| 指数 | 收盘 | | 涨跌（％） | | | --- | --- | --- | --- | --- | | 名称 | （点） | 1 日 | 5 日 | 1 月 | | 上证指数 | 3870 | 1.19 | -2.56 | -0.77 | | | | | 1 | | --- | --- | --- | --- | | | | I | | | 2 . . | A | 1 | | | | | 11/ | | 今日重点推荐 2025 年 12 月 18 日 中国铁建（01186）深度：报表优化，分红提升，估值修复 ◼ 亮点一：2026 年行业投资维稳，总量有支撑。年初至今固定资产投资增速 放缓，基建、制造业、地产均呈现压力，展望 2026 年，随着地方政府化债 的有序推进，叠加中央"两重"项目实施，2026 年投资有望维稳。 ◼ 亮点二：公司新签订单边际改善，结构优化，在手订单充裕，保障长期稳 健增长 。公司 2021-2024 、 2025Q1-3 累计新签合同额分别同比 +10.39%/+15.09%/+1.51%/-7.80%/+3.08%，2025 年前三季度新签订 单边际改善。 | 风格指数 ...

新华社北京12月10日电 题：步调一致绘蓝图 因地制宜启新篇——多省份"十五五"规划建议观察 新华社记者 党的二十届四中全会审议通过的《中共中央关于制定国民经济和社会发展第十五个五年规划的建 议》，为"十五五"时期我国经济社会发展擘画了宏伟蓝图。 作为最早一批出台的地方"十五五"规划建议，这份文件提出"到2030年，我省经济实力、科技实 力、综合竞争力大幅跃升，人均地区生产总值接近发达经济体水平"，经济大省浙江在谋划未来五年发 展上迈出关键一步。 在国家发展大局中找准定位，在新起点新征程担当作为。 广东提出"'百县千镇万村高质量发展工程'取得重大进展，乡村全面振兴大步向前"；山东明确"继续 在服务和融入新发展格局、增强经济社会发展创新力、推动黄河流域生态保护和高质量发展上走在 前"；河南提出"全国统一大市场循环枢纽和国内国际市场双循环支点作用明显增强"……锚定发展目 标，经济大省挑大梁作用更加彰显。 截至12月上旬，围绕《建议》提出的主要目标和战略任务，先后已有20余个省份审议通过了地 方"十五五"规划建议，其中大多省份对外公布了地方"十五五"规划建议。 新的历史征程即将开启。在以习近平同志为核心的党中央坚强 ...

Core Viewpoint - During the "14th Five-Year Plan" period, Hengyang, as a sub-central city in Hunan Province, is implementing a development strategy of "Manufacturing City and Cultural Tourism City," leading to a unique development path and significant economic growth [1][3]. Economic Growth - The regional GDP of Hengyang is projected to grow from 350.85 billion yuan in 2020 to 449.17 billion yuan by 2024, reflecting a robust economic trajectory [1][3]. - Hengyang has been recognized as one of the top 100 advanced manufacturing cities, digital cities, and cities with strong technological innovation competitiveness in China for four consecutive years [1][3]. Industrial Development - Hengyang's core strategy of "Manufacturing City" has led to the elevation of industrial capabilities, with the Heng-Chang-Zhu-Tan ultra-high voltage power transmission and transformation equipment industry cluster being included in the national advanced manufacturing cluster list [3][4]. - Key enterprises have shown significant growth, such as Henggang Group's output increasing from 8.8 billion yuan in 2020 to 14.6 billion yuan in 2024, and TBEA Hengyang Transformer Co., Ltd. expanding from 5.2 billion yuan to 14.1 billion yuan in the same period [3][4]. Cultural and Tourism Development - Hengyang is leveraging its rich historical and cultural heritage to promote cultural tourism, with initiatives like hosting the third Hunan Tourism Development Conference [4][5]. - The city emphasizes the integration of cultural tourism and technology, revitalizing idle assets and enhancing project construction through market mechanisms [4][5]. Emerging Industries - Hengyang is establishing a clear industrial structure with five stable industries, including power transmission equipment and salt chemical industry, and is advancing into three emerging industries such as smart weighing and digital economy [5]. - The smart weighing industry is expected to exceed 20 billion yuan this year, and the "Hengzhou Avenue Digital Economy Corridor" has attracted 4,862 enterprises [5].

