Core Insights - The energy storage industry is transitioning from "scale expansion" to "value reconstruction," driven by the rigid demand from new energy consumption and challenges such as high costs and technological competition [1] - Xiamen Hichain Energy Storage Technology Co., Ltd. aims to reduce the levelized cost of storage (LCOS) to "0.1 yuan" per kWh within five years, focusing on four key areas to build technological and cost barriers [1][2] - Achieving this goal will unlock growth potential in the energy storage industry, moving from "stock competition" to "incremental innovation" [1] Cost Reduction Strategies - The entry of storage cost to the "0.1 yuan" era is a result of collaborative innovation across the entire supply chain, including cell technology, systems, manufacturing, and services [2] - The development of ultra-large cells is crucial for economic viability, with Hichain's 1300Ah cells reducing component count by over 30% and cutting costs of key components by more than 50% compared to smaller cells [3] - Long-duration energy storage systems enhance efficiency through innovative designs and AI algorithms, potentially saving nearly 40 million yuan in electricity costs over a 25-year lifespan [3] - Extreme intelligent manufacturing supports cost control, with Hichain's production capacity increasing to 15GWh per line and reducing manufacturing costs by 45% [4] Value Creation and Market Expansion - Hichain has transitioned from a device provider to an integrated solution provider, offering comprehensive services from project planning to operation, addressing key deployment challenges [4] - The storage market could expand from hundreds of GWh to 150TWh if costs drop to 0.1 yuan, allowing companies to focus on innovation rather than price competition [5] - Long-duration storage solutions are key to breaking the cycle of price competition, transforming energy storage into a core hub for renewable energy consumption [5] Technological and Global Strategy - Phosphate lithium batteries will remain dominant in the next five years, while lithium-sodium collaboration will become common in ten years, with Hichain's sodium-ion batteries complementing lithium batteries in extreme environments [6] - Hichain's Texas factory has begun local production, with Europe and Australia identified as key markets for competitive advantage through localized service networks [7] - The company's strategy for the "0.1 yuan era" aims to accelerate the replacement of traditional energy with renewable energy, emphasizing technological innovation as a key driver for industry transformation [7]

城市房地产融资协调机制是促进房地产市场平稳健康发展、防范化解重点领域风险的重要抓手。近段时 间以来，北京、广东、四川等多地公布城市房地产融资协调机制运行情况。 甘肃金融监管局于1月份联合甘肃省住房和城乡建设厅召开专题会议，指导银行机构做好"白名单"接续 工作，确保政策落实落细；对2027年底前到期的存量"白名单"项目进行全面摸底，打好提前量。 广西金融监管局1月份召开的2026年监管工作会议暨全面从严治党工作会议要求，推动城市房地产融资 协调机制常态化运行，推动"白名单"项目扩围增效和贷款接续，助力房地产市场平稳健康发展。 李宇嘉表示，为进一步发挥好城市房地产融资协调机制的作用，未来各地应强化项目推送和反馈机制， 对因企业原因导致的出险项目，应强化企业及实控人主体责任，通过追回资金、转让资产或股权等方 式，让非合格项目转化为合格项目。 广东省住房政策研究中心首席研究员李宇嘉在接受《证券日报》记者采访时分析称，通过城市房地产融 资协调机制，政银企之间建立了良好沟通渠道，推动房地产项目更加合规，解决项目融资难问题，防范 风险无序扩散。总的来说，"白名单"制度在保障合理融资以及保障项目交付、业主权益方面均发挥了巨 ...

花田间，花农采花也正忙，丽江现代花卉产业园田间组组长和月华告诉记者："我每天差不多要摘2000 多枝花。马上就是春节假期了，近期田间的工作比较忙碌，很多人都过来买花。" 值得一提的是，马蹄莲因其花形似马蹄而得名，意外成为马年花市中的"黑马"。"今年是马年，马蹄莲 的销量比往年增长了40%。"丽江现代花卉产业园指导员王晓对《证券日报》记者表示。 2月12日，《证券日报》记者在云南昆明斗南花市目睹了一幅五彩花海与游人相互交织的热烈绚丽画 卷。 在新春节日消费的带动下，被誉为"亚洲花都"的云南昆明斗南花卉市场迎来年宵花销售热潮。昆明国际 花卉拍卖交易中心(以下简称"昆明花拍中心")数据显示，2月6日至8日高峰时期，该地日交易总量达650 万枝左右。在高交易量背后，智能设备的加持，让鲜花产量提升、物流加速，助力花市繁盛。 昆明花拍中心拍卖部部长李知骏表示："正值鲜花出货高峰，整体行情呈上涨趋势，'好花好价'优势在 售卖过程中进一步凸显。除了日常热销的玫瑰，冬青、百合、蜡梅、蝴蝶兰、大花蕙兰等年宵花也受到 消费者青睐。" 斗南花市交易大厅里，数千个摊位前人流如织。多位花商告诉《证券日报》记者，现在的客流量已达到 平日的 ...

