Summary of Key Points Core Viewpoint - The stock market saw significant activity with 21 stocks having sealed orders exceeding 100 million yuan, indicating strong investor interest and potential bullish trends in certain sectors [2]. Group 1: Stock Performance - The top stock by sealed order funds was Shangwei New Materials, with 856 million yuan, followed by Huitong Group and Jingyuntong with 580 million yuan and 401 million yuan respectively [2]. - Shangwei New Materials achieved a four-day consecutive limit-up due to equity changes involving its controlling shareholder, SWANCOR Samoa, which will be replaced by Zhiyuan Hengyue [2][3]. - Jingyuntong also recorded a three-day consecutive limit-up, despite forecasting a net loss of 165 million to 225 million yuan for the first half of 2025 [3]. Group 2: Industry Insights - In the robotics sector, stocks such as Changrong Co., Shangwei New Materials, and Huahong Technology showed strong performance, with Changrong Co. having technology reserves in robot control [5]. - The power sector saw stocks like Jiantou Energy and Jingyuntong performing well, with Jiantou Energy focusing on enhancing operational efficiency in traditional power generation while expanding into renewable energy [6]. - In the nuclear power sector, companies like Degute and China Nuclear Technology are involved in critical components for nuclear power plants, indicating ongoing investment in this area [7][8]. Group 3: Market Activity - The top net buying stocks on the Dragon and Tiger list included Degute and Laimei Pharmaceutical, with net purchases exceeding 70 million yuan for several stocks [9]. - Institutional buying was notable in stocks like Xiangyang Bearing and San Chuan Wisdom, with net purchases of 111 million yuan and 75 million yuan respectively [10].

证券代码：601908 证券简称：京运通 公告编号：临 2025-039 北京京运通科技股份有限公司 股票交易风险提示公告 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。 重要内容提示： 北京京运通科技股份有限公司（以下简称"公司"）股票于 2025 年 7 月 10 日、7 月 11 日连续两个交易日内日收盘价格涨幅偏离值累计达 20%，根据《上 海证券交易所交易规则》等有关规定，属于股票交易异常波动的情形。公司已 于 2025 年 7 月 12 日披露了《股票交易异常波动公告》（公告编号：临 2025-037）。 2025 年 7 月 14 日，公司股票再次涨停，公司股票价格连续 3 个交易日 累计涨幅约 33%。鉴于公司股票价格短期涨幅较大，敬请广大投资者注意二级 市场交易风险。 2024 年度公司实现营业收入约 45.91 亿元，同比减少 56.28%，实现归属 于上市公司股东的净利润约-23.61 亿元，基本每股收益-0.98 元/股。2025 年第一 季度公司实现营业收入约 6.83 亿元，同比减少 53.50%， ...

证券代码：601908 证券简称：京运通 公告编号：临 2025-038 北京京运通科技股份有限公司 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。 算，预计公司 2025 年半年度实现归属于母公司所有者的净利润-16,500.00 万元 （人民币，下同）到-22,500.00 万元。 ? 预计公司 2025 年半年度实现归属于母公司所有者的扣除非经常性损益 后的净利润-17,500.00 万元到-23,000.00 万元。 一、本期业绩预告情况 （一）业绩预告期间 重要内容提示： ? 本期业绩预告适用于"净利润为负值"的情形。 ? 经北京京运通科技股份有限公司（以下简称"公司"）财务部门初步测 （二）业绩预告情况 经公司财务部门初步测算，预计公司 2025 年半年度实现归属于母公司所有 者的净利润-16,500.00 万元到-22,500.00 万元。 预计公司 2025 年半年度实现归属于母公司所有者的扣除非经常性损益后的 净利润-17,500.00 万元到-23,000.00 万元。 三、本期业绩预亏的主要原因 报告期内 ...

