2026年马年春节作为假期延长后的首个春节，叠加消费市场持续回暖的利好态势，成为检验酒类产业转型成效、洞察消费趋势变革的关键窗口。中国酒业 协会结合全国多地市场调研、渠道反馈及第三方数据监测发现，马年春节酒类消费市场呈现"结构分化、理性升级、场景多元、品质为王"的鲜明特征，高 端酒稳健承压、大众酒韧性凸显、特色酒多点突破，行业正从"规模扩张"向"质效提升"稳步迈进，在团圆年味中书写高质量发展的新答卷。 一、消费核心转向：理性回归主导，品质需求凸显 马年春节，酒类消费彻底告别"盲目攀比、过度消费"的旧模式，"少喝、喝好、喝对"成为主流共识，消费者决策更趋理性，品质与性价比成为核心考量因 素，这也与行业长期"由规模向质量的转型方向高度契合。 从消费行为来看，消费者主权时代特征愈发明显，开瓶率取代渠道库存成为衡量品牌健康度的核心指标，头部酒企纷纷通过精准投放、扫码促销等措施， 将资源集中于促进终端开瓶，推动行业增长引擎切换至真实消费。调研显示，春节期间多数消费者饮酒频次较往年有所减少，但对酒体品质、酿造工艺的 关注度显著提升。 价格带表现呈现清晰的"两极稳健、中端承压"格局：100元以下光瓶酒、口粮酒销量同比增长； ...

新京报讯(记者张璐)"副中心有变化"系列新闻发布会首场活动2月25日举行。记者从会上获悉，通州北 关站、北运河西站停车场年内投用，将提供超4000个停车位。 运河商务区以产业集聚为核心精准招商，今年已对接129个项目、引入75家重点企业，蓝海华业、中碳 科工等科技、低碳领域企业纷纷落户，覆盖科技研发、绿色低碳、国际贸易等多个领域，产业集聚效应 不断凸显。今年以来，新增注册资本金3.63亿元，含注册资本1亿元以上企业1家、千万元以上企业11 家，推动企业实地办公18家，实现新签约租售办公空间1.1万平方米。 走在运河边，最直观的感受就是运河商务区的建设节奏越来越快，城市天际线每天都有新惊喜。"我们 为11个重点项目成立专项工作专班，一对一跟进、逐个破解堵点问题，为建设按下'快进键'，今年预计 新增完工面积25万平方米。其中，大运河畔249.9米高的地标建筑运河天项目已成功封顶。"运河商务区 党工委书记、管委会主任王铮说，这座崭新地标与千年运河交相辉映，成为运河边一道亮眼风景。远洋 乐堤港办公楼也顺利完成竣工验收，宽敞规整的办公空间正恭候企业入驻。 2025年，运河商务区税收达69.6亿元、同比增长5.2%，成为 ...

内容概况：我国在钢渣综合利用方面的研究起步相对较晚。近年来，随着国家对环境保护和固体废弃物 资源化利用的重视程度不断提升，钢渣在筑路、建材以及混凝土等领域的应用逐步拓展。钢渣的有效综 合利用不仅能够回收其中的废钢和金属铁，还能显著提高钢铁企业矿产资源的整体利用率，有助于降低 生产成本，并缓解因钢渣堆存带来的土地占用和环境污染等生态问题。这对推动钢铁企业循环经济发 展、实现节能减排目标以及促进行业可持续发展具有重要意义。数据显示，2025年中国钢渣利用规模约 为12891万吨，同比增长2.8%。未来，随着技术持续进步、政策支持强化以及资源化标准体系的完善， 中国钢渣利用规模有望进一步扩大。 相关上市企业：方大特钢（600507）、首钢股份（000959）、沙钢股份（002075）、华菱钢铁 （000932）、山东钢铁（600022）、杭钢股份（600126）、柳钢股份（601003）、中国建筑 （601668）、中国中铁（601390）、中国铁建（601186）等。 相关企业：郑州沃特节能科技股份有限公司、江苏融达新材料股份有限公司、上海中冶环境工程科技有 限公司、河北物华循环资源有限公司、宝武集团环境资源科技 ...

腊月二十八，我沿着河堤徒步至院校街大桥，开启了无人机巡航。无人机刚升空不久，我透过屏幕发现 了一处半隐在水面下的渔网，这是典型的非法渔具。我立刻截图定位，通过巡河APP将问题上传到"县 域数字河湖平台"，整个过程不过几分钟。 数字监管平台大大提高了处置效率。上传问题后，系统会自动精准派单给辖区河长，通常24小时内，隐 患就能彻底清理完毕。 山东潍坊昌邑市水利局工作人员曲成成—— 清清潍河是新年最好礼物 昌邑段是潍河入海前的最后一程，也是全市重要的水源地、生态屏障。 作为一名退伍老兵，今年是我管护潍河的第三个年头。平日里，每半个月我都会沿着河道仔细巡护，重 点盯防那些易出问题、隐患多发的河段；每逢重要节日，巡河就成了每日的必修课。如今有了无人机的 助力，从空中全景巡查，管护工作变得高效又便捷，隐患也无所遁形。看着潍河的生态环境一年比一年 好，我打心底里高兴。 结束巡河回到家，我的手机收到了整改完成的反馈，看着屏幕上干净整洁的河面，心里的踏实感是新年 里最好的礼物。 我操纵着无人机盘旋上升，视野愈发开阔。清澈的河面上，水鸟时而低头啄食，时而振翅掠过水面，灵 动的身影为潍河添了无限生机。 河长制实施之前，潍河也曾历 ...

