Core Viewpoint - The regional innovation system is a crucial component of the national innovation system and serves as a foundation for building a strong technological nation, with Jiangsu making significant progress in its regional innovation capabilities, ranking among the top in the country [1] Group 1: Strategic Development - Jiangsu should leverage its rich innovation resources and strong industrial foundation to establish a more distinctive and dynamic regional innovation system, enhancing its effectiveness to continuously provide resources and policies for independent innovation [1] - The focus should be on "system integration" to optimize the regional innovation strategy layout, creating a comprehensive innovation chain from basic research to industrial application [2] Group 2: Collaborative Innovation - Promoting "subject coupling" to deepen the integration of innovation entities, enhancing collaboration among enterprises, universities, and research institutions [3] - Strengthening the role of enterprises as innovation leaders and fostering innovation consortia led by major companies to drive innovation across the industry chain [3] Group 3: Governance and Policy Innovation - Emphasizing the dual drive of technological and institutional innovation to enhance the overall effectiveness of the regional innovation system [4] - Reforming the technology governance system to better convert institutional advantages into governance effectiveness, facilitating the flow of advanced innovation resources [4] Group 4: Ecosystem Development - Building a vibrant innovation ecosystem that integrates the innovation chain, industrial chain, financial chain, and talent chain [5] - Activating the synergy between education and technology to cultivate high-level scientific talent and innovative teams [5] - Expanding the openness of regional innovation by leveraging geographical and policy advantages to connect with national and global innovation resources [6]

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]

2023年5月28日，C919国产大飞机实现首次商业飞行。那是谢延翠和团队成员最难忘的一天。 （来源：黑龙江日报） 转自：黑龙江日报 □本报记者 杜清玉 国产大飞机关键材料研制项目正式立项后，东轻肩负起关键铝合金壁板研制的重任。谢延翠回忆，摆在 他们面前的第一个挑战就是"从零开始"。"国外对核心技术严密封锁，我们没有任何现成的资料可以参 考，每一个参数、每一道工艺，都需要自己摸索。"她形容，当时的感觉就是"接了个大活"，意义重 大，但压力更大，"对国家、对企业，我们只有成功这一个选项，没有退路。" 随着谢延翠调任中厚板厂主管技术质量，就与大飞机材料研发紧紧绑在了一起。她的团队核心任务，是 将巨大的铝合金铸锭，像"擀面"一样，轧制成又宽又长、性能均匀且稳定的合格板材。"温度是300度还 是500度？每一下轧制要用多大力道？就像擀一张巨无霸面皮，差之毫厘，谬以千里。"她对记者说，这 虽然是一个比喻，却体现了对工艺极致的追求。 "深夜的坚守，材料碎了心也跟着碎了" 研发之路，布满荆棘。由于生产线还要保障常规任务，大量的实验只能"插空"进行，他们因此习惯了与 深夜为伴。谢延翠和团队必须随时待命，应对设备突发故障、工艺 ...

煤海征程阔，实干报国行。冬日的准格尔哈尔乌素露天矿区，天高云淡，巨大的矿坑层叠如梯，庞大的 矿山机械阵列井然有序，映照着这片热土的奉献与荣光。在这里，每一铲剥离、每一车运输、每一次爆 破，都彰显出准能集团对国家能源安全的实干担当。 "十四五"期间，在我国加快构建清洁低碳安全现代能源体系的关键节点，在国家能源集团党组的坚强领 导下，准能集团以"旗帜领航、干在实处、走在前列"为指引，聚焦主责主业、绿色转型、资源获取"三 篇文章"，坚决扛起能源保供政治责任，深入探索绿色低碳发展路径，全面提升智能化、精益化管理水 平，将"实干、奉献、创新、争先"的企业精神融入创新实践，在辽阔北疆书写了一份忠诚担当、攻坚克 难、向绿而行、共富共享的能源报国亮眼答卷。 党建引领 筑牢能源安全保供"压舱石" （来源：内蒙古日报） 转自：内蒙古日报 坚持党的领导、加强党的建设是国有企业的"根"和"魂"。"十四五"以来，作为国家能源集团煤炭板块骨 干企业，准能集团牢记"国之大者"，充分发挥党委把方向、管大局、保落实作用，将"社会主义是干出 来的"伟大号召转化为实践行动，将党的政治优势、组织优势源源不断地转化为企业的竞争优势和发展 优势，国有企 ...

