Core Viewpoint - Huida Sanitary Ware's asset disposal plan has faced setbacks, as the company failed to attract interested buyers for the 100% equity and debt transfer of Guangxi Xingaosheng Thin Ceramic Tile Co., Ltd. at a base price of 144 million yuan [1][3]. Company Summary - The asset sale was initiated with a controversial pricing strategy, offering the 100% equity of Guangxi Xingaosheng for 1 yuan, while the total debt of approximately 269 million yuan was set at a base price of 144 million yuan, representing 53.6% of the total debt [3]. - Guangxi Xingaosheng, a high-tech enterprise specializing in ceramic thin slate products, has been continuously losing money and is currently insolvent, with a net loss of 34.886 million yuan in 2024 and an additional loss of 29.3084 million yuan in the first half of 2025 [3]. - As of June 30, 2025, Guangxi Xingaosheng's net assets were reported at -154 million yuan and the company is currently in a state of suspension [3][6]. - Huida Sanitary Ware aims to adjust and optimize its industrial structure through this transaction, and if completed, Guangxi Xingaosheng will no longer be included in the company's consolidated financial statements [3]. Industry Summary - The failure of the asset disposal is closely related to the severe challenges facing the entire ceramic industry, with a reported 12.18% year-on-year decline in national ceramic tile production in 2024 and a capacity utilization rate of less than 50%, indicating a serious overcapacity issue [5]. - Huida Sanitary Ware's half-year report for 2025 reflects the industry's difficulties, showing a 9.94% year-on-year decline in revenue and a 70.21% drop in net profit attributable to the parent company, primarily due to decreased income from the tile/slate segment and asset impairment [6]. - The ongoing downturn in the real estate market and overall pressure on the building materials industry make Huida Sanitary Ware's divestiture of loss-making assets a critical move to focus on its core business and mitigate losses [8].

扬子晚报网9月28日讯（记者 万承源）宜兴陶瓷是江苏一张古老靓丽而又充满活力的文化名片，常作 为"国礼"代表国家传播，2024年该市陶瓷产业总规模超300亿元。9月28日，省十四届人大常委会第十七 次会议开幕，听取审议了《江苏省保障和促进宜兴陶瓷高质量发展条例（草案）》。在推动这一中华优 秀传统文化获得保护传承的同时，将有助于更好规划宜兴陶瓷产业发展方向，推动陶瓷产业发展和创 新。 宜兴陶瓷是不可再生、不可替代的中华优秀文明资源。草案用专章对保护传承作了规定，建立宜兴陶瓷 文化资源保护名录制度，明确了保护名录编制要求，规定保护名录应当载明文化资源的名称、类型、文 化内涵、保护要求等内容，并向社会公布，实行动态调整。同时，对保护标志的确定作了规定。 草案提出，本省支持宜兴市重点发展应用于集成电路、航空航天、节能环保等领域的先进陶瓷产业，培 育具有核心竞争力的先进陶瓷产业集群。同时，明确市场监管、知识产权等部门应当支持宜兴陶瓷地理 标志商标注册和产品保护申请，加强宜兴陶瓷集体商标、地理标志证明商标的使用管理。 此外，草案还对优化服务保障机制作出规定，提出定期发布宜兴陶瓷产业发展报告。 对于这一独特的文化资源，草案 ...

Core Viewpoint - The Yaozhou kiln in Tongchuan, Shaanxi, is one of China's six major ceramic firing techniques, renowned for its unique Song Dynasty olive green glaze and exquisite carving skills, representing a significant cultural heritage in Chinese ceramics [1][3]. Group 1: Historical Significance - At its peak, Yaozhou porcelain was exported to Asia, Africa, and Europe, serving as a prominent symbol of Chinese porcelain [3]. Group 2: Current Developments - Recently, the Tongchuan city in Shaanxi province is promoting the traditional Yaozhou porcelain industry to innovate in inheritance and develop high-quality ceramic industry [3].

