Group 1: Shanghai Portway - The company focuses on geotechnical engineering and aims for sustainable growth by seizing domestic and international market opportunities and adhering to technological innovation [1] - In the field of perovskite solar cells, the company has advantages in close cooperation between industry, academia, and research, top talent and patent advantages, differentiated technology routes, full-chain layout, and global support [1] - Perovskite materials offer high conversion efficiency and cost advantages, indicating a broad future market development space [1] - The company provides lightweight, low-cost, high-performance space energy system solutions for satellites and spacecraft, successfully applied in multiple satellites [1] - The theoretical design lifespan of the company's perovskite batteries can reach 20 years, covering the entire lifecycle power demand of satellites and other spacecraft [1] Group 2: *ST Chengchang - The company, as a front-end player in the industry chain, has sensed a significant acceleration in downstream procurement demand, with increased order volume and delivery pace [2] - The star-mounted T/R chips have achieved large-scale application in multiple satellite series, and low-orbit satellite communication chips have entered the stage of mass delivery [2] - Revenue in the airborne sector is growing rapidly, while ground projects are gradually entering mass production [2] - The company has completed the iterative research and development of satellite communication T/R chip solutions and plans for mass delivery, with optimistic market expectations [2] - Through cost reduction and efficiency enhancement measures, the company is confident in maintaining a reasonable gross margin [2] - The company plans to increase R&D investment and optimize supply chain management to ensure timely and high-quality order delivery [2]

Group 1: Financial Performance - The company expects to maintain high growth in revenue and net profit for the first half of 2025, with net profit projected between 48 million and 66 million CNY, and net profit excluding non-recurring gains and losses estimated between 45 million and 63 million CNY, marking a turnaround from losses in the previous year [2][3] - The company anticipates a rebound in gross profit margin compared to the same period last year, supported by cost reduction and efficiency improvement measures [3][6] Group 2: Market Demand and Project Execution - There is a strong recovery in downstream market demand, with significant acceleration in procurement plans and order volumes [3][4] - The company has seen a dual increase in orders and major projects across core business segments, including satellite, airborne, and ground applications, with key projects entering mass delivery phases [3][4] Group 3: Product Development and Innovation - The company has successfully developed low-cost, large-scale applications for its satellite T/R chip series, with high customer recognition and trust [4][5] - Continuous iteration of satellite communication T/R chip solutions is underway, with plans for mass delivery based on customer demand [5][6] Group 4: Strategic Planning and Future Outlook - The company has a detailed annual operational plan aimed at maintaining high growth in revenue and profitability, with a focus on R&D investment and market expansion [6] - Plans include optimizing supply chain management and enhancing production efficiency to ensure timely and high-quality delivery of customer orders [6]

Performance Forecast - The company expects a net profit of 48 million to 66 million yuan for the period from January 1, 2025, to June 30, 2025, compared to a loss of 24.28 million yuan in the same period last year, indicating a growth of 297.67% to 371.80% [1] - The net profit after deducting non-recurring gains and losses is projected to be 45 million to 63 million yuan, compared to a loss of 33.70 million yuan last year, reflecting a growth of 233.54% to 286.96% [1] - Basic earnings per share are expected to be between 0.25 yuan and 0.35 yuan, compared to a loss of 0.1193 yuan per share in the previous year [1] Industry Demand and Business Performance - The industry is experiencing a rapid recovery in demand, with the company benefiting from increased market demand and the steady rise in the penetration of phased array technology across various applications [2] - The company has strengthened its business layout and established solid relationships with customers, leading to significant growth in orders and major projects during the reporting period [2] - The company has successfully achieved high-speed revenue growth in the first quarter of 2025 and has turned losses into profits, supported by effective measures taken to accelerate business development [3] Operational Efficiency and Competitive Advantage - The company has improved research and development efficiency and reduced costs, leading to a higher success rate for pre-research projects and product conversion rates [2] - Increased automation and significant capacity expansion have resulted in scale effects, continuously diluting costs and expenses [2] - The company has developed a new generation of T/R chips with breakthroughs in integration, power optimization, and cost control, enhancing its core technology barriers in phased array radar and satellite communication [2] Future Plans - The company plans to continue aligning with market demands and technological trends, increasing R&D investment, and expanding into emerging application markets [3] - The company aims to optimize supply chain management and deepen automation applications to consolidate and expand its competitive advantages [3] - The company has already planned and implemented capacity layouts to ensure timely and high-quality delivery of customer orders [3]

