从全年来看，采矿业增加值增长5.6%，制造业增长6.4%，电力、热力、燃气及水生产和供应业增长2.3%。装备制造业增加值增长9.2%，高技术制造业增加 值增长9.4%，增速分别快于规模以上工业3.3、3.5个百分点。 不难看出，装备制造业和高技术制造业增势较好。与之相关的是，2025年，新质生产力给我国经济发展带来诸多新的亮点和变化，从产业来看，产业向新力 积聚成势。 21世纪经济报道记者冉黎黎 北京报道 2026年1月19日，国家统计局发布数据显示，2025年12月份，规模以上工业增加值同比实际增长5.2%（增加值增速均 为扣除价格因素的实际增长率）。从环比看，12月份，规模以上工业增加值比上月增长0.49%。 2025年，全国规模以上工业增加值比上年增长5.9%，保持较快增长态势，增速较上年加快0.1个百分点。 规模以上工业增加值同比增长速度。（国家统计局/图） 分三大门类看，12月份，采矿业增加值同比增长5.4%，制造业增长5.7%，电力、热力、燃气及水生产和供应业增长0.8%。 进一步而言，国家统计局局长康义在当日举行的2025年国民经济运行情况新闻发布会上提到，高端装备、绿色能源、智能制造等新兴领域 ...

Core Viewpoint - The stock of Shanghai Pulite Composite Materials Co., Ltd. has shown significant volatility, with a year-to-date increase of 20.33% but a recent decline of 19.50% over the last five trading days, indicating potential market fluctuations and investor sentiment shifts [1]. Group 1: Stock Performance - As of January 19, Pulite's stock price reached 19.24 CNY per share, with a trading volume of 4.98 billion CNY and a turnover rate of 3.37%, resulting in a total market capitalization of 21.401 billion CNY [1]. - The stock has experienced a 54.79% increase over the past 20 days and a 46.65% increase over the past 60 days [1]. - The company has appeared on the "龙虎榜" (a list of stocks with significant trading activity) twice this year, with the most recent appearance on January 8 [1]. Group 2: Financial Performance - For the period from January to September 2025, Pulite reported a revenue of 6.787 billion CNY, reflecting an 18.29% year-on-year growth, and a net profit attributable to shareholders of 325 million CNY, which is a 55.42% increase compared to the previous year [2]. - Since its A-share listing, Pulite has distributed a total of 680 million CNY in dividends, with 183 million CNY distributed over the last three years [3]. Group 3: Shareholder Information - As of October 10, 2025, the number of shareholders for Pulite was 28,900, which is an increase of 0.18% from the previous period, with an average of 26,831 circulating shares per shareholder, a decrease of 0.18% [2]. - Among the top ten circulating shareholders, Hong Kong Central Clearing Limited holds 18.5062 million shares, a decrease of 169,500 shares from the previous period, while Southern CSI 1000 ETF holds 6.105 million shares, down by 76,600 shares [3]. Group 4: Business Overview - Pulite specializes in the research, production, sales, and service of polymer new materials and their composites, with its main business revenue composition being: general modified materials (44.47%), engineering modified materials (17.05%), lithium iron phosphate lithium-ion batteries (15.42%), and others [1]. - The company operates within the basic chemical industry, specifically in the plastic and modified plastic sectors, and is associated with concepts such as nuclear pollution prevention and commercial aerospace [2].

周斌表示，大模型对于重复立项项目、绩效不明确项目、资金变化较大项目等，均能给出预警和分析。 在近期某部门的预算预审会上，依托这一工具快速准确找出16个问题，让审查重点瞬间明晰，为审查精 准"导航"。 这一实践正是人工智能技术深度融入千行百业的生动例证。周斌接受南方财经记者采访时表示，"十五 五"时期是人工智能发展的关键阶段，广州凭借扎实的产业基础、丰富的应用场景，"发展人工智能，广 州大有可为"。 除了人工智能产业，今年周斌的履职重点聚焦新兴未来产业，将商业航天、低空经济、超高清视频显 示、科技成果转化等新赛道纳入关注范畴。其中，低空经济作为打造"天空之城"的重要支撑，成为其建 言献策的重点。 南方财经记者陈梦璇 广州报道 1月19日，广州市十六届人大六次会议首场"代表通道"举行。作为广州市人大预算委委员，广州市人大 代表、工业和信息化部电子第五研究所全国重点实验室副总工程师周斌在通道上分享了借助市人大常委 会信息化履职平台践行"为民办实事"的案例，展现了科技赋能人大履职的创新成效。 预算审查是人大监督的重要职能。以往审查单个部门预算要面对近百页资料，涵盖几十甚至上百个项 目，人工审查不仅耗时耗力，还易因数据 ...

