Group 1 - The core viewpoint of the report indicates that the fund, AI Fund China Europe Dividend Select Mixed Initiation A, has shown a profit of 1.5113 million yuan in Q4 2025, with a weighted average profit per fund share of 0.032 yuan. The fund's net value growth rate for the reporting period was 2.8%, and the fund size reached 61.4973 million yuan by the end of Q4 [3][15] - The fund is categorized as a mixed equity fund, with a unit net value of 1.29 yuan as of January 22. The fund managers are Liu Yong and Zhang Xue Ming [3] - The fund management expresses optimism about the future of dividend investment in China, suggesting there is still room for further development and deeper exploration. They plan to enhance research in this area and refine existing dividend strategies [3] Group 2 - As of January 22, the fund's three-month cumulative net value growth rate is 4.09%, ranking 514 out of 689 comparable funds. The six-month growth rate is 6.58%, ranking 603 out of 689, and the one-year growth rate is 18.55%, ranking 581 out of 673 [3] - The fund's Sharpe ratio since inception is 1.3735, indicating a favorable risk-adjusted return [8] - The maximum drawdown since inception is 6.78%, occurring in Q2 2025, which is the highest quarterly drawdown recorded [11] Group 3 - The average stock position since inception is 86.6%, compared to the peer average of 84.04%. The fund reached its highest stock position of 92.16% at the end of Q3 2025 and its lowest of 67.43% at the end of Q3 2024 [14] - As of the end of Q4 2025, the fund's top ten holdings include Guangzhou Development, Nanjing High-Tech, Weifu High-Tech, Huadian International, Ordos, Nanjing Steel, Wuxi Bank, Shandong Publishing, Guiyang Bank, and Zhongchuang Zhiling [18]

转自：草原云 新能源是鄂尔多斯能源绿色转型的最大底气，风能、太阳能开发潜力达2.2亿千瓦以上，获批新能源装 机近1亿千瓦、规模全国第一，建成装机超3000万千瓦。鄂尔多斯还打造氢能"制-储-运-加-用-安"全链 条，建成全国首套万吨级绿氢项目，实现全球首台30兆瓦级纯氢燃气轮机纯氢发电，为全国提供强劲、 高效的清洁能源。 鄂尔多斯正在加快构建现代化产业体系。新能源装备制造产业方面，落地隆基、中车、远景、奇瑞 等"风光氢储车"头部企业及核心配套商68家，量产全球最前沿的固态钠盐电池，蒙苏园区入选首批国家 级零碳园区。算力产业方面，建成北京直通光缆2条，开通800G国家级互联网骨干直联点，总算力规模 5000P，列入自治区算力集群补充拓展区，入选国家数据基础设施建设试点城市。 "鄂尔多斯市将借助此次会议的强劲东风，加快新能源和算力建设，擦亮高质量发展底色。以'风光氢储 车'全链条融合发展为主线，加大绿电偏好型优质项目招引力度，推动'以绿制绿'新能源制造产业再上规 模，全力打造绿色低碳新质生产力核心载体。诚挚邀请各位企业家朋友到鄂尔多斯实地考察、投资兴 业。我们将以最高热情、最优服务、最强保障，让大家放心投资、舒心 ...

新华社呼和浩特1月22日电隆冬时节，寒气袭人。夜幕降临，内蒙古自治区鄂尔多斯市乌审旗蒙大矿业 纳林河二号煤矿灯火通明，装车站内，精量装车系统根据车厢的大小精准装煤。一列3600吨的运煤列车 不到1小时即可完成装车。 "10月份以来，煤矿进入了冬季保供阶段，通过四班三倒工作制度全力保障煤炭发运。"乌审旗蒙大矿业 有限责任公司运销部副经理郭拴宝介绍，该煤矿日均产煤2.4万吨，扣除化工用煤后，每日稳定发运3列 电煤，主要供应南方地区的多个电厂。 随着寒潮来袭、新春佳节临近，全国多地供电、供暖等用煤需求持续攀升，能源保供迎来"大考"。鄂尔 多斯市能源局局长云小平介绍，作为能源大市，鄂尔多斯在全国能源保供大局中发挥着"主力军"的作 用。2025年，鄂尔多斯市承担5.6亿吨电煤保供任务。目前，在生产发运一线，鄂尔多斯市各大煤炭企 业正开足马力冲刺保供，日煤炭产量稳定在250万吨以上。 鄂尔多斯市能源局提供的数据显示，2025年，全市新能源发电量达310.4亿千瓦时、增长68.7%，创历史 新高。随着新能源规模的不断增加，鄂尔多斯新能源发电装机规模将在"十五五"初超过煤电，电力生产 供应绿色化不断深入。 联创罕台川北站煤炭 ...

