本报讯（记者韩沛）1月31日至2月1日，AI赋能千行百业超级联赛（A超）"智慧城市"建设创新应用大 赛初赛评审会在南宁市举行。经过来自全国各地的30位权威专家评审，最终从1382个参赛作品中评选出 60个优秀作品晋级决赛。其中，约40%的参赛队伍包含东盟国家成员，体现出大赛显著的国际化特色。 据悉，初赛评审主要聚焦项目创新性、落地可行性、社会价值、行业应用价值四大核心维度。重点看技 术是否实现自主突破、模式是否打破传统桎梏、解决方案是否针对住建领域具体痛点；着重考量技术成 熟度、场景适配性、资金需求、政策支持条件、资源保障能力等是否能支撑项目在广西或东盟国家实际 推广；关注项目是否改善民生福祉、提升城市治理效能、降低能源资源消耗、减少生态环境影响；看重 项目是否能引领住建领域数智化转型方向，是否能复制推广，是否能带动相关产业链协同发展。 针对含东盟合作场景的参赛项目，评审还深入评估其在政策合规适配性、技术标准对接、跨境数据安全 和市场需求匹配度等，精准研判其在深化中国—东盟住建领域技术协作、资源共享、产业联动、市场共 建等方面的合作潜力。 大赛组委会相关负责人介绍，本次评审专家阵容涵盖高校、科研院所、行业头部 ...

Core Viewpoint - The food industry in China is expected to undergo significant transformation by 2025, characterized by technological empowerment across the entire supply chain, brand-driven upgrades, and the emergence of new productive forces through integration [1][2]. Group 1: Industry Development and Innovation - The year 2025 is identified as a critical year for quality enhancement and value reconstruction in China's food industry, with a focus on deep integration of marine economy and food industry in Dalian [2]. - The Dalian food industry associations have implemented a "three associations in one" operational model, which has led to the addition of nearly 50 new members and the establishment of centers for labor dispute mediation and intellectual property protection [2][3]. - The associations have organized nearly 50 specialized training sessions on topics such as labor dispute judicial interpretation and AI empowerment, enhancing the overall development capabilities of enterprises [3]. Group 2: Standards and Food Safety - The pre-prepared food association aims to establish six group standards by 2025, including guidelines for microbial monitoring in production environments and frozen abalone standards, contributing to a comprehensive industry standard system [4]. - A shared inspection laboratory has been established, serving over 50 enterprises and testing more than 600 samples, effectively reducing quality control costs for small and medium-sized enterprises [4]. - The food safety association has launched educational initiatives through social media platforms to enhance public knowledge of food safety standards and risk prevention [4]. Group 3: Market Expansion and Collaboration - The associations have engaged in direct communication with Dalian Customs to address import and export challenges, facilitating international market expansion for enterprises [5]. - Collaborative efforts with educational institutions have led to the development of AI empowerment courses and joint teaching models to cultivate digital talent in the industry [5]. - The Dalian food industry has actively participated in various expos and forums, showcasing local products and enhancing the national influence of the "Dalian seafood" brand [7]. Group 4: Strategic Vision and Future Goals - The Dalian food industry is undergoing a transformation aimed at breaking through development ceilings and creating a new value network, transitioning from resource-driven to intelligence-driven growth [8]. - The industry is focused on evolving from regional characteristics to becoming a national benchmark, aiming to elevate Chinese brands to a global level [8].

