Group 1 - The major asset restructuring plan of Hongming Co., Ltd. has been terminated after nearly two months of planning due to the inability to reach a final agreement with the counterparty [1] - Hongming Co. announced on May 21 that it was planning to acquire 83% of Shenzhen Chisu Automation Equipment Co., Ltd. for cash, which would make Shenzhen Chisu a subsidiary if completed [1] - The company will request a full refund of the 15.1 million yuan (approximately 2.1 million USD) earnest money paid to the counterparty [1] Group 2 - Hongming Co. is a manufacturer of packaging equipment, focusing on research, production, and sales, with its main products being various automated packaging machines [2] - In its first year of listing, the company experienced a significant decline in both revenue and net profit, with a revenue drop of 28.86% and a net profit decrease of 41.03% [2] - The company reported losses for two consecutive years in 2023 and 2024, with net profits of -16.77 million yuan and -9.77 million yuan respectively [2] - In the first quarter of 2025, the company’s revenue was 46.81 million yuan, a year-on-year decrease of 0.36%, and the net profit was 4.03 million yuan, down 7.18% year-on-year [2] - The net cash inflow from operating activities in the first quarter was 6.28 million yuan, a decrease of 52.89% compared to the same period last year [2]

Core Viewpoint - The major shareholder and actual controller of Beiken Energy, Chen Pinggui, has completed a share reduction plan, selling a total of 6.03 million shares, which accounts for 3% of the company's total share capital [1] Group 1: Share Reduction Details - Chen Pinggui's share reduction plan was announced on March 28, with a timeframe from April 22 to July 21, 2025, during which he intended to reduce his holdings by up to 6,029,628 shares [1] - The reduction was executed in two phases: from April 22 to June 17, 2,009,876 shares were sold at an average price of 8.5736 yuan per share, and from June 6 to July 16, 4,019,752 shares were sold at an average price of 8.8584 yuan per share [1] - The total cash generated from this reduction was approximately 52.84 million yuan, leaving Chen Pinggui with 26,455,372 shares, representing 13.1627% of the company [1] Group 2: Previous Share Reduction - Prior to this, Chen Pinggui had reduced his holdings by 410,000 shares between July 31 and October 30, 2024, at an average price of 8.741 yuan, resulting in approximately 3.58 million yuan in cash [2] Group 3: Company Background and Business - Beiken Energy was established in 2009 and is based in Karamay, listed on the Shenzhen Stock Exchange since December 2016, focusing on integrated engineering services in the oil and gas sector, coal gas extraction, clean coal utilization, and chemical product sales [2] Group 4: Upcoming Share Issuance - Beiken Energy plans to issue up to 54 million shares to its chairman, Chen Dong, aiming to raise no more than 356 million yuan, which will lead to a change in the controlling shareholder from Chen Pinggui to Chen Dong [2] - Post-issuance, Chen Dong's shareholding will increase to 21.18%, while Chen Pinggui's will decrease from 15.17% to 11.95% [2] Group 5: Financial Performance - In Q1 2025, Beiken Energy reported revenue of 141.9 million yuan, a year-on-year decline of 14.81%, and a net profit of 5.023 million yuan, which represents a significant drop compared to previous periods [3] - The company's net profit has shown considerable volatility, with a loss exceeding 300 million yuan in 2022, and fluctuating profits from 2019 to 2024 [3]

Core Viewpoint - The extension of Line 5 in Shenzhen is set to enhance transportation efficiency in the southern region, creating a significant transit artery of approximately 50.526 kilometers with 37 stations, expected to open within the year [1][2]. Group 1 - The Line 5 west extension project has achieved dual power supply (35KV and 400V), ensuring stable electricity for equipment and necessary power for testing and debugging [1][2]. - The project spans 2.88 kilometers, starting from Huangbeiling Station and ending at the Grand Theater Station, with three new stations: Dongmen Road Station, Jianshe Road Station, and Grand Theater Station [1][2]. - The extension will allow direct access to the Grand Theater Station from Line 5 without needing to transfer to Line 2, significantly improving convenience for commuters [2]. Group 2 - The construction faced challenges due to dense urban infrastructure and complex underground networks, including the need to tunnel under existing structures like the Guangzhou-Shenzhen Railway [2]. - The successful completion of the dual power supply marks a critical milestone in the project, providing essential power for the operational readiness of the line [2].

