该系列活动由北京证监局指导，北上协主办，三家上市公司分别承办，北京上市公司董事、董事会秘 书、证券事务代表、相关领域负责人、媒体记者以及协会秘书处专职工作人员等140余人参加活动。 此次调研座谈活动以"调研参观+座谈交流"的形式开展。各参与调研活动的上市公司代表不仅实地走进 上市公司，观看生产车间及项目地，在座谈交流环节，更是围绕"上市公司如何合理使用并购重组工具 将公司做强做大做优"展开热烈讨论。 近期，北京上市公司协会（以下简称"北上协"）结合当前并购重组的热门背景，根据北京证监局的指导 意见以及北京上市公司的实际需求，围绕以"并购重组与做强做大做优"为专题组织会员单位走进中航机 载系统股份有限公司（以下简称：中航机载）、中国中车股份有限公司（以下简称：中国中车）以及中 国长江电力股份有限公司（以下简称：长江电力）三家行业龙头上市公司。 北上协李洪海秘书长表示，新"国九条"颁布以来，A股市场并购重组活动显著活跃，尤其是在科技、高 端制造、央国企整合等领域。国泰君安吸收海通证券打造世界级投行、中国船舶吸收合并中国重工打造 世界级船王、中国神华一次性整合13家核心能源企业打造7000亿元煤炭巨头以及前不久中金 ...

同步下线的电力机车则具备起动牵引力大、恒功率范围宽、黏着性能优越等技术特点，搭载智能人机交 互与安全防护系统，对制动、防火、高压绝缘等关键环节进行毫秒级监测，构建全方位行车安全防护体 系。 马来西亚铁路衔接公司首席执行官达维斯表示，马来西亚东海岸铁路将贯通马来半岛东西海岸，大幅缩 短通行时间、提升物流效率，推动区域包容性经济增长。未来，这两款高端轨道交通装备将服务于马来 西亚东海岸铁路，为当地民众提供更智能、舒适、便捷的出行服务，进一步提升区域铁路运输效率，推 动当地经济社会发展。 动车组外观涂装以蓝、白为主色调，灵感源自绵延的海浪，与东海岸铁路的滨海意境相呼应。此次下线 的动车组以"智能化、高端化、轻量化"为核心设计理念，搭载具备双重冗余保护的列车网络控制系统， 构建起覆盖全车的"智慧神经网络"，可实时监测牵引、高压、辅助等关键系统运行状态。特别是车载故 障诊断系统响应速度能够达到毫秒级，堪称列车"智能医生"，为行车安全保驾护航。整车通过结构优化 实现轻量化设计，在降低能耗的同时提升运行效率，充分体现绿色制造理念。 "出口马来西亚动车组实现了多个新技术突破，应用了国内最先进列控系统，列车控制驾驶自动化水平 ...

动车组外观涂装以蓝、白为主色调，灵感源自绵延的海浪，与东海岸铁路的滨海意境相呼应。此次下线 的动车组以"智能化、高端化、轻量化"为核心设计理念，搭载具备双重冗余保护的列车网络控制系统， 构建起覆盖全车的"智慧神经网络"，可实时监测牵引、高压、辅助等关键系统运行状态。特别是车载故 障诊断系统响应速度能够达到毫秒级，堪称列车"智能医生"，为行车安全保驾护航。整车通过结构优化 实现轻量化设计，在降低能耗的同时提升运行效率，充分体现绿色制造理念。 11月18日，中车大连机车车辆有限公司(以下简称"中车大连公司")为马来西亚东海岸铁路项目量身打造 的动车组和电力机车成功下线。作为共建"一带一路"的旗舰工程，该项目备受两国政府及社会各界高度 关注。此次下线的动力集中型客运动车组和货运电力机车，将作为该铁路的"核心动力"，助力马来西亚 东海岸铁路迈入高效运营新阶段。 马来西亚铁路衔接公司首席执行官达维斯表示，马来西亚东海岸铁路将贯通马来半岛东西海岸，大幅缩 短通行时间、提升物流效率，推动区域包容性经济增长。未来，这两款高端轨道交通装备将服务于马来 西亚东海岸铁路，为当地民众提供更智能、舒适、便捷的出行服务，进一步提升区域铁 ...

