反内卷持续推进，2026年有望扭亏。前期政策持续出台，从"规范价格行为"以及"落后产能有序退出"两 方面综整治反内卷。本次CPIA大会，能源局、工信部以及行业协会继续强调高位推进反内卷。12月12 日，北京光和谦成完成注册，"多晶硅产能整合收购平台"正式落地，该平台规划保留的硅料产能不会超 过150万吨。目前行业硅料近300万吨的产能，产能有望加速退出。在平台落地后，根据硅业分会数据， 大多数多晶硅企业均将新单报价上调至约6.5万元/吨以上，跳涨约20%，执行订单价格仍为前期所签51- 53元/公斤区间。此外，硅片回暖(M10L/G12R/G12硅片价1.2/1.25/1.5元/片)；电池松动(M10L/G12R/G12 电池价0.28/0.275/0.28元/W报涨到0.3元/W)，银价新高推升成本；组件维稳(常规0.63-0.66元/W，高功率 0.67-0.7元/W)，年底国内外需求暂歇(国内项目尾声+海外双旦)。该行认为光伏作为国内"反内卷"重点 行业之一，政策纾困或技术迭代有望加速供给出清，硅料引领盈利修复，2026年全行业有望扭亏， 26Q2或可见曙光。 BC、钙钛矿及铜浆加速规模化量产。该行认为 ...

"大洋生物的文化是立足现有优势产品，沉下心来把它做精、做深、做细、做优，做出规模效应。"大洋 生物董事长陈阳贵说，公司不搞花架子，而是扎扎实实地把钾盐主业做强，同时让兽药和含氟精细化学 品这两翼协同发展。 一脉清泉，自群山奔涌而出，入兰江，汇钱塘，浩浩荡荡奔向东海。兰江从山涧走向大海，大洋生物也 从兰江畔出发，用约五十年时间完成了从社办企业到全球细分市场龙头的跨越。 在陈阳贵看来，这主要得益于几个关键布局，放在首要位置的就是深化公司"一体两翼"格局。一方面， 公司不断强化技术创新，提升产品竞争力，助推规模化发展，让钾盐这个"主体"在全球的地位更牢固； 另一方面，让"两翼"（含氟精细化学品和兽药）真正"飞"起来，成为重要的增长点。 为夯实主业，大洋生物把"专精"刻入发展基因，坚信"技术就是硬道理"，选择"死磕"技术。"最让团队 自豪的就是自主研发的'离子交换闭路循环系统及高效蒸发生产碳酸钾工艺'，既显著降低了生产能耗， 又实现了含氨氮废水的资源化利用，走出一条绿色高效的可持续发展之路。"陈阳贵说。 除了技术过硬之外，产品定位"高精尖"是大洋生物多年发展的又一经验。"碳酸钾属于轻质碳酸钾，具 有堆积密度小、比表面 ...

"硬科技企业的核心竞争力源于自主研发，健信超导始终坚持'聚焦主业，技术创新'的核心方向。"许建 益表示，基于这一理念，公司对并购重组的态度审慎。短期内，公司将集中资源投入核心技术迭代与产 能扩张，通过内生增长筑牢发展根基。 从具体落地动作来看，健信超导本次募集资金将投向年产600套 无液氦超导磁体项目、年产600套高场强医用超导磁体技改项目，以及新型超导磁体研发项目。 "进入 资本市场后，企业的责任更重、压力更大，但我们绝不会浮躁。"许建益表示，未来健信超导仍将稳扎 稳打，以技术创新为核心驱动力，以市场需求为导向，在医疗健康领域持续赋能民生，在工业领域深挖 超导技术价值，走出一条硬科技企业的高质量发展之路。 "硬科技创业既是技术战，也是持久战。唯有以初心为舵、以坚韧为帆、以格局为岸，才能穿越行业周 期，实现技术报国的梦想。"健信超导董事长许建益表示，"进入资本市场后，企业的责任更重、压力更 大，但我们绝不会浮躁。"未来公司仍将稳扎稳打，以技术创新为核心驱动力，以市场需求为导向，走 出一条硬科技企业的高质量发展之路 在医疗装备国产化浪潮下，MRI（医用磁共振成像）设备核心部 件的自主可控，已成为突破行业瓶颈的关 ...