记者在采访该企业负责人时了解到，年会表彰的一百多名先进个人，都是从一线工作岗位涌现出的先进 典型，他们用自己的辛勤付出不仅为团队赢得了荣誉，而且为公司丙午马年稳起步、开好局打下坚实的 基础。据悉，该企业通过今年八项重点工作布局，将进一步提升企业的内在动力、推进企业的高质量发 展，为天津的经济腾飞做出更多的贡献。 日前，天津浩源瑞成服务企业有限公司召开年会，以表彰员工的形式拉开丙午马年的大幕，为企业实 现"十五五规划"开局之年任务目标凝聚前行的动力。 企业的兴衰，是社会发展的晴雨表。作为一家以能源为主体、服务多元化的现代企业，天津浩源瑞成服 务企业有限公司多年来始终秉持强基固本、服务社会的经营理念，不肓目扩张、不靠噱头拉风，而是脚 踏实地、苦练内功，全身心地打造一支作风正派、素质过硬的企业团队。尽管在过去的一年里面对很多 困难，但该企业仍保持良好的发展势头，着力绿色低碳、产业化升级、智慧型人才培养、文企触合等方 面的创新探索，并以专业性的精准发力和高素质的团队作风，赢得服务对象和社会各界的广泛好评。特 别是在圆满完成了哈尔滨亚冬会、达沃斯论坛、上合峰会等重大活动保电任务以及蓟州区抗洪救灾等工 作的同时，主动承担 ...

Core Viewpoint - The construction of the Sanya International Duty-Free City Phase III project has accelerated, with the main structure fully capped and various construction processes advancing simultaneously towards a phased completion goal by 2026 [4][6]. Group 1: Project Overview - The total construction area of the Sanya International Duty-Free City Phase III project is 412,700 square meters, and it is a key project in Hainan Free Trade Port [4]. - The project aims to enhance the vacation and leisure experience in the Haitang Bay area, attracting foreign consumer spending and positioning Haitang Bay as a premier cultural and commercial tourism destination in Hainan [4]. Group 2: Technical Challenges and Innovations - The project faced significant challenges due to its coastal location, including strong water permeability of the soil and high corrosion potential, necessitating innovative solutions for anti-floating safety and corrosion resistance [4][5]. - A comprehensive anti-floating technology was developed, utilizing "anti-floating anchor rods and raft foundations," along with a 300mm adjustable drainage well to dynamically manage water levels [4]. - The concrete used in the project has achieved a sulfate resistance level of KS120, significantly enhancing its impermeability and durability, with both core technologies reaching international leading standards [5]. Group 3: Construction Techniques and Sustainability - The project features the country's first prefabricated underground commercial complex, with a single underground area of 196,000 square meters, employing seamless construction techniques to minimize post-pouring joints [6]. - It is set to become the first "zero-carbon" commercial complex in the country, integrating over 60,000 square meters of underwater photovoltaic panels and a flexible power distribution system, currently recognized as a green low-carbon demonstration project in Hainan [6]. - The construction team is increasing personnel to nearly 1,000 as the project enters a peak construction phase, emphasizing safety, quality, and progress [6].

更值得关注的是项目结构的实质性转变。在新签合同清单中，除房建、市政等传统优势领域外，水利、 风电等绿色低碳项目开始占据一席之地。这一变化对应着陕建股份内部明确的战略转向：将新质生产力 培育纳入考核体系，设立新兴产业孵化专项，加速布局低空经济、新型建筑材料等前沿赛道。公司相关 负责人表示，传统施工业务毛利空间收窄已是行业共性，必须通过产业结构调整打开新增长极，而风 电、光伏、城市更新等方向正是当前政策与市场的双重交汇点。 ● 本报记者 何昱璞 2026年开年，陕建股份经营工作呈现稳健开局。公司近日披露，1月份实现新签合同额近50亿元，在延 续近年平稳增长态势的同时，业务结构与市场布局出现实质性优化。其中，水利、风电等绿色基建项目 批量落地，省外及海外项目占比首次突破三成；城市体检、光伏发电等新兴赛道亦相继进入商业化运营 阶段。从施工主业延伸至城市体检、光伏能源等新兴领域，陕建股份正以多元布局对冲周期性压力，以 产业升维重塑增长逻辑。 新签合同稳增 2026年1月，陕建股份发布公告，公司及下属子公司中标4个5亿元以上施工项目，合计金额48.34亿元。 具体来看，陕西建工集团股份有限公司迪拜分公司以26.43亿元， ...

