金龙羽表示，本次拟签署的《战略合作框架协议》仅为公司与投控东海双方开展项目合作的意向和指导 性文件，该协议签署后是否签署正式合作协议以及最终合作能否达成尚存在不确定性。同时，本次《战 略合作框架协议》预计不会对公司本年度财务状况及经营业绩构成重大影响，对公司未来年度财务状况 的影响将视公司与合作方后续签订的正式合作协议及其实施情况而定。此外，受经济环境、行业政策、 投资标的、交易方案等多种因素影响，可能存在投资失败或亏损的风险。 一同披露的另一则公告显示，为满足在惠州新材料产业园内投资建设的固态电池关键材料量产线项目 (以下简称"惠东材料项目")的建设资金需求，顺利推进建设工作，金龙羽孙公司金龙羽新能源(惠东)有 限公司拟向银行申请项目贷款。根据银行对建设项目资本金的要求，孙公司拟增加注册资本1亿元，新 增注册资本由公司控股子公司金龙羽新能源(深圳)有限公司以1亿元全额认缴，均计入注册资本。本次 增资完成后，孙公司的注册资本将由2亿元变更为3亿元。 战略合作框架协议主要内容显示，本次投控东海、金龙羽达成战略合作主要目标在于充分发挥产业资本 专业投资机构的优势与金龙羽集团上市公司产业基础与新能源固态电池领域的全 ...

Core Viewpoint - The company, Chengxing Co., Ltd. (600078.SH), is relocating its factories in Jiangyin to optimize its location layout and respond to local government policies, with the Jiangyin factory set to cease operations on January 24, 2026 [1] Group 1 - The relocation is part of the local government's "retreat from the city to the park" policy [1] - The new factory in Jiangyin Lingang Chemical Park will have an annual production capacity of 170,000 tons of phosphoric acid and 60,000 tons of high-end automotive materials [1] - This move is crucial for the company's industrial transformation and upgrading, aiming to accelerate the development of high-purity and fine chemical products [1] Group 2 - The successful operation of the new factory is expected to positively impact the company's revenue and profits [1] - The relocation and new projects align with the company's strategy for product diversification [1]

Core Viewpoint - The company, Chengxing Co., Ltd. (600078.SH), is relocating its factories in Jiangyin to optimize its location layout and respond to local government policies, with the Jiangyin factory set to cease operations on January 24, 2026 [1] Group 1 - The relocation is part of the local government's "retreat from the city to the park" policy [1] - A new factory will be established in the Jiangyin Lingang Chemical Park, with an annual production capacity of 170,000 tons of phosphoric acid and 60,000 tons of high-end automotive materials [1] - This move is crucial for the company's industrial transformation and upgrading, aiming to enhance product diversification and positively impact revenue and profits [1]

农林牧渔行业：欧盟猪肉反倾销税 落地，国内供需格局向好 2025 年 12 月 25 日 看好/维持 农林牧渔 行业报告 事件：商务部宣布，自 2025 年 12 月 17 日起，中国对原产于欧盟的进口猪肉 及猪副产品征收反倾销税，实施期限 5 年，税率范围为 4.9%至 19.8%。 进口压力缓解，行业供需根本仍在国内。为期 5 年反倾销税的征收有利于缓解 低价进口猪肉及副产品对我国市场的压力，然而仍需清醒地认识到，我国猪价 变化的决定因素是国内供需格局。截至 2025 年 10 月，国内能繁母猪存栏量 3990 万头，仍高于 3900 万头的正常保有量，未来一段时间行业供过于求，价 格低迷的趋势仍将持续，在政策管控和行业亏损下，行业落后产能将进一步去 化。国内养殖行业将向提升养殖效率，降低养殖成本，绿色化智能化的方向升 级，持续修炼内功，提升竞争力。短期来看，生猪养殖行业供需格局向好，推 荐关注生猪养殖行业的左侧布局机会；中长期来看，行业高质量发展，市场集 中度有望进一步提升。重点推荐养殖头部企业牧原股份，其他受益标的有温氏 股份、德康农牧、天康生物、神农集团等。 风险提示：生猪产能去化不及预期，市场消费 ...

