面向"十五五"，随着政策红利释放、产业基础夯实，西藏资本市场将继续以资本为纽带，连接创新与实体，书写高质量发展新篇章。 "十四五"规划胜利收官，西藏资本市场在服务地方经济高质量发展中交出亮眼答卷。 从上市公司"量质齐升"到创新投入持续加码，从投资者回报机制完善到风险防控坚实有力，雪域高原的资本市场正以独特的发展节奏，为西 藏经济转型升级注入强劲动能，也为"十五五"时期持续增长奠定坚实基础。 上市公司"量稳质升" 产业集群效应凸显 "十四五"时期，西藏上市公司实现规模与质量双重突破，数量稳步增长，市值与经营效益跨越式提升，以医药、有色金属为核心的产业集 群，成为区域经济发展"主力军"。 截至2025年三季度末，西藏辖区A股上市公司达22家，较2021年初增加2家，总市值从2000多亿元跃升至3200亿元，14家企业跻身"百亿 俱乐部"，占比近六成。 经营业绩方面，西藏上市公司展现强劲增长韧性。2025年前三季度，22家上市公司合计营业收入409.8亿元，同比增长4.96%；合计归母净 利润66.3亿元，同比增长37.2%。两项指标增速分别是全国平均水平的3.8倍、6.7倍，凸显优质发展成色。 产业结构上，上市公 ...

2026年伊始，首批深市上市公司2025年年度业绩预告率先披露，盐湖股份、天赐材料、华菱钢铁、首钢 股份、孩子王、传化智联等多家企业集中释放业绩向好积极信号。 首钢股份2025年业绩稳健攀升，预计归母净利润9.2亿元至10.6亿元，同比增长95.29%至125.01%。公司 聚焦"制造+服务"双轮驱动，重点推进电工钢、汽车板等高端产品研发生产，首发多款高端产品，战略 产品产量稳步增长。凭借技术创新、绿色制造与精准服务的核心优势，公司在高端钢材市场竞争力持续 提升，为业绩增长注入持久动力。 母婴零售龙头孩子王2025年业绩持续向好，预计归母净利润2.75亿元至3.3亿元，同比增长51.72%至 82.06%，实现连续三年净利润增长。公司实施"扩品类、扩赛道、扩业态"三扩战略，通过密集并购完善 业务布局，收购的乐友国际成为业绩重要支撑，2024年贡献净利润占比达58%；2025年收购丝域生物切 入养发护发赛道，进一步拓宽服务边界。同时，公司强化单客经营与精细化运营，完善"短链+自营"供 应链体系，布局下沉市场精选加盟店，推动自营业务稳健增长。 传化智联凭借"物流+化学"双主业协同优势，2025年业绩大幅增长，预计 ...

2026年伊始，首批深市上市公司2025年年度业绩预告率先披露，盐湖股份（000792）、天赐材料 （002709）、华菱钢铁（000932）、首钢股份（000959）、孩子王（301078）、传化智联（002010）等 多家企业集中释放业绩向好积极信号。 从业绩表现来看，这些公司业绩均实现同比大幅增长，覆盖化工、新能源、钢铁、消费服务、智慧物流 等多个关键领域。 传化智联凭借"物流+化学"双主业协同优势，2025年业绩大幅增长，预计归母净利润5.4亿元至7亿元， 同比增长256.07%至361.57%。2025年，公司两大主业发力各有侧重，双轮驱动业绩增长，其中，化学 业务聚焦市场需求，优化营销策略；物流业务持续优化资产结构，聚焦优势业务，提升盈利能力。此 外，传化智联充分发挥自身场景、业务优势，积极聚焦"场景+科技+应用"的转型，包括开放场景资 源，积极拥抱AI；积极探索具身智能场景应用；探索试点无人车运输；签约国际头部企业，积极推进 化学业务先进技术和产能出海；加快物流领域新能源"电力"布局等。 尽管所处行业赛道不同、业务模式各异，但这些企业凭借核心竞争力筑牢增长根基，共同勾勒出深市上 市公司韧性十足、 ...