Group 1 - The virtual asset market is rapidly developing, with Hong Kong accelerating its efforts to establish itself as an international virtual asset center, attracting Chinese brokerage firms to enter the market [1] - The Hong Kong government views Web3.0 and virtual assets as core strategies to reshape financial competitiveness, having released the "Virtual Asset Policy Declaration" in 2023 to support industry innovation [1] - The Hong Kong Securities and Futures Commission (SFC) has tightened regulations, implementing a "dual license" system for virtual asset trading platforms, with 11 institutions already obtaining formal licenses [1] Group 2 - Hong Kong is exploring the issuance of an official stablecoin, the "Digital Hong Kong Dollar," aimed at providing an anchor asset for the virtual economy and enhancing cross-border payment capabilities [2] - Companies listed in Hong Kong are accelerating their layout in the Web3.0 sector, covering various areas such as trading platforms, data analysis, and asset tokenization [2] - OSL Group, as Hong Kong's first licensed virtual asset trading platform, reported a 79% year-on-year revenue increase to HKD 375 million in 2024, with a trading volume exceeding HKD 100 billion [2] Group 3 - Other Hong Kong-listed companies, such as Boyaa Interactive, Victory Securities, and Blueport Interactive, have also made moves in the cryptocurrency space, with stock price increases of 97%, 176%, and 60% respectively this year [3]

Group 1 - The core viewpoint of the articles indicates that China's bond market has been stable this year, with a significant growth in bond ETFs, which have surpassed 400 billion yuan in scale [1][2] - In the first half of 2025, the issuance of various bonds in China's bond market reached 44.3 trillion yuan, marking a 16% year-on-year increase, while net financing from bonds was 8.8 trillion yuan, accounting for 38.6% of the increase in social financing scale [1] - The bond ETF market has seen rapid expansion, with nearly 200 billion yuan in net inflows this year, bringing the total size of bond ETFs to approximately 431.18 billion yuan, which represents about 10% of the total ETF market [1] Group 2 - Analysts suggest that the third quarter will see an increase in the success rate of bullish positions in the bond market due to factors such as declining funding rates and potential liquidity support from the central bank [2] - The demand for credit bonds remains supported by the growth of wealth management products and strong demand for credit bond ETFs, with expectations for credit spreads to remain low [2] - The introduction of the first batch of Sci-Tech Innovation Board bond ETFs is anticipated to generate additional demand for credit bonds in the short term [2]

Core Viewpoint - The Shenzhen Municipal Science and Technology Innovation Bureau and the Shenzhen Municipal Finance Bureau have released the "Management Measures for Central Guidance Funds for Local Science and Technology Development," aligning with national policies to enhance funding usage and project support methods [1][2]. Group 1: Management Measures Overview - The "Management Measures" consists of seven chapters and 33 articles, covering general principles, management responsibilities, support directions, project organization, fund usage, budget performance, and supervision [1][2]. - Central guidance funds are intended to support Shenzhen in implementing national innovation-driven development strategies and optimizing the regional innovation environment [1]. Group 2: Funding Support and Usage - The revised funding support methods include direct subsidies, post-subsidies, and reward-based subsidies for major technology tasks, regional innovation system construction, and basic research [2]. - For technology achievement transfer and transformation, funding will utilize risk compensation, post-subsidies, and venture capital guidance [2]. - The science and technology department can delegate project management and fund supervision to affiliated institutions as needed [2]. Group 3: Fund Management Regulations - The "Management Measures" implements a "negative list" management approach to regulate fund usage [3].

Group 1 - The integration of AI in supermarkets is transforming the shopping experience, with features like AI shopping assistants, smart scales, and instant delivery services becoming commonplace [1][2] - The sp@ce Tianhong Supermarket 3.0 in Longgang District, Shenzhen, showcases advanced AI capabilities, including an AI assistant named "Xiao Tian" that provides product recommendations based on customer preferences [1][3] - The collaboration between Tianhong and Huawei has led to the development of a "smart retail model," enhancing customer experience through AI-driven recommendations and efficient checkout processes [1][3] Group 2 - Modern urban consumers prioritize health and convenience, leading to supermarkets like Aeon SM dedicating over 60% of their space to fresh produce and offering traceability for food products [2][3] - Self-checkout areas in Aeon SM stores have increased efficiency, with over 60% of transactions now conducted through self-service, significantly reducing wait times for customers [2][3] - The sp@ce Tianhong Supermarket promotes "small portion economy" to cater to single and small-family households, offering smaller packaging options to minimize waste [2][3] Group 3 - Digital tools are enhancing operational efficiency in supermarkets, with employees using handheld devices for inventory management and customer service, leading to quicker restocking and improved customer satisfaction [3] - Both Aeon and Tianhong are leveraging customer relationship management (CRM) systems to analyze member data, optimizing product offerings and personalized promotions [3] - The integration of AI across various operational aspects, from AI shopping assistants to supply chain management, is driving a shift towards data-driven retail practices [3]

