中证网讯 ①11月30日，国家统计局服务业调查中心和中国物流与采购联合会发布了中国采购经理指 数。11月份，制造业采购经理指数（PMI）为49.2%，比上月上升0.2个百分点；非制造业商务活动指数 为49.5%，比上月下降0.6个百分点；综合PMI产出指数为49.7%，比上月下降0.3个百分点，我国经济景 气水平总体平稳。 ③11月28日，首批7只跟踪中证科创创业人工智能指数的ETF正式发行，其中，部分产品已率先提前结 募。（张凌之） ② 11月28日，中证指数有限公司宣布将调整沪深300、中证500、中证1000、中证A50、中证A500等指 数样本，此次调整为指数样本的定期调整，将于12月12日收市后正式生效。沪深300指数更换11只样 本，华电新能（600930）、东山精密（002384）等调入指数；中证500指数更换50只样本，和而泰 （002402）、华虹公司等调入指数；中证1000指数更换100只样本，仕佳光子、永鼎股份（600105）等 调入指数。 ...

Core Insights - The 20th "Golden Roundtable Award" ceremony for Chinese listed companies was successfully held in Jiangyin, marking a significant event in corporate governance in China [1] - The event was organized by the "Board of Directors" magazine and aimed to promote excellent governance practices and support high-quality development of modern enterprises [3] Group 1 - The "Golden Roundtable Award" has recognized over 700 companies over its 20-year history, serving as an important platform for recording and promoting advancements in corporate governance in China [1] - Jiangyin's GDP is projected to exceed 512.6 billion in 2024, maintaining its position as the top county-level economy in China for 23 consecutive years [3] Group 2 - Experts provided in-depth insights on corporate governance, with a focus on the regulatory framework and development trends, offering suggestions for standardized operations of listed companies [4] - The importance of strategic planning and management in corporate governance was emphasized, using the example of Changdian Technology's acquisition of Xingke Jinpeng [4] - The role of AI in building sustainable development systems for listed companies was discussed, highlighting its potential to enhance market value through value creation, capital operation, and value communication [4]

Core Viewpoint - Hengli Group donated 30 million HKD to support residents affected by the fire in Tai Po Hongfu Garden, Hong Kong [1] Company Overview - Hengli Group is an international enterprise developing through a full industrial chain model in refining, petrochemicals, polyester new materials, and textiles [1] - The group owns one of the largest PTA plants globally and is among the largest functional fiber production bases and weaving enterprises [1] - Hengli Group is ranked 81st in the Global Fortune 500, 21st in China's Top 500 Enterprises, 3rd in China's Top 500 Private Enterprises, and 3rd in China's Top 500 Manufacturing Enterprises for 2024 [1] Social Responsibility - Hengli Group actively fulfills its social responsibilities and supports charitable causes, assisting vulnerable groups [1] - Since its establishment, the company has donated a total of 2 billion RMB across various charitable initiatives [1]

Core Viewpoint - The innovative drug sector has experienced adjustments over the past two months due to both internal factors, such as previous significant gains and high market expectations, and external factors like the performance of other sectors and capital diversion [1] Summary by Relevant Categories Market Performance - The innovative drug sector's strong performance this year has been driven by stable domestic product sales and the opening of valuation ceilings for innovative drugs going overseas [1] Future Outlook - The innovative drug sector is likely to exhibit a differentiated market trend in the future, with the core variable being the clinical advancement following BD transaction authorizations [1] - Companies with rapid clinical progress are expected to perform better, while those struggling with external authorization cooperation or slow clinical advancement may find it challenging to achieve significant valuation increases at current levels [1] Investment Focus - Attention should be given to companies with rich R&D pipelines, systematic domestic commercialization capabilities, and global clinical value for potential blockbuster products [1]

Core Viewpoint - The focus is on the potential of dual antibodies and ADC (antibody-drug conjugates) in the oncology sector, highlighting their broad therapeutic applications and significant overseas commercial potential [1] Group 1: Oncology Sector Insights - The oncology field, particularly dual antibodies and ADC products, is seen as having extensive potential due to the complexity of solid tumor indications [1] - There is a notable overseas commercial potential for these innovative drug segments [1] Group 2: CXO and R&D Services - The recovery in domestic and international innovative drug R&D and financing is expected to sustain a high level of prosperity in the CXO (Contract Research Organization) sector, especially in the ADC and broader XDC (various conjugated drugs) fields [1] Group 3: Investment Strategy and Market Outlook - The development and clinical trials of innovative drugs typically require several years for approval and commercialization, indicating a gradual rather than immediate market performance [1] - The innovative drug sector is anticipated to experience more frequent and significant milestone events by 2026, suggesting that both short-term trading opportunities and long-term investment strategies could perform well in this sector [1]

此前，西藏金租已被吊销金融许可证。金融监管总局网站4月29日披露的行政处罚信息显示，因通过编 造虚假业务等方式隐匿关联交易、部分租赁业务经营严重不审慎形成风险、报送虚假报表资料、公司治 理和内部控制失效等，严重违反审慎经营规则等，西藏金租被吊销金融许可证。 中证报中证网讯(记者陈露)全国企业破产重整案件信息网近日披露的信息显示，西藏金融租赁有限公司 申请破产审查，办理人为北京金融法院。 天眼查信息显示，西藏金租成立于2015年5月，注册资本50亿元，东旭集团有限公司为其第一大股东， 持股比例为48.48%。 ...

