凤凰网财经讯 1月9日，三大指数开盘涨跌不一，沪指高开0.09%，深成指低开0.30%，创业板指低开 0.69%。石油、航天系、电信运营等板块指数涨幅居前，工业气体、电子化学品、能源金属等板块指数 跌幅居前。 | | | | 沪深京重要指数 | | | | | --- | --- | --- | --- | --- | --- | --- | | 名称 *● | 咸新 | 涨幅% | 涨跌 | | 息手 | 现手 金额 | | 上证指数 | 4086.76 | 0.09 | 3.78 853/1030 | 0.05 | 790万 | 790万 116.12亿 | | 深证成指 | 13917.78 | -0.30 | -41.70 1086/1353 | -0.07 | 1074万 | 1074万 192.72亿 | | 北证50 | 1511.97 | 0.24 | 3.59 119/118 | 0.08 | 10.5万 | 10.5万 2.78亿 | | 创业板指 | 3279.38 | -0.69 | -22.93 221/282 | -0.15 | 279万 | 279万 75.19亿 | 热门中概股 ...

文 |零售圈 导语： 回顾刚过去的2025年，零售行业的大规模并购交易，几乎从未停歇。这一系列并购事件不仅改变了零售 行业的格局，也揭示了行业内部的深刻变革——零售行业正在经历新一轮"资本大洗牌"。 在这一年里，我们看到头部企业纷纷"做减法"，剥离非核心资产以聚焦主业，如阿里巴巴彻底退出银泰 百货与高鑫零售，同时也见证了不少巨头"做加法"，通过并购扩充品牌矩阵、切入新赛道，如普拉达收 购范思哲构建奢牌三角，玛氏以超350亿美元吞下品客母公司，组建零食帝国。 私募资本成为了关键推手，KKR、博裕、CPE源峰等机构频繁出手，以资本赋能实体，推动品牌转型与 扩张。而本土消费品牌如大窑汽水、蜜雪冰城，则通过引入资本或收购细分赛道玩家，加速全国化与生 态化布局。 从国际食品巨头的强强联合，到本土品牌的资本化转身；从互联网巨头实体布局的深化，到私募基金对 传统业态的焕新改造，这些交易背后，是零售业面对渠道变迁、消费分级与竞争全球化所做出的集体回 应。 无论是德弘资本对高鑫零售的"买手制"改造，还是京东跨洲收购德国Ceconomy的出海雄心，都标志着 行业正从规模扩张走向精益运营，从流量争夺转向供应链与品牌价值的深耕，他们 ...

激活"沉睡资产"，破局"困境资产"……随着经济运行周期调整和经济结构转型，资产多元化处置需 求持续攀升，特殊资产类业务步入市场机遇期。 在安信信托基础上重整新生的建元信托，围绕特殊资产业务展开了深入探索，两年间业务规模达到1300亿元。 近日，建元信托副总裁李林接受券商中国记者专访，详解特殊资产业务的机遇与挑战，以及公司开展相关业务 的经验和探索实践。 李林表示，信托的风险隔离、架构灵活等核心特性，是特殊资产处置的天然适配工具。信托公司并非简单扮演 资金提供方或资产受让方角色，而是以"制度赋能者、结构设计者、资源整合者"的定位，在特殊资产价值重塑 链条中占据不可替代的节点位置。 李林介绍，建元信托对自身的定位是"特殊资产价值的发现者、盘活者与赋能者"。从近两年的实践来看，公司 在特殊资产业务方面取得不错成效，未来将重点发力风险处置服务信托、国资国企存量资产盘活和不良资产全 链条服务等业务方向，形成"风险化解－价值提升－产业赋能 " 的良性循环。 逆周期布局：深耕"价值洼地" 在经济结构转型的大背景下，特殊资产业务被视为金融市场的"价值洼地" 。与此同时，在行业三分类转型背 景下，特殊资产业务成为信托公司发力的 ...

摘要：白牌凭借"贴牌代工+流量操盘"的轻资产模式，在电商生态中屡屡实现快速起量，但"低价内卷+短期套利"的传统打法难以支撑长期发展。知名营销咨 询公司奇正沐古，结合美妆、食品、家居等领域的真实案例，从精准选品、价值重塑、全域运营、长期布局四个核心维度，拆解白牌爆品的打造路径，融入 知名品牌营销战略咨询公司奇正沐古的实战观点，为白牌突破"短命网红"宿命、实现从爆款到品牌的跨越提供可落地。 在抖音、拼多多等平台的流量红利加持下，白牌爆品层出不穷。 从美妆领域"3天跟进热点、7天完成贴牌"的厦门帮操盘案例，到家居赛道"9.9元低价跑量"的单品奇迹，白牌靠"快、准、狠"的流量打法快速收割市场。但多 数白牌难逃"爆款沉寂即退场"的命运，如曾爆红的"温博士"因夸大宣传流量腰斩后，便被"冷博士"等同类白牌替代。 知名品牌营销战略咨询公司奇正沐古指出，白牌爆品打造的核心矛盾，在于"短期流量收割"与"长期价值沉淀"的失衡，唯有跳出"拼低价、狂投流"的惯性思 维，构建全链路的爆品运营体系，才能实现可持续增长。 一、 捕捉真实需求，避免盲目蹭热点 传统白牌选品多采用"抄作业式拼接"，如厦门帮将韩国冰淇淋泥膜质地、水晶面膜颜值与水杨 ...

