（来源：多知） 多知1月19日消息，工信部等八部门近日联合印发《"人工智能+制造"专项行动实施意见》，系统部署以人工智能技术推动制造业智能化升级。 在总体要求上，文件提出： 到2027年，我国人工智能关键核心技术将实现安全可靠供给，产业规模和赋能水平稳居世界前列。 推动3-5个通用大模型在制造业深度应用、推出1000个高水平工业智能体、打造100个工业领域高质量数据集、推广500个典型应用场景。 培育2-3家具有全球影响力的生态主导型企业和一批专精特新中小企业，打造一批"懂智能、熟行业"的赋能应用服务商，选树1000家标杆企业。 建成全球领先的开源开放生态，安全治理能力全面提升，为人工智能发展贡献中国方案。 围绕教育科技与人才培养，文件中也多有涉及。 在加强人才引育方面，文件提到： 开展人工智能产业人才需求预测，发布人才需求预测报告，支持高校院所提前布局、调整优化相关学科专业。 建好用好北京中关村学院、上海创智学院、深圳河套学院、国家人工智能产教融合创新平台、国家卓越工程师学院、国家卓越工程师实践基地等，设置专 业课程，培养既懂人工智能又懂制造业应用的复合型人才，完善人工智能认知教育培训，提升全员人工智能素养 ...

宏观经济 | 证券研究报告 — 总量点评 2026 年 1 月 19 日 12 月和四季度经济数据点 评 积极面对 2026 年全球形势的风高浪急 2025 年经济发展向新向优，预期目标圆满实现。 相关研究报告 《中银量化大类资产跟踪》20260118 《策略周报》20260118 《策略点评》20260118 中银国际证券股份有限公司 具备证券投资咨询业务资格 宏观经济 证券分析师：张晓娇 xiaojiao.zhang@bocichina.com 证券投资咨询业务证书编号：S1300514010002 证券分析师：朱启兵 (8610)66229359 Qibing.Zhu@bocichina.com 证券投资咨询业务证书编号：S1300516090001 ◼ 风险提示：全球通胀二次上行；欧美经济超预期回落；国际局势复杂化。 ◼ 2025 年全年实际 GDP 同比增长 5.0%。四季度 GDP 实际同比增速 4.5%， 名义 GDP 同比增速 3.8%，前四季度平减指数累计同比下降 0.96%。 ◼ 12 月工业增加值同比增长 5.2%，2025 年工业增加值累计同比增长 5.9%。 ◼ 12 月社零同比增长 ...

2025全年与12月宏观经济数据 冠通期货研究报告 发布日期 2026年1月19日 宏观数据 国家统计局1月19日发布数据显示，2025年，面对国内外经济环境的复杂变化，在以习近平同志为核心的党中央坚强领导下，各地区各部门深入贯彻落实党中央、国务院决策部署，坚定不移贯彻新发展理念、推动 高质量发展，统筹国内国际两个大局，统筹发展和安全，实施更加积极有为的宏观政策，纵深推进全国统一大市场建设，国民经济运行顶压前行、向新向优，高质量发展取得新成效，经济社会发展主要目标任务圆满实 现，"十四五"胜利收官。 初步核算，全年国内生产总值1401879亿元，按不变价格计算，比上年增长5.0%。分产业看，第一产业增加值93347亿元，比上年增长3.9%；第二产业增加值499653亿元，增长4.5%；第三产业增加值808879亿 元，增长5.4%。分季度看，一季度国内生产总值同比增长5.4%，二季度增长5.2%，三季度增长4.8%，四季度增长4.5%。从环比看，四季度国内生产总值增长1.2%。 工业：全年全国规模以上工业增加值比上年增长5.9%。分三大门类看，采矿业增加值增长5.6%，制造业增长6.4%，电力、热力、燃气及水 ...

一、总览：供强需弱格局深化 2025年我国顺利实现"十四五"规划收官，GDP首次突破140万亿，初步核算数为140.2万亿，名义增长4%，以不 变价计，实际增长5%。支出法看，最终消费支出、资本形成总额，以及货物和服务净出口对经济增长贡献率 分别为52%、15.3%和32.7%，分别拉动GDP增长2.6pct、0.8pct 和1.6pct。 图1：净出口对经济增长拉动较强 资料来源：Macrobond，招商银行研究院 结构上，2025年经济运行呈现三大特征：供强需弱格局深化，外需韧性强于内需，价格治理初见成效。 一是 供给端加速修复，规上工业增加值同比增长5.9%，较2024年微升0.1pct，并高于GDP、投资和消费增速。二是 关税变局演进中，外需保持韧性，出口金额全年增长5.5%，高于内需的投资（-3.8%）和社零（3.7%）。三是 广谱价格于下半年开始温和修复，一定程度上改善了宏观数据与微观体感的温差。全年GDP平减指数为-1%， 较2024年小幅收缩0.2pct；CPI全年中枢升至0%，居民人均可支配收入名义和实际增速差收敛（均为5%）；稳 住股市楼市政策导向下，A股市值屡创新高，四季度居民人均财产净 ...

