声明：市场有风险，投资需谨慎。本文为AI基于第三方数据生成，仅供参考，不构成个人投资建议。 本文源自：市场资讯 国家知识产权局信息显示，中国铁塔股份有限公司申请一项名为"数据优先级和冗余的优化方法、系 统、设备及存储介质"的专利，公开号CN121036837A，申请日期为2025年10月。专利摘要显示，本发 明属于卫星通信技术领域，尤其涉及一种数据优先级和冗余的优化方法、系统、设备及存储介质。方法 包括：接收待压缩的数据，根据数据特性进行动态压缩，得到数据包；基于数据包的属性确定优先级， 根据优先级确定对应数据包的传输策略进行传输；进行冗余内容自适应分析，对所述数据包进行增量缓 存并合并，得到实时完整数据；动态优化传输链路，若当前传输链路的信号强度低，则对当前传输的数 据进行所述冗余内容自适应分析。本发明通过结合动态压缩算法、事件驱动优先级管理、冗余内容分 析、分块传输以及链路优化策略，实现了短报文高效、可靠的传输。 作者：情报员 天眼查资料显示，中国铁塔股份有限公司，成立于2014年，位于北京市，是一家以从事土木工程建筑业 为主的企业。企业注册资本1760084.7102万人民币。通过天眼查大数据分析，中国 ...

Core Viewpoint - The manufacturing and construction PMIs showed slight recovery in November, yet remain below the expansion threshold, particularly the construction sector at its lowest level in five years, while the service sector experienced a notable decline during the off-peak consumption season [2][3] Manufacturing Sector - The manufacturing PMI rose by 0.2 to 49.2 in November, with most sub-indices improving, indicating a recovery in demand and stable production activities. The production index reached 50, up 0.3 from the previous month, and the new orders index increased to 49.2, up 0.4 [2] - The "two 500 billion" growth stabilization policies introduced at the end of September are expected to boost infrastructure and manufacturing investments in November. The new export orders index improved to 47.6, up 1.7, reflecting a stabilization in foreign trade due to the outcomes of US-China tariff negotiations [2] - The raw material purchasing price index rose to 53.6, up 1.1, while the factory price index increased to 48.2, up 0.7. However, the widening gap between raw material purchasing and finished product prices indicates a blockage in price transmission, which may hinder future profit recovery for enterprises [2] Service Sector - The service sector PMI fell to 49.5, down 0.7 from the previous month, marking the only decline among the three sectors. Following the concentrated release of consumer demand during the "Golden Week," various sectors such as retail, accommodation, transportation, and entertainment saw a decline due to high base effects from the previous month [3] - The financial sector's business activity index and new orders index both rose significantly, exceeding 55%, indicating strong performance. The service sector PMI expectation index remains at 55.9, suggesting potential recovery in consumer-related services in December due to year-end festivities and winter demand [3] Construction Sector - The construction PMI increased by 0.5 to 49.6, indicating some recovery in construction activities, yet it remains at the lowest level for the same period since 2019, reflecting ongoing weak demand in the industry [3] - The civil engineering business activity index remains above 52, indicating growth in civil engineering activities. The business expectation index improved by 1.9, suggesting that accelerated progress on key projects and the impact of policy financial tools may drive further growth in the construction sector [3] Future Outlook - In December, all sectors are expected to enter a year-end sprint phase, coinciding with important policy implementation and capital injection points. The anticipated demand increase from the "15th Five-Year Plan" and the backdrop of a phased US-China trade agreement may lead to a steady rise in the manufacturing PMI [4] - For the construction sector, an increase in the speed of capital injection related to infrastructure is expected in Q4, which may lay a solid foundation for growth stabilization [4] - The concentrated release of consumer-related demand during year-end festivities and winter is anticipated to boost the service sector in the coming month, with financial activities continuing to support the sector [4]

Group 1: Manufacturing Sector Overview - The manufacturing PMI for November is reported at 49.2%, an increase of 0.2 percentage points from October, but it has remained below the critical line for eight consecutive months [1] - The production index and new orders index for November are 50.0% and 49.2%, respectively, indicating improvements in both production and demand [4] - High-tech manufacturing PMI stands at 50.1%, remaining above the critical point for ten months, suggesting continued growth in this sector [4] Group 2: Economic Indicators and Market Sentiment - The production expectations index for November is 53.1%, reflecting increased confidence among manufacturing enterprises regarding market development [5] - The new export orders index has risen to 47.6%, up 1.7 percentage points from October, indicating a stabilization in manufacturing exports [5] - The overall manufacturing market demand is showing signs of recovery, with the new orders index increasing by 0.4 percentage points from October [5] Group 3: Price Trends and Inventory Levels - The purchasing price index for raw materials is at 53.6%, up 1.1 percentage points from October, indicating rising input costs [7] - The finished goods inventory index is at 47.3%, down 0.8 percentage points from October, suggesting smoother sales activities for enterprises [6] Group 4: Service Sector Performance - The non-manufacturing business activity index is reported at 49.5%, a decrease of 0.6 percentage points from October, indicating a slowdown in service sector activities [9] - The financial services sector shows strong performance, with business activity and new orders indices both exceeding 55%, indicating robust growth [13] - The construction industry business activity index has improved to 49.6%, up 0.5 percentage points from October, signaling a recovery in construction activities [14]

