红星资本局12月12日消息 12月10日至11日，中央经济工作会议在北京举行，分析当前经济形势，部署 2026年经济工作。 会议明确了2026年经济工作中的八大重点任务，包括坚持内需主导，建设强大国内市场；坚持创新驱 动，加紧培育壮大新动能等。 明年经济工作都有哪些关键词？红星资本局对会议的多项要点进行了梳理。 图据 图虫创意 政策基调新表述： 稳中求进、提质增效 会议提出，明年经济工作在政策取向上，要坚持稳中求进、提质增效，发挥存量政策和增量政策集成效 应，加大逆周期和跨周期调节力度，提升宏观经济治理效能。 民生银行首席经济学家温彬称，政策总基调通常将"稳中求进、以进促稳"作为固定搭配，今年提出"稳 中求进、提质增效"，或预示着政策将更加注重质量和效果。 另一方面，政策基调延续了"更加积极有为"。 会议提出，要实施更加积极有为的宏观政策，增强政策前瞻性、针对性、协同性，持续扩大内需、优化 供给，做优增量、盘活存量，发挥存量政策和增量政策集成效应，继续实施更加积极的财政政策，继续 实施适度宽松的货币政策。 粤开证券首席经济学家、研究院院长罗志恒认为，在政策基调上，会议延续了宏观政策"更加积极有 为"、财政政策 ...

Market Overview - The A-share market saw a rebound with all three major indices rising: the Shanghai Composite Index increased by 0.41%, the Shenzhen Component Index rose by 0.84%, and the ChiNext Index gained 0.97%. The total market turnover was approximately 2.11 trillion yuan [2]. Sector Performance - The controllable nuclear fusion sector led the market, with Tianli Composite hitting a "30CM" limit up, achieving a historical high closing price of 60.84 yuan per share, and a five-day increase of 117.21% [5][8]. - The precious metals sector performed strongly, with companies like Zhaojin Mining, Xiaocheng Technology, and Western Gold rising over 6% [5]. - The semiconductor sector was active in the afternoon, with Jingfeng Mingyuan hitting a "20CM" limit up, and companies like Yandong Micro and Zhongke Feimiao rising over 10% [11][12]. Notable Stocks - Zhongzhou Special Materials saw a significant increase of 20.01% to 23.39 yuan, while Sry New Materials rose by 17.58% to 34.45 yuan [7]. - Aikesaibo and Changfu Co. also showed strong performance, with increases of 12.76% and 11.38%, respectively [7]. Policy and Industry Insights - A recent policy from Beijing Economic and Technological Development Zone aims to accelerate the cultivation of future energy industries, supporting various technological paths in fusion energy development [8]. - The report from Tianfeng Securities highlights challenges faced by U.S. power operators due to rising electricity demand and the need for flexible resource combinations, indicating potential opportunities for Chinese component manufacturers in the gas turbine sector [9]. Semiconductor Industry Outlook - China Galaxy Securities reports that the wafer manufacturing giant SMIC is expected to exceed a monthly production capacity of 1 million wafers by Q3 2025, with a utilization rate increase of 3.3 percentage points to 95.8% [12]. - The semiconductor sector's long-term growth logic remains intact, with a focus on companies with high revenue from semiconductor fields and clear technological barriers [12].

Core Viewpoint - Sichuan Zhongyi Ruijin Baolilai New Materials Co., Ltd. has been established with a registered capital of 1 million RMB, indicating a new player in the construction and materials industry [1] Company Overview - The legal representative of the company is Yao Ming, which may attract attention due to his prominence [1] - The company is involved in a wide range of activities including sales of construction materials, labor services, agricultural machinery services, and various other related services [1] Business Scope - The company’s business scope includes general projects such as: - Sales of construction and light construction materials - Labor services (excluding labor dispatch) - Urban greening management and agricultural services - Sales of various machinery and equipment [1] - The company also engages in sales of electronic products, optical instruments, and lighting equipment [1] Permitted Projects - The company is authorized to undertake projects such as: - Construction engineering design - Building labor subcontracting - Residential interior decoration and construction engineering [1] - These activities require approval from relevant authorities before commencement [1]

天眼查App显示，近日，四川中晟新材料科技有限公司成立，法定代表人为王艳坤，注册资本3000万人 民币，经营范围为一般项目：新材料技术研发；有色金属压延加工；有色金属合金制造；新材料技术推 广服务；金属制品研发；有色金属铸造；金属材料销售；金属材料制造；高性能有色金属及合金材料销 售；金属丝绳及其制品制造；金属丝绳及其制品销售；阀门和旋塞研发；模具制造；信息技术咨询服 务；人工智能应用软件开发；常用有色金属冶炼；塑料制品销售；建筑材料销售；木材销售；农副产品 销售；化工产品销售（不含许可类化工产品）；棉、麻销售；谷物销售；橡胶制品销售；高品质合成橡 胶销售；生产性废旧金属回收；再生资源回收（除生产性废旧金属）；再生资源加工；货物进出口。 （除依法须经批准的项目外，凭营业执照依法自主开展经营活动）（涉及国家规定实施准入特别管理措 施的除外）。 ...

