505 lines
35 KiB
HTML
505 lines
35 KiB
HTML
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<!-- Header -->
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<header class="text-center space-y-4">
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<h1 class="text-4xl md:text-6xl font-bold text-glow">中概股回归概念</h1>
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<p class="text-xl md:text-2xl text-blue-300">深度研报</p>
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<div class="alert bg-gray-800/50 border-blue-500/30 text-sm text-gray-400 max-w-4xl mx-auto">
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<span>北京价值前沿科技有限公司 AI投研agent：“价小前投研” 进行投研呈现，本报告为AI合成数据，投资需谨慎。</span>
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</div>
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</header>
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<main class="space-y-8">
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<!-- Core Insight Section -->
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<section id="core-insight" class="glass-card p-6 md:p-8">
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<h2 class="section-title mb-6">核心观点摘要</h2>
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<div class="prose prose-lg max-w-none prose-custom">
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<p>“中概股回归”概念是一个由<strong>外部监管压力</strong>和<strong>内部政策支持</strong>共同驱动的确定性趋势，已从早期的被动风险规避阶段，演变为企业主动寻求多元化融资渠道和更接近本土投资者群体的战略布局阶段。其核心投资逻辑在于回归过程本身为<strong>金融服务机构</strong>（尤其是券商）带来了增量业务，并长期利好作为主要承接地的<strong>香港资本市场生态</strong>。</p>
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</div>
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</section>
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<div class="bento-grid">
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<!-- Concept Event -->
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<div class="bento-item bento-item-span-12 lg:bento-item-span-8 glass-card p-6 md:p-8">
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<h2 class="section-title mb-6">概念事件与发展脉络</h2>
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<div class="prose max-w-none prose-custom space-y-4">
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<p>中概股回归指在美国上市的中国企业通过在香港或内地资本市场进行二次上市、双重主要上市或私有化后再上市的过程。这一趋势由多重因素交织驱动，并已形成清晰的时间脉络。</p>
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<h3>核心驱动因素</h3>
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<ul>
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<li><strong>外部压力 (Push Factor)</strong>: 核心催化剂是美国监管收紧，特别是《外国公司问责法》（HFCAA）。路演数据显示，该法案构成系统性退市风险，理论上最早可能于<strong>2026年中期</strong>执行。</li>
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<li><strong>内部引力 (Pull Factor)</strong>: 中国内地与香港监管层展现明确欢迎姿态。新闻数据显示，中国证监会主席吴清 (2025-05-07) 和香港财政司司长陈茂波 (2025-06-13) 均公开表态支持，同时港交所的灵活制度为回归提供了便利。</li>
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</ul>
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<h3>关键时间轴</h3>
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<ul class="timeline timeline-vertical">
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<li>
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<div class="timeline-start timeline-box">2018年至今</div>
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<div class="timeline-middle"><svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20" fill="currentColor" class="w-5 h-5 text-primary"><path fill-rule="evenodd" d="M10 18a8 8 0 100-16 8 8 0 000 16zm3.857-9.809a.75.75 0 00-1.214-.882l-3.483 4.79-1.88-1.88a.75.75 0 10-1.06 1.061l2.5 2.5a.75.75 0 001.06 0l4.25-5.832z" clip-rule="evenodd" /></svg></div>
