鉴于上述限制导致无法实现100%股权收购的初始目标，2026年1月10日，德福科技与交易对方确认终止本次交易。根据协议约定， 交易对方将退还公司已支付的全部合同保证金。公司明确表示，此次终止收购未影响正常生产经营，也不会对财务状况产生不利影 响，后续将继续围绕既定发展战略，推进高端电子电路铜箔业务。 筹划收购慧儒科技发力产能扩张 1月11日，德福科技连发两则公告，披露终止收购境外公司股权及筹划收购境内同行企业股权的相关事宜，两项交易均围绕公司核 心业务布局展开，引发市场关注。 境外收购因监管限制终止保证金将全额退还 公告显示，德福科技于2025年7月29日与Volta Energy Solutions S.à.r.l.签署《股权购买协议》，拟通过卢森堡全资控股公司 KWAXKARO LUXEMBOURG S.À.R.L.收购Circuit Foil Luxembourg S.a.r.l.（简称"卢森堡铜箔"）100%股权，并已完成中国境外投资 备案（ODI）审批，支付1740.47万欧元（相当于收购价格10%）作为合同保证金。 为推进交易，双方曾于2025年12月24日签署补充协议，将交易最终截止日延长至20 ...

德福科技表示，本次终止收购卢森堡铜箔100%股权不会影响公司的正常生产经营，不会对公司的财务 状况产生不利影响。公司将继续围绕既定发展战略，加快推进高端电子电路铜箔业务，推动公司持续稳 健发展。 炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ 1月11日晚，德福科技（301511）公告称，公司原计划以1.74亿欧元（按当前汇率，折合人民币约14.13 亿元）收购境外公司Circuit Foil Luxembourg S.a.r.l．（以下简称"卢森堡铜箔"、"标的公司"）100%股 权。但因本次交易未能获得境外有关部门的无条件批准，经公司与交易对方友好协商，决定终止本次收 购。 收购未能获得境外有关部门的无条件批准 回溯来看， 2025年7月29日晚，德福科技披露称，公司与Volta Energy Solutions S．à．r.l（以下简称"卖 方"）签署了《股权购买协议》，德福科技拟收购卖方旗下卢森堡铜箔100%股权，标的公司100%企业 价值为2.15亿欧元，扣除双方约定的调整项目后，计算得到标的公司100%股权收购价格为1.74亿欧元。 标的公司卢森堡铜箔成立于1960年，拥 ...

Core Viewpoint - The article highlights the robust investment and cooperation activities in China as the economy embarks on the "15th Five-Year Plan," showcasing the proactive role of listed companies in driving economic growth and innovation [1]. Investment Cooperation - A series of investment and cooperation announcements have emerged, indicating strong economic vitality. For instance, on January 4, the Beijing Economic Development Zone held a high-quality development conference, resulting in the signing of 22 key projects with a total investment of approximately 40 billion yuan, over 80% of which are future industry projects [3]. - On the same day, Shengyi Technology announced a cooperation intention with the Dongguan Songshan Lake High-tech Industrial Development Zone to invest approximately 4.5 billion yuan in a high-performance copper-clad laminate project, which is crucial for the new generation of information technology [3]. Project Acceleration - The construction of significant projects is underway, such as the semiconductor intelligent manufacturing industrial base in Zhengzhou, which has a total investment of 1.8 billion yuan. This project aims to integrate high-end research and manufacturing capabilities [6]. - Guangli Technology, a leader in the semiconductor industry, is breaking foreign monopolies through overseas acquisitions and independent research, with its new project expected to be completed by 2027 [7]. - In Suzhou, the Bozhong Precision Machinery's new energy intelligent equipment R&D and manufacturing base has commenced construction with a total investment of 1 billion yuan, expected to achieve annual sales of 4 billion yuan upon full production [7]. Market Expansion - Companies are also focusing on market expansion to lay the groundwork for growth in the new year. For example, Xusheng Group received a notification from a North American electric vehicle manufacturer for a project with a lifecycle sales amount of approximately 7.8 billion yuan over eight years, starting production by the end of 2026 [9]. - Defu Technology announced a cooperation agreement with a leading domestic CCL company to ensure stable supply of high-end electronic circuit copper foil products, which is expected to positively impact the company's financial performance [9]. - Qiaoyin Co. has won a bid for a comprehensive urban sanitation project with a contract value of 1.225 billion yuan over 25 years, which is anticipated to enhance the company's market development and operational performance [9].

