Group 1 - The China Securities Regulatory Commission (CSRC) emphasized maintaining market stability and enhancing monitoring and regulation to prevent excessive speculation and market manipulation [3] - Canada and China reached a consensus on deepening economic and trade cooperation, signing the "China-Canada Economic and Trade Cooperation Roadmap," which includes an annual quota of 49,000 electric vehicles from China with a 6.1% most-favored-nation tariff [3] Group 2 - The State Council of China is focusing on boosting consumption and has outlined measures to clear overdue payments to businesses and ensure wage payments to migrant workers [4] - The Ministry of Commerce announced stronger support for green and smart product consumption through a recycling program for consumer goods [4] Group 3 - The State-owned Assets Supervision and Administration Commission (SASAC) is working on optimizing the layout and structure of state-owned enterprises, focusing on enhancing core business strengths [5] - The Market Supervision Administration has introduced new guidelines for recognizing illegal gains in market regulation, effective from March 20 [5] Group 4 - The A-share market experienced fluctuations, with the Shanghai Composite Index closing at 4,101.91 points, down 0.26%, while the Shenzhen Component Index and the ChiNext Index also saw slight declines [6] - The Hong Kong stock market showed mixed results, with the Hang Seng Index closing down 0.29% but showing a weekly gain of 2.34% [7] Group 5 - The Ministry of Housing and Urban-Rural Development highlighted significant investment opportunities in urban renewal projects during the 14th Five-Year Plan period [11] - The Ministry of Finance extended tax incentives for public rental housing, exempting certain taxes to promote construction [11] Group 6 - The China Automotive Power Battery Industry Innovation Alliance reported a 60.1% year-on-year increase in the cumulative production of power and energy storage batteries in 2025 [12] - The China Securities Association announced new rules allowing certain individual investors to redeem public pension fund shares early under specific conditions [12] Group 7 - The U.S. Federal Reserve officials indicated that current monetary policy remains moderately restrictive, with potential adjustments depending on labor market conditions [15][16] - The U.S. Senate approved funding for federal research institutions, rejecting previous budget cuts proposed by the Trump administration [16] Group 8 - The Chinese bond market showed signs of warming, with yields generally declining and the central bank conducting a net injection of liquidity [20] - Barclays analysts forecast a total issuance of U.S. corporate bonds to reach $2.46 trillion in 2026, marking an 11.8% increase year-on-year [20]

Core Viewpoint - China First Heavy Industries Co., Ltd. held its 63rd meeting of the fourth board of directors on January 16, 2026, where several key reports and proposals were approved, including the 2026 comprehensive budget report and various cost and investment plans [1][2][3][4][5][6]. Group 1: Board Meeting Resolutions - The board approved the 2026 comprehensive budget report, which was reviewed by the audit and risk committee [1]. - The board approved the proposal regarding the provision for related cost expenses, which was also reviewed by the audit and risk committee [2]. - The board approved the 2026 total salary budget report, reviewed by the compensation and assessment committee [3]. - The board approved the 2026 investment plan, reviewed by the strategy and investment committee [4]. - The board approved the proposal to establish a joint venture with China General Nuclear Power Group for the construction of the Longjiang Wind Power Project, reviewed by the strategy and investment committee [5]. - The board approved the proposal to establish a joint venture with China General Nuclear Power Group for the construction of the Yian Wind Power Project, reviewed by the strategy and investment committee [6]. Group 2: 2025 Performance Forecast - The company expects a net loss attributable to shareholders of the parent company for 2025 to be between -310 million and -460 million yuan, representing a reduction in losses of 3.276 billion to 3.426 billion yuan compared to the previous year [11][13]. - The expected net loss attributable to shareholders of the parent company, after deducting non-recurring gains and losses, is projected to be between -662 million and -812 million yuan, indicating a reduction in losses of 2.950 billion to 3.100 billion yuan compared to the previous year [11][13]. - The previous year's net loss attributable to shareholders of the parent company was -3.736 billion yuan, and the loss after deducting non-recurring gains and losses was -3.762 billion yuan [15]. Group 3: Reasons for Performance Forecast - The anticipated losses are attributed to operational losses from certain subsidiaries, one-time provisions for internal retirement benefits, and income tax payments from profitable subsidiaries, which resulted in a negative net profit [17]. - Despite the losses, the company has achieved significant loss reduction due to the good performance of the power station casting and forging segments, as well as investment gains from the sale of wind farms by its subsidiary [17]. Group 4: Cost Provision Announcement - The company announced a provision for related cost expenses to optimize employee structure and enhance internal vitality, which involves a one-time provision for retirement benefits [21][22]. - The provision is expected to reduce the net profit attributable to shareholders of the parent company by 170 million yuan for the 2025 fiscal year [23]. - The proposal for the cost provision was reviewed and approved by the audit and risk committee and subsequently by the board of directors [24].