Economic Overview - In 2025, China's GDP reached 1401879 billion yuan, growing by 5.0% year-on-year, with quarterly growth rates of 5.4%, 5.2%, 4.8%, and 4.5% respectively [1][8] - The contribution rates to economic growth from final consumption expenditure, gross capital formation, and net exports of goods and services were 52%, 15.3%, and 32.7% respectively for the year [7][8] Consumer Spending - The total retail sales of consumer goods for 2025 amounted to 501202 billion yuan, reflecting a year-on-year increase of 3.7%, slightly up from 3.5% in the previous year [3][10] - In December, retail sales showed a year-on-year growth of 0.9%, with a month-on-month decline of 0.12% [3][10] Fixed Asset Investment - Total fixed asset investment (excluding rural households) for 2025 was 485186 billion yuan, down 3.8% from the previous year, with a notable decline in real estate investment by 17.2% [5][12] - Infrastructure investment decreased by 2.2%, while manufacturing investment saw a slight increase of 0.6% [12] Economic Trends - The economic performance in 2025 exhibited a pattern of high growth in the first half followed by a slowdown in the second half, attributed to reduced fiscal support and a weakening real estate market [9] - The decline in investment growth since the second quarter has been a significant drag on economic performance, prompting a focus on stabilizing investment in 2026 [12][15] Future Outlook - For 2026, there are expectations for a stabilization in investment, particularly in infrastructure, with a potential recovery in consumer spending driven by increased fiscal support [15][16] - Manufacturing investment is anticipated to continue evolving, focusing on high-tech industries and technological upgrades, despite short-term fluctuations [17]

据介绍，初步核算，2025年全年国内生产总值(GDP)1401879亿元，按不变价格计算，比上年增长 5.0%。 "2025年，面对国内外经济环境的复杂变化，我国国民经济运行顶压前行、向新向优，高质量发展取得 新成效，经济社会发展主要目标任务圆满实现，'十四五'胜利收官。"1月19日，在国新办举行的新闻发 布会上，国家统计局局长康义介绍2025年国民经济运行情况。 1401879亿元 "放眼全球，我国经济，贡献率预计达到30%左右。"康义表示。 71488万吨 粮食增产丰收 全年全国粮食总产量71488万吨，比上年增加838万吨，增长1.2%。 全年猪牛羊禽肉产量10072万吨，比上年增长4.2%，首次超过1亿吨。 5.9% 工业生产较快增长 全年全国规模以上工业增加值比上年增长5.9%。 分三大门类看，采矿业增加值增长5.6%，制造业增长6.4%，电力、热力、燃气及水生产和供应业增长 2.3%。 装备制造业增加值增长9.2%，高技术制造业增加值增长9.4%。3D打印设备、工业机器人、新能源汽车 产品产量分别增长52.5%、28.0%、25.1%。 5.4% 服务业平稳增长 全年服务业增加值比上年增长5.4% ...

今天分享的是：国金证券：2025年A 股上市公司治理专题白皮书 报告共计：34页 2025年A股上市公司治理专题白皮书核心内容总结 《2025年A股上市公司治理专题白皮书》围绕监管改革要点与市场实践，系统梳理了A股上市公司治理的核心变 革与发展态势，为企业治理优化提供了全面指引。 在治理结构优化方面，新《公司法》实施推动A股上市公司从"三会一层"迈向"两会一层"，监事会将于2026年1月 1日前退出，其职权由董事会审计委员会承接。同时，职工董事成为治理改革新趋势，超半数上市公司已设置职 工董事，多数占董事会席位的10%-20%，创业板部分公司占比超20%，其履职规范与权益代表作用备受关注。 董事会专门委员会治理效能持续强化。审计委员会作为强制设置机构，承接监事会部分职能，成员需满足专业资 质要求，但实践中仍存在组成不规范、程序瑕疵等问题。提名委员会和薪酬与考核委员会设置率超90%，前者需 对董高任职资格进行动态核查，后者主导薪酬机制改革，需防范程序违规等问题。 董高"聘、管、退"全流程管理规范升级。新规要求严格任职资格审查、规范选聘程序、签订聘任合同，建立科学 考核激励体系，强化履职监督与问责，并完善离任审查 ...

