今天（1月19日）上午，内蒙古包头市召开新闻发布会，通报包钢股份板材厂爆炸事故相关情 况。 发布会通报，18日15时03分，包钢板材厂炼钢作业部的一个650m3饱和水、蒸汽球罐发生爆 炸。截至目前， 爆炸已造成厂区内2人死亡，8人失联，84人受伤在院治疗。 事故发生后，由消防、应急、公安、卫健、市场监管等部门组成的应急救援队伍，开展人员搜 救、伤员救治、家属安抚及善后处置等工作。截至目前，专业救援队伍仍在紧张有序开展搜救 工作，全力搜救失联人员。 发布会介绍，自治区已成立事故调查组深入调查事故原因和责任， 将对失职失责人员依法依 规严肃追责，绝不姑息。公安机关已依法对相关企业责任人采取措施。 来源丨央视新闻 编辑丨刘雪莹 SFC 2 智能 悦 读 · 权 威 . ry S 扫码点击下载 事故发生后，当地成立医疗救治领导小组，迅速开展伤员救治工作。收治的84名伤员，经自治 区卫健委专家组一对一评估，重症5人，其余79人均为头面部外伤和肢体软组织挫伤等轻伤， 目前所有伤员生命体征平稳。 发布会介绍，目前，针对事故可能造成的影响，当地已组织力量对厂区及周边5公里范围内安 全隐患进行全面排查。事故厂区已停止生产；城市 ...

从黑白的86版西游记 一只猴子，陪伴了几代中国人 还是一块屏的"七十二变" 广州黄埔区是全球最擅长"造屏"的地方之一 不到500平方公里的区域 诞生了全球七分之一的显示屏 三分之一的电视主控板卡 这里主打"屏"实力出圈 电视可以大，再大 镜片可以薄，更薄 如今8K的黑神话悟空 这背后，除了得益于影视技术的进步 甚至还有你绝对没见过的"刷屏" 这条全球顶尖的印刷OLED产线 正在刷新一块屏的极限 如今，黄埔区的新型显示产业聚链成谷 区内规上企业130多家 2025年前十一个月产业产值近1300亿元 从研发、显示材料，到面板模组、终端应用 谷里几条街的距离 一块屏就可以走完它的一生 这就是"产业谷"厉害的地方 无论你是老板还是打工人 来"谷"里干活，业绩拉满 邻居是你的甲方 楼上是要找的供应商 窗外是有1.5亿常住人口的超级市场 一个好产品可以快速试错、落地、爆发 打竞争对手一个措手不及 像这样的新兴产业谷 广东还有不少 如果你关注机器人 可以 去深圳坐地铁5号线 可以改搭14号线去坪山 了解这座全球新能源车产业链最密集的城市 这里聚集了大量汽车相关企业 2025年，深圳造了全国五分之一的新能源汽车 比亚迪的纯电 ...

Core Viewpoint - The photovoltaic industry is facing significant challenges, with multiple leading companies announcing substantial expected losses for 2025 due to ongoing supply-demand imbalances and price declines in key materials [1][2][4]. Group 1: Company Performance - Tongwei Co., Ltd. anticipates a net loss of 9 billion to 10 billion yuan for 2025, citing unresolved supply-demand issues and rising raw material costs [1]. - Longi Green Energy expects a net loss of 6 billion to 6.5 billion yuan for 2025, attributing this to persistent low operating rates and increased costs in the fourth quarter [1]. - Aiko Solar predicts a net loss of 1.2 billion to 1.9 billion yuan for 2025, impacted by structural overcapacity and ongoing price pressures [1]. - TCL Zhonghuan forecasts a net loss of 8.2 billion to 9.6 billion yuan for 2025, while JA Solar projects a loss of 4.5 billion to 4.8 billion yuan [2]. - Collectively, these five leading photovoltaic companies are expected to incur losses exceeding 28.9 billion yuan for 2025 [2]. Group 2: Industry Trends - The photovoltaic supply chain has experienced significant price fluctuations since 2025, leading to widespread losses among industry players [4]. - The Chinese government is expected to implement stricter capacity controls and project management to address the ongoing issues in the photovoltaic sector [4]. - Experts suggest that merely relying on government initiatives may not suffice, and more decisive measures may be necessary to stabilize the industry [4][5]. - The industry has been in a loss cycle for eight consecutive quarters, with a projected 33% reduction in workforce in 2024 [5]. - The average interest-bearing debt ratio in the industry has increased from 23% to 31% due to financial pressures [5].

