面向"十五五"，随着政策红利释放、产业基础夯实，西藏资本市场将继续以资本为纽带，连接创新与实体，书写高质量发展新篇章。 "十四五"规划胜利收官，西藏资本市场在服务地方经济高质量发展中交出亮眼答卷。 从上市公司"量质齐升"到创新投入持续加码，从投资者回报机制完善到风险防控坚实有力，雪域高原的资本市场正以独特的发展节奏，为西 藏经济转型升级注入强劲动能，也为"十五五"时期持续增长奠定坚实基础。 上市公司"量稳质升" 产业集群效应凸显 "十四五"时期，西藏上市公司实现规模与质量双重突破，数量稳步增长，市值与经营效益跨越式提升，以医药、有色金属为核心的产业集 群，成为区域经济发展"主力军"。 截至2025年三季度末，西藏辖区A股上市公司达22家，较2021年初增加2家，总市值从2000多亿元跃升至3200亿元，14家企业跻身"百亿 俱乐部"，占比近六成。 经营业绩方面，西藏上市公司展现强劲增长韧性。2025年前三季度，22家上市公司合计营业收入409.8亿元，同比增长4.96%；合计归母净 利润66.3亿元，同比增长37.2%。两项指标增速分别是全国平均水平的3.8倍、6.7倍，凸显优质发展成色。 产业结构上，上市公 ...

（来源：嘉兴日报） 转自：嘉兴日报 ■记者 陈 曦 通讯员 林龙晋 王誉淞 本报讯 记者昨天从嘉兴市经信局获悉，浙江省首批11家省级中试平台认定名单近日公布，浙江大学长 三角智慧绿洲创新中心牵头建设的浙江省食品生物合成与智能制造中试平台入选。 "100升啤酒能产生20公斤麦糟，按传统方式作为饲料销售，每吨仅卖百元左右。"过去，在雪花啤酒 （嘉善）有限公司负责人赵利雄眼中，麦糟属于廉价副产品。一次，浙大长三角智慧绿洲创新中心副主 任刘东红带队到赵利雄的厂里调研，发现了麦糟蛋白再利用的空间。 未来食品实验室主动与雪花啤酒（嘉善）有限公司的母公司华润啤酒集团接洽，开展技术合作。目前， 麦糟蛋白再利用项目研究组已实现技术突破，使麦糟的蛋白提取纯度达到75%以上，并制备出功能性麦 糟蛋白原料，可用于开发营养棒、植物蛋白乳等功能性食品。 一个高效运转的中试平台，是帮助企业跨越"从1到100"难关的关键。如今，该柔性智能食品生产线已为 高校、科研院所及企事业单位提供食品智能柔性生产中试服务，取得多项技术突破和创新集成。 中试平台是推动科技成果产业化的关键环节，是促进技术迭代、工艺改进和产品创新的重要方式。2025 年6月， ...

每经AI快讯，永顺泰（SZ 001338，收盘价：12.35元）12月28日晚间发布公告称，公司第二届第二十三 次董事会会议于2025年12月26日在公司会议室以现场及通讯方式召开。会议审议了《关于公司<2025年 度永顺泰高级管理人员经营业绩考核指标设置情况的报告>的议案》等文件。 （记者 曾健辉） 2025年1至6月份，永顺泰的营业收入构成为：啤酒制造占比96.03%，其他业务占比3.97%。 截至发稿，永顺泰市值为62亿元。 每经头条（nbdtoutiao）——涨疯了！黄金、铂金、白银通通创历史新高，美元大贬值！专家：美联储 独立性遭干预引发危机；前美联储理事：大幅降息重启房地产市场 ...

