培训特邀深圳证券交易所相关领域专家授课，内容涵盖资本市场多个实务环节，构建起针对性强、专业性足的课程体系，强化参训人员专业认知与实操能 力。其中，科融通平台专家牛铭泽介绍上市板块选择、财务规范、法律合规及审核常见问题；法律事务部专家张超然介绍协议收购的合规流程、信披要求 及国资监管衔接及协议转让方式收购上市公司控股权注意事项；债券业务中心专家袁明系统讲解交易所固定收益产品，REITs、公司债、绿色债券、ABS 等产品的发行、审核与存续期管理；北方中心王世威对并购重组政策框架、重大资产重组认定标准、重组上市条件与程序，并结合实务案例解析操作路径 与风险防控要点。 此次培训是落实国企改革部署的重要举措，有效破解了参训人员在资本市场业务中的实操困惑，进一步深化了大家对资本市场运作规律的理解与把握，为 后续规范开展资本运作、创新融资模式、防范化解金融风险奠定了坚实基础。下一步，市国投集团将持续开展国企改革与资本运营专项培训，不断锤炼国 资系统队伍专业素养，为鄂尔多斯资本市场健康发展、区域经济转型升级注入强劲国资动能。 为进一步提升国有企业资本运作能力、资产证券化水平及资本市场合规意识，助力地方国有资本做优做强做大，1 ...

Investment Rating - The report maintains an "Overweight" rating for the steel industry [5]. Core Insights - Demand is expected to gradually stabilize, while supply-side constraints are anticipated to continue, leading to a potential recovery in the steel industry's fundamentals. If supply policies are implemented, the contraction in supply may accelerate, facilitating a quicker industry upturn [3][4]. Summary by Sections Steel Market Overview - Steel prices have decreased, with the Shanghai rebar price dropping by 20 CNY/ton to 3240 CNY/ton, a decline of 0.61%. The total inventory of steel has increased by 1.70% to 12.7851 million tons [8][12]. - Apparent consumption of five major steel products was 8.0174 million tons, down 0.96% week-on-week but up 28.96% year-on-year [21]. - The production of five major steel products was 8.2317 million tons, an increase of 0.44% week-on-week [12][37]. Supply and Demand Dynamics - Approximately 60% of steel companies are currently operating at a loss, indicating a market-driven supply clearance is beginning to occur [4]. - The construction sector's demand for steel is expected to stabilize, while demand from infrastructure and manufacturing is projected to grow steadily [4]. Profitability and Production Margins - The average gross profit for rebar was 196.9 CNY/ton, down 11.7 CNY/ton from the previous week, while hot-rolled coil profit increased by 2.3 CNY/ton to 46.9 CNY/ton [39]. - The profitability rate of 247 steel companies was 39.39%, a decrease of 1.3% from the previous week [28]. Recommendations - The report recommends focusing on companies with leading technology and product structures, such as Baosteel and Hualing Steel, as well as low-cost firms like Fangda Special Steel and New Steel [4]. - It also highlights the potential of upstream resource companies like Hebei Resources and Erdos, which may benefit from a recovery in demand [4].

