Investment Rating - The industry is rated as "Overweight," indicating an expected increase in performance exceeding the market benchmark by over 10% in the next 6-12 months [31]. Core Insights - The weekly average trading volume on the North Exchange reached 31.08 billion yuan, a 42.4% increase compared to the previous week, with the North Exchange 50 index rising by 2.85% [5][12]. - Key stocks that performed well included Hengli Drilling Tools (up 184.1%), Tietuo Machinery (up 64.9%), and Jikang Instruments (up 51.1%) [12][15]. - Significant news includes a record-breaking humanoid robot project by UBTECH worth 90.51 million yuan and the commencement of a 1.2 trillion yuan hydropower project in Tibet [14][16]. Summary by Sections Market Overview - The North Exchange's average daily trading volume was 31.08 billion yuan, reflecting a 42.4% week-on-week increase, with a daily turnover rate of 3.3% [5][6]. - The North Exchange 50 index saw a weekly increase of 2.85% [5]. Key News and Policies - A humanoid robot project by UBTECH set a global record with a contract worth 90.51 million yuan, with plans to deliver 500 units within the year [14]. - The 1.2 trillion yuan hydropower project on the Yarlung Tsangpo River has officially commenced, expected to boost the infrastructure sector [16]. Core Driving Factors - Regulatory deepening and institutional optimization are progressing alongside the World Artificial Intelligence Conference (WAIC), which showcased advancements in AI and robotics [26]. - The infrastructure sector is gaining momentum due to the Yarlung Tsangpo project, with increased activity in related industries [27]. - Market sentiment is improving with a return of liquidity, although volatility remains low [28]. Investment Recommendations and Strategies - Focus on sectors aligned with new productive forces, such as AI, commercial aerospace, and new energy equipment, prioritizing companies with technological barriers and scarce products in the A-share market [29]. - Emphasize growth companies with revenue and profit growth exceeding 20% and R&D intensity above 5%, while avoiding high-valuation sectors lacking performance support [29]. - Monitor event-driven catalysts, including project announcements and mergers, which may disrupt the current low-volatility environment [29].

Group 1 - The report highlights the commencement of the Yarlung Zangbo River downstream hydropower project, which involves the construction of five cascade power stations with a total investment of approximately 1.2 trillion yuan [2][13][14] - There are 10 key companies related to water conservancy and tunnel construction, with a total market capitalization of 34.762 billion yuan as of July 25, 2025 [2][12][16] - Key companies include Weixin Tunnel Equipment, Jikang Technology, and Hengli Drill Tools, which are involved in various aspects of construction and technology services [2][19][22] Group 2 - The five major industries, including high-end equipment, information technology, chemical new materials, consumer services, and pharmaceutical biology, all experienced positive average weekly returns, with high-end equipment leading at +5.48% [3][25] - The average price-to-earnings (P/E) ratios for these industries have increased, with high-end equipment reaching a median of 50.7X and information technology at 92.7X [3][27][29] Group 3 - In the technology sector, 107 out of 150 companies saw an increase in stock prices, with a median increase of +1.47%, and notable performers included Hengli Drill Tools (+184.05%) and Jikang Technology (+51.12%) [4][40][42] - The overall market capitalization of the technology sector rose from 468.617 billion yuan to 485.780 billion yuan, with the median market capitalization increasing from 2.370 billion yuan to 2.452 billion yuan [4][43][48] Group 4 - Companies such as Minshida and Parallel Technology reported significant growth in their semi-annual reports, with Minshida achieving a total revenue of 237 million yuan (+27.91%) and a net profit of 63 million yuan (+42.28%) [5][62] - Parallel Technology reported a total revenue of 458 million yuan (+69.27%) and a net profit of 5 million yuan (+20.05%) for the first half of 2025 [5][62]

Group 1: Market Performance - The average daily change for the North Exchange (北证) and A-shares (A股) shows significant fluctuations, with a peak of 30% for Tianrun Technology (天润科技) on July 25, 2025[8] - The trading volume for the North Exchange reached a total of 600 billion CNY, with an average turnover rate of 16% as of July 25, 2025[6] - The average price-to-earnings ratio (PE) for companies listed on the North Exchange varies significantly across industries, with some sectors showing a PE as high as 516.07[12] Group 2: Stock Performance - The top-performing stocks on July 25, 2025, include Tianrun Technology with a 30% increase and a market capitalization of 29.19 billion CNY[8] - Conversely, the worst-performing stock, Jikang Technology (基康技术), saw a decline of 12.56% with a market capitalization of 52.76 billion CNY[9] - The average daily change for the North Exchange was notably higher than that of the A-share market, indicating a more volatile trading environment[7] Group 3: Risks and Challenges - The report highlights risks including lower-than-expected policy support, insufficient technological innovation, and increased market competition[13] - Market volatility remains a significant concern, impacting investor sentiment and stock performance across various sectors[13]

