Group 1 - The core viewpoint of the news is that 恒拓开源 has shown a slight increase in stock price and has low financing balance, indicating a potential investment opportunity [1] - As of August 11, 恒拓开源's financing balance is 21.02 million yuan, which is 1.20% of its market capitalization and below the 50th percentile level over the past year, suggesting a low financing position [1] - The company has not engaged in any short selling activities on August 11, with a short selling balance of 0, indicating a high level of confidence among investors [1] Group 2 - As of March 31, 恒拓开源 had 12,100 shareholders, an increase of 2.84% from the previous period, while the average number of circulating shares per shareholder decreased by 2.76% to 8,746 shares [2] - For the first quarter of 2025, 恒拓开源 reported revenue of 27.74 million yuan, a year-on-year decrease of 17.00%, and a net profit attributable to shareholders of -1.69 million yuan, a significant decline of 154.82% [2] - The company has distributed a total of 30.65 million yuan in dividends since its A-share listing, with 22.80 million yuan distributed over the past three years [3]

证券代码：834415 证券简称：恒拓开源 公告编号：2025-048 恒拓开源信息科技股份有限公司 关于使用部分闲置募集资金进行现金管理的进展公告 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、 授权现金管理情况 （一）审议情况 为提高资金使用效率，增加公司收益水平，为股东获取更好的投资回报，2024 年 11 月 20 日，公司召开第四届董事会第七次会议、第四届监事会第六次会议， 2024 年 12 月 3 日召开 2024 年第二次临时股东会，审议通过《关于使用部分闲 置募集资金进行现金管理的议案》，公司拟使用闲置募集资金进行现金管理，投 资于安全性高、流动性好、可以保障投资本金安全的理财产品，包括但不限于结 构性存款、大额存单、通知存款等可以保障投资本金安全的产品。在前述额度内， 资金可以循环滚动使用，投资期限不超过 12 个月。决议自公司股东会审议通过 之日起 12 个月内有效，如单笔产品存续期超过前述有效期，则决议的有效期自 动顺延至该笔交易期满之日。 具体内容详见公司在北京证券交易所 ...

Investment Rating - The industry investment rating is positive, indicating a favorable outlook for the sector, with a focus on companies with stable performance and reasonable valuations [35]. Core Insights - The report highlights that the North Exchange 50 Index experienced a slight decline of 1.71% this week, closing at 1415.04 points, while the average market capitalization of A-share constituent stocks is 3.083 billion [5][11]. - The report emphasizes the importance of focusing on quality stocks with stable growth and reasonable valuations in the North Exchange, particularly in the context of the 2025 investment landscape [5]. Summary by Sections Overall Market Overview - As of July 4, 2025, the North Exchange A-share market consists of 268 stocks, with an average market capitalization of 3.083 billion. The North Exchange 50 Index saw a decline of 1.71% this week, while the Shanghai and Shenzhen 300 Index increased by 1.54% [5][11]. - The average daily trading volume for the North Exchange 50 was 27.983 billion, down 17.81% from the previous week, with a turnover rate of 3.18% [5][24]. Stock and Industry Performance - In the past week, 50 stocks increased in value, while 217 stocks decreased, resulting in an increase ratio of 18.66%, which is a decrease of 74.63 percentage points week-on-week [17]. - The top five performing industries were Beauty Care (8.60%), Light Industry Manufacturing (1.9%), Pharmaceutical Biology (1.57%), Transportation (0.60%), and Environmental Protection (0.47%). Conversely, the bottom five industries included Electronics (-4.86%), Automotive (-4.58%), Communications (-3.92%), Media (-3.88%), and Public Utilities (-3.22%) [19][22]. New Stock Updates - No new stocks were listed on the North Exchange this week, but one company, Jinhua New Materials, passed the review for listing, while another, Beikang Testing, is scheduled for review next week [28][29]. Key Companies and Earnings Forecast - The report identifies key companies to watch, including: - Tongli Co., Ltd. (stock code: 834599.BJ) with a buy rating and an expected EPS of 1.99 for 2025 [6]. - Wuxin Tunnel Equipment (stock code: 835174.BJ) also rated as buy with an expected EPS of 1.64 for 2025 [6]. - Kaide Quartz (stock code: 835179.BJ) rated as hold with an expected EPS of 1.03 for 2025 [6]. - Hualing Co., Ltd. (stock code: 430139.BJ) rated as hold with an expected EPS of 0.34 for 2025 [6]. - Hengtou Open Source (stock code: 834415.BJ) rated as hold with an expected EPS of 0.22 for 2025 [6]. - Tianli Composite (stock code: 873576.BJ) rated as buy with an expected EPS of 1.03 for 2025 [6].

