本报记者 肖艳青 当前，中国养猪产业已迈入高质量发展新阶段，端牢百姓"肉盘子"的数量保障已坚实筑牢，产业发展重 心正从"保供给"向"提品质、优价格"稳步迈进，着力实现猪肉"物美价廉"，更好满足千家万户老百姓多 元化、高品质的消费需求。 新春佳节临近，猪肉作为百姓团圆餐桌上不可或缺的"硬菜"，其供应保障的稳定性、品质的可靠性与价 格的平稳性，始终备受社会各界关注，也成为守护新春幸福感的重要民生抓手。 近日，《证券日报》记者深入一线，探访猪肉产业从养殖到消费的全链条，对今年春节期间的供应保障 与市场消费新动向进行了深入调研。 价稳量足消费升级 春节临近，年味渐浓。记者来到河南省中牟县的万邦国际农产品批发市场，这里人流如织、交易繁忙。 "后腿肉多少钱一斤"？在万邦水产冻品区一个冷鲜肉批发摊位前，一位市民正在咨询猪肉价格。他向记 者坦言道，之所以跑这么远过来买肉，主要是因为这里的肉便宜，以五花肉为例，与市区里面的价格相 比，每斤能便宜三四元。 眼镜冷鲜肉批发店的销售人员对记者说："这里销售的猪肉主要来自牧原和双汇，供应充足，每天都有 肉品到货。且猪肉都是批发价，今年的猪肉比去年过年时候价格便宜。" 商超渠道亦是春节猪 ...

Core Viewpoint - Xiamen C&D Inc. (hereinafter referred to as "C&D Inc.") has announced a projected net loss of 5.2 billion to 10 billion yuan for the fiscal year 2025, primarily due to non-cash losses, while its core supply chain operations remain profitable and its global expansion shows significant results [1][2]. Group 1: Financial Performance - The projected loss is mainly attributed to increased inventory impairment provisions at its subsidiary, Lianfa Group Co., Ltd., and losses from fair value changes of investment properties at Red Star Macalline Group [2]. - C&D Inc. had previously accounted for the potential impairments related to Red Star Macalline in its acquisition price, which was approximately 21 billion yuan for 100% equity, with a corresponding net asset value of about 52.8 billion yuan [2]. - Despite the negative apparent profits from Red Star Macalline since Q4 2023, the overall impact on C&D Inc.'s financials remains manageable, with a net cash flow from operating activities of 6.686 billion yuan for the first three quarters of 2025 [2]. Group 2: Strategic Development - C&D Inc. continues to maintain a solid performance in its core supply chain operations, which serve as a stabilizing factor for the company amid financial pressures [4]. - The company has outlined a strategic development plan for its supply chain operations from 2026 to 2030, focusing on high-quality growth and reinforcing its brand positioning as "Chinese-style trading company with global development" [4]. - The company aims to accelerate its internationalization efforts, with a target of achieving an overseas business scale of 14 billion USD (approximately 1 billion yuan) by 2025, reflecting a year-on-year growth rate of 37% [4]. Group 3: Industry Insights - Industry experts believe that the projected loss for 2025 is a superficial impact due to cyclical fluctuations in the industry, and the core operational quality of C&D Inc. remains unchanged [6]. - The steady profitability of the supply chain business and the ongoing deepening of global expansion are expected to lay a solid foundation for the company's long-term development [6].

Core Insights - The investment confidence index for fixed income investments among banking and insurance institutions has decreased compared to the previous year, while the confidence index for equity investments has significantly increased [1] - The optimism in investment confidence is attributed to positive expectations regarding the economy and policies, which may lead to more long-term capital entering the market, supporting stable development in the capital market [1] Group 1: Investment Confidence Indices - In Q1 2026, the macroeconomic confidence index for banking and insurance institutions is 58.08, the fixed income investment confidence index is 51.20, and the equity investment confidence index is 67.55, showing a decline in fixed income confidence and a rise in equity confidence compared to Q1 2025 [1] - For the entire year of 2026, the macroeconomic confidence index is 57.41, the fixed income investment confidence index is 55.63, and the equity investment confidence index is 67.61, indicating a similar trend of declining fixed income confidence and rising equity confidence [3] Group 2: Factors Supporting A-Share Market - The A-share market is supported by three main factors: policy support, increased capital inflow, and corporate earnings growth, with a current liquidity environment remaining ample [2] - The confidence index for corporate earnings in Q1 2026 is 64.80, and for the overall A-share market trend, it is 78.74, indicating strong expectations for market performance [2] Group 3: Structural Opportunities - The market is expected to transition from valuation-driven growth to profit-driven growth, with structural opportunities remaining prevalent throughout the year [4] - The anticipated improvement in corporate earnings and the potential for valuation uplift in A-shares are expected to contribute positively to market indices [4] Group 4: Strategic Asset Allocation - Insurance institutions are adopting a "barbell" strategy in asset allocation, focusing on high-dividend, stable profit stocks as a defensive measure while also investing in high-growth assets [5] - Enhanced risk management practices are being implemented, with stricter monitoring thresholds for equity exposure, industry concentration, and volatility [5]