Market Overview - The Hong Kong stock market experienced a decline, with the Hang Seng Index falling 1.28% to close at 25,760.73 points, marking a loss of 334.32 points. The total trading volume was 164.36 billion HKD [1] - The Hang Seng China Enterprises Index dropped 1.68% to 9,028.55 points, while the Hang Seng Tech Index fell 1.58% to 5,534.92 points [1] Blue Chip Performance - Techtronic Industries (00669) led the blue-chip stocks, rising 3.15% to 94.9 HKD, contributing 6.66 points to the Hang Seng Index. Citigroup initiated a 30-day positive catalyst observation for the company [2] - Other notable blue-chip movements included WH Group (00288) up 1.8% to 8.47 HKD, while China Life (02628) fell 3.59% to 26.32 HKD, dragging the index down by 11.43 points [2] Sector Highlights - Precious metals and copper-aluminum sectors saw gains amid rising expectations for Federal Reserve interest rate cuts. Bitcoin reached a two-week high, boosting some cryptocurrency stocks [3] - The automotive sector continued to decline, with companies like XPeng Motors (09868) down 4.25% and GAC Group (02238) down 2.35%, reflecting weak market demand [4] Cryptocurrency Stocks - Several cryptocurrency-related stocks rose, including Boyaa Interactive (00434) up 5.19% and New Horizon Health (01611) up 2.3%, driven by increasing Bitcoin prices and a shift in institutional attitudes towards cryptocurrency [4] New Listings - Two new stocks debuted, with Lemo Technology (02539) surging 36.25% to 54.5 HKD, and Jinyan Kaolin New Materials (02693) rising 2.19% to 7.46 HKD. Lemo Technology is ranked first in the Chinese massage service market by transaction volume [5][6] Notable Corporate Announcements - Longpan Technology (02465) saw a significant increase of 12.21% to 16.54 HKD after announcing a long-term procurement agreement with Sunwoda for lithium iron phosphate cathode materials, expected to generate sales of approximately 4.5 to 5.5 billion CNY [7] - China Pacific Insurance (02328) continued to decline, down 4% to 17.04 HKD, amid rumors regarding the status of its executives [9]

Core Viewpoint - Beijing Enterprises Holdings Limited has been awarded the Outstanding Enterprise Award at the Fourth Forum on Sustainable Development Officers of Listed Companies, highlighting its commitment to sustainable urban development and the integration of traditional and emerging green industries [1][4]. Group 1: Redefining Comprehensive Public Utilities - The company has strategically redefined the concept of "comprehensive public utilities" to transition from a traditional infrastructure operator to a modern urban service provider characterized by green, technology, and collaboration [4]. - This strategic transformation aims to position the company as a core enabler of urban sustainable development [4]. Group 2: Dimensions of Value Reconstruction - The redefinition is reflected in three dimensions: 1. Value orientation reconstruction, elevating "environmental value" creation to a strategic level, shifting focus from passive compliance to proactive ecological capacity creation [5]. 2. Business model synergy, breaking down barriers between traditional sectors like gas, water, and solid waste, and integrating service chains to reduce overall carbon emissions and operational costs [5]. 3. Technological development as a driving force, promoting the integration of cutting-edge technologies like big data and AI with traditional infrastructure to innovate in product design, production processes, and operational management [5]. Group 3: Growth Engines - Future growth is seen as a dual-driven model, relying on both the green upgrade of traditional businesses and the exploration of emerging green industries [6]. - Traditional business upgrades serve as a "ballast" and "stabilizer," with significant investments in technology and innovation, such as nearly a thousand patents in gas safety technology and low-carbon processes in water management [6]. - The exploration of emerging green industries is viewed as a "new engine" for growth, with initiatives like the hydrogen supply system and the establishment of technology companies to drive innovation and service upgrades [7]. Group 4: Barriers to Systematic Green Innovation - The primary barrier to systematic green innovation is structural and systemic, involving the integration of existing infrastructure and traditional business models with new green technologies and concepts [8]. - Challenges also include the productization of technology and the realization of value from green innovations, as the market mechanisms currently do not adequately reward the ecological value created [8]. Group 5: Role in Low-Carbon Transition - As a key urban service provider, the company plays a critical role in the low-carbon transition, transforming urban systems from linear resource consumption to circular resource regeneration [10]. - In the energy sector, the company has supplied 517.9 billion cubic meters of natural gas, saving over 680 million tons of standard coal, while also investing in hydrogen, geothermal, and solar energy [10]. - In water management, wastewater treatment facilities are being transformed into "second water sources" and "energy factories," contributing directly to carbon reduction [10]. - In solid waste management, the company is shifting from incineration and landfilling to resource utilization, converting waste into energy and other resources [10].

截至发稿，永顺泰市值为61亿元。 每经头条（nbdtoutiao）——爱泼斯坦案文件解密倒计时，美国会"秒过"法案直通特朗普，引爆两党"极 限撕扯" 每经AI快讯，永顺泰（SZ 001338，收盘价：12.06元）发布公告称，2025年11月19日上午，永顺泰接受 中信证券调研，公司证券事务代表仝国明参与接待，并回答了投资者提出的问题。 2025年1至6月份，永顺泰的营业收入构成为：啤酒制造占比96.03%，其他业务占比3.97%。 （记者 曾健辉） ...

