Investment Rating - The report does not explicitly provide an investment rating for the industry, but it suggests focusing on sectors with technological scarcity and high financial growth potential, particularly in solid-state batteries, AI hardware, and fertility subsidies [3][19]. Core Insights - The market experienced fluctuations with a notable decrease in trading volume, where the North Exchange A-share trading amount reached 24.24 billion, down by 4.23 billion from the previous trading day [1][7]. - The report highlights the importance of monitoring sectors such as solid-state batteries and AI hardware, which are expected to benefit from recent developments and policy support [3][19]. - The upcoming earnings reports are anticipated to drive structural market trends, with a focus on companies showing high growth potential [3][19]. Summary by Sections Market Review - On July 28, the North Exchange A-share trading volume was 24.24 billion, a decrease of 4.23 billion from the previous day, with the North Exchange 50 Index closing at 1455.37, down 0.25% [1][7]. - Among 268 companies listed, 153 saw an increase in stock prices, while 106 experienced declines, indicating a mixed market performance [1][16]. Important News - The Ministry of Industry and Information Technology emphasized the need to consolidate the results of the comprehensive rectification of the new energy vehicle industry and strengthen governance in the photovoltaic sector [19]. - The State Administration for Market Regulation announced measures to combat low-quality and low-price competition among enterprises [20]. Key Company Announcements - Zizhong Temple announced plans to use up to 290 million yuan of idle funds for low-risk short-term financial products to enhance capital efficiency [21]. - Kairun Intelligent Control received a termination notice from the North Exchange regarding its application for a specific stock issuance [22]. - Dadi Electric announced the establishment of a wholly-owned subsidiary in Anhui Province with a registered capital of 50 million yuan to enhance production capacity [23].

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 company *ST Yun Chuang announced an investment of 510,000 RMB to establish a subsidiary, Beijing Yun Qi Zhi Xue Education Technology Co., Ltd., focusing on technology services and software development, aligning with its strategic development goals [2] - The subsidiary has received its business license from the Beijing Fengtai District Market Supervision Administration, and this investment is not expected to adversely affect the company's financial status or operational results [2] - *ST Yun Chuang was established on March 18, 2011, with a registered capital of 1,323.76125 million RMB, and its main business includes the development, operation, and sales of big data information intelligent storage processing technology products and related services [2] Group 2 - The company's revenue for 2022 to 2024 is projected to be 375 million RMB, 296 million RMB, and 50.4 million RMB, reflecting year-on-year declines of 21.33%, 21.15%, and 82.95% respectively [3] - The net profit attributable to the parent company for the same period is expected to be -14.82 million RMB, -60.12 million RMB, and -174 million RMB, with year-on-year changes of -122.54%, -306.16%, and -189.56% respectively [3] - The company's asset-liability ratios for the years 2022 to 2024 are 32.09%, 29.42%, and 29.34% [3]

证券代码：835305 证券简称：*ST 云创 公告编号：2025-054 南京云创大数据科技股份有限公司 对外投资设立控股子公司并取得营业执照的公告 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、对外投资概述 南京云创大数据科技股份有限公司（以下简称"公司"）基于经 营发展需要，投资人民币 51.00 万元设立控股子公司北京云启智学 教育科技有限公司（以下简称"云启智学"），主要从事技术服务、 软件开发等业务。本次对外投资不涉及进入新的领域，本次投资未达 到董事会和股东大会的审批标准，亦不属于关联交易和重大资产重组 事项。 二、 投资标的基本情况 经营范围：一般项目：技术服务、技术开发、技术咨询、技术交 流、技术转让、技术推广；组织文化艺术交流活动；组织体育表演活 动；体育经纪人服务；体育竞赛组织；文艺创作；企业形象策划；旅 游开发项目策划咨询；信息咨询服务（不含许可类信息咨询服务）； 人工智能应用软件开发；专业设计服务；会议及展览服务；软件外包 服务；教育咨询服务（不含涉许可审批的教育培训活动 ...

New Stock Issuance - Multiple companies are scheduled for new stock issuance on July 24, 2025, including *ST Zitian (300280) and ST Nanzhi (002305) [1] - Significant announcements were made for companies like Guosheng Tang (300436) and Huayin Power (600744) on July 17 and July 15, respectively [1] Trading Alerts - Companies such as Gaoguan Min Explosive (002827) and Zhongyan Dadi (003001) have recent trading alerts as of July 24, 2025 [1] - A total of 50 companies have been flagged for abnormal trading fluctuations, indicating potential market volatility [2] Market Trends - The report highlights a trend of increased market activity with numerous companies announcing significant changes in stock status [1] - The presence of multiple *ST (Special Treatment) companies suggests heightened scrutiny and potential risk for investors [1] Regulatory Compliance - Companies are required to disclose significant announcements to ensure transparency in trading activities [1] - The report emphasizes the importance of monitoring announcements to assess market conditions and investment risks [1]

