免责声明：本文内容与数据仅供参考，不构成投资建议，使用前请核实。据此操作，风险自担。 每日经济新闻 （记者 王晓波） 每经AI快讯，中银证券12月24日发布研报称，给予赛轮轮胎（601058.SH，最新价：16.3元）"买入"评 级。评级理由主要包括：1）国产轮胎领先企业，全球化布局推动业绩提升；2）轮胎行业市场规模稳健 增长，国产品牌市占率提升。风险提示：在建/拟建项目进度不及预期；原材料价格大幅上涨；关税政 策变化；汇率波动风险。 每经头条（nbdtoutiao）——左手"欠款"右手"豪购"！杨陵江收购"国内酒庄第一股"，1919是否重启上 市？"吹太多牛都实现了，但千亿还没实现，我很着急" ...

Core Insights - The core viewpoint of the articles emphasizes the importance of domestic production of MRI equipment, particularly focusing on the self-sufficiency of key components like superconducting magnets and permanent magnets, which are crucial for overcoming industry bottlenecks [1][4]. Company Overview - Jianxin Superconducting has achieved significant technological breakthroughs and large-scale manufacturing in core components such as superconducting magnets and permanent magnets, becoming one of the earliest manufacturers in China to produce high-field superconducting magnets on a large scale and the largest global supplier of MRI equipment permanent magnets [1][4]. - The company has developed a diverse product matrix that includes 1.5T zero-evaporation superconducting magnets, 1.5T liquid helium-free superconducting magnets, and 3.0T zero-evaporation superconducting magnets [4]. Market Position and Strategy - The company aims to make MRI scans more affordable, reducing costs from thousands of yuan to hundreds, and has integrated these services into medical insurance, thereby enhancing access to quality healthcare [1][3]. - Jianxin Superconducting has established deep collaborations with leading manufacturers like Wandong Medical and Shenzhen Anke, ensuring stable supply of 1.5T products and gradually increasing supply of 3.0T products to rural hospitals [6]. Technological Innovation - The company has mastered 13 core technologies with independent intellectual property rights, covering areas such as electromagnetic fields, cryogenics, finite element analysis, structural design, intelligent control, and large-scale manufacturing processes [4]. - Jianxin Superconducting has successfully developed the world's first 1.5T liquid helium-free superconducting magnet, which does not require liquid helium and can automatically recover after quenching, making it suitable for emerging markets with limited maintenance capabilities [6][7]. Global Expansion - The company is actively expanding its overseas market presence, with over 50% of its MRI equipment products sold internationally. It has established local service networks in regions like India and Italy to address the affordability and usability issues in international markets [6][7]. - Jianxin Superconducting's global layout and technological innovations are expected to significantly reduce the overseas delivery and maintenance costs of superconducting magnets, thereby supporting leading manufacturers in promoting their products globally [7]. Long-term Vision - The company emphasizes a long-term commitment to technological innovation and market needs, focusing on core business areas while exploring the feasibility of applying superconducting technology in industrial sectors like wind power and power transmission [9]. - Jianxin Superconducting plans to invest in projects aimed at producing 600 sets of liquid helium-free superconducting magnets annually and upgrading high-field superconducting magnet production, reinforcing its commitment to sustainable growth and innovation in the healthcare sector [9].

