Group 1: Dual Ring Technology (000707.SZ) - The company has made significant progress in the transformation of its new energy materials, with its pilot production line for sodium-ion composite cathode materials achieving its first product output on February 6, 2026, marking a transition from R&D to large-scale production [1] - The sodium-ion materials have been sampled to 18 downstream battery cell customers, with some customers completing tests and issuing qualified reports. The company has established strategic partnerships with upstream and downstream enterprises and plans to advance the construction of a sodium-ion industrial park to promote industrialization [2] - The company held a board meeting on February 10, 2026, to review and approve the expected daily related party transactions for 2026, which requires attention to the execution of subsequent related transactions [3] Group 2: Dual Ring Transmission (002472.SZ) - There have been no significant event announcements recently, with market focus shifting towards the company's fundamentals and long-term industry trends [4] - According to institutional summaries from January 2026, multiple institutions maintain a positive outlook on the company, viewing it favorably as a high-precision gear platform enterprise with promising overseas prospects and new business developments in robotic joints [5] - The year 2026, as the beginning of the "14th Five-Year Plan," is expected to see macro policies supporting high-end manufacturing and technological innovation, along with ongoing trends in artificial intelligence and robotics, which are considered external environmental factors that may influence the company's long-term development [6]

到2026年2月，中美贸易摩擦已进入一个全新阶段。关税壁垒不断加码，供应链的调整也在持续进行。最初，很多人担心这场冲突会引发更大的危机，但实 际情况却揭示了双方经济的强大韧性，似乎并未如外界预测的那样崩塌。 面对外部压力，中国在过去几年加大了科技创新的投入，推动高质量发展，提升了高技术制造业的比重，并在内需方面做出了更多的努力。这些举措不仅增 强了经济的韧性，也让中国在面对挑战时更加从容。如今，站在2026年的节点上，可以明显看出，无论是中国还是美国，都已经具备了应对外部冲击的能 力。两国经济的韧性在这一轮博弈中得到了全面检验，且双方都在寻找各自的平衡点，努力应对这场贸易战带来的种种不确定性。 说到底，中美作为全球两大经济体，彼此之间的经贸关系虽然紧密，但并非不可或缺。中国凭借着完整的工业体系和强大的产能优势，成功维持了经济的平 稳运行。而美国则凭借其广阔的市场规模和强大的调整能力，也能应对这场贸易冲突带来的影响。经过这几年的博弈，双方都证明了这一点。到2025年，通 过多轮磋商，关税水平发生了阶段性调整和暂停，部分农产品采购也恢复到一定规模。尽管过程中充满波折，但这显示出对话和协商依然是两国务实的选 择。 ...

Core Viewpoint - The Chinese capital market has shown strong resilience and vitality amid reforms, reflecting a steady economic progress and quality improvement in 2023 [4]. Group 1: Industry Performance - In the past year, the total volume of the Chinese capital market has increased, and its structure has been optimized, indicating robust growth [4]. - The company has achieved a significant milestone with its actively managed equity funds ranking in the top 10% of the industry over the past seven years, with a performance ranking of 11 out of 121 as of the end of 2025 [4]. - The company has become the first fund company to have a bond ETF scale exceeding 100 billion yuan, with a continuous growth in the total management scale of its six bond ETFs [4]. Group 2: Future Outlook - The "14th Five-Year Plan" is expected to release policy dividends, with corporate profit recovery anticipated and a trend of global capital reallocation emerging [4]. - Key areas such as technological innovation, industrial expansion, domestic demand recovery, and high-dividend assets are seen as rich structural opportunities for investment [4]. - The company aims to enhance its research and investment system, improve its product offerings, and provide high-quality asset management services to investors in 2026 [5].

2025年全球百强创新集群排名中，深圳—香港—广州、北京、上海—苏州分别位居第1、第4、第6位， 要建设北京（京津冀）、上海（长三角）、粤港澳大湾区国际科技创新中心，制定一体推进教育科技人 才发展方案，全面增强创新能力。 中央财办分管日常工作的副主任、中央农办主任韩文秀16日在《求是》发表的署名文章《坚持稳中求 进、提质增效努力实现"十五五"良好开局》中提到，下一步，要围绕关键着力点，纲举目张落实好中央 经济工作会议部署的重点任务。 2025年内需对经济增长的贡献率超过2/3，其中消费贡献率达到52%。要坚持内需主导，建设强大国内 市场。 韩文秀介绍，当前，我国正在从以商品消费为主转向商品消费和服务消费并重，要适应消费结构变化， 扩大优质商品和服务供给，清理消费领域不合理限制措施，释放服务消费潜力。我国新型城镇化、科技 创新、产业创新、民生改善等方面都还有很大投资空间。着眼惠民生增后劲，高质量推进城市更新。有 效激发民间投资活力，推动投资止跌回稳。 韩文秀表示，要推动科技创新和产业创新深度融合，因地制宜发展新质生产力。其中，加快产业升级步 伐，制定服务业扩能提质行动方案，实施新一轮重点产业链高质量发展行动。高 ...