Group 1 - The investment logic in the A-share market is undergoing a profound transformation, shifting from model innovation and traffic economy to fundamental technological innovation, with hard technology and new materials reshaping the value orientation of China's capital market [2] - The China Securities Regulatory Commission (CSRC) has implemented measures such as establishing the Sci-Tech Innovation Board and optimizing listing standards to facilitate the rapid access of technology-driven enterprises to the capital market [2] - Companies like Duxin Environmental Protection, a leader in the polyvinyl alcohol new materials sector, are accelerating their IPO processes, highlighting the strategic importance of the new materials industry in building a modern industrial system [2] Group 2 - The current A-share market presents an unprecedented friendly environment for hard technology and new materials companies, with a significant tilt in listing reviews towards these sectors and a substantial reduction in review cycles [3] - In the semiconductor industry, over 15 companies have successfully listed on the Sci-Tech Innovation Board in 2023, with an average review time reduced by more than 40% compared to traditional industries [3] - The average first-day increase for hard technology companies on the Sci-Tech Innovation Board has reached 87%, significantly surpassing the average levels of the main board and the ChiNext, indicating a notable valuation premium for technology-leading enterprises [3] Group 3 - Despite the opportunities, challenges exist for hard technology and new materials companies, including the risk of technological iteration, which poses a threat to maintaining a competitive edge in rapidly evolving fields like AI chips and advanced semiconductor materials [4] - Intellectual property disputes are on the rise as Chinese companies engage more in cutting-edge technology, with significant lawsuits potentially disrupting IPO processes [4] - Balancing R&D investment with profitability expectations remains a critical challenge for decision-makers, as regulatory bodies offer greater tolerance for profitability in hard technology firms [4] Group 4 - The current preference of the A-share market for hard technology and new materials is not coincidental, as major economies globally are increasing capital support for key technology sectors [5] - China is providing "ammunition" for innovative enterprises through capital market reforms during this critical policy window, which has a clear time sensitivity [6] - For growing hard technology and new materials companies, now may be the best time to enter the capital market to secure funding for R&D and capacity expansion while establishing a leading position before the industry landscape solidifies [6]

人民财讯12月12日电，企查查APP显示，碳巢新材科技(滕州)有限公司成立，法定代表人为韩雨辰，注 册资本为1亿元，经营范围包含：高性能纤维及复合材料制造；电子专用材料制造；电子专用材料研 发；电池制造；石墨及碳素制品制造等。企查查股权穿透显示，该公司由苏州第一元素纳米技术有限公 司、东方材料（603110）全资子公司新东方新材料(滕州)有限公司等共同持股。 ...

据天眼查APP显示，山东国瓷功能材料股份有限公司成立于2005年04月21日，注册资本99704.8299万人 民币。（数据宝） （文章来源：证券时报网） 数据宝统计，截至10:04，国瓷材料成交额16.17亿元，创上市以来新高。最新股价上涨19.97%，换手率 7.31%。上一交易日该股全天成交额为3.94亿元。 ...

Core Viewpoint - Zhengzhou's 14th Five-Year Plan outlines a new development blueprint for the city, emphasizing high-quality development and efficient governance, with a focus on leveraging local advantages for growth [1] Group 1: Development Strategies - The city of Dengfeng aims to align its actions with the spirit of the Zhengzhou Municipal Committee's meeting, focusing on high-quality development through three main strategies: industrial upgrading, cultural tourism integration, and comprehensive rural revitalization [1] - Dengfeng's key industries include new materials, equipment manufacturing, and aluminum processing, which are being developed into a cohesive industrial chain [2] - The city plans to enhance its cultural tourism sector by developing the Songshan cultural tourism area and striving to establish a national 5A-level tourist attraction [2] Group 2: Economic Goals - Dengfeng aims to attract over 35 million tourists by 2030, focusing on digital tourism, night economy, and homestay clusters to boost the local economy [2] - The city is committed to creating a modern industrial system characterized by innovation, sustainability, and integration, with a focus on emerging industries such as low-altitude economy, new energy, and biomedicine [2] Group 3: Urban and Rural Integration - The city is working towards a model of urban-rural integration, enhancing infrastructure and public services to promote a symbiotic development pattern [2] - Dengfeng is focusing on developing specialty industries in rural areas, such as highland vegetables and quality forest fruits, to support rural revitalization [2] Group 4: Governance and Safety - The city is implementing a governance model that integrates artificial intelligence into urban management and public safety, aiming to modernize social governance [2] - Dengfeng is prioritizing ecological protection and risk management to ensure a safe and stable environment for its residents [2] Group 5: Immediate Action Plans - The year 2026 marks the beginning of the 15th Five-Year Plan, with Dengfeng planning to adopt a proactive approach to project construction and consumption stimulation during peak seasons [3] - The city is focusing on investment attraction through a comprehensive approach, aiming for a strong start to the 15th Five-Year Plan [3]

Core Viewpoint - Ganzhou Chenjie New Materials Co., Ltd. has been established with a registered capital of 1 million RMB, focusing on various new materials and related technologies [1] Company Overview - The legal representative of the company is Xiong Wei [1] - The registered capital is 1 million RMB [1] Business Scope - The company is involved in the import and export of goods under state trade management, which requires approval from relevant authorities [1] - General business activities include: - Research and development of new material technologies - Manufacturing and sales of non-ferrous metal alloys - Sales of metal materials and rare earth functional materials - Sales of optoelectronic devices and electronic special materials - Sales of magnetic materials and new metal functional materials - Manufacturing of metal materials and sales of metal ores [1] - Additional services include supply chain management, domestic trade agency, information technology consulting, and various technical services [1]

Core Viewpoint - Jiangxi Lijin New Materials Co., Ltd. has been established with a registered capital of 2 million RMB, focusing on the manufacturing of new building materials and related construction activities [1] Group 1 - The legal representative of the company is Jiang Qizhu [1] - The company is involved in various licensed projects, including construction engineering [1] - The general business scope includes manufacturing new building materials, metal fittings for construction, and processing and sales of doors and windows [1]