打造友好适配的产业生态环境，首次被写入上海营商环境的行动方案。 1月4日发布的《上海市加快打造国际一流营商环境行动方案（2026年）》（下称"9.0版行动方案"） 中，产业生态环境与政务服务环境、市场竞争环境、社会共治环境一起，作为要重点打造的四大环境， 形成了26条举措。 多家企业和专家都第一时间注意到了这一变化。 上海市经济信息中心副主任赵磊表示，行动方案首次提出"产业生态环境"的重点方向，对产业发展亟需 的空间载体、融资服务、人力资源、楼宇服务、产业生态等软硬件环境建设的工作要求予以明确，有力 释放了以改革促发展的强烈信号。 博泰车联网科技（上海）股份有限公司（02889.HK）董事长应宜伦对第一财经表示，当前，人工智 能、具身智能、自动驾驶、无人装备等的产业链正在重构中，上海注重产业生态建设，对于博泰这样具 有引领作用的科创企业而言是非常振奋的。"下一步博泰也会涉及相关产业，可以更好带动好产业链发 展。" 从加强空间载体保障、便利融资服务、提升人力资源服务、强化园区楼宇服务、优化产业生态、打造营 商环境品牌等6方面入手，9.0版行动方案提出了多项举措。 其中明确，探索标地营造制度，构建土地分类开发体系 ...

2026.01. 04 本文字数：4593，阅读时长大约7分钟 作者 | 第一财经 胥会云 1月4日，2026年的首个工作日，上海召开2026年全市优化营商环境大会，同时发布《上海市加快 打造国际一流营商环境行动方案（2026年）》（下称"9.0版行动方案"），以企业感受度为导向， 推出26条任务举措。 这是上海自2018年以来，连续9年召开全市营商环境大会，并发布优化营商环境行动方案。不同的 是，大会从往年的新春第一会，首次前置为了新年第一会。大会召开时间从春节后的第一个工作日， 提前到了元旦后的第一个工作日，以更早推动营商环境提质增效，为实现"十五五"良好开局提供有 力支撑。 上海市委书记陈吉宁指出，全市上下要强化"一盘棋"意识，争当敢打敢拼敢争先的"小老虎"，干字 当头、奋力一跳，认真抓好9.0版行动方案的落实，推动上海营商环境实现新的更大跃升。 连续9年深化迭代 得益于连年不间断的聚焦，上海营商环境已经有了明显的提升和优化。 上海市经济信息中心副主任赵磊则表示，自2018年起，上海营商环境改革已历经了多年的深度迭 代，每版都有针对性的新举措，每年都有热点性的新回应。2026年方案同样对企业发展中的新问 ...

打造友好适配的产业生态环境，首次被写入上海营商环境的行动方案。 1月4日发布的《上海市加快打造国际一流营商环境行动方案（2026年）》（下称"9.0版行动方案"） 中，产业生态环境与政务服务环境、市场竞争环境、社会共治环境一起，作为要重点打造的四大环境， 形成了26条举措。 多家企业和专家都第一时间注意到了这一变化。 上海市经济信息中心副主任赵磊表示，行动方案首次提出"产业生态环境"的重点方向，对产业发展亟需 的空间载体、融资服务、人力资源、楼宇服务、产业生态等软硬件环境建设的工作要求予以明确，有力 释放了以改革促发展的强烈信号。 博泰车联网科技（上海）股份有限公司（02889.HK）董事长应宜伦对第一财经表示，当前，人工智 能、具身智能、自动驾驶、无人装备等的产业链正在重构中，上海注重产业生态建设，对于博泰这样具 有引领作用的科创企业而言是非常振奋的。"下一步博泰也会涉及相关产业，可以更好带动好产业链发 展。" 友好适配的产业生态环境什么样？ 其中明确，探索标地营造制度，构建土地分类开发体系，强化土地供给与产业功能之间的精准匹配。支 持以企业承诺、园区楼宇推荐等方式加快符合条件的产业项目落地。建设全市统一的 ...

