长江商报消息 ●长江商报记者 刘倩雯 此外，食品价格上涨0.3%，影响CPI环比上涨约0.05个百分点。其中，节前消费需求增加，鲜果和虾蟹类价格分别 上涨2.6%和2.5%，天气条件相对较好，鲜菜价格上涨0.8%，涨幅低于季节性水平3.3个百分点，生猪产能较为充 足，猪肉价格下降1.7%。 同比维度上，CPI同比上涨0.8%，涨幅比上月扩大0.1个百分点，回升至2023年3月份以来最高，同比涨幅扩大主要 是食品价格涨幅扩大拉动。食品价格是主要拉动因素，当月食品价格同比上涨1.1%，涨幅较上月扩大0.9个百分 点，对CPI同比的上拉影响比上月增加约0.17个百分点。其中鲜菜和鲜果价格涨幅分别扩大至18.2%和4.4%，合计 贡献0.16个百分点的同比涨幅；牛肉、羊肉和水产品价格涨幅同步扩大，进一步巩固了食品价格的上涨态势。尽 管猪肉价格仍同比下降14.6%，但降幅已略有收窄，市场供需趋于平衡。 能源价格下降3.8%，降幅比上月扩大0.4个百分点，其中汽油价格降幅扩大至8.4%。扣除食品和能源价格的核心 CPI同比上涨1.2%，涨幅连续4个月保持在1%以上。服务价格上涨0.6%，影响CPI同比上涨约0.25个百分 ...

Group 1 - Alibaba-W (09988) increased by over 4.7% following the announcement of an investigation into the competitive landscape of the food delivery platform service industry by the State Council's Anti-Monopoly and Anti-Unfair Competition Committee [1] - Jiumaojiu (09922) rose nearly 3% after reporting a decline in same-store daily sales for its brands, with Taier, Songhuo Hotpot, and Jiumaojiu showing year-on-year decreases of 3.0%, 19.0%, and 16.4% respectively [2] - Xixiangfeng Group (02473) surged over 8% after announcing a strategic cooperation agreement with New Stone Technology, focusing on areas such as autonomous vehicle procurement and market promotion [3] - COSCO Shipping Energy (01138) increased by over 7.2% due to reports of the U.S. government's indefinite control over Venezuelan oil circulation and sales [4] Group 2 - Weilong Delicious (09985) rose over 2% as Goldman Sachs highlighted management's guidance for over 15% year-on-year revenue growth in FY2025, with a net profit margin between 18% and 20% [5] - Li Fu China (02136) surged by over 26.8% after announcing a board meeting to consider and approve the declaration of a special dividend to shareholders [6] - Kuaishou-W (01024) increased by over 5.8%, with a cumulative rise of over 20% in the month, driven by the popularity of its AI features on global social media platforms [7] - CATL (03750) fell nearly 3% as lithium carbonate prices surged past multiple thresholds, reaching 150,000 yuan per ton [8] Group 3 - Yidu Tech (02158) saw its stock price rise by over 8.8% after the approval of a key laboratory for the development of a multi-modal intelligent diagnosis and treatment system [9] - LFG Investment Holdings (03938) skyrocketed over 123.6% after announcing the transfer of 61.43% equity from its former major shareholder to an independent third party [10] Group 4 - Aktis Oncology (AKTS.US) debuted on the U.S. market with a rise of over 24.44%, focusing on developing alpha particle radiopharmaceuticals for common solid tumors [5] - Atlas Critical Minerals (ATCX.US) fell 41.33% after transitioning from OTCQB to NASDAQ, despite being an upgrade [6] - Critical Metals (CRML.US) rose 11.17%, with significant gains over the past week, driven by the approval of a new facility in Greenland [7] - Semiconductor equipment and materials stocks saw a broad increase, with ASML (ASML.US) reaching a historical high [8]

Group 1 - A total of 7 stocks received buy ratings from brokerages on January 9, with 1 stock announcing a target price [1] - Based on the highest target price, XCMG's target price indicates a potential increase of 33.22% [1] - Among the stocks with buy ratings, 4 maintained their ratings while 3 received ratings for the first time [1] Group 2 - The sectors with the highest number of stocks receiving buy ratings include Automotive and Auto Parts (3 stocks), Capital Goods (2 stocks), and Food, Beverage, and Tobacco (1 stock) [1]

