Core Viewpoint - Changan Automobile and CATL have jointly launched the world's first sodium-ion battery mass-produced passenger vehicle, showcasing the resilience of diverse supply in the electric vehicle sector [2][3] Industry Summary - The rapid development of the new energy vehicle and energy storage industries has led to a surge in demand for lithium batteries, driving up lithium carbonate prices and prompting battery manufacturers to explore sodium resources [2][3] - CATL's sodium battery has a maximum energy density of 175Wh/kg, with pure electric range capabilities of up to 500km or even 600km [2][3] - In extreme cold conditions, the sodium battery vehicle demonstrates significant performance advantages, with nearly three times the discharge power compared to conventional lithium iron phosphate models at -30°C, over 90% capacity retention at -40°C, and stable discharge at -50°C [2][3] Technology Insights - Sodium batteries complement rather than simply replace lithium batteries, offering excellent low-temperature performance and fast charging/discharging capabilities [3] - The lower cost of sodium batteries presents vast application prospects in energy storage and other cost-sensitive areas [3] - The integration of sodium and lithium batteries in the same system can meet diverse needs for fast charging, low-temperature performance, long range, and cost efficiency [3] Investment Strategy - The sodium-ion battery industry is growing, with costs expected to decline as production scales up, enhancing its cost advantage amid rising lithium prices [4] - Sodium-ion batteries are suitable for various applications, including energy storage, light electric vehicles, backup power for data centers, and automotive starting power [4] - Companies leading in sodium-ion battery technology and production, such as CATL, Chuan Yi Technology, and Huayang Co., are recommended for investment [4] Market Review - The electric power equipment industry experienced a weekly increase of 2.20%, ranking third among 31 primary industries [5] - The electric power equipment sector outperformed the CSI 300 index, while major indices like the Shanghai Composite and CSI 300 saw declines of -1.3% [6]

Group 1 - The core viewpoint of the news is that the semiconductor industry is experiencing significant growth, with global sales expected to reach $788.8 billion by December 2025, marking a year-on-year increase of 37.1% and a quarter-on-quarter increase of 2.7% [1][4] - China's semiconductor sales are projected to be $212.9 billion in December 2025, reflecting a year-on-year growth of 34.1% and a quarter-on-quarter growth of 3.8% [1][4] - The DRAM market is showing strong price increases, with contract prices in December and spot prices in January continuing to rise, and TrendForce forecasts a 144% increase in DRAM revenue to $404.3 billion by 2026 [1][6] Group 2 - The SW semiconductor index rose by 18.04% in January 2026, outperforming the electronic industry by 7.53 percentage points and the CSI 300 index by 16.39 percentage points [2] - The semiconductor sub-industries that performed well include integrated circuit packaging and testing (+32.58%), discrete devices (+20.75%), and semiconductor materials (+19.50%) [2] - As of January 31, 2026, the SW semiconductor index's price-to-earnings ratio (TTM) is 119.15x, positioned at the 91.62 percentile since 2019, indicating a relatively high valuation [2] Group 3 - In Q4 2025, active funds had a semiconductor heavy holding ratio of 11.66%, which is an overweight of 5.6 percentage points compared to the semiconductor market capitalization [3] - The top twenty heavy holdings included new entries such as Baiwei Storage and Changchuan Technology, while some companies like Chipone and Rockchip were replaced [3] - Companies like Zhongke Feimeng and Cambrian saw significant increases in their shareholding ratios, while others like Huahong and Yujie Technology experienced declines [3] Group 4 - The investment strategy suggests that storage prices remain strong, and the analog chip sector is entering an upward cycle, with TSMC expecting nearly 30% revenue growth in 2026 [5] - The report highlights the importance of the AI-driven demand for power-related ICs, predicting an increase in the average utilization rate of global 8-inch capacity to 85-90% by 2026 [5] - Companies in the storage supply chain such as Jiangbolong and Demingli are recommended for investment due to the expected growth in DRAM and NAND Flash revenues [6]

来源：每日经济新闻 2月11日，香港证监会发布一揽子新规，允许持牌虚拟资产经纪向证券保证金客户提供虚拟资产融资服 务，前提是须具备足够的抵押品及设有稳健的投资者保障。 同时，香港证监会首次为持牌虚拟资产交易平台制定了一套高层次框架，以指导它们开发仅供专业投资 者参与并属杠杆式产品的永续合约。 这是香港证监会继2025年2月发布对虚拟资产市场的监管路线图"ASPIRe"后，在数字资产领域实施的又 一轮制度补位。 在同日举行的Consensus香港大会2026上，香港证监会中介机构部执行董事叶志衡表示，香港数字资产 的发展已进入关键阶段，"（香港证监会）今年的工作重点在于提升市场流动性，战略性地扩大市场参 与并鼓励负责任的产品创新，以增加市场深度，完善价格发现机制，并提升投资者信心。" 锚定证券框架，抵押品限比特币和以太币 根据香港证监会发布的通函，香港证监会正式废除了此前关于"持牌法团或注册机构不得向客户提供任 何财务通融以让他们购买虚拟资产"的禁令，而是将允许从事证券保证金融资的虚拟资产经纪，在有充 足的证券抵押品及若干限定虚拟资产抵押品用作缓减信贷风险的情况下，就虚拟资产交易向保证金客户 提供信贷。 但此次 ...