Core Viewpoint - The silicon-based new materials industry in China is transitioning from low-price competition to value competition, driven by policy guidance, innovation, and industry collaboration [1][3][4]. Group 1: Industry Challenges - The silicon-based new materials sector has faced structural contradictions due to rapid capacity expansion, particularly in the organic silicon field, where annual capacity growth exceeded 15% while market demand grew only 8%-10% [2]. - Companies are engaged in price wars, with some selling below cost, leading to significant profit margin compression and reduced investment in R&D and innovation [2][3]. - Product homogeneity is prevalent, with many small enterprises lacking core technology and focusing on low-value products, while high-end products remain heavily reliant on imports [2]. Group 2: Policy and Industry Response - In response to the low-price competition, leading companies like Hoshine Silicon Industry have taken the initiative to promote self-discipline and industry consensus to combat price wars [3][4]. - The Chinese government has introduced policies to regulate market competition, including a notice from the National Development and Reform Commission aimed at curbing disorderly pricing practices [3][4]. Group 3: Value Creation and Innovation - Hoshine Silicon Industry emphasizes internal transformation through refined management, technological innovation, and industry chain collaboration to enhance resilience and break free from price competition [5][6]. - The company has maintained a research and development expenditure growth rate of over 20% annually, significantly above the industry average, and has established partnerships with academic institutions to foster innovation [6]. Group 4: Market Recovery and Future Outlook - Since 2025, the organic silicon industry has seen improvements in supply-demand dynamics, with core product prices rebounding and profitability recovering among leading companies [7]. - The demand is shifting towards high-value sectors such as new energy vehicles, photovoltaics, and 5G communications, while the capacity expansion cycle has ended, indicating a transition towards green transformation and technological upgrades in the silicon-based new materials sector [7].

邓正红软实力表示，美国发出对俄罗斯采取更强硬措施以促成乌克兰和平协议的信号，并且还宣布封锁委内瑞拉石油出口，受此影响，石油软实力出现反弹 式上行，12月17日（周三）国际油价走高。截至收盘，纽约商品期货交易所西得克萨斯轻质原油1月期货结算价每桶涨0.67元至55.94美元，涨幅1.21%；伦 敦洲际交易所布伦特原油2月期货结算价每桶涨0.76美元至59.68美元，涨幅1.29%。 美国准备在俄罗斯总统普京拒绝俄乌和平协议的情况下，对俄罗斯能源行业实施新一轮制裁。美国正在考虑多种选项，例如针对运输俄罗斯原油的所谓"影 子油轮船队"的船只，以及便利相关交易的贸易商等。美国总统特朗普表示已下令全面封锁所有受制裁油轮进出委内瑞拉，还说委内瑞拉已被南美历史上规 模最大的舰队完全包围。 当地时间17日，委内瑞拉主要石油储存设施及码头停泊的油轮正在迅速装满原油，预计在约10天后达到最大储存上限。上周，委内瑞拉一艘油轮被扣押，再 加上美国计划封锁其他受制裁船只，导致委内瑞拉石油储存能力日益紧张。委内瑞拉国家石油公司（PDVSA）在周日因网络攻击暂停码头作业后，周三恢 复原油和燃料的船货装载，但由于美国威胁将依据制裁对油轮进行 ...

主办单位： 起点锂电、起点储能、起点研究院SPIR 赞助及演讲单位： 惠州潼湖生态智慧区管理委员会/逸飞激光/小鲁锂电/派能科技/莫洛奇/融捷能源/远 东电池/诺达智慧/奥鸿智能/中天和/超业精密/北测新能源/蓝京新能源/贤辰智享/东唐智能/达力智能/ 亿鑫丰/爱签/和明机械/金力股份/孚悦科技/乾纳智能装备/多氟多/科迈罗/三合一体/果曼钠电/新能安/ 海辰储能/瑞浦兰钧/鹏辉能源/国轩吉泰美/创明新能源/德赛电池/先导智能/亿纬锂能/移族/新日股份/ 弘正储能/亮见钠电/易事特/清陶云能/信宇人/星恒电源/昆仑化学/星翼能源 /汇创新能源 等 2025（第十届）起点锂电行业年会暨锂电金鼎奖颁奖典礼 &起点研究十周年庆典 2025起点用户侧储能及电池技术论坛 活动主题： 新周期 新技术 新生态 倒计时5天 活动时间： 2025年12月18-19日 活动地址： 深圳市维纳斯皇家酒店（深圳国际会展中心京基百纳店）三楼维纳斯厅（深圳市宝安区沙井 镇沙井路118号） 锂电产业高景气发展趋势下，相关项目却接连生变。 12月10日， 凯盛新材再发布公告称，决定 暂缓实施公开发行可转换公司债券募投项目"10000吨/年锂 ...

