Core Viewpoint - The article emphasizes the importance of self-reliance in manufacturing and highlights the technological breakthroughs and global leadership of the company, SANY Heavy Industry, in the engineering machinery sector [1][3]. Group 1: Technological Innovation - SANY Heavy Industry has developed over 200 products with independent intellectual property rights, showcasing its commitment to innovation [3]. - The company has successfully implemented digital twin technology, reducing product design cycles by 30%, lowering testing costs by 25%, and increasing production line efficiency by 25% [5][6]. - The research team, led by He Songquan, has made significant advancements in data interaction architecture and introduced a "mechanism + AI" hybrid modeling strategy [5]. Group 2: International Expansion - SANY Heavy Industry has adopted a unique internationalization strategy, initially targeting the high-end European market despite facing challenges [7]. - The company has established over 40,000 excavators in Europe, becoming the leading domestic brand in terms of market share [7]. - In 2021, the company's international market revenue was 1.991 billion yuan, with overseas revenue reaching 2.194 billion yuan in the first half of the current year, accounting for 64.31% of total revenue [8]. Group 3: High-End and Green Transformation - The company focuses on customized R&D to meet high-end market demands, integrating advanced technologies such as 5G, AI, and big data into its products [9]. - SANY Heavy Industry is committed to green development, incorporating low-carbon principles throughout its product development and manufacturing processes [9]. - Future plans include expanding the application of digital twin technology across more product lines and increasing R&D investment to achieve breakthroughs in cutting-edge technology [11].

美国在经济领域的决策失误，已经成为全球关注的焦点。这种失误不是偶然，而是源于长期的自负和对 国际格局的误读。 从贸易摩擦到技术竞争，美国原本以为能轻松维持领先地位，却在现实中屡屡碰壁。 这位经济学家直言，美国从未预料到中国能在现有规则体系内实现如此全面的赶超，这暴露了美国战略 规划的短板。 在全球经济一体化进程中，美国的这种判断偏差，不仅影响了自身发展，还加剧了国际贸易的不稳定 性。 回顾中美经济互动的历史，美国在过去几十年一直将中国视为一个需要引导的发展中经济体。 加入世贸组织后，中国通过改革开放逐步融入全球市场，美国则期待中国会按照西方模式演变。 然而，中国选择了适合自身国情的路径，注重长期规划和产业升级。这与美国依赖市场自发调节的模式 形成鲜明对比。 经济学家指出，美国低估了中国在关键领域的布局能力，比如在新能源产业，中国早在十多年前就开始 系统投资，而美国直到最近才匆忙跟进。这种时间差导致美国在竞争中处于被动。 在电动汽车领域，美国的失误尤为明显。中国通过构建完整的产业链，从原材料到整车制造，实现了成 本控制和规模效应。 相比之下，美国企业面临供应链依赖和成本高企的问题。即使施加高额关税，也难以扭转中 ...

0:00 "十四五"的东风 吹过创新的前沿 科技的璀璨之光 照亮前行的道路 这是一束 刺破苍穹的自强之光 这束光 标记自主创新的高度 这是一束 跃动神州的奔涌之光 光之所流 是这片土地奔腾不息的创新脉动 这是一束 这是一束 照彻深蓝的探索之光 这束光 铸就向海图强的深度 浸润烟火的民生之光 这束光 也让科技有了最动人的温度 从跟跑到引领，从追光到发光 在科技的浪潮中 我们书写"中国智造"新篇 下一程 继续以科技之光 照亮强国之路 策划：杨玉华 胡国香 曹晓轩 记者：陈诺 屈彦 吴慧珺 AIGC：屈彦 吴慧珺 胡小凡 赵梦茹 苗雅静 统筹：王文源 ...

