Investment Focus - China Nuclear Power plans to invest 1 billion yuan in China Fusion Energy Co., acquiring a 6.65% stake, while the total investment in the company amounts to approximately 11.49 billion yuan from multiple investors [2] - Zhejiang Energy Power intends to invest 751 million yuan for a 5% stake in China Fusion Energy Co., as part of a broader strategy to enter the nuclear fusion energy sector [2] Corporate Announcements - Guizhou Moutai has contributed 490 million yuan to establish the Guizhou Moutai Brewery (Group) Science and Technology Research Institute, holding a 49% stake [4] - GoerTek plans to acquire 100% of Mia Precision Technology Co., Ltd. and Changhong Industrial Co., Ltd. for approximately 10.4 billion HKD, enhancing its capabilities in precision component manufacturing [4] Management Changes - Guoguang Electric announced that its director and general manager, Li Ning, has been placed under detention, with the chairman temporarily assuming his responsibilities [3] Financial Performance - Anfu Technology reported a net profit of 107 million yuan for the first half of the year, reflecting a year-on-year increase of 14.38% [19] Financing Activities - Guangdian Measurement plans to raise up to 1.3 billion yuan through a private placement to fund projects including a new generation AI chip testing platform [11] Shareholding Changes - Weisi Medical announced that Zhida Venture Capital intends to reduce its stake by up to 3% [12] - Geer Software is in the process of acquiring over 51% of Weipin Zhiyuan, a company specializing in intelligent orchestration platforms [9]

今日聚焦 5、金智科技：控股股东将变更为南京智迪 股票复牌 1、贵州茅台：出资4.9亿元参与成立贵州茅台酒厂(集团)科学与技术研究院有限责任公司 贵州茅台公告称，公司与关联方茅台集团共同出资成立贵州茅台酒厂(集团)科学与技术研究院有限责任 公司，公司以货币+实物(实验仪器)形式出资4.9亿元(占股49%)，茅台集团以货币+实物(科技大楼)形式 出资5.1亿元(占股51%)。公司独立董事已审议通过本议案，关联董事已回避表决。 注：贵州茅台表示，成立研究院公司旨在整合科研资源，聚焦主业发展和白酒酿造技术成果转化，以提 高公司核心竞争力，促进高质量发展。 2、中国核电：拟10亿元参股投资中国聚变能源有限公司 中国核电公告称，公司拟参股投资中国聚变能源有限公司，投资金额为10亿元。聚变公司目前为中国核 工业集团有限公司全资子公司，本次交易将由中核集团、中国核电、中国石油集团昆仑资本有限公司、 上海未来聚变能源科技有限公司、国家绿色发展基金股份有限公司、浙江浙能电力股份有限公司及四川 重科聚变能源科技有限公司共同向聚变公司投资约114.92亿元。本次交易构成关联交易，但不构成重大 资产重组。本次交易前，中核集团持有聚变 ...

目前，公司各项生产经营活动均正常进行。公司拥有完善的治理结构及内部 控制体系，已就相关事项做好妥善应对，将继续严格按照《公司法》《上海证券 交易所科创板股票上市规则》等法律法规及公司制度规范运作。截至本公告披露 日，公司控制权未发生变化，该事项预计不会对公司生产经营产生重大影响。 公司暂未知悉上述事项的具体进展及结论，将持续关注后续情况，并严格依 照法律法规要求及时履行信息披露义务。敬请广大投资者理性看待市场信息，注 意投资风险。 成都国光电气股份有限公司董事会 鉴于李泞先生在留置期间暂时无法履行总经理等职责，为确保公司后续经营 正常开展，公司已于2025年7月22日召开第九届董事会第二次会议，会议审议通 过了《关于推举董事长代为履行总经理等职责的议案》，在李泞先生无法履职期 间，由公司董事长张亚先生代为履行总经理及法定代表人等职责。 证券代码：688776 证券简称：国光电气 公告编号：2025-031 成都国光电气股份有限公司 关于公司重大事项的公告 本公司董事会及除李泞先生外董事会全体成员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。 ...

