一纸解聘公告牵出一起劳动争议罗生门。11月19日，港股上市公司汇通达发布公告，指出前董秘倪娟存 在隐瞒违规事实，且任期内未达成绩效目标，已于6月30日与其解除劳动关系。而在次日凌晨，倪娟则 发布声明称前述公告内容严重失实，并表示其与汇通达的劳动争议在经过劳动仲裁程序无果后，已正式 向南京市玄武区人民法院提起诉讼。 倪娟在声明中表示，汇通达招聘她的核心目的是利用其资源及经验对接A股上市事宜，此次解除劳动关 系，为规避应尽义务。在纠纷发酵的同时，汇通达公告将收购创业板上市公司金通灵25%股权，并将以 此实现H+A资本运作平台搭建。南都湾财社记者也就此次解聘风波是否与收购金通灵股份相关等问题 向汇通达发去采访函，截至发稿时未获回应。 被指隐瞒违规、未达成绩效 前董秘发声明：内容不实 倪娟在声明中称，相关监管警示函所涉内容，一项为其配偶的股票交易行为，另一项为原任职上市公司 控股股东的资金占用问题。这两项均非其本人直接决策或操作所致，与其本人履职汇通达的职责无直接 关联。 同时，倪娟还在声明中表示，在相关监管函件发布后，她本人已第一时间向汇通达实际控制人及五星控 股集团人力资源部门进行专项汇报，并提交了书面说明材料， ...

奥克斯电气 20251126 摘要 奥克斯电器预计 2026 年外销将实现三位数增长，内销增速虽受竞争影 响有限，但仍将略优于市场平均水平。在价格战不明朗的情况下，总体 利润可能同比微增，公司将持续关注中央空调、多联机、大型机组以及 热管理领域的发展。 受气候和地缘政治因素影响，2025 年奥克斯电器出口业务有所下滑， 但凭借在中东、东南亚、东欧和南美等优势市场的良好表现，预计 2026 年订单量同比增长约 20%，实现双位数规模增长。海外市场竞争 将因国内企业纷纷转向外销而加剧。 奥克斯电器通过国家代理和自营销售公司两种模式拓展海外市场，对当 地经销商具有一定把控能力。公司通过拓展网络和促销活动赋能代理商， 进行精细化库存管理，以应对气候等因素导致的库存波动。 奥克斯电器与美的、格力等龙头企业共享供应商，拥有较新的工厂和较 高的自动化率及自制率，产能利用率高达 90%以上，通过国产化、平台 化、通用化整合，提高了整体研发、制造和供应链效率，具备成本优势。 Q&A 铜价上涨对奥克斯电器成本构成压力。公司通过锁定外销订单总价并进 行锁铜套保来确保毛利，内销部分则通过价格传导至市场。2025 年铜 价上涨已反映在 ...

资料显示，金通灵科技集团股份有限公司位于江苏省南通市钟秀中路135号，成立日期1993年4月9日， 上市日期2010年6月25日，公司主营业务涉及大型工业鼓风机、多级高压离心鼓风机、压缩机、高效汽 轮机等多种规格的高端流体机械产品的研发、制造、应用及系统集成、配套工程。主营业务收入构成 为：鼓风机38.82%，系统集成建设类项目16.34%，锅炉销售13.12%，压缩机12.00%，其他9.68%，系统 集成运营类项目6.33%，汽轮机3.71%。 金通灵所属申万行业为：机械设备-通用设备-其他通用设备。所属概念板块包括：低价、小盘、生物质 能、乡村振兴、生态农业等。 截至9月30日，金通灵股东户数4.26万，较上期减少6.29%；人均流通股34613股，较上期增加6.71%。 2025年1月-9月，金通灵实现营业收入5.48亿元，同比减少47.95%；归母净利润-2.68亿元，同比减少 91.08%。 分红方面，金通灵A股上市后累计派现1.09亿元。近三年，累计派现0.00元。 11月24日，金通灵（维权）盘中上涨2.05%，截至14:24，报2.98元/股，成交9409.45万元，换手率 2.16%，总市 ...

