"大牛股"天普股份（605255）高管变动被问询。 此外，公司原董事高管团队部分成员仍在天普股份及其子公司任职，可有效保障公司的持续、稳定经营，保证公司在管理层面的连续性。相关安排有利于 上市公司主营业务发展，符合上市公司利益。 中昊芯英已进入股改阶段 近期，天普股份股价剧烈波动。1月16日，天普股份盘中一度跌停，尾盘拉升，收盘跌幅为6.88%。 高管调整被问询 上交所问询函提到，前期天普股份多次披露公告称，中昊芯英没有在未来12个月内改变上市公司主营业务或者对上市公司主营业务做出重大调整的明确计 划，无资产注入计划。 但公司此次当选相关人员除总经理范建海外，均无天普股份原有汽车零部件业务相关履历。请相关方充分说明本次换届涉及人员安排的主要考虑，对上市 公司原有业务的经营管理规划，相关人员是否具备任职能力。 天普股份1月16日回应称，鉴于天普股份的实际控制人已变更为杨龚轶凡，为保障公司治理结构稳定、实现控制权平稳过渡，对董事会人员进行换届选 举。 公司新一届高级管理人员团队具备多元化背景，范建海在汽车零部件行业深耕二十余年，具备丰富的专业经验，具有持续管理运营上市公司的能力。同 时，公司引入两位专业人士陈捷闻 ...

人民财讯1月17日电，本周(1月12日—1月16日)共有115家上市公司接受机构调研。从赚钱效应看，超六 成机构调研股本周股价上涨，其中帝科股份（300842）累计涨43.13%；利欧股份（002131）涨 39.41%；世嘉科技（002796）实现2连板，涨32.39%；石基信息（002153）、钧达股份（002865）、合 合信息、海天瑞声等涨超20%。 ...

Group 1 - Recent star companies in technology, consumer, and high-end manufacturing sectors are driving market momentum, enhancing the linkage between capital markets in both regions [1] - Notable A-share companies are making significant progress in their listings in Hong Kong, including Longqi Technology, which is currently in the process of going public and has attracted investments from major institutions [2] - Dongpeng Beverage has successfully passed the listing hearing in Hong Kong and has maintained a leading market share in China's functional beverage market, increasing from 15% in 2021 to 26.3% in 2024 [2] Group 2 - The AH premium index has shown slight fluctuations, reflecting a recent increase in A-share performance compared to H-shares, with the index reported at 120.43 points as of January 16, up from 115.44 points at the end of the previous year [6] - The recent trend of A-share companies listing in Hong Kong has led to a decrease in the AH premium index, as high-quality A-share companies enhance liquidity in the Hong Kong market [6] - Currently, there are 37 companies with an AH premium exceeding 100%, with Zhejiang Shibao leading at a premium rate of 360.30% [7] Group 3 - Multiple factors are contributing to the current trend of A-share companies listing in Hong Kong, including a stronger A-share market driven by high-tech sectors, while the Hong Kong market remains influenced by traditional sectors [8] - The liquidity situation in the A-share market, supported by long-term capital allocations and individual investors leveraging, contrasts with the Hong Kong market, which is affected by external risk preferences [8] - The Hong Kong IPO market is expected to remain active in 2026, with a significant number of companies in the pipeline, including 105 A-share projects [9]

2025年，面对复杂多变的国内外形势和市场环境，北方稀土带头践行国家产业政策，遵循发展战略规 划，紧抓市场变化节奏，紧盯全年生产经营任务目标，强化全面预算管理，深化对标提升及降本提质增 效。 1月16日晚，北方稀土（600111）披露业绩预告，公司预计2025年度实现归母净利润21.76亿元到23.56亿 元，同比增加116.67%到134.60%；预计2025年扣非后净利润19.6亿元到21.4亿元，同比增加117.46%到 137.43%。 北方稀土是我国最早建立并发展壮大的国有控股稀土企业。经过多年发展，公司已成为全球最大的稀土 企业集团和稀土产业基地，在我国稀土行业有着重要影响力。 去年以来，国内市场稀土价格出现修复。据中国稀土（000831）行业协会整理的数据，2025年1至12月 多数稀土价格均出现上涨，比如在轻稀土中氧化钕均价为50.87万元/吨，同比上涨27.4%；金属钕均价 为62.58万元/吨，同比上涨27%。再如在重稀土中，99.99%氧化铽均价为673.87万元/吨，同比上涨 17.2%；金属铽均价为835.91万元/吨，同比上涨16.5%。 科研创新赋能方面，北方稀土不断加大科技创新 ...

