2026年首场大雪于1月19日夜间至20日凌晨悄然降临武汉，城市被一夜之间"刷白"的同时，也让寒假、 春节来汉旅游的话题再度"刷屏"。 1月19日，飞猪旅行发布《2026年春节假期出游风向标》显示，全国节中出游预订量同比增长超30%， 其中，湖北表现尤为亮眼，各类旅游产品预订量均实现大幅增长。 数据显示，截至目前，湖北酒店预订量同比增长73%，线路游预订量同比增长80%，包车游预订量更是 激增超2倍。与此同时，湖北游客的出境游需求也同步爆发，预订量同比增长近1倍，展现出强劲的旅游 消费潜力。 据了解，双节期间，湖北将组织跨年迎新活动100余场、潮流狂欢200余场、文艺演出500余场、文博艺 术展览150余场、非遗体验活动150余场、全民阅读活动200余场、村晚市集300余场、庙会灯展200余场 等共计1800余场。同时，投入1.14亿元资金，通过消费券撬动、票根赋能多维度释放文旅消费潜力，推 动文旅消费持续升温。 1月17日，2026年首场"知音湖北 超级文旅日"暨第五届湖北非遗嘉年华在武汉拉开帷幕。 "知音湖北邀 你过大年"新春文旅消费季同步盛大启动，围绕"南国冰雪、楚天温泉、非遗精品、荆楚民俗"等核心资 ...

Core Viewpoint - The company, Huichuan Technology, is planning to issue H-shares and list on the Hong Kong Stock Exchange to advance its internationalization strategy and enhance global market competitiveness [1][3]. Group 1: Internationalization Strategy - Huichuan Technology's overseas revenue accounted for approximately 6.4% of total revenue, with a reported overseas revenue of 1.32 billion yuan in the first half of 2025, marking a 39% year-on-year increase [1][3]. - The company aims to increase the weight of its overseas business and is currently enhancing its capabilities to support this internationalization goal [1][3]. Group 2: Financial Performance - For the first three quarters of 2025, Huichuan Technology achieved a net profit attributable to shareholders of 4.254 billion yuan, nearing the total for the entire year of 2024 [2][5]. - The company's revenue for the same period was 31.663 billion yuan, reflecting a year-on-year growth of 24.67%, while the net profit grew by 26.84% [5][6]. Group 3: Capital Market Activities - Since its IPO in 2010, Huichuan Technology has raised a total of 5.61 billion yuan from the capital markets, with cumulative dividends amounting to 7.945 billion yuan, exceeding the total raised [2][4]. - The company has engaged in multiple rounds of financing to support its industrial upgrades and capital reserves, including a significant fundraising in 2021 for various projects [4][6]. Group 4: Industry Position and Growth - Huichuan Technology is a leading player in the industrial automation sector, with a product range that includes frequency converters, servo systems, control systems, and industrial robots [5][6]. - The company has experienced substantial growth since its listing, with revenue and net profit increasing approximately 54 times and 18 times, respectively, over 14 years [6].

南方电网旗下上市公司 南网能源 （003035.SZ）实现扭亏。 1月19日晚间，南网能源披露业绩预告，公司预计2025年实现归母净利润3亿元—3.6亿元，上年同期亏 损5812.58万元。 南网能源表示，2025年，公司节能业务板块巩固拓展，经营收入稳定增长；生物质等存量低效资产 综 合 治理成效显著，生物质项目经营情况改善，减值损失同比大幅减少。 长江商报记者注意到，2025年，南网能源持续剥离亏损业务，包括生物质业务、综合资源利用业务等公 司。公司宣布不再新增投资综合资源利用业务及光伏等智慧绿电项目，转而聚焦高端节能服务，重点拓 展零碳园区、零碳工厂、 虚拟电厂 、数据中心节能等赛道。 为此，南网能源正在推进不超过20亿元的定增事项，将用于节能降碳项目和补充流动资金及偿还有息负 债。 治理低效资产成功扭亏 1月19日晚间，南网能源披露业绩预告，公司预计2025年实现归母净利润3亿元—3.6亿元，上年同期亏 损5812.58万元。 南网能源表示，2025年，公司积极把握"双碳"战略机遇，加快推进战略转型，公司节能业务板块巩固拓 展，经营收入稳定增长；生物质等存量低效资产综合治理成效显著，生物质项目经营情况 ...