Group 1 - The forum emphasized the coexistence of strategic opportunities and risks, highlighting the need for proactive measures in the face of increasing uncertainties [1] - The 20th Central Committee's fourth plenary session outlined strategies for building a strong domestic market and accelerating the establishment of a high-level socialist market economy [1] - The focus on expanding international circulation and enhancing high-level openness aims to create a new landscape of win-win cooperation, ensuring that development initiatives remain under national control [1] Group 2 - China Enterprises are encouraged to adopt a market-oriented approach, integrating into a unified national market while prioritizing long-term value over short-term gains [1] - The emphasis on developing new productive forces highlights the importance of integrating technological and industrial innovation to build a modern industrial system [1] - Companies are urged to strengthen their role in technological innovation and optimize supply chains [1] Group 3 - The global market presents vast development opportunities, making international expansion a necessary strategy for Chinese enterprises [1] - The establishment of a comprehensive service platform for mainland enterprises going abroad is a key focus for companies like Huoyingdong Group [1] - There is a strong emphasis on innovation and collaboration between different sectors, particularly in the Guangdong-Hong Kong region [1] Group 4 - Gree Electric Appliances has made significant advancements in mastering key core technologies across various product categories, emphasizing the importance of sustained focus on independent innovation [1] - The autonomous driving industry in China is in a critical phase, requiring collaboration between government and enterprises across multiple dimensions, including standards, infrastructure, and data security [1] - The need for a cohesive approach to build a globally competitive ecosystem in the autonomous driving sector is highlighted [1]

11月18日，在全党全国深入学习宣传贯彻党的二十届四中全会精神之际，由《中国经济周刊》杂志社主 办的第二十届中国经济论坛在广东省广州市南沙经济技术开发区举行，本届论坛主题为"中国式现代化 与'十五五'中国经济展望"。全国人大常委会副委员长彭清华出席论坛并致辞。 会上，中央和国家机关有关部门负责同志、地方政府主管部门代表、企业负责人和专家学者代表等齐聚 一堂，为乘势而上、接续推进中国式现代化建设共谋大计、共商良策。 ——编者 "十五五"时期必须牢牢把握推动高质量发展这个"主题"和"首要任务" 高质量发展是全面建设社会主义现代化国家的首要任务。论坛上，推动"十五五"时期高质量发展成为与 会嘉宾热议的话题。 彭清华表示，习近平总书记近日在广东考察时强调"广东是改革开放的排头兵、先行地、实验区"，勉励 广东"以全面深化改革开放推动高质量发展"，充分体现了党中央进一步全面深化改革开放的坚定决心和 对广东的殷切期望。"十五五"时期必须牢牢把握推动高质量发展这个"主题"和"首要任务"，坚持以高水 平科技自立自强为核心驱动，以构建新发展格局为战略基点，以人民幸福安康为最终目的，以经济社会 发展全面绿色转型为重要着力点，确保基 ...

第二十届中国经济论坛主论坛现场，参会人员在听会。 本报记者 张武军摄 第二十届中国经济论坛主论坛现场，参会人员在记录和听 会。 本报记者 张武军摄 第二十届中国经济论坛的参会人员在参观和交流。 本报记者 蒋雨师摄 11月18日，在全党全国深入学习宣传贯彻党的二十届四中全会精神之际，由《中国经济周刊》杂志社主 办的第二十届中国经济论坛在广东省广州市南沙经济技术开发区举行，本届论坛主题为"中国式现代化 与'十五五'中国经济展望"。全国人大常委会副委员长彭清华出席论坛并致辞。 会上，中央和国家机关有关部门负责同志、地方政府主管部门代表、企业负责人和专家学者代表等齐聚 一堂，为乘势而上、接续推进中国式现代化建设共谋大计、共商良策。 ——编 者 "十五五"时期必须牢牢把握推动高质量发展这个"主题"和"首要任务" 高质量发展是全面建设社会主义现代化国家的首要任务。论坛上，推动"十五五"时期高质量发展成为与 会嘉宾热议的话题。 彭清华表示，习近平总书记近日在广东考察时强调"广东是改革开放的排头兵、先行地、实验区"，勉励 广东"以全面深化改革开放推动高质量发展"，充分体现了党中央进一步全面深化改革开放的坚定决心和 对广东的殷 ...

今天的这篇文章，主要是分析中国工业如何凭借价格、质量与速度优势在德国擅长的领域实现反超，以及德国工业陷入内外困境后的应对失策。这场中国冲 击是否意味着全球制造业格局已迎来根本性转折？ 要是时光倒回二十年，提起德国制造，那可是工业界的顶流网红，自带高精尖滤镜。 作为欧洲的工业心脏，德国靠着四大王牌横行全球市场：厚实的工业家底、出口导向的赚钱模式、叱咤风云的汽车产业，还有把内燃机玩到极致的技术绝 活。 那时候的德国企业，日子过得比蜜还甜，尤其是中国市场敞开大门疯狂扫货，高端机械、豪华汽车订单接到手软，躺着都能赚得盆满钵满。 可风水轮流转，现在的德国工业彻底陷入寒冬模式。 欧洲最大经济体的头衔还在，但连续四年经济停滞的现实扎心了，工业产值更是离谱，长期在2005年的水平徘徊，相当于二十年原地踏步。 让德国人崩溃的是，曾经引以为傲的四大优势，如今全变成了拖后腿的负资产，曾经的王者现在满是狼狈。 《金融时报》早就看穿了真相，直言中国冲击已经全面爆发，核心玩法就是中国用德国最擅长的套路，把德国按在地上摩擦。 这波操作堪称商业版师夷长技以制夷，而且效果直接拉满。 过去二十年，德国工业界对中国的定位特别清晰，一个永远填不满的 ...

