Group 1 - The independent director Zhou Langbo has submitted his resignation from the company's board due to personal reasons [1] - Zhou Langbo's resignation will not affect the minimum number of board members required by law and will not significantly impact the company's daily operations [1] - The resignation will create a vacancy for an accounting professional among the independent directors, and the company will expedite the nomination and election of a new independent director [1] Group 2 - The company expresses gratitude for Zhou Langbo's contributions during his tenure [2]

证券代码：000032 证券简称：深桑达A 公告编号：2025-036 深圳市桑达实业股份有限公司 关于出售中电（淄博）能源科技发展有限公司 80%股权进展的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记 载、误导性陈述或重大遗漏。 一、交易概述 为进一步聚焦主责主业，提升经营质量，实现高质量发展目标，深圳市桑 达实业股份有限公司（以下简称"公司""上市公司"）第九届董事会第三十 四次会议审议通过了《关于拟出售中电（淄博）能源科技发展有限公司 80%股 权的议案》，同意下属中国电子系统技术有限公司（以下简称"中国系统"）公 开挂牌转让所持中电（淄博）能源科技发展有限公司（以下简称"中电淄博"） 80%股权，转让完成后，中电淄博将不再纳入公司合并报表范围。（详见公告： 2024-058） 二、交易进展 根据国有资产交易监督管理办法，因首次挂牌期间未产生意向受让方，中 国系统以不低于中电淄博股权评估值 90%的价格进行了二次挂牌，最终征得的 一个意向受让方淄博跃晟能源有限公司（以下简称"淄博跃晟"）为最终的受让 方，交易价格为 13,012.83 万元人民币。目前，中国系统已与淄博跃晟 ...

证券代码：000032 证券简称：深桑达 A 公告编号：2025-035 深圳市桑达实业股份有限公司 关于独立董事离任的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、 误导性陈述或重大遗漏。 一、离任情况 深圳市桑达实业股份有限公司（以下简称"公司"）董事会于近日收到公司独 立董事周浪波先生提交的书面辞职报告。 周浪波先生因个人原因，提请辞去公司第九届董事会董事，董事会审计与风险 管理委员会主任委员、信息披露委员会委员职务。周浪波先生辞职后，不再担任公 司及子公司任何职务。截至本公告出具日，周浪波先生未持有公司股票。周浪波先 生不存在应履行而未履行的承诺事项。 根据《公司法》《公司章程》相关规定，周浪波先生的辞职不会导致公司董事 会人数低于法定最低人数，不会对公司日常经营管理造成重大影响。周浪波先生的 辞职将导致公司独立董事中缺少会计专业人士，根据《上市公司独立董事管理办法》 《深圳证券交易所上市公司自律监管指引第 1 号——主板上市公司规范运作》等 法律法规的要求以及《公司章程》的规定，周浪波先生的辞职报告将在公司选举产 生新任独立董事后生效。在此期间，周浪波先生仍将按照有关 ...

Core Insights - The report emphasizes a focus on the technology sector for investment opportunities, particularly in growth stocks, as the market index has shown upward momentum [2][6]. - The report outlines a selection of ten key stocks, highlighting their respective industries, market capitalizations, earnings per share (EPS) forecasts, and price-to-earnings (PE) ratios for 2026 and 2027 [2][68]. Group 1: Key Stock Recommendations - **Neway Valve (603699.SH)**: A leading global industrial valve manufacturer, benefiting from a surge in LNG and marine engineering sectors, with expected overseas order growth of over 50% year-on-year in the first half of 2025 [11][12]. - **Yongxing Environmental (601033.SH)**: The sole operator of waste incineration in Guangzhou, with a projected capacity utilization rate of 79% and a commitment to high dividends, expecting a 174% increase in free cash flow in 2024 [17][18]. - **Aerospace Electronics (600879.SH)**: Focused on aerospace electronics and unmanned systems, with anticipated high growth driven by the commercial space industry and demand for satellite communication technologies [26][27]. - **Miaokelando (600882.SH)**: Positioned for long-term growth in the dairy sector, with a focus on product innovation and cost management, expecting significant revenue growth in the upcoming quarters [31][32]. - **Laopu Gold (6181.HK)**: A high-end gold jewelry brand with strong revenue growth, projected to achieve 8.51 billion yuan in revenue in 2024, benefiting from the expanding market for traditional gold products [36][38]. - **Jingzhida (688627.SH)**: Engaged in the semiconductor testing equipment sector, with significant market potential and expected strong performance due to key customer orders [42][43]. - **Shensanda A (000032.SZ)**: Positioned to benefit from the increasing demand for AI infrastructure and applications, with a strong foothold in public data services [47][48]. - **Sanqi Interactive (002555.SZ)**: Anticipating strong performance from new game releases, particularly the upcoming "Douluo Dalu: Hunting Soul World," with high player interest [53][56]. - **CATL (300750.SZ)**: Expected to maintain strong profit growth, with projected net profits of 66.1 billion yuan in 2025, driven by increasing demand for electric vehicle batteries [59][60]. - **Borui Pharmaceutical (688166.SH)**: Forecasted to achieve net profits of 2.6 billion yuan in 2025, with significant potential in the Amylin pipeline, which has attracted substantial investment interest [63][64]. Group 2: Financial Data Overview - The report provides detailed financial forecasts for the ten key stocks, including projected revenues and net profits for 2025 to 2027, highlighting the growth potential across various sectors [68]. - For instance, Neway Valve is expected to generate 74.53 billion yuan in revenue in 2025, with a net profit of 14.49 billion yuan, reflecting strong operational performance [68]. - CATL's projected revenue for 2025 is 472.43 billion yuan, with a net profit forecast of 66.13 billion yuan, indicating robust growth in the electric vehicle battery market [68].