Core Viewpoint - The "2025 Hong Kong-Shenzhen New Quality Agricultural Finance and Global Innovation Forum" was held, focusing on agricultural financial innovation and the assetization of Real World Assets (RWA) [1] Group 1: Event Overview - The forum was co-hosted by Baoji Capital and Huaxia Digital Capital, attracting nearly 200 guests from various sectors including regulatory bodies, financial institutions, listed companies, industry leaders, and research institutes [1] - The event showcased the latest practices in agricultural financial innovation and RWA assetization in Hong Kong and Shenzhen, emphasizing regulatory compliance, investment banking services, industry chain upgrades, and digital infrastructure [1] Group 2: Collaborations and Agreements - Multiple industry financial cooperation agreements were signed during the event, including projects related to Huazhou Orange, Yantai Apple, and Changbai Mountain Ginseng [1] - Baoji Capital established agricultural investment cooperation with Panong Technology and a green energy RWA fund collaboration with Tian Tie Technology, marking a practical step towards the standardization and assetization of agricultural assets [1] Group 3: Future Outlook - Industry insiders believe that with more projects being implemented and regulatory frameworks becoming clearer, agricultural RWA is expected to become one of the most strategically valuable financial innovation tracks in the next five years [1] - This development is anticipated to open new avenues for the assetization, digitalization, and internationalization of Chinese agriculture [1]

当天发布会上，金马游乐与国内多家文旅文娱领域的头部企业签订合作协议，现场签订订单超千台。下 阶段，金马游乐将与各方建立紧密合作关系，将"机器人+文旅+场景"融入到市场，共同推进文旅文娱 具身智能机器人在相关场景的部署与应用。 在此次发布会上，金马游乐还公布了文旅、文娱场景机器人产品的战略布局与规划。金马游乐表示， AI技术正在重塑文旅产业，从设备制造到体验设计，从运营管理到商业模式，每一环节都面临变革。 未来文旅文娱场景化布置将不再是单一的游乐设施集合，而是一个能够情绪互动、进化学习并与游客共 同成长的有机体。公司将坚持"技术驱动、场景创新、生态协同"的战略，聚焦具身智能赛道，打造全球 领先的文旅文娱科技企业。 中证报中证网讯（记者 武卫红）11月28日，在2025粤港澳大湾区文化产业投资大会上，金马游乐 （300756）举办主题为"乘时代风潮，拓战略蓝海"的文旅文娱机器人应用场景发布会，发布文旅文娱具 身智能机器人产品。当天，公司还公布了在文旅、文娱场景机器人领域的战略布局，将为主题公园、景 区、院线、商业综合体等场景提供全新的智能化解决方案。 最新发布的文旅文娱具身智能机器人专门针对主题公园、景区、商业综 ...

中证报中证网讯(记者武卫红)11月28日，三孚新科和讯隆益联联合主办的"三维赋能集流未来——三孚 新科&讯隆益联3D复合集流体(Cu)新品发布会"在广州举行，双方共同发布3D复合集流体新产品。 三孚新科表示，3D复合集流体新产品于2025年11月试产成功，现在已正式进入应用推广阶段。目前， 公司已与多家头部客户推进送样测试，已有小批量订单。未来公司将以此为起点，共同推动新能源锂电 池集流体材料革新，赋能高端制造业发展。 "3D复合集流体技术不仅能显著提升锂电池的能量密度、导电率和安全性能，更能精准适配固态电池、 硅碳负极电池等前沿应用场景。"发布会现场，中关村新型电池技术创新联盟理事长于清教表示，这项 技术为传统液态锂电池和下一代电池技术的迭代升级提供了关键支撑。 在性能优势方面，在延续传统PP复合铜箔优势基础上，3D复合集流体新产品在电池能量密度、充电倍 率、安全性方面实现了关键性能的多维突破，可以满足高端消费电子电池、动力电池及特种储能系统对 高安全性、轻量化及长循环寿命的要求。 集流体是锂电池系统中承载电极活性物质并实现电流汇集的核心组件，其性能直接影响电池的整体表 现。据介绍，此次发布的3D复合集流体 ...

Group 1 - The core idea of the news is that Emei Mountain A is launching a shareholder return activity in 2025 to enhance shareholder engagement and showcase its cultural and ecological tourism resources [1] - The shareholder return activity will take place from December 1, 2025, to January 31, 2026, excluding national holidays, and is open to individual shareholders holding 500 shares or more, as well as representatives from corporate shareholders [1] - The activity will offer various benefits including tickets, cable cars, hotels, hot springs, skiing, tea, and cultural products [1] Group 2 - Emei Mountain A is focusing on the integration of culture and tourism, infrastructure upgrades, and digital transformation to elevate its status from a traditional scenic area to a world-class tourism benchmark [2] - The company aims to diversify its revenue streams beyond traditional ticket and cable car sales by implementing an integrated marketing and cross-industry approach [2] - Emei Mountain A is expanding its business segments to include ticket sales, cable cars, hotels, tea, big data operations, cultural media, and travel agencies, transitioning to a diversified industry development model [2] Group 3 - To achieve its goal of becoming a globally renowned tourist destination, Emei Mountain A is investing over hundreds of millions in hardware upgrades through the "Three Stations and One Road" project [3] - The project includes the construction of three major stations and the completion of the scenic section of the Sichuan Zero Road, facilitating closed-loop tourism traffic [3] - Emei Mountain A has been advancing its digital transformation for over 20 years and is now entering a new phase of deep integration with AI, achieving a collaborative upgrade across multiple dimensions [3]