今天上午，A股光纤概念上涨，太辰光（300570）、长江通信（600345）、通鼎互联（002491）等个股 大涨。 值得一提的是，光纤均价最近呈现上涨态势，据产业链调研信息，G.652.D光纤市场平均价格连续两个 季度上涨，价格回暖态势明显。 与此同时，多家公司表示，受海外算力数据中心对新型光纤光缆产品需求增长影响，部分出口光纤价格 上扬，预计2026年国内光纤价格将迎来一定幅度的上涨。随着多个厂商将产能持续向AI相关多模、特 光纤概念大涨，主要受隔夜美股康宁走势催化。1月27日，康宁涨超15%，股价创历史新高。 种光纤倾斜，导致AI需求"挤压"传统光纤产能，受此影响，传统普缆供给收缩推动散纤价格上涨。 消息面上，Meta与康宁签署最高60亿美元光纤电缆协议，用于AI数据中心。据报道，康宁将向Meta提 供先进光纤、光缆及连接产品，同时扩大其在北卡罗来纳州的产能，包括位于希科里市的光缆工厂， Meta将成为该厂的主要客户。 康宁的光连接产品是支撑数据中心巨大计算与数据传输需求的关键组件。包括Meta、微软和Alphabet旗 下谷歌在内的大型科技客户不断增长的需求，推动康宁股价在2025年上涨逾84%。 机 ...

Core Insights - The State-owned Assets Supervision and Administration Commission (SASAC) is focusing on high-quality development of state-owned enterprises (SOEs) by optimizing the layout and structure of state-owned economies, emphasizing the importance of strategic restructuring and innovation [1][3][6] Group 1: Optimization and Restructuring - Establishing a guiding system for optimizing the layout and structural adjustment of state-owned economies, enhancing management responsibilities, and better implementing the "three concentrations" of state capital [1][2] - Accelerating the optimization of state-owned economic layout and structural adjustments, with a focus on strategic security, public services, and emerging industries [3][8] - Implementing a more precise classification assessment system to clarify the functional positioning of various state-owned enterprises and enhance operational quality [1][2] Group 2: Innovation and Industry Development - Promoting deep integration of technological and industrial innovation, enhancing original innovation systems, and accelerating the transformation of independent innovation results [1][6] - Supporting the cultivation of emerging pillar industries through strategic planning and differentiated core tasks for various industry categories [6][8] - Focusing on the development of artificial intelligence and other key sectors, exploring the establishment of an "AI+" industrial community to enhance investment and data resource optimization [7][8] Group 3: Strategic Goals and Future Directions - Aiming for a systematic layout and leapfrog development of emerging industries, with a focus on creating a competitive modern industrial system [6][8] - Planning for new tracks in embodied intelligence, biomanufacturing, marine energy, and green shipping to enhance the integrity and safety of the industrial system [8] - Strengthening the role of central enterprises in strategic security, industry leadership, and public service through professional integration and high-quality mergers and acquisitions [3][4][5]

Group 1 - The core viewpoint of the news is that the fiber optic sector in the A-share market has seen significant gains, driven by the strong performance of Corning in the US stock market and its partnership with Meta [1][2]. - Corning's stock rose over 15% on January 27, reaching a historical high, following the announcement of a $6 billion fiber optic cable agreement with Meta for AI data centers [2]. - The demand for fiber optic products is expected to remain high, with predictions indicating that global demand for fiber optic cables could reach hundreds of millions of core kilometers by 2025, driven by the construction of AI data centers [2][3]. Group 2 - The average price of G.652.D fiber optic cables has been increasing for two consecutive quarters, indicating a recovery in prices [2]. - Companies are shifting production capacity towards AI-related multimode and specialty fibers, which is causing a reduction in the supply of traditional fiber cables and leading to price increases for scattered fibers [3]. - Key companies to watch in this sector include Hengtong Optic-Electric, Zhongtian Technology, Yangtze Optical Fibre and Cable, Yongding Co., Fenghuo Communication, and TeFa Information [3].