■李文 以沃飞长空的融资历程为例，该公司已完成五轮融资，每一轮均有清晰的功能定位。这体现出一种逐渐 标准化的融资节奏：初创期依靠风险投资验证技术路线，成长期借助产业资本打通应用场景，Pre-IPO 阶段由券商系资本提供资源赋能，上市后则通过二级市场融资支撑研发迭代。在企业不同成长阶段，金 融机构各司其职，"接力"完成对科技创新的长周期陪伴。与此同时，商业银行与保险等金融机构也在加 快适配性工具创新。知识产权质押贷款、科技研发损失保险、专利执行保险等产品逐步落地，为高研发 投入的科技企业提供更多元的信用支撑。 从财务跟投到战略共担，金融机构的角色不再止步于资本供给，而是深度嵌入创新内核，成为驱动技术 产业化的重要力量。这一角色的确立，将帮助新兴科技企业在关键成长期获得长期、稳定、有温度的资 本陪伴。随着耐心资本矩阵持续完善，一个资本与科技双向赋能、共生共荣的创新生态正加速形成。 第一，资本市场已初步形成支持科技创新的新生态。人形机器人企业密集启动IPO，最直接的制度驱动 力来自2025年6月份证监会推出的科创板"1+6"改革举措。该政策明确支持人工智能、商业航天、低空经 济等领域企业以第五套标准上市，为未盈利硬 ...

具体来看，在2025年全国可再生能源发电新增装机中，水电新增1215万千瓦，风电新增1.2亿千瓦，太 阳能发电新增3.18亿千瓦，生物质发电新增151万千瓦。截至2025年底，全国可再生能源装机总量达23.4 亿千瓦，同比增长24%，约占全国电力总装机的60%。 可再生能源装机规模再创新高的同时，可再生能源发电量亦持续增长，且绿色低碳发展提速。数据显 示，2025年，全国可再生能源发电量3.99万亿千瓦时，同比增长15%，约占全部发电量的38%，超过同 期第三产业用电量(19942亿千瓦时)与城乡居民生活用电量(15880亿千瓦时)之和。2025年，全国新增可 再生能源发电量5193亿千瓦时，已经覆盖全社会用电增量(5161亿千瓦时)。目前，全社会用电量中每10 度电有近4度是绿电，全社会用电增量全部由可再生能源新增发电量提供。 国家能源局有关负责人表示，"十四五"以来，我国以风光为代表的新能源发展速度前所未有，累计装机 规模达到2020年底的3.4倍，转型贡献日益突出，电量占比累计提升12个百分点以上，圆满完成"十四 五"规划各项目标任务，实现了大规模、高比例跃升式发展，为2030年前如期实现碳达峰和203 ...

（文章来源：证券日报） 证券日报网讯 2月12日，悦心健康在互动平台回答投资者提问时表示，截至2月10日，股东总户数48871 户。 ...

Core Viewpoint - The company emphasizes a "technology-first, customer-first" business philosophy, focusing on continuous investment in fundamental technology research to maintain technological leadership [2] Group 1: Product Development - In the field of electromagnetic functional coatings, the company is enhancing core raw material preparation to solidify its foundation and rapidly optimize product iterations, expanding product range and application scenarios [2] - In the electromagnetic functional structural components sector, the company is strengthening technology research to meet the significant demand for enhanced performance in high-end weaponry, continuously launching new types of electromagnetic functional structural components [2] - In the electromagnetic maintenance products area, the company is actively developing maintenance products suitable for various environmental needs, creating a comprehensive series of electromagnetic maintenance products [2] Group 2: Technological Advancements - The company is enhancing its integrated design capabilities for the next-generation electromagnetic wave anechoic chamber, having developed key absorbing materials and system integration design capabilities, with significant technical advantages in low-frequency performance, service life, and operational costs [2] Group 3: Talent Development - The company places a strong emphasis on talent acquisition and development, establishing a talent recruitment and training mechanism aligned with its growth needs, and has formed a competitive team in the domestic EMMS field [2] - The company has successfully nurtured national-level young talents and several provincial and municipal-level young talents through partnerships with well-known domestic universities [2]

Core Viewpoint - Yabao Chemical announced its total external guarantee amount is RMB 137,375 million, which accounts for 68.45% of the company's latest audited net assets [2] Group 1: External Guarantees - The cumulative external guarantee amount (total amount of signed and effective guarantee agreements) is RMB 137,375 million [2] - The cumulative balance of external guarantees provided (loans secured by the company) is RMB 72,521.97 million, representing 36.14% of the company's latest audited net assets [2] - All guarantees are provided for subsidiaries within the consolidated financial statements, with no overdue guarantees or litigation-related guarantees [2] Group 2: Compliance and Risk - The company and its subsidiaries do not have any violations regarding guarantees or other guarantees for entities outside the consolidated financial statements [2]

证券日报网讯 2月12日，润欣科技在互动平台回答投资者提问时表示，截至2026年2月10日，公司股东 人数为70798户。 （文章来源：证券日报） ...

（文章来源：证券日报） 证券日报网讯 2月12日，中瓷电子在互动平台回答投资者提问时表示，目前子公司国联万众6英寸碳化 硅MOS工艺线产能利用率维持在较高水平，正在通过购买设备扩充产能。8英寸碳化硅MOS线已经达到 量产状态，目前在给用户导出产品，逐步释放产能。公司目前未作提价计划，产品价格可能随行业整体 形式微调。 ...