■ 保荐代表人：周巍 阙雯磊 国联民生证券承销保荐有限公司 2026年1月7日 ...

Market Performance - The digital media sector increased by 4.87% on January 9, with "Zhi De Mai" leading the gains [1] - The Shanghai Composite Index closed at 4120.43, up 0.92%, while the Shenzhen Component Index closed at 14120.15, up 1.15% [1] Individual Stock Performance - "Zhi De Mai" (300785) closed at 52.20, up 12.14%, with a trading volume of 411,300 shares and a transaction value of 2.06 billion [1] - "Xin Hua Wang" (603888) closed at 22.24, up 7.91%, with a trading volume of 386,500 shares and a transaction value of 830 million [1] - "Mango Super Media" (300413) closed at 26.34, up 5.15%, with a trading volume of 430,300 shares and a transaction value of 1.11 billion [1] - "Ren Min Wang" (603000) closed at 21.05, up 4.88%, with a trading volume of 413,400 shares and a transaction value of 855 million [1] - "Shi Jie Zhong Guo" (000681) closed at 26.02, up 4.50%, with a trading volume of 1,395,300 shares and a transaction value of 3.56 billion [1] Capital Flow Analysis - The digital media sector saw a net inflow of 219 million from institutional investors, while retail investors experienced a net outflow of 111 million [2] - "Zhi De Mai" had a net inflow of 99.46 million from institutional investors, but a net outflow of 61.19 million from retail investors [3] - "Mango Super Media" experienced a net inflow of 72.86 million from institutional investors, with a net outflow of 41.86 million from retail investors [3]

国联民生证券承销保荐有限公司 关于山东卓创资讯股份有限公司 持续督导 2025 年培训情况的报告 山东卓创资讯股份有限公司（以下简称"卓创资讯"或"公司"）首次公开 发行股票并于 2022 年 10 月 19 日在深圳证券交易所创业板上市交易。国联民生 证券承销保荐有限公司（以下简称"保荐机构"或"国联民生承销保荐"）作为 其保荐机构，指定周巍、阙雯磊担任保荐代表人。 根据《深圳证券交易所上市公司自律监管指引第 13 号——保荐业务》《深圳 证券交易所创业板股票上市规则》以及《深圳证券交易所上市公司自律监管指引 第 2 号——创业板上市公司规范运作》等有关规定， 国联民生承销保荐保荐代表 人周巍于 2025 年 12 月 29 日对卓创资讯控股股东、实际控制人、董事、高级管 理人员等相关人员进行了专项培训，现将相关情况报告如下： 一、培训基本情况 1、培训时间：2025 年 12 月 29 日 2、培训人员：卓创资讯控股股东、实际控制人、董事、高级管理人员等相 关人员 3、培训主题：关联方违规占用上市公司资金案例分析 二、培训主要内容 本次培训通过法规与案例相结合的方式，重点向培训对象介绍了关联交易、 资金占 ...

关于山东卓创资讯股份有限公司 国联民生证券承销保荐有限公司 2025 年定期现场检查报告 国联民生证券 保存有限 2026 阙雯磊 (本页无正文,为《国联民生证券承销保荐有限公司关于山东卓创资讯股 份有限公司 2025年定期现场检查报告》之签章页 ) 保荐代表人: 周 巍 | 保荐机构名称：国联民生证券承销保荐有限公司 被保荐公司简称：卓创资讯 | | | | | | | | --- | --- | --- | --- | --- | --- | --- | | 保荐代表人姓名：周巍 联系电话：0531-82596870 | | | | | | | | 保荐代表人姓名：阙雯磊 联系电话：0531-82596870 | | | | | | | | 现场检查人员姓名：周巍 | | | | | | | | 年度 现场检查对应期间：2025 | | | | | | | | 现场检查时间：2025 年 月 月30 12 12 | 29 | 日至 | 2025 | 年 | 日 | | | 一、现场检查事项 现场检查意见 | | | | | | | | （一）公司治理 是 否 | | | | | | 不适用 | | 现场检 ...

格隆汇1月8日｜卓创资讯：1月7日，受宏观消息面利好影响，黑色期货整体偏强拉涨，焦煤焦炭主力合 约涨停。受此影响，市场采购情绪有所升温，焦煤投机需求增加，钢厂对焦炭采购积极性也有提升，焦 炭继续提降预期减弱。现货市场来看，目前焦煤坑口成交略有好转，价格或止跌企稳，焦炭成本端支撑 有所增加；但供需关系来看，焦化厂开工负荷稳定为主，局部焦企仍有库存，近期维持积极发货为主， 短期内焦炭供应维持较充足状态；下游钢厂目前高炉铁水产量虽然有阶段性回升，但春节前仍有高炉新 增检修，铁水产量维持低位震荡运行为主，对焦炭需求支撑有限，且春节尚早，多数钢厂维持刚需采 购，暂未集中备货，短期焦炭供需维持略宽松，预计焦炭价格暂稳运行。 ...