Key Points - China Metallurgical Group Corporation (China MCC) expects a decline of over 50% in net profit attributable to shareholders in 2025 due to losses in the real estate sector and increased asset impairment provisions [1] - JAC Motors anticipates a net loss of approximately 1.68 billion yuan in 2025, although this represents a reduction in losses compared to the previous year [2] - Northern Rare Earth forecasts a net profit increase of 116.67% to 134.60% in 2025, driven by improved sales and production efficiency in rare earth products [3] - Shenghong Technology projects a net profit increase of 260.35% to 295% in 2025, attributed to the growing demand for AI infrastructure and high-end products [4] - Lanke Technology expects a net profit increase of 52.29% to 66.46% in 2025, benefiting from strong demand in the AI industry [7] - Aiwai Electronics anticipates a net profit increase of 17.70% to 29.47% in 2025, focusing on high-value chip solutions [25] - Longxin General expects a net profit increase of 47.15% to 60.53% in 2025, driven by steady growth in its core motorcycle and general machinery businesses [28] - China One Heavy Industry predicts a net loss of 310 million to 460 million yuan in 2025, although this represents a significant reduction from the previous year's loss [35] - Kunda Technology expects a net loss of 1.2 billion to 1.5 billion yuan in 2025, impacted by industry supply-demand imbalances [34] - Daqing Energy anticipates a net loss of 1 billion to 1.3 billion yuan in 2025, although this reflects a narrowing of losses compared to the previous year [42]

