证券时报·数据宝统计，截至今日上午10:29，上证综指3499.95点，收于年线之上，涨跌幅为-0.11%，A 股总成交额为6385.66亿元。到目前为止，今日有27只A股价格突破了年线，其中乖离率较大的个股有琏 升科技、上工申贝、泰晶科技等，乖离率分别为9.37%、7.95%、6.97%；中机认检、木林森、海航控股 等个股乖离率较小，刚刚站上年线。 7月17日突破年线个股乖离率排名 | | 创 | | | | | | | --- | --- | --- | --- | --- | --- | --- | | 000738 | 航发控 | 0.90 | 0.27 | 20.12 | 20.17 | 0.26 | | | 制 | | | | | | | 600487 | 亨通光 | 2.67 | 1.52 | 15.73 | 15.77 | 0.25 | | | 电 | | | | | | | 300161 | 华中数 | 0.94 | 0.76 | 26.83 | 26.89 | 0.21 | | | 控 | | | | | | | 000610 | 西安旅 | 0.40 | 0.94 | 12.61 | 1 ...

Group 1 - The A-share low-altitude economy sector experienced an initial rise, with significant gains observed in specific companies [1] - Shangong Shenbei reached the daily limit with a surge in stock price, indicating strong market interest [1] - Other companies such as Wanfeng Aowei, Jianxin Co., Electric Science Digital, and Luqiao Information also saw increases in their stock prices, reflecting a broader positive trend in the sector [1]

Group 1 - The low-altitude economy is gaining strength, with significant stock price increases observed [1] - Shangong Shenbei (600843) has reached the daily limit up, indicating strong investor interest [1] - Other companies such as Wanfeng Aowei (002085), Jianxin Co. (300107), Electric Science Digital (600850), and Luqiao Information are also experiencing upward trends in their stock prices [1] Group 2 - There is a noticeable influx of dark pool funds into these stocks, suggesting increased trading activity and potential investment interest [1]

证券代码：600843 900924 证券简称：上工申贝 上工 B 股 公告编号：2025-026 上工申贝（集团）股份有限公司 关于现金管理的进展公告 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。 上工申贝（集团）股份有限公司（以下简称"公司"）于 2025 年 4 月 25 日召开的第 十届董事会第十四次会议审议通过了《关于对部分暂时闲置募集资金和自有资金进行现 金管理的议案》，同意公司对暂时闲置的募集资金不超过 5 亿元和自有资金不超过 1 亿 元进行现金管理，投资于安全性高、流动性好的产品。公司监事会及保荐机构已分别对 前述事项发表了同意的意见。上述具体情况详见公司 2025 年 4 月 29 日在上海证券交易 所网站（www.sse.com.cn）等指定媒体披露的《关于对部分暂时闲置募集资金和自有资 金进行现金管理的公告》（公告编号：2025-017）。现将相关进展情况公告如下： 二、暂时闲置募集资金现金管理总体情况 公司使用暂时闲置募集资金购买的产品不存在逾期未收回的情况。截至本公告披露 日，公司使用募集资金购买 ...

Core Viewpoint - The performance of low-altitude economy companies in the first half of 2025 shows mixed results, with 12 companies reporting profits and 12 companies experiencing losses [3][5]. Group 1: Performance Overview - As of July 14, 2025, 24 companies in the low-altitude economy index disclosed their performance forecasts, revealing a split between profitable and loss-making entities [3]. - Among the 24 companies, 12 reported profits while the other 12 faced losses [3]. - Four companies are expected to see profit increases of over 50%: Zongshen Power (001696.SZ), Longxin General (603766.SH), Huijia Times (603101.SH), and Changyuan Donggu (603950.SH) [6]. Group 2: Profit and Loss Analysis - Companies such as Aerospace Development (000547.SZ) and Aerospace Rainbow (002389.SZ) reported losses, with the latter citing delays in delivery due to user demand plans [8]. - Aerospace Power (600893.SH) and Aerospace Electric (002025.SZ) achieved profitability but saw a decline in net profit compared to the previous year [6]. - North Navigation (600435.SH) turned a profit, expecting a net profit of 105 million to 120 million yuan in the first half of 2025 [7]. Group 3: Industry Challenges - Many companies in the low-altitude economy sector, particularly those in the aviation industry and low-altitude mainframe manufacturers, reported losses [5][8]. - The losses were attributed to various factors, including market environment impacts, product transformation challenges, and increased operational costs [9]. - Despite ongoing losses, some companies like Chuan University Zhisheng (002253.SZ) are actively pursuing low-altitude economy projects, indicating a commitment to future growth [9].

