雄成瓷业的转型蝶变，正是北流市陶瓷产业整体智能化升级的生动缩影。五年来，北流通过产业升级资 金、"桂惠贷"等政策工具，帮助51家陶瓷企业争取扶持资金项目229个，总金额3728万元，累计兑现财 政扶持2983万元。全市累计6家规模以上陶瓷企业申报自治区技术改造资金，建成智能生产线39条。 绿色创新多元发展拓新局 面对传统产业转型压力与市场环境深刻变革，北流市打破传统发展路径依赖，将工艺、科技创新作为绿 色发展关键变量，推动产业向多元格局拓展。"十四五"期间，北流市陶瓷企业研发经费投入5458万元， 创新活力持续迸发。 北流市作为我国日用陶瓷四大产区、"中国陶瓷名城""中国日用陶瓷出口基地"，有着源远流长的制陶技 艺与坚实的产业基础。但长期面临产品附加值低、创新投入不足等问题，智能化改造进度滞后于产业需 求。为此，北流市制定并深入落实《北流市陶瓷产业转型升级发展规划》，推动3D打印、数字化设计 等先进技术与传统制造深度融合。 "升级后我们企业节省了40%的劳动力，生产综合成本降低20%、产能提升15%，产品优良率提高到 99%，这也成为了我们能够快速响应追加订单的关键。今年我们在广交会上就收获意向订单超500万 ...

曲公司 and Comment E 约 主力 2025 年 12 月 23 日 江中药业 固本拓新，胃肠健康领导者 报告原因: 首次覆盖 (首次评级) | 市场数据: 2025 年 12 月 22 日 | | --- | | 收盘价（元) 24.73 | | 一年内最高/最低（元） 24.98/20.83 | | 市净率 4.1 | | 股息率% (分红/股价) 4.85 | | 流通 A 股市值 (百万元) 15,547 | | 上证指数/深证成指 3,917.36/13,332.73 | | 注："股息率"以最近一年已公布分红计算 | | 基础数据: | 2025年09月30日 | | --- | --- | | 每股净资产（元） | 5.98 | | 资产负债率% | 35.46 | | 总股本/流通 A 股 (百万) | 635/629 | | 流通 B 股/H 股 (百万) | -/- | 年内股价与大盘对 (600750) 沪深300指数 (收益率) 一 40% 证券分析师 张静含 A0230522080004 zhangjh@swsresearch.com 凌静怡 A0230522060001 ...

格隆汇12月17日｜香港证券及期货事务监察委员会今天发表2025年7月至9月《季度报告》，显示香港资 本市场在深化内联外通、推动金融创新和多元发展方面均取得重大进展。香港持续深化联通内地及海外 市场，从而巩固其超级联系人的角色。证监会行政总裁梁凤仪女士表示："尽管全球市场面对不少不利 因素及波动不定，香港资本市场于季内依然保持稳步增长及多元发展。为了巩固香港的国际金融中心地 位，我们必须以适切的监管框架及健全的投资者保障为基础，持续提升本港市场应对未来挑战的能力和 强化韧性。" ...