2月11日,国网晋中供电公司组织太行黎明共产党员服务队和青年突击队开展"一个党员一面旗帜 万家灯 火有我守护"两队传承共建专项行动,一同走进山西省首个国家电网"电力爱心教室"——榆社县西马乡中 心校,深入困难学生家庭开展走访慰问,在春节前夕送去实实在在的温暖与关怀。 此次活动是国网晋中供电公司长期以来践行社会责任、投身公益事业的一个缩影。该公司长期坚持以电 力赋能教育,通过"电力爱心教室"持续开展助学帮扶,不仅关注学生的学习成长,也重视他们的家庭环境与 生活保障。下一步,国网晋中供电公司将继续积极履行社会责任,通过拓展帮扶形式,传递温暖与关怀,用实 际行动诠释企业的责任与担当。(王宇佳、曹嘉嫄、庞沁怡) 活动中,"两队"队员们为学生们送上了文具、体育用品和生活物资,并与学生、家长坐在一起亲切交流,细 致了解孩子们的学习情况与实际困难,勉励他们树立信心、勤奋学习、乐观向上。队员们还和学生们张 贴窗花,为家中增添节日氛围;同时他们发挥专业特长,主动为学生家里检查用电线路、维修老旧开关、排 除安全隐患,并讲解冬季安全用电常识,增强家庭用电安全意识。 ...

Core Viewpoint - The company is actively responding to severe cold weather conditions by implementing multiple measures to ensure power generation, heating supply, and the well-being of residents, thereby reinforcing energy supply security [1]. Group 1: Emergency Response and Operations - The company has entered a "wartime" state in response to recent severe weather, enhancing frontline staffing and increasing inspection frequency in critical areas to ensure operational stability [2]. - A large heat storage tank, set to be operational by January 2026, has already supplied 15,000 GJ of heat, improving the heating system's regulation and emergency response capabilities [4]. - From November 15, 2025, to February 5, 2026, the company generated 22.9 billion kWh of electricity and supplied over 9.86 million GJ of heat, maintaining stable operations across all units [4]. Group 2: Technological Innovations - The company has developed an AI customer service system that integrates natural language processing and multi-turn dialogue understanding, significantly improving customer service efficiency and response times [5]. - Since its launch, the AI system has handled nearly 20,000 calls with an average response time of under 8 seconds, expanding service coverage threefold compared to previous methods [5]. Group 3: Renewable Energy Contributions - The company has focused on clean energy sectors, achieving a solar equipment utilization rate of 99.98% and a wind energy utilization rate of 98.36% by the end of January 2026, contributing to energy security during winter [9]. Group 4: Heating Supply Innovations - The company has implemented innovative heating solutions in Yantai, including turbine low vacuum heating modifications, which have doubled heating capacity and added 2 million square meters of heating capability [10]. - The company has designed and implemented low bypass heating technology, enhancing the flexibility of thermal power units while ensuring stable heating supply [10]. - The company’s heating area has reached 446 million square meters, with annual heating volume exceeding 100 million GJ, serving over one million direct heating users [12].

2026年2月7日，"中国发展战略学研究会先进材料与智能制造战略专业委员会成立大会暨"十五五"战略发展背景下的先进材料与智能制造机遇与挑战专题 论坛"在中国科学院北京纳米能源与系统研究所(以下简称"纳米能源所")成功举办。 会议由中国发展战略学研究会主办，纳米能源所承办，线上线下（300959）同步进行。中国发展战略学研究会副理事长周程教授，纳米能源所所长、中国 科学院外籍院士王中林教授，中国科学院院士刘忠范教授、雒建斌教授，中国发展战略学研究会秘书长杨柳春、副秘书长孙盈智和张亘，以及钱九红教授 等40多位专家线下参加了会议。同时线上参会的还有中国科学院院士南策文教授、林元华教授，以及李和兴教授等逾60位先进材料与智能制造领域的专 家、学者和产业界人士。 本次会议分两个部分，第一部分是先进材料与智能制造专委会的成立大会，第二部分是"十五五"战略发展背景下的先进材料与智能制造机遇与挑战专题论 坛。 先进材料与智能制造战略专业委 大会开幕式由中国发展战略学研究会秘书长杨柳春主持。 周程副理事长祝贺"中国发展战略学研究会先进材料与智能制造战略专业委员会"正式成立。王中林院士、刘忠范院士、雒建斌院士在开幕式上分别致辞 ...

