（编辑 楚丽君） 证券日报网讯 12月18日，振华股份在互动平台回答投资者提问时表示，公司通过铬盐到金属铬的产业 链优势，金属铬的下游特种钢材，在数据中心电源、电网设备和储能领域均有明确应用。公司将继续深 化铬系材料在新能源领域的应用，推动铁铬液流储能技术的商业化推广，为新型电力系统建设贡献力 量。 ...

（编辑 任世碧） 证券日报网讯 12月18日，振华股份在互动平台回答投资者提问时表示，公司2024年度铬盐总产量26万 吨，金属铬等高端产品需求情况良好，公司具备三氯化铬电解液批量供货能力。公司正积极探索新能源 领域应用。 ...

人民财讯12月18日电，银星能源（000862）12月18日公告，拟以2015.275万元现金收购汉能阳光新能源 控股(北京)有限公司持有的宁夏天净神州风力发电有限公司(以下简称天净神州)50%股权，收购完成 后，天净神州将成为公司全资子公司。目前天净神州正在推动老旧风机"以大代小"更新改造工作，本次 交易完成后，有助于扩大公司新能源装机规模，增强公司盈利能力。 ...

证券代码：301216 证券简称：万凯新材 万凯新材上市公司投资者关系活动记录表 编号：2025-1218 | | □特定对象调研 □分析师会议 | | --- | --- | | | □媒体采访 □业绩说明会 | | 投资者关系活 动类别 | □新闻发布会 √路演活动 | | | □现场参观 □电话会议 | | | □其他： （请文字说明其他活动内容） | | 参与单位名称 | | | 及人员姓名 | 交银施罗德 张明晓；汇丰晋信 叶繁；国投瑞银 贺明之 | | 2025 时间 | 年 12 月 18 日 | | 地点 上海 | | | 公司接待人员 | 投资者关系总监孟锦晶 | | | 一、关于公司主业和行业环境，公司如何看待当前瓶片行业的经营 | | | 情况，和自身抗周期能力？ | | | 答：自 2025 年 7 月，瓶片行业为内主要企业达成"反内卷"一 | | | 致行动方案：整体减产 20%。在这一供给端约束下，社会库存持续下 | | | 降，行业供需关系明显改善，带动瓶片加工费持续回暖。万凯新材一 | | 投资者关系活 | 方面积极参与并落实行业联盟的自律安排，共同推动行业秩序的修 | | 动 ...

碳酸锂产业日报 2025/12/18 | 项目类别 | 数据指标 | 最新 | 环比 数据指标 | 最新 | 环比 | | --- | --- | --- | --- | --- | --- | | 期货市场 | 主力合约收盘价（日，元/吨） | 106,160.00 | -2460.00↓ 前20名净持仓（日，手） | -155,228.00 | +22622.00↑ | | | 主力合约持仓量（日，手） | 672,711.00 | +4122.00↑ 近远月合约价差（日，元/吨） | -1,680.00 | -280.00↓ | | | 广期所仓单（日，手/吨） | 15,636.00 | 0.00 | | | | 现货市场 | 电池级碳酸锂平均价（日，元/吨） | 97,550.00 | +500.00↑ 工业级碳酸锂平均价（日，万元/吨） | 94,950.00 | +500.00↑ | | | Li₂CO₃主力合约基差（日，元/吨） | -8,610.00 | +2960.00↑ | | | | 上游情况 | 锂辉石精矿(6%CIF中国)平均价（日，美元/吨） | 1,300.00 | +70.0 ...

Core Viewpoint - China National Heavy Duty Truck Group (CNHTC) has achieved a historic milestone by surpassing 300,000 heavy truck sales in 2025, becoming the world's top heavy truck brand for the first time [2][4]. Group 1: Sales and Production Achievements - In 2025, CNHTC's heavy truck production and sales exceeded 300,000 units, surpassing the previous record set in 2021 [2][4]. - The company expects total vehicle sales to reach 450,000 units in 2025, indicating a year-on-year growth rate of at least 25% [4]. - Heavy truck exports are projected to exceed 150,000 units, accounting for approximately half of CNHTC's total sales [4]. Group 2: Strategic Advantages - CNHTC attributes its sales growth to five core advantages: a strong R&D team of over 3,000 personnel with an annual investment of approximately 3 billion yuan, a complete industrial chain from key components to vehicle manufacturing, a professional marketing team of over 2,600, comprehensive quality control capabilities, and a diversified overseas market strategy [4]. - The company has established a quality early meeting mechanism to address quality issues promptly, enhancing product quality across all manufacturing processes [5]. Group 3: Future Opportunities and Goals - The company anticipates four market opportunities in 2026: technological transformation leading to new market segments, upgraded market demand focusing on total cost of ownership, deepening market segmentation due to industrial restructuring, and compliance-driven opportunities from stricter regulations [6]. - For 2026, CNHTC has set a sales target of 340,000 units, including 170,000 heavy trucks and 150,000 light trucks, with a focus on technology-driven growth and collaboration with partners [8]. - By 2030, CNHTC aims to achieve total revenue exceeding 400 billion yuan and vehicle sales surpassing 800,000 units, representing a compound annual growth rate of 12.5% over the next five years [9].

证券日报网讯 12月17日，汉马科技在互动平台回答投资者提问时表示，公司一直密切关注国内工程特 种设备领域，在未来需求变化上，随着国内基础设施建设的持续推进、工业自动化水平的提升以及新能 源产业的快速发展，对工程特种设备的需求将持续增长。国内市场方面，城市化进程的加快和工业化的 深入发展，会使对特种设备的需求持续上升，尤其是在新能源、环保和智能制造等新兴领域。公司主营 业务为重卡、专用车及核心汽车零部件的生产、研发和销售。 （文章来源：证券日报） ...