近日，"大批中成药将退出市场"的话题持续引发热议。 距离2026年7月1日的执行节点仅剩半年，国家药监局《中药注册管理专门规定》第七十五条的落地已进 入冲刺阶段，该条款为中成药再注册划定了明确的硬性门槛。 行业将迎来深度洗牌 北京中医药大学卫生健康法治研究与创新转化中心主任邓勇对中国证券报记者表示，距离2026年7月1日 中成药再注册"大限"仅剩半年，行业正经历深度洗牌。 3年期限将至 《中药注册管理专门规定》自2023年7月1日起施行。《专门规定》共11章82条，包括总则、中药注册分 类与上市审批、人用经验证据的合理应用、中药创新药、中药改良型新药、古代经典名方中药复方制 剂、同名同方药、上市后变更、中药注册标准、药品名称和说明书等内容。 《专门规定》第七十五条明确，持有人应当加强对药品全生命周期的管理，加强对安全性风险的监测、 评价和分析，应当参照相关技术指导原则及时对中药说明书【禁忌】【不良反应】【注意事项】进行完 善。中药说明书【禁忌】【不良反应】【注意事项】中任何一项在规定施行之日起满3年后申请药品再 注册时仍为"尚不明确"的，依法不予再注册。 央视此前报道，《2022国家中药监管蓝皮书》显示，截至 ...

中证智能财讯金螳螂（002081）1月28日公告，公司作为联合体牵头人，与江苏苏美达成套设备工程有 限公司成功中标"梅园地块建设项目新建酒店部分室内精装修工程及弱电智能化工程"项目，并已正式签 署合同，合同总价约4.28亿元。其中，公司承接的室内精装修工程暂估价约3.73亿元，占公司2024年度 经审计营业收入的2.04%。上述项目如能顺利实施，预计对公司未来的经营业绩将产生积极影响。 公告显示，在该联合体项目中，公司负责室内精装修工程，联合体成员苏美达负责弱电智能化工程。合 同履行不影响公司业务的独立性，公司主营业务不存在因履行该项目而对业主方形成依赖。 金螳螂是一家以室内装饰为主体，融内装、土建、幕墙、机电、软装等为一体的综合建筑装饰工程承建 商。2025年前三季度，公司实现营业总收入132.75亿元，归母净利润3.82亿元。 ...

Group 1 - The company 麦趣尔 (002719) is facing a bankruptcy liquidation application from its creditor 广州市铭慧机械股份有限公司, which is related to a dispute over a contract worth 8.507 million yuan, of which 2.5521 million yuan has been paid and 5.9549 million yuan remains unpaid [2] - The company has stated that its production and operational activities are currently normal and it does not meet the legal conditions for bankruptcy, such as "insufficient assets to pay all debts" or "obvious lack of solvency" [2] - The company has filed an objection to the bankruptcy application and is cooperating with the court, but there is significant uncertainty regarding whether the bankruptcy liquidation process will proceed [2] Group 2 - 麦趣尔 is a modern food processing enterprise focusing on dairy products and baked goods, but it has experienced a continuous decline in revenue and has been in a state of loss for several years [3] - In 2022, the company reported total revenue of 989 million yuan and a net loss attributable to shareholders of 351 million yuan, marking a shift from profit to loss; in 2023, revenue further decreased to 709 million yuan with a net loss of approximately 97.1 million yuan [3] - For 2024, the company's revenue is projected to decline to 635 million yuan, with net losses expanding to 230 million yuan; in the first three quarters of 2025, revenue was 463 million yuan with a net loss of approximately 33.1 million yuan, indicating a narrowing of losses year-on-year but an overall downward trend in revenue [3]

Group 1 - The core viewpoint of the news is that the State Administration for Market Regulation (SAMR) is focusing on addressing "involution" competition through regulatory measures, particularly in key sectors like automotive, photovoltaic, and lithium batteries, by facilitating mergers and acquisitions to enhance operational efficiency and resource integration [1][2] - In 2025, SAMR concluded 129 cases related to operator concentration, which included various types aimed at promoting technological collaboration, optimizing capacity layout, and revitalizing idle capacity [2] - A notable case highlighted is the establishment of a joint venture between China National Petroleum Corporation and Contemporary Amperex Technology Co., Ltd., which focuses on lithium battery energy storage systems, demonstrating a shift away from "involution" competition [2] Group 2 - SAMR is intensifying efforts to combat unfair competition in the online market, particularly in sectors such as live e-commerce, pharmaceuticals for the elderly, and automotive platforms, with a focus on illegal activities like data theft and false advertising [3] - In 2025, a total of 1,932 cases of unfair competition were investigated, resulting in fines totaling 71.5294 million yuan [3] - The regulatory approach includes leveraging digital platforms for monitoring and enforcement, encouraging local market regulators to utilize big data analytics to enhance the detection of illegal activities [3][4]