Core Viewpoint - Jihong Co., Ltd. (002803.SZ, 02603.HK) has reported impressive performance driven by its "cross-border e-commerce + packaging" dual strategy, with a projected net profit growth of 50% to 60% for 2025 [1][2] Financial Performance - For the year 2025, Jihong Co. expects a net profit of 2.73 billion to 2.91 billion yuan, marking a year-on-year increase of 50% to 60% [1][2] - The company anticipates a total net profit of 3.31 billion to 3.49 billion yuan for 2025, representing a growth of 79.40% to 89.26% compared to the previous year [2] - In the first three quarters of 2025, Jihong Co. achieved a revenue of 50.39 billion yuan, up 29.29% year-on-year, with a net profit of 2.16 billion yuan, reflecting a 60.11% increase [2] - The fourth quarter of 2025 is projected to yield a net profit of 572.7 million to 754.7 million yuan, showing a year-on-year growth of 21.19% to 59.69% [2] Business Segments - The packaging business has benefited from a recovering consumer market, leading to increased demand from downstream clients and improved profitability through strategic partnerships with leading companies in the fast-moving consumer goods sector [3] - The cross-border e-commerce segment has seen significant revenue growth due to technological advancements and enhanced supply chain management, contributing to the overall performance of the company [3] Market Position - Jihong Co. ranks second among Chinese B2C export e-commerce companies in Asia with a market share of 1.3% and holds the top position in the paper packaging sector with a market share of 1.2% [4] Strategic Developments - The company is expanding its operations by establishing a wholly-owned subsidiary in Shenzhen with a registered capital of 60 million to 80 million Hong Kong dollars, aimed at enhancing its packaging business [5] - Jihong Co. has formed strategic partnerships, including a collaboration with Huawei Cloud to leverage AI technology for business innovation [5] R&D and Financial Health - R&D expenditures for the first three quarters of 2025 reached 1.01 billion yuan, an increase from 959.4 million yuan in the same period of 2024, indicating a commitment to innovation [7] - As of the end of the third quarter of 2025, Jihong Co. reported cash reserves of 11.98 billion yuan, a 56.87% increase from the beginning of the period, primarily due to H-share issuance and sales receipts [7]

1月20日，盈方微股票复牌涨停，报收8.50元，上涨9.96%，总市值达71.8亿元。停牌前，盈方微股价为 7.73元/股，总市值65.28亿元。 长江商报消息 ●长江商报记者 李璟 盈方微（000670.SZ）重大资产重组预案敲定。 1月19日晚间，盈方微发布公告，公司拟通过发行股份及支付现金的方式取得上海肖克利100%股份、富 士德中国100%股份，并募集配套资金。本次交易构成关联交易、预计构成重大资产重组、不构成重组 上市。 此前，盈方微曾宣布拟购买上海肖克利等三家公司控股权，同时，公司因筹划发行股份及支付现金购买 资产并募集配套资金的事项存在不确定性，自2026年1月6日起停牌。 盈方微表示，本次重组是对上市公司半导体分销业务的巩固与强化，实现了对半导体赛道的精准聚焦与 布局升级。 拟收购标的减至两家 长江商报记者注意到，与此前抛出的收购计划相比，盈方微拟收购标的资产由三家变为两家。 1月5日晚，盈方微发布重大资产重组停牌公告，宣布公司正筹划以发行股份和/或支付现金相结合的方 式收购三家企业控股权并募集配套资金。 三家公司均来自半导体行业，分别为上海肖克利信息科技股份有限公司（简称"上海肖克利"）、F ...