2、 核实方式： 电话询问、口头询问、微信询问等方式。 3、 核实结论： 证券代码：430564 证券简称:天润科技 公告编号：2025-052 陕西天润科技股份有限公司股票交易异常波动公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带法律责任。 一、股票交易异常波动的具体情况 公司股票最近 2 个有成交的交易日（2025 年 7 月 24 日至 2025 年 7 月 25 日）以内收盘 价涨幅偏离值累计达到 43.27%，根据《北京证券交易所交易规则》的有关规定，属于股票 交易异常波动情形。 二、公司关注并核实的相关情况 1、 核实对象： 公司控股股东、实际控制人及一致行动人、持股 5%以上股东，在任的董事、监事及高 级管理人员。 陕西天润科技股份有限公司 董事会 2025 年 7 月 25 日 前期公告的事项不存在需要更正、补充之处,未发现可能或已经对本公司股票交易价格 产生较大影响的媒体报道或市场传闻，不涉及热点概念事项；近期公司经营情况及内外部经 营环境未发生重大变化；公司、控股股东和实际控制人不存在关于 ...

Group 1: Stock Performance - Yiming Pharmaceutical achieved a 10.00% increase over two consecutive days, driven by developments in Tibet and medical technology [3] - Kantai Medical saw a first board listing with a 20.03% rise, attributed to medical device advancements [4] - Zhengchuan Co. also debuted on the first board with a 9.99% increase, linked to medicinal glass [3] - Yuheng Pharmaceutical and Tianmu Pharmaceutical both recorded first board listings with increases of 10.09% and 10.00% respectively, related to the pharmaceutical sector [3] Group 2: AI and Robotics - Zhi Zhen Technology and Zhongdian Xinlong both debuted on the first board with a 10.01% increase, associated with computing power and machine learning [6] - Hubei Broadcasting and Duolun Technology also saw first board listings with increases of 10.04% and 9.95%, driven by computing power and AI applications [7] - The M-Robots open-source project was announced, aiming to create a unified robot operating system [11] Group 3: Infrastructure and Energy - The announcement of a 1.2 trillion yuan investment in a super hydropower project has led to significant interest in related stocks [13][16] - Nanfang Road Machinery and Tuoshan Heavy Industry both achieved consecutive board listings with increases of 9.99% and 10.01%, linked to engineering machinery [15] Group 4: Tourism and Hospitality - The demand for various types of tourism, including educational and family trips, has surged, with national railways reporting 341 million passenger trips [18][19] - Sizhizang Tourism and Tianfu Cultural Tourism both recorded first board listings with increases of 9.99% and 10.04%, reflecting the growing tourism sector [20] Group 5: Market Trends - The stock market has shown a strong focus on sectors such as robotics, AI, and infrastructure, with multiple companies achieving significant stock price increases [22][23]

Core Viewpoint - The performance of Huawei's computing concept stocks is active, with significant gains observed in several companies ahead of the World Artificial Intelligence Conference (WAIC) [1] Group 1: Stock Performance - Yuncong Technology saw a rise of over 10% [1] - Zhizhen Technology reached its daily limit up [1] - Tianrun Technology, Tuolisi, and Zhongcheng Technology increased by over 5% [1] - Other companies such as Hand Information, Danghong Technology, Youkede, and Hengwei Technology also experienced gains [1] Group 2: Upcoming Events - The 2025 World Artificial Intelligence Conference (WAIC) is set to take place from July 26 to July 29 [1] - Huawei will showcase its Ascend 384 super node hardware for the first time at this event [1] - Huawei's Ascend super node technology has achieved the industry's largest scale with 384 card high-speed bus interconnection [1]

