Core Insights - The article highlights the achievements of ten exemplary entrepreneurs who have significantly contributed to China's economic landscape, showcasing their courage, vision, and resilience in various industries [3][4]. Group 1: Industrial Leadership - The emergence of great companies often begins with leaders who possess a profound insight into the "certainty" of their times, as exemplified by Ma Changhai of Weichai Power and Chen Jinghe of Zijin Mining [6]. - Chen Jinghe transformed Zijin Mining from a struggling company into a global mining giant by focusing on independent research and development, overcoming external competition and internal technical challenges [7][9]. - Ma Changhai led Weichai Power through comprehensive reforms and innovations, emphasizing the importance of mastering core technologies to strengthen China's industrial autonomy [11]. Group 2: Commitment to Excellence - Entrepreneurs like Leng Youbin of Feihe Dairy and Wu Xiangdong of Zhenjiu demonstrate the depth and warmth of "Made in China" through their commitment to quality and cultural heritage [13][16]. - Leng Youbin's strategic decisions during a crisis in the dairy industry led to the establishment of a complete supply chain for infant formula, enhancing safety and quality [14]. - Wu Xiangdong's acquisitions in the liquor industry allowed him to transition from brand management to controlling core production capabilities, thus preserving cultural heritage while achieving commercial success [17][19]. Group 3: Innovation and New Frontiers - Entrepreneurs such as Peng Jun of Xiaoma Zhixing and Zhao Deli of XPeng Huitian are pioneering new avenues in transportation, focusing on autonomous driving and flying cars, respectively [25][27]. - Liu Debing of Zhipu and Han Bicheng of Qiangnao Technology are exploring the intersection of artificial intelligence and life sciences, contributing to China's shift from application-driven innovation to foundational research [27][30]. - The article emphasizes the importance of these entrepreneurs in driving technological advancements and establishing China as a leader in global innovation [30].

Core Insights - The article highlights the achievements of ten distinguished entrepreneurs who have significantly contributed to China's economic landscape, showcasing their courage, vision, and resilience in various industries [2][33]. Group 1: Industrial Leadership - Chen Jinghe, founder of Zijin Mining, transformed the company from a small local enterprise into a global mining giant by overcoming technical challenges and establishing an international strategy [5][37]. - Ma Changhai, chairman of Weichai Power, led the company through a comprehensive reform process, focusing on mastering core technologies and achieving breakthroughs in heavy-duty engines and hydraulic systems [7][40]. - Both Chen and Ma's stories symbolize China's industrial evolution from scale chasing to technological and value chain leadership [8][40]. Group 2: Manufacturing Excellence - Cold Friend, chairman of Feihe Dairy, adopted a long-term strategy to ensure the safety and quality of infant formula, establishing a complete supply chain from pasture to product [9][43]. - Wu Xiangdong, chairman of Guizhou Zhenjiu, transitioned from brand management to controlling core production capacities through strategic acquisitions, enhancing the cultural value of Chinese liquor [11][45]. - Ma Yin, founder of Anaya, created a unique cultural and tourism destination that emphasizes the integration of business and humanity, setting a new value benchmark in the real estate sector [14][47]. Group 3: Technological Innovation - Peng Jun, chairman of Pony.ai, is pioneering the field of autonomous driving, addressing complex challenges in algorithms and hardware to redefine future transportation [19][53]. - Zhao Deli, founder of XPeng, is working on flying cars, tackling significant technical and regulatory challenges to establish a new industry in low-altitude economy [22][56]. - Liu Debing, chairman of Zhipu AI, is focused on developing AI infrastructure with independent intellectual property rights, marking a significant step in China's AI industry [23][60]. - Han Bicheng, founder of Strong Brain Technology, is innovating in brain-computer interfaces, contributing to advancements in life sciences and assistive technologies [25][58]. Group 4: Social Responsibility and Vision - Lu Mai, former vice chairman of the China Development Research Foundation, emphasizes the importance of early childhood development in rural areas, advocating for immediate action to support children's growth [16][50]. - The article underscores the entrepreneurial spirit as a driving force behind China's transition from manufacturing to value creation, highlighting the importance of social responsibility and cultural heritage in business [18][52].

Group 1 - The Guozheng Free Cash Flow Index fell by 2.86% as of January 30, 2026, with mixed performance among constituent stocks, led by Fostar, while Nanshan Aluminum experienced the largest decline [1] - CICC pointed out that the supply-demand gap for electrolytic aluminum continues to widen, and with global fiscal and monetary policies resonating, aluminum prices are expected to reach new highs, with profit per ton of aluminum likely to expand as prices rise [1] - Guotai Junan Securities noted that while copper prices are currently affected by macro sentiment and AI-related demand adjustments, the long-term outlook remains strong due to ongoing tight supply of copper mines and declining spot processing fees [1] Group 2 - The National Grid's fixed asset investment for the "14th Five-Year Plan" is expected to reach 4 trillion yuan, a 40% increase compared to the previous plan, which supports the copper price outlook [1] - Yingda Securities emphasized the importance of following the "14th Five-Year Plan" and subsequent policy directions, suggesting a focus on technology growth stocks with earnings support, as well as cyclical varieties, domestic consumption, dividend stocks, and sectors with improving economic conditions [1] - The top ten weighted stocks in the Guozheng Free Cash Flow Index as of December 31, 2025, include China National Offshore Oil Corporation, SAIC Motor, Gree Electric Appliances, and others, accounting for 51.95% of the index [2]

Group 1 - The core viewpoint of the article highlights the target price increases for several listed companies, with notable gains for Ningde Times, China Railway, and Shanghai Jahwa, reflecting strong market confidence in these sectors [1][2]. Group 2 - On January 29, the companies with the highest target price increases were Ningde Times (75.79%), China Railway (53.99%), and Shanghai Jahwa (52.17%), indicating significant bullish sentiment in the battery, infrastructure, and cosmetics industries respectively [1][2]. - A total of 27 listed companies received broker recommendations on January 29, with Qingdao Bank receiving the most recommendations at 5, followed by Mingyang Smart Energy and Ruoyuchen with 2 each [1][3]. - Three companies had their ratings upgraded on January 29, including TBEA, which was upgraded from "Hold" to "Buy" by Huatai Securities, reflecting improved outlooks for these firms [4][6]. - Five companies received initial coverage on January 29, with Qingdao Bank rated "Recommended" by Guolian Minsheng Securities, indicating new interest from analysts in these stocks [6][7].