Core Viewpoint - Company expects significant profit growth in 2025, driven by strong demand in the AI industry and increased shipments of interconnect chips [1][2] Group 1: Financial Performance - Company anticipates a net profit of 2.15 billion to 2.35 billion yuan for 2025, representing a year-on-year growth of 52.29% to 66.46% [1] - The expected non-GAAP net profit is projected to be between 1.92 billion and 2.12 billion yuan, reflecting a growth of 53.81% to 69.83% compared to the previous year [1] Group 2: Industry Trends - AI is expected to continue driving growth in storage demand, with DDR5 memory interfaces gaining traction and contributing to higher average selling prices and gross margins for the company's products [2] - The penetration rate of DDR5 memory interface chips has significantly increased since 2025, with sales of the third generation RCD chips surpassing those of the second generation for the first time [2] - The company is a leading figure in setting international standards for DDR5 RCD chips, maintaining its industry leadership in memory interconnect chips [2] Group 3: Product Development - New interconnect chip products, including PCIe Retimer, MRCD/MDB, CKD, and MXC chips, are gaining recognition from end customers, which is expected to positively impact the company's performance [2] - Discussions on DDR6 standards are ongoing, with expectations that DDR6 memory modules will require more complex interconnect chips, potentially expanding the market size for memory interconnect chips [2]

Core Viewpoint - The Ministry of Industry and Information Technology, along with five other departments, has issued the "Interim Measures for the Management of Recycling and Comprehensive Utilization of Waste Power Batteries for New Energy Vehicles," which will take effect on April 1, 2026, aiming to establish a regulated and efficient recycling system for waste power batteries to support the high-quality development of the new energy vehicle industry [1][2]. Group 1: Regulatory Framework - The new management measures are a significant step in implementing the "Action Plan for Improving the Recycling and Utilization System of Power Batteries for New Energy Vehicles" [3]. - The measures emphasize a comprehensive supervision system to address the complexities and challenges in the recycling process, including the management of various sources of waste power batteries [4]. Group 2: Industry Development - The new energy vehicle industry in China is expected to see production and sales reach 16.626 million and 16.49 million units respectively by 2025, marking a year-on-year growth of 29% and 28.2%, with new energy vehicles accounting for 47.9% of total new car sales [2]. - The country is projected to enter a large-scale "retirement" phase for power batteries, with an estimated waste battery generation of over 1 million tons by 2030 [2]. Group 3: Recycling and Utilization - By 2025, the comprehensive utilization of waste power batteries in China is expected to exceed 400,000 tons, reflecting a year-on-year increase of 32.9%, with leading companies achieving international advanced levels in the recovery rates of lithium, cobalt, and nickel [2]. - The management measures will establish a nationwide information platform for tracking waste power batteries, including a digital identity system for batteries to enhance monitoring throughout their lifecycle [4]. Group 4: Quality and Safety Standards - The management measures will no longer use the concept of "cascade utilization," which has led to quality inconsistencies in recycled battery products, emphasizing that all battery products must meet quality standards for their intended applications [6]. - Violations of the new regulations regarding the recycling and utilization of waste batteries will result in administrative penalties, reinforcing the regulatory framework [4][6].

