近日 ， 开云集团旗下奢侈品牌Balenciaga在其2026春季成衣系列中，正式推出了采用创新 生物合成丝 绸 制作的服装—— 2款采用生物工程丝蛋白纱线制成的单品 （一件白色衬衫和一件黑色衬衫裙，现已 在指定门店和线上发售） 。 据悉，本次应用的生物合成丝绸由Balenciaga品牌与 德国生物技术公司AMSilk 合作开发。 声明： 因水平有限，错误不可避免，或有些信息非最及时，欢迎留言指出。本文由仅作新材料相关领域介绍，本文不构成任何投资 建议！转载请注明来源！ 生物，利用细菌发酵工艺，以植物源糖分为原料生产高性能丝蛋白聚合物，最终产品具有纯素、可 100%生物降解且不含微塑料的特性。 2026年3月31日-4月1日， " 第五届中国合成生物学及生物制造大会 " 将 在 杭州 隆重举行，其中设置 【 生物 基化学品与材料专场 】 ，诚邀各位专家及相关从业者参会交流！点击下方小程序卡片，立即免费报名参会！ 会议演讲/路演报名（审核制） 请添加下方微信 该技术利用基因编辑与蛋白质工程， 以蜘蛛丝蛋白的基因序列为模板，对微生物进行改造 。随后，这 些工程化微生物 在生物反应器中发酵，产出特定的丝蛋白，最终纯 ...

Core Viewpoint - Chengzhi Co., Ltd. (SZ000990) experienced a limit-up on January 23, 2026, with a price of 9.21 yuan, marking a 10.04% increase and a total market capitalization of 11.192 billion yuan [1] Group 1: Corporate Governance - Chengzhi Co., Ltd. has optimized its governance structure by revising its articles of association and related systems in response to the new Company Law, enhancing the role of independent directors and protecting shareholder rights [2] - The company has eliminated the supervisory board, transferring its functions to the audit committee of the board, which strengthens governance and supports long-term development [2] Group 2: Business Highlights - The company has made significant strides in its business, acquiring DIC patents to enhance its patent portfolio and leading the domestic mixed liquid crystal market [2] - Chengzhi Co., Ltd. is collaborating with academic teams to advance the industrialization of synthetic biology projects, actively expanding into the biomanufacturing sector [2] - The third quarter showed remarkable improvement, with net profit increasing by 169.63% year-on-year and non-recurring net profit rising by 253.91% [2] Group 3: Industry Trends - The semiconductor display materials and biomanufacturing sectors are currently hot topics in the market, with related concept sectors experiencing capital inflows [2] - Technical indicators such as the MACD may signal further interest from investors, potentially driving the stock price higher [2]

央视网消息：在国务院新闻办公室1月23日召开的新闻发布会上，国家知识产权局相关负责人介绍，2025年，我国创新质量持续提升，知识产 权效益加速显现。 截至2025年底，我国国内（不含港澳台）有效发明专利中，高价值发明专利数量达到229.2万件。信息技术管理方法、计算机技术、医学技术 等领域的有效发明专利增速最快，人工智能专利有效量位居全球前列。在量子科技、生物制造、脑机接口、第六代通讯等未来产业，布局了一 批关键核心技术专利。 国家知识产权局副局长芮文彪介绍，全年专利转让许可备案次数达69.7万次，同比增长13.7%。企业发明专利产业化率达到54%，连续多年稳 步增长。2025年1—11月，全国知识产权使用费进出口总额达到3828.7亿元，同比增长7.4%。其中，出口额同比增长23.1%，助力我国服务贸易 出口攀高向新。 最新数据显示，我国专利密集型产业的增加值突破18万亿元，占GDP的比重从2020年的11.97%提升到2024年的13.38%，知识产权的效益加速 显现。 国务院新闻办公室1月23日上午举行新闻发布会，国家知识产权局相关负责人介绍，2025年，我国共授权发明专利97.2万件，发明专利审查周 ...