Core Viewpoint - The first batch of Shenzhen-listed companies has released optimistic performance forecasts for 2025, indicating significant year-on-year growth across various sectors, including chemicals, new energy, steel, consumer services, and smart logistics, reflecting the resilience and recovery of the real economy [1][7]. Group 1: Performance Highlights - Salt Lake Co., as a leader in the potassium fertilizer industry and lithium extraction, expects a net profit of 8.29 billion to 8.89 billion yuan for 2025, representing a year-on-year increase of 77.78% to 90.65% [3]. - Tianqi Lithium, a global leader in lithium-ion battery electrolyte, anticipates a net profit of 1.1 billion to 1.6 billion yuan, with a growth rate of 127.31% to 230.63% [3]. - Huazhong Steel is projected to achieve a net profit of 2.6 billion to 3 billion yuan, reflecting a year-on-year increase of 27.97% to 47.66% [3]. - Shougang Group expects a net profit of 920 million to 1.06 billion yuan, with a growth of 95.29% to 125.01% [4]. - Kidswant, a leading maternal and infant retail company, forecasts a net profit of 275 million to 330 million yuan, marking a growth of 51.72% to 82.06% [4]. - Chuanhua Zhihui anticipates a net profit of 540 million to 700 million yuan, with a significant increase of 256.07% to 361.57% [5]. Group 2: Common Characteristics of Companies - The companies exhibit five common characteristics: technological innovation, industry dividends, lean management, capital empowerment, and accelerated transformation, which are crucial for high-quality development [7]. - R&D investment and technological breakthroughs are key drivers of performance growth, with companies focusing on overcoming critical technologies and enhancing product value [7][8]. - The companies benefit from industry growth, with Salt Lake Co. and Tianqi Lithium capitalizing on the recovery of potassium and lithium markets, respectively [7]. - Operational efficiency and supply chain management are emphasized, with companies optimizing costs and enhancing profitability through integrated operations [8]. - Effective use of capital market tools has accelerated growth, with various companies employing strategies such as share buybacks and mergers to expand their business [8].

Group 1 - The conference aimed to create a high-level communication platform to promote the deep integration of unicorn companies with capital, policies, and industrial chains, facilitating the leapfrog development of high-growth enterprises [2] - The East District of Beijing, as a core area of the capital, contributes nearly 8% of the regional GDP with only about 0.25% of the city's area, achieving a GDP of 380.87 billion in 2024 and an average annual growth rate of over 5% since the 14th Five-Year Plan [2] - The East District is committed to high-quality development, focusing on emerging industries such as healthcare, green advanced energy, and cultural technology integration, while continuously optimizing and upgrading its industrial structure through specific policies and economic operation systems [2] Group 2 - The Zhongguancun East District is actively promoting industrial renewal and the layout of strategic emerging industries by strengthening industrial chains and cultivating a high-level industrial ecosystem [3] - The district utilizes a multi-dimensional model of "platform companies + industrial funds + listed companies" to deepen capital empowerment and optimize industrial space [3] - Future initiatives will rely on the "Smart Zijin" service platform to provide tailored measures and continuous support for potential companies to grow into unicorns, aiming for a leap in the industrial ecosystem and a new chapter in regional economic development [3]

基金、担保合作项目签约 在"银行、保险直投与长期资本入甘对话 "活动中，中银金融租赁有限公司副总裁李昱做了金融资产投资赋能实体经济高质量发展的主题发言。公司代表 与多家金融机构围绕股权合作、资本赋能等议题展开务实交流，进一步拓宽了产融合作的路径与网络。 在当天下午举办的"陇原之星"项目路演中，兰石中科向投资界生动展示了其"一体两翼"的商业架构与"沿途下蛋"的经营发展模式，为资本市场呈现出一条 兼具创新力与确定性的盈利模式，获得了评审专家的一致认可，夺得路演第一名，荣获"陇原之星"荣誉称号。 "陇原之星"项目路演颁奖仪式 12月17日，由甘肃省委金融办、人行甘肃省分行、甘肃金融监管局、甘肃证监局，省发展改革委、省科技厅、省工信厅、省商务厅、省政府国资委联合主 办的"聚势陇原·赋能未来——金融企业甘肃行暨投融资大会"在兰州宁卧庄宾馆召开，旨在深化产融对接，为全省经济社会高质量发展提供有力金融支 撑。甘肃省委副书记、省长任振鹤出席并致辞，甘肃省委常委、省政府副省长雷思维，甘肃省政府副省长王兵等省市级领导、金融监管部门、银行及投资 机构约300位嘉宾共聚一堂，围绕金融服务实体经济、资本赋能产业升级等展开深度对话，为甘 ...

Core Insights - The article discusses the successful completion of the Huatai Chuangxing CEO Global Acceleration Camp, focusing on capital operation modules aimed at helping small and medium enterprises transition from rapid growth to high-quality development [1][28]. Group 1: Capital Operation and Financing - The current entrepreneurial landscape necessitates that SMEs overcome challenges related to financing to build resilience for long-term growth [3]. - Effective financing requires understanding the preferences of investment institutions and ensuring value alignment rather than merely selling a story [4]. - Entrepreneurs must demonstrate verifiable product-market fit and clear growth paths to attract investment, as market logic emphasizes the importance of financial discipline and operational consistency [6][13]. Group 2: Mergers and Acquisitions - Mergers and acquisitions are crucial for enterprise expansion and resource integration, with a focus on strategic negotiation and understanding the multifaceted nature of transactions [9]. - Successful negotiation involves a comprehensive approach that goes beyond price, emphasizing strategic thinking and the balance of various factors [9]. Group 3: Legal and Financial Considerations - Legal challenges in financing, such as equity arrangements and risk points in investment agreements, are critical for entrepreneurs to understand [11]. - Financial preparation is essential for companies seeking to go public, particularly in ensuring transparency and compliance with regulatory standards [17]. Group 4: Community and Networking - The acceleration camp fosters a supportive community where entrepreneurs can share experiences and challenges, enhancing collaboration and trust among participants [21][25]. - Participants highlighted the value of learning from peers at similar stages of development, which aids in navigating common challenges and avoiding pitfalls [26][27]. Group 5: Future Outlook - The program aims to continue supporting entrepreneurs in adapting to changing market conditions and technological advancements, with ongoing recruitment for the next cohort [29].

