同时，千亿工业底盘将增强霍林郭勒市在区域发展格局中的战略地位。作为蒙东地区重要的能源和工业 基地，霍林郭勒市在绿电消纳、铝基新材料等领域的优势将进一步凸显，在区域产业链分工中的枢纽作 用持续强化。绿色发展实践将成为资源型城市转型升级的典范，为同类地区提供可借鉴的发展路径。 千亿突破不是终点，而是迈向更高发展目标的起点。未来，霍林郭勒市将坚持创新驱动、绿色引领，推 动工业经济实现质的有效提升和量的合理增长，让发展成果更多更好惠及人民群众。 本报通辽1月14日电 （记者 霍晓庆）1月14日，霍林郭勒市在全市经济工作会议上发布消息：2025年， 全市规模以上工业总产值首次突破千亿元大关，预计达到1027亿元。这一里程碑式的跨越，不仅标志着 霍林郭勒市综合经济实力迈上新台阶，更为"十四五"圆满收官增添了浓墨重彩的一笔。 千亿级工业体量意味着更多上下游企业的集聚，以"绿电铝"为核心的产业体系将进一步巩固提升，新能 源装机规模持续扩大，绿电铝产能稳步释放，碳基材料产业加速布局，"一主多元"现代产业格局日益清 晰，产业向着高端化、智能化、绿色化方向大步迈进。截至目前，霍林郭勒市已谋划储备"十五五"工业 项目106个，总投资 ...

进入2026年，A股持续走高，港股则明显跑输。 年初至1月12日，万得全A指数上涨6.92%，尤其是科创综指上涨13.39%，均明显跑赢恒生指数 （3.82%）和恒生科技（6.29%）。 港股年初跑输，核心在于其市场结构与当前资金偏好错配，且流动性环境暂时处于弱势。一方面，开年 A股的春季躁动，资金集中涌入科技硬件等被视为具备高回报潜力的稀缺方向，而商业航天、脑机接口 等强势赛道在港股中占比偏低；港股特色的分红、互联网等板块则不在当前市场兴奋点上。 另一方面，港股资金面亦受制约：海外美债利率居高不下，压制外资流入；A股活跃分流内地资金，导 致南向资金流入放缓；同时港股IPO与解禁规模较大，形成资金需求压力。 此外，港股对基本面及信用周期更为敏感，当前经济数据疲弱亦对其构成压制。历史数据显示，A股春 季日历效应通常强于港股，近期表现也契合这一规律。 从另一个视角看，随着A股进入高位震荡，资金开始寻求"高切低"，港股的短暂跑输反而凸显其性价比 优势，吸引部分切换资金流入。 这一点在近日行情中已有所体现。1月12日至13日，随着AI应用、创新药两条主线逐渐活跃，港股相关 板块已显现出追赶势头，甚至隐隐有后来者居上之 ...

Core Viewpoint - WISCO Development plans to acquire assets from WISCO Mining and Luzhong Mining while divesting its existing business-related assets, leading to a significant increase in stock price prior to suspension [1] Group 1: Transaction Overview - The company intends to purchase 100% equity of WISCO Mining and Luzhong Mining from its controlling shareholder, China Minmetals Corporation, through asset swaps, share issuance, and cash payments [1][2] - The transaction will involve swapping major assets and liabilities (excluding retained assets and liabilities) with equivalent portions of the equity from WISCO Mining and Luzhong Mining [1][2] - The final transaction price for the assets is yet to be determined as auditing and evaluation work is still ongoing, but it is expected to constitute a major asset restructuring [1][3] Group 2: Business Focus and Market Position - WISCO Mining and Luzhong Mining primarily engage in iron ore mining, processing, and sales of iron concentrate products, holding significant mining rights in regions like Liaoning, Anhui, and Shandong [2] - The company currently operates in resource trading, metal trading, and supply chain services, with its previous business closely tied to the steel industry [2][3] - The existing resource trading business faces intense market competition and is susceptible to fluctuations in supply and demand, commodity prices, and industry credit environments [3] Group 3: Financial Performance - For the first three quarters of 2025, WISCO Development reported a revenue of 40.893 billion yuan, a 20% year-on-year decline, and a net profit attributable to shareholders of 114 million yuan, down 16% [3] - In contrast, WISCO Mining and Luzhong Mining demonstrated stronger profitability, with WISCO Mining generating 2.317 billion yuan in revenue and a net profit of 503 million yuan, while Luzhong Mining reported 1.256 billion yuan in revenue and a net profit of 185 million yuan for the same period [3] Group 4: Market Reaction and Future Steps - The company has suspended trading since December 30, 2025, to facilitate the transaction and is set to resume trading on January 15, 2026 [4]