Core Insights - The steel raw materials sector experienced a significant increase of 4.38% on January 21, with Dazhong Mining leading the gains [1] - The Shanghai Composite Index closed at 4116.94, up 0.08%, while the Shenzhen Component Index closed at 14255.12, up 0.7% [1] Sector Performance - Dazhong Mining (001203) saw a closing price of 30.66, with a rise of 10.01% and a trading volume of 329,400 shares, amounting to a transaction value of 983 million yuan [1] - Erdos (600295) closed at 15.67, up 4.82%, with a trading volume of 239,400 shares and a transaction value of 371 million yuan [1] - Jinding Mining (000655) increased by 2.79% to close at 10.30, with a trading volume of 162,100 shares and a transaction value of 165 million yuan [1] - Other notable performers include Baodi Mining (601121) and Guangdong Mingzhu (600382), both rising by 2.79% and 2.76% respectively [1] Capital Flow - The steel raw materials sector saw a net inflow of 421 million yuan from institutional investors, while retail investors experienced a net outflow of 368 million yuan [1] - Dazhong Mining had a net inflow of 2.38 billion yuan from institutional investors, but a net outflow of 1.90 billion yuan from retail investors [2] - Steel Titanium Co. (000629) recorded a net inflow of 80 million yuan from institutional investors, while retail investors had a net outflow of 1.07 billion yuan [2]

参与疗休养的康巴什区青少年发展中心教师张争争难掩兴奋："平时工作比较忙，很少有机会这样放 松。这次活动不仅让我们调养了身体，更通过交流学到了很多新方法。" 中新网内蒙古新闻1月21日电 （李爱平 冯静）1月17日，鄂尔多斯康巴什区53名优秀一线教师来到了海 南三亚，踏上了一场特别的疗休养之旅。这场由区总工会组织的2026年第一期教师专题疗休养活动，不 仅是对教育工作者辛勤付出的暖心回馈，更是一曲康巴什尊师重教的动人赞歌。 与以往不同，本次疗休养绝非"走走看看"那么简单。康巴什区总工会与教体局反复磋商，精心安排了思 想政治教育、生态疗养、休闲观光等丰富内容。教师们既能漫步三亚的碧海蓝天间，感受自然的馈赠， 也能在交流中碰撞思想火花，为未来的教学工作积蓄力量。 "这还是头一回参加区总工会组织的疗休养。"康巴什区早期教育指导中心副园长郝美琴感慨万分，"平 时都是我们关心孩子们，今天真切感受到自己被组织当成了'重点关怀对象'，心里特别暖。" 活动期间，教师们或徜徉于椰林沙滩，或沉浸于文化讲座，或围坐畅谈教育理想。三亚的暖阳不仅驱散 了冬日的寒意，更点燃了教师们心中的热情。他们纷纷表示，将把疗休养中的收获转化为教书育人 ...

"咱们医院也增设了医保的咨询专岗，整合了挂号、产检、结算的这些功能，减少了孕产妇排队的那个 等候时间。"鄂尔多斯市中心医院康巴什部产后病区护士长邱凤说。 为给女性生育添"底气"，鄂尔多斯市医疗保障局细化生育医疗费用保障政策。明确职工及城乡居民在定 点医疗机构产生的合规产前检查费、生育医疗费，全纳入基本医保保障范围。更暖心的是，参保职工和 城乡居民因分娩、产前检查在定点医疗机构发生的符合医保政策范围内的住院、门诊医疗费用不设起付 线，由基本医疗保险据实支付，与住院共用封顶线。自2025年以来，累计30.91万人次享受政策，基金 支出1.09亿元。 "当前鄂尔多斯市"产程管理""阴道分泌"等17项基础产科医疗服务，可享受医保全额报销，"分泌镇 痛""导乐分娩"等13项特色服务不予报销，需个人支付，未来鄂尔多斯市将持续推动各项惠民政策落地 见效。"鄂尔多斯市医疗保障局医药科工作人员杨雪超说。（完） 在鄂尔多斯市中心医院康巴什部，孕产妇的产检环节实现实时结算、无需垫付，这大幅缩短了排队等候 时间；住院分娩推行一站式结算，无需孕产妇反复提交材料，既减轻了经济负担，也省去了来回跑腿的 麻烦。 "咱们产检的实时率，还有定期 ...

Market Overview - The steel raw materials sector experienced a decline of 1.85% on January 20, with Fangda Carbon leading the drop [1] - The Shanghai Composite Index closed at 4113.65, down 0.01%, while the Shenzhen Component Index closed at 14155.63, down 0.97% [1] Individual Stock Performance - Guangdong Mingzhu saw an increase of 2.36%, closing at 8.68, with a trading volume of 567,700 shares and a transaction value of 486 million yuan [1] - Baodi Mining increased by 1.54%, closing at 7.89, with a trading volume of 203,100 shares and a transaction value of 158 million yuan [1] - Steel Titanium Co. rose by 0.85%, closing at 3.56, with a trading volume of 2,017,800 shares and a transaction value of 709 million yuan [1] - Other stocks like Erdos, Jinling Mining, and Dazhong Mining experienced declines of 1.19%, 1.57%, and 1.94% respectively [1] Capital Flow Analysis - The steel raw materials sector saw a net outflow of 149 million yuan from main funds, while retail investors contributed a net inflow of 127 million yuan [1] - Dazhong Mining had a main fund net inflow of 16.29 million yuan, but a retail net outflow of 26.49 million yuan [2] - Fangda Carbon experienced a significant main fund net outflow of 1.19 billion yuan, with retail investors contributing a net inflow of 72.09 million yuan [2]