Core Insights - The "Million Talents Gathering in Nanyue" autumn recruitment event successfully concluded, covering 19 provinces and attracting over 15,000 participating companies and more than 500,000 job positions [1] - The event aims to stabilize employment and upgrade the talent pool in Guangdong, supporting high-quality development [1] Group 1: Recruitment Scope and Duration - The recruitment event expanded from 8 key cities in the spring to over 100 universities across 19 provinces, targeting excellent graduates nationwide [2] - The duration of the recruitment has shifted from a concentrated two-week period to a continuous effort throughout the autumn semester [2] - Various cities in Guangdong initiated recruitment activities in September, October, November, and December, establishing long-term cooperation mechanisms with universities [2] Group 2: Talent Demand and Job Offerings - The recruitment focuses on 20 strategic industrial clusters in Guangdong, aiming to attract key talents for emerging and future industries [3] - A diverse range of participating companies includes state-owned enterprises, leading private firms, and high-level research institutions, ensuring precise matching of supply and demand [3] - Job offerings span cutting-edge fields such as artificial intelligence and new energy, catering to various educational backgrounds and professional specializations [3][4] Group 3: Salary and Job Quality - Over 30% of the job positions offered annual salaries exceeding 200,000 yuan, with more than 27,000 positions offering salaries above 500,000 yuan [4] - The recruitment event provides opportunities for graduates from various levels of universities to find desirable jobs, including positions in both urban and rural areas of Guangdong [4] Group 4: Recruitment Services and Support - The recruitment process is enhanced by the "Yue Employment" app and a public job service platform, creating a streamlined and intelligent recruitment service system [5] - AI recruitment service areas were set up at various university recruitment events, offering resume optimization, interview practice, and job matching services [5] - Cities provided policy packages for graduates, covering multiple aspects of employment and life, while also promoting local culture and attractions [5]

Core Viewpoint - The rise of Corporate Venture Capital (CVC) is significantly impacting the investment landscape, focusing on industry empowerment while facing various challenges in execution and strategy [2][5][20]. Group 1: CVC Overview and Development - The annual China Private Equity Annual Conference highlights the growing influence of CVC in the investment ecosystem, with over a thousand participants from various sectors [2]. - CVCs are increasingly recognized as vital players in the investment landscape, with a focus on both financial returns and strategic industry support [5][12]. Group 2: CVC Strategies and Missions - Different CVCs have varying missions; for instance, Huasheng Fund aims for profitability while also supporting its parent company, SANY Group, in strategic transformations [6][8]. - CVCs like Shangqi Capital focus on the automotive industry, emphasizing the importance of collaboration and resource sharing within the supply chain to enhance efficiency and innovation [9][10]. Group 3: Investment Focus and Trends - Investment trends indicate a shift towards hard technology and biomedicine, with CVCs diversifying their portfolios to include emerging sectors like AI and renewable energy [4][10]. - The automotive sector is undergoing significant transformation, with CVCs adapting to the competitive landscape by investing in new technologies and startups that align with industry trends [9][10]. Group 4: Challenges and Solutions - CVCs face challenges in quantifying the value of their empowerment efforts, particularly in sectors like automotive semiconductors, where integration into existing supply chains is complex [20][21]. - The need for CVCs to develop strong internal communication and management skills is emphasized, as they must bridge the gap between innovative startups and established industry players [21][22]. Group 5: Future Directions - The future of CVCs involves a focus on long-term investment strategies, with an emphasis on patience and the ability to navigate the complexities of the manufacturing process [22][23]. - CVCs are expected to adopt more flexible investment decision-making processes to better support early-stage projects, balancing financial returns with strategic industry insights [23][24].

Market Overview - The indices experienced fluctuations, with the ChiNext index dropping over 2% in the afternoon session [1] - The Shanghai Composite Index closed at 3876.37 points, up 0.16%, while the Shenzhen Component Index closed at 13053.97 points, down 1.29%, and the ChiNext Index at 3107.06 points, down 2.17% [2][14] Sector Performance - The pharmaceutical retail sector showed strong performance, with stocks like Shangyu Pingmin and Huaren Health hitting the daily limit [1] - The retail sector was active, with companies such as Central Plaza and Yimin Group also reaching the daily limit [1] - The banking sector rebounded in the afternoon, with Shanghai Bank leading the gains [1] - Conversely, the Hainan sector saw significant declines, particularly Haima Automobile, while the battery sector continued to fall, led by Huasheng Lithium [1][15] Hot Sectors - **Pharmaceutical Retail**: The AI health app "Ant Financial Health" saw a surge in downloads, reaching third place on the Apple app store, with over 15 million monthly active users [4][16] - **Storage Chips**: Micron Technology reported better-than-expected earnings for Q1 FY2026, raising its capital expenditure forecast from $18 billion to $20 billion due to tight supply and rising prices in the storage chip market [5][17] Monetary Policy - The People's Bank of China conducted a 883 billion yuan reverse repurchase operation with a 1.40% interest rate, alongside a 1000 billion yuan 14-day reverse repurchase operation to stabilize liquidity [19] - There are expectations for a potential reserve requirement ratio (RRR) cut in early 2026, estimated at 0.5 percentage points, injecting approximately 1 trillion yuan into the market [19] Industry Insights - The China Photovoltaic Industry Association reported a price recovery in the photovoltaic sector, with average prices for polysilicon increasing by 34.4% year-on-year as of November [20] - The investment outlook for 2026 suggests a focus on sectors like AI, new energy, military, and innovative pharmaceuticals, with a shift towards cash flow generation in stock selection [21]