版式设计：汪哲平 《 人民日报 》（ 2025年12月23日 03 版） (责编：白宇、卫嘉) 从千年古都西安到草原明珠阿斯塔纳，两届中国—中亚峰会成功举行，推动六国合作欣欣向荣，在逐梦 现代化之路上偕行致远。在采访中亚人士时，高质量共建"一带一路"被频频提及。中吉乌铁路项目正线 工程进入实质性施工阶段，哈萨克斯坦"双西公路"项目群使霍尔果斯至阿拉木图的车程缩短约两小时， 亚湾—瓦赫达特铁路桥隧道的贯通让塔吉克斯坦南北变为通途，中国企业在土库曼斯坦修建各类道路超 过1000公里……实打实、沉甸甸的成果，广泛惠及地区各国人民。中国—哈萨克斯坦传统医学中心开 诊，中哈、中乌实现互免签证，中亚国家旅游年、文化年、艺术节在中国广受欢迎，中国同中亚友城突 破100对……心与心的距离越来越近，世代友好的理念更加深入人心。 在第二届中国—中亚峰会上的主旨发言中，习近平主席引用一句中亚谚语："和睦与团结就是幸福与财 富。"渴望来华留学的哈萨克斯坦姑娘达丽瓦对我说："我的未来就在哈中友好关系之中。"中国同中亚 国家的和睦与团结，关乎和平与发展，关乎地区现代化发展，更关乎双方十几亿人民的福祉。这正是弘 扬"中国—中亚精神"、致力 ...

Core Points - The China-Kyrgyzstan-Uzbekistan railway project was officially launched on December 27, 2024, in Jalalabad, Kyrgyzstan, with significant attention from the leaders of the three countries involved [2] - Chinese President Xi Jinping emphasized the strategic importance of the railway for regional connectivity and prosperity, aiming to make it a new demonstration project of the Belt and Road Initiative [2] - The project is expected to enhance cooperation among Central Asian countries and provide substantial benefits to the local populations along the railway [3] Group 1 - The railway will connect Xinjiang, China, to Andijan, Uzbekistan, passing through Kyrgyzstan, and is seen as a vital transportation artery for Central Asia and the broader Eurasian continent [3] - The construction of the railway is challenging due to its mountainous terrain, requiring significant technical expertise and collaboration among the three countries' teams [3][5] - The project aims to improve the living standards of local communities by providing easier access to transportation and tourism opportunities [3] Group 2 - The construction includes key projects such as three tunnels in Kyrgyzstan, each over 10 kilometers long, which are critical for the railway's progress [5] - The project team is committed to balancing construction with ecological protection, ensuring that the railway route avoids natural reserves while meeting technical requirements [5] - The railway is anticipated to open new avenues for economic development and cultural exchange among the three nations once completed [3][5]

Core Viewpoint - The company is committed to high-quality development and has achieved significant results in various fields, including production operations, reform transformation, innovation-driven growth, green development, and party building, amidst a complex domestic and international environment [1] Group 1: Business Performance - The company has maintained strategic stability and achieved revenue growth despite challenging international conditions, with total revenue and profit increasing by 18.5% and 8.4% respectively during the "14th Five-Year Plan" compared to the "13th Five-Year Plan" [2] - The asset-liability ratio has steadily decreased, and the capital structure has continuously improved, indicating enhanced development quality alongside scale growth [2] - The revenue share of strategic emerging industries has risen from 0.94% in 2022 to 3.93% in the first half of 2025, demonstrating a firm pace in the transition from old to new growth drivers [2] Group 2: International and Domestic Market Strategy - The company has solidified its position in international engineering contracting, signing over 200 overseas projects with a total contract value of $2.4 billion in the past five years [3] - The company has successfully entered new markets, such as Armenia, and has achieved significant export and import volumes, particularly in pesticides and oils [3] - The domestic engineering sector has expanded its national layout, signing contracts worth approximately 54 billion yuan during the "14th Five-Year Plan" [3] Group 3: Contribution to National and Local Development - The company has integrated its development into national and provincial strategies, contributing to the construction of the China-Arab (UAE) capacity cooperation demonstration park, which covers 2.2 square kilometers and includes 14 signed projects [4] - The company has effectively supported provincial government investment projects, with a total investment of 54.9 billion yuan across 206 projects, all delivered without exceeding budget or timeline [4] - The company has played a significant role in improving housing conditions for nearly 850,000 residents through its financing platform for urban renovation, investing 141.4 billion yuan [4] Group 4: Innovation and Technology Development - The company has established a three-tier management structure for technological innovation, maintaining double-digit growth in R&D investment for several years [5] - Collaborations with universities have led to breakthroughs in key technologies, such as the industrialization of bio-based polyurethane coatings [5] - The company has accelerated its digital transformation and has been recognized as a best practice case in the construction industry's internet development [5] Group 5: Green Development Initiatives - The company is committed to ecological and green development, participating in multiple national and provincial green demonstration projects and achieving LEED certification for its projects [6] - It has taken the lead in exploring ESG system construction among provincial enterprises and has contributed to carbon neutrality goals through various initiatives [6] - The company has established a provincial-level construction resource recycling platform to address construction waste management [6] Group 6: Organizational Reform and Governance - The company has advanced state-owned enterprise reforms, with several cases recognized as provincial models, and has optimized its organizational structure [8] - The implementation of market-oriented management mechanisms has enhanced operational vitality, with comprehensive management reforms underway [8] - The company has established a robust compliance and governance framework, becoming the first in the provincial state-owned system to pass ISO37301 compliance certification [8] Group 7: Party Building and Corporate Culture - The company emphasizes the integration of party building with business operations, achieving recognition for its contributions to various sectors [9] - It has fostered a strong corporate culture and increased the proportion of young talent within its workforce [9] - The company has implemented strict party governance measures to ensure a clean political environment, supporting its long-term stability and growth [9]