Group 1 - Su Dawei Ge's wholly-owned subsidiary plans to invest in a fund focusing on semiconductor, new energy, AI, and aerospace sectors, contributing 20 million yuan for a 10.2302% stake [2] - Shimao Energy terminates plans for a change in control after failing to reach consensus on key terms, with stock resuming trading on January 19 [3] - Huatian Hotel's controlling shareholder is planning a merger and restructuring, potentially changing the actual controller to the Hunan Provincial State-owned Cultural Assets Supervision and Administration Commission [4] Group 2 - Jinpu Titanium's subsidiary Xuzhou Titanium will cease production due to intensified market competition, which is expected to significantly impact revenue in 2026 [5] - Dingxin Communications' deputy general manager is under investigation by the CSRC for suspected short-term trading of company stock, but it will not affect the company's operations [6] - Xinhang New Materials plans to acquire 51% of Hairete for 12.8826 million yuan to explore new growth points [7] Group 3 - Hualan Co.'s controlling shareholder raises the upper limit of its share buyback plan from 58.08 yuan to 86.66 yuan per share [8] - Wanhua Chemical's MDI Phase II facility has resumed normal production after maintenance [9] - Junsheng Electronics introduces a strategic investor, with a 1 billion yuan investment aimed at reducing overall debt [10] Group 4 - Jiangbolong announces five shareholders plan to transfer 3% of the company's shares through a pricing inquiry [11] - Haitai Technology expects a net profit increase of 226.86% to 323.97% in 2025, driven by high industry demand and increased orders [13] - Northern Rare Earth anticipates a net profit increase of 116.67% to 134.6% in 2025 due to successful market expansion [14] Group 5 - Lanke Technology forecasts a net profit increase of 52.29% to 66.46% in 2025, benefiting from the AI industry trend [15] - Keda expects a net profit increase of 52.21% to 67.43% in 2025, driven by growth in data center and new energy sectors [16] - Cambridge Technology predicts a net profit increase of 51% to 67% in 2025, supported by strong demand in core business areas [17] Group 6 - China Electric Research anticipates a net profit of 533 million yuan in 2025, a 14.04% increase year-on-year [18] - China Automotive Research expects a net profit of 1.06 billion yuan in 2025, a 17.85% increase year-on-year [19] - Zhongcheng Co. forecasts a net profit of 276 million to 414 million yuan in 2025, recovering from a previous loss [20] Group 7 - Junda Co. expects a net loss of 1.2 billion to 1.5 billion yuan in 2025, worsening from a previous loss of 591 million yuan [21] - Guangdian Network anticipates a net loss of 1.29 billion to 1.55 billion yuan in 2025, attributed to declining traditional business revenue [22] - Jiugang Hongxing predicts a net loss of approximately 1.879 billion yuan in 2025, an improvement from a previous loss of 2.617 billion yuan [23] Group 8 - Jinbo Co. expects a net loss of around 1.4 billion yuan in 2025, worsening from a previous loss of 815 million yuan [24] - Dongjiang Environmental anticipates a net loss of 1.05 billion to 1.35 billion yuan in 2025, due to ongoing industry adjustments [25] - Daqing Energy forecasts a net loss of 1 billion to 1.3 billion yuan in 2025, despite improvements in production costs [26] Group 9 - Dongzhu Ecology expects a net loss of 935 million to 1.135 billion yuan in 2025, impacted by macroeconomic factors [27] - Weiyuan Co. anticipates a net loss of 950 million to 1.05 billion yuan in 2025, turning from profit to loss [28] - Huanghe Xuanfeng predicts a net loss of 850 million yuan in 2025, an improvement from a previous loss of 983 million yuan [29] Group 10 - Fushun Special Steel expects a net loss of 770 million to 870 million yuan in 2025, turning from profit to loss [30] - China First Heavy Industries anticipates a net loss of 310 million to 460 million yuan in 2025, significantly reducing losses compared to the previous year [31] - Jishi Media forecasts a net loss of 364 million to 455 million yuan in 2025, with overall revenue expected to remain stable [33] Group 11 - Guangxi Energy expects a net loss of 170 million to 220 million yuan in 2025, turning from profit to loss [34] - Baike Bio anticipates a net loss of 220 million to 280 million yuan in 2025, turning from profit to loss due to declining vaccine sales [35] - Zhongtai Auto expects to remain in a loss position for 2025, with a projected positive net asset value by year-end [36] Group 12 - Nasda anticipates a loss for 2025 due to significant asset sales and industry policy adjustments [37] - Rongsheng Development expects to report a loss for 2025, with the amount not exceeding the previous year's audited net assets [38] Group 13 - China National Materials signs a contract worth 299 million Canadian dollars for engineering services in Canada [40] - Dayu Water-saving's subsidiary wins a project worth 133 million yuan for water source guarantee engineering [41] - Hailu Heavy Industry reports new orders totaling 1.941 billion yuan for 2025 [42]

Core Viewpoint - The company, China First Heavy Industries (601106.SH), expects to report a net profit attributable to shareholders of the parent company for 2025 in the range of -310 million to -460 million yuan, indicating a significant reduction in losses compared to the previous year [1] Financial Performance - The company anticipates a reduction in losses by approximately 3.276 billion to 3.426 billion yuan compared to the same period last year [1] - The expected net profit attributable to shareholders after deducting non-recurring gains and losses is projected to be between -662 million and -812 million yuan, with a reduction in losses of about 2.95 billion to 3.1 billion yuan year-on-year [1] Operational Challenges - The company faces operational losses from certain subsidiaries, one-time provisions for internal retirement benefits, and income tax payments from profitable subsidiaries, which contribute to the negative net profit and net profit attributable to shareholders [1] Sector Performance - Despite the overall loss, the power station casting and forging segment, as well as the nuclear power sector, have shown better development due to deep adjustments in energy structure and certain industrial policies [1] - The company's subsidiary, Qiqihar New Energy Co., Ltd., achieved investment income from the sale of wind farms this year, contributing to a significant reduction in losses [1]

Core Viewpoint - China First Heavy Industries (601106.SH) expects a significant reduction in net loss for the fiscal year 2025, projecting a loss between 310 million to 460 million yuan, compared to a loss of 3.736 billion yuan in the previous year [1] Financial Performance - The anticipated net loss for 2025 is between 310 million to 460 million yuan, indicating a substantial improvement from the previous year's loss of 3.736 billion yuan [1] - The reduction in loss is attributed to operational improvements in certain subsidiaries and gains from the sale of wind farm assets [1] Contributing Factors - The company continues to face operational losses in some subsidiaries and has incurred costs related to internal retirement benefits [1] - Positive developments in the power station casting and forging segment, as well as the nuclear power sector, have contributed to the reduced loss [1]

