两百多年间，制造业始终在全球范围内流动、重组、升级。它像一股持续移动的力量，从欧洲出发，横跨大西洋，又深度 进入亚洲，每一次转移都伴随着技术革命、制度变革与国家命运的更替。回望这条迁徙轨迹，我们看到的不只是"工厂换 了地方"，而是世界生产方式的不断重塑。如今，当智能制造与人工智能成为关键词，新一轮制造业变局正在酝酿。 蒸汽时代的起点：英国率先点燃工业引擎 18世纪末，英国率先完成从手工业向机器生产的跃迁。蒸汽机的广泛应用，使纺织、冶金、造船等行业实现规模化生产， 制造效率被前所未有地释放。 曼彻斯特的棉纺厂昼夜运转，英国布匹一度占据全球市场的绝对主导地位。制造业不仅支撑了国内经济，也成为海外扩张 的重要基础。可以说，工业革命让"制造能力"第一次成为国家实力的核心指标。 但优势并非永恒。随着成本上升、市场趋于饱和，英国逐渐失去制造领先地位，制造业开始寻找新的落脚点。 规模化时代：中国构建"世界工厂" 20世纪90年代以后，中国成为全球制造业迁移的最大承接者。改革开放释放的制度红利、庞大而稳定的劳动力供给，以及 日益完善的产业配套，使中国迅速形成完整制造体系。 沿海城市快速崛起，电子、纺织、机械、消费品制造高度集 ...

Core Insights - Since mid-December 2025, there has been a surge in collaborations across robotics, intelligent driving, and new energy sectors, with multiple companies forming strategic alliances and integrating technologies to drive innovation and practical applications [2][8]. Group 1: Robotics Collaborations - Huqin Technology has officially partnered with Weita Power for a strategic collaboration in manufacturing consumer-grade intelligent companion robots, leveraging their combined strengths in R&D and mass production [2][9]. - Ningbo Huaxiang's subsidiary has signed a strategic cooperation agreement with Shenzhen Dahuang Robot Technology to collaborate on the development, manufacturing, and sales of general humanoid robot dexterous hands, showcasing the automotive parts industry's extension into robotics [3][10]. - Zhongyuan Neipei's subsidiary has reached a framework agreement with Ningbo Puzhi Future Robot Company to collaborate on humanoid robot components, focusing on joint module development and application scenarios [3][10]. Group 2: Intelligent Driving Initiatives - Guangyang Co. announced a strategic cooperation agreement with Zhejiang Konghui Automotive Technology to collaborate on intelligent driving products, particularly focusing on fully active suspension systems [2][9]. - Shanghai Baolong Automotive Technology and Infineon Technologies (China) have signed a memorandum of understanding to deepen their strategic cooperation in automotive electronics, particularly in intelligent driving and chassis solutions [3][10]. Group 3: New Energy and Infrastructure - Century Internet Group and State Power Investment Corporation have signed a strategic cooperation agreement to work on projects related to green electricity direct connection for data centers and integrated smart energy [3][10]. - Lantu Automotive has signed a ten-year deepening cooperation agreement with CATL, covering new technology applications and product supply assurance, aimed at enhancing battery technology and supply chain security [4][11]. Group 4: Industry Impact - The cross-industry collaborations are expected to enhance companies' technological reserves and market adaptability, injecting continuous momentum into the scalable and intelligent development of related industries [5][11]. - As these cooperation projects gradually materialize, they are anticipated to further promote the integration and value enhancement of artificial intelligence, green energy, and high-end manufacturing sectors [6][11].

每经AI快讯，"A股绿色报告"项目监控到的数据显示，华电国际（SH600027）间接参股公司华电（黄平）新能源有限公司黄平县一 碗水太阳山风电场环评审批获原则同意。该项目总投资额达5.48亿元。该审批信息于2025年12月5日被相关监管机构披露。 | 市值(亿元) | 时间 | 2023Y | 2024Y | 2025前三 | | --- | --- | --- | --- | --- | | 589.91 | | | | 李度 | | | 营业收入 | 1171.76 | 1129.94 | 958.72 | | 机构持股(占流通盘) | (亿元) | | | | | 0家 | 归母净利润 | 45.22 | 57.03 | 64.37 | | 北向资金持股比例 | (亿元) | | | | | 2.78% | 净资产收益率 | 7.00 | 8.32 | 9.40 | | (12月23日) | (%) | | | | | | 毛利率 | 6.43 | 8.78 | 12.12 | | 大股东质押率 | (%) | | | | | | 每股收益 | | | | | 最新监管情况 | (元) | | | | ...

