Core Viewpoint - The 2026 Xinjiang Civil Aviation Work Conference emphasized the importance of safety and high-quality development, aligning with national policies and planning for the "15th Five-Year Plan" [2][6]. Group 1: Achievements and Developments - In 2025, Xinjiang Civil Aviation achieved significant milestones, including a passenger throughput of 54.7 million, a 12.68% increase year-on-year, and a cargo throughput of 404,100 tons, up 34.24% [3]. - The number of flight operations reached 467,000, marking a 13.5% increase, while the international and regional cargo throughput surged by 200.8% [3]. - The operational efficiency of airports improved, with on-time performance rates for departures and average flights increasing by 1.8% and 1.96% respectively [3][4]. Group 2: Strategic Focus for "15th Five-Year Plan" - The report outlines the need to enhance safety governance and modernize the governance system to address systemic risks in civil aviation [5]. - Key strategies include strengthening core hub functions, optimizing route networks, and fostering a modern aviation ecosystem that supports national development [5][7]. - The focus will also be on promoting smart and green aviation, enhancing service quality, and ensuring the integration of various industries [7][8]. Group 3: Safety Management - In 2025, Xinjiang Civil Aviation recorded a flight safety incident rate of 0.26 per 10,000 flights, a 33.3% decrease year-on-year [3][8]. - The safety report emphasizes the importance of political commitment to safety, the establishment of a robust safety responsibility system, and the implementation of dual prevention measures to enhance safety management effectiveness [8]. - The report also highlights the need for continuous improvement in safety culture and the application of new technologies to strengthen safety foundations [8]. Group 4: 2026 Key Work Plans - The 2026 work plan includes maintaining high safety standards, enhancing international aviation hub capabilities, and improving operational service efficiency [7][9]. - Specific actions involve optimizing flight operations, enhancing passenger experience, and ensuring effective coordination during peak travel periods [9]. - The plan also emphasizes the importance of party leadership and the need for a strong organizational structure to support civil aviation development [9].

过去一年，面对严峻复杂的国内外环境和超预期的多重压力挑战，昆山依旧交出了扎实的发展答卷： 2025年前三季度，昆山地区生产总值3958.98亿元，同比增长6.0%，增幅高于苏州和全省；全年进出口 总额牢牢稳住1000亿美元，总量创历史新高；规上工业总产值再上一个千亿级台阶、超1.3万亿元；新 增经营主体4.4万家，其中工业企业超2900家……在承压中取得的成绩单，更显其厚重、更令人振奋。 昆山历来是在没有经验的地方先行先试、在没有先例的地方树立标杆。无论形势如何变化，昆山坚守实 体经济、扩大开放的决心从未动摇，在新征程上争先进位、劈波斩浪的志向始终如一。 站上"十四五"规划圆满收官与"十五五"规划开局起步的历史交汇点，昆山以实践证明，外部的重压不仅 没让发展停顿，反而迸发出更加强劲的发展势能和韧性。这座城市始终顶压前行、逆势而进、向新向 优，以实干实绩为苏州服务全省挑大梁作出新的更大贡献。 产业逐"新" 唯极致不负此志 2025年12月9日，央视财经频道播出的《直通未来年度盛典》节目里，聚光灯打在了昆山协鑫光电材料 有限公司董事长范斌与他身旁的"大家伙"——2.76平方米的钙钛矿光伏组件上。这块看似朴素的钙钛 ...