Investment Recommendations - Key companies recommended for investment include Longjing Environmental Protection, High Energy Environment, Sains, Hanlan Environment, Green Power Environmental Protection, and others [1] Companies to Watch - Companies suggested for attention include Dayu Water Saving, Lian Tai Environmental Protection, Wang Neng Environment, and others [2] Company Tracking - Jingjin Equipment is a leader in filter press with a market share of over 40%, and its new energy revenue is expected to grow as the lithium battery market recovers [3] - Longjing Environmental Protection has begun delivering pure electric mining trucks, with a projected domestic sales volume of 2,500 units in 2024 [3] - Sains is benefiting from rising rhenium prices driven by aerospace demand, with a rhenium price of 39.26 million yuan/ton expected by January 2026 [3] - High Energy Environment's performance exceeded expectations, driven by improvements in resource recycling profitability and strategic expansion into upstream mining [3] Event Tracking - The Shanghai Old Port Eco-Environmental Base has launched green methanol, marking a significant advancement in carbon utilization technology [4] Strategic Outlook for 2026 - The strategy emphasizes value and growth resonance, focusing on marketization and efficiency improvements in the solid waste sector [5] - Key recommendations include Hanlan Environment, Green Power, and others for their potential in dividend growth and operational efficiency [5] Industry Tracking - The sanitation equipment sector is seeing significant growth, with a 150% increase in unmanned sanitation project bids and a 71% increase in sales of new energy sanitation vehicles [7] - The market for biofuels remains stable, with prices for kitchen waste oil increasing by 100 yuan/ton [8] - Lithium battery recycling is experiencing price fluctuations, with carbonated lithium prices down by 6.2% as of January 30, 2026 [8]

2026 年 02 月 02 日 行业研究 评级：推荐(维持) | 行业相对表现 | | 2026/02/02 | | | --- | --- | --- | --- | | 表现 | 1M | 3M | 12M | | 社会服务 | 4.2% | 4.9% | 17.5% | | 沪深 300 | -0.5% | -0.7% | 20.7% | 投资要点: 1 服务业政策加码：2026.1.25，国务院办公厅印发《加快培育服务消费新 增长点工作方案》，围绕交通、旅居、入境消费等文旅出行核心赛道， 从供给扩容、场景创新与金融支持等多维度系统推进服务消费提质扩容。 政策明确推进铁路旅游化改造、银发旅游专列建设，支持邮轮、游艇、 夜游船等产品升级并培育旅居目的地；同步加码入境消费便利化，推进 签证在线办理全球覆盖、优化涉外支付与离境退税服务；在汽车后市场 与出行方式上，探索改装分级管理、经典车认定体系建设，并强化房车 露营基地、自驾游与租赁网络配套；同时推动家政服务职业化、规模化 与智慧化升级，拓展居家养老服务并培育行业龙头；在演出、体育等体 验式消费领域，实施包容审慎监管并强化财政金融支持，明确支持服务 消费企 ...

2月2日，上汽集团发布1月销量数据，继去年全年整车销量实现同比两位数增长后，2026年上汽集团再 迎"开门红"，1月实现整车批售32.7万辆，同比增长23.9%，终端零售36.3万辆，批发、零售销量规模双 双领跑国内汽车行业。 谈及2026年的发展规划，上汽集团方面表示，今年是上汽全面深化改革的攻坚之年，公司将继续秉 持"懂车更懂你"的用户理念，通过AI赋能，创新引领智能驾驶、智能座舱、智能底盘和固态电池等行业 前沿技术的上车应用，致力推动技术向新、产品向上、经营向好，全力进取国内国际两个市场，不断巩 固经营回升势头，实现"十五五"良好开局。 采写：南都N视频记者 朱可轩 新能源车持续向上发力，今年1月，新能源车销量为8.5万辆，同比增长39.7%。其中，智己汽车1月销量 同比增长66%；上汽乘用车销售新能源车2.8万辆，同比增长576.9%；上汽大通销售新能源车0.4万辆， 同比增长24.6%；上汽通用销售新能源车0.6万辆，同比增长316.1%；上汽通用五菱销售新能源车3.6万 辆，新上市的"全能硬派大空间SUV"星光560订单火爆。 海外市场方面，1月销售10.5万辆，同比增长51.7%。据上汽集团方面 ...