Investment Rating - The report maintains an "Optimistic" rating for the chemical industry [2] Core Insights - The dye industry is expected to experience an upward trend that may exceed market expectations, with price increases for various types of dyes ranging from 1,000 to 3,000 RMB. Key companies to watch include Zhejiang Longsheng, Runtu Co., Jinchicken Co., and Jihua Group [2] - The PVC industry is accelerating its transition to mercury-free production, leading to the exit of small and medium-sized capacities. The price of PVC is anticipated to have upward recovery potential due to supply contraction and stable demand expectations. Companies to focus on include Xinjiang Tianye, Junzheng Group, Ordos, and Beiyuan Group [2] - The commercial aerospace sector is witnessing significant catalysts, with SpaceX planning to deploy up to 1 million satellites for large-scale AI inference and data centers, indicating a competitive acceleration in global space resources [2] Industry Dynamics - Current macroeconomic judgment indicates that oil prices are expected to remain in a relatively loose range, with Brent crude projected between 55-70 USD per barrel. Coal prices are stabilizing, and natural gas costs are expected to decline as the U.S. accelerates its export facility construction [3][5] - The chemical sector is experiencing a recovery in PPI, with a year-on-year decrease of -1.9% and a month-on-month increase of +0.2%. The manufacturing PMI for January recorded 49.3%, indicating some volatility in manufacturing operations [5] Investment Analysis - The report suggests a diversified investment strategy across four main areas: 1. Textile and apparel chain, with a focus on companies like Luxi Chemical and Tongkun Co. 2. Agricultural chemicals, with companies such as Hailir and Yunnan Yuntianhua highlighted. 3. Export-related chemical products, particularly in fluorine chemicals and MDI, with companies like Juhua and Wanhua Chemical recommended. 4. Companies benefiting from "anti-involution" policies, such as Biyuan Chemical and Xuefeng Technology [2] - Key materials for growth include semiconductor materials, panel materials, and lithium battery materials, with companies like Yake Technology and Xinhuan Technology noted for their potential [2] Company Valuation - Selected companies in the agricultural chemicals sector include: - Hailir: "Increase" rating, market cap of 49.96 billion RMB, projected net profit of 4.45 billion RMB for 2026 [18] - Yangnong Chemical: "Buy" rating, market cap of 325.88 billion RMB, projected net profit of 19.26 billion RMB for 2027 [18] - In the fertilizer and chlor-alkali sector, companies like Yuntianhua and Xingfa Group are also rated "Increase" with significant market caps and projected profits [18]

Core Points - The Inner Mongolia Bank Cup Inner Mongolia City Skiing Super League's fourth stop was held at the Ordos Jiucheng Palace International Ski Resort on January 31, 2025-2026 season [1] - The event was organized by the Inner Mongolia Ice and Snow Sports Association, attracting over 120 athletes from 12 leagues in Inner Mongolia, with results directly impacting qualification for the finals [1] - A national-level referee team was established to ensure fairness, following international standards and using a "two-run combined timing" scoring system [1] Competition Results - In the dual ski events, champions included Qingger from Hohhot in the youth women's group, Huozihan from Hulunbuir in the youth men's group, and Wujingjing from Ordos and Xuxinhao from Chifeng in the adult women's and men's groups respectively [5] - In the snowboard events, champions were Taimiao from Baotou and Wangzijia from Hohhot in the youth women's and men's groups, while Duanxiaoran and Liyu'ang from Ordos won in the adult women's and men's groups [5] - The overall points leaderboard saw Hulunbuir team in first place, Hohhot team in second, and Ulanqab team in third [5] Event Experience - The event promoted a "travel with the event" concept, featuring activities such as bonfire parties, local food experiences, and fireworks, enhancing the appeal of winter tourism [5] - The next stop of the event will be in Baotou, where athletes will compete for remaining points to qualify for the finals, which will take place on February 8 at the Hohhot Mazongshan Ski Resort [5]

用心用情服务 培育亲商安商人文环境 营商环境的优化，既靠政策支撑，更靠服务温度。通过开展走访调研、座谈交流，与企业面对面沟通、 实打实解题。2025年，组织"暖城暖企"专项活动6次，走访企业126家次，解决诉求37个；推行"一个问 题、一名专员、一跟到底"机制，累计为172家企业办理事项284件次，为13个新开工重点项目、794户新 增经营主体提供全方位服务。对企业反映的问题实行限时办结、闭环管理，严格落实"有求必应、无事 不扰"承诺，让企业在开发区安心经营、舒心发展、充满信心。 水深则鱼跃，城强则业兴。优质营商环境是区域发展的核心竞争力，更是激活市场活力、推动高质量发 展的"金钥匙"。鄂尔多斯准格尔经济开发区始终坚持以企业需求为导向、以经营主体满意度为标尺，深 化改革创新、提升服务效能，在优化营商环境上出硬招、办实事、求实效，全力打造投资放心、创业安 心、发展顺心的优质沃土与发展高地，为区域经济高质量发展注入源源不断的强劲动能。 深化改革赋能 打造便捷高效政务环境 坚持"服务围着企业转"，开发区以"优中选优"为标准，组建12支全能型"政务服务先锋队"，建立"需求 收集——方案制定——跟踪落实"闭环机制，为企 ...

