（文章来源：证券日报） 证券日报网讯 12月23日，菲林格尔发布公告称，公司将于2026年1月15日召开2026年第一次临时股东 会。 ...

2025 年 12 月 23 日 证券分析师 庞盈盈 A0230522060003 panqyy@swsresearch.com 屠亦婷 A0230512080003 tuyt@swsresearch.com 黄莎 A0230522010002 huangsha@swsresearch.com 张海涛 A0230524080003 zhanght@swsresearch.com 张文静 A0230524120005 zhangwj@swsresearch.com 魏雨辰 A0230525010001 weiyc@swsresearch.com 联系人 魏雨辰 A0230525010001 weiyc@swsresearch.com 「内需提消费下关注 舞碁道;美注永艺股 造纸轻工周报 2025/12/15-2025/12/19 H Press From The States of the S 重点提示: 1) 内需消费: 在扩大内需、提振消费的背景下,关注结构性消费机会, 如国 强起的个护、相对高景气的宠物用品、悦己消费催化的 IP 潮玩; 2) 出口: 外部扰动洞 u 弱,美国降息有望拉动家具消费,中国企业 ...

Group 1 - A fire broke out at Yun Chuang Sponge Products Co., Ltd. in Lishui Economic and Technological Development Zone on December 22 at 12:45 PM, with the fire department currently managing the situation [1] - The fire has been initially controlled, and there have been no reported casualties; the cause of the fire is under investigation [1] - Video footage shows significant smoke emanating from a seven-story building, with the name "Yun Chuang Sponge" clearly visible [2] Group 2 - Yun Chuang Sponge Products Co., Ltd. is registered at No. 4, 1st Floor, 9 Shangxu Road, Nanshan Street, Lishui City, and its business scope includes sponge product manufacturing and furniture manufacturing [2]

Group 1: Market Overview - The report indicates that the Hong Kong stock market is expected to experience low trading activity ahead of the Christmas holiday, with the Hang Seng Index showing a slight increase of 192 points or 0.75% on the last trading day before the holiday [2][3] - The Hang Seng Index closed at 25,690.53 points, with a weekly decline of 286 points or 1.1% [2][3] - The report notes that the majority of blue-chip stocks saw gains, particularly in the tech sector, with notable increases in Alibaba, Baidu, Tencent, and Meituan [3] Group 2: Economic and Industry Insights - Goldman Sachs predicts that global stock markets will continue to rise next year due to corporate earnings growth and the Federal Reserve's accommodative monetary policy, although returns are expected to be more moderate compared to 2025 [6] - The report highlights that the Chinese economy still faces several bottlenecks in its circulation, with local protectionism and market segmentation hindering the free flow of goods and resources [7][8] - The National Development and Reform Commission emphasizes the need to deepen the construction of a unified national market to address these issues and enhance domestic circulation, especially as external demand weakens [8] Group 3: Company News - HKTVmall's parent company, Hong Kong Technology Exploration, appointed former CEO of Hong Kong Broadband, Yang Zhuoguang, as an independent non-executive director, effective January 1 [10] - Vanke reported that its management shareholding remains unchanged, and the company is actively promoting bulk asset transactions, having completed 19 projects with a total signed amount of 6.86 billion RMB in the first three quarters [11] - Minhua Holdings announced the acquisition of the American furniture manufacturer Gainline Recline for approximately 320 million USD, which is expected to enhance its distribution network and production capabilities in the U.S. [12]

传统印刷行业也赶上了"数字快车"。在不远处的安徽新华印刷股份有限公司，智能调色系统让颜色 校正从"凭眼睛"变成"有参照"，响应速度更快、误差更小；机械打包替代纯人工，整条生产线效率提升 约三成。企业打造的"智印云平台"获得省工信厅工业互联网企业级平台认定，实现从传统印刷向智能生 产的跨越。 企业转型突破的背后是政府相关部门的系统谋划与精准发力。"'十五五'规划建议提出'发展智能制 造、绿色制造、服务型制造，加快产业模式和企业组织形态变革'，这为工信领域发展锚定了航向。"庐 阳区工信局副局长黄浩表示，将深入推进新一轮技术改造，以印刷、服装加工、电工电气、家具制造等 行业为重点，引导更多企业通过数字化、智能化升级提高生产效率和产品附加值，加速实现庐阳"智 造"。建设一批智能工厂、绿色工厂，打造绿色制造示范基地，让传统产业在"数智赋能"中降低能耗， 持续发挥稳增长、促就业的"压舱石"作用。 AI"大脑"优化生产排程，5G"脉络"实现设备互联，机械臂"巧手"精准完成开料、钻孔、封边等工 序，从订单下发到产品出厂全流程数字"护航"……走进合肥市庐阳区志邦家居智能工厂，科技赋能的高 效场景扑面而来。 "经过智能化改造，我 ...

