（编辑 任世碧） 证券日报网讯 1月12日，中盐化工在互动平台回答投资者提问时表示，公司持续聚焦主业，推进优势板 块规模化、高端化、差异化，提升优势产品的产业引领力、标准影响力、价格主导力和价值创造力；推 动传统产业优化升级，绿色化数字化智能化发展；积极布局新业务领域，拓展新发展空间，塑造新的竞 争优势，推动企业高质量发展。 ...

连日来，以"奋斗的你我 奋进的中国"为主题的2025中国正能量网络精品征集展播活动正在火热开展。 活动聚焦过去一年砥砺前行的中国故事，汇聚成昂扬澎湃的时代强音，以充沛的正能量激励亿万人民同 心同行、奋发奋进，共同绘就民族复兴的壮阔图景。 中国经济，从来都是在风雨洗礼中成长，在历经考验中壮大。2025年，面对复杂严峻的国内外环境，中 国经济巨轮稳舵前行，交出了一份稳中有进、向新向优的亮眼答卷。看宏观大盘，全年经济增长预计保 持在5%左右，经济总量迈向140万亿元新台阶，继续领跑世界主要经济体。看产业结构，规模以上装备 制造业和高技术制造业增加值分别增长9.3%和9.2%，快于规上工业增加值3.3和3.2个百分点，新质生产 力加速形成。看创新成果，人工智能、生物医药、机器人等研发应用跻身全球前列，成为闪耀的"新亮 点"；黑神话：悟空》《哪吒2》……一系列中国文化IP走向世界，受到各国人民的关注和喜爱。一系列 扎实的进展，深刻印证了中国经济韧性强、潜力大、活力足的基本面没有改变，高质量发展其势已成、 其兴可待。中国正能量网络精品征集展播活动正是将这些澎湃动能转化为生动叙事，提振发展信心，鼓 舞人们在新征程上奋力开拓 ...

Core Viewpoint - The book "Reform Breakthroughs and Innovation Guidance: A Study on Institutional Innovation in Qianhai" by Professor Li Shanmin and others provides a comprehensive analysis of institutional innovation in Qianhai, highlighting its role in China's economic transformation and high-quality development [2][8]. Group 1: Institutional Innovation - The book emphasizes the strategic positioning and mission of Qianhai's institutional innovation within the broader context of national governance modernization [3][4]. - It identifies a shift from factor-driven openness to rule-based institutional openness, focusing on regulations, management, and standards [3][4]. - Qianhai's core task is not just economic growth but establishing a system that aligns with international high-standard investment and trade rules [4]. Group 2: Modern Service Industry - The book constructs a framework analyzing modern service industries, legal construction, governance models, and Hong Kong cooperation as integral to institutional innovation [4]. - It details how Qianhai addresses common issues in service industry development, such as the disconnect between technology and economy, through financial innovation and cross-border logistics [4]. - The exploration of financial innovations, including cross-border RMB business and green finance, reveals how Qianhai reduces transaction costs and enhances financial services for the real economy [4]. Group 3: Legal Environment - The creation of a rule-of-law business environment is another focal point, with Qianhai exploring the application of Hong Kong laws and the introduction of Hong Kong jurors [5]. - The book argues that legal certainty is foundational for reducing uncertainty in the market, providing a stable and transparent institutional environment [5]. - It discusses how Qianhai's legal innovations contribute to its competitiveness in attracting global high-end resources [5]. Group 4: Governance Model - The analysis of Qianhai's governance model, particularly the statutory institution model, is highlighted as a key innovation in management structure [6]. - This model effectively addresses efficiency and fairness issues in government function transformation through market-oriented operations [6]. - The book provides insights into successful experiences in de-administrativization and full-staff hiring systems, offering a replicable model for national governance reform [6]. Group 5: Integration with Hong Kong - The book consistently emphasizes the integration of Hong Kong into the national development framework, showcasing Qianhai's role in facilitating this process [6][7]. - It discusses the "soft connectivity" of regulatory mechanisms and "hard connectivity" of infrastructure to break down barriers in the flow of capital, talent, and information between Shenzhen and Hong Kong [6][7]. - The analysis includes successful experiences in cross-border professional practice and financial cooperation, along with constructive policy recommendations for addressing existing regulatory challenges [6][7]. Group 6: Overall Contribution - The book is recognized for its rigorous logic, detailed data, and strong arguments, combining theoretical tools with practical insights from the front lines of reform [7]. - It serves as a systematic summary of over a decade of institutional innovation in Qianhai and provides theoretical guidance for ongoing reforms and openness in China [7]. - The findings underscore that continuous institutional innovation is essential for unleashing market vitality and driving transformative changes in China's economy [7][8].

