转自：成都日报锦观 五载绘新篇 成都都市圈高质量发展 8月24日，轨道交通资阳线的历史累计客运量正式突破1000万人次，标志着该线路迈入"千万级客流时代"，成为推动成都都市圈互联互通的关 键基础设施。张建 摄 12月19日，《现代化成都都市圈高质量发展指数2025》给出重磅结论：成都都市圈综合实力稳居中西部首位，同城化水平跃居全国第一，标志 着其已从"成长期"稳步迈向"提升期"。图为四川天府新区成都直管区。林漫 摄 9月16日，通威太阳能眉山公司成功创建全球光伏电池领域首个"灯塔工厂"。这不仅是四川省本土企业首家"灯塔工厂"，更标志着中国光伏产 业在智能制造与数字化转型领域再一次走在世界前列。近年来，成眉两地在制造业方面深化合作，进行集中对接，将两地产业合作向纵深推 进，共同打造产业生态圈。魏麟潇 摄 时光荏苒，成德眉资同城化发展已走过五载，四市手拉手、齐奋进绘就一幅融合发展的动人画卷。 作为中西部首个由国家层面批复的都市圈，成都都市圈历经5年探索，在成德眉资同城化发展上取得显著成效，不仅为城市协同发展提供了可 资借鉴的样本，更开启了与各地都市圈跨区域联动合作的新篇章。 500余项政务服务实现跨区域通办，24 ...

图为海南封关运作首日繁忙的洋浦港。 12月18日，海南自由贸易港全岛封关运作正式启动，这一历史性时刻标志着中国对外开放迈入全新阶段，为全球消费市场注入强劲动能。作为我国新时代 对外开放的重要门户和国内国际双循环的交汇点，海南自贸港以"零关税"政策扩容、贸易投资自由化便利化为核心引擎，封关首日呈现出免税消费火爆、 跨境消费便捷、文旅消费融合、产业消费联动的蓬勃景象。从1小时售罄的马来西亚进口榴莲到亿元级免税消费盛典，从跨境加工增值的产业红利到全球 品牌集聚的消费升级，海南正以封关为契机，加速构建具有全球影响力的国际旅游消费中心，政策红利逐步转化为惠及全球消费者的切实福利。 免税消费提质升级 政策红利直达终端 封关运作启动当日，中免集团"封关启航"仪式在海口国际免税城举行，重磅推出覆盖全岛6家免税门店的"十二重礼"立体福利体系，发放1.218亿元礼券， 燃动离岛免税消费热潮，将封关红利精准转化为消费动能，进一步放大消费价值。 政策赋能下的免税消费不仅福利丰厚，更实现了商品供给与消费体验的双重升级。封关当日，迪奥美妆全球最大旗舰店、MONCLER（盟可睐）海南首家 全球最新形象双层店等30家新店集中亮相，浪琴表中免 ...

港股今日小幅高开后走弱，三大指数盘中集体翻绿。截止收盘，恒生指数跌0.11%或27.63点，报 25774.14点，全日成交额为1571.31亿港元；恒生国企指数跌0.29%，报8913.83点；恒生科技指数跌 0.69%，报5488.89点。 东吴证券认为，港股或有短期行情，但仍建议保持观察。从中长期配置来看，当前位置有吸引力。短期 美股有望有"圣诞行情"，美股科技股有反弹迹象，港股科技有可能与美股科技形成共振，但解禁仍会对 港股形成扰动。此外，港股配置仍然需要控制仓位。该行担心一月美股科技仍有回调风险。 蓝筹股表现 石药集团(01093)领涨蓝筹。截至收盘，涨7.64%，报8.88港元，成交额27.61亿港元，贡献恒指8.08点。 香港联交所最新资料显示，12月22日，主席兼执行董事蔡东晨增持石药集团1345.4万股，每股作价 8.1957港元，总金额约为1.1亿港元。增持后最新持股数目约为29.1亿股，最新持股比例为25.26%。 其他蓝筹股方面，康师傅控股(00322)涨2.07%，报12.35港元，贡献恒指0.8点；华润电力(00836)涨 1.25%，报17.8港元，贡献恒指0.74点；腾讯控股( ...

Group 1 - Multiple mother funds have been established or announced in regions such as Sichuan, Jiangsu, Zhejiang, and Shandong, focusing on sectors like artificial intelligence, new generation information technology, semiconductors, new materials, high-end equipment, and biomedicine [2] - The Nanjing, Yulin, Hangzhou, Chengdu, and Deyang areas have also seen the establishment of funds primarily targeting artificial intelligence, digital economy, high-end manufacturing, health, biomedicine, aerospace, low-altitude economy, new energy, and new materials [2] - The Zhejiang Provincial Social Security Science and Technology Innovation Equity Investment Fund has completed its filing, marking a successful collaboration between the National Social Security Fund Council and local governments [2] Group 2 - The Chengdu Future Industry Fund has launched its first batch of sub-funds with a total scale of approximately 6.5 billion yuan, indicating a shift from policy layout to actual operation [3] - The Nantong Baoyuehu Science and Technology Innovation Mother Fund has been established with a total scale of 5 billion yuan, focusing on strategic emerging industries [4][5] - The Zhejiang Social Security Science and Technology Innovation Fund has a first-phase scale of 50 billion yuan, targeting key industries such as artificial intelligence and biomedicine [6][7] Group 3 - The Hangzhou Runmiao Fund has been officially established with an initial scale of 2 billion yuan and a duration of 20 years, significantly longer than typical early-stage government-led funds [15] - The Sichuan Guiding Fund has launched an electronic information sub-fund with a target scale of 10 billion yuan, contributing to a total fund scale exceeding 30 billion yuan [14] - The Anhui Weidao Transportation Science and Technology Industry Fund has completed its registration with a total scale of 1 billion yuan, focusing on the transportation technology sector [18]