Core Insights - Guangdong is leading the development of "billion-yuan towns," with three out of six such towns in China, showcasing its strong regional economic capabilities [1][3] - The "Hundred Counties, Thousand Towns, Ten Thousand Villages High-Quality Development Project" aims to enhance regional coordination and economic growth [1][9] - The emergence of "billion-yuan towns" is attributed to a supportive environment for grassroots entrepreneurship and industrial evolution [3][7] Group 1: Development of "Billion-Yuan Towns" - Guangdong has three "billion-yuan towns," including Shishan, which was the first in China to exceed a GDP of 100 billion yuan and a population of over one million [3][5] - The strategic decision in 2005 to designate Shishan as an "industrial hub" led to significant economic growth through the establishment of a local automotive supply chain [5][6] - The rapid development of towns like Beijiao and Chang'an has been driven by their industrial bases and the presence of major companies [5][6] Group 2: Economic Strategies and Initiatives - The "Hundred Thousand Project" emphasizes "one town, one product" to stimulate local industries and enhance rural economic development [1][11] - Guangdong is implementing a new model for industrial parks that integrates government, community, and enterprise efforts to optimize land use and boost economic activity [11][12] - The province encourages cross-regional collaboration to enhance industrial chains and reduce costs, as seen in the ceramic industry [12][14] Group 3: Challenges and Future Directions - Despite successes, Guangdong's town economies face challenges such as insufficient industrial chain resilience and talent shortages [14][15] - The shift from isolated town advantages to a collaborative regional approach is evident in initiatives like the "Hydrogen Corridor" project [16][17] - The ongoing implementation of the "Hundred Thousand Project" aims to elevate the economic potential of towns, fostering a new era of urbanization [18][19]

Group 1 - The company held a half-year performance briefing on September 26, 2025, to discuss its operational results and financial indicators with investors [1] - The company achieved a revenue of 173.73 million yuan in the first half of 2025, representing a growth of 75.88% compared to the same period last year [2] - As of June 30, 2025, the company's total assets amounted to 1.03 billion yuan, with net assets attributable to shareholders reaching 955.60 million yuan [2] Group 2 - The company plans to continue expanding its sales market and exploring diversified development opportunities in the second half of the year [2] - The management team is being evaluated and planned in consideration of the company's operational situation, especially in light of recent executive resignations [2] - The company is focusing on optimizing its industrial layout and enhancing core competitiveness while considering potential acquisitions in the technology sector [2][3] Group 3 - The company has technical accumulation in ceramic raw materials, refractory materials, and firing processes, and is expanding into new materials [3] - The company is responding to policy calls for mergers and acquisitions to optimize its industrial structure and enhance its main business [3]

行业盛会见证创新高度。 日前，由山东省陶瓷协会、山东省轻工纺织烟草工会委员会联合主办的"泰山瓷业杯"第五十届山东省陶 瓷琉璃艺术设计创新大赛暨"泰山杯"首届山东省泰山文化文创设计大赛获奖名单正式公布。 作为国内陶瓷产区历史最悠久、持续举办时间最长的行业盛会，本届大赛以"传承创新·设计赋能"为核 心，于2025年9月6日至10月10日在泰安举办，共征集到285套参赛作品，涵盖日用陶瓷、艺术陶瓷、琉 璃三大类别，全面展现了行业在材料应用、造型设计、文化表达上的最新探索。 据介绍，本届大赛严格按照参赛作品数量设置15%的金奖、20%的银奖以及30%的铜奖，以量化标准确 保奖项的权威性与含金量。 山东省陶瓷协会轮值理事长、淄博泰山瓷业有限公司董事长卢德国表示，全省陶瓷艺术设计创新大赛至 今已成功举办五十届，成为国内陶瓷产区中历史最悠久、持续举办时间最长的行业盛会。今年，大赛进 一步拓展领域，将琉璃艺术纳入竞赛范围，全面升级为陶瓷琉璃创新盛会。 作为落实《山东省陶瓷琉璃产业传承创新高质量发展行动方案》的关键实践，本届大赛吸引了济南、青 岛、淄博等省内核心产区及省外多地的领军企业参与，包括华光国瓷、山东硅元等国瓷生产企业 ...