Core Viewpoint - The company is a leading player in the global commercial air conditioning compressor casting market and is strategically entering the AIDC cooling and power supply sectors, leveraging long-term partnerships with major global clients [1][4]. Group 1: Business Overview - The company has a strong foothold in the commercial air conditioning compressor casting and engineering machinery casting sectors, with over 10 years of collaboration with top clients like Johnson Controls, Ingersoll Rand, and Caterpillar [1]. - The company is expected to benefit from a compound annual growth rate (CAGR) of 12.7% in revenue and 13.3% in net profit attributable to shareholders from 2016 to 2024, indicating a robust growth trend [1]. Group 2: AIDC Market Potential - The AIDC sector is experiencing significant investment from global tech giants, with the cooling segment projected to exceed 10 billion USD in the U.S. by 2028 [2]. - The power supply segment is also expanding due to aging electrical infrastructure in the U.S., with gas turbines and diesel generators likely becoming mainstream solutions [2]. Group 3: Competitive Advantages - The company's integrated "casting + machining" capabilities provide a competitive edge, allowing for high product value and superior profitability compared to peers [3]. - The dual-core production layout in Deqing and Mexico positions the company to capture domestic and international orders while ensuring supply chain security for North American clients [3]. Group 4: Future Growth and Valuation - The company is expected to see net profits of 220 million, 300 million, and 410 million CNY from 2025 to 2027, with corresponding price-to-earnings ratios of 38, 28, and 20 times [3]. - The company has initiated a stock incentive plan to align the interests of key personnel, further strengthening its operational capabilities [3].

Core Viewpoint - The company is actively supplying rare gases and electronic gases to semiconductor and new energy manufacturers, while also focusing on the development of low-temperature systems for controlled nuclear fusion applications [1] Group 1 - The company has corresponding orders for rare gases, electronic bulk gases, and electronic specialty gases to supply semiconductor and new energy manufacturers [1] - The company's deep low-temperature technology can provide nitrogen and helium cooling systems for controlled nuclear fusion, along with key core equipment such as expanders, compressors, valves, and storage tanks [1] - The company plans to enhance product research and development to offer complete low-temperature system solutions [1] Group 2 - The company will closely monitor the market connections and feasibility of existing technologies with emerging industries [1] - The company commits to timely information disclosure if there are relevant plans [1]

Summary of Key Points Core Viewpoint - The financial performance of Jintongling has shown significant declines in revenue and net profit, indicating potential challenges for the company moving forward [2]. Financing and Trading Activity - On November 17, Jintongling's stock price remained unchanged at 0.00%, with a trading volume of 283 million yuan [1]. - The financing buy-in amount for Jintongling on the same day was 14.28 million yuan, while the financing repayment was 19.01 million yuan, resulting in a net financing outflow of 4.73 million yuan [1]. - As of November 17, the total financing and securities balance for Jintongling was 114 million yuan, which represents 2.25% of its market capitalization, indicating a low financing balance compared to the past year [1]. - No shares were sold or repaid in the securities lending market on November 17, with the securities lending balance also at 0.00 yuan, suggesting a high level of inactivity in this area [1]. Company Overview - Jintongling Technology Group Co., Ltd. was established on April 9, 1993, and went public on June 25, 2010 [1]. - The company specializes in the research, manufacturing, application, and system integration of high-end fluid machinery products, including large industrial blowers, multi-stage high-pressure centrifugal blowers, compressors, and efficient steam turbines [1]. - The revenue composition of Jintongling includes blowers (38.82%), system integration construction projects (16.34%), boiler sales (13.12%), compressors (12.00%), and other categories [1]. Financial Performance - As of September 30, the number of shareholders for Jintongling was 42,600, a decrease of 6.29% from the previous period [2]. - The average number of circulating shares per shareholder increased by 6.71% to 34,613 shares [2]. - For the period from January to September 2025, Jintongling reported a revenue of 548 million yuan, a year-on-year decrease of 47.95%, and a net profit attributable to shareholders of -268 million yuan, reflecting a 91.08% decline [2]. Dividend Information - Since its A-share listing, Jintongling has distributed a total of 109 million yuan in dividends, with no dividends paid in the last three years [3].