中信建投预计，2026年原油步入供应过剩周期，炼油、页岩油、天然气三大领域凸显红利。2026年全球 原油市场将正式进入供应过剩周期，IEA预计过剩规模达384万桶/日，油价中枢系统性下移成为主线。 但地缘冲突、制裁与库存扰动仍将带来阶段性交易机会。真正的结构性机会正从"油价"转向"公司"：炼 油端裂解价差高位运行、美国页岩油在60美元附近展现产量韧性，以及LNG扩张与电力需求推动天然 气并购升温，构成低油价环境下的核心受益方向。 ｜2026年1月8日 星期四｜ NO.1华泰证券：阀门行业正处于市场稳健扩容与技术升级的关键阶段 华泰证券指出，阀门行业作为工业流体控制体系的核心环节，正处于市场稳健扩容与技术升级的关键阶 段。在下游能源、电力、石化及新能源等高景气领域的拉动下，阀门市场持续扩容。海外巨头凭借深厚 技术积累仍主导高端领域，但中国依托强大的基础设施建设能力，以及欧美去工业化带来的窗口，在核 电、深水油气和特种工况等领域不断实现技术突破。总体来看，需求增长、技术升级与国产化加速正叠 加形成推动行业长期向上、竞争格局重构的核心动力。该机构看好阀门行业。 NO.2中信建投：2026年炼油、页岩油、天然气领域凸 ...

（文章来源：第一财经） 华泰证券指出，阀门行业作为工业流体控制体系的核心环节，正处于市场稳健扩容与技术升级的关键阶 段。在下游能源、电力、石化及新能源等高景气领域的拉动下，阀门市场持续扩容。海外巨头凭借深厚 技术积累仍主导高端领域，但中国依托强大的基础设施建设能力，以及欧美去工业化带来的窗口，在核 电、深水油气和特种工况等领域不断实现技术突破。总体来看，需求增长、技术升级与国产化加速正叠 加形成推动行业长期向上、竞争格局重构的核心动力。因此我们看好阀门行业。 ...

兰州海关所属金城海关副关长 樊燕妮：我们坚持"绿色通道"与"智慧监管"协同发力，通过整合申报、查验、电子签发等环节，整体通关效率提升50%以 上，切实为企业减轻负担、赢得时间。 此外针对即将到来的春节市场对鲜切花需求旺盛的情况，当地加强冷链系统锁鲜效能，保证花卉新鲜度，并提升运输效率，保证本地鲜花满足百姓节日需 求。 转载请注明央视财经 编辑：潘煦 （央视财经《正点财经》）随着春节临近，在甘肃临夏的鲜花基地，鲜切花迎来销售旺季。当地通过技术升级以及海关的便利，让高品质鲜切花远销国内 外。 当记者走进临夏州一家鲜花基地的智能温室，温暖的气息扑面而来。各色玫瑰竞相绽放，沁人心脾。工人们正各司其职，忙着采摘、分拣和包装。基地通 过持续技术研发，成功培育出10多个高品质玫瑰品种。这些玫瑰花花瓣厚实、花型饱满、保鲜期长，深受海外客商的青睐。 针对鲜切花保鲜期短、运输时效要求高的特点，兰州海关所属金城海关推出"上门服务+快速查验"模式，从种植源头到通关放行提供全流程指导。 ...

格隆汇1月5日丨新劲刚(300629.SZ)在投资者互动平台表示，公司的整流罩项目已按照客户要求完成了 一系列研发任务，已具备配套能力，由于下游行业需求变化，现处于技术调整阶段，后续是否能形成收 入取决于下游客户的具体需求，公司将持续关注市场动态，积极推进技术升级，并根据客户需求适时推 广相关产品。 ...

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].

