2025年12月31日，吉林省全社会年用电量首次突破1000亿千瓦时大关，达到1011.9亿千瓦时，同比增长 6.49%，作为衡量地区经济活力的"晴雨表"，全社会年用电量迈过千亿大关，是吉林省经济总量扩张的 一个规模里程碑。 数据显示年用电量增速分别达到：第一产业13.6%、第二产业4.2%、第三产业10.1%、居民7.5%。其 中，化学原料和化学制品制造业、化学纤维制造业、电子设备制造业用电增速超过40%，住宿和餐饮 业、批发和零售业、金融业用电增速超过10%。 2025年以来，国网吉林省电力有限公司扛稳扛牢粮食安全责任，全面开展机井通电集中攻坚，春耕前实 现存量高标准农田1.78万眼机井全部通电，成立571支供电服务队伍，深入田间地头和秋粮生产企业开 展走访服务2.24万人次，协助排查用电安全隐患0.61万处；持续优化用电营商环境，"项目长"制包保服 务省内一汽集团、吉林石化等稳增长重点企业和重大项目，高效完成宽带边疆、沈白高铁等576项重大 项目接电任务，"三零三省"服务惠及17.26万用户，节约社会接电成本9.12亿元，重大项目接电时间同比 压缩20%；倾力服务重大文旅活动，全年累计派出服务人员189 ...

深圳市辰中科技有限公司，成立于2001年，位于深圳市，是一家以从事批发业为主的企业。企业注册资 本10000万人民币。通过天眼查大数据分析，深圳市辰中科技有限公司共对外投资了6家企业，参与招投 标项目4次，财产线索方面有商标信息9条，专利信息51条，此外企业还拥有行政许可13个。 苏州辰华半导体技术有限公司，成立于2020年，位于苏州市，是一家以从事化学原料和化学制品制造业 为主的企业。企业注册资本3000万人民币。通过天眼查大数据分析，苏州辰华半导体技术有限公司共对 外投资了2家企业，参与招投标项目2次，专利信息64条，此外企业还拥有行政许可10个。 国家知识产权局信息显示，深圳市晶相技术有限公司、深圳市辰中科技有限公司、苏州辰华半导体技术 有限公司取得一项名为"一种液晶显示器"的专利，授权公告号CN119556504B，申请日期为2022年12 月。 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。 天眼查资料显示，深圳市晶相技术有限公司，成立于2015年，位于深圳市，是一家以从事软件和信息技 术服务业为主的企业。企业注册资本5000万人民币。通过天眼查大数据分析 ...

国家知识产权局信息显示，潍柴动力股份有限公司取得一项名为"一种变速箱的换挡控制方法、装置、 控制器和存储介质"的专利，授权公告号CN118346768B，申请日期为2024年5月。 天眼查资料显示，潍柴动力股份有限公司，成立于2002年，位于潍坊市，是一家以从事汽车制造业为主 的企业。企业注册资本871567.1296万人民币。通过天眼查大数据分析，潍柴动力股份有限公司共对外 投资了64家企业，参与招投标项目5000次，财产线索方面有商标信息741条，专利信息5000条，此外企 业还拥有行政许可778个。 潍柴新能源动力科技有限公司，成立于2017年，位于潍坊市，是一家以从事化学原料和化学制品制造业 为主的企业。企业注册资本15085.714286万人民币。通过天眼查大数据分析，潍柴新能源动力科技有限 公司共对外投资了2家企业，参与招投标项目13次，专利信息620条，此外企业还拥有行政许可12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 ...

