政府工作报告 （一）经济增长迈出坚实步伐。抓好国家政策落实，梯次推出三批政策清单和服务业发展等专项政策， 做足增量、遏制减量、应对变量，经济运行稳健向好、进中提质。地区生产总值增长5.5%、达到10.3万 亿元，成为全国第三个、北方第一个过10万亿元省份。主要指标好于预期。农林牧渔业总产值超过1.3 万亿元，稳居全国首位；规上工业增加值增长7.6%，高于全国1.7个百分点；服务业增加值增长6.1%， 高于全国0.7个百分点；社会消费品零售总额增长5.1%，高于全国1.4个百分点；进出口增长4.5%，高于 全国0.7个百分点。全员劳动生产率持续提升，装备制造业营收、利润较快增长，民间投资占比达到 64.7%，社会融资规模增长9%，制造业中长期贷款余额增长10.6%，非化石能源发电量、用电量占比均 超过30%。项目投资支撑有力。省市县重点项目完成投资2.8万亿元，3920个新投产项目增加产值5100 多亿元。新争取国家政策性资金4700多亿元，支持项目4200余个。工业技改投资增长5.3%。交通、能 源、水利完成投资5400多亿元，董家口至五莲铁路及胶新铁路扩能改造、招远核电一期等项目开工，15 条高速公路建成通 ...

走在前、挑大梁，10万亿之上的山东何以能？答案写在脚下，也写在历史中。 封图：网络图片 卫星从这里发射上天。烟台东方航天港累计成功发射137颗卫星，并聚集了30多家企业。一条集海上发射、火箭研发、卫星星座建设、卫星研 制、数据应用等的航天产业链初具雏形。 "深海一号"在这里下海。该船续航力超过14000海里，其搭载的潜水器"蛟龙号"具备7000米级下潜能力，这也是中国载人深潜的纪录。 海量新能源车在这里下线。2025年，山东新能源汽车产量超过110万辆，平均每天3000多辆下线，销往全国各地乃至世界市场；锂电池总产量达 到225GWh(吉瓦时)，占全国总产量的15.2%。山东成为新能源汽车产业的聚集地。 传统产业在这里蜕变出全新的技术、产能和形态。身处纺织业，即发集团开始从虾蟹壳中提炼纤维，织物染色无须用水；潍柴集团以科技赋能 内燃机产业，大缸径发动机应用于百万卡超算中心备电发电；青岛港（601298）自动化码头成为中国第一个、全球领先的全自动化集装箱码 头…… 放眼齐鲁大地，"十五五"开局之年，扑面而来的是一个不一样的山东。 今天的山东，是中国北方经济压舱石。北方每5元的产出就有1元是山东提供的；"十四五" ...

走在前、挑大梁，10万亿之上的山东何以能？答案写在脚下， 也写在历史中。 作者：种昂 封图：网络图片 卫星从这里发射上天。烟台东方航天港累计成功发射137颗卫星，并聚集了30多家企业。一条集海上发射、火箭研发、卫星星座建设、卫星研制、数 据应用等的航天产业链初具雏形。 "深海一号"在这里下海。该船续航力超过14000海里，其搭载的潜水器"蛟龙号"具备7000米级下潜能力，这也是中国载人深潜的纪录。 海量新能源车在这里下线。2025年，山东新能源汽车产量超过110万辆，平均每天3000多辆下线，销往全国各地乃至世界市场；锂电池总产量达到 225GWh（吉瓦时），占全国总产量的15.2%。山东成为新能源汽车产业的聚集地。 传统产业在这里蜕变出全新的技术、产能和形态。身处纺织业，即发集团开始从虾蟹壳中提炼纤维，织物染色无须用水；潍柴集团以科技赋能内燃机产 业，大缸径发动机应用于百万卡超算中心备电发电；青岛港自动化码头成为中国第一个、全球领先的全自动化集装箱码头…… 放眼齐鲁大地，"十五五"开局之年，扑面而来的是一个不一样的山东。 今天的山东，是中国北方经济压舱石。北方每5元的产出就有1元是山东提供的；"十四五"开局 ...

