Core Viewpoint - The Zhanhai High-Speed Railway project is progressing, with significant infrastructure investments exceeding 400 billion yuan, aimed at enhancing connectivity between the Guangdong-Hong Kong-Macao Greater Bay Area and Hainan Free Trade Port [1][2]. Group 1: Project Overview - The Zhanhai High-Speed Railway will connect Zhanjiang in Guangdong Province to Haikou in Hainan Province, featuring a 23-kilometer ferry crossing over the Qiongzhou Strait [2]. - The project is part of the national "eight vertical and eight horizontal" high-speed railway network, facilitating rapid transit between key regions in Guangdong and Hainan [2][3]. Group 2: Economic Impact - Upon completion, travel time from Zhanjiang to Xu Wen is expected to decrease from approximately 2 hours to under 30 minutes, while the journey from Zhanjiang to Haikou will be reduced from 3-4 hours to around 2 hours [2]. - The railway aims to create a seamless connection between Hainan's circular island high-speed railway and the national high-speed rail network, promoting resource sharing and industrial collaboration between the two economic zones [2][5]. Group 3: Development Timeline - The project is on track to be completed and operational during the "14th Five-Year Plan" period, with preliminary work progressing steadily [3]. - The Zhanhai High-Speed Railway is expected to significantly enhance the geographical and functional positioning of the Guangdong region, transforming it from a peripheral area to a frontline hub [5].

（原标题：宇通集团｜写入《2025 汽车行业影响力年鉴》） 在"十四五"规划收官之际，中国汽车产业正在进入新的发展阶段。经济观察报第十九届中国汽车年会暨《2025汽车行业影响力年鉴》，基于公开 数据、市场表现与行业共识，对年度内在技术路径与市场格局层面产生实际影响的"明亮因子"进行系统梳理。 在当前新能源产业从高速增长向高质量发展转型的背景下，市场对新能源商用车企业的判断，正从规模导向转向技术自主性、全球化能力与可持 续盈利能力。宇通客车在2025年所展现的核心技术自主化、全球化定制落地、行业标准引领等多重能力，使其成为国内新能源商用车领域少数同 时具备技术深度、市场广度与成长确定性的领军企业。 基于其在新能源商用车领域的核心技术突破、全球化市场引领地位、定制化拓展能力以及由此形成的持续行业影响力，宇通客车被写入《2025汽 车行业影响力年鉴》，作为年度新能源商用车先锋领军企业样本。 相关ETF A50ETF (产品代码: 159601) 当政策加码推动新能源营运重卡规模化应用，补能设施网络持续完善，新能源商用车的竞争焦点已从单一产品迭代升级为技术自主化、市场全球 化与生态一体化的综合实力比拼。宇通集团在20 ...

Group 1 - The core point of the news is that the power equipment industry saw a significant net inflow of funds amounting to 77.52 billion yuan, which is notably higher than other sectors [1] - On December 26, the A-share market experienced a slight increase, with the Shanghai Composite Index achieving an eight-day consecutive rise [1] - Among the 25 industries with net outflows, the electronics, communications, and machinery sectors had the highest outflows, each exceeding 4 billion yuan [1] Group 2 - From individual stocks, 49 stocks had net inflows exceeding 2 billion yuan, with five stocks seeing inflows over 10 billion yuan [2] - Yangguang Electric Power led with a net inflow of 23.72 billion yuan, attributed to a surge in the photovoltaic sector following the "2025 China Photovoltaic Industry Annual Conference" [2] - Aerospace Development followed with a net inflow of 20.72 billion yuan, with significant buying from institutional investors [2] Group 3 - At the market close, there was a net outflow of 6.56 billion yuan, but the power equipment and defense industries attracted over 1 billion yuan in net buying [3] - Individual stocks such as Xiechuang Data and Yangguang Electric Power had net inflows exceeding 1 billion yuan at the close [3] - Other stocks like China Satellite Communications and Zhejiang Sebao also saw substantial net inflows, each exceeding 800 million yuan [3] Group 4 - On the outflow side, stocks like Xinwei Communication, Yingweike, and Lixun Precision experienced the highest net outflows at the market close [4]