证券代码：834415 证券简称：恒拓开源 公告编号：2025-047 恒拓开源信息科技股份有限公司 关于使用部分闲置募集资金进行现金管理的进展公告 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、 授权现金管理情况 （一）审议情况 为提高资金使用效率，增加公司收益水平，为股东获取更好的投资回报，2024 年 11 月 20 日，公司召开第四届董事会第七次会议、第四届监事会第六次会议， 2024 年 12 月 3 日召开 2024 年第二次临时股东会，审议通过《关于使用部分闲 置募集资金进行现金管理的议案》，公司拟使用闲置募集资金进行现金管理，投 资于安全性高、流动性好、可以保障投资本金安全的理财产品，包括但不限于结 构性存款、大额存单、通知存款等可以保障投资本金安全的产品。在前述额度内， 资金可以循环滚动使用，投资期限不超过 12 个月。决议自公司股东会审议通过 之日起 12 个月内有效，如单笔产品存续期超过前述有效期，则决议的有效期自 动顺延至该笔交易期满之日。 具体内容详见公司在北京证券交易所 ...

证券代码：834415 证券简称：恒拓开源 公告编号：2025-046 恒拓开源信息科技股份有限公司 关于使用部分闲置募集资金进行现金管理的进展公告 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。 具体内容详见公司在北京证券交易所信息披露平台（http://www.bse.cn/） 披露的《恒拓开源信息科技股份有限公司使用部分闲置募集资金进行现金管理的 公告》（公告编号：2024-110）。公司保荐机构中信建投证券股份有限公司出具了 无异议的核查意见。 （二）披露标准 根据《北京证券交易所股票上市规则》相关规定，交易的成交金额占上市公 司最近一期经审计净资产的 10%以上且超过 1,000 万元的应当予以披露；上市公 司连续 12 个月滚动发生委托理财的，以该期间最高余额为成交额，适用上述标 准。 公司本次以闲置募集资金购买理财产品的金额为人民币 1,600.00 万元，本 次现金管理后，公司使用闲置募集资金进行现金管理未到期余额为 17,100.00 万元，占公司 2024 年度经审计净资产的 32. ...

Group 1: REITs Market Overview - The REITs index continues to rise, with property types showing strength this week, indicating a recovery in market activity [2][3] - As of June 13, 2025, the total market value of REITs reached 204.08 billion yuan, an increase of 2.01 billion yuan from the previous week [3][4] - The average weekly increase for property-type REITs was 0.95%, outperforming other categories [4] Group 2: H Acid Market Dynamics - The average market price of H acid as of June 13, 2025, was 41,750 yuan per ton, up 5,750 yuan per ton since early January 2025 [6][7] - Supply-demand tightness is expected to push H acid prices higher, with effective domestic production capacity currently below 60,000 tons, leading to a supply gap of over 10% [8][9] - Companies with integrated production capacity for H acid and reactive dyes, such as Zhejiang Longsheng and Jinchicken Co., are expected to benefit from rising prices [9][10] Group 3: North Exchange Market Insights - As of June 13, 2025, the North Exchange A-share component stocks totaled 267, with an average market capitalization of 3.046 billion yuan [11] - The North Exchange 50 index experienced a decline of 3.11%, while the average daily trading volume increased by 31.28% compared to the previous week [11][12] - The newly listed company, Jiao Da Tie Fa, focuses on intelligent products and services for rail transit, with projected revenue of 335 million yuan for 2024 [12] Group 4: AI Chip Design System Launch - The world's first AI-based chip design system, "Enlightenment," was launched, achieving full automation in chip design processes [14][16] - The system can design a 32-bit RISC-V CPU in just five hours, matching the performance of Intel 486, and has completed its first silicon [16] - This innovation is expected to significantly enhance the efficiency of chip design and development in the semiconductor industry [16] Group 5: New Materials Industry Outlook - The new materials sector is anticipated to enter a growth phase driven by increasing downstream demand and supportive policies [14][25] - Key areas of focus include semiconductor materials, renewable energy technologies, and biodegradable plastics, which are expected to see significant investment and development [19][23] - The industry maintains a "recommended" rating due to its potential for growth and innovation [25]