Core Viewpoint - The article emphasizes the importance of maintaining stability while seeking progress and improving quality in economic work, aiming for a good start to the "15th Five-Year Plan" [3][4]. Group 1: International and Domestic Situations - In 2025, the economic work will be reviewed, highlighting achievements during the "14th Five-Year Plan" and analyzing both international and domestic challenges [3][4]. - Internationally, geopolitical tensions and economic instability are increasing, with predictions of a decline in global trade growth from 2.4% in 2025 to 0.5% in 2026 [5]. - Domestically, there are significant challenges such as weak consumer demand and investment growth, with per capita consumer spending growth lagging behind disposable income growth [6]. Group 2: Economic Support and Reform - The article outlines five essential principles for economic work, including fully tapping economic potential and combining policy support with reform innovation [8][9]. - It stresses the need for a balanced approach between market freedom and government regulation to foster a healthy economic environment [10]. Group 3: Investment and Human Capital - There is a call for a dual focus on investing in physical assets and human capital, emphasizing the importance of improving living standards and developing human resources [11][12]. - The need for investment in education, healthcare, and skills training is highlighted to enhance overall productivity and economic resilience [12]. Group 4: Key Economic Tasks for 2026 - The article outlines key tasks for 2026, including expanding domestic demand, promoting technological and industrial innovation, and deepening reforms to stimulate high-quality development [13][14][15]. - It emphasizes the importance of improving the business environment and enhancing cooperation in international trade [16]. Group 5: Social Welfare and Risk Management - There is a strong focus on improving people's livelihoods, with policies aimed at stabilizing employment and enhancing social services [17]. - The article also addresses the need for effective risk management in key sectors, particularly in real estate and local government debt [18].

Group 1 - The core message emphasizes the importance of achieving a good start for the "15th Five-Year Plan" by adhering to the principles of stability and progress while enhancing quality and efficiency in economic work [2][20] - The 2025 Central Economic Work Conference is highlighted as a significant meeting post the 20th Party Congress, where key economic strategies for 2026 were outlined [2][20] - The overall economic performance in 2025 is described as better than expected, with notable progress in modern industrial system construction and risk mitigation in key sectors like real estate [21][22] Group 2 - The article identifies persistent challenges in China's economic development, including insufficient consumer and investment growth, and difficulties faced by enterprises [24][5] - It notes that the global economic landscape is undergoing significant changes, with geopolitical tensions and economic uncertainties impacting trade and investment [22][23] - The World Trade Organization forecasts a decline in global goods trade growth from 2.4% in 2025 to 0.5% in 2026, indicating potential external pressures on China's economy [23] Group 3 - The article outlines five essential principles for economic work, including the need to fully tap economic potential and the importance of combining policy support with reform innovation [28][29] - It stresses the necessity of balancing market freedom with effective government regulation to foster a healthy economic environment [30] - The focus on investing in both physical assets and human capital is emphasized as crucial for sustainable economic growth [31] Group 4 - The need for expanding domestic demand and enhancing the domestic circulation of the economy is highlighted, with consumer spending contributing over 52% to economic growth in 2025 [34] - The integration of technological and industrial innovation is deemed vital for fostering new productive forces, with a strong emphasis on artificial intelligence [35] - The commitment to deepening reforms and expanding openness is reiterated, aiming to stimulate high-quality development and improve the business environment [38] Group 5 - The article discusses the importance of improving and safeguarding people's livelihoods, with a focus on employment stability and enhancing educational resources [17][39] - It outlines strategies for addressing risks in key sectors, particularly in real estate and local government debt management, to maintain economic stability [39][18] - The emphasis on ensuring safety in production and disaster prevention is noted as a critical aspect of economic governance [17][39]

开栏语：马年新春至，辞旧启新程。回顾旧岁，证券业转型深化与公募业高质量发展并行， 成绩斐然；展望新年，"十五五"规划开局，更待擘画新蓝图。值此新春佳节，智通财经启幕 2026年"券商・基金业新年献词"专栏，诚挚邀请券商、基金掌舵人执笔献词，寄语新年，共 话未来。 时间翻开新的篇章，也画下新的刻度。回望过去一年，我们心怀感激；亦满怀期待地展望未来。在此， 我谨代表兴证全球基金，向长久以来信任并支持我们的每一位投资者与合作伙伴，致以最诚挚的感谢和 最美好的新春祝福！ 刚刚过去的2025年，是公募基金孕育新机的一年。我们见证了上证指数时隔十年再度站上4000点，投资 者信心与配置意愿回升；我们也深刻地感受到科技的浪潮，资金与创新产业双向奔赴，为投资注入新的 活力。一系列推动行业高质量发展的顶层设计与改革举措相继落地，引导行业回归"受人之托、代客理 财"的本源。 在产品布局上，我们将一如既往基于投资者的真实需求，持续打造具有长期竞争力的产品，努力在自身 能力圈内，构建清晰、丰富、能适配不同风险收益需求的产品线。近年来，我们在巩固主动权益管理与 固收投资优势的同时，布局了包括"固收+"、指数增强、FOF及ETF等的系列 ...