济南规上工业企业达到2854家 连续4年跻身全国先进制造业百强市 1月15日，济南市政府新闻办召开济南市高质量完成"十四五"规划主题系列新闻发布会，介绍"十四 五"期间济南工业和信息化发展取得的进展成效。记者从发布会上获悉，截至目前，济南规上工业企业 达到2854家、较"十三五"末净增942家，有效期内专精特新"小巨人"企业203家、专精特新中小企业2612 家、创新型中小企业4096家。济南连续4年跻身全国先进制造业百强市。 "十四五"以来，济南深入实施工业强市发展战略，全力以赴稳增长、释潜力、强动能、优环境，逐 步构建以科技创新为引领、先进制造业为骨干、数实深度融合的具有省会特色的现代化产业体系，各项 工作取得了突破性进展，为全市经济社会高质量发展筑牢坚实产业支撑。 规模总量跨越提升。2024年济南规模以上工业营业收入首次突破万亿元大关、达到10189亿元，工 业经济总量实现历史性突破。2025年1-11月，全市规模以上工业增加值同比增长7.2%，五年年均增长预 计6.7%左右；规模以上工业企业实现营业收入9962.5亿元，同比增长9.2%，工业经济运行稳中有进、韧 性凸显。 作为工业大市，济南直面产业结 ...

围绕传统产业"六化"转型，中国铁建加大推广应用新技术、新工艺、新设备，大幅提高生产效率和质 量，建设了以深中通道、黄茅海跨海大桥、澳门大桥、迪拜蓝天酒店、圭亚那新德梅拉拉河大桥等一批 具有世界影响力的重大工程，基建狂魔的品牌知名度更加响亮。深化"2+4+7"灯塔工厂体系建设，智能 化水平不断提升。大力发展绿色低碳业务，建设了我国首个零碳示范区——海南博鳌零碳示范区。加强 精细化管理，构建覆盖全系统、全环节、全岗位、全领域的全面精细化管理体系，夯实高品质工程建设 基础。推动数字化转型，成立数科公司，全力推进工程项目管理系统建设，突破业务壁垒实现信息化整 合。坚持"海外优先"，境外业务遍布150个国家和地区，时隔半个世纪后重新激活坦赞铁路项目，修建 了欧洲首条高铁匈塞铁路。中国铁建在设计、建造、制造、运营、服务等各项领域形成了核心竞争力， 品牌优势愈加明显。 "十四五"期间，中国铁建（601186）聚焦中长期发展战略中的"六化""五新"发展目标，培育出以"大盾 构、零碳建筑、地下空间、铁建竹基、智慧运营"为代表的一批战新品牌，构建起以传统产业转型和战 新产业（300832）发展互为支撑的特色品牌矩阵，企业影响力和 ...

Core Viewpoint - The 20th Central Committee's Fourth Plenary Session emphasizes the construction of a financial powerhouse as a key component for China's modernization and national rejuvenation, assigning unprecedented historical responsibilities and opportunities to the financial industry [1][2]. Group 1: Financial System Development - The core essence of building a financial powerhouse is to create a modern financial system that is complete in function, stable, efficient, open, and symbiotic with the real economy [2]. - The public fund industry plays an irreplaceable role in optimizing financing structures, promoting innovative capital formation, stabilizing capital markets, and increasing residents' property income [2]. Group 2: Responsibilities and Actions - The public fund industry must align its development with national strategies, focusing on serving the real economy and guiding social capital towards key areas of the national economy [2][4]. - Emphasizing inclusive finance, the industry aims to provide diverse, transparent, and convenient fund products to help residents share in economic growth and capital market benefits [3]. Group 3: Risk Management and Compliance - Financial safety is a cornerstone of national security, necessitating a robust compliance and risk management framework within the fund industry to prevent cross-market and cross-industry risk contagion [3][5]. - The industry must enhance governance capabilities to meet the high standards set for financial institutions, establishing comprehensive risk management systems that cover various types of risks [5]. Group 4: Innovation and Technology - The industry should embrace financial technology transformations, applying advanced technologies like big data and artificial intelligence to improve decision-making efficiency and reduce operational costs [5]. - Continuous investment in research and development is essential to build a stable and professional investment research team, enhancing the industry's core competitiveness [5]. Group 5: Collaborative Efforts - Building a financial powerhouse requires collaboration among regulatory bodies, self-regulatory organizations, market institutions, and investors [6]. - The industry must adopt a long-term development strategy, aligning its goals with national strategic needs and fostering communication and cooperation with other market participants [6].

