Group 1 - New Yi Sheng expects a net profit increase of 327.68%-385.47% for the first half of 2025, reaching between 37 billion to 42 billion yuan, driven by growth in AI-related computing power demand and product structure optimization [2][4] - Xinghui Entertainment plans to sell 99.66% of its stake in the Spanish club Espanyol for 1.3 billion euros, with half of the payment in cash and the other half in shares [3] - *ST Yushun intends to acquire 100% of three companies for a total of 33.5 billion yuan, aiming to diversify its business into data center infrastructure services and related products [4] Group 2 - Salted Fish plans to reduce its shareholding by up to 2.04%, with a major shareholder intending to sell 5,455,572 shares [5] - Lian Microelectronics expects a net loss of approximately 1.21 billion yuan for the first half of 2025 [6] - Meinian Health anticipates a net loss of 1.92 billion to 2.36 billion yuan for the first half of 2025, with revenue expected to decline by 0.12%-5.83% [7] Group 3 - Chengdi Xiangjiang forecasts a net profit of 28 million to 42 million yuan for the first half of 2025, marking a turnaround from a loss of 69.29 million yuan in the previous year [8] - Jinpu Titanium plans to acquire 100% of Nanjing Lide Oriental Rubber and Plastic Technology Co., Ltd., with stock resuming trading after the announcement [9] - Bohai Leasing expects a net loss of 1.8 billion to 2.4 billion yuan for the first half of 2025 due to goodwill impairment from a subsidiary's asset sale [10] Group 4 - Foton Motor anticipates a net profit increase of approximately 87.5% for the first half of 2025, reaching about 777 million yuan [11] - Shenwan Hongyuan expects a net profit growth of 92.66%-111.46% for the first half of 2025, estimating profits between 4.1 billion to 4.5 billion yuan [12] - Ganfeng Lithium predicts a net loss of 5.5 billion to 3 billion yuan for the first half of 2025, an improvement from a loss of 7.6 billion yuan in the previous year [13] Group 5 - Suzhou Planning intends to acquire 100% of Beijing Dongjin Aviation Technology Co., Ltd., with stock resuming trading after the announcement [14] - Xiangyang Bearing expects a net loss of approximately 13 million yuan for the first half of 2025, slightly worse than the previous year's loss [15] - Tianqi Lithium forecasts a net profit of 0 to 1.55 billion yuan for the first half of 2025, a significant improvement from a loss of 5.2 billion yuan in the previous year [16] Group 6 - Shandong Gold anticipates a net profit increase of 84.3%-120.5% for the first half of 2025, estimating profits between 2.55 billion to 3.05 billion yuan [17] - Yunnan Geology expects a net profit of 16 million to 23 million yuan for the first half of 2025, marking a turnaround from a loss in the previous year [18] - Four-dimensional Map expects a net loss of 319 million to 268 million yuan for the first half of 2025, with revenue growth of 3.07%-14.30% [19] Group 7 - Tangrenshen anticipates a net loss of 54 million to 69 million yuan for the first half of 2025, a significant decline from the previous year's profit [20] - Changbai Mountain expects a net loss of 2.58 million to 1.58 million yuan for the first half of 2025, with revenue decreasing by approximately 7.48% [21] - Jiu Gui Jiu predicts a net profit of 8 million to 12 million yuan for the first half of 2025, a decline of 90.08%-93.39% compared to the previous year [22] Group 8 - Hengsheng Electronics expects a net profit increase of 740.95% for the first half of 2025, estimating profits around 251 million yuan [23] - Qixia Construction anticipates a net profit of 5.5 million to 8 million yuan for the first half of 2025, driven by increased project completions [24] - Poly Development expects a net profit decrease of 63.15% for the first half of 2025, estimating profits around 27.35 billion yuan [25] Group 9 - Anyuan Coal anticipates a net loss of 259 million to 310 million yuan for the first half of 2025, worsening from the previous year's loss [26] - Zhonghua Equipment plans to acquire 100% of Yiyang Rubber Machine and Beihua Machine, with stock suspension expected for no more than 10 trading days [27] - Bayi Steel expects a net loss of 650 million to 700 million yuan for the first half of 2025, primarily due to weak market conditions [28] Group 10 - Yuegui Co. anticipates a net profit increase of 58.67%-77.12% for the first half of 2025, estimating profits between 215 million to 240 million yuan [29] - Dalian Friendship expects a net loss of 38 million to 30 million yuan for the first half of 2025, with revenue impacted by tax-related issues [30] - Hangfa Power expects a net profit decrease of 84.53%-86.55% for the first half of 2025, estimating profits around 80 million to 92 million yuan [31] Group 11 - Dongfang Zirconium anticipates a net profit increase of 141.77%-156.80% for the first half of 2025, estimating profits between 25 million to 34 million yuan [32] - Hangzhou Steel expects a net profit decrease of 2% from a major shareholder's planned reduction [33] - Jingao Technology predicts a net loss of 2.5 billion to 3 billion yuan for the first half of 2025, worsening from the previous year's loss [34] Group 12 - Shanshan Co. expects a net profit increase of 810.41%-1265.61% for the first half of 2025, estimating profits between 160 million to 240 million yuan [35] - Guocheng Mining anticipates a net profit increase of 1046.75%-1174.69% for the first half of 2025, estimating profits between 493 million to 548 million yuan [36] - Jindi Group expects a net loss of 3.4 billion to 4.2 billion yuan for the first half of 2025, with significant declines in revenue [37] Group 13 - Founder Securities anticipates a net profit increase of 70%-80% for the first half of 2025, estimating profits between 22.96 billion to 24.32 billion yuan [38] - Hasi Lian expects a net loss of 98 million to 80 million yuan for the first half of 2025, a significant decline from the previous year [39] - Lanhua Ketech expects a net profit decrease of 89.12%-92.75% for the first half of 2025, estimating profits between 40 million to 60 million yuan [40] Group 14 - Shanxi Securities anticipates a net profit increase of 58.17%-70.72% for the first half of 2025, estimating profits between 5.04 billion to 5.44 billion yuan [41] - Xinda Real Estate expects a net loss of 3.5 billion to 3.9 billion yuan for the first half of 2025, with significant declines in revenue [42] - Xiangcai Co. anticipates a net profit increase of 63.64%-118.19% for the first half of 2025, estimating profits between 12 million to 16 million yuan [43] Group 15 - Longi Green Energy expects a net loss of 2.4 billion to 2.8 billion yuan for the first half of 2025, despite an increase in sales volume [44] - Wentai Technology anticipates a net profit increase of 178%-317% for the first half of 2025, estimating profits between 390 million to 585 million yuan [45] - Ruida Futures expects a net profit increase of 50.56%-83.15% for the first half of 2025, estimating profits between 206 million to 251 million yuan [46] Group 16 - Debang Co. anticipates a net profit decrease of 84.26%-87.86% for the first half of 2025, estimating profits between 40 million to 52 million yuan [47] - Jin Yi Culture expects a net loss of 20 million to 32 million yuan for the first half of 2025, a significant decline from the previous year [48] - Hongdian Film expects a net profit increase of 103.55%-160.09% for the first half of 2025, estimating profits between 180 million to 230 million yuan [49] Group 17 - Qiaqia Food anticipates a net profit decrease of 71.05%-76.25% for the first half of 2025, estimating profits between 80 million to 97.5 million yuan [50] - Guotai Haitong expects a net profit increase of 205%-218% for the first half of 2025, estimating profits between 15.283 billion to 15.957 billion yuan [51] - Xining Special Steel expects a net loss of approximately 234 million yuan for the first half of 2025, with revenue impacted by low steel prices [52]

