Core Viewpoint - The "14th Five-Year Plan" period is a critical phase for state-owned enterprises to deepen reforms and cultivate new productive forces, with a significant opportunity for the new materials industry to advance towards high-end, intelligent, and clustered development [1] Group 1: Strategic Development - Shandong Energy New Materials Company aims to become a leading new materials industry group, focusing on a dual-driven strategy of extending, supplementing, and strengthening the industrial chain while optimizing existing resources and pursuing mergers and acquisitions for growth [2][4] - The company has achieved a 217% increase in total assets since its establishment, demonstrating significant growth and development in the new materials sector [1] Group 2: Industry Clusters and Innovations - The company has successfully established four major industrial clusters: high-end chemical new materials, fiber composite new materials, calcium-based new materials, and optoelectronic new materials, contributing to the high-quality development of the new materials industry [2][3] - The introduction of advanced projects, such as a 300,000-ton high-performance glass fiber manufacturing project and a megawatt-level perovskite solar cell production line, showcases the company's commitment to seizing opportunities in high-end markets [2][4] Group 3: Capital Operations and Mergers - During the "14th Five-Year Plan," the company has actively engaged in capital operations, successfully completing the restructuring of Qixiang Group, which added a platform with nearly 30 billion yuan in total assets to the new materials sector [5][6] - The restructuring process involved strategic decision-making and effective communication with stakeholders, demonstrating the company's ability to turn challenges into opportunities [6][7] Group 4: Digital Transformation and Smart Manufacturing - The company is prioritizing digital transformation as a strategic choice to gain competitive advantages, integrating new information technologies with manufacturing processes to create intelligent manufacturing models [8][9] - The implementation of smart factories, such as the "black light factory" model, has significantly improved production efficiency and reduced labor costs, exemplifying the shift from traditional manufacturing to intelligent manufacturing [9] Group 5: Reform and Efficiency Enhancement - The company is committed to deepening reforms and enhancing efficiency by streamlining management structures and optimizing resource allocation, resulting in a 25% reduction in departmental numbers [11][12] - Non-core business integration has been a focus, with the company successfully consolidating and managing resources to strengthen its main business and improve operational efficiency [12] Group 6: Cultural and Organizational Development - The company emphasizes the integration of party leadership into corporate governance, ensuring that high-quality party building supports the overall development of the enterprise [13][14] - Initiatives to enhance employee welfare and engagement, such as financial support for struggling families and wellness programs, have contributed to increased employee satisfaction and loyalty [15] Group 7: Future Outlook - Looking ahead, the company aims to continue its focus on enhancing core functions and competitiveness, leveraging its four major clusters to contribute to the development of strategic emerging industries [16]

Core Viewpoint - Weifang Comprehensive Bonded Zone aims to become a trillion-level city and a significant economic growth pole in northern Shandong, focusing on high-level openness and high-quality development [1]. Group 1: Industrial Support - The Weifang Comprehensive Bonded Zone is positioned as an "open-type industrial agglomeration area," focusing on core industries such as virtual reality, intelligent manufacturing of automotive equipment, new materials, and bonded processing of imported grain and oil [2]. - The high-tech industry accounts for over 90% of the output value in the bonded zone, with a notable transformation from "single champions" to "industrial clusters" [3]. Group 2: Cross-Border Trade - The bonded zone employs a "cross-border e-commerce + industrial belt" model, creating a full-chain platform for incubation, rapid customs clearance, and exhibition sales, enhancing the "cross-border e-commerce looks at bonded" brand [4]. - The TIR "China-Russia" international road transport customs clearance business was successfully implemented, with TIR business import and export value accounting for over 70% of Weifang's total [4]. Group 3: Logistics and Consumption - The international logistics channels have fostered diverse cross-border consumption new formats, with over 10,000 imported products showcased in the "Weifang Imported Goods Purchase" exhibition center [6]. - The bonded zone has established a comprehensive service center for enterprises, streamlining 296 service items for foreign trade enterprises, significantly reducing processing times [7][10]. Group 4: Open Environment - The bonded zone is committed to building a multi-dimensional open channel system, enhancing the efficiency of customs clearance through innovative mechanisms and integrated service models [11]. - The implementation of smart supervision and pre-inspection has improved the efficiency of customs clearance, allowing goods to be dispatched on the same day, saving 1-3 days for overseas consumers [11].