Economic Overview - The overall economic operation in Qinghai Province is stable and progressing steadily as of November 2023, with efforts focused on high-quality development [1] Industrial Production - The industrial added value above designated size increased by 7.1% year-on-year from January to November, with a 0.2 percentage point increase compared to the previous period [2] - The manufacturing sector showed significant contributions, with a 10.4% increase in added value, driving a 6.4 percentage point growth in industrial added value [2] - Key industries performed well, with 18 out of 35 industrial categories experiencing growth, resulting in a growth rate of 51.4% [2] - Notable growth in specific sectors includes non-ferrous metal smelting and rolling processing at 23.5%, and chemical raw materials and products manufacturing at 8.8% [2] - Major product outputs saw rapid increases, including lithium iron phosphate (74.9%), lithium-ion batteries (46.0%), and carbonates (22.1%) [2] Investment Trends - Fixed asset investment (excluding rural households) decreased by 9.6% year-on-year, but the decline rate narrowed by 2.1 percentage points compared to the previous period [3] - High-tech service industry investment grew by 20.2%, with a notable increase in information transmission and IT services at 52.4% [3] - Industrial technological transformation project investments surged by 23.7%, reflecting a 10.0 percentage point increase from the previous period [3] - Infrastructure investment, accounting for 33.8% of total fixed asset investment, grew by 19.4%, maintaining the same growth rate as the previous period [3] Consumer Market - The total retail sales of social consumer goods reached 948.9 billion yuan, with a year-on-year growth of 2.4% [4] - Among 19 categories of goods, 12 categories experienced retail sales growth, including hardware and electrical materials (44.3%) and household appliances (21.8%) [4] - Other categories with notable growth include beverages (21.0%), books and magazines (14.4%), and construction materials (10.3%) [4]

12月19日，可申购深市主板的双欣环保（001369.SZ）、誉帆科技（001396.SZ）以及科创板的强一股份 （688809.SH）。另有一只新股上市，为科创板的优迅股份（688807.SH）。 三只新股申购 双欣环保成立于2009年6月，是一家专业从事聚乙烯醇（PVA）、聚乙烯醇特种纤维、醋酸乙烯 （VAC）、碳化钙（电石）等PVA产业链上下游产品的研发、生产、销售的高新技术企业。 | 打新早知道 | | | 南财快讯 | | --- | --- | --- | --- | | 今日申购 | | | | | 001369.SZ 双欣环保 | | | | | 发行价(元/股) | 机构报价(元/股) | | 所属行业 | | 6.85 7.11 | | 58.91 | 化学原料和化学 | | | | | 制品制造 | | 发行市盈率 行业市盈率 | | 可比公司 | 可比公司动态市盈率 | | 16.19 28.75 | | 皖维高新 | 22.44 | | 若证集团 | | | 11.95 | | 中泰化学 | | | 亏损 | | 业绩情况 | | | | | 60.0 | | | 120% | | ...

Company News - GuoDun Quantum's chairman, Lv Pin, unexpectedly passed away [7] - CICC announced a cash dividend of 434 million yuan for the first half of 2025, with the record date set for December 26 [8] - Haitian Flavoring announced that its cash dividend ratio will not be less than 80% annually for the next three years (2025-2027) [9] - Sichuan Road and Bridge announced that China Post Insurance has increased its stake to 5% [10] - Zhongwei Company announced plans to acquire Hangzhou Zhonggui's equity, leading to a stock suspension [11] - WuXi AppTec reported that 18 shareholders, including the third, fourth, and sixth largest, collectively reduced their holdings by 29.5 million shares between November 26 and December 17 [11] - Lida Xin announced that shareholder Li Chunhua reduced his stake by 1.56% between December 10 and December 17 [12] - Visionox plans to sign an investment cooperation agreement to advance the Hefei 8.6-generation AMOLED production line project, with a second-phase capital of 9.443 billion yuan [12] - Western Mining announced that its wholly-owned subsidiary, Geermu West Mining Resources, has obtained a mining license, with gold reserves of 2.86 tons [13] - Yidong Electronics announced that a related party reduced its holdings by 2.3463 million shares between December 10 and December 17 [14] - Shandong Highway plans to provision for a long-term equity investment impairment of approximately 690 million yuan in Dongxing Securities [15] - GuoAo Technology's former actual controller, Chen Chongjun, was sentenced to six years in prison for manipulating the securities market, with a fine of 4 million yuan [16] Industry News - The Hong Kong Stock Exchange is consulting market opinions on optimizing the framework for trading units, with potential adjustments affecting about 25% of issuers [5] - The Ministry of Commerce responded to the latest developments in export controls on rare earth-related items, indicating that some Chinese exporters have met the basic requirements for applying for general licenses [5] - The National Digital Exchange System Engineering Technology Research Center, in collaboration with China Mobile and China Unicom, has achieved breakthroughs in resource scheduling efficiency and reliability through a "multi-modal on-the-fly computing" model [5] - The scale of China's biomanufacturing industry has continued to grow, reaching a total scale of 1.1 trillion yuan, with biopharmaceutical product output accounting for over 70% of the global total [5] - Platinum has become a highly sought-after asset, with the price of pure platinum reaching 815 yuan per gram, and futures contracts seeing a significant increase of 5.32% on December 18 [6]

