Core Viewpoint - The report highlights a projected decline in China's steel production in December 2025, with a year-on-year decrease of 3.8%, while the cumulative production for the year is expected to grow by 3.1% to 1.45 billion tons [1]. Group 1: Industry Overview - According to the National Bureau of Statistics, China's steel production is forecasted to be 120 million tons in December 2025, reflecting a year-on-year decline of 3.8% [1]. - The cumulative steel production in China for the year 2025 is projected to reach 1.45 billion tons, indicating a cumulative growth of 3.1% [1]. Group 2: Companies Mentioned - Listed companies in the steel sector include Baosteel Co., Ltd. (600019), Ansteel Co., Ltd. (000898), Maanshan Iron & Steel Co., Ltd. (600808), Shagang Group (002075), Shougang Group (000959), Baotou Steel (600010), Taiyuan Iron & Steel (000825), Hunan Valin Steel (000932), Hebei Iron & Steel (000709), and Nanjing Steel (600282) [1]. Group 3: Research Report - The report titled "Analysis of Competitive Landscape and Investment Development Research on China's Steel Deep Processing Industry from 2026 to 2032" was published by Zhiyan Consulting, a leading industry consulting firm in China [1]. - Zhiyan Consulting has been dedicated to industry research for over a decade, providing in-depth industry reports, business plans, feasibility studies, and customized services [1].

2020-2025年中国粗钢产量统计图 数据来源：国家统计局，智研咨询整理 知前沿，问智研。智研咨询是中国一流产业咨询机构，十数年持续深耕产业研究领域，提供深度产业研 究报告、商业计划书、可行性研究报告及定制服务等一站式产业咨询服务。专业的角度、品质化的服 务、敏锐的市场洞察力，专注于提供完善的产业解决方案，为您的投资决策赋能。 上市企业：宝钢股份（600019）,鞍钢股份（000898）,马钢股份（600808）,沙钢股份（002075）,首钢股 份（000959）,包钢股份（600010）,太钢不锈（000825）,华菱钢铁（000932）,河钢股份（000709）,八 一钢铁（600581） 相关报告：智研咨询发布的《2026-2032年中国粗钢行业市场运行态势及发展趋势分析报告》 根据国家统计局数据显示：2025年12月中国粗钢产量为0.7亿吨，同比下降10.3%；2025年中国粗钢累计 产量为9.6亿吨，累计下降4.4%。 ...

Core Viewpoint - On January 28, a total of four listed companies had their restricted shares unlocked, with a total market value of approximately 2.613 billion yuan [1]. Group 1: Company Specifics - Ansteel Corporation (鞍钢股份) had 1.1371 million shares unlocked, categorized as equity incentive restricted circulation [1]. - Nantian Information (南天信息) had 3.7738 million shares unlocked, also under equity incentive restricted circulation [1]. - Huayi Brothers Media Corporation (华谊集团) had 8.3615 million shares unlocked, classified as equity incentive restricted circulation [1]. - Innotech (英诺特) had 67.6475 million shares unlocked, with no specific category mentioned [1].

大小通吃，这碗饭谁都能吃 这风口一开，产业链彻底沸腾。天眼查数据显示，2025年新注册的工业互联网企业暴涨了27.8%，大家都想分一杯羹。浪潮云洲的董事长看得很透：大企业 要搞专用大模型，玩的是"高定"；中小企业玩不起高科技？那就推"模型即服务MaaS"，像点外卖一样用AI，门槛直接踩到底。 网络要"神经"，落地得"抠细节" 最近的政策圈有点"忙"，关于工业互联网的利好跟连珠炮似的往外冒。这不是简单的喊口号，而是实打实的"路线图"——到2028年要搞出450多个有头有脸 的工业互联网平台，还要拉着不少于5万家企业搞"新型工业网络"大改造。这一套组合拳下来，目标很明确：让AI给工业互联网装上"大脑"，到2025年核心 产业规模要冲过1.6万亿元大关。这哪是规划？分明是给制造业泼天的富贵！ 告别"连得上"，我们要"想得明白" 以前咱们聊工业互联网，顶多是"连得上、看得见"，像鞍钢那位大佬说的，那是跑分阶段。现在生成式AI和工业大模型成熟了，直接跨越到"认知理 解"和"智能决策"。啥概念？就是以后的工厂不光能传送数据，还能自己琢磨怎么省电、怎么排产。目前这网已经罩住了41个工业大类，2.3万个"5G+工业互 联网" ...