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<div class="timeline-end timeline-box">回归浪潮开启，众多中概股选择回归港股。</div>
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<hr/>
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</li>
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<li>
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<hr/>
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<div class="timeline-start timeline-box">2025年5-6月</div>
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<div class="timeline-middle"><svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20" fill="currentColor" class="w-5 h-5 text-primary"><path fill-rule="evenodd" d="M10 18a8 8 0 100-16 8 8 0 000 16zm3.857-9.809a.75.75 0 00-1.214-.882l-3.483 4.79-1.88-1.88a.75.75 0 10-1.06 1.061l2.5 2.5a.75.75 0 001.06 0l4.25-5.832z" clip-rule="evenodd" /></svg></div>
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<div class="timeline-end timeline-box">政策支持信号密集释放，官方从国家战略层面肯定回归价值。</div>
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<hr/>
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</li>
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<li>
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<hr/>
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<div class="timeline-start timeline-box">2025年10月</div>
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<div class="timeline-middle"><svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20" fill="currentColor" class="w-5 h-5 text-primary"><path fill-rule="evenodd" d="M10 18a8 8 0 100-16 8 8 0 000 16zm3.857-9.809a.75.75 0 00-1.214-.882l-3.483 4.79-1.88-1.88a.75.75 0 10-1.06 1.061l2.5 2.5a.75.75 0 001.06 0l4.25-5.832z" clip-rule="evenodd" /></svg></div>
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<div class="timeline-end timeline-box">成果显现，截至21日已有<strong>37家</strong>中概股登陆港股。小马智行等科技企业成为新代表。</div>
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</li>
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</ul>
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</div>
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</div>
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<!-- Core Logic -->
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<div class="bento-item bento-item-span-12 lg:bento-item-span-4 glass-card p-6 md:p-8 flex flex-col">
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<h2 class="section-title mb-6">核心逻辑</h2>
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<div class="prose max-w-none prose-custom space-y-4 flex-grow">
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<h3>地缘政治与监管博弈下的风险对冲</h3>
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<p><strong>首要驱动 (负向)</strong>: 源于美国的监管不确定性，核心是HFCAA法案引发的审计底稿冲突和退市风险。</p>
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<p><strong>次要驱动 (正向)</strong>: 中国内地与香港市场的政策“引力”，为回归构建了安全的“备降机场”，并能接触更理解业务的本土投资者和“南向资金”。</p>
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<blockquote>
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<p>路演数据(2024-10-09)验证：阿里巴巴回归港股后，“南下资金已买入310亿港币”。</p>
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</blockquote>
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</div>
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</div>
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<!-- Market Perception & Expectation Gap -->
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<div class="bento-item bento-item-span-12 glass-card p-6 md:p-8">
