公司本次拟公开发行股票募集资金用于高储能脉冲电容器产业化建设项目、新型电子元器件及集成电路 生产项目（一期/二期）、高可靠阻容元器件关键技术研发项目、电子材料与元器件关键技术研发项目 等。 募投项目.jpg 图/宏明电子IPO募投项目情况 来源：公司招股书 公司表示，将深耕电子元器件、精密零组件应用研究，围绕电子元器件、精密零组件前沿制造乃至电子 信息产业链开展多元布局，产业报国、贡献国防，努力将公司打造为具有全球竞争力的世界一流电子元 器件制造商。（全景网） 深交所上市委员会2025年第29次审议会议结果显示，成都宏明电子股份有限公司（以下称：宏明电子） 首次发行股份并在创业板上市的申请获通过。 29次.jpg 图/深交所上市委审议结果 全景网了解到，宏明电子是国内少数从高品质电子材料（陶瓷瓷料和导电浆料）到电子元器件均具备研 制能力的全产业链生产企业，实现多个产品的国产化替代，为我国航空航天、武器装备、船舶、核工业 等系统的国家重点工程项目建设作出了宏明贡献。截至目前，公司拥有各项专利1,275项，其中发明专 利239项。 ...

Core Viewpoint - Tian Su Measurement aims to leverage capital to enhance its core competitiveness and contribute to society through its IPO on the ChiNext board [3] Company Overview - Tian Su Measurement is a national, comprehensive independent third-party measurement and testing service provider, focusing on calibration, testing, and certification services [1] - The company serves a wide range of industries, including biomedicine, automotive, new energy, rail transportation, energy and power, light industry, and equipment manufacturing [1] Strategic Development - The company has developed 90 self-compiled standards recognized by CNAS and participated in 78 standards and 9 technical specifications, covering strategic emerging industries such as high-end manufacturing, new energy, and biomedicine [2] - The new energy battery testing business has shown significant development, with 84 major battery testing capabilities and over 2,000 testing channels serving more than 2,000 new energy enterprises [2] - Future focus will be on calibration and new energy battery testing services, with ongoing investment in technology R&D and talent acquisition to maintain competitive advantages [2] Market Position - The measurement and testing industry is becoming more concentrated, with leading institutions enhancing their competitive capabilities [2] - Tian Su Measurement has established a differentiated competitive landscape through its core technologies, achieving a leading advantage in certain niche areas [2] IPO Details - The company plans to issue 16,304,348 shares, accounting for 25% of the total share capital post-issue, with an offering price of 36.8 yuan per share [3] - The subscription date is set for December 12, 2025, and the payment date for December 16, 2025, with the stock code 301449 and the name "Tian Su Measurement" [3] Investor Engagement - The online roadshow featured active interaction between the management team and investors, addressing key questions regarding business, technology prospects, market competition, and strategic planning [3] - The successful online roadshow laid a solid foundation for Tian Su Measurement's debut on the ChiNext board and generated investor enthusiasm for its future development [3]

Core Insights - The core competitive advantage in the high-end rare earth permanent magnet sector is reflected in technological breakthroughs and profitability [1][2] - Galaxy Magnetics has achieved a gross margin of 37.9% for its core products, significantly outperforming peers like Jinli Permanent Magnet and Zhongke Sanhuan, which have around 12% gross margins [1] - The company has successfully broken Japan's long-standing monopoly in the hot-pressed NdFeB sector, becoming the only domestic enterprise capable of mass production [1] Company Performance - Galaxy Magnetics has established a production line with an annual capacity of 300 tons, with plans to expand to 500 tons, showcasing significant advantages in thermal stability, corrosion resistance, and raw material utilization [1] - The company has received recognition from international giants and is penetrating high-end markets such as automotive motors and robotics [1] Technological Advancements - Continuous technological iterations are strengthening the company's competitive moat, with the acquisition of patents related to high magnetic energy density hot-pressed magnets expected by 2025 [2] - Innovations in material formulations and the breakthrough of non-dysprosium magnets are enhancing product performance while reducing costs [2] - The company maintains a leading position in the global bonded NdFeB sector, with production yield rates for ultra-thin magnetic sheets significantly exceeding industry averages [2] Profitability and Market Position - The company's gross margin of 37.9% is well above the industry average, demonstrating resilience against fluctuations in rare earth prices and increasing competition [2] - The stable profitability is attributed to technological pricing power, a solid partnership with international clients, and cost optimization through self-developed equipment and automation upgrades [2] - Galaxy Magnetics is recognized as a single champion by the Ministry of Industry and Information Technology, positioning itself to lead the high-end development direction of the global rare earth permanent magnet industry [2]