Core Insights - The expansion of the Hangzhou Comprehensive Bonded Zone is a key initiative to enhance the city's high-level opening-up and boost the outward-oriented economy, providing new momentum for economic and social development [1] - Hangzhou's foreign trade has transformed from "scale expansion" to "quality improvement" during the 14th Five-Year Plan period, driven by technological breakthroughs and market diversification [1][2] - The city's foreign trade enterprises are focusing on innovation to build competitiveness and avoid risks associated with single markets, resulting in significant growth in exports [2][5] Foreign Trade Performance - From January to November 2025, Hangzhou's total import and export value reached 823.7 billion yuan, with exports of 587.8 billion yuan, marking an 8.8% year-on-year increase, outpacing national and provincial averages [1] - High-tech product exports reached 90.5 billion yuan, while electromechanical product exports exceeded 281.7 billion yuan, both showing growth rates significantly higher than the overall export growth [2] Industry Highlights - Zhejiang Chunfeng Power Co., Ltd. exemplifies success in high-end equipment manufacturing, with motorcycle exports growing from 8,000 units in 2020 to 126,000 units in 2024, achieving a compound annual growth rate of 69.99% [3] - The average export price of Chunfeng's products increased from $3,000 in 2020 to $6,500 in 2025, with exports to Central Asia and Southeast Asia growing by 120% [3] - Specialized and innovative enterprises are making significant strides in niche markets, with companies like Xianlin 3D Technology and Xuxian Technology achieving substantial international sales [3][4] Market Diversification - Hangzhou's strategy of market diversification has proven effective, with exports to Belt and Road countries reaching 291.9 billion yuan, a 14.6% increase year-on-year, accounting for 49.7% of total exports [5] - The city has expanded its trade partnerships, with 56 partners achieving trade volumes exceeding 1 billion yuan, including new partners like Iraq and Kazakhstan [5] Supportive Policies and Platforms - The city has organized 406 outbound delegations and participated in 643 overseas exhibitions, generating over 50 billion yuan in intended orders [6] - Cross-border e-commerce has become a key driver for new market expansion, with export growth rates reaching 29% and significant increases in cargo volumes [6] Role of Private Sector - Private enterprises play a crucial role in Hangzhou's foreign trade, with exports from private companies reaching 451.2 billion yuan, accounting for 76.8% of total exports [7] Emerging Industries - New industries such as renewable energy and digital economy are driving export growth, with electric vehicles and lithium-ion batteries seeing exports increase significantly [8] - Cultural exports have also gained traction, with the cultural industry’s added value reaching 344.8 billion yuan, reflecting a 54.3% increase since 2020 [9] Conclusion - Hangzhou's dual focus on technological innovation and market diversification has led to a robust foreign trade performance, with significant growth in both traditional and emerging sectors [10] - The city aims to continue enhancing its high-tech industries and expand its global trade footprint, contributing to its status as a key player in the global economy [10]