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<h2 class="section-title mb-6">市场认知与预期差分析</h2>
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<div class="prose max-w-none prose-custom space-y-4">
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<p>当前市场对该概念关注度<strong>非常高</strong>，整体情绪<strong>偏向乐观</strong>，认为回归是“多赢”之举。但普遍认知与实际情况存在以下预期差：</p>
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<ol>
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<li><strong>对港股流动性的过度乐观</strong>: 市场可能低估了回归潮对港股的短期流动性冲击。路演数据(2025-05-08)指出，若交易量全部回流，港股日均交易额需增加约<strong>400亿港元</strong>，短期将面临<strong>承压</strong>。</li>
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<li><strong>对回归路径的简单化认知</strong>: 市场倾向于将回归视为标准化流程。但研报(2025-07-29)详细区分了不同类型企业的多元路径，中小市值企业的回归难度和成本可能被市场忽略。</li>
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<li><strong>对A股受益标的逻辑的泛化</strong>: 市场可能对非头部券商及相关机构的受益程度存在过度预期。回归项目高度集中于<strong>中金公司、中信证券</strong>等头部机构。</li>
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</ol>
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<div class="alert bg-rose-900/30 border-rose-500/30">
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<svg xmlns="http://www.w3.org/2000/svg" class="stroke-current shrink-0 h-6 w-6" fill="none" viewBox="0 0 24 24"><path stroke-linecap="round" stroke-linejoin="round" stroke-width="2" d="M12 9v2m0 4h.01m-6.938 4h13.856c1.54 0 2.502-1.667 1.732-3L13.732 4c-.77-1.333-2.694-1.333-3.464 0L3.34 16c-.77 1.333.192 3 1.732 3z" /></svg>
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<span><strong>关键风险点</strong>: 市场在庆祝优质资产流入的同时，可能对承接市场的短期消化能力存在认知不足。</span>
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</div>
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</div>
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</div>
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<!-- Catalysts & Future Path -->
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<div class="bento-item bento-item-span-12 lg:bento-item-span-6 glass-card p-6 md:p-8">
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<h2 class="section-title mb-6">关键催化剂与未来路径</h2>
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<div class="prose max-w-none prose-custom space-y-4">
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<h3>近期催化剂 (3-6个月)</h3>
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<ul>
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<li><strong>标志性中概股</strong>宣布回归计划 (如拼多多)。</li>
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<li>中美审计监管谈判出现<strong>明确进展</strong>或破裂。</li>
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<li><strong>港股通</strong>纳入机制进一步优化，引入内地增量资金。</li>
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</ul>
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<h3>长期发展路径</h3>
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<ul>
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<li><strong>从“避风港”到“主战场”</strong>: 香港市场将从备用选项转变为主要资本运作平台。</li>
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<li><strong>回归路径多元化与常态化</strong>: A股CDR模式或红筹接纳度提高，提供更多选择。</li>
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<li><strong>形成“回归概念板块”效应</strong>: 拥有独立的估值体系，与中国新经济和南向资金流向高度相关。</li>
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</ul>
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</div>
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</div>
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<!-- Supporting Data -->
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<div x-data="{ tab: 'news' }" class="bento-item bento-item-span-12 lg:bento-item-span-6 glass-card p-6 md:p-8">
