● 本报记者 刘丽靓 国有企业改革深化提升行动迎来阶段性收官。1月9日，国务院国资委副主任李镇在国有企业改革深化提 升行动经验交流会上表示，截至目前，深化提升行动主体任务已基本完成，布局结构、科技创新、公司 治理、监管机制等方面向前迈出新的步伐。 "深化提升行动在时间上已经'收官'，但深化改革不能'收兵'。"李镇表示，在进一步深化国资国企改革 方案下发前，各单位要认真做好深化提升行动的总结，继续推动改革任务的深化，认真谋划好下一步改 革。 重组整合持续发力 改革深化提升行动的成效，首先体现在国有经济布局优化和结构调整上，近年来，国有经济向新质生产 力布局明显提速。 一方面，战略性重组和专业化整合持续发力。组建中国雅江集团、中国资环集团、中国长安汽车、中国 数联物流……一批服务国家战略全局的新央企应运而生。同时，一系列央企专业化整合也纵深推进，如 中国石油、南方电网整合涉及资产规模超千亿元；中国一汽、中国旅游集团完成动力电池、邮轮运营资 源整合；华润集团完成康佳集团专业化整合；中国五矿重组设立我国最大的钾盐企业等，着力推动产业 向重点领域、优势赛道集中。 地方国资同步发力，如河北、重庆、辽宁、内蒙古等地通过专业 ...

同时，国有企业研发投入强度显著提升。李镇透露，"十四五"以来中央企业研发经费年均增长6.5%， 2022年至2024年连续三年破万亿元，基础研究投入年均增长达19%。 各地、各中央企业聚焦成果转化，注重搭建从技术到产品的"桥梁"，中央企业对外开放中试验证平台 134个，在16个重点行业打造800多个应用场景。 李镇表示，深化提升行动在时间上已经"收官"，但深化改革不能"收兵"。各单位要为新一轮改革做好准 备。(完) 中新社北京1月9日电 (记者 庞无忌)中国国务院国资委副主任李镇9日在北京透露，2025年1月至11月， 中央企业在战略性新兴产业领域的营收突破11万亿元(人民币，下同)。这与2024年全年水平基本相当。 当日，国务院国资委召开"国有企业改革深化提升行动经验交流会"。李镇在此间表示，截至目前，国企 改革深化提升行动主体任务已基本完成。国资国企历经多轮改革，整体面貌发生了根本性变化。 他指出，国有经济向新质生产力布局明显提速，战略性重组和专业化整合持续发力。中国雅江集团、中 国资环集团、中国长安汽车、中国数联物流等新央企组建，资源配置效率进一步提升。中央企业开展一 系列专业化整合，着力推动产业向重点 ...

Group 1 - The core message emphasizes that while the deepening reform actions have concluded, the reform process must continue without pause, with a focus on summarizing past actions and preparing for future reforms [1] - The establishment of new central enterprises such as China Yajiang Group and China Zihuan Group aims to enhance resource allocation efficiency and strengthen core competitiveness through strategic restructuring [3] - A total of 116 strategic restructuring initiatives have been launched across various regions, involving 229 primary enterprises, aimed at enhancing the core competitiveness of state-owned enterprises [3] Group 2 - By November 2025, central enterprises are projected to achieve over 11 trillion yuan in revenue from strategic emerging industries, indicating significant growth in this sector [4] - Various regions and central enterprises are actively developing new industry layouts and exploring innovative paths, such as the integration of green energy and computing power [4] - The establishment of 28 local "two non" and "two asset" disposal channels reflects a strengthened focus on core business responsibilities and the reduction of blind diversification [5] Group 3 - Central enterprises are leading the construction of 97 original technology sources, with many implementing long-term incentives for original innovation and innovation liability exemption systems [6] - The implementation of performance-based salary adjustments has affected over 20,000 managerial positions, indicating a shift towards a more market-oriented management mechanism [7] - A total of 89 central enterprises are piloting treasury supervision platforms linked to online procurement, enhancing transparency and accountability in procurement processes [8]

Market Performance - The rail transit equipment sector increased by 0.1% compared to the previous trading day, with Zhonghe Technology leading the gains [1] - The Shanghai Composite Index closed at 4120.43, up by 0.92%, while the Shenzhen Component Index closed at 14120.15, up by 1.15% [1] Individual Stock Performance - Zhonghe Technology (000925) closed at 9.22, with a rise of 2.22% and a trading volume of 499,900 shares, amounting to a transaction value of 460 million yuan [1] - Yonghui Electric (300351) closed at 18.62, up by 1.92%, with a trading volume of 197,000 shares and a transaction value of 365 million yuan [1] - High-speed Rail Electric (688285) closed at 9.27, increasing by 1.53%, with a trading volume of 39,200 shares and a transaction value of approximately 36.19 million yuan [1] Capital Flow Analysis - The rail transit equipment sector experienced a net outflow of 131 million yuan from institutional investors, while retail investors saw a net inflow of 127 million yuan [2] - The individual stock capital flow indicates that Yonghui Electric had a net outflow of 23.52 million yuan from institutional investors, while it attracted a net inflow of 4.89 million yuan from retail investors [3] - Zhonghe Technology had a net inflow of 12.75 million yuan from institutional investors, but a net outflow of 32.06 million yuan from retail investors [3]

截至2026年1月7日收盘，中国通号（688009）报收于5.55元，较前一交易日下跌0.36%，最新总市值为 587.73亿元。该股当日开盘5.55元，最高5.57元，最低5.52元，成交额达1.95亿元，换手率为0.41%。 最新公告列表 《H股市场公告》 以上内容为证券之星据公开信息整理，由AI算法生成（网信算备310104345710301240019号），不构成 投资建议。 公司近日发布公告称，截至2025年12月31日的证券变动月报表显示，中国铁路通信信号股份有限公司H 股和A股的法定/注册股本均无变动。H股总数为1,968,801,000股，每股面值人民币1元，于香港联交所上 市；A股总数为8,621,018,000股，每股面值人民币1元，在上海证券交易所科创板上市。库存股数量为 零。已发行股份总数未发生变化，本月底法定/注册股本总额为人民币10,589,819,000元。 ...

