消息面上，据21世纪经济报道，6月11日，英伟达在首届GTC巴黎上，抛出了一系列欧洲AI基础设施的 合作计划。一方面，英伟达正在与法国、英国、德国和意大利的企业进行AI合作。另一方面，英伟达 正在德国、瑞典、意大利、西班牙、英国和芬兰建立并拓展AI技术中心。比如，在法国，AI新秀Mistral AI正与英伟达合作，构建一个由18000个英伟达Grace Blackwell系统驱动的云平台，并计划在2026年扩 展到多个节点。在英国，英伟达联手云厂商Nebius和 Nscale，计划先部署14000个英伟达Blackwell GPU 来驱动新的数据中心。 浙商证券表示，AI Agent具备爆发潜力，有望重塑计算机行业价值，持续把握相关领域投资机遇。首先 带来国产算力需求提升，其次软件服务产业自身就是高人力成本服务业，AI Agent能直接降本增效，有 望推高行业毛利率中枢，最后AI Agent有望推动计算机公司商业模式升级。 交银国际指出，科技股估值虽未回到之前高点，但已基本修复，建议投资者关注确定性较高的领域。首 先，人工智能仍是今后一段时间最关键的技术变化，下半年随着部分关键产业链公司完成产品升级，我 们认 ...

Investment Rating - The industry rating is "Outperform the Market" [8][16] Core Viewpoints - The automotive sector is focusing on luxury vehicles and unmanned logistics, with a recommendation to pay attention to leading companies such as BYD, Geely, and Xiaomi for overall vehicle production, and to Seres and Li Auto for luxury vehicles [3][4] - The robotaxi segment has experienced significant adjustments, primarily influenced by trading factors rather than fundamental issues, with a focus on the upcoming operational effects of Tesla's robotaxi on June 12 [4][5] - The low-altitude economy is highlighted, particularly the unmanned aerial vehicle (UAV) sector, which is expected to shift from being part of unmanned logistics to an independent market leader if relevant policies are implemented in June [6] Summary by Sections Automotive Sector - The report emphasizes the ongoing pressure in the domestic market and the increasing competition, suggesting a focus on leading automotive companies and luxury vehicle manufacturers [4][3] - Key companies to watch include BYD, Geely, Xiaomi, Seres, and Li Auto [4] Robotaxi and Robotics - The report notes a significant adjustment in the robotaxi market, with a focus on the upcoming Tesla robotaxi operations and the potential for new market trends [4][5] - Recommendations include focusing on large-cap stocks related to Tesla and companies with strong industrial logic and future potential [5] Low-altitude Economy - The report suggests that the UAV sector is poised for growth, particularly if low-altitude policies are enacted, with a focus on companies like Zongheng and Green Energy Hui充 [6]

Investment Rating - The report does not explicitly state an investment rating for the industry, but it provides insights into the performance of various sectors within the equipment manufacturing industry, indicating a mixed outlook for different segments [1][7]. Core Insights - The domestic engineering machinery market is experiencing a short-term decline in activity, with May 2025 data showing a 3.86% year-on-year decrease in average working hours and a 5.01 percentage point drop in operating rates [2][10]. - The automotive sector shows resilience, with a 6% year-on-year increase in daily retail sales of passenger cars during the last week of May 2025, supported by promotional strategies from manufacturers [2][10]. - In the photovoltaic sector, prices for battery cells and modules have stabilized, but demand remains weak, particularly for photovoltaic glass, which is experiencing price declines due to reduced purchasing from downstream component manufacturers [2][10]. Summary by Sections Market Overview - From June 3 to June 6, 2025, the indices for machinery equipment, power equipment, and automotive sectors changed by 0.93%, 1.38%, and 0.17% respectively, ranking 19th, 14th, and 25th among 31 primary industries [7][10]. Industry News and Key Company Announcements - As of April 2025, China's renewable energy generation capacity reached 2.017 billion kilowatts, a 58% year-on-year increase, with wind, solar, and nuclear power surpassing thermal power capacity [2][18]. - A humanoid robot manufacturer has completed a Series A financing round exceeding 100 million RMB, indicating growing investment in robotics [2][18]. - China National Power Engineering Group signed a 1GW project order in Azerbaijan, highlighting international expansion in renewable energy projects [2][20].