Core Viewpoint - The "anti-involution" policy is gaining traction, leading to a rebound in related concept stocks, particularly in the steel, coal, and photovoltaic sectors, with significant price increases observed in leading companies [1][5]. Group 1: Market Performance - As of July 14, the Wind Photovoltaic Index has increased by 14.44% since its rebound began on June 20, with leading stocks such as Yamaton (002623), Guosheng Technology (603778), and Jingyuntong (601908) rising by 96.7%, 81.79%, and 54.67% respectively [1][5]. - Research institutions have shown heightened interest in "anti-involution" concept stocks, with over 283 related research reports published by brokers and futures firms since July [2]. Group 2: Policy Developments - The Central Economic Commission emphasized the need to deepen the construction of a unified national market, focusing on addressing low-price disorderly competition and promoting product quality improvement [3]. - The State Administration for Market Regulation held a meeting to strengthen fair competition reviews and enhance anti-monopoly enforcement, involving companies from various sectors including wind power, automotive, and internet platforms [3]. Group 3: Industry Insights - Key industries benefiting from the "anti-involution" policy include steel, cement, photovoltaic, and lithium battery sectors, with expectations of improved profitability and market performance [9][12]. - The "anti-involution" policy aims to guide companies away from cost competition, emphasizing the importance of R&D and product quality enhancement [10]. Group 4: Future Outlook - Analysts suggest that the current "anti-involution" trend may unfold in three phases: initial policy catalysis, subsequent resource price increases, and stabilization of high prices [7]. - The anticipated policy measures are expected to be rolled out by various ministries before September, focusing on supply-side reforms and addressing overcapacity in several industries [6].

