本报记者 肖艳青 养殖场内，智能饲喂系统实现猪群的精准投喂，巡检机器人自主巡检，集控大屏闪烁着各项生产数据——曾经手持铲勺的 饲养员，如今正紧盯着屏幕，化身掌控全局的"数据监管员"。这不仅是生产场景的转换，更是我国养殖业在阵痛中开启深层变 革的直观呈现。 当前，养殖业正在经历洗牌，行业竞争逻辑也加速改变：从一味追求规模扩张，转向对质量效益与全球资源整合能力的比 拼。在此背景下，头部企业以智能化革新练内功、以全球化布局谋外拓，"内外兼修"加速锻造穿越周期、决胜未来的新引擎。 产能调控成共识 今年以来，我国生猪价格处于下跌趋势。中国养猪网数据显示，12月12日，生猪（外三元）价格为11.45元/千克，同比下 降27.85%，环比下降3.94%。生猪价格的持续下探，使得多家企业宣布中止或延期生猪养殖项目。 "这两年，我们公司接到的焊接猪栅栏的订单明显减少了。"某焊接设备制造企业负责人向《证券日报》记者表示，这类产 品主要用于新建规模化养猪场的配套建设，订单下滑反映出生猪养殖行业新增产能放缓的情况。 面对挑战，产能调控与行业自律成为推动行业走出困局的关键路径。 今年以来，农业农村部等有关部门多次召开生猪产能调控座谈会 ...

（记者 曾健辉） 每经AI快讯，有投资者在投资者互动平台提问：机器人镁铝合金结构产品送样是否顺利？请问今年是 否有分红给投资者呢？企业上市融资，增发融资，是否有业绩回报呢？ 鑫铂股份（003038.SZ）12月12日在投资者互动平台表示，公司镁铝合金产品已经打样并送样。公司薪 酬政策坚持与岗位价值相匹配的基本原则，根据不同类别岗位制定相应的薪酬等级体系，根据其管理能 力、专业技能水平确定对应的薪酬。同时，公司地处滁州下辖的县级市，比较偏远，因此也将人才作为 推动企业发展的第一要素，积极提升薪资福利的竞争性，能够吸引更多的优秀人才，通过工资和奖金、 绩效、福利等激励性的设计激发员工工作积极性。公司一直高度重视股东回报，努力通过分红或者送股 等方式回馈股东，后续会结合经营和现金等情况认真研究今年是否进行分红。公司借助资本市场，营业 收入从2021年的26亿增长至2024年的86亿，公司规模增长迅速，虽然短期受行业周期影响，但公司管理 层核心策略依旧是聚焦双赛道，不断降本增效，优化业务结构，强化现金流管理，尽快扭转当前不利的 局面，更好的回报投资者。 ...

证券日报网讯 12月12日，维信诺（002387）在互动平台回答投资者提问时表示，公司盈利与产品结 构、售价、产线良率、稼动率密切相关，同时受市场供需及供应端价格变化等诸多因素影响。 AMOLED渗透率和市场规模仍在持续提升，公司现有产线产能适配市场发展需求。未来，公司将通过 优化产品结构、材料本土化、优化融资结构等方式不断降本增效，力争提升经营业绩。 ...

证券日报网讯12月12日，方大特钢（600507）在互动平台回答投资者提问时表示，公司降本增效工作体 现在采购、生产、销售、经营管理等各方面、各环节，公司将持续创新、完善管理、发挥干部员工的积 极性，推动降本增效工作不断深入。 ...