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<h2 class="section-title mb-6">关键数据源佐证</h2>
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<div class="tabs tabs-boxed bg-black/20 mb-4">
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<a class="tab" :class="{'tab-active': tab === 'news'}" @click="tab = 'news'">新闻数据</a>
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<a class="tab" :class="{'tab-active': tab === 'roadshow'}" @click="tab = 'roadshow'">路演纪要</a>
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<a class="tab" :class="{'tab-active': tab === 'report'}" @click="tab = 'report'">研报观点</a>
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</div>
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<div class="prose max-w-none prose-custom text-sm space-y-2">
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<div x-show="tab === 'news'">
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<ul>
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<li><strong>政策支持:</strong> 中国证监会主席吴清、香港财政司司长陈茂波均公开表示，支持和欢迎优质中概股回归。</li>
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<li><strong>市场趋势:</strong> 回归已从被动避险转为主动布局。截至2025年10月，已有37家中概股登陆港股。</li>
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<li><strong>回归方式:</strong> 主要为港股“双重主要上市”和“第二上市”。</li>
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<li><strong>代表案例:</strong> 小马智行、文远知行等科技企业是近期回归代表。</li>
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</ul>
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</div>
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<div x-show="tab === 'roadshow'" x-cloak>
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<ul>
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<li><strong>核心驱动:</strong> 规避美国《外国公司问责法》（HFCA）引发的审计监管和退市风险。</li>
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<li><strong>应对策略:</strong> 返回香港进行双重主要上市或二次上市，为公司提供安全垫。</li>
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<li><strong>港股利好:</strong> 通过港股通机制吸引内地“南向资金”，提升港交所交易活跃度和战略地位。</li>
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<li><strong>流动性风险:</strong> 港股流动性弱于美股，短期或承压，但对头部公司风险可控。</li>
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</ul>
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</div>
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<div x-show="tab === 'report'" x-cloak>
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<ul>
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<li><strong>多元路径:</strong> 除港股上市外，还包括私有化退市再上市、CDR发行、A股借壳等。</li>
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<li><strong>受益环节:</strong> 中资券商（中金、中信等）享受跨境业务红利；壳公司价值重估。</li>
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<li><strong>估值溢价:</strong> 回归后可能受南向资金、政策安全港效应、资产稀缺性等因素推动产生估值溢价。</li>
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<li><strong>风险提示:</strong> 政策不确定性、估值波动、执行成本高、宏观环境变化。</li>
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</ul>
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</div>
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</div>
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</div>
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<!-- Industry Chain -->
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<div class="bento-item bento-item-span-12 glass-card p-6 md:p-8">
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<h2 class="section-title mb-6">产业链图谱与核心公司剖析</h2>
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<div class="lg:flex lg:space-x-8">
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<div id="industry-chain-chart" class="w-full lg:w-1/3 h-96"></div>
