今年德州冬小麦普遍播期晚、出苗晚，田间管理尤为关键。几天前的一场寒潮与降雪，给小麦的保 温保墒、促弱转壮带来了一些新问题，德州种粮大户和农技人员及时出招应对。 日前，在武城县武城镇南北官庄村种粮大户刘凯的麦地里，工人分工协作，正有条不紊地为小麦幼 苗铺设地膜，一派繁忙的冬管景象。"铺地膜的作用首先是保墒，能锁住田间水分，能提高地温，地温 能提高到1～3℃。"刘凯介绍。 晚播小麦遇寒潮，德州种粮大户和农技人员出招应对 麦田盖上"保温被" 最近这轮降雪导致表墒增加，是否还需要浇越冬水？"不能急，需依土壤墒情与气温具体情况来作 决定。"寒潮降雪后，乐陵市农业农村局成立技术指导组，深入孔镇、丁坞等乡镇，实地查看了积雪厚 度和土壤墒情，认为不能一概而论。具体如何判断呢？罗凯说，若耕层土壤相对湿度低，且未来几日平 均气温稳定在3～5℃、无冰冻，可适时浇灌以补充水分；若气温降至0℃以下，土壤易结冰，严禁浇 水，以防冻伤根系、造成土壤板结，影响麦苗安全越冬，"即使浇也是浇小水，切忌大水漫灌"。 麦苗受冻情况也应该及时关注。夏津县农业农村局高级农艺师郑日英到香赵庄镇查看苗情后提醒种 粮户，雪后应及时关注麦苗受冻情况，重点关注叶 ...

Core Insights - The rural road network optimization project in Zibo has exceeded its annual target, achieving a completion rate of 111% by constructing 147 kilometers of roads against a planned 132 kilometers for 2025 [2][3] - The total length of rural roads in Zibo has reached 10,356 kilometers, with a density of 195.9 kilometers per 100 square kilometers, establishing a comprehensive and efficient rural transportation infrastructure [2][3] Group 1: Project Overview - The rural road network optimization project is one of Zibo's top ten livelihood initiatives, aimed at enhancing rural connectivity and supporting local industries such as tourism and agriculture [2] - The project has successfully created a provincial-level demonstration city for "Four Good Rural Roads," with several counties achieving national demonstration status [2] Group 2: Economic Impact - Upgraded rural roads have significantly improved villagers' daily lives, facilitating easier access to schools and healthcare services [3] - The completion of the Qichang Great Wall Scenic Corridor has boosted local tourism, generating over 15 million yuan in tourism revenue, a 50% increase since its opening [3][4] Group 3: Development Strategy - Zibo has adopted a development philosophy centered on enhancing economic growth through improved road infrastructure, encapsulated in the slogan "prosper through roads, beautify through roads, and enrich through roads" [4] - The city has developed a comprehensive tourism traffic plan, including a 2,150-kilometer scenic road system and investments in public transport to enhance visitor experience [4]

12月18日，省工业和信息化厅公示了第二批山东省工业遗产名单，聊城市景阳冈陈酿酒窖池群及酿 酒作坊、临清贡砖古窑及烧制工坊2处工业遗产成功入围，数量列全省首位。 "景阳冈陈酿酒窖池群及酿酒作坊"工业遗产，由建于20世纪70年代的两座老酒窖改建而成，收集企 业工业化进程中用到的老物件、老档案300余件；"临清贡砖古窑及烧制工坊"工业遗产始于明永乐初 年，历经明清两代鼎盛发展，至今已有500余年历史。 工业遗产是工业文化的重要载体，记录了工业发展不同阶段的重要信息，见证了发展的历史进程。 近年来，聊城高度重视工业遗产保护与利用，坚持"保护优先、合理利用"原则，持续深化工业遗产资源 挖掘与系统管理，聚焦遗产活化利用，推动工业遗产与文化传承深度融合，以点带面激发工业文化活 力，为传统产业转型赋能。截至目前，累计培育国家级工业遗产1处、省级3处。 下一步，聊城将持续深挖工业遗产的历史价值与时代内涵，活化利用老厂房、老设备等工业遗存， 为工业经济高质量发展注入文化动能。（记者 薛良诚 通讯员 李绍远） ...

