一家主业造风机的企业，左手火箭、右手具身机器人，这跨界步伐，确实有点东西。 但真正体现它投资实力的，是下面这组数字：2024年，金风科技手里攥着6家上市公司的股票，年末市 值超过17亿！更夸张的是，它全年投资收益19.62亿，甚至比主业18.6亿的净利润还高。 入股商业航天蓝箭航天后，金风科技还悄悄布局了哪些硬核公司？ 最近，一家造火箭的民营企业—蓝箭航天，要上市的消息火了！但你可能想不到，它背后站着一个让人 意想不到的股东：那个我们印象中"造风力发电机"的金风科技。 没错，就是那个风电龙头。金风科技和它的关联方早早布局，拿下了蓝箭航天10%的股份。 是不是有点意外？火箭冲天，背后竟有风电巨头的身影。 而这，只是它投资故事的开始。它还通过旗下公司，投过科创板去年的明星"妖股"——上纬新材。 更关键的是，它早就悄悄押注了一大波还没上市的硬核公司：从半导体（株洲中车时代），到精密轴承 （洛阳轴承）；从储能电池（厦门海辰），到通信芯片（北京晟芯）；甚至还有农业种子（九圣禾）、 抽水蓄能（乌海）、氢能源（上海氢晨），行业覆盖高端制造、新能源、数字化等多个未来赛道。 看明白了吗？金风科技，早已不只是"追风者"。它是以风 ...

Core Viewpoint - Shanghai Petrochemical experienced a decline in stock price, with a current trading price of 2.81 yuan per share and a market capitalization of 29.625 billion yuan, reflecting a net outflow of funds [1] Group 1: Financial Performance - For the period from January to September 2025, Shanghai Petrochemical reported operating revenue of 58.886 billion yuan, a year-on-year decrease of 10.77% [2] - The company recorded a net profit attributable to shareholders of -432 million yuan, representing a significant year-on-year decline of 1349.41% [2] - Cumulative cash dividends since the A-share listing amount to 23.903 billion yuan, with 2.11 million yuan distributed in the last three years [3] Group 2: Shareholder and Market Activity - As of September 30, 2025, the number of shareholders increased to 91,800, up by 1.62% from the previous period [2] - The top circulating shareholder, Hong Kong Central Clearing Limited, holds 84.9738 million shares, an increase of 13.0582 million shares compared to the previous period [3] - The South China CSI 500 ETF is the sixth-largest circulating shareholder, holding 32.013 million shares, a decrease of 767,200 shares from the previous period [3] Group 3: Business Overview - Shanghai Petrochemical, established on June 21, 1993, and listed on November 8, 1993, is primarily engaged in crude oil processing and the production of a wide range of petrochemical products [1] - The revenue composition includes 67.95% from refining products, 21.60% from chemical products, 9.77% from petroleum and chemical product trading, and 0.53% from other sources [1]

Core Viewpoint - The stock price of New Zhonggang has experienced fluctuations, with a recent decline of 2.03% and a total market capitalization of 3.473 billion yuan [1]. Group 1: Stock Performance - Year-to-date, New Zhonggang's stock price has increased by 1.52%, with a 0.81% rise over the last five trading days, a 4.83% decline over the last 20 days, and a 2.25% decrease over the last 60 days [2]. - As of January 7, the stock price is reported at 8.67 yuan per share, with a trading volume of 11.99 million yuan and a turnover rate of 0.34% [1]. Group 2: Financial Performance - For the period from January to September 2025, New Zhonggang achieved operating revenue of 529 million yuan, representing a year-on-year decrease of 18.48%, while the net profit attributable to shareholders increased by 2.51% to 91.83 million yuan [2]. - Since its A-share listing, New Zhonggang has distributed a total of 344 million yuan in dividends, with 204 million yuan distributed over the past three years [2]. Group 3: Company Overview - New Zhonggang, established on October 17, 1997, is located in Shengzhou City, Zhejiang Province, and was listed on July 7, 2021. The company primarily engages in the production and supply of thermal and electric power through cogeneration [2]. - The company's revenue composition includes 95.17% from cogeneration, 4.73% from energy storage, and 0.10% from other sources [2]. - New Zhonggang is classified under the public utility sector, specifically in electricity and thermal services, and is associated with concepts such as small-cap, carbon neutrality, energy storage, QFII holdings, and share buybacks [2].