每经AI快讯，"A股绿色报告"项目监控到的数据显示，中国电建（SH601669）间接控股子公司中电建（右江区）新能源有限公司右 江区四塘镇那特15MW乡村振兴分布式光伏电站项目环评审批获同意。该项目总投资额达9578万元。该审批信息于2025年12月11日 被相关监管机构披露。 "A股绿色报告"项目由每日经济新闻联合环保领域知名NGO公众环境研究中心（IPE）共同推出，旨在让上市公司环境信息更加阳光 透明。本项目基于31个省（区、市）、337个地级市政府发布的权威环境监管数据，筛选监控上市公司及其旗下公司（包括分公司、 参股公司和控股公司）的环境表现，加以专业数据分析及深入解读，每日智能写作及时发布上市公司AI绿报，每周推出A股绿色周 报，定期动态更新上市公司环境风险榜。 2025年半年报显示，中国电建的主营业务为建筑工程承包、其他行业、电力投资与运营、其他业务，占营收比例分别为：90.74%、 4.63%、4.23%、0.4%。 | 市值(亿元) | 时间 | 2023Y | 2024Y | 2025前三 | | --- | --- | --- | --- | --- | | 909.54 | | | | ...

中国商报（记者 赵熠如 文/图）依托特色农产品的出口与世界级枢纽港口的运转，摩洛哥正在转型为跨洲际产业链的支点。在优质果蔬加速出海的同时，以 丹吉尔地中海港为核心的物流网络为其联通全球市场提供了坚实支撑。 通过系统性的投资促进政策，摩洛哥持续吸引国际投资，形成产品出海、枢纽联通的发展格局，在全球经贸体系中扮演日益重要的角色。 丹吉尔地中海港。 特色农产品驶入出海快车道 在全球农产品贸易版图上，摩洛哥已从传统供应国跃升为高附加值农产品的重要输出地。作为非洲重要的农产品出口大国，摩洛哥在全球农业贸易格局中具 有举足轻重的影响力。它不仅长期位居非欧盟地区西红柿供应的前列，也是世界柑橘类产品的主要供应方之一。 根据中华人民共和国驻摩洛哥王国大使馆经济商务处发布的数据，过去20年里，摩洛哥水果和蔬菜总产量增长25%，其中水果产量增长33%，从年均不到 400万吨增长到超500万吨，蔬菜产量增长17%。其中，西红柿是摩洛哥的旗舰出口农产品，2024年对欧番茄出口额达10亿欧元。 从总体而言，过去20年里，摩农产品出口额增长近500%，从一个地区性供应商发展成为欧洲市场重要参与者，实现了农业领域质的飞跃。 摩洛哥食品出口协 ...

Core Viewpoint - The Baotou City Guguan County New Energy Green Hydrogen and Biomass Coupling 200,000 Tons Green Methanol Integrated Project has been approved for filing, indicating a significant step towards sustainable energy production in Inner Mongolia [1][5]. Project Overview - Project Name: Guguan County New Energy Green Hydrogen and Biomass Coupling 200,000 Tons Green Methanol Integrated Project [1][6] - Project Code: 2512-150222-04-01-506582 [1][6] - Applicant: Xindao Hydrogen Energy Technology (Baotou) Co., Ltd. [4][7] - Approval Authority: Guguan County Development and Reform Commission [2][7] Financial Details - Total Investment: 420 million yuan (approximately 60 million USD) [4][7] - Self-Funded: 420 million yuan [4][7] - Bank Loans: 0 yuan [4][7] Construction Timeline - Planned Construction Period: July 2026 to December 2028 [4][7] - Phase One Investment: 3.2 billion yuan (approximately 460 million USD), expected to start by the end of 2026 and complete by December 2028 [4][7]. Production Capacity - Annual Production Capacity upon Completion: - Hydrogen: 140 million cubic meters [4][7] - Green Methanol: 100,000 tons [4][7] - Total Green Electricity Generation: 1.485 billion kilowatt-hours [4][7] - Total Green Hydrogen Production: 291 million cubic meters [4][7] Technology and Process - The project will utilize water electrolysis to produce hydrogen and combine it with agricultural waste such as corn and sunflower straw for methanol synthesis [4][7]. - The products will be certified as green and negative carbon, transportable via electrified rail to Tianjin Port [4][7].

Core Viewpoint - The market is experiencing structural differentiation, with resource sectors like non-ferrous metals showing strong performance while some growth sectors face volatility [1][3]. Group 1: Market Performance - The Shenyin Wanguo Non-ferrous Metals Index has increased by 82.23% year-to-date as of December 19, 2025, outperforming other sectors including technology [1]. - Gold, silver, and copper prices have reached multiple historical highs within the year [1]. Group 2: Driving Forces Behind Resource Pricing - Three main driving forces are reshaping the pricing logic of resource products: global macro liquidity environment, new industrial demand driven by technological revolutions, and changes in pricing logic due to supply constraints [3][11]. - The Federal Reserve's monetary policy, particularly interest rate cuts, is a significant variable affecting global resource prices [4][5]. Group 3: New Industrial Demand - A new industrial revolution centered on AI and green energy is creating long-term growth opportunities for resource products [7]. - Metals like copper, aluminum, rare earths, lithium, and cobalt are transitioning from ordinary industrial materials to critical strategic resources for future industries [8]. Group 4: Investment Themes - Four main investment themes are emerging in the resource sector: - Precious metals, particularly gold, are benefiting from global liquidity shifts and geopolitical uncertainties [12]. - Industrial metals like copper and aluminum are becoming essential for green transitions [15][16]. - Energy metals and minor metals such as lithium and cobalt are closely tied to the growth of new energy vehicles and advanced industries [18]. - The chemical industry is recovering and upgrading, driven by domestic demand and new material needs [19]. Group 5: Investment Strategies - Investors are encouraged to utilize professional fund management and diversified products to navigate the complex market landscape [20][23]. - ETFs focused on strategic metals and resource sectors are highlighted as effective tools for investors looking to capitalize on specific trends [21].

