Investment Rating - The report maintains an "Outperform" rating for the industry [4] Core Insights - The North Exchange's dual indices reached historical highs, with the North Specialized and New Index increasing by 12.59% and the North 50 Index by 10.64% in August 2025 [29] - The total number of listed companies on the North Exchange is 274, with a total market capitalization of 900.428 billion and a circulating market value of 548.534 billion, reflecting increases of 8.3% and 8.0% respectively [14] - The average daily margin balance reached a new high of 6.899 billion, up 14.58% month-on-month, with 9 trading days exceeding 7 billion [22] Market Overview - In August 2025, the North Exchange's stock trading activity remained active, with monthly trading volume and value at 25.972 billion shares and 641.638 billion respectively, with trading volume down 3.0% and trading value up 9.6% month-on-month [18][19] - The North 50 Index's price-to-earnings ratio (PE-TTM) was 53.34, placing it in the 99.38th percentile over the past two years, while the price-to-book ratio (PB-MRQ) was 10.29, in the 98.77th percentile [25][26] Industry Performance - The report indicates mixed returns across industries, with notable gains in electronics, telecommunications, power equipment, and agriculture, while declines were observed in textiles, beauty care, media, pharmaceuticals, and social services [33] - The median price-to-earnings ratios for various industries show light manufacturing at the highest with 120, followed by computing at 119, and telecommunications at 105 [25][28] New Listings and Market Dynamics - Five new companies were listed this month, including Sanxie Electric (920100.BJ), Balanshi (920112.BJ), Nengzhiguang (920056.BJ), Hongyuan Co. (920018.BJ), and Zhigao Machinery (920101.BJ) [14][3] - The report highlights ongoing regulatory and market innovations, emphasizing the North Exchange's commitment to supporting innovative small and medium-sized enterprises [3]

Core Viewpoint - Youli Intelligent (920007) announced a semi-annual report distribution plan, proposing a cash dividend of 10 yuan per share (including tax), with a total cash dividend distribution expected to be 42 million yuan [1] Financial Performance - The company reported a revenue of 481 million yuan for the first half of the year, representing a year-on-year growth of 29.47% [1] - Net profit for the same period was 57.95 million yuan, showing a year-on-year increase of 17.00% [1] - Earnings per share were reported at 1.88 yuan, with a weighted average return on equity of 17.68% [1] Business Overview - The company's main business focuses on the research, development, production, and sales of core components for photovoltaic brackets [1] Market Performance - The latest closing price of the stock was 77.77 yuan, with a cumulative increase of 0.63% over the past five days and a total turnover rate of 48.63% [1]

Core Insights - Youli Intelligent (920007.BJ) reported a strong performance in the first half of 2025, achieving operating revenue of 481 million yuan, a year-on-year increase of 29.47%, and a net profit attributable to shareholders of 57.94 million yuan, up 17.00% [1] Financial Performance - The company maintained a basic earnings per share of 1.88 yuan, continuing the rapid growth trend observed since 2024 [1] - The revenue growth reflects the company's strong momentum as a leading player in the photovoltaic support component industry [1] Business Focus and Product Offering - Youli Intelligent is recognized as a national-level "specialized and innovative" small giant enterprise, focusing on the production, research, and sales of core components for photovoltaic supports, including torque tubes (TTU) and photovoltaic support bearing assemblies (BHA) [1] - The company holds over 60 patented technologies and has developed proprietary processes such as rivet-free connections and tapered spindles, significantly enhancing product mechanical performance, which exceeds the industry average [1] Market Presence and Export Strategy - The company has maintained an export revenue ratio of over 70%, with products sold to emerging photovoltaic markets in Brazil, Europe, and the Middle East, demonstrating strong resilience in overseas demand [1] - Collaborations with leading international clients such as NEXTracker and Trina Solar have established a stable cooperation model characterized by "R&D linkage + long-term orders" [1] Manufacturing and Operational Efficiency - With years of manufacturing experience, the company continuously improves its process flows and introduces advanced manufacturing equipment, customizing machinery to enhance production efficiency [1] - The company has achieved full automation in certain production stages, enabling a high-capacity delivery capability that can promptly respond to large-scale supply demands, supporting the growth of product sales [1]

Group 1 - The company Youli Intelligent (920007) announced a semi-annual report distribution plan, proposing a cash dividend of 10 yuan per share (including tax), with a total cash dividend distribution expected to be 42 million yuan [2] - The company's semi-annual report indicates that revenue for the first half of the year was 481 million yuan, representing a year-on-year increase of 29.47%, while net profit was 57.95 million yuan, up 17.00% year-on-year, and earnings per share were 1.88 yuan, with a weighted average return on equity of 17.68% [2] - The company's main business focuses on the research, development, production, and sales of core components for photovoltaic brackets [2] Group 2 - The latest closing price of the company's stock is 77.77 yuan, with a cumulative increase of 0.63% over the past five days, and a total turnover rate of 48.63% [2]

华泰联合证券有限责任公司 关于江苏酉立智能装备股份有限公司 三、本次担保目的和对上市公司的影响 公司全资子公司安徽酉立因经营需要，为满足业务发展等对资金的需求，拟 向金融机构申请授信和相关贷款，为支持子公司发展，公司为其授信和相关贷款 提供担保。 本次安徽酉立向金融机构申请授信及贷款，保证其生产经营的流动资金需 求，对安徽酉立日常经营产生积极的影响，符合公司整体发展需要，且目前安徽 为全资子公司提供担保的核查意见 华泰联合证券有限责任公司（以下简称"华泰联合证券"或"保荐机构"） 作为江苏酉立智能装备股份有限公司（以下简称"酉立智能"或"公司"）向不 特定合格投资者公开发行股票并在北京证券交易所上市持续督导阶段的保荐机 构，对酉立智能履行持续督导义务。根据《证券发行上市保荐业务管理办法》《北 京证券交易所证券发行上市保荐业务管理细则》《北京证券交易所股票上市规 则》）等有关规定，华泰联合证券对酉立智能为全资子公司提供担保事项进行了 审慎核查，核查情况如下： 一、本次担保基本情况 酉立智能的全资子公司安徽酉立智能装备有限公司（以下简称"安徽酉立"） 拟向金融机构申请总额不超过人民币10,000万元（含）的综合授 ...