一名欧盟外交官当天透露称，如果欧盟与美国未能达成协议， 报复性关税将从2月6日起自动 生效。 特朗普17日在社交媒体上宣布，将从2月1日起对来自丹麦、挪威、瑞典、法国、德国、英国、 荷兰和芬兰的输美商品加征10%关税，并宣称加征关税的税率将从6月1日起提高至25%，直到 相关方就美国"全面、彻底购买格陵兰岛"达成协议。 近日，挪威、瑞典、法国、德国、英国、荷兰和芬兰等欧洲国家宣布向格陵兰岛派兵，参加由 丹麦在该岛发起的"北极耐力"军事演习。 欧盟成员国召开紧急会议 央视新闻记者当地时间18日获悉， 欧盟多国正考虑对价值930亿欧元的输欧美国商品加征关 税，或限制美国企业进入欧盟市场 ，以反制美国总统特朗普为得到格陵兰岛而对欧洲8国加征 关税。 当天，欧洲理事会主席科斯塔发表声明称，他当天与各成员国就格陵兰岛最新紧张局势进行磋 商，再次确认了各国在国际法原则、领土完整和国家主权问题上支持丹麦和格陵兰岛的一致立 场。 科斯塔表示，各成员国一致认为加征关税将破坏跨大西洋关系，并与欧美贸易协议不符。 科斯塔还称，欧盟"随时准备捍卫自身免受任何形式的胁迫"，并且随时准备继续与美国就所有 共同关心的问题进行建设性接触。科 ...

Core Viewpoint - The A-share market has shown strong performance at the beginning of 2026, with significant increases in margin trading accounts and financing balances, indicating a robust influx of new capital into the market [1][2]. Group 1: Margin Trading and Financing Data - In 2025, a total of 1.5421 million new margin trading accounts were opened, marking a nearly ten-year high and an increase of over 50% compared to 2024 [1]. - By the end of 2025, the total financing balance surged from 1.85 trillion yuan to 2.52 trillion yuan, reflecting a growth of over 30% [1]. - As of January 13, 2026, the margin trading balance reached approximately 268.30 billion yuan, with a financing balance of about 266.54 billion yuan [3]. Group 2: Changes in Financing Margin Ratio - On January 14, 2026, the Shanghai and Shenzhen Stock Exchanges announced an increase in the minimum financing margin ratio from 80% to 100% to stabilize the market and protect investors [2][4]. - This adjustment is aimed at reducing leverage levels and is applicable only to new financing contracts, while existing contracts will continue under previous regulations [5]. Group 3: Inflow of New Capital - The structure of new capital entering the A-share market is under scrutiny, with expectations that high-net-worth individuals will initially drive market participation, followed by an increase in ordinary residents' investments as their risk appetite improves [1][8]. - It is projected that the total new capital inflow for 2026 could reach 2 trillion yuan, influenced by historical patterns and the gradual entry of resident funds into the market [8]. Group 4: Market Outlook and Investment Trends - Financial institutions maintain an optimistic outlook for the A-share market, driven by increasing investor confidence and a stable upward trend [10]. - Key investment areas include AI, high-end manufacturing sectors such as military and nuclear power, and the transformation of traditional industries through AI [10]. - The focus for 2026 will also include technology innovation and the rebalancing of supply and demand in cyclical products, with significant opportunities in the semiconductor industry and other emerging technologies [11].

Core Viewpoint - The article discusses the recent controversy surrounding Xibei's frozen organic broccoli, highlighting the company's response to consumer concerns and the implications of social media on business operations [1][5]. Group 1: Company Response - Xibei's chairman, Jia Guolong, emphasized that the frozen organic broccoli used by the company is of the highest market grade, with prices 80% to 120% higher than regular broccoli [1]. - The broccoli is processed using ultra-low temperature freezing technology without preservatives, which helps retain vitamins, minerals, and dietary fiber, ensuring food safety through cold chain transportation [1]. - Jia Guolong stated that Xibei has a high turnover rate, ensuring that organic broccoli is used within two months, with a current standard of one month for usage [3]. Group 2: Social Media Impact - The article highlights the role of social media in shaping public opinion, noting that influential figures can significantly impact a company's reputation and operations [5][6]. - It mentions the concern over how a single social media post can lead to severe consequences for established businesses, such as Xibei, which has been operating for 38 years [5]. - The commentary from the People's Daily stresses the need for a balanced and rational approach to criticism of companies, warning against malicious online behavior that can harm businesses [6]. Group 3: Industry Context - The article points out that China is the world's largest exporter of vegetables, with frozen vegetables typically having a shelf life of 18 to 24 months [3]. - It raises concerns about the deteriorating online environment for private enterprises, which can threaten their survival and impact the broader economic landscape [5][6].

