登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：000809 证券简称：和展能源 公告编号：2025-048 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误导性陈述或重大遗 漏。 重要内容提示： 1.董事会及董事、高级管理人员保证季度报告的真实、准确、完整，不存在虚假记载、误导性陈述或重 大遗漏，并承担个别和连带的法律责任。 2.公司负责人、主管会计工作负责人及会计机构负责人(会计主管人员)声明：保证季度报告中财务信息 的真实、准确、完整。 3.第三季度财务会计报告是否经过审计 □是 √否 一、主要财务数据 （一） 主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □是 √否 ■ （二） 非经常性损益项目和金额 √适用 □不适用 单位：元 ■ 其他符合非经常性损益定义的损益项目的具体情况： □适用 √不适用 公司不存在其他符合非经常性损益定义的损益项目的具体情况。 将《公开发行证券的公司信息披露解释性公告第1号一一非经常性损益》中列举的非经常性损益项目界 定为经常性损益项目的情况说明 □适用 √不适用 公司不存在将《公开发行证券的公司信息披露解释性公告第 ...

特色产业与区域禀赋 当上海远景能源、四川东方电气等在海南儋州打造海上风电装备制造集群，当江苏嘉轩智能工业科技在 内蒙古投建永磁电机产业基地，助力当地成为全球永磁技术创新策源地……在纵深推进全国统一大市场 建设的背景下，这样的产业转移逐渐突破了"东部输出研发、西部承接制造"的单一模式，形成特色产业 与区域禀赋深度融合的双向奔赴趋势。 近日，2025中国产业转移发展对接活动（海南）在海口举行，这是今年以来，工业和信息化部牵头组织 的第六场产业转移对接活动。 在此之前，工信部已联合湖南、四川、内蒙古、江西、广西五省区，相继在长沙、成都、呼和浩特、南 昌、南宁举办了相关活动。这场贯穿全年、覆盖多区域、多领域的产业协作活动，既是对促进制造业有 序转移指导意见的重要实践，也为纵深推进全国统一大市场建设、构建区域协调发展新格局注入强劲动 能。 产业转移成为 新型工业化"关键落子" 2022年，工信部、国家发改委、科技部、商务部等十部门联合发布《关于促进制造业有序转移的指导意 见》，提出要引导劳动密集型产业重点向中西部劳动力丰富、区位交通便利地区转移，引导有意愿的优 质企业带动关联产业向中西部和东北地区有序转移。 在随后的几 ...

科技股分歧渐显 基金经理详解AI产业链纵深机会 ◎记者 陈玥 10月以来A股震荡调整，年内表现"一骑绝尘"的科技股有所波动。对此，多位受访基金经理表示，表面 上看本轮市场调整是由外部因素触发，实质上是市场对前期大幅上涨的科技板块自发的获利回吐。不 过，AI等科技产业的长期发展趋势并未改变，当前的调整或将为后续的健康发展奠定基础。 以人工智能、数字经济、集成电路为代表的科技板块已成为A股市场上最热门的赛道。Choice统计数据 显示：截至10月20日，被动指数基金中，多只通信、人工智能、芯片相关产品近一年净值增长超50%； 在主动基金中，中欧数字经济、华富科技动能、广发成长领航一年持有、大成科技创新等多只重仓科技 标的的产品近一年净值增长均超100%。 对于10月以来的市场波动，泓德基金基金经理、成长组组长于浩成告诉上证报记者，背后主要有两方面 因素：一方面，以AI为代表的科技板块经历三季度的显著上涨后，估值修复已较为充分，部分投资者 选择获利了结，形成技术性调整压力；另一方面，外部因素对科技板块情绪面造成了冲击。于浩成说， 尽管短期内出现调整，但AI等科技产业的长期发展趋势并未改变，当前的调整或为后续健康发展 ...

中共中央于10月24日举行新闻发布会，介绍和解读党的二十届四中全会精神。 10月20日至23日，中国共产党第二十届中央委员会第四次全体会议在北京召开。这次全会是在我国即将胜利完成"十四五"主要目标任 务，进入基本实现社会主义现代化夯实基础、全面发力的关键时期召开的一次重要会议。 全会审议通过了《中共中央关于制定国民经济和社会发展第十五个五年规划的建议》（以下简称《建议》），圆满完成了各项议程。 打造新兴支柱产业 国家发展改革委党组书记、主任郑栅洁在新闻发布会上表示，《建议》对"十五五"经济社会发展作出了全面部署。 产业方面，《建议》明确把"建设现代化产业体系，巩固壮大实体经济根基"摆在战略任务的第一条，部署了4方面重点任务，可以 从"固本升级、创新育新、扩容提质、强基增效"4个方面来把握。 《建议》提出推动重点产业提质升级，巩固提升化工、机械、造船等行业在全球产业分工中的地位和竞争力，发展先进制造业集群等 举措，初步估计未来5年会新增10万亿元左右的市场空间，释放出巨大的发展动能和民生红利。 《建议》提出打造新兴支柱产业，加快新能源、新材料、航空航天、低空经济等战略性新兴产业集群发展，这将催生出数个万亿元级 ...

