Group 1 - The core viewpoint of the news highlights the active trading of the Sci-Tech Machinery ETF, which has a turnover rate of 80.87% and a transaction volume of 8.05 million yuan, indicating a vibrant market activity [2] - The Sci-Tech Machinery ETF closely tracks the Shanghai Stock Exchange Sci-Tech Board Industrial Machinery Index, which selects 50 large-cap stocks from sectors such as urban rail transit equipment, industrial automation, and engineering machinery [2] - As of June 30, 2025, the top ten weighted stocks in the index include Zhongkong Technology, Bochu Electronics, and Daotong Technology, collectively accounting for 48.05% of the index [2] Group 2 - The total investment for the Yarlung Tsangpo River downstream hydropower project is approximately 1.2 trillion yuan, with a planned total installed capacity of 60 GW, which is expected to significantly boost domestic engineering machinery demand [4] - The project will involve the construction of five tiered power stations and is anticipated to require a large quantity of construction machinery, including excavators, loaders, and concrete machinery [4] - The manufacturing PMI in China rose by 0.2 percentage points to 49.7% in June 2025, with production and new orders indices returning to the expansion zone, suggesting a potential recovery in manufacturing and machinery equipment demand [5]

Group 1 - The core viewpoint of the news is that a well-known private equity firm, Shenzhen Red Chip Investment, has conducted research on a listed company, Liyuanheng, which specializes in all-solid-state battery solutions [1] - Liyuanheng covers a full range of equipment compatibility for sulfide, oxide, polymer, and halide systems, with core advantages including customized solutions, safety control for sulfides, full-process implementation capabilities, and modular single-machine equipment [1] - The company aims to enhance its multi-technology route compatibility, overcome large-scale production process bottlenecks, and form collaborative solutions across the industrial chain [1] Group 2 - Liyuanheng has secured orders from leading domestic automotive companies and has delivered front-end equipment to clients in the United States, while also advancing cooperation with customers in North America, Southeast Asia, and Europe [1] - As of May 31, 2025, Liyuanheng's total order backlog amounts to 4.921 billion yuan, with a diversified order structure driven by demand for new consumer lithium battery production lines, optimization of customer structure, and intelligent warehousing business [1]

Group 1 - The core viewpoint of the article highlights the performance and strategic positioning of the Huaan New Energy Theme Mixed A Fund, which reported a profit of 5.44 million yuan in Q2 2025, with a net asset value growth rate of 8.05% [2] - As of July 18, 2025, the fund's unit net value was 0.763 yuan, and it had a total scale of 73.81 million yuan [2][14] - The fund manager anticipates a turning point in the supply side of the new energy industry by the end of 2024, with improvements in capacity utilization and pricing for batteries and wind power starting in 2025 [2] Group 2 - The fund's recent performance metrics include a 20.21% growth rate over the past three months, ranking 71 out of 615 comparable funds, and a 28.91% growth rate over the past year, ranking 143 out of 584 [3] - The fund's three-year Sharpe ratio is -0.1203, ranking 208 out of 319 comparable funds, indicating a relatively poor risk-adjusted return [8] - The maximum drawdown over the past three years was 50.01%, with the largest single-quarter drawdown occurring in Q1 2024 at 23.65% [10] Group 3 - The fund maintained an average stock position of 84.93% over the past three years, slightly above the industry average of 83.26% [13] - The top ten holdings of the fund as of Q2 2025 include major companies such as CATL, Leap Motor, and Ganfeng Lithium, indicating a strong focus on key players in the new energy sector [17]

Group 1 - The A-share PET copper foil sector is experiencing a volatile upward trend, with companies like Tongguan Copper Foil and Liyuanheng both rising over 6% [1] - Other companies such as Zhongyi Technology, Shuangxing New Materials, and Sanfu New Materials are also seeing increases in their stock prices [1]