Group 1: Academic Background and Career Path - Guan Qingyou is a prominent Chinese economist, currently serving as the director of the Ruishi Financial Research Institute and vice president of the China Private Economy Research Association [2] - His academic journey began with a PhD in economics from the Chinese Academy of Social Sciences, followed by postdoctoral research at Tsinghua University focusing on energy and climate change [2] - He has held significant roles in both academia and policy consulting, including serving as vice president of Minsheng Securities and founding the independent think tank Ruishi Financial Research Institute [2] Group 2: Core Research Areas - Guan's research focuses on four main areas: macroeconomics, energy economics, financial markets, and private economy, creating a framework that combines theoretical depth with practical value [4] - He introduced the concept of "Li Keqiang Economics," summarizing the new government's macro management approach of "targeted investment + prudent monetary policy" [4] - His work includes developing a model for the "third wave" of the global financial crisis, providing critical decision-making insights for investors [5] Group 3: Recent Activities and Publications - In November 2025, he analyzed the current economic situation at the Shenzhen "Private Enterprise Forum," emphasizing the need for institutional openness to overcome growth bottlenecks in the private economy [13] - He participated in the 10th China International Property Management Summit in June 2025, warning about risks in the real estate market and suggesting enhancements in service quality [14] - His upcoming publication, "New Productive Forces: The Next Growth Pole of China's Economy," will analyze the commercial viability and ethical balance in fields like photovoltaics and artificial intelligence [15] Group 4: Advisory Roles and Contributions - Guan serves as an independent director for several listed companies, including Midea Group and Hikvision, promoting the establishment of "Technology Ethics Committees" to balance innovation with social responsibility [17] - He is involved in regional development strategies, contributing to the "14th Five-Year Plan" for areas like Shaanxi and Xinjiang, advocating for technological innovation to address market gaps [17] - His insights on the global increase in RMB asset holdings highlight the underlying logic of technological standard output and regulatory collaboration [16]