Beijing Jingyuntong Technology Co., Ltd. 2025 Semi-Annual Performance Forecast [Current Period Performance Forecast (2025 Semi-Annual)](index=1&type=section&id=%E4%B8%80%E3%80%81%E6%9C%AC%E6%9C%9F%E4%B8%9A%E7%BB%A9%E9%A2%84%E5%91%8A%E6%83%85%E5%86%B5) The company forecasts a net loss for H1 2025, with attributable net profit ranging from **-165 million CNY to -225 million CNY** 2025 Semi-Annual Performance Forecast (Unaudited) | Project | Estimated Amount (Million CNY) | | :--- | :--- | | Net Profit Attributable to Parent Company Shareholders | -165.00 to -225.00 | | Net Profit Attributable to Parent Company Shareholders After Non-Recurring Items | -175.00 to -230.00 | - The performance forecast data for this period is unaudited by a certified public accountant[4](index=4&type=chunk) [Prior Period Operating Performance (2024 Semi-Annual)](index=1&type=section&id=%E4%BA%8C%E3%80%81%E4%B8%8A%E5%B9%B4%E5%90%8C%E6%9C%9F%E7%BB%8F%E8%90%A5%E4%B8%9A%E7%BB%A9%E5%92%8C%E8%B4%A2%E5%8A%A1%E7%8A%B6%E5%86%B5) H1 2024 recorded a significant loss, with attributable net profit of **-1.085 billion CNY**, showing a notable reduction in the H1 2025 projected loss 2024 Semi-Annual Performance Review | Project | Amount (Million CNY) | | :--- | :--- | | Net Profit Attributable to Parent Company Shareholders | -1,084.78 | | Net Profit Attributable to Parent Company Shareholders After Non-Recurring Items | -1,142.30 | | Earnings Per Share (CNY) | -0.45 | [Key Reasons for Performance Change in Current Period](index=1&type=section&id=%E4%B8%89%E3%80%81%E6%9C%AC%E6%9C%9F%E4%B8%9A%E7%BB%A9%E9%A2%84%E4%BA%8F%E7%9A%84%E4%B8%BB%E8%A6%81%E5%8E%9F%E5%9B%A0) Despite operational improvements, H1 2025 net profit remains negative due to investment losses from an associate photovoltaic enterprise and ongoing silicon wafer business losses - Despite the projected loss, the company's overall operating performance significantly improved year-over-year, primarily due to proactive cost reduction, efficiency enhancement measures, optimized capacity utilization, and accelerated inventory turnover[7](index=7&type=chunk) - Key negative factors contributing to the loss include: 1) Operating losses from an associate enterprise in the photovoltaic industry due to cyclical impacts, leading to recognized investment losses; 2) Continued negative profitability in the company's silicon wafer segment of the new materials business due to market fluctuations[7](index=7&type=chunk) [Risk Warning](index=2&type=section&id=%E5%9B%9B%E3%80%81%E9%A3%8E%E9%99%A9%E6%8F%90%E7%A4%BA) The company states there are currently no significant uncertainties that could impact the accuracy of this performance forecast - The company currently has no significant uncertainties affecting the accuracy of this performance forecast[8](index=8&type=chunk) [Other Explanatory Notes](index=2&type=section&id=%E4%BA%94%E3%80%81%E5%85%B6%E4%BB%96%E8%AF%B4%E6%98%8E%E4%BA%8B%E9%A1%B9) This forecast uses preliminary data; final figures will be in the 2025 semi-annual report, advising investors to note investment risks - The forecast data provided is preliminary, and the precise financial figures will be subject to the company's officially disclosed 2025 semi-annual report[9](index=9&type=chunk)

Core Viewpoint - 京运通 (601908) is expected to report a significant net loss for the first half of 2025, primarily due to adverse impacts from the photovoltaic industry cycle and losses from its equity investments [1] Financial Performance - The company anticipates a net profit attributable to shareholders of the parent company ranging from -165 million to -225 million yuan for the first half of 2025 [1] - The expected net profit after deducting non-recurring gains and losses is projected to be between -175 million and -230 million yuan [1] Business Segments - The losses in the company's equity investments, particularly from its affiliated enterprises, are expected to negatively impact the net profit due to the application of the equity method of accounting [1] - The new materials business, specifically in the silicon wafer segment, continues to operate at a loss, further affecting the overall profitability of the company [1]

