Core Insights - China Minmetals Group held its 2026 work conference, emphasizing the continuation of its operational management system and the implementation of the "Amoeba" business model, resulting in a significant increase in operational performance with a profit growth of 10.2% year-on-year and a 67% increase in key mineral product output [1] - During the 14th Five-Year Plan period, China Minmetals achieved high-quality completion of planning indicators, with an average profit increase of 93.7% compared to the 13th Five-Year Plan, and maintained a top 100 position in the Global Fortune 500 [2] - The company aims to enhance its core functions in ensuring national metal mineral resource supply and security, and to strengthen its competitive edge in integrated development during the 15th Five-Year Plan period [3] Summary by Sections Operational Performance - In 2025, China Minmetals reported a profit increase of 10.2% year-on-year and a 67% rise in key mineral product output, showcasing significant growth in its core metal mining functions [1] Strategic Achievements - The company has consolidated its full industry chain development advantage, integrating resource exploration, design, construction, operation, smelting, trade logistics, technology, and finance, achieving a 93.7% increase in average profit during the 14th Five-Year Plan [2] - China Minmetals has been recognized with an A-grade in performance assessments for five consecutive years and has added 25 national-level specialized "little giant" enterprises and 13 manufacturing champions [2] Future Development Goals - For 2026 and the 15th Five-Year Plan, the company plans to enhance its core functions in resource supply and security, and to focus on integrated high-level development, emphasizing safety and resource consolidation [3] - The company aims to strengthen its management system, promote quality and reasonable growth, and advance technological and industrial innovation, while also modernizing its governance capabilities through state-owned enterprise reforms [3]

Core Viewpoint - The company, Sumida (600710), is capitalizing on the growing global demand for oil tankers and has successfully secured multiple MR tanker construction orders, indicating an expansion of its shipbuilding business and optimization of its product structure [1] Group 1: Company Developments - In the past year, the company has won several MR tanker orders, enhancing its position in the dry bulk shipping industry while diversifying its shipbuilding portfolio [1] - The company has achieved full coverage of three main ship types: oil, bulk, and container ships, reflecting its strategic expansion in shipbuilding [1] Group 2: Market Outlook - By the second half of 2025, the container ship sector is expected to show strong performance with a surge in orders for feeder container ships, which the company is poised to take advantage of [1] - As of the end of Q3 2025, the company has a total of 79 vessels in hand, with production scheduled through the end of 2028, indicating a robust order backlog [1]

世界经济论坛组委会在对海信灯塔工厂的评价中说："在显示技术快速迭代、用户需求日益多元的电视 市场，海信电视工厂在新产品研发与制造全流程中采用了AI、大数据、模拟仿真和大规模VR技术，研 发周期缩短了34%，材料成本降低18%，新员工培训时间减少60%。" 据悉，海信电视灯塔工厂的成功打造得益于全链路的AI赋能。依托全链AI驱动，实现从用户需求洞 察、研发、生产到交付全流程的智能闭环，在效率、质量与柔性维度持续突破。 在用户需求洞察环节，工厂实现海量用户数据分钟级分析，用户声音转化为产品功能输入的时间缩短 62%。当前在高端市场备受欢迎的RGB-Mini LED电视E8S系列正是来自快速响应用户需求的成功实 践，其动态画面流畅度与色彩稳定性的升级精准命中消费痛点。 中证报中证网讯（记者 张鹏飞）1月19日，世界经济论坛第56届年会在瑞士达沃斯举行，论坛开幕当 天，全球"灯塔工厂"颁奖典礼隆重举行。海信电视工厂凭借"以用户为中心+全链AI智造""双引擎"数字 化转型，获评全球电视行业首家灯塔工厂。海信视像（600060）总裁李炜受邀出席颁奖晚会。 "对海信而言，这不仅是一项荣誉，更是对全球用户的承诺：我们将持续交 ...

