Core Insights - Fuyang aims to transform from "geographical adjacency" to "functional integration" and "strategic collaboration" over the next decade, with a target GDP of 150 billion yuan by 2030 and a goal for per capita GDP to reach the level of moderately developed economies [1] Group 1: Economic Development Goals - Fuyang's five-year goal includes high-quality construction of a modern urban area, with a focus on becoming a significant economic hub that connects the eastern and western regions [1] - The district's comprehensive strength ranks 48th among national top 100 districts, with investment potential at 55th [1] - Manufacturing investment has surpassed 50 billion yuan, with the number of national "specialized and innovative" small giant enterprises increasing from 0 to 46 [1] Group 2: Strategic Development Initiatives - Fuyang plans to accelerate the construction of five strategic areas, including becoming a new high ground for advanced manufacturing, with a target of over 70 billion yuan for the "25X" advanced manufacturing cluster [2] - The district aims to be a preferred location for technology transformation, enhancing its collaborative innovation system with a focus on R&D and commercialization [2] - Fuyang is set to strengthen its role in supporting the western region through major transportation projects and improved public services, with a target urbanization rate of 75% [2] Group 3: Environmental and Social Development - Fuyang is committed to becoming a model for the "Two Mountains" practice, maintaining over 90% air quality and 100% surface water compliance, while promoting rural revitalization [2] - The district aims to enhance its cultural and educational offerings, striving for a high-quality urban environment that promotes common prosperity and well-being [3]

Group 1 - The core point of the article is that Rio Tinto's stock price has decreased by 5% on January 9 [2] Group 2 - The decline in Rio Tinto's stock price indicates potential market concerns or reactions to recent developments [2]

1. Report Industry Investment Rating No relevant content provided. 2. Core Viewpoints of the Report - In 2026, the global iron ore industry will enter a deep adjustment period characterized by "intensified supply relaxation, moderate demand recovery, and a downward shift in the price center," with an annual trend of "stable in the front and declining in the back" [2][34]. - The core contradiction in the industry will shift from "supply shortage" to "insufficient demand," and the focus of competition will be on high - grade resources, cost - control capabilities, and green and low - carbon transformation [2][34]. - Policy regulation will continuously guide the high - quality development of the industry, the profit distribution pattern of the industrial chain will tilt towards steel mills, and mining companies will face pressure from profit squeezing and intensified competition [2][34]. - ESG and geopolitical factors are becoming increasingly prominent as important variables in the industry's development [2][34]. 3. Summary by Relevant Catalogs 3.1 Iron Ore Annual Market Review - **Initial Surge Phase (Early January - Mid - February)**: Prices rose from about 780 yuan/ton to nearly 840 yuan/ton. The driving factors were the release of domestic steel mills' post - Spring Festival restocking demand, the decline in the shipment volume of Australian and Brazilian mines due to seasonal weather, and the market's optimistic expectations for the early - year growth - stabilization policies [3]. - **Decline and Adjustment Phase (Mid - February - Early June)**: Prices oscillated and declined from the high level, reaching an annual low of about 710 - 720 yuan/ton in early June. The reasons were the recovery of Australian and Brazilian shipments after the weather impact subsided, the release of new production capacity of the four major mines, the weak demand for construction steel, the squeeze on steel mill profits, and the increase in port inventories [4]. - **Oscillatory Recovery Phase (Early June - December)**: Prices gradually recovered from the low level and approached the high - level range of 830 yuan/ton at the end of the year. The drivers were the acceleration of domestic infrastructure project implementation, the launch of real - estate support policies, the expansion of steel production capacity in India and ASEAN, the slower - than - expected actual shipment volume of the Simandou project, and the market's optimistic expectations for demand recovery in the second half of the year [5]. 3.2 Supply Side - **Mainstream Mines**: In 2026, the supply of mainstream iron ore is expected to grow. In Oceania, Australia's total output is expected to reach 9.86 billion tons, with an increase of 167.8 million tons year - on - year. In South America, Brazil's total output is expected to reach 4.84 billion tons, with an increase of 50.6 million tons year - on - year [8][10]. - **Non - mainstream Mines**: In South Asia, India's iron ore output is expected to continue growing in 2026. With the implementation of the "National Steel Policy 2017," India's iron ore demand and output will be directly boosted, and its imports are expected to grow at an average annual rate of 80% [11]. - **Domestic Mines**: Affected by resource endowment and cost constraints, domestic production shows a slight downward trend. The "Cornerstone Plan" failed to achieve the goal of adding 100 million tons of iron concentrate in 2025, and the domestic mines' substitution effect on imported ores is limited, with the import dependence remaining above 80% [15]. 3.3 Demand Side - **Domestic Demand**: In 2025, China's iron ore demand was weak. The consumption of construction steel decreased significantly, while the demand for manufacturing steel showed structural growth. In 2026, domestic iron ore demand may be further squeezed, but the development of the manufacturing and emerging industries will provide some support [20][21]. - **Overseas Demand**: In 2026, overseas iron ore demand growth is relatively certain. India, ASEAN, and Africa will be the main growth points, while the EU and the US will show a "weak recovery" trend, and Japan and South Korea will have weak demand. The growth quality depends on the policy implementation and production capacity release of emerging economies [26][27]. 3.4 Inventory - The total global iron ore inventory is expected to increase by 8% - 10% year - on - year in 2026, approaching 1.5 billion tons at the end of the year. The inventory pattern will be characterized by "high - level pressure on the total amount and significant structural differentiation," which will continuously suppress prices [2][28]. 3.5 Supply - Demand Balance Sheet The report formulates a supply - demand balance sheet for iron ore to reflect the market supply and demand situation and makes corresponding forecasts for the iron ore supply and demand in 2024 [33]. 3.6 Conclusion and Outlook - **Conclusion**: The industry will enter a deep adjustment period in 2026, with the core contradiction shifting and the competition focus changing. Policy regulation will guide the industry's high - quality development, and ESG and geopolitical factors will have a greater impact [34]. - **Outlook**: The supply will be loose, the global iron ore output is expected to reach 26.78 billion tons, and the price center will decline. The Simandou project will reshape the supply pattern. The demand will show a moderate recovery, mainly from emerging economies. The profit distribution will tilt towards steel mills, and policies at home and abroad will have a complex impact on the industry [35][36].