New Stock Issuance - Shanda Electric (Stock Code: 301609) issued at a price of 14.66[1] - Jiyuan Group (Stock Code: 732262) issued at a price of 10.88[1] Market Alerts - Jichuan Pharmaceutical (Stock Code: 600566) has a tender offer period from June 18, 2025, to July 17, 2025[1] - The last trading day for Tuisan Jinguang (Stock Code: 600190) is July 14, 2025, with 4 trading days remaining[1] - The last trading day for Tuisan Jinjing (Stock Code: 900952) is also July 14, 2025, with 4 trading days remaining[1] Abnormal Fluctuations - *ST Zitian (Stock Code: 300280) reported severe abnormal fluctuations on July 10, 2025[1] - *ST Yushun (Stock Code: 002289) reported abnormal fluctuations on July 11, 2025[1] Other Notable Announcements - Longyuan Green Energy (Stock Code: 603185) announced on July 11, 2025[1] - Kedi Pharmaceutical (Stock Code: 000590) announced on July 14, 2025[1]

截至收盘，上证指数报收3519.65点，上涨0.27%；深证成指收于10684.52点，下跌0.11%；创业板指下 跌0.45%；科创50指数下跌0.21%。 不含当日上市新股，今日可交易A股中，上涨个股有3179只，占比58.78%，下跌个股有2064只，平盘个 股165只。其中，收盘股价涨停的有72只，跌停股有20只。 证券时报·数据宝统计显示，涨停个股中，主板有66只，创业板4只，科创板2只。以所属行业来看，上 榜个股居前的行业有机械设备、医药生物、公用事业行业，上榜个股分别有10只、7只、6只。 涨停股中，ST华通、*ST恒久等8只股为ST股。连续涨停天数看，*ST新潮已连收5个涨停板，连续涨停 板数量最多。从收盘涨停板封单量来看，汇通集团最受资金追捧，收盘涨停板封单有9426.01万股，其 次是京运通、上纬新材等，涨停板封单分别有8641.12万股、5300.60万股。以封单金额计算，上纬新 材、汇通集团、京运通等涨停板封单资金较多，分别有8.56亿元、5.80亿元、4.01亿元。（数据宝） 两市涨停股一览 | 代码 | 简称 | 收盘价（元） | 换手率（%） | 涨停板封单（万股） | 封单资金 ...

Core Insights - The National Green Power Index has seen a strong increase of 1.18%, with key stocks such as Jingyuntong hitting the daily limit and Lintong New Energy rising by 4.08% [1] - The green power ETF (159625) has also risen by 1.03%, indicating positive market sentiment towards green energy investments [1] Market Performance - The green power ETF recorded a turnover rate of 1.86% with a transaction volume of 5.6891 million yuan during the trading session [3] - Over the past week, the average daily transaction volume for the green power ETF was 27.9472 million yuan [3] - In the last six months, the green power ETF has seen a significant growth in scale, increasing by 101 million yuan, ranking first among comparable funds [3] - The ETF's share count has grown by 73.2 million shares in the same period, also ranking first among comparable funds [3] - As of July 11, 2025, the net value of the green power ETF has increased by 8.98% over the past six months [3] Valuation Metrics - The latest price-to-earnings ratio (PE-TTM) for the National Green Power Index is 18.84, which is below the historical average of 19.38%, indicating a low valuation compared to the past three years [4] - The top ten weighted stocks in the National Green Power Index account for 56.91% of the index, with major players including Changjiang Electric Power, China Nuclear Power, and Three Gorges Energy [4][6] Trading Opportunities - Investors can access investment opportunities through the corresponding green power ETF linked fund (017057) [6]