Core Viewpoint - The Central Economic Work Conference emphasizes stabilizing the real estate market, promoting policies tailored to cities, and encouraging the construction of quality housing, which aligns with the strategic direction of the company, Binhai Group, as it focuses on high-quality development in the real estate sector [1] Group 1: Company Strategy and Market Position - Binhai Group's core strategy is to focus on high-quality land reserves in Zhejiang, with 73% of its land reserves located in Hangzhou and 17% in other economically strong cities within the province [2] - The demand for quality housing in Zhejiang, particularly in Hangzhou, is supported by high disposable income and a strong influx of talent due to the region's economic advantages [2] - The company's reputation for quality has led to significant sales advantages, with strong performance in both new and second-hand housing markets, reflecting a positive feedback loop between quality and sales [2] Group 2: Financial Performance - For the first three quarters of 2025, Binhai Group reported revenue of 65.514 billion yuan, a year-on-year increase of 60.64%, and a net profit of 2.392 billion yuan, also up by 60.38% [3] - In the third quarter alone, the company achieved revenue of 20.065 billion yuan, a 21.00% increase year-on-year, and a net profit of 555.6 million yuan, up 54.19% [3] - The company's financing costs have decreased significantly, from 5.2% in 2020 to a record low of 3.1% by June 2025, reflecting improved capital recognition [3] Group 3: Industry Trends and Recommendations - Research indicates that regional-focused real estate companies like Binhai Group are better positioned to navigate the current market trends, which favor high-quality development and localized strategies [4] - The emphasis on quality housing aligns with national policy directions, suggesting that Binhai Group's strategic focus will allow it to benefit from local market advantages and achieve sustainable growth [4] - The company's strong land reserve strategy and alignment with market demands position it well to capitalize on the ongoing transformation in the real estate sector [4]

项目广泛采用"以工代赈"模式，让老百姓也能参与到项目之中，修复生态的同时，也为老百姓带来一定 的经济收入。 科尔沁沙地是我国面积最大的沙地，面临分布广、程度重、治理难等生态挑战，其治理成效直接关系到 北疆绿色屏障的稳固与否。 蒙草生态科研团队秉持近自然修复理念，聚焦治理难题，以乡土种源为核心，构建可持续的生态治理技 术体系，为科尔沁沙地歼灭战提供可靠支撑。 乡土种源保障可持续防沙治沙 关键在于科学地选种用种，科研团队扎根科尔沁腹地，结合生态大数据平台，进行深入调研。设立扎鲁 特旗综合试验区，历时4年，因地制宜地对多个草种组合治理成效进行测试。 试验结果表明，以乡土草种为核心配置的科尔沁沙地生态种子包相比商品草种对照组、自然围封恢复以 及其他草种组合，在提升群落高度、盖度及密度方面均表现出持续且显著的优势。 依托扎实的科研成果，蒙草生态在通辽、赤峰、兴安盟等盟市因地制宜、分区施策，规模化应用乡土草 种开展生态修复，治理区平均植被盖度提升35%以上，草原固碳能力大幅提升。 生态包采用的种子包衣技术使种子地上生物量提高3.5倍，表现出良好的耐旱性 为保障治沙效果可持续，蒙草生态在重点治沙区域布局建设一站式生态服务保 ...