Core Viewpoint - The AIDC (Artificial Intelligence Data Center) sector is entering a critical transition period from "concept narrative" to "performance verification" driven by policies, technology, and global computing power demand by the end of 2025 to early 2026 [1] Group 1: Market Dynamics - The AIDC industry is entering a new phase of market differentiation due to the ongoing global AI competition, the implementation of domestic policies like "East Data West Computing," and accelerated technological iterations such as liquid cooling and high-speed interconnects [4] - The capital expenditure of major North American cloud providers reached $257.4 billion in the first three quarters of 2025, a 65% year-on-year increase, indicating a strong demand-side momentum [5] - Major domestic internet companies are expected to reach a peak capital expenditure of 77.2 billion yuan in Q4 2024, reflecting the urgency for cloud providers to layout the next round of intelligent computing centers [5] Group 2: Supply Chain Challenges - The effective supply of AIDC is constrained by multiple hard constraints, particularly in energy and equipment, with electricity demand for data centers expected to rise significantly [7] - By 2028, data center electricity demand in the U.S. is projected to account for 6.7%-12% of total electricity consumption, leading to an expanded supply-demand gap and rising electricity prices [7] - The global supply of gas turbines is highly concentrated, with three major companies holding 88% of the market share, creating an opportunity for Chinese manufacturers to enter the global supply chain [7] Group 3: Technological Innovations - Liquid cooling technology is becoming essential as AI chip power consumption increases, with a projected global penetration rate of 30% by 2026, representing a market space of approximately 68.8 billion yuan [8] - The shift to liquid cooling is expected to reshape the cooling equipment market and drive structural upgrades in data center power distribution systems [8] Group 4: Investment Opportunities - Companies with core customer resources, technological advantages, or the ability to solve key bottlenecks are becoming focal points for investment in the AIDC sector [10] - Key investment targets include IDC leaders with core internet clients, second-tier firms capable of absorbing overflow demand, and upstream suppliers of power distribution and cooling equipment [10] - Specific companies such as Shenghong Co. in power supply and cooling equipment are highlighted as key observation targets due to their potential to address bottlenecks in the industry [11]

Key Points - The State Council is focusing on measures to boost consumption and cultivate new growth points in service consumption, while also addressing overdue payments to enterprises and ensuring wage payments to migrant workers [2] - The tax authority is reminding taxpayers to self-check their overseas income for the past three years, with potential penalties for non-compliance [3] - The minimum down payment ratio for commercial property loans has been adjusted to no less than 30% [4] - Public rental housing tax incentives have been extended, including exemptions from land use tax and stamp duty for public rental housing projects [5] - China's annual electricity consumption is projected to exceed 10 trillion kilowatt-hours for the first time, reaching 10.4 trillion kilowatt-hours, which is more than double that of the United States [6] - Public pension funds can now be redeemed early without holding period restrictions, which is a positive development for investors [7] - The China Securities Regulatory Commission (CSRC) is emphasizing market stability and fair trading, while also addressing excessive speculation and market manipulation [8][9] - The CSRC is seeking public opinions on the draft regulations for derivative trading supervision to promote a healthy development of the derivatives market [9] - Tongwei Co. expects a net loss of 9 to 10 billion yuan for 2025 due to industry challenges, including supply chain issues and rising raw material costs [11] - Longi Green Energy anticipates a net loss of 6 to 6.5 billion yuan for 2025, citing ongoing low prices and cost pressures in the photovoltaic industry [13] - The U.S. plans to impose tariffs on goods from eight European countries, which may impact international trade dynamics [14] - Iran has dismantled a spy organization linked to unrest, highlighting geopolitical tensions [15] Industry Insights - The A-share market is expected to maintain a long-term bullish trend, supported by policy signals aimed at stabilizing the market and encouraging rational investment [25] - The market is experiencing a structural shift, with a focus on performance-driven investments as the narrative-driven trends fade [24] - The technology sector is anticipated to undergo a two-phase upward trend, with the first phase focusing on structural opportunities and the second phase driven by cyclical improvements and increased asset allocation towards equities [26]

主流国际长线基金已经回归中资股票融资发行项目。高盛近期介绍， 国际长线资金对港股IPO 的参与率已从低谷时期的10%—15%大幅攀升至近期85%—90%。 高盛亚洲（除日本外）股票资本市场主管王亚军日前在媒体会上透露， 此前撤出的海外资金 已有约五六成回流，主流长线国际投资者已经回归。 在此背景下，2026年港股IPO与再融资市场有望延续高度活跃。Wind数据显示， 2025年港股 再融资规模同比飙升逾278%。 王亚军预计，2026年再融资规模将维持高位，同时首发IPO项 目也将显著抬升。 在王亚军看来，市场结构亦将悄然生变：2025年以规模计，占据半壁江山的"A+H"占比预计回 落， 将有更多独立在港首次公开发行项目，这将再次测试港股市场的深度与韧性。 伴随活跃度提升，限售股解禁潮的影响亦受关注。广发证券预计，2026年3月与9月，市场或迎 来新一轮中大型公司解禁高峰。然而分析普遍认为，解禁不等于减持，优质公司完全有能力吸 引新的长期资金接盘。对此王亚军也强调，有序的换手过程可能推动市场实现上市公司与投资 者的双赢。 整体而言，在国际长线资金持续回流、企业融资需求旺盛的双重驱动下，港股资本市场正展现 出强 ...

记者从内蒙古自治区包头市应急管理、消防救援等多个部门获悉，截至18日17时30分，15时 许发生的包钢股份一板材厂爆炸事故造成2人死亡、5人失联，另有66人送医，其中3人重症。 事故发生后，自治区党委、政府高度重视，立即组织救援队伍到现场开展救援。事故原因正在 调查中。 SFC 来源丨新华社 编辑丨黎雨桐 见习编辑林芊蔚 ...