Group 1 - The core viewpoint is that the rare earth industry is experiencing significant growth, with the China Rare Earth Industry Index rising by 1.26% as of July 14, 2025, and notable increases in individual stocks such as San Chuan Wisdom up by 10.36% and Huahong Technology hitting the daily limit [1] - The rare earth ETF, Jia Shi (516150), has achieved a three-day consecutive rise, with a weekly increase of 10.44% as of July 11, 2025 [1][4] - The trading volume for the rare earth ETF reached 5.36%, with a total transaction value of 145 million yuan, and it has the highest average daily trading volume among comparable funds at 244 million yuan over the past week [4] Group 2 - The rare earth ETF's latest scale reached 2.652 billion yuan, marking a one-year high and leading among comparable funds [4] - The ETF has seen a significant increase in shares, with a growth of 36 million shares over the past two weeks [4] - In the past ten trading days, the ETF attracted a total of 36.4576 million yuan in inflows [4] Group 3 - North Rare Earth is expected to report a net profit of 900 million to 960 million yuan for the first half of 2025, representing a year-on-year increase of 855 million to 915 million yuan, which translates to a growth of 1882.54% to 2014.71% [4] - The top ten weighted stocks in the China Rare Earth Industry Index account for 55.58% of the index, with North Rare Earth holding the highest weight at 13.87% [5][7] Group 4 - Domestic rare earth quota issuance has remained relatively stable, but the growth rate of indicators has significantly declined, potentially leading to the exit of smaller mines and smelting plants that cannot obtain quotas [5] - The government's crackdown on smuggling in key resource provinces and the comprehensive investigation of the entire industry chain may have a profound impact on the domestic compliant rare earth supply [5]

Summary of Key Points Core Viewpoint - The stock of Jingyuntong has experienced a significant surge, achieving three consecutive daily limit-ups, with a total increase of 32.95% during this period [2]. Trading Performance - As of July 11, the stock price reached 4.64 yuan, with a turnover rate of 0.34% and a trading volume of 8.2522 million shares, amounting to a transaction value of 38.2902 million yuan [2]. - The stock's limit-up order amount reached 632 million yuan [2]. - The latest total market capitalization of A-shares is 11.204 billion yuan [2]. Margin Trading Data - The latest margin trading balance for the stock is 234 million yuan, with a financing balance of 232 million yuan, reflecting a decrease of 6.0928 million yuan or 2.56% from the previous trading day [2]. - Over the past three days, the margin trading balance has decreased by 22.3426 million yuan, representing an 8.80% decline [2]. 龙虎榜 Data - The stock was listed on the龙虎榜 due to a cumulative deviation of 20% in the increase over three trading days and a daily deviation of 7% [2]. - The net buying from the Shanghai Stock Connect reached 12.0752 million yuan, while the total net buying from brokerage seats was 92.4305 million yuan [2]. Financial Performance - According to the Q1 report released on April 29, the company achieved total operating revenue of 683 million yuan, a year-on-year decrease of 53.50% [2]. - The net profit for the same period was -91 million yuan, showing a year-on-year increase of 80.29% [2]. Recent Stock Performance - The stock's daily performance over the past few days is as follows: - July 11: +9.90%, turnover rate 1.49%, net inflow of 84.6111 million yuan - July 10: +10.03%, turnover rate 3.46%, net inflow of 172.3124 million yuan - July 9: -3.06%, turnover rate 6.23%, net outflow of 49.3266 million yuan - July 8: +5.57%, turnover rate 9.17%, net inflow of 42.9198 million yuan - July 7: -1.16%, turnover rate 5.75%, net outflow of 11.0080 million yuan - July 4: -3.09%, turnover rate 6.71%, net outflow of 53.9709 million yuan - July 3: +5.33%, turnover rate 9.12%, net outflow of 19.0178 million yuan - July 2: +1.20%, turnover rate 6.10%, net inflow of 40.0225 million yuan - July 1: -0.30%, turnover rate 2.74%, net inflow of 0.0352 million yuan - June 30: +2.45%, turnover rate 3.59%, net inflow of 21.2747 million yuan [2].