据介绍，浦东环保能源秉承"做有责任的环保耕耘者"理念，立足"绿色低碳践行者、智慧能源服务商"的 功能定位，依托"环保+新能源+算力"的产业融合布局，重点聚焦城市固废处理、可再生能源开发及数 智能源三大核心业务领域。本次公司债券主要用于归还有息负债和置换科技领域股权出资，旨在调整发 行人负债结构、降低融资成本、支持公司科创领域发展。 本次科技创新公司债券的成功发行，彰显了浦东环保能源在科技创新领域的核心竞争力与深厚发展潜 力，也体现了资本市场对浦东环保能源科创业务布局的高度认可，为浦东环保能源拓宽资本市场融资渠 道，进一步做好科技创新，并持续围绕"资源化利用"和"绿色能源"两大发展主线，提供了坚实的资金保 障与强劲的发展动能。 中证报中证网讯(记者林倩)1月19日，上海浦东环保能源发展有限公司2026年面向专业投资者公开发行 科技创新公司债券(第一期)在上海证券交易所完成发行。本期公司债由国泰海通证券担任独家主承销 商，发行规模为7亿元，票面利率为1.90%。本期债券的顺利发行，是上海浦东环保能源发展有限公司 在资本市场的首次亮相，标志着公司在资本市场融资领域新添重要成果，也为公司科技创新奠定坚实资 金基础。 ...

2023年12月，百利天恒就公司自主研发的iza-bren(BL-B01D1、EGFR×HER3双抗ADC)项目与BMS(百时 美施贵宝)达成独家许可与合作协议，在全球范围内进行共同开发和商业化。根据合作协议，BMS将向 百利天恒支付8亿美元的首付款，和两笔2.5亿美元的近期或有付款；达成开发、注册和销售里程碑后， 百利天恒将获得最高可达71亿美元的额外付款；潜在总交易额最高可达84亿美元，创下了全球ADC领 域对外授权的单药总价纪录。 第三方医药数据情报分析平台"丁香园Insight数据库"显示，目前全球范围仅有10款生物药新药用于食管 癌治疗，但尚未有ADC获批。如获批准，BL-B01D1将成为全球首个适用于食管癌治疗的ADC药物。 中证报中证网讯(记者吴科任)1月20日，国家药品监督管理局药品审评中心(CDE)官网显示，百利天恒1 类新药注射用药品BL-B01D1上市申请于当日获受理。该药物的适应症为：用于既往经PD-1/PD-L1单抗 联合含铂化疗治疗失败的复发性或转移性食管鳞癌。该适应症此前已被CDE纳入突破性治疗品种名单。 公开信息显示，BL-B01D1(Iza-bren)是一款全球首创双抗ADC ...

Group 1 - The core viewpoint is that the transformation from "space builders" to "comprehensive urban operation service providers" is essential for survival in the real estate industry [1] - The key to success lies in the reconstruction of four core capabilities: transitioning from scale to quality, from development to service, from incremental to stock, and from traditional to technology [1] - Companies need to establish refined R&D, digital user management, precise marketing, and robust cash flow management capabilities [1] Group 2 - The first judgment on the future of the real estate industry is that the transformation is irreversible, with single development and sales models expected to exit within 3-5 years [2] - The focus will shift to high-energy cities, where only products and services that match their development capabilities will ensure survival [2] - The integration of urban renewal and operation will create a trillion-level market during the "14th Five-Year Plan" period, providing historic opportunities for companies with integrated capabilities in investment, planning, construction, and operation [2]

Core Viewpoint - Lushan New Materials (鹿山新材) is focusing on the development of packaging materials for high-performance solar cells, specifically targeting perovskite, P-type heterojunction (HJT), and gallium arsenide batteries to support the implementation of space photovoltaic technology [1][2] Group 1: Perovskite Battery Packaging - The company has developed a specialized thermoplastic film for perovskite batteries characterized by "low corrosion, high barrier, and strong compatibility," addressing sensitive industry pain points in packaging processes [1] - This product has been validated by leading companies in the perovskite battery sector, such as Xina Photonics and GCL-Poly, with some clients entering mass production [1] - The company is building a patent barrier around low-temperature crosslinking and multilayer composite packaging technologies [1] Group 2: P-type Heterojunction Battery Packaging - Since 2020, the company has been collaborating with Junshi Energy to develop packaging materials for P-type heterojunction batteries, achieving significant bonding strength at the battery-module interface [1] - This technology is currently in small-scale validation with leading aerospace manufacturers, potentially accelerating the large-scale application of P-type heterojunction batteries in space photovoltaic fields [1] - Future directions include "spectrum optimization, radiation resistance enhancement, and ultra-thin flexible packaging" to improve conversion efficiency and environmental resilience under space conditions [1] Group 3: Gallium Arsenide Battery Packaging - The flexible packaging solution for gallium arsenide batteries significantly enhances adhesion to polyimide films, effectively protecting sensitive battery structures and accommodating large curvature deformations without stress concentration risks [2] - This solution has been validated by multiple leading aerospace companies since 2022 and has begun mass supply, providing technical support for the commercial application of gallium arsenide batteries in the aerospace sector [2] - The company aims to meet the customization, reliability, and cost-effectiveness demands of space photovoltaics by focusing on "packaging materials and process solutions" and deepening industry-academia-research collaborations [2]