Core Viewpoint - China's aluminum products are becoming more fashionable and environmentally friendly, and the country is not relocating factories to Southeast Asia as it did in the past, but rather revitalizing its own manufacturing capabilities [1][3]. Industry Dynamics - The global electrolytic aluminum production capacity has seen a significant shift, with 13 million tons moving from northern regions like Shandong and Henan to the greener valleys of Yunnan and Sichuan, which is comparable to the total production of North America [1][6]. - China's strategy focuses on maintaining control over its aluminum industry, emphasizing national strategic security and the dominance of the industrial chain, rather than outsourcing high-energy-consuming industries [3][4]. Environmental and Economic Factors - The shift to Yunnan is driven by the availability of renewable energy sources, such as hydropower, which accounts for over 90% of the energy used, resulting in lower electricity costs (20% cheaper than Shandong) and minimal environmental pressure [6][8]. - The carbon emissions from aluminum produced using Yunnan's hydropower are significantly lower, at 1.8 tons of CO2 per ton of aluminum, compared to over 13 tons from coal-fired power [8][9]. Market Opportunities - By 2025, China is projected to export 750,000 tons of aluminum products to Europe, where the carbon tariffs could cost over €24.4 million annually if produced using coal power, while the green aluminum from Yunnan would easily meet standards and command higher prices [9][10]. - The aluminum production value in Wenshan is expected to exceed 100 billion yuan by 2025, with the region becoming a leading hub for aluminum production in China [11][12]. Infrastructure and Logistics - The rapid growth of the aluminum industry in Wenshan is evident, with an annual growth rate of 50%, surpassing many coastal development zones, although logistical challenges exist due to high demand and limited infrastructure [12][14]. - The transition to Yunnan involves rebuilding supply chains, talent pools, and infrastructure, which poses challenges but also highlights the strong coordination capabilities of Chinese enterprises and local governments [14][16]. Strategic Outlook - As international dynamics become more complex, China aims to tighten control over its industrial chain and leverage its green aluminum industry to break through carbon barriers imposed by Europe and the U.S., turning these challenges into opportunities [16][17].

Core Insights - Dalian has become the first "trillion-yuan city" in Northeast China, showcasing its industrial vitality and economic strength during the 2026 Spring Festival [1][13] - The Dalian Port, as the largest comprehensive port in Northeast China, reported a container throughput of over 5.4 million standard containers in 2025, ranking fourth globally, with a year-on-year growth of 3.6% in foreign trade container throughput [1][13] Industry Overview - Dalian has developed traditional industrial clusters centered around petrochemicals and equipment manufacturing, which constitute over 80% of its manufacturing sector [2][15] - The petrochemical industry in Dalian is the largest in Northeast China, with a complete industrial chain from crude oil processing to fine chemicals [3][16] Growth and Transformation - The petrochemical sector is expected to achieve steady growth, aiming to establish a 500 billion yuan green petrochemical industry cluster by 2025, with an industrial added value growth of 8.9% [3][16] - Dalian's industrial transformation is characterized by a shift from "heavy oil" to "light chemicals" and from "quantity" to "quality," supported by the "Three-Year Action Plan for the Cultivation and Enhancement of the Green Petrochemical Cluster" [3][16] Innovation and Research - The Dalian Institute of Chemical Physics is a key driver of innovation, focusing on core technology breakthroughs in energy chemistry and fine chemical materials [5][17] - The institute has established a comprehensive transformation system from basic research to engineering and industrialization, effectively bridging the gap between laboratory breakthroughs and production [5][19] Future Development - Dalian aims to cultivate seven industrial clusters worth over 100 billion yuan during the 14th Five-Year Plan period, including a 500 billion yuan green petrochemical cluster and an 180 billion yuan equipment manufacturing cluster [8][20] - The city is actively developing a new materials industry park in the Puwan Economic Zone, focusing on critical material technology advancements and promoting the cluster's high-end development [8][20]

岁律更新，春祺已至。值此马年新春佳节来临之际，我谨代表山证（上海）资产管理有限公司，向长期以来信任、支持我们的广大投资者，致以最诚挚的 新春祝福和最衷心的感谢！祝愿大家龙马精神、马到功成，阖家幸福、万事顺遂！ 从投资前景来看，马年资本市场机遇与挑战交织，结构性机会凸显，值得重点布局。在政策引导与产业升级的双重驱动下，科技创新领域的人工智能、高 端制造、生物医药等领域，将持续受益于技术突破与政策支持，成为长期投资的核心主线；绿色低碳领域随着"双碳"目标推进，新能源、节能环保等产业 迎来发展黄金期，相关投资机会持续涌现；消费复苏与内需扩大背景下，品质消费、服务消费等领域有望焕发新活力。 面对新的市场环境，山证资管将坚守"以终为始，追求卓越"的工作方法论，立足160万亿元中国资管生态，深挖自身资源禀赋，聚焦特色化和差异化，推 动核心竞争力从直接投资能力向资产配置能力提升；加快产品创新步伐，围绕投资者多元化需求，推出更多适配不同风险偏好的产品，构建覆盖全生命周 期的财富管理服务体系；坚守合规风控底线，完善风险防控机制，强化投资者权益保护，以更规范的运作、更专业的服务回报投资者信任；积极融入"十 五五"发展大局，紧扣资 ...