转自：成都日报锦观 以赛赋能育工匠 以技聚力兴产业 ——百万职工大练兵，能工巧匠注入产业新动能 春潮涌动处，奋进正当时。成都市两会期间，来自产业一线的工匠代表们带着鲜活的一线观察和思考走进会场，让车间的"硬经验"融入发 展"大蓝图"。市人大代表、成都华川电装有限责任公司电气技术员吴承全一抵达报到点便被媒体围住。谈及履职心声，这位从普通电工成长起 来的"中国兵器装备集团技术能手""成都工匠"表示，"一直以来，成都搭建的各类技能赛事平台让我在一次次比拼中攻克技术难关、锤炼过硬 本领，技能真的能改变命运。" 2025年，成都百万职工技能大赛如一场"技能盛宴"，覆盖全市各行各业，从智能车间到田间地头、从新就业形态的服务一线到企业内部的岗位 练兵，层级分明又全域联动的赛事体系让无数像吴承全一样的劳动者找到了成长舞台。这场跨越全年的技能比拼不仅是技艺的较量、人才的选 拔，更成为激活职工创新活力、推动产业提质升级的重要引擎。 赛场即产线 技能比拼精准对接产业前沿 "以前找创新成果难，现在通过赛事就能精准对接，省时又高效。"四川鸿云泽科技有限公司负责人欣喜地说，公司通过赛事签约了AI导览系 统、实景三维重建技术等三项成果，很 ...

（文章来源：新华社） 记者从正在召开的河北省两会获悉，"十四五"时期，河北省创新动能加速释放，转型升级步伐加快，高 端装备成长为万亿级产业。 记者了解到，过去5年河北经济实力跃上新台阶，全省生产总值从2020年的3.68万亿元增长到2025年的 4.93万亿元，实现万亿级跃升，规上工业增加值年均增长6.5%。在此进程中，河北培育形成高端装备、 先进钢铁2个万亿级产业和一批千亿级产业。2025年，高端装备产业拉动规上工业增加值增长2.2个百分 点，装备制造业增加值占规上工业比重为21.2%，较上年提高1.4个百分点。 ...

Core Insights - China Life Insurance has announced plans to invest in a pension industry equity investment fund and a private equity fund in the Yangtze River Delta, with a total commitment of nearly 12.5 billion yuan [1][2] Group 1: Investment Announcements - The pension industry equity investment fund will be established in partnership with Guoshou Qiyuan (Beijing) Pension Industry Investment Management Co., with a total commitment of 8.5 billion yuan, where China Life will contribute approximately 8.4915 billion yuan [2] - The Yangtze River Delta private equity fund aims to focus on AI-driven technology innovation and industrial upgrades, with a total commitment of 5.0515 billion yuan, where China Life will contribute 4 billion yuan [2] Group 2: Factors Driving Investment - Two main factors are driving the increase in private equity investments by large state-owned insurance companies: the need for long-term capital investment and the flexibility of private fund management companies in talent acquisition and governance [3] - The macroeconomic environment of declining interest rates has led to lower yields on fixed-income assets, prompting insurance companies to increase equity allocations for higher returns [5] Group 3: Market Trends - Since 2025, insurance institutions have significantly increased their contributions to private equity funds, with a total of 109.756 billion yuan, marking a 55.85% increase compared to the previous year [4] - Life insurance companies have been the largest contributors, with investments reaching 88.529 billion yuan, a year-on-year increase of 57.05% [4] Group 4: Future Outlook - The trend of increasing equity asset allocation by insurance capital is expected to continue, with diversification in investment sectors and asset classes [6] - The investment strategy will likely evolve to include a mix of public and private markets, with a growing emphasis on non-standard equity assets such as private equity and infrastructure REITs [6]

Core Viewpoint - The article discusses the strategic shift of Skyworth Group from traditional home appliances to the rapidly growing photovoltaic (solar energy) sector, highlighting the company's plans for privatization and the potential for significant growth in its solar business [5][9][43]. Group 1: Company Strategy and Actions - Skyworth Group announced plans for privatization and the listing of its solar subsidiary, Skyworth Solar, on the Hong Kong Stock Exchange [9][11]. - The company is implementing a share buyback plan to facilitate this transition, offering shareholders options for cash or shares in the new solar entity [22][23]. - Following the announcement, Skyworth's stock price surged, indicating strong market support for the company's strategic direction [12][25]. Group 2: Performance of Business Segments - Skyworth's traditional home appliance business has shown sluggish growth, with a revenue increase of only 9.4% year-on-year in the first half of 2025 [51]. - In contrast, the solar business has demonstrated remarkable growth, with revenues reaching 119.34 billion yuan in 2022, a 191% increase from the previous year [39]. - Projections indicate that by 2025, the solar business could surpass the revenue of the traditional television segment for the first time [31][42]. Group 3: Historical Context and Future Outlook - The founder, Huang Hongsheng, has a history of attempting to split off successful business units for independent growth, with previous efforts dating back to 2004 [15][19]. - Despite past challenges, including legal issues and market competition, Huang remains committed to pursuing ambitious growth targets, including a goal of achieving 100 billion yuan in revenue [49][50]. - The future of Skyworth's home appliance business remains uncertain, especially after the planned privatization, raising questions about its ability to compete in a challenging market [56].

