Core Insights - The core viewpoint of the article emphasizes the significant role of medium and high-voltage variable frequency drives (VFDs) in industrial production, driven by China's "dual carbon" strategy and policy support, leading to a rapid growth in the industry [2][11]. Group 1: Industry Overview - Medium and high-voltage VFDs are crucial for adjusting motor speed and operational status to meet various process requirements, commonly used in fans, water pumps, and compressors [2][6]. - The market size of China's medium and high-voltage VFD industry is projected to grow from 10.8 billion yuan in 2017 to 21.6 billion yuan in 2024, with a compound annual growth rate (CAGR) of 10.41% [2][11]. - The demand for medium and high-voltage VFDs is expected to remain stable due to ongoing industrial upgrades and increasing digitalization needs [2][11]. Group 2: Industry Chain - The upstream of the medium and high-voltage VFD industry includes raw materials and components such as transformers, IGBTs, capacitors, resistors, cabinets, PCB materials, and heat sinks [8]. - The midstream involves the manufacturing of medium and high-voltage VFDs, while the downstream encompasses application fields including power, petrochemicals, building materials, coal, and metallurgy [8]. Group 3: Key Components - Medium and high-voltage VFDs typically consist of several key components: input transformer, rectifier unit, DC intermediate circuit, inverter unit, and control unit [6][7]. - The input transformer converts high voltage from the grid to a suitable level for the rectifier unit, providing electrical isolation and reducing grid harmonics [7][9]. Group 4: Market Dynamics - The rapid growth in China's industrial power generation, from 6,275.82 billion kWh in 2017 to 9,418.1 billion kWh in 2024, reflects a CAGR of 5.97%, driving the demand for medium and high-voltage VFDs [11]. - The total electricity consumption in society is also on the rise, increasing from 6,307.7 billion kWh in 2017 to 9,852.1 billion kWh in 2024, with a CAGR of 6.58% [11]. Group 5: Related Companies - Relevant listed companies in the medium and high-voltage VFD sector include Invt (002334), Huichuan Technology (300124), Hekang New Energy (300048), and others [3].

近期，各地高质量发展实践多点开花。各领域从科技赋能传统到绿色引领发展，从基建攻坚到产业升级，全方位展现新时代发展的多元活力与坚 实步伐。 ■上海科技馆升级改造迎马年 近日，全球首部生肖动物巨幕电影《马到功成》在上海科技馆内巨幕影院举行首映。该屏幕融合4K、3D、高帧率等多项技术，同时也应用了中 影集团新一代的CLED透声屏方案。 ■渝昆高铁华山松隧道贯通 记者从京昆高铁西昆公司获悉，由中铁十二局承建的渝昆高铁控制性工程华山松隧道1月10日实现安全贯通，为全线建成开通奠定了坚实基础。 渝昆高铁全线建成通车后，重庆到昆明的行车时间将压缩至两个半小时左右，对推动沿线地区经济社会高质量发展具有重要意义。 ■"AI+微专业"助力云南楚雄彝绣产业现代化发展 近年来，云南楚雄彝族自治州采用"AI+微专业"模式，助力彝绣产业现代化发展。在楚雄师范学院彝绣现代产业学院的教室里，学生们正通过AI 设计系统学习彝绣图案的智能生成与优化。 目前，上海科技馆科学影城内的巨幕、球幕等主要影院均已完成改造，并已加入商业院线。地下一层影院区域与室外广场将实现常态化开放。 测算显示，该项目每年可提供32万吉焦的清洁热量，满足大量居民的冬季供暖 ...

环保方面，新厂区随处可见的环保设施彰显着企业可持续发展理念。昊源化工与华东理工大学化工学院 合作的废水零排放优化改造项目，将废水中有机物含量降低80%，废盐资源化利用率提升至95%，为化 工行业绿色转型提供了创新方案。 在企业搬迁的关键期，昊源化工得到了政府全方位的政策扶持。阜阳市工信局创新"新厂建成一个、老 厂搬迁一个"的"小步快跑"模式，既保障了生产不断档，又实现了老厂区平稳停产。 在新厂区，智能化生产成为常态。记者在中央控制室看到，巨大的电子屏上实时显示着各条生产线的运 行数据，这里集成了SIS安全仪表系统、AMS设备管理系统等多套智能平台，实时感知生产全流程，大 幅提升了生产效率和管理水平。 在产业升级的赛道上，昊源化工更是跑出了加速度。"退城入园"过程中，企业大力发展化工新材料、高 端化学品、精细化工等新型化工产业，项目总投资超过180亿元。其中，昊源化工吗啉系列产品产能跃 居亚洲第一；自主研发的二甘醇胺填补了国内空白，纯度达99.9%；年产60万吨瓶级聚酯项目和年产40 万吨尼龙66(一期)项目的投产，均填补了安徽省空白。 从2016年到2025年，安徽昊源化工集团有限公司(以下简称昊源化工)营收 ...

