【 导读 】 嘉美包装 计划自1月26日停牌核查，此前股价累计涨幅超4倍 中国基金报记者 邱德坤 2026年 1月25日 晚间 ，嘉美包装 发布 公告称， 公司在 2025年12月17日至2026年1月23日 期间的 累计 涨幅 达 408.11%， 并且 多 次触及股票交易异常波动情形 。 公司股票短期内价格涨幅较大，已背离基本面。 2026年1月23日收盘，嘉美包装的静态市盈率为132.58倍、市净率为9.61倍，而其所属金属制品行业的静态市盈率为44.61倍、市净率为 3.24倍。 嘉美包装在 2025年12月16日 晚间发布公告称 ，公司 控股股东将变为 苏州逐越鸿智科技发展合伙企业（有限合伙）（ 以下简称 逐越鸿 智），实控人将变为 俞浩，系追觅科技创始人兼CEO（首席执行官）。 嘉美包装计划自 2026年 1月26日开市起 停牌核查，预计停牌时间不超过5个交易日。 截至2026年 1月23日 收盘 ，嘉美包装股价报 23.17元/股，涨幅达8.52%，总市值为243亿元。 公告提示非理性炒作风险 此前9次登上龙虎榜 嘉美包装公告称，公司的市盈率和市净率与同行业情况存在显著差异，存在市场情绪过热、非 ...

来源：新华社 1000余件张公巷窑出土瓷器首次集中亮相 实证其官窑属性 1000余件张公巷窑出土瓷器 1月24日在河南汝州 张公巷窑学术研讨会召开当日 首次集中亮相 该批瓷器 由新出土的94袋残片系统修复而成 涵盖碗、盘、炉、尊等30余种器型 其中不少为该遗址 首次发现 中国古陶瓷学会常务副会长沈岳明 总结会议成果时说 这批高水平、高质量、高等级 瓷器实物标本 是张公巷窑考古工作的重大突破 基本认定张公巷窑属宋金时期 产品具有御用性质 张公巷窑修复展出的莲花薰炉。（张公巷窑遗址考古队提供） 自本世纪初发现以来 张公巷窑便凭其精美绝伦、 品质上乘的产品 而引起国内外广泛关注 但关于窑址的性质、 年代以及究竟是否为 为长期困扰学界的 "北宋官窑"之谜 提供了关键线索 文献记载的"北宋官窑" 学术界争论不休 "在世界范围内 目前发现可明确指认 出自张公巷窑的完整传世器物 仅有2件 这使得张公巷窑的研究 曾长期受限于实物资料的匮乏" 中国古陶瓷学会会长孙新民说 这批瓷器 对于厘清 其在中国古代官窑体系中的坐标 具有不可替代的价值 张公巷窑修复展出的贴塑瓷尊。（张公巷窑遗址考古队提供） 张公巷窑遗址考古队领队赵文军介绍 ...

Group 1 - Tencent is launching a promotional campaign for its AI model "Yuanbao" by distributing a total of 1 billion yuan in cash red envelopes during the Spring Festival [2][3] - The campaign will start on February 1, with users able to reserve their participation in advance through the Yuanbao app, gaining additional lottery chances [2][3] - The initiative aims to enhance user engagement and promote new AI features within the Yuanbao app [2][3] Group 2 - According to a report by Quest Mobile, Yuanbao ranks among the top AI applications in terms of weekly active users, with 20.84 million users [9][12] - The report indicates a competitive landscape in the AI app market, with both general-purpose and specialized AI applications gaining significant user bases [10][12] - The leading general-purpose AI app, Doubao, has a weekly active user count of 155 million, showcasing the dominance of general AI applications in the market [12]

Group 1: New IPOs Overview - Three new stocks are available for subscription next week, including Beixin Life, Electric Science Blue Sky, and Linping Development [2][3] - Electric Science Blue Sky is a key supplier in the aerospace power sector, with a total of 174 million shares issued, ranking second in A-share IPOs since 2026, indicating a higher probability of winning for investors [3] Group 2: Beixin Life - Beixin Life's subscription code is 787712, with an issue price of 17.52 yuan per share and a price-to-sales ratio of 23.08 times [5] - The company focuses on innovative medical devices for precise diagnosis and treatment of cardiovascular diseases, becoming the first domestic company to offer a combination of FFR and IVUS products, filling a market gap [5][6] - Revenue projections for Beixin Life show significant growth, with expected revenues of 520 million to 560 million yuan in 2025, representing a year-on-year increase of 64.24% to 76.88% [6][7] Group 3: Electric Science Blue Sky - Electric Science Blue Sky's subscription code is 787818, with the issue price and earnings ratio yet to be disclosed, but the industry average PE ratio is 44.16 times [9] - The company specializes in the research, production, and sales of power energy products and systems, with applications ranging from deep-sea to deep-space [9][11] - Revenue for Electric Science Blue Sky is projected to be between 3.138 billion and 3.435 billion yuan in 2025, with a year-on-year change of -3.18% to 6.81% [12] Group 4: Linping Development - Linping Development's subscription code is 732284, with an industry average PE ratio of 26.36 times [14] - The company is engaged in the production of corrugated paper and boxboard, positioning itself as a resource utilization enterprise [14][15] - Revenue for Linping Development is expected to be between 2.640 billion and 2.780 billion yuan in 2025, reflecting a growth of 6.23% to 11.87% [17]