Core Viewpoint - The company, Wukuang Development, is undergoing a significant asset restructuring involving the acquisition of 100% equity in Wukuang Mining Holdings and Luzhong Mining from its controlling shareholder, Wukuang Co., Ltd, while divesting its original business-related major assets and liabilities [1][2] Group 1: Transaction Details - The proposed transaction includes the exchange of major assets and liabilities related to the company's original business for equivalent portions of the 100% equity in Wukuang Mining and Luzhong Mining [1] - The company plans to issue shares and pay cash to Wukuang Co., Ltd for the difference in transaction prices between the assets being acquired and those being divested [1] - The company intends to raise supporting funds by issuing shares to no more than 35 specific investors [1] Group 2: Asset Information - Wukuang Mining was established in November 2010 with a registered capital of 5.61 billion yuan, while Luzhong Mining was founded in April 1994 with a registered capital of approximately 2.458 billion yuan [2] - Both companies are wholly owned subsidiaries of Wukuang Co., Ltd and are large state-owned enterprises engaged in iron ore mining [2] Group 3: Strategic Implications - The transaction is expected to help the company transform its main business, integrating high-quality iron ore resources from China Minmetals, and promoting industrial upgrades [2] - Following the completion of the transaction, the company's original trading assets will be entirely divested, and the profitability is anticipated to improve as the core assets of iron ore mining, processing, and sales are incorporated [2]

智通财经APP讯，五矿发展(600058.SH)发布公告，公司拟以原有业务相关的主要资产及负债(除保留资 产、负债外)与公司控股股东五矿股份持有的五矿矿业100%股权、鲁中矿业100%股权中的等值部分进行 资产置换，拟置入资产和拟置出资产交易价格之间的差额部分，由上市公司向五矿股份以发行股份及支 付现金方式购买，并向特定投资者发行股份募集配套资金。公司股票于2026年1月15日复牌。 本次交易拟置出上市公司原有业务相关主要资产，置入资产主营业务为铁矿石的开采、选矿加工和铁精 粉产品销售。本次交易有助于上市公司实现主业转型，整合中国五矿优质铁矿资源，促进上市公司产业 升级，增强上市公司综合实力以及抵御经营风险的能力。 ...

（编辑 楚丽君） 证券日报网讯 1月14日，中材国际在互动平台回答投资者提问时表示，中材国际是全球水泥技术装备与 工程服务领域的领导者。作为业内唯一实现从矿山开采到智慧运维全产业链覆盖的集成服务商，公司构 建了贯穿技术研发、数字设计、智能制造、智慧建设及售后服务的全生命周期价值体系。凭借这一独特 优势，公司不仅是全球水泥生产商的核心伙伴，更在特种水泥等高端材料领域积累了专业能力和定制化 服务经验。面向未来，公司将持续以系统解决方案赋能产业升级，积极开拓新增长机遇。 ...

Group 1 - The article highlights the contradiction in the U.S. narrative regarding trade with China, emphasizing that American consumers and businesses bear the tax burden from tariffs, not Chinese exporters [3][5][21] - It points out that major U.S. tech companies like Nvidia and Intel are lobbying against tariffs while still seeking to sell to China, indicating a dependency on the Chinese market [5][19] - The U.S. government's recent decision to allow the sale of advanced chips to China comes with stringent conditions, reflecting a transactional approach rather than genuine cooperation [7][24] Group 2 - China's response to U.S. tariffs includes imposing anti-dumping duties on U.S. and South Korean solar-grade polysilicon, which is critical for the solar industry, potentially harming U.S. production [11][13] - The article notes that China's solar industry holds over 85% of the global market share, giving it significant leverage over the U.S. solar sector [14][25] - The diversification of agricultural supply sources for China, with countries like Argentina and Brazil strengthening ties, reduces reliance on U.S. agricultural exports [15][17] Group 3 - The narrative suggests that U.S. companies are increasingly reliant on the Chinese market for growth, with significant sales contributions from firms like Nvidia, Apple, and Tesla [21][23] - China's advancements in technology and supply chain capabilities have diminished the effectiveness of U.S. attempts to restrict access to critical components like chips [19][27] - The article concludes that China's market position has evolved to one of strength and choice, challenging the notion that it will passively accept unfavorable trade terms [27][28]

