天津津智国有资本投资运营有限公司 关于天津百利特精电气股份有限公司 股票交易异常波动的回函 经我公司自查，截至目前，不存在筹划对你公司股价产生较大影 响的应披露而未披露的重大事项，包括但不限于筹划涉及你公司的重 大资产重组、股份发行、重大交易类事项、业务重组、股份回购、股 权激励、破产重整、重大业务合作、引进战略投资者等重大事项。在 你公司股价异常波动期间，我公司及一致行动人不存在买卖你公司股 票的情况。 特此回函。 天津津智国有资本投资运营有限公司 二〇二五年六月三日 天津百利特精电气股份有限公司： 你公司《关于股票交易异常波动的询证函》收悉。现就你公司来 函征询事项回函如下： ...

Group 1 - The company, Baili Electric (600468), has issued a notice regarding unusual stock trading fluctuations, highlighting the "controlled nuclear fusion" concept [1] - The company's subsidiary, Liaoning Rongxin Xingye Electric Power Technology Co., Ltd. (referred to as "Rongxin Xingye"), is involved in the design and manufacturing of reactive power compensation and filtering (RPC&HF) equipment for the International Thermonuclear Experimental Reactor (ITER) project [1] - The revenue from the related business is currently minimal, accounting for less than 1% of the company's total revenue in 2024, and will not have a significant impact on the company's performance [1]

具体来看，今日上榜的营业部中，共有1家机构专用席位现身，即买五，合计净买入2156.77万元，沪股 通为第二大买入营业部及第一大卖出营业部，买入金额为5364.57万元，卖出金额为2889.62万元，合计 净买入2474.95万元。 近半年该股累计上榜龙虎榜6次，上榜次日股价平均涨2.37%，上榜后5日平均涨6.37%。 资金流向方面，今日该股主力资金净流入3.36亿元，其中，特大单净流入3.39亿元，大单资金净流出 338.92万元。近5日主力资金净流入3.44亿元。 百利电气(600468)今日涨停，全天换手率19.67%，成交额13.49亿元，振幅21.91%。龙虎榜数据显示， 机构净买入2156.77万元，沪股通净买入2474.95万元，营业部席位合计净买入9172.25万元。 4月28日公司发布的一季报数据显示，一季度公司共实现营业收入4.95亿元，同比下降2.14%，实现净利 润3197.59万元，同比下降8.05%。（数据宝） 上交所公开信息显示，当日该股因日振幅值达21.91%、日涨幅偏离值达10.52%上榜，机构专用席位净 买入2156.77万元，沪股通净买入2474.95万元。 百利电气5 ...

Market Overview - The market experienced a day of adjustment with the ChiNext index leading the decline, closing down 0.96%, while the Shanghai Composite Index fell by 0.47% and the Shenzhen Component Index decreased by 0.85% [1][3] - Over 4,100 stocks in the market declined, with total trading volume in the Shanghai and Shenzhen markets at 1.14 trillion yuan, a decrease of 46.2 billion yuan from the previous trading day [1] Sector Performance - Defensive sectors such as pig farming, innovative pharmaceuticals, banks, and CROs showed gains, while sectors like gold, glyphosate, controllable nuclear fusion, humanoid robots, environmental protection equipment, and consumer electronics faced declines [1][6] - The pig farming sector saw a boost due to news that the industry would not increase the number of breeding sows and would control the weight of fattening pigs to around 120 kg, which was confirmed by several pig farming companies [7] Investment Insights - The agricultural sector is viewed as a stable investment option due to its essential consumer goods nature and strong policy support, with expectations for continued performance from leading companies in the sector [9] - The pharmaceutical sector is experiencing a revival, supported by the recent approval of 11 new drugs by the National Medical Products Administration, covering various treatment areas including oncology and autoimmune diseases [9] - The military equipment sector is gaining attention due to policies supporting low-altitude economy development, with predictions of significant market growth in drone logistics [10] ETF Performance - Various ETFs related to agriculture, livestock, banking, and military equipment showed positive performance, indicating investor interest in these sectors [11] Market Sentiment - The market is expected to continue its oscillation, with a focus on policy developments and potential new investment opportunities as liquidity remains supportive [14]

Core Viewpoint - The concept of controllable nuclear fusion is gaining significant attention in the market, with Bai Li Electric (600468) experiencing a strong surge, hitting the daily limit and driving the entire sector upward [1] Industry Overview - The surge in controllable nuclear fusion stocks has led to a noticeable increase in related sectors, with multiple stocks in the sector rising, including Ha Han Hua Tong with a 20% increase and Rong Fa Nuclear Power also hitting the limit [1] - The upstream materials sector is poised for opportunities, particularly in superconducting materials, as the era of large-scale application of high-temperature superconducting tape materials like REBCO begins, which can provide stronger magnetic fields for nuclear fusion reactions [1] - Tungsten and tungsten-based alloys are identified as ideal first-wall materials due to their high melting points and thermal conductivity, with China holding the world's largest tungsten resource reserves, potentially leading to growth in this industry [1] Midstream Equipment Manufacturing - The midstream equipment manufacturing sector is a direct beneficiary, with superconducting magnets being core components of the devices, where high-temperature superconducting magnets can significantly enhance magnetic field strength, accounting for 40%-50% of total investment costs [1] - The first wall, located at the innermost part of the fusion device, plays a crucial role in protecting device components, indicating potential growth for related manufacturing sectors [1] - The偏滤器, typically located at the top and bottom of the vacuum chamber, controls the interaction between plasma and the chamber walls, reducing thermal load and particle bombardment, benefiting related manufacturing enterprises as the industry develops [1] Downstream Applications - The power generation sector is expected to be the first to benefit, as nuclear fusion's thermal energy can be converted into electricity through nuclear power plants, providing a large amount of clean and sustainable energy [1] - The medical field may also see growth through the use of isotopes produced by nuclear fusion for diagnostic and therapeutic purposes, contingent on technological maturity [1] Market Outlook - The construction of the "Kua Fu" project, the world's first domestically designed and built key system for fusion reactor mainframe, is entering a critical phase, alongside the early launch of domestic compact fusion energy experimental device engineering, indicating a faster transition from laboratory to engineering [1] - With dual support from policy and technology, the market prospects for this field are broad, likely attracting more capital into the related industry chain, and the activity of related concept stocks is expected to continue to rise [1]