1月3日晚，在浙江音乐学院标准音乐厅内，一曲乐音如清泉般流淌，拉开了"富春情韵 岁月留 香"杭州富春尚香女子合唱团十周年音乐会的序幕。中国音乐家协会合唱联盟专门发来贺信，信中写 道："十年来，你们以女声合唱为载体，无论是地方特色曲目的演绎，还是经典合唱作品的诠释，都以 细腻的声部编排、饱满的情感表达，为观众带来了一场视听盛宴，更在传承地域文化、丰富群众精神文 化生活的道路上留下了坚持的足迹。" 2015年11月，富阳第一支民间合唱团——富春尚香女子合唱团悄然成立，团员是来自各行各业的职 业女性。"尚香"二字，取意孙权之妹孙尚香才情与气度，更寄托着"闻香而来，以声传香"的美好期许。 2016年5月14日，合唱团在龙门古镇砚池边首秀。 从最初的以乐会友、赴杭学艺到如今声部齐整、声名渐显，从本土的文化展演到异域的艺术交流， 常任指挥叶卫强见证了合唱团的每一步成长。他感慨地说："十年间，我们坚持每周排练一次，每次两 小时。算下来，有500个夜晚，大家牺牲了陪伴家人的时光，一起来唱歌，非常不容易。" 此次十周年音乐会，恰如一部用音符写就的声景长诗。上半场以《人间》开篇，温润女声如春风拂 过心田；《蓝蓝的夜蓝蓝的梦》营造 ...

致：香港交易及結算所有限公司 公司名稱: 富陽(中國)控股有限公司 呈交日期: 2026年1月5日 I. 法定/註冊股本變動 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年12月31日 狀態: 新提交 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | | 於香港聯交所上市 (註1) | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 00352 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 2,000,000,000 | HKD | | 0.1 HKD | | 200,000,000 | | 增加 / 減少 (-) | | | | | | HKD | | | | 本月底結存 | | | 2,000,000,000 | HKD | | 0.1 HKD | | 200,000,000 | 本月底法定/註冊股本總額： HKD 200,000 ...

山海交锋，首尾对决！浙BA三场激战今夜同步上演 1月4日晚，浙BA城市争霸赛战火重燃。三场比赛同步开打，悬念迭起：富阳坐镇主场迎战台州湾新区，绍兴与宁 波再度交锋，丽水则与普陀上演"山海之战"。 富阳VS台州湾新区：榜首与榜尾的再度对话 今晚，富阳体育中心将上演一场颇具看点的"首尾对决"。目前富阳队以16胜2负高居B组榜首，台州湾新区则位列 小组末位。虽然首回合富阳曾取得大胜，但台州湾新区在第二阶段补强后实力显著提升，尤其是"小孩哥"陈俊杭的 加入，让球队近期多次与强队缠斗至最后一刻。 富阳队球员童剑凯表示："我们已针对他们的变化做好部署，将全力以赴打好每一个球。" 此战若胜，富阳将继续稳坐小组头名；而台州湾新区能否上演逆袭好戏，值得期待。 绍兴VS宁波：内线强强对话，复仇与反复仇 这是两支以内线实力著称的球队再次相遇。去年十月，绍兴队在客场一度落后的情况下，末节上演逆转好戏，从宁 波手中夺走胜利。此番回到绍兴主场，阵容相当的双方将展开新一轮内线鏖战。宁波队势必渴望"复仇"，而绍兴队 则要捍卫主场荣耀——逆转剧情是否会再度上演？ 丽水VS普陀：跨越山海的篮球之约 刚刚在跨年夜客场战胜衢州的丽水队，今晚将在主场 ...