Core Viewpoint - Dongfang Electric, a leading company in the heavy equipment sector, is making significant moves by forming a joint venture with Anhui Wannen Energy Trading Co., Ltd. to advance a 1 million kW wind power project in Xinjiang [2][3]. Group 1: Joint Venture and Investment - Dongfang Electric's subsidiary, Dongfang Wind Power, will invest in the joint venture by contributing 100% equity of Mulei Dongji New Energy Co., Ltd., valued at 910 million yuan, while Wannen Energy will contribute 947 million yuan in cash [2]. - The registered capital of the joint venture, Mulei Wanden New Energy Co., Ltd., is approximately 1.857 billion yuan, with Dongfang Wind Power holding 49% and Wannen Energy holding 51% [2]. Group 2: Project Details - The 1 million kW wind power project is located in the northeastern part of Mulei County, Xinjiang, and will consist of 150 wind turbines with a single capacity of 6.7 MW, along with supporting substations and energy storage units [2]. - Upon completion, the project is expected to significantly enhance the region's clean energy supply capacity [2]. Group 3: Financial Performance - In the first three quarters of 2025, Dongfang Electric reported new effective orders totaling 88.583 billion yuan, a year-on-year increase of 16.78%, with clean and efficient energy equipment accounting for 36.86% of the orders [3]. - The company's revenue for the same period reached 54.74 billion yuan, reflecting a year-on-year growth of 16.41%, while the net profit attributable to shareholders was 2.966 billion yuan, exceeding the total for 2024 by 13.02% [3]. Group 4: Financial Health - As of the end of the third quarter of 2025, Dongfang Electric's asset-liability ratio stood at 71.27%, which drops to 43.55% when excluding contract liabilities of 45.62 billion yuan [4]. - The company reported cash and cash equivalents of 28.26 billion yuan, a year-on-year increase of 88.41%, indicating strong liquidity [4].

Group 1 - The provincial government of Sichuan has introduced the "Implementation Opinions on Further Deepening Employment Reform to Promote High-Quality and Full Employment," outlining 25 specific measures across five key areas [1][2] - The focus is on establishing a "big employment" framework, enhancing employment support policies, and creating a modern human resources system [1][2] - Local government leaders will be held accountable for employment outcomes, with urban job creation and unemployment rates as key macroeconomic indicators [1][2] Group 2 - Sichuan aims to leverage market-oriented employment channels to create more job opportunities and promote coordinated economic and employment growth [2][3] - The government plans to support key industries such as artificial intelligence, healthcare, and advanced manufacturing to expand employment capacity [2][3] - Policies will be implemented to provide financial support, tax incentives, and subsidies to businesses that hire unemployed individuals, particularly targeting grassroots and private enterprises [2][3] Group 3 - Employment support for specific groups, including recent graduates and veterans, will be enhanced through simplified processes and incentives [3][4] - The government encourages flexible hiring practices and aims to create diverse job opportunities for older individuals [3][4] - A comprehensive labor service system will be established to support migrant workers and promote high-quality employment initiatives [4]

Core Insights - The "2025 China-foreign Famous Enterprises Sichuan Event" took place from 22nd to 24th in Chengdu, resulting in 340 signed investment cooperation projects with a total investment amount of 263.06 billion yuan [1] Group 1: Event Overview - The event focused on the theme "Building Industrial Ecosystems for a Win-Win Future," emphasizing technological innovation and industrial development to support Sichuan's "15+N" key industries [1] - A significant highlight was the investment promotion conference and project cooperation agreement signing ceremony held on the 23rd, where 14 representative projects were signed, including a humanoid robot manufacturing headquarters in Mianyang and an AI mobile medical hub in Zigong [1] Group 2: Historical Context and Impact - Since its inception in 2014, the "China-foreign Famous Enterprises Sichuan Event" has become a major investment promotion platform, attracting over 6,200 well-known enterprises and nearly 10,000 guests, facilitating more than 7,500 signed investment cooperation projects [2] - This year, 150 participating enterprises were state-owned or from the "Top 500" category, marking a recent high, with over 70% aligning with Sichuan's key industrial chain development direction [2] Group 3: Sector Growth and Opportunities - There was a notable increase in participation from artificial intelligence, software, and information service companies, growing approximately 40% compared to last year, while new energy and high-end energy equipment sectors saw a growth of about 35% [2] - The event featured various specialized activities aimed at enhancing cooperation, including breakfast meetings, investment discussions, and promotional events for strategic mineral resources [2]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內 容 概 不 負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示，概 不對因本公告全部或任何部份內容而產生或因倚賴該等內容而引致的 任 何 損 失 承 擔 任 何 責 任。 東方電氣股份有限公司 馮 勇 聯席公司秘書 中國‧四川省‧成都 2025年8月28日 海外監管公告 2025年半年度報告 本公告乃根據香港聯合交易所有限公司證券上市規則第13.10B條而作出。 茲載列東方電氣股份有限公司在上海證券交易所網站(www.sse.com.cn) 刊 登 之《東 方 電 氣 股 份 有 限 公 司2025年 半 年 度 報 告》，僅 供 參 閱。 承董事會命 於 本 公 告 刊 發 日 期，本 公 司 董 事 如 下： 非 執 行 董 事： 羅 乾 宜（董 事 長）及 張 少 峰 董 事： 張彥軍及孫國君 獨 立 非 執 行 董 事： 黃 峰、曾 道 榮 及 陳 宇 东方电气股份有限公司 2025 年半年度报告 公司代码：600875 公司简称：东方电气 东方电气股份有限公司 2025 年半年度报告 1 东方电 ...