内容概况：随着城市化进程的持续加速和居民生活水平的不断提高，生活垃圾的产生量逐年攀升，给城市环境治理带来了显著压力。生活垃圾转运站作为实 现垃圾从分散收集到集中转运的关键环卫基础设施，是连接居民日常生活与终端处理厂的核心枢纽，对于维护城市环境卫生、保障公众健康发挥着不可或缺 的重要作用。尤其在人口密集的大中城市，巨大的垃圾产生量对转运站的处理能力与运营效率提出了更高要求。与此同时，新能源汽车、物联网与智能化等 新技术的应用，正为行业的技术升级与模式创新注入新的动力。数据显示，2021-2024年中国生活垃圾转运站行业市场规模从35.8亿元增长至47.5亿元，年复 合增长率为9.88%。展望未来，在城镇化持续推进的背景下，生活垃圾产生量预计将保持增长态势。为有效应对这一挑战并满足城市垃圾处理体系的现实需 求，生活垃圾转运站的设施规模与服务能力将持续扩大与提升。到2025年中国生活垃圾转运站行业市场规模将增至45.48亿元，行业将在技术赋能与规模扩 张的双重驱动下，朝着更高效、更智能、更环保的方向发展。 相关上市企业：启迪环境（000826）、盈峰环境（000967）、武汉天源（301127）、瀚蓝环境（6003 ...

