每经AI快讯，冠城新材（SH 600067，收盘价：4.49元）12月5日晚间发布公告称，公司第十二届第十八 次董事会临时会议于2025年12月5日以通讯表决方式召开。会议审议了《关于公司2026年度日常关联交 易预计的议案》等文件。 2024年1至12月份，冠城新材的营业收入构成为：工业占比77.28%，房地产行业占比17.41%，其他业务 占比4.12%，服务业占比1.19%。 截至发稿，冠城新材市值为62亿元。 每经头条（nbdtoutiao）——秒光、售罄！银行大额存单成稀缺资源，2%以上产品很难抢，有的门槛高 达1000万元！专家：存款利率或长期下行 （记者 曾健辉） ...

（原标题：罗马尼亚工业和物流市场今年将达历史新高） 罗经济媒体网近日报道，2025年前三个季度，罗工业和物流业实现强劲增长。数据显示，今年1至9 月，罗租赁总需求量接近64万平方米，同比增长64%。其中布加勒斯特及周边地区交易量占总交易量近 70%。同时，得益于基础设施建设、制造业和物流服务领域投资不断增长，罗东北部和东南部地区公开 交易增长较为显著。从中长期看，预计罗全境将保持快速增长。从行业看，物流行业（第三方物流）占 据租赁市场主导地位，约占总需求45%，其次是零售和快速消费品行业。生产用途租赁需求有所下降， 仅占13%，其中亚洲企业显著增长。 根据欧盟统计局数据，罗仓库和物流中心利用率约为90%，略高于欧盟平均水平，这意味着物流运 营商可以继续扩张而不会造成市场失衡。目前，罗拥有约800万平方米的现代化物流空间。 ...

数字基础设施是发展数字经济的基础。只有搞好基础设施建设，才能促进产业结构的优化升级。优化信 息网络设施。立足区域产业结构特征，科学规划新型数字基础设施，加大信息化建设的投资力度，加快 推进5G网络等信息通信网络的统筹规划，实现城乡重点区域、工业园区、交通枢纽的连续覆盖，夯实 数字经济发展基础；重点强化乡村数字基建薄弱环节，缩小城乡、区域间通信基础设施差异，降低数据 传输、存储、交易等成本，为区域产业结构优化提供重要支撑。加大创新研发投入强度。地方政府要加 大对高校科研的支持力度，鼓励高校开展原创性研究，不断强化组织保障、人才保障、资源保障，完善 科研创新体系，提高科技创新能力；强化对中小微和初创企业的资金与政策支持，发挥企业的主体作 用，主动借鉴国内外企业技术创新经验，持续完善、应用和推广新数字技术，提升企业的市场竞争力。 推动区域数字经济协同发展，构建开放共赢的联动格局 强化产业数字化转型支持，激活产业升级的存量引擎 □ 蒋永彩戴德锋 发展数字经济，可催生新产业（300832），也可赋能传统产业。应加快数字经济与传统产业的融合，增 强传统产业优化升级的内在驱动力。构建智慧农业体系。加快物联网传感器、无人机等 ...

每经AI快讯，上海沪工（SH 603131，收盘价：28.54元）12月4日晚间发布公告称，公司第五届第十一 次董事会会议于2025年12月3日在公司会议室以现场结合通讯会议的方式召开。会议审议了《关于修订 <公司章程> 的议案》等文件。 （记者 曾健辉） 2024年1至12月份，上海沪工的营业收入构成为：工业占比99.28%，其他业务占比0.72%。 截至发稿，上海沪工市值为91亿元。 每经头条（nbdtoutiao）——让"铁疙瘩"从数万米高空精准"踩刹车"，中国商业航天"降本复用"只差"最 后一公里"！朱雀之后，同行排队接力 ...

格隆汇12月4日｜摩根士丹利投资银行联席主管Mo Assomull在纽约举行的活动上表示，预计2026年将掀 起一轮强劲的并购与IPO浪潮。整体交易活动在多数主要行业均保持健康水平，尤以科技、医疗保健、 工业和金融行业最为活跃，这得益于更具建设性的宏观经济环境。特朗普政府支持增长的政策立场有望 进一步加速金融服务业的整合进程。他预计，监管环境更加友好以及银行扩大规模的需求，应会在未来 几年推动更多行业并购。谈及人工智能领域，他表示，投资者和贷款机构在支持AI企业方面已变得更 加审慎。融资正从追逐"宏大愿景"的公司转向那些能够真正展示商业吸引力的企业。 ...