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%， ...

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)

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]

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].

Group 1 - The A-share rare earth permanent magnet sector is experiencing active bidding, with companies such as Wolong New Energy and Jingyuntong hitting the daily limit up [1] - Other companies like Sanchuan Wisdom, Huahong Technology, Baogang Co., and Jintian Co. also opened high, rising over 5% [1]

关于北京京运通科技股份有限公司 间询函的回函 致:北京京运通科技股份有限公司 来函收悉。贵司股票于 2025年_ | 月 |0_日至 2025年 7 月 || 日连 续 内 个交易目内日收盘价格涨幅偏离值累计达 20%,属于《上海证券交易所 交易规则》规定的股票交易异常波动情形,作为贵司的控股股东及实际控制人, 就贵司发来的问询函回复如下: 特此回函 控股股东:北京京运通达兴科技投资有限公 实际控制人:一 月 // 日 2025年 2、作为贵司的控股股东及实际控制人,不存在影响贵司股票交易价格异常 波动的重大事宜; 3、除贵司已披露公告事项外,不存在正在筹划涉及贵司的重大事项,包括 但不限于重大资产重组、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; 4、作为贵司的控股股东及实际控制人,在本次股票交易异常波动期间,不 存在买卖公司股票的情形。 1、作为贵司的控股股东及实际控制人,没有涉及贵司的应披露而未披露的 重大消息; ...

证券代码：601908 证券简称：京运通 公告编号：临 2025-037 北京京运通科技股份有限公司 股票交易异常波动公告 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"或"本公司"）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。 ●经公司自查，并向公司控股股东及实际控制人书面征询核实，截至本公告 披露日，除公司已披露事项外，公司、控股股东及实际控制人不存在应披露而未 披露的重大事项。 ●公司股价短期涨幅较大，敬请广大投资者注意市场交易风险、生产经营风 险、诉讼风险等风险，理性决策，审慎投资。 一、股票交易异常波动的具体情况 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。 二、公司关注并核实的相 ...

Core Viewpoint - The company, Jingyuntong (601908.SH), has experienced significant stock price fluctuations and faces substantial litigation risks, with a total amount involved in lawsuits and arbitrations reaching approximately 1 billion yuan over the past 12 months [1]. Group 1: Stock Performance - Jingyuntong's stock price showed an abnormal fluctuation, with a cumulative increase of 20% over two consecutive trading days on July 10 and July 11 [1]. - The company confirmed that its production and operational status remains normal, and there are no major contracts signed or significant matters that need disclosure [1]. Group 2: Litigation Risks - The company and its subsidiaries have been involved in lawsuits and arbitrations totaling approximately 1 billion yuan over the last 12 months [1]. - Some of the disclosed lawsuits and arbitration cases are still pending judgment or resolution, leading to uncertainty regarding their impact on the company's current and future profits [1].