旅游观光 "GNV·北极星"号是我国首艘自主研发、设计及建造的大型出口客滚船，全长218米、型宽29.6 米，配置各类客舱298间。图为"GNV·北极星"号。 李 刚 钟 伟摄影报道 工程生产 全球首艘安装海上碳捕集和封存装置的海上浮式生产储油卸油船AGOGO FPSO在上海交付， 船长333米、宽60米，日产原油量可达12万桶。图为AGOGO FPSO。 沈文敏 曹嘉平摄影报道 工程生产 "BOREAS"号是我国建造的目前全球最大自升自航式海上风电安装船，最大工作水深80米， 能够安装25兆瓦的海上风机。图为"BOREAS"号在进行升降试验。 唐 克摄(影像中国) 科学考察 "雪龙2"号是我国第一艘自主建造的极地科考破冰船，是全球第一艘采用艏、艉双向破冰技术 的极地科考破冰船，续航力为2万海里。图为"雪龙2"号在南极中山站区域等待卸货。 新华社记者 黄韬 铭摄 旅游观光 "爱达·魔都号"是我国首艘国产大型邮轮，总长323.6米、型宽37.2米，有24层楼高、2125间客 房，可载乘客5246人。图为"爱达·魔都号"邮轮驶向山东青岛国际邮轮母港。 俞方平摄(人民视觉) 旅游观光 "九洲湾1号"是我国首艘近岸型 ...

Group 1 - iFlytek expects a significant reduction in losses for the first half of 2025, with projected revenue growth of 15%-20% and net profit growth of 30%-50% compared to the same period last year [1][2] - The company anticipates a gross profit increase of over 600 million yuan, with total sales receipts around 10.3 billion yuan, reflecting a year-on-year increase of approximately 1.3 billion yuan [1][2] - iFlytek's strategic focus on artificial intelligence and continuous investment in R&D, which constitutes about 20% of revenue, has led to healthy growth in its core business, particularly in the consumer sector [2][3] Group 2 - Seres expects a net profit increase of 66.20% to 96.98% for the first half of 2025, with projected net profit between 2.7 billion to 3.2 billion yuan [4] - The company's performance is attributed to its commitment to a software-defined vehicle strategy and the successful launch of new products in the second quarter of 2025 [4] Group 3 - WuXi AppTec anticipates a 44.43% increase in adjusted net profit for the first half of 2025, with expected revenue of approximately 20.8 billion yuan, a year-on-year growth of about 20.64% [5][6] - The growth is driven by the company's focus on its integrated CRDMO business model and the successful sale of part of its stock in WuXi XDC Cayman Inc., contributing an estimated gain of 3.21 billion yuan [6] Group 4 - China Shipbuilding expects a net profit increase of 98.25% to 119.49% for the first half of 2025, with projected net profit between 2.8 billion to 3.1 billion yuan [10] - The company has benefited from improved order structures and effective cost control, leading to significant revenue growth [10] Group 5 - Huadian Power anticipates a net profit increase of 62.62% to 70.22% for the first half of 2025, with projected net profit between 642 million to 672 million yuan [20] - The growth is attributed to effective cost reduction strategies and stable production processes [20] Group 6 - Lotus Holdings expects a net profit increase of 58.67% to 68.59% for the first half of 2025, with projected net profit between 160 million to 170 million yuan [21] - The company's new product development and sales have shown significant results, particularly in the new retail sector [21] Group 7 - Dongyangguang anticipates a net profit increase of 157.48% to 192.81% for the first half of 2025, with projected net profit between 583 million to 663 million yuan [28] - The company is accelerating its strategic layout in the intelligent computing and humanoid robot sectors, which has begun to yield revenue [28] Group 8 - Walden Materials expects a net profit of 545 million to 587 million yuan for the first half of 2025, reflecting a year-on-year growth of 30% to 40% [29] - The growth is driven by increased market demand across various product lines, including electronic materials and new energy vehicles [29] Group 9 - Sanmei Holdings anticipates a net profit increase of 146.97% to 171.67% for the first half of 2025, with projected net profit between 948 million to 1.042 billion yuan [30] - The company benefits from a favorable competitive landscape and rising demand for its fluorinated refrigerants [30]