Group 1 - The Ministry of Industry and Information Technology (MIIT) has announced the first batch of 43 biomanufacturing pilot capacity building platforms, selected through recommendations from provincial authorities, expert evaluations, and public announcements [1] - Notable companies included in the list are Shandong Qilu Pharmaceutical Co., Ltd. (biopharmaceuticals), Shandong Longkete Enzyme Preparations Co., Ltd. (enzyme preparations), and Shandong University (food and additives, enzyme preparations) [1] - The MIIT aims to promote collaborative innovation across the industry chain by focusing on key product areas such as food and additives, biopharmaceuticals, cosmetics, chemicals, energy, and enzyme preparations [1] Group 2 - Platforms listed must concentrate on their respective service areas, increase resource investment, enhance hardware and software infrastructure, and improve professional talent training [1] - The MIIT will conduct annual evaluations of the platforms based on their hardware and software levels, the quantity and quality of pilot services provided, and will dynamically adjust the service capability ratings [1] - Platforms that fail to meet service capability and effectiveness requirements, or violate regulations related to intellectual property, safety production, environmental protection, and quality safety, will be removed from the list [1]

Group 1 - The meeting emphasized the importance of Xi Jinping's discourse on ideological and political work, highlighting its political, targeted, and guiding nature, which provides direction and fundamental adherence for effective work [1][2] - The "Regulations on Ideological and Political Work of the Communist Party of China" clarifies the system, responsibilities, content, methods, and objectives of ideological and political work, which is significant for enhancing the scientific, institutional, and standardized level of such work [1] - The meeting called for a deep understanding of the decisive significance of the "two establishments" and the "two safeguards," stressing the need to grasp the political attributes of government agencies and effectively implement ideological and political work within the government system [1] Group 2 - The meeting highlighted the necessity to maintain the initiative in ideological struggles, improve political sensitivity, and enhance the ability to discover, assess, and resolve ideological risks to safeguard ideological security [2] - It was emphasized to consolidate and expand mainstream ideological discourse, focusing on economic publicity and guiding public opinion, while promoting a favorable environment for sustained economic stability and quality improvement [2] - The meeting underscored the strict implementation of the ideological work responsibility system, ensuring accountability among government system party members to foster a model agency that earns the trust of the Party Central Committee and satisfies the public [2]

Group 1 - The core viewpoint of the articles highlights that gold prices have reached historic highs, with the New York Mercantile Exchange gold futures surpassing $4,430 per ounce on February 21, 2026 [1] - London spot gold prices also broke the $4,400 per ounce mark on February 22, marking another historical peak [2] - The surge in gold prices is attributed to escalating geopolitical tensions and market expectations of further interest rate cuts by the Federal Reserve [2] Group 2 - Central banks around the world continue to purchase gold, contributing to the upward pressure on gold prices [2] - There has been a consistent inflow of funds into gold exchange-traded funds (ETFs), with data showing that these funds have experienced five consecutive weeks of inflows [2] - According to the World Gold Council, the total holdings of these funds have been increasing every month this year, except for May [2]

近日，国内化妆品企业丸美股份的运营主体——广东丸美生物技术股份有限公司（以下简称"丸美生物"）发布公告，宣布已正式向香港联合交易 所递交H股上市申请。 值得关注的是，此次递表距离该公司完成一系列监管整改仅相隔13天。今年10月底，丸美生物因财务核算、募集资金使用等问题收到广东证监局 出具的行政监管措施决定书，并于11月29日宣告整改完毕。 整改完成不足半月，公司便匆忙踏上赴港IPO之路，此举引发市场诸多疑问：这究竟是国际化战略的雄心，还是一场为缓解内部压力而进行的资 本运作？ 监管整改余波未平 治理合规存疑 公司治理的规范性是资本市场信任的基石，而丸美生物在这一基础环节暴露出的问题，让其赴港上市之路蒙上阴影。 销售与研发投入失衡 大额分红流向实控人 作为A股市场"眼霜第一股"，在2019年A股上市之初，公司曾创下营收18.01亿元、归母净利润5.15亿元的业绩峰值，但此后盈利水平持续波动下 滑，2021年归母净利润降至2.48亿元，2022年进一步下滑至1.74亿元，尽管2023-2024年有所回升至2.59亿元和3.42亿元，但仍未恢复至上市初期水 平。 来源：公司公告 10月30日，广东证监局向丸美生物出 ...

Core Insights - The traditional energy commercial vehicle sector still holds approximately 70% of the domestic market share, indicating that its foundation remains strong despite the acceleration of the new energy transition and deep industry restructuring [1] - China National Heavy Duty Truck Group (CNHTC) is not passively shrinking its traditional energy business but is strategically adjusting to achieve high-quality development through technological upgrades and ecosystem building [1][8] Technological Advancements - CNHTC is leveraging its national-level technology center and nearly a century of automotive experience to upgrade traditional energy products towards high efficiency and low carbon emissions [2] - The new generation of heavy-duty truck platforms features 307 patents, reducing drag coefficient to 0.45 and fuel consumption by 12%, ensuring the products remain at the forefront of industry efficiency and reliability [2] - The company is actively integrating new technologies with traditional energy products, with L2-level intelligent driving systems widely adopted in the sector, and aims for sales of high-level intelligent driving systems to reach 1,500 units by 2025, capturing over 40% of the domestic market [2] Ecosystem Development - In response to increasing market concentration, CNHTC is transitioning from a single product supplier to a comprehensive solution provider, offering a full lifecycle service system that enhances customer loyalty and market competitiveness [5] - The company is focusing on providing optimal Total Cost of Ownership (TCO) solutions through services covering purchase, usage, maintenance, and replacement [5] Market Expansion - Traditional energy commercial vehicles are not merely competing for existing market share; they remain irreplaceable in long-haul and complex operational scenarios, ensuring their core market position [6] - CNHTC has developed a comprehensive product matrix for traditional energy vehicles targeting specific scenarios like engineering construction and long-distance logistics, further solidifying its market leadership [6] - The overseas market is identified as a key growth engine for traditional energy business, with CNHTC exporting to over 150 countries and regions, achieving a record monthly export of 15,000 heavy-duty trucks by September 2025, and projecting an annual export of over 150,000 units, a year-on-year increase of 11% [6][8]