Group 1 - The core viewpoint of the article highlights the significant progress made in China's intellectual property (IP) sector by 2025, exceeding the goals set in the 14th Five-Year Plan [3] - By 2025, China is expected to authorize 972,000 invention patents and 1,461,000 utility model patents, with a total of 532 million valid invention patents by the end of 2025, achieving a high-value invention patent ownership of 16 per 10,000 people [3] - The average examination period for trademark registration remains stable at 4 months, with a passing rate exceeding 97%, and the total number of registered trademarks is projected to reach 4,206,000 by 2025 [6] Group 2 - The direct annual output value of geographical indication products in China is close to 1 trillion yuan, marking five consecutive years of growth and contributing significantly to regional economic development [6] - By the end of 2025, China will have recognized 5,066 geographical indication products and approved 7,425 registrations for collective and certification trademarks [8] - The industrialization rate of enterprise invention patents is expected to reach 54% by 2025, with a 13.7% year-on-year increase in patent transfer and licensing registrations [9] Group 3 - China ranks second globally in brand value, with its top 5,000 brands valued at $1.81 trillion [6] - The country has established the largest and most comprehensive network of Technology and Innovation Support Centers (TISC) in collaboration with the World Intellectual Property Organization, with 202 centers [13] - A total of 519 national-level IP public service institutions have been established, covering all provincial levels, and have served over 5 million innovation entities during the 14th Five-Year Plan period [12][13]

国务院新闻办公室今天上午举行新闻发布会，国家知识产权局披露的知识产权数据，反映出以下主要特 点： 三是知识产权效益加速显现。最新数据显示，我国专利密集型产业的增加值突破18万亿元，占GDP的比 重从2020年的11.97%提升到2024年的13.38%，对经济增长的贡献度稳步提高。全球前5000个品牌中， 我国品牌价值达1.81万亿美元，位居全球第二。地理标志产品直接年产值接近1万亿元，实现五连增， 成为特色产业增收致富的"金名片"，有效助力了区域经济发展。 （总台央视记者 王婧 李晶晶） 一是创新质量持续提升。我国国内（不含港澳台）有效发明专利中，高价值发明专利同比增速比总体水 平高2.2个百分点，数量达到229.2万件。信息技术管理方法、计算机技术、医学技术等领域的有效发明 专利增速最快，人工智能专利有效量居全球前列，在量子科技、生物制造、脑机接口、第六代通讯等未 来产业布局了一批关键核心技术专利，有力促进了高水平科技自立自强。 二是重点区域创新活跃。截至2025年底，长三角地区、京津冀地区和广东省的发明专利有效量分别为 173.4万件、91.6万件和89.9万件，合计约占国内总量的2/3；有效注册商标量 ...

近日，由中国长城资产管理股份有限公司、西安天美生物科技股份有限公司、国声智库联合举办的"新质生产力与生物 制造高质量发展研讨会暨合作签约仪式"在京召开。会议以"积极发挥新质生产力，锚定生物制造高质量发展"为主题，政产 学研媒金各界代表齐聚中国长城资产管理股份有限公司总部会议室，共商产业创新路径，见证金融资本与科技企业深度融 合的重要时刻。 企业实践：绿色创新深耕高价值赛道 研讨会以西安天美生物宣传片开篇，集中展现了西安天美生物在天然成分生物制造领域的技术积淀与产业优势。西安 天美生物科技股份有限公司董事长胡永卫表示，西安天美生物作为国家级"国家级高新技术企业"与"专精特新"企业，深耕 天然成分生物制造赛道，聚焦高价值创新成分研发，通过高效利用可再生原料、优化生产工艺，实现资源消耗与环境影 响"双降"，构建高效可持续生产模式，精准响应国家创新驱动发展战略。依托国内资源与人才优势，生物制造正成为传统 产业绿色转型的核心支撑，此次携手长城资产，将加速天然高价值产品研发迭代，助力产业升级与可持续发展，为新质生 产力落地提供实践样本。 金融赋能：精准滴灌助力科技转化 国声智库执行主任徐蕴峰表示，国声智库和西安天美生物联 ...

Group 1 - The core focus of Jining is to build a strong industrial city by enhancing the industrial economy, emphasizing the importance of the real economy and manufacturing [1] - Jining plans to implement tailored industrial development action plans for 85 "chain master" enterprises, promoting innovation and collaborative development with small and medium-sized enterprises [1][2] - The city aims to cultivate high-quality enterprises and promote the integration of five industrial chains to release multiplier effects [1] Group 2 - Jining will intensify efforts to elevate its "232" advantageous industrial clusters, focusing on high-end equipment, high-end chemicals, new energy, new materials, new generation information technology, modern food, and modern medicine [2] - The high-end equipment cluster will concentrate on engineering machinery, automotive parts, and specialized equipment, aiming to create a leading smart manufacturing equipment hub [2] - The new energy cluster will expand the scale of energy storage batteries, power batteries, and photovoltaic components, with a goal to establish the largest new energy battery production base in Northern China [2] Group 3 - Jining will promote the upgrading of traditional industries such as coal, paper, tires, building materials, and textiles while also focusing on emerging industries like low-altitude economy and intelligent connected vehicles [3] - The city plans to develop high-quality industrial parks with a comprehensive development layout and enhance productive service industries through initiatives in commerce and logistics [3] - Jining aims to support the growth of service sectors such as research and design, accounting, legal services, and human resources, while fostering headquarters and building economies [3]

