产品方面，以 48V 电池为基准，铅酸企业与锂电企业均拿出了容量更高、重量更轻的电池产 品，以满足消费者对动力、快充、安全等方面需求。渠道方面，头部锂电开始有意识布局线下 直营店与电商渠道。 这背后折射了铅酸老炮与锂电势力两大阵营，各自在电自市场的资源整合能力、市场理解能 力。 一是铅酸企业目前"两条腿"走路，站稳铅酸大盘的同时，同步押注锂电池、钠电池等未来可 能形成一定替代的技术路线。其优势在于可继续绑定经销商，进行更大规模、认知更深的市场 教育。 二是，为了与传统经销商垄断线下渠道形成对抗，将产品售卖的话语权掌握在自己手里。比亚 迪、国轩高科、赣锋锂电、星恒电源等锂电企业积极布局直营电池门店以及线上电商渠道。 最新数据显示，目前已有 31 家电动自行车产业链企业已获得 748 张电动自行车新国标 CCC 证书 ，约 276 款新车型面向消费者销售，新车型投放超 165 万辆。 锂电企业在两轮车赛道的竞争焦点在于产品升级、渠道重铺。 迈入 2026 年，市场及消费者对电动自行车新国标的感知已经告一段落，无论是经销商的哀 声怨道还是铅酸配套的短暂回升，电池企业之间的竞争才正要开始。 其中一个重要背景在于，新国 ...

中国经济网北京1月26日讯 天能股份（688819.SH）今日股价收报35.76元，跌幅4.05%。该股目前 处于破发状态。 天能股份于2021年1月18日在上交所科创板上市，发行价格为41.79元/股，发行数量为1.17亿股，保 荐机构为中信证券股份有限公司，保荐代表人为金波、肖云都。 上市当日，天能股份盘中最高报80.16元，创上市以来股价最高点。 天能股份上市募集资金总额为48.73亿元，扣除发行费用后，募集资金净额为47.30亿元。天能股份 最终募集资金净额较原计划多11.35亿元。天能股份于2021年1月11日披露的招股说明书显示，公司拟募 集资金35.95亿元，分别用于绿色智能制造技改项目、高能动力锂电池电芯及PACK项目、大容量高可靠 性起动启停电池建设项目、全面数字化支撑平台建设项目、国家级技术中心创新能力提升项目、补充流 动资金。 天能股份上市发行费用为1.43亿元，其中保荐机构中信证券股份有限公司获得承销保荐费用1.14亿 元。 (责任编辑：何潇) ...

1月23日，天能股份涨5.1%，截至发稿，报36.68元/股，成交1.23亿元，换手率0.35%，总市值356.57亿 元。 成曦累计任职时间9年264天，现任基金资产总规模2369.54亿元，任职期间最佳基金回报131.04%， 任 职期间最差基金回报-67.89%。 声明：市场有风险，投资需谨慎。 本文基于第三方数据库自动发布，任何在本文出现的信息（包括但 不限于个股、评论、预测、图表、指标、理论、任何形式的表述等）均只作为参考，不构成个人投资建 议。受限于第三方数据库质量等问题，我们无法对数据的真实性及完整性进行分辨或核验，因此本文内 容可能出现不准确、不完整、误导性的内容或信息，具体以公司公告为准。如有疑问，请联系 biz@staff.sina.com.cn。 责任编辑：小浪快报 易方达上证科创板50ETF（588080）成立日期2020年9月28日，最新规模705.97亿。今年以来收益 14.68%，同类排名359/5546；近一年收益58.84%，同类排名819/4261；成立以来收益11.19%。 易方达上证科创板50ETF（588080）基金经理为林伟斌、成曦。 截至发稿，林伟斌累计任职时间1 ...

Core Viewpoint - The article reports on the results of the 2025 quality supervision inspection for portable dry powder fire extinguishers and other products conducted by the Heze Market Supervision Administration, revealing compliance and non-compliance rates among various products [4]. Group 1: Inspection Results - A total of 84 batches of products, including portable dry powder fire extinguishers, were inspected [4]. - Specific products that failed the inspection include ceramic core faucets and certain types of copper nozzles, while products like high-performance car tires and various models of portable fire extinguishers passed [4][5]. - The inspection results indicate a mix of compliance, with several products deemed qualified, including multiple models of portable fire extinguishers and safety helmets [5][6]. Group 2: Product Compliance - Among the inspected products, 10 portable dry powder fire extinguishers from different manufacturers were found to be compliant [5]. - Other compliant products include PE septic tanks and various types of safety helmets, indicating a generally positive compliance rate for these categories [5][6]. - Non-compliant products were primarily from smaller manufacturers, highlighting potential quality control issues within certain segments of the market [4][5].