步入2026年，保险资金积极探索服务科创企业的新思路、新方法，加大对前沿领域与新兴产业的支持力 度，展现出加快向"耐心资本+创新保单"双轮驱动模式演进的态势。 业内人士表示，在资金端，险资不断丰富"工具箱"，通过股、债、基、另类等工具，为集成电路、人工 智能、生物医药等赛道注入"耐心资本"，构建起全周期投融资支持体系。在产品端，科技保险持续迭 代，正在重新定义在培育新质生产力过程中的价值，保障链条从研发拓展至产业化全流程，针对人形机 器人、商业航天、低空经济、生成式AI等前沿场景，提供定制化"创新保单"，延展共保体机制，为企业 创新提供关键的风险"减震器"。 人保资产相关负责人表示，应加强专业赛道研究，赋能一级、二级市场科创投资。用好"股权基金+股 权计划"的投资模式，加强与优秀管理人、优质国企、产业龙头及政府平台合作，着力抓大项目、标杆 投新投未来 当前，在政策引导下，险资通过"直接+间接"方式覆盖科创企业投资，形成了包括股、债、基、另类等 工具在内的多元化投资布局，覆盖了人工智能、半导体、高端制造、新材料、新能源等诸多领域。业内 人士表示，通过多元工具矩阵，险资基本构建起从种子期、初创期、成长期到成熟期的 ...

白山黑水，雪韵凇情。作为植根于东北广袤热土、从这里走向全国资本市场的上市券商，东北证券自 1988年在吉林长春启程，其发展血脉便与这片承载着共和国工业记忆、正奋力谱写全面振兴新篇的土地 紧密相连。 党的二十届四中全会明确提出，建设现代化产业体系，巩固壮大实体经济根基；加快高水平科技自立自 强，引领发展新质生产力。 风雷激荡，顺势而为。新质生产力驱动产业变革，呼唤资本市场服务模式创新。在安桂武看来，新质生 产力源自技术革命性突破、生产要素创新性配置与产业深度转型升级，具备高科技、高效能、高质量的 鲜明特征。这要求证券公司升级服务模式，从传统的通道型服务向全生命周期的综合金融服务转型，精 准引导资本投向科技创新、绿色发展、先进制造等重点领域，推进科技创新与产业创新深度融合。 在此背景下，东北证券积极把握战略方向，重点锚定新一代信息技术、高端装备、新材料、生物医药等 战略性新兴产业，系统布局细分赛道，通过股权债权融资、产业链重组、业务资源配置等多种方式，助 力科技型企业加快成长，以实际行动支持国家创新驱动发展战略，助力新质生产力培育和发展。 站在新的历史起点，这家以地域为名、却胸怀"国之大者"的券商，正将自身积淀的 ...

根据公告，中国人寿寿险公司拟出资约84.92亿元，与关联方共同设立"北京国寿养老产业股权投资基金 二期（有限合伙）"，合伙企业全体合伙人认缴出资总额85亿元，存续期长达15年。合伙企业将专注于 养老产业领域投资，围绕存量养老不动产项目并购以及新增养老不动产项目拓展两条主线，持续赋能国 寿康养生态圈的构建；同时通过对养老不动产项目的投资，来实现持续的资产管理和经营管理，获取运 营收入和资产增值收益。 聚焦养老领域，中国人寿集团早已选择了一条体系化的发展道路。目前，中国人寿集团已多业态布局全 国17个城市、20个养老养生项目。国寿健投公司是集团旗下专业化健康养老投资和养老运营子公司，已 设立管理总规模500亿元的国寿大健康基金，设立总规模200亿元的国寿大养老基金。 从中国人寿寿险公司的另一则公告来看，该公司拟出资40亿元，参与设立"汇智长三角（上海）私募基 金合伙企业（有限合伙）"，合伙企业全体合伙人认缴出资总额50.515亿元。合伙企业将以人工智能引 导科技创新、产业升级为主线，与上海市和浦东新区市区两级开展合作，以参股型私募股权投资方式， 重点投向人工智能技术和相关应用，以及生物医药等科技创新产业。 股权投 ...