证券研究报告·北交所报告·北交所定期报告 证券分析师 朱洁羽 执业证书：S0600520090004 zhujieyu@dwzq.com.cn 证券分析师 易申申 执业证书：S0600522100003 yishsh@dwzq.com.cn 证券分析师 余慧勇 执业证书：S0600524080003 yuhy@dwzq.com.cn 研究助理 武阿兰 执业证书：S0600124070018 wual@dwzq.com.cn 研究助理 陈哲晓 北交所定期报告 20260121 服务器 CPU 面临提价，北证 50 上涨 0.14% 2026 年 01 月 21 日 执业证书：S0600124080015 sh_chenzhx@dwzq.com.cn 相关研究： 《沪深北交易所提高融资保证金最低 比例，北证 50 上涨 0.98%》 2026-01-14 《工信部印发<推动工业互联网平台 高质量发展行动方案（2026—2028 年）>，北证 50 下跌 2.50%》 2026-01-13 东吴证券研究所 1 / 7 请务必阅读正文之后的免责声明部分 [Table_Tag] [Table_Summary] ◼ 资本 ...

Group 1 - The core viewpoint of the news is the introduction of eight supportive policies aimed at enhancing enterprise development in Jiangsu Province, combining both existing and new financial support measures [1][2][3] - The manufacturing loan interest subsidy policy has been optimized and expanded, allowing two types of enterprises to directly benefit from interest subsidies, specifically "C manufacturing" enterprises and recognized "little giant" enterprises [1] - The modern service industry loan interest subsidy policy has seen improvements, with a budget of 150 million yuan for 2026, increasing the subsidy rate from 1% to 1.5%, and expanding the eligible sectors to include various service industries [2] Group 2 - Jiangsu has implemented a "fiscal + financial" strategy to address enterprise financing challenges, resulting in significant financial support for sectors such as technology innovation and advanced manufacturing [3] - The province has introduced a comprehensive framework of 20 measures and over 60 policy points to support high-quality economic development, with 4.6 billion yuan allocated for fiscal subsidies [3] - The policies aim to leverage financial resources, with over 600 billion yuan mobilized to support various sectors, including small and micro enterprises [3]

Core Insights - The equity investment industry is entering a "refinement period" characterized by a return to cognition and capability reshaping, with long-term capital expanding and patient capital becoming a core force supporting technological innovation [3][41] - Investment institutions are focusing on hard technology and strategic emerging industries, deepening their layouts and uncovering value [3][41] - The conference aims to create an efficient ecosystem that integrates investors and enterprises, promoting the full-chain integration of the investment industry [3][41] Group 1: Institutional Positioning and Core Advantages - The forum features prominent figures from leading investment institutions, emphasizing their long-term commitment and sensitivity to cyclical and structural changes [5][42] - 弘毅投资 has shifted its focus to early-stage technology investments, aligning with national policies and industry trends, while also managing a significant real estate investment business [7][8] - 华映资本 has a strong emphasis on early-stage investments, with over 80% of its investments concentrated in this phase, particularly in AI and related fields [10][11] Group 2: Investment Strategies and Opportunities - Investment strategies for 2026 will focus on AI, biomedicine, and gene technology, with a recognition of the need for a forward-looking perspective on how AI will reshape industries [19][20] - The importance of early-stage investments is highlighted, with institutions planning to deepen their engagement in sectors like semiconductors and artificial intelligence [15][22] - 鼎晖投资 emphasizes a dual structure of traditional PE and VGC, focusing on both acquisition investments and innovative growth funds in hard technology sectors [13][14] Group 3: Balancing Policy Guidance and Investment Returns - The concept of "patient capital" is discussed, with a distinction between "active patience" and "passive patience," emphasizing the need for a proactive approach to long-term investments [32][36] - The balance between policy direction and market logic is crucial, with a focus on finding projects that align with both government strategies and market demands [33][34] - The need for a diversified capital structure to support long-term investments in hard technology is emphasized, highlighting the role of various capital sources [32][33]