11月18日，由中泰证券作为联席主承销商承销的厦门恒坤新材料科技股份有限公司（股票简称：恒坤新材；股票代码：688727.SH）在上海证券交易所科 创板成功上市，企业实现融资10.10亿元。中泰证券执行总监、投资银行业务委员会主任姜天坊出席上市仪式。 恒坤新材是一家致力于光刻材料、前驱体等集成电路关键材料研发、生产和销售的创新企业，是境内少数具备12英寸集成电路晶圆制造关键材料研发和量 产能力的创新企业之一，在先进制程材料领域构建起了难以复制的技术"护城河"。近年来，恒坤新材多次承担国家科技重大专项课题、发改委专项课题等 研究任务，成功实现技术攻关，解决集成电路关键材料的行业"卡脖子"难题，为境内集成电路产业发展作出重要贡献。随着本次募投项目的建设，恒坤新 材有望在未来的国产化浪潮中持续拓展市场份额，成长为全球光刻材料领域的重要力量。 恒坤新材IPO项目是资本市场的明星项目，从IPO受理到上市，仅用不到11个月的时间。在服务过程中，中泰证券团队以高效的执行和全方位的综合金融 服务，深度参与了发行过程多个关键环节，切实履行了资本市场"看门人"的职责。助力恒坤新材成功上市，是中泰证券践行"以客户为中心"、追求"美 ...

11月18日，南京市工会第十八次代表大会开幕。中华全国总工会向大会召开发来贺信。省委常 委、市委书记周红波，省人大常委会副主任、省总工会主席魏国强讲话。市领导李忠军、吕德明、王立 平、李佰平出席。 南京警备区、市人民团体代表致贺词。谈健代表市总工会第十七届委员会作工作报告。 周红波代表市委、市人大常委会、市政府、市政协，向大会召开表示热烈祝贺，向全市广大职工群 众和工会工作者致以诚挚问候。他说，今年是中华全国总工会成立100周年，回望南京波澜壮阔的工运 历史，在党的坚强领导下，南京工人阶级在各个历史时期都充分展现了主人翁的豪迈姿态和主力军的使 命担当。实践充分证明，全市广大职工群众不愧是推动南京高质量发展的中流砥柱。党的中心任务就是 工运事业的时代主题，新征程上，希望全市广大职工群众坚持以习近平新时代中国特色社会主义思想为 指导，牢记习近平总书记对江苏工作殷殷嘱托，大力弘扬劳模精神、劳动精神、工匠精神，自信自强、 勇挑重担，以更加昂扬的精神状态、苦干实干的奋斗姿态，为推进中国式现代化南京新实践注入磅礴的 工人力量。 市委常委，市有关部门和各区委主要负责同志，来自全市各行各业的市工会十八大代表等出席会 议。 魏 ...

Summary of Shandong Road and Bridge's Conference Call Company Overview - **Company**: Shandong Road and Bridge - **Industry**: Infrastructure and Construction Key Points 1. Business Performance and Outlook - The company reported good operational development in Q4 2025, with optimistic bidding results for external market projects and active internal highway projects, expecting stable growth in Q4 despite weather-related impacts on project progress in North China and northern regions [2][3][4] - The revenue and net profit targets for 2025 remain unchanged, with the final results dependent on the opening and revenue contributions in the last three months of the year [2][5] 2. Market Conditions and Strategic Focus - The infrastructure market in Shandong province is expected to maintain stable growth from the end of the 14th Five-Year Plan to the 15th Five-Year Plan, with increased funding and policy support anticipated in 2026 [2][6] - The company is actively expanding into the northwest, southwest, and Southeast Asian markets [2][6] 3. Overseas Market Performance - The overseas market orders performed excellently, reaching over 9 billion yuan in the first half of 2025, with expectations to reach around 10 billion yuan for the entire year [2][7][8] - The major shareholder's orders are expected to enter the bidding phase in the next two months, contributing to growth [8] 4. Dividend Strategy - The company plans to gradually increase the total dividend amount over the next few years, continuing a strategy of multiple dividends per year and annual increases to provide fixed expectations for investors [2][9] 5. Profit Margin Management - The company has implemented cost control measures through the "cost reduction and efficiency enhancement" initiative and the "two 1%" project, which focuses on strict cost management before and during project execution [3][10] - Profit margins vary significantly based on project content and location, but the company aims to continue improving overall profit margins [10] 6. Cash Flow Management - The goal for 2025 is to achieve positive operating cash flow, with measures in place to improve cash flow, including a lifetime responsibility system for project managers and shared collection targets for the leadership team [3][11] - The company has diverse financing channels and low costs, enabling it to support daily operations and expand market share [11] 7. Market Value Management - The Shandong Provincial State-owned Assets Supervision and Administration Commission is seeking opinions on market value management guidelines, which are expected to be published by the end of 2025 or early 2026 [12] - The management of market value will impact leadership compensation and employee salary assessments, emphasizing the importance of performance in this area [12] 8. Emerging Markets and New Opportunities - The company has made significant progress in overseas markets, achieving a 100% year-on-year growth, with a short-term goal of overseas revenue accounting for over 10% of total income [13][14] - The company is also exploring opportunities in urban renewal and municipal engineering, as well as in low-altitude economy sectors [14][16] 9. Participation in Low-Altitude Economy - Currently, the company has limited participation in the low-altitude economy in Shandong, but it recognizes the potential for future involvement, leveraging existing infrastructure [16] This summary encapsulates the key insights from the conference call, highlighting the company's performance, strategic direction, and market conditions.