证券时报记者 赵黎昀 2026年，中国经济正式开启"十五五"新征程。 政策协同发力、市场活力迸发的当下，上市公司群体作为国民经济中坚力量，在新年伊始奏响了实干奋进序曲， 一批批标志性项目落地，为"十五五"宏伟蓝图写下开篇注脚。 投资合作火热推进 1月4日，北京经开区举办2026年高质量发展大会，面向全球发布2026年机会清单和25个创新应用场景。活动上， 22个重点项目签约，十大标杆项目开工建设，总投资约400亿元，其中未来产业项目占比超过80%。 上市公司方面，1月4日，生益科技披露，公司与东莞松山湖高新技术产业开发区管理委员会就公司投资建设高性 能覆铜板项目的相关事项达成合作意向，意向投资金额约45亿元，以满足高性能覆铜板持续增长的需求。覆铜板 属于国家重点支持的新一代信息技术。该项目也是公司面向未来发展的关键战略布局。 企业推动投资合作除用于储备产能外，也为拓展技术打开市场埋下伏笔。 1月5日晚间，亿帆医药公告，全资子公司亿帆制药与天津尚德药缘科技股份有限公司等签订了系列协议，获得了 其自主开发的药物活性成分为二甲胺基含笑内酯富马酸盐一水合物在合作区域和合作领域范围内授予亿帆制药可 分许可的、不可撤销的 ...

Economic News - The National Emergency Management Work Conference emphasized the importance of effective emergency management in the context of the "14th Five-Year Plan" and outlined key tasks for safety risk monitoring and prevention [2] - The Ministry of Commerce announced a notification to promote green consumption, focusing on enhancing the supply of green products and services, including support for electric vehicles and green-certified appliances [2] - The China Securities Regulatory Commission reported that 159 financial fraud cases were investigated in 2024, resulting in 111 administrative penalties totaling 8.1 billion yuan [2] - The Beijing Stock Exchange has conducted over 190 company visits to improve the quality of listed companies, covering nearly 70% of the total [2] - The pension fund's investment scale has exceeded 7.7 trillion yuan, with a focus on long-term risk control and cross-cycle asset allocation [2] - The China Passenger Car Association reported a 4% year-on-year increase in wholesale sales of new energy vehicles in December 2025, with an expected growth rate of around 25% for the year [2] - Sichuan Province has launched a plan to develop a national digital economy innovation development pilot zone, focusing on building a multi-level computing power infrastructure [2] - Guangdong Province issued guidelines to support the high-quality development of the insurance industry, emphasizing insurance services for key manufacturing sectors and emerging industries [2] - The Hong Kong stock market saw significant activity in refinancing, with a total of approximately 325.32 billion HKD raised through share placements in 2025 [5] Important Company Information - NVIDIA announced the launch of a series of AI models and tools aimed at accelerating the development of autonomous vehicles and supporting next-generation robotics [5] - Huayou Cobalt expects a net profit growth of 40.80% to 55.24% in 2025 [5] - Shenzhen Nande A's subsidiary won a project worth 208 million USD [5] - ByteDance's "Doubao" AI glasses are set to enter the shipping phase [5] - Defu Technology's subsidiary signed a cooperation agreement with a leading domestic CCL company to supply high-end electronic circuit copper foil products [5] Metal Industry - The metal industry is expected to experience an optimized supply-demand structure, with a weak supply cycle anticipated to continue until 2028 [6] - The transition to a liquidity cycle is expected to enhance the price elasticity of metals, particularly small metals, which may benefit from a liquidity premium [6] - Historical data indicates that small metals have seen average price increases ranging from 40% to 88% during previous expansionary monetary policy cycles [6] Electronics Industry - The electronics industry index has risen by 44.67% from the beginning of 2025 to December 5, 2025, driven by innovations in AI and the ongoing upgrade of AI applications [7] - The semiconductor sector is expected to benefit from the AI innovation cycle and domestic substitution trends, with institutional investors showing strong interest [7][8] - Key areas of focus include semiconductor storage, testing equipment, and magnetic components as the industry enters a new development phase [8]