一、本次业绩预告情况 （一）业绩预告期间 证券代码：601106 证券简称：中国一重 公告编号：2026-009 中国第一重型机械股份公司 2025年度业绩预亏公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 本期业绩预告适用于净利润为负值的情形。 中国第一重型机械股份公司（以下简称公司）预计 2025 年度实现归属于母公司所有者的净利润为-3.1 亿元至 -4.6 亿元，与上年同期相比，预计减亏 32.76 亿元至 34.26 亿 元。 公司预计 2025 年度实现归属于母公司所有者的扣除 非经常性损益后的净利润为-6.62 亿元至-8.12 亿元，与上年 同期相比，预计减亏 29.50 亿元至 31.00 亿元。 2025 年 1 月 1 日至 2025 年 12 月 31 日。 （二）业绩预告情况 1.经财务部门初步测算，预计 2025 年度实现归属于母公 1 司所有者的净利润为-3.1 亿元至-4.6 亿元，与上年同期相比， 预计减亏 32.76 亿元至 34.26 亿元。 2.预计 2025 年度 ...

证券代码：601106 证券简称：中国一重 公告编号：2026-008 中国第一重型机械股份公司 关于计提相关成本费用的公告 中国第一重型机械股份公司（以下简称公司）于 2026 年 1 月 16 日召开了公司第四届董事会第六十三次会议，审 议通过了《中国第一重型机械股份公司关于计提相关成本费 用的议案》，现将具体情况公告如下： 根据《企业会计准则-职工薪酬》及应用指南要求，实施 职工内部退休计划的，企业应当比照辞退福利处理。在内退 计划符合本准则规定的确认条件时，企业应当按照内退计划 规定，将自职工停止提供服务日至正常退休日期间、企业拟 支付的内退职工工资和缴纳的社会保险费等，确认为应付职 工薪酬，一次性计入当期损益，不能在职工内退后各期分期 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 1 确认因支付内退职工工资和为其缴纳社会保险费等产生的 义务。 一、本次计提情况概述 二、本次计提对公司的影响 为贯彻落实国务院国资委关于国企改革深化提升行动 工作要求，优化员工队伍结构和人力资源配置，增强企业内 部活力，公司对部分员工实 ...

证券代码：601106 证券简称：中国一重 公告编号：2026-009 中国第一重型机械股份公司 2025年度业绩预亏公告 2025 年 1 月 1 日至 2025 年 12 月 31 日。 （二）业绩预告情况 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 本期业绩预告适用于净利润为负值的情形。 中国第一重型机械股份公司（以下简称公司）预计 2025 年度实现归属于母公司所有者的净利润为-3.1 亿元至 -4.6 亿元，与上年同期相比，预计减亏 32.76 亿元至 34.26 亿 元。 公司预计 2025 年度实现归属于母公司所有者的扣除 非经常性损益后的净利润为-6.62 亿元至-8.12 亿元，与上年 同期相比，预计减亏 29.50 亿元至 31.00 亿元。 一、本次业绩预告情况 （一）业绩预告期间 1.经财务部门初步测算，预计 2025 年度实现归属于母公 1 司所有者的净利润为-3.1 亿元至-4.6 亿元，与上年同期相比， 预计减亏 32.76 亿元至 34.26 亿元。 2.预计 2025 年度 ...

3.会议审议了《中国第一重型机械股份公司 2026 年度工 证券代码：601106 证券简称：中国一重 公告编号：2026-007 中国第一重型机械股份公司第四届董事会 第六十三次会议决议公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 中国第一重型机械股份公司第四届董事会第六十三次 会议于2026年1月16日在公司总部以现场会议形式举行。应 出席本次董事会会议的董事4名，实际出席4名。出席本次会 议的董事人数符合《公司法》和《公司章程》的有关规定， 可以对需由董事会会议决定的事项进行审议和表决。会议经 审议形成决议如下： 1.会议审议了《中国第一重型机械股份公司 2026 年度全 面预算报告》，该报告经董事会审计与风险委员会审议，同 意提交本次董事会审议;董事会同意该报告。 表决结果：同意 4 票，反对 0 票，弃权 0 票。 2.会议审议了《中国第一重型机械股份公司关于计提相 关成本费用的议案》，该议案经董事会审计与风险委员会审 议，同意提交本次董事会审议;董事会同意该议案。 表决结果：同意 4 票，反对 0 票 ...