基于去年在美国提交的全部323272件专利的分析显示，2026年增长最快的技术似乎集中在更"接地气"的 领域：电池、生物科学、废物处理及材料科学。增长最快的十大技术领域具体有哪些？ 编导：龙泠宇 新华社音视频部制作 0:00 《参考消息》1月20日刊发美国《福布斯》杂志网站文章《研究揭示增长最快的十大技术领域》。 ...

1月17日，全球首个万吨级硫酸铁钠正极材料量产基地——众钠能源西部总部暨眉山里钠生产基 地，在甘眉工业园区南区正式投产。该项目创下东坡区重大项目从签约到投产的最快纪录，为区域新能 源产业高质量发展注入强劲动能。 项目总投资20亿元，总用地面积约77.1亩，分两期建设。全面建成后，将形成年产3万吨硫酸铁钠 正极材料、5GWh钠离子电池PACK系统的综合产能。本次投产的一期项目，已实现1万吨/年正极材料 的量产能力；项目全部达产后，预计年产值将突破40亿元。 眉山里钠能源科技有限公司，是江苏众钠能源科技布局西部的战略核心载体，承担着西部区域总部 运营与硫酸铁钠正极材料规模化生产的双重职能。作为钠离子电池领域的领军新锐，投资方江苏众钠能 源科技拥有独创的硫酸铁钠电池体系，掌握从材料、电芯到系统的全栈技术能力，累计持有专利超140 项，是国家级高新技术企业及潜在"独角兽"企业。此次投建的眉山基地，肩负拓展西南市场、完善供应 链布局、引领产业集聚的战略使命。 这一项目的快速落地投产，是政企协同发力、同频共振的典型范例。东坡区将新能源新材料产业列 为主导产业发展重点，精准对接行业龙头企业。项目推进期间，当地推行全链条"帮 ...

Core Viewpoint - Professor Ma Cheng from the University of Science and Technology of China has proposed a low-cost, commercially viable solution to the issue of solid-state lithium batteries relying too heavily on external pressure to maintain good interface contact during cycling, as published in the renowned journal Nature Communications [1] Group 1: Solid-State Lithium Battery Challenges - Solid-state lithium batteries are expected to overcome the limitations of current liquid lithium-ion batteries in achieving both high safety and high energy density [1] - The solid electrolyte and electrode in solid-state lithium batteries require external pressures of tens to hundreds of megapascals to maintain good interface contact, which is nearly impossible to achieve in practical scenarios [1] Group 2: Proposed Solution - The key to solving this issue lies in finding a solid electrolyte that can effectively change shape under low pressure to maintain close contact with the volume-changing electrode materials [1] - The new solid electrolyte developed by Professor Ma is lithium zirconium aluminum chloride oxide, which achieves the desired performance [1]

Investment Rating - The report maintains a "Buy" rating for Hunan Youneng (301358) [1] Core Views - The company is expected to achieve a significant earnings turnaround, with Q4 profits exceeding market expectations due to price increases and strong demand [8] - The company forecasts a total revenue of 36.77 billion yuan in 2025, representing a year-on-year growth of 62.69% [1] - The net profit attributable to the parent company is projected to reach 1.28 billion yuan in 2025, reflecting a year-on-year increase of 115.60% [1] - The company is benefiting from a solid market position, with a projected output of over 110,000 tons for the year, a 50% increase year-on-year [8] - The company plans to raise 4.79 billion yuan for capacity expansion in lithium iron phosphate and manganese iron phosphate production, which has been approved by the regulatory authority [8] Financial Summary - Total revenue forecast for 2025 is 36.77 billion yuan, with a projected net profit of 1.28 billion yuan [1] - Earnings per share (EPS) is expected to be 1.68 yuan in 2025, with a price-to-earnings (P/E) ratio of 37.38 [1] - The company anticipates a significant increase in high-end product sales, with projections indicating that the share of high-end products will rise to 70% by 2026 [8] - The company’s gross margin is expected to improve, with a forecasted gross margin of 10.19% in 2026 [9]

