Core Viewpoint - The report from Guolian Minsheng Securities emphasizes the significant potential in deep-sea economic development and marine resource exploitation, driven by national policies and financial support, particularly highlighting China National Offshore Oil Corporation (CNOOC) and the marine oil and gas service industry as key areas of investment focus [1] Group 1: Deep-Sea Energy Development - CNOOC is identified as the largest offshore oil and gas operator in China, with a comprehensive industry chain covering exploration, engineering, equipment operation, and oilfield services [1] - The South China Sea is noted for its rich oil and gas resources, with many underwater mineral resources still undeveloped, making deep-water exploration a global focus [1] Group 2: Demand for High-Performance Materials - There is a growing rigid demand for high-performance and specialized chemical materials that can withstand extreme marine environments, which is crucial for modern marine economic development [2] - The marine new materials market is expanding due to the implementation of the "Marine Power" strategy and the rapid development of the blue economy, impacting various sectors such as exploration, shipping, and port construction [2] Group 3: Corrosion Challenges in Marine Engineering - The construction costs of marine engineering equipment increase exponentially with water depth and offshore distance, leading to higher maintenance and operational costs compared to land facilities [3] - The need for advanced anti-corrosion technologies is critical, as any failure in coating performance can result in significant economic losses [3] - New anti-corrosion coatings, such as graphene-based solutions, are expected to meet or exceed stringent performance standards, representing a potential future direction for the industry [3] Group 4: Sealing Materials Demand - Sealing components are essential for the stable and efficient operation of machinery, preventing leaks and external contamination, which is particularly challenging in marine environments [4] - The global market for marine sealing materials is anticipated to benefit from increased demand driven by the marine economy and the rising application ratio of sealing materials [4] - There is a growing emphasis on environmentally friendly sealing materials, which is expected to drive the development of new sealing solutions [4]

国联民生证券主要观点如下： 供给约束逻辑支撑铝价上行，氧化铝或将受益于"反内卷" 国内电解铝产能接近天花板，未来新增产能或有限;电网、新能源汽车等支撑需求端韧性，电解铝供需 缺口有望逐渐显现，驱动铝价中枢上移。氧化铝短期来看，供给过剩背景下，价格或围绕成本线波 动;Q3几内亚进入雨季，铝土矿发运量或将下降，支撑其价格趋稳，氧化铝价格亦有望维持震荡。2025 年7月29日，中国有色金属工业协会表示"将从严控制氧化铝新增产能"。中长期来看，"反内卷"政策持 续加码，氧化铝新增产能投产节奏或有望放缓，从而改善产能过剩格局。 铝产业链一体化龙头，2025H1净利润同比高增 国联民生证券发布研报称，预计中国宏桥(01378)2025-2027年归母净利润分别为227.59/261.69/289.69亿 元，分别同比增长1.73%/14.98%/10.70%，EPS分别为2.40/2.76/3.05元/股，维持"买入"评级。中长期来 看，"反内卷"政策持续加码，氧化铝新增产能投产节奏或有望放缓，从而改善产能过剩格局。公司发布 正面盈利预告，2025H1预计实现归母净利润约123.59亿元，同比增长35%左右。 根据公司发 ...

智通财经APP获悉，国联民生证券发布研报称，预计中国宏桥(01378)2025-2027年归母净利润分别为 227.59/261.69/289.69亿元，分别同比增长1.73%/14.98%/10.70%，EPS分别为2.40/2.76/3.05元/股，维 持"买入"评级。中长期来看，"反内卷"政策持续加码，氧化铝新增产能投产节奏或有望放缓，从而改善 产能过剩格局。公司发布正面盈利预告，2025H1预计实现归母净利润约123.59亿元，同比增长35%左 右。 电解铝权益产能增加，成长性与稀缺性兼备 截至2025年3月末，公司具备电解铝总产能645.9万吨。2025年2月，公司关联公司山东轻金回购/受让公 司股东建信金融资产持有的山东宏桥1.44%少数股东权益，并完成工商信息股东变更登记。2019年11 月，公司以云南宏泰为主体建设在云南的203万吨绿色铝产能，公司通过子公司云南宏桥(公司持股比例 95.29%)持有云南宏泰75%股权;2025年7月，云南宏桥持有云南宏泰的股权比例由75%变更为100%，公 司在云南的电解铝权益产能增加48.36万吨至193.44万吨。 国联民生证券主要观点如下： 供给约束逻辑 ...