Group 1 - The core point of the news is the launch of CIMC Enric's 50,000-ton green methanol project in Zhanjiang, Guangdong, marking it as the first large-scale production project of biomass methanol in China, amidst a growing interest in the green methanol sector [1] - The green methanol market is characterized by high prices and profits but low production rates, with production costs around 4,000 RMB per ton and selling prices reaching 1,000 USD per ton, indicating a significant profit margin that has not yet translated into widespread production [2] - The production of green methanol primarily relies on two main routes: biomass methanol and green hydrogen coupled with carbon dioxide, each facing distinct challenges in development [2][5] Group 2 - Biomass methanol production is currently the mainstream direction in the industry, with CIMC Enric adopting a pressurized circulating fluidized bed route, which is advantageous due to its compatibility with the complex composition of biomass [2][3] - The project has achieved stable production, overcoming common issues such as equipment blockage due to impurities in biomass, which has historically hindered similar projects [3] - The supply chain for biomass raw materials is a significant challenge, with CIMC Enric implementing a strategy of diversified sourcing and standardized processing to ensure stable supply and improve gasification stability [4] Group 3 - The green hydrogen route for methanol production is seen as a future trend for carbon reduction, but it currently faces high costs and challenges in storage and transportation, limiting its immediate application [5][6] - The demand for green methanol is primarily driven by international markets, particularly in Europe, where strict carbon tax policies are pushing for decarbonization in shipping [8] - The global fleet of methanol-powered ships is expected to grow significantly, with projections indicating a demand of 7 million tons by 2026 and over 14 million tons by 2030, highlighting the market potential for green methanol [9][10] Group 4 - China's green methanol market is still in its infancy, with projected production capacity increasing from 5.5 million tons in 2024 to 33.8 million tons by the end of 2025, as the number of production units expands from 2 to 9 [9][10] - Despite the rapid construction of green methanol facilities in China, the industry faces challenges such as initial technology maturity, stable raw material supply, and market demand, which may keep the average operating rate low in the early stages [10]

Market Overview - The A-share market experienced a high and then a pullback, with the Shanghai Composite Index barely holding above 4100 points, while major indices like the Shenzhen Component and Northbound 50 closed with small gains but long upper shadows [1] - The market saw active trading, with daily trading volumes frequently hitting historical highs, and weekly trading volume reaching a record 17 trillion yuan [1] Fund Flows - Significant inflows of leveraged funds continued despite market adjustments, with net financing purchases exceeding 91.3 billion yuan for the week, marking a five-month high, and the financing balance reaching 2.7 trillion yuan, setting a new record for nine consecutive days [2] - The computer industry attracted over 12.3 billion yuan in net financing purchases, while electronics and telecommunications received 10.3 billion yuan and over 9 billion yuan, respectively [2] - Major sectors like defense and non-bank financials saw net outflows of over 24.3 billion yuan and 10.8 billion yuan, respectively [2] Chip Sector - The chip sector saw multiple instances of end-of-day buying, with the sector index hitting historical highs in 7 out of the last 10 trading days [3] - Companies like *ST Chengchang and Liou Co. experienced significant price increases, with *ST Chengchang hitting 128.98 yuan per share, the highest price for any ST stock [3] - Reports indicate that major chip manufacturers AMD and Intel have sold out their server CPU production for the year, leading to planned price increases of 10%-15% [3] Power Industry Outlook - The power equipment sector has shown strong performance, with indices for ultra-high voltage, grid equipment, smart grids, and energy storage reaching historical highs [4] - The State Grid announced a fixed asset investment of 4 trillion yuan for the 14th Five-Year Plan, a 40% increase from the previous plan, focusing on technological innovation and new power system construction [4] - Goldman Sachs predicts that investments in global digital infrastructure and energy systems driven by AI could reach 5 trillion dollars over the next decade, with power grid equipment being a primary beneficiary [4]

Core Viewpoint - The Ministry of Finance and the State Taxation Administration announced the extension of tax incentives for public rental housing until December 31, 2027, to support the construction and operation of public rental housing [1] Tax Incentives Summary - Exemption from urban land use tax during the construction period and after completion for public rental housing [1] - Exemption from stamp duty for public rental housing management units related to construction and management [1] - Exemption from deed tax and stamp duty for public rental housing purchased by management units [1] - Exemption from stamp duty for both parties involved in the rental agreement of public rental housing [1] - Exemption from land value-added tax for organizations transferring old houses as public rental housing, provided the appreciation does not exceed 20% of the deductible amount [1] - Exemption from personal income tax for housing rental subsidies received by eligible urban housing security families from local governments [1] - Exemption from property tax for public rental housing [1] - Exemption from value-added tax on rental income obtained from operating public rental housing [1] Market Support Summary - The announcement reflects a continued commitment to support the real estate market despite the national fiscal work meeting's emphasis on standardizing tax incentives [1] - The extension of these tax policies indicates a sustained effort to stabilize the real estate market, aligning with the central economic work meeting's focus on stabilizing the housing market [1]

（文章来源：证券时报） （据新华社电） ...