Investment Rating - The report assigns a "Buy" rating to the company, with an initial coverage date of December 24, 2025 [1][3]. Core Views - The company, Sailun Tire, is recognized for its global capacity layout and continuous enhancement of product and brand strength. The company has established a comprehensive global production capacity and R&D system, positioning itself as a leading player in the domestic tire industry [3][17]. - The report highlights the company's strategic focus on overseas production bases, which are expected to drive revenue and performance growth through enhanced product value and capacity release [3][5]. Summary by Relevant Sections Financial Performance - The company is projected to achieve net profits of RMB 3.769 billion, RMB 4.815 billion, and RMB 5.600 billion for the years 2025, 2026, and 2027 respectively, with corresponding EPS of RMB 1.15, RMB 1.46, and RMB 1.70. The PE ratios are expected to be 15.2x, 11.9x, and 10.2x for the same years [5]. - The company's revenue is forecasted to grow from RMB 25.978 billion in 2023 to RMB 41.876 billion by 2027, reflecting a compound annual growth rate (CAGR) of 18.6% from 2023 to 2024 and 22.4% from 2024 to 2025 [7]. Market Position and Strategy - Sailun Tire is the first private tire company listed on the A-share market and has established overseas production bases in Vietnam and Cambodia, with ongoing projects in Egypt. The company aims to leverage cost advantages and mitigate trade risks through its global production strategy [8][18]. - The global tire market is projected to exceed USD 190 billion in 2023, with a steady growth rate of 4.15% CAGR from 2020 to 2024. The company is positioned to capture a larger market share as domestic brands increase their presence in the global market [11][41]. Product Development and Innovation - The company has developed a high-performance product known as "Liquid Gold" tire, which addresses long-standing industry challenges. This innovation is expected to enhance the company's product competitiveness and brand influence [8][17]. - The non-road tire segment is experiencing rapid growth, driven by increasing demand in mining and infrastructure sectors. The global non-road tire market is expected to grow from USD 34.4 billion in 2024 to USD 43.8 billion by 2029, with a CAGR of 4.9% [8][12]. Capacity Expansion - As of 2025, the company plans to achieve an annual production capacity of 31.55 million all-steel tires, 109 million semi-steel tires, and 467,000 tons of non-road tires, with significant contributions from overseas bases [20][23]. - The company has successfully expanded its production capacity through strategic acquisitions and the establishment of new facilities, which have significantly contributed to revenue growth [24][25].

Core Viewpoint - Sanhua Intelligent Control is expected to return to double-digit growth in 2025, with projected net profit ranging from 3.874 billion to 4.649 billion yuan, representing a year-on-year increase of 25% to 50% [1][2]. Financial Performance - The company's net profit has consistently grown over the past decade, increasing from 605 million yuan in 2015 to 3.099 billion yuan in 2024. Revenue has also seen continuous growth, reaching 27.947 billion yuan in 2024 [1]. - However, the growth rate of both revenue and net profit has significantly slowed in recent years, with 2022 showing growth rates of 33.25% and 52.81%, respectively, while 2023 and 2024 saw declines to 15.04% and 13.8% for revenue, and 13.51% and 6.1% for net profit [1][2]. Business Segments - The cooling and air conditioning components business, which accounts for 60% of revenue, is facing a ceiling due to the home appliance industry's shift to a stock competition phase [2]. - The automotive components business, previously a strong growth driver, has also slowed, particularly due to Tesla's declining sales in China affecting performance [2]. - The emerging robotics segment has not yet contributed significant revenue, as it remains in the technical validation and prototype testing stages [2]. Strategic Initiatives - Sanhua Intelligent Control has maintained its leading position in the cooling and air conditioning components sector by leveraging market demand and its technological advantages [3]. - The company is expanding its automotive components business through strategic partnerships and a strong market presence in the global electric vehicle thermal management sector [3]. Globalization Strategy - Sanhua Intelligent Control is recognized as the largest manufacturer of refrigeration control components and a leading supplier of automotive thermal management systems globally [4]. - The company has established a global marketing network and production bases, with products available in over 80 countries and regions, collaborating with renowned international companies [5]. - The company has set up four overseas production bases in Mexico, Poland, Vietnam, and Thailand, and three R&D bases in the United States and Germany [5]. - In 2025, the company successfully completed its "A+H" dual-platform listing with its debut on the Hong Kong Stock Exchange, marking a significant step in its globalization efforts [5].