在产业升级的赛道上，昊源化工更是跑出了加速度。"退城入园"过程中，企业大力发展化工新材料、高 端化学品、精细化工等新型化工产业，项目总投资超过180亿元。其中，昊源化工吗啉系列产品产能跃 居亚洲第一；自主研发的二甘醇胺填补了国内空白，纯度达99.9%；年产60万吨瓶级聚酯项目和年产40 万吨尼龙66(一期)项目的投产，均填补了安徽省空白。 从2016年到2025年，安徽昊源化工集团有限公司(以下简称昊源化工)营收从33.97亿元飙升至201.6亿 元，利润从1.69亿元跃升至13.6亿元，增速远超行业平均水平。这组数据背后，是这家老牌化工企业用9 年时间完成的"蜕变"——从传统煤化工企业向精细化工、新材料企业的华丽转身。 不久前，记者跟随国家危化品生产企业搬迁改造专项工作组走进昊源化工新园区，"绿色化工美好生 活"的标语在蓝天白云下格外醒目，中央控制室电子屏上跳动的数据，诉说着这家老牌化工企业的"新 生"。而25千米外，曾承载40余年记忆的老厂区已完成退城入园搬迁验收。新旧对比间，记录着企业发 展的时代变迁。 随着阜阳市城市化进程加速，曾经位于城郊的企业逐渐被新建的居民区包围。高耸的烟囱与居民楼阳台 仅隔百米 ...

Core Viewpoint - During the "14th Five-Year Plan" period, China's economy is expected to enter a transformation phase dominated by new quality productivity, with a downward shift in growth center and intensified external geopolitical competition [1] Group 1: Investment Focus Areas - Industry investment will concentrate on four main lines: technology self-reliance driven by new quality productivity, green transformation during the carbon peak battle, the silver economy driven by an aging population, and strategic resource allocation under the coordination of development and security [1] - Non-ferrous metals are expected to maintain strong performance, with gold being a core safe-haven asset under the "de-dollarization" pricing logic, while copper and aluminum will benefit from energy transition and supply constraints [1] Group 2: Asset Allocation Strategy - The asset allocation strategy suggests a dual-peak approach: defensive allocation in high-dividend assets (such as hydropower, telecommunications operators, and state-owned banks) to secure stable cash flow returns [1] - Offensive allocation should focus on hard technology growth assets (including semiconductor equipment, industrial software, and humanoid robots) to capture excess returns from domestic substitution and industrial upgrading [1]

Group 1 - The article highlights the ongoing construction projects in Zunyi City, emphasizing the efforts to overcome challenges and accelerate timelines for the "14th Five-Year Plan" [3] - A series of projects nearing completion are expected to drive industrial upgrades, enhance public welfare, and promote agricultural development, contributing to high-quality growth in Zunyi [3] Group 2 - The construction site of the Guizhou Diaoyutai National Guesthouse Liquor Industry Co., Ltd. is mentioned, indicating active investment in the liquor industry [2] - The G653 Yangxikou to Xinmin Highway and the Dongkala Bridge construction site are also highlighted, showcasing infrastructure development in the region [4]

Core Insights - Shaanxi province is witnessing a transformation in its capital market, shifting from resource-driven growth to innovation and technology-driven development, with a focus on high-tech industries and global competitiveness [1][2][3] Group 1: Company Developments - As of January 12, 2026, Shaanxi has 84 A-share listed companies, with over half being high-tech enterprises, which are crucial for high-quality development [2] - Notable companies such as Kangtuo Medical, Nova Star Cloud, Tongli Co., and Lite Optoelectronics are emerging as leaders in their respective niches, focusing on advanced R&D and global market strategies [1][2] - Kangtuo Medical's PEEK materials are registered in nearly 40 countries, while Nova Star Cloud serves over 4,000 clients with its video solutions, showcasing the global reach of Shaanxi enterprises [2] Group 2: R&D and Investment - In 2024, the total R&D investment of A-share listed companies in Shaanxi exceeded 12 billion yuan, with an average R&D intensity of 8.75% among Sci-Tech Innovation Board companies, ranking among the top in the country [2] - The focus on high R&D intensity reflects a long-term commitment to innovation, positioning these companies for future market leadership [2][3] Group 3: Strategic Direction - Shaanxi companies are increasingly adopting a global perspective, not only expanding their markets but also exporting technology standards and brand value [2] - The development path for these companies involves overcoming technical barriers through sustained R&D, leading to market breakthroughs and ultimately enabling them to compete globally [3][4] Group 4: Innovation Ecosystem - The growth of Shaanxi's capital market is supported by initiatives like the "Qin Chuang Yuan" innovation platform and reforms in technology transfer, facilitating the conversion of academic research into industrial applications [4] - There are over 520 key listed companies in Shaanxi, with 96.54% being technology-oriented, indicating a robust pipeline of future growth in sectors like aerospace, semiconductors, and advanced materials [4]

