活动上，有投资者向长荣股份（300195）提问：2025年上半年公司业绩增长动能强劲，除了市场需求回 暖外，内部管理优化或成本控制是否也发挥了重要作用，具体体现在哪些方面？ 9月11日，与投资者同行 为价值共筑——天津辖区上市公司2025年投资者网上集体接待日暨半年报业绩 说明会在全景路演举行。 长荣股份证券事务代表张粟彤回复：报告期内，公司坚持以"两保、两降、两控"的总体工作思路为指 导，坚持降本增效，通过加强运营管理及财务管理等一系列措施，公司管理费用及财务费用显著降低， 分别较去年同期下降了16.67%和59.36%；公司降本增效成效凸显，利润得以进一步释放。装备制造及 系统解决方案的营业成本较上年同期下降8.95%，毛利率较上年同期增加1.95%。公司坚持通过设计优 化，精简物料；拓展供应商渠道，压降物料采购价格；通过系统计算，优化采购批次，在合理控制库存 的基础上最大化利用批量采购的价格优势；积极精益生产车间的工艺路线，提高加工和装配效率，提高 人员单位产出，从而提升产品毛利。（全景网） 本次活动 ...

（原标题：中冶宝钢三款"新能源"无轨化冶金大物流特种车辆成功发车） 9月11日，中冶宝钢三款"新能源"电驱无轨化冶金大物流特种车辆成功发车，标志着"中冶重机"品牌冶 金物流装备实现了"绿色化、智能化"的跨越式发展。 中冶宝钢相关负责人介绍，此次发车的三款共7台无轨化冶金大物流特种车辆包括：2台120吨整体式电 动抱罐车、4台120吨电动渣罐运输车及1台80吨铰接式电动抱罐车。这是中冶宝钢响应"双碳"目标的标 志性成果。三款新能源特种车辆投入现场使用后，将有效解决冶金渣处理运输环节的效率与环保痛点。 据了解，中冶宝钢项目研发团队以"结构创新、电机直驱、动能回收、高压安全互锁"为核心技术架构， 实现了续航能力、作业稳定性与智能化水平的质的飞跃：120吨电动抱罐车的整体式车架结构和四电机 独立驱动系统，不仅实现了动力系统完全国产化替代，更让抱罐车重载运输如履平地；120吨电动渣罐 运输车创新应用单轴线牵引驱动+整体旋转顶盖系统，大幅提升高温渣料运输的安全环保；80吨铰接式 电动抱罐车则通过快速充电与电池更换双模式，解决了新能源装备在连续作业中的续航焦虑。 "三款车辆的技术突破将为冶金企业物流运输带来显著的环保效益： ...

Core Insights - The article emphasizes the "136921" development strategy of Jinzhou, which aims to accelerate the construction of a high-quality regional central city and leverage historical opportunities for growth [1][2][9] - Jinzhou is focusing on six major industrial sectors, including equipment manufacturing and new materials, to strengthen industrial clusters and achieve significant economic growth [1][5][7] Group 1: Development Strategy - The "136921" strategy includes a total goal, three historical opportunities, six leading industrial sectors, nine development zones, and aims to introduce over 1,000 key projects annually [1][2] - Jinzhou's industrial output value is targeted to double, with a specific focus on enhancing the capabilities of six major industries [1][4] Group 2: Project Implementation - Jinzhou has established a real-time monitoring system for its development tasks, ensuring accountability and timely execution of 109 key tasks and 136 priority tasks [3][4] - The Jinzhou Zhigu project, with an investment of 3 billion yuan, is expected to generate an annual output value exceeding 20 billion yuan, contributing to the city's industrial growth [4][6] Group 3: Industrial Growth - Jinzhou's industrial value added increased by 13.5% year-on-year in the first half of the year, indicating robust economic performance [7] - The city is focusing on technological innovation to drive industrial upgrades, with significant investments in modernizing production processes [6][8] Group 4: Logistics and Infrastructure - Jinzhou has been designated as a new national logistics hub, enhancing its strategic position in regional and national logistics networks [8][9] - The Jinzhou International Logistics Port has seen a 23% increase in throughput, reflecting the city's commitment to improving logistics capabilities [8]