上海市委书记陈吉宁指出，全市上下要强化"一盘棋"意识，争当敢打敢拼敢争先的"小老虎"，干字当 头、奋力一跳，认真抓好9.0版行动方案的落实，推动上海营商环境实现新的更大跃升。 连续9年深化迭代 这是上海自2018年以来，连续9年召开全市营商环境大会，并发布优化营商环境行动方案。不同的是， 大会从往年的新春第一会，首次前置为了新年第一会。大会召开时间从春节后的第一个工作日，提前到 了元旦后的第一个工作日，以更早推动营商环境提质增效，为实现"十五五"良好开局提供有力支撑。 得益于连年不间断的聚焦，上海营商环境已经有了明显的提升和优化。 今年的上海优化营商环境大会，从往年的新春第一会，首次前置为了新年第一会。 1月4日，2026年的首个工作日，上海召开2026年全市优化营商环境大会，同时发布《上海市加快打造国 际一流营商环境行动方案（2026年）》（下称"9.0版行动方案"），以企业感受度为导向，推出26条任 务举措。 在华东政法大学副校长罗培新看来，这样的顶层设计，体现了政策制定者对营商环境的深刻体察。 上海市经济信息中心副主任赵磊则表示，自2018年起，上海营商环境改革已历经了多年的深度迭代，每 版都有针对性的 ...

Core Insights - The competition between Tianjin and Qingdao for the title of "Northern Second City" is intensifying, with GDP differences narrowing significantly from 1.83 times in 2015 to just 42.61 billion yuan in 2023 [1][3][5] - Qingdao's economic growth rate of 5.4% surpasses Tianjin's 4.7%, indicating a stronger growth momentum [3][5] - The economic rivalry is not only about city rankings but also reflects broader national economic dynamics, with Qingdao potentially surpassing Tianjin by the end of 2024 [5][20] Economic Performance - Tianjin's GDP reached 13,416.08 billion yuan in the first three quarters of 2023, while Qingdao's GDP was 13,373.47 billion yuan, a difference of only 42.61 billion yuan [1] - Qingdao's GDP increment for the first three quarters was 974.37 billion yuan, compared to Tianjin's 742.21 billion yuan, highlighting Qingdao's stronger economic growth [5] - In 2024, Qingdao's per capita disposable income is projected to be 68,800 yuan, significantly higher than Tianjin's 57,700 yuan [18] Industrial Dynamics - Qingdao's industrial output value increased by 7.7% year-on-year, with equipment manufacturing growing by 12.2%, accounting for 55.7% of the total industrial output [9][12] - Tianjin maintains a robust industrial base with an industrial output value of 5,738.71 billion yuan in 2024, supported by 12 key industrial chains [12][14] - The growth of new production capacities in Qingdao is notable, with significant increases in the production of optoelectronic devices (77%), integrated circuit wafers (68%), and virtual reality devices (65.8%) [11] Strategic Positioning - Tianjin benefits from its status as a direct-controlled municipality, which provides advantages in national strategic projects and innovation resource integration [14][16] - Qingdao, while a lower administrative level city, has a strong regional influence, with a resource aggregation capability that attracts talent and industry from surrounding areas [16] - Both cities are focusing on future development, with Tianjin aiming for high-quality growth and Qingdao targeting a GDP of over 20 trillion yuan by 2025 [20][22] Future Outlook - Analysts suggest that while Qingdao is closing the gap, Tianjin's historical "second-half surge" in GDP could complicate Qingdao's efforts to surpass it in 2025 [20] - The ultimate winner in the competition for the "Northern Second City" will depend on which city can achieve a successful industrial transformation and lead the high-quality development of the northern economy [22]