Core Viewpoint - Both China Shipbuilding (SH600150) and China State Shipbuilding Corporation (SH601989) are expected to report significant year-on-year growth in net profit for the first half of 2025, with China Shipbuilding's profit scale projected to be higher than that of China State Shipbuilding, while the latter's growth rate is anticipated to be faster [1][8]. Group 1: Profit Forecasts - China Shipbuilding anticipates a net profit of between 2.8 billion to 3.1 billion yuan, representing a year-on-year increase of 98.25% to 119.49% [8]. - China State Shipbuilding expects a net profit of between 1.5 billion to 1.8 billion yuan, with a year-on-year growth of 181.73% to 238.08% [8]. Group 2: Reasons for Profit Growth - The profit growth for China Shipbuilding is attributed to increased prices and quantities of delivered civil ships, along with effective cost control [8]. - China State Shipbuilding's profit increase is due to its ability to leverage the shipbuilding industry's development trends, enhance efficiency, and significantly increase the number of civil ship deliveries [9]. Group 3: Industry Trends and Strategic Moves - The shipbuilding industry is experiencing a positive development trend, with both companies optimizing their order structures and improving operational performance [9]. - China Shipbuilding is set to absorb high-quality assets from China State Shipbuilding, aiming to become the largest and most technologically advanced shipbuilding company in China [10]. - The company plans to enhance its deep-sea technology capabilities, which are expected to create new demands in exploration, communication, equipment, materials, and services [11]. Group 4: Future Goals - China Shipbuilding aims to achieve an operating revenue of 80.5 billion yuan in 2025, with specific targets including the completion of 89 civil ships and 270 repair ships [11]. - The company is focusing on high-demand ship types such as large LNG carriers and VLCCs, while also enhancing its capabilities in deep-sea equipment development [11].

从行业角度看，这简直是一场及时雨。船舶行业正处在一个新一轮的景气周期，海运需求蹭蹭的涨，造 船三大指标一路飘红，中国船舶和中国重工订单都接到了手软。这时候的合并就像两个武林高手的合 体，把科研生产管理优势资源和产业链供应链关键环节整合起来以后造修船的先进生产要素都往这儿集 聚，国际竞争力想不提升那都是难的。而且合并后的中国船舶资产规模、营业收入，手持船舶订单都能 在全球领跑，妥妥的世界。第一大旗舰型造船上市公司，这在国际上说话语权就不同了。如今中国神船 的起航，你不仅是两家企业的胜利，更是中国高端制造从单点突破到系统领先的拐点。当全球船东开始 习惯中国标准，当韩国船厂连夜开会研究中国模式，这场合并的价值早已写在了波涛汹涌的蓝海之上 的。 （原标题：和讯投顾杨立华：千亿巨轮"联姻"收官） 全球造船业的天花板被中国两大巨头合力顶破了。最近随着上交所一纸批文落地，中国船舶西平中国重 工的超级重组正式通过了，这场涉及1151.5亿元，创下A股10年最大交易规模的整合。终于锻造出一艘 总资产超4,000亿元的中国神船。和讯投顾杨立华分析，当两大国之重器，不再相互踩脚，而是合力划 桨。一场产业格局的重塑大戏已经开始了。说 ...

2025.07. 10 7月10日晚间，沪深两市多家上市公司发布公告，以下是第一财经对一些重要公告的汇总，供投资者 参考。 【品大事】 塞力医疗：旗下联营企业治疗性降压疫苗项目试验能否成功还存在重大不确定性 塞力医疗(603716)发布股票交易异常波动公告，公司股票连续3个交易日内日收盘价格涨幅偏离值累 计超过20%，属于股票交易异常波动的情形。公司关注到近期市场对创新药业务关注度较高。公司 旗下联营企业华纪元生物是公司于2020年1月投资的参股公司，持有其15.61%的股份，投资金额 1066.6万元，华纪元生物2024年营业收入2.68万元，净利润-238.23万元。其治疗性降压疫苗项目 HJY-ATRQβ-001已完成概念验证（POC）阶段研究和临床前研究，已于2025年6月6日获得国家药 监局（NMPA）的新药临床试验申请（IND）受理，后续还需经一期、二期临床试验，试验能否成功 还存在重大不确定性。上述投资目前对公司主营业务的影响较小，敬请投资者注意相关风险，理性决 策，审慎投资。 人福医药：股东招商生科取得增持股份专项贷款承诺函 人福医药(600079)公告，公司近日收到股东招商生命科技（武汉）有 ...

上 市 公 司 2025 年 07 月 10 日 中国船舶 (600150) ——业绩预增超预期，船价已现企稳迹象重视左侧布局机 会 报告原因：有业绩公布需要点评 买入（维持） | 市场数据： | 2025 年 07 月 10 日 | | --- | --- | | 收盘价（元） | 32.38 | | 一年内最高/最低（元） | 45.95/26.93 | | 市净率 | 2.8 | | 股息率%（分红/股价） | 1.39 | | 流通 A 股市值（百万元） | 144,817 | | 上证指数/深证成指 | 3,509.68/10,631.13 | | 注："股息率"以最近一年已公布分红计算 | | 国防军工 | 基础数据: | 2025 年 03 月 31 日 | | --- | --- | | 每股净资产（元） | 11.63 | | 资产负债率% | 68.80 | | 总股本/流通 A 股（百万） | 4,472/4,472 | | 流通 B 股/H 股（百万） | -/- | 一年内股价与大盘对比走势： 07-10 08-10 09-10 10-10 11-10 12-10 01-10 02- ...