Group 1 - The A-share market for controllable nuclear fusion concept stocks experienced a decline at the beginning of trading, with Prince New Materials dropping nearly 10% [1] - Jiusheng Electric fell over 7%, indicating a significant downturn in investor sentiment towards these stocks [1] - Other companies such as Rongfa Nuclear Power, Baili Electric, and Xue Ren shares also reported notable declines, contributing to the overall negative trend in the sector [1]

Group 1 - The concept of controllable nuclear fusion is undergoing initial adjustments, leading to a significant drop in stock prices for related companies [1] - Wangzi New Materials (002735) hit the daily limit down, indicating strong market reaction [1] - Other companies in the sector, such as Jiusheng Electric (301082), Rongfa Nuclear Power (002366), Xue Ren Co. (002639), and Baile Electric (600468), also experienced declines [1]

证券时报·数据宝统计显示，上榜的前五大买卖营业部合计成交2.24亿元，其中，买入成交额为9438.72 万元，卖出成交额为1.29亿元，合计净卖出3493.37万元。 具体来看，今日上榜的营业部中，沪股通为第二大买入营业部及第一大卖出营业部，买入金额为 2063.08万元，卖出金额为4849.14万元，合计净卖出2786.06万元。 百利电气(600468)今日涨停，全天换手率20.00%，成交额13.50亿元，振幅10.08%。龙虎榜数据显示， 沪股通净卖出2786.06万元，营业部席位合计净卖出707.32万元。 上交所公开信息显示，当日该股因日涨幅偏离值达10.27%上榜，沪股通净卖出2786.06万元。 近半年该股累计上榜龙虎榜5次，上榜次日股价平均涨3.23%，上榜后5日平均涨7.03%。 资金流向方面，今日该股主力资金净流出187.09万元，其中，特大单净流入5779.84万元，大单资金净流 出5966.93万元。近5日主力资金净流出1.02亿元。 4月28日公司发布的一季报数据显示，一季度公司共实现营业收入4.95亿元，同比下降2.14%，实现净利 润3197.59万元，同比下降8.05%。（数 ...

Market Overview - On May 27, the Shanghai Composite Index fell by 0.18%, the Shenzhen Component Index decreased by 0.61%, and the ChiNext Index dropped by 0.68% [1] - A total of 43 stocks appeared on the daily trading list, with the highest net inflow of funds into Qingdao Kingking (002094.SZ), amounting to 177 million yuan [1] Stock Performance - Qingdao Kingking saw a net buying of 177 million yuan, accounting for 8.81% of the total trading volume, and closed up by 10.02% with a turnover rate of 33.79% [1] - The stock with the highest net outflow was Xue Ren Co., Ltd. (002639.SZ), which experienced a net selling of 101 million yuan, representing 2.75% of the total trading volume, and closed up by 1.88% with a turnover rate of 53.93% [2][4] Institutional Activity - On May 27, institutions were involved in 27 stocks, with a total net selling of 182 million yuan. Specifically, institutions net bought 10 stocks and net sold 17 stocks [4] - The stock with the highest net buying by institutions was Xinghui Co., Ltd. (300464.SZ), which closed up by 19.96% with a turnover rate of 24.37% [5][6] Northbound Capital Flow - Northbound capital participated in 8 stocks on the trading list, with a total net selling of 3.66 million yuan. The Shanghai Stock Connect saw a net selling of 58.4 million yuan, while the Shenzhen Stock Connect had a net buying of 54.7 million yuan [9] - The stock with the highest net buying from northbound capital was Greebo (301260.SZ), with a net inflow of 27.1 million yuan, accounting for 3.02% of the total trading volume [9] Divergence in Institutional and Northbound Capital - Notable divergences were observed between institutional and northbound capital in several stocks, including Greebo, Fenghuo Electronics, Nuobing, and Jinlongyu, where institutions sold while northbound capital bought [11][12]

股票简称：百利电气 股票代码：600468 公告编号：2025-022 天津百利特精电气股份有限公司 股票交易异常波动公告 特别提示 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、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法律责任。 重要内容提示： 天津百利特精电气股份有限公司（以下简称"公司"）股票于 2025 年 5 月 26 日、5 月 27 日连续 2 个交易日内日收盘价格涨幅偏离 值累计达到 20%。根据《上海证券交易所交易规则》的相关规定，属 于股票交易异常波动情况。 经公司自查并书面向控股股东、间接控制人核实，截至本公告 披露之日，确认不存在应披露而未披露的重要信息或重大事项。敬请 广大投资者注意投资风险，理性决策，审慎投资。 公司关注到"可控核聚变"热点概念。经自查，公司控股子公 司辽宁荣信兴业电力技术有限公司（以下简称"荣信兴业公司"）仅 参与了国际热核聚变试验堆（ITER）项目电力系统中无功补偿以及滤 波（RPC&HF）设备的设计制造，起到控制电能质量、减少电力损耗的 作用。目前相关业务收入金额较小，2024 年度相关业务收入占公司 整体收入比重不足 1%， ...