电源管理芯片：消费电子产品的"隐形心脏" 电源管理芯片 电源管理芯片虽不显眼，却如人体心脏般调控着电子设备的生命脉动。从智能手机的快充技术到无线耳机 的续航能力，从智能穿戴设备的微型化到便携设备的性能稳定，这颗"芯片心脏"默默承担着电能转换、分 配和管理的重任。 东莞制造企业对此有着日益深刻的理解：优秀的电源管理方案直接影响产品续航、发热控制、安全性能乃 至用户体验的每一个细节。一款设计精良的电源管理系统，能使同等电池容量释放出更持久的能量，让设 备在轻薄与性能间找到完美平衡。 消费电子产品激烈竞争，一个微小却至关重要的组件正悄然决定用户体验的边界——电源管理芯片。作为 全球消费电子制造重镇，东莞的电子产业正经历着一场关于这一核心元件的深刻认知革命。 对尺寸与集成的平衡艺术，在有限空间内实现多功能电源管理 对成本与性能的精准把控，找到最佳市场定位点 东莞产业链的认知演进：从"知道存在"到"深度整合" 早期的东莞电子制造多聚焦于组装与生产，对核心芯片的了解停留在采购与应用层面。然而，随着市场竞 争加剧和产品差异化需求增长，当地制造企业对电源管理芯片的认知已发生质的飞跃。 如今，越来越多的东莞工程师团队不仅了解各 ...

长江证券认为，碳中和ETF具备长期投资价值。随着能源金融市场加速向多元化、低碳化转型，清洁能 源投资持续升温，2020年至2024年年均复合增长率达16.7%，其中电池与储能领域增速达106.8%，展现 出强劲的发展势头。绿证市场也呈现供需改善态势，1月至11月交易量同比大幅增长119%，交易占比提 升至41.81%，价格逐步企稳。供给端136号文限制了常规电量绿证的核发，需求端2025年电解铝行业将 被纳入绿证考核，2026年钢铁等四大高耗能行业也将陆续加入，刚性需求持续扩容，支撑绿证价格。在 新能源装机方面，光伏保持稳定增长，风电增速回暖，同时火电装机规模创新高，增强了电力系统的调 节能力，有利于提升新能源消纳水平。能源转型推动电力、新能源等相关板块融资需求旺盛，电力行业 在能源上市公司债权与股权融资中的占比分别达到65%和70%。在政策支持与市场驱动的双重作用下， 可再生能源发电、储能、氢能等领域的投资持续扩大。 1月6日，A股市场延续涨势，有色金属、非银金融、综合板块涨幅靠前。截至11点00分，碳中和ETF南 方(159639.SZ)涨1.98%，洛阳钼业涨6.95%。 资讯所属栏目还有更多独家策划、 ...

Group 1 - The core argument suggests that the green transition driven by carbon neutrality presents significant investment and development opportunities, despite the perception of high costs in the short to medium term [1] - Achieving carbon neutrality requires a fundamental energy transition, relying on a substantial increase in the demand for key mineral resources such as silver, cadmium, germanium, indium, selenium, tellurium, copper, tin, and zinc [1] - By 2060, global reserves of selenium and cadmium need to increase by 14.3 times and 4.9 times, respectively, to meet the demand for wind and solar power in China and globally [1] Group 2 - Large-scale energy storage facilities and technology development are crucial for addressing the intermittent use of renewable energy and promoting green energy transition [2] - Investment in the recovery and secondary use of storage facilities, particularly batteries, and the effective recovery of key mineral resources is a core focus area [2] - Carbon sinks play an important role in achieving carbon neutrality and are a key component of carbon trading, with current focus on forest and forestry carbon sinks [2] Group 3 - Investors can gain financial returns by purchasing and holding rights to carbon sink projects, while also actively participating in reducing greenhouse gas emissions and promoting renewable energy [3] - The development of carbon-inclusive platforms represents a valuable investment direction in the future carbon market [3] - Smart grid technologies are essential for the digitalization, automation, and intelligence upgrades of power systems, with significant future investment potential [3] Group 4 - The electrification of transportation is gaining momentum, with future low-carbon transitions extending beyond road transport to include aviation and shipping, creating numerous investment opportunities [3] - Investment areas include biofuels, batteries, electric motors, charging facilities, smart traffic management systems, and the development of the autonomous driving technology supply chain [3]