Core Viewpoint - The company ST Jin Hong (000669.SZ) announced that its subsidiary Hunan Shenzhou Jiepai Ceramics Co., Ltd. will temporarily suspend production to upgrade its mining technology for safer, more environmentally friendly, and cost-effective operations [1] Group 1 - The temporary suspension of production is aimed at enhancing the technological level of mining operations [1] - The timeline for resuming production will be determined based on the completion of the technical upgrades [1]

Core Viewpoint - ST Jinhong (000669.SZ) announced that its subsidiary, Hunan Shenzhou Jiepai Ceramics Co., Ltd. (referred to as "Shenzhou Jiepai"), will temporarily suspend production to enhance the mining extraction technology level, adopting safer, more environmentally friendly, and economical mining processes [1] Summary by Category - **Company Announcement** - The company has received a report regarding the temporary suspension of production from its subsidiary Shenzhou Jiepai [1] - The suspension is aimed at conducting a comprehensive technical upgrade and transformation of the mining extraction system [1] - **Operational Impact** - The resumption of production will be determined based on the completion of the technical transformation [1]

Core Insights - The "Tanyuan Plan" by Tencent aims to integrate culture and technology, funding innovative projects that revitalize cultural heritage through advanced digital technology [2] - The 2024 iteration of the plan focuses on a ceramic digital optical twin solution in Jingdezhen, creating a digital asset repository for the city's ceramic cultural heritage [2] Group 1: Cultural and Historical Context - Jingdezhen has a rich history in ceramic production, significantly contributing to China's trade and cultural exchange for centuries [3] - The city has transformed from a collective production model to a decentralized one due to the closure of state-owned factories in the late 1990s and resource depletion [6] - Recent years have seen a resurgence in tourism, with over 60 million visitors expected in 2024, highlighting the city's cultural significance [6] Group 2: Technological Innovations - The "Thousand Museums, Ten Thousand Ceramics" project utilizes advanced optical collection technology to create a digital asset library for Jingdezhen's ceramics [22] - This technology allows for high-precision, non-contact 3D data collection, capturing intricate details of ceramic artifacts that traditional methods may miss [22][23] - The project has already digitized over 10,000 ceramic items and provides high-fidelity digital services to 15 institutions [27] Group 3: Contemporary Artistic Developments - Jingdezhen is experiencing a creative renaissance, with local artisans and contemporary designers merging traditional techniques with modern aesthetics [31][36] - The emergence of brands like "Rongbai" reflects a shift towards creating functional ceramic art that resonates with contemporary lifestyles [36] - The local community is increasingly focused on making traditional ceramics a part of everyday life, rather than merely preserving them as artifacts [37]

Summary of Key Points Core Viewpoint - Dongpeng Holdings experienced a 1.42% increase in stock price, closing at 7.15 yuan, with significant trading activity noted in the form of 18 block trades totaling 6.82 million shares and a transaction value of 43.31 million yuan [1]. Trading Activity - The first block trade occurred at a price of 6.35 yuan for 310,000 shares, amounting to 1.97 million yuan, with a discount rate of -11.19% [1]. - Subsequent trades consistently occurred at the same price of 6.35 yuan, with varying volumes and transaction values, indicating a pattern of institutional buying and selling [2][3][4]. - The total transaction volume from the 18 trades was 6.82 million shares, with a cumulative transaction value of 43.31 million yuan [1][5]. Recent Performance - Over the past three months, Dongpeng Holdings has recorded 22 block trades with a total transaction value of 130 million yuan [5]. - In the last five trading days, the stock has seen a slight decline of 0.56%, with a net outflow of 23.14 million yuan from major funds [5].