Group 1 - Maduro denies all charges from the U.S. and claims he is still the President of Venezuela [2] - The U.S. has accused Maduro of drug terrorism conspiracy, cocaine smuggling conspiracy, and possession of firearms [2] - Maduro states he was forcibly taken from his home in Caracas [2] Group 2 - China condemns the U.S. for violating Venezuela's sovereignty and international principles [3] - The U.S. is accused of undermining multilateralism and threatening peace in Latin America and the Caribbean [3] Group 3 - Venezuela's oil exports have nearly dropped to zero due to U.S. sanctions and blockade [4] - The Venezuelan oil company is reducing production and closing some oil fields due to accumulated inventory [4] - Shortages of diluents for blending heavy crude oil are further restricting production activities [4] Group 4 - Trump claims the U.S. must have complete access to Venezuela's resources and asserts U.S. control over the country [5][6] - The U.S. Vice President's residence was attacked, with one suspect arrested [6] Group 5 - High expectations for Chinese stocks with projected annual growth of 15% to 20% in 2026 and 2027 [8] - Corporate earnings in China are expected to grow by 14% and 12% in 2026 and 2027, respectively [8] - Factors driving growth include AI applications, international expansion, and policies to reduce internal competition [8]

Group 1: Market Trends and Developments - The A-share market experienced a strong opening on the first trading day of 2026, with the Shanghai Composite Index returning to the 4000-point mark after a 12-day consecutive rise, marking the longest streak since March 1992 [3] - The total trading volume in the Shanghai, Shenzhen, and North markets reached 2.57 trillion yuan, significantly increasing by over 500 billion yuan compared to the previous trading day, indicating a robust market sentiment [3] - A report from Industrial Securities suggests that the factors supporting the market's previous "excitement" are likely to continue, with expectations for a spring market rally as liquidity improves and institutional risk appetite increases post-year-end performance assessments [3] Group 2: Industry Insights - The brain-computer interface (BCI) technology in China has made significant breakthroughs, with the first clinical trial of a fully implanted, wireless BCI system successfully completed, indicating China's advancement in this field [5] - The global BCI market is projected to grow to approximately $12.4 billion by 2034, with a compound annual growth rate (CAGR) of 17% from 2025 to 2034, driven by technological breakthroughs and policy support [5] - The commercial rocket company under China Aerospace Science and Technology Corporation has increased its registered capital from 1 billion yuan to 1.396 billion yuan, reflecting a 77.6% increase, which supports the rapid development of the commercial space industry in China [6] Group 3: Company News - Defu Technology's subsidiary signed a cooperation agreement to supply high-end electronic circuit copper foil products for 2026 [7] - ST Renfu's subsidiary received approval for clinical trials of a new drug for late-stage solid tumors, marking a significant development in the pharmaceutical sector [7] - Chifeng Gold expects a net profit of 3 billion to 3.2 billion yuan for 2025, representing an increase of approximately 70% to 81% compared to the previous year [7]