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<div class="w-full lg:w-2/3 prose max-w-none prose-custom mt-6 lg:mt-0">
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<h3>核心玩家对比</h3>
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<ul>
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<li>
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<strong>领导者 & 逻辑最纯粹者: 中金公司 (601995)</strong>
|
||
<p>竞争优势：拼多多美股IPO主承销商，参与中概股私有化和近两年IPO保荐数量（39家）均遥遥领先。国际业务经验丰富，是回归业务的天然领导者。</p>
|
||
</li>
|
||
<li>
|
||
<strong>追赶者 & 差异化玩家: 华泰证券 (601688) & 中信证券 (600030)</strong>
|
||
<p>竞争优势：同为头部券商，IPO保荐数量分列第二（19家）和第三（17家）。客户基础庞大，境内外业务联动能力强。</p>
|
||
</li>
|
||
<li>
|
||
<strong>高弹性参与者: 鲁信创投 (600783)</strong>
|
||
<p>竞争优势：作为创投机构，通过股权投资参与中概股私有化，收益弹性远高于投行佣金，但项目不确定性也更高。</p>
|
||
</li>
|
||
</ul>
|
||
</div>
|
||
</div>
|
||
</div>
|
||
|
||
<!-- Conclusion & Investment Thesis -->
|
||
<div class="bento-item bento-item-span-12 glass-card p-6 md:p-8">
|
||
<h2 class="section-title mb-6">综合结论与投资启示</h2>
|
||
<div class="prose max-w-none prose-custom space-y-4">
|
||
<h3>阶段判断</h3>
|
||
<p>“中概股回归”已度过纯粹的主题炒作，进入由宏观政策驱动、有明确商业逻辑支撑的<strong>基本面兑现阶段</strong>。这是一个中长期的、高确定性的结构性趋势。</p>
|
||
|
||
<h3>最具投资价值的细分环节</h3>
|
||
<ol>
|
||
<li><strong>券商/投行业务</strong>: 最直接、最纯粹的受益环节，享受源源不断的IPO、财务顾问等业务。<strong>中金公司、中信证券</strong>是核心标的。</li>
|
||
<li><strong>交易平台基础设施</strong>: <strong>香港交易所</strong>是长期最大赢家之一，优质公司上市将优化其结构，提升市场深度和广度。</li>
|
||
</ol>
|
||
|
||
<h3>需重点跟踪的关键指标</h3>
|
||
<ul>
|
||
<li><strong>回归流水线 (Pipeline)</strong>: 新增宣布回归或递交申请的中概股数量和规模。</li>
|
||
<li><strong>南向资金净流入额</strong>: 流入回归标的的资金规模，验证流动性改善逻辑。</li>
|
||
<li><strong>中美PCAOB谈判进展</strong>: 判断趋势强度和持续性的关键信号。</li>
|
||
<li><strong>回归公司在港股的成交额与换手率</strong>: 评估流动性改善效果。</li>
|
||
</ul>
|
||
</div>
|
||
</div>
|
||
|
||
</div>
|
||
|
||
<!-- Stock List Section -->
|
||
<section id="stock-list" class="space-y-8">
|
||
<div class="glass-card p-6 md:p-8">
|
||
<h2 class="section-title mb-6">核心关联个股</h2>
|
||
<div class="overflow-x-auto">
|
||
<table class="table table-zebra w-full">
|
||
<thead>
|
||
<tr>
|
||
<th>股票名称</th>
|
||
<th>股票代码</th>
|
||
<th>关联逻辑</th>
|
||
<th>标签</th>
|
||
</tr>
|
||
</thead>
|
||
<tbody>
|
||
<!-- Data will be injected by JS -->
|
||
</tbody>
|
||
</table>
|
||
</div>
|
||
</div>
|
||
|
||
<div class="glass-card p-6 md:p-8">
|
||
<h2 class="section-title mb-6">个股异动分析补充</h2>
|
||
<div id="rise-analysis-container" class="space-y-4">
|
||
<!-- Rise analysis will be injected by JS -->
|
||
</div>
|
||
</div>
|
||
</section>
|
||
|
||
</main>
|
||
</div>
|
||
|
||
<script>
|
||
const stockData = {
|
||
"中概股回归概念（250414）": {
|
||
"371B42F9-5321-40F3-AB0B-6E6EDAE1EEC4.png": [
|
||
{ "stock": "中金公司", "reason": "美股IPO业务主要通过中金国际开展，为拼多多美股IPO主承销商之一", "其他标签": "券商, 拼多多相关", "stock_code": "601995" },
|
||
{ "stock": "招商证券", "reason": "招商证券(香港)为拼多多联席承销商之一", "其他标签": "券商, 拼多多相关", "stock_code": "600999" },
|
||
{ "stock": "日出东方", "reason": "华兴资本为拼多多联席承销商之一；日出东方3200万认购华兴资本", "其他标签": "券商, 拼多多相关", "stock_code": "603366" },
|
||
{ "stock": "中信证券", "reason": "参与数量最多 (5+家)", "其他标签": "券商, 参与中概股私有化", "stock_code": "600030" },
|
||
{ "stock": "华泰证券", "reason": "3-4家", "其他标签": "券商, 参与中概股私有化", "stock_code": "601688" },
|
||
{ "stock": "中金公司", "reason": "参与中概股私有化", "其他标签": "券商, 参与中概股私有化, 其他", "stock_code": "601995" },
|
||
{ "stock": "海通证券", "reason": "参与中概股私有化", "其他标签": "券商, 参与中概股私有化, 其他", "stock_code": "600837" }, // Assuming a common code
|
||
{ "stock": "鲁信创投", "reason": "参与中概股私有化", "其他标签": "券商, 参与中概股私有化, 其他", "stock_code": "600783" },
|
||
{ "stock": "中金公司", "reason": "39家，第一", "其他标签": "券商, 近2年IPO保荐数量(头部券商)", "stock_code": "601995" },