中新网内蒙古新闻1月30日电 （李爱平 王枫 李笑）近日，鄂尔多斯市牛羊布病综合防控技术成功入选 2026年内蒙古农牧业主推技术，与此同时，全市自治区级动物疫病净化场数量增至16家，技术创新+示 范创建双轮驱动，不仅为畜牧业高质量发展保驾护航，更给农牧民的安心养殖吃下"定心丸"！ 走进鄂托克前旗自治区级种羊布病净化场，展示大厅里的"全生命周期档案管理"系统让人眼前一亮。作 为全旗首个获此认证的养殖主体，这里的种羊从出生到出栏，每一项数据都全程可追溯，真正实现 了"源头可控、风险可防"。 "我们坚持非免疫净化，就是要养好健康种羊！"内蒙古亿乘畜牧业有限责任公司总经理乌力吉毕力格底 气十足，"接下来不仅要稳住净化成果，还要把技术和经验分享给周边农牧民，让大家都能养好羊、多 挣钱。"鄂托克前旗农牧和水利局动物疫病预防控制中心主任浩日乐也表示："严格遵循净化标准筑牢生 物安全防线，达标只是新起点，我们还要持续推进全域防控提质。" 从单个净化场的"单点突破"，到全市畜牧业的"全域提质"，鄂尔多斯的防控成效离不开技术创新与政策 支持。依托自治区、市级重大科技项目，当地引进5种防控疫苗，在6个旗区广泛推广，让科学防控技术 ...

Core Viewpoint - The news highlights the ongoing ecological restoration efforts in Ordos City, Inner Mongolia, focusing on desertification control and sustainable development initiatives, particularly in the Kubuqi Desert and the Mu Us Sandy Land [1][2][3]. Group 1: Ecological Restoration Efforts - Ordos City has made significant progress in ecological restoration, completing 19.05 million acres of the "Three-North" project in 2025, with 8.6 million acres specifically for desertification control [1]. - The governance rates for the Kubuqi Desert and Mu Us Sandy Land have reached 50% and 85%, respectively, showcasing a commitment to ecological improvement [1]. - The city employs a systematic approach to build ecological defenses, including green belts and various engineering projects to combat desertification [2]. Group 2: Technological Innovation - Ordos is leveraging technological innovation as a key support for its ecological initiatives, implementing over 20 major technology projects aimed at advancing intelligent and mechanized desertification control [3]. - The mechanization rate for desertification control has reached 75%, resulting in a 30% reduction in labor costs and a fivefold increase in efficiency [3]. Group 3: Economic Benefits and Community Impact - The city is exploring pathways to convert ecological benefits into economic gains, with local companies employing automated processes to enhance efficiency and reduce costs for local farmers [4]. - By 2025, the area dedicated to the production of feed crops is expected to reach 15 million acres, contributing to a total forestry and grassland output value exceeding 8.5 billion yuan [4]. - Policies promoting local employment and cooperative projects have led to an average income increase of over 30,000 yuan per person for local farmers [4]. Group 4: Community Engagement and Recognition - The efforts in desertification control are supported by a strong community spirit, with local workers and volunteers actively participating in restoration projects [5]. - Recognition has been given to individuals and groups for their contributions to ecological restoration, reinforcing the commitment to sustainable practices and community involvement [5].

Group 1 - The article highlights the transformation of traditional farming practices in Inner Mongolia, shifting towards technology-driven, refined agricultural and livestock management, creating new economic opportunities [1] - The "Unified Breeding and Shared Prosperity" model is being implemented, where companies provide feed, technology, and guaranteed purchase prices to herders, resulting in improved meat quality and higher prices for sheep [2] - Smart farming technologies, such as intelligent collars for cattle, are being utilized to monitor health and optimize feeding, leading to increased milk production and enhanced beef quality [2] Group 2 - The establishment of a complete ecological cycle in livestock farming is emphasized, where waste is converted into organic fertilizer, supporting the growth of cash crops and renewable energy production [3] - The integration of various agricultural sectors, such as whiskey production and black donkey farming, demonstrates a model of resource synergy that enhances value across the supply chain [3] - The implementation of "contract farming" in villages stabilizes income for farmers by securing buyers before planting, significantly reducing market risks [4][5] Group 3 - The development of a comprehensive agricultural service system by village cooperatives enhances efficiency and supports collective economic growth, benefiting local public welfare [5] - The successful transition to high-value crops, such as chili peppers, showcases the potential for increased profitability through modern agricultural practices [6] - Economic indicators reveal that the primary industry in Ordos City achieved a value of 5.24 billion yuan, with a year-on-year growth of 5.5%, and the per capita disposable income for rural residents is projected to reach 30,478 yuan, growing by 5.8% [6][7] Group 4 - The article concludes with a vision of a sustainable and prosperous future for farmers, characterized by improved living conditions and a harmonious relationship between ecological health and economic development [7]