Group 1 - The Inner Mongolia Autonomous Region is focusing on the development of emerging industries such as low-altitude economy and "Artificial Intelligence+" to accelerate the establishment of a modern industrial system [1][5] - Experts provided insights on the historical development and current status of artificial intelligence in China, as well as the concept and future prospects of the low-altitude economy [3] - The regional government emphasizes the importance of leveraging local resources and comparative advantages to foster new productive forces and enhance industrial development through artificial intelligence [5][6] Group 2 - The government plans to advance the construction of a national integrated computing power network and promote digital transformation in the energy sector, including high-voltage flexible direct current transmission and large-scale intelligent computing centers [5] - There is a focus on creating integrated scenarios for low-altitude economy, autonomous driving, and the implementation of "Artificial Intelligence+" initiatives to drive innovation [6] - The regional authorities are committed to attracting and nurturing talent through the "Talent Prosperity in Inner Mongolia" initiative to support technological advancements in key sectors [5][6]

这个词听起来很高大上，但拆开来看，其实并不复杂。e-V-T-O-L，全称是"电动垂直起降飞行器"（electric Vertical Take-off and Landing）。 说白了，这就是一台能载人的、电动的、plus版的大疆。其中它有一个很大的特点，就是"垂直起降"，跟直升机一样。 每天上班不出意外，老狐应该都会堵在路上，看着导航地图上红到发紫的线条，不管智驾再怎么牛逼都没用，只能思考人生的意义。 但别急，可能再过几年，我们就不是在路上堵着，而是在天上"堵着"了。 没错，价格跟一辆理想L或问界 M8 差不多，你就能买一台能载人的飞行器了。 买车还是买"飞机"？这曾经是个白日梦，现在成了摆在咱们面前的选择题。但在选择之前，我们要先弄清楚，这玩意到底是个啥？ 因为，年轻人的第一台"直升机"，它真的来了。 前几天，深圳一家叫"智航"的无人机公司，发布了一款叫"子弹头"的超轻型 eVTOL，标准版售价 39.9 万元 飞天电驴是个啥？ 近几年，你可能老听到一个很赛博朋克的词：eVTOL。 不需要长长的跑道，在你家小区楼顶、在商场停机坪，甚至在稍微大点的院子里，只要给块空地就能原地起飞。 而且因为是电动的，它比 ...

Core Viewpoint - In 2025, the A-share market showed an overall upward trend, with the Silver Hua Small and Medium Cap Select Fund achieving a remarkable net value increase of 64.38%, significantly outperforming its benchmark by over 40 percentage points, ranking among the top in active equity funds [1][4]. Fund Performance - The Silver Hua Small and Medium Cap Select Fund, established in June 2012, aims for long-term asset appreciation by investing in competitive and high-growth small and medium-cap stocks while effectively controlling investment risks [2]. - As of January 15, 2026, the fund's long-term performance is impressive, with a cumulative net value growth rate exceeding 1000%, outperforming its benchmark by over 800 percentage points, and ranking 4th out of 308 in its category [4]. Investment Strategy - The fund's investment strategy focuses on sectors such as AI, semiconductors, and robotics, with a particular emphasis on domestic computing chips, low-altitude economy, military trade, commercial aerospace, and robotics [9]. - As of the end of Q3 2025, the fund's stock investments accounted for 90.38% of total assets, with the top ten holdings representing 66.38% of the fund's net asset value [6]. Top Holdings - The top five holdings of the fund as of Q3 2025 include Industrial Fulian, Shengyi Technology, Jinghe Integration, Huahong Semiconductor, and Shenzhen South Circuit, with significant investments in each [8]. - The fund's management team has made strategic adjustments, adding nine new major holdings in Q3, primarily in the technology sector [7].

炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ 中信证券研究 文|商力 张铭赫 敖翀 拜俊飞 全球稀土资源战略地位持续提升，稀土产业进入高质量发展新时代。供给层面，配额管制叠加管制政 策，刚性逻辑或持续加强；需求层面，新能源汽车、人形机器人和低空经济等新兴领域有望成为需求长 期高速增长的核心驱动，我们预计2026年起全球稀土供需缺口或持续扩大，稀土价格或稳中有进，产业 链盈利能力或持续提升，持续推荐稀土产业链战略配置价值。 ▍稀土产业进入高质量发展新时代。 自2011年国务院首次提出"稀土战略储备"以来，一系列围绕保护稀土资源，加快关键核心技术创新应用 的政策陆续出台。2023年11月，国务院总理李强在国常会提出推动稀土产业高质量发展；2024年10月， 《稀土管理条例》正式实施；2025年8月，《稀土开采和稀土冶炼分离总量调控管理暂行办法》出台， 国家对于稀土产业高质量发展政策在不断完善及细化，稀土资源安全已上升至国家安全体系的核心维 度。通过严格政策管控、科技创新和绿色转型，实现从资源大国向产业强国的转变，中国稀土产业正迈 入高质量发展新时代。 | 稀土行业改氨桩理 | | | ...