Core Viewpoint - XCMG Machinery (000425.SZ) is enhancing its investment value through share buybacks, dividends, and shareholder increases, while maintaining a strong focus on its core business and improving its fundamentals [2][11]. Shareholder Increase - XCMG Group, the controlling shareholder, increased its stake in XCMG Machinery by 1.7795 million shares on December 26, 2025, with an investment of 19.9692 million yuan, representing 0.015% of the total share capital at an average price of 11.22 yuan per share [4][5]. - The group plans to increase its holdings by no less than 80 million yuan and no more than 160 million yuan over the next six months [4][5]. Financial Performance - For the first three quarters of 2025, XCMG Machinery reported revenue of 78.157 billion yuan, a year-on-year increase of 11.61%, and a net profit attributable to shareholders of 5.977 billion yuan, up 11.67% year-on-year [3][11]. - Since the completion of its restructuring nearly three years ago, the company has achieved cumulative revenue of 262.665 billion yuan and a net profit of 17.279 billion yuan [3][12]. Dividend Policy - XCMG Machinery has a stable dividend policy, having distributed a total of 12.445 billion yuan in dividends since its listing [7][6]. - The company aims for annual cash dividends to be no less than 40% of the distributable profits for the next three years (2025-2027) [6]. Share Buyback - XCMG Machinery has spent 3.05 billion yuan on share buybacks in 2025, with plans to repurchase shares worth between 1.8 billion and 3.6 billion yuan for employee stock ownership plans [9][10]. - As of November 30, 2025, the company has repurchased 315 million shares, accounting for 2.68% of the total share capital, with a total expenditure of 2.75 billion yuan [9][10]. Market Position - XCMG Machinery is a leading player in the domestic construction machinery industry, with its main products, including truck cranes and road rollers, ranking first in the market [11]. - The company has maintained a strong focus on innovation and has accumulated 12,163 domestic patents, including 4,262 invention patents [13].

证券日报网讯 12月29日，圣邦股份（300661）在互动平台回答投资者提问时表示，公司参股企业首次 公开发行上市，在财务层面，目前对公司影响不大，未来公司会继续支持其稳健成长；在经营层面，公 司专注于模拟集成电路的研发与销售，拥有较为全面的模拟（含模拟信号和混合信号）集成电路产品矩 阵，全面覆盖信号链和电源管理两大领域及传感器和存储器等，目前拥有38大类6600余款产品，广泛应 用在工业与能源、汽车、网络与计算和消费电子等领域。在光通讯领域，公司有近十年的耕耘，电源管 理产品有长期批量应用，并可与参股企业形成协同。未来公司将持续加大研发投入，积累核心技术，坚 持自主创新，把握市场机会，持续稳步提升长期竞争力。 ...

Core Viewpoint - The technology industry in 2025 has shown strong beginnings and endings, highlighted by the launch of DeepSeek and the Huawei Mate 80 series, representing both the sharpness and breadth of Chinese technology [2]. Group 1: DeepSeek and Huawei Mate 80 Series - DeepSeek emerged as a benchmark in the large model sector, providing high-performance AI tutoring to children in remote areas [2]. - The Huawei Mate 80 series has established a complete technology ecosystem, from hardware to software, and surprised many by choosing to lower prices despite rising storage chip costs [2]. - The Mate 80 series achieved a market share of 27.81% in a single week (W48), with Huawei maintaining a 32% share in the $600-$800 price range and a 30% share in the high-end market above $800 for the first three quarters of 2025 [2][4][6]. Group 2: Market Performance and Brand Strength - The perception that the Mate 80 series' success is solely due to price reduction is challenged; the brand's strength and innovation history play crucial roles [7][8]. - The Mate series has consistently led industry trends in design and imaging technology, with significant innovations such as the ten-stop physical variable aperture in the Mate 50 series [11]. Group 3: Technological Innovations - The Mate 80 series features a classic star-ring design and advanced materials, enhancing both aesthetics and user experience [13][15]. - The Mate 80 RS expands color representation to the BT.2020 color space, crucial for photography enthusiasts [17]. - The second-generation red maple imaging technology in the Mate 80 series has upgraded from a 3x3 to a 4x4 spectral array, hinting at future advancements [19]. Group 4: Performance and Operating System - The Mate 80 Pro Max shows a 42% performance improvement over its predecessor, a significant leap in the Mate series [20]. - The HarmonyOS has seen rapid adoption, with user upgrades increasing from 1.61 million to 32.82 million within a year, indicating a successful ecosystem development [22][23]. Group 5: Future Outlook - The Mate 80 series represents a significant transformation for Huawei, showcasing advancements in both hardware and software, and setting the stage for future innovations in the high-end smartphone market [29][31]. - The success of the Mate 80 series is not just a victory for Huawei but also for the entire Chinese technology industry, marking a shift from passive following to active definition of global tech development [31][32].

格隆汇12月29日丨圣邦股份(300661.SZ)在互动平台表示，公司专注于模拟集成电路的研发与销售，拥 有较为全面的模拟（含模拟信号和混合信号）集成电路产品矩阵，全面覆盖信号链和电源管理两大领域 及传感器和存储器等，目前拥有38大类6600余款产品，广泛应用在工业与能源、汽车、网络与计算和消 费电子等领域。目前公司车规级芯片已量产数百款，广泛应用于汽车各个功能域。未来公司将持续加大 研发投入，积累核心技术，坚持自主创新，把握市场机会，持续稳步提升长期竞争力。 ...