选拔与激励方面，杭汽轮集团建立以"技能水平、业绩贡献、能力特质、核心价值观"为核心的四大量化 评审体系，推进技能ABC人才工程，完善定期考核与人才升降机制。积极响应职业技能等级认定政 策，率先成为试点企业，自主开展装配钳工、镗工、车工、铣工等工种认定，近三年共组织32批次403 人获证。2023年，集团获批浙江省第二批"新八级工"试点单位，吴建华、蔡冬明两人经评审成为浙江省 钳工特级技师，实现"技能成才"通道全面畅通。 在使用环节，杭汽轮集团明确人才为核心资源，注重专业化分工与跨专业协同，鼓励"一专多能"，通过 打破部门界限、建立人才储备库、完善考核制度等措施，推动技能人才跨岗位、跨部门交流与多岗位历 练。同时，针对人才使用中的痛点与难点深入调研，精准施策，确保政策快速落地见效。 会上，多家先进企业代表分享了产教融合、工学一体的技能人才培养模式，以及"岗位需求+技能培训 +技能评价+就业服务"四位一体的项目化培训机制，为杭汽轮集团后续人才建设工作提供新思路。杭州 市副市长宦金元指出，"高技能人才是推动高质量发展、实现高水平就业的关键"；杭州市人社局副书记 吴洁静强调，"要凝心聚力，真抓实干，将杭州建设成为技能 ...

Core Viewpoint - The Ministry of Industry and Information Technology, the Ministry of Finance, and the Financial Regulatory Bureau have announced the implementation of the 2025 insurance compensation policy for the first set of major technical equipment, which aims to support various sectors outlined in the 2024 version of the promotion application guidance directory [1][3]. Group 1: Support Scope - The 2025 insurance compensation policy covers all areas listed in the "Guidance Directory for the Promotion and Application of the First Set of Major Technical Equipment (2024 Edition)" [3]. - Whole equipment is generally supported based on the number of sets, while core systems, key components, and critical supporting parts are supported based on batch numbers [3][4]. - High-value core systems and key components, such as aircraft engines and ship engines, can be supported based on the number of sets, while lower-value equipment like precision instruments can be supported based on batch numbers [1][3]. Group 2: Application Process - Enterprises manufacturing major technical equipment listed in the directory must submit application materials to their local industry and information technology authorities [4]. - Local authorities and central enterprise groups will review the applications, focusing on the completeness and validity of materials, as well as the technical parameters and value rationality of the products [4][6]. - The Ministry of Industry and Information Technology will commission third-party organizations to conduct a review of the qualifications for insurance compensation, determining the subsidy amount based on a certain percentage of the equipment value [4][6]. Group 3: Funding Application - After passing the qualification review, equipment manufacturers must submit application materials to local authorities after completing manufacturing, delivery, insurance, and full premium payment [5]. - Local authorities will conduct a review of the application materials, ensuring their authenticity and consistency, and will report their findings to the Ministry of Industry and Information Technology and the Financial Regulatory Bureau [6]. Group 4: Other Requirements - Equipment manufacturers must comply with national laws and regulations, ensuring the authenticity and completeness of their materials [7]. - Local authorities and central enterprise groups are required to strictly review and manage the applications to maintain the integrity of the policy [7]. - The qualification review results will be a key basis for enjoying the insurance compensation policy and will be prioritized in other related policies [8].