既是响应世界城市日"城市转型与发展"的全球倡议，更是落实长三角一体化发展战略的具体行动。 10月26日，2025世界城市日系列活动暨沿沪宁城市科技和产业协同创新日在上海普陀信泰中心隆重举 行，聚焦"沿沪宁城市科技和产业协同创新"的主题，共话创新、共商合作，既是响应世界城市日"城市 转型与发展"的全球倡议，更是落实长三角一体化发展战略的具体行动。 活动主会场上，上海市委常委、常务副市长吴伟，江苏省委常委、常务副省长马欣，之江实验室主任、 阿里云创始人王坚，上海大学校长、中国科学院院士刘昌胜，同济大学副校长、中国工程院院士童小 华，上海市政府副秘书长、市发改委主任顾军，江苏省发改委主任、省数据局局长沈剑荣，无锡市委副 书记、市长蒋锋,上海市住建委副主任洪继梁，上海市科委二级巡视员李祖兴，江苏省驻沪办党组书 记、主任崔巍，江苏省政府副秘书长杨新忠，江苏省科技厅副厅长赵建国，江苏省工信厅二级巡视员曹 阳，南京市政府副秘书长郑晓明，无锡市副市长周文栋，常州市副市长潘冬铃，苏州市委常委、常务副 市长顾海东，南通市副市长凌屹，扬州市政府副秘书长、办公室主任朱定金，镇江市委常委、常务副市 长张克，泰州市委常委、常务副市长秦猛 ...

Core Insights - Guizhou is focusing on industrial development to establish a modern industrial system with unique characteristics and significant national importance [1] Group 1: Industrial Projects - The Meijin Huayu "Coal-Coke-Hydrogen" comprehensive utilization demonstration project in Liupanshui, Guizhou, has reached 99% completion in its second phase, with a total investment of 10 billion yuan. Once fully operational, it is expected to generate an annual output value of 20 billion yuan and tax revenue of 2.5 billion yuan, creating over 1,500 jobs [3] - Guizhou Meijin Huayu New Energy Co., Ltd. plans to leverage its advantages in coal chemical industries to attract more upstream and downstream enterprises to the park, forming a circular economy industrial chain including "Coal-Coke-Gas," "Coal-Coke-Chemicals," and "Coal-Coke-Hydrogen" [5] Group 2: Industrial Base Development - Guizhou is accelerating the construction of six major industrial bases, including a new comprehensive energy base, a significant resource deep processing base, a major liquor production base, a new energy battery and materials R&D and production base, a national computing power support base, and an important industrial backup base. The goal is to form three industrial clusters worth 500 billion yuan and three worth 300 billion yuan [7] - In the new energy base development, Guizhou is promoting the entire industrial chain of new energy battery materials, power batteries, and electric vehicles, with production of key materials like ternary precursors and battery-grade manganese sulfate leading the nation. As of August this year, Guizhou's computing power has surpassed 100 billion floating-point operations per second, making it one of the regions with the most and strongest intelligent computing resources in the country [9] Group 3: Economic Contribution - In the first half of 2025, Guizhou's industrial added value for large-scale enterprises grew by 9.6%, with the six major industrial bases' added value increasing by 11.2%. The industrial added value accounted for 27.8% of GDP, contributing 40% to the province's economic growth, indicating that industry has become the backbone of Guizhou's economic development [9] - The Guizhou Provincial Department of Industry and Information Technology aims to build a modern industrial system with significant national strategic importance during the "14th Five-Year Plan" period, focusing on the "six major industrial bases" and the "3533" key industrial cluster goals [11]