巨量电能安全、高效流动的背后，是我国建成的世界上规模最大、电压等级最高、技术最先进、覆盖范 围最广的输电网络。44条跨区输电通道纵横交织，供电可靠率达99.924%。这张如巨龙脊梁般的坚强电 网，横贯东西、纵穿南北，成为保障国家能源安全、推动绿色低碳转型、支撑高质量发展的决定性力 量。 "3.4亿千瓦"见证资源配置新高度 过去五年，在我国"西电东送"的宏大布局中，特高压工程深刻重塑着我国能源流动的版图。 国家能源局最新数据显示，"十四五"期间，我国特高压建设按下"加速键"，跨省跨区输电能力实现跨越 式提升，从"十三五"末的2.7亿千瓦跃升至3.4亿千瓦，增幅超25%，为能源资源大范围优化配置筑牢根 基。 直流通道持续扩容，成为"西电东送"的核心骨干。五年间，陕北至湖北、白鹤滩至江苏、陇东至山东等 8条特高压直流工程相继投产，新增线路长度1.36万千米，使全国特高压直流线路总里程突破4万千米， 较"十三五"时期的2.8万千米增长43%。 交流网架不断完善，为电网安全运行提供坚实支撑。在"十三五"华北、华东特高压主网架基础上，"十 四五"时期华中四省、川渝地区成功构建特高压交流主网架，使特高压交流线路长度从1.2 ...

Core Insights - Jiangsu is reshaping its energy, industry, and urban development logic through technological integration and system consolidation, focusing on green transformation paths characterized by "system integration, scenario innovation, and cross-domain collaboration" [1][10] Group 1: Energy Systems - The Liyang Pumped Storage Power Station, with a total installed capacity of 1.5 million kilowatts and an annual designed power generation of 20.07 billion kilowatt-hours, serves as a backbone power source for peak regulation and frequency modulation in East China [1] - The power station contributes over 1.8 billion kilowatt-hours of green energy annually, saving 500,000 tons of standard coal and reducing carbon dioxide emissions by 1 million tons, supporting the "dual carbon" goals [1] - The "Two Networks and One Center" system in Liyang High-tech Zone enables refined and scenario-based green electricity consumption, integrating green electricity production into the park's infrastructure [4] Group 2: Circular Economy - The Suzhou Industrial Park Circular Economy Industrial Park transforms traditional urban waste, such as sewage and kitchen waste, into electricity, thermal energy, and biogas through a meticulously designed circular chain [5] - The industrial park has processed nearly 1 billion tons of sewage and produced over 38.46 million cubic meters of biogas by the end of 2024, resulting in a reduction of approximately 800,000 tons of carbon dioxide emissions [7] - The park's carbon emissions have decreased from about 480,000 tons in 2019 to approximately 270,000 tons in 2024 through process optimization and photovoltaic projects [7] Group 3: Zero Carbon Buildings - The newly constructed Yuan Zero Carbon Pavilion exemplifies a "micro-circulation" model, achieving net-zero emissions through its photovoltaic system, energy storage devices, and energy-efficient design [9] - The pavilion serves as a living exhibition of comprehensive solutions for green industry chains, utilizing local green building materials and smart management systems [9] - Urban energy supply is transitioning from a decentralized consumption model to an efficient, collaborative "circular" distribution model, significantly reducing overall electricity and gas capacity requirements [9]

Group 1 - The core viewpoint of the article highlights the positive market response to Goldwind Technology (金风科技), with its stock price increasing by over 4% and reaching HKD 14.36, with a trading volume of HKD 106 million [1] - The global largest integrated green hydrogen and ammonia project, the Zhongnengjian Songyuan Hydrogen Energy Industrial Park, officially commenced production on December 16, which is expected to enhance the investment value of the green hydrogen and ammonia industry chain [1] - Longjiang Securities notes the broad application potential of green hydrogen and ammonia in sectors such as chemicals, transportation, and metallurgy, indicating a favorable outlook for investments in this area [1] Group 2 - Dongxing Securities reports that the bidding prices for wind turbine main engines have stabilized and begun to rise since April this year, with the average bidding price for wind turbine units in September 2025 being RMB 1,610 per kW, showing a significant recovery from previous lows [1] - Factors contributing to the expected continued slight increase in wind turbine prices include enhanced reliability and full-cycle service requirements from owners, a slowdown in the trend of larger turbine units, and policies promoting "anti-involution" [1]