宏 观 研 究 出口带动低位改善 ——11 月 PMI 数据解读 投资要点： 宏 观 点 PMI 表现如何？11 月全国制造业 PMI 线下小幅回升，低于过去五年 同期中位数 0.9 个百分点，构成制造业 PMI 指数的五大分指数中，新订单、 生产、从业人员均有所上行，原材料库存持平，作为逆指数的供应商配送 时间有所上升。趋势变动情况看，供需同步改善，外需相对内需走强，需 求端库存积压有所缓解，利润整体向上游倾斜。企业类型看，大型企业景 气继续下滑，中小企业景气有所改善。 评 此外，有三点值得关注：一是关税缓和出口带动需求改善。10 月下旬 中美吉隆坡经贸磋商达成一年期的"对等关税"缓和和前期税率下调或对 出口有较好的短期提振，11 月新出口订单指数大幅回升，这一表现与 5 月 中美日内瓦经贸磋商、8 月中美斯德哥尔摩经贸磋商两次达成关税缓和后 新出口订单指数回升较为类似。二是两个价格指数均有上升或指向 PPI 环 比向上。特别是购进价格指数连续 5 个月位于荣枯线上，11 月进一步大幅 上升至年内新高，或指向 11 月 PPI 环比向上。三是基建活动有望加速。11 月建筑业新订单指数和业务活动预期指数均较上 ...

Manufacturing Sector - The manufacturing PMI for November 2025 is 49.2%, a slight increase of 0.2 percentage points from the previous month, but still below the seasonal level[2][5] - New export orders index rose significantly by 1.7 percentage points to 47.6%, driven by the easing of US-China tariffs and improved trade conditions[5][19] - Small enterprise PMI increased by 2.0 percentage points to 49.1%, marking a six-month high, indicating a recovery in the external trade environment[5][12] Non-Manufacturing Sector - The non-manufacturing PMI decreased to 49.5%, down 0.7 percentage points from the previous month, reflecting a decline in service-related activities post-holiday[2][28] - The construction PMI rose by 0.5 percentage points to 49.6%, indicating a low-level recovery in building activities, supported by ongoing infrastructure projects[32][34] Price and Inventory Dynamics - Raw material purchase prices and factory gate prices indices increased to 53.6% and 48.2%, respectively, showing an improvement in the supply-demand relationship[24][25] - The finished goods inventory index fell by 0.8 percentage points to 47.3%, indicating a faster reduction in inventory levels, which may support future price increases[24][27]

中国三峡建工（集团）有限公司，成立于1992年，位于北京市，是一家以从事土木工程建筑业为主的企 业。企业注册资本200000万人民币。通过天眼查大数据分析，中国三峡建工（集团）有限公司共对外投 资了21家企业，参与招投标项目2198次，财产线索方面有商标信息15条，专利信息1390条，此外企业还 拥有行政许可2个。 国家知识产权局信息显示，西安西电开关电气有限公司、中国三峡建工（集团）有限公司取得一项名 为"一种自能灭弧室"的专利，授权公告号CN114864331B，申请日期为2022年6月。 天眼查资料显示，西安西电开关电气有限公司，成立于2001年，位于西安市，是一家以从事电气机械和 器材制造业为主的企业。企业注册资本133918万人民币。通过天眼查大数据分析，西安西电开关电气有 限公司共对外投资了7家企业，参与招投标项目5000次，专利信息412条，此外企业还拥有行政许可70 个。 声明：市场有风险，投资需谨慎。本文为AI基于第三方数据生成，仅供参考，不构成个人投资建议。 来源：市场资讯 ...

中交第三航务工程局有限公司，成立于1984年，位于上海市，是一家以从事土木工程建筑业为主的企 业。企业注册资本602095.0987万人民币。通过天眼查大数据分析，中交第三航务工程局有限公司共对 外投资了124家企业，参与招投标项目5000次，财产线索方面有商标信息5条，专利信息2903条，此外企 业还拥有行政许可718个。 声明：市场有风险，投资需谨慎。本文为AI基于第三方数据生成，仅供参考，不构成个人投资建议。 国家知识产权局信息显示，三峡新能源阳江发电有限公司、上海勘测设计研究院有限公司、中交第三航 务工程局有限公司取得一项名为"一种用于海上导管架式风机基础施工用安全护栏"的专利，授权公告号 CN119308547B，申请日期为2024年11月。 天眼查资料显示，三峡新能源阳江发电有限公司，成立于2016年，位于阳江市，是一家以从事电气机械 和器材制造业为主的企业。企业注册资本1818100万人民币。通过天眼查大数据分析，三峡新能源阳江 发电有限公司参与招投标项目323次，专利信息139条，此外企业还拥有行政许可114个。 上海勘测设计研究院有限公司，成立于1997年，位于上海市，是一家以从事专业技术服 ...