Core Viewpoint - The A-share market showed a trend of rising and then narrow fluctuations in January, with the Shanghai Composite Index increasing by 3.76%, the Shenzhen Component Index by 5.03%, and the ChiNext Index by 4.47% [1] Group 1: Stock Recommendations - Multiple brokerages have released their investment portfolios for February, covering various sectors including finance, non-ferrous metals, and materials [1] - The most frequently recommended stocks include China Pacific Insurance, Zijin Mining, and Wanhua Chemical, each receiving recommendations from three brokerages [4] - Notable stock performances include兆易创新, which saw a nearly 47% increase in January, and中国中免, which experienced a decline of over 5% [4] Group 2: Industry Preferences - Brokerages suggest that the spring market may see a prolonged period of activity, with potential new trends emerging post-Chinese New Year [6] - Recommendations focus on technology, consumer sectors, and cyclical industries, with an emphasis on identifying Alpha opportunities in cyclical sectors [7] - Specific sectors highlighted for potential growth include food and beverage, real estate, and resource-related industries, with a focus on quality stocks that exhibit both Beta elasticity and Alpha value [7][8] Group 3: Investment Strategies - A balanced growth strategy is recommended, focusing on technology, raw materials, and construction materials benefiting from urban renewal policies [8] - The service consumption sector, including tourism and dining, is suggested for early positioning ahead of the holiday season [9] - Attention is drawn to sectors likely to exceed performance expectations during the earnings reporting period, particularly in resource products and equipment manufacturing [10]

多家券商认为春季躁动的持续时间可能拉长，春节后市场或将迎来一波新的行情。 其中，兆易创新1月内涨幅最多，累计涨近47%，最新收盘价报314.88元；中国中免1月内跌幅最大，累计跌超5%，最新 收盘价报89.37元。 | STATE | | | | | | | | --- | --- | --- | --- | --- | --- | --- | | 证券 | 最新 | 总市值 | 1月月内 | 所属 | 获推荐 | 推荐 | | 简称 | 收盘价 (元) | (亿元) | 涨跌幅 | 行业 | 次数 | 券商 | | 中国太保 | 45.55 | 4093.97 | 8.69% | 美部 | 3 | 中泰证券 太平洋 | | | | | | | | 平安证券 | | 器等处,不 | 40.14 | 10509.07 | 16.45% | 材料 | 3 | 华泰证券 中国银河 | | | | | | | | 光大证券 | | 万华化学 | 87.97 | 2753.88 | 14.72% | 材料 | 3 | 中泰证券 光大证券 | | | | | | | | 太平洋 | | | | 第二回经 | | | | ...

Group 1: Economic Growth and Projections - In 2025, Shandong Province's GDP is projected to exceed 10 trillion yuan, reaching 10.32 trillion yuan, with a year-on-year growth of 5.5%, making it the third province in China and the first in the north to join the "trillion club" [2] - The value added by the primary industry is expected to be 677.5 billion yuan, growing by 4.0%; the secondary industry is projected at 4.0541 trillion yuan, with a growth of 5.0%; and the tertiary industry is anticipated to reach 5.5881 trillion yuan, growing by 6.1% [2] - Industrial output is expected to maintain a high growth rate, with a year-on-year increase of 7.6% in the added value of above-scale industries [2] Group 2: Capital Market Development - The number of listed companies in Shandong is expected to reach 311 by 2025, with the total market capitalization nearing 5 trillion yuan, achieving a historical high [4] - The Shandong stock index is projected to have a growth rate of 44.25%, ranking third in the country, with a total trading volume of 1.36 trillion shares, placing it sixth nationwide [6] - The direct financing amount for listed companies in Shandong is expected to reach 24.901 billion yuan, a year-on-year increase of 303.52% [5] Group 3: Corporate Performance and Market Dynamics - In 2025, Shandong's listed companies are projected to achieve a total operating income of 2.31 trillion yuan, representing a year-on-year growth of 4.52% [14] - The net profit for these companies is expected to reach 151.451 billion yuan, highlighting their significant role in the national economy [14] - The total market capitalization of Shandong's listed companies is anticipated to reach 4.91 trillion yuan, marking a year-on-year increase of 35.82% [10] Group 4: Innovation and R&D - Shandong's listed companies are expected to invest 625.66 billion yuan in R&D in 2025, with a growth rate of 1.87% [17] - The R&D intensity for these companies is projected to be 2.71%, indicating a focus on technological innovation and industry upgrades [17] - Notable advancements include the successful mass production of high-performance materials and breakthroughs in key technologies, contributing to the development of new productive forces [18][19]