Core Viewpoint - The "High-Quality Development Blue Book: China Economic High-Quality Development Report (2025)" indicates that China's economic high-quality development index is projected to reach 40.52 in 2024, representing a 24.95% increase since 2015. The report emphasizes the importance of a modern recycling system as a foundational project for promoting resource recycling and the exchange of old consumer goods for new ones [1]. Group 1: Recycling Infrastructure - The report suggests improving the last mile of recycling networks by establishing smart recycling stations in urban areas, equipped with features like automatic identification, weighing, and point redemption for various categories of recyclables [1]. - In rural areas, it recommends building centralized sorting centers to address the scattered nature of recycling points, ensuring effective collection and processing of old items [1]. Group 2: Digital Upgrades - The recycling network should undergo a digital transformation, utilizing AI visual recognition systems to automate the assessment of recyclable items and their value, thereby minimizing human intervention [2]. - The integration of IoT tracking chips will provide each recycled item with a "digital ID," ensuring traceability throughout the recycling process [2]. Group 3: Legal and Regulatory Framework - There is a need to enhance the legal and regulatory framework for recycling, with companies being held accountable for the entire lifecycle of their products [3]. - The establishment of an Extended Producer Responsibility (EPR) system is recommended, which would set recycling rate targets for different product categories and monitor compliance through big data platforms [3]. Group 4: Consumer Engagement - To boost consumer participation in recycling programs, the report suggests incorporating recycling actions into carbon accounts, allowing residents to earn carbon credits that can be exchanged for public services or tax deductions [4]. - It also advocates for the standardization of second-hand goods trading and the establishment of certification mechanisms for refurbished products to enhance consumer trust and participation [4].

Core Viewpoint - The recent adjustment of export tax rebate policies for battery products is expected to significantly impact the lithium battery industry, leading to a surge in production and export activities as companies rush to meet demand before the tax rates decrease [2][3]. Group 1: Industry Response - Upstream companies, particularly leading cathode material manufacturers, are experiencing heightened demand, with some reporting order volumes doubling as they expedite production and delivery schedules [2]. - The adjustment has triggered a "rush to export" among mid and downstream lithium battery companies, aiming to mitigate the impact of reduced tax rebates set to take effect in April 2026 [2][3]. Group 2: Differentiation Among Companies - The policy change is creating a stark divide between leading firms and smaller enterprises, with larger companies benefiting from scale, technological advantages, and global presence, while smaller firms face significant challenges due to their reliance on low-cost competition [3][5]. - Leading battery manufacturers, such as CATL, are showing strong overseas performance, with significant revenue from international markets, while smaller firms struggle with higher costs and lower margins [4][5]. Group 3: Impact on Different Segments - The upstream resource sector is expected to benefit in the short term from increased demand due to the rush to export, while long-term demand for lithium resources remains robust despite short-term price fluctuations [6]. - The midstream materials sector is experiencing a dual pressure of increased orders from downstream but also rising raw material costs, leading to a complex profit landscape [6]. - The downstream battery manufacturing sector is facing significant cost increases due to the reduction in export tax rebates, particularly affecting consumer electronics battery companies with thin margins [7]. Group 4: Policy Background and Logic - The adjustment of export tax rebates is part of a broader strategy to transition the lithium battery industry from subsidy dependence to market-driven competition, reflecting the industry's maturity and global leadership [8]. - The policy aims to alleviate overcapacity and homogenization issues within the industry, as the average profit margin across the lithium battery supply chain has dropped to 3.64% [8]. - The move also seeks to balance international trade relations and optimize fiscal resource allocation, reducing reliance on subsidies while focusing on high-end manufacturing and emerging technologies [8]. Group 5: Future Outlook - The industry is likely to experience a short-term surge in exports alongside a long-term shift towards high-quality development, with companies needing to focus on technological innovation and cost control to navigate the post-rebate landscape [9]. - Firms are encouraged to leverage the current buffer period to enhance their technological capabilities and optimize customer structures to ensure sustainable growth after the tax rebate adjustments [9].