Group 1 - Blue Ocean New Materials (Tongzhou Bay) Co., Ltd. has obtained a patent for "Preparation of Polyimide Film by Chemical Imidization Method and Its Continuous Production System and Process" with authorization announcement number CN120900545B, application date September 2025 [1] - Blue Ocean New Materials was established in 2024, located in Nantong City, primarily engaged in the petroleum, coal, and other fuel processing industries, with a registered capital of 800 million RMB [1] - The company has participated in 624 bidding projects and holds 6 patents, along with 16 administrative licenses [1] Group 2 - China National Petroleum Corporation (CNPC) was established in 1990, located in Beijing, primarily engaged in oil and gas extraction, with a registered capital of 48.69 billion RMB [1] - CNPC has made investments in 111 companies, participated in 5000 bidding projects, and holds 1446 trademark records and 5000 patent records, along with 28 administrative licenses [1] Group 3 - China Kunlun Engineering Co., Ltd. was established in 1986, located in Beijing, primarily engaged in civil engineering and construction, with a registered capital of 60.02 million RMB [2] - The company has invested in 5 enterprises, participated in 5000 bidding projects, holds 367 patents, and has 14 administrative licenses [2]

天眼查显示，近日，江西辰赋建设工程有限公司成立，法定代表人为朱振，注册资本4000万人民币，由 赣州嘉特建筑工程有限公司全资持股。 序号股东名称持股比例1赣州嘉特建筑工程有限公司100% 企业名称江西辰赋建设工程有限公司法定代表人朱振注册资本4000万人民币国标行业建筑业>土木工程 建筑业>其他土木工程建筑地址江西省赣州市章贡区五洲南大道1号江湾帝都（一期）赣州商贸城2-711 商铺企业类型有限责任公司(自然人投资或控股的法人独资)营业期限2025-11-28至无固定期限登记机关 章贡区市场监督管理局 来源：市场资讯 经营范围含许可项目：建设工程施工，水利工程建设监理，住宅室内装饰装修，建筑劳务分包，建设工 程设计，建设工程勘察，建设工程监理，施工专业作业，水利工程质量检测，公路管理与养护（依法须 经批准的项目，经相关部门批准后在许可有效期内方可开展经营活动，具体经营项目和许可期限以相关 部门批准文件或许可证件为准）建筑工程机械与设备租赁，体育场地设施工程施工，土石方工程施工， 园林绿化工程施工，工程技术服务（规划管理、勘察、设计、监理除外），工程和技术研究和试验发 展，工程管理服务，交通设施维修，机械设备租 ...

Group 1 - China Communications Construction Group Limited has obtained a patent for a "large mooring floating box steel box unit combination structure," with authorization announcement number CN120793067B, and the application date is September 2025 [1] - China Communications Construction Group Limited was established in 2005, located in Beijing, primarily engaged in civil engineering and construction, with a registered capital of 727,402.38 million RMB [1] - China Communications Construction Group Limited has invested in 25 companies, participated in 5,000 bidding projects, holds 162 trademark registrations, 17 patents, and possesses 9 administrative licenses [1] Group 2 - China Communications Fourth Navigation Engineering Bureau Limited, established in 1983 and located in Guangzhou, primarily operates in the road transportation industry, with a registered capital of 496,568.09 million RMB [1] - China Communications Fourth Navigation Engineering Bureau Limited has invested in 123 companies, participated in 5,000 bidding projects, holds 19 trademark registrations, 2,277 patents, and possesses 655 administrative licenses [1] - China Communications First Navigation Engineering Bureau Limited, established in 1985 and located in Tianjin, primarily operates in the construction installation industry, with a registered capital of 729,483.82 million RMB [2] - China Communications First Navigation Engineering Bureau Limited has invested in 114 companies, participated in 5,000 bidding projects, holds 4,488 patent registrations, and possesses 1,131 administrative licenses [2] Group 3 - Hainan Zhelian Steel Structure Group Limited, established in 2010 and located in Haikou, primarily operates in the metal products industry, with a registered capital of 38 million RMB [2] - Hainan Zhelian Steel Structure Group Limited has invested in 10 companies, participated in 9 bidding projects, holds 21 patent registrations, and possesses 16 administrative licenses [2]