Core Viewpoint - The article discusses the release of the evaluation index system for world-class enterprises in 16 industries by state-owned enterprises, highlighting the progress and assessment of central enterprises in building world-class standards [1]. Group 1: Evaluation Index System - The first batch of 11 industry evaluation index systems was released in November 2024, followed by a second batch of 5 in November 2025, covering 16 industries including power grid, oil and gas exploration, and telecommunications [1]. - The evaluation index system aims to assess the construction of world-class enterprises based on data from the year 2024 [1]. Group 2: Assessment Results - Among the 45 central enterprises evaluated, 13, including China National Petroleum, China Petroleum & Chemical, and State Grid, ranked in the top tier of their respective industries [1]. - The overall results indicate that central enterprises are making solid progress in building world-class standards [1]. Group 3: Key Evaluation Metrics - The evaluation metrics include various dimensions such as competitiveness, innovation, control, influence, and risk management, with specific indicators for each dimension [2][4][5]. - Key indicators include total revenue, total assets, profit margins, and R&D investment intensity, which are essential for assessing the performance and competitiveness of enterprises [2][3][4][5].

Core Viewpoint - Shandong has prioritized technological innovation as a core element of its development strategy during the "14th Five-Year Plan" period, significantly enhancing its innovation capabilities and achieving its planning goals for high-quality economic and social development [1] Group 1: Technological Achievements - Shandong has made several landmark innovations, including the world's first operational fourth-generation nuclear power plant and the largest solid rocket carrier "Gravity One" [2] - The province has achieved significant breakthroughs in traditional industries, such as the production of the world's thinnest hot-rolled strip steel at 0.6 mm and a 70% reduction in energy consumption in the metallurgy sector [2] - In the chemical industry, Shandong's Dongming Petrochemical developed a technology that reduces crude oil consumption by approximately 60% [2] Group 2: Emerging Industries - Shandong is fostering new industries, with notable advancements in information technology, including the world's first 12-inch silicon carbide substrate and a fully domestically produced server [3] - The province is also making strides in high-end equipment, such as the first semi-fixed rocket sea testing platform in China [3] - In artificial intelligence, Haier launched a smart home model covering nearly 200 million users, while robotics companies are leading in market share for precision gearboxes and collaborative robots [3] Group 3: Technology Transfer and Application - Shandong has implemented 51 technology reform tasks to eliminate barriers to innovation and enhance the service system for technology transfer [4] - The province has initiated 31 provincial-level technology demonstration projects, significantly expanding its hydrogen energy industry from over 500 companies in 2020 to 1,200 [4] - In the first half of the year, Shandong completed 284 pilot projects and verified 318 technological achievements, with 259 successfully transferred to production [4] Group 4: Market and Service Development - Shandong has established a comprehensive technology market that integrates technology trading, enterprise incubation, and financing, with 56,700 technology achievements and a transaction amount of 1.521 billion yuan [5] - The province has built 12 national and provincial-level training bases for technology transfer personnel, training over 8,700 technology managers [6] Group 5: Corporate Innovation Support - Shandong has reinforced the role of enterprises in technological innovation through various supportive policies, with over 90% of major technology projects led by enterprises [7] - The province has allocated over 5.8 billion yuan in financial support to more than 65,000 enterprises, significantly reducing R&D costs and stimulating innovation [8] - Corporate R&D investment has consistently accounted for over 88% of total social R&D investment, maintaining a leading position nationally [8]

每经头条（nbdtoutiao）——展望"十五五" | 专访黄群慧：既要重视AI赋能千行百业，也要考量其对就业 的替代效应和带来的收入极化 （记者 曾健辉） 截至发稿，江苏神通市值为69亿元。 每经AI快讯，江苏神通（SZ 002438，收盘价：13.58元）发布公告称，2025年11月19日，江苏神通接受 中金公司调研，公司副总裁章其强先生参与接待，并回答了投资者提出的问题。 2025年1至6月份，江苏神通的营业收入构成为：核电行业占比38.37%，节能环保行业占比18.78%，冶 金行业占比18.45%，能源装备行业占比17.05%，其他业务占比7.35%。 ...