Group 1 - Shenzhen has announced rewards for 21 cross-border e-commerce companies, totaling 32.319 million yuan for 36 projects, with notable companies like Saiwei and Chuangxiang Sanwei receiving significant amounts [1] - Six companies, including Xing Shang Chuang Xin and Yun Ji Zhi Neng, received the maximum reward of 3 million yuan each, while others received 2 million and 1 million yuan [1] - Shenzhen is recognized as a core hub for cross-border e-commerce, with policies supporting the development of independent sites to enhance international market competitiveness [1][2] Group 2 - The Shenzhen Municipal Bureau of Commerce has outlined support policies for 2025, encouraging cross-border e-commerce companies to build their own brands and independent sites, with a maximum reward of 1 million yuan per site [2] - Over 100 independent brand sites have been established in Shenzhen, which are becoming crucial for the international expansion of Shenzhen brands [2] - The awarded projects exhibit three characteristics: focus on niche markets, multi-market strategies, and strong technological R&D capabilities [2] Group 3 - Shenzhen's cross-border e-commerce is transitioning from platform dependency to brand building, as traditional sellers seek new growth avenues amid rising platform costs and stricter compliance [3] - The shift from "platform dependency" to "brand creation" marks a new era for Shenzhen's cross-border e-commerce, emphasizing the importance of independent sites [3] - The integration of independent sites and platforms is seen as a strategy to enhance customer acquisition and brand value, positioning brand expansion as a key growth driver for cross-border e-commerce [3]

Core Viewpoint - The article highlights the evolution of Dayang Biological from a collective enterprise to a global leader in niche markets over approximately fifty years, emphasizing its commitment to refining its core potassium salt business while developing its two wings: veterinary medicine and fluorine fine chemicals [2][3]. Group 1: Company Development and Strategy - Dayang Biological has focused on deepening its core business and enhancing product quality, which has led to significant achievements in the potassium carbonate market [3][4]. - The company has established a robust supply chain, allowing it to reduce reliance on upstream raw materials and optimize its industrial chain [3][4]. - The firm aims to solidify its position in the global potassium carbonate market, targeting a market share of nearly 50% by 2024 [4]. Group 2: Financial Performance - In the first three quarters of 2025, Dayang Biological reported a revenue of 747 million yuan, representing a year-on-year growth of 11.24%, while net profit attributable to shareholders reached 80.04 million yuan, up 56.12% [4]. Group 3: Technological Innovation and Sustainability - The company has developed a proprietary ion exchange closed-loop system and efficient evaporation process for potassium carbonate production, significantly reducing energy consumption and promoting wastewater resource utilization [4][6]. - Dayang Biological's products are characterized by high quality and precision, making them suitable for high-end applications in food, pharmaceuticals, and pesticides [4][6]. Group 4: Market Expansion and Global Reach - Dayang Biological has established long-term partnerships with over 20 domestic and international listed companies, expanding its market presence to more than 50 countries and regions [4][6]. - The company is actively exploring new markets, including semiconductor materials, and is collaborating with institutions to enhance product applications in feed additives [8][9]. Group 5: Organizational Structure and Culture - The company emphasizes a scientific personnel management system and incentive mechanisms, which are crucial for its stable development [7][8]. - Dayang Biological has a strong focus on talent cultivation and technological innovation, being recognized as a national high-tech enterprise and a "little giant" in specialized and innovative sectors [9].

格隆汇12月23日丨中简科技(300777.SZ)在互动平台表示，我司高性能碳纤维产品主要应用于航空航天 领域，未来公司将持续以技术创新为核心导向，不断研发推动产品迭代升级，以满足市场多元化需求。 ...

"十四五"收官之年，中国汽车行业3个3000万辆令人振奋！ 今年10月，一汽-大众迎来第3000万辆整车下线；截至11月，我国汽车产销全年双双突破3100万辆，同比增长均超10%；12月，长安汽车第3000万辆 中国品牌汽车下线。这足以证明，在中国这一兼具活力和潜力的市场，无论是合资企业还是中国品牌，都能持续发展壮大，实现价值提升。 技术创新领域同样捷报频传。今年以来，全固态电池研发取得关键进展，多家整车企业、电池企业明确落地时间表，产业化前景广阔。智能网联汽车 也发展迅猛。前三季度，具备组合驾驶辅助功能的乘用车新车渗透率已达64%，首批L3级有条件自动驾驶车型获得准入许可。 不过，我们也要认识到，在市场、技术高歌猛进之时，新旧动能转换也催生了诸多矛盾，如行业内"价格战""口水战"等非理性竞争时有发生，行业利 润率连年下滑。更为严峻的是，"内卷式"竞争问题在汽车产业存留已久，长此以往不仅侵蚀企业研发投入能力，更可能损害品牌长期价值，影响产业可持 续发展。 鲜花与荆棘交织，在"十五五"规划开局的关键节点，中国汽车产业必须尽快明确发展方向。日前召开的中央经济工作会议，部署了8项重点任务，其 中有6项与汽车业息息相 ...

