每经AI快讯，12月29日，中共甘肃省委关于制定国民经济和社会发展第十五个五年规划的建议发布， 其中提到，发展壮大战略性新兴产业。实施产业创新工程和新技术新产品新场景大规模应用示范行动， 打造一批战略性新兴产业集群。做强做大先进基础材料、关键战略材料，推动原材料产地向新材料基地 转变。坚持药械并重、仿制药创新药并行，以生物药、化学药、高端医疗器械、核医疗、医美、现代中 医药、药食同源等为重点发展方向，推动生物医药由单品种领跑转向多领域竞跑。统筹推进低空空域改 革、设施建设、设备制造和应用场景开发，引育无人机研发、制造、维修、应用、服务等产业链条，因 地制宜、稳妥有序发展低空产业。聚焦打造综合性商业航天母港，以商业火箭发射和回收场建设为依 托，发展壮大航空航天产业。 （文章来源：每日经济新闻） ...

钛媒体App 12月29日消息，国务院国资委党委书记、主任张玉卓在学习时报刊发文章《坚定不移做强做 优做大国有企业和国有资本》。其中提到，确保在现代化产业体系建设上取得新突破。中国式现代化的 物质技术基础是产业现代化。当前，全球经济增长所依托的支柱产业正在发生显著变化，我国经济增长 的动力也在加快转换。中央企业作为建设现代化产业体系的排头兵，必须立足实体经济、聚焦主责主 业，坚持智能化、绿色化、融合化发展方向，以编制实施国资央企"十五五"规划为契机，持续优化国有 经济布局，因企制宜培育发展新质生产力，加快传统产业转型升级，深化拓展"人工智能+"行动，通过 设备改造、技术攻关、产品升级、品牌建设等多种途径，进一步增加高端产品和服务供给，不断巩固提 升我国传统优势产业在全球产业分工中的地位和竞争力；更大力度布局发展新兴产业和未来产业，依托 焕新、启航行动，接续发力新能源、新能源汽车、新材料、航空航天、低空经济、量子科技、6G等重 点领域，积极发展平台经济，超前谋划具身智能、生物制造、海洋能、绿色船舶等前沿赛道；着力打造 市场化、专业化国有资本运作平台，构建覆盖种子期、天使期、成长期、母基金等全链条的产业投融资 体 ...

Core Viewpoints - The market is expected to experience a stable upward trend, with a potential for a red closing in the upcoming trading days despite minor fluctuations [3][10][15] Industry Comparison - The market has shown a consistent expectation for a rally in technology and dividend stocks since March 2023, indicating that the investment opportunities are shifting towards mid-cap blue-chip stocks after a four-year lull [4][16] Industry Allocation - Investment opportunities are identified in mid-risk stocks across three main lines: 1) The cyclical sector is undergoing a revaluation due to technological empowerment and supply constraints, with a focus on new materials, chemicals, metals, and agricultural products [5][17] 2) The consumer sector, which has been stagnant for years, is at a turning point with generally undervalued stocks and supply contraction, suggesting potential price increases [5][17] 3) The manufacturing sector is transitioning from mere "story speculation" to validating "orders and revenues," with attention on communication, electronics, power equipment, and machinery that show performance verification expectations [5][17] Thematic Investments - Key areas of focus include: - Aerospace satellites, which are becoming a short-term market focal point, with potential for increased volatility and significant IPO progress in satellite networks and commercial rockets [6][18] - Price increases in upstream sectors, driven by supply contraction and structural demand growth, particularly in non-ferrous metals and new energy industries [6][18] - Artificial intelligence, which has shown rotation across various segments but with lower-than-expected intensity, suggesting a need for continued monitoring [6][18] - Nuclear fusion, which is moving from theoretical research to engineering practice, indicating a potential for significant investment demand as commercialization progresses [6][18] Semiconductor Expansion and Domestic Substitution - Domestic wafer fabs are expected to expand production next year, and the capitalization processes of major domestic memory chip manufacturers are advancing, highlighting opportunities in domestic chip manufacturers and semiconductor materials [7][19] Solid-State Batteries - The solid-state battery sector has seen prolonged adjustments, but potential industry catalysts may emerge in the first quarter, warranting attention on the solid-state battery supply chain [7][19]

Core Viewpoint - The company, Huazhong Automotive (06830), has announced the establishment of a partnership to invest in emerging sectors such as new productivity, renewable energy, new materials, consumer goods, and healthcare, aiming to build a robust industrial ecosystem [1] Group 1: Partnership Details - The partnership agreement involves four parties: Ningbo Huazhong (indirect wholly-owned subsidiary), Ningbo Yangming, Ningbo Gongyun (limited partners), and Ningbo Xintao (general partner) [1] - The total capital contribution for the partnership is RMB 100 million, with Ningbo Huazhong contributing RMB 50 million [1] - Ningbo Xintao will act as the manager of the partnership [1] Group 2: Investment Focus - The partnership will focus on investments in pioneering companies within the sectors of new productivity, renewable energy, new materials, consumer goods, and healthcare, or other industries approved by the partners [1] - The strategy aims to cultivate innovative technologies, expand the company's business scope, and enhance its influence over upstream and downstream entities [1] Group 3: Expected Returns - The company anticipates significant returns through the appreciation of its equity value in the partnership and dividend distributions [1]