[Zhejiang Chengchang Technology Co., Ltd. 2025 Semi-Annual Performance Forecast](index=1&type=section&id=Zhejiang%20Chengchang%20Technology%20Co.%2C%20Ltd.%202025%20Semi-Annual%20Performance%20Forecast) The company anticipates a significant turnaround to profitability in the first half of 2025, driven by strong net profit growth [Performance Forecast Overview](index=1&type=section&id=I.%20Current%20Period%20Performance%20Forecast) The company projects a significant turnaround to profitability in the first half of 2025, with substantial year-on-year growth in net profit attributable to shareholders and net profit after deducting non-recurring gains and losses Key Data from 2025 Semi-Annual Performance Forecast | Item | Current Reporting Period (January 1 - June 30, 2025) | Prior Period | | :--- | :--- | :--- | | **Net Profit Attributable to Shareholders** | Profit: 48.00 million CNY – 66.00 million CNY | Loss: -24.28 million CNY | | Year-on-Year Growth | 297.67% – 371.80% | - | | **Net Profit After Deducting Non-Recurring Gains and Losses** | Profit: 45.00 million CNY – 63.00 million CNY | Loss: -33.70 million CNY | | Year-on-Year Growth | 233.54% – 286.96% | - | | **Basic Earnings Per Share** | Profit: 0.2500 CNY/share – 0.3500 CNY/share | Loss: -0.1193 CNY/share | [Analysis of Performance Changes](index=1&type=section&id=III.%20Explanation%20of%20Performance%20Changes) The company's turnaround to profitability is primarily attributed to external industry demand recovery and internal operational efficiency improvements - During the reporting period, the company's operating revenue is expected to significantly increase compared to the prior period, with a substantial improvement in operational efficiency, achieving a turnaround to profitability[5](index=5&type=chunk) [External Opportunities: Industry Recovery and Market Expansion](index=1&type=section&id=(I)%20Rapid%20Recovery%20of%20Industry%20Demand%20and%20Significant%20Achievements%20in%20Business%20Layout) The company benefited from warming downstream market demand and increased phased array technology penetration, leading to growth in order backlog and major projects entering mass delivery - Benefiting from the sustained warming and accelerating growth of downstream market demand, and the steady increase in the penetration rate of phased array technology across various application fields[5](index=5&type=chunk) - The company's order backlog and number of major projects have increased, with several key projects in core business areas progressively entering mass delivery as planned[5](index=5&type=chunk) [Internal Drivers: Operational Efficiency and Product Innovation](index=2&type=section&id=(II)%20Sustained%20Improvement%20in%20Operational%20Efficiency%20and%20Product%20Competitiveness) The company effectively reduced costs through improved R&D efficiency and expanded production capacity, while breakthroughs in new generation T/R chips strengthened core technological barriers and overall product competitiveness - Company costs and expenses continue to be diluted through improved R&D efficiency, automation, and economies of scale from capacity expansion[6](index=6&type=chunk) - Breakthroughs in integration, power consumption optimization, and cost control for the new generation T/R chips have strengthened the company's core technological barriers in phased array radar, satellite communication, and other fields[6](index=6&type=chunk) - The company achieved a turnaround to profitability in the first quarter of 2025, and the second quarter is expected to continue the business development momentum, maintaining high-speed growth in revenue and net profit[6](index=6&type=chunk) [Risk Warning and Other Disclosures](index=1&type=section&id=IV.%20Other%20Relevant%20Disclosures) This performance forecast is a preliminary estimate by the finance department, unaudited by an accounting firm, with final data to be disclosed in the 2025 semi-annual report - This performance forecast is unaudited by an accounting firm[4](index=4&type=chunk) - Specific financial data will be detailed in the company's 2025 semi-annual report; investors are advised to exercise caution and be aware of investment risks[8](index=8&type=chunk)

