丹阳，千年凤飞地、齐梁帝王乡，一座产业发达、推崇科技、民生殷实、美丽宜居的"运河明珠"。 近年来，丹阳始终锚定"镇江一流、全省进位"目标，坚定不移推动高质量发展，改革动能、创新势能、 开放活力不断释放，宜居宜业、民生幸福成为高质量发展生动注脚，中国式现代化丹阳新实践迈出了坚 实步伐。 丹阳眼镜城 科技创新是丹阳发展的一大特色，也是核心动力。在加快打造现代化"智造名城、运河明珠"的高质量发 展之路上，丹阳提出推动科技创新和产业创新深度融合。 科技赋能产业升级。作为全国创新型县(市)建设试点，丹阳创新特色鲜明，拥有北京人才工作站、上海 飞地孵化器，以及各类创新平台超100家。丹阳把众多高层次平台优势与眼镜、汽车零部件、大健康、 新材料、高端装备制造等产业优势充分融合，全方位助力产业转型升级。要素赋能企业壮大。丹阳竭尽 所能为企业创新做好支撑保障，根据企业现实需要，制定紧缺人才支持计划，精准引进产业创新发展急 需的高层次人才。积极探索人工智能大模型更好服务产业转型发展，深化专精特新中小企业培育工程。 截至目前，丹阳高新技术企业突破437家，专精特新中小企业达170家。 尊商重企谱写民营经济新篇章 丹阳是一座产业发达 ...

Core Viewpoint - The successful completion of the first extraordinary general meeting of shareholders in 2025 marks a significant step towards optimizing the corporate governance system of Shenkai Co., Ltd. and embarking on a new strategic development chapter after the entry of state-owned capital [1][2]. Group 1: Company Overview - Shenkai Co., Ltd., established in 1996, is the first publicly listed company in China specializing in thick-walled sliding bearings, with a comprehensive service capability across the entire industrial chain of thick-walled sliding bearings, machining, and large structural components [1][2]. - The company holds a leading position in production technology and market share within the industry, recognized as a national key high-tech enterprise and a member unit of the National Sliding Bearing Standardization Technical Committee [1][2]. Group 2: Market Position and Opportunities - As the first listed company in the domestic thick-walled sliding bearing sector, Shenkai Co., Ltd. is one of the manufacturers with the most diverse and complete specifications, maintaining a strong customer base in high-end applications such as power generation equipment, industrial equipment, and special ships [2]. - The domestic market for thick-walled sliding bearings is projected to exceed 20 billion yuan within three to five years, driven by the advantages of heavy load resistance and corrosion resistance, particularly in the gas turbine, nuclear power, and deep-sea wind power industries [2][3]. Group 3: Recent Developments - The recent acquisition of a 41.89% stake by Shenzhen Huili Hongsheng Industrial Holdings, which has increased its shareholding to 51.60%, marks a significant change in the company's controlling shareholder to the Taierzhuang State-owned Assets Supervision and Administration Commission [2][3]. - This acquisition is seen as a strategic move by state-owned capital to leverage the capital market for industrial upgrades, providing strong new momentum for the company's performance growth [3]. Group 4: Future Outlook - With the empowerment of state-owned capital and the guidance of the new board of directors, Shenkai Co., Ltd. aims to seize opportunities in high-end manufacturing, integrate state-owned technological resources, and promote product iteration and industrial structure optimization [3].

