深圳市深投控科创集团有限公司成立于2000年2月，法定代表人为李刚，经营范围包括包装产品的生 产、销售以及包装行业的投资等。股东信息显示，该公司由深圳市投资控股有限公司、深圳市国有股权 经营管理有限公司共同持股。 天眼查工商信息显示，近日，深圳市通产集团有限公司发生工商变更，企业名称变更为深圳市深投控科 创集团有限公司，同时，注册资本由6亿人民币增至12亿人民币，增幅100%。 ...

每经AI快讯，1月12日，市场焦点股锋龙股份（11板）竞价涨停，复牌的嘉美包装（16天12板）竞价涨 停、天普股份（4天3板）竞价跌停、国晟科技（5天3板）高开7.98%，商业航天概念股鲁信创投（11天 9板）竞价涨停、金风科技（10天6板）高开6.42%、中国卫通（9天5板）高开4.10%，AI应用概念股志 特新材（创业板5板）竞价涨停、快意电梯（5板）竞价涨停，核电板块中国一重（3板）高开5.36%、 弘讯科技（3板）平开。 （文章来源：每日经济新闻） ...

情绪影响：正面 国际电信联盟官网披露的最新数据显示，2025年12月，我国共向ITU申报了总数超20万颗的超大规模卫 星星座部署规划，创下我国卫星星座申报数量的新纪录。专家称，中国移动、垣信卫星等多家商业主体 也在此次申请中布局千颗级乃至万颗级星座，卫星频轨资源申请已上升至国家战略层面。 2、全国商务工作会议：培育服务消费新增长点，优化消费品以旧换新政策实施 盘前要闻 1、申请数量超20万颗！我国申报卫星星座数量创下新纪录 类型：行业 类型：行业 情绪影响：正面 全国商务工作会议近期在京召开，会议指出，2026年全国商务系统要重点做好八个方面工作，包括加快 培育服务消费新增长点，优化消费品以旧换新政策实施等。会议明确，今年将深入实施提振消费专项行 动，打造"购在中国"品牌。发展数字消费、绿色消费等，激发下沉市场消费活力。 3、出口退税取消叠加自律机制调整，市场化下光伏产业链面临价值重估 类型：行业 情绪影响：中性 财政部和国家税务局宣布，自2026年4月1日起，取消光伏等产品增值税出口退税，标志着行业进入"无 退税补贴"阶段。此外，业内传闻行业自律被官方约谈叫停。市场对此反应剧烈，多晶硅主力合约大幅 下跌。出 ...

Group 1: Government Policies and Initiatives - The State Council of China has implemented a package of fiscal and financial policies to promote domestic demand, emphasizing the importance of coordinating fiscal and financial policies to stimulate effective demand and macroeconomic regulation [1] - The policies aim to enhance consumer spending by optimizing loan interest subsidy policies for service industry operators and personal consumption loans, as well as supporting private investment through various financial mechanisms [1] Group 2: Market Developments - The China Securities Regulatory Commission (CSRC) is working to improve the institutional environment for long-term investments, encouraging various types of long-term funds to increase their market participation, with long-term funds holding approximately 23 trillion yuan in A-share market value, a 36% increase from the beginning of the year [2] - The CSRC has also raised the reward standards for whistleblowers reporting securities and futures violations, with the maximum reward now set at 1 million yuan [3] Group 3: Stock Market Activity - Three major stocks, including Jia Mei Packaging and Guosheng Technology, are set to resume trading after completing related investigations, with Jia Mei Packaging's stock price having surged over 230% in a short period [4] - Tianpu Co., which saw a 1600% increase in stock price, is under investigation by the CSRC for abnormal trading activities [4] Group 4: Industry Changes - China has applied for frequency resources for over 200,000 satellites, with more than 190,000 satellites coming from the Radio Innovation Institute [5] - The Ministry of Finance and the State Taxation Administration announced the cancellation of export tax rebates for photovoltaic products starting April 1, 2026, and for battery products starting January 1, 2027, marking a significant policy shift for the photovoltaic industry [6] Group 5: International Relations - The U.S. Department of Commerce has withdrawn a plan to place Chinese-manufactured drones on a restricted list, which was initially proposed due to national security concerns [7][8] Group 6: Economic Indicators - The U.S. labor statistics revealed a lower-than-expected increase in non-farm employment for December, leading analysts to believe that the Federal Reserve's interest rate cut expectations have diminished significantly [9] Group 7: Market Strategy - The A-share market has shown strong upward momentum, with the Shanghai Composite Index reaching a 10-year high, driven by sectors such as AI applications and commercial aerospace [10] - Investors are advised to focus on technology growth assets while being cautious of high-volatility stocks [10] Group 8: Technological Advancements - The successful first flight of the "Tianma-1000" unmanned transport aircraft, designed for logistics and emergency rescue, highlights advancements in domestic drone technology [11] - Major companies are entering the AI hardware space, indicating a competitive landscape for the next generation of smart technology [12]

炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ 天普股份（维权）、国晟科技（维权）、嘉美包装三只大牛股于本周末结束停牌核查，将于2026年1月 12日（周一）复牌。其中天普股份在停牌期间的1月9日收到证监会立案告知书，因股票交易异常波动公 告涉嫌重大遗漏被立案调查，另两家核查结果不同，国晟科技还同步披露年度业绩预亏。 因股价短期大幅上涨触发交易异常波动，嘉美包装自2026年1月7日起停牌核查。 1月11日，嘉美包装公告，核查工作已完成，公司股票将于2026年1月12日开市起复牌。 根据此前公告，公司股票在2025年12月17日至2026年1月6日期间累计涨幅达230.48%，多次触及交易异 常波动情形，股价短期涨幅已背离公司基本面。截至2026年1月6日收盘，公司股票静态市盈率为 80.76，市净率为6.25，与同行业情况存在较大差异。 公告显示，停牌期间，公司就相关事项进行核实。公司控股股东中国食品包装有限公司（简称"中包香 港"）与苏州逐越鸿智科技发展合伙企业（有限合伙）（简称"逐越鸿智"）签署了股份转让协议，后者 拟通过协议转让及要约收购方式取得公司控制权。 目前，逐越鸿智已按 ...

经过全面核查，嘉美包装在公告中表示，截至目前，公司主营业务仍为食品饮料包装容器的研发、设 计、生产和销售及提供饮料灌装服务，未发生重大变化。逐越鸿智不存在未来12个月内改变上市公司主 营业务或对上市公司主营业务进行重大调整的计划；不存在未来12个月内对上市公司或其子公司的资产 和业务进行出售、合并、与他人合资或合作、或上市公司拟购买或置换资产的计划；不存在未来36个月 内通过上市公司借壳上市的计划或安排。 1月11日晚间，嘉美食品包装(滁州)股份有限公司(股票简称：嘉美包装（002969），股票代码：002969) 发布公告称，该公司股票交易停牌核查工作已全部完成，经向深交所申请，公司股票将于1月12日(星期 一)开市起正式复牌。除股票复牌外，"嘉美转债"(债券代码：127042)也将于1月12日开市起复牌并恢复 转股。嘉美转债此前自1月7日开市起停牌及暂停转股。 嘉美包装的停牌核查源于其股价的异常波动。自2025年12月17日至2026年1月6日期间，公司股票价格累 计涨幅高达230.48%，期间多次触及股票交易异常波动情形。嘉美包装在公告中表示，该公司股票短期 内价格涨幅较大，已明显背离公司基本面，为维护 ...

Investment Rating - The report maintains an "Outperform" rating for the industry [4] Core Insights - In January, international pulp prices increased, with Arauco softwood pulp rising by $10 to $710 per ton and hardwood pulp by $20 to $590 per ton, providing cost support and potential stabilization in paper prices [3][5] - The report highlights the upcoming announcement from the U.S. regarding the tariff decision related to Trump's global tariff measures, which could impact the export chain [3][5] - E-commerce performance in December for personal care products showed overall weakness, with some emerging brands maintaining rapid growth [3] Summary by Sections Export Chain - The U.S. is expected to announce the tariff decision next week, with a predicted 28% chance of supporting current tariffs. If rejected, tariffs imposed in 2025 may be lifted [5] - The postponement of tariffs on upholstered furniture and cabinets until 2027 may alleviate CPI increases in the U.S. and support demand recovery [5] - Companies like Dream Lily and Fashion Bed Group are expanding into the Canadian market, while Zhongxin Co. plans to establish a factory in the U.S. to enhance global competitiveness [5] Home Furnishing - The furniture manufacturing industry's revenue from January to November 2025 decreased by 9.1% year-on-year, with a widening decline in residential sales [5] - IKEA announced the closure of several stores in China while shifting focus to smaller stores and online channels [5] - The report suggests that despite the ongoing adjustment period in the home furnishing and real estate sectors, valuations are at historical lows, presenting potential investment opportunities [5] Paper and Packaging - As of January 9, 2026, prices for various paper types showed mixed trends, with some prices remaining stable while others decreased [5] - The report recommends focusing on companies with strong production capacity and fiber supply, such as Nine Dragons Paper and Shanying International [5] Consumer Goods - Sales growth for sanitary napkins on major e-commerce platforms showed a decline, while some brands on Douyin experienced rapid growth [5] - The report highlights strategic collaborations and product launches by companies like Morning Glory and the potential for recovery in the stationery sector [5] New Tobacco Products - New regulations regarding non-combustible nicotine products will take effect in April 2026, indicating a shift towards a more concentrated market structure [5] - Companies like Smoore International are expected to benefit from the global rollout of their products [5] Textile and Apparel - The textile and apparel sector underperformed the market, with a reported increase in net profit for companies like Bailong Oriental, driven by strong order volumes [5]