根据公告，中国船舶和中国重工2025年上半年业绩增长，主要是公司把握船舶行业发展态势，进一步发 挥主建船型批量建造优势，提升精益管理水平，交付的民品船舶数量增加，价格同比提升，建造成本管 控得当，经营业绩同比明显提升等多重因素的共同影响。 7月10日晚，正在推进吸收合并重组的中国船舶（600150.SH）和中国重工（601989.SH）同步发布 《2025年半年度业绩预增公告》。数据显示，中国船舶预计上半年实现净利润28亿元至31亿元之间，同 比增加98.25%至119.49%；中国重工预计上半年实现净利润15亿元至18亿元，同比增加181.73%至 238.08%。两家上市公司表现亮眼，业绩释放进入了上升期，展现出强劲的盈利能力和增长韧性，业内 普遍认为，重组完成后的造船行业龙头上市公司在协同效应的催化下，经济价值将更加可期，功能价值 将更加独特，战略价值将更为突出。 另外，上海证券交易所官网信息显示，中国船舶吸收合并中国重工的重大资产重组项目已取得关键进 展。具体而言，中国船舶吸收合并中国重工于7月4日获上交所并购重组审核委员会审核通过， 7月8日 完成向中国证监会提交重组方案注册稿。 业内预计，重组后的 ...

Market Review - The A-share market rose by 1.22% during the week of June 30 to July 4, with strong performance in the glass and innovative drug sectors [2] - The average daily trading volume for the A-share market was 1.4384 trillion yuan, a decrease of 45 billion yuan from the previous week, indicating high market activity [2] - The average number of rising stocks decreased to 2,610, down by 1,012 from the previous week, reflecting a weakening profit effect [2] High Prosperity Sectors Outlook for Q2 2025 - High-growth potential sectors identified for Q2 2025 include optical modules, diesel generators, innovative drugs, and deep-sea technology [2] - The optical module sector is expected to maintain high growth due to increased data transmission rate requirements [29] - The diesel generator market is anticipated to see a rise in both volume and price as AIDC construction accelerates [37] - The innovative drug sector is benefiting from BD transactions and supportive policies, which are expected to enhance growth opportunities [39] - Deep-sea technology is showing high prosperity trends supported by policy initiatives [43] Key Themes - The "anti-involution" policy aims to promote the orderly exit of backward production capacity, facilitating high-quality industry development [3][47] - Deep-sea technology is positioned as a critical pillar of the marine economy, driving economic acceleration [3][54] - The global regulatory framework for stablecoins is rapidly taking shape, providing new opportunities for the internationalization of the renminbi [3][50] Policy Dynamics - The central bank is enhancing financial support for the real economy, with a focus on emerging industries and technology standards [4] - Recent policies emphasize the importance of high-quality development in the marine economy and the establishment of a unified national market [4][59] Industry Trends - The artificial intelligence sector is advancing with initiatives like the global multi-center plan for AI pathology models [5] - The TMT sector is seeing the introduction of the first national 6G industry policy in Beijing [5] - The biopharmaceutical sector is experiencing growth with increased clinical trials and innovations in brain-machine interfaces [5] - The deep-sea economy is being reinforced by the establishment of leadership groups to enhance industry coordination [5] - The high-end manufacturing sector is benefiting from the lifting of EDA export restrictions to China [5]