川渝地区肩负着国家西部大开发、成渝地区双城经济圈建设及生态安全先行保障的重要使命，联合开展 美丽中国先行区建设，是践行习近平总书记关于区域协调发展战略重要论述的具体实践。面对美丽中国 先行区建设、绿色发展高地打造、双城经济圈能级提升的政策叠加机遇，川渝两地可以通过明确目标任 务、统筹"美丽系列"建设等举措，为人与自然和谐共生的美丽中国建设探索可复制的经验模式，其跨省 域实践路径也将为西部地区生态环境协同治理提供重要借鉴。 筑牢川渝安全韧性生态屏障。强化三峡库区、岷山—邛崃山—凉山等国家重点生态功能区保护，以"六 江"廊道生态原真性保护为核心，推进山水林田湖草沙一体化治理，严控长江岸线开发强度，在遂潼、 万达开等毗邻区域实施跨区域生态工程，推广"小微湿地+"模式，开展大规模国土绿化行动。高水平共 建大熊猫国家公园，打通栖息地"断点"。加强荷叶铁线蕨、长江鲟等珍稀物种保护，建立监测网络与种 质资源库；共建长江上游珍稀特有鱼类保护区，实施水库群联合生态调度，强化外来入侵物种防控。 树立川渝智慧高效协作标杆。强化生态环境分区管控，衔接国土空间规划，协同开展自然保护地生态监 管，推动成渝双核及周边区县差异化发展。深化资 ...

1月6日，中油工程盘中上涨2.10%，截至10:49，报3.41元/股，成交1.19亿元，换手率0.63%，总市值 190.39亿元。 截至9月30日，中油工程股东户数6.85万，较上期减少13.62%；人均流通股81518股，较上期增加 15.77%。2025年1月-9月，中油工程实现营业收入575.29亿元，同比增长12.42%；归母净利润5.23亿元， 同比减少17.22%。 分红方面，中油工程A股上市后累计派现22.04亿元。近三年，累计派现7.15亿元。 机构持仓方面，截止2025年9月30日，中油工程十大流通股东中，香港中央结算有限公司位居第五大流 通股东，持股5956.11万股，相比上期减少504.03万股。南方中证500ETF（510500）位居第六大流通股 东，持股2463.26万股，相比上期减少56.28万股。易方达港股通红利混合A（005583）位居第九大流通 股东，持股1896.11万股，为新进股东。 责任编辑：小浪快报 资金流向方面，主力资金净流入10.01万元，特大单买入982.66万元，占比8.24%，卖出1139.20万元，占 比9.55%；大单买入2592.76万元，占比21 ...

沪铝早报- 交易咨询业务资格：证监许可【2012】1091号 大越期货投资咨询部 ：祝森林 从业资格证号：F3023048 投资咨询证号：Z0013626 联系方式：0575-85226759 近期利多利空分析 利多： 重要提示：本报告非期货交易咨询业务项下服务，其中的观点和信息仅作参考之用，不构成对任何人的投资建议。 我司不会因为关注、收到或阅读本报告内容而视相关人员为客户；市场有风险，投资需谨慎。 每日观点 铝: 1、基本面：碳中和控制产能扩张，国内供应即将到达天花板，下游需求不强劲，房地产延续疲软，宏 观短期情绪多变；中性。 2、基差：现货23300，基差-344，贴水期货，偏空。 3、库存：上期所铝库存较上周涨1310吨至129818吨；中性。 4、盘面：收盘价收于20均线上，20均线向上运行；偏多。 5、主力持仓：主力净持仓多，多减；偏多。 6、预期：碳中和催发铝行业变革，长期利多铝价，宏观情绪多变，铝价震荡向上运行 利空： 逻辑： 降息和需求疲软博弈 1、碳中和控制产能扩张。 2、俄乌地缘政治扰动，影响俄铝供应。 3、降息 1、全球经济并不乐观，高铝价会压制下游消费。 2、铝材出口退税取消 每日汇 ...