最重要的是，烟台市企业凭借4项核心成果强势入围，一跃成为榜单上的"最大赢家"。 文 | 陈明一 2026年山东省政府工作报告，将"科技创新实力"列入"十五五"时期经济社会发展目标任务的"八个显著提升"。 事实上，提及"科技创新实力"，山东刚刚凭借硬实力"走红"。1月25日，2025年度山东省十大科技创新成果榜单正式发布，成为业界关注的焦点。 山东道恩高分子材料股份有限公司的高端轮胎阻隔材料，莱州明波水产有限公司的名贵海鱼规模化人工繁育技术，万华化学集团的高性能柠檬醛，烟台中集 来福士海洋科技集团有限公司的新能源汽车专用运输船…… 这一亮眼成绩并非偶然的灵光乍现，而是 "十四五" 以来烟台坚定"推动科技创新与产业创新深度融合"主线的必然结果。 据烟台市政府网站，1月27日下午，省十四届人大四次会议烟台代表团举行全体会议，集中审议省政府工作报告，审查省国民经济和社会发展第十五个五年 规划纲要（草案）。 烟台市委书记江成在发言时着重提到，"十五五"时期，烟台市将"重点推动体量之变、创新之变、格局之变"，"实现从工业大市向先进制造业强市转变"。可 以说，唯有"科技创新"方可实现"蝶变"。 从政策体系到创新实践，从企业 ...

当前，我国环保装备制造业规模稳步扩大，创新能力显著提升。数据显示，"十四五"时期，我国环保装备制造产 业链自主可控率超90%，核心专利数量全球第一。 为加快推动环保技术装备创新发展，工业和信息化部日前公布重大环保技术装备创新任务揭榜挂帅入围名单（以 下简称"名单"），共118家单位入选，涉及27项差异化任务。多位业界专家表示，名单锚定环保装备产业链"断点""堵 点"，以技术创新驱动环保装备产业全链条升级，在区域布局、入围主体、投入保障、揭榜任务等多方面均有亮点。 中国环保机械行业协会会长于鸿立介绍，"十四五"期间，我国环保装备制造业已形成覆盖水、气、固废、土壤及 环境监测等领域的完整体系。此次发布的名单在区域布局方面，呈现出"东部引领、中西部跟进、重点区域集聚"的格 局，反映了我国环保装备创新资源的优化配置态势。 人民网记者 申佳平 方经纶 具体来看，东部地区凭借产业基础、研发实力和市场需求优势，成为创新主力军，入围单位数量占比接近50%， 依托央企、高校和科研院所资源，彰显高质量攻关队伍硬核实力与科技成果转化能力。中西部地区则凭借丰富的应用 场景展现出差异化创新潜力。名单既立足东部产业优势，又兼顾中西部环境 ...

Core Viewpoint - The company plans to increase its capital by 1,908,558 thousand RMB to its wholly-owned subsidiary, Wanhua Chemical Group (Yantai) Olefin Co., Ltd, to enhance operational efficiency and competitiveness in the carbon two industry [1][4]. Summary by Sections 1. Capital Increase Overview - The capital increase involves an asset contribution of 1,458,558 thousand RMB and a debt contribution of 450,000 thousand RMB, totaling 1,908,558 thousand RMB [2][4]. - The increase has been approved by the company's board and does not require shareholder approval as it does not meet the criteria for significant asset restructuring [3][6]. 2. Details of the Capital Increase - After the capital increase, the registered capital of Wanhua Olefin Co. will rise from 300,000 thousand RMB to 400,000 thousand RMB, maintaining its status as a wholly-owned subsidiary of Wanhua Chemical [5]. - The assets involved include a 120,000 tons/year ethylene facility and related downstream production units [5][10]. 3. Impact on the Company - This capital increase is aimed at improving the operational management of the carbon two industry assets and is expected to enhance the company's competitiveness in the petrochemical sector [13]. - In the short term, the capital increase will not adversely affect the company's financial status or operational results, while in the long term, it is anticipated to promote specialized and standardized operations in the carbon two industry [13].

Core Viewpoint - The company plans to increase capital in its wholly-owned subsidiary, Wanhua Chemical Group (Yantai) Olefin Co., Ltd., to enhance operational efficiency and competitiveness in the carbon two industry [2][5]. Summary by Sections 1. Capital Increase Overview - The capital increase amounts to 1,908,558 thousand RMB, consisting of 1,458,558 thousand RMB in asset contributions and 450,000 thousand RMB in debt contributions [3][5]. - The increase has been approved by the company's board and does not require shareholder approval as it does not meet the criteria for significant asset restructuring [4][7]. 2. Details of the Capital Increase - The registered capital of Wanhua Olefin Co. will rise from 300,000 thousand RMB to 400,000 thousand RMB, maintaining its status as a wholly-owned subsidiary of Wanhua Chemical [6]. - The assets involved include a 120,000-ton/year ethylene facility and related assets, with the total asset value assessed at 1,467,367 thousand RMB [9][10]. 3. Impact on the Company - This capital increase is aimed at improving the operational management of the carbon two industry and is expected to enhance the company's competitiveness in the long term [11].