Core Insights - The article discusses the transformative impact of AI on human resource management, emphasizing a shift from traditional resource allocation to a focus on "human capital value management" [1][4][7] Group 1: Company Overview - Renrui Talent (06919) is a leading human resource service company in China, strategically expanding into management consulting with the establishment of Ruihua Zhice in 2025 [1][4] - Ruihua Zhice's core model combines "AI empowerment + management consulting," marking a significant transition in the human resource service industry towards deep empowerment based on human capital value [4][5] Group 2: Solutions Offered - Ruihua Zhice has developed two core solutions: - HCVM (Human Capital Value Management Integrated Solution) targets labor-intensive enterprises with over 30% labor cost, focusing on optimizing ROHC (Return on Human Capital) [4][5] - OHCVM (All-Scenario Employment Management Integrated Solution) addresses compliance, volatility, and cost sensitivity for flexible labor groups, aiming to reduce costs and enhance efficiency [4][5] Group 3: Implementation and Results - The company employs a "consulting + technology + service" integrated model to overcome traditional consulting challenges, ensuring effective implementation of solutions [5][6] - The results of this approach have been significant, with improvements in efficiency and cost reductions reported by various enterprises, including a major state-owned enterprise undergoing labor transformation [5][6] Group 4: Future Outlook - The flexible labor market is projected to exceed one trillion in scale, and "human capital value management" is anticipated to become a new foundational competitive advantage for enterprises [7] - Ruihua Zhice aims to establish itself as a "Chinese Accenture," focusing on leveraging AI technology to facilitate a systemic transition from "scale growth" to "value growth" for Chinese enterprises [6][7]

钨：钨精矿本期价格60.07万元/吨，环比上涨19.24%；仲钨酸铵本期价格89.06万元/吨，环比上涨 19.49%。近期美国两党议员提出设立规模为25亿美元的"战略韧性储备"；我们认为在海外加大战略备库 的背景下，钨的优先级或较高。我国发布《关于加强两用物项对日本出口管制的公告》，以及据新华社 消息"美国总统特朗普表示将2027财年美国军费提高至1.5万亿美元"，因此我们认为海外或延续高备 库，进一步支撑价格上行。相关标的：中钨高新（000657）、厦门钨业（600549）、章源钨业 （002378）、佳鑫国际资源。 锑：本期锑锭价格为16.41万元/吨，环比上涨1.26%；锑精矿价格为14.10万元/吨，环比上涨2.27%。海 外锑价为2.65万美元/吨，环比下跌11.67%。12月我国锑品出口环比/同比分别+4%/-71%，基本符合预 期。近期价格有所回调，我们认为更多系前期投机资金获利了解离场；而我们仍然坚定看好后续出口修 复带来的"内外同涨"。结合目前光伏玻璃产量走平回稳，因此若出口显著修复、需求拐点向上，有望释 放较高向上的价格弹性。资源紧缺，海外大矿减产带来全球供应显著下滑，需求稳步上行，全球 ...

Investment Rating - The report indicates a positive outlook for copper and aluminum sectors, with expectations of stable production and demand recovery in the near term [2][3][13]. Core Insights - Copper prices increased by 3.98% to $13,650.5 per ton on LME, while domestic prices rose by 2.31% to 103,700 CNY per ton. The overall production stability in the copper industry is noted, with a slight decrease in operating rates expected due to seasonal demand fluctuations [2][14]. - Aluminum prices saw a 1.75% increase to $3,229.0 per ton on LME, with domestic prices at 24,600 CNY per ton. The report highlights a seasonal decline in aluminum processing rates, indicating a shift towards the off-peak season [3][15]. - Gold prices surged by 8.58% to $5,410.8 per ounce, driven by geopolitical risks and market volatility. The report emphasizes the impact of U.S. monetary policy on gold prices [4][16]. - The rare earth sector shows a positive trend, with prices for praseodymium and neodymium oxide rising by 11.30%. The report anticipates a favorable demand outlook due to easing export restrictions [5][32][34]. Summary by Sections Copper - LME copper price increased by 3.98% to $13,650.5 per ton, with domestic prices at 103,700 CNY per ton. Copper inventory decreased by 2.24% week-on-week, while total inventory increased by 4.97% year-on-year [2][14]. - The operating rate for copper cable enterprises rose to 59.46%, indicating stable production driven by prior orders [2][14]. Aluminum - LME aluminum price rose by 1.75% to $3,229.0 per ton, with domestic prices at 24,600 CNY per ton. The overall aluminum processing rate recorded a decline to 59.4% [3][15]. - Domestic aluminum oxide production capacity remains high, but the operating rate decreased by 1.66% to 77.31% [3][15]. Precious Metals - Gold prices increased significantly due to geopolitical tensions, with a notable rise in SPDR gold holdings remaining stable at 1,086.53 tons [4][16]. - The report discusses the implications of U.S. monetary policy on gold price fluctuations, particularly in light of recent geopolitical developments [4][16]. Rare Earths - The price of praseodymium and neodymium oxide rose to 748,700 CNY per ton, reflecting a strong demand outlook. The report notes a 7% year-on-year increase in rare earth permanent magnet exports [5][32][34]. - The report suggests that the rare earth sector is poised for growth, driven by easing export restrictions and increased global demand [5][32][34]. Tungsten - Tungsten prices increased by 12.99%, with strategic reserves being a focus in the U.S. market, indicating a potential for continued price support [5][36]. Tin - Tin prices showed a slight decrease of 0.03%, but the report maintains a positive long-term outlook due to supply constraints from Indonesia and Myanmar [5][37]. Lithium - Lithium carbonate prices increased by 7.15% to 171,000 CNY per ton, with production slightly declining. The report highlights a robust demand outlook despite recent price fluctuations [5][57]. Cobalt - Cobalt prices increased by 1.8% to 445,000 CNY per ton, with supply constraints expected to support price stability in the near term [5][58].