转自：成都日报锦观 在深圳湾创新广场，综合招聘会在同步进行，汇聚了来自成都重点产业领域的多家知名企业，提供了涵 盖集成电路、生物医药、人工智能等前沿领域的一批优质岗位，其中最高年薪逾百万元。现场同步设有 直播带岗、政策咨询、AI面试体验"一对一"求职指导，为人才提供全流程就业支持服务。 "我主要的专业方向是电子信息领域，看中了成都有良好的产业生态和海量优质岗位。"前来求职的应届 毕业生刘同学谈道，"很期待能到成都发展，这座城市既有拼搏奋进的奋斗精神，也有鲜香麻辣的安逸 生活。在这里，拼搏和烟火气并不冲突，反而相得益彰。" 签约6个重点项目 发布人才需求清单 同时，活动现场特别设置了科技创新成果展区和蓉品展示体验区。通过品"蓉漂"咖啡、打卡时尚地标、 体验非遗手作等形式，湾区人才沉浸式感受烟火里的幸福成都。 成都日报锦观新闻记者 李世芳 摄影 张青青 ...

上市公司群体发展质效双升。以"春蕾行动"为引领，贵州构建全链条培育机制，上市公司规模稳步壮 大，截至2025年第三季度末A股上市公司达34家，较2020年末增长17.24%，成功填补科创板、北交所上 市公司空白。"十四五"前四年，贵州上市公司累计实现营收1.22万亿元、净利润3255亿元，分别较"十 三五"增长41.71%和51.96%，营收与净利润复合增长率位居全国前列。研发投入与股东回报表现亮眼， 研发费用增长161.30%，增速排名全国第四；分红规模连续多年位居西部地区首位，成为科技创新"主 力军"和区域经济"压舱石"。 "十四五"时期，贵州资本市场以高质量发展为核心，在政策引领、市场培育、企业提质等方面实现全方 位跨越，为黔贵大地经济社会发展注入强劲动能，在西部资本市场版图上书写亮丽篇章。 政策体系持续完善筑牢发展根基。贵州省委、省政府出台多项政策，构建上下联动的落实体系，明确发 展"任务书"与"路线图"。贵州证监局牵头建立跨部门协作机制，打破壁垒、凝聚合力；创新升级市场服 务体系，打造"四库"综合平台、"上市企业之家"，实现证券期货纠纷调解"四牌合一"，投资者权益保护 机制更趋完善。 展望"十五五" ...

在中国式现代化建设的壮阔征程中，贵州资本市场以高质量发展为统揽，历经"十四五"五年深耕，实现 了生态优化、功能提升、效益凸显的全方位跨越。 从政策体系的系统构建到直接融资的规模攀升，从上市公司质量的稳步提升到服务实体经济的精准发 力，贵州资本市场用一串串坚实的数据、一项项突破性的成果，为黔贵大地经济社会发展注入了强劲动 能，在西部资本市场版图上书写了浓墨重彩的篇章。 政策导航指明方向 "十四五"时期，贵州资本市场始终坚持党对金融工作的全面领导，将党的政治优势、组织优势转化为市 场发展优势，为高质量发展筑牢政治根基。 政策体系的不断完善，为贵州资本市场发展提供了坚实保障。贵州省委十三届五次全会审议通过的相关 意见，以前所未有的篇幅对提升资本市场利用水平、推动建立健全"股债基期"健康发展机制作出全面部 署；省政府出台的《贵州省推动资本市场高质量发展实施方案》，明确了新形势下的"任务书"和"路线 图"，构建起上下联动、协同发力的政策落实体系。一系列政策红利的持续释放，为贵州资本市场高质 量发展扫清了障碍、拓宽了空间，成为全省更好利用和发展资本市场的"行动指南"。 "十四五"时期，贵州资本市场打破部门壁垒、凝聚多方合 ...

Group 1 - The "2025 National Famous Private Enterprises Supporting Hunan High-Quality Development Conference" was held in Changsha, focusing on technology innovation, industrial upgrading, green development, and open cooperation to attract private enterprises to invest in Hunan [1] - SANY Group, founded by four young graduates, has pursued a global development strategy for over 20 years, emphasizing the importance of international expansion for Chinese engineering machinery products and services [3] - Chutian Technology Co., Ltd. has signed over 10 projects in the biopharmaceutical and life sciences sectors in the past two years, with total investments exceeding 8 billion yuan, reflecting the improving business environment in Hunan [4] Group 2 - Yongdao Holdings plans to invest 3.5 billion yuan in Hunan, focusing on establishing a headquarters, an international settlement center, and a modern agricultural technology park, highlighting Hunan's attractive business environment [6] - Shanxi Zhijie Software Engineering Co., Ltd. is upgrading its Changsha center to a "Central Innovation Headquarters" to focus on medical AI technologies, indicating a strong commitment to Hunan's development [7] - Beijing Tongyou Feiji Technology Co., Ltd. has established a storage industry park in Changsha, aiming to create a leading domestic research and production base for storage systems and SSDs [7] Group 3 - Hunan has implemented various strategies to enhance the development of the private economy, including precise investment attraction and improving the business environment, resulting in 777.7 million private economic entities as of November, with private enterprises accounting for 92.3% of all enterprises [8] - The private economy in Hunan contributed significantly to the province's GDP, with a value of 27,343.36 billion yuan, representing 67.9% of the total, and private investment making up 65.4% of all investments [8] - Changsha aims to leverage the conference to enhance its attractiveness by showcasing its strengths in engineering machinery and emerging industries like AI, while also improving the local business environment [9]