New Stock Listings - Tech Source Group issued shares at a price of 10.88 CNY[1] - Shanda Power issued shares at a price of 14.66 CNY[1] Market Alerts - ST Zitian reported an equity date on July 21, 2025, with a link to the announcement[1] - Guangshengtang experienced severe abnormal fluctuations, with an announcement on July 17, 2025[1] - Huayin Power had an announcement on July 15, 2025, regarding market conditions[1] - Multiple companies including Shangwei New Materials, China Power Construction, and Jiangnan Chemical had announcements on July 23, 2025, regarding market activities[1] Abnormal Fluctuations - Companies such as ST Weier and ST Huadong reported significant fluctuations with announcements on July 21, 2025[2] - ST Jinyi and ST Yundong also reported abnormal fluctuations with announcements on July 17, 2025[2]

证券代码：835305 证券简称：*ST 云创 公告编号：2025-053 南京云创大数据科技股份有限公司 2025 年第二次临时股东会决议公告 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。 1.会议召开时间：2025 年 7 月 18 日 2.会议召开地点：公司会议室 3.会议召开方式：现场（提供网络投票） 4.会议召集人：董事会 5.会议主持人：董事长刘鹏先生 6.召开情况合法合规的说明： 本次股东会的会议召集、召开、议案审议程序等符合《公司法》等有关法律、 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 出席和授权出席本次股东会的股东共 4 人，持有表决权的股份总数 82,440,007 股，占公司有表决权股份总数的 62.2771%。 一、会议召开和出席情况 （一）会议召开情况 其中通过网络投票参与本次股东会的股东共 2 人，持有表决权的股份总数 14,073,007 股，占公司有表决权股份总数的 10.6311%。 （三）公司董事、监事、高级管理人员出席或列席股东会 ...

锦 天 城 律 师事 务 所 ALLBRIGHT LAW OFFICES 上海市锦天城（南京）律师事务所 关于南京云创大数据科技股份有限公司 2025 年第二次临时股东会的 法律意见书 地址：南京市建邺区江东中路 347 号国金中心一期 27、28 楼 电话: 025-68515000 邮编：210019 上海市锦天城（南京）律师事务所 法律意见书 !"#$%&'()*+,-./0 12()3456789:;<=>?0 2025 @ABCDE:FGH0 I+JKL0 致：南京云创大数据科技股份有限公司 上海市锦天城（南京）律师事务所（以下简称"本所"）接受南京云创大数 据科技股份有限公司（以下简称"公司"）委托，就公司召开 2025 年第二次临时 股东会（以下简称"本次股东会"）的有关事宜，根据《中华人民共和国公司法》 （以下简称"《公司法》"）、《上市公司股东会规则》等法律、法规、规章和规范 性文件以及《南京云创大数据科技股份有限公司章程》（以下简称"《公司章程》"） 的有关规定，出具本法律意见书。 为出具本法律意见书，本所及本所律师依据《律师事务所从事证券法律业务 管理办法》和《律师事务所证券法律业务执业 ...

Market Overview - On July 17, the trading volume of North Exchange A-shares reached 21.16 billion yuan, an increase of 1.28 billion yuan from the previous trading day[3] - The North Exchange 50 Index closed at 1428.1, up 0.9%, with a PE TTM of 67.79 times[3] - The North Exchange Specialized and New Index closed at 2438.2, up 0.8%[3] Stock Performance - Among 268 companies on the North Exchange, 140 rose, 11 remained flat, and 117 fell[3] - The top five gainers were: Huiwei Intelligent (14.8%), Hongyu Packaging (11.8%), Jiahe Technology (10.8%), Guangxin Technology (9.8%), and Wuxin Tunnel Equipment (8.7%)[3] - The top five losers were: Guangzi International (-7.3%), Yunchuang Data (-6.3%), Benlang New Materials (-4.8%), Fangsheng Co. (-3.5%), and Taipeng Intelligent (-3.3%)[3] Key News - National electricity load reached a historical high of 1.506 billion kilowatts, an increase of 0.055 billion kilowatts from last year[5] - The adjustment of consumption tax policy for ultra-luxury cars now applies to vehicles priced at 900,000 yuan or above (excluding VAT)[5] Investment Recommendations - Focus on sectors like AI computing, innovative pharmaceuticals, humanoid robots, and power grid construction as key market drivers[6] - The report suggests paying attention to specialized and new companies with strong performance certainty, especially in new productivity areas[6]

Group 1 - *ST Yun Chuang (835305) experienced a significant increase of 20.10% in stock price, with a trading volume of 3.57 billion yuan and a turnover rate of 24.57% on the same day [2] - The stock was listed on the North Exchange's daily trading information due to its price increase, trading amplitude of 33.13%, and turnover rate [2] - The top five trading departments accounted for a total transaction amount of 42.60 million yuan, with a net buying amount of 2.49 million yuan [2] Group 2 - The largest buying department was Dongfang Caifu Securities Co., Ltd. with a purchase amount of 4.69 million yuan, while the largest selling department was also Dongfang Caifu Securities Co., Ltd. with a selling amount of 4.13 million yuan [2] - Over the past six months, *ST Yun Chuang has appeared on the trading list 11 times, with an average price increase of 0.32% the day after being listed and an average increase of 14.70% in the following five days [2]