Core Viewpoint - Fuaan Co., Ltd. is actively pursuing diversification by investing in new sectors such as gas turbine manufacturing, AI computing power leasing, and lithium battery materials, although the financial performance from these ventures has yet to show significant improvement [1][2][3] Group 1: Gas Turbine Manufacturing - Fuaan Co., Ltd. plans to establish a joint venture to create a gas turbine manufacturing base in Leshan, focusing on gas turbines below 50MW [1] - The company will invest approximately 320 million yuan, holding a 51.613% stake in the joint venture, while its partners will contribute 150 million yuan each for a 24.1935% stake [1] - The total registered capital for the joint venture is 620 million yuan, indicating strong confidence from all parties involved [1] Group 2: AI Computing Power Leasing - In May 2024, Fuaan Co., Ltd. announced plans to invest about 249 million yuan in an AI computing power leasing business through a joint venture with Shanghai Jitie Network Technology Co., Ltd. [2] - Fuaan Co., Ltd. will hold a 71% stake in the new venture, which will have a total investment of approximately 350 million yuan [2] Group 3: Lithium Battery Materials - Fuaan Co., Ltd. previously aimed to enter the lithium battery sector by planning a major asset restructuring to acquire 100% of Tianquan Fuaan Carbon Material Technology Co., Ltd. for 3.6 billion yuan [2] - This move reflects the company's strong interest and commitment to emerging industries [2] Group 4: Financial Performance - For the first half of 2025, Fuaan Co., Ltd. reported revenue of 579 million yuan, a year-on-year increase of 3.29%, but a net profit decline of 9.68% to 55.57 million yuan [2] - The performance indicates challenges in the company's transition to new business areas, with the impact of new ventures on overall performance still not fully realized [2][3]

Core Insights - In August, the sales revenue growth rate of enterprises in China accelerated by 0.9 percentage points compared to July, indicating multiple positive trends [1] Group 1: Manufacturing Sector - The manufacturing sector continues to develop steadily, with sales revenue growth in August outpacing the overall growth rate of enterprises by 1.5 percentage points, accounting for 30.7% of total enterprise sales revenue [1] - High-end and digital transformation in manufacturing is progressing, with sales revenue in equipment manufacturing and digital product manufacturing increasing by 7.4% and 9.6% year-on-year, respectively [1] Group 2: High-tech Industry - The sales revenue of the high-tech industry grew by 14.5% year-on-year in August, maintaining a rapid growth trend [1] - Breakthroughs in technology by large model high-tech companies are accelerating the application of AI technology in intelligent manufacturing, providing sustained momentum for the intelligent development of enterprises [1] - Sales revenue for industrial robots, special operation robots, and service robots increased by 12.6%, 52.9%, and 64.2% year-on-year, respectively [1] Group 3: Service Consumption - Service consumption potential continues to be released, driven by summer travel and leisure activities, maintaining a good growth trend since July [1]

Core Viewpoint - Hangzhou City Investment Group is focusing on integrating technological and industrial innovation to enhance urban competitiveness and promote the development of new productive forces in the city [6][7]. Group A: Green Energy Industry Upgrade - The Hangzhou City Investment Group has developed a solar-powered charging station at the Hangqian Expressway service area, which is the largest of its kind in domestic highway service areas and marks the first large-scale application of photovoltaic technology in Zhejiang [8]. - The group has also launched a dual-green model at the Xiazhong Village agricultural photovoltaic power station, which has a total installed capacity of 20.84 MW and is expected to generate an average annual power output of 22.57 million kWh, saving 6,787 tons of standard coal and reducing CO2 emissions by 17,000 tons annually [9]. - The City Energy Group is extending its clean energy layout to various scenarios, including urban rooftops and landfills, creating a "green energy matrix" to ensure grid stability and promote sustainable urban development [10][11]. Group B: Equipment Manufacturing Upgrade - The equipment manufacturing sector is transitioning towards intelligent manufacturing, with companies like Hangdian Manufacturing focusing on high-end products and achieving significant R&D milestones, including over 500 patents [12][13]. - The establishment of a new production base for methanol-powered electric vehicles marks a significant step in the development of the new energy commercial vehicle industry in Hangzhou [14]. Group C: Industrial Investment Upgrade - The "Hangzhou City Investment · Future 500+" project is a core initiative aimed at creating a new energy industry cluster, with plans for completion by the end of 2025 [15][16]. - The City Investment Group is targeting new infrastructure, new materials, new energy, and artificial intelligence as key investment areas, utilizing a "fund + base + industry +招商" model to drive high-quality development [17][18].