Group 1 - The core viewpoint of the article highlights the significant growth and development of Tianjin's capital market during the "14th Five-Year Plan" period, emphasizing its role in supporting the real economy through financial innovation and effective integration of capital and technological resources [1] Group 2 - The number of listed companies in Tianjin has reached 71, an 18% increase compared to the end of the "13th Five-Year Plan," with a total market capitalization exceeding 1.66 trillion yuan, representing an 80% year-on-year growth [2] - The structure of companies listed on the New Third Board has improved, with 39 companies in the innovation layer, accounting for over one-third of the total, marking a 129% increase year-on-year [2] - The bond financing channel has become prominent, with 109 bond issuers and a total bond scale of 1.28 trillion yuan in the exchange market, ranking among the top in the country [2] - The total assets of eight securities, fund, and futures institutions in Tianjin reached 113.7 billion yuan, with net assets of 42.8 billion yuan, reflecting year-on-year growth of 22% and 20% respectively [2] - The total wealth management scale of capital market institutions in Tianjin exceeds 2.2 trillion yuan [2] Group 3 - Over the past five years, listed companies in Tianjin have cumulatively invested more than 100 billion yuan in R&D, with an overall R&D intensity of 3.01% and 7.64% for key industry chain companies [3] - There are 49 high-tech and specialized companies in Tianjin, accounting for nearly 70% of the total, with their total market capitalization representing nearly 80% [3] - Companies in Tianjin have issued over 80 billion yuan in innovative bonds, including those for technology and green projects, with an annual compound growth rate of 33% [3] Group 4 - During the "14th Five-Year Plan" period, six listed companies in Tianjin have restructured to eliminate inefficient assets and transition to emerging industries, with nearly one-fifth of listed companies expanding production or investing in weak links of the industry chain through refinancing [4] - The total amount of mergers and acquisitions by listed companies in Tianjin has exceeded 26 billion yuan since the release of the "Six Mergers and Acquisitions Guidelines" in September 2024 [4] - 40 listed companies in Tianjin belong to key industry chain enterprises, accounting for nearly 70% of the total market capitalization, with 23 being chain leaders and three being national-level chain leaders [4] Group 5 - Listed companies in Tianjin have implemented cash dividends exceeding 170 billion yuan during the "14th Five-Year Plan," which is 7.5 times that of the "13th Five-Year Plan," and three times the stock financing during the same period [5] - The average dividend yield is 3.08%, higher than the average return on household savings [5] - 20 companies have disclosed shareholder dividend plans, and 31 companies have established market value management systems or disclosed valuation enhancement plans [5] - Approximately 45% of companies have continuously paid dividends for five years, with over 60% having done so for three years [5] - Several companies have utilized share buybacks and shareholder increases to stabilize market expectations and enhance liquidity [5]

2026 年银行板块投资策略：从业务与业绩角度看稳健性； 两条选股主线 20251222 摘要 银行业整体盈利预计保持小幅增长，2028 年 ROE 仍有望维持在 8%- 9%区间，年底年初是较佳投资窗口期，险资增量资金配置确定性高，明 年营收边际改善确定性较高，息差降幅收窄将支撑净利息收入。 选股逻辑聚焦高 ROE 优质城商行（如江苏银行、南京银行等）和高股息 品种（如招商银行、中信银行等），前者规模增长确定性强且营收弹性 大，后者适合阶段性防御策略。 2026 年信贷动能依赖新型工业化、科技创新、新基建及传统产业升级， 绿色信贷和科创贷款占比提升空间大，科技型中小企业贷款同比增速保 持较高水平。 地产和消费对银行业绩贡献有限，地产需超预期政策才能企稳，消费主 要依靠政策托底，内生动力仍需加强，零售相关需求偏弱。 预计 2026 年净息差将在个位数区间内波动，降幅小于今年，净利息收 入有望实现小幅正增长，优质区域城农商行可能超预期。 对于地产和消费领域，您怎么看待其对银行业绩的影响？ Q&A 2026 年银行板块的总体投资策略和选股逻辑是什么？ 总体来看，2026 年银行板块的投资策略主要关注绝对收益，预计 ...