Report Industry Investment Ratings - No information provided in the given content Core Views - The global geopolitical risk is potentially rising due to Trump's consideration of using force to seize Greenland, leading to short - term volatility in the US dollar index [1][15] - Gold prices continue to rise, and there is an increased willingness to go long on commodities. However, there are risks of short - term market fluctuations and precious metal corrections [2][12][13] - A - shares are extremely strong at the beginning of the year, and the market has entered a bullish phase. It is recommended to hold long positions in the short term [3][22][23] - The steel market is expected to continue its range - bound pattern in the short term due to insufficient accumulation of contradictions [4][29][30] - The overall market sentiment for lithium carbonate is more sensitive to bullish information, and the price is expected to remain strong, but caution is needed when chasing long positions [5][46][47] - Oil prices have fallen, with a decline in US API crude oil inventory but a significant increase in gasoline and diesel inventories [6][58][59] Summary by Directory 1. Financial News and Comments 1.1 Macro Strategy (Gold) - Trump and his team are discussing plans to acquire Greenland, and Fed official Milan expects data to support further interest rate cuts [11][12] - Gold prices continue to rise, and there is increased enthusiasm for short - term market speculation. The probability of a January interest rate cut is low, and attention should be paid to the next Fed chair selection and the adjustment of the Bloomberg commodity index weights [12] - It is recommended to be aware of the risk of precious metal corrections in the short term and consider going long on the gold - silver ratio [13] 1.2 Macro Strategy (Foreign Exchange Futures - US Dollar Index) - The US will support Ukraine if it is attacked by Russia again, and Trump warns of potential impeachment if he loses the mid - term elections. Trump is considering using the military to seize Greenland [14][15] - The global geopolitical risk is potentially rising, and the US dollar index will fluctuate in the short term [15] - It is expected that the US dollar will fluctuate in the short term [16] 1.3 Macro Strategy (US Stock Index Futures) - Trump's government is discussing plans to acquire Greenland, and there are differences among Fed officials regarding future interest rate cuts [17][18][19] - Short - term geopolitical risks remain, and the market reaction is limited. Future Fed decisions will mainly depend on data trends [19] - It is expected that the US stock market will fluctuate strongly, and a bullish approach should be maintained [20] 1.4 Macro Strategy (Stock Index Futures) - The central bank will continue to implement a moderately loose monetary policy, and A - shares are extremely strong at the beginning of the year [21][22] - The market has entered a bullish phase, and trading volume is the key indicator. It is recommended to hold long positions in the short term [22][23] 1.5 Macro Strategy (Treasury Bond Futures) - The central bank carried out a 162 - billion - yuan 7 - day reverse repurchase operation, resulting in a net withdrawal of 2963 billion yuan on the day [25] - The bond market is in a headwind situation, and it is recommended not to bet on oversold rebounds. Short - selling opportunities can be considered if there is a rebound [26][27] 2. Commodity News and Comments 2.1 Black Metal (Rebar/Hot - Rolled Coil) - Handan lifted the emergency response to heavy pollution weather [28] - Steel prices are expected to continue their range - bound pattern in the short term due to insufficient accumulation of contradictions and potential pressure on finished product inventories [29] - A range - bound approach is recommended for steel prices in the short term [30] 2.2 Black Metal (Steam Coal) - The price of steam coal in the northern port market was stable with a slight upward trend on January 6 [31] - Short - term coal prices are expected to continue their weak and volatile pattern, and attention should be paid to daily consumption and pre - holiday start - up changes [31] 2.3 Black Metal (Iron Ore) - Fenix Resources' quarterly iron ore shipments reached a new high [31] - The iron ore price is expected to have strong short - term support but limited upside [32] 2.4 Agricultural Products (Soybean Oil/Rapeseed Oil/Palm Oil) - Malaysia's palm oil exports increased by 31.12% from January 1 - 5, while production decreased by 34.48% [33][34] - There are preliminary signs of supply pressure relief, but there is still high uncertainty. It is recommended to lightly position long on the 05 contract in advance and add positions gradually after clear bullish signals [34] 2.5 Agricultural Products (Sugar) - Sugar production data from different regions in China shows a mixed picture, with overall weak demand [35][36][37] - The Zhengzhou sugar futures main contract is expected to be range - bound. Attention should be paid to the start of pre - holiday stocking demand and sugar mill production and sales progress [38] 2.6 Non - Ferrous Metal (Lead) - On January 5, the LME 0 - 3 lead was at a discount of $45.52 per ton [39] - Lead prices are expected to maintain a volatile and slightly bullish pattern, and it is recommended to wait and see both for single - side and arbitrage strategies [39][40] 2.7 Non - Ferrous Metal (Zinc) - On January 5, the LME 0 - 3 zinc was at a discount of $36.3 per ton, and Vedanta's fourth - quarter zinc concentrate production increased by 8% year - on - year [41] - Zinc prices are expected to maintain a volatile and slightly bullish pattern in the short term. It is recommended to be cautious when chasing long positions and to take partial profits on previous long positions [43][44] 2.8 Non - Ferrous Metal (Lithium Carbonate) - The first batch of price negotiations for lithium iron phosphate in the new year has landed [45] - The lithium carbonate price is expected to remain strong, but caution is needed when chasing long positions [46][47] 2.9 Non - Ferrous Metal (Copper) - Ukraine will ban the export of metal scrap starting from 2026, and Codelco's 2025 copper production increased slightly [48][49] - Macro factors support copper price increases, but short - term fundamentals are weakening. It is recommended to buy on dips for single - side trading and wait and see for arbitrage [50][51] 2.10 Non - Ferrous Metal (Nickel) - Indonesian mining companies can produce 25% of their 2026 planned output in Q1 [52] - It is recommended to pay attention to buying opportunities on dips for single - side trading and continue to hold previously recommended option strategies [54][55] 2.11 Non - Ferrous Metal (Tin) - On January 5, the LME 0 - 3 tin was at a discount of $30.01 per ton [56] - The supply of tin ore remains tight, and demand is weak. Attention should be paid to supply recovery and demand improvement, and beware of price drops due to the fading of capital enthusiasm [57][58] 2.12 Energy Chemical (Crude Oil) - US API crude oil inventory decreased, but refined product inventories increased significantly [58] - Attention should be paid to geopolitical risk disturbances [60] 2.13 Energy Chemical (Carbon Emissions) - On January 6, the CEA closing price was 74.63 yuan per ton [61] - The CEA price is expected to remain volatile [62]

"十五五"时期，江苏将以力争在2030年前实现碳达峰为目标，加快构建碳双控新机制，推动经济社会发 展全面绿色转型取得更大成效，做好"全面实施碳排放双控制度""加快构建新型能源体系""发展绿色新 质生产力""加快形成绿色生产生活方式"四个方面工作。 扬子晚报/紫牛新闻记者曹卢杰 江苏省发展改革委副主任季鸣介绍，"十四五"期间，江苏全面绿色转型迈出坚实步伐，预计"十四五"能 耗强度累计下降率超14%，超额完成国家下达目标任务。 具体表现在六个方面：一是低碳政策体系落地见效。构建完善碳达峰碳中和政策体系，差异化推动能 源、工业、交通运输、城乡建设等重点领域实施碳达峰专项行动，制定13个设区市碳达峰行动方案，印 发《江苏省加快经济社会发展全面绿色转型若干政策举措》，完善碳达峰碳中和政策体系。二是产业绿 色转型提速增效。全省高新技术产业产值占规上工业比重达51.8%，五年累计提高5.3个百分点；节能环 保、新能源等产业集群融合发展优势明显，"新三样"出口接近全国1/5；加快推动绿色制造体系，全省 累计创建国家级绿色工厂439家、绿色工业园区51家、绿色供应链管理企业80家，水平居全国前列。三 是清洁低碳能源体系加速构建 ...