Core Viewpoint - Multiple listed companies in the Shanghai and Shenzhen markets have released important announcements, highlighting significant developments and performance forecasts that may impact investor decisions [1]. Company Announcements - **Saili Medical**: The therapeutic hypertension vaccine project by its affiliate, Huajiyuan Biotechnology, faces significant uncertainty despite recent market interest in innovative drugs. The company holds a 15.61% stake in Huajiyuan, which reported a revenue of 26,800 yuan and a net loss of 2,382,300 yuan for 2024 [3]. - **Renfu Pharmaceutical**: Shareholder,招商生科, has secured a loan commitment of up to 750 million yuan from招商银行武汉分行 to increase its stake in Renfu Pharmaceutical. The planned share buyback will occur within six months starting from July 3, 2025, with a maximum purchase price of 25.53 yuan per share [4]. - **China Merchants Energy Shipping**: The company has received a new multi-purpose heavy-lift vessel, "Mingshi," as part of its order for four eco-friendly vessels. The fleet now includes 102 operational bulk carriers, with 16 vessels on order for future delivery [5]. - **Shangwei New Materials**: The company announced a significant stock price fluctuation, with a 30% increase over two days. A share transfer agreement was signed, potentially changing the controlling shareholder to Zhiyuan Hengyue, pending shareholder approval [6]. - **Northern Rare Earth**: The trading price for rare earth concentrates has been adjusted to 19,109 yuan per ton for Q3 2025, based on market conditions [7]. - **Baotou Steel**: Similar to Northern Rare Earth, Baotou Steel has proposed an adjustment of the rare earth concentrate trading price to 19,109 yuan per ton for Q3 2025 [9]. - **Shanghai Mechanical & Electrical**: The company received approval from the Shanghai State-owned Assets Supervision and Administration Commission for the transfer of 51.137 million shares from its controlling shareholder, Shanghai Electric, without changing control [10]. Performance Forecasts - **Eyer Communication**: The company expects a net profit of approximately 463 million yuan for the first half of 2025, a year-on-year increase of about 121.13%, driven by growth in the IoT sector [12]. - **Tianbao Infrastructure**: The company forecasts a net profit of 90 million to 130 million yuan for the first half of 2025, representing a year-on-year increase of 1581.8% to 2329.27% due to tax recoveries [13]. - **China Shipbuilding**: The expected net profit for the first half of 2025 is between 2.8 billion and 3.1 billion yuan, reflecting a year-on-year increase of 98.25% to 119.49% due to improved production efficiency and order structure [14]. - **Shanghai Xiba**: The company anticipates a net profit of 99 million to 118 million yuan for the first half of 2025, a year-on-year increase of 136.47% to 181.85%, primarily due to non-recurring income [15]. - **Longyuan Technology**: The expected net profit for the first half of 2025 is between 26 million and 31 million yuan, reflecting a year-on-year increase of 116.61% to 158.26% [16]. - **Zhengbang Technology**: The company forecasts a net profit of 190 million to 210 million yuan for the first half of 2025, marking a return to profitability driven by increased pig sales [17][18]. - **Bolong Technology**: The expected net profit for the first half of 2025 is between 22 million and 28 million yuan, a year-on-year increase of 123.09% to 183.93% due to successful project deliveries [19]. - **Haitou Shares**: The company anticipates a net profit of approximately 380 million yuan for the first half of 2025, a year-on-year increase of about 233.10% due to favorable market conditions [20]. - **Chuangjiang New Materials**: The expected net profit for the first half of 2025 is between 24 million and 29 million yuan, reflecting a year-on-year increase of 42.35% to 72% [21]. - **Hudian Shares**: The company forecasts a net profit of between 1.65 billion and 1.75 billion yuan for the first half of 2025, a year-on-year increase of 44.63% to 53.4% [22]. - **Taiping Bird**: The company expects a net profit of around 77.7 million yuan for the first half of 2025, a decrease of approximately 55% due to declining retail performance [23]. - **China Satellite**: The company anticipates a loss of between 21.2 million and 41.2 million yuan for the first half of 2025, attributed to reduced contract fulfillment and increased operational costs [24]. - **ST Yatai**: The company expects a loss of between 12.6 million and 20.9 million yuan for the first half of 2025, primarily due to cash flow issues and increased non-recurring expenses [25]. Major Contracts - **Bai Da Group**: The company signed a significant leasing contract for the Hangzhou Department Store, with a rental agreement of 375 million yuan per quarter, increasing by 4.5% every three years [26]. Shareholding Changes - **Baoshui Technology**: A major shareholder plans to reduce their stake by up to 1% through market transactions between August 4 and November 3, 2025 [28].

Group 1 - The company expects to achieve a net profit attributable to shareholders of the parent company between 280 million yuan and 310 million yuan for the first half of 2025, representing an increase of 138.765 million yuan to 168.765 million yuan compared to the same period last year, which is a year-on-year increase of 98.25% to 119.49% [1][2] - The expected net profit attributable to shareholders of the parent company, excluding non-recurring gains and losses, is projected to be between 263.5 million yuan and 293.5 million yuan, an increase of 143.67 million yuan to 173.67 million yuan compared to the same period last year, reflecting a year-on-year increase of 119.89% to 144.93% [2] - The company reported a total profit of 153.299 million yuan and a net profit attributable to shareholders of the parent company of 141.235 million yuan for the same period last year [2] Group 2 - The main reasons for the expected increase in performance include a focus on core responsibilities, ensuring production safety, improving production efficiency, and an overall positive development trend in the shipbuilding industry [2] - The company has optimized its order structure and experienced an increase in the prices of civil ship deliveries, along with effective cost control, leading to an increase in operating gross profit [2]