(责编：胡永秋、杨光宇) 张国清强调，国有企业要持续提高自主创新能力，以科技创新与产业创新深度融合培育新质生产力、打 造竞争新优势。要健全国有企业推进原始创新制度安排，提升基础研究的研发投入占比，加快原创技术 策源地布局与建设，在关键核心技术、关键共性技术、前沿技术上取得更多突破。要推动国有企业加快 布局建设一批概念验证、中试验证平台，强化软硬件创新与标准研制一体推进，加快应用场景培育和开 放，形成技术突破、场景验证、产业应用、迭代升级的良性循环。要支持国有企业与高校、科研院所、 民营企业密切配合，面向产业所需共同凝练科技问题、协同开展攻关、共建创新平台、联合培养人才， 促进创新要素顺畅流动，持续优化创新生态，提升协同创新整体效能。 《 人民日报 》（ 2025年11月20日 02 版） 新华社重庆11月19日电 中共中央政治局委员、国务院副总理张国清16日至19日在贵州、重庆调研制造 业数智化转型升级、国有企业创新发展等工作。他强调，要认真学习贯彻党的二十届四中全会精神，深 入贯彻落实习近平总书记重要讲话精神，准确把握新质生产力丰富内涵，加快制造业数智化转型升级， 扎实推进国有企业创新发展，坚持优化提升传统 ...

中共中央政治局委员、国务院副总理张国清16日至19日在贵州、重庆调研制造业数智化转型升级、国有 企业创新发展等工作。他强调，要认真学习贯彻党的二十届四中全会精神，深入贯彻落实习近平总书记 重要讲话精神，准确把握新质生产力丰富内涵，加快制造业数智化转型升级，扎实推进国有企业创新发 展，坚持优化提升传统产业、培育壮大新兴产业、前瞻布局未来产业并举，因地制宜发展新质生产力。 （文章来源：新华社） 张国清强调，国有企业要持续提高自主创新能力，以科技创新与产业创新深度融合培育新质生产力、打 造竞争新优势。要健全国有企业推进原始创新制度安排，提升基础研究的研发投入占比，加快原创技术 策源地布局与建设，在关键核心技术、关键共性技术、前沿技术上取得更多突破。要推动国有企业加快 布局建设一批概念验证、中试验证平台，强化软硬件创新与标准研制一体推进，加快应用场景培育和开 放，形成技术突破、场景验证、产业应用、迭代升级的良性循环。要支持国有企业与高校、科研院所、 民营企业密切配合，面向产业所需共同凝练科技问题、协同开展攻关、共建创新平台、联合培养人才， 促进创新要素顺畅流动，持续优化创新生态，提升协同创新整体效能。 在贵州和重庆， ...

Core Points - Inner Mongolia's total industrial added value is set to exceed 1 trillion yuan in 2024, marking a historic milestone [1] - The average annual growth rate of industrial added value is projected at 9.3%, contributing 38% to the GDP, an increase of 5.6 percentage points compared to the end of the 13th Five-Year Plan [1] - Inner Mongolia ranks 14th nationally in total industrial output, moving into the upper-middle tier of the country [1] Industrial Structure - The industrial sector in Inner Mongolia is primarily composed of energy and manufacturing, with over 90 industrial products leading in national production capacity [2] - The energy sector includes coal production, total power generation capacity, and renewable energy, with 15 energy products ranking first in the country [2] - Inner Mongolia is the first province to exceed 100 million kilowatts in renewable energy capacity [2] Manufacturing Sector - The manufacturing sector has established key industries such as metallurgy, chemicals, agricultural and livestock product processing, and modern equipment manufacturing, with an average annual growth rate of 10.1% during the 14th Five-Year Plan [2] - Manufacturing contributes over 50% to the industrial added value, serving as the main engine for industrial growth [2] - In the manufacturing sector, 76 products have the largest production capacity in the country, including 21 in chemicals, 14 in new materials, 4 in modern equipment, 18 in biomedicine, and 9 in agricultural processing [2] Policy and Development - During the 14th Five-Year Plan, Inner Mongolia has improved mechanisms for the coordinated development of traditional, emerging, and future industries [2] - Policies have been developed for key industries such as coking, rare earths, lithium, fluorine chemicals, and dairy, enhancing the support and adaptability of the industrial policy system [2] - The establishment of a key industry guidance fund and the implementation of low-altitude economy development plans are part of the efforts to strengthen and optimize key industries [2]