Core Viewpoint - The company, Fulin Precision, is set to issue 233 million shares to raise a total of 3.175 billion yuan, with the funds aimed at enhancing its production capabilities in high-end lithium iron phosphate for energy storage and other key projects, while also optimizing its capital structure and risk resilience [2]. Group 1 - The introduction of CATL as a strategic investor will deepen the collaboration along the industrial chain, enhancing the company's competitive edge in lithium battery materials and smart control components [2][4]. - The company has established a stable partnership with CATL, becoming a significant supplier of lithium iron phosphate, and has received multiple large orders from CATL, which is expected to increase as market demand for high-density lithium iron phosphate products grows [3]. - The collaboration will focus on joint research and development of next-generation high-density lithium iron phosphate materials, ensuring both companies maintain a technological leadership in the battery market [3][4]. Group 2 - The strategic partnership with CATL will enable the company to leverage CATL's extensive resources in the electric vehicle industry, facilitating cooperation in various sectors including technology, market, and project financing [4]. - The company aims to explore additional business opportunities with CATL, enhancing its operational capabilities and global business collaboration [4].

Core Viewpoint - The Henan Province Reform and Development State-Owned Enterprise Equity Investment Fund, with a scale of 5 billion yuan, has initiated the regular selection of fund management institutions for the 2026 annual sub-fund [1] Investment Focus - The investment direction for this year emphasizes capital market incubation for state-owned enterprises, key industry clusters in Henan Province, cultivation of strategic emerging industries, and focus on the main business of state-owned enterprises [1] - Key industries targeted for investment include advanced aluminum-based materials, advanced copper-based materials, advanced alloy materials, electronic information, advanced equipment, biomedicine, and high-end medical devices [1] Sub-Fund Requirements - Sub-fund management institutions are required to secure investment intentions for at least 50% of the total scale of the proposed sub-fund (excluding contributions from the mother fund) [1] - The management fee for the sub-fund (and partnership fee) shall not exceed 2% per year, with specific arrangements to be negotiated [1] - Sub-funds are generally expected to set a hurdle return rate of no less than 6% per year [1] Fund Background - The Henan Province Reform and Development State-Owned Enterprise Equity Investment Fund was initiated by the Henan State-Owned Capital Operation Group Co., Ltd. in September 2024, aiming to leverage the leading role of state-owned enterprises, optimize capital layout in Henan Province, and promote industrial upgrading and innovative development [1]

Core Insights - Shanxi Qixian Economic Development Zone has been recognized as a provincial-level characteristic park for consumer goods, specifically in the beverage sector, marking a significant achievement in the park's industrial development [1] Group 1: Development Strategy - The establishment of a leadership group headed by county leaders aims to coordinate the creation of the characteristic park, implementing a dual management model of "leadership group + platform company" [2] - A "four ones" work promotion mechanism has been introduced, which includes one project, one leader, one specialized team, and a commitment to thorough execution [2] - The park plans to enhance its industrial chain by integrating upstream livestock and packaging enterprises and downstream logistics and energy companies, creating a green circular economy [2] Group 2: Industry Growth - Key companies such as Jiumai, Uni-President, Yili, and Red Star are central to the beverage industry cluster, with a projected industrial output value of 2 billion yuan by 2025 [3] - Yili is focusing on expanding its product range in the liquid milk sector, while Red Star is integrating traditional brewing with smart production [3] - The park aims to support the development of high-end health beverages and enhance the overall competitiveness of the beverage industry [4] Group 3: Performance Metrics - The park will focus on five performance indicators: industrial aggregation, incremental contribution, innovation investment, brand cultivation, and green development [5] - Efforts will be made to enhance local enterprise capabilities and attract investments to ensure steady growth in output value and added value during the 14th Five-Year Plan [5] Group 4: Industrial Tourism - The park is leveraging its geographical advantages to integrate industrial and cultural tourism, enhancing brand visibility and economic contributions [6] - Projects like the Red Star Baijiu Museum and Yili's industrial tourism initiatives aim to create seamless experiences that combine production, culture, and tourism [6] Group 5: Future Directions - The park will continue to strengthen its industrial chains, improve the business environment, and deepen innovation-driven development to become a significant food production base and green development demonstration area in Central and Western China [7]