Core Insights - The news highlights the vigorous development of project construction in the Taian High-tech Zone, emphasizing its role as a "strong engine" for economic growth through new industrialization strategies [1] Group 1: Project Developments - The Taikai Intelligent Technology Park project is being developed by Taikai Group as a leading domestic base for intelligent, digital, and green power transmission and transformation equipment, covering an area of 372 acres with a planned total construction area of approximately 240,000 square meters [1] - The high-end freeze-dried product production project by Shandong Jin Guan Hong Biotechnology Co., in collaboration with Taian Jin Guan Hong Food Technology Co., aims to create a specialized pet freeze-dried production base, expected to be completed by March 2026 [2] - The annual production project of 300,000 tons of non-grain agricultural by-products by Taishan Shengliyuan Group involves a total investment of 1 billion yuan, with plans to generate an annual output value of 1 billion yuan and tax revenue of 60 million yuan [3] - The AI-driven robot and high-end fermentation food equipment project by Zhongke Hengxin Intelligent Technology (Taian) Co. is focused on achieving "construction and production in the same year," utilizing advanced technology to enhance the traditional brewing industry [4] Group 2: Economic Impact - The successful advancement of these projects is expected to diversify and elevate the industrial development in the high-tech zone, enhancing the industrial agglomeration effect [4] - The projects are anticipated to create significant employment opportunities, with the non-grain agricultural by-products project alone expected to employ 300 people [3] - The high-tech zone is committed to providing comprehensive support in terms of land, funding, and approvals to ensure the timely completion and operational efficiency of these projects [4]

Core Insights - The recent announcement by the provincial development and reform commission highlights the inclusion of four industrial clusters from Tai'an in the new round of "Ten Strong Industries" and the second batch of pillar-type clusters, ranking fourth in the province [1][2] Group 1: Industrial Clusters - The new energy power equipment industry cluster in Tai'an includes key players such as Taikai Group and TBEA Lubei Cable, focusing on enhancing competitiveness in power transmission and distribution equipment, as well as renewable energy devices [1] - The high-end chemical industry cluster in Ningyang is structured around seven specialized "parks," integrating companies like Hengxin High-tech and Jincheng Meishengda, and aims to create a comprehensive industrial chain from gasification to high-end fine chemicals [1] Group 2: Cultural and Tourism Industries - The cultural tourism industry cluster, jointly applied by Tai'an and Jining, is led by major groups like Taishan Cultural Tourism Group, connecting 183 A-level scenic spots and over 2,500 tourism products to create a national-level demonstration model [2] - The Traditional Chinese Medicine (TCM) industry cluster along the Yellow River is a collaborative effort among Tai'an, Jinan, Heze, and Liaocheng, aiming to establish a competitive TCM hub and a globally recognized wellness destination [2] Group 3: Development Strategies - The Tai'an development and reform commission emphasizes the cultivation of industrial clusters as a key strategy to enhance the "Ten Strong Industries" and reshape the industrial ecosystem, focusing on action plans to strengthen the industrial chain [2] - Future initiatives will include improving coordination mechanisms, enhancing policy support, and attracting resources such as capital, land, talent, and technology to build a robust framework for industrial clusters [2]

Core Insights - The recent announcement by the provincial development and reform commission includes the new "Ten Strong Industries" cluster reserve list, with four industrial clusters from Tai'an City being selected, ranking fourth in the province [1][2] Group 1: Industrial Clusters - The new energy power equipment industry cluster in Tai'an covers various segments including transmission and distribution, wind power, solar energy, and energy storage, featuring key companies such as Taikai Group and TBEA Lubei Cable, aiming to enhance competitiveness in the electrical machinery sector [1] - The high-end chemical industry cluster in Ningyang County is structured around seven specialized "parks," leveraging platforms like "Gasification Island" and "Power Island," and includes major firms such as Hengxin High-tech and Jincheng Coal Chemical, focusing on a complete industrial chain from gasification to high-end fine chemicals [1] Group 2: Cultural and Medical Clusters - The cultural tourism industry cluster, jointly applied by Tai'an and Jining, is led by major groups like Taishan Cultural Tourism Group, connecting 183 A-level scenic spots and over 2,500 tourism products, aiming to create a national-level cultural tourism demonstration model [2] - The traditional Chinese medicine industry cluster along the Yellow River is a collaborative effort among Tai'an, Jinan, Heze, and Liaocheng, designed to establish a competitive and recognizable modern TCM industry area and a globally known TCM wellness destination [2] Group 3: Development Strategies - The Tai'an development and reform commission emphasizes the cultivation of industrial clusters as a key strategy to enhance the "Ten Strong Industries" and reshape the industrial ecosystem, focusing on action plans to strengthen the industrial chain [2] - Future initiatives will include improving coordination mechanisms for clusters, enhancing policy support, and facilitating the aggregation of resources such as capital, land, talent, and technology to build a robust support system for industrial clusters [2]