1. Report Industry Investment Rating No relevant information provided. 2. Core View of the Report - Due to the factors on the news front, the prices of black - series commodity futures have turned from weak to strong recently, and the changes in the fundamentals tend to show a basic balance between supply and demand. It is expected that there is a high possibility of a moderately strong oscillation in the future market. It is advisable to arrange medium - to long - term buy - hedging or investment positions on dips [10]. 3. Summary by Related Catalogs 3.1 Market Review and Future Outlook 3.1.1 Spot Market Dynamics and Technical Analysis - On January 26, the prices of some rebar and hot - rolled coil spot markets rose. The rebar price in Shenyang market increased by 30 yuan/ton, and the rebar prices in Hangzhou, Wuhan, Beijing, Baotou, and Chongqing markets rose by 10 - 20 yuan/ton. The hot - rolled coil prices in Nanchang, Baotou, Shenyang, Harbin, and Guangzhou markets increased by 10 - 20 yuan/ton, while the hot - rolled coil price in Shanghai market fell by 10 yuan/ton [8]. - The daily KDJ indicators of the rebar and hot - rolled coil 2605 contracts showed a divergent trend, with the J and K values continuing to rise and the D value continuing to decline, showing a trend of a golden cross. The daily MACD green bars of the rebar and hot - rolled coil 2605 contracts narrowed for two consecutive trading days [8]. 3.1.2 Future Outlook - News front: Europe and the United States will not impose additional tariffs on each other due to the Greenland issue for the time being, and the risk appetite of the global financial market has turned to recovery again. The US military is gathering in the Middle East, and Iran has become the focus of geopolitical attention again. The international crude oil and energy prices have been significantly boosted by the tense situation in the Middle East and the low - temperature weather in Eurasia, and the strong energy prices have partially spilled over to the metal commodity market [9][10]. - Fundamentals: The output of the five major steel products has increased slightly for four consecutive weeks, while the demand has declined, approaching the lowest level since mid - October last year and the second - lowest level since late February last year. Due to the weekly oversupply, the total inventory has started to increase. On the cost side, the spot price of iron ore has risen after significantly giving back the gains since December 25 last year, while the spot price of coke has been relatively stable after the fourth round of price cuts. However, urged by coke enterprises, more and more steel enterprises are considering accepting a new round of price increases for coke [10]. - Raw materials: The shipment volume of iron ore from Australia and Brazil has decreased by 4.7% on a four - week basis compared to the previous period, but the arrival volume has increased by 3.6%. The port iron ore inventory has reached a record high of 1.67 billion tons, and steel mills have replenished their iron ore stocks to a 23 - day available level. Independent coking enterprises have slightly reduced production after following the increase in production of steel enterprises in the past four weeks. The customs clearance volume of Mongolian coal has rebounded again since January 12. Except on January 16, the customs clearance volume of Mongolian coal at the Ganqimaodu Port has exceeded 190,000 tons again, and the supply of imported coal has rebounded again. Considering the cold weather in most of the north, the supply and demand are still relatively balanced [10]. 3.2 Industry News - China Iron and Steel Association: The industry should promote the application of energy - saving technologies based on the three - year summary of extreme energy efficiency to promote the green and low - carbon transformation of the steel industry [11]. - Production data of key steel enterprises in mid - January 2026: The average daily output of crude steel decreased by 0.9% month - on - month, the average daily output of pig iron increased by 1.8% month - on - month, and the average daily output of steel products increased by 3.0% month - on - month. The steel inventory of key steel enterprises increased by 7.3% compared with the previous ten - day period [11]. - Corporate performance: Shagang Co., Ltd. expects its net profit in 2025 to increase by 50.69% - 78.37% year - on - year; Bayi Iron and Steel Co., Ltd. expects a net loss of 1.85 - 2.05 billion yuan in 2025; Huaibei Mining Co., Ltd. expects its net profit in 2025 to decrease by about 69.21% year - on - year; Zhengzhou Coal and Electric Co., Ltd. expects a net loss of about 916 million yuan in 2025 [11][12]. - Market demand: China's demand for thermal coal decreased by 0.4% in 2025, and the proportion of the power industry further declined to 62.8% [12]. - International trade: Australia launched a safeguard measure investigation on imported pre - fabricated steel structures on January 23, 2026; Thailand decided to maintain the original anti - dumping tax rates on cold - rolled carbon steel coils and non - coils from the Chinese mainland, Taiwan region, and Vietnam for another five years on January 22, 2026 [12]. - International situation: The US Treasury Department imposed a new round of sanctions on entities and vessels related to Iran's energy and shipping systems on January 23; the world's crude steel output in December 2025 decreased by 3.7% year - on - year [12]. - Market expectation: The market believes that the probability of the Fed keeping interest rates unchanged in the January monetary policy meeting has reached 95% [13]. 3.3 Data Overview - The report provides multiple data charts, including the spot prices of rebar and hot - rolled coils in major markets, the weekly output of five major steel products, the steel mill inventory of five major steel products, the social inventory of rebar and hot - rolled coils in major cities, the blast furnace and electric furnace operating rates and capacity utilization rates, the national daily average pig iron output, the apparent consumption of five major steel products, and the basis between Shanghai rebar and hot - rolled coil spot and May contracts. The data sources are Mysteel and the Research and Development Department of CCB Futures [14][16][19].

在该作业区，气瓶间长期储存氩气等惰性气体，此类气体泄漏易造成局部缺氧，存在安全隐患。此前仅配置一氧化碳报警器的管控模式，无法监测氧气浓 度变化，缺氧隐患难以及时预警，成为安全生产的"隐形风险点"。为从根源化解隐患，该作业区秉持"安全为先、精益为本"原则，构建闭环整改体系，精 准推进管控升级。在硬件优化上，作业区深挖内部潜力开展修旧利废，对闲置损坏的氧气报警器进行专业修复调试；同步加装声光报警装置，按安全规范 安装经检定合格的氧气检测报警器，结合现场工况科学设定高低氧报警阈值，实现风险实时监测、异常即时预警。在人员赋能上，组织班组职工开展专项 培训，围绕报警识别、应急撤离、现场处置等实操要点系统讲解，全面提升作业人员应急处置能力，筑牢"人人讲安全"的思想防线。通过"双管齐下"，解 决了此"隐形风险点"难题。 此次管控升级是该中心组织作业区将精益管理融入"双基"建设的生动实践。下一步，该中心将持续聚焦生产现场安全隐患与管理痛点，不断完善安全管控 体系，以精准施策、务实举措护航生产安全，为板材公司高质量发展提供坚实支撑。 （来源：本钢板材） "精益+双基"专栏 安全是企业高质量发展的"压舱石"。近期，板材质检计量中 ...