中新网南宁12月22日电(黄令妍)12月22日，由广西贸促会与巴基斯坦驻广州总领事馆共同举办的"桂通 五洲(亚洲站)"广西—巴基斯坦经贸合作交流会在广西南宁举行，旨在进一步拓展广西与巴基斯坦在经 贸投资等领域的交流与合作。 图为广西 —巴基斯坦经贸合作交流会现场。广西贸促会 供图 "桂通五洲"是广西贸促会推动桂企桂品拓展国际合作的对外交流品牌，2025年以来，已举办日本、埃塞 俄比亚、巴西、以色列、沙特阿拉伯、刚果(金)等国别专场活动，促进中外企业务实合作。本次交流会 是广西深化与"一带一路"共建国家经贸交流的有力举措。(完) 巴基斯坦驻广州总领事馆代表围绕该国投资环境进行专项推介。巴基斯坦奶制品协会及相关企业、广西 多家企业代表分别介绍各自业务发展情况和合作需求。 广西贸促会会长杨雁雁表示，中国和巴基斯坦是山水相连的好邻居、互帮互助的好伙伴。近年来，双方 鼓励两国贸促机构与商协会加强合作，深化工商界交流，进一步推动两国企业务实合作。广西与巴基斯 坦在经贸、农业、科技等领域交流合作不断深化，进出口总额不断增长。 ...

Core Viewpoint - The company, Yinlong Co., Ltd., is focusing on the development of its two core industries: prestressed materials and concrete products for rail transit, while also expanding into high-end equipment manufacturing and information technology, with a strategic emphasis on new energy business [1][2][4] Group 1: Business Performance - As of June 30, 2025, the prestressed materials industry achieved revenue of 1.158 billion yuan, a year-on-year increase of 8.12%, accounting for 78.58% of total revenue, indicating stable growth in traditional business [1] - The rail transit concrete products industry generated revenue of 213 million yuan, with a slight year-on-year increase of 0.04%, representing 14.45% of total revenue, driven by ongoing national railway and urban rail transit construction [1][2] Group 2: Strategic Initiatives - The company has established a network of ten industrial bases across key strategic areas in China, enhancing its regional supply system for rail products through a combination of wholly-owned and joint ventures [2] - Yinlong Co., Ltd. is actively participating in major national railway projects, including the Xiongshan High-speed Railway and the Beijing-Shanghai High-speed Railway, which strengthens its competitive advantage in technology, product quality, and service network [2][3] Group 3: International Market Development - The company has been expanding its international market presence since the 1990s, exporting prestressed materials to over 90 countries, with plans to optimize its product structure and increase high-performance product exports [3] - The rail transit concrete products and related equipment sector is focusing on technological upgrades and regional layout, maintaining good profitability, especially in overseas markets where the gross margin is higher than domestic [3] Group 4: Future Outlook - The company expresses confidence in its performance growth over the next three years, driven by product structure optimization in the prestressed materials sector and continued order acquisition in the rail transit concrete products sector [4] - The steady advancement of the new energy business is expected to contribute additional growth points to the company's overall performance [4]

汽车零配件、医药品、船舶等出口保持强势。主要出口商品中，汽车零配件、纺织服装、集成电路、医 药材及药品、船舶分别增长12.6%、6.9%、6.5%、35.6%、155.3%。 对共建"一带一路"国家出口增长7.8%，占比近6成。主要出口伙伴中，对共建"一带一路"国家出口 7697.0亿元、增长7.8%、占58.3%。对东盟、欧盟、非洲、南美洲出口分别增长4%、4%、32%、 13.7%。 新京报讯(记者吴婷婷)据北京海关统计，前11个月京津冀区域出口1.32万亿元、同比增长5.9%，创历史 同期新高。 京津冀区域民营企业出口6259.4亿元、增长16.1%，已超去年全年水平，首次突破6000亿元，占同期京 津冀出口总值的47.4%。 ...