摘要 在全球锂电装备新秩序中， "领跑卡位"的最终目标，是实现产业价值的重塑。中国装备企业不仅要成为"订单赢家"，更要成为全球产业链的"价值引领 者"。 当规模化与灵活性的平衡、工艺复杂度与良率稳定性的突破、全球化响应能力的构建三大挑战交织， 全球锂电装备行业正加速告别旧有格局，迈入新 秩序构建的关键阶段。 作为以激光技术为核心、引领国产替代的装备企业代表， 海目星 在推动锂电制造效率革命与全球化布局上走在前列。 在 2025（第十五届）高工锂电年会上， 海目星激光董事长兼董事长赵盛宇博士 以 "全球锂电装备新秩序：中国企业的领跑卡位与价值重塑" 为主 题，从行业趋势、企业实践、全球布局三个维度，深度剖析中国设备企业如何在新秩序中抢占领跑地位、重塑产业价值。 （海目星董事长兼总经理赵盛宇博士） 2025年，全球锂电设备行业正迎来一场兼具规模与质量的 "订单潮" 。据高工锂电不完全统计，上半年 海目星、先导智能、赢合科技、利元亨 等头 部企业新签及在手订单总额已 超 300亿 元 ，同比增幅达 70%～80% ，标志着电池领域 新一轮扩产周期全面启动 。 不同于上一轮单纯追求规模的扩张逻辑，本轮扩产以 "高安全 ...

Group 1: Aviation Sector - The aviation industry is expected to continue its recovery trend in ticket prices due to low supply growth, industry self-regulation, and a low base effect [1] - The overall revenue levels in the aviation sector are anticipated to improve [1] Group 2: Oil Transportation Sector - The oil transportation sector is projected to maintain high prosperity driven by multiple factors including OPEC+/U.S. production increases, cross-regional price arbitrage, low oil prices boosting inventory replenishment, and geopolitical disturbances [1] Group 3: Highway Sector - The highway sector is expected to have upward potential as insurance funds begin year-end allocations, and the market's risk appetite experiences fluctuations [1] - The attractive dividend yields of AH highway stocks contribute to the sector's appeal [1] Group 4: Liquor Industry - The liquor industry is experiencing a "volume increase, price drop" phenomenon, with traditional e-commerce platforms seeing prices fall below critical levels due to dealer inventory pressures and platform subsidies [2] - Emerging channels like instant retail and Douyin are showing growth, indicating a shift in consumer purchasing behavior towards "buy now, drink now" [2] - Major liquor companies are initiating anti-counterfeiting actions to stabilize prices and balance online and offline channel interests [2] Group 5: Traditional Chinese Medicine Sector - The traditional Chinese medicine industry is expected to see demand recovery by year-end, with inventory levels clearing up [3] - There are opportunities for fundamental and valuation improvements in the sector [3] - The innovation sector is seen as a potential second growth curve for traditional Chinese medicine companies [3] Group 6: Blood Products and Vaccine Industries - The blood products sector is focused on the "14th Five-Year" plan for plasma station construction and industry consolidation [3] - The vaccine industry is monitoring sales improvements of key products and progress in innovative pipelines, with policies and international expansion expected to drive further development [3]

Core Viewpoint - The upcoming 2025 Greater Bay Area Agricultural Products Trade Fair and Specialty Products Expo, scheduled for December 12-14 in Guangzhou, aims to showcase the unique agricultural products of the Pearl River Delta, highlighting their industrial value and development potential [16][95]. Group 1: Geographic Indications and Agricultural Products - As of June this year, Guangdong has approved 229 geographic indication products, ranking among the top in the country [10][13]. - Ten products, including the Xinhui dried tangerine peel, have been included in the "China-EU Geographic Indication Product Mutual Recognition and Protection List," enhancing the international profile of Guangdong's agricultural products [14][15]. - The trade fair will serve as a significant platform for showcasing these products and their unique industrial values [15][95]. Group 2: Urban Agriculture Development - Guangzhou and Shenzhen, with a combined population of nearly 37 million, are reshaping the agricultural value chain through industrialization and information technology [21][22]. - In 2024, the planting area for lychee in Zengcheng is expected to reach 200,000 mu, with a total output of approximately 50,000 tons [22]. - The trade fair will provide an important showcase for urban agricultural development [25]. Group 3: Industry Innovations and Market Expansion - The Guangdong region is seeing significant growth in its agricultural sectors, with the Xinhui dried tangerine peel industry alone generating a total output value of 26.018 billion yuan [51]. - The trade fair is viewed as a crucial opportunity for connecting with international markets [54]. - The integration of technology, culture, and health into the agricultural sector is expected to enhance the competitiveness of geographic indication products [90][92]. Group 4: Future Development and Strategic Opportunities - The construction of the Guangdong-Hong Kong-Macao Greater Bay Area presents unprecedented strategic opportunities for the geographic indication agricultural products of the Pearl River Delta [86]. - The trade fair is anticipated to elevate the brand influence and market competitiveness of these products [87]. - The future development of these products will focus on "value reconstruction," transforming them into a complex industry IP that integrates technology and global trade [90][92].