公司暂未知悉上述事项的具体进展及结论，将持续关注后续情况，并严格依 照法律法规要求及时履行信息披露义务。敬请广大投资者理性看待市场信息，注 意投资风险。 成都国光电气股份有限公司 关于公司重大事项的公告 成都国光电气股份有限公司（以下简称"公司"）于2025年7月22日收到江 西省赣州市定南县监委工作电话通知，公司董事、总经理李泞先生被实施留置。 证券代码：688776 证券简称：国光电气 公告编号：2025-031 鉴于李泞先生在留置期间暂时无法履行总经理等职责，为确保公司后续经营 正常开展，公司已于2025年7月22日召开第九届董事会第二次会议，会议审议通 过了《关于推举董事长代为履行总经理等职责的议案》，在李泞先生无法履职期 间，由公司董事长张亚先生代为履行总经理及法定代表人等职责。 目前，公司各项生产经营活动均正常进行。公司拥有完善的治理结构及内部 控制体系，已就相关事项做好妥善应对，将继续严格按照《公司法》《上海证券 交易所科创板股票上市规则》等法律法规及公司制度规范运作。截至本公告披露 日，公司控制权未发生变化，该事项预计不会对公司生产经营产生重大影响。 本公司董事会及除李泞先生外董事会全体成员保 ...

智通财经7月22日电，国光电气(688776.SH)公告称，公司董事、总经理李泞被江西省赣州市定南县监委 实施留置，暂时无法履行总经理等职责。为确保公司正常运营，公司董事长张亚代为履行总经理及法定 代表人职责。目前公司生产经营正常，控制权未发生变化，该事项预计不会对公司生产经营产生重大影 响。 国光电气：董事、总经理李泞被实施留置 董事长张亚代为履行总经理职责 ...

Core Viewpoint - Fund manager Wu Hao oversees two funds, with the best-performing fund being Huaxia High-end Manufacturing Mixed A (002345), which achieved a quarterly net value increase of 1.01% by the end of Q2 2025 [1]. Fund Performance Summary - Huaxia High-end Manufacturing Mixed A has a total scale of 9.11 billion, with an annualized return of 2.04% and a quarterly increase of 1.01%. The top holding is Guoguang Electric, accounting for 8.47% of the net value [2]. - Huaxia High-end Manufacturing Mixed C has a scale of 0.21 billion, with a negative annualized return of -9.01% and a quarterly increase of 0.86%, also holding Guoguang Electric at 8.47% [2]. - Wu Hao's management of Huaxia High-end Manufacturing Mixed A has yielded a cumulative return of 35.89% and an average annualized return of 6.19%. The fund has made 89 adjustments to its heavy holdings, with a success rate of 66.29% [2]. Stock Adjustment Cases - Notable stock adjustments include: - Trina Solar (天合光能) was bought in Q2 2021 and sold in Q3 2021, yielding an estimated return of 141.89% with a company revenue growth of 51.20% during the holding period [3][5]. - Tongwei Co., Ltd. (通威股份) was held from Q2 2020 to Q4 2020, achieving a return of 120.32% with a company performance increase of 36.95% [3]. - Tanfeng Communication (天孚通信) was held from Q2 2023 to Q2 2024, resulting in a return of 96.16% with a net profit growth of 84.07% [6]. Underperforming Stock Cases - Underperforming stocks include: - Green Harmony (绿的谐波) was held from Q4 2023 to Q3 2024, resulting in a return of -48.55% despite a revenue growth of 8.77% [4][6]. - Huayi Technology (华依科技) was held from Q4 2023 to Q2 2024, with a return of -44.46% and a performance increase of 20.36% [4].

Group 1 - The successful plasma ignition of the HHMAX-901 fusion device marks a significant breakthrough in China's exploration of commercial nuclear fusion [1] - The "controlled nuclear fusion" industry is gaining traction in the capital market, with over 20 companies participating in discussions about the supply chain and technological collaboration [1][4] - Controlled nuclear fusion is considered the ultimate energy source due to its abundant fuel, safety, environmental cleanliness, high energy density, and economic advantages [2] Group 2 - China is leading in nuclear fusion research, with significant achievements in various national scientific devices and projects like CFETR [3] - The controlled nuclear fusion industry in China includes multiple segments such as materials, main engines, systems, and applications, benefiting from technological advancements and collaborative innovation [4] - Companies like China Nuclear Power and Xibu Superconductor are playing crucial roles in the development and supply of materials and components for nuclear fusion projects [4][5] Group 3 - The focus on commercializing nuclear fusion technology requires overcoming challenges related to material costs and technological breakthroughs [5] - There is a strong emphasis on the need for financial support from the capital market and local governments to facilitate the expansion of production capacity and technological validation [5]