Core Insights - The article discusses the challenges faced by the post-2000 generation entering the workforce, particularly in large internet companies, highlighting the limited high-quality job opportunities available to them [4][15]. - It emphasizes a shift in mindset among these young workers, who view jobs more as life experiences rather than mere means of survival, leading to a more pragmatic approach to their careers [4][10]. Group 1: Job Market Dynamics - Many post-2000 graduates are finding that high-paying positions often come with excessive workloads, leading to a realization that their effective hourly wage may be lower than expected [9][10]. - The job market for traditional roles, such as operations, remains saturated, while positions in AI and technology are growing but require specific skills and qualifications [4][32]. - The competitive landscape is further complicated by older employees blocking advancement opportunities and younger, cheaper interns entering the workforce [17][21]. Group 2: Employee Perspectives - Employees like Yezi and Ganlan express a sense of disillusionment with their roles, recognizing that despite the allure of working for a prestigious company, the actual work can be mundane and unfulfilling [10][12]. - Ganlan's decision to leave a high-profile job for a smaller company reflects a desire for personal growth and a more meaningful work experience, rather than just a prestigious title [14][30]. - The article notes that many young workers are aware of the limited career progression in large firms, leading them to seek alternative paths that offer better work-life balance and personal satisfaction [18][31]. Group 3: Future Outlook - The article suggests that while large companies are transitioning to more stable operations, the opportunities for new graduates are becoming increasingly competitive, particularly in high-skill areas like AI [32][33]. - The overall sentiment among young workers is one of caution, as they navigate a job market that is both promising and daunting, with many fearing the long-term implications of their career choices [30][31].

证券日报网讯 12月12日，天康生物（002100）在互动平台回答投资者提问时表示，公司生猪养殖业务 的月度利润，主要取决于销售均价与生猪完全成本之间的差额。而生猪销量的增长反映了公司生产计划 的正常执行和市场供应的稳定性。在生猪销售价格低于完全成本的时期，销量增长确实可能导致亏损总 额增加。但另一方面，销量的稳定增长是实现规模效应、分摊固定成本的基础之一。面对行业周期压 力，公司的核心策略是"降本""增效"，具体措施包括但不限于优化饲料配方、提升养殖效率、加强健康 管理等，以持续降低生猪完全成本，力求在市场低迷时减少亏损，或获得比较优势。公司管理层当前的 首要任务是努力降低成本，穿越周期，为未来价格回暖时的盈利打下坚实基础。 ...

修旧利废行动是鲁迈拉公司向管理要效益、以技术挖潜力的一次生动实践，是推动生产方式向绿 色、循环、低碳转型的战略举措，培育了全员厉行节约、精益管理的企业文化。 在鲁迈拉油田作业区，电缆是保障井下电泵机组电力稳定输送的关键材料，消耗量巨大且价格高 昂。通常电泵井作业起出来的旧电缆及新电缆短截往往被列为待报废物资。鲁迈拉公司转变思路，让这 些"沉睡"的资产"苏醒"。 经过相关部门人员数十次的交流讨论，公司电泵管理团队牵头建立了规范的新电缆短截利用和旧电 缆回收检测与分类流程。根据规范流程，专业技术人员对旧电缆进行严格的绝缘性能、导电性能及外观 完好度检测后，将其分为可直接复用、维修后可用及不具备利用价值等等级。对于不同等级的旧电缆， 采用相应的方法进行修复处理，经检测合格后入库待用。目前，对新电缆短截的利用和旧电缆的回收利 用取得了初步成效，并在持续推进中。下一步，公司将进一步深化修旧利废行动。 中国石油网消息（通讯员 李志国 记者 李小松）今年年中以来，鲁迈拉公司大力实施修旧利废专项 行动，取得显著成效。截至11月19日，已建立修旧利废管理相关规范，完成了5口井旧电缆的回收。新 电缆短截（整圈电缆的剩余部分）将用 ...