Core Insights - A total of 20 stocks on the STAR Market experienced block trading on July 17, with a cumulative transaction amount of 245 million yuan [1][2]. Group 1: Trading Overview - The total number of block trades was 38, with a cumulative trading volume of 7.45 million shares [1]. - The stock with the highest transaction amount was Nanmo Biology, with a trading volume of 1.56 million shares and a transaction amount of approximately 49.85 million yuan [1]. - Other notable stocks in terms of transaction amounts included Nine Company and Hongquan Wulian, with transaction amounts of 32.40 million yuan and 22.22 million yuan, respectively [1]. Group 2: Price and Performance Analysis - All stocks involved in block trading were sold at a discount, with the highest discount rates observed in Weixin Biology, Haitai Ruisheng, and Guoke Military Industry, with discount rates of 15.49%, 13.79%, and 13.13% respectively [1][2]. - The STAR 50 Index rose by 0.80% on the same day, with 458 stocks (77.76%) in the STAR Market experiencing price increases [1]. - The average increase for stocks involved in block trading was 2.51%, with the highest increases seen in Liyuanheng, Anjisi, and Jiulian Technology, with increases of 8.25%, 7.36%, and 7.05% respectively [1]. Group 3: Institutional Participation - Among the block trades, there were 11 transactions involving institutional buyers or sellers across 8 stocks [2]. - The leading stocks for institutional buying included Anjisi, Jiulian Technology, and Hongquan Wulian, with buying amounts of 10.57 million yuan, 10.52 million yuan, and 8.02 million yuan respectively [2]. - The stocks with the highest net outflows included Nine Company, Weixin Biology, and Anjisi, with net outflows of 33.83 million yuan, 27.47 million yuan, and 13.62 million yuan respectively [2].

证券代码：688499 证券简称：利元亨 公告编号：2025-045 广东利元亨智能装备股份有限公司 关于提前归还部分暂时补充流动资金的募集资金的公告 2025 年 7 月 17 日，公司已将上述用于暂时补充流动资金的募集资金 5,400 万元提前归还至募集资金专用账户，并及时将募集资金归还情况通知保荐机构和 保荐代表人。 截至本公告披露日，公司已累计归还临时补充流动资金的募集资金 6,700 万 元，剩余用于暂时补充流动资金的募集资金尚在董事会审议通过的使用期限之内， 公司将在规定到期日之前归还至募集资金专用账户，届时公司将及时履行信息披 露义务。 特此公告。 广东利元亨智能装备股份有限公司董事会 2025年7月17日 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、准确性和完整性依法承担法律责任。 广东利元亨智能装备股份有限公司（以下简称"公司"）于 2024 年 10 月 24 日召开第三届董事会第七次会议、第三届监事会第六次会议，审议通过《关 于使用部分闲置募集资金暂时补充流动资金的议案》，同意公司使用部分闲置募 集资金不超过人民币 45,000 ...

Core Viewpoint - The announcement details the change of the continuous supervision sponsor representative for Guangdong Liyuanheng Intelligent Equipment Co., Ltd. from CITIC Securities, ensuring the orderly continuation of supervision work [1]. Group 1: Change of Sponsor Representative - CITIC Securities has issued a letter regarding the replacement of the continuous supervision sponsor representative for the company [1]. - The original representatives were Wang Guowei and Xia Xiaohui, with Xia Xiaohui stepping down due to job changes [1]. - Zheng Xiaoming has been appointed as the new continuous supervision sponsor representative, taking over the responsibilities from Xia Xiaohui [1]. Group 2: Impact on Supervision Work - The change in representatives does not affect the ongoing supervision work by CITIC Securities for the company's initial public offering and convertible bond issuance projects [1]. - The company expresses gratitude to Xia Xiaohui for his contributions during his tenure as the sponsor representative [1]. Group 3: Zheng Xiaoming's Background - Zheng Xiaoming is currently a sponsor representative and registered accountant at CITIC Securities, with a master's degree [2]. - He has participated in various IPO projects, demonstrating a strong background in the field [2]. - Zheng has a good record of compliance with relevant regulations during his practice in sponsorship business [2].