在开展涉粮食安全犯罪打击方面，四川公安组织开展"守护天府粮仓2025"专项打击，共侦办相关刑事案 件18起。 聚焦川酒"金招牌"，四川公安会同市场监管等部门开展集中攻坚和跨省收网，与重庆、贵州等省（市） 公安机关建立跨区域协作机制，共侦办相关刑事案件92起，捣毁生产、仓储、销售窝点198处，打掉犯 罪团伙103个，涉案金额5.8亿元。 针对校园食品安全问题，四川公安加强与教育、市场监管等部门协同，联合开展研判，共侦办相关刑事 案件26起。 1月9日，在"向人民报告"新闻发布会上，公安厅环食药侦总队总队长张荣洪对四川公安在打击危害食品 安全犯罪、强化知识产权刑事保护方面取得的成果成效进行了介绍。 2025年，四川公安会同市场监管、农业农村等部门，以"零容忍"态度严打食品领域犯罪，共侦办相关刑 事案件486起，1起案件被公安部评为全国十大精品案件。 针对制售假劣肉制品犯罪，四川公安组建专业战队，强化快检抽查，开展研判攻坚，开展两波次集群打 击，共侦办相关刑事案件249起。 2025年，四川公安共立案侦办假冒商标、侵权盗版、侵犯商业秘密等各类侵犯知识产权和制售伪劣商品 犯罪案件934起，其中9起被公安部列为典型案例 ...

丨证券研究报告丨 分析师及联系人 [Table_Author] SAC：S0490524080003 SFC：BVN394 赵增辉 马玮健 固定收益丨点评报告 [Table_Title] 工业消费品带动物价温和修复 ——2025 年 12 月 CPI 和 PPI 点评 报告要点 请阅读最后评级说明和重要声明 [Table_Summary] 2025 年 12 月，国内物价在输入性因素及节前消费的支撑下超预期改善，核心 CPI 同比涨幅持 平在 1.2%，PPI 同比降幅收窄。展望 2026 年，上半年食品 CPI 或仍将受猪价拖累，但服务项 有韧性，以及工业消费品项有"反内卷"与国际金属涨价周期的支撑，低基数效应下物价或延 续温和回升，中性预计 PPI 同比增速将在四季度回正。今年债市或在物价温和修复的环境下运 行，我们维持长债震荡偏弱的观点，10Y 国债收益率预计在 1.8%-1.9%区间震荡，债市的阶段 性修复机会或需等到一季度偏后半段。 %% %% %% %% research.95579.com 1 [Table_Title 工业消费品带动物价温和修复 2] ——2025 年 12 月 CPI 和 P ...

想象一下 ， 你回家 把 灯光 、 音乐 、 温度 ， 自动调节到你最舒服的状态 。 这 种懂 ， 就是机会 。 未来10年，最挣钱的注定是这群懂用户需求的人。 个性化定制 、 情绪互动 、 安全隐私，这些都是 AI 质感空间背后的巨大市场，它考验的是如何让科技真正服务于人的情感需求 。 内容来源：刘润公众号（runliu-pub） 此前 ，亚马逊发布了《 2025全球电商消费趋势及选品洞察报告 》 。 作为全球最大电商平台之一， 亚马逊的报告被很多商家 作为 选品指南针和商机 检测仪 。 趋势 一： AI 质感空间 现在， 家 ， 正在从一个物理空间 ， 变成一个有感知力，能与你情感互动的伙伴。 全球超过 65%的欧美消费者 ， 愿意为智能家居花更多钱 。 他们 买的是什么？是安全感 、 仪式感 ， 是那种被理解被关怀的小确幸 。 趋势二 梦想之 舱， 名字好听，指向的却是一个很多人都面临的扎心问题 —— 睡个好觉 。 晚上 11点，老板还在群里消息轰炸 。 好不容易应付完老板 ， 脑子里却还全是工作 ， 辗转反侧到一点多睡不着，半夜惊醒好几次，早上 六 七 点 ， 又要起床赶地铁。 数据显示，美国 37% ...

宏观研究 证 券 研 究 报 告 【宏观快评】2025 年 12 月通胀数据点评 物价：回顾 2025，展望 2026 主要观点 ❖ 回顾 2025 物价之整体形势：低位筑底 1、2025 年 12 月物价继续改善。CPI 同比从 0.7%升至 0.8%，预期 0.75%；核 心 CPI 同比高位持平于 1.2%；PPI 同比从-2.2%收窄至-1.9%，预期-2%。 2、季度来看，2025 年 CPI 同比前低后高，核心 CPI 同比逐季上行，PPI 同 比 V 形走势。2025 年 4 季度，CPI 食品、核心 CPI 和 PPI 的同比均为年内高 点，预计 4 季度 GDP 平减指数约-0.4%，1-3 季度分别为-0.8%、-1.2%、-1%。 3、年度来看，结合后续展望，2025 年物价或是低位筑底。CPI 同比 0%，小幅 低于 2023-24 年的 0.2%。核心 CPI 同比 0.8%，高于 2024 年的 0.5%。PPI 同 比-2.6%，低于 2024 年的-2.2%。GDP 平减指数约-0.9%，2024 年为-0.7%。 ❖ 回顾 2025 物价之 CPI：从普遍性走弱到结构性好转 ...