本报讯(记者王拓李嘉豪)1月13日下午，省长刘小涛在南京会见法国液化空气集团首席执行官傅朗华。 刘小涛对傅朗华一行表示欢迎，感谢液化空气集团对江苏发展的大力支持。在简要介绍江苏经济社会发 展情况后，刘小涛说，当前江苏以科技创新为引领，聚焦制造业智能化、绿色化、融合化方向，深 化"人工智能+"行动，统筹推进传统产业升级、新兴产业壮大、未来产业培育，不断推动经济高质量发 展向新向优，确保实现"十五五"良好开局。希望液化空气集团落地更多新技术新业态新模式，加强绿氢 技术在造船、船运领域的研发应用合作，打造更多绿色低碳标杆项目，共促产业创新、绿色发展。我们 将持续营造市场化、法治化、国际化一流营商环境，为企业提供全方位保障与全生命周期服务。 傅朗华表示，江苏是液化空气集团重点投资的区域。将积极对接江苏发展需求，加快推进在苏项目建 设，不断拓展业务布局，和更多江苏企业携手创新，为江苏高质量发展作出新贡献。 副省长赵岩，省政府秘书长赵建军参加会见。 ...

Core Insights - China State Construction Engineering Corporation (CSCEC) reported a total new contract value of 45,458 billion yuan for the year 2025, reflecting a year-on-year growth of 1.0% [1] - The company achieved a new contract value of 41,510 billion yuan in its construction business, with a year-on-year increase of 1.7% [1] - Infrastructure business contracts amounted to 14,728 billion yuan, growing by 4.1%, while housing construction contracts reached 26,654 billion yuan, with a modest growth of 0.5% [1] - The company’s domestic business totaled 39,253 billion yuan, up 1.4%, while overseas business contracts were 2,257 billion yuan, marking a growth of 6.9% [1] Business Performance - The physical indicators for housing construction included a total construction area of 165,442 million square meters, new construction area of 27,652 million square meters, and completed area of 22,893 million square meters [1] - CSCEC reported a contract sales amount of 3,948 billion yuan in its real estate business, with a contract sales area of 1,509 million square meters [1] - The company ended the year with a land reserve of 69 million square meters, indicating a robust land bank [1] Recent Developments - CSCEC disclosed recent major project acquisitions totaling 320.9 billion yuan, including one housing project and five infrastructure projects [2] - The projects focus on significant infrastructure developments, such as the construction of highways and comprehensive development in economic zones [2] - The year 2026 is seen as a pivotal year for the company and the construction industry, aligning with national strategic directions for high-quality development [2] Future Outlook - CSCEC is expected to leverage its full industry chain advantages and execution capabilities to align with national strategies, initiating a new cycle of high-quality development [2] - The company aims to reshape its development approach through green low-carbon initiatives and intelligent construction, contributing to urbanization and modern industrial system construction in China [2]

双场景精准破圈，搭建零碳生活沟通桥梁 在全球能源革命向深度脱碳迈进的关键阶段，绿色低碳已从宏观政策指引，深度融入经济社会发展的脉 络，成为衡量产业进步与生活品质的核心标尺。近日，TCL光伏科技面向别墅家庭推出的一体化绿电解 决方案"墅野新居"，完成了一次覆盖上海两大国际机场及杭州近百个高端社区的场景化落地，将高端绿 电方案与零碳生活理念精准传递给广大用户，为光伏产业从成本竞争迈向价值竞争注入实践动能。 面向未来，TCL光伏科技将继续秉持绿色初心，深耕家庭能源场景。以创新为驱动，以场景为依托，赋 能更多家庭实现能源自主与低碳转型。同时，也将积极携手行业伙伴，共同构建开放协作、持续创新的 产业生态，为国家"双碳"目标达成与全球可持续发展进程贡献坚实的企业力量。 创新方案加持，打造别墅家庭绿电优选 此次"墅野新居"的广泛传播与普及背后，离不开TCL光伏科技坚实的产品技术与设计理念支撑。别墅家 庭通常对生活场景有着多元化、个性化的品质追求，TCL光伏科技"墅野新居"以创新方案为核心，依托 高效光伏组件与智慧储能设备，通过定制化设计服务，在保障用电安全与稳定的基础上，显著提升家庭 能源自给率，构建起切实可行的"家庭零碳 ...