春节长假正式开启，江苏各机场迎来节前春运最高峰。连日来，记者随省国资委调研组深入多家机 场，实地探访今年春运各项准备情况，感受科技与服务升级下的"温暖归途"。 科技创新成为保障机场运行平稳高效的重要力量。在扬州泰州国际机场，智能气象实验室成为"天 时"参谋，航务管理部副部长蒋启进介绍，其研发的"爱美翼"平台已实现气象数据可视化、预警推送智 能化、协同决策场景化三大核心功能，不仅有效提升了航班的正常率，改善了旅客出行体验，也为航空 物流的时效性提供了有力保障，同步提升了运行效益。 在常州奔牛国际机场，一台外形呆萌的"智慧鸟"驱鸟无人履带车正灵活穿梭在场区进行巡检作业。 常州机场飞行区管理部鸟防工作人员杨青波介绍，这款机器人具备超长待机、自主巡逻、越障负重等能 力，在恶劣天气和复杂地形中依然可稳定作业。投入使用以来，作业区域内鸟类活动量同比减少64%， 为航班起降筑起一道智能"隐形屏障"。 在以智能化手段护航安全的同时，各大机场也在服务细节上不断打磨。常州奔牛国际机场地面服务 部经理助理王丹玉介绍，机场围绕"常来往·畅九州"服务品牌，推出"温馨首乘"服务，专为首次乘机旅 客提供从服务台到登机口的全程引导协助；针对 ...

（来源：黑龙江日报） 转自：黑龙江日报 佳木斯电机股份有限公司生产车间。王新新摄 工作人员正在组装农机。王新新摄 □吴双 本报记者 刘大泳 科创聚能破局，产业振兴奋进。2025年，佳木斯市紧扣"3510"总体工作布局，以"科技成果产业化突破年"为 总抓手，扎实推进科技赋能新质生产力各项工作，在创新平台建设、技术攻关、成果转化、生态培育等多领 域实现突破性进展，科创能力持续提质，特色产业集群不断壮大，为全市经济社会高质量发展注入强劲动 能。 技术攻坚+成果转化 产业赋能精准发力 聚焦智能农机、新材料等重点产业领域，佳木斯市集中力量推进关键技术协同攻关，全年推动9项省级关键技 术攻关项目落地，组织实施市级攻关项目30项，较上年增长42.9%，总投资达2.9亿元。 中建材佳星玻璃（黑龙江）有限公司"无机全固态电致变色薄膜"项目完成器件结构优化设计并申请专利，黑 龙江省普田种业集团有限公司"优质高产多抗水稻新品种选育"项目积累种质资源1490份，佳木斯电机股份有 限公司"电机绿色回收再制造研究"项目完成工程样机技术方案研究，一系列硬核成果为产业转型升级提供坚 实技术保障。 成果转化跑出"加速度"，全力推进成果产业化突 ...

（来源：新华日报） □ 本报记者 许愿 倪敏 机场也成为展示地方文化的窗口。 在扬州泰州国际机场，新版登机牌格外吸睛。登机牌顶部"扬""泰"二字分别融入扬州五亭桥与泰州望海 楼的极简线条，将地标文化符号与品牌形象巧妙融合，登机牌同步搭载数字化服务功能，扫码即可直达 机场服务指南与扬州文旅线上导览，实现"登机凭证+服务入口+文化导览"功能三合一。 在南京禄口机场，"苏韵空港 金陵有声"长三角一体化文化空间正成为旅途中的人文驿站。空间依托互 动式展览与多媒体技术，打造沉浸式文化体验场景，旅客可根据个人喜好自主选择书籍阅读或节目收 听。特别是有声"明信片"的创新设计，让旅客不仅能获取具有地方特色的明信片，还能录制语音祝福分 享给亲朋好友。 春节长假正式开启，江苏各机场迎来节前春运最高峰。连日来，记者随省国资委调研组深入多家机场， 实地探访今年春运各项准备情况，感受科技与服务升级下的"温暖归途"。 数据显示，2月2日—12日，东部机场集团保障运输起降13135架次，比2025年春运同期增长3.4%，运送 旅客167.6万人次，比2025年春运同期增长4.4%，成员机场中徐州、盐城和扬泰旅客量实现高速增长， 分别比20 ...