证券之星消息，12月26日乘用车板块较上一交易日上涨2.54%，比亚迪领涨。当日上证指数报收于3963.68，上涨0.1%。深证成指报收于 13603.89，上涨0.54%。乘用车板块个股涨跌见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | --- | --- | --- | --- | --- | --- | | 002594 | 比亚迪 | 100.01 | 5.45% | 102.10万 | 101.79亿 | | 601633 | 长城汽车 | 22.78 | 2.75% | 36.31万 | 8.35 Z | | 000572 | 海马汽车 | 8.82 | 1.38% | 238.94万 | 21.32亿 | | 601127 | 蓋力斯 | 120.67 | 1.31% | 22.21万 | 26.92亿 | | 600733 | 北汽蓝谷 | 60'8 | 1.00% | 149.72万 | 12.04亿 | | 000625 | 长安汽车 | 66" II | 0.76% | 81.40万 | 9.74亿 | | 601238 | 广汽集团 | ...

分行业来看，申万所属的一级行业中，今日上涨的有25个，涨幅居前的行业为国防军工、轻工制造，涨幅为2.91%、1.59%。跌幅居前的行业为综 合、有色金属，跌幅为1.12%、0.77%。 行业资金流向方面，今日有8个行业主力资金净流入，汽车行业主力资金净流入规模居首，该行业今日上涨1.46%，全天净流入资金27.47亿元，其 次是机械设备行业，日涨幅为1.51%，净流入资金为18.62亿元。 主力资金净流出的行业有23个，电子行业主力资金净流出规模居首，今日上涨0.29%，全天净流出资金61.23亿元，其次是有色金属行业，今日跌 幅为0.77%，净流出资金为41.35亿元，净流出资金较多的还有通信、商贸零售、计算机等行业。 今日各行业资金流向 （原标题：12月25日主力资金流向日报） 12月25日，沪指上涨0.47%，深成指上涨0.33%，创业板指上涨0.30%，沪深300指数上涨0.18%。可交易A股中，上涨的有3772只，占比69.17%， 下跌的1473只。 资金面上，今日主力资金全天净流出181.29亿元。其中，创业板主力资金净流出44.08亿元；科创板主力资金净流出16.89亿元；沪深300成份股主 ...

（原标题："寻子的哥"杨晓青：把孩子找回来，不是为了让他做"笼子里的鸟"） 经济观察报记者 郑晨烨 深圳机场的出租车蓄车场，成百上千辆蓝色的电动车停在水泥地上，一眼望不到头。 这里没什么复杂的规矩，就是排队。车子开进来，进入队列中，前面的车往前挪几米，后面的车就得赶紧跟上去，然后继续等待。 12月19日，杨晓青把车停在队列里，拉起了手刹。他看了看前面的长龙，根据从业28年以来的经验判断，这一轮排队起步得两三个小时。 就在这漫长的排队间隙，杨晓青接通了记者的电话——这段时间里，他不用像在路边停车那样担心交警贴条，也不用时刻盯着有没有乘客招手。 在深圳，杨晓青开了28年出租车，他的车从最早那辆红色的捷达，变成了现在安静的蓝色比亚迪。在这些年的大部分时间里，他都在等待，在路 边等客，在机场排队，以及，等一个消失了17年的孩子。 杨晓青是广东省茂名市电白县（现为茂名市电白区）人，1993年，他来到深圳，第一份工作是在梧桐山的电子厂做普工。 那是"打工仔"和"打工妹"这些称呼刚刚从广东深圳传向全国的年代，工厂包吃包住，相比于当时很多只管饭、没工钱的学徒工，杨晓青一个月能 拿到三百多块，已经算是不错的待遇。 但在流水线上 ...

1、海南自贸港启动全岛封关 （原标题：今日看点｜海南自贸港启动全岛封关） 12月18日重点关注的财经要闻与资本市场大事： 12月18日，海南自贸港正式启动封关运作。封关是指将海南岛全岛建成一个海关监管特殊区域，实施以"一线"放开、"二线"管住、岛内自由为基 本特征的自由化便利化政策制度。 12月18日，15家公司共发布16个股票回购相关进展。其中，6家公司首次披露股票回购预案，1家公司回购方案获股东大会通过，6家公司披露股票 回购实施进展，2家公司回购方案已实施完毕。 2、商务部将召开新闻发布会，介绍近期商务领域重点工作有关情况 12月18日下午3时，商务部将举行新闻发布会，新闻发言人介绍近期商务领域重点工作有关情况，并答记者问。 3、气象局将召开新闻发布会，介绍《地球系统预报发展战略（2025—2035年）》有关内容 12月18日上午10时30分，气象局将召开专题新闻发布会，介绍《地球系统预报发展战略（2025—2035年）》有关内容，并答记者问。 4、10.3亿元市值限售股今日解禁 12月18日，共有5家公司限售股解禁，合计解禁量为1.29亿股，按最新收盘价计算，合计解禁市值为10.3亿元。 从解禁量来看 ...