中国碳中和(01372)发布公告，于2026年1月6日，本公司主要股东沙涛先生(沙先生)在公开市场上以平均 价格每股约1.50港元合计收购2729.9万股本公司普通股股份，占本公司已发行股本4.25%。紧随该增持 后，沙先生拥有股份权益合共1.57亿股份，于本公告日期，占本公司全部已发行股本约24.35%。 董事会相信，沙先生通过在市场上收购股份的方式进一步自愿收购股份，表明彼对本集团的长远发展前 景有信心。 ...

Core Viewpoint - Longyuan Power Group Co., Ltd. is actively expanding its renewable energy projects, particularly in wind and solar power, while also engaging in carbon trading initiatives [2][8]. Company Overview - Longyuan Power's main business includes wind and solar power generation, with electricity and heat as its primary products [2][3]. - The company was established on January 27, 1993, and was listed on January 24, 2022. It is headquartered in Beijing and operates in the public utility sector, specifically in wind power generation [7]. Recent Developments - Longyuan Power signed a framework agreement with the People's Government of Tieli City, Heilongjiang Province, for a 3.53 million kW renewable energy project, which includes a collaboration to develop a 3 million kW pumped storage project [2]. - The company has been involved in the national carbon market since its inception in 2021, successfully executing the first trade and contributing to the market's diversification [2]. Financial Performance - As of September 30, 2025, Longyuan Power reported a revenue of 22.22 billion yuan, a year-on-year decrease of 15.67%, and a net profit attributable to shareholders of 4.39 billion yuan, down 19.76% year-on-year [8]. - The company has distributed a total of 6.814 billion yuan in dividends since its A-share listing, with 5.582 billion yuan distributed over the past three years [9]. Shareholder Information - As of September 30, 2025, the number of shareholders decreased to 34,200, a reduction of 16.42% from the previous period [8]. - Major shareholders include Hong Kong Central Clearing Limited and various ETFs, with some shareholders reducing their holdings [9].

（文章来源：每日经济新闻） 华福证券指出，固态电池已成为全球公认的颠覆性技术，能实现高比能、高安全性，减少液态电解质含 量、提升固态电解质占比是行业共识。材料端，全固态电池颠覆现有体系，核心增量环节是硫化物/氧 化物/卤化物/聚合物固态电解质，其中硫化锂降本和量产是瓶颈；能量密度提升依赖高镍/富锂锰基正 极、锂金属/硅碳负极的性能突破。设备端，干法电极能实现厚电极、减少能耗，是固态电池优选方 案，等静压设备解决界面接触问题，是有别于传统锂电的高壁垒增量环节。2026年将进入设备定点的关 键时期，2027年实现小批量生产是国内外企业的一致预期。行业目前处于中试阶段，国内企业2025年基 本建成中试线，能量密度达350-500Wh/kg，部分已启动装车测试。 ...

Core Viewpoint - Dayun Co., Ltd. has shown a mixed performance in stock price and financial results, with a notable increase in revenue but a decline in net profit year-on-year [2][3]. Group 1: Stock Performance - On January 6, Dayun's stock price increased by 2.04%, reaching 13.52 CNY per share, with a trading volume of 146 million CNY and a turnover rate of 1.06%, resulting in a total market capitalization of 13.93 billion CNY [1]. - Year-to-date, Dayun's stock price has risen by 2.04%, with a 1.81% increase over the last five trading days, a 3.52% increase over the last 20 days, and a 9.81% decrease over the last 60 days [1]. - The net inflow of main funds was 5.89 million CNY, with large orders accounting for 20.52% of purchases and 16.48% of sales [1]. Group 2: Financial Performance - For the period from January to September 2025, Dayun reported a revenue of 4.855 billion CNY, reflecting a year-on-year growth of 52.45%, while the net profit attributable to shareholders decreased by 14.25% to 434 million CNY [2]. - Since its A-share listing, Dayun has distributed a total of 1.822 billion CNY in dividends, with 849 million CNY distributed over the past three years [3]. Group 3: Shareholder Information - As of September 30, 2025, Dayun had 48,400 shareholders, an increase of 13.10% from the previous period, with an average of 21,244 circulating shares per shareholder, down by 11.58% [2]. - Among the top ten circulating shareholders, Hong Kong Central Clearing Limited holds 46.255 million shares, an increase of 17.2105 million shares from the previous period [3].