Core Insights - The article highlights the achievements and contributions of Chen Hanlong, a model worker at China Railway Science & Industry Group, emphasizing his dedication to precision machining and innovation in heavy equipment manufacturing [1][2][3] Group 1: Achievements and Innovations - Chen Hanlong has developed the "Chen Hanlong Processing Method," which includes 10 advanced operational techniques and over 30 types of tooling, addressing critical challenges in high-end equipment manufacturing [1][2] - Under his leadership, a specialized lifting tool for thrust heads and mirror plates was designed, ensuring the stable operation of the world's largest hydroelectric turbine units for eight consecutive years [2] - The establishment of the "Chen Hanlong Innovation Studio" aims to mentor young talents, resulting in 68 technological innovations and 15 national patents over seven years [2] Group 2: Contributions to National Development - In 2023, the company collaborated with Tsinghua University to develop a new type of tunnel boring machine, with Chen's team successfully delivering core components without errors after addressing various technical challenges [2] - Chen expresses a commitment to contribute to national development strategies, emphasizing that any position can lead to significant achievements through research and innovation [3]

图为出口马来西亚的动车组在大连下线。 动车组外观涂装以蓝、白为主色调，灵感源自绵延的海浪，呼应东海岸铁路的滨海意象。海浪图形巧妙融入马来西亚本土动植物元素，造型灵动飘逸， 富有地域特色。司机室显示屏支持马来文、中文、英文切换，操控界面简洁直观。车厢内分区明确，智能分区空调与高效空气净化系统保障空气清新，整车 降噪工艺营造静谧舒适的乘车环境。 同步下线的电力机车具备起动牵引力大、恒功率范围宽等技术特点，搭载智能人机交互与安全防护系统，对制动、防火、高压绝缘等关键环节进行毫秒 级监测，构建全方位行车安全防护体系。 此次为马来西亚东海岸铁路量身打造的电动车组与电力机车，是中国中车积极响应共建"一带一路"倡议的又一重要实践。未来，这两款高端轨道交通装 备将服务于马来西亚东海岸铁路，为当地民众提供更智能、舒适、便捷的出行服务，进一步提升区域铁路运输效率，推动当地经济社会发展。 11月18日，中车大连机车车辆有限公司（以下简称"中车大连公司"）为马来西亚东海岸铁路项目量身打造的动车组和电力机车下线，将作为该铁路 的"核心动力"，助力马来西亚东海岸铁路迈入高效运营新阶段。 此次下线的动车组以"智能化、高端化、轻量化"为核心 ...

论坛邀请中国科学院院士贾振元、国家高速列车技术创新中心副主任王宇作主旨报告，同时设 置"轨道交通载运工具结构设计""轨道交通规划与管理""轨道交通基础设施建造与运维""轨道交通安全 与环境"4个分论坛。 11月15日，2025国际智能轨道交通前沿论坛暨2025轨道交通装备制造学术研讨会在大连举行。本次 会议以"轨道交通强国·科技创新引领"为主题，为我国轨道交通装备制造的技术革新与产业升级拓展思 路、注入动能。会上，辽宁省轨道交通装备重点实验室群揭牌。 实验室群以大连交通大学和中车大连机车车辆有限公司为群主单位，集聚轨道交通装备领域相关高 校、科研院所、创新平台，龙头骨干企业及上下游用户、供应商等创新资源，将紧密围绕国家战略需求 和产业高质量发展需求，积极组织承担国家重大任务，实施科技项目，解决企业创新需求，助推成果转 化落地，健全完善科创体系，开放共享资源场景，发挥智库咨询作用，支撑构建具有辽宁特色优势的现 代化产业体系，为国家高水平科技自立自强贡献辽宁力量。 ...

Group 1: Manufacturing Industry Importance - The manufacturing industry is emphasized as the foundation of a nation and a key element for national strength, especially in the context of global industrial chain restructuring [2] - The 20th National Congress of the Communist Party of China highlights the need to accelerate the construction of a manufacturing powerhouse and maintain a reasonable proportion of the manufacturing sector [2] Group 2: Financial Support for Manufacturing - China Bank is committed to supporting national strategies by focusing on key areas such as core technology breakthroughs, traditional industry transformation, and high-quality international expansion, increasing resource investment and optimizing financial supply [2] - By the end of September 2025, the overall and medium-to-long-term loan balances for the manufacturing sector from China Bank are projected to exceed 3.3 trillion yuan and 1.4 trillion yuan, respectively, representing 2.3 times and 3.3 times the levels at the beginning of the 14th Five-Year Plan [2] Group 3: Technology Innovation and Support - Technology innovation is identified as a crucial factor for improving production efficiency and stimulating potential growth rates, necessitating increased R&D and domestic substitution rates [3] - China Bank is expanding credit support in key technology areas such as integrated circuits, CNC machine tools, and biomedicine to promote technological breakthroughs and innovation in the manufacturing sector [3] Group 4: High-end Equipment Manufacturing - High-end equipment manufacturing is described as a critical component of industrial upgrading, with China Bank providing full lifecycle support for projects like the domestically produced large cruise ship "Aida Magic" [4] - China Bank has developed a comprehensive service system to support future industries, including a financial service plan for the low-altitude economy, marking it as the first bank in the industry to do so [4] Group 5: Traditional Manufacturing Revitalization - Traditional manufacturing is recognized as the backbone of China's manufacturing sector, and its upgrade is essential for enhancing supply chain resilience and advancing new industrialization [5] - China Bank is actively responding to national policies for large-scale equipment upgrades, providing comprehensive services such as green approval channels and policy consulting to support traditional manufacturing [5] Group 6: Global Expansion of Chinese Manufacturing - To build a manufacturing powerhouse, China Bank leverages its global presence to support Chinese manufacturing enterprises in participating in international markets [7] - The bank has facilitated various financing services for cross-border projects, including loans for domestic aircraft and high-speed rail, helping Chinese companies expand overseas [7][8] Group 7: Financial Services and Future Outlook - China Bank has established over 1,000 versions of cross-border cash pools for multinational companies, ensuring comprehensive service coverage for state-owned enterprises with overseas financial management needs [8] - The bank aims to continue providing precise, efficient, and comprehensive financial services to contribute to the construction of a modern industrial system that is self-controlled and secure [8]

