1月21日，市场监管总局召开专题新闻发布会，公布2025年综合整治"内卷式"竞争十大典型案例，系统 展现监管部门在打击违法违规行为、维护公平竞争秩序、促进行业高质量发展方面的实践与成效。 2025年，各级市场监管部门审查政策措施5.8万件，修改调整1万余件，从源头防止出台妨碍统一市场和 公平竞争的政策措施。组织开展整治滥用行政权力排除、限制竞争专项行动，立案调查96件、办结75 件，有力制止了不当干预竞争行为。 此外，广告合规助企专项行动引导经营主体增强合规意识，以优质广告打造品牌，推动企业走出"内卷 式"竞争，保持广告监测违法率低位运行。强化产品一致性管理，防范企业通过降低零部件标准、简化 工序等手段规避认证要求，杜绝低价低质产品流入市场。公平竞争审查工作持续发力，2025年全年审查 政策措施5.8万件，抽查1万余件并督促整改，纠治不当市场干预行为，维护统一市场环境。 市场监管总局竞争协调司副司长赵春雷指出，这些案例体现三大特点，"注重事前预防、注重刚柔并 济、注重协同治理"，通过多元手段构建良性竞争生态。 多措并举筑牢公平竞争防线 针对货拉拉约谈整治情况，市场监管总局反垄断一司副司长刘健介绍，经核查，货拉 ...

人民财讯1月21日电，曲江文旅（600706）1月21日公告，预计2025年年度实现归属于母公司所有者的净 利润约亏损1.3亿元—1.65亿元。报告期内，公司传统景区门票销售收入、传统餐饮收入下降。 ...

人民财讯1月21日电，苏农银行（603323）1月21日发布2025年业绩快报，2025年实现营业收入41.91亿 元，同比增长0.41%；归属于母公司股东的净利润20.43亿元，同比增长5.04%。截至2025年末，总资产 2311.03亿元，较年初增长8.00%；不良贷款率0.88%，较年初下降0.02个百分点。 ...

Group 1 - The core viewpoint of the news is that 中金普洛斯REIT has shown strong financial performance in Q4 2025, with total revenue of approximately 105 million yuan and a distributable amount of about 86.65 million yuan [1] - In Q4 2025, 中金普洛斯REIT achieved rental and property management service income of around 104 million yuan, with an EBITDA profit margin of 64.79% after excluding fair value changes [1] - The overall occupancy rate of 中金普洛斯REIT projects reached approximately 90% by the end of the reporting period, an increase of 3.17 percentage points year-on-year, with seven logistics parks exceeding a 92% occupancy rate [1] Group 2 - In 2025, the public REITs market in China transitioned from "quality improvement and expansion" to "normalization of issuance," with a total market value exceeding 200 billion yuan [2] - 中金普洛斯REIT is one of the first public REITs in China to feature both "initial issuance and expansion," and it is the first logistics REIT listed on the Shanghai Stock Exchange, holding 10 logistics parks with a total construction area of nearly 1.16 million square meters [2] - The logistics parks of 中金普洛斯REIT cover seven logistics hubs across five major economic zones, serving over 70 new economy enterprise clients [2]

Core Viewpoint - The company demonstrates strong confidence in its business operations, particularly in the fields of narcotic drugs and elderly care services, as discussed during a recent offline research meeting with institutional investors. Group 1: Narcotic Drug Development - The company has established a comprehensive product cluster in the narcotic pain relief sector, with a focus on the oxycodone series, which includes both raw materials and formulations [2] - The company is the only domestic pharmaceutical enterprise with an integrated advantage in oxycodone raw material and formulation, supported by 100% self-supply of raw materials and strong cost control [2] - The company disclosed that its oxycodone sustained-release tablets are in the registration review stage, with expected approvals in Q4 2026 for the 40mg version and Q3 2027 for the 10mg version [3] - The company emphasizes a unique self-operated model for promoting oxycodone sustained-release tablets, focusing on academic-driven strategies and digital penetration to enhance market coverage [3] - In the ADHD medication sector, the company utilizes a resin-controlled release microsphere technology to improve dosing precision and enhance efficacy and safety for children [3] Group 2: Elderly Care Business Optimization - The company has made significant progress in optimizing its elderly care business model, focusing on cost reduction and efficiency improvements [4] - The Nalan Garden elderly care project has implemented a three-dimensional pricing model to enhance profit contributions per bed while improving service quality and client structure [4] - The company plans to maintain high occupancy rates in community elderly care services while refining management and service quality [4] - The Taihe Ruiyuan project will launch a "trial stay experience" initiative to address the challenges of high turnover rates among elderly residents, enhancing brand promotion and occupancy conversion [5] - The company aims to adapt to changes in centralized procurement policies by focusing on differentiated products and comprehensive value competition strategies [5]

1月21日，市场公开信息显示，万科一笔余额11亿元的"21万科02"债券，展期1年方案获得通过。在业内 人士看来，这是万科本轮多笔债券展期谈判中首个成功落地的方案，标志着其在流动性危机中争取到宝 贵喘息空间。此外，随着部分头部房企化债工作出现实质性进展，进入2026年以来房地产市场在"稳预 期"的政策信号中实现良好开局。 刚刚过去的2025年对于许多房企而言是解决问题的一年。其中，融创率先宣布完成境外债务重组，公司 约96亿美元的现有债务已获全面解除及免除，重组生效日期为2025年12月23日。另据碧桂园官方信息， 去年12月碧桂园最后一笔境内债券的重组方案，也通过了债券持有人会议的审议。这意味着，碧桂园9 笔境内债券、规模约137.7亿元的境内债务重组方案也已全部通过。 此外，中指研究院监测的截至2025年11月份房地产行业融资数据显示，当月房企债券融资总额为620.4 亿元，同比增长28.5%。2025年1至11月，房企债券融资总额为5502.8亿元，同比增加10.5%。此外，中 指研究院认为，2026年将更强调进一步发挥房地产项目"白名单"制度作用，支持房地产企业合理融资需 求，预期2026年针对房企的 ...