从基金十大重仓股角度 数据显示，天弘基金旗下1只基金重仓骏鼎达。天弘新兴产业混合发起A（021623）三季度减持2900 股，持有股数4360股，占基金净值比例为2.4%，位居第五大重仓股。根据测算，今日浮盈赚取约3749.6 元。 12月31日，骏鼎达涨1.09%，截至发稿，报79.51元/股，成交4712.67万元，换手率1.94%，总市值62.34 亿元。 资料显示，深圳市骏鼎达新材料股份有限公司位于广东省深圳市宝安区沙井街道民主西部工业园E区2 栋工业厂房，成立日期2004年9月8日，上市日期2024年3月20日，公司主营业务涉及高分子改性保护材 料的设计、研发、生产与销售。主营业务收入构成为：功能性保护套管74.34%，其他25.66%。 天弘新兴产业混合发起A（021623）基金经理为邢少雄。 截至发稿，邢少雄累计任职时间1年183天，现任基金资产总规模1701.89万元，任职期间最佳基金回报 43%， 任职期间最差基金回报41.73%。 风险提示：市场有风险，投资需谨慎。本文为AI大模型自动发布，任何在本文出现的信息（包括但不 限于个股、评论、预测、图表、指标、理论、任何形式的表述等）均只作为参 ...

科创板的苏州"高光"背后，是耕植苏州经济沃土的科创企业群体。 科创板主要服务于符合国家战略、突破关键核心技术、市场认可度高的科技创新企业，重点支持新 一代信息技术、高端装备、新材料、新能源、节能环保以及生物医药等高新技术产业和战略性新兴产 业。历时6年多的发展，苏州以创新"硬实力"在这个专为科创企业服务的资本市场板块上找准了立足 点。 2019年7月22日，科创板"开板"，苏州同时有三家企业完成闪亮"首秀"。昨天（12月30日），苏州 企业强一股份登陆科创板，成为科创板的第600家上市企业。至此，苏州科创板上市企业达到58家，占 科创板企业总数的9.6%。 "苏州成色"不断提升 目前，苏州科创板上市公司58家，位列全国第三，IPO融资总金额达720亿元。科创板的"苏州成 色"可谓越来越足，苏州企业的"科创成色"也越来越足。 细分这58家苏州科创板公司的行业类别可以发现，其中新一代信息技术产业29家，占了一半。此 外，还有高端装备制造产业9家、生物医药产业8家、新材料产业8家、新能源产业3家、节能环保产业1 家，都有着各自的科创属性。 整体来看，科创板苏州企业表现出良好的成长性。今年前三季度，苏州科创板上市企业 ...

Core Insights - The "14th Five-Year Plan" period prioritizes the construction of a modern industrial system, marking a strategic shift from single-point technological breakthroughs to systematic industrial upgrades [6][19]. - The new energy industry is transitioning from a focus on installed capacity to building a "source-grid-load-storage" collaborative system, emphasizing dynamic balance between production and consumption [7]. - The aerospace sector is developing a dual-driven model of national engineering and commercial space, with large aircraft industrialization and commercial space driving the scale and capability of the industry chain [8]. - Future industries such as 6G and quantum technology place China in the global leading tier of R&D, aiming to seize the high ground in technology standards and industrial ecosystems through forward-looking layouts [9]. - The transformation of traditional industries emphasizes not only greening and intelligentization but also explicitly promotes "service-oriented manufacturing," guiding the manufacturing sector to extend services throughout the product lifecycle [10]. Group 1: Modern Industrial System - The construction of a modern industrial system is the primary task of the "14th Five-Year Plan," highlighting its core position as a foundation for new era development [19][20]. - The modern industrial system consists of three parts: upgrading traditional industries, developing emerging pillar industries, and strategically laying out future industries [20]. Group 2: Emerging Pillar Industries - The cultivation of emerging pillar industries is positioned as the strategic core of the modern industrial system, providing a strong new growth engine for high-quality development [23]. - Key emerging pillar industries include new energy, new materials, aerospace, and low-altitude economy, which are expected to drive explosive growth in multiple trillion-level markets [23]. Group 3: New Energy - The new energy sector has evolved into a comprehensive ecosystem encompassing "production, storage, transmission, and application," with a strategic significance in ensuring national energy security and achieving carbon neutrality [24]. - As of the end of 2024, China's cumulative installed capacity of new energy reached 1.41 billion kilowatts, maintaining a global leading position [25]. - The annual new installed capacity during the "14th Five-Year Plan" period is expected to remain around 30 million kilowatts [25]. Group 4: New Materials - The new materials industry in China has rapidly grown, with total output value exceeding 8 trillion yuan in 2024, but still faces structural challenges with about 30% of key high-end materials relying on imports [34]. - Significant breakthroughs are being made in various fields, including third-generation semiconductor materials and high-end alloys for aerospace applications [39]. Group 5: Aerospace - The aerospace sector has formed a dual-driven model of national major projects and commercial markets, with the C919 large aircraft and commercial space rapidly developing [42]. - The market size of China's aerospace manufacturing industry is expected to reach 601.7 billion yuan by 2025, with a compound annual growth rate of approximately 14.05% [42]. Group 6: Low-altitude Economy - The low-altitude economy, driven by various manned and unmanned aerial vehicles, is expected to reach a scale of 505.95 billion yuan in 2023, with a year-on-year growth of 33.8% [50]. - The market is projected to exceed 1 trillion yuan by 2026, with a compound annual growth rate of approximately 29.6% from 2021 to 2026 [50]. Group 7: Future Industries - Future industries represent cutting-edge technological and industrial development directions, including quantum technology, biomanufacturing, hydrogen energy, and brain-computer interfaces [61]. - The quantum technology sector is expected to grow significantly, with the industry scale projected to reach approximately 80 billion USD by 2024 and potentially near 1 trillion USD by 2035 [64].