Core Insights - The article highlights the progress and achievements of the Chengdu metropolitan area in promoting urban integration among Chengdu, Deyang, Meishan, and Ziyang over the past five years, transitioning from basic infrastructure connectivity to advanced industrial collaboration and regional synergy [1][4][15] Economic Growth - The economic output of the Chengdu metropolitan area is projected to increase from 2.24 trillion yuan in 2020 to 2.98 trillion yuan in 2024, with an average annual growth rate surpassing national and provincial levels [1] - The GDP contribution of the four cities to the province rose from 46% in 2020 to 48.5% in the first quarter of this year, with a target to exceed 3.3 trillion yuan by 2025 [1] Inter-City Collaboration - In 2024, the number of enterprises engaged in cross-city cooperation in the Chengdu metropolitan area reached 2,860, marking a 21.8% increase from 2023, significantly outpacing GDP growth in the region [2] - Numerous examples of successful inter-city collaborations include the joint development of hydrogen fuel cell buses and the establishment of a complete industrial chain for low-speed unmanned delivery vehicles [3][6] Innovation and Industry Development - The metropolitan area has seen the emergence of innovative collaboration models such as "R&D + manufacturing" and "headquarters + base," enhancing product iteration speed by 30% [6][7] - The Chengdu metropolitan area is home to over 13,000 high-tech enterprises as of 2024, nearly double the number in 2020, reflecting the impact of continuous innovation and collaboration [12] Infrastructure and Policy Support - The establishment of a five-level working mechanism and a comprehensive planning system has facilitated effective resource allocation and governance across the metropolitan area [12][13] - The "Tianfu Science and Technology Corridor" has become a hub for innovation, with significant investments in technology and infrastructure to support industrial growth [7][8] Future Outlook - The Chengdu metropolitan area is positioned to evolve from a phase of growth to one of enhancement by 2025, with ongoing innovations and collaborations expected to address future uncertainties [15]

Core Viewpoint - The Chengdu-Deyang-Meishan-Ziyang (CDMZ) urban integration development is emerging as a new engine for high-quality development in Western China, focusing on industrial clusters and breaking administrative barriers to create a modern industrial system through collaborative efforts over five years [2][4]. Group 1: Industrial Collaboration - The four cities have implemented a "functional complementarity and differentiated development" strategy to address their respective industrial shortcomings, leading to a series of effective explorations and practices [3]. - Chengdu focuses on research and design, Deyang aims to build a world-class heavy equipment manufacturing base, Meishan is developing a new materials industry hub, and Ziyang is cultivating a rail transit cluster and specialized dental industry [3]. Group 2: Economic Growth and Industrial Clusters - The economic output of the Chengdu metropolitan area is projected to grow from 2.24 trillion yuan in 2020 to 2.98 trillion yuan by 2024, with an average annual growth rate exceeding national and provincial averages [4]. - By 2025, the output value of nine key industrial chains in the Chengdu metropolitan area is expected to exceed 1.2 trillion yuan, with 14 national-level industrial clusters, including electronics and equipment manufacturing, reaching over 1 trillion yuan in scale [4]. Group 3: Infrastructure and Connectivity - Over five years, more than 200 billion yuan has been invested in transportation projects, significantly reducing average commuting time between the four cities from 2 hours to 1 hour, thus facilitating industrial collaboration [6]. Group 4: Public Services and Talent Mobility - The "Chengdu-Deyang-Meishan-Ziyang Unified Service" initiative has enabled 505 high-frequency services to be processed across cities, enhancing talent mobility and providing strong support for industrial development [9]. Group 5: Future Development and Goals - The CDMZ urban integration is set to accelerate towards higher levels of development, focusing on innovation collaboration, deepening open cooperation, and optimizing ecological systems, with plans to establish two world-class industrial clusters and four trillion-yuan industrial clusters by 2030 [10][13].