Core Insights - Fuyang District aims to establish itself as a leading hub for artificial intelligence innovation by 2027, focusing on three distinctive paths to drive industrial upgrades and enhance regional competitiveness [1][2] Group 1: Development Blueprint - The overall blueprint for high-quality AI development in Fuyang includes three major characteristics and four key actions, with a goal to create a unique innovation growth pole and application demonstration area [1] - The district will adopt a philosophy of "having what others do not, having unique features, and daring to lead" to decode its AI development [1] Group 2: Key Actions - Four major actions will be implemented: 1. Intelligent Manufacturing Leap Action, focusing on attracting leading enterprises in the smart terminal industry and integrating AI with traditional industries [2] 2. Innovation Optimization Action, targeting high-end chip testing and new-generation optical communication technologies [2] 3. Application Empowerment Action, which includes building "AI factories" and fostering new business models like "AI + digital trade" [2] 4. Factor Assurance Action, prioritizing project land, electricity, and energy consumption, while coordinating industry funds towards AI [2] Group 3: Policy Support - Ten district-level policies for high-quality AI development have been introduced, covering key areas such as enterprise cultivation, technological innovation, computing power costs, and talent finance [2] - The government plans to allocate 15% of the annual industrial development budget to support AI initiatives, emphasizing a commitment to streamline processes and provide substantial support to enterprises [2] Group 4: Collaborative Mechanisms - A "six ones" working mechanism has been established to ensure the effective implementation of plans, including forming an expert advisory group and enhancing AI literacy across the community [3] - The Fuyang AI Development Alliance has been launched, along with the establishment of a technology finance service center, marking a significant step in building the AI industrial ecosystem [3]

（来源：潮新闻） 12月18日晚，浙BA城市争霸赛第十九轮继续进行，两场焦点对决同步展开！舟山队主场对战金华队，富阳队与嘉兴队狭路相逢。 浙BA八强席位争夺白热化 金华保留争四希望 当前，A组仅剩下两个晋级八强的名额，对于目前积25分的金华队来说，每一场都是"生死局"。金华队剩下的五个对手，除温州队，其他皆可一拼，A组 到最后很可能要算相互之间的小分才能决出最终的晋级者。 此前与舟山队对决，金华队凭借猛烈攻势与主场优势，以80:68战胜对手。 12月14日，金华队主场迎战柯城队。图源：金华发布 舟山队虽然目前在积分榜上排位靠后，不过部分球员的表现仍旧十分亮眼。14日晚，与杭州队的比赛中，舟山队的刘以勒第二节突然迎来爆发，连突带投 火力全开，半场便轰下17分。 值得一提的是，舟山为金华安排了"专属福利"。金华球员凭比赛的球员证，客场持票观众凭"浙BA"舟山观赛电子票根，即可领取"观赛大礼包"。优惠内 容包括20多家景区0元起畅玩，餐饮民宿折扣，还有文旅市集嘉年华满减消费券和球迷购车福利。 富阳提前晋级八强 仍需全力应对 12月14日，舟山队客场对阵杭州队。图源：杭州发布 10月2 日，富阳队客场对阵嘉兴队。图源 ...

Core Viewpoint - The Rhodes Ridge Joint Venture has approved a feasibility study worth $191 million (A$294 million) to advance the development of the Rhodes Ridge project, which is recognized as one of the best undeveloped iron ore deposits globally [1] Group 1: Project Details - The feasibility study will evaluate the development of an operation with an initial annual production capacity of 40 to 50 million tonnes of iron ore [1] - Rio Tinto's share of the feasibility study costs is $96 million (A$147 million) [1] Group 2: Location and Significance - The Rhodes Ridge project is located in Western Australia's Pilbara region, a significant area for iron ore mining [1]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不 負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示，概 不 對 因 本 公 告 全部或任何部分內容而產生或因倚賴該等內容而引致的任何損失承擔任何責 任。 Fortune Sun (China) Holdings Limited 富陽（中國）控股有限公司 （於開曼群島註冊成立之有限公司） （股份代號：00352） 有關復牌進度的季度最新消息及 繼續暫停買賣 本 公 告 乃 由 富 陽（中 國）控 股 有 限 公 司（「本公司」，連 同 其 附 屬 公 司 統 稱「本集團」） 根 據 香 港 聯 合 交 易 所 有 限 公 司（「聯交所」）證 券 上 市 規 則（「上市規則」）第13.09條 以及香港法例第571章《證 券 及 期 貨 條 例》第XIVA部 項 下 的 內 幕 消 息 條 文（定 義 見 上 市 規 則）而 作 出。 茲提述本公司(i)日 期 為 二 零 二 五 年 九 月 九 日 之 公 告，內 容 有 關（其 中 包 括）上 市 委 員 會 決 定 維 持 上 市 科 所 作 出 之 ...