Core Viewpoint - The company has made significant progress in various sectors during 2025, focusing on high-quality development and innovation, while implementing the "11346" strategy, marking a pivotal year in its development history [1][16]. Part 1: Coalbed Methane Expansion - The company has expanded its coalbed methane resource area to 511.421 km², a 310.34% increase, by securing development rights and participating in resource auctions [3][17]. - The strategic focus is on comprehensive and efficient utilization of coalbed methane and transitioning the energy industry structure [4][17]. Part 2: Coal Chemical Energy Conservation and Environmental Upgrades - The coal chemical company's energy conservation and environmental upgrade project is a provincial key project aimed at transitioning from traditional to modern coal chemical processes [6][19]. - The project is progressing well, with construction phases moving towards equipment installation, aiming for production efficiency by December [6][19]. Part 3: Coal Resource Expansion - The company successfully acquired the exploration rights for the Shitiao coalfield, covering an area of 15.4903 km² with a total coal resource of 216.7 million tons, enhancing its coal industry foundation [8][21]. - The acquisition is part of a broader strategy to strengthen the company's core functions and ensure sustainable development [8][21]. Part 4: Smart Logistics Park Development - The logistics base project has achieved significant milestones, including the opening of the smart automotive park, which sold 7,099 vehicles generating approximately 687 million yuan in sales [10][23]. - The project aims to establish a regional agricultural product distribution center, contributing to the company's high-quality development [10][23]. Part 5: Jiaxiang Port Development - Jiaxiang Port, launched in August 2025, is the first comprehensive inland port in Shandong Province, focusing on smart logistics and operational efficiency [12][25]. - The port achieved a throughput of 6.6 million tons and revenue of 136 million yuan, setting new historical records [12][25]. Part 6: Wind Power Project Phase II - The company received approval for the second phase of the Qinshui Lanhua wind power project, which includes eight 6.25 MW wind turbines, aiming for a total capacity of 50 MW [15][28]. - This project is expected to significantly contribute to the region's annual electricity generation and support carbon neutrality goals [15][28].

徐州市委书记宋乐伟在参加徐州两会铜山区代表团讨论时，就万亿话题表示"实事求是，顺其自然"。宋乐伟进一步表示，要树立正确政绩 观，"不要纠结于这个数字，不能被数字所累。" 徐州以煤起家，是一座老工业城市，也是苏北及整个淮海经济区经济体量最高的城市。2024年徐州GDP达9537.12亿元，被认为是江苏新的"万 亿城市"有力候选城市。根据今年徐州两会公布的消息，2025年徐州GDP预计增速5.8％左右，若根据此测算，2025年徐州GDP将突破万亿元。 江苏区域现代化研究院特约研究员张春龙在接受21世纪经济报道记者采访时表示，徐州对"万亿之城"的淡化，实则反映其开始关注可持续内生 增长。徐州2024年GDP已接近万亿，但政府的关注点已明显从"冲线"转向如何深化"343"创新产业集群、推动传统产业智能化。这表明，城市 竞争的焦点正从体量转向发展模式的健康度与可持续性。 老工业城市重塑产业根基 徐州是江苏新万亿之城的有力候选，如果2025年徐州GDP破万亿，江苏将拥有6座万亿之城。尽管外界高度关注万亿之城的竞争，徐州市政府 近期表态"实事求是、顺其自然"，强调GDP数字不是唯一标准，为城市发展定下稳健基调。 21世纪经 ...

（原标题：从"三驾马车"看2025中国经济高质量收官的内生逻辑与外部意义） 一、消费向"主引擎"回归：从规模扩容到结构升级的内需逻辑 敦志刚/文 回望2025年的"年报答卷"，值得关注的不是单一指标的亮眼，而是增长结构与发展逻辑的改善：全年最 终消费支出、资本形成总额、货物和服务净出口对经济增长的贡献率分别为52.0%、15.3%、32.7%。 其中，消费贡献超过五成，服务消费与数字消费加速扩容；投资在房地产调整中"去旧立新"，设备更新 与高技术投资抬升资本质量；外贸在不确定性中稳住规模并优化结构，高技术出口与市场多元化增强韧 性；价格、预期、利润等关键变量边际改善，为2026年开局提供更顺畅的宏观环境。 由此可见，中国经济的优势正在从规模体量的"静态优势"，转化为制度协同、产业升级、市场整合带来 的"动态优势"。 资后，固定资产投资仅下降0.5%，显示投资下行主要来自房地产调整的拖累而非实体经济全面收缩。 分领域看，基础设施投资下降2.2%，制造业投资增长0.6%，房地产开发投资下降17.2%；新建商品房销 售面积88101万平方米，下降8.7%，销售额83937亿元，下降12.6%，表明房地产仍在出清与重 ...