Group 1: Company Recognition - Vatti Co., Ltd. has been awarded the "Annual Listed Company Brand Influence Model" title by Hexun's "Financial Wind and Cloud List" due to its strong brand influence, continuous technological innovation, and stable operational performance [1][12] - The Financial Wind and Cloud List has been held for 23 consecutive years, attracting over a thousand companies, and is recognized as a credible evaluation in China's financial sector [1] Group 2: Innovation and R&D - In the first half of 2025, Vatti's R&D investment reached 116 million yuan, an 18% increase year-on-year, with a total of 172 million yuan in the first three quarters, maintaining a leading position in the industry [4][15] - Vatti has accumulated 4,690 national-level patents, including 835 invention patents, showcasing its technological strength [4][15] - The company launched the new oxygen ultra-thin range hood J6230ZS, featuring a suction power of 31m³/min and a static pressure of 1350Pa, integrating performance and aesthetics [4][15] Group 3: Product Innovation - Vatti has developed 543 "good cleaning" patented technologies, enhancing kitchen experiences through high cleaning rates and innovative washing techniques [6][17] - The "Surfing Steam Washing" technology for range hoods achieves a 99.2% cleaning rate for the impeller, while the dishwasher's technology has been recognized at an international leading level [6][17] Group 4: ESG Strategy - Vatti integrates ESG principles into its corporate strategy and daily operations, aiming for a balance between economic, environmental, and social values [7][18] - The company is actively responding to national "dual carbon" goals by investing in a digital and intelligent industrial park, with renewable energy usage projected to reach 32% of total electricity consumption by 2024 [9][20] Group 5: Social Responsibility - Vatti's social contributions include a total of 4.55 million yuan in public welfare investments for 2024, supporting initiatives for families with autism [9][20] - The company emphasizes a user-centric approach and aims to create a harmonious ecosystem among stakeholders [9][20] Group 6: Financial Performance - Vatti achieved a gross margin increase to 43.29% in 2025, demonstrating resilience in a challenging market environment [11][22] - The company's practices indicate a commitment to long-term value creation through user focus, technological advancement, and social responsibility [11][22]

在本场行业瞩目的荣耀盛典中，厨电三杰之一的华帝烟机E6095ZS历经大众评审，专家评审等层层选 拔，从众多竞争者中脱颖而出，一举获得红顶奖，成为烟机品类唯一获奖的产品。 此次入围及获奖企业包括博世、松下、东芝、美的、海尔、卡萨帝等行业头部品牌。华帝也是唯一家入 围，并最终荣获大奖的专业厨电品牌。 随着行业迈入深水区，消费升级持续深化，高端家电市场正迎来体验升级的核心变革期。消费者对家电 的需求已从基础功能满足，转向对品质感、智能化、健康化及家居美学的综合追求，行业也向更高质 量、更具创新性的方向延伸迈进。 12月17日，以"耀·不凡"为主题的第17届中国高端家电趋势发布暨红顶奖颁奖盛典盛大启幕。作为中国 高端家电与消费电子领域的权威标杆，红顶奖十余年来始终坚守推动产业优化与消费升级的初心，成为 衡量品牌核心竞争力与产品市场认可度的重要标尺。在此行业背景下，兼具硬核科技与人文关怀的高端 家电产品，正成为激活市场增长、满足消费者美好生活向往的关键力量。 此外，华帝灶具8E37P与美肌浴燃气热水器GW6i也同步荣获提名奖，以"一奖两提名"的亮眼战绩，彰显 了中国高端厨电领导品牌的强劲实力与行业影响力。 硬核科技铸就 ...