导语："投资大家谈"是点拾投资的公益内容栏目，希望通过每周日不定期的推送，让更多人看到 基金经理对投资和市场的思考。"投资大家谈"栏目内容以公益类的分享为主，不带有基金产品的 代码和信息，也必须来自基金经理的内容创作。 下面，我们分享来自景顺长城基金科技军团的2026年思考。一直以来，景顺长城科技军团通过持 续深耕产业链，不断取得前沿、深度的投资洞见。他们也是买方基金公司中，少数提供持续观点 分享的投研团队，相信这一期的观点，也能帮助大家理解景顺长城科技军团的投研思考。 最后，也欢迎大家持续给我们投稿！可以发送邮件到：azhu830@yeah.net 杨锐文：预估明年市场或更为均衡 市场非常极致，AI相关的交易量大概占市场交易40%，AI与非AI冰火两重天。但是，展望明年， AI相关公司在如此大市值和较高的估值（PE或PB）上进一步上涨难度非常大。我们看好市场， 预计明年市场或更为均衡。极致行情与我们的投资风格适配性较低，我们的风格更适配均衡类市 场行情。相信过去种下的种子将会陆续结果，当前的挑战主要是过大的规模以及经济是否如我们 所愿从物价低迷走向通胀。 董晗：或迎来欧美日财政共振宽周期，科技成长或仍是重要 ...

格隆汇12月21日丨申科股份(002633.SZ)公布，公司深耕厚壁滑动轴承及动力装备零部件领域多年，已 形成一定的技术壁垒与市场资源优势。为落实公司全面转向"厚壁滑动轴承及动力装备系统解决方案 商"的战略定位，突破从"厚壁滑动轴承及动力装备零部件供应商"向"厚壁滑动轴承+动力装备部套件+动 力装备系统解决方案"的产业升级，公司拟在上海设立研发总部，研发总部投资额不超过5000万元人民 币。 ...

Group 1 - The company, Shenkai Co., Ltd. (002633), announced its strategic shift towards becoming a "thick-walled sliding bearing and power equipment system solution provider" [1] - To support this transition and facilitate industrial upgrades, the company plans to establish a research and development headquarters in Shanghai [1] - The total investment for this initiative will not exceed 50 million RMB [1]

申科股份公告称，为落实战略定位、实现产业升级，公司拟在上海设立研发总部，投资额不超5000万 元。出资方式为自有及自筹资金，业务涵盖新材料研究等。该投资不构成关联交易和重大资产重组，已 获董事会战略委员会审议通过，无需股东大会批准。此举利于公司在多领域取得突破、开展产学研合作 等，但执行初期或有管理和市场风险，且相关事项尚需工商部门核准。 ...

Group 1 - The core viewpoint is that despite Russia's rich natural resources, it has struggled to develop a strong economy due to high extraction costs, technological limitations, and the impact of oligarchic exploitation [3][5] - Post-Soviet Russia has maintained its status as a world power but faces significant challenges due to political instability, social conflicts, and economic sanctions from Western countries [5][7] - Russia's reliance on energy exports has not translated into economic strength comparable to other resource-rich nations like Saudi Arabia, primarily due to the high costs associated with resource extraction and transportation [3][5] Group 2 - The need for Russia to develop its industrial strength and open international markets is crucial for economic revitalization, leveraging its military-industrial complex and market systems [7] - Recent economic cooperation with Europe, driven by a desire to reduce dependence on the U.S., has led to some recovery in the Russian economy, although long-term growth requires broader industrial development [5][7] - Historical military trade experience from the Soviet era provides Russia with a potential revenue stream, which could support its ambitions to become a powerful empire again if it seizes global economic opportunities [7]