1月20日，重庆川仪自动化股份有限公司(股票代码：603100，证券简称：川仪股份（603100）)发布 2025年三季度权益分派实施公告，公司拟以总股本51317.3176万股为基数，向全体股东每股派发现金红 利0.3元(含税)，合计派息1.5395亿元(含税)。公告明确，本次分红股权登记日为2026年1月23日，除权除 息日及红利发放日均为2026年1月26日，现金红利按差异化股息红利税收政策执行。该方案已于2025年 12月29日经公司第六届董事会第十四次会议审议通过，依据2024年年度股东大会授权实施。(王珞) ...

中证报中证网讯（记者 罗京）1月19日晚，片仔癀（600436）发布公告称，公司近日收到通知，旗下公 司参与发起的中金医疗基金已在中国证券投资基金业协会完成私募投资基金备案手续，并取得《私募投 资基金备案证明》。 据介绍，中金医疗基金由片仔癀全资子公司漳州片仔癀投资管理有限公司（下称"片仔癀投资"）与中金 资本运营有限公司、漳州市产业股权投资有限公司等多方共同发起设立，目标募集规模10亿元。其中， 片仔癀投资作为有限合伙人以自有资金认缴出资2亿元，占基金比例的20%。 值得注意的是，此次片仔癀参与设立的中金医疗基金，是漳州市"圆山计划"下设的第四只产业基金。该 计划于2024年4月由漳州市政府启动，旨在推动两岸医药、医疗、医养、医旅融合发展，进一步壮大中 医药产业。根据规划，"圆山计划"将分批次组建总规模50亿元的产业基金，以地方政府与国资为主导， 引导社会资本共同投入。 近年来，片仔癀持续推动医药主业与相关产业投资双向发力。一方面，公司围绕中成药、化药创新药、 大单品、医药商业、日化美妆五大方向强化主业；另一方面，通过并购与投资延伸产业链，发挥品牌 与"链主"作用，构建以片仔癀为核心的大健康产业生态圈。片仔 ...

Group 1 - The core technology of "precise disinfection treatment and control key technology for single village water stations" has been officially recognized as "advanced practical technology" by the Ministry of Water Resources [1] - This technology addresses issues such as unstable disinfection effects and management difficulties in single village water stations and rural water plants, proposing a solution centered on precise control of residual chlorine [1] - The technology includes real-time monitoring of key parameters like pipeline length, residual chlorine, and temperature, utilizing dynamic algorithm models and PLC intelligent control for high-precision, fully automated dosing of disinfectants [1] Group 2 - The integrated equipment developed from this technology is modular and can be quickly deployed, with a flexible dosing range of 1L/h to 24L/h [1] - The innovation incorporates a solar power system, ensuring stable operation for over seven days even in continuous rainy weather, addressing power supply challenges in remote areas [1] - Actual application data shows that the residual chlorine concentration can be maintained within the national safety standard range of 0.05mg/L to 0.15mg/L, significantly improving the microbiological safety and reliability of rural water supply systems [1] Group 3 - The company aims to deepen the "Water Enriching Neighbors" brand construction and accelerate the transformation and large-scale application of rural water supply technology achievements [2] - The commitment is to build a safer, more efficient, and sustainable rural water supply system, providing solid water conservancy technical support for the comprehensive promotion of rural revitalization [2]