证券代码：001270 证券简称：*ST铖昌 公告编号：2025-030 2、2024 年 4 月 27 日，公司于指定信息披露媒体《证券时报》《证券日报》 《 中 国 证 券 报 》《 上 海 证 券 报 》《 经 济 参 考 报 》 和 巨 潮 资 讯 网 （http://www.cninfo.com.cn）披露了《浙江铖昌科技股份有限公司关于独立董事 公开征集投票权的公告》，独立董事蒋国良先生作为征集人就公司拟定于 2024 年 5 月 13 日召开的 2024 年第二次临时股东大会审议的本次激励计划相关议案向公 司全体股东征集表决权。 3、2024 年 4 月 28 日至 2024 年 5 月 7 日，公司对本次激励计划首次授予激励 对象的姓名及职务在公司内部进行了公示。截至公示期满，公司监事会未收到针 对本次激励计划首次授予激励对象名单人员的异议。公司于 2024 年 5 月 8 日披露 了《浙江铖昌科技股份有限公司监事会关于 2024 年限制性股票激励计划激励对 象名单的核查意见及公示情况说明》。 浙江铖昌科技股份有限公司 关于2024年限制性股票激励计划预留授予登记完成的公告 本公司及董事会全体 ...

Market Overview - As of 10:30 AM today, the Shanghai Composite Index stands at 3352.43 points, above the six-month moving average, with a change of 0.15% [1] - The total trading volume of A-shares today is 568.946 billion yuan [1] Stocks Performance - A total of 138 A-shares have surpassed the six-month moving average today, with notable stocks showing significant deviation rates [1] - The stocks with the highest deviation rates include: - Dahongli (300865) with a deviation rate of 17.40%, closing at 27.74 yuan, up 19.98% [1] - Huaxi Biological (688363) with a deviation rate of 6.97%, closing at 54.41 yuan, up 7.87% [1] - *ST Chengchang (001270) with a deviation rate of 5.20%, closing at 36.55 yuan, up 5.00% [1] Additional Stocks with Notable Performance - Other stocks with significant performance include: - Zhejiang Shuwenhua (600633) with a deviation rate of 5.17%, closing at 13.62 yuan, up 5.66% [1] - Gehua Cable (600037) with a deviation rate of 4.76%, closing at 7.73 yuan, up 6.47% [1] - Stocks with smaller deviation rates that have just crossed the six-month line include Aotai Biological, Chitianhua, and Emei Mountain A [1]

Group 1 - The company Zhejiang Chengchang Technology Co., Ltd. has completed the registration of its initial public offering (IPO) and the shares were listed on June 6, 2022, with a total of 27,953,500 shares issued [1][2] - Following the IPO, the total share capital increased from 111,812,946 shares to 156,538,124 shares due to a capital reserve conversion, with a subsequent increase to 203,499,561 shares after another capital reserve conversion [1][2] - As of the latest announcement, the total share capital stands at 207,256,561 shares, with 51.0790% being unrestricted circulating shares [4] Group 2 - Two shareholders have applied for the lifting of share restrictions, adhering to the commitments made during the IPO process [4][11] - The commitments include not transferring or managing shares held prior to the IPO for a period of 36 months and extending the lock-up period if certain conditions regarding share price are met [5][9] - The company has confirmed that the shareholders have not occupied company funds or engaged in any violations regarding guarantees [11][12] Group 3 - The company has outlined the arrangements for the listing and circulation of the restricted shares, with a total of 102,107,598 shares being released, representing 49.27% of the total share capital [11] - The company has received a verification opinion from the sponsor, Guosen Securities Co., Ltd., confirming that the lifting of share restrictions complies with relevant regulations and that the information disclosed is accurate and complete [12][13]