Core Insights - The coal industry is undergoing a significant restructuring on the supply side, with policies aimed at controlling coal consumption in power generation and coal-to-gas projects, leading to a tighter supply environment. The emphasis on high-quality and compliant production capacity is expected to increase [4][6][10] - Demand for coal remains stable, driven by resilient electricity consumption and growth in the coal chemical sector, particularly in coal-to-oil and coal-to-olefins projects. Overall coal demand is projected to see slight growth in 2026 [4][6][10] - Investment recommendations include focusing on growth-oriented companies such as TBEA, Jinkong Coal, Huayang Co., Xinjie Energy, Huaihe Energy, and Yancoal Energy, as well as stable dividend-paying companies like China Shenhua, Shaanxi Coal, and China Coal Energy [4][10] - Contrary to common perceptions, the report argues that coal will maintain its strategic importance in energy supply, with a robust demand foundation supporting the industry's fundamentals. The cash-generating nature of the coal sector is expected to strengthen, with coal prices likely to remain at reasonable high levels, enhancing profitability and dividend capacity [4][10] Supply Side Analysis - The domestic coal production growth rate is slowing, with December 2025 coal production at 4.37 million tons, a year-on-year decrease of 1.0%. The overall production for 2025 is projected at 48.32 billion tons, a 1.2% increase year-on-year [22][24] - The report highlights that the supply-demand balance is tightening, with significant policy changes and production adjustments in key coal-producing regions [4][6][10] Demand Side Analysis - Industrial coal demand is showing a steady increase, while thermal power demand is experiencing temporary pressure. The chemical sector is emerging as a new growth driver, with coal consumption in chemical industries growing by 7% year-on-year in December [4][10] - The report indicates that the overall coal consumption is expected to stabilize and achieve slight growth in 2026, supported by ongoing electricity demand [4][10] Key Events and Policy Changes - Recent policy changes include the implementation of stricter safety regulations and the introduction of export tariffs by Indonesia, which are expected to impact global coal supply dynamics [6][10] - The report notes the establishment of a new coal transportation base in Guazhou, which is expected to enhance coal distribution efficiency and support national energy security [6][10] Price Dynamics - The seasonal adjustment of national railway freight rates is expected to influence coal price volatility, with price movements likely to accelerate during periods of freight rate adjustments [10] - The report anticipates that coal prices will rebound, particularly in the peak demand season, driven by improved demand and operational conditions [10]

来源：鄂尔多斯市经济合作服务中心 二是搭建对接平台，政银联动解难题。建立高效政银企联动机制，主动搭建精准对接平台，着力破解企 业融资难题。一方面，向金融机构重点推介企业经营现状与信用资质，增强银行放贷信心；另一方面， 协助企业梳理融资需求，并就贷款额度、利率等核心条款全程跟进协调，推动银企快速达成合作。截至 目前，已促成12个银企合作项目落地，授信总额突破4.3亿元，实现快速审批放款，及时缓解企业资金 压力。 三是健全长效机制，常态服务促发展。深入践行服务企业就是服务发展理念，持续优化"保姆式"服务， 将银企对接纳入常态化工作机制，推动金融资源持续向实体经济集聚。通过精准化、常态化、高效化的 服务，切实优化园区营商环境，既保障企业生产稳定与订单交付，又增强企业发展信心，助力企业稳健 成长。这一做法不仅有效破解了融资难题，也不断夯实全旗产业提质增效和经济社会高质量发展基础， 实现企业成长与区域经济发展的双向共赢。(马军、孟兆) 2025年，杭锦经济开发区锚定优化营商环境、服务实体经济核心目标，聚焦企业"急难愁盼"，以搭建银 企对接平台为抓手，做实精准服务，破解发展堵点，为企业稳健运营、区域经济高质量发展注入强劲 ...