Group 1: Market Trends - The spring market's main rising phase may see a rebound in growth sectors, particularly those with low valuation sentiment and significant future financing inflows[1] - Historical data shows that during the main rising phases, the Shanghai Composite Index has increased by approximately 4% to 22%, averaging around 19 trading days[10] - Key sectors that performed well during previous main rising phases include media, electronics, and non-ferrous metals, which experienced substantial financing inflows[1] Group 2: Sector Performance - In the current spring market, technology growth sectors such as media, computing, and pharmaceuticals are expected to rebound due to low valuations and sentiment[2] - Financing inflows since December 17, 2025, have been significant in sectors like electronics, non-ferrous metals, and defense, driven by ongoing industry trends[18] - The main rising phase typically sees theme indices outperforming primary industry indices, with notable gains in sectors like integrated circuits and digital marketing[42] Group 3: Economic Indicators - Short-term economic recovery remains weak, with CPI growth recorded at 0.8% and PPI at -1.9%, indicating a gradual improvement in industrial profitability[23] - The short-term liquidity environment is expected to loosen further, with potential interest rate cuts from the Federal Reserve and domestic central bank actions[31] - Risk appetite is likely to increase due to positive policy implementations and limited overseas risks, such as the anticipated Fed rate cut[38]

Core Viewpoint - The Shanghai Municipal Government has released a three-year action plan (2026-2028) to support the transformation and upgrading of advanced manufacturing, focusing on structural optimization, innovation, and resource support. Group 1: Action Plan Overview - The action plan aims to add 100 manufacturing enterprises with an annual output value exceeding 1 billion yuan by 2028, totaling over 600 such enterprises, and to drive the addition of 500 large-scale industrial enterprises in the supply chain [2] - The plan emphasizes the development of new-generation electronic information, smart connected vehicles, high-end equipment, advanced materials, and green low-carbon industries [2][3] Group 2: Key Industry Focus - The action plan encourages investment in emerging fields such as low-altitude economy, commercial aerospace, embodied intelligence, biomanufacturing, and smart terminals, aiming to overcome bottlenecks in the industrial scale development of innovative products like eVTOLs, commercial rockets, and humanoid robots [1][2] - It supports integrated circuit companies to achieve breakthroughs across the entire industry chain, focusing on equipment, advanced processes, and materials [2] Group 3: Innovation and Research Support - The plan proposes financial incentives for companies increasing their basic research investments, with subsidies ranging from 200,000 to 1 million yuan based on the level of investment [4][5] - It encourages the establishment of research centers and collaboration with universities and research institutions to enhance technological innovation [5] Group 4: Digital and Intelligent Manufacturing - The action plan includes initiatives to promote AI in manufacturing, aiming for large enterprises to achieve full coverage of digital applications by 2027 and to increase robot density to 600 units per million people by 2028 [5][6] - It outlines a new round of smart factory initiatives, targeting a 70% digitalization level for smart manufacturing equipment by 2028 [5] Group 5: Green Transformation and Financial Support - The plan emphasizes green transformation, encouraging the development of low-carbon products and providing financial rewards for energy-saving upgrades [6] - It aims to create over 100 national-level green factories by 2028, with initial recognition receiving a one-time reward of 200,000 yuan [6] - Financial institutions are encouraged to offer lower-interest loans and customized insurance services for key technological equipment and new materials [6]

Core Viewpoint - The article emphasizes the proactive measures taken by the Lianxi District Market Supervision Administration to ensure consumer rights and safety during the upcoming Spring Festival, focusing on fair trading and quality assurance in essential goods [1]. Group 1: Market Regulation Measures - The Lianxi District Market Supervision Administration is implementing strict regulations on supermarket pricing scales, particularly in fresh produce and grain oil sections, to prevent cheating and ensure fair transactions [3]. - Enforcement personnel are verifying the validity of pricing scale certificates and conducting accuracy checks using standard weights to combat the "short weight" phenomenon [3]. Group 2: Food Safety Assurance - Given the high consumption of pork during the festival, the administration is closely monitoring the entire pork sales chain, ensuring that vendors possess valid certifications and that the pork's origin and quality are traceable [5]. - Detailed checks are being conducted on purchase records to prevent substandard pork from entering the market, thereby safeguarding food safety for consumers [5]. Group 3: Heating Product Safety - With the peak demand for heating products in winter, the administration is conducting mandatory CCC certification checks on electric blankets and heaters, ensuring compliance with safety standards [7]. - Enforcement personnel are verifying that products display clear CCC certification marks and that all necessary documentation is complete and accurate [7]. Group 4: Ongoing Regulatory Commitment - The Lianxi District Market Supervision Administration plans to maintain regular inspections in key areas to enhance regulatory effectiveness and respond to consumer needs, aiming to improve the overall consumer experience during the festival [7].