Core Insights - The article discusses the trend of re-industrialization in the U.S. manufacturing sector, highlighting the impact of government policies, investment patterns, and the challenges faced in labor supply and infrastructure [1][2][4]. Group 1: Re-Industrialization Trends - The U.S. manufacturing sector has undergone a transformation from de-industrialization to re-industrialization, with government policies playing a crucial role through subsidies, tax cuts, and support for innovation [2][3]. - From 2020 to 2024, the share of spending on electronic and electrical equipment construction increased from 12% to 55%, with a compound annual growth rate (CAGR) of 93% [2][9]. - By the end of 2024, planned large project investments in the U.S. are expected to reach $1.7 trillion, although many projects remain in the planning stage [2][39]. Group 2: Investment and Production - Investment in manufacturing has significantly increased during Biden's administration, particularly in high-end manufacturing sectors [3][5]. - The actual output of the manufacturing sector has not yet fully reflected the increased investment, with a historical lag of about three years between construction spending and gross value added (GVA) [3][6]. - The GVA of U.S. manufacturing has shown a compound growth rate of 1.4% from 2019 to 2024, which is slower than the overall economic growth rate [6][19]. Group 3: Trade and Employment - The trade deficit in U.S. manufacturing has continued to expand, reaching $1.2 trillion by 2024, with significant deficits against Mexico and Southeast Asia [7][21]. - Employment in the U.S. manufacturing sector has stabilized, with the number of manufacturing jobs increasing from 11.51 million in 2010 to 12.82 million in 2024 [26][27]. - The share of manufacturing jobs in non-farm employment has remained stable at around 8-9% since 2010 [3][26]. Group 4: Challenges in Re-Industrialization - The U.S. faces challenges in labor supply and infrastructure, with a notable skills gap in the workforce and a lack of supporting infrastructure for manufacturing [4][46]. - Labor costs in the U.S. are significantly higher than in China, with skilled labor being particularly expensive and in short supply [42][47]. - The article highlights that the average wage for manufacturing workers in the U.S. is approximately five times that of their Chinese counterparts, contributing to higher overall manufacturing costs [42][43].

2024年1至12月份，宏达股份的营业收入构成为：化工业占比57.09%，冶金业占比39.42%，其他业务占 比2.98%，酒店业占比0.5%。 每经AI快讯，宏达股份（SH 600331，收盘价：10.93元）11月17日晚间发布公告称，公司第十届第二十 四次董事会会议于2025年11月17日在中海国际中心H座14楼会议室以现场结合视频通讯方式召开。会议 审议了《关于续聘四川华信（集团）会计师事务所为公司2025年度财务审计机构和内控审计机构的议 案》等文件。 每经头条（nbdtoutiao）——展望"十五五" | 专访尹艳林：让有钱且愿消费的人顺利消费；个税起征点可 提高，最高边际税率可下调，让有关群体少缴税、多收入 （记者 张明双） 截至发稿，宏达股份市值为289亿元。 ...