人民财讯1月12日电，据湖北日报，1月12日，湖北省委书记、省人大常委会主任王忠林与中国长江三峡 集团有限公司党组书记、董事长刘伟平，党组副书记、总经理李富民一行举行座谈，双方围绕"十五 五"时期深化拓展合作、共同推动高质量发展等进行深入交流。 刘伟平、李富民表示，中国三峡集团将加快推进三峡水运新通道筹建工作，进一步与湖北在能源、生态 环保、科技等关键领域加强合作，积极扩大有效投资，培育壮大新质生产力，努力为湖北加快建成中部 地区崛起的重要战略支点作出更大贡献。 王忠林指出，希望中国三峡集团继续发挥优势，聚焦湖北支点建设大局，与我们在能源电力、科技创 新、数智经济等重点领域深化合作，携手谱写高质量发展新篇章。湖北将共同做好三峡水运新通道筹建 等工作，全力营造良好发展环境，支持集团加快建设世界一流企业。 ...

Core Viewpoint - The photovoltaic industry is transitioning towards "high-quality development driven by technological innovation," presenting opportunities for companies like Laplace to focus on core competencies and enhance competitiveness [1][11]. Group 1: Technological Innovation - Laplace emphasizes that technological innovation is fundamental for its business, with the listing on the Sci-Tech Innovation Board providing strong momentum for its development [3]. - The company has increased the proportion of R&D personnel and significantly boosted the number of invention patents, with a total of 1,520 patent applications and 905 authorized patents as of June 30, 2025 [3]. - New automated processing equipment for half-cell and multi-slice products has been launched, improving space utilization and production efficiency [3]. Group 2: Product Development and Market Position - Laplace is advancing the application of new products such as ALD, EPD, and laser equipment, supporting the upgrade of battery technologies like TOPCon and XBC [4]. - The company is actively involved in the research and development of cutting-edge technologies for perovskite batteries and semiconductor devices, aiming to meet diverse technological needs [4][6]. Group 3: Financial and Strategic Growth - The capital empowerment from the Sci-Tech Innovation Board has provided Laplace with ample R&D funding and expanded financing channels, allowing the company to focus on N-type battery technology and semiconductor equipment development [6][9]. - The company aims to enhance its core competitiveness by increasing innovation investment and optimizing production capacity, while also expanding its international market presence [9][10]. Group 4: Industry Context and Competitive Landscape - The photovoltaic industry is shifting from "extensive growth" to a focus on technological innovation, with competition now centered on technological barriers and cost resilience [7]. - Laplace's strong technical foundation has allowed it to maintain robust performance amidst industry fluctuations, with stable growth driven by new capacity upgrades and international expansion [7][8].