Group 1: Market Overview - Google's earnings report indicates strong demand for AI, contributing to a rise in tech stocks, while initial jobless claims in the U.S. have decreased for six consecutive weeks, leading to new highs for the Nasdaq and S&P 500 indices [1] - The S&P 500 closed up 0.07%, while the Dow Jones fell by 0.70%, and the Nasdaq rose by 0.18% [1] Group 2: Company Performance - Google opened high but closed up by 1%, while Tesla's stock dropped over 8% due to a pessimistic outlook [2] - Nvidia reached a new closing high, whereas Intel's stock fell approximately 3% after its earnings report [2] Group 3: Economic Indicators - U.S. jobless claims data has reduced expectations for Federal Reserve interest rate cuts, with the 2-year yield rising by 5 basis points [4] - The dollar increased by 0.3%, while gold prices fell by 0.55% [4] Group 4: Domestic Events - China's State Council will focus on optimizing state-owned asset investments and resisting "involution" competition [8] - The People's Bank of China and the Ministry of Agriculture and Rural Affairs issued guidelines to enhance financial services for rural reforms [7] Group 5: Industry Insights - The upcoming 2025 World Artificial Intelligence Conference will gather over 800 companies, with significant product launches expected, including over 50 AI terminals and 40 large models [18] - The Chinese IP toy market is projected to grow from 75.6 billion yuan in 2024 to 167.5 billion yuan by 2029, with a compound annual growth rate of 17% [19] Group 6: New Stock Offerings - HanSang Technology is set to launch an IPO on the ChiNext board at a price of 28.91 yuan per share, focusing on the high-end audio sector [22] Group 7: Corporate Announcements - Angel Yeast plans to acquire a 55% stake in Shengtong Sugar Industry for 506 million yuan, aiming to enhance its sugar segment and downstream business [23] - High Energy Environment intends to repurchase shares worth 100 million to 150 million yuan, reporting a net profit of 502 million yuan for the first half of the year, a year-on-year increase of 20.85% [23]

Group 1 - The central government emphasizes the high-quality development of the marine economy, with the national marine GDP expected to reach 11.18 trillion yuan in 2025, reflecting a year-on-year growth of 5.9% in 2024 [4][11][20] - The marine economy's contribution to the national GDP is projected to be 7.8%, with 15 marine industries achieving a total added value of 4.3733 trillion yuan in 2024, growing by 7.5% [21][22] - The deep-sea technology sector is identified as a key area for development, with significant investments and strategic initiatives aimed at enhancing capabilities in underwater observation, construction, and resource extraction [9][30][31] Group 2 - The report identifies 11 companies within the deep-sea economic industry chain listed on the Beijing Stock Exchange, including Audiwei (ultrasonic underwater ranging sensors), Wantong Hydraulic (hydraulic cylinders for offshore drilling platforms), and Klete (ventilation and air treatment systems) [40] - The marine engineering equipment manufacturing industry in China is experiencing a recovery, with an expected added value of 112.6 billion yuan in 2025, following a growth of 9.1% to 103.2 billion yuan in 2024 [30][33] - The report highlights the increasing market interest in deep-sea technology, with emerging sectors such as deep-sea energy storage and carbon sequestration expected to drive future growth [31][32]

授权公告日：2025 年 6 月 27 日 证券代码：430564 证券简称：DR 天润科 公告编号：2025-051 陕西天润科技股份有限公司 关于取得发明专利证书的公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、 误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连 带法律责任。 一、基本情况 陕西天润科技股份有限公司（以下简称"公司"）于 2025 年 6 月 27 日收到 由国家知识产权局颁发的三项《发明专利证书》。具体情况如下： （一）发明名称：基于遥感数据的林业信息识别方法及系统 专利号：ZL 2024 1 1312997.4 《发明专利证书》（证书号第 8035201 号） 陕西天润科技股份有限公司 授权公告号：CN 118887480 B 授权公告号：CN 120012790 B 二、对公司的影响 上述发明证书的取得体现了公司的科技创新及自主研发能力，有利于保护公 司知识产权，有助于提升公司综合竞争力，对公司未来的经营发展具有积极意义。 三、备查文件 《发明专利证书》（证书号第 8031586 号） 《发明专利证书》（证书号第 8032119 号） ...

证券代码：430564 证券简称：天润科技 公告编号：2025-050 陕西天润科技股份有限公司 2024 年年度权益分派实施公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、 误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连 带法律责任。 陕西天润科技股份有限公司 2024 年年度权益分派方案已获 2025 年 5 月 22 日召开的股东会审议通过，本次实施分配方案距离股东会审议通过的时间未超过 两个月。 现将权益分派事宜公告如下： 本次权益分派基准日合并报表归属于母公司的未分配利润为 106,197,243.35 元，母公司未分配利润为 105,968,241.09 元，母公司资本公积为 123,692,681.31 元（其中股票发行溢价形成的资本公积为 123,669,715.81 元，其他资本公积为 22,965.50 元）。本次权益分派共计转增 14,850,603 股，派发现金红利 3,712,650.90 元。 一、权益分派方案 1、本公司 2024 年年度权益分派方案为： 以公司现有总股本 74,253,018 股为基数，向全体股东每 10 股转增 ...