Core Viewpoint - The article emphasizes the deepening cooperation between Africa and China in information and communication technology, digital infrastructure, and emerging technologies, which is expected to inject new momentum into Africa's economic and social development [1]. Group 1: Economic Impact - Emerging technologies such as the Internet of Things, big data analytics, and artificial intelligence present opportunities for Africa to leverage these advancements and reliable tech partnerships to drive socio-economic transformation [1]. - By 2030, these technologies are projected to contribute approximately $1.5 trillion to Africa's economic growth [1]. Group 2: Cooperation Framework - The partnership between Africa and China is expanding across government sectors and major telecommunications and mobile communication enterprises, effectively bridging the digital divide and promoting inclusive economic participation and growth [1]. - China has become Africa's largest trade and development partner, actively promoting global southern development through initiatives like the Belt and Road Initiative and the Forum on China-Africa Cooperation [1]. Group 3: Infrastructure Development - Chinese government and enterprises play a crucial role in building communication infrastructure in Africa, including the construction of communication backbone networks and fiber optic networks, which support sectors such as healthcare, education, and financial services [1]. - Collaboration extends to renewable energy and sustainable agriculture, with joint laboratories and research centers established to enhance scientific cooperation and support the training of local tech talent in Africa [1]. Group 4: Future Outlook - The cooperation between China and Africa is vital in bridging the digital divide, and both parties should further deepen technological collaboration as a key area for promoting sustainable socio-economic transformation and modernization in Africa [2].

新华社昆明12月22日电 题：不修路少砍树，百亩雨林保住了——中老电力联网工程建设上演"高空芭蕾" 新华社记者赵珮然 中老500千伏联网工程（国内段）建设正稳步推进。这样的画面几乎每天都会在雨林出现——塔材从空中"飞"来，象群从林间穿行。 多花约1000万元 少破坏103亩雨林 中老500千伏联网工程是中国和老挝继中老铁路之后，深化务实合作、共建"一带一路"的又一标志性工程，其国内段于2025年6月30日正式开 工建设。作为纳入中老命运共同体行动计划的重大工程，项目计划于2026年竣工，可实现150万千瓦双向电力互济，每年输送约30亿千瓦时清洁电 力。 工程启动之初，建设者们就遇到了难题。线路需穿越大面积热带雨林，途经西双版纳国家级自然保护区、罗梭江鱼类州级自然保护区等生物 多样性富集区域，这里不仅是亚洲象的重要栖息地，还分布着望天树等珍稀植物。 "如果采用传统施工方案，需要修建超过30公里施工道路，架设15条运输索道。"南方电网云南电网建设分公司中老联网工程项目部副经理付 卫斌指着施工图纸说，初步估算将永久占用林地103亩，临时占地超过8万平方米，需砍伐树木3万余棵。 当团队把这组数据摆在桌面上时，现场一度 ...

Group 1 - The core viewpoint of the article highlights that Jiangxi's import and export to ASEAN increased by 36.6% in the first 11 months of the year [1] - Jiangxi's total foreign trade value reached 440.61 billion yuan, reflecting a growth of 2.8% [2] - The main trade partners for Jiangxi are ASEAN, Hong Kong, and the EU, with respective growth rates of 36.6%, 1.8%, and 4.3% [1] Group 2 - The import and export value to countries involved in the Belt and Road Initiative was 241.53 billion yuan, marking a growth of 13.9% [1] - The electronic information industry, a key pillar for Jiangxi, saw an import and export value of 152.91 billion yuan, growing by 4.7% [1] - Exports of lithium batteries surged by 54%, while other major products like flat panel display modules and printed circuits also showed significant growth [1] Group 3 - The automotive industry in Jiangxi experienced accelerated growth, with import and export values reaching 24.63 billion yuan, an increase of 24% [1] - Exports of automobiles and auto parts grew by 23.2% and 61.9%, respectively [1] - The cumulative import and export value of production-oriented enterprises in Jiangxi was 356.93 billion yuan, reflecting a growth of 4.4% [1]

执业证书编号：S1410524040001 江省资本市场跟踪双周报— （2025.11.23-2025.12.6) – 2025.12.08 2. 江海证券-黑龙江省资本市场跟踪-黑龙 江省资本市场跟踪双周报— （2025.11.9-2025.11.22）– 2025.11.24 3. 江海证券-黑龙江省资本市场跟踪-黑龙 江省资本市场跟踪双周报— （2025.10.26-2025.11.8） – 2025.11.10 4. 江海证券-黑龙江省资本市场跟踪-黑龙 江省资本市场跟踪双周报— （2025.10.12-2025.10.25） – 2025.10.29 5. 江海证券-黑龙江省资本市场跟踪-黑龙 江省资本市场跟踪双周报— （2025.9.21-2025.10.11） – 2025.10.14 黑龙江省资本市场跟踪双周报 — — （2025.12.7-2025.12.20） 证券研究报告·黑龙江省资本市场跟踪报告 2025 年 12 月 22 日 江海证券研究发展部 机械军工行业研究组 分析师：张诗瑶 投资要点： 江海证券有限公司及其关联机构在法律许可的情况下可能与本报告所分析的企业存在业务关系，并且继 ...