Group 1 - The steel sector saw a slight increase of 0.41% on January 26, with Wujin Stainless Steel leading the gains [1] - The Shanghai Composite Index closed at 4132.61, down 0.09%, while the Shenzhen Component Index closed at 14316.64, down 0.85% [1] - Key stocks in the steel sector showed varied performance, with Wujin Stainless Steel closing at 9.30, up 3.56%, and Baosteel closing at 7.30, up 0.83% [1] Group 2 - The steel sector experienced a net outflow of 334 million yuan from main funds, while retail investors saw a net inflow of 304 million yuan [2] - Among individual stocks, Baosteel had a net inflow of 87.72 million yuan from main funds, while Chongqing Steel saw a net inflow of 44.03 million yuan [3] - The overall trading volume for the steel sector was significant, with Baosteel recording a transaction amount of 1.167 billion yuan [1][2]

内容概况：随着排放标准趋严，天然气净化、煤化工、钢铁冶金、石油化工等高耗能行业正成为潜力巨 大的增量市场。2024年，中国脱硫脱碳剂行业市场规模为179.63亿元，同比增长7.61%。首先，是国 家"双碳"战略下的环保高压与标准迭代。燃煤电厂、钢铁、水泥等传统高耗能行业面临的超低排放改造 要求（如SO₂排放浓度需低于35mg/m³）是存量市场的长期刚需。其次，增长更来源于下游应用市场的 结构性拓宽与深化。随着新能源产业崛起，天然气净化（尤其是页岩气开采）、煤化工精细化发展以及 石油炼制升级等领域，对原料气和过程气的脱硫脱碳提出了更高、更复杂的要求。这些新需求不仅提升 了行业的总量，更因其技术难度大，显著提高了产品的附加值和定制化比例。 一、行业概述 脱硫脱碳剂是用于从气体（如烟气、天然气、合成气等）中同时或分别去除硫氧化物（如SO₂、H₂S） 和碳氧化物（如CO₂）的化学物质或混合物。其核心作用是通过吸收、吸附、化学反应或转化，将有害 气体转化为无害或可回收物质，以满足环保排放标准或提升能源利用效率。脱硫脱碳剂按工艺方法主要 分为湿法、干法、半干法三类。 脱硫脱碳剂分类 二、行业产业链 脱硫脱碳剂行业产业链上 ...

虽然中国的当代企业史研究，从1996年国家经贸委启动编纂《中国企业史》算起已经30年，成果丰硕， 而且近代企业史研究也已成为近代史中的显学，并由此推动当代企业史研究，但是就中国经济发展的成 就和未来趋势看，当前企业史研究仍有巨大的发展空间。 当前企业史研究呈现出三个特点 这几年我的研究重心转向社会生产力的发展，而生产力发展涉及两个关键领域：一是科技，邓小平提出 了"科技是第一生产力"的论断；二是企业，尤其是工业企业，因为企业是经济发展的主体，是人力、资 本、技术、组织结合的载体，也是企业家精神、工匠精神的载体。当今社会，企业已经成为承载社会生 产力的主要载体。若不研究企业的发展变化，不研究企业的"生老病死"和社会责任，研究生产方式、研 究生产力的发展就很难深入下去，理论无法落地，结论往往空洞。通过这几年我对新中国生产力的研 究，当然也涉及中国近代和古代的相关内容，我发现当前企业史研究呈现出三个特点： 一是不少研究当代企业史的学者主要来自政府财经部门、企业界、高校和科研院所，也包括一些记者和 财经专家，他们的研究往往就事论事多，研究某个企业的成功历史、成功经验多，企业创办人个人贡献 和企业家精神多。比如近些年来 ...