人民财讯1月21日电，恒帅股份（300969）1月21日公告，公司实控人俞国梅计划以集中竞价和大宗交易 方式减持公司股份不超过242万股(占公司总股本的2.16%)；其一致行动人宁波玉米计划以集中竞价交易 方式减持公司股份不超过75.48万股(占公司总股本的0.67%)。上述减持主体合计减持股份不超2.83%。 ...

Economic Overview - In 2025, Sichuan's GDP is projected to reach 67,665.34 billion yuan, reflecting a 5.5% increase from the previous year [1] - The primary industry is expected to contribute 5,751.35 billion yuan, growing by 3.7%; the secondary industry is projected at 23,260.22 billion yuan, with a growth of 4.9%; and the tertiary industry is anticipated to reach 38,653.77 billion yuan, growing by 6.1% [1] Agricultural Production - Sichuan's total grain output for 2025 is estimated at 36,625 million tons, a 0.8% increase year-on-year [2] - The province expects to see 62.48 million pigs and 3.01 million cattle slaughtered, with increases of 1.6% and 1.1% respectively; however, sheep output is projected to decline by 15.2% [2] Industrial Performance - The industrial output value for Sichuan is expected to grow by 6.5% in 2025, with a product sales rate of 96.1% among large-scale industrial enterprises [2] - Notable growth in specific sectors includes automotive manufacturing (16.7%), electrical machinery (13.2%), and computer and electronic equipment (12.9%) [2] High-Tech Industry Growth - The added value of high-tech manufacturing is projected to increase by 12.3%, with significant contributions from electronics and communication equipment (20.2%) and aerospace manufacturing (19%) [3] - Large-scale industrial enterprises are expected to achieve revenues of 44,275.2 billion yuan, a 2.6% increase, and total profits of 3,005 billion yuan, growing by 3.1% [3] Consumer Market Trends - The total retail sales of consumer goods are projected to reach 29,135.4 billion yuan, reflecting a 5.1% increase [3] - The restaurant sector is expected to generate 4,026.7 billion yuan, growing by 3.7%, while retail sales of goods are anticipated to increase by 5.4% [3] Policy Impact - Sichuan has implemented various policies to stimulate economic recovery, including the "21 measures" and "18 measures" aimed at enhancing economic momentum [3] - The "trade-in" policy has significantly boosted sales in related sectors, with communication equipment retail sales increasing by 50.8% and new energy vehicle sales rising by 42.9% [3] Investment Trends - Fixed asset investment (excluding rural households) is projected to decline by 2.4%, with the primary industry seeing a 6.8% increase, while the tertiary sector is expected to decrease by 6.8% [4] - Real estate development investment is anticipated to drop by 8.5%, with a significant decline in new housing sales and construction area [4] Private Investment Dynamics - Private investment in Sichuan has shown resilience, growing by 2.1% in 2025, reversing a two-year decline [5] - The growth rate of private project investment is expected to reach 9%, indicating a narrowing decline in real estate development investment [5]

（文章来源：证券时报网） 2022年度至2025年1-6月，爱舍伦主营业务收入分别为5.72亿元、5.72亿元、6.89亿元及4.36亿元，最近 三年收入复合增长率为9.73%，收入稳步增长。公司主营业务收入主要来源于境外销售。报告期各期， 公司境外销售收入分别为5.2亿元、5.39亿元、6.52亿元和4.21亿元，占当期主营业务收入比例分别为 90.99%、94.25%、94.71%和96.54%，境外销售收入占比较高，公司产品主要销往美国、欧洲、韩国等 国家和地区。 结合目前的订单情况、经营状况以及市场环境，爱舍伦预计2025年度营业收入约为8.90亿元至9.40亿 元，同比增长幅度约为28.65%至35.89%，主要系下游需求增加及公司产能扩大，公司业务规模扩大； 归属于母公司所有者的净利润约为8929.26万至9847.74万元，同比增长幅度约为10.63%—22.01%;归属于 母公司所有者的扣除非经常性损益后的净利润约为8610.78至9529.27万元，同比增长幅度约为19.37%至 32.11%。 通过此次成功发行及募投项目的陆续实施，爱舍伦将进一步提升现有产品产能，加大新型医用耗材研发 投入 ...

人民财讯1月21日电，中共苏州市委关于制定苏州市国民经济和社会发展第十五个五年规划的建议发 布，其中提到，加快推进沪苏(州)同城化发展。主动服务上海发挥龙头作用，深度融入上海"五个中 心"建设和上海大都市圈发展。推动科创平台合作、创新资源共享，增强上海—苏州科技创新集群的国 际竞争力。协同打造集成电路、人工智能、生物医药、汽车、大飞机等世界级高端产业集群。共同推动 虹桥国际开放枢纽提质扩围，积极对接上海东方枢纽国际商务合作区，进一步推动投资贸易自由化与便 利化。强化交通基础设施互联互通、公共服务共建共享、生态环境共保联治。推动完善同城化发展体制 机制。 ...