Investment Rating - The report does not explicitly state an investment rating for the industry, but it provides insights into the performance of various sectors within the equipment manufacturing industry, indicating a mixed outlook for different segments [1][2]. Core Insights - The domestic engineering machinery market is experiencing a short-term decline in activity, with May 2025 data showing a 3.86% year-on-year decrease in average working hours and a 5.01 percentage point drop in operating rates [2]. - The automotive sector shows resilience, with a 6% year-on-year increase in daily retail sales of passenger vehicles in late May 2025, supported by promotional strategies from manufacturers [2]. - The photovoltaic sector is facing challenges, with a slowdown in demand for solar glass and a general decline in prices for various products, indicating a weak market outlook [2]. Summary by Sections Market Overview - From June 3 to June 6, 2025, the indices for machinery equipment, power equipment, and automotive sectors changed by 0.93%, 1.38%, and 0.17% respectively, ranking 19th, 14th, and 25th among 31 primary industries [7][10]. Engineering Machinery - The average working hours for major engineering machinery products in May 2025 were 84.5 hours, down 3.86% year-on-year and 6.25% month-on-month. The operating rate was 59.5%, reflecting a 5.01 percentage point year-on-year decline [2]. Automotive Sector - In the last week of May 2025, the average daily retail sales of passenger vehicles reached 95,000 units, a 6% increase compared to the same period last year, although it represented a 7% decrease from the previous month [2]. Photovoltaic Sector - The prices of photovoltaic cells and modules have seen a slowdown in their decline, but overall demand remains weak, particularly for solar glass, which is experiencing price pressure due to reduced purchasing needs from downstream component manufacturers [2]. Industry News - As of April 2025, China's renewable energy generation capacity reached 2.017 billion kilowatts, a 58% year-on-year increase, with wind, solar, and nuclear power surpassing thermal power capacity for the first time [2].

Market Overview - The main funds in the Shanghai and Shenzhen markets experienced a net outflow of 21.24 billion yuan, with the Sci-Tech Innovation Board seeing a net outflow of 718 million yuan [1] - A total of 238 stocks saw net inflows, while 348 stocks experienced net outflows [1] Sci-Tech Innovation Board Performance - On the Sci-Tech Innovation Board, 274 stocks rose while 304 stocks fell [1] - The top three stocks with the highest net inflows were: - Youke Technology: 161.9 million yuan - Guandun Quantum: 70.24 million yuan - Lanke Technology: 50.61 million yuan [1] Continuous Fund Flow Analysis - 73 stocks had continuous net inflows for more than three trading days, with the highest being Optoelectronics and Weiteng Electric, both with 11 consecutive days of inflow [1] - 110 stocks had continuous net outflows, with Sains being the most affected, experiencing 15 consecutive days of outflow [1] Top Net Inflow Stocks - The top stocks by net inflow included: - Youke Technology: 161.9 million yuan, with a price increase of 7.49% - Guandun Quantum: 70.24 million yuan, with a price increase of 2.45% - Lanke Technology: 50.61 million yuan, with a price increase of 0.05% [1] Notable Outflow Stocks - The stocks with the highest net outflows were: - Hanwujing: 104 million yuan, with a price decrease of 1.59% - Shengyi Electronics: 90.74 million yuan - Zhongyou Technology: 87.03 million yuan [1]

Market Performance - As of May 30, the Shanghai Composite Index increased by 2.09% in May, the Shenzhen Component Index rose by 1.42%, and the ChiNext Index gained 2.32% [1] Top Performing Stocks - The top-performing stock in May was Zhongyou Technology, with a cumulative increase of 157.28%, driven by the dual forces of cost reduction and intelligent upgrades in the logistics industry [3][6] - Shutaishen ranked second with a cumulative increase of 145.37%, attributed to its innovative drug projects [3][7] - Wangzi New Materials achieved a 108.37% increase, with significant media attention on its involvement in controlled nuclear fusion [3][8] - Hezhuan Intelligent also saw a 108.16% increase, supported by its core component manufacturing capabilities for Tokamak devices in nuclear fusion applications [3][10] - Luqiao Information, a company listed on the Beijing Stock Exchange, experienced a 102.64% increase, focusing on information technology solutions in the transportation sector [3][11] - Chengfei Integration recorded a 99.52% increase, with its main business in automotive parts and tools [3][12] - San Sheng Guojian had a 99.45% increase, following a significant licensing agreement with Pfizer for its innovative drug [3][13] - ST Yazhen saw a 93.14% increase, linked to a change in its controlling shareholder [3][14] - Zhongzhou Special Materials, another controlled nuclear fusion concept stock, increased by 92.87%, although its products are not yet applied in that field [3][15] - Qifeng Precision Engineering, a military stock, increased by 90.58%, with a focus on aerospace and rail transportation markets [3][17]