证券代码：688776 证券简称：国光电气 公告编号：2025-030 成都国光电气股份有限公司 股东减持股份结果公告 本公司董事会、全体董事及相关股东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： ? 大股东持股的基本情况 本次减持计划实施前，股东隆成（深圳）资产管理有限公司－成都天翊创业 股权投资基金合伙企业（有限合伙）（以下简称"天翊创投"）共计持有公司 天翊创投持有公司的上述股份均为公司首次公开发行前取得股份与公司 ? 减持计划的实施结果情况 计划公告》 | 资基金合伙企业（有限合伙） 控股股东、实控人及一致行动人 | | □是 | √否 | | --- | --- | --- | --- | | 直接持股 5%以上股东 | √是 | □否 | | 股东身份 | | 其他：无 | | | | --- | --- | --- | --- | | 持股数量 | 董事、监事和高级管理人员 5,870,693股 | □是 | √否 | （公告编号：2025-009）。因自身资金需要，股东天翊创投拟通过集中 竞价交易与大宗交易相 ...

证券代码：688776 证券简称：国光电气 公告编号：2025-030 成都国光电气股份有限公司 股东减持股份结果公告 本公司董事会、全体董事及相关股东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： 大股东持股的基本情况 本次减持计划实施前，股东隆成（深圳）资产管理有限公司－成都天翊创业 股权投资基金合伙企业（有限合伙）（以下简称"天翊创投"）共计持有公司 5,870,693 股股份，占总股本的 5.42%。 天翊创投持有公司的上述股份均为公司首次公开发行前取得股份与公司 2022 年度权益分派暨资本公积金转增股本取得的股份，该部分股份已于 2024 年 9 月 2 日全部解除限售并上市流通。 减持计划的实施结果情况 注："其他方式取得"为公司于 2023 年 6 月实施完成 2022 年年度权益分派，以资本公积金 向全体股东每 10 股转增 4 股取得的股份。 上述减持主体无一致行动人。 2 二、减持计划的实施结果 2025 年 3 月 19 日，公司披露了《成都国光电气股份有限公司股东减持股份 计划公告》（公告编号：202 ...

Group 1: Engineering Machinery - The engineering machinery industry is experiencing a cyclical recovery, with domestic demand showing signs of improvement and export growth driven by emerging markets such as Southeast Asia, Africa, and the Middle East [4][6] - Domestic engineering machinery demand is expected to continue its upward trend, supported by a peak in equipment replacement and increased investment in infrastructure projects, with local government bond issuance rising by 84% year-on-year in the first four months of 2025 [6] - The export value of engineering machinery reached USD 5.152 billion in April 2025, marking a year-on-year increase of 12.7%, with total exports from January to April amounting to USD 18.07 billion, up 9.01% year-on-year [6][8] Group 2: Semiconductor Equipment - The domestic semiconductor equipment industry is poised for expansion, with significant capital expenditure expected for 300mm wafer fabs in China, projected to exceed USD 100 billion from 2025 to 2027 [10][13] - The trend towards self-sufficiency in semiconductor equipment is accelerating, with low domestic localization rates in critical equipment categories, indicating substantial room for import substitution [11][13] - Investment opportunities are highlighted in companies such as Zhongwei Company, Northern Huachuang, and Quick Intelligent [13][25] Group 3: Industrial Mother Machines - The machine tool industry is on an upward cycle due to ongoing domestic substitution and increasing demand for high-end machine tools, with government policies supporting tax incentives and talent development [14][16] - Short-term performance improvements are anticipated as the industry enters a renewal phase [16] Group 4: Traditional Energy Equipment - The traditional energy equipment sector is benefiting from low oil inventories in the U.S. and the upcoming peak consumption season, which is expected to support rising oil prices [17][19] - Geopolitical factors, including U.S.-Iran negotiations and the Russia-Ukraine conflict, are influencing market dynamics [19] - Companies such as Nuwei Co., Xizhuang Co., and Jerry Co. are recommended for investment [19][25] Group 5: New Energy Equipment - The controlled nuclear fusion sector is witnessing increased capital expenditure and technological advancements, with a growing number of startups and active financing in the past five years [20][24] - Significant progress in nuclear fusion technology has been made, with multiple records achieved in plasma operation [24] - Investment opportunities include companies like Hezhuan Intelligent, Xizhuang Co., and Jingda Co. [24][25]