Group 1 - The A-share market is experiencing an upward trend driven by the fintech sector, with the Shanghai Composite Index surpassing 3450 points [1] - The AI sector saw significant gains, with stocks in the AI ETF (515070) such as Lexin Technology and Shenzhen Sanda A rising over 5% [1] - A joint opinion from six departments emphasizes the need to strengthen the financial foundation of the macro economy, support employment and income growth, optimize insurance protection, and actively cultivate consumer demand [1] Group 2 - According to Shenwan Hongyuan Securities, the download volume of domestic open-source large models has increased by 300% year-on-year, with the developer community exceeding 2 million, significantly lowering the application threshold for small and medium-sized enterprises [1] - Cloud vendors are upgrading from Infrastructure as a Service (IaaS) to scenario-based services through Model as a Service (MaaS), with the growth rate of derivative markets such as fine-tuning toolchains and evaluation platforms reaching 60% [1] - The open-source ecosystem is shifting the industry from "model competition" to "service ecosystem competition," accelerating the commercialization process of long-tail scenarios [1] Group 3 - The AI ETF (515070) tracks the CS Artificial Intelligence Theme Index (930713), selecting component stocks that provide technology, basic resources, and application end stocks for artificial intelligence [1] - The top ten weighted stocks in the ETF include leading domestic technology companies such as Cambricon Technologies, Hikvision, and iFLYTEK [1]

证券代码：000032 证券简称：深桑达 A 公告编号：2025-034 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、 误导性陈述或重大遗漏。 一、离任情况 深圳市桑达实业股份有限公司（以下简称"公司"）董事会于近日收到公司董 事兼高级副总裁陈士刚先生提交的书面辞职报告。 陈士刚先生因工作变动原因，提请辞去公司第九届董事会董事，董事会战略委 员会委员、信息披露委员会委员，以及公司高级副总裁职务。陈士刚先生辞职后， 仍担任公司子公司中电云计算技术有限公司董事长兼总裁、中国电子系统技术有 限公司执行董事、深圳市桑达无线通讯技术有限公司董事长、中乾思创(北京)科技 有限公司董事长职务。截至本公告出具日，陈士刚先生直接持有公司股票 48,595,470 股，并通过横琴宏德嘉业投资中心（有限合伙）、横琴宏图嘉业投资 中心（有限合伙）间接持有公司股票，相关股份将继续按照《深圳证券交易所股票 上市规则》《深圳证券交易所上市公司自律监管指引第 10 号——股份变动管理》 等法律法规及规范性文件的有关规定进行管理。陈士刚先生不存在应履行而未履 行的承诺事项。 根据《公司法》《公司章程》相关规定，陈士 ...

深桑达A公告，公司董事会收到董事兼高级副总裁陈士刚的书面辞职报告。陈士刚因工作变动提请辞去 相关职务，辞职后仍担任公司子公司中电云计算技术有限公司董事长兼总裁等职务。陈士刚直接持有公 司股票4859.55万股，并通过横琴宏德嘉业投资中心(有限合伙)、横琴宏图嘉业投资中心(有限合伙)间接 持有公司股票。辞职不会导致董事会人数低于法定最低人数，不会对公司日常经营管理造成重大影响。 ...