日前， 芜湖高新国控产业投资有限公司成功在深圳证券交易所发行全市首单科技创新公司债券。本期债券发行规模2亿元，期限3年，票面利 率2.39%，于2025年12月4日完成发行，全场认购倍数达2.25倍，市场反响积极。 近年来，芜湖高新国控围绕"资本赋能、产业升级"两大主线，积极构建金融支持实体经济的示范模式。此次债券发行有效贯通区域创新资源与 金融资本，助力产业竞争力整体提升。 值得关注的是， 该公司在一年内已连续打通上海、深圳证券交易所两大直接融资渠道，融资能力与市场信用显著增强。未来，公司将深化"投 资、孵化、成长"生态体系建设，深度融入高新区"科技创新"发展格局，持续优化区域创新环境。 据了解，该债券是芜湖市首支在深交所落地的公司债券，也是全市首个实现债券额度新增的区县级主体发行的债券，体现了市场对芜湖高新区 及发行主体发展前景的认可。 此次募集资金将精准支持高新区内科技创新企业，用于产业投资与科技成果转化。此举将推动产业链现代化提升，为地方经济高质量发展增添 新动能。 本次债券发行是高新区推动经济社会全面创新转型的重要成果。通过创新融资方式、增强资本韧性，不仅强化了对科技创新的资金支持，也促 进了金融资 ...

Core Insights - Jiangyin hosted the 2025 Economic and Trade Cooperation Conference, attracting nearly 300 guests from home and abroad to discuss cooperation and development opportunities [1] Investment Projects - During the 14th Five-Year Plan period, Jiangyin signed 321 projects with investments exceeding 100 million yuan, totaling 262.7 billion yuan, including 81 projects over 1 billion yuan and 10 projects over 5 billion yuan [1] - Notable projects include six major projects worth over 10 billion yuan each, such as Changdian Microelectronics and Shenghe Crystal Micro [1] - In the recent "Golden Autumn Investment Month," Jiangyin conducted over 50 investment activities, signing 208 projects with a total investment of 68 billion yuan, including one project over 10 billion yuan and 29 projects over 1 billion yuan [3] Future Development Plans - Jiangyin aims to implement the spirit of the 20th National Congress, focusing on becoming a regional central city and a model for county-level development, with plans to establish regional industry, technology, transportation, openness, and cultural tourism centers [1] Industry Promotion Initiatives - The event featured the launch of the "Innovation Jiangyin" university technology transfer alliance and showcased key industrial parks, including Jiangyin Microelectronics Industrial Park and Jiangyin Carbon Neutral Technology Industrial Park [2] - A roundtable discussion on industrial development was held, featuring leaders from various companies discussing capital empowerment and creating a favorable business environment [2]

空港开发相关负责人表示，将持续推进"招、投、落"一体化模式，推动更多高水平创新资源向顺义汇 聚，为区域产业高质量发展和服务首都"四个中心"建设持续注入动力。 12月5日，以"资本赋能产业·生态汇聚空港"为主题的招商投资推介暨项目签约活动在顺义举行。活动发 布"招投落"一体化产业促进模式，5.25亿临空产业基金首批项目签约，重点布局生物医药、智能制造等 领域，推动临空经济区产业集聚与能级提升。 来源：北京日报客户端 在精准招商方面，顺义区属产业促进平台——北京空港经济开发有限公司（简称"空港开发"）紧扣顺义 区"5+4"主导产业布局，围绕生物医药、智能制造、数字经济等重点赛道打造特色园区。其中，顺义 （空港）生物医药科技产业园确立了以高端医疗器械为主导，以微生物与药食同源、干细胞与再生医学 等为重点的产业定位。2025年1至10月，园区引入79家企业注册、资金10.21亿元，新入驻企业面积2.1万 平方米，产业结构持续优化。 记者：孟紫薇,武亦彬 在资本赋能方面，临空产业基金于今年3月设立、5月备案，首期规模5.25亿元。本次签约的3个项目将 进入投资交割阶段，总投资额7500万元，撬动社会资本1.24亿元，形 ...