Core Insights - The central theme of the article emphasizes the importance of financial institutions in supporting key sectors such as domestic demand, technological innovation, and small and medium-sized enterprises (SMEs) to bolster the real economy [3] Group 1: Focus Areas - Financial institutions are encouraged to provide targeted support rather than a broad approach, ensuring resources are allocated to critical areas and weak links in the economy [4][6] - The Industrial Bank has developed a specialized financing plan for green factory equipment updates, providing 137 million yuan in loans to support the transformation of enterprises like Luozhou Group [5][6] Group 2: Innovative Services - The Construction Bank has introduced a "Technology Transformation Loan" of 10 million yuan for high-tech enterprises, which does not require traditional collateral, addressing the unique financing challenges faced by technology companies [8][10] - The bank's approach includes comprehensive services beyond credit support, such as assisting with payroll and connecting businesses with industry partners to enhance market access [10][11] Group 3: Technological Assistance - Financial technology advancements are reshaping banking services, allowing for digital approvals and online operations that cater to the needs of small and micro enterprises [12][13] - The digital banking model enables faster and more efficient service delivery, reducing the reliance on physical branches and traditional collateral requirements [15][16] Group 4: Collaborative Efforts - The article highlights the importance of multi-party collaboration in providing financial services tailored to the needs of technology-driven enterprises, moving away from traditional collateral-based lending [17][19] - Beijing Bank has established a collaborative mechanism to link various resources, including equity investment institutions and research institutes, to support the growth of technology companies [19][20]

Core Viewpoint - The Central Economic Work Conference emphasizes guiding financial institutions to enhance support for expanding domestic demand, technological innovation, and small and micro enterprises, highlighting the importance of precise financial resource allocation to key sectors and weak links in the economy [1]. Group 1: Focus Areas - Financial institutions are adopting a "precision drip irrigation" approach rather than a "flood irrigation" method to support major sectors and weak links, ensuring targeted financial assistance [2][4]. - The Industrial and Commercial Bank of China (ICBC) has developed a specialized financing plan for green factory equipment updates, providing 137 million yuan in loans to support enterprises like Luozhou Group in their green transformation efforts [2][3]. - The emphasis on financial support for the real economy has increased, with financial institutions like ICBC providing tailored project loans that facilitate equipment upgrades and technological advancements for companies [3][4]. Group 2: Innovative Services - Financial institutions are addressing the core pain points of financing for technology enterprises by offering customized products and precise services, such as the "Technology Transformation Loan" from China Construction Bank, which provides funding without requiring traditional collateral [6][7]. - The focus on "full-cycle companionship" in service innovation includes not only credit support but also comprehensive services that assist enterprises in daily operations and market expansion [7][8]. - The need for flexible support from banks, such as repayment plan adjustments and renewals, is crucial for technology enterprises facing cash flow pressures [8]. Group 3: Technology Empowerment - The advancement of financial technology is reshaping the service philosophy, models, and boundaries of banks, enabling them to provide 24/7 online services and integrate various financial services into a comprehensive ecosystem [12]. - Digital financial products, like the "Micro Business Loan" from WeBank, allow enterprises to access funds quickly and efficiently, reflecting the growing reliance on digital solutions in the financing landscape [10][11]. - The integration of AI and digital technologies in banking operations enhances efficiency and customer service, marking a significant shift towards AI-native banking [12]. Group 4: Collaborative Efforts - Multi-party collaboration is essential for effectively implementing technology finance services, moving beyond traditional collateral-based lending to accommodate the unique characteristics of technology enterprises [15]. - Beijing Bank has established a collaborative mechanism to link various resources, including partnerships with equity investment institutions and research institutes, to provide comprehensive support for technology enterprises [15]. - The approach of integrating financing with intelligence and resources creates a supportive ecosystem for technology enterprises, facilitating their growth and development [15].

Group 1 - The core viewpoint of the article emphasizes the commitment of the Yuhong District to implement the municipal government's decisions and strategies for economic development in 2026, focusing on practical execution and achieving significant results in revitalizing the region [1][2] - Yuhong District aims to enhance its logistics capabilities by developing a land port logistics hub and applying for a bonded logistics center, targeting international trade and cross-border e-commerce, as well as manufacturing enterprises with high railway logistics demands [1][2] - The district plans to accelerate the construction of key projects, including government-supported investments and ongoing projects in commercial aerospace and new materials, to stabilize economic growth [1][2] Group 2 - Yuhong District is focused on transforming its industrial structure by advancing traditional industries like equipment manufacturing and food processing, while also promoting emerging sectors such as new energy and low-altitude economy [2] - The district is committed to creating a first-class business environment by ensuring legal compliance and integrity, aiming for significant improvements in the business climate in the short term [2] - Yuhong District prioritizes enhancing the quality of life for its residents by improving employment services, educational infrastructure, and community development to address pressing social issues [2]