Group 1: Commercial Aerospace Sector - The commercial aerospace sector continues to rise, with market enthusiasm spreading to the defense and military industry [1][2] - The sector's growth is driven by high expectations for SpaceX's upcoming IPO, aiming to raise over $30 billion with a target valuation of approximately $1.5 trillion [6] - A successful satellite launch by China on December 12, using the Long March 12 rocket, further boosts confidence in the commercial aerospace market [6] Group 2: Agricultural Bank of China - Agricultural Bank of China saw significant stock movement, with a closing increase of 1.41% followed by a morning drop of 3.28%, bringing its market value to 2.68 trillion yuan [1] - The stock experienced fluctuations, with a previous increase of 2.55% on December 9 and a decrease of 2.74% on December 10 [1] Group 3: ZTE Corporation - ZTE Corporation's stock hit the limit down yesterday and fell an additional 0.32% today, with a current market value of 180.3 billion yuan [1] - The company announced a share buyback plan using its own funds, with a total amount between 1 billion and 1.2 billion yuan [1] Group 4: Engineering Machinery Sector - The engineering machinery sector is experiencing a positive trend, with notable increases in stocks such as Shaoyang Hydraulic and Construction Machinery [8] - According to statistics, excavator sales in November 2025 reached 20,027 units, a year-on-year increase of 13.9%, with domestic sales up 9.11% and exports up 18.8% [12] - The industry is expected to see synchronized growth in both domestic and overseas demand, supported by ongoing national projects and competitive advantages in overseas markets [12]

Investment Rating - The industry investment rating is "Overweight" [9] Core Insights - The report emphasizes that the restaurant industry is expected to benefit significantly from ongoing service consumption policies aimed at boosting overall domestic demand [12][15] - The restaurant sector's revenue is projected to account for 12% of total social retail sales by 2024, showing a higher growth elasticity compared to the overall retail sector [12][28] - Japanese restaurant valuations are experiencing a premium, with a focus on cost reduction and efficiency improvements alongside multi-format integration [12][79] Summary by Sections 1. Service Consumption Policies - The report highlights that service consumption policies are being reinforced, with specific measures targeting the restaurant sector as a core component of consumption stimulation [15][19] - Various regions are expanding the issuance of dining vouchers, which are expected to enhance consumer spending in the restaurant industry [15][19] 2. Restaurant Sector Performance - The restaurant sector is showing a recovery in its fundamentals, with a notable increase in revenue share within the social retail sector [28] - The growth rates for restaurant revenue are forecasted at 20% for 2023 and 5% for 2024, outpacing the overall retail sector growth [28][12] 3. Japanese Restaurant Valuations - The report notes that the Japanese restaurant sector is characterized by high valuation premiums, with leading companies achieving significant stock price increases [79][80] - The average price-to-earnings (PE) ratio for top Japanese restaurant companies is above 25X, indicating strong market confidence [80] 4. Investment Recommendations - The report suggests focusing on companies with strong operational capabilities that can navigate through economic cycles, such as Yum China and Haidilao, as well as those in expansion phases like Xiaocaiyuan [12][79]

欧曼全新一代大马力燃气重卡来啦，为干线运输降本增效提供"破局"之道。 12月8日，以"燃擎聚力 澎湃新程"为主题的欧曼银河16N大马力燃气车下线仪式，在北京超 级卡车体验中心拉开帷幕。当前，大马力燃气重卡凭借动力强劲、高效可靠等优势，已经成为 长途干线运输首选，并持续赢得用户认可与青睐。 基于此，欧曼重卡深刻洞察行业发展趋势，并精准把握用户对大马力燃气重卡的需求，打造了 全新一代银河16N 720马力燃气重卡，再次确立了欧曼在大马力燃气车领域的标杆地位。 行业竞争优势愈加凸显 相关数据显示，自2025年二季度以来，我国重卡市场"一扫阴霾"，实现了月度销量"七连 涨"。而伴随着市场的复苏，国内天燃气重卡销量更是在年内实现了"四连增"，标志着天然气 重卡市场进入全新发展阶段。多年来，欧曼重卡始终坚持以市场和用户需求为导向，打造了欧 曼银河家族系列产品，以及高效可靠的一体化动力链，市场竞争优势愈加凸显。 第一商用车网同时获悉，当前物流行业加速效率升级，在高时效、长途干线、绿通运输、冷链 物流、普货集散等核心场景中，大马力、高可靠、低能耗产品已成市场主流，行业发展也 从"单一场景适配"迈入"全场景智能高效协同"新阶段 ...