Core Viewpoint - The company, Huihan Co., Ltd., is strategically investing in the commercial aerospace and satellite communication sectors by leveraging its expertise in intelligent connected vehicles and low-cost, high-reliability automotive components [1][3]. Group 1: Investment Strategy - Huihan Co., Ltd. has signed a partnership agreement with Huafu Capital Management to establish a private equity fund named Jiaxing Huahan Equity Investment Partnership, which will invest 100 million yuan in a commercial aerospace enterprise [1]. - The fund has a lifespan of five years, with one year designated for investment and four years for exit [1]. Group 2: Business Focus - The company specializes in providing intelligent connected solutions for smart vehicles and the industrial Internet of Things, focusing on the research, production, and sales of vehicle networking intelligent terminals and IoT smart modules [2]. - In the energy sector, Huihan Co., Ltd. has developed a digital energy management solution that enhances battery lifecycle management and aims to activate data and energy trading markets [2]. Group 3: Strategic Alignment - The investment in commercial aerospace aligns with national strategies for becoming a space power and advancing new infrastructure, laying the groundwork for the company's exploration of new fields [3]. - The investment will be funded by the company's own resources and is not expected to adversely affect its normal operations or financial status [3].

Group 1: New Companies Listed - A total of 10 new companies were listed, with an average revenue of 732 million and a median of 699 million; the average net profit was 47.53 million, with a median of 40.94 million. Notable companies include Yaxun Zhiliang, Qingwa Pump Industry, and Yinuo Biotech [4][16][19] - Yaxun Zhiliang (874947.NQ) is a full-stack integrated vehicle networking software and component supplier, with expected revenue of 801 million and a net profit of 42.03 million in 2024. The company holds 463 domestic and 10 foreign invention patents [4][5][17] - Qingwa Pump Industry (874926.NQ) is recognized as an "invisible champion" in the well submersible pump sector, with a revenue of 537 million and a net profit of 104 million in 2024. The company has ranked first in national sales for six consecutive years from 2019 to 2024 [4][36] - Yinuo Biotech (875019.NQ) specializes in bio-based furan and polyol, with expected revenue of 945 million and a net profit of 104 million in 2024. The company is expanding its applications into various sectors including aerospace and high-end electronic materials [5][19] Group 2: Market Data and Trends - As of December 28, 2025, there are 5,956 companies listed on the New Third Board, with 2,295 in the innovation layer and 3,661 in the basic layer. The number of listed companies has decreased to below 6,000 [3][6] - The total market capitalization of listed companies reached 24,194.71 billion as of November 2025, with a total transaction amount of 53.09 billion in November 2025 and an annual total of 574.17 billion [6][39] - The market for stainless steel well submersible pumps is projected to grow from 2.01 billion in 2018 to 5.55 billion by 2028, with a CAGR of 10.69%. The penetration rate of stainless steel pumps is expected to increase from 27.8% in 2018 to 41.1% by 2028 [42][46] Group 3: Company Innovations and Competitive Landscape - Yaxun Zhiliang has established a strong R&D foundation with 487 technical personnel and has participated in the formulation of 11 national standards and 6 industry standards. The company has received multiple national honors, enhancing its competitive edge [21][30] - Qingwa Pump Industry has developed a comprehensive product system with over 500 models, focusing on energy efficiency and environmental protection. The company is positioned to replace traditional cast iron pumps with its stainless steel products due to their superior characteristics [40][45] - The competitive landscape in the well submersible pump market includes both specialized companies like Qingwa and multi-category pump manufacturers. The market is characterized by a mix of small-scale enterprises and larger firms with diverse product lines [45][46]