Group 1: New Stock Offerings - Three new stocks available for subscription: Shuangxin Environmental Protection (001369.SZ), Yufan Technology (001396.SZ), and Qiangyi Co., Ltd. (688809.SH) [1] - Yufan Technology focuses on smart diagnosis and health assessment of drainage networks, as well as maintenance services [8][11] Group 2: Shuangxin Environmental Protection - Established in June 2009, Shuangxin Environmental Protection specializes in the R&D, production, and sales of products in the PVA industry chain [2] - The company is the third-largest PVA producer in China, with a projected production of 116,900 tons in 2024, accounting for approximately 13% of the national total [6] - The company plans to raise funds for various projects, including a 16,000-ton PVB resin project and a 60,000-ton water-based adhesive project, with total fundraising of 18.57 billion yuan [5] - In 2023, the company experienced a revenue decline of 25.25% and a net profit decline of 30.89% compared to the previous year [7][8] Group 3: Yufan Technology - Yufan Technology's revenue is projected to grow from 5.13 billion yuan in 2022 to 8.04 billion yuan in 2025, with a net profit increase from 0.81 billion yuan to 1.4 billion yuan over the same period [11] - The company has a high concentration of clients, primarily government agencies and state-owned enterprises, and is recognized as a "little giant" enterprise [11][12] Group 4: Qiangyi Co., Ltd. - Qiangyi Co., Ltd. focuses on the R&D, design, production, and sales of probe cards for semiconductor testing, ranking ninth globally in the probe card industry in 2023 [15] - The company reported revenues of 254 million yuan in 2022, increasing to 641 million yuan in 2024, with a significant net profit increase from 16 million yuan to 233 million yuan [16] - Qiangyi has a high customer concentration, with sales to its top five clients accounting for over 62% of total revenue [16][17] Group 5: Youxun Co., Ltd. - Youxun Co., Ltd. specializes in the R&D and sales of optical communication front-end chips, with a market share ranking second globally in the 10Gbps and below segment [22] - The company plans to invest in various projects, including next-generation access networks and high-speed data center chips, with a total fundraising of 8.09 billion yuan [21] - There is a risk of control changes due to the actual controller's shareholding structure, which may impact business operations and decision-making [23]

Investment Rating - The investment rating for the company is positioned at 2.53 points, placing it in the 34.4% percentile of the AHP model, indicating a lower tier in the upstream segment [10]. Core Insights - The company has established a complete industrial chain centered around PVA, achieving self-sufficiency in key raw materials and expanding downstream product offerings. As of the end of 2024, the company has a PVA production capacity of 130,000 tons and calcium carbide capacity of 870,000 tons, ranking third and eighth in market share in China, respectively [11][12]. - The company is implementing a "dual high" reduction plan to decrease the revenue contribution from PVA and calcium carbide to 40% by 2027, while actively expanding into high-value downstream sectors [12][20]. - The company has faced declining revenues and profits due to falling prices of calcium carbide and PVA, with a projected revenue of 3.718 billion yuan in 2025, reflecting a 6.66% year-on-year growth [24]. Summary by Sections AHP Score and Expected Allocation Ratio - The company’s AHP score, adjusted for liquidity premium factors, is 2.53, indicating a lower tier in the upstream segment. The expected allocation ratios for offline investors are 0.0173% for Class A and 0.0150% for Class B under a neutral scenario [10][11]. Fundamental Highlights and Features - The company has built a circular economy industrial chain around PVA, achieving self-sufficiency in calcium carbide and expanding into various downstream products. This strategy helps mitigate raw material price volatility [11][12]. - The company is focusing on high-value products, with plans to reduce the production and sales scale of high-pollution products, aiming for a significant shift towards high-value non-high-pollution products [20][22]. Comparable Company Financial Metrics - The company’s revenue and net profit have shown a declining trend, with a CAGR of -17.01% and -19.69% from 2022 to 2024, primarily due to falling prices of calcium carbide and PVA [24]. - The company’s average sales gross margin is higher than that of comparable companies, benefiting from cost reduction measures and energy-saving upgrades [27][28]. Fundraising Projects and Development Vision - The company plans to raise funds for projects including the production of PVB resin and functional films, water-based adhesives, and energy efficiency upgrades, with a total investment of 1.878 billion yuan [46][47].