1月23日，国家自然科学基金委员会网站发布案件通报，内容如下： 案件通报（2026年第1批） 来源： 国家自然科学基金委员会网站 近期，国家自然科学基金委员会经委务会议审定，对相关科研不端行为和项目资金违规案 件涉事主体进行了处理。根据规定，现将有关情况通报如下： （一） 北京某高校张红宇 在2021年基金项目申请过程中存在向第三方公司购买申请书 代写服务问题。依据《国家自然科学基金项目科研不端行为调查处理办法》（以下简称《办 法》）相关条款，撤销相关基金项目（批准号82170191），追回已拨资金，取消国家自然科 学基金项目申请和参与申请资格5年（2025年5月27日至2030年5月26日），给予通报批 评。 （二） 浙江某高校易莹 2024年与2025年的基金项目申请书、 山东某高校田萍 2025年 的基金项目申请书，存在抄袭剽窃他人基金项目申请书内容问题，且在调查过程中试图掩盖 抄袭行为。依据《办法》相关条款，撤销相关基金项目申请（均未获资助），取消以上人员 国家自然科学基金项目申请和参与申请资格4年（2025年9月9日至2029年9月8日），给予 通报批评。 （三） 山西某高校游秀芬 2019年基金项 ...

Core Viewpoint - The article announces the passing of Lu Zhicheng, the former president and chairman of Tongfang Co., Ltd., who died on January 24, 2026, at the age of 78, highlighting his significant contributions to the company and the high-tech industry in China [1]. Group 1: Background and Contributions - Lu Zhicheng was born in August 1948 in Shanghai and graduated from Tsinghua University in 1977, where he later became a professor and doctoral advisor, focusing on the integration of HVAC technology and computer control [4]. - He founded Beijing Tsinghua Artificial Environment Engineering Company in 1989, driven by the ideal of "science and education revitalizing the country" and "serving the nation through industry" [4]. - In 1997, he played a key role in the restructuring of Tsinghua University’s enterprises, leading to the establishment and listing of Tongfang Co., Ltd., and laid the foundation for its "technology + capital" development strategy [4]. Group 2: Achievements and Legacy - Under Lu's leadership from 1997 to 2015, Tongfang focused on national needs and developed core businesses in information technology, public safety, and energy conservation, nurturing several well-known companies such as Tongfang Weishi and Tongfang Zhinet [5]. - He was instrumental in the development of the "large container inspection system" and the localization of microelectronic core components, enhancing China's security inspection capabilities [5]. - Lu's principles of "commitment, exploration, and transcendence" and the corporate culture he established will continue to inspire future generations at Tongfang as they strive to become a world-class high-tech enterprise [5]. Group 3: Company Overview - Tongfang Co., Ltd. was established in 1997 with funding from Tsinghua University and was listed on the Shanghai Stock Exchange the same year [6]. - The company is primarily engaged in nuclear technology applications, digital information, and smart energy, with products including security inspection equipment, knowledge data products, AI products, and energy-saving applications [6]. - As of January 23, 2026, Tongfang's stock price was 9.47 yuan per share, with a total market capitalization of 31.727 billion yuan [7].

当天基辅市市长克利奇科表示， 由于俄军当天大规模袭击导致关键基础设施受损，基辅市 再次有近6000栋建筑失去供暖。 他还表示，基辅左岸地区以及部分右岸地区目前存在供水 问题，市政部门和能源工作者正在开展工作。乌克兰DTEK能源公司通报称，基辅市持续出 现紧急停电情况，电力调度系统目前无法正常运行，88000用户断电。 目前俄方对此暂无回应。 les & FR 点击下载中国基金报客户端 ■ 中国基金报内容矩阵 ■ 巅峰对话 投资热点说 ETF风向标 IPO情报站 fe o 1 ■ a a - 444 and 4 4 CHINAFUND CHINAFUND CHINAFUND CHINAFUND 开盘速递 港股日报 全球早班车 数说人物 √ � [ 8 a 4 a g a d 4 4 4 CHINAFUND CHINAFUND CHINAFUND CHINAFUND ●微信搜一搜( 〔 〔 中国基金报 〕即刻获取财经资讯 来源：央视新闻客户端 乌克兰总统泽连斯基24日表示， 俄罗斯当天凌晨对乌克兰多个地区发动大规模袭击，发射 了370多架无人机和21枚不同类型的导弹， 已造成一人死亡、数十人受伤。 泽连斯基称，基 ...