Macro and Strategy - The bond market saw the 30-year to 10-year government bond yield spread rise to 46.2 basis points, the highest level since September 2022, driven by structural interest rate cuts signaling a dovish stance from the central bank [6] - The Ministry of Finance initiated the issuance of 30-year government bonds with a competitive bidding total of 32 billion yuan, raising concerns about supply pressure in the long-term bond market [6] - The increase in yield spread indicates a normalization of the bond market from extreme deflationary trading conditions, suggesting that the long-term bond's "scarcity" has been replaced by "scale" [6] Industry and Company Public Utilities and Environmental Protection - Shanxi Province has launched a bidding mechanism for the electricity price of new energy projects for 2026, with a total bidding scale of 9.576 billion kWh, including 3.527 billion kWh for wind power and 6.049 billion kWh for solar power [12] - The public utilities index rose by 0.06%, while the environmental index increased by 0.27%, indicating a relatively stable performance in these sectors [12] - Recommendations include large thermal power companies like Huadian International and national renewable energy leaders such as Longyuan Power and Three Gorges Energy [14] Home Appliances - The home appliance sector is experiencing pressure, with a significant decline in domestic retail sales of major appliances, down over 20% in December [15] - Exports of home appliances decreased by 8% in December, primarily due to high base effects and tariff impacts [16] - Recommendations for investment include leading white goods companies such as Midea Group and Haier Smart Home, as well as small appliance leaders like Roborock Technology [18] Food and Beverage - The food and beverage sector is expected to benefit from cost reductions, particularly in sunflower seed prices, which are projected to decline by over 10% in 2026, benefiting companies like Qiaqia Food [20] - The report highlights the importance of effective cost transmission to improve profitability, emphasizing the need for stable competitive landscapes and strong cost control capabilities [19] - Recommendations include companies with strong market positions and the ability to manage costs effectively [19] Beverage Industry - Dongpeng Beverage is projected to achieve revenue of 20.76 to 21.12 billion yuan in 2025, with a year-on-year growth of 31.07% to 33.34% [21] - The company is expected to face some profit pressure in Q4 2025 due to pre-holiday inventory adjustments and upfront freezer costs [22] - The issuance of H-shares aims to enhance overseas market supply chain capabilities and explore investment opportunities [22] Technology Sector - Haopeng Technology anticipates a revenue increase of 12% to 17% in 2025, driven by growth in AI-related battery applications [27] - The company is focusing on expanding its production capacity for energy-dense batteries to meet rising demand in AI applications [28] - The strategic direction includes significant investments in AI and energy storage projects to capitalize on market growth [28]

格隆汇1月20日丨峰璟股份(002662.SZ)在投资者互动平台表示，公司研发的锂电池目前在验证过程中， 暂未批量投产。 ...

Core Viewpoint - The A-share listed companies are entering a rapid disclosure period for their 2025 annual performance forecasts, with a significant number of companies expecting substantial profit growth driven by AI and rising commodity prices [1][2]. Group 1: Performance Forecasts - A total of 451 A-share listed companies have disclosed their 2025 performance forecasts, with 156 companies expecting positive results [1]. - Among these, 42 companies anticipate a net profit growth of over 100% year-on-year [2]. - Notable companies include: - DingTong Technology expects a revenue of approximately 1.593 billion yuan, a 54.37% increase, and a net profit of about 242 million yuan, a 119.59% increase, driven by AI demand in the communications sector [2]. - Baiwei Storage forecasts a net profit between 850 million and 1 billion yuan, representing a growth of 427.19% to 520.22% [3]. Group 2: Mining Sector Performance - Mining companies are experiencing significant growth due to rising prices and demand for gold and copper [4]. - Luoyang Molybdenum expects a net profit of 20 billion to 20.8 billion yuan, a year-on-year increase of 47.8% to 53.71%, attributed to effective cost control and product price increases [4]. - Zijin Mining anticipates a net profit of approximately 51 billion to 52 billion yuan, a growth of 59% to 62%, with increased production across key minerals [5]. Group 3: Innovative Sectors - Companies in semiconductor, innovative pharmaceuticals, and commercial aerospace sectors are gaining market attention [6]. - Haopeng Technology projects a net profit of about 19.5 million to 22 million yuan, a growth of 113.69% to 141.09%, focusing on AI hardware applications [6]. - The pharmaceutical industry is entering a critical phase of innovation and global expansion, with investment opportunities shifting towards companies with global competitiveness [7].