在2016－2025年，九年的科创长河里，大漠大用无人机在夜空写下了自己的"成长曲线"。 【深圳商报讯】（记者曾智辉）近日，文化和旅游部正式公布第二批技术创新中心建设名单，批准建设 11个国家级创新中心。位于龙华的深圳大漠大智控技术有限公司凭借卓越实力，联合北京航空航天大学 成功获批筹建"无人机集群低空表演文化和旅游部技术创新中心"（以下简称"创新中心"）。 自成立以来，大漠大便以无人机集群自动化表演系统为核心，集研发、生产、销售和服务于一体，迅速 成长为全球领先的无人机集群自动化表演系统供应商。当前，大漠大已拥有100+核心自主知识产权， 聚集高精技术研发与艺术设计人才，实现了从几十架平铺闪灯的图文展示，到上万架的三维立体造型的 动态丝滑切换，已连续六年荣登春晚舞台，屡次打破吉尼斯世界纪录。 技术创新方面，在"高安全性、高可靠性、高完美率"理念引领下，大漠大2025年发布的全新一代无人机 集群V4系统首次实现了"1次布场，无限续飞"，并将自动化率提升80%，经软硬件技术全面升级，并加 装降落伞安全防护系统，飞行可靠性提升至接近99.999%，以超60%的国内文旅市场占有份额，为低空 文旅发展贡献出"中国范本 ...

Group 1 - The Shenzhen Supply Chain Innovation Cooperation Matching Conference was held on July 17, showcasing Shenzhen's economic vitality, innovation, urban charm, and investment potential to the world [1] - The conference featured 28 key enterprises from Shenzhen, including Stable Medical, UBTECH, Dazhu Laser, and Bettery, highlighting Shenzhen's significant position and strength in the global supply chain [1] - Shenzhen aims to become a global industrial technology innovation center by 2024, with its economic total expected to rank among the top ten cities globally, and it has maintained the top position in foreign trade scale in China for four consecutive years [1] Group 2 - The investment center of Longgang District presented its "3+4+N+AI" industrial structure, emphasizing advantages in electronic information, cross-border e-commerce, and artificial intelligence, along with the latest industrial investment policies [2] - The conference included representatives from companies like Kaili Medical, Diancao Agriculture, and Yuanrong Qihang, who shared insights on high-end intelligent medical devices, digital agriculture, and advanced intelligent driving technology [2] - The Shenzhen Municipal Council for the Promotion of International Trade will continue to build bridges between government and enterprises, facilitating precise connections for Shenzhen companies with quality partners in the global supply chain [2]

（文章来源：深圳商报） 科创债ETF广发基金经理洪志认为，科创公司债ETF成份券等级高，发行人以央国企为主信用资质良 好，票息具有性价比，适合作为底仓配置。其次，指数化投资每月调整样本券，久期相对稳定，机构可 调节ETF仓位与自身负债久期匹配。同时，ETF投向明确，覆盖科创领域相关行业，投资者可根据组合 需求调整行业配置。加之做市制度能在一定程度上解决信用债成交不连续的痛点，便于客户进行信用债 波段交易。 华夏基金表示，作为债券市场支持科技创新发展的新兴融资工具，科创债高度契合当下发展新质生产力 的要求。作为债券ETF的创新品类，科创债ETF既保留了债券的稳健底色，又融入了科技的成长基因。 科创基因、较低的投资门槛、场内T+0的灵活交易等都使其配置价值凸显。在政策红利窗口期，科创债 ETF以其兼顾票息收益和流动性的特性，成为值得投资者长期关注且布局的理想之选。 同花顺数据显示，7月17日当天，科创债ETF鹏华、科创债ETF嘉实、科创债ETF富国的单日成交金额均 超百亿元，分别为183.61亿元、157.27亿元、118.75亿元；科创债ETF华夏、科创债ETF招商、科创债 ETF南方日成交额均超50亿元。换手 ...