1月7日，受宏观消息面利好影响，黑色期货整体偏强拉涨，焦煤焦炭主力合约涨停。受此影响，市场采 购情绪有所升温，焦煤投机需求增加，钢厂对焦炭采购积极性也有提升，焦炭继续提降预期减弱。现货 市场来看，目前焦煤坑口成交略有好转，价格或止跌企稳，焦炭成本端支撑有所增加；但供需关系来 看，焦化厂开工负荷稳定为主，局部焦企仍有库存，近期维持积极发货为主，短期内焦炭供应维持较充 足状态；下游钢厂目前高炉铁水产量虽然有阶段性回升，但春节前仍有高炉新增检修，铁水产量维持低 位震荡运行为主，对焦炭需求支撑有限，且春节尚早，多数钢厂维持刚需采购，暂未集中备货，短期焦 炭供需维持略宽松，预计焦炭价格暂稳运行。（卓创资讯） ...

Group 1 - The core viewpoint of the articles indicates that the domestic copper market is experiencing a significant price increase, with expectations of a new upward trend in copper prices for 2026 due to supply concerns and strong demand forecasts [1][4][6] - As of January 7, 2025, the domestic electrolytic copper price reached 103,535 yuan/ton, a year-on-year increase of 39.17%, breaking the 100,000 yuan/ton mark by the end of December 2025 [2][3] - The long-term contract negotiations for 2026 are characterized by heightened pricing enthusiasm, reflecting market concerns about supply tightness and demand resilience [2][3] Group 2 - The copper concentrate processing fee (TC/RC) negotiations are currently at a stalemate, with expected prices for 2026 ranging from -11 to 0 USD/ton, indicating a significant drop compared to previous years [2][3] - The long-term contract prices for copper in various regions show substantial increases, with some areas reporting price hikes of at least 50 yuan/ton compared to the previous year [3] - The external trade long-term contracts for 2026 show a price increase of 100 USD/ton compared to the previous year, indicating optimism about overseas demand, particularly in Southeast Asia [3] Group 3 - Supply-side concerns are supported by predictions of marginal growth in global copper mine production of only 300,000 to 450,000 metric tons for 2026, influenced by various systemic risks [4] - Despite traditional consumption shrinking, global copper consumption is expected to grow by 3.4% year-on-year in 2026, driven by rapid growth in AI and energy storage consumption [5] - The macroeconomic environment and industry trends are expected to support a long-term upward trend in copper prices, with projections for the LME three-month copper price to range between 10,800 USD/ton and 15,000 USD/ton in 2026 [6]

Group 1 - The stock price of Zhuochuang Information (301299) closed at 55.61 yuan on January 6, 2026, with a slight decrease of 0.13% and a turnover rate of 1.47% [1] - The trading volume was 8,849 lots, resulting in a total transaction amount of 49.21 million yuan [1] Group 2 - The company has maintained steady revenue growth and has a strong focus on investor returns, having implemented cash dividends multiple times since its listing [2] - Zhuochuang Information provides data analysis for bulk commodity futures and serves clients that include financial institutions, having completed the domestic financial information service institution filing with the registration number "鲁金信备〔2023〕1号" [2][2] Group 3 - On January 6, the net outflow of main funds was 182.38 thousand yuan, while retail investors saw a net inflow of 512.14 thousand yuan [3][4] - The net outflow from speculative funds was 329.76 thousand yuan on the same day [4]

Core Viewpoint - The domestic refined oil retail price adjustment on January 6, 2026, resulted in no changes, maintaining stable fuel costs for residents and logistics in the short term [1][2]. Group 1: Price Adjustment and Market Impact - The first price adjustment of 2026 was suspended due to the average price change being less than 50 yuan per ton, as per the current pricing mechanism [1]. - The next price adjustment window is set for January 20, 2026, with expectations of a slight decrease based on current international oil prices [2]. Group 2: Supply and Demand Dynamics - During the current pricing cycle, both gasoline and diesel wholesale prices showed a downward trend, influenced by a decline in international oil prices and stable supply [3]. - Analysts predict that 2026 will see a primary focus on inventory reduction in the refined oil market, with increased pressure on refineries due to declining consumption and the need to manage inventory risks [4]. Group 3: International Oil Price Trends - The international oil market is experiencing a weak and fluctuating trend, with geopolitical tensions providing temporary support, but overall supply excess continues to weigh on prices [5][6]. - The U.S. is currently in a demand slump, leading to rising oil inventory levels, which further contributes to the bearish outlook for international oil prices [5][6].

责任编辑：李铁民 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 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 （成品油：戴田东） 选题背景：本周期内（2025年12月22日24时-2026年1月6日24时），国际原油整体呈现震荡偏弱走势， 波动幅度有限，原油变化率处于正值内回落，预计今晚24时国内成品油零售限价或面临搁浅。 卓创视点：虽然美国加大对南美某国的打击力度，地缘局势紧张支撑油市，但是供应过剩背景持续笼罩 市场，并且美国处于需求淡季，美国石油库存上升预期笼罩市场，下游交易者心态谨慎，国际油价整体 呈现震荡偏弱走势。受此影响，本周期（2025年12月22日24时-2026年1月6日24时）国内参考的原油变 化率处于正值内回落，1月5日收盘，国内第10个工作日参考原油变化率1.07%，预计汽柴油上调45元/ 吨，因本周期内原油变化率对应的汽柴油零售限价调整幅度不足50元/吨，1月6日24时国内汽柴油零售 限价调整或遇搁浅。在未来半个月内（1月6日24时-1月20日24时），居民驾车出行燃油成本及物流运输 燃油成本将维持不变。 卓创资讯认为，市场关注欧洲局势进展，并且 ...