Core Viewpoint - The article emphasizes the importance of advancing the high-quality development of energy equipment in China to achieve a self-controlled, high-end, intelligent, and green energy equipment industry by 2030, supporting the construction of a new energy system and ensuring energy security and transition [1][3]. Overall Requirements - The development strategy is guided by Xi Jinping's thoughts and aims to integrate energy security and transition, focusing on technological innovation and high-quality energy equipment development [3]. Energy Exploration and Development Equipment - The focus is on upgrading coal mining and oil and gas exploration equipment to enhance efficiency and safety, with specific technological breakthroughs outlined for both sectors [4]. Energy Conversion Equipment - The article discusses the need for advancements in fossil energy power generation and renewable energy equipment, aiming for low-carbon, high-efficiency technologies [6][7]. Energy Storage Equipment - Emphasis is placed on developing large-capacity, high-parameter, and long-life energy storage technologies, including various battery types and physical storage methods [9][10]. Energy Transmission Equipment - The focus is on improving the technology for the transmission of electricity, coal, oil, and natural gas, aiming for a safe and low-carbon energy distribution network [11][12]. Digital and Intelligent Upgrades - The article highlights the importance of digitalization and intelligence in energy equipment, promoting a closed-loop system for sensing, planning, decision-making, and execution [13]. Green and High-End Development - There is a strong emphasis on green development, including the use of recyclable materials and technologies for energy equipment, aiming for a circular economy [14][15]. Innovation Ecosystem - The article calls for strengthening the role of enterprises in innovation, enhancing collaboration between industry, academia, and research, and supporting the establishment of innovation platforms [16][18]. Policy Support - It outlines the need for increased policy support for energy equipment innovation, including funding and incentives for research and development [19][20].

Core Viewpoint - The Shandong Provincial Development and Reform Commission has announced the inclusion of four industrial clusters in the new round of the provincial "Ten Strong Industries" reserve list, highlighting the effectiveness of recent industrial cultivation efforts in Tai'an City [1][3]. Group 1: Industrial Clusters - The Tai'an New Power Equipment Industry Cluster encompasses various sectors including power transmission and transformation, wind power, solar energy, and energy storage, featuring leading companies such as Taikai Group and TBEA [1]. - The Ningyang High-end Chemical Industry Cluster is structured around seven specialized "parks," integrating key companies like Hengxin High-tech and Jincheng Coal Chemical, and covers the entire industrial chain from coal gasification to high-end fine chemicals [2]. - The Cultural and Tourism Industry Cluster, jointly applied by Tai'an and Jining, is led by major enterprises like Taishan Cultural Tourism Group, creating smart tourism platforms that connect numerous scenic spots and tourism products [2]. - The Yellow River Traditional Chinese Medicine Industry Cluster, involving Tai'an, Jinan, Heze, and Liaocheng, aims to establish a competitive and recognizable modern TCM industry area, promoting it as a global wellness destination [2]. Group 2: Development Strategies - The city’s development strategy focuses on nurturing industrial clusters to enhance the competitiveness of the "Ten Strong Industries," emphasizing the importance of chain building and resource allocation [3]. - Future plans include strengthening the cluster coordination system, enhancing policy support, and directing resources such as capital, land, technology, and talent towards these clusters [3]. - The goal is to create a robust mechanism that integrates industrial clusters, leading enterprises, project support, and policy guarantees to improve overall competitiveness and collaboration [3].

Group 1: Industrial Development in Tai'an - Tai'an has been focusing on new industrialization and brand building since 2022, implementing a "chain leader system" to drive investment and enterprise cultivation [1][3] - The city is enhancing technological innovation and digital-physical integration while promoting green, low-carbon, and high-quality development [1][3] Group 2: Key Enterprises and Achievements - Taikai Group has been a leader in the power transmission and transformation industry, achieving sales revenue of 30.1 billion in 2024, with R&D investment of 1.34 billion and tax contributions of 1.35 billion [3] - The company has received numerous accolades, including being recognized as a "National Manufacturing Single Champion" and having over 1,200 patents [3] - Taihe Electric has a strong focus on R&D and aims to enhance its core product capacity while promoting domestic supply stability and international market expansion [4] Group 3: Innovations and Future Strategies - Shandong Ruifu Lithium Industry is positioned as a key supplier in the lithium battery materials sector, with an annual production capacity of 65,000 tons of lithium salt [5][6] - The company is developing a low-carbon circular industry chain and aims to enhance resource utilization through innovative technologies [6] - Super Power Group is investing in new technologies and materials, focusing on AI, big data, and advanced battery materials to maintain its leadership in the battery industry [7]