Core Viewpoint - The "15th Five-Year Plan" is a critical period for China's modernization, focusing on restructuring economic growth logic, shifting from optimizing traditional industries to "extraordinary" technological breakthroughs, and emphasizing fiscal and financial reforms to alleviate fiscal constraints and promote growth towards the 2035 vision [2][3]. Group 1: Key Tasks and Economic Context - The "15th Five-Year Plan" serves as a transitional phase, linking the "14th Five-Year Plan" and the 2035 modernization goals, requiring both strategic continuity and innovation [4]. - The plan addresses significant changes in the global landscape, domestic economic transformation, and the impact of a new technological revolution, which collectively shape the macro context for the plan [4][5]. Group 2: Economic Growth Baseline and Targets - To double the economic output by 2035 compared to 2020, the nominal GDP growth rate must average around 4% from 2025 to 2035, while per capita GDP must grow at approximately 3.9% [6][7]. - The plan sets ambitious targets for economic growth, reflecting a commitment to high-quality development and the integration of rapid economic growth with long-term stability [7]. Group 3: Industrial Policy and Technological Innovation - The plan prioritizes the transformation of traditional industries, emphasizing quality upgrades in sectors like mining, metallurgy, and chemicals to enhance global competitiveness [7][8]. - It outlines strategic emerging industries and future industries, including new energy, aerospace, and quantum technology, establishing a gradient development framework [7][8]. - Technological modernization is highlighted as a key support for China's modernization, with a focus on breakthroughs in critical core technologies across various sectors [8][9]. Group 4: Service Sector Development - The service sector is identified as having significant growth potential, with a notable gap in consumer spending compared to developed countries, indicating a potential market of nearly 3 trillion yuan [9]. - Systematic solutions for expanding domestic demand include increasing public service spending and enhancing the supply of quality consumer goods and services [9]. Group 5: Fiscal and Financial Reforms - The "15th Five-Year Plan" emphasizes reforms aimed at enhancing macroeconomic governance, with over 300 reform tasks to be completed by 2029 across various sectors [10][11]. - Key reform areas include market-oriented reforms, fostering new productive forces, and achieving green transitions, with a focus on establishing a unified national market [11][12]. - Financial reforms are crucial for improving local fiscal sustainability, addressing challenges in local government financing, and ensuring a clear division of responsibilities between central and local governments [12][13].

Core Points - The meeting emphasizes the importance of technology empowering listed companies and returning value to patient capital, aligning with the current state of the Chinese economy [1] - The 20th Central Committee's Fourth Plenary Session has significant implications for the next five years, particularly regarding the 15th Five-Year Plan [1][2] Group 1: Achievements of Listed Companies - Listed companies have made significant achievements during the 14th Five-Year Plan, with a notable shift towards new and practical characteristics [2] - The number of listed companies in strategic emerging industries has increased, with their proportion rising from 42.6% to 52.3%, a 10 percentage point increase [2] - The profit share of listed companies in the real economy has reached 52%, surpassing the financial sector for the first time [2] - The market capitalization of the electronics sector has exceeded that of banking, with electronics at 12.7% compared to banking's 9.9% [2] Group 2: Innovation and R&D Investment - Innovation capabilities have significantly improved, with R&D investment by listed companies reaching 6.5 trillion yuan, a 189.3% increase compared to previous periods [3] - R&D investment accounted for 21.1% of revenue for listed companies in the first half of the year, reflecting a growing commitment to innovation [3] Group 3: Mergers and Acquisitions - The pace of mergers and acquisitions has accelerated, with over 14,000 cases and a transaction value of 7.6 trillion yuan during the 14th Five-Year Plan [4] - Mergers and acquisitions are seen as a means to optimize resource allocation and achieve technological upgrades [4] Group 4: Dividend Policies and Shareholder Returns - The regulatory framework has strengthened, with a focus on enhancing dividend policies, leading to a cumulative dividend payout of 10.4 trillion yuan, an 85.7% increase [5] - Share buybacks have also increased significantly, from over 200 billion yuan during the 13th Five-Year Plan to over 500 billion yuan [5] Group 5: Corporate Governance and Internationalization - Corporate governance standards have improved, with a focus on independent functioning and regulatory compliance [6] - The international competitiveness of listed companies has increased, with 14% of their business coming from overseas markets [6] Group 6: Future Directions and Strategic Goals - The 15th Five-Year Plan emphasizes high-quality development, with specific goals for nurturing new growth drivers and optimizing industrial structures [7][8] - The plan highlights the importance of deepening the real economy and integrating smart, green, and fusion development strategies [8][9] - There is a strong emphasis on enhancing technological empowerment and increasing R&D capabilities to support high-quality development [9][10]