1月4日早上8点半，2026年第一个工作日，上海召开全市优化营商环境大会，同步出台《上海市加快打造国际一流营商环境行动方案（2026 年）》。 会开得相当高效，时长不到40分钟。出台的政策十分务实，着眼企业需要、突出问题导向，26条举措清晰而凝练。参会的多为中外企业代表，许 多公司高管会后表示，政策"听得懂、用得上"，增强了企业长期发展信心。 和不少科创公司高管一样，黑湖科技公共事务副总裁徐宇轩是一名年轻管理者，对政府出台的营商政策格外上心。会议一结束，他兴致勃勃地对 智通财经（www.thepaper.cn）记者谈起两个印象深刻的举措，连呼两次"意外"，直言政策超出了预期。 第一个"意外"，来自政务服务方式的变化。上海提出打造高效便捷的政务服务环境，普惠性政策原则上全部实行"免申即享"。徐宇轩回忆，2025 年下半年，黑湖科技参加了"数据要素×"大赛全国总决赛，荣获"工业制造"赛道全国第一。很快公司就收到一条短信，确认信息后，政府立即 将"免申即享"补贴打进账户。这让徐宇轩"非常意外"，这笔钱虽不算多，但实实在在，以前可能还需在"一网通办"填信息，现在连申请都免了。 第23届工博会，黑湖科技展区。资料图 世 ...

Core Viewpoint - The company, Changlian Technology (301618.SZ), aims to enhance its strategic development by establishing a new investment fund in collaboration with several investment management firms, focusing on accelerating its industrial ecosystem layout and improving overall competitiveness [1] Group 1: Investment Fund Details - The company plans to co-invest in the Guangdong Dongliao Chuanglian New Materials Venture Capital Fund Partnership with multiple partners, including Dongzheng Jinxin Investment Management Co., Ltd. and others [1] - The total scale of the fund is set at 94.5 million yuan, with the company committing 30 million yuan, representing 31.75% of the total investment [1]

Core Insights - Ningde Times reported a strong financial performance for Q3 2025, with a revenue of 104.186 billion yuan, a year-on-year increase of 12.9%, and a net profit attributable to shareholders of 18.549 billion yuan, up 41.21% [1] - The company achieved a total revenue of 283.1 billion yuan for the first three quarters, reflecting a year-on-year growth of 9.28%, with a net profit of 49 billion yuan, an increase of 36.20% [1] - As of September 30, 2025, the company's total assets reached 896.08 billion yuan, a 13.91% increase from the previous year [2] Financial Performance - Q3 2025 revenue was 104.186 billion yuan, with a net profit of 18.549 billion yuan, and a net profit excluding non-recurring items of 16.4 billion yuan [1] - For the first three quarters, the company reported a cumulative revenue of 283.1 billion yuan and a net profit of 49 billion yuan [1] - The company's investment income for the first three quarters was 5.237 billion yuan, a significant increase of 67.46% [1] Balance Sheet and Cash Flow - As of September 30, 2025, contract liabilities amounted to 40.678 billion yuan, a 34.05% increase from the end of the previous year [1] - The company reported a net cash flow from operating activities of 80.66 billion yuan for the first three quarters, a year-on-year increase of 19.60% [1] - Total assets reached 896.08 billion yuan, with inventory growing by 34.05% to 80.21 billion yuan [2] Strategic Initiatives - Ningde Times is advancing global capacity construction and has over 360 billion yuan in cash and financial assets to support R&D and capacity expansion [2] - The company launched the NP3.0 technology for smart driving safety and initiated large-scale applications of sodium-ion batteries [2] - Strategic partnerships include collaboration with JD Group to integrate battery technology and supply chain advantages, and a joint venture with Sinopec to build a nationwide battery swap network [2]