山推国内最大推土机装配线 ◎记者 赵彬彬 在山东济南太平水库的堤坝上，山推AI推土机以±3厘米的精度自主完成平整作业，大幅压缩传统施工 误差；在广东云浮云硫矿业的采矿场，全球首台AI纯电无人推土机正以零排放姿态自主开展土方剥 离。 这些并非未来图景，而是山推股份AI战略落地的鲜活实践。这家从山东济宁起步的工程机械领军企 业，正以"钢铁躯干+智慧大脑"的融合创新，在全球产业竞争中重塑中国智造的核心优势。 AI战略转型：从"制造"到"智造" 山推股份的AI转型，是基于产业积淀的主动破局，而非跟风布局。"工程机械行业正面临人力成本攀 升、效率瓶颈凸显、环保法规收紧的三重挑战，传统模式已难以为继。"山推股份党委书记、董事长李 士振的判断，直指行业痛点。而AI技术，正是公司选定的破局密钥。 2025年6月18日成为山推发展的关键节点。在山东临沂举行的全新品牌暨AI战略发布会上，山推股份不 仅揭晓了"高端装备+人工智能"的发展方向，更实现了全球首台AI智能推土机的交付，标志着企业完成 了从"智能设备"到"AI实体"的质变。 这份突破源于长期深耕。山推股份组建百余人技术团队，耗时6个月对DeepSeek基础模型进行二次开 ...

在活动现场，作为1688平台深度服务洛阳产业带的核心载体，1688超级工厂洛阳运营中心与洛阳选品中 心揭牌成立。运营中心提供数据化选品、智能供应链改造和跨境运营培训等服务，定期举办运营训练 作为国家重要的工业基地，洛阳制造业底蕴深厚，产业基础扎实。近年来，依托1688平台，洛阳产业带 产品已出口至全球120余个国家，全国市场占有率达70%。而作为阿里巴巴旗下源头拿货平台1688，超 级工厂全球版为其全新商家会员产品，这是一个对标国内市场，针对跨境优质商家的新认证体系，通过 审核的工厂将被进入跨境买家优先推荐池。 洛阳市商务局四级调研员宋中明说，"我们将一如既往地支持制造业的数字化转型和跨境电子商务的发 展，积极发挥桥梁纽带作用，加强政策引导和服务保障，协调各方资源，优化营商环境，全力支持1688 超级工厂全球版在洛阳落地，共同构建'平台+产业带+服务商'的生态闭环，形成推动产业发展的强大合 力。" 河南日报客户端记者 范坤鹏 实习生 任鑫磊 12月23日，"智造出海，豫见全球"——洛阳制造×1688超级工厂全球版发布会在伊滨区举行。该平台将 为洛阳中小企业提供"触网出海"的一站式解决方案，加快推动产业带数字化 ...

证券日报网讯12月23日，新宙邦（300037）在互动平台回答投资者提问时表示，公司境外业务毛利率高 于境内业务，主要得益于海外生产基地的建设、海外服务网点的本地化以及公司品牌和知识产权带来的 溢价。公司在海外销售的有机氟化学品、高端电容器化学品等产品技术壁垒高、附加值高，拉动了整体 毛利率水平。同时，公司波兰工厂已实现电解液本地化生产和供应，有效降低了物流与关税成本，对电 池化学品业务的业绩有积极贡献。在全球布局方面，公司坚持以客户为中心，为构造一个稳定、高效的 供应体系，公司拥有一支专业、高效的国际化精干团队，在全球进行了广泛的布局以满足客户需求。目 前公司在欧美、东南亚、日韩、中东等地均设有子公司，已构建了覆盖主流市场的全球化销售与服务网 络。公司正在实施全球化、一体化产业链布局的战略，积极把握中国电池企业在海外建厂带来的新机 遇。未来，公司将继续深化全球化布局，提升本地化服务能力，以抓住全球新能源产业链发展的机遇。 ...