Core Insights - The market experienced a collective decline in the afternoon, with sectors such as non-ferrous metals and energy showing gains, leading to an increase in related indices [1] - The Guozhen Free Cash Flow Index rose by 0.4%, while the Guozhen Value 100 Index increased by 0.3%, and the Guozhen Growth 100 Index fell by 1.0% [1] - The Free Cash Flow ETF (E Fund, 159222) has seen continuous net inflows for 16 trading days, totaling over 100 million yuan [1] Index Performance - The Guozhen Value 100 Index, which employs a "high dividend + high free cash flow + low price-to-earnings ratio" screening system, focuses on value stocks and has shown stable historical performance [1] - The Guozhen Free Cash Flow Index selects stocks based on free cash flow rates, combining high dividends with growth potential [1] - The Value ETF (159263) and Free Cash Flow ETF (E Fund, 159222) track the aforementioned indices, providing investors with opportunities to capitalize on related investment styles [1] Sector Composition - The Guozhen Growth 100 Index consists of 100 stocks with a significant focus on growth, with over 65% of its composition in information technology and materials sectors [3] - The Guozhen Value 100 Index is composed of 100 stocks with a strong value orientation, with over 65% in consumer discretionary, financials, and industrial sectors [3] - The Free Cash Flow Index includes 100 stocks with high free cash flow levels, with over 70% in industrials, materials, and consumer discretionary sectors [3]

德国已连续两年陷入经济衰退，联邦政府预计今年经济增幅仅为约0.2%。今年5月上台的总理默茨承诺 重振德国，包括通过大规模公共支出，加大国防和基础设施投入。默茨政府表示，经济复苏需要时间， 已实施减税等改革措施，但企业批评改革速度仍显不足。 （文章来源：新华社） 报告显示，今年德国工业产出预计下降2%，为连续第四年下滑。莱宾格指出，这一趋势已超出周期性 波动范围，反映工业发展陷入结构性困境。今年第三季度工业产出环比下降0.9%，同比下降1.2%，为 连续第九个季度萎缩，较2018年峰值明显回落。 新华财经柏林12月3日电（记者李函林）德国工业联合会2日发布最新工业报告，大幅下调德国今年工业 生产预期，指出德国经济正面临二战后最严重的危机。德国工业联合会主席彼得·莱宾格表示，德国工 业正经历"自由落体式"下滑，需要以竞争力和增长为优先的政策调整。 ...

Group 1 - The core viewpoint of the news highlights the performance of dividend-related indices, with the CSI Dividend Value Index and CSI Dividend Index both rising by 0.2%, while the Hang Seng High Dividend Low Volatility Index decreased by 0.6% [1][6] - E Fund is noted as the only fund company offering low fee rates for all dividend ETFs, with management fees set at 0.15% per year for various products, facilitating low-cost investment in high-dividend assets [1][5] - The CSI Dividend Index comprises 50 stocks characterized by good liquidity, continuous dividends, moderate payout ratios, positive growth in dividends per share, and low volatility, with banking, transportation, and construction industries accounting for over 65% of the index [4] Group 2 - The Hang Seng High Dividend Low Volatility Index consists of 50 stocks within the Hong Kong stock market that exhibit good liquidity, continuous dividends, moderate payout ratios, and low volatility, with financial, industrial, and energy sectors making up over 65% of the index [6] - The Hang Seng Low Dividend ETF (159545) has seen a net subscription exceeding 100 million units in the first half of the day [1]

Core Insights - Dapeng Industrial (stock code: 920091) was featured on the trading leaderboard on December 2, 2025, due to a significant trading volume and turnover rate [1][2] - The stock recorded a turnover rate of 36.20%, with a total trading volume of 4.9195 million shares and a transaction value of 277 million yuan [1][2] Trading Details - The top buying seat was from Dongfang Caifu Securities, Lhasa Tuanjie Road Second Securities Business Department, with a purchase amount of approximately 9.54 million yuan [2] - The top selling seat was from Guojin Securities, Shenzhen Branch, with a selling amount of approximately 11.91 million yuan [1][2] - Other notable buying and selling activities included contributions from various securities firms, indicating active trading interest in Dapeng Industrial [2]

Core Insights - The investment market is showing strong performance for 2025, but investors face a complex environment as 2026 approaches, with increasing risks from overpaying for high expectations [1] - Schroders emphasizes three main strategies: income, capital growth, and convertible bonds, to capture global capital growth and income opportunities while addressing market uncertainties [2][4] Group 1: Market Overview - The U.S. stock market currently represents nearly two-thirds of the MSCI All Country World Index, raising concerns about concentration [1] - Recent estimates indicate that capital expenditures related to business model transformations in the U.S. have risen from $3 trillion to a concerning $5 trillion, equivalent to one-sixth of the U.S. economy [2] Group 2: Fixed Income Market - By early 2030, U.S. debt as a percentage of GDP is expected to surpass that of Italy, indicating a significant trend that could impact market dynamics [2] - The anticipated trajectory of U.S. short-term interest rates, influenced by fiscal stimulus and rapid advancements in artificial intelligence, may heighten inflation risks and lead to a steeper yield curve [2] Group 3: Investment Strategies - In the "income" pillar, Schroders has shifted away from U.S. credit, investing instead in securitized debt, Australian investment-grade bonds, and selectively high-quality emerging market bonds [3] - The "capital growth" strategy involves a broad equity market allocation, with a focus on banking, industrial, and materials sectors, while maintaining a lower allocation to tech giants and U.S. stocks [3] - The allocation to convertible bonds has been increased, focusing on capturing asset allocation opportunities that traditional markets may not provide, with an emphasis on international markets and cyclical value companies [3] Group 4: Future Outlook - The focus for 2026 is on a diversified mixed investment strategy that prioritizes income while avoiding overpaying for capital growth, aiming to build a robust portfolio capable of achieving capital growth and stable returns in any market condition [4]