韩国蔚山科学技术院科学家研发出一种新型厚电极，突破了传统电池设计中的"高容量低功率"瓶颈。与 常规电极相比，新电极在保持高能量密度的同时，将电池的输出功率提升了约75%。相关成果发表于新 一期《先进能源材料》杂志。 ...

Core Viewpoint - A new low-cost solution for solid-state lithium batteries has been proposed by Professor Ma Cheng from the University of Science and Technology of China, addressing the challenge of maintaining good interface contact under low external pressure, which is crucial for practical applications [1]. Group 1: Industry Insights - Solid-state lithium batteries have the potential to overcome the limitations of current liquid lithium-ion batteries, which struggle to balance high safety and high energy density [1]. - The challenge with solid-state batteries lies in the need for solid electrolytes and electrodes to maintain contact under high external pressures, often requiring tens to hundreds of megapascals, which is impractical in real-world scenarios [1]. Group 2: Research Developments - The key to solving the interface contact issue is to develop a solid electrolyte that can effectively change shape and maintain tight contact with the electrode materials, even under low pressure [1]. - The newly developed solid electrolyte, lithium zirconium aluminum chloride oxide, demonstrates the desired performance for commercial viability [1].

Group 1 - The People's Bank of China will announce the one-year and five-year Loan Prime Rates (LPR) on January 20 [2] - The National Development and Reform Commission will hold a press conference on January 20 to discuss the implementation of the central economic work conference and the "14th Five-Year Plan" [2] - The central bank has released the "Management Measures for the Identification of Beneficial Owners of Financial Institutions," effective from January 20, 2026 [2] Group 2 - The U.S. stock market will be closed on January 19 for Martin Luther King Jr. Day and will resume normal trading on January 20 [3] - On January 19, U.S. stock index futures fell, with the S&P 500 down 0.88%, Dow Jones down 0.80%, and Nasdaq 100 down 1.11% [4] Group 3 - The ICE U.S. Dollar Index fell by 0.33% to 99.065 points, while COMEX gold futures rose by 1.77% to $4,676.70 per ounce [5] - The onshore RMB closed at 6.9640 against the U.S. dollar, appreciating by 80 basis points from the previous trading day [5] Group 4 - The Hang Seng Index rose by 0.20% to 26,640 points, and the Hang Seng Tech Index increased by 0.23% to 5,768 points [6] - European stock indices closed lower, with Germany's DAX down 1.34%, France's CAC40 down 1.78%, and the UK's FTSE 100 down 0.39% [6] Group 5 - China's GDP is projected to exceed 140 trillion yuan in 2025, with a year-on-year growth rate of 5% [7] - The industrial added value for the year increased by 5.9%, while the service sector's added value grew by 5.4% [8] Group 6 - The U.S. plans to impose a 10% tariff on goods from eight European countries starting February 1, with the rate increasing to 25% by June 1 [9] - The Chinese Ministry of Foreign Affairs has reiterated its stance on the Greenland issue in response to U.S. tariffs [10] Group 7 - The Supreme People's Procuratorate of China has emphasized the need to maintain economic and financial security and to punish serious economic crimes [11] - A satellite internet low-orbit launch of 19 satellites was successfully completed on January 19 [11] Group 8 - Tesla will restart the development of its Dojo 3 supercomputer project, indicating a commitment to AI technology [17] - Ford is reportedly in talks with BYD for battery procurement for hybrid vehicles, reflecting traditional automakers' engagement with China's EV supply chain [18] Group 9 - Vanke has been executed for approximately 1.09 billion yuan, raising concerns about risks in the real estate sector [19][20] - Porsche's sales in China for 2025 are projected to decline by 26.28%, with the company focusing on maintaining a healthy supply-demand relationship [21] Group 10 - ByteDance's AI platform "Kouzi" has announced a 2.0 brand upgrade, integrating new capabilities to enhance user experience [22] - Honor has launched a limited edition smartphone in collaboration with Pop Mart, showcasing cross-industry innovation [24]