Core Viewpoint - Huaihe Energy Holding Group is focusing on consolidating its responsibilities and enhancing its core functions and competitiveness during the "14th Five-Year Plan" period, while preparing for the "15th Five-Year Plan" with a strong emphasis on green development and innovation [1][2][3] Group 1: Achievements and Responsibilities - During the "14th Five-Year Plan," the company has strengthened its political, economic, and social responsibilities, leading to enhanced core functions and competitiveness [1] - The company aims to achieve its main goals ahead of schedule, laying a solid foundation for a good start in the "15th Five-Year Plan" [1] Group 2: Strategic Focus for 2026 - In 2026, the company will adhere to a stable yet progressive work approach, focusing on the integration of coal and coal power, as well as coal power and new energy [2] - The company will emphasize five key areas: high-quality development, coordination between traditional and emerging industries, balanced growth and investment capacity, simultaneous improvement of existing and new quality, and mutual support between industrial development and capital operations [2] Group 3: Goals and Initiatives for the "15th Five-Year Plan" - The company is setting high goals and standards for the "15th Five-Year Plan," aiming for a strong start and victory in its initial phase [3] - The strategic focus includes consolidating coal, expanding new energy, and capital layout, while ensuring safety and promoting reform and innovation [3] - The company is committed to enhancing employee welfare and ensuring their sense of security and happiness, aligning with its mission to contribute to China's modernization [3]

Core Viewpoint - The meeting emphasized the importance of implementing fiscal policies to support economic transformation and development in Shanxi Province, aligning with national and provincial directives for the upcoming years [1][3][6]. Group 1: Fiscal Policy and Strategy - The provincial fiscal system is urged to enhance its sense of responsibility and urgency in serving transformation development, maintaining necessary expenditure levels, and optimizing financial support for grassroots [3][6]. - The meeting outlined the need for a proactive approach to fiscal management, focusing on risk prevention and resolution, and achieving new results in safeguarding financial stability [4][10]. Group 2: Achievements and Progress - During the "14th Five-Year Plan" period, the provincial fiscal system made significant progress in enhancing fiscal strength, expanding public finance functions, and improving resource allocation [7]. - Key achievements include a continuous focus on revenue and expenditure management, which has elevated the overall fiscal strength to a new level [7]. Group 3: Future Goals and Focus Areas - For 2026, the meeting highlighted the need to adhere to a stable yet progressive work approach, emphasizing high-quality development and better coordination of development and safety [6][10]. - Seven key areas of focus were identified for the upcoming year, including ensuring stable fiscal operations, enhancing public welfare, and promoting urban-rural integration [10].

Core Viewpoint - The Tianjin Public Security Bureau has achieved significant results in ensuring high-quality development and maintaining social stability over the past year, focusing on risk prevention and enhancing public safety [3][12]. Group 1: Achievements in Public Security - The Tianjin Public Security Bureau successfully completed security tasks for the Shanghai Cooperation Organization Summit, emphasizing safety as a top priority and implementing a new command control system for large events [5]. - The city has maintained a high level of public safety, with a full resolution of current homicide cases and a rapid response to serious criminal incidents, resulting in a 12.4% decrease in telecom fraud cases and a 23.1% reduction in related losses [7]. - The establishment of a new operational mechanism for campus security has improved safety measures, including traffic separation and hard isolation [7]. Group 2: Economic and Social Development Support - The bureau has introduced 45 initiatives for coordinated development between Beijing, Tianjin, and Hebei, and has facilitated 11 cross-provincial services, enhancing transportation governance [9]. - A total of 767 large-scale events, with 12.4 million participants, were safely conducted, including the Tianjin Marathon, ensuring safety for over 64 million tourists during national holidays [9]. - The bureau has conducted a special action against economic crimes, recovering losses of 268 million yuan, and has visited over 5,200 enterprises to address more than 3,500 requests, fostering a supportive business environment [9]. Group 3: Modernization of Police Work - The Tianjin Public Security Bureau is advancing modernization efforts through the "5110" practice, integrating various operational mechanisms and enhancing the efficiency of police work, with a 34.3% reduction in the case closure cycle for public security cases [11]. - A campaign to recognize the "Most Beautiful Grassroots Police" has been launched, highlighting exemplary officers who have made significant contributions to community safety and service [11][12]. - The bureau aims to further implement the spirit of the 20th National Congress of the Communist Party of China, focusing on high-quality development and risk prevention in the upcoming years [12].