因公司关联法人广东地方铁路有限责任公司（以下简称"地方铁路"）为被 吸收方国义粤兴股东，故本次吸收合并事项构成关联交易。本次吸收合并事项不 构成《上市公司重大资产重组管理办法》规定的重大资产重组情形。 （二）决策与审议程序 公司于 2025 年 8 月 4 日召开第六届董事会第八次会议审议通过了《关于国 义建设工程咨询（广州）有限公司换股吸收合并广州国义粤兴工程咨询有限公司 暨关联交易的议案》，本次关联交易金额为地方铁路所持国义粤兴股权的估值对 价，约为 253.46 万元人民币。过去 12 个月内，公司与同一关联人地方铁路发生 的未经预计的累计关联交易金额未达到公司最近一期经审计总资产 2%或超过 3,000 万元，该议案无需提交公司股东会审议。 （三）本次关联交易不存在需经有关部门批准的情况 证券代码：831039 证券简称：国义招标 公告编号：2025-052 国义招标股份有限公司 关于控股子公司之间吸收合并暨关联交易的公告 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、关联交易概述 （一） ...

第六届董事会第八次会议决议公告 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。 国义招标股份有限公司 一、会议召开和出席情况 （一）会议召开情况 1.会议召开时间：2025 年 8 月 4 日 2.会议召开地点：公司会议室 3.会议召开方式：现场及通讯方式 证券代码：831039 证券简称：国义招标 公告编号：2025-051 4.发出董事会会议通知的时间和方式：2025 年 7 月 25 日以电话及邮件方式 发出 5.会议主持人：董事长王卫 6.会议列席人员：公司监事、高级管理人员 7.召开情况合法、合规、合章程性说明： 本次董事会会议召开符合有关法律、行政法规、部门规章、规范性文件和公 司章程的规定。 （二）会议出席情况 会议应出席董事 9 人，出席和授权出席董事 9 人。 董事成澍、李进一因个人原因以通讯方式参与表决。 （一）审议通过《关于国义建设工程咨询（广州）有限公司换股吸收合并广州国 义粤兴工程咨询有限公司暨关联交易的议案》 1.议案内容： 具体内容详见公司于 2025 年 8 月 4 日在 ...

证券研究报告 | 北交所定期报告 | | --- | hyzqdatemark 2025 年 08 月 04 日 证券分析师 赵昊 SAC：S1350524110004 zhaohao@huayuanstock.com 王宇璇 SAC：S1350525050003 wangyuxuan@huayuanstock.com "两新"政策持续推进，关注北交所以旧换新等方向公司 ——北交所消费服务产业跟踪第二十五期（20250803） 投资要点： 请务必仔细阅读正文之后的评级说明和重要声明 联系人 "两新"政策有效促进消费与投资，带动相关商品销售额超过 1.6 万亿元。2025 年以旧换新 政策支持范围进一步扩大。2025 年消费品以旧换新政策继续显效，截至 6 月底，汽车、家电、 手机等数码产品、家装、电动自行车 5 大类消费品以旧换新合计带动销售额超过 1.6 万亿元， 已超过 2024 年消费品以旧换新销售额。2025 年设备更新在多个领域扩大补贴范围。2025 年 上半年，设备工器具购置投资同比增长 17.3%，与"两新"密切相关的计算机及办公设备制 造业、消费品制造业、装备制造业、工业技改投资同比分别增长 ...

证券代码：831039 证券简称：国义招标 公告编号：2025-050 国义招标股份有限公司 持股 5%以上股东拟减持股份的预披露公告 本公司及董事会全体成员及相关股东保证公告内容不存在虚假记载、误导性 陈述或重大遗漏，并对其内容的真实、准确和完整承担个别及连带责任。 二、 本次减持计划的主要内容 | | | 计划减 | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | 股东名 | 计划减持 | 持数量 | 减持 | 减持 | 减持价格 | 拟减持 | 拟减持 | | 称 | 数量 | 占总股 | 方式 | 期间 | 区间 | 股份来 | 原因 | | | （股） | 本比例 | | | | 源 | | | | | （%） | | | | | | | 广东地 | 不高于 | 1.99% | 集中竞 | 自披 | 市场价格 | 进入精 | 股权投 | | 方铁路 | 3,061,000 | | 价 | 露之 | | 选层前 | 资正常 | | 有限责 | | | | 日起 | | 取得 | 退出 | | 任公司 | | | | 30 个 ...

证券代码：831039 证券简称：国义招标 公告编号：2025-049 国义招标股份有限公司高级管理人员离任公告 公司本次高级管理人员变动符合法律法规、部门规章、业务规则和公司章程等规 定。 （二）人员变动对公司的影响 本次离任未导致公司董事会成员人数低于法定最低人数，未导致公司监事会成员 人数低于法定最低人数，未导致职工代表监事人数少于监事会成员的三分之一。本次 离任未导致董事会中兼任高级管理人员的董事和由职工代表担任的董事人数超过公 司董事总数的二分之一。未导致董事会或者其专门委员会中独立董事所占的比例不符 合相关规则或者公司章程的规定，未导致独立董事中欠缺会计专业人士。 三、相关风险揭示 因公司经营管理的需要，公司进行内部工作分工调整，周广民先生、张惠玲女士 辞去副总经理职务后仍在公司任职，不会对公司生产经营活动产生不利影响。 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、高级管理人员离任的基本情况 本公司周广民先生，因工作调动，自 2025 年 7 月 28 日起不再担任副总经理。该人 员 ...

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].