Core Viewpoint - The company, Hangzhou Yongchuang Intelligent Equipment Co., Ltd., has changed the status of its private placement review to "submitted for registration" as of December 29, 2025, indicating progress in its fundraising efforts [1][13]. Group 1: Key Issuance Elements - Stock Type: Domestic listed RMB ordinary shares (A-shares) with a par value of 1 yuan, listed on the Shanghai Stock Exchange, sponsored by Zheshang Securities [2][14]. - Issuance Scale: A total of 26,572,187 shares will be issued, raising approximately 299.99999123 million yuan (not exceeding 300 million yuan, in compliance with the simplified procedure net asset limit of 20%) [2][14]. - Issuance Price: The price is set at 11.29 yuan per share, determined through bidding, with a total of 9 subscribers (including public offerings, private placements, and individuals) [3][15]. Group 2: Fund Utilization - Subscription Method: Full cash subscription with a lock-up period of 6 months for all subscribers [4][16]. - Fund Allocation: After deducting issuance costs, approximately 216.5801 million yuan will be allocated to the annual production of 3,500 sets of digital intelligent solid-state food packaging equipment, and about 83.4199 million yuan will be used to supplement working capital [4][16]. Group 3: Impact of the Private Placement - Expansion of High-End Capacity: The project will significantly enhance the company's supply capability of high-end packaging equipment, addressing the growing demand for automated and intelligent packaging in the food and beverage sector, and supporting the delivery of new orders worth approximately 4.5 billion yuan in 2024 [5][17]. - Strengthening Product and Technical Barriers: The focus on digital intelligence and solid-state packaging technology upgrades will help differentiate the company from smaller competitors, increasing the proportion of high-margin intelligent production lines and optimizing revenue structure [5][17]. Group 4: Financial Structure Optimization - Alleviating Financial Pressure: The addition of 83.42 million yuan in working capital will lower the debt-to-asset ratio (approximately 68.03% in the first three quarters of 2025), reduce financial costs, and improve cash flow, enhancing the company's ability to withstand industry fluctuations [6][18]. - Reserving Space for Operations and R&D: Lowering operational leverage and enhancing financial flexibility will provide funding reserves for technological iterations and market expansion, ensuring the rhythm of R&D investment and order delivery [6][18]. Group 5: Industry Position Consolidation - Expanding Scale and Brand Advantage: The new capacity will further solidify the company's leading position in the packaging equipment sector, leveraging economies of scale to reduce marginal costs and enhance the integrated solution capabilities of "equipment + supporting + services" [7][19]. - Binding Quality Capital and Partners: The participation of 9 specific subscribers (including public and private investors) will deepen capital and industry chain collaboration, creating conditions for future business cooperation and resource integration [7][20]. Group 6: Alignment with Industry Trends - Supporting Long-Term Strategic Implementation: The fundraising aligns with the intelligent and large-scale development trends in downstream industries such as food and beverage, facilitating rapid expansion and technological upgrades, and aiding the company's transition from single equipment to a comprehensive service provider for intelligent production lines [8][21]. Group 7: Private Placement Process - Proposal Timeline: The proposal was approved by the company's board on August 28, 2025, and announced on August 30, with a revised draft released on December 1, 2025 [9][22]. - Acceptance Date: The Shanghai Stock Exchange officially accepted the application on December 25, 2025 [10][23]. - Approval Date: The application was approved by the Shanghai Stock Exchange on December 29, 2025 [12][25].

"A级认证的核心价值在于为市场提供了可靠的筛选机制。"伍德麦肯兹全球光伏供应链负责人Yana Hryshko指出，"在行业整合期，投资者和开发商更需要识别那些具备长期可持续性的合作伙伴。这一评 级体系将帮助市场焦点从价格竞争转向质量与可靠性竞争。" 值得注意的是，所有非中国籍的十大制造商在上半年均保持了盈利，这主要得益于其对高端市场和受保 护区域市场的专注。这一现象表明，在全球化贸易政策收紧的背景下，市场多元化战略正成为企业抵御 风险的关键。 展望2026~2027年，光伏组件行业将进入深度转型阶段，技术升级将成为淘汰落后产能的核心驱动力。 随着TOPCon 3.0和背接触等先进技术的规模化应用，主流组件效率将突破25%门槛，这将加速低效产能 的退出，推动行业向高技术附加值方向演进。 近日，伍德麦肯兹发布2025年上半年全球光伏组件制造商排名，晶澳太阳能与天合光能以91.7和91.6的 综合评分首次并列榜首。这一排名凸显了在行业产能过剩与价格持续下行的背景下，领先企业正通过技 术升级、产能优化与市场多元化构建竞争优势。值得关注的是，尽管前十名制造商占据了全球62%出货 量，但上半年合计净亏损高达22亿美元，反 ...