今日焦点 惠而浦：2025年净利同比预增150%左右，订单增加带动主营业务收入同比增长 惠而浦公告称，公司发布2025年年度业绩预增公告，经财务部门初步测算，预计2025年年度实现归属于 母公司所有者的净利润5.05亿元左右，与上年同期（法定披露数据）相比，同比增加150%左右。报告 期内，公司提升技术创新，推进新项目开发，持续加强与深化和客户的合作，订单增加，主营业务收入 同比增长。 旭升集团：收到北美新能源汽车厂商定点通知，预计生命周期总销售金额约78亿元 旭升集团公告称，公司收到北美新能源汽车厂商的定点通知，将为其供应动力总成、车身件、副车架、 电池盒等零部件产品。根据客户规划，此次定点项目生命周期约为8年，生命周期总销售金额约人民币 78亿元，预计在2026年底开始量产。本项目生产地为中国及墨西哥生产基地。该定点通知是双方长期合 作的深化，有利于进一步巩固公司领先优势，持续提升公司核心竞争力与市场份额。但定点通知并不反 映客户最终的实际采购数量，项目总金额仅为预计金额，具体以订单结算金额为准。同时，公司实际销 售金额与客户汽车实际产销量等因素直接相关，整个项目的实施周期较长，可能受到汽车市场整体情 况 ...

一、停牌、复牌 二、定增 1、威高血净：拟发行股份购买威高普瑞100%股权，交易价格为85.11亿元。 2、豪鹏科技：拟向特定对象发行股票募集资金不超过8亿元，用于储能电池建设项目和钢壳叠片锂电池 建设项目。 三、股权转让、增持 1、腾亚精工：控股股东拟以14.47元/股协议转让5.7%股份。 2、金房能源：杨建勋及其一致行动人拟协议转让共10.46%股份。 3、恒逸石化：控股股东及其一致行动人增持计划的增持价格区间由不超过10元/股调整为不超过15元/ 股。 1、荃银高科：中国种子集团要约收购期限届满，股票停牌。 5、亿帆医药：子公司亿帆制药与尚德药缘签订《独家协议》。 6、景津装备：拟投资约5.81亿元建设过滤成套装备产业化三期项目。 7、恒瑞医药：HRS9531注射液在成人肥胖或超重患者中开展与HRS-5817注射液联合治疗的临床试验获 批。 8、苏试试验：拟与杭州云栖小镇管理委员会签署相关项目合作协议，计划总投资不少于3亿元。 9、贵州轮胎：拟在摩洛哥投资2.99亿美元建设半钢子午线轮胎智能制造项目。 四、日常经营、对外投资 1、富临精工：子公司拟合计87亿元投建年产50万吨高端储能用磷酸铁锂等项目。 ...

绿联科技：预计2025年净利润同比增长41.26%-58.56% 1月5日晚，绿联科技(301606)发布公告称，预计2025年度净利润为6.53亿元至7.33亿元，同比增长 41.26%至58.56%；预计2025年度归属于上市公司股东的净利润变动区间为6.53亿元至7.33亿元，同比上 升幅度区间为41.26%至58.56%。 1月5日晚，普门科技(688389)发布公告称，公司于近期收到国家药品监督管理局颁发的《中华人民共和 国医疗器械注册证（体外诊断试剂）》。该产品为复合质控品，用于总前列腺特异性抗原（tPSA）、 游离前列腺特异性抗原（fPSA）、甲胎蛋白（AFP）、铁蛋白（Ferritin）等项目检测时的质量控制。 恒瑞医药：子公司药物临床试验获批 1月5日晚，恒瑞医药(600276)发布公告称，子公司福建盛迪医药有限公司收到国家药监局核准签发关于 HRS9531注射液、HRS-5817注射液的《药物临床试验批准通知书》，同意HRS9531注射液在成人肥胖 或超重患者中开展与HRS-5817注射液联合治疗的临床试验。HRS9531注射液为新型靶向胰高血糖素样 肽-1受体（GLP-1R）和葡萄糖依赖 ...