（原标题：14股受融资客青睐 净买入超亿元） 截至12月11日，市场融资余额合计2.49万亿元，较前一交易日减少62.60亿元，其中，沪市融资余额12570.23亿元，较前一交易日减少16.52亿元； 深市融资余额12254.14亿元，较前一交易日减少47.42亿元；北交所融资余额77.09亿元，较前一交易日增加1.35亿元。 证券时报·数据宝统计显示，具体到个股，12月11日共有1716只股获融资净买入，净买入金额在千万元以上的有377只，其中14只融资净买入额超 亿元。胜宏科技融资净买入额居首，当日净买入5.04亿元，其次是天通股份、蓝思科技，融资净买入金额分别为2.75亿元、2.44亿元，融资净买入 金额居前的还有招商银行、澜起科技、香农芯创等。 分行业统计，获融资客净买入超亿元个股中，电子、农林牧渔等行业最为集中，分别有6只、2只个股上榜。板块分布上，大手笔净买入个股中， 主板有9只，创业板有4只，科创板有1只。 融资客大手笔净买入个股中，从最新融资余额占流通市值比例看，算术平均值为4.80%，融资余额占比最高的是天通股份，该股最新融资余额 12.93亿元，占流通市值的比例为8.18%，融资余额占比较 ...

Core Viewpoint - The recent surge in short-selling funds against Pop Mart has led to a significant decline in its stock price, with the short-selling activity reaching a one-year high since September [1][4]. Group 1: Short-Selling Activity - The cumulative funds for short-selling Pop Mart have reached a new high over the past year, contributing to the continuous decline in its stock price [1]. - An increasing number of foreign institutions have published bearish views on Pop Mart, echoing concerns similar to those seen during the AI bubble, indicating a lack of immediate evidence to confirm or refute these views [4]. Group 2: Market Sentiment and Performance - The stock price of Pop Mart is expected to remain stagnant in the short term due to the absence of strong data supporting either bullish or bearish positions, leading to a stalemate [4]. - Concerns have been raised regarding the sustainability of high growth driven by the Labubu product, with fears of a high base effect impacting future performance [6][10]. Group 3: Future Outlook - The ideal time for bottom-fishing in Pop Mart would be when the premium expectations for Labubu diminish and market hopes for new hit products are low [5]. - Pop Mart is currently positioned between the expansion and peak phases of its product cycle, with market fears that it may soon transition into a downturn phase if new hit products are not developed [8][10].

Group 1 - The A-share market saw a collective rise on November 28, with major indices increasing and various industry sectors experiencing broad gains, particularly in energy metals, shipbuilding, fertilizers, cement, mining, retail, automotive, construction, and optical electronics [1] - The net inflow of main funds in the Shanghai and Shenzhen markets reached 6.825 billion yuan, with 19 industries experiencing net inflows, led by the electronics sector with a net inflow of 2.449 billion yuan [1] - Other sectors with significant net inflows included non-ferrous metals, automotive, basic chemicals, power equipment, and national defense, each exceeding 1.2 billion yuan [1] Group 2 - A total of 87 stocks saw net inflows exceeding 100 million yuan, with 10 stocks receiving over 400 million yuan in net inflows [2] - Aerospace Development topped the list with a net inflow of 970 million yuan, following the release of a development action plan by the National Space Administration [2] - Shannon Chip's net inflow was 944 million yuan, supported by its established dual-driven model in the high-end storage sector, which is expected to yield higher margins in the current market [2] Group 3 - 55 stocks experienced net outflows exceeding 100 million yuan, with notable outflows from companies such as Zhongji Xuchuang, ZTE, and others, each exceeding 500 million yuan [3] - The tail end of the trading day saw a net inflow of 4.01 billion yuan, with significant inflows in the electronics and power equipment sectors, each exceeding 500 million yuan [4] - Individual stocks like Shannon Chip, Ningde Times, and others saw net inflows exceeding 100 million yuan during the tail end of trading [4]