证券代码：920007 证券简称：酉立智能 公告编号：2025-090 江苏酉立智能装备股份有限公司 关于为全资子公司提供担保的公告 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、担保情况概述 （一）担保基本情况 江苏酉立智能装备股份有限公司（以下简称"公司"）的全资子公司安徽酉 立智能装备有限公司（以下简称"安徽酉立"）拟向金融机构申请额度为 10,000.00 万元（含）的综合授信额度，授信期限为一年，公司为上述综合授信提供连带责 任保证担保，担保金额 10,000.00 万元人民币，担保范围、担保方式、担保期限 等有关担保的具体事项以公司与相关银行最终签订的担保合同的约定条款为准。 （二）是否构成关联交易 根据《公司章程》及相关规定，本次担保无需股东会审议。 二、被担保人基本情况 三、担保协议的主要内容 本次交易不构成关联交易。 （三）决策与审议程序 2025 年 8 月 26 日，公司第一届董事会第二十三次会议审议通过《关于为全 资子公司提供担保的议案》，表决结果：6 票同意，0 票反对， ...

证券代码：920007 证券简称：酉立智能 公告编号：2025-060 江苏酉立智能装备股份有限公司 关于取消监事会、变更注册资本并修订《公司章程》的公告 | | 发 | | | | | | 发 | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | 起 人 | | | | | | 起 人 | | | | | | | 股 | 认购股 | | 出 | | | 股 | 认购股 | | 出 | | | 序 | 东 | 份数 | 持股 | 资 | | 序 | 东 | 份数 | 持股 | 资 | | | 号 | 名 | （万 | 比例 | 方 | 出资时间 | 号 | 名 | （万 | 比例 | 方 | 出资时间 | | | 称 | 股） | （%） | 式 | | | 称 | 股） | （%） | 式 | | | | / 姓 | | | | | | / 姓 | | | | | | | 名 | | | | | | 名 | | | | | | | 江 苏 | | | | | | 江 苏 | | | | ...

证券代码：920007 证券简称：酉立智能 公告编号：2025-094 二、工商注册登记情况 中文名称：酉立绿色能源公司 英文名称：YOULI GREEN ENERGY COMPANY 关于全资子公司完成工商登记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、基本情况 江苏酉立智能装备股份有限公司（以下简称"公司"）于 2025 年 6 月 6 日召 开第一届董事会第二十一次会议，审议通过《关于投资设立全资子公司的议案》。 具体内容详见公司在全国中小企业股份转让系统（www.neeq.com.cn）上披露的 《对外投资的公告》（公告编号：2025-041）。 类型：有限责任公司 注册地址：沙特阿拉伯 江苏酉立智能装备股份有限公司 《YOULI GREEN ENERGY COMPANY 营业执照》 江苏酉立智能装备股份有限公司 董事会 2025 年 8 月 26 日 股东结构：公司持股 100% 三、备查文件 ...

证券代码：920007 证券简称：酉立智能 公告编号：2025-092 江苏酉立智能装备股份有限公司 关于使用闲置自有资金购买理财产品的公告 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。 公司拟使用额度不超过人民币 4,000.00 万元的闲置自有资金进行现金管理， 用于购买风险较低、安全性较高、流动性好的理财产品。 （四） 委托理财期限 在上述额度内资金可以循环滚动使用，期限最长不超过 12 个月。 二、 决策与审议程序 一、 委托理财概述 （一） 委托理财目的 为提高资金使用效率，提升收益水平，在不影响公司主营业务正常发展的情 况下，对暂时闲置的自有资金进行现金管理，为公司及股东创造更大的收益。 （二） 委托理财金额和资金来源 在不影响公司主营业务正常发展的前提下，公司拟使用额度不超过人民币 4,000.00 万元的闲置自有资金进行现金管理。 （三） 委托理财方式 1、 预计委托理财额度的情形 五、 备查文件 《江苏酉立智能装备股份有限公司第一届董事会第二十三次会议决议》 公司于 2025 年 8 ...

证券代码：920007 证券简称：酉立智能 公告编号：2025-093 江苏酉立智能装备股份有限公司 关于召开 2025 年第二次临时股东会通知公告（提供网络投票） 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、会议召开基本情况 （一）股东会届次 本次会议为 2025 年第二次临时股东会。 （二）召集人 本次股东会的召集人为董事会。 （三）会议召开的合法合规性 本次会议的召集、召开和议案审议程序符合《中华人民共和国公司法》等法 律法规和《公司章程》的有关规定。 （四）会议召开方式 本次会议采用现场投票和网络投票相结合方式召开。 公司股东应选择现场投票或网络投票中的一种方式，如果同一表决权出现 重复投票表决的，以第一次投票表决结果为准。 （五）会议召开日期和时间 1、现场会议召开时间：2025 年 9 月 12 日 9：00。 2、网络投票起止时间：2025 年 9 月 11 日 15:00—2025 年 9 月 12 日 15:00。 登记在册的股东可通过中国证券登记结算有限责任公司（以下简称"中 ...