Investment Rating - The investment rating for the company is "Buy" with an expected relative increase of over 15% in the next 6-12 months compared to relevant market indices [38]. Core Insights - The company is actively developing green, low-carbon, and long-life products, enhancing its recycling capabilities, aligning with the industry's trend towards sustainable development [2][30]. - The company has established itself as a leading enterprise in refractory materials in Hebei province, leveraging its geographical advantages in Tangshan, which is the largest steel production city in China [27][29]. - The company has reported revenues of 937.5 million yuan in 2022, 984.4 million yuan in 2023, and a projected 904.7 million yuan in 2024, with year-over-year growth rates of 9.86%, 5.00%, and -8.09% respectively [5][9]. - The company has a strong focus on research and development, holding 33 invention patents and 52 utility model patents, contributing to its innovative product offerings [8]. Summary by Sections Company Overview - The company specializes in high-temperature industrial refractory materials and provides comprehensive solutions including design, manufacturing, installation, and maintenance [8][14]. Financial Status - The company achieved revenues of 9.37 billion yuan in 2022, 9.84 billion yuan in 2023, and 9.05 billion yuan in 2024, with net profits of 0.40 billion yuan, 0.84 billion yuan, and 0.71 billion yuan respectively [5][9]. - For the first three quarters of 2025, the company reported revenues of 7.87 billion yuan, a 21.18% increase year-over-year [9]. Industry Situation - The refractory materials industry has been evolving towards green and innovative solutions, driven by policies aimed at energy conservation and emissions reduction [15][19]. - The demand for refractory materials is primarily driven by the steel industry, which accounts for approximately 65% of total usage [20]. Company Highlights - The company has developed several high-performance and environmentally friendly products, including chromium-free materials and low-carbon refractory products, which significantly reduce energy consumption [2][30]. - The company has established long-term partnerships with over 30 well-known steel enterprises, enhancing its market position [8][27]. Fundraising Projects - The company plans to invest in three projects through its IPO, including a technology upgrade for sliding water nozzle production, an automated production line for magnesium-carbon bricks, and a recycling line for refractory materials [31][32][33].

2025年，在中国贸促会的支持以及湖北省委、省政府的坚强领导下，湖北省贸促会坚持以习近平新时代 中国特色社会主义思想为指导，深入学习贯彻党的二十届四中全会精神，认真贯彻落实习近平总书记考 察湖北重要讲话精神，落实中国贸促会"协同发展年"工作部署，立足湖北加快建成中部地区崛起的重要 战略支点实际，担当作为、锐意进取，各项工作实现多点突破、创新发展。 品牌活动出新出彩 在中国贸促会的指导帮助下，第三届链博会期间，湖北搭建全场唯一人形机器人全产业链主题展区，举 办湖北省人形机器人产业链对接会，多家人形机器人企业发布最新技术和产品，达成多项战略合作协 议；同时组织企业参展"六链一区"，指导市州开展专题活动。中国贸促会会长任鸿斌巡视专题展区，湖 北省贸促会荣获金牌组织单位。任鸿斌还专程赴湖北调研，出席第四届链博会湖北推介会暨签约仪式， 就湖北企业参加链博会、拓展国际合作开展实地调研。组织百人团组出访日本、韩国，利用世博会最高 国际舞台，全面展示湖北开放发展成就，推动湖北省与世博会参展国家多层次交往合作，达成40多个合 作意向，成功签约项目金额3.2亿元。组织50余人代表团赴瑞士举办第二届"两湖对话"，并在瑞士、意 大利 ...