12月24日，省委书记刘宁到安阳市龙安区、文峰区、内黄县，检查指导产业发展、文旅融合、农业生产等工作，强调要深入学习党的二十届四中全会和中央 经济工作会议精神，全面贯彻习近平总书记在河南考察时重要讲话精神，落实省委十一届十次全会和省委经济工作会议部署，大力弘扬红旗渠精神，汇聚起 促发展、强治理、惠民生的强大合力，确保"十四五"顺利收官、"十五五"良好开局。 刘宁还来到国家级文保单位和历史古迹，了解文物保护利用及文旅产业发展情况。他说，安阳文化底蕴深厚，要充分发掘利用殷商文化、古都文化资源，打 造精品旅游线路和知名文化地标，让文物活起来、动起来、火起来，大力弘扬中华优秀传统文化，真正把文旅产业发展为支柱产业。 今年我省秋播较晚，冬小麦后期田间管理尤为重要。在内黄县后河镇余庄村高标准农田，刘宁仔细检查小麦苗情墒情、田间管理情况，强调要扛牢粮食安全 政治责任，分区分类精准施策，适时浇水追肥，促进弱苗转壮苗，增加一二类苗比例，警惕干旱、冻害、病虫等风险，确保小麦安全越冬。 刘宁听取县区经济社会发展情况汇报，强调要实事求是、因地制宜，把省委十一届十次全会和省委经济工作会议部署转化为务实举措，推动经济社会平稳健 康发展。 ...

今年我省秋播较晚，冬小麦后期田间管理尤为重要。在内黄县后河镇余庄村高标准农田，刘宁仔细检查小麦苗情墒情、田间管理情况，强调要扛牢粮食安全 政治责任，分区分类精准施策，适时浇水追肥，促进弱苗转壮苗，增加一二类苗比例，警惕干旱、冻害、病虫等风险，确保小麦安全越冬。 刘宁听取县区经济社会发展情况汇报，强调要实事求是、因地制宜，把省委十一届十次全会和省委经济工作会议部署转化为务实举措，推动经济社会平稳健 康发展。当前元旦、春节将至，要精准施策深化冬季大气污染防治，严格执行安全生产、消防安全各项规定，全力保畅通、保供应、保民生，强化岁末年初 社会治理工作，切实做好社会公共安全保障，维护人民群众生命财产安全和社会大局稳定。 安阳市加快推动产业转型升级，为区域经济发展注入新动能。在位于龙安区的河南犀重新能源汽车有限公司，刘宁了解智能网联新能源商用车产业发展情 况，强调要加强研发投入，推进生产端、产品端全流程节能降碳，开发更多应用场景的绿色低碳交通工具，带动产业链协同发展。在位于文峰区的安钢南方 电磁新材料科技有限责任公司，刘宁察看生产车间，对企业推动钢铁产业转型的做法给予肯定，希望企业深化数智赋能，强化技术创新，加快高磁感 ...

Economic News - The State-owned Assets Supervision and Administration Commission emphasized the need for central enterprises to enhance budget management and cost control across all aspects of operations [2] - The National Development and Reform Commission and the National Energy Administration aim for a total installed capacity of 15 million kilowatts for solar thermal power by 2030, with costs comparable to coal power [2] - The Ministry of Housing and Urban-Rural Development proposed measures to promote the sale of existing homes and optimize affordable housing supply [2] - The General Administration of Customs conducted research on cutting-edge technology development and technology transfer [2] - The Hainan Free Trade Port has begun exporting self-produced goods with a value of 32,000 yuan, benefiting from over 12% cost savings [2] - The Shanghai Municipal Finance Bureau announced a subsidy for pig income insurance, with the municipal government covering 50% of the premium [2] - The U.S. economy showed a revised annualized GDP growth of 4.3% in Q3, exceeding expectations [2] - Japan reported a leak of radioactive water from a new reactor, with ongoing investigations into external radiation exposure [2] - Brazil confirmed anti-dumping duties on automotive glass from China, with specific rates for Malaysian producers [2] - South Korea's BC Card completed a pilot project for stablecoin payments, allowing foreign users to pay local merchants [2] Company Insights - Haibo Technology plans to invest 2 billion yuan in a smart green energy storage factory, expected to be completed by December 2028 [6] - Zhenyu Technology's subsidiary signed a strategic cooperation agreement to invest at least 1 billion yuan in projects related to new energy vehicle components and humanoid robots [6] - Huaxin Cement's major shareholder plans to increase its stake in the company by 200 million to 400 million yuan within six months [6] - Biological Shares' major shareholder intends to increase its stake by 50 million to 100 million yuan over the next year [6] Industry Strategy Agriculture Sector - The report suggests focusing on three main investment lines for the agriculture sector in 2026, with an emphasis on pig farming, feed, and pet food [7][9][10] - The pig farming industry is expected to see a gradual improvement in supply-demand dynamics, with a focus on cost management as a key factor for long-term growth [7] - The report highlights the potential for leading companies like Muyuan Foods to benefit from improved valuations and market conditions [8] Feed and Veterinary Medicine - The veterinary medicine sector is shifting towards innovation, with companies that prioritize R&D expected to thrive [9] - The feed industry is anticipated to see stable demand supported by high livestock inventory, with leading companies likely to gain market share [9] Pet Food Market - The domestic pet food market is projected to grow, with local brands gaining market share despite tariff disruptions [10][11]