Core Viewpoint - Guizhou Bailing has been heavily penalized for financial fraud spanning from 2019 to 2023, with a total profit manipulation of 1.114 billion yuan, leading to significant fines for the company and its executives [1][2]. Financial Penalties and Fraud Details - Guizhou Bailing was fined 10 million yuan, while its actual controller and chairman Jiang Wei was fined 5 million yuan and banned from the securities market for 10 years [1]. - Other executives, including the former general manager and board members, received fines ranging from 350,000 to 2 million yuan, totaling 25.6 million yuan in penalties [1]. - The company manipulated profits by underreporting sales expenses and overstating profits over four years, with the most significant discrepancies occurring in 2019 and 2020 [1]. Company Performance - Guizhou Bailing reported revenues of 4.263 billion yuan in 2023, 3.825 billion yuan in 2024, and 2.102 billion yuan in the first three quarters of 2025, with year-on-year growth rates of 20.42%, -10.26%, and -24.28% respectively [2]. - The net profit figures were -412 million yuan in 2023, 37 million yuan in 2024, and 58 million yuan in the first three quarters of 2025, reflecting significant fluctuations in profitability [2]. Dispute with Huachuang Securities - A long-standing dispute with Huachuang Securities has escalated, originating from a 2018 rescue cooperation where Huachuang acquired a 11.54% stake in Guizhou Bailing for approximately 1.4 billion yuan [2][3]. - The relationship soured as Huachuang Securities began to exert control over the company, leading to allegations from Guizhou Bailing that Huachuang had transitioned from a financial investor to an actual controller [3]. - Legal actions have been initiated, with Guizhou Bailing accusing Huachuang of failing to sell its shares as agreed and manipulating stock prices through short selling [3][4]. Stock Market Impact - Guizhou Bailing's stock will be suspended for one day on December 22, 2023, and will resume trading under the new name "ST Bailing" on December 23, 2023, reflecting its status as a special treatment stock due to the financial penalties [1].

Core Viewpoint - Shandong Province is accelerating the construction of a geological key technology system to support high-quality development, focusing on technological innovation and the transformation of traditional geology into "digital geology," "green geology," and "safe geology" [2][5]. Group 1: Key Technologies and Their Applications - The Shandong Coalfield Geological Bureau has announced the first batch of 14 key core technologies across six major fields to enhance geological services [2]. - In the geological exploration field, two technologies were selected, including a collaborative three-dimensional exploration technique for iron ore and a high-precision comprehensive exploration technology for coal resources, which has been widely implemented in over ten provinces [2][3]. - In the clean energy exploration field, three technologies were selected, including underground space detection for salt caverns, which has identified 17 usable cavities with a total volume of 8.44 million cubic meters [3]. - The deep detection field includes two technologies that improve seismic imaging and disaster identification in coal mining areas, enhancing geological data accuracy [3]. - In the marine geology field, one technology focuses on beach evolution and restoration, creating a comprehensive coastal protection system [3]. - The disaster prevention and emergency rescue field includes four technologies aimed at improving mining safety and disaster prevention measures [4]. - The ecological restoration field features two technologies that promote integrated protection and restoration of various ecological elements [4]. Group 2: Achievements in Resource Exploration - The Shandong Coalfield Geological Bureau has successfully discovered over 10 billion tons of coal resources, contributing to the construction of multiple large-scale coal bases [5][6]. - A new direction for iron ore exploration has been established, with the discovery of a large iron ore deposit in coal-bearing strata, achieving an average iron content of approximately 55% [6]. - The exploration of multiple mineral types has seen significant progress, with over 20 gold exploration projects implemented and new methods developed for identifying mineral deposits [7]. Group 3: Digital Transformation Initiatives - The Shandong Coalfield Geological Bureau is focusing on digital transformation as a key strategy, integrating geological technology with artificial intelligence and big data [8]. - A unified information management platform has been established to enhance data value and streamline processes across various geological operations [8]. - Innovative practices in digital intelligence include the deployment of smart management systems in field exploration projects, enhancing safety and efficiency [9]. - The bureau has completed the standardization and digitization of over 17,000 drilling holes, facilitating better data management and application [9][10].