Core Insights - Xiaopeng Motors' flying car division, Xiaopeng Huitian, is reportedly working with JPMorgan and Morgan Stanley for an IPO in Hong Kong, with a potential completion by the end of the year [1] - The low-altitude economy in Guangdong has reached a scale of over 100 billion RMB, with more than 15,000 related enterprises, accounting for over 30% of the national total [1] - The "Land Carrier," a flying car developed by Xiaopeng Huitian, has received over 7,000 global orders, indicating strong market interest and potential for record sales in the manned flying vehicle sector [3][4] Company Developments - Xiaopeng Huitian has increased its registered capital from 650 million RMB to 900 million RMB, a growth of approximately 38%, reflecting confidence in the flying car market [1] - The company has established the world's first mass production line for flying cars in Guangzhou, aiming for an annual production capacity of 10,000 units [3] - The "Land Carrier" is designed with a unique split design, allowing it to be stored in a car's trunk, and features strong autonomous driving capabilities [2] Industry Trends - The eVTOL (electric Vertical Take-Off and Landing) market is expected to see several products, including the "Land Carrier," receive type certification by 2026, marking a significant step towards commercialization [3] - Guangdong's low-altitude economy is projected to exceed 1 trillion RMB by 2026, driven by reforms in airspace management and infrastructure connectivity [1][6] - The province is home to over 30% of China's low-altitude industry chain, with a leading position in both consumer and industrial drone markets [6] Future Outlook - Xiaopeng Huitian plans to launch the A868 flying car, targeting intercity commuting with a range exceeding 500 kilometers and a cruising speed over 360 kilometers per hour [4][5] - The company is also developing a comprehensive low-altitude flight camp and a flying car "6S store" in Guangzhou, which will serve multiple functions including sales and training [5] - Continuous capital investment, including a recent 1.26 billion RMB loan and 250 million USD in Series B funding, will support the R&D and commercialization of flying cars [5]

Core Viewpoint - Guangzhou aims to become a "Sky City" by developing its low-altitude economy and commercial aerospace industry, with a target to create a market exceeding 100 billion yuan by 2035 [3][4]. Group 1: Policy and Strategic Framework - The "Guangzhou Plan for Accelerating the Construction of a Strong Advanced Manufacturing City (2024-2035)" emphasizes the development of low-altitude economy and commercial aerospace [3]. - The city has established a foundational support system for urban air traffic, being the first in the country to release guidelines for low-altitude infrastructure construction [4]. Group 2: Industry Structure and Opportunities - The low-altitude industry in Guangzhou shows a structural characteristic of "strong upstream, weak midstream, and hot downstream," indicating a potential for comprehensive industry upgrades [4]. - The city has 4 general/helipads and numerous take-off and landing points, providing a robust network for low-altitude operations [5]. Group 3: Infrastructure and Management - Recommendations include enhancing infrastructure and management systems to ensure safe and efficient low-altitude operations, focusing on technology innovation and airspace reform [6][7]. - A unified management service platform is proposed to achieve integrated control over low-altitude flights, enhancing operational efficiency [8]. Group 4: Urban Integration and Applications - The integration of low-altitude economy into urban life is expected to transform production and lifestyle, enhancing urban governance through drone inspections and emergency response [9]. - The development of low-altitude tourism and cultural projects is encouraged, leveraging the unique ecological resources of regions like Conghua and Zengcheng [10]. Group 5: Ecosystem Development - The formation of a "manufacturing + research + application" ecosystem is accelerating, with calls for increased investment in related fields such as new materials and renewable energy [10].

马春浩 马春浩近照，AI修饰生成素描画 1月11日，"天马—1000"无人运输机顺利完成首次飞行试验，各项飞行数据表现良好，不少网友亲切地 称呼它为智能"空中货拉拉"。 《 人民日报 》( 2026年01月19日 19 版) 严苛的性能要求，对飞行器的气动布局提出了极高要求。传统的研发方案，主要依靠实物风洞试验。但 实物风洞试验耗时长、投入高。为此，团队尝试走一条"无风洞试验"的数字化快速研发创新路径。 基于这个目标，我带领团队依托高精度气动计算、飞行力学仿真、结构优化设计与控制率迭代技术，构 建起全流程数字化研发体系。首飞试验证明，仿真数据与实飞数据高度吻合。 "天马—1000"最短滑跑起降距离小于200米，可在草地、压实土路等非硬化场地安全起降，升限达8000 米，无惧雨、雪、雾、霾等复杂气象，真正做到了灵活便捷，大幅提升补给韧性与响应速度。 这还不是终点。为了持续提升适应性，我提出模块化架构设计，实现一平台多用途的思路。团队开发出 一套"即插即用"的标准化接口，用户只需更换不同货舱，即可切换不同功能模式，真正实现"一机多 能"。这意味着，"天马—1000"既可以化身为不眠的"空中之眼"，也可以变作连接中 ...