长江商报消息 ●长江商报记者 徐佳 国内首家上市的专业湿电子化学品企业江化微（603078.SH）即将迎来上海国资入主。 1月19日晚间，江化微披露股东权益变动，公司控股股东淄博星恒途松控股有限公司（以下简称"淄博星恒途松"） 拟将其持有的公司9238.23万股，作价18.48亿元转让给上海福迅科技有限公司（以下简称"上海福迅科技"），锁定 期达60个月。 本次股份转让完成后，江化微的控股股东将由淄博星恒途松变更为上海福迅科技，实际控制人将由淄博市财政局 变更为上海市国资委。 长江商报记者注意到，为维持控制权及管理权稳定，上海国资将锁定期设定为60个月，且江化微董事长兼总经理 殷福华承诺五年内不得从江化微主动离职。 披露易主消息之后，1月20日，江化微股价一字涨停，报收23.56元/股，涨幅9.99%。2026年以来，江化微股价累 计上涨近32%。 上海福迅科技方面表示，其将充分发挥产业协同，为上市公司业务发展赋能，进一步增强上市公司产业竞争力与 盈利能力，提升上市公司价值。 拟易主上海国资 根据交易方案，江化微的控股股东淄博星恒途松拟将其持有的公司股票9238.23万股，转让给上海福迅科技，转让 价格为20 ...

Core Viewpoint - Qizhong Technology (688352.SH) is increasing its investment in advanced packaging by acquiring a 2.27% stake in HeXin Integrated Circuit Co., Ltd. for 50 million yuan, aiming to enhance its position in the high-end computing chip packaging market and diversify its non-display chip business [1][2]. Group 1: Investment and Strategic Moves - The investment in HeXin Integrated is not merely a financial transaction but a strategic initiative aimed at achieving industrial chain synergy, targeting the high-end computing chip packaging market while addressing gaps in non-display chip business [2][3]. - HeXin Integrated, established in 2021, focuses on high-end packaging and testing for integrated circuits, with a registered capital exceeding 10.57 billion yuan, serving sectors like information communication, AI, big data centers, and automotive electronics [2][3]. Group 2: Technological and Ecological Synergy - The collaboration will enable deep synergy in customer bases, technology, and industrial ecosystems, with Qizhong leveraging its established customer relationships in display drivers and power management, while HeXin offers unique positioning in 5G/6G and AI [2][3]. - Qizhong's expertise in bump manufacturing and flip-chip packaging complements HeXin's strengths in 2.5D/3D integration, creating a comprehensive technology chain and enhancing core technological barriers through shared R&D resources [2][3]. Group 3: Business Performance and Future Outlook - Qizhong Technology, under the control of the Hefei State-owned Assets Supervision and Administration Commission, has solidified its leading position in the display driver chip packaging sector, with projected revenue of 1.758 billion yuan and sales of 18.45 billion units in 2024 [4]. - The company reported a revenue of 1.605 billion yuan for the first three quarters of 2025, marking an 11.8% year-on-year increase, although net profit decreased by 19.2% [4]. - Qizhong is accelerating its diversification strategy, with over half of the 839 million yuan raised from convertible bonds directed towards enhancing non-display chip packaging capacity, which is expected to generate an additional annual revenue of over 790 million yuan upon reaching full production [4][5].