其次，要有全面的科技创新体系支撑。截至目前，海尔智家线下已在全球设立了10大研发中心，线上 HOPE平台则链接全球25万名技术专家和超百万研发资源，形成了从用户提需求到技术落地的快速研发 链条。比如为日本小家庭设计的AQUA超薄冰箱，符合欧洲严苛环保标准、比最高A级还节能60%的 X11洗衣机。这些全球协同创新的科技成果，都能反过来转化成标准制定的优势。 山东省标准化人才库的选拔，不仅是对企业培养人才的认可，更是对企业标准工作实打实的肯定。未 来，中国家电企业以科技创新打底，以标准引领为方向，将继续为全球标准化建设和家电行业的发展贡 献力量。 严苛的标准人才选拔政策，反映出标准话语权日益重要。在此背景下，企业如何才能在标准领域有所作 为？ 首先，要在标准领域积累深厚底蕴。以海尔智家为例，其在标准成果上，已主导和参与116项国际标 准、840项国家或行业标准，均是行业第一，同时在全球拥有100余个国际标准专家席位。在标准制定 上，海尔智家针对冰箱"存得住却不新鲜"问题，牵头升级了冰箱保鲜的国际标准；针对用户分类洗健康 需求，主导制定了全球首个多筒洗衣机的性能测试国际标准；考虑到老年人用空调不方便，带头制定智 能 ...

一汽解放董事长、党委书记、解放时代董事长李胜，天津港保税区党委常委、管委会副主任刘贯虹，特 来电副总裁刘忠诚，一汽解放总经理、党委副书记于长信，一汽解放党委委员、总经理助理兼财务控制 部部长杨丽出席会议。来自全国各地的金融合作伙伴、渠道合作伙伴、媒体代表及行业同仁共350余人 参加会议，共同见证一汽解放全新租赁业务品牌"鲸E租"的正式启航。会议由一汽解放党委副书记、工 会主席王浩主持。 ▲ 李胜致辞 李胜在致辞中对解放时代的战略方向与团队成果表示充分肯定。他表示，"鲸E租"品牌不仅是商业模式 的创新，更是响应国家战略、推动行业绿色发展的重要实践。"鲸E租"品牌的应运而生，既是一汽解放 深耕行业大势的创新之策，也是引领行业向上的探索之举！ 李胜指出，"鲸E租"品牌是一汽解放携手宁德时代和特来电两大行业领军企业，深度融合整车制造、动 力电池和智慧补能三大核心能力，所打造的一套灵活高效、持续盈利的绿色运力解决方案。未来，希望 合作伙伴能够坚守客户导向，做解决痛点的贡献者；树立行业标杆，做全链协同的引领者；扛起社会责 任，做绿色转型的推动者。 ▲ 乔燕南致辞 12月14日，以"智领全球 质赢未来"为主题的一汽解放20 ...

多维布局深耕信创产业新蓝海 2025年12月11日至12日，由《每日经济新闻》主办的"第十四届中国上市公司峰会"在海南海口盛大召 开。作为系列活动的重要一环，备受业界关注的"2025第十五届中国上市公司口碑榜"于12日晚隆重揭 晓。 教育行业是信创产业发展的基石与人才摇篮。诚迈科技积极投身于此，致力于成为信创数智化人才培养 的领军者。公司整合了信创基础软硬件、人工智能应用以及开源鸿蒙生态三大方向的技术资源，打造了 面向高等院校和职业院校的综合性人才培养解决方案。通过与合作院校共建实验室、开发专业课程、提 供实训平台等方式，为产业持续输送高质量的专业人才。 医疗健康作为关系到国计民生的重要领域，正逐渐成为信创技术落地应用的关键战场，其技术门槛高、 合规要求严。诚迈科技在该领域的布局体现了深厚的技术积淀与场景理解能力。例如，公司开发的"芬 太尼类药品全流程追溯平台"，利用物联网技术对药品的领取、调配、使用、回收、销毁等所有环节进 行精准的动态监控与闭环管理。同时，引入区块链技术进行关键数据存证，确保信息不可篡改、全程可 溯，有效提升了特殊药品管理的安全性与合规水平。 由此可见，诚迈科技此次荣膺口碑榜大奖，是其长期 ...