Core Viewpoint - The company, Guangdong Yaowang Technology Group Co., Ltd., expects a narrowed net profit loss for 2025, projecting a loss between 550 million to 680 million yuan, compared to a loss of 1 billion yuan in the previous year, indicating a reduction of approximately 33%-45% [1]. Group 1: Business Performance - The core live e-commerce business remains stable during the reporting period [1]. - The company is actively taking reform measures to accelerate the turnaround of its loss-making segments, particularly in the footwear and digital marketing sectors [1]. - The divestiture of the footwear business is in a substantial phase, which significantly alleviates the loss burden [1]. Group 2: Strategic Initiatives - The company plans to focus on its core digital marketing business, enhancing the quality of development and improving monetization capabilities to increase gross profit margins [1]. - The company is leveraging AI technology to optimize management and improve overall efficiency [1]. - The company is exploring new growth points by creating co-branded products, exemplified by the "Duo Wei" brand, aiming to upgrade from Chinese manufacturing to Chinese branding [2]. Group 3: Future Outlook - Industry experts believe that the company's performance forecast indicates it has entered a critical phase of "stopping the bleeding" and seeking "blood production" after previous strategic adjustments [2]. - The focus on core digital marketing and the divestiture of the footwear business are important steps in optimizing the asset-liability structure [2]. - The success of the "Duo Wei" brand is expected to open new business boundaries and leverage the company's full-link advantages in marketing and sales [2].

Core Viewpoint - The company Winshang (300377) has announced its earnings forecast for 2025, projecting a net profit attributable to shareholders of between 16 million to 24 million yuan, a significant recovery from a loss of 425 million yuan in the previous year [3]. Financial Performance - The forecasted net profit for 2025 represents a substantial improvement compared to the previous year's loss of 425 million yuan [3]. - The expected non-recurring net profit is estimated to be between 8 million to 12 million yuan, compared to a loss of 205 million yuan in the prior year [3]. - The company's current price-to-earnings (P/E) ratio (TTM) is approximately between 654.31 and 981.47 times, with a price-to-book (P/B) ratio of about 6.23 times and a price-to-sales (P/S) ratio of around 12.17 times based on the closing price on January 30 [3]. Business Focus - The company focuses on investment asset custody and management within the financial industry [10]. - During the reporting period, the company has adhered to market demand, emphasizing the quality and efficiency of financial technology products and services, and has made significant progress in innovation projects and AI-enabled research and delivery [10]. Impact of Non-Recurring Items - The estimated amount of non-recurring gains and losses is around 8 million yuan, with an impact of approximately 7 million yuan on the net profit attributable to shareholders, primarily from the disposal of idle fixed assets, government subsidies received, and other operating income and expenses [10].