Core Insights - The report provides a comprehensive analysis of the current state and future prospects of various industries in China, focusing on investment opportunities and macroeconomic factors influencing these sectors [3][4][5]. Group 1: Macroeconomic Environment - The report discusses the macroeconomic environment for industrial investment in China, including policies, economic growth, and foreign direct investment trends [3][4]. - It highlights the GDP growth forecast for 2025, indicating a positive outlook for economic expansion [3]. - The analysis includes fixed asset investment scale from 2020 to 2025, showing significant growth trends [3][4]. Group 2: Industry-Specific Investment Opportunities - The real estate sector is analyzed for its investment environment, including policy impacts and market conditions, with a focus on urban complexes and tourism real estate as key opportunities [5][6]. - The internet industry is identified as a strategic emerging sector, with investment opportunities in mobile payment and e-commerce [5][6]. - The energy sector is highlighted for its investment potential, particularly in renewable energy resources and processing [6][7]. Group 3: Mergers and Acquisitions - The report outlines the trends in mergers and acquisitions within various industries, noting increased regulatory scrutiny and the rise of private equity as a driving force [4][5]. - It discusses the active merger activities in cultural media and real estate sectors, indicating a dynamic market environment [4][5]. Group 4: Emerging Industries - New energy and new materials industries are emphasized for their growth potential, supported by government policies and increasing market demand [15][16]. - The biotechnology sector is also highlighted, with a focus on investment opportunities arising from policy support and market trends [15][16]. Group 5: Regional Investment Analysis - The report provides a detailed analysis of investment environments across different regions in China, identifying specific opportunities in provinces like Guangdong and Jiangsu [20][21]. - It emphasizes the importance of regional characteristics in shaping investment strategies and opportunities [20][21].

证券日报网讯12月19日晚间，顾家家居（603816）发布公告称，截至本公告日，公司对全资子(孙)公 司、控股子(孙)公司提供的担保余额为117，272.92万元，占公司最近一期经审计归属于母公司股东的净 资产的11.91%；公司除为全资子(孙)公司、控股子(孙)公司提供担保外，无其他对外担保。公司不存在 逾期担保。 ...

Company Overview - Lege Co., Ltd. (SZ 300729) announced its fourth board meeting of the sixth session on December 19, 2025, held in Ningbo, where it reviewed the proposal regarding not adjusting the conversion price of "Lege Convertible Bonds" [1] - As of the report date, Lege Co., Ltd. has a market capitalization of 4.8 billion yuan [1] Revenue Composition - For the year 2024, the revenue composition of Lege Co., Ltd. is as follows: 57.26% from the furniture manufacturing industry and 42.74% from warehousing and logistics services [1]

一般项目：家具制造;家具零配件生产;家具销售;家具零配件销售;家具安装和维修服务;木材加工;人造板 制造;地板制造;楼梯制造;建筑用木料及木材组件加工;门窗制造加工;门窗销售;室内木门窗安装服务;金属 门窗工程施工;卫生洁具制造;卫生洁具销售;卫生洁具研发;卫生陶瓷制品制造;卫生陶瓷制品销售;厨具卫 具及日用杂品批发;厨具卫具及日用杂品零售;厨具卫具及日用杂品研发;玻璃制造;日用玻璃制品制造;日 用玻璃制品销售;家居用品制造;家居用品销售;日用杂品制造;五金产品制造;五金产品批发;五金产品零售; 五金产品研发;家用纺织制成品制造;家用电器制造;家用电器销售;家用电器研发;家用电器零配件销售;家 用电器安装服务;照明器具制造;照明器具销售;日用百货销售;建筑装饰材料销售;运输货物打包服务;普通 货物仓储服务（不含危险化学品等需许可审批的项目）;国内货物运输代理;装卸搬运;专业设计服务;工 业设计服务;工业工程设计服务;软件开发;软件销售;互联网销售（除销售需要许可的商品）;货物进出口; 技术进出口 ■ 二、欧派集成本次变更后的工商登记信息情况 欧派集成换发后的《营业执照》登记的主要信息如下： 1、名称：广州欧派 ...

南财智讯12月19日电，顾家家居公告，公司全资子公司顾家家居（宁波）有限公司因经营发展需要，于 2025年12月18日与平安银行股份有限公司杭州分行签署《综合授信额度合同》，申请综合授信额度不超 过人民币60,000万元。同日，公司与平安银行签署《最高额保证担保合同》，为顾家宁波提供最高本金 余额人民币29,800万元的连带责任担保，实际担保金额将在授信额度范围内按业务开展情况确定。本次 担保属于公司股东大会授权额度范围内，无需再次提交董事会或股东大会审议。截至公告日，公司对全 资及控股子公司提供的担保余额为117,272.92万元，占公司最近一期经审计净资产的11.91%，无逾期担 保。 ...