Core Viewpoint - Nanshan Aluminum is investing over 3 billion yuan in an overseas expansion project in Indonesia, aiming to enhance its global production capacity and maintain steady growth in international markets [1][2][3] Group 1: Investment and Expansion - Nanshan Aluminum plans to invest approximately 4.37 billion USD (30.56 billion yuan) to build a 250,000-ton electrolytic aluminum project in Indonesia [1][2] - The project is part of the company's strategy to reduce production costs and enhance competitive advantages in the global market [2][3] - The new facility will increase the total electrolytic aluminum capacity in Indonesia to 500,000 tons [3] Group 2: Financial Performance - As of September 2025, Nanshan Aluminum's debt-to-asset ratio is only 17.56%, with cash reserves of approximately 26.9 billion yuan, which is 5.8 times its interest-bearing debt [1][7] - The company has consistently reported annual profits exceeding 3 billion yuan since 2021, with a net profit of 3.772 billion yuan in the first three quarters of 2025 [1][6] - The operating cash flow has shown continuous net inflow, with net cash flow of 7.617 billion yuan in 2024 and 6.221 billion yuan in the first three quarters of 2025, reflecting year-on-year growth of 80.05% and 32.09% respectively [7] Group 3: Market Position and Revenue - By the first half of 2025, revenue from overseas markets accounted for 57.20% of the company's total revenue, indicating a significant shift towards international operations [1][3] - The gross profit margin for overseas markets has been consistently higher than that of domestic markets, with margins of 25.92%, 35.81%, and 38.61% for 2023, 2024, and the first half of 2025 respectively [6] - Nanshan Aluminum's customer base includes major global companies across various sectors, enhancing its market presence and revenue potential [6]

长江商报消息●长江商报记者 黄聪 当下，科技创新债券已成为伊利股份（600887.SH）减少短期资金压力的重要工具。 1月19日晚间，伊利股份发布公告称，公司成功发行了2026年度第四期科技创新债券，实际发行总额达 100亿元。 此前的1月8日，伊利股份公告称，公司成功发行了2026年度第一、二、三期科技创新债券，实际发行金 额分别为110亿元、110亿元和130亿元。 综合来看，伊利股份共发行四期科技创新债券，实际发行合计总额达450亿元。 一家上市公司财务人员向长江商报记者表示，科技创新债券的发行增加了伊利股份的长期债务比例，降 低了对短期银行贷款等融资方式的依赖，有助于减少企业的短期资金压力和流动性风险，使资金来源更 加多元化和稳定。 2025年至今，乳企业绩普遍承压。伊利集团董事长兼总裁潘刚表示，中国乳业已经从单纯追求增速 的"量增"时期，全面进入以多元化、精细化需求为导向的"质升"新阶段。 2025年前三季度，伊利股份实现营业收入905.64亿元，同比增长1.71%；归母净利润104.26亿元，同比 下降4.07%。公司业绩基本保持稳定。 对此，伊利股份列出的一条重要原因为，公司坚持加快全产业链数智 ...

Core Viewpoint - The company, Lionhead Co., Ltd. (600539.SH), continues to face pressure in its e-commerce business and has not yet emerged from losses, projecting a net loss of 18.2 million to 22.7 million yuan for the year 2025 [1][3]. Financial Performance - Lionhead Co. has reported cumulative net losses exceeding 125 million yuan from 2023 to 2025, marking three consecutive years of losses [2][5]. - In 2023 and 2024, the company recorded revenues of 458 million yuan and 480 million yuan, with year-on-year changes of -22.16% and 4.78% respectively [5]. - The projected revenue for 2025 is estimated to be between 430 million and 480 million yuan, indicating ongoing challenges in sales growth due to intensified competition and product homogeneity [6]. Business Transformation - The company is undergoing a restructuring process, aiming to transition into the machine vision sector by acquiring a 97.4399% stake in Lipu Technology for 662 million yuan, with a valuation premium of 295.88% [2][10]. - This acquisition is expected to add goodwill of approximately 393 million yuan to Lionhead Co. post-transaction [11]. - The strategic shift aims to create a second growth curve and enhance the company's profitability by tapping into new production capabilities [10]. Future Outlook - Lionhead Co. plans to maintain stable operations and improve efficiency in 2026, with expectations for gradual performance improvement [7]. - The acquisition includes performance commitments for Lipu Technology, requiring net profits of at least 33 million yuan, 46 million yuan, and 62 million yuan from 2025 to 2027 [11].