Market Overview - On July 18, the North Exchange A-shares trading volume reached 22.46 billion yuan, an increase of 1.31 billion yuan from the previous trading day[3] - The North Exchange 50 Index closed at 1418.6, down 0.7%, with a PE TTM of 67.25 times[3] - The North Exchange Specialized and New Index closed at 2428.8, down 0.4%[3] Stock Performance - Among 268 companies on the North Exchange, 74 rose, 7 remained flat, and 187 fell[3] - The top five gainers were: Jiahe Technology (30.0%), Wanyuantong (11.0%), Kaida Catalysis (10.7%), Benlang New Materials (9.1%), and Haidaer (6.8%)[3] - The top five losers were: Guoyi Tender (-6.4%), Chunguang Pharmaceutical (-4.8%), Tonghui Information (-4.3%), Huaxi Technology (-4.2%), and Guoyuan Technology (-3.9%)[3] Investment Insights - The overall trading activity on the North Exchange improved, indicating better capital participation, but market differentiation is significant[6] - Key themes include the Ministry of Industry and Information Technology's upcoming plans for ten key industries, which may boost the materials and basic chemical sectors[6] - Short-term market fluctuations are expected, but policy benefits and deepening reforms at the North Exchange may enhance long-term confidence[6]

Core Points - As of July 14, the total margin financing and securities lending balance on the Beijing Stock Exchange reached 5.912 billion yuan, an increase of 8.4908 million yuan from the previous trading day [1] - The stocks with the highest margin financing balances include Jinbo Biological, Airong Software, and Better Energy, with balances of 361 million yuan, 175 million yuan, and 151 million yuan respectively [1] - A total of 130 stocks had net margin purchases on July 14, with 47 stocks having net purchases exceeding one million yuan, led by Hualing Co. with a net purchase of 5.7832 million yuan [1] Industry Summary - The industries with the most stocks receiving net margin purchases over one million yuan include machinery, power equipment, and computers, with 11, 8, and 8 stocks respectively [2] - On July 14, stocks with net margin purchases over one million yuan had an average increase of 0.79%, with notable gainers including Guoyi Tender, Wanda Bearings, and Fuheng New Materials, which rose by 18.33%, 7.36%, and 5.99% respectively [2] - The average turnover rate for stocks with net margin purchases over one million yuan was 6.04%, with the highest turnover rates seen in Benlang New Materials, Guoyi Tender, and Fuheng New Materials at 33.90%, 18.53%, and 17.63% respectively [2]

Summary of Key Points Core Viewpoint - The trading volume and turnover of stocks on the Beijing Stock Exchange (BSE) showed a decrease on July 14, with a total trading volume of 1.101 billion shares and a turnover of 22.509 billion yuan, down by 2.315 billion yuan compared to the previous trading day. Trading Performance - Among the tradable stocks on the BSE, 160 stocks closed higher, accounting for 59.70% of the total, with notable gainers including Guoyi Tender (up 18.33%), Chunguang Intelligent (up 12.67%), and Wanda Bearings (up 7.36%) [1] - Conversely, 97 stocks closed lower, with *ST Yunchuang leading the declines at 14.27%, followed by Zhisheng Information (down 7.11%) and Tonghui Information (down 6.87%) [1] Active Stocks - A total of 63 stocks had a turnover exceeding 100 million yuan, with the highest turnover recorded for Benlang New Materials (826 million yuan), Wanda Bearings (645 million yuan), and Guoyi Tender (580 million yuan) [1] - The trading activity indicated that 29 stocks had a turnover rate exceeding 10%, with 6 stocks exceeding 20%. The highest turnover rates were observed in *ST Guangdao (35.99%), Benlang New Materials (33.90%), and Zhongshe Consulting (25.81%) [1] Detailed Stock Performance - The closing prices and performance of notable stocks included: - Benlang New Materials: Closing price 18.92 yuan, unchanged, turnover rate 33.90%, turnover 825.59 million yuan [2] - Wanda Bearings: Closing price 131.30 yuan, up 7.36%, turnover rate 15.66%, turnover 644.71 million yuan [2] - Guoyi Tender: Closing price 21.30 yuan, up 18.33%, turnover rate 18.53%, turnover 580.02 million yuan [2] - *ST Yunchuang: Closing price 14.00 yuan, down 14.27%, turnover rate 17.62%, turnover 204.51 million yuan [2] Market Trends - The overall market showed a mixed performance with a significant number of stocks experiencing both gains and losses, reflecting a volatile trading environment on the BSE [1][2]

New Stock Issuance - Shanda Electric (Stock Code: 301609) issued at a price of 14.66[1] - Jiyuan Group (Stock Code: 732262) issued at a price of 10.88[1] Market Alerts - Jichuan Pharmaceutical (Stock Code: 600566) has a tender offer period from June 18, 2025, to July 17, 2025[1] - The last trading day for Tuisan Jinguang (Stock Code: 600190) is July 14, 2025, with 4 trading days remaining[1] - The last trading day for Tuisan Jinjing (Stock Code: 900952) is also July 14, 2025, with 4 trading days remaining[1] Abnormal Fluctuations - *ST Zitian (Stock Code: 300280) reported severe abnormal fluctuations on July 10, 2025[1] - *ST Yushun (Stock Code: 002289) reported abnormal fluctuations on July 11, 2025[1] Other Notable Announcements - Longyuan Green Energy (Stock Code: 603185) announced on July 11, 2025[1] - Kedi Pharmaceutical (Stock Code: 000590) announced on July 14, 2025[1]