未来，中国银行安徽省分行将充分发挥集团全球化优势、综合化特色，不断创新金融服务模式，多方位 赋能科技创新与产业创新深度融合，为培育新质生产力、服务地方经济高质量发展提供坚实的金融支 撑。（湛玮琦） "中试"是产品正式投产前的试验阶段，介于实验室研发与规模化生产之间，主要用于验证技术可行性、 工艺稳定性和生产适应性。在科技转化的链条上，中试是把实验室"种子"转化为市场"果实"的重要环 节，也是不少企业，尤其是中小企业需要金融支持的关键阶段。 编辑：张震 转自：新华财经 为破解中试环节的融资与风控难题，今年7月，中国银行、中国人保共同发布《"中试保融通"综合金融 服务方案》。该方案聚焦重点产业领域的中试平台建设，覆盖中试验证全链条，为中试平台、中试用户 及科研人才提供全方位的资金支持和风险保障。 11月12日，中国银行安徽省分行联合人保财险，成功落地安徽省首笔"中试保融通"业务，标志着银保协 同服务科技企业成果转化迈出实质性一步，为金融助力科技创新提供了新路径。 此次落地的首单服务对象为合肥一家专注于人工智能技术研发与应用的高新技术企业、专精特新"小巨 人"企业。该企业依托国家级科研平台，致力于能源数智化与算力基 ...

近年来，宁夏聚焦企业全生命周期发展需求，着力构建层次清晰、路径畅通、梯次晋级的科技企业培育 体系，通过政策、金融、平台、人才等多元要素协同发力，企业创新活力持续迸发，创新主体地位不断 夯实，全区科技企业培育实现扩量提质，为科技创新和产业创新深度融合奠定了坚实基础。越来越多的 企业沿着"研发投入—创新成果—产业应用—市场份额"的创新链条稳步前行，在持续突破中积蓄发展动 能。 原标题： 全区科技型高成长创新型企业总数突破3600家 11月18日，记者从宁夏回族自治区科技厅获悉，2025年全区备案入库国家科技型中小企业3002家，新认 定自治区雏鹰企业108家、瞪羚企业26家、创新型标杆企业29家。目前，全区科技型及高成长创新型企 业总数已突破3600家，呈现出数量稳步增长、结构持续优化、质量加快提升的良好态势。 在科技企业梯次培育过程中，宁夏注重政策集成与资源贯通，持续完善"创新在企业、支撑在平台、动 力在政策、活力在人才"的培育机制，强化研发费用后补助、科技金融、财政奖补、税收优惠等政策工 具协同发力，助力企业轻装上阵、专注创新。共享装备、小牛自动化、威力传动、维尔铸造、隆基宁光 仪表、塞尚乳业等一批创新型标杆 ...

Core Insights - The 20th Central Committee's Fourth Plenary Session emphasizes accelerating innovation in artificial intelligence and digital technologies, highlighting the importance of computing power as a new productive force in the digital economy [1] - The development of a computing power industry system is crucial for advancing digital industrialization and fostering new industries and business models, which will support the modernization of China [1] Group 1: Current State of Computing Power Industry - China's computing power has seen rapid growth, with a notable emphasis on green and low-carbon characteristics in the industry [1] - Despite growth, challenges such as resource dispersion and low utilization rates persist, hindering the vitality of the computing power industry [2] - The lack of clear standards and legal frameworks for computing power construction is a barrier to high-quality development in the sector [2] Group 2: Strategic Recommendations - It is recommended to enhance the construction of computing power centers and optimize the supply structure to match regional development strategies effectively [2] - Encouragement of core technology breakthroughs is essential to improve the self-supply capability of computing power, focusing on high-end chips and algorithm development [3] - Establishing technical standards and regulations is necessary to ensure the legality and compliance of computing power services, guiding infrastructure development and market operations [4]

11月12日，"才聚潍坊·技能兴潍"第五届潍坊市职业技能大赛成果展示暨闭幕式活动在潍坊市技师 学院举办。活动现场集中展示新兴产业、传统基础、乡村振兴、现代服务等120余个优秀赛项，既呈现 竞赛产生的优秀作品，也展现了优秀选手的精湛技艺与工匠风采。 活动期间，同步举办潍坊市技工教育办学成果展，20所技工院校集中展现校企合作特色、优势专业 建设等办学成果，并举办潍坊市首届卓越技能大师风采展，通过各位技能大师成长成才经历，进一步激 励广大技能人才。 近年来，潍坊市深入实施"人才强市"战略，扎实推进"技能兴潍"行动，持续深化技能人才培养机制 改革，搭建起全省规模最大的市级职业技能竞赛平台，培养出一大批优秀技能人才，在全国全省职业技 能大赛中屡创佳绩，综合成绩名列前茅，为全市新质生产力发展注入了强劲人才动能。（记者 张蓓） ...