Core Viewpoint - The company, Shangong Shenbei Group Co., Ltd., is forecasting a significant loss for the first half of 2025, with expected net profit attributable to shareholders ranging from -63 million to -78 million yuan [2][4]. Group 1: Performance Forecast - The performance forecast period is from January 1, 2025, to June 30, 2025 [3]. - The company anticipates a net profit attributable to shareholders of -63 million to -78 million yuan, a stark contrast to the previous year's profit of 45.94 million yuan [4][6]. - The expected net profit after deducting non-recurring gains and losses is projected to be between -85 million and -100 million yuan [5]. Group 2: Previous Year’s Performance - In the same period last year, the total profit was 69.79 million yuan, with a net profit attributable to shareholders of 45.94 million yuan and a net profit of 21.77 million yuan after deducting non-recurring gains and losses [6]. Group 3: Reasons for Performance Decline - The primary reason for the shift from profit to loss is operational losses in overseas markets, particularly in the European sewing machine business and SG Investment America, Inc. [6]. - Although domestic operations are generally profitable, they are insufficient to cover the losses from overseas operations [6]. - The company’s subsidiary, DA Company, has faced declining orders and increased manufacturing costs due to poor demand in key markets and high energy and raw material prices [6]. - SGIA's aviation manufacturing business is currently in a loss state due to integration and production recovery challenges [6]. - The company has implemented measures such as workforce reduction and cost efficiency improvements in response to these challenges [6]. Group 4: Non-Recurring Gains and Losses - During the performance forecast period, non-recurring gains and losses are expected to decrease by approximately 2 million yuan compared to the previous year, primarily due to reduced gains from the disposal of financial assets and increased gains from equity disposals [8].

[Current Period Performance Forecast](index=1&type=section&id=I.%20Current%20Period%20Performance%20Forecast%20Situation) The company anticipates a shift from profit to loss in H1 2025, with net profit attributable to parent company shareholders expected to be a loss of RMB 63 million to RMB 78 million, and a loss of RMB 85 million to RMB 100 million after deducting non-recurring gains and losses 2025 Semi-Annual Performance Forecast (H1 2025 Forecast) | Metric | Estimated Amount (RMB) | | :--- | :--- | | Net Profit Attributable to Parent Company Shareholders | -RMB 63 million to -RMB 78 million | | Net Profit Attributable to Parent Company Shareholders After Deducting Non-Recurring Gains and Losses | -RMB 85 million to -RMB 100 million | [Prior Period Performance Review](index=1&type=section&id=II.%20Prior%20Period%20Operating%20Performance%20and%20Financial%20Condition) In stark contrast to the 2025 forecast, the company achieved profitability in the same period of 2024, with net profit attributable to parent company shareholders at RMB 45.9445 million, and RMB 21.7704 million after deducting non-recurring gains and losses, resulting in earnings per share of RMB 0.0648 2024 Semi-Annual Performance (H1 2024 Actual) | Metric | Amount (RMB) | | :--- | :--- | | Net Profit Attributable to Parent Company Shareholders | RMB 45.9445 million | | Net Profit Attributable to Parent Company Shareholders After Deducting Non-Recurring Gains and Losses | RMB 21.7704 million | | Earnings Per Share | RMB 0.0648 | [Analysis of Performance Pre-Loss Reasons](index=1&type=section&id=III.%20Main%20Reasons%20for%20Current%20Period%20Performance%20Pre-Loss) The core reason for the shift from profit to loss is poor overseas business operations, particularly losses in European sewing machine and US general aviation businesses, with domestic profits insufficient to offset foreign losses, alongside a year-over-year decrease in non-recurring gains and losses [Impact of Core Business Operations](index=1&type=section&id=%28I%29%20Impact%20of%20Core%20Business%20Operations) Core business losses stem from two overseas subsidiaries: Germany's DA company due to reduced orders and declining gross margins from weak European automotive and leather markets and high costs, and US SGIA company's ongoing losses from business integration and production recovery investments, with the company implementing cost-reduction measures in Europe - European subsidiary (DA company) experienced a sharp decline in high-margin product orders since H2 2024, leading to insufficient capacity utilization and significant gross margin reduction, due to weak demand in downstream markets (automotive manufacturing, leather processing) and high energy and raw material prices[6](index=6&type=chunk) - US subsidiary (SGIA company)'s general aviation business remains in a period of integration and production recovery, coupled with investments supporting domestic base construction, resulting in an operating loss for this business[6](index=6&type=chunk) - The company has implemented workforce reduction, integration, and cost-efficiency measures in its European operations, with related expenses impacting current period earnings[6](index=6&type=chunk) [Impact of Non-Operating Gains and Losses](index=2&type=section&id=%28II%29%20Impact%20of%20Non-Operating%20Gains%20and%20Losses) Non-recurring gains and losses for the current period decreased by approximately RMB 2 million year-over-year, primarily due to a reduction in gains from the disposal of financial assets held for trading, partially offset by an increase in equity disposal gains - Non-recurring gains and losses decreased by approximately **RMB 2 million** compared to the same period last year, primarily due to a combination of reduced gains from the disposal of financial assets held for trading and increased gains from equity disposal[6](index=6&type=chunk) [Risk Warning](index=2&type=section&id=IV.%20Risk%20Warning) The company explicitly states that this performance forecast is a preliminary financial department calculation, unaudited by a certified public accountant, with no significant uncertainties currently identified that would affect its accuracy - This performance forecast represents the company's financial department's preliminary calculation and has not been audited[7](index=7&type=chunk) [Other Explanations](index=2&type=section&id=V.%20Other%20Explanations) The company advises investors that the final accurate financial data will be based on the officially disclosed 2025 semi-annual report, urging investors to be mindful of investment risks - Final financial data will be subject to the company's officially disclosed 2025 semi-annual report, and investors are reminded to be aware of investment risks[8](index=8&type=chunk)