证券代码：001270 证券简称：*ST铖昌 公告编号：2025-029 浙江铖昌科技股份有限公司 首次公开发行前已发行股份上市流通提示性公告 本公司及董事会全体成员保证信息披露的内容真实、准确和完整，没有虚 假记载、误导性陈述或者重大遗漏。 特别提示： 1、浙江铖昌科技股份有限公司（以下简称"公司"或"铖昌科技"）本次解除限 售的股份为公司首次公开发行前已发行的部分股份，限售起始日期为 2022 年 6 月 6 日，发行时承诺限售期为 36 个月； 2、本次解除限售股份的股东共有 2 名，合计解除限售的股份数量为 102,107,598 股，占公司总股本的 49.2663%； 3、本次解除限售股份的上市流通日期为 2025 年 6 月 6 日（星期五）。 一、首次公开发行股份情况 经中国证券监督管理委员会《关于核准浙江铖昌科技股份有限公司首次公开 发行股票的批复》（证监许可〔2022〕946 号）核准，公司首次公开发行人民币普 通股 27,953,500 股，并经深圳证券交易所《关于浙江铖昌科技股份有限公司人民 币普通股股票上市的通知》（深证上〔2022〕541 号）同意，公司发行的人民币普 通股股票于 2 ...

国信证券股份有限公司 关于浙江铖昌科技股份有限公司 首次公开发行前已发行股份上市流通的核查意见 国信证券股份有限公司（以下简称"国信证券"、"保荐机构"）作为浙江铖 昌科技股份有限公司（以下简称"铖昌科技"、"公司"）首次公开发行股票并上 市的保荐机构，根据《证券发行上市保荐业务管理办法》《深圳证券交易所股票 上市规则（2025 年修订）》《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（2025 年修订）》等文件的规定，国信证券对铖昌科技首 次公开发行前已发行股份将上市流通事项进行了核查，核查情况如下： 一、公司股票发行及股本变动情况 （一）首次公开发行股票情况 经中国证券监督管理委员会《关于核准浙江铖昌科技股份有限公司首次公开 发行股票的批复》（证监许可〔2022〕946 号）核准，公司首次公开发行人民币普 通股 27,953,500 股，并经深圳证券交易所《关于浙江铖昌科技股份有限公司人民 币普通股股票上市的通知》（深证上〔2022〕541 号）同意，公司发行的人民币普 通股股票于 2022 年 6 月 6 日在深圳证券交易所上市，新股发行后公司总股本由 83,859,446 股 ...

Trade and Policy Updates - The U.S. has extended the tariff exemptions on certain products related to the Section 301 investigation into China's practices regarding technology transfer, intellectual property, and innovation, now set to expire on August 31, 2025, instead of May 31, 2025 [1] Aviation Industry - Starting from June 5, 2025, domestic airlines will adjust the fuel surcharge for passenger transport, with routes under 800 kilometers exempt from the surcharge, while those over 800 kilometers will incur a fee of 10 yuan per passenger per segment [2] Artificial Intelligence Sector - The 2025 Global Artificial Intelligence Technology Conference (GAITC 2025) will be held in Hangzhou on June 7-8, focusing on themes of "crossing, integration, mutual growth, and win-win" [4] - CITIC Securities reports that the process of re-evaluating the value of China's technology industry is ongoing, recommending investors to pay attention to the expansion of the AI ecosystem and the investment opportunities arising from its application in various sectors [4] Nuclear Energy Sector - The Second Tianfu Nuclear Fusion Forum will take place in Chengdu on June 5-6, highlighting the growing global focus on energy security and the increasing demand for electricity [5] - Zhongtai Securities emphasizes the advantages of controlled nuclear fusion over fission, including a more abundant fuel supply, higher energy density, and greater safety [5] - Key projects in China include CFETR, BEST, and HL-3, with ongoing construction of hybrid reactors like "Spark One" and Z-ZFR [5] Stock Market and Share Unlocking - This week, 38 companies will have their locked shares released, totaling 2.276 billion shares with a market value of 26.666 billion yuan, a significant increase of 122.18% compared to the previous week [7] - The largest unlock is from Chip导科技, with a value of 4.259 billion yuan, accounting for 15.97% of the total unlock this week [7][8] New Stock Listings - Only one new stock, Haiyang Technology, is available for subscription this week, with an IPO price of 11.50 yuan and a subscription limit of 14,500 shares [10] Market Outlook - Galaxy Securities suggests that the A-share market may continue to experience fluctuations, with a focus on external tariff changes and domestic policy implementation [14] - The report highlights three main investment themes: high-margin assets, technology sector opportunities, and consumer sectors boosted by policy support [14] - Xingzheng Strategy indicates that the market may see a shift towards technology growth stocks in June, as historical trends suggest a favorable performance for this sector during this period [15]