Core Viewpoint - TianNeng Co., Ltd. plans to use up to RMB 12 billion of temporarily idle self-owned funds for entrusted wealth management, ensuring that daily operational funding needs and the safety of self-owned funds are not affected [1][2]. Group 1: Wealth Management Plan - The company and its subsidiaries will invest in low to medium-risk financial products with high safety and liquidity, including but not limited to bond investments, money market funds, and entrusted financial products [1]. - The investment period is valid for 12 months from the date of approval by the board of directors [1]. Group 2: Company Background - TianNeng Co., Ltd. was listed on the Sci-Tech Innovation Board on January 18, 2021, with an issuance price of RMB 41.79 per share and a total issuance of 117 million shares [2]. - The company raised a total of RMB 4.873 billion, with a net amount of RMB 4.730 billion after deducting issuance costs, which was RMB 1.135 billion more than the original plan [3]. Group 3: Use of Funds - The raised funds are intended for various projects, including green intelligent manufacturing upgrades, high-energy power lithium battery projects, and the establishment of a national-level technology center [3]. - The issuance costs amounted to RMB 143 million, with the underwriting institution CITIC Securities receiving RMB 114 million in fees [4].

Industry News - China Petroleum and Chemical Corporation (Sinopec) and China National Aviation Fuel Group (CNAF) are undergoing a restructuring process approved by the State Council [5] - The State Administration for Market Regulation has reportedly interviewed six leading photovoltaic companies and industry associations regarding monopoly risks, emphasizing that they must not agree on production capacity, utilization rates, sales volumes, or pricing [5] - The Ministry of Industry and Information Technology, along with three other departments, held a meeting to discuss the competitive order in the power and energy storage battery industry, gathering 16 companies for this purpose [5] - Nestlé has initiated a precautionary recall of specific batches of infant formula in several European countries, with the Chinese subsidiary also complying with the recall requirements [5] Company News - Vanke A announced that Yu Liang has resigned from his positions as director and executive vice president due to retirement [7] - Industrial Fulian announced a cash dividend distribution of 6.55 billion yuan (including tax) for the first half of 2025, with the record date set for January 15, 2026 [8] - Jinli Permanent Magnet has forecasted a net profit increase of 127%-161% year-on-year for 2025, with small batch deliveries of robotic motor rotors and magnetic materials already underway [9] - Puni Testing announced significant stock trading fluctuations, expecting a loss of 200 million to 250 million yuan for the 2025 fiscal year [10] - Changhong Technology reported that its subsidiary has secured over half of the procurement share from a major domestic wafer factory for semiconductor consumables [10] - Pairui Co. signed a framework agreement for bulk procurement of IGBT chips, with a projected total supply amount of approximately 1.3 to 1.4 billion yuan for the years 2028, 2029, and 2030 [11] - Allxin Co. plans to issue convertible bonds to raise no more than 312 million yuan for the production of integrated communication products for commercial aviation [11] - Tian Sheng New Materials announced that its largest shareholder is planning a significant matter that may lead to a change in control, resulting in a stock suspension [12] - Aimei Ke announced that its exclusively distributed injectable botulinum toxin product has received drug registration certification [12] - Guangdong Electric Power A reported that the expansion project for units 5 and 6 at the Huilai Power Plant has been completed, with a total investment of 8.05 billion yuan [12]

Core Viewpoint - The company plans to utilize a maximum of RMB 12 billion of temporarily idle self-owned funds for entrusted wealth management, aiming to enhance fund efficiency and increase returns for the company and its shareholders while ensuring the safety of the funds and not affecting daily operations [1][7]. Investment Overview - **Investment Purpose**: The objective is to improve the efficiency of self-owned funds and increase company returns without impacting daily operational funding needs [3]. - **Investment Amount**: The company intends to use up to RMB 12 billion for low to medium-risk financial products, including but not limited to bond investments and money market funds, within a 12-month period [3][6]. - **Source of Funds**: The funds will come from temporarily idle self-owned capital [3]. Investment Method - **Investment Products**: The company will select low to medium-risk financial products with high safety and liquidity, including bonds and entrusted wealth management products from qualified financial institutions [4][5]. - **Decision Authority**: The board has authorized the chairman to make investment decisions within the specified limits and timeframe [5]. Risk Analysis and Control Measures - **Investment Risks**: The company acknowledges that financial markets are influenced by macroeconomic factors, which may affect investment outcomes [8][28]. - **Risk Control Measures**: The company will adhere to relevant regulations and establish a robust approval and execution process for wealth management investments, ensuring compliance and timely risk assessment [9][29]. Impact on the Company - The planned use of idle funds for wealth management is expected to enhance fund efficiency and increase returns without adversely affecting the company's daily operations or main business activities [10][30].