Core Viewpoint - The report from Southwest Securities indicates that the performance of the light industry sector in 2025 is expected to be flat, with cyclical and traditional manufacturing valuations under pressure, while packaging, exports, and personal care sectors show differentiated performance [1] 2025 Sector Review - In 2025, the light industry sector experienced relatively flat performance, with traditional cyclical and manufacturing companies facing valuation pressure. However, the packaging and printing sectors benefited from price increases and cross-industry transformations, leading to better stock performance [1] - The export sector showed some differentiation due to tariff policy disruptions, with companies that have balanced production capacity, strong demand resilience, and low tariff impact performing better [1] - The personal care sector achieved excess returns in the first half of the year but entered a valuation digestion phase in the second half due to intensified competition in e-commerce channels. However, domestic brands are expected to continue their growth trajectory due to product structure optimization and channel expansion [1] 2026 Stock Selection Strategy - The focus will be on undervalued cyclical assets as valuation recovery is anticipated amid changes in the bulk commodity cycle, gradually realizing allocation value [2] - There is a need to balance the valuation and growth potential of new consumption and export sectors, favoring high-growth or low-valuation, high-safety stocks [2] - Four main lines of focus for stock selection include: 1. Gradually emphasizing undervalued cyclical stocks, particularly in the paper sector, which is expected to see price increases driven by "anti-involution" and traditional peak season factors, with net profit per ton likely to recover [2] 2. Export stocks with strong demand resilience and manufacturing capabilities are still considered valuable for allocation, especially those with good growth potential in niche categories and minimal tariff impact [2] 3. Domestic personal care brands are expected to see upward trends in market share and growth potential due to rapid product iteration and competitive pricing [2] 4. New consumption trends in AI glasses, new tobacco products, pet supplies, and trendy toys are expected to continue their upward trajectory, contributing to the growth of the consumption sector [2] Recommended Stocks - Recommended stocks include Sun Paper, Bohui Paper, Weigao Medical, Baiya Co., Nobon Co., Yiyi Co., Mengbaihe, and Gujia Home [3]

Group 1 - Huyuan Holdings experienced a stock price increase of 5.69%, reaching 13.18 CNY per share, with a trading volume of 171 million CNY and a turnover rate of 5.32%, resulting in a total market capitalization of 4.418 billion CNY [1] - The company, Suzhou Huyuan Holdings Co., Ltd., was established on June 23, 1998, and went public on December 31, 2015. Its main business involves the production and sales of metal packaging products, including plastic packaging [1] - The revenue composition of Huyuan Holdings is as follows: chemical cans 55.93%, food packaging 18.27%, injection molded products 15.43%, blow molded products 8.58%, and others 1.79% [1] Group 2 - Among the top ten circulating shareholders of Huyuan Holdings, a fund under Nuoan Fund ranks as a new entrant, holding 1.9066 million shares, which accounts for 0.76% of the circulating shares. The estimated floating profit for today is approximately 1.3537 million CNY [2] - The Nuoan Multi-Strategy Mixed A Fund (320016) was established on August 9, 2011, with a latest scale of 1.855 billion CNY. Year-to-date, it has achieved a return of 1.09%, ranking 7080 out of 8825 in its category; over the past year, it has returned 77.35%, ranking 530 out of 8084; and since inception, it has returned 233.6% [2] Group 3 - The fund manager of Nuoan Multi-Strategy Mixed A is Kong Xianzheng, who has been in the position for 5 years and 44 days. The total asset scale of the fund is 5.608 billion CNY, with the best fund return during his tenure being 86.44% and the worst being -16.74% [3]

近年来，吴忠市就业创业服务中心持续强化政策宣传，通过推送指南、召开宣讲会、发放资料等方式提 升政策知晓度。同时全面推行"免申即享"经办模式，依托大数据筛选符合条件的企业名单，经确认和公 示后，直接将资金拨付至企业对公账户，实现了从"企业找政策"到"政策找企业"的转变。 便利企业的同时，吴忠市严格防控基金风险，逐户审核企业裁员率、失业保险缴费、企业划型及信用状 况等信息，采取"数据比对+实地核查"方式跟踪资金使用，确保基金安全规范运行。 "我们将继续加大政策宣传与服务力度，对后续符合条件的企业开展'点对点'帮扶与'一对一'指导，努力 实现政策精准推送、服务精准对接、资金精准直达，以实实在在的举措支持企业稳岗扩岗，保障劳动者 就业权益。"吴忠市就业创业服务中心相关负责人说。(记者 马照刚) "不用跑腿申请，资金自动到账，我们今年又收到了12.19万元的稳岗返还。"近日，中国移动通信集团 宁夏有限公司吴忠分公司人资负责人介绍，该公司已连续多年享受"免申即享"失业保险稳岗返还政策， 今年到账的资金将全部用于员工岗位培训和社保缴纳，切实减轻企业压力。 2025年，吴忠市持续优化"免申即享"服务模式，推动失业保险稳岗返还 ...