Core Insights - Century Huatong has been recognized as a "Globalization Pioneer" at the 2025 EDGE AWARDS for its outstanding performance in overseas markets, reflecting its global achievements and innovative capabilities [1][6][9] Group 1: Globalization Achievements - The company has established a dual-core driving model that balances both domestic and international markets, leading to significant growth in overseas revenues [3][9] - In 2024, Century Huatong's overseas revenue reached 11.368 billion yuan, accounting for over 50% of total revenue for the first time [3][9] - By the first half of 2025, overseas revenue further increased to 8.958 billion yuan, maintaining its leadership among gaming companies venturing abroad [3][9] Group 2: Product Innovation and Market Strategy - The company emphasizes a "global R&D and dual-channel distribution" approach, ensuring localized operations while maintaining a global perspective [4][10] - It focuses on strategic market insights, particularly in SLG and casual gaming genres, and avoids reliance on a single market segment [4][10] - Data-driven decision-making is central to its operations, with extensive A/B testing and ROI analysis guiding game updates and marketing strategies [4][10] Group 3: Successful Game Releases - The company achieved significant success with its games, including "Whiteout Survival" and "Kingshot," which dominated the iOS free game charts shortly after launch [5][11] - Both titles have consistently ranked at the top of the Chinese mobile game revenue list, showcasing a strong dual-product strategy [5][11] - The casual game "Tasty Travels: Merge Game" also saw a 10% revenue increase in November, further diversifying the company's growth engines [5][11] Group 4: Future Outlook - Century Huatong plans to deepen its globalization efforts by launching more high-quality products to expand its global market share [5][11] - The company aims to enhance the international presence of Chinese brands while driving innovation and ecological development in the global gaming industry [5][11]

来源：新浪证券-红岸工作室 近日，广州广合科技股份有限公司（以下简称"广合科技"）密集接待机构调研，包括金鹰基金、IDG、 高盛、东方红基金等在内的18家机构及个人投资者通过特定对象调研及"投资者走进上市公司"活动，深 入了解公司经营情况。公司在调研中披露，2025年前三季度业绩实现显著增长，同时详解了产能布局及 未来规划。 投资者关系活动基本信息 投资者关系活动类别√特定对象调研 □分析师会议 □媒体采访 □业绩说明会 □新闻发布会 □路演活动 □现 场参观 √其他（投资者走进上市公司活动）参与单位名称及人员姓名（排名不分先后）2025年12月11 日：金鹰基金；2025年12月15日：IDG；2025年12月16日：高盛；2025年12月19日：华安电子、东方红 基金、景顺长城基金、永赢基金、华源电子；2025年12月22日：凯基证券、UG Investment Advisers LTD、南山人寿、富兰克林华美投信、丰利资本、国泰证券投资信托、佐佑投资、第一金证券自营； 2025年12月23日：全景网、湘财证券及个人投资者（投资者走进上市公司活动）时间2025年12月11 日-2025年12月23日地点广 ...

来源：新浪财经-鹰眼工作室 江苏易实精密科技股份有限公司（证券简称：易实精密，证券代码：920221）12月23日发布公告称，为 进一步推进海外布局、扩大国际市场份额，公司拟通过全资子公司易实集团有限公司（下称"易实集 团"）对其德国全资子公司EC Precision (Germany) GmbH（下称"ECPG"）增加投资总额不超过790万欧 元，以强化市场竞争优势，助力公司全球化发展战略落地。 投资路径与规模：790万欧元分步注入德国孙公司 公告显示，本次增资将通过"公司-易实集团-ECPG"的路径实施。具体而言，易实精密先对全资子公司 易实集团增加投资，再由易实集团向其全资孙公司ECPG进行增资，资金将根据ECPG的实际需求逐步 投入。 值得注意的是，本次增资不涉及目标公司注册资本变更，仅增加投资总额。增资完成后，易实集团及 ECPG的注册资本仍分别为1万港币和2.5万欧元，易实精密对易实集团、易实集团对ECPG的持股比例均 保持100%不变。若全额完成增资，公司对易实集团的投资额将增加790万欧元，易实集团对ECPG的投 资额同步增加同等金额。 投资标的基本情况：聚焦海外业务拓展 本次增资的核心标的为 ...