无锡太湖 ■圆桌对话 来自产业一线的企业家也发表了自己的见解。利元亨创始人卢家红认为，发展新质生产力的核心之一是 通过创新提升中国制造的"质"与"效"。力星股份实控人、总裁施波结合企业生命周期理论，指出对于正 处于成熟向再增长转型的关键节点的中国企业而言，发展新质生产力意味着开拓"第二增长曲线"，构筑 新的技术壁垒才能实现差异化竞争。太力科技董事长石正兵表示，发展新质生产力即"把科技创新转化 为产业创新，成为推动企业发展的动力"。 广东先知大数据股份有限公司董事长、首席科学家余旸从技术演进史的角度表示，新质生产力中的"质 变"，往往由颠覆性技术创新引发。回顾历史，这类机遇窗口期并不长。他以当前人工智能浪潮为 例，"颠覆性技术创新带来的变革期往往可能只有十年到十数年的时间窗口"。这意味着产业界必须准确 把握机遇，且充分应对随之而来的变革与挑战。 以关键环节"焕新"驱动产业跃迁 "新质生产力"如何照进现实？ 业界前瞻研判落地节奏与未来机会 ◎刘禹希 记者 严晓菲 12月26日，2025上证（无锡）新质生产力研讨会暨第七届上证最佳分析师评选颁奖仪式在江苏省无锡市 举行。在"产业迭代服务新质生产力"主题圆桌对话环节中 ...

Core Viewpoint - The article outlines the four developmental stages of China's new materials industry, emphasizing its evolution from "catching up" to "keeping pace" and ultimately "leading" in the global market, highlighting the importance of technological iteration and industrial upgrading [2][21]. Group 1: Development Stages - The new materials industry is characterized by four stages: 1. **Emerging Stage**: This is a critical window for China to achieve a "leapfrog" in new materials, where technologies are mostly in experimental stages, and Chinese companies show potential to "keep pace" or even "lead" in certain areas [4][5]. 2. **Early Growth Stage**: This stage is marked by high reliance on imports for core technologies and materials, with significant supply chain risks. The main task is to achieve breakthroughs from "0 to 1" [7][8]. 3. **Mid-Growth Stage**: The industry shows structural maturity with significant domestic production capacity. However, high-end products are still dominated by foreign companies, indicating a need for further breakthroughs in domestic high-end materials [10][11]. 4. **Mature Stage**: Chinese companies have established a competitive advantage in the global market, achieving import substitution and becoming key players in the global supply chain, with the ability to set industry standards [14][21]. Group 2: Key Characteristics of Each Stage - **Emerging Stage**: - Features include a lack of solidified technology routes and significant innovation potential, driven mainly by research institutions and startups [5][6]. - **Early Growth Stage**: - Characterized by high import dependency and long product validation cycles, making it difficult to enter downstream supply chains [8][9]. - **Mid-Growth Stage**: - The market is divided into low-end and high-end segments, with intense competition in the low-end market and foreign dominance in high-end products [11][12]. - **Mature Stage**: - Companies leverage scale, cost control, and supply chain efficiency to compete globally, with some becoming industry leaders [14][21]. Group 3: Future Outlook - The future of the new materials industry in China is expected to play a crucial role in manufacturing upgrades, renewable energy revolutions, and healthcare, aiming for a transition from a "material power" to a "material strong power" [22].

Core Viewpoint - The article discusses the rapid growth and investment opportunities in advanced packaging materials, highlighting the potential for domestic companies to replace foreign imports in this sector [7][8]. Market Overview - The global market for advanced packaging materials is projected to reach $2.032 billion by 2028, with the Chinese market expected to grow to 9.67 billion yuan by 2025 [8]. - Specific materials such as PSPI, epoxy resin, and conductive adhesives are identified as key growth areas, with significant market size and growth forecasts [8]. Investment Opportunities - The article outlines various advanced packaging materials and their respective market sizes, including: - PSPI: $528 million in 2023, expected to grow significantly [8]. - Conductive adhesives: projected to reach $3 billion by 2026 [8]. - Chip bonding materials: estimated at $485 million in 2023, with a forecast of $684 million by 2029 [8]. - Domestic companies like Dinglong Co., Guofeng New Materials, and others are positioned to capitalize on these growth opportunities [8]. Competitive Landscape - The article compares domestic and foreign companies in the advanced packaging materials sector, noting that while foreign firms like Fujifilm and Toray dominate, domestic players are emerging rapidly [8]. - The competitive dynamics suggest a potential shift towards domestic production as companies seek to reduce reliance on imports [7][8]. Investment Strategies - Different investment stages in the new materials industry are discussed, emphasizing the importance of assessing team capabilities, market potential, and product maturity at each stage [10]. - The article suggests that investments in more mature companies with established sales channels present lower risks and higher returns [10].