Group 1: CPI Insights - In November 2025, the CPI increased by 0.7% year-on-year, while the PPI decreased by 2.2% year-on-year[7] - The core CPI remained high at 1.2% year-on-year, unchanged from the previous month, marking the highest level since February 2024[10] - Food prices contributed positively to the CPI, with fresh vegetable prices rising by 7.2% month-on-month, while pork prices fell by 2.2%[8] Group 2: PPI Analysis - The PPI showed a month-on-month increase of 0.1%, but the year-on-year decline expanded to 2.2%[15] - Upstream prices were supported by rising global non-ferrous metal prices, while the impact of "anti-involution" policies continued to manifest in certain industries[15] - Coal mining and non-ferrous mining sectors led the PPI increase, with coal prices rising by 4.1% month-on-month[15] Group 3: Policy and Market Outlook - The "14th Five-Year Plan" and recent central economic meetings emphasized the importance of service consumption, indicating a potential shift in price recovery drivers towards service CPI in 2026[14] - The effectiveness of fiscal subsidies and anti-involution policies is expected to continue influencing market dynamics, with a focus on core service CPI recovery elasticity[14] - Risks remain regarding the uncertainty in the real estate market and the potential inadequacy of policy measures[4]

每经头条（nbdtoutiao）——中标企业频频弃标 大型医疗设备采购有何难言之隐？ 每经AI快讯，甘肃能化（SZ 000552，收盘价：2.33元）12月16日晚间发布公告称，公司第十一届第七 次董事会会议于2025年12月16日在兰州市七里河区瓜州路1230号甘肃能化19楼会议室以现场和通讯相结 合的方式召开。会议审议了《关于下属全资子公司股权内部无偿划转的议案》等文件。 2025年1至6月份，甘肃能化的营业收入构成为：煤炭采选业占比56.76%，电力占比19.6%，建筑业占比 8.36%，化工行业占比7.64%，其他业务收入占比4.75%。 截至发稿，甘肃能化市值为125亿元。 （记者 张明双） ...

Group 1 - The core viewpoint of the article highlights the recent announcement by Pingmei Shenhua Coal Industry Co., Ltd. regarding its board meeting and financial performance [1] - The company held its 48th meeting of the 9th board of directors on December 15, 2025, via communication voting, where it reviewed the proposal to change the accounting firm [1] - For the year 2024, the revenue composition of Pingmei Shenhua indicates that the coal mining sector accounts for 89.51% of total revenue, while other businesses contribute 10.49% [1] Group 2 - As of the report, Pingmei Shenhua's market capitalization stands at 20.3 billion yuan [2]

Group 1: CPI Analysis - The core CPI year-on-year remains high at 1.2%, unchanged from the previous month, marking the highest level since February 2024[7] - In November, the overall CPI increased by 0.7% year-on-year, supported by food prices and consumption subsidies[7] - Food prices rose by 0.5% month-on-month, with fresh vegetable prices increasing by 7.2% due to weather factors[8] Group 2: PPI Insights - The PPI decreased by 2.2% year-on-year in November, with a month-on-month increase of 0.1%[18] - The decline in PPI is influenced by falling international oil prices, while upstream prices for coal and non-ferrous metals have risen[18] - The "anti-involution" policy continues to impact industrial prices, with coal mining prices increasing by 4.1% month-on-month[18] Group 3: Future Outlook - The recovery of service CPI is expected to be a key variable for price stabilization in 2026, shifting focus from physical consumption[17] - The ongoing emphasis on service consumption in the "14th Five-Year Plan" and central economic work conference highlights the need for policy support[17] - Risks remain regarding the uncertainty in the real estate market and potential inadequacies in policy measures[24]

每经头条（nbdtoutiao）——处方药变"瘾品"：国内首次报告普瑞巴林滥用致成瘾病例，网络平台暴 露"无病历可购药"漏洞，列管与否尚需科学考量 （记者 曾健辉） 2024年1至12月份，淮北矿业的营业收入构成为：其他业务占比58.53%，煤炭采选业占比25.67%，煤化 工行业占比15.8%。 截至发稿，淮北矿业市值为312亿元。 每经AI快讯，淮北矿业（SH 600985，收盘价：11.6元）12月8日晚间发布公告称，公司第十届第八次董 事会会议于2025年12月8日以现场结合通讯方式召开。会议审议了《关于2026年度日常关联交易预计的 议案》等文件。 ...

Core Viewpoint - Jizhong Energy has reported significant share pledges by its subsidiaries, indicating potential liquidity issues and a heavy reliance on coal mining for revenue generation [1] Company Summary - As of the announcement date, Fengfeng Group has pledged approximately 299 million shares, accounting for 50% of its holdings [1] - Handan Mining Group has pledged around 112 million shares, representing 45.88% of its holdings [1] - Zhang Mining Group has pledged 10 million shares, which is 50% of its holdings [1] - Jizhong Energy's market capitalization stands at 20.9 billion yuan [1] Industry Summary - For the first half of 2025, Jizhong Energy's revenue composition is as follows: coal mining accounts for 78.34%, the chemical industry for 14.09%, the building materials industry for 7.08%, the power industry for 0.35%, and other industries for 0.14% [1]

Group 1 - The core point of the article is that Jizhong Energy announced the convening of its 19th board meeting on November 21, 2025, to discuss governance system revisions [1] - For the first half of 2025, Jizhong Energy's revenue composition is as follows: coal mining accounts for 78.34%, chemicals for 14.09%, building materials for 7.08%, electricity for 0.35%, and other industries for 0.14% [1] - As of the report date, Jizhong Energy has a market capitalization of 21 billion yuan [1]

Group 1 - The core point of the article is that Jizhong Energy announced the convening of its 18th meeting of the 8th Board of Directors on November 5, 2025, to discuss the appointment of the company's chief accountant and other documents [1] - For the first half of 2025, Jizhong Energy's revenue composition is as follows: coal mining and selection accounted for 78.34%, chemical industry 14.09%, building materials 7.08%, electricity 0.35%, and other industries 0.14% [1] - As of the time of reporting, Jizhong Energy has a market capitalization of 22 billion yuan [1]

Group 1 - Gansu Energy Chemical held its 11th sixth board meeting on October 29, 2025, to discuss the proposal for reappointing the accounting firm [1] - For the first half of 2025, Gansu Energy Chemical's revenue composition was as follows: coal mining accounted for 56.76%, electricity for 19.6%, construction for 8.36%, chemicals for 7.64%, and other business revenues for 4.75% [1] - As of the report date, Gansu Energy Chemical's market capitalization was 14.1 billion yuan [1]

Group 1 - The company Pingmei Shenma Energy Company Limited (平煤股份) announced the resignation of Mr. Xu Jinpeng from the positions of director and board secretary due to work adjustments, and Mr. Liu Jinxiang has been appointed as the new board secretary [1] - For the fiscal year 2024, the company's revenue composition is as follows: coal mining and selection industry accounts for 89.51%, while other businesses account for 10.49% [1] - As of the report date, the market capitalization of Pingmei Shenma is 21.6 billion yuan [1]