Core Insights - The 2025 GDP forecast for northern cities highlights Beijing leading with 52,630.15 billion yuan, followed by Tianjin and Qingdao at 18,600.42 billion yuan and 17,890.31 billion yuan respectively, showcasing strong economic growth in the region [1][9] - The total GDP increment across these cities exceeds 800 billion yuan, indicating robust economic vitality in northern China [1] - Cities are focusing on innovation-driven development and industrial upgrades, contributing to regional collaborative growth and revitalization [1] Beijing - Beijing's GDP is projected to surpass 5.2 trillion yuan, with an increment of nearly 2,800 billion yuan and a growth rate of 5.59%, maintaining its position as the second-highest in the nation [3] - The city is recognized as a technology innovation hub, with the AI industry growing at 12% annually, creating over 500,000 jobs [3] - Digital transformation is advancing, with a 5G coverage rate of 98% and investments in smart city projects exceeding 100 billion yuan [3] Jinan - Jinan ranks fifth in northern cities with a GDP of 14,330.55 billion yuan, an increment of 803 billion yuan, and a growth rate of 5.94%, leading among provincial capitals [5] - The city benefits from a robust transportation network, with logistics growing by 18%, which supports manufacturing upgrades [5] - The green economy is thriving, with a forest coverage rate of 25% and a 30% increase in clean energy installed capacity [5] Tangshan - Tangshan's GDP is projected to exceed 1 trillion yuan, reaching 10,481.92 billion yuan, with an increment of 478 billion yuan and a growth rate of 4.78% [7] - The city has successfully transformed its steel industry, with high-end steel exports increasing by 10% and green steel technology application rates exceeding 80% [7] - The port economy is expanding, with a 15% increase in throughput at Caofeidian Port and over 30 billion yuan in foreign investment [7] Overall Northern Cities - The northern city cluster is rapidly emerging, with cities like Jinan and Tangshan shining as new stars, while Beijing leads the innovation wave [9] - The collective economic growth is expected to contribute significantly to national economic momentum [9]

（来源：光明日报） 转自：光明日报 【聚才论道】 顺应新一轮科技革命和产业变革的加速演进，面对国家创新驱动发展战略的深入实施，培养更多应 用型创新人才已迫在眉睫。"十五五"规划建议提出，"一体推进教育科技人才发展""促进科技自主创新 和人才自主培养良性互动""围绕科技创新、产业发展和国家战略需求协同育人，优化高校布局、分类推 进改革、统筹学科设置"。 面对新形势新要求，需要改进应用型创新人才培养的传统模式，实施以需求为导向的系统性、整体 性、协同性改革，系统构建学科专业、教学科研、通专教育、校企培养、数智技术"五融合"人才培养新 模式，形成人才培养、科技创新和产业发展相互促进的良好生态，为国家培养更多具备扎实理论基础、 较强实践能力和持续创新精神的高素质应用型创新人才。 比如，天津理工大学紧扣天津市"1+3+4"现代产业体系，修订所有专业培养方案，优化课程体系， 每个专业设置2门至3门学科交叉类课程，完善学生跨学科知识体系结构与综合思维培养；另外，新增8 个新兴交叉专业并改造15个传统专业，设立"智能制造+管理"等18个跨学科微专业，形成覆盖前沿技术 与传统产业升级的专业集群，有效弥合应用型创新人才培养与产业 ...

2025年的国际大宗商品市场格外动荡。铜价在年初暴涨40%，突破1.2万美元/吨，白银价格更是翻倍飙升110%，但从年中开始，铝这种"平民金属"突然成了 主角。 伦敦金属交易所的数据显示，10月铝现金价月均达到2786美元/吨，11月进一步升至2859美元/吨，创下年内新高。 而同一时期，美国未锻轧铝及铝材的进口量连续下滑，1-7月累计进口量同比下降6.18%，7月单月进口量跌至30.3万吨，成为近年来的最低点。 这种反差让美国制造业措手不及，因为铝作为工业基础材料，一旦短缺会直接冲击新能源汽车、AI数据中心等高新产业的生产成本。 美国之所以陷入被动，与其此前囤积铜资源的战略直接相关。2025年初，美国试图通过大规模囤铜推高国际铜价，从而制约全球制造业竞争对手的发展空 间。这一操作短期内确实拉高了铜价，但没想到市场很快转向了铝需求的爆发。 根据国家统计局数据，2025年前11个月，中国原铝产量达到4120万吨，同比增长2.5%，而全球铝年消耗量高达7700多万吨，是铜消耗量的2.8倍。这种庞大 的需求基数，在供应紧张时迅速推高了铝价。 铝价飙升的根本原因在于全球产业升级带来的需求裂变。新能源汽车行业是铝消费的 ...