Group 1 - The secondary market for "unmanned vehicles" is experiencing significant activity, with multiple concept stocks surging, including Zhongyou Technology, which saw its stock price deviate by over 100% in the 10 trading days from May 16 to May 29, 2025, and over 200% in the 22 trading days from April 25 to May 29, 2025 [1][2] - As of May 29, 2025, Zhongyou Technology's stock closed at 68.48 yuan per share, with a latest price-to-book ratio of 6.06, significantly higher than the industry average of 2.76 [2] - The company's main business includes intelligent sorting systems and intelligent transmission systems, which are leading in efficiency and accuracy for automated sorting of various items [3] Group 2 - In the 2024 annual report, Zhongyou Technology reported a revenue of 912 million yuan, a year-on-year decline of 53.26%, and a net profit attributable to shareholders of -148 million yuan, a decline of 306.52% [4] - The fourth quarter of 2024 showed total revenue of 318 million yuan, down 59.16% year-on-year but up 53.62% quarter-on-quarter, with a net profit of -78.84 million yuan, a year-on-year decline of 255.10% [4]

证券代码：688648 证券简称：中邮科技 公告编号：2025-024 中邮科技股份有限公司 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、准确性和完整性依法承担法律责任。 重要内容提示： 1 中邮科技股份有限公司（以下简称"公司"或"本公司"）股票交易连续 10 个交易日内（2025 年 5 月 16 日至 2025 年 5 月 29 日）收盘价格涨幅偏离值 累计超过 100%，根据《上海证券交易所交易规则》《上海证券交易所科创 板股票异常交易实时监控细则》的有关规定，属于股票交易严重异常波动情 形。 公司股票交易连续 22 个交易日内（2025 年 4 月 25 日至 2025 年 5 月 29 日） 收盘价格涨幅偏离值累计超过 200%，根据《上海证券交易所交易规则》《上 海证券交易所科创板股票异常交易实时监控细则》的有关规定，属于股票交 易严重异常波动情形。 截至 2025 年 5 月 29 日，公司收盘价为 68.48 元/股。根据中证指数有限公司 发布的数据，公司最新市净率为 6.06 倍，公司所处的通用设备制造行业最新 市净率为 2.76 ...

特此函复。 致:中邮科技股份有限公司 《关于中邮科技股份有限公司股票交易严重异常波动的询 证函》的回函 你公司《关于中邮科技股份有限公司股票交易严重异常波动的询证函》已 收悉,经核查落实,现就公司询证事项回复如下: 一、截至目前,作为你公司控股股东,不存在涉及你公司的应披露而未披 露的重大信息,包括但不限于正在筹划并购重组、股份发行、债务重组、业务 重组、资产剥离和资产注入等重大事项。 二、在本次股票交易严重异常波动期间,本公司不存在买卖你公司股票的 情形。 (本页以下无正文) (本页无正文,为中邮资本管理有限公司《<关于中邮科技股份有限公司股票交 易严重异常波动的询证函>的回函》之签署页 ) 中邮资本管理有 ...

《关于中邮科技股份有限公司股票交易严重异常波动的询 证函》的回函 中国邮政集 日 2025 TF 二、在本次股票交易严重异常波动期间,本公司不存在买卖你公司股票的 情形。 特此函复。 (本页以下无正文) (本页无正文,为中国邮政集团有限公司《<关于中邮科技股份有限公司股票交 易严重异常波动的询证函>的回函》之签署页) 致:中邮科技股份有限公司 你公司《关于中邮科技股份有限公司股票交易严重异常波动的询证函》已 收悉,经核查落实,现就公司询证事项回复如下: 一、截至目前,作为你公司实际控制人,不存在涉及你公司的应披露而未 披露的重大信息,包括但不限于正在筹划并购重组、股份发行、债务重组、业 务重组、资产剥离和资产注入等重大事项。 ...