Core Viewpoint - The Jinan Rail Transit Group held a work meeting to outline its 2026 objectives, emphasizing a development philosophy centered on public welfare and operational efficiency, while focusing on six key strategic battles to ensure a strong start to the 14th Five-Year Plan [1][3] Group 1: Project Development - Accelerate project construction and orderly advance the planning of the third phase, ensuring the west section of Line 6 is completed and operational within the year, while continuously enhancing the rail transit network [3] Group 2: Financial Sustainability - Enhance financial resilience by focusing on sustainable finances, improving financial management, and continuously refining treasury system construction to boost financial work quality and risk prevention capabilities [3] Group 3: Cost Efficiency - Deepen cost reduction and efficiency enhancement by attracting and nurturing passenger flow, effectively increasing ticket revenue, managing operational costs, and revitalizing subway commercial development to improve operational efficiency [3] Group 4: Asset Management - Focus on asset revitalization through innovative methods, accelerate land transfer in specific areas, and deepen the development and operation of Transit-Oriented Development (TOD) projects to build new competitive advantages [3] Group 5: Business Philosophy Transformation - Shift business philosophy to prioritize market and efficiency, strengthen internal management, promote technological innovation and industrial collaboration, and expand into emerging fields to cultivate new productive forces [3] Group 6: Digital Intelligence Integration - Accelerate the formulation of a digital intelligence development plan, enhance application-driven scenarios, strengthen the recruitment and training of high-end talent, and promote deep integration of technology and business to create a new model of intelligent and green development [3]

Market Overview - The market experienced a mild increase this week, with the average daily trading volume in the Shanghai and Shenzhen markets significantly declining, yet remaining at a historical high of approximately 2.7 trillion [1][3] - A-shares have escaped short-term emotional fluctuations and returned to a rational operational track, supporting a steady and gradual bull market trend [1][3] - Market activity remains high, indicating numerous investment opportunities [1][3] Investment Strategy - The company anticipates that the market will exhibit a "slow bull" characteristic until the Chinese New Year, with rapid theme rotations [1][3] - A long-term investment strategy is recommended, focusing on selecting stocks with favorable long-term trends while avoiding short-term speculation [1][3] Long-term Focus Areas 1. The repeated TACO (Trade Adjustment and Cooperation Agreement) by the U.S. may lead countries to accelerate self-sufficiency in defense, resources, finance, and supply chains, intensifying resource competition and indicating an upward cycle for commodities [1][3] 2. The intensifying global technology competition is driving the domestic strategy for technological self-reliance, presenting dual development opportunities in the A-share technology growth sector through domestic substitution and industrial upgrading [1][3] Industry Performance - In the past week, the construction materials, oil and petrochemicals, and steel industries performed notably well, with respective increases of +9.23%, +7.71%, and +7.31% [14]

2026年1月月15日日，由申万宏源证券担任独家主承销商的"山山东大大集控股集团有限公司 2026年面面向专业投资者非非公开发行行公司债券（第一一期）"成功发行行，本期债券发行行规 模10亿元，期限5年期，票面面利率2.70%。本期债券的发行行是山山东大大集控股集团在资 本市场的首首次亮相，全场认购倍数1.99倍，获得投资者的踊跃认购，充分体现了资本 市场对山山东大大集控股集团信用用水水平、综合实力力和发展前景的高高度认可，为山山东大大集控 股集团在资本市场良好运作、持续发展奠定坚实基础。 山山东大大集控股集团 是临沂市兰山山区重要的产业园区运营载体，自自组建以来围绕临 沂市物流、木木业、农业等特色色优势产业，以及临沂市木木业之都、物流之都、市场名 城、文文化名城、江北水水城、创新之城的发展目目标，承担了临沂市现代物流城一一系列产 业园区的开发运营工工作，包括智慧云仓、木木业科技众创园、中农财金金科技物流产业园 等，未来将发展成为以资产经营（产业园开发运营）为核心心，城市服务、金金融服务、 数字商贸为支支撑的 "一一体三翼"式综合性的产业控股集团。 本内容最终解释权归申万宏源证券有限公司所有。 免责声明 投资 ...