[Table_Title] 研究报告 Research Report 26 Oct 2025 香港策略 Hong Kong Strategy "十五五"聚焦科技和内需，把握逢低布局窗口 内需方面，政策重心正从总量政策为主转向以内需主导。一方面推出"提振消费"专项行动，创造新需求；另一方面 通过健全社会保障体系释放消费意愿，涵盖惠民生、稳就业、完善社保、强化生育支持等综合举措。同时，政策 将重点培育绿色消费、银发经济和育儿经济等新增长点，增强国内大循环的内生动力和稳定性。 同时，会议提出要推动房地产高质量发展，规范地方政府的经济促进行为，扩大有效投资，疏通全国统一大市场 建设中的卡点堵点。整体思路是在以科技和内需为主要驱动力的框架下，稳住房市、逐步化解内卷式竞争，确保 经济底部稳定。 上周我们提到，市场经过回调后的震荡低点已逐步具备配置价值。本周在四中全会政策提振下，中国股市出现缩 量反弹。下周初更具体的"十五五"规划建议将公布，为市场提供更明确的政策指引。与此同时，美国9月CPI低于预 期，市场对10月降息的预期维持稳定；中美已在马来西亚开展经贸磋商，为11月1日的元首会晤创造条件。整体来 看，在中美磋商结果 ...

Core Viewpoint - The article emphasizes the importance of building a modern industrial system and strengthening the foundation of the real economy as a primary task in China's 14th Five-Year Plan, with a focus on high-quality development and innovation-driven growth [2][3]. Group 1: Modern Industrial System - The construction of a modern industrial system is prioritized in the 14th Five-Year Plan, with a focus on solidifying and expanding the real economy [2][3]. - Key tasks include upgrading traditional industries, fostering new and future industries, and enhancing the quality and efficiency of the manufacturing sector [3][5]. - The manufacturing sector is projected to contribute significantly to global manufacturing growth, with an expected increase in value added from 26.6 trillion yuan to 33.6 trillion yuan during the 14th Five-Year Plan [4]. Group 2: Traditional Industries - Traditional industries account for approximately 80% of the manufacturing sector's value added, serving as the foundation of China's industrial system [5]. - The government aims to enhance the competitiveness of key traditional industries such as chemicals, machinery, and shipbuilding, with an estimated market space increase of around 10 trillion yuan over the next five years [5]. Group 3: Emerging Industries - The plan includes the development of strategic emerging industries such as new energy, new materials, and aerospace, which are expected to create several trillion-yuan markets [7]. - The focus on innovation and reform is crucial for the growth of emerging industries, which currently represent only about 13.4% of GDP compared to traditional industries [8]. Group 4: State-Owned Enterprises - Central enterprises have invested approximately 8.6 trillion yuan in strategic emerging industries since the beginning of the 14th Five-Year Plan, with a projected revenue of over 11 trillion yuan in 2024 [9]. - The government encourages state-owned enterprises to concentrate capital in emerging industries to enhance competitiveness and ensure strategic security in critical areas [10][11].

Core Viewpoint - The overall sentiment among brokerage strategy analysts is optimistic about the market outlook, with a particular focus on the technology sector as a main investment theme [1][2][3]. Group 1: Market Trends and Drivers - The upcoming trade negotiations between China and the U.S., along with expectations of interest rate cuts from the Federal Reserve, are expected to strengthen the technology growth trend [1][2]. - The market has shifted back to a performance-driven structure, with two emerging themes: supply chain security and the expansion of AI from cloud to edge computing [1][3]. - The "Fifteen Five" plan marks a strategic shift from a defensive to an offensive approach, emphasizing proactive economic development and high-level technological self-reliance [1][3][4]. Group 2: Sector Focus and Investment Opportunities - The technology sector remains a long-term focus, with significant attention on AI and its applications, particularly as major tech companies prepare to release earnings reports [2][3]. - Analysts highlight the potential for manufacturing companies to benefit from China's competitive advantages and the high costs of resetting overseas production capacities [1][3]. - The "Fifteen Five" plan is expected to enhance the strategic position of technology development, creating new opportunities for investment in sectors such as AI, quantum technology, and advanced manufacturing [4][5]. Group 3: Policy Implications - The recent policy statements from the Fourth Plenary Session are seen as reducing the likelihood of contractionary policies, which could support a bull market extending into 2026 [1][4]. - The focus on domestic consumption and supply chain security is expected to lead to more structured and sustained consumption stimulus policies [4][5]. - The overall policy environment is perceived as favorable for the A-share market, particularly in technology, manufacturing, and consumer sectors [4][5].

格隆汇10月26日丨立新能源(001258.SZ)披露2025年度第三季度报告，公司第三季度实现营业收入3.44亿 元，同比增长20.43%；净利润1.24亿元，同比增长221.42%。前三季度实现营业收入8.40亿元，同比增 长3.26%；净利润1.33亿元，同比增长2.44%。 ...