Core Viewpoint - The brokerage industry is undergoing a significant transformation from traditional brokerage services to wealth management, particularly evident during the pre-Spring Festival period, highlighting a shift in focus towards comprehensive asset allocation and investor education [2][9]. Group 1: Wealth Management Transition - Brokerages are increasingly positioning themselves as "financial stations" rather than mere trading platforms, emphasizing the importance of asset allocation and risk management to retain clients [8]. - The focus on wealth management is reflected in the types of products being promoted, with a preference for low-risk, short-term, and high-liquidity investments, such as cash management and fixed-income products [5][4]. - The shift in client behavior is notable, with investors now prioritizing liquidity over safety and returns, indicating a more rational and pragmatic approach to financial management [5][4]. Group 2: Investor Education and Protection - Investor education has become a key component of brokerage services, with firms implementing comprehensive strategies to protect clients from fraud, particularly during high-risk periods like the Spring Festival [3][4]. - Innovative educational methods, including live broadcasts and short videos, are being utilized to make investor education more relatable and effective [4]. - The emphasis on personalized service, especially for vulnerable groups like the elderly, showcases the industry's commitment to safeguarding clients' financial interests [4][3]. Group 3: Market Demand and Client Engagement - There has been a notable increase in client engagement, with a 30% rise in customer visits to brokerage offices during the week leading up to the Spring Festival, indicating heightened interest in financial products and services [7]. - Brokerages are actively hosting market seminars and personalized consultations to address client needs and enhance service efficiency, resulting in reduced waiting times for clients [7][8]. - The evolving landscape of client expectations is evident, as investors express a desire for more comprehensive financial services rather than just stock trading [9].

本报记者 王僖 矫月 在博杜安（潍坊）动力有限公司（以下简称"博杜安"）的装配车间里，AGV智能搬运机器人驮载零部 件灵活穿梭，自动化机械臂精准吊装庞大的大缸径发动机缸体；在柔性装配线上，工匠们依据型号参 数，对上百种关键零件进行灵活组装与精密调试。 "产线满负荷运行已持续很长时间，从去年下半年至今从未停过。"该车间负责人潘军亮对《证券日报》 记者说。 而潍柴电力设备有限公司的测试区同样机组轰鸣——一台台功率达5兆瓦的数据中心发电机组顺利完成 测试，列队待发，即将奔赴全球各地，成为支撑AI算力稳定的"电力生命线"。 严冬夜晚的山东潍坊，寒意渐浓，而潍柴动力产业园内却热气腾腾。 这一幕幕忙碌而有序的场景，正指向一个深刻的产业变迁：随着人工智能产业爆发式增长，全球数据中 心建设进入高潮，与之配套的高可靠性发电机组需求随之攀升。在这轮由"电力饥渴"驱动的市场机遇 中，潍柴动力股份有限公司（以下简称"潍柴动力"）作为长期与国际巨头同台竞技的动力装备龙头企 业，早已前瞻布局、精准切入，并逐步显现成效。 近日，《证券日报》记者走进潍柴动力，深入探寻这家商用车动力龙头如何精准卡位电力风口，实现 从"发动机制造商"向"能源解 ...

（编辑 袁冠琳） 证券日报网讯 2月13日，数字认证在互动平台回答投资者提问时表示，公司是领先的网络安全解决方案 提供商，面向全国客户提供电子认证服务、网络安全产品、网络安全集成、网络安全服务。公司聚焦主 业，在数字中国建设各个领域积极开拓市场。 ...

Core Viewpoint - Tianyu Co., Ltd. announced the resignation of its Chief Financial Officer, Wang Xiujuan, due to personal reasons, and appointed Wang Chong as the new CFO [1] Group 1 - Wang Xiujuan will no longer hold any position in the company after her resignation [1] - The board of directors approved the appointment of Wang Chong as the new CFO, effective from the date of approval at the 19th meeting of the fifth board of directors [1] - The board also plans to appoint Lu Mengyao as the company's securities affairs representative to assist the board secretary [1]

证券日报网讯 2月13日，创源股份发布公告称，公司董事会于2026年2月13日收到第四届董事会非独立 董事蒋建峰先生提交的书面辞职报告，蒋建峰先生因个人工作调动的原因，特申请辞去公司第四届董事 会非独立董事、副董事长职务，同时一并辞去提名委员会的相关职务，辞去上述职务后，蒋建峰先生将 不再担任公司任何职务。 （编辑 袁冠琳） ...

证券日报网讯 2月13日，罗曼股份发布公告称，公司股票于2026年2月11日、2月12日和2月13日连续三 个交易日内收盘价格涨幅偏离值累计超过20%，根据《上海证券交易所交易规则》的有关规定，属于股 票交易异常波动的情形。经公司自查并向控股股东、实际控制人及其一致行动人书面问询确认，截至本 公告披露日，公司、控股股东、实际控制人及其一致行动人均不存在应披露而未披露的重大信息，包括 但不限于重大资产重组、股份发行、重大交易类事项、业务重组、股份回购、股权激励、破产重整、重 大业务合作等重大事项。 （编辑 袁冠琳） ...

证券日报网讯 2月13日，北路智控发布公告称，公证天业作为公司2025年度审计机构，原委派周缨（项 目合伙人）、韩鹏卓作为签字注册会计师为公司提供审计服务。鉴于原签字注册会计师韩鹏卓工作调 整，公证天业现委派刘颖接替韩鹏卓为公司2025年度审计项目签字注册会计师。变更后签字注册会计师 为周缨、刘颖。 （编辑 袁冠琳） ...