Core Insights - Advantech has been recognized in Forbes' 2025 "World's Best Employers" list, reflecting high trust in its employer brand from global employees and the public [1] - The recognition underscores Advantech's commitment to a "people-oriented, diverse development" strategy, aiming for a fulfilling life goal of "work, learning, and love" [1] Employer Brand Evaluation - The Forbes list is based on an anonymous survey of over 300,000 employees across more than 50 countries, assessing employer image through dimensions such as compensation attractiveness, learning development, career opportunities, work-life balance, and cultural values [1][3] - Advantech's selection is attributed to its long-term talent development mechanisms that enable employees to achieve comprehensive growth in professional advancement, career progression, and life balance [1] Talent Development Strategy - Advantech adheres to a core strategy of "people-oriented, diverse development," viewing talent growth as a personalized, dynamic process [3] - The company has established a comprehensive empowerment system covering new hires, professional talents, and core leadership, respecting individual differences while supporting diverse choices [3] Employee Empowerment Mechanisms - Advantech employs various mechanisms such as eLearning, one-on-one mentorship, cross-team learning communities, and book clubs to create a regular empowerment matrix [3] - Specific programs like the "Launch Training Camp" and "Professional Skills Courses" accelerate the progression of new and professional talents, while leadership training includes international workshops and camps to enhance strategic thinking and cross-cultural governance [3] Work-Life Balance Initiatives - The company emphasizes the importance of work-life balance, believing that employee growth extends beyond career advancement to include the nurturing of personal life and family [5] - Initiatives like the annual Family Day strengthen the bond between employees and their families, allowing them to express gratitude for their support [5] Community and Personal Development - Advantech fosters a sense of community through the ABLE Club, which provides diverse interest groups for employees to engage in activities like reading, sports, and public service, allowing them to reconnect with their passions [5] - This approach helps employees find balance between family warmth and personal interests, enhancing their creativity and vitality, which in turn benefits the organization [5] Commitment to Sustainability - Advantech integrates sustainability into its long-term development goals, focusing on "green operations," "IoT for public benefit," and "employee and social well-being" [7] - The company believes in a symbiotic relationship between corporate and talent growth, emphasizing a people-oriented philosophy that has earned deep trust from global employees [7] - The recognition by Forbes serves as international validation of Advantech's commitment to its vision of being a "driver of a smart earth," encouraging continued investment in talent value and sustainable innovation [7]

"太原正处于国家、省战略布局叠加、政策支持最多的黄金时期。如今的太原持续推动能源转型、产业 升级和适度多元发展，聚焦新一代半导体、高端装备制造、先进生物材料及生物制药等特色产业链精准 发力，不断强龙头、延链条、建集群，成为内陆地区极具竞争力的投资热土。"推介会上，太原市促进 外来投资局党组书记、局长许涛向现场嘉宾介绍道。 初冬的太原，寒意渐浓，湖滨国际大酒店三层会议室内却暖意融融、笑语盈盈。11月27日，由山西省贸 促会精心筹备的"2025境外贸易投资促进机构和商协会山西行"活动在此隆重举行。来自德国、摩洛哥、 马来西亚等国家及上海合作组织、中国亚洲经济发展协会等13家境外贸易投资促进机构、商协会代表， 与我省相关部门及省内外向型企业代表齐聚一堂，拉开了与山西共话开放、共谋发展的序幕。 产业招商靶向发力 特色集群引凤来 近年来，山西锚定高质量发展首要任务，聚焦能源转型、产业升级与适度多元发展，推动科技创新与产 业创新深度融合，加快构建彰显山西特色、富有比较优势的现代化产业体系。 长治市立足新材料、新能源产业新高地，聚焦半导体新材料赛道打造"山西光电"产业集群，在现代煤化 工领域延伸高端精细化工产业链，通过焦化 ...

Core Insights - The shipbuilding and marine engineering industry in Weihai is experiencing significant growth, with major companies reporting a 45% year-on-year increase in orders and production schedules extending to 2028 [1][2]. Group 1: Company Performance - Huanghai Shipbuilding has delivered over 20 large vessels this year, achieving a production value increase of over 25% year-on-year [2]. - The company currently holds more than 110 shipbuilding orders, with a total contract value exceeding 20 billion yuan [2]. - Key enterprises in the industry have a total order volume of 3.94 million deadweight tons, reflecting a 45% year-on-year increase [2]. Group 2: Industry Development - Weihai's shipbuilding and marine engineering sector has developed a comprehensive industrial system, featuring 60 large-scale enterprises and a variety of products across 15 categories [2][3]. - The region is focusing on high-end development, with significant advancements in specialized vessels, offshore engineering equipment, and luxury yachts [3]. - Weihai has established three major industrial clusters to promote collaborative development and resource sharing [3]. Group 3: New Market Expansion - The industry is diversifying into new fields, such as offshore wind power equipment and marine monitoring technology, with successful entries by leading companies [4]. - The introduction of major players in the offshore wind sector has led to the formation of a complete industrial chain in the region [4]. - Weihai's companies are also making strides in marine exploration technology, breaking foreign technology barriers [4].