Core Viewpoint - The financing difficulties faced by small and medium-sized private enterprises (SMEs) in China are significant, characterized by challenges such as high costs, limited access, and slow processes, which hinder their growth and development [1][2]. Group 1: Financing Challenges - SMEs contribute over 50% of tax revenue and 60% of GDP in China, representing over 90% of all enterprises and providing more than 80% of urban employment [1]. - The financing issues can be summarized as "difficult to borrow, expensive to borrow, and slow to borrow" [2]. - Key factors contributing to these challenges include short loan terms, insufficient loan amounts, limited financing channels, and high overall costs [3][4][5][6][7]. Group 2: Case Studies of Successful Financing - Xiamen Youxun Co., a leading private enterprise in optical communication chips, overcame initial funding challenges with the help of local financial support, including a 1 million yuan technology loan guarantee from Xiamen Jinyuan Group [9][10]. - Xiamen Yaxun Zhiliang has become a leading player in the vehicle networking sector, receiving investment from Xiamen Jinyuan Group to support its growth in the rapidly developing new energy industry [12][13]. - The success stories highlight the importance of financial institutions in providing timely support to SMEs, enabling them to navigate funding difficulties and seize market opportunities [14]. Group 3: Innovative Financial Solutions - Xiamen Jinyuan Investment Group has developed over 200 financial products and services tailored to the lifecycle of enterprises, addressing the specific needs of SMEs [15][16]. - The group has implemented a government-backed financing guarantee system to assist enterprises lacking collateral, offering favorable guarantee rates for loans up to 10 million yuan [17]. - Customized financing services are provided based on industry characteristics and business stages, including innovation funds for tech companies and emergency repayment projects for those under financial pressure [18]. Group 4: Digital and Efficient Financing Processes - Xiamen Jinyuan Group has established a "digital + inclusive" service platform, allowing enterprises to apply for loans and complete approvals online, significantly reducing processing times [20][21]. - The platform has streamlined approval processes, cutting down traditional approval times from weeks to days, enhancing accessibility for SMEs [21]. - By integrating various financial tools, the group has supported over 2,600 enterprises and approved funding exceeding 16 billion yuan in the first half of 2024 [25].

Core Viewpoint - The launch of L3-level conditional autonomous driving vehicles in China marks a significant milestone in the development of intelligent transportation, transitioning from the "assisted driving era" to the "autonomous driving era" [1] Group 1: Company Overview - Wanma Technology is a leading third-party vehicle networking service provider in China, focusing on building a dedicated core network and connection management platform for vehicle networking, ensuring stable connections and rapid service responses [2] - The company has established a business structure that includes global vehicle connectivity capabilities, professional platforms and services, and integrated hardware-software solutions [1][2] Group 2: Technological Advancements - The transition to L3-level autonomous driving shifts the responsibility for accidents from drivers to vehicle manufacturers, necessitating higher standards for network communication, data processing, and safety redundancy [3] - Wanma Technology has developed a comprehensive technical barrier from basic networking services to advanced intelligent driving data processing, addressing the high demands of autonomous driving scenarios [3] Group 3: Product Solutions - The DSDA dual-active link solution enhances connection reliability for autonomous vehicles by providing redundancy and load balancing based on link quality, ensuring stable networking for autonomous driving [4] - Wanma Technology's "Aoyun" autonomous driving solution integrates "end, management, cloud, and edge" to improve data loop efficiency, featuring AI-based automated labeling capabilities for multi-modal data processing [4] Group 4: Market Opportunities - The company emphasizes the importance of Robotaxi and Robovan as key business areas, recognizing the global demand for intelligent networking and the need for standardized solutions to facilitate rapid deployment [5][6] - Wanma Technology has established partnerships with major automotive manufacturers like Geely, Li Auto, and Dongfeng, providing overseas connectivity services and addressing challenges such as data compliance and localization [6] Group 5: Strategic Collaborations - A recent collaboration with Baidu's Apollo in the Robotaxi sector aims to advance the commercialization of autonomous driving, leveraging Wanma Technology's integrated solutions [6] - The company plans to continue its focus on "overseas expansion" and "autonomous driving" as primary growth strategies, aiming for sustainable development in the rapidly growing vehicle networking market [7]

Group 1 - Wanma Technology (SZ 300698) announced the release of 120,000 shares from pledge by major shareholder Yan Nan, who has a total of 6.58 million pledged shares, accounting for 98.21% of his holdings [1] - As of the announcement date, Wanma Technology has a market capitalization of 5.7 billion yuan [1] - For the first half of 2025, Wanma Technology's revenue composition is as follows: 48.67% from the telecommunications sector, 46.44% from the vehicle networking sector, and 4.89% from medical products [1]