|
||
{ "stock": "华泰证券", "reason": "19家，第二", "其他标签": "券商, 近2年IPO保荐数量(头部券商)", "stock_code": "601688" },
|
||
{ "stock": "中信证券", "reason": "17家，第三", "其他标签": "券商, 近2年IPO保荐数量(头部券商)", "stock_code": "600030" },
|
||
{ "stock": "国泰君安", "reason": "近2年IPO保荐数量(头部券商)", "其他标签": "券商, 近2年IPO保荐数量(头部券商), 其他", "stock_code": "601211" },
|
||
{ "stock": "中信建投", "reason": "近2年IPO保荐数量(头部券商)", "其他标签": "券商, 近2年IPO保荐数量(头部券商), 其他", "stock_code": "601066" },
|
||
{ "stock": "广发证券", "reason": "广发控股香港", "其他标签": "券商, 具备香港子公司", "stock_code": "000776" },
|
||
{ "stock": "招商证券", "reason": "招商证券国际", "其他标签": "券商, 具备香港子公司", "stock_code": "600999" },
|
||
{ "stock": "光大证券", "reason": "光大证券国际", "其他标签": "券商, 具备香港子公司", "stock_code": "601788" },
|
||
{ "stock": "天晟新材", "reason": "全资子公司天晟证券2003年在香港成立，主营业务包括证券交易及发行债券等", "其他标签": "其他具备香港牌照公司", "stock_code": "300169" },
|
||
{ "stock": "爱建集团", "reason": "爱建国际资产管理公司拥有香港证监会颁发的第1、4、9号牌照", "其他标签": "其他具备香港牌照公司", "stock_code": "600643" },
|
||
{ "stock": "南华期货", "reason": "具备香港牌照", "其他标签": "其他具备香港牌照公司, 其他", "stock_code": "603093" },
|
||
{ "stock": "弘业期货", "reason": "具备香港牌照", "其他标签": "其他具备香港牌照公司, 其他", "stock_code": "001236" },
|
||
{ "stock": "瑞达期货", "reason": "具备香港牌照", "其他标签": "其他具备香港牌照公司, 其他", "stock_code": "002961" },
|
||
{ "stock": "银之杰", "reason": "具备香港牌照", "其他标签": "其他具备香港牌照公司, 其他", "stock_code": "300085" },
|
||
{ "stock": "九鼎投资", "reason": "股权投资营收占比第一", "其他标签": "私募/创投", "stock_code": "600053" },
|
||
{ "stock": "华金资本", "reason": "股权投资营收占比第二", "其他标签": "私募/创投", "stock_code": "000532" },
|
||
{ "stock": "四川双马", "reason": "股权投资营收占比第三", "其他标签": "私募/创投", "stock_code": "000935" },
|
||
{ "stock": "鲁信创投", "reason": "私募/创投业务", "其他标签": "私募/创投, 其他", "stock_code": "600783" },
|
||
{ "stock": "华西股份", "reason": "私募/创投业务", "其他标签": "私募/创投, 其他", "stock_code": "000936" },
|
||
{ "stock": "电广传媒", "reason": "私募/创投业务", "其他标签": "私募/创投, 其他", "stock_code": "000917" },
|
||
{ "stock": "隧道股份", "reason": "私募/创投业务", "其他标签": "私募/创投, 其他", "stock_code": "600820" },
|
||
{ "stock": "苏州高新", "reason": "私募/创投业务", "其他标签": "私募/创投, 其他", "stock_code": "600736" },
|
||
{ "stock": "市北高新", "reason": "私募/创投业务", "其他标签": "私募/创投, 其他", "stock_code": "600604" },
|
||
{ "stock": "创业黑马", "reason": "私募/创投业务", "其他标签": "私募/创投, 其他", "stock_code": "300688" },
|
||
{ "stock": "浙江永强", "reason": "通过认缴宁波博睿维森股权投资合伙企业的份额，间接参与了奇虎360的私有化", "其他标签": "参与中概股运作", "stock_code": "002489" },
|
||
{ "stock": "益民集团", "reason": "参股德同益民消费产业股权投资基金，该基金涉及中概股回归项目", "其他标签": "参与中概股运作", "stock_code": "600824" },
|
||
{ "stock": "华西股份", "reason": "并购业务包含中概股回归", "其他标签": "参与中概股运作", "stock_code": "000936" },
|
||
]
|
||
}
|
||
};
|
||
|
||
const riseAnalysisData = [
|
||
{ "stock": "华丽家族", "stock_code": "600503", "rise_rate": 9.94, "trade_date": "2025-09-09", "reason": "核心结论 <br>“房多多 5 天 4 倍”引爆中概地产情绪，资金回流 A 股破净小市值标的，华丽家族因“上海本地+0.8×NAV+38 亿流通盘”成为最小阻力补涨靶。<br><br>驱动概念 <br>地产链补涨+中概情绪外溢+破净小市值" },
|
||
{ "stock": "高伟达", "stock_code": "300465", "rise_rate": 6.71, "trade_date": "2025-06-16", "reason": "直接催化因素：互动平台回应公司在人民币支付领域的解决方案能力，引发市场对公司在跨境支付与数字货币领域布局的预期。同时受数字货币板块整体走强带动。" },
|
||
{ "stock": "蓝思科技", "stock_code": "300433", "rise_rate": 11.4, "trade_date": "2025-07-03", "reason": "多重利好共振：1. 股票回购计划获9亿元贷款支持；2. 消费电子板块整体走强，受益于苹果折叠iPhone开发消息；3. 美国越南关税落地低于预期，利好果链；4. 公司提交港股招股书，有二次上市预期。" },
|
||
{ "stock": "线上线下", "stock_code": "300959", "rise_rate": 20.01, "trade_date": "2025-09-16", "reason": "核心驱动：“小红书赴美IPO”传闻。公司是小红书第一大客户（收入占比28%），直接受益于平台融资扩张预期。流通盘极小，成为板块情绪锚。" },
|
||
{ "stock": "利欧股份", "stock_code": "002131", "rise_rate": 9.94, "trade_date": "2025-08-26", "reason": "四重利好集中兑现：1. 中报扭亏；2. 30亿证券投资产生浮盈；3. 数据中心液冷政策催化（公司液冷循环泵已批量供货）；4. H股上市预期。" },