Group 1 - The stock price of Sinopec Oilfield Service Corporation increased by 2.28% on January 6, reaching 2.24 CNY per share, with a total market capitalization of 42.464 billion CNY [1] - The company reported a net inflow of 6.9908 million CNY from main funds, with significant buying and selling activities observed [1] - Year-to-date, the stock has risen by 3.70%, with a 2.75% increase over the last five trading days, but a 3.03% decline over the last 20 days [1] Group 2 - As of September 30, the company achieved a revenue of 55.163 billion CNY for the first nine months of 2025, reflecting a year-on-year growth of 0.51%, while the net profit attributable to shareholders decreased by 1.05% to 669 million CNY [2] - The company has distributed a total of 2.084 billion CNY in dividends since its A-share listing, with no dividends paid in the last three years [3] - The number of shareholders decreased slightly to 107,500, with an average of 0 circulating shares per shareholder [2]

Group 1 - The global naphtha market is currently in a state of divergence, with expectations of this trend continuing into 2026 [1] - In Asia, the market faces pressure from weak petrochemical profits due to ongoing capacity optimization and uncertainties in Russian naphtha supply [1] - The European naphtha market is primarily characterized by structural contraction, while the US market is expected to experience a moderate recovery [1] Group 2 - In Asia, the restructuring plan of the South Korean petrochemical industry is a key focus, with plans to reduce ethylene capacity by 2.7 to 3.7 million tons per year by August 2025 [1] - Japan's naphtha demand is declining due to low petrochemical product profits and planned facility shutdowns, with significant reductions in ethylene production capacity in the Chiba region [2] - The uncertainty of Russian supply has led to decreased purchasing interest from buyers in Asia, although the overall market supply remains adequate [2] Group 3 - In Europe, traditional oil-based naphtha demand is expected to decrease at an annual rate of 1.2% due to deepening carbon neutrality policies and refinery shutdowns [3] - The EU's Carbon Border Adjustment Mechanism (CBAM) will increase production costs by $25 per ton, further suppressing demand [3] - In the US, naphtha demand growth is projected to rebound to 1.8% due to the easing of ethane substitution effects and new petrochemical projects coming online [3]

福斯特今年以来股价涨2.08%，近5个交易日涨1.42%，近20日涨1.57%，近60日跌10.77%。 资料显示，杭州福斯特应用材料股份有限公司位于浙江省杭州市临安区锦北街道福斯特街8号，成立日 期2003年5月12日，上市日期2014年9月5日，公司主营业务涉及太阳能电池胶膜、共聚酰胺丝网状热熔 胶膜、太阳能电池背板等产品的研发、生产和销售。主营业务收入构成为：光伏胶膜90.65%，感光干 膜4.08%，光伏背板2.20%，其他1.25%，铝塑膜0.81%，其他(补充)0.71%，太阳能发电系统0.30%。 福斯特所属申万行业为：电力设备-光伏设备-光伏辅材。所属概念板块包括：铝塑膜、BC电池、 TOPCon电池、生物医药、碳中和等。 截至9月30日，福斯特股东户数6.49万，较上期减少9.54%；人均流通股40208股，较上期增加10.55%。 2025年1月-9月，福斯特实现营业收入117.88亿元，同比减少22.32%；归母净利润6.88亿元，同比减少 45.34%。 机构持仓方面，截止2025年9月30日，福斯特十大流通股东中，香港中央结算有限公司位居第三大流通 股东，持股7046.50万股，相比 ...

Core Viewpoint - Baosteel Co., Ltd. has shown a mixed performance in stock price and financial results, with a notable increase in net profit despite a decline in revenue [1][2]. Group 1: Stock Performance - On January 6, Baosteel's stock price increased by 2.06%, reaching 2.48 CNY per share, with a trading volume of 4.87 billion CNY and a turnover rate of 0.63%, resulting in a total market capitalization of 112.316 billion CNY [1]. - Year-to-date, Baosteel's stock price has risen by 4.20%, with a 3.33% increase over the last five trading days, a 0.40% increase over the last 20 days, and a 2.36% decline over the last 60 days [1]. Group 2: Financial Performance - For the period from January to September 2025, Baosteel reported an operating revenue of 48.08 billion CNY, a year-on-year decrease of 3.58%, while the net profit attributable to shareholders increased by 145.03% to 233 million CNY [2]. - Since its A-share listing, Baosteel has distributed a total of 4.487 billion CNY in dividends, with 90.577 million CNY distributed over the past three years [3]. Group 3: Shareholder Structure - As of December 19, Baosteel had 869,100 shareholders, a decrease of 2.65% from the previous period, with an average of 36,105 circulating shares per shareholder, an increase of 2.73% [2]. - The second-largest shareholder is China Securities Finance Corporation, holding 767 million shares, while Hong Kong Central Clearing Limited, the third-largest shareholder, reduced its holdings by 574 million shares [3].