来源：环球网 在国家金融自主创新深化落地、乡村振兴战略全面推进的关键节点，区域性金融机构的数字化转型正迎 来全新机遇与挑战。作为扎根黔山大地的金融主力军，贵州农信携手华为打造的新一代全栈自主创新核 心系统成功投产，不仅实现了自身技术底座的全面焕新，更树立起中小金融机构自主创新转型与普惠金 融服务深度融合的行业标杆，为全国农信系统的数字化升级提供了可复制、可推广的"贵州方案"。 扎根乡土的特殊使命与转型之惑 贵州农信自2003年成立以来，始终坚守"根在农村、命在农业、情系农民"的立社之本，已发展成为省内 业务规模最大、服务覆盖最广、从业人员最多的银行业金融机构，是贵州"三农"与普惠金融当之无愧的 主力军。 不同于城市金融机构聚焦高净值客户和大型企业的业务逻辑，贵州农信的服务对象呈现出散、小、频的 典型特征：农户的小额生产经营贷、个体工商户的应急周转资金、乡镇居民的基础金融服务构成核心业 务场景。这些客群既要求流程简便、成本低廉，又需要系统具备应对偏远山区网络波动、高并发小额交 易的能力。而贵州多山的地理特征导致传统金融服务物理触达成本居高不下，不同县域的产业差异更对 金融产品定制化提出极高要求，需要系统兼顾标准 ...

Core Viewpoint - The successful launch of the domestically developed "Tianquan" solver by Southern Power Grid marks a significant breakthrough in China's power system technology, ending reliance on foreign technology and showcasing the country's commitment to self-innovation [1][30]. Group 1: Technological Breakthrough - The "Tianquan" solver was developed over five years by a domestic engineering team and outperforms similar American products in several aspects, including a 14% faster calculation speed [4][12]. - The solver has achieved a maximum calculation speed improvement of 38%, crucial for ensuring the stability of the power grid during complex scheduling tasks [14]. - "Tianquan" has reduced computational errors by 23% and improved operational stability by 21%, enhancing the safety of the power market [16]. Group 2: Market Impact - The introduction of "Tianquan" has allowed Southern Power Grid to support the continuous operation of the Southern regional electricity market, which includes five provinces and involves over 2,400 different types of power generation units [20][22]. - The solver has significantly improved calculation efficiency, reducing the time required for power trading and ensuring high operational efficiency [24]. - During peak summer demand, "Tianquan" successfully managed the increased power load, preventing any power outages and ensuring stable electricity supply [26]. Group 3: Economic Benefits - The implementation of "Tianquan" has led to daily savings of 70 million yuan in generation costs for Southern Power Grid, contributing to a reduction of 18,600 tons of carbon dioxide emissions annually [28]. - This development is pivotal for China's green energy transition and efforts to lower carbon emissions [28]. Group 4: Future Prospects - The success of "Tianquan" enhances China's technological autonomy in the power sector and opens new avenues for the development of self-controlled technologies in global power systems [30].

报告建立了涉及高校在校研究生数、国家大学科技园在孵企业数、发明专利授权量等指标的指数评估体 系，围绕投入、转化、效能为我国创新人才发展"画像"。结果显示，2016年至今，指数呈"早期增长较 快-中期速度减缓-后期速度再次加快"的增长态势。这说明我国实施新时代人才强国战略取得了一定成 效，投入和效能指数上升迅猛。其中，高校科技论文发表数稳定增长，国家行业标准形成数、专利所有 权转让及许可收入等呈快速增长趋势。这体现出我国在科技效能上更注重自主创新，实现了科技创新成 果质量提升，稳步推进科技成果转化。 转自：北京日报客户端 我国创新人才发展指数呈稳步增长趋势，近3年年均增长率为15.03%。12月28日，首都经济贸易大学和 社会科学文献出版社联合发布《人才蓝皮书：中国创新人才发展报告（2025）》，分析创新人才和群体 的规模、结构和发展趋势。 报告还预测了我国创新人才发展势头良好，提出创新人才区域和领域发展不均衡的问题，建议强化未来 产业重点领域创新人才的吸纳和培养，大力促进产才融合，以加快新质生产力发展。 来源：北京日报客户端 今年，报告特别关注面向未来产业的创新人才和群体，重点围绕两院院士、国家最高科学技术奖 ...