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、本次股票解除限售数量总额为 378,357 股，占公司总股本 0.27%，可交易时 间为 2025 年 6 月 17 日。 二、本次股票解除限售的明细情况及原因 单位：股 | | | 是否为控股 | 董事、监 | | | 本次解除限 | | | --- | --- | --- | --- | --- | --- | --- | --- | | 序 | 股东姓 | 股东、实际 | 事、高级 | 本次解限 | 本次解除 | 售股数占公 | 尚未解除 | | | 名或名 | | 管理人 | | 限售登记 | | 限售的股 | | 号 | | 控制人或其 | | 售原因 | | 司总股本比 | | | | 称 | | 员任职 | | 股票数量 | | 票数量 | | | | 一致行动人 | 情况 | | | 例 | | | 1 | 武洲 | 否 | - | B | 378,357 | 0.27% | 1,135,073 | | | | 合计 | | — | 3 ...

证券代码：834415 证券简称：恒拓开源 公告编号：2025-043 （二） 本次减持事项是否与股东此前已披露的计划、承诺一致 股东减持股份结果公告 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。 一、 减持主体减持前基本情况 | 股东名称 | | 股东身份 | 持股数量 | 持股比例 | 当前持股股份来源 | | --- | --- | --- | --- | --- | --- | | | | | （股） | （%） | | | 马越 | 持股 | 5%以上股东 | 2,841,882 | 2.0225% | 北交所上市前取得 | | | | 的一致行动人 | | | | 二、 减持计划的实施结果 （一） 股东因以下原因披露减持计划实施结果： √减持计划实施完毕 √减持时间区间届满 | 股东 | 减持数 | 减持数 量占总 | 减持 | 减持 | | 减持价 | 已减持总金 | 减持 计划 | 当前持 | 当前持 | | --- | --- | --- | --- | --- | --- | --- | --- | - ...

证券代码：834415 证券简称：恒拓开源 公告编号：2025-044 恒拓开源信息科技股份有限公司 关于使用部分闲置募集资金进行现金管理的进展公告 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、 授权现金管理情况 （一）审议情况 为提高资金使用效率，增加公司收益水平，为股东获取更好的投资回报，2024 年 11 月 20 日，公司召开第四届董事会第七次会议、第四届监事会第六次会议， 2024 年 12 月 3 日召开 2024 年第二次临时股东会，审议通过《关于使用部分闲 置募集资金进行现金管理的议案》，公司拟使用闲置募集资金进行现金管理，投 资于安全性高、流动性好、可以保障投资本金安全的理财产品，包括但不限于结 构性存款、大额存单、通知存款等可以保障投资本金安全的产品。在前述额度内， 资金可以循环滚动使用，投资期限不超过 12 个月。决议自公司股东会审议通过 之日起 12 个月内有效，如单笔产品存续期超过前述有效期，则决议的有效期自 动顺延至该笔交易期满之日。 具体内容详见公司在北京证券交易所 ...

证券代码：834415 证券简称：恒拓开源 公告编号：2025-042 恒拓开源信息科技股份有限公司 持股 5%以上股东权益变动达到 1%的提示性公告 二、承诺、计划等履行情况 一、本次权益变动的基本情况 （一）信息披露义务人基本情况 | 1、基本情况 | | | | | | | | --- | --- | --- | --- | --- | --- | --- | | 信息披露义务人 | | | 马越 | | | | | 权益变动时间 | | | 2025 年 5 | 月 | 30 日 | | | 股票简称 | 恒拓开源 | | 证券代码 | | 834415 | | | 变动类型 | 增加□ | 减少☑ | 有无一致行动人 | | 有☑ | 无□ | | 是否为第一大股东或实际控制人 | | | 是□ | | 否☑ | | | 2、本次权益变动情况 | | | | | | | | 股东名称 | 变动方式 | | 减持股份（股） | | 减持比例 | | | 马越 | 集中竞价 | | 367,154 | | 0.2613% | | | | | （二）本次权益变动前后，信息披露义务人及其一致行动人拥有上市公 ...