本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假记载、误导性陈述或重大遗 漏。 登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：000789 证券简称：万年青 公告编号：2025-101 债券代码：127017 债券简称：万青转债 债券代码：524330 债券简称：25江泥01 江西万年青水泥股份有限公司 关于"万青转债"回售结果公告 江西万年青水泥股份有限公司根据《深圳证券交易所股票上市规则》《深圳证券交易所上市公司自律监 管指引第15号一一可转换公司债券》等相关规定，以及《江西万年青水泥股份有限公司公开发行可转换 公司债券募集说明书》的约定，于2025年12月10日在指定的信息披露媒体《中国证券报》《证券时报》 和巨潮资讯网（www.cninfo.com.cn）首次披露了《关于万青转债回售的公告》（公告编号：2025-88） 并于回售期结束前每个交易日披露了1次回售提示性公告。提示投资者在可回售申报期内选择将持有 的"万青转债"全部或部分回售给公司。回售价格为人民币101.235元/张（含息税），回售申报期为2025 年12月16日至2025年12月22日。 二、本次可转换公 ...

Core Viewpoint - Innovation is the core engine of green development, with the organization promoting the establishment of nine industrial innovation research institutes targeting key technologies for energy conservation and carbon reduction [1] Group 1: Industrial Innovation and Technology Breakthroughs - The organization has successfully addressed key industry challenges, such as waste acid water treatment and optimizing phosphorus doping processes, which increased battery conversion efficiency from 23% to over 26% [1] - Multiple innovation research institutes are driving breakthroughs in critical technologies, enhancing the overall green innovation capabilities of industrial enterprises [1] Group 2: Energy Consumption Management - The organization has implemented strict energy consumption management, achieving comprehensive energy conservation inspections for manufacturing enterprises consuming over 10,000 tons of standard coal annually for three consecutive years [1] - Industry experts have provided public energy-saving diagnostic services to small and medium-sized enterprises in key sectors, proposing 58 targeted energy-saving measures that could save 44,000 tons of standard coal annually if fully implemented [1] Group 3: Green Manufacturing and Environmental Protection - Green factories in the organization account for over 40% of manufacturing output, positioning the industrial "green content" among the top in the country [2] - The organization is focusing on air pollution control and has implemented collaborative strategies to address pollution challenges, particularly during the heating season [3] Group 4: Pollution Control Investments - Since 2023, enterprises in the region have invested a total of 3.2 billion yuan in pollution control projects, with 17 key enterprises contributing 655 million yuan to enhance pollution reduction capabilities by 1,551 tons [4] - The organization has adopted a precise and scientific approach to pollution control, leading to continuous improvements in ecological environment quality [4] Group 5: Ecological Engineering Initiatives - The organization is actively engaged in ecological projects, such as the reed planting initiative in the Taklamakan Desert, aiming to expand the planting area to 100,000 acres over the next 3 to 5 years [5][6] - The organization has established a four-tier ecological protection system to combat desertification and enhance green coverage, with significant progress in afforestation and land restoration efforts [6]

（原标题：肯尼亚与中企合作新建水泥熟料生产线） 肯《星报》12月16日报道，肯总统鲁托16日在内罗毕见证了班布里水泥公 司与中材国际-中材建设有限公司（SINOMA–CBMI Construction Co. Ltd）位 于夸莱郡马图加的新建熟料生产线合同签署仪式。鲁托表示，对熟料生产的投 资是肯尼亚更广泛的转型议程的基础，水泥行业支撑着经济的关键部门，并指 出道路、发电厂、水坝、灌溉渠和工厂都严重依赖水泥。 ...

"万物基座，始于毫末" 掌舵华新水泥26载 华新建材集团股份有限公司 党委书记、总裁李叶青 以恒心守初心，以创新铸脊梁 书写了华新水泥从单一水泥工厂嬗变为 全产业链一体化的跨国建材集团 从百年老厂到世界巨头 他靠的不仅是战略 更是深入骨血的创新与坚守 破局：从"十字战略"到全球视野 "创新就是生命线！"李叶青主持取得23项重大科技成果、72项发明专利，两夺国家科技进步奖，发布行业首份《低碳发展白皮书》，探索新能源物流体 系，研制突破620兆帕超高强水泥基材料解决"无坝不裂"世界难题，首创水泥窑协同处置技术，处置固废超全国总量50%。 · · 燃 1999年，面对重重困境，35岁的李叶青临危受命，以"十字型"战略开辟新局：纵贯京广线，横穿长江经济带，深耕中部辐射全国。 行业低谷期，他提出"新四大战略"（海外多业务发展、国内一体化协同、碳减排及增值创新战略、数字化AI驱动战略），推动绿色化、智能化、国际化转 型。 华新由此脱胎换骨：产能从300万吨跃升至1.26亿吨，业务覆盖全球超20个国家，营收增长57倍，总资产突破700亿元，铸就中国制造业标杆。 创新：攻克世界难题 三峡大坝、雅鲁藏布江水电站等大国重器，都凝 ...

