格隆汇9月4日｜太平洋证券研报指出，用友网络上半年收入35.81亿元，同比减少5.9%；归母净利 润-9.45亿元。二季度收入恢复增长。2025年第二季度，公司收入22.03亿元，同比增长7.1%。报告期 末，公司员工数量为19105人，较2025年初减少2178人。公司云服务累计付费客户数为95.48万家，新增 云服务付费客户数8.23万家。公司发布全新一代用友BIP智能体构建平台，无缝接入4,000多个企业级应 用API，助力企业10分钟随需构建一个企业级智能体；数据平台全面提升智能应用水平，ChatBI、 DataAgent等智能化能力平台研发完成。公司现阶段持续围绕AI进行探索。预计2025-2027年公司的EPS 分别为-0.12\0.05\0.13元，维持"买入"评级。 ...

格隆汇9月4日丨湖北宜化(000422.SZ)公布，截至公告披露日，20万吨/年烧碱搬迁节能改造项目(简 称"烧碱项目")已建成年产20万吨烧碱装置及相关配套设施，经相关主管部门审核后，于近期安全顺利 投产，烧碱产品已满负荷生产。 ...

格隆汇9月4日丨宁波建工(601789.SH)公布，公司控股子公司宁波市政工程建设集团股份有限公司（简 称"市政集团"）及全资子公司宁波建工工程集团有限公司（简称"建工集团"）于近日分别收到招标人宁 波市城市基础设施建设发展中心及招标代理人德威工程管理咨询有限公司签发的《宁波市公共资源交易 平台中标通知书》。根据该《中标通知书》及招标文件，市政集团、建工集团分别为环城南路东延快速 路一期工程（主线段、富春江立交段）施工Ⅰ标段、Ⅴ标段中标单位。Ⅰ标段：539,723,243.00，即人 民币伍亿叁仟玖佰柒拾贰万叁仟贰佰肆拾叁元整；Ⅴ标段：576,842,996.00即人民币伍亿柒仟陆佰捌拾 肆万贰仟玖佰玖拾陆元整。 ...

格隆汇9月4日｜太平洋证券研报指出，人福医药2025年上半年实现营业收入120.64亿元，同比下降 6.20%，主要系医药支付端结构性改革影响以及公司落实"归核聚焦"工作，持续优化业务结构所致；归 母净利润11.55亿元，同比增长3.92%。宜昌人福是亚洲最大的麻醉药品定点研发生产基地，也是全球最 全的芬太尼系列产品商业化生产企业，麻醉药品国内市场份额超过60%。公司正加快从仿制药向创新药 的战略转型，2025年上半年研发投入达7.43亿元，同比增长5.32%，并围绕神经系统用药、甾体激素类 药物等领域培育核心产品。子公司治疗用生物制品1类新药重组质粒-肝细胞生长因子注射液已完成生产 现场核查及临床现场核查；治疗用生物制品1类HWS116注射液、化药1类CXJM-66注射液、HW231019 片、RFUS-949片、HW201877胶囊以及化药2类RFUS-301注射剂、盐酸艾司氯胺酮注射液等项目已获批 临床。维持"买入"评级。 ...

Core Viewpoint - China Jushi achieved a net profit attributable to shareholders of 1.687 billion yuan in the first half of the year, representing a year-on-year increase of 75.51% [1] Financial Performance - The company reported a non-recurring loss of 14.14 million yuan from the disposal of non-current assets, compared to 333 million yuan in the same period last year [1] - The adjusted net profit attributable to shareholders, excluding non-recurring items, was 1.701 billion yuan, showing a significant year-on-year growth of 170.74% [1] - In Q2 alone, the company generated revenue of 4.63 billion yuan, which is a year-on-year increase of 6.28% [1] - The net profit attributable to shareholders for Q2 was 957 million yuan, reflecting a year-on-year growth of 56.58% [1] Market Position and Outlook - China Jushi is a leading enterprise in the domestic fiberglass roving and electronic cloth sector, with strong cost and structural advantages, maintaining a solid market position [1] - The company is expected to achieve net profits attributable to shareholders of 3.64 billion yuan, 3.86 billion yuan, and 4.72 billion yuan for the years 2025, 2026, and 2027, respectively [1] - Corresponding valuations are projected to be 16 times, 15 times, and 13 times for the respective years [1] - The recommendation for the stock remains a "buy" rating [1]