Core Viewpoint - The textile industry is undergoing significant transformation through innovation and technology, with private enterprises playing a crucial role in enhancing productivity and competitiveness in both traditional and emerging sectors [2][8]. Group 1: Industry Transformation - The evolution of the textile industry is exemplified by companies like Erdos Cashmere Group, which has transitioned from manual operations to managing 16 fully automated machines, integrating 5G technology into smart production lines [2]. - The focus of the Chinese cashmere industry is shifting towards high-end global value chains, emphasizing innovation and systematic upgrades for high-quality development [2]. - The transformation is not solely confined to production facilities; it also involves collaborations between private enterprises and academic institutions to develop advanced materials, such as functional cotton nano-fiber composite yarns [3]. Group 2: Technological Advancements - Changfei Fiber Optic Cable Co., Ltd. has made significant strides in the optical fiber sector, showcasing cutting-edge technology at international exhibitions and establishing itself as a leader in the field [5]. - The company has developed a comprehensive understanding of key technologies, moving from reliance on imports to mastering the entire production process of optical fibers and cables [5]. - The collaborative approach in research and development, where enterprises and research teams work together to address industry challenges, has been highlighted as a key driver of innovation [5]. Group 3: Material Innovation - Companies like Ningbo Bowei Alloy Precision Fine Wire Co., Ltd. have achieved remarkable precision in manufacturing cutting wires, pushing the limits of diameter from 0.33mm to 0.015mm [7]. - Ounait Cable Group has developed cables that maintain flexibility in extreme temperatures and harsh environmental conditions, showcasing the importance of tailored solutions for specific industry needs [7]. - The commitment to innovation and overcoming challenges has led to significant contributions from private enterprises, which account for 70% of national technological innovations and a majority of specialized small giant enterprises [7]. Group 4: Policy Support - The implementation of the Private Economy Promotion Law in May aims to bolster private enterprises' participation in national technology projects and enhance innovation capabilities [8]. - This law is viewed as a stabilizing force for private enterprises and a catalyst for innovation, encouraging them to take on significant technological challenges [8].

今年以来，盘锦辽滨沿海经济技术开发区围绕"项目攻坚年"目标任务，将高质量项目作为构建现代 化产业体系的重要抓手，推动项目建设再提速、再提质、再提效。前11个月，全区固定资产投资同比增 长47.6%，实际到位内资同比增长45.8%。 目前，辽宁金发科技年产20万吨功能化ABS改性车间项目，6条生产线已投产，其余7条生产线正加 紧安装。总投资约20亿元的盘锦大金海洋工程有限公司风电大型管桩装备制造项目，风电专用船舶主体 建造已完成，进入配套工程建设阶段。总投资15.1亿元的国网盘锦辽滨500千伏输变电工程项目进入收 尾阶段，即将为区域输送稳定电力。总投资4.9亿元的中央储备粮盘锦油脂直属库仓储项目，浅圆仓设 备安装、电气桥架铺设等有序推进，预计年底竣工。 新签约项目同样快马加鞭：安德福盘锦港零碳绿氨能源储运中心项目一期项目备案已完成，正在办 理土地手续；伊科思碳五新材料延链精细化工项目备案已完成，环评、安评办理进入冲刺阶段。 "加速度"的背后，是科学调度的支撑。辽滨经开区打造"签约—落地—建设—投产"全流程服务、全 要素保障、全周期管理的高效闭环推进体系，各部门紧密配合，"周调度机制"精准运转，项目负责人带 问题 ...

23日，涟钢30万吨热轧钛板及钛复合材项目在湖南娄底正式启动生产，中部地区"材料谷"钛材热轧联盟 同步成立。多家企业和机构签署联盟合作协议，聚焦钛全产业链融合发展，汇聚上下游企业、科研院 所、行业协会等多方力量，推动资源整合与协同创新。 这是娄底依托深厚的钢铁产业底蕴，向高端新材料领域进发、加速产业转型升级的又一动作。今年以 来，该市已有宏旺钛材产业园、福建允升年产20万吨金属复合材料生产线、汇源煤气配套能源等一批总 投资额超百亿元的钛材料重大项目陆续开工建设。 钛被誉为"未来金属"，因其低密度、高强度、强耐腐蚀性等物理特性，在航空航天、生物医疗、新兴技 术等领域应用广泛。发展钛产业，是娄底因地制宜作出的现实选择。 资讯编辑：祝蓉 021-66896654 资讯监督：乐卫扬 021-26093827 资讯投诉：陈跃进 021-26093100 娄底是中国重要的高强钢、硅钢与汽车板生产基地，经过数十年淬炼，已积累成熟完备的冶金技术体 系、经验丰富的专业人才队伍和规模庞大的重型加工装备集群。当全球新材料浪潮袭来，当地敏锐地捕 捉到钢铁与钛这两种重要金属的工艺亲缘性：在决定材料性能的热轧、冷轧环节，设备通用率高达 ...