近年来mimatic刀具公司业绩呈现亏损状态。2023年及2024年，该公司分别实现营业收入1518.81万欧 元、1648.19万欧元；净利润分别亏损19.3万欧元、19.66万欧元。 12月29日晚间厦门钨业（600549）公告，为推进公司切削工具产品全球化战略布局，加速技术升级，补 充完善产品体系，增强解决方案能力，提升品牌国际影响力，增强盈利能力，公司控股子公司厦门金鹭 特种合金有限公司（下称"厦门金鹭"）拟对其全资子公司德国金鹭硬质合金有限公司（下称"德国金 鹭"）增资1490.11万欧元，并由德国金鹭以1000万欧元的基础价收购德国Mimatic GmbH公司（下 称"mimatic刀具公司"）100%股权。 据披露，本次交易中厦门金鹭拟向其全资子公司德国金鹭增资1490.11万欧元，用于德国金鹭支付收购 价款。同时，为保证mimatic刀具公司稳定经营，收购完成后，拟由德国金鹭向mimatic刀具公司增资 490.11万欧元。本次增资完成后，德国金鹭的注册资本将由25万欧元增加至1515.11万欧元，厦门金鹭仍 将持有德国金鹭100%的股权。本次交易资金来源为自有资金，不涉及募集资金。 公告显示 ...

央视网消息：一般来说，居住证的申领从受理到制作发放需要几天到十几天的时间，辽宁日前实施居住证"立等可取"政策，居住 证办结时间被压缩至分钟级。 新政策实施后，居住证通过网上和窗口都可以办理，电子居住证与实体居住证具有同等效力，老家在黑龙江的刘先生拿到了这家 派出所首张"立等可取"居住证。他说："当时，我也很着急，我就试着给辖区派出所打个电话，我在医院照顾老人，也没有时间，我 说我下班来行不行？他们民警搁这等着。" 目前，全国范围内能实现居住证立等可取的省份并不多。为什么立等可取难？因为它要求的不是打印快，而是核验快。过去，为 了确保核验无差错，往往只能靠时间来换。如今，通过实施技术升级、服务前置、流程再造等创新举措，大幅减少了核验时间；同 时，将实体居住证制作权限由制证中心集中生产，下放到各户籍派出所窗口现场制作，实现了"提交即审核、审核即领证"。 据了解，新政在辽宁全省各市同步实施以来，仅三天时间已发放15000张立等可取居住证。 CETV/13 TV com ( 11 l Time 20 ▲ 丹东市公安局治安管理支队副支队长 祝一丹：把核实的时间缩短为最短时间，比如说，居民没有带身份证，可以通过网上查 询 ...

一、行业概述 节温器是控制冷却液流动路径的阀门。是一种自动调温装置，通常含有感温组件，借着热胀或冷缩来开 启、关掉空气、气体或液体的流动。节温器是根据冷却水温度的高低自动调节进入散热器的水量，改变 水的循环范围，以调节冷却系的散热能力，保证发动机在合适的温度范围内工作。节温器必须保持良好 的技术状态，否则会严重影响发动机的正常工作。如节温器主阀门开启过迟，就会引起发动机过热；主 阀门开启过早，则使发动机预热时间延长，使发动机温度过低。 内容概况：当前，中国节温器行业正处于由传统燃油车向新能源汽车转型的关键时期，在市场需求、技 术路线和竞争格局等方面均呈现出深刻变革。行业整体运行平稳，但结构性调整显著。2024年，中国节 温器行业市场规模约为157.44亿元，同比增长10.69%。虽然传统燃油车市场体量庞大，仍构成当前行业 需求的基本盘，但其增长已进入平台期。行业的真正增长动力已切换至新能源汽车领域。新能源车的电 池热管理、电机电控散热等系统对温控精度和响应速度要求远高于传统发动机，这直接驱动了智能节温 器和集成式热管理模块的需求快速增长。这种由"单一部件"向"系统集成"的转变，极大地提升了产品的 技术附加值， ...