Core Viewpoint - The A-share market experienced a widespread decline in bank stocks, with several banks falling over 2% and others declining by more than 1% [1] Group 1: Stock Performance - Yunnan Rural Commercial Bank (渝农商行) saw a decline of 2.29%, with a total market capitalization of 72.7 billion [2] - Shanghai Rural Commercial Bank (沪农商行) decreased by 2.01%, with a market cap of 84.5 billion [2] - Jiangyin Bank (江阴银行) fell by 1.83%, with a market value of 11.9 billion [2] - Bank of China (中国银行) dropped by 1.80%, with a market capitalization of 1,756.1 billion [2] - China Everbright Bank (光大银行) decreased by 1.60%, with a market cap of 217.4 billion [2] - Shanghai Bank (上海银行) declined by 1.57%, with a market value of 133.4 billion [2] - CITIC Bank (中信银行) fell by 1.53%, with a market capitalization of 430.1 billion [2] - Pudong Development Bank (浦发银行) decreased by 1.52%, with a market cap of 413.8 billion [2] - Zhangjiagang Bank (张家港行) saw a decline of 1.12%, with a market value of 10.8 billion [2] - Huaxia Bank (华夏银行) fell by 1.34%, with a market capitalization of 117.1 billion [2] - Minsheng Bank (民生银行) decreased by 1.11%, with a market cap of 195.3 billion [2] - China Construction Bank (建设银行) dropped by 1.10%, with a market capitalization of 23,623 billion [2] - Chengdu Bank (成都银行) saw a decline of 1.09%, with a market value of 76.6 billion [2] - Qilu Bank (齐鲁银行) decreased by 1.05%, with a market cap of 34.6 billion [2] - Ningbo Bank (宁波银行) fell by 1.03%, with a market capitalization of 184.3 billion [2] - China Merchants Bank (招商银行) decreased by 1.03%, with a market cap of 1,070.8 billion [2] - Zijin Bank (紫金银行) saw a decline of 1.02%, with a market value of 10.6 billion [2]

Core Viewpoint - Zijin Mining (601899.SH) experienced a decline of 5.41%, trading at 23.59 yuan, with a total transaction volume of 8.4 billion yuan and a market capitalization of 626.97 billion yuan [1] Summary by Relevant Sections - Shareholding Reduction - The company's vice president, Shen Shaoyang, reduced his shareholding by 250,000 shares due to the need to raise funds for the company's 2025 employee stock ownership plan [1] - The reduction occurred between September 2 and 3, 2025, at a price range of 24.55 to 25.5 yuan per share, totaling 6.25 million yuan [1] - This share reduction plan has been fully implemented [1]

中邮证券研报指出，徐工机械上半年实现归母净利润43.58亿元，同增16.63%；实现扣非归母净利润 44.67亿元，同增35.57%。公司经营业绩向好，经营质量持续提升，上调为"买入"评级。分产品来看， 起重机械、土方机械、桩工机械、高空作业机械、矿业机械、其他工程机械及备件及其他分别实现收入 104.74、170.19、26.15、45.72、47.33、153.95亿元，同比增速分别为3.74%、22.37%、-6.02%、 1.00%、6.32%、2.87%。从客户结构看，国内营销优质客户销售收入同比增长6%，跟踪重大商机项目 同比提升34%。此外，公司发布股权激励方案，绑定管理层与股东利益。 ...

东兴证券研报指出，中谷物流上半年实现归母净利润10.72亿元，同比增长41.59%。上半年业绩略超预 期，外贸租船持续景气。盈利增长主要系报告期内贸运价上涨及外贸运力投放增加。由于将部分运力调 整至利润率更高的外贸租船业务，公司上半年毛利率由去年同期的12.6%提升至23.4%，毛利率大幅增 长，带动盈利快速提升。认为公司的高分红政策是可持续的，若今年全年按照85%左右的分红比例计 算，以25年预期盈利计算，股息率高达7.8%，具备较强吸引力，维持公司"推荐"评级。 ...

Group 1 - The stock of Juhe Shun (605166.SH) has decreased by 4.11%, currently trading at 12.13 yuan, with a transaction volume of 240 million yuan and a market capitalization of 3.8 billion yuan [1] - The shareholder, Hainan Yongchang New Materials Co., Ltd., plans to reduce its holdings due to its own funding needs, with a reduction period set from September 25, 2025, to December 24, 2025 [1] - The total shares to be reduced amount to no more than 944,170 shares, which represents a reduction of no more than 3%, with 314,720 shares to be sold through centralized bidding and 629,450 shares through block trading [1]