Core Insights - The 20% equity stake in Qianhai United Property Insurance Co., Ltd. held by Jushenghua is set for judicial auction with a starting price of 30.8 million yuan, while the estimated value is 44 million yuan [2] - Qianhai Insurance reported total assets of 3.223 billion yuan, net assets of 261 million yuan, revenue of 432 million yuan, and a net loss of 103 million yuan for the year 2024 [2] - The solvency adequacy ratio for Qianhai Insurance decreased by 2.53 percentage points year-on-year to 108.73% due to underwriting losses [2] - The company received a risk comprehensive rating of C in its first quarter report for 2025, indicating regulatory concerns [2] Company Overview - Qianhai Insurance is a national property insurance company established in May 2016, with a registered capital of 1 billion yuan, primarily engaged in various insurance services [3] - The company was founded by Jushenghua and several other firms, each holding a 20% stake [3] - Jushenghua is a key capital operation platform under the Baoneng Group, which has faced financial difficulties leading to multiple asset auctions [3] Recent Developments - The recent leadership change at Qianhai Insurance saw the resignation of General Manager Li Gongni, who served for only 15 months [2] - The Baoneng Group's financial issues have led to the auctioning of various assets, including Qianhai Insurance's equity and other holdings like Qianhai United Fund and Guanzhi Automobile [3][4] - A previous auction of a 30% stake in Qianhai United Fund by Jushenghua resulted in a sale price significantly below the estimated value, indicating distressed asset conditions [4]

Core Viewpoint - The news discusses the approval and subsequent release of restricted shares for Shenzhen Sanda Industrial Co., Ltd. as part of its asset acquisition and fundraising activities, highlighting the performance commitments and the financial implications of the transaction [1][2]. Summary by Sections 1. Basic Situation of Restricted Shares Release - Shenzhen Sanda Industrial Co., Ltd. received approval from the China Securities Regulatory Commission to issue shares for asset acquisition and to raise up to RMB 2 billion [1]. - A total of 658,011,817 shares were issued to 15 parties, with 164,816,394 shares having a 12-month lock-up period that ended on May 18, 2022 [1][2]. 2. Listing and Circulation of Restricted Shares - The released shares include 493,195,423 shares from 10 parties, representing 43.34% of the company's total share capital, with 456,748,821 shares available for circulation, accounting for 40.14% of the total [2][3]. 3. Company Performance Commitments - The performance commitments for the acquired entity, referred to as "China System," include net profit targets of at least RMB 520 million, RMB 640 million, RMB 800 million, and RMB 870 million for the years 2021 to 2024, respectively [20][21]. 4. Compensation Mechanism for Performance Shortfalls - If the actual net profit falls short of the commitments, a compensation mechanism is in place, which includes the issuance of additional shares to cover the shortfall based on a specific formula [22][23]. 5. Changes in Share Capital Structure - Following the release of restricted shares, the total share capital remains at 1,137,959,234 shares, with no changes in the overall structure [6]. 6. Commitments to Maintain Independence - The involved parties have made commitments to maintain the operational, asset, personnel, and financial independence of Shenzhen Sanda, ensuring no illegal interference or resource occupation occurs [17][18].

Core Viewpoint - Shenzhen Sanda Industrial Co., Ltd. has announced the lifting of restrictions on the sale of shares issued for asset acquisition, allowing for the circulation of a significant portion of its shares following the fulfillment of performance commitments by the acquired entity [1][2][7]. Summary by Relevant Sections 1. Basic Situation of the Lifting of Restrictions - The company issued 658,011,817 shares to acquire assets, with 493,195,423 shares (43.34% of total shares) being released from restrictions after meeting performance commitments [1][2]. - The acquired entity, China System, achieved a cumulative net profit of 293,154.49 million yuan from 2021 to 2024, exceeding the promised 283,000 million yuan [1][7]. 2. Listing and Circulation Arrangement of Restricted Shares - A total of 456,748,821 shares (40.14% of total shares) are now available for circulation following the lifting of restrictions [2]. 3. Changes in Share Capital Structure - The total share capital remains at 1,137,959,234 shares, with no changes in the overall structure despite the lifting of restrictions [2]. 4. Commitments Made by Shareholders - Shareholders have committed to maintaining the independence of Sanda's operations, assets, personnel, and financial management, ensuring no illegal interference from controlling entities [7][8][27]. - The commitments include avoiding related party transactions and ensuring that the financial accounting department operates independently [7][8][27]. 5. Performance Commitments - China System's net profit commitments for the years 2021 to 2024 are set at 52,000 million yuan, 64,000 million yuan, 80,000 million yuan, and 87,000 million yuan respectively [13][30]. - The company will conduct audits to verify the fulfillment of these commitments and will issue compensation if the actual profits fall short [30][32]. 6. Lock-up Period for Shares - The shares acquired through this transaction are subject to a lock-up period of 36 months, with extensions possible if certain conditions regarding stock price are met [19][34].