浙江民营企业在册总量超370万户 同比增长7.52% 中新社杭州1月19日电 (蓝伊旎)据浙江省市场监管局19日消息，截至2025年底，浙江省民营企业在册总 量376.89万户，占该省企业主体总量的91.9%，同比增长7.52%，相当于浙江每千人有民营企业56.5户。 据悉，杭州、宁波、温州、金华集中了浙江70%的民营企业，其中杭州有100.96万户，占比26.8%。 在"2025中国民营企业500强"榜单中，杭州、宁波、绍兴和温州分别有38家、23家、11家、10家企业上 榜。 来源：中国新闻网 编辑：郭晋嘉 广告等商务合作，请点击这里 本文为转载内容，授权事宜请联系原著作权人 中新经纬版权所有，未经书面授权，任何单位及个人不得转载、摘编或以其它方式使用。 关注中新经纬微信公众号(微信搜索"中新经纬"或"jwview")，看更多精彩财经资讯。 从产业看，浙江从事一、二、三产业的在册民营企业数量分别为4.28万户、90.54万户、282.06万户，近 75%的民营企业在第三产业经营。从行业分布看，浙江民营企业数量居前三位的行业分别是批发和零售 业、制造业、租赁和商务服务业，分别为126.29万户、68.64万 ...

格隆汇1月19日丨普莱得(301353.SZ)公布2026年限制性股票激励计划，本激励计划拟向激励对象授予的 限制性股票总量为131.00万股，约占本激励计划草案公告时公司股本总额9,818.12万股的1.33%。本激励 计划首次授予的激励对象总人数为31人，本激励计划限制性股票的授予价格为14.30元/股，预留部分限 制性股票授予价格与首次授予部分限制性股票的授予价格相同。 ...

Report Summary - The annual GDP growth rate in 2025 was 5%, achieving the annual target. Exports grew by 5.5%, consumption by 3.7%, and investment declined by 3.8%. Compared with 2024, the economic structure was further transformed, with high-tech industries standing out. The growth rate of total retail sales of consumer goods increased by 0.2 pct, exports decreased by 0.3 pct, and investment growth declined by 7 pct [3]. - In December, the production of the manufacturing industry improved significantly, while the growth rate of the mining industry declined. The year-on-year growth rates of the mining, manufacturing, and production and supply of electricity, heat, gas, and water industries were 5.4%, 5.7%, and 0.8% respectively, with changes of -0.9 pct, +1.1 pct, and -3.5 pct compared to the previous month [1]. - The service industry's business climate improved, especially the producer services. In December, the production index increased by 5% year-on-year, up 0.8 pct from the previous month. Among service industries, information software, leasing and business services, and the financial industry increased by 14.8%, 11.3%, and 6.5% respectively, with growth rates up 1.9 pct, 2.9 pct, and 1.4 pct from the previous month [2]. - In December, the growth rate of the three major investment categories declined, but the investment growth rate of some high-tech manufacturing industries showed resilience. The investment growth rates of manufacturing, infrastructure, and real estate were -10.6%, -16.0%, and -35.8% respectively, down 6.1 pct, 4.0 pct, and 5.5 pct from the previous month [4]. - Real estate sales showed marginal stabilization, and new construction and completion improved. In December, the year-on-year sales volume and area of commercial housing were -23.6% and -15.6% respectively, with growth rates up 1.5 pct and 1.7 pct from the previous month. The year-on-year unit price was -9.5%, almost the same as the previous month. In terms of investment, the new construction and completion areas of real estate improved, with year-on-year rates of -19.4% and -18.3% respectively [4]. - Consumption growth slowed down, and the year-on-year growth of catering revenue was weaker than the previous month. In December, total retail sales of consumer goods increased by 0.9% year-on-year, down 0.4 pct from the previous month and lower than the market consensus forecast of 1.48%. Both catering revenue and commodity sales declined from the previous month [4][5]. - In commodity retail, post-real estate cycle products improved, while general consumer goods weakened. In December, the sales growth rates of decoration materials, furniture, home appliances, and automobiles improved compared to the previous month. In contrast, the retail growth rates of grains, oils, beverages, office supplies, and clothing declined. Although precious metals rose rapidly in December, the sales growth rate of gold and silver jewelry declined for the second consecutive month [5]. - In the short term, interest rates showed a muted reaction to economic data. After the data release, the 10-year Treasury bond yield fluctuated by only about 0.3 bp. In the medium to long term, the annual economic data was generally in line with expectations. Two trends emerged: economic structural transformation and improved internal growth momentum. For 2026, "anti-involution" and rising prices suggest limited downside for interest rates [6]. Industry Investment Rating No industry investment rating is provided in the report. Core Viewpoints - The 2025 economic data shows that the economy achieved the growth target, with structural transformation and high-tech industry development being prominent features [3]. - In December, there were mixed trends across different sectors, with manufacturing production improving, service industry business climate rising, investment growth slowing, and consumption growth weakening [1][2][4]. - In the medium to long term, the economic structure is transforming, and internal growth momentum is improving. Interest rates are expected to have limited downside in 2026 [6].