增持后，易方达基金管理有限公司最新持股数目为3983.8万股，持股比例由8.32%上升至9.00%。 | 股份代號: | 01456 | | --- | --- | | 上市法國名稱: | 國聯民生證券股份有限公司 - H股 | | 日期 (日 / 月 / 年): | 05/07/2025 - 05/08/2025 | 格隆汇8月5日丨根据联交所最新权益披露资料显示，2025年7月29日，国联民生(01456.HK)获易方达基金管理有限公司在场内以每股均价6.3028港元增持 301.85万股，涉资约1902.5万港元。 | 表格序號 | 大股東/董事/最高行政人員名稱作出披露的 買入 / 費出或涉及的 每股的平均價 | | | | | 持有權益的股份數目 佔已發行的 有關事件的日期 | | | --- | --- | --- | --- | --- | --- | --- | --- | | | | 南大 | 股份數目 | | | ( 請参関上述 * 註 | | | | | | | | | 份百分比 | | | | | | | | | ( 96 ) | | | CS20250801E00383 | 易方达基 ...

近日，国联民生（601456）证券正式发布"无锡精选指数"，通过这一指数，将为市场提供精准捕捉无锡区域优质资产的工具，推动资本更高效地流向实体经 济，深度赋能区域发展。 "无锡精选指数"植根于坚实的产业土壤，基于多因子投资策略，以无锡124家A 股上市公司为基础池，从盈利能力、成长潜力、行业地位等多维度筛选，每 期精选30家代表性企业。 从表现来看，该指数以2014年12月31日为基日，采用流通市值加权结合组合优化的权重调整机制。截至2025年7月28日，其年化收益率达13.67%，年化超额 收益率11.99%，彰显出优异的投资价值与收益稳定性。行业覆盖上，指数聚焦无锡优势制造业，涵盖基础化工、电力设备、环保、汽车等11个申万一级行 业，既保持多元化布局的均衡，又形成集中配置优势。其中，科创板与北交所企业占比突出，成分股呈现"高动量、高价值、低波动"特征，企业市值 在"小、中、大"三档均衡分布，避免单一规模依赖。此外，指数每月更新，年均双边换手率632.48%，能及时反映企业经营与市场动态。 "无锡精选指数"的发布，是国联民生研究所服务实体和区域发展的集中体现。未来，通过不断优化"无锡精选指数"，将挖掘更多优 ...

Group 1 - E Fund Management Co., Ltd. increased its stake in Guolian Minsheng (601456) by 3.0185 million shares at a price of HKD 6.3028 per share, totaling approximately HKD 19.025 million [1] - After the increase, E Fund's total shareholding in Guolian Minsheng reached 39.838 million shares, representing a 9% ownership stake [1]

智通财经APP获悉，香港联交所最新数据显示，7月29日，易方达基金管理有限公司增持国联民生 (01456)301.85万股，每股作价6.3028港元，总金额约为1902.5万港元。增持后最新持股数目为3983.8万 股，持股比例为9%。 ...