Core Viewpoint - China General Nuclear Power Group (CGN) has established a new company, China General Nuclear New Energy (Changning) Co., Ltd., focusing on renewable energy generation and services, particularly in wind and solar power [1][2]. Group 1: Company Overview - The new company was founded on December 26, 2025, and is located in Tianyuan Town, Changning County, Baoshan City, Yunnan Province [1]. - The legal representative of the company is Pu Zhiyong, and its business scope includes power generation, transmission, and distribution services, as well as technical services for wind and solar power and energy storage [1]. Group 2: Shareholder Information - The company is a joint venture between CGN's subsidiary, China General Nuclear Yunnan New Energy Co., Ltd., which holds a 99% stake, and Sichuan Yongxiang Co., Ltd., which holds a 1% stake [2]. - The registered capital of the new company is 10 million yuan, with CGN Yunnan contributing 9.9 million yuan and Sichuan Yongxiang contributing 100,000 yuan [2].

Group 1 - The stock price of Ordos fell by 5.02% to 14.37 CNY per share, with a trading volume of 155 million CNY and a turnover rate of 0.54%, resulting in a total market capitalization of 40.218 billion CNY [1] - Ordos Resources Co., Ltd. is located in the Dongsheng District of Ordos City, Inner Mongolia, and was established on October 15, 1995, with its listing date on April 26, 2001. The company's main business includes cashmere clothing, power metallurgy, and chemicals [1] - The revenue composition of Ordos includes: silicon iron 37.05%, PVC resin 18.59%, clothing 13.60%, caustic soda 7.78%, others 7.65%, coal 5.87%, silicon manganese alloy 3.76%, fertilizer 2.81%, calcium carbide 2.55%, and polysilicon 0.34% [1] Group 2 - The Zhongyou Core Preferred Mixed A Fund (590001) holds 1.55 million shares of Ordos, accounting for 1.97% of the fund's net value, ranking as the ninth largest holding. The estimated floating loss today is approximately 1.178 million CNY [2] - The Zhongyou Core Preferred Mixed A Fund was established on September 28, 2006, with a current scale of 799 million CNY. Year-to-date return is 2.2%, ranking 6418 out of 8848 in its category; the one-year return is 6.38%, ranking 6975 out of 8093; and since inception, the return is 100.03% [2] Group 3 - The fund managers of Zhongyou Core Preferred Mixed A are Chen Liang and Wang Gao. Chen Liang has a tenure of 11 years and 184 days, with a total fund asset size of 3.46 billion CNY, achieving a best return of 61.38% and a worst return of -51.16% during his tenure [3] - Wang Gao has a tenure of 5 years and 198 days, managing a total fund asset size of 1.915 billion CNY, with a best return of 76.18% and a worst return of -29.36% during his tenure [3]

Group 1 - The stock of Inner Mongolia Erdos Resources Co., Ltd. fell by 5.02% on January 20, closing at 14.37 yuan per share, with a trading volume of 155 million yuan and a turnover rate of 0.54%, resulting in a total market capitalization of 40.218 billion yuan [1] - The company, established on October 15, 1995, and listed on April 26, 2001, has its main business activities in cashmere clothing, power metallurgy, and chemicals. The revenue composition is as follows: silicon iron 37.05%, PVC resin 18.59%, clothing 13.60%, caustic soda 7.78%, others 7.65%, coal 5.87%, silicon manganese alloy 3.76%, fertilizer 2.81%, calcium carbide 2.55%, and polysilicon 0.34% [1] Group 2 - According to data from the top ten heavy stocks of funds, one fund under Penghua Fund holds shares in Erdos. The Penghua Anrong Mixed A (011572) fund held 3,300 shares in the third quarter, accounting for 0.1% of the fund's net value, ranking as the fourth largest heavy stock. The estimated floating loss today is approximately 2,508 yuan [2] - The Penghua Anrong Mixed A fund was established on September 22, 2021, with a current scale of 261.9 million yuan. Year-to-date, it has lost 0.1%, ranking 8,575 out of 8,848 in its category; over the past year, it has gained 2.75%, ranking 7,641 out of 8,093; and since inception, it has achieved a return of 12.01% [2] Group 3 - The fund managers of Penghua Anrong Mixed A are Du Peijun, Zhang Jingxian, and Kou Binqian. As of the report, Du Peijun has a cumulative tenure of 4 years and 302 days, managing a total fund asset of 12.245 billion yuan, with the best fund return during his tenure being 21.77% and the worst being -0.28% [3] - Zhang Jingxian has a cumulative tenure of 258 days, managing a total fund asset of 3.008 billion yuan, with the best return of 3.47% and the worst of 0.76% during her tenure [3] - Kou Binqian has a cumulative tenure of 2 years and 215 days, managing a total fund asset of 3.785 billion yuan, with the best return of 117.37% and the worst of 0.46% during his tenure [3]