Investment Rating - The industry investment rating is "Positive" and maintained [12] Core Viewpoints - Real estate data continues to show weakness, with a focus on potential policy expectations in the future [6] - Cement shipments are experiencing seasonal declines, and glass prices are decreasing month-on-month [8] - For 2026, three main lines of focus are identified: stock chain, Africa chain, and AI chain [9] Summary by Relevant Sections Real Estate and Construction Data - From January to November, the sales of commercial housing decreased by 11.1% and the sales area by 7.8% year-on-year. In November alone, the sales value and area dropped by 25.1% and 17.3% respectively. The weak performance is attributed to a high base effect from last year's policy releases and weak actual demand [6][7] - New construction and completion data are also weak, with new housing starts down by 20.5% and completions down by 18.0% year-on-year from January to November [7] Cement and Glass Market - In December, cement demand weakened due to air pollution warnings, with an average shipment rate of 42% across key regions, down 1.7 percentage points month-on-month and 2.3 percentage points year-on-year. The average price of cement decreased by 0.2% month-on-month [8][25] - The domestic float glass market is seeing a downward price trend, with production capacity stable at 265 lines and daily melting capacity at 155,105 tons. Inventory levels are also being monitored closely [37][40] Future Outlook for 2026 - The stock chain focuses on optimizing demand and clearing supply, with a significant shift towards renovation demand expected to rise from 50% to nearly 70% by 2030. Recommended companies include Sanke Tree and Rabbit Baby [9] - The Africa chain highlights undervalued growth opportunities in the African market, with recommendations for companies like Keda Manufacturing and Huaxin Cement [9] - The AI chain emphasizes the upgrade of special electronic fabrics, with a focus on domestic leaders like Zhongcai Technology [9]

Group 1 - Goldman Sachs holds an optimistic view on the Chinese stock market, citing supportive policies and structural changes such as AI, globalization, consumption upgrades, and "anti-involution" policies as potential upward drivers for the market [1] - The Chinese stock market has achieved positive returns for two consecutive years, with A-shares and H-shares expected to rise by 16% and 29% respectively by 2025, primarily driven by valuation recovery [1] - By the end of 2027, the Chinese stock market is projected to have an additional 38% upside, with the driving factors shifting towards profit growth [1] Group 2 - Strong performance in service consumption and new consumer sectors, such as entertainment and specialty retail, has outpaced traditional consumer stocks in terms of profit growth and stock returns [2] - The "anti-involution" policy is expected to improve profit margins in industries facing overcapacity, such as solar energy and cement, through supply-side structural reforms and industry consolidation [2] - Domestic and foreign investment interest in the Chinese market is increasing, with record inflows from southbound funds and heightened participation from institutional investors and individual investors [2] Group 3 - The Chinese stock market offers diversification value for global investors, as it has a low correlation with US stocks and is deeply undervalued, making it a good choice for risk diversification [2] - The policy environment has established a solid foundation against downside risks, with macroeconomic and stock market policies effectively supporting growth and compressing equity risk premiums [2]

从资金流向上来看，当日水泥板块主力资金净流入1.01亿元，游资资金净流出8949.27万元，散户资金净 流出1147.43万元。水泥板块个股资金流向见下表： 证券之星消息，12月23日水泥板块较上一交易日上涨0.52%，海南瑞泽领涨。当日上证指数报收于 3919.98，上涨0.07%。深证成指报收于13368.99，上涨0.27%。水泥板块个股涨跌见下表： 以上内容为证券之星据公开信息整理，由AI算法生成（网信算备310104345710301240019号），不构成投资建议。 ...

Core Viewpoint - Huanxin Building Materials announced a plan for its major shareholder, Huanxin Group, to increase its stake in the company by investing between 200 million to 400 million RMB within six months [1] Group 1: Shareholder Actions - Huanxin Group, holding over 5% of Huanxin Building Materials, intends to purchase additional A-shares through the Shanghai Stock Exchange [1] - The total investment amount for the share buyback is set to be no less than 200 million RMB and no more than 400 million RMB [1] Group 2: Financial Performance - For the first half of 2025, Huanxin Building Materials' revenue composition is as follows: Cement 54.56%, Concrete 21.54%, Aggregates 17.22%, Others 4.21%, and Clinker 2.47% [1] - The current market capitalization of Huanxin Building Materials is 49.8 billion RMB [1] Group 3: Industry Context - The real estate sector is facing challenges, with a notable 20 billion RMB debt maturing and over 100 billion RMB in public debts due next year [1]

（编辑 丛可心） 证券日报网讯 12月22日晚间，福建水泥发布公告称，公司第十一届董事会第四次会议审议通过《关于 制定战略规划管理规定的议案》《关于制定投资管理规定的议案》《关于2026年度与实际控制人权属企 业日常关联交易的议案》等多项议案。 ...

港股上午盘三大指数涨跌不一，恒生指数、国企指数继续反弹，午间分别收涨0.18%及0.11%，恒生科 技指数跌0.42%。大型科技股走势分化整体波动不大，风电装机高景气，风电板块涨幅居前，建材水泥 股持续活跃，东吴水泥创历史新高；降息预期+地缘冲突，黄金股等有色金属股继续上涨行情。另外， 手游股、苹果概念股、新能源车企多数下跌。轻松健康首日上市半日收涨超145%。(格隆汇) ...