Group 1: Industry Insights - The Ministry of Industry and Information Technology (MIIT) has warned against irrational competition in the lithium battery industry, convening a meeting with 16 major companies to discuss regulatory measures [1] - The State Administration for Market Regulation (SAMR) has interviewed six leading photovoltaic companies regarding monopoly risks and has mandated corrective actions by January 20 [1] - Guangzhou is accelerating the construction of liquid rocket assembly and testing bases, focusing on reusable rocket technology to enhance national aerospace capabilities [2] Group 2: Company Announcements - MiniMax is set to list on the Hong Kong Stock Exchange on January 9, with a pricing result of HKD 165 per share, and its dark market performance showed a 26.8% increase [3] - Zhong UAV has signed a contract exceeding RMB 100 million for drone systems, which is expected to positively impact its financial performance [4][5] - TianNeng Co. plans to use up to RMB 12 billion of its idle funds for low-risk financial investments, which has been approved by its board [5] - Hu Silicon Industry's major shareholder, the National Integrated Circuit Industry Investment Fund, has reduced its stake by 0.2% [5] - Yongxi Electronics expects a net profit increase of 13.08% to 50.77% for 2025, driven by growth in the semiconductor industry and improved product structure [6] - BiYi Micro has set an initial transfer price of RMB 36.29 per share for its stock, with a subscription multiple of 6.99 times [7] - ZhiXiang JinTai's application for conditional approval of its GR1803 injection has been accepted by the National Medical Products Administration [8] - Zejing Pharmaceutical's injection of human thyroid-stimulating hormone beta has been approved for market entry, enhancing its product line [9] - Mengke Pharmaceutical has received a patent term extension for its core product, significantly improving its market competitiveness [9] - Chip Source Micro has reported a 30% stock price fluctuation, confirming normal business operations [9] - Jiyu Pharmaceutical has completed nearly RMB 2 billion in Series A financing, focusing on innovative drug development [10] - Yiwei Aerospace has completed a million-level angel round financing, aimed at developing space computing systems [10]

Group 1 - Runjian Co., Ltd. signed a strategic cooperation framework agreement with JD Technology to collaborate in AI applications, intelligent computing cloud expansion, and AIDC cooperation [1] - The partnership aims to commercialize AI technology in various sectors including smart agriculture, intelligent parks, digital cultural tourism, and smart retail [1] - Both companies will enhance the "Runjian Cloud" and leverage JD's extensive market channels for business expansion [1] Group 2 - Vanke A announced that Yu Liang will retire due to age, effective January 8, 2026, and will no longer hold any position in the company [2] - The resignation will not affect the board's operation or the company's daily business [2] Group 3 - Zhong Wuyun signed a contract exceeding 100 million yuan for a drone system, which is over 50% of the company's audited revenue from the last fiscal year [3] - The contract is expected to positively impact the company's operating performance for the contract execution year [3] Group 4 - Changhong Technology's subsidiary secured over half of a major domestic wafer factory's procurement share for semiconductor consumables, amounting to over 10 million yuan [4] - This order is expected to enhance the company's market expansion in semiconductor consumables and strengthen its competitive advantage [4] Group 5 - Huibo Pu is planning to transfer 25%-30% of its shares, which may lead to a change in the controlling shareholder [5] - The stock will be suspended from trading starting January 9, 2026, for up to two trading days [5] Group 6 - Tiansheng New Materials announced that its largest shareholder is planning a significant matter that may lead to a change in control [6] - The stock will be suspended from trading starting January 9, 2026, for up to two trading days [6] Group 7 - Hu Silicon Industry reported that the National Integrated Circuit Industry Investment Fund reduced its stake by 0.2%, from 17.16% to 16.96% [9] Group 8 - Guangdong Yuedian A announced that the 5th unit of the Huizhou Power Plant expansion project has been put into operation, with a total investment of 8.05 billion yuan [10] - The project is expected to generate an annual power output of 8.84 billion kWh, which is significant for expanding the company's power generation capacity [10] Group 9 - Tianneng Co., Ltd. plans to use up to 12 billion yuan of idle funds for entrusted wealth management, focusing on low to medium-risk financial products [11] Group 10 - Quanxin Co., Ltd. plans to issue convertible bonds to raise up to 312 million yuan for commercial aviation transmission and communication integration projects [12] Group 11 - Meike Home announced a significant loss and decided to suspend operations at its Tianjin manufacturing facilities due to low utilization rates [13] - The company aims to optimize idle capacity and reduce losses while ensuring employee rights during the transition [13] Group 12 - Aimeike announced that its exclusive distributor for botulinum toxin products received a drug registration certificate, marking a key milestone in its strategic layout [14] Group 13 - Pairui Co., Ltd. signed a framework agreement for bulk procurement of IGBT chips, with projected supply amounts totaling approximately 1.3 to 1.4 billion yuan for 2028-2030 [15]

Group 1 - The company TianNeng Co., Ltd. announced on January 8 that it will hold the sixth meeting of the third board of directors on January 8, 2026 [2] - The board approved a proposal to use part of its temporarily idle self-owned funds for entrusted wealth management, with a maximum amount not exceeding 12 billion RMB [2] - The investment will focus on low to medium risk financial products that are safe, have good liquidity, and relatively high returns, ensuring that the main business operations are not affected and that fund safety is maintained [2]