FF301 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年12月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 中國鐵路通信信號股份有限公司 呈交日期: 2026年1月5日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | H | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 03969 | 說明 | H股 | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 1,968,801,000 | RMB | | 1 RMB | | 1,968,801,000 | | 增加 / 減少 (-) | | | 0 | | | RMB | | 0 | | 本月底結存 | | | 1,968,801,000 | RMB | | 1 RMB | | 1,968,801,000 | | 2. 股份分類 | ...

Core Viewpoint - The project marks a significant milestone for China Tonghao Urban Transportation Company, as it secures its first billion-level order in the intelligent operations sector, focusing on advanced logistics solutions [1] Group 1: Project Details - The project is led by China Tonghao Urban Transportation Company in collaboration with Shijiazhuang Jiaotou Intelligent Technology Co., Ltd. and Shijiazhuang Road and Bridge Group Co., Ltd. [1] - It involves the procurement of automation software and hardware for the Shijiazhuang International Cold Chain Logistics Park [1] - The core framework of the project includes "smart scheduling + automated transportation + intelligent operation and maintenance" [1] Group 2: Industry Impact - The initiative aims to establish a benchmark in the modern smart cold chain logistics industry, emphasizing technological leadership and comprehensive functionality [1]

Core Insights - The report emphasizes a positive outlook for the mechanical industry in 2026, driven by structural transformation and a rebound in external demand [3][4] - The report introduces a "risk排雷" manual to proactively identify potential market misjudgments and challenges within various sectors [3][4] Industry Overview - The mechanical industry is expected to experience a cyclical reversal, with growth in engineering machinery, industrial gases, shipbuilding, photovoltaic equipment, and lithium battery equipment [6][8] - Key assumptions include continued government support for emerging technology industries and a stable macroeconomic recovery [11][16] Engineering Machinery - The engineering machinery sector is witnessing a cyclical upturn, with increased overseas market share and a gradual domestic renewal cycle [17] - Key growth drivers include global market expansion, improved domestic demand due to favorable macro policies, and a stabilizing domestic infrastructure and real estate market [17] Shipbuilding - The shipbuilding industry is on an upward trend, with demand supported by a variety of vessel types and improving profitability for shipyards [19] - The sector is expected to benefit from supply constraints driving up ship prices and a focus on high-end, large-scale, dual-fuel vessels [20] Export Chain - The export chain is optimistic about demand recovery, particularly in the U.S. market, with a focus on strategic exports and emerging markets [22] - Key assumptions include a favorable trade environment and ongoing industrial shifts towards resource-rich countries [22] Industrial Gases - The industrial gases sector is viewed positively, with expectations of volume and price increases leading to improved valuations [27] - The report highlights the importance of leading companies in the sector and recommends focusing on those with operational highlights in niche markets [30] Lithium Battery Equipment - The lithium battery equipment sector is expected to emerge from a downturn, with solid-state battery technology creating significant market opportunities [51] - The report anticipates a substantial increase in market size, projecting a growth from 2.06 billion in 2025 to 33.62 billion by 2030 [51] Wind Power Equipment - The wind power industry is projected to maintain high growth, particularly in offshore wind projects, with significant investments expected [63] - The report recommends focusing on leading manufacturers and components that support the offshore wind market [64] Testing and Inspection - The testing and inspection sector is expected to see upward momentum, driven by increasing demand and a trend towards consolidation among leading firms [71] - The report emphasizes the importance of focusing on emerging fields and the long-term growth potential of comprehensive testing companies [71] Rail Transit Equipment - The rail transit equipment sector is expected to benefit from steady investment in fixed assets and high demand for passenger and freight transport [75] - The report highlights the potential for continued growth in the high-speed train sector and recommends key players in the industry [76] Oil Service Equipment - The oil service equipment sector is anticipated to thrive due to sustained demand driven by oil prices and energy security concerns [79] - The report suggests focusing on companies with strong technical barriers and those benefiting from domestic and international market opportunities [80]

FF301 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年12月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 中國鐵路通信信號股份有限公司 呈交日期: 2026年1月5日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | H | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 03969 | 說明 | H股 | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 1,968,801,000 | RMB | | 1 RMB | | 1,968,801,000 | | 增加 / 減少 (-) | | | 0 | | | RMB | | 0 | | 本月底結存 | | | 1,968,801,000 | RMB | | 1 RMB | | 1,968,801,000 | | 2. 股份分類 | ...

Core Viewpoint - The report highlights the growth in China's high-speed train production, indicating a significant increase in output and market potential for related companies in the industry [1] Group 1: Industry Overview - According to the National Bureau of Statistics, the production of China's high-speed trains reached 206 units in November 2025, representing a year-on-year increase of 24.1% [1] - From January to November 2025, the cumulative production of high-speed trains in China was 1,722 units, showing a cumulative growth of 9.3% [1] Group 2: Companies Involved - Listed companies in the high-speed rail sector include China CRRC (601766), China Railway Signal & Communication (688009), and others such as Thinking Rail Control (603508) and Beijing-Shanghai High-Speed Railway (601816) [1] - The report by Zhiyan Consulting provides strategic analysis and market outlook for the high-speed rail industry from 2026 to 2032, indicating a focus on operational patterns and future prospects [1]