Core Viewpoint - The event "Praise for China's Economy - Entrepreneur Night 2025" highlighted the achievements of Weichai Power and its chairman, Ma Changhai, who emphasized the company's commitment to innovation and leadership in the high-end equipment industry, showcasing significant technological advancements and future growth potential [1][12]. Group 1: Company Achievements - Weichai Power has achieved record performance in 2025, overcoming challenges and setting new historical highs [2][13]. - The company has successfully improved the thermal efficiency of diesel engines to 50%, a significant milestone that has been recognized globally [3][14]. - Weichai Power has invested approximately 400 billion yuan in research and development over the past decade, with annual R&D expenditures ranging from 3 billion to 4 billion yuan [4][18]. Group 2: Technological Innovations - The company has maintained its position as a leader in diesel engine thermal efficiency, having topped global rankings for four consecutive years [3][14]. - Weichai Power is actively exploring alternative fuels such as hydrogen, ammonia, and methanol, positioning itself to adapt to the challenges posed by the rise of new energy vehicles [4][15]. - The latest engine model showcased at the event is noted for its high efficiency and is expected to significantly contribute to the company's growth, particularly in the data center market [9][20]. Group 3: Market Potential - The market for Weichai's products in the data center sector is projected to reach approximately 6 billion USD by 2025, with potential growth to 24 billion USD by 2030 [9][20]. - The company's market share in this sector is anticipated to increase from 10% to 20%, indicating a substantial opportunity for expansion [9][20].

格隆汇1月29日丨潍柴动力(000338.SZ)在投资者互动平台表示，公司没有涉及航天航空和卫星发射业 务。公司正在进行固态电池产业化落地研发工作。 ...

格隆汇1月29日丨潍柴动力(000338.SZ)在投资者互动平台表示，公司没有涉及航天航空和卫星发射业 务。公司正在进行固态电池产业化落地研发工作。 ...

Core Insights - The article highlights the increasing demand for electricity in various sectors such as data centers, communication power, large power plants, and industrial facilities, leading to a structural gap between traditional energy supply and diversified, high-reliability power demand [1] - Shandong Heavy Industry Group has elevated power energy to a major business segment, with its subsidiary Weichai Power actively competing in the high-end global power energy market, traditionally dominated by industry giants [1] Group 1 - Weichai Power has developed a comprehensive range of power energy products, including diesel generators, multi-fuel gas power products, and solid oxide fuel cells (SOFC), to meet diverse energy needs across different industries and scenarios [1][2] - In 2009, Weichai initiated global resource integration by strategically restructuring the century-old French brand Baudouin, filling the gap in high-speed engines over 16L, and expanding its power energy product matrix [2] - Weichai's strategic investment in the UK-based SOFC supplier, Ceres, in 2018 has led to the development of the world's first high-power commercial SOFC product in 2023, achieving a thermal efficiency of 92.55%, setting a global record [2] Group 2 - Weichai is focusing on high-end power products, with the launch of the "Giant" 20M61 diesel generator at the Dubai Power Energy Exhibition in April 2025, aimed at capturing the high-end data center power assurance market [3] - The company is also advancing in the new energy sector with a diverse product matrix including hydrogen internal combustion engines and SOFCs, providing green energy solutions with high energy conversion efficiency [3] - By 2025, Weichai's power products are expected to achieve global sales exceeding 100,000 units, positioning the company among the top three globally, while expanding its market presence in Europe, Southeast Asia, and the Middle East [4] Group 3 - Weichai aims to deepen its focus on the global high-end market, transitioning from a traditional equipment manufacturer to an energy solutions provider, with the goal of establishing a leading position in the global energy transition [4]

香港联交所最新资料显示，1月23日，摩根大通减持潍柴动力（02338）562.9684万股，每股作价25.5673 港元，总金额约为1.44亿港元。减持后最新持股数目约为1.5亿股，最新持股比例7.74%。 责任编辑：卢昱君 热点栏目 自选股 数据中心 行情中心 资金流向 模拟交易 客户端 责任编辑：卢昱君 香港联交所最新资料显示，1月23日，摩根大通减持潍柴动力（02338）562.9684万股，每股作价25.5673 港元，总金额约为1.44亿港元。减持后最新持股数目约为1.5亿股，最新持股比例7.74%。 热点栏目 自选股 数据中心 行情中心 资金流向 模拟交易 客户端 ...

Core Viewpoint - Morgan Stanley has reduced its stake in Weichai Power (000338)(02338) by 5.629684 million shares at a price of HKD 25.5673 per share, totaling approximately HKD 144 million, resulting in a new holding of about 150 million shares, representing a 7.74% ownership [1] Group 1 - Morgan Stanley's recent share reduction indicates a strategic shift in its investment approach towards Weichai Power [1] - The total amount from the share reduction is approximately HKD 144 million, reflecting a significant transaction in the market [1] - After the reduction, Morgan Stanley's remaining shares in Weichai Power stand at around 150 million, which constitutes a 7.74% stake [1]