Core Viewpoint - The "14th Five-Year Plan" outlines strategic opportunities and challenges for China's economic and social development, emphasizing high-quality growth and a focus on various key sectors [2][3]. Economic Opportunities - The plan identifies numerous new opportunities, including the development of a modern industrial system and the strengthening of the real economy, with specific mentions of sectors such as mining, metallurgy, chemicals, and advanced technologies [3]. - The goal is to achieve significant results in high-quality development, with economic growth maintained within a reasonable range and an increase in domestic consumption driving economic growth [2][3]. Economic Challenges - Challenges include unbalanced development, insufficient effective demand, and pressures on employment and income growth, which need to be addressed to convert challenges into opportunities [4]. - The plan sets a target for per capita GDP to reach the level of moderately developed countries by 2035, requiring an average annual GDP growth of approximately 4.17% from 2025 to 2035 [4]. Consumer Income and Spending - The plan aims to increase residents' income through various channels, including wage, operational, property, and transfer income, with a focus on enhancing the share of labor remuneration in national income distribution [7][11]. - There is an emphasis on improving the structure of income distribution to promote a more reasonable allocation of income among residents [7]. Investment and Consumption - The plan suggests that increasing government spending on social welfare and implementing direct consumer support policies will enhance residents' consumption capacity [8][11]. - The importance of stabilizing the stock market to increase residents' property income and subsequently boost consumption is highlighted [14]. Capital Market Development - The stability of the capital market is crucial for enhancing investor confidence and ensuring sustainable income growth, which in turn affects consumer behavior [14][15]. - Encouraging long-term funding sources for technological innovation is essential for fostering a robust capital market and supporting economic growth [15][18]. Technological Innovation and Global Competitiveness - The plan emphasizes the need for China to cultivate high-quality listed companies with international competitiveness, particularly in the technology sector, to participate in global competition [18]. - The focus is on creating a favorable investment environment for companies to grow and attract long-term capital into the market [18].

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。 一、交易情况概述 深圳市力合科创股份有限公司（以下简称"公司"）分别于2025年12月8日、2025年12月25日召开第六届 董事会第十九次会议和2025年第五次临时股东会，审议通过了《关于转让子公司部分股权暨关联交易的 议案》，根据经营发展需要，公司全资子公司深圳市通产丽星科技集团有限公司（以下简称"丽星科 技"）将其持有的深圳市八六三新材料技术有限责任公司（以下简称"八六三"）81%股权通过协议转让 至深圳赛格股份有限公司（以下简称"深赛格"）持有，交易金额为人民币9,752.40万元。具体内容详见 公司于2025年12月9日、2025年12月26日在巨潮资讯网（www.cninfo.com.cn）披露的《关于转让子公司 部分股权暨关联交易的公告》（公告编号：2025-058号）和《2025年第五次临时股东会决议公告》（公 告编号：2025-063号）。 登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：002243 证券简称：力合科创 公告编号：2025-064号 深圳市力合科创股份有限公司 关于 ...