Core Viewpoint - SANY Heavy Energy has successfully completed the installation of the first batch commercial project of the SI-242 series 180-meter mixed tower model at the Rizhao Wanghu Wind Farm, marking a significant milestone in the large-scale and multi-scenario application of its wind energy technology [1][2]. Group 1 - The SI-242 series wind turbine, designed for low wind speed scenarios, features 20 units of 6.7 megawatt capacity with 118-meter blades, utilizing a self-developed 180-meter ultra-high mixed tower, setting new records for hub height and blade length in Shandong province [1][2]. - The combination of "high tower + long blade" extends the wind turbine's ability to capture wind at higher altitudes, enhancing both power generation efficiency and reliability through real-time load adaptive control enabled by SANY's intelligent control technology [3]. - The project manager highlighted that the self-researched wind turbine, self-manufactured mixed tower, and proprietary construction solutions ensure efficient and high-quality project delivery, achieving deep compatibility between the turbine and its operational environment [3]. Group 2 - Once connected to the grid, the project is expected to generate an annual power output of 340 million kWh, showcasing the advanced technology, environmental adaptability, and intelligent operational capabilities of the SI-242 series across China's vast territory [5].

Core Viewpoint - The founder of Pang Donglai, Yu Donglai, announced his retirement on social media, transitioning to an advisory role, with the decision-making of the company now led by the Pang Donglai Decision Committee [1] Company Information - Yu Donglai is associated with four enterprises, three of which are currently active, including Xuchang Pang Donglai Trading Group Co., Ltd. and Xuchang Pang Donglai Supermarket Co., Ltd. [1] - Yu Donglai holds positions as legal representative, chairman, and general manager in the aforementioned companies [1] - Through direct or indirect shareholding, Yu Donglai has actual control over 19 active enterprises, including Xuchang Pang Donglai Angel City Trading Co., Ltd. and Xuchang Pang Donglai Times Department Store Co., Ltd. [1]

石柱县消防救援局教导员刘清华对供电公司的暖心慰问表示欢迎与感谢。他表示，全体消防人员将继续 坚守岗位、忠诚履职，全力维护全县消防安全形势稳定。同时也希望与供电公司进一步加强协作，在应 急联动、安全宣传等方面开展更多共建活动，共同提升公共服务保障能力。 此次慰问传递了对消防救援队伍的关心与支持，展现了企业与应急救援力量之间的深厚情谊。国网石柱 供电公司将以此次活动为契机，积极履行社会责任，持续开展安全共建与公益服务，携手消防救援局共 同筑牢安全防线，为石柱县经济社会高质量发展营造更加安全稳定的环境。（刘国政 谭志华） 新春将至，情暖人心。2月11日，国网石柱供电公司副总经理周均带领慰问组，来到石柱县消防救援 局，开展新春走访慰问活动，向长期奋战在应急救援和消防安全一线的消防指战员，致以节日的问候与 崇高的敬意。 慰问中，周均代表公司全体员工，对消防救援局全体指战员的辛勤付出表示衷心感谢。他表示，消防指 战员在抢险救援、防灾减灾、守护人民生命财产安全中始终冲锋在前，展现了高度的专业素养和奉献精 神，是石柱县安全发展的重要保障力量。 ...

Core Viewpoint - The Southern Power Grid Yunnan Lincang Fengqing Power Supply Bureau is proactively ensuring stable electricity supply for the local sugarcane industry during the 2026 sugar production season, aiming to support the production goals of the Yingpan Sugar Factory and contribute to local economic development [1][2]. Group 1: Electricity Supply and Safety Measures - The power supply bureau has implemented a comprehensive plan to prevent external power disruption risks, focusing on the sugarcane industry, which is vital for local economic growth [1]. - During the peak season, nearly 4,000 workers operate simultaneously at the Yingpan Sugar Factory, creating significant risks of power outages due to equipment interactions [1]. - The bureau has conducted thorough inspections of aging lines and equipment, addressing voltage fluctuations and maintenance issues with tailored solutions [2]. Group 2: Service Improvement and Community Engagement - The bureau has transformed a "problem list" into a "service list" by actively communicating with enterprises to improve power supply services [2]. - Innovative safety promotion methods have been employed, including targeted education for vehicle drivers and operators, distributing over 400 safety pamphlets [2]. - The bureau's commitment to supporting the sugar industry includes a full-service supply system, from line upgrades to 24-hour emergency repairs, enhancing operational efficiency for the Yingpan Sugar Factory [2]. Group 3: Future Plans and Economic Impact - The bureau plans to continue optimizing power supply services and deepen collaboration with enterprises to meet their electricity needs [3]. - The goal is to provide robust electricity support and high-quality service to ensure the sustainable development of the sugar industry, benefiting more local communities [3].