Group 1: Market Overview - Global markets showed mixed performance, with the Hang Seng Index rising by 1.43% and the S&P 500 declining by 0.32% year-to-date [1][3] - The Chinese stock market saw significant gains, particularly in sectors like materials, healthcare, and industrials, with net inflows of 56.23 billion HKD from southbound funds [3][4] - The U.S. labor market showed signs of weakness, with non-farm payrolls increasing by only 22,000 in August, leading to heightened expectations for interest rate cuts by the Federal Reserve [4][5] Group 2: Industry Insights - The pharmaceutical industry experienced overall weak growth, with average revenue growth of 1.6% and net profit declining by 3.2% in the first half of 2025 [6][8] - The innovative drug sector performed well, with an average revenue growth of 35%, driven by favorable healthcare payment environments and international licensing agreements [6][8] - The CXO sector saw a revenue increase of 15.5% and net profit growth of 32.7%, primarily due to strong demand for GLP-1 products [7][8] Group 3: Company Analysis - Broadcom reported a revenue of 16 billion USD for Q3 2025, exceeding market expectations, with a year-on-year growth of 22% driven by AI semiconductor and VMware business [9][10] - Black Sesame Technologies achieved a revenue of 253 million HKD in the first half of 2025, a 40% increase, although gross margins were under pressure due to unfavorable product mix [11] - The report recommends buying shares in companies like 三生制药 (Sangfor Technologies) and 百济神州 (BeiGene), highlighting their potential for growth in the pharmaceutical sector [12]

Group 1: IPO Market Overview - The IPO market is showing signs of normalization with a trend of "streamlined reviews and highlighted opportunities" as of September [2] - This week, only two companies were reviewed by the Shanghai and Shenzhen Stock Exchanges, both of which were approved [2] - China Uranium Corporation achieved over 17 billion yuan in revenue, making it the second-largest IPO of the year after Zhongce Rubber [2] Group 2: Company Highlights - China Uranium Corporation focuses on the comprehensive utilization of natural uranium and radioactive co-associated mineral resources, holding a dominant position in the domestic market [3] - The company reported revenues of 17.279 billion yuan and a net profit of 1.712 billion yuan for 2024 [3] - Aoxin Electric, listed on the Hong Kong Stock Exchange, saw its stock price drop 7% on its debut, closing at 16.73 HKD per share, with a market capitalization of 25.727 billion HKD [4] - Aoxin is the fifth-largest air conditioning provider globally, with a market share of 7.1% [4] Group 3: New Listings - Jiangyin Huaxin Precision Technology Co., Ltd. successfully listed on the Shanghai Stock Exchange, focusing on precision stamping cores for electric vehicles and other applications [5] - The company raised 814 million yuan through its IPO, with a share price increase of over 300% on its first trading day [5] - Guangdong Jinsheng New Energy Co., Ltd., the largest third-party lithium battery recycling company, has filed for an IPO in Hong Kong [6][8] Group 4: Upcoming Companies - Light Health Group has submitted a second application for an IPO on the Hong Kong Stock Exchange, focusing on digital health services and insurance solutions [9] - Yipin Nutrition Technology Group, the second-largest goat milk powder brand in China, has also applied for a listing on the Hong Kong Stock Exchange [10] - Tianchen Biopharmaceuticals is seeking to list in Hong Kong, focusing on innovative drugs for allergic and autoimmune diseases [11]