本报讯（西海新闻记者 周建萍）1月8日，西宁（国家级）经济技术开发区出台《2026年帮助企业纾困 解难行动计划》。计划通过政策支持、要素保障、环境优化、创新驱动、产业升级、市场拓展"六大组 合拳"，叠加产业自律、金融赋能等多元举措协同发力，切实为企业纾困解难、赋能增效，为区域经济 持续健康发展提供坚实支撑。 为此，西宁开发区将搭建惠企政策"一站式"服务平台，减税降费、贴息资金等政策精准推送、快速兑 现，确保企业应享尽享。建立重点企业能源保障清单，协调电力、燃气稳定供应，支持电力直接交易， 助力企业降本增效。 深化"高效办成一件事"改革，实现"区内事、区内办""有诉必应马上办"，让企业办事更便捷；构建项目 全过程服务体系，上下协同、左右联动，以高质量项目支撑高质量发展；优化招商引资鼓励清单与机会 清单，创新多元招商模式，打造更具吸引力的产业生态。支持企业建设重点实验室、技术中心，攻关关 键核心技术；深化跨区域科技合作，加速科技成果转移转化，推动产业链与创新链深度融合；支持企业 技术改造与数字化、智能化转型，培育智能工厂、数字化车间，激活发展新潜能。 组建光伏产业发展联盟，引导企业理性投资、有序生产，避免恶性竞争 ...

关于全资子公司购买资产的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗漏，并对其内容 的真实性、准确性和完整性承担个别及连带责任。 股票代码：601388 股票简称：怡球资源 编号：2026-001号 怡球金属资源再生（中国）股份有限公司 一、交易概述 公司的全资子公司Metalico,Inc（以下简称"M公司"）深耕于资源再生领域的技术创新和产业升级，核心 聚焦两大板块：汽车专业化拆解和金属废料的高值化回收。公司通过精细化、智能化的拆解技术，从报 废车辆及各类废料中，精选出可再次售卖的二手汽车零配件，同时精准提取高品质再生钢铁、有色金属 以及部分贵金属。 M公司所有经营及生产活动均位于美国境内，下游销售市场亦高度聚焦美国本土。公司已在美国东部五 大州建立了二十余个回收网点，形成了区域性的回收网络与处理能力。 为进一步拓展原材料回收的辐射半径、强化规模效应，并巩固公司在金属回收与汽车拆解领域的长期核 心竞争力，M公司近日与 SA RECYCLING LLC （以下简称"SA公司"）和SA公司控股子公司 PSC METALS,LLC(以下简称"PSC公司"）签订了《资产购买协 ...

上海科学技术交流中心主任段晓阳说，在迈向科技自立自强的关键时期，必须将金融智慧与科技创 新深度融合，打造兼具科技素养、金融思路和管理能力的创新人才。 中欧国际工商学院经济学教授兰小欢带来"新年第一课"，深度解读中国经济的"旧故事"与"新故 事"。兰小欢从宏观经济与制度演进的视角，系统分析了2025年全球经济与中国的关键发展脉络，并对 未来的经济趋势作出展望。他指出，理解中国经济发展需超越传统企业视角，洞察其背后独特的产业生 态与国家能力。中国经济的优势在于其独特的工业生态，中国的发展模式正从"产品输出"向"体系扩 散"演进。大规模的基础设施建设创造了可传承的公共资产和广泛的发展机会，不仅实现了包容性增 长，也为整个经济系统提供了强大的支撑和调控能力。 站在2026年的开端，论坛围绕全球经济波动下中国产业结构的演变与调整，深入探讨智能制造、新 能源、生物医药等前沿领域的未来趋势，并与来自产业与投资一线的思想者共同展望新一轮增长的动力 来源。 中欧国际工商学院院长、横店集团管理学教席教授汪泓表示，当前全球经济发展正处于关键转折阶 段，科技创新已成为推动经济高质量发展的核心驱动力。在这个充满考验的局势中，中国经济以 ...