|
||
];
|
||
|
||
document.addEventListener('DOMContentLoaded', function () {
|
||
// Populate stock table
|
||
const tableBody = document.querySelector('#stock-list tbody');
|
||
const stocks = stockData["中概股回归概念（250414）"]["371B42F9-5321-40F3-AB0B-6E6EDAE1EEC4.png"];
|
||
stocks.forEach(stock => {
|
||
const row = document.createElement('tr');
|
||
row.innerHTML = `
|
||
<td class="font-semibold">${stock.stock}</td>
|
||
<td>${stock.stock_code ? `<a href="https://valuefrontier.cn/company?scode=${stock.stock_code}" target="_blank" class="link link-primary">${stock.stock_code}</a>` : 'N/A'}</td>
|
||
<td>${stock.reason}</td>
|
||
<td>${stock['其他标签'].split(',').map(tag => `<div class="badge badge-outline badge-info">${tag.trim()}</div>`).join(' ')}</td>
|
||
`;
|
||
tableBody.appendChild(row);
|
||
});
|
||
|
||
// Populate rise analysis
|
||
const riseContainer = document.getElementById('rise-analysis-container');
|
||
riseAnalysisData.forEach((item, index) => {
|
||
const collapse = document.createElement('div');
|
||
collapse.className = 'collapse collapse-arrow glass-card';
|
||
collapse.innerHTML = `
|
||
<input type="radio" name="rise-accordion" ${index === 0 ? 'checked="checked"' : ''} />
|
||
<div class="collapse-title text-xl font-medium">
|
||
${item.stock} (${item.stock_code}) - <span class="text-success">${item.rise_rate}%</span> (${item.trade_date})
|
||
</div>
|
||
<div class="collapse-content">
|
||
<p class="prose prose-sm prose-custom">${item.reason.replace(/<br>/g, '')}</p>
|
||
</div>
|
||
`;
|
||
riseContainer.appendChild(collapse);
|
||
});
|
||
|
||
// ECharts Industry Chain
|
||
var chartDom = document.getElementById('industry-chain-chart');
|
||
var myChart = echarts.init(chartDom, 'dark');
|
||
var option;
|
||
|
||
option = {
|
||
backgroundColor: 'transparent',
|
||
tooltip: {},
|
||
series: [
|
||
{
|
||
type: 'graph',
|
||
layout: 'force',
|
||
animation: true,
|
||
roam: false,
|
||
label: {
|
||
show: true,
|
||
position: 'right',
|
||
formatter: '{b}',
|
||
fontSize: 14,
|
||
color: '#e0e0e0'
|
||
},
|
||
labelLayout: {
|
||
hideOverlap: true
|
||
},
|
||
force: {
|
||
repulsion: 400,
|
||
edgeLength: 120
|
||
},
|
||
edgeSymbol: ['circle', 'arrow'],
|
||
edgeSymbolSize: [4, 10],
|
||
edgeLabel: {
|
||
fontSize: 12
|
||
},
|
||
data: [
|
||
{ name: '上游: 在美中概股', symbolSize: 80, itemStyle: { color: '#ec4899' }, category: 0 },
|
||
{ name: '中游: 服务支持方', symbolSize: 100, itemStyle: { color: '#3b82f6' }, category: 1 },
|
||
{ name: '下游: 资本承接方', symbolSize: 80, itemStyle: { color: '#a5b4fc' }, category: 2 },
|
||
{ name: '核心投行/券商', symbolSize: 50, category: 1 },
|
||
{ name: '私募/创投', symbolSize: 50, category: 1 },
|
||
{ name: '交易平台(港交所)', symbolSize: 50, category: 2 },
|
||
{ name: '投资者(南向资金)', symbolSize: 50, category: 2 },
|
||
],
|
||
links: [
|
||
{ source: '上游: 在美中概股', target: '中游: 服务支持方', value: '提供资产' },
|
||
{ source: '中游: 服务支持方', target: '下游: 资本承接方', value: '对接资本' },
|
||
{ source: '中游: 服务支持方', target: '核心投行/券商', value: 'IPO保荐/承销' },
|
||
{ source: '中游: 服务支持方', target: '私募/创投', value: '私有化融资' },
|
||
{ source: '下游: 资本承接方', target: '交易平台(港交所)', value: '主要承接地' },
|
||
{ source: '下游: 资本承接方', target: '投资者(南向资金)', value: '资金来源' },
|
||
],
|
||
categories: [
|
||
{ name: '上游' },
|
||
{ name: '中游' },
|
||
{ name: '下游' }
|
||
],
|
||
lineStyle: {
|
||
opacity: 0.9,
|
||
width: 2,
|
||
curveness: 0
|
||
}
|
||
}
|
||
]
|
||
};
|
||
myChart.setOption(option);
|
||
window.addEventListener('resize', myChart.resize);
|
||
});
|
||
</script>
|
||
</body>
|
||
</html> |