深圳的初冬还带着徐徐暖意，深圳宝安国际会展中心内更是热火朝天。 11月14日，第二十七届中国国际高新技术成果交易会（以下简称"高交会"）在这里盛大启幕，一场科技 与未来的技术盛宴火热上演。 近5000家企业齐聚一堂，实物展品比例超90%，从仿生机器人到无人机，从半导体到新能源，每一件展 品都在诉说着科技的魅力与力量。 首发首秀活动超过60场，首展展品占比达20%以上，全球首发的太空游项目等引爆观众热情，排队体验 队伍几乎挤爆展区。 高交会启幕当日，华夏基金便携手全景一同走进这"中国科技第一展"，并邀请了深信服AI应用首席专 家、AI应用负责人王军领，华夏基金资深研究员郑晓瑜，华夏基金高级策略分析师王强，财经大V、董 指导研究主理人董世敏，直击前沿技术风暴，深入探寻未来科技发展新机遇。 "国之重器"展：关键技术"自主可控"，迈向"制造强国" 走进9号馆"国之重器"展区，中国航天、国家电网、中国船舶等巨头齐聚一堂，展示着各自在关键技术 领域的最新突破。 "如今，我们在中国空间站、探月工程、深海探测、石油开采等方面，均取得了显著成就。"华夏基金高 级策略分析师王强表示。 会上，中国航天科技集团全球首发的太空游项目， ...

三是优特钢出口面临外部承压，国际市场亟待破局。受全球经济增速放缓、贸易保护主义抬头等因素影 响，特钢出口形势面临挑战。今年1月—9月份，特钢协重点统计会员企业累计出口优特钢材577万吨， 同比下降1.3%。其中，板材和钢管同比均有下降，棒材、线材和其它品种保持增长。汪世峰指出，这 既需警惕外部环境的不确定性，更需行业主动谋划国际市场布局，以优质产品与多元渠道打开新局面。 四是效益指标显著改善，发展质量持续提升。今年1月—9月份，重点统计会员企业利润总额为160亿 元；平均销售利润率达4.30%，同比提升2.63个百分点；亏损面收窄至20%，同比降低12个百分点。利 润率的提升与亏损面的收窄，标志着特钢行业从"规模扩张"向"质量效益"转型取得实质性成效，也为行 业持续投入研发、推动创新提供了坚实保障。 汪世峰指出，当前行业处于机遇与挑战并存的关键期。从挑战来看，全球经济增长放缓、贸易保护主义 抬头，挤压国际市场空间；"普转优、优转特"加剧产能过剩，市场竞争更趋激烈；原材料价格波动、环 保成本上升，企业盈利承压；部分高端技术依赖进口、创新人才短缺等均制约行业核心竞争力提升。从 机遇来看，国家制造强国战略的深入推进 ...

Group 1: Core Insights - The overall performance of the Sci-Tech Innovation Board (STAR Market) shows a total revenue of 1.11 trillion yuan, with a year-on-year growth of 7.9%, and a net profit of 49.27 billion yuan, up 8.9% year-on-year for the first three quarters [1] - The quarterly net profit of STAR Market companies has seen a significant year-on-year increase of 75%, indicating a strong recovery momentum [1] - R&D investment by STAR Market companies reached 119.74 billion yuan, which is 2.4 times the net profit, with a median R&D intensity of 12.4%, leading all A-share sectors [1] Group 2: Industry Trends - The STAR Market focuses on hard technology, particularly in sectors such as electronic chips, emerging software, biomedicine, and intelligent manufacturing, reflecting the rise of advanced manufacturing in China [2] - The top five industries on the STAR Market are electronics, biomedicine, power equipment, computers, and machinery, collectively accounting for 88.6% of the market capitalization [4] - The recent performance of the STAR Market has shown mixed results, with the chip sector experiencing a pullback while biomedicine and new materials sectors rebounded [3] Group 3: Fund Flows and ETF Insights - There was a net inflow of 4.79 billion yuan into ETFs tracking STAR Market indices in the past week, although there has been a net outflow of 95.41 billion yuan year-to-date [4] - The Sci-Tech Chip ETF and Sci-Tech Information ETF are highlighted as long-term investment opportunities in the hard technology sector [2][4]