智通财经APP获悉，国联民生证券发布研报称，维持AI眼镜"强于大市"评级。消费行情结构性分化的市 场环境下，建议聚焦高成长性赛道：1)关注情绪价值驱动的新消费领域，如国潮文化、悦己型消费及科 技赋能场景(智能穿戴等AI+应用)，受益于Z世代需求迭代和供给创新，渗透率提升空间明确;2)优秀传 统公司主动思变：部分传统厂商顺应高景气度趋势，复用渠道和供应链优势，有望实现新业务高速增 长。建议关注轻工光学镜片制造及渠道商在AI眼镜产业相关布局。 国联民生证券主要观点如下： 事件：小米发布新款AI智能眼镜 2025年6月26日，小米正式发布新款AI拍摄智能眼镜，此款眼镜采用骁龙AR1+恒玄BES2700双芯片架 构，音频播放等低功耗场景下恒玄芯片有利于优化眼镜续航，叠加自主研发的金沙江电池，相较于 Meta Ray-Ban不仅重量更轻(不含镜片40g)，电池容量也提升了近一倍，续航更为持久。此外，此次新 品发布还增加了电致变色款式和相机协同能力，可实现镜片颜色的受控调节、秒切第一人称视角。开售 12小时后京东销量便已突破1万台，2025年"百镜大战"时代再添一员大将。 AI/AR智能眼镜当前技术路径探讨 为解决重量、 ...

国联民生（601456）证券研报认为，中国宏桥作为铝产业链的全球龙头，兼具周期、成长和红利属性。 国内电解铝产能天花板和下游(电网、新能源汽车)需求韧性将驱动铝价中枢上移，电解铝供需缺口预计 将显现。短期内氧化铝价格将围绕成本波动，几内亚雨季可能影响铝土矿发运，支撑氧化铝价格震荡。 中长期，"反内卷"政策将放缓氧化铝新增产能，改善过剩格局。 受益于铝价上行周期和公司成本优势，中国宏桥盈利和分红持续增长。预计2025年股息率为8.0%，当 前股价对应市盈率8.5倍，具有吸引力。预计公司2025—2027年归母净利润分别为227.59/261.69/289.69 亿元，维持"买入"评级。 ...

Core Viewpoint - The article highlights the active cash dividend distribution by listed companies in the 2024 fiscal year, with a total of 3,679 companies proposing distribution plans, reflecting a strong emphasis on cash dividends encouraged by regulatory bodies [1] Summary by Relevant Sections Dividend Distribution Overview - A total of 3,679 companies have proposed distribution plans for the 2024 fiscal year, with 3,674 of these including cash dividends, amounting to a total cash payout of 1.64 trillion yuan [1] - There are 347 companies that have included stock transfers in their distribution plans for 2024 [1] Important Dates for Investors - Investors should pay attention to two key dates during the dividend distribution season: the ex-dividend date and the record date [1] - As of now, 3,548 companies have implemented their distribution plans, and the focus will be on whether these companies can achieve a "filling rights" market trend [1] Companies with Upcoming Dividend Payments - Six companies have their record date today, with four of them offering cash dividends of 1 yuan (after tax) or more per 10 shares [1] - The company with the highest cash payout is Baihe Co., Ltd., offering 7.50 yuan per 10 shares, followed by Yinlefen and Shandong Expressway, with payouts of 5.00 yuan and 4.20 yuan respectively [1] Upcoming Dividend Payment Details | Stock Code | Stock Name | Cash Dividend per 10 Shares (yuan) | Stock Transfer per 10 Shares | Latest Closing Price (yuan) | 5-Day Price Change (%) | | --- | --- | --- | --- | --- | --- | | 002832 | Yinlefen | 5.000 | - | 16.30 | -1.63 | | 600350 | Shandong Expressway | 4.200 | - | 10.08 | -2.04 | | 300457 | Yinghe Technology | 1.170 | - | 20.46 | -2.48 | | 603102 | Baihe Co., Ltd. | 7.500 | - | 42.85 | -3.73 | | 601456 | Guolian Minsheng | 0.560 | - | 11.12 | -3.89 | | 600638 | Xinhuangpu | 0.370 | - | 5.87 | -4.08 | [1]