Core Viewpoint - The recent release of the "Guidelines for Performance Comparison Benchmarks of Publicly Raised Securities Investment Funds" and "Operational Details" by the China Securities Regulatory Commission and the Asset Management Association of China marks a significant milestone in the high-quality development of the public fund industry, focusing on long-term value and addressing industry pain points such as "ambiguous benchmarks" and "style drift" [2][4]. Group 1: Regulatory Framework - The new regulations establish a comprehensive control system around performance comparison benchmarks, focusing on four dimensions: representation, constraints, assessment, and supervision, along with a transitional period and benchmark database construction [3]. - The guidelines require that performance benchmarks accurately reflect product positioning and investment style, aligning with the fund contract's investment goals and strategies, and that once set, benchmarks cannot be changed arbitrarily [7]. Group 2: Industry Impact - The introduction of these guidelines is seen as a critical step towards the maturity and professionalism of the public fund industry, providing a clear direction and framework for high-quality development [4][10]. - The new rules are expected to shift the industry focus from "scale competition" to "ability competition," fostering a differentiated competitive landscape [4]. Group 3: Investor Protection - Fund companies have committed to ensuring investor interests are considered when adjusting benchmarks, promising to inform investors through announcements and customer service [5]. - The new regulations aim to enhance the clarity and stability of performance benchmarks, serving as a practical reference for investors in selecting funds that align with their long-term investment goals [11]. Group 4: Long-term Development - The guidelines are designed to create a robust ecosystem that encourages fund managers, custodians, sales institutions, and evaluation agencies to fulfill their responsibilities, promoting a positive transformation in the industry [10]. - The regulations emphasize the importance of linking fund manager compensation to long-term performance against established benchmarks, thereby aligning the interests of fund managers with those of investors [11].

Core Viewpoint - The article highlights the recent institutional research activities on various stocks, emphasizing the potential growth opportunities in sectors such as offshore wind energy, mining, and medical technology. Group 1: Institutional Research Highlights - Over 190 stocks were researched by institutions in the past week, with Dajin Heavy Industry receiving the most attention from 209 institutions, including 46 fund companies and 44 securities firms [2] - Dajin Heavy Industry's focus on offshore wind energy in Europe is driven by high wind speeds and shallow waters in regions like the North Sea and the Baltic Sea, indicating significant growth potential in this sector [2] - The recent AR7 auction in the UK for offshore wind projects exceeded market expectations, with a total of 8.4GW auctioned, leading to increased developer participation due to higher fixed prices compared to previous rounds [2] Group 2: Company-Specific Developments - Nepean Mining announced a $45 million investment to acquire a 22.5% stake in the Alacran copper-gold-silver mine in Colombia, with estimated reserves valued at approximately 50 billion yuan [3] - Meihua Medical is advancing its brain-machine interface and humanoid robot businesses, leveraging its experience in cochlear implants to collaborate with innovative clients in the brain-machine interface sector [5][7] - The company has initiated product technology layouts in humanoid robotics, focusing on materials and components that enhance product performance [7] Group 3: Performance and Market Trends - Among the stocks researched, nine are expected to see net profit growth exceeding 100% in 2025, with Baiwei Storage leading with a projected increase of over five times [9] - The average increase for researched stocks in the past week was over 5%, with some stocks like Longxin Zhongke and Dike Co. rising by more than 20% [9] - Dike Co. highlighted its competitive advantages in storage technology and market collaboration, which enhance its product offerings [10] - Qixiang Tengda reported price increases in several products due to market supply-demand imbalances, with its acetone production capacity being the largest globally [10]

Core Viewpoint - Construction Machinery is expected to continue incurring losses in 2025, with a projected net profit attributable to shareholders of -2.072 billion yuan, indicating an increase in the loss margin compared to previous years [2][3]. Group 1: Financial Performance - In 2024, Construction Machinery reported a net profit of -988 million yuan and a net profit excluding non-recurring items of -1.001 billion yuan [5]. - The company anticipates that the losses in 2025 may double due to insufficient downstream demand in the domestic tower crane rental market, resulting from reduced new construction area and low project commencement rates [5]. - The asset-liability ratio of Construction Machinery reached 74.81% in 2024, an increase of approximately 9.5 percentage points compared to 2021 [9]. Group 2: Business Overview - Construction Machinery, established in 2001 and listed on the Shanghai Stock Exchange in 2004, is primarily controlled by Shaanxi Coal and Chemical Industry Group [6]. - The company's operations are divided into five main segments: leasing, engineering construction, steel structure manufacturing and installation, equipment sales, and transportation, with leasing being the core business, accounting for over 80% of revenue in the first half of 2025 [6]. - The construction machinery rental industry, where Construction Machinery operates, serves downstream sectors such as real estate, municipal engineering, transportation, and energy projects, all of which have seen declining demand recently [6]. Group 3: Capital Structure and Fundraising - In late 2023, Construction Machinery announced a plan to raise no more than 1.265 billion yuan through a private placement to Shaanxi Coal Group, aimed at improving liquidity and reducing debt [9]. - However, on December 23, 2025, the company decided to terminate the private placement due to various factors, including the macroeconomic environment and changes in the capital market [9].