Core Viewpoint - The company, Zhejiang Huazheng New Materials Co., Ltd., is set to sign a monetary compensation agreement for the relocation of its employee dormitory due to a local urban renewal project, with a total compensation amount of approximately RMB 34.62 million [2][4]. Group 1: Transaction Overview - The relocation is necessitated by the construction of the organic renewal project in the Jin Xing Industrial Park, with a total land area of 2,762.60 square meters and a building area of 7,261.48 square meters [2][4]. - The total compensation amount for the relocation is RMB 34.624313 million, which includes compensation for industrial real estate and equipment [2][11]. - The transaction does not constitute a related party transaction or a major asset restructuring and does not require shareholder approval [3][6][15]. Group 2: Financial Impact - The relocation is expected to positively impact the company's future operations and financial status, with an anticipated increase in pre-tax net profit of approximately RMB 21 million, subject to audit confirmation [14]. - The company will handle accounting treatment in accordance with accounting standards, ensuring that the financial implications are accurately reflected [14]. Group 3: Agreement Details - The agreement will be signed after the board's approval, and the payment will be structured in three installments: 50% within 15 days of signing, 25% after the property is vacated, and the final 25% after property rights cancellation [12][15]. - The transaction involves a government entity as the counterparty, which is deemed capable of fulfilling the payment obligations as per the agreement [13].

广东弘景光电科技股份有限公司 江苏天工科技股份有限公司 申万宏源集团股份有限公司 三维协同 以全周期服务护航新质生产力发展 ——证券行业服务科技创新调研之申万宏源样本 站在"十五五"即将开启的重要历史节点，资本市场服务新质生产力的路径日益清晰。随着制度创新持续 深化、耐心资本规模壮大、专业服务能力提升，证券行业将进一步打通"科技—产业—金融"的良性循 环，为高水平科技自立自强提供坚实支撑，为中国式现代化注入更强劲的资本动能 ◎记者 徐蔚 常佩琦 弘景光电车间内，搭载4800万像素超高清广角镜头的摄像模组正有序下线，即将成为影石创新全景相机 的核心部件；天工股份智能生产基地里，钛合金粉材生产线高速运转，为航空航天、医疗器械、消费电 子等战略性新兴产业提供更加稳定、安全和高性能的新材料支撑。 从光学技术突破到新材料产业化，这些企业的成长离不开资本市场的专业支持。申万宏源证券立足"产 业资本赋能平台与资本市场桥梁"的定位，以"产研+投资+投行"三维协同模式，衔接科技、资本、产 业，用全周期综合金融服务为科技创新"浇水施肥"，让新质生产力在资本市场沃土中加速成长。 科创板、创业板改革向纵深推进，北交所专精特新培育体系 ...

2019年7月22日，苏州企业华兴源创作为"科创板第一股"闪亮登场，与另外两家苏州企业共同完成科创 板"首秀"；2025年12月30日，苏州企业强一股份成功登陆科创板，成为科创板第600家上市公司，为资 本市场再添"苏州力量"。 历时六年多深耕，苏州科创板上市公司已达58家，占全国科创板总数9.6%，位列全国第三；IPO融资总 金额超720亿元，总市值约6700亿元，位居全国第四，形成了"数量领跑、质量过硬、生态完备"的资本 市场发展格局，成为苏州经济转型升级的重要引擎。 "科创军团"提质扩容 作为全国科创企业集聚高地，苏州打造的"科创军团"可谓"兵强马壮"。 从行业分布来看，58家科创板上市公司中，新一代信息技术产业达到29家，占据半壁江山；高端装备制 造、生物医药、新材料产业各有9家、8家、8家，新能源产业3家，节能环保产业1家，全面覆盖科创板 重点支持领域。 在关键核心技术领域，苏州企业不断实现"从0到1"的突破："科创板第一股"华兴源创打破半导体检测领 域国际垄断，更以产业资本入局磁悬浮工业传输领域，开启战略延伸；阿特斯依托大型储能先发优势， 前三季度储能产品出货量达5.8GWh，同比增长32%，在海 ...