截至发稿，永顺泰市值为62亿元。 每经头条（nbdtoutiao）——展望"十五五" | 专访尹艳林：让有钱且愿消费的人顺利消费；个税起征点可 提高，最高边际税率可下调，让有关群体少缴税、多收入 每经AI快讯，永顺泰（SZ 001338，收盘价：12.37元）11月17日晚间发布公告称，公司第二届第二十二 次董事会会议于2025年11月14日在公司会议室以现场及通讯方式召开。会议审议了《关于补选公司第二 届董事会非独立董事的议案》等文件。 2025年1至6月份，永顺泰的营业收入构成为：啤酒制造占比96.03%，其他业务占比3.97%。 （记者 王晓波） ...

Core Insights - The A-share market saw a collective rise in major indices, with the Shanghai Composite Index up by 1.18%, the Shenzhen Component Index up by 1.51%, and the ChiNext Index up by 1.98% [2][8] - In September, profits of industrial enterprises above designated size in China increased by 21.6% year-on-year, accelerating by 1.2 percentage points compared to August, marking two consecutive months of growth exceeding 20% [3][9] - QFII has increased holdings in cyclical sectors, with a total of 236 A-share companies having QFII as a major shareholder, amounting to 1.021 billion shares valued at 21.283 billion yuan [3][9] Market Review - The total transaction volume in the Shanghai and Shenzhen markets reached 23,399.22 billion yuan [2][8] - The sectors leading the market included telecommunications, electronics, and comprehensive industries, while media, food and beverage, and real estate sectors lagged [2][8] - Concept sectors such as storage chips and AI PC concepts saw significant gains, while horse racing and e-sports concepts experienced declines [2][8] Industry Analysis - In the automotive sector, the revenue growth rate slightly exceeded the profit growth rate, with total revenue of 1,928.764 billion yuan in the first half of 2025, a year-on-year increase of 7.56%, while net profit reached 80.138 billion yuan, up 6.16% [20][21] - The overall gross margin of the automotive sector decreased to 15.56%, while net margin remained stable at 4.34% [21][22] - The inverter export market showed a decline in overall exports, with September exports amounting to 5.067 billion yuan, a month-on-month decrease of 19.37% but a year-on-year increase of 4.60% [24][25] - The electrical equipment export sector reported stable performance, with total exports in September reaching 8.647 billion yuan, a month-on-month increase of 9.17% and a year-on-year increase of 48.97% [30][31] Company Performance - Dongpeng Beverage reported a third-quarter revenue of 6.107 billion yuan, a year-on-year increase of 30.36%, and a net profit of 1.386 billion yuan, up 41.91% [35][36] - The company’s core product, Dongpeng Special Drink, generated revenue of 12.563 billion yuan, reflecting a year-on-year growth of 19.36% [38][39] - The gross margin for Dongpeng Beverage was 45.21%, slightly down by 0.60% year-on-year, while the net margin improved to 22.68% [39][40]

Group 1 - The company Yongshuntai announced the resignation of two board members, Wu Xinglong and Zhu Guang, due to work arrangements, with Zhu Guang not holding any other positions in the company or its subsidiaries after resignation [1] - As of the latest report, Yongshuntai's market capitalization stands at 5.7 billion yuan [3] Group 2 - For the first half of 2025, Yongshuntai's revenue composition shows that beer manufacturing accounts for 96.03% of total revenue, while other businesses contribute 3.97% [2]

Group 1 - The core point of the article is the resignation of Mr. Zhou Tao from the position of Chief Financial Officer at Yongshuntai, while he will continue to serve as a director of the company [1] - For the first half of 2025, Yongshuntai's revenue composition shows that beer manufacturing accounts for 96.03% and other businesses account for 3.97% [1] - As of the report date, Yongshuntai has a market capitalization of 5.7 billion yuan [1] Group 2 - Related news includes the appointment of Sun Huimin as Vice President and Chief Financial Officer at Xinhua Jin [2] - Quanjude announced the resignation of Shi Lei from the position of Deputy General Manager and Chief Financial Officer [2] - Longxi Co., Ltd. has seen the departure of its director, Chief Financial Officer, and board secretary [2]