Market Overview - As of November 27, 2025, the number of projects in China's inquiry transfer market reached 163, a 140% increase compared to the entire year of 2024[4] - The transfer scale reached 84.445 billion yuan, which is 380% higher than the total for 2024[4] - The average discount rate for inquiry transfers in 2025 is approximately 84.34%, significantly lower than the 87.2% for private placements[15] Supply and Demand Dynamics - The inquiry transfer mechanism was officially implemented on the ChiNext board in May 2024, leading to a surge in transfer announcements, with 69 recorded in 2025, accounting for 42.33% of the total[4][24] - The inquiry transfer market has seen a compound annual growth rate (CAGR) of 100.74% in project numbers from 2020 to 2025, and a CAGR of 84.68% in transfer scale[20] Investment Characteristics - Inquiry transfers have a shorter registration time of about one week compared to 3 weeks to 1 month for regular private placements, reducing capital occupation time by 2-3 weeks[14] - The inquiry transfer mechanism allows for a more flexible exit strategy for early investors, providing a low-disturbance path for orderly exits, which is crucial in a market with scarce quality assets[18][29] Market Performance - In the week of December 6 to December 12, 2025, the A-share market saw a general increase, with the ChiNext index rising by 2.74%[31] - The CPO index experienced the highest weekly increase of 14.26%, with a year-to-date increase of 183.30%[34] Key Recommendations - Focus on sectors such as smart vehicles (e.g., Hu Guang Co., Rui Hu Mould, Xin Quan Co., and Xin Dong Lian Ke) and high-end manufacturing (e.g., Ao Pu Te, Qing Niao Fire Protection, and Lei Te Optoelectronics) for potential investment opportunities[36]

据了解，转型金融旨在为高排放的经济活动向低排放或零排放转型提供资金支持，是推动高耗能行业实 现低碳可持续发展的重要手段。数据显示，2024年广东省纸及纸板产量达2648万吨，占全国总产量的 16.7%；广州市绿色石化和新材料产业产值已突破4000亿元，规上企业达1600余家(涵盖化学纤维制造 业、橡胶和塑料制品业等细分领域)，雄厚的产业基础为转型金融标准落地应用提供了广阔空间。 据介绍，作为国内首份金融支持造纸行业低碳转型的省级团体标准，《广东省造纸行业转型金融实施指 南》由广东金融学会、广州市绿色金融协会、东莞市金融学会牵头，联合盟浪可持续数字科技（深圳） 有限责任公司、广州碳排放权交易中心、省内多家金融机构及四家广东造纸企业共同编制。 该标准配套推出的广东省造纸行业转型金融支持项目目录，涵盖能源结构优化、节能工艺设备升级、清 洁生产与废物资源化利用、数智化转型四大类39项具体技术路径，创新引入广东碳市场造纸行业碳排放 核查数据，为新建项目和存量项目设定明确的转型认定阈值，让标准更具实操性和针对性。 《广州市转型金融实施指南》则是广州首个转型金融标准，由广东金融学会、广州市绿色金融协会联合 广发银行、广州银 ...