Group 1 - The core point of the article is that China Ping An Insurance (Group) Co., Ltd. has increased its stake in CRRC Corporation Limited by acquiring 8.634 million shares at an average price of HKD 6.426 per share, totaling approximately HKD 55.4821 million [1] - Following this acquisition, China Ping An's total shareholding in CRRC has reached approximately 223 million shares, representing a holding percentage of 5.09% [1]

Core Insights - The 2025 China International Rail Transit and Equipment Manufacturing Expo showcased advancements in rail transit equipment manufacturing, emphasizing core competitiveness, intelligent upgrades, energy conservation, and application expansion [1][2] Group 1: Industry Developments - The expo featured cutting-edge rail transit products such as high-speed magnetic levitation trains and hybrid locomotives, highlighting China's leading position in rail transit equipment manufacturing [2] - The rail transit system in China supports modernization, with cities like Zhuzhou housing over 400 related enterprises and achieving an annual output value exceeding 100 billion yuan [1] Group 2: Technological Innovations - China CRRC displayed top-tier equipment including the CR450 train set and high-altitude dual-source train, showcasing the country's autonomous innovation capabilities in key technologies [2] - The introduction of AI models for digital factory management and maintenance by CRRC Zhuzhou emphasizes the integration of smart operations in rail transit [2] Group 3: Environmental Initiatives - New products at the expo focused on sustainability, such as a hydrogen storage system capable of holding over 30 kilograms of hydrogen, enabling a range of over 200 kilometers, significantly reducing carbon emissions [3] Group 4: Global Expansion and Market Opportunities - The expo attracted representatives from 19 countries, indicating a strong global interest in China's rail transit products, which are marketed across six continents [4] - The industry is encouraged to explore overseas markets, leveraging China's competitive advantages in technology, cost, and funding [4] Group 5: Future Directions - The emphasis on developing green and intelligent rail transit equipment is seen as essential for future growth, with a call for accelerated R&D of advanced equipment and integrated transportation solutions [5]

Market Overview - The Shanghai Composite Index closed at 4018.60, up 0.53%, while the Shenzhen Component Index rose 0.18% to 13427.61. The ChiNext Index fell 0.92% to 3178.83, and the STAR 50 Index decreased by 0.57% to 1407.56 [1][7] - The overall market saw 3373 companies rise and 1952 decline, with a total trading volume of 21943.71 billion, an increase of 1741.66 billion from the previous trading day [7][10] Economic Policies - The State Council issued measures to promote private investment, including 13 targeted policy initiatives aimed at enhancing private sector participation in key projects and reducing entry barriers [19][20] - The People's Bank of China conducted a 1199 billion reverse repurchase operation, indicating a net injection of 416 billion into the market [22] Industry Dynamics - The National Development and Reform Commission and the National Energy Administration released guidelines to promote the consumption and regulation of renewable energy, aiming for a robust multi-level system by 2030 [24][27] - The IDC reported that China's tablet market shipped 8.49 million units in Q3 2025, a year-on-year increase of 10.9%, with Huawei leading the market share at 32.1% [32][33] - In October 2025, domestic sales of excavators increased by 2.44% year-on-year, while loader sales rose by 33.2% [38][40] Company Updates - Yunda Energy Technology Group signed a wind power project cooperation agreement in Central America, marking its first project in the region and expanding its global footprint [41] - Yuandong Bio announced the initiation of Phase I/II clinical trials for its new drug YLSH003, targeting advanced solid tumors, with the first patient successfully enrolled [43]