2025年12月13日，由中国社会工作教育协会金融社会工作专业委员会、广东财经大学主办，深圳市创新企业社会责任促进中心、公益金融发展研究中心、招 商期货有限公司联合承办，香蜜玫瑰公益金融慈善信托、上海大方如山信息咨询有限公司协办的"公益金融与金融社会工作分论坛"在广东财经大学广州校区 隆重举行。本次论坛汇聚上百名政府、学界、企业及公益界多方专业力量，共同探讨公益金融与金融社会工作的融合路径，推动粤港澳大湾区慈善信托与公 益金融创新实践。 作为本次分论坛的核心发起单位，广东省公益金融试验区-公益金融发展研究中心和深圳市创新企业社会责任促进中心一直致力于搭建公益金融跨界对话平 台、理念普及与实践落地，推动中国公益金融生态圈建设。论坛围绕"公益金融实验室""金融+公益投教生态""社区金融教育""慈善信托发展"等议题展开多 层次、多角度的研讨与交流。 北上深专家齐聚，共同倡议公益金融生态圈建设 中国光彩促进会常务理事、中华慈善总会专家委委员、深圳市政协常委房涛分享"以公益金融实验室为创新的可持续金融实践"主题，举例建设银行、农业银 行、招商证券等持牌金融机构建设公益金融实验室的重点案例，倡导更广大的金融系统全面应用公 ...

Core Insights - Great Wall Motors is leading the development of China's off-road culture towards a scientific, standardized, and collaborative direction through its innovative "three-in-one" off-road grading system [1][2] - The company aims to provide a clear and safe guiding framework for off-road users, addressing the lack of unified and quantifiable standards in evaluating off-road vehicle performance [1] Group 1: Off-Road Vehicle Grading System - The off-road vehicle grading system, set to be released in October 2024, evaluates vehicles based on four major aspects: passability, power, safety configuration, and actual driving verification, encompassing a total of 20 performance metrics and over 70 indicators [1] - Vehicles are categorized into four levels: "Urban SUV, General Off-Road, Strong Off-Road, and Super Strong Off-Road," providing essential reference for users in selecting vehicles [1] Group 2: Off-Road Scene Grading - In January 2025, Great Wall Motors will introduce an "Off-Road Scene Grading" system to help off-road enthusiasts make informed decisions about challenging high-risk routes [2] - This system employs both qualitative and quantitative methods to assess key indicators such as average slope, maximum tilt angle, surface adhesion changes, and obstacle types, categorizing common off-road scenarios into four main types: snow, mud, sand, and mountain, with each type further divided into 7 to 10 levels [2] Group 3: Off-Road Skills Grading - In June 2025, the company will launch an "Off-Road Skills Grading" system that establishes progressive assessment standards, categorizing drivers into four levels: "Beginner, Intermediate, Advanced, and Professional" [2] - This skills grading is closely linked to the training courses offered by Great Wall Motors' "Off-Road Academy," providing users with a clear and scientific growth path [2] Group 4: Future Outlook - Following the release of the "Human-Vehicle-Road" three-in-one off-road grading system, Great Wall Motors has received widespread recognition from industry professionals and users [2] - The company plans to continue enhancing its off-road product technology while actively participating in the discussion and formulation of national off-road standards, contributing to the upward development of off-road culture and offering more professional and safer off-road products and lifestyle services to global users [2]