Core Viewpoint - Liyuanheng, a leading high-end new energy equipment manufacturer, emphasizes its commitment to innovation and quality in the solid-state battery sector, aiming to adapt to market changes and enhance operational efficiency [1][3][11]. Group 1: Company Overview - Liyuanheng was founded in 2002 with a small team and has grown to become a prominent player in the high-end new energy equipment manufacturing industry, listed on the STAR Market in 2021 [1]. - The company specializes in providing intelligent factory solutions for various sectors, including new energy, smart logistics, ICT, AI computing power, and automotive components [1]. Group 2: Financial Performance - In 2024, Liyuanheng achieved a revenue of 2.482 billion yuan, with 2.025 billion yuan coming from lithium battery manufacturing equipment, representing a significant portion of the company's total revenue [3]. - The company has experienced a decline in sales and management expenses, with a 26% reduction in operating costs and a 41% decrease in management expenses year-on-year [3][4]. Group 3: Strategic Focus - Liyuanheng has adopted a "practice internal skills strategy" since the second half of 2023, focusing on cost management across various dimensions, including R&D, manufacturing, and after-sales service [4]. - The company maintains a large customer strategy, developing products in collaboration with industry leaders and focusing on high-end capacity, which remains insufficient despite an overall industry slowdown [3]. Group 4: Solid-State Battery Development - Liyuanheng has invested over 12% of its revenue in R&D, enhancing its market competitiveness, particularly in the solid-state battery sector, which is gaining traction in the industry [7]. - The company is one of the early players in the domestic market to offer complete solid-state battery production line solutions, covering key equipment and processes across various solid-state battery technologies [7][8]. Group 5: Global Expansion - Since 2011, Liyuanheng has expanded its operations overseas, establishing subsidiaries and R&D centers in Europe, North America, and the Asia-Pacific region [11]. - The company's global strategy aims to enhance its R&D capabilities, provide localized services during domestic market adjustments, and support long-term growth through a global network [11].

Core Viewpoint - The article emphasizes the importance of non-destructive, precise, and efficient detection of battery internal quality in the pursuit of higher energy density, longer cycle life, and extreme safety in the TWh era of power batteries [1]. Group 1: Precision and Non-Destructive Testing - Liyuanheng Industrial CT provides high-precision perspective solutions throughout the R&D, production, and quality control processes for lithium battery companies, utilizing advanced micro-focus and small-focus X-ray sources combined with large-area and linear detectors [1][4]. - The innovative design of Liyuanheng Industrial CT ensures high precision and efficiency in detection, significantly expanding its application range for identifying microscopic defects and analyzing contour structure and wall thickness uniformity [1]. Group 2: Production Capacity and Customization - Liyuanheng Industrial CT has a production capacity of 30 PPM and can be customized according to customer needs, effectively addressing various detection requirements in both large-scale production lines and laboratory environments [4]. Group 3: High Precision Non-Destructive Testing - The highest precision of Liyuanheng Industrial CT can reach 10μm, clearly presenting internal defects, inclusions, contour, and structural details, with a false positive rate of no more than 0.5% and a zero missed detection rate, achieving industry-leading accuracy [5]. Group 4: Intelligent Control and In-Depth Analysis - Liyuanheng Industrial CT is equipped with parameter control, permission control, and status monitoring functions, supporting one-click model switching and 3D data visualization software, enhancing automated detection capabilities [6]. - The equipment can perform material density analysis, precise dimension measurement, and reverse engineering, with detection data directly feeding back into process optimization systems, improving overall production intelligence and quality control efficiency [6]. - Liyuanheng Industrial CT has been widely applied in leading global battery companies and top research institutions, playing a core role in the R&D innovation, mass production quality control, and failure analysis of power and energy storage batteries [6].

证券代码：688499 证券简称：利元亨 公告编号：2025-044 广东利元亨智能装备股份有限公司 2025 年 7 月 15 日 1 附件： 郑晓明先生简历 广东利元亨智能装备股份有限公司（以下简称"公司"）于近日收到中信证 券股份有限公司（以下简称"中信证券"）出具的《关于更换保荐代表人的函》。 中信证券为公司首次公开发行股票、向不特定对象发行可转换公司债券项目的保 荐人，原委派持续督导的保荐代表人为王国威先生和夏晓辉先生。夏晓辉先生因 工作变动，不再担任公司的持续督导保荐代表人。为保证持续督导工作的有序进 行，中信证券委派保荐代表人郑晓明先生（简历详见附件）接替夏晓辉先生负责 公司后续的持续督导工作，相关业务已交接完毕。 本次变更后，公司首次公开发行股票、向不特定对象发行可转换公司债券项 目的持续督导保荐代表人为王国威先生和郑晓明先生，本次变更不影响中信证券 对公司的持续督导工作。 公司董事会对夏晓辉先生在担任公司保荐代表人期间所做的工作表示衷心 感谢！ 特此公告。 广东利元亨智能装备股份有限公司董事会 关于变更持续督导保荐代表人的公告 本公司董事会及全体董事保证公告内容不存在任何虚假记载、误导性陈述 ...