Core Viewpoint - The article discusses the transformation of Puyang from a resource-dependent oil city to a diversified economy focusing on new materials and renewable energy, highlighting the importance of technological innovation and industry restructuring for sustainable development [1][10][22]. Group 1: Historical Context - Puyang was established as a city in 1983, thriving due to the discovery and development of the Zhongyuan Oilfield, which significantly shaped its economic framework [1][3]. - By 2011, Puyang was classified as a resource-depleted city, facing challenges as the oil industry began to decline [3][4]. Group 2: Technological Innovation - New technologies have revitalized the oil extraction process, allowing for the recovery of previously unrecoverable oil reserves, with new wells producing an average of 5 tons of oil per day [5][6]. - The implementation of digital upgrades in oil extraction machinery has reduced downtime by 30%, ensuring stable production and minimizing losses [8]. Group 3: Industry Diversification - Puyang has successfully transitioned from a single-industry economy to a multi-faceted one, with significant advancements in new materials, such as bio-based PC materials, which can sell for over 100,000 yuan per ton [11][14]. - The city has developed a new biodegradable materials industry using corn husks, creating a new growth point for local development [12]. Group 4: Renewable Energy Development - Puyang is actively developing wind energy resources, with significant projects like the 500 MW wind farm in Puyang County, contributing to a new industrial ecosystem [15][17]. - The establishment of hydrogen production facilities, including the largest PEM electrolysis unit in the country, positions Puyang as a key player in the hydrogen economy [15][17]. Group 5: Urban Renewal and Community Impact - The transformation of industrial sites into community spaces has revitalized the city, turning former oil facilities into cultural and recreational hubs [19]. - In 2024, Puyang's GDP is projected to exceed 200 billion yuan, with a notable increase in industrial output, reflecting the success of its economic transition [21][22].

Group 1 - The core viewpoint emphasizes the necessity of diversified development to overcome the challenges of being overly reliant on a single industry, advocating for multi-faceted growth and enhanced coordination between regions and industries [1][2][3] - The city of Tongchuan, once heavily dependent on coal, is undergoing a transformation with a focus on intelligent manufacturing and aluminum processing, showcasing a shift from coal-based industries to more sustainable practices [1][2] - Since 2016, Tongchuan has closed 23 coal mines and dismantled 41 cement kilns, leading to a significant reduction in non-coal mining enterprises from over 300 to 42, while upgrading remaining facilities to low-carbon standards [2] Group 2 - The restructuring of Tongchuan's industrial landscape includes the development of three major industry clusters: energy resources, advanced manufacturing, and emerging industries, with a target for non-coal industries to account for 87% by 2024 [2] - The establishment of the optoelectronic integrated industry park has attracted over 30 upstream and downstream enterprises, indicating a successful transition from a non-existent to a thriving optoelectronic industry cluster [2] - The integration of health and cultural tourism into the local economy has revitalized the city, transforming it from a heavily polluted area to one with approximately 280 days of good air quality annually [3]

Group 1 - The article highlights the impact of U.S. tariffs on global trade, prompting companies in Zhejiang to diversify their markets and seek new opportunities domestically and internationally [1][2] - Desai Group, a major shoe manufacturer, has seen a 30% year-on-year increase in orders from Europe, compensating for a decline in U.S. orders due to tariffs [1] - The company has shifted its workforce to focus on growing orders from other countries, indicating a strategic pivot in response to market challenges [1] Group 2 - Chenda Bathroom Appliances, which exports 50% of its products to the U.S., has faced delays in over 4 million yuan worth of orders due to tariffs, leading to a focus on finding new clients [2] - The company plans to double its participation in domestic and international exhibitions in 2024, targeting markets in the Middle East, Southeast Asia, and Eastern Europe [2] - Zhejiang Kaijia Crafts, which exports 40% of its products to the U.S., is also shifting focus to the domestic market while developing new products to mitigate the impact of declining foreign orders [2][3] Group 3 - Kaijia Crafts has begun utilizing social media platforms like Taobao and Douyin to promote its products, achieving daily sales of over 10,000 yuan [3] - The company is expanding its product range to include felt hats and scarves, aiming to offset losses from reduced foreign trade orders [3] - The overall strategy for these companies includes enhancing brand influence and market share through diversified product offerings and increased domestic sales efforts [1][2][3]