Core Viewpoint - The ambitious acquisition plan led by Zhu Shihui has failed, impacting the financial health of his companies within the "Xian Dao" system, which includes Guangzhi Technology, Wanye Enterprises, and Shangong Shenbei [2][12][13]. Group 1: Company Overview - Zhu Shihui, known as the "King of Rare Metals," has built a significant business empire over 30 years, focusing on breaking international monopolies in the rare metals industry [4][7]. - The "Xian Dao" system comprises Guangzhi Technology, Wanye Enterprises, and Shangong Shenbei, which are all facing financial difficulties and require urgent assistance [11][12]. Group 2: Financial Performance - Guangzhi Technology has reported continuous losses over the past four years, with a total loss of 4.35 billion yuan, despite a revenue increase from 7.24 billion yuan in 2021 to 14.55 billion yuan in 2024 [14]. - Wanye Enterprises has seen a decline in revenue and net profit, with 2023 and 2024 revenues of 9.65 billion yuan and 5.81 billion yuan, respectively, marking a decrease of 16.67% and 39.72% [15]. - Shangong Shenbei, although not directly controlled by Zhu, has also faced losses, reporting a loss of 2.44 billion yuan in 2024 and a further loss of 2505.55 million yuan in the first quarter of the current year [15]. Group 3: Market Reactions and Future Prospects - The market had high expectations for the failed merger between Guangzhi Technology and Xian Dao Technology, which had previously led to a significant increase in Guangzhi's stock price [13]. - The termination of the asset restructuring plan has put additional pressure on the financial stability of the "Xian Dao" system, raising questions about Zhu Shihui's next steps to resolve these challenges [16].

Core Viewpoint - The legal opinion confirms that the 2024 annual general meeting of shareholders for Shangong Shenbei (Group) Co., Ltd. was convened and conducted in compliance with relevant laws and regulations, ensuring the legitimacy of the meeting and its outcomes [1][4][12]. Group 1: Meeting Procedures - The board of directors convened the 14th meeting on April 25, 2025, to approve the notice for the 2024 annual general meeting, which was subsequently announced on June 6, 2025 [2][3]. - The meeting was held on June 26, 2025, at 13:30 in Shanghai, combining both on-site and online voting methods [3][4]. Group 2: Attendance and Qualifications - A total of 868 participants attended the meeting, holding 112,346,605 voting shares, which accounted for 15.9999% of the total shares, after excluding repurchased shares [4][5]. - The meeting was convened by the board of directors, and the qualifications of attendees were verified as legitimate [5][6]. Group 3: Voting Procedures and Results - All agenda items were voted on without any postponements, with both on-site and online votes counted [6][12]. - The voting results for key resolutions included: - Approval of the 2024 Board of Directors' Work Report with 111,137,695 votes in favor [6][7]. - Approval of the 2024 Supervisory Board's Work Report with 111,167,095 votes in favor [7][8]. - Approval of the 2024 Annual Financial Report and 2025 Budget with 111,157,795 votes in favor [8][9]. - Approval of the 2024 Profit Distribution Plan with 111,133,695 votes in favor [9][10]. - Approval of the 2025 Comprehensive Bank Credit Proposal with 111,209,695 votes in favor [10][11]. - Approval of the 2024 Audit Fees and Appointment of the 2025 Auditor with 111,119,495 votes in favor [11][12]. Group 4: Conclusion - The legal opinion concludes that the meeting's procedures, attendance qualifications, and voting results were all conducted in accordance with applicable laws and regulations, affirming the validity of the meeting [12].

北京市天元律师事务所上海分所 关于上工申贝（集团）股份有限公司 的结论性意见合法、准确，不存在虚假记载、误导性陈述或者重大遗漏，并承担相 应法律责任。 本所及经办律师同意将本法律意见作为本次股东大会公告的法定文件，随同其 他公告文件一并提交上海证券交易所（以下简称"上交所"）予以审核公告，并依 法对出具的法律意见承担责任。 本所律师按照律师行业公认的业务标准、道德规范和勤勉尽责精神，对公司提 供的文件和有关事实进行了核查和验证，现出具法律意见如下： 2024 年年度股东大会的法律意见 京天股字（2025）第 429 号 致：上工申贝（集团）股份有限公司 上工申贝（集团）股份有限公司（以下简称"公司"）2024 年年度股东大 会（以下简称"本次股东大会"）采取现场投票与网络投票相结合的方式，现场 会议于 2025 年 6 月 26 日在上海市宝山区市台路 263 号申丝大厦 4 楼大会议室召 开。北京市天元律师事务所上海分所（以下简称"本所"）接受公司聘任，指派 本所律师参加本次股东大会现场会议，并根据《中华人民共和国公司法》《中华 人民共和国证券法》（以下简称"《证券法》"）、《上市公司股东会规则》（以 下简 ...