从行业背景来看，本次合作原本被寄予产能协同与区域布局优化的预期。公开资料显示，金龙集团是国 内精密铜管领域的头部企业，为全国第四批单项产品冠军企业，业务覆盖新能源驱动电机、集成电路等 高端领域，且与地方资源绑定。而海亮股份作为全球铜加工行业龙头，正积极布局成渝双城经济圈、雄 安新区等战略区域，通过"地理区位+产业协同+政策赋能"构建战略网络，若能成功参股金龙集团，可 借助其现有产能快速响应西南地区轨道交通、新能源基建等领域的铜材需求，缩短供应链半径并降低物 流成本。 对于本次交易搁置的核心原因，海亮股份在公告中明确指向"外部形势剧烈变化"及"监管要求未达成统 一"。公告称，框架协议披露后，双方始终保持密切沟通并为事项合规推进作出不懈努力，但受外部形 势变化影响，在满足各自监管要求的关键事项上未能形成一致意见，导致本次投资事项存在重大不确定 性。基于审慎性原则，公司第九届董事会第六次会议于2026年1月7日审议通过相关议案，正式决定搁置 该收购事项。 1月8日晚，海亮股份（002203）发布公告，宣布搁置原拟投资入股金龙精密铜管集团股份有限公司(简 称"金龙集团")的相关事项。公告显示，因外部形势发生剧烈变化， ...

Core Viewpoint - The company plans to invest 800 million yuan in the construction of a new testing base in Chengdu, which is a strategic move to enhance regional layout and overcome business limitations [1] Group 1: Investment Details - The total investment for the Southwest Testing Base in Chengdu is 800 million yuan [1] - The establishment of this base is aimed at supporting sustainable development by providing dedicated office and laboratory space [1] Group 2: Strategic Importance - The new facility will help avoid constraints related to leasing, such as structural limitations and expansion challenges [1] - It will mitigate risks associated with relocating after lease expiration, ensuring stable operations for the laboratory [1] - This investment is expected to strengthen the company's long-term operational planning and enhance its competitive edge [1]

Core Viewpoint - The article emphasizes the importance of expanding intermediate goods trade in China as a key strategy for enhancing economic security, promoting high-quality development, and optimizing trade structure during the 14th Five-Year Plan period [1] Summary by Sections Intermediate Goods Trade Overview - Intermediate goods trade involves cross-border transactions of raw materials, components, and semi-finished products, reflecting a country's participation in global production networks and industrial competitiveness [1] - China's intermediate goods trade has shown a trend of scale expansion and structural upgrading, with a shift from labor-intensive to technology-intensive products, enhancing the resilience of supply chains and mitigating external market risks [1] Challenges in Intermediate Goods Trade - China's high reliance on imports for intermediate goods indicates a lower position in the global value chain, particularly for high-end intermediate goods and core technologies [2] - The digitalization and standardization levels of intermediate goods trade need improvement, and there is insufficient pricing power and regulatory influence in global supply chains [2] Strategies for High-Quality Development - Strengthening original technological innovation is crucial to overcoming bottlenecks in high-end intermediate goods supply [2] - A dynamic assessment of the industrial chain is necessary to identify weak points and enhance collaboration on key technologies through national initiatives [2] Regional Layout and Industry Clusters - Optimizing regional layouts and cultivating industry clusters are essential for enhancing competitive advantages in intermediate goods trade [3] - Coastal regions should focus on technology-intensive intermediate goods, while central and western regions should develop advanced manufacturing bases to support global supply chains [3] Expanding Trade Networks - Developing a diversified trade network is vital for the quality of intermediate goods trade, with a focus on building high-quality trade networks along the Belt and Road Initiative [3] - Engaging in regional free trade agreements and participating in international standard-setting can enhance market access and reduce institutional barriers [3] Policy Support and Risk Management - Establishing a comprehensive policy support system is necessary to facilitate the development of intermediate goods trade, including financial and tax incentives [4] - Expanding export credit insurance and creating a dispute resolution mechanism can provide risk protection and legal support for businesses involved in intermediate goods trade [4]