Core Viewpoint - The launch of the iPhone Air, featuring eSIM technology, is expected to stimulate demand for new mobile devices and potentially trigger a wave of upgrades in the smartphone market [4][6]. Group 1: eSIM Technology Overview - eSIM, or embedded SIM, is a new generation SIM card standard that allows for remote configuration and management of mobile networks without the need for a physical SIM card slot [4]. - The introduction of eSIM in the iPhone Air is seen as a significant move that could lead to increased adoption of eSIM technology across the industry [4][5]. Group 2: Market Impact and Industry Response - The iPhone Air's adoption of eSIM technology is anticipated to drive domestic smartphone manufacturers to follow suit, potentially leading to a new wave of smartphone upgrades [4]. - Industry experts express caution, noting that the complexity of eSIM activation compared to traditional SIM cards may affect user acceptance [4][5]. Group 3: Current State of eSIM in China - Currently, China Unicom is the only supported operator for iPhone eSIM in mainland China, while China Mobile and China Telecom are preparing to launch their eSIM services [2][3]. - The domestic eSIM ecosystem has developed a complete supply chain, covering chips, modules, platforms, and operators, and is applicable in various sectors including consumer electronics and IoT [4][5]. Group 4: Company Developments in eSIM - Unisoc Microelectronics is a leading player in the domestic eSIM market, with solutions already in commercial use across multiple countries and supporting over 400 operators [6]. - Hengbao Co., Ltd. has reported that its eSIM technology covers consumer electronics and IoT devices, aligning with global eSIM standards [6]. - Chutianlong Co., Ltd. is enhancing its eSIM product line and service capabilities to expand its domestic and international business [7].

证券代码：002104 证券简称：恒宝股份 公告编号：2025-042 恒宝股份有限公司 关于全资子公司变更经营范围并完成工商备案登记的公 告 本公司及董事会全体成员保证公告内容的真实、准确和完整，不存在虚假记 载、误导性陈述或者重大遗漏。 恒宝股份有限公司（以下简称"公司"）于近日收到全资子公司江苏镇江云宝科技 产业发展有限公司的通知，因业务发展及经营需要，江苏镇江云宝科技产业发展有限公 司于近日进行了经营范围的变更，相关工商变更登记手续已完成，并取得了由丹阳市政 务服务管理办公室换发的《营业执照》，具体变更信息如下： | | 变更前 | 变更后 | | --- | --- | --- | | | 一般项目：技术服务、技术开发、技 | 一般项目：技术服务、技术开发、技 | | | 术咨询、技术交流、技术转让、技术 | 术咨询、技术交流、技术转让、技术 | | | 推广；创业空间服务；信息技术咨询 | 推广；创业空间服务；信息技术咨询 | | | 服务；信息咨询服务（不含许可类信 | 服务；信息咨询服务（不含许可类信 | | 经 营 | 息咨询服务）（除依法须经批准的项 | 息咨询服务）；信息安全设备制造； ...

Core Insights - On September 2, 2023, a total of 44 stocks appeared on the Dragon and Tiger list, with 17 stocks having the presence of Shenzhen Stock Connect dedicated seats among the top five trading departments [1][2] - Notable net purchases were made in Jianghai Co., Ltd., Siling Co., Ltd., and Zhongyou Capital, with net buying amounts of 233.93 million yuan, 87.59 million yuan, and 72.32 million yuan respectively [1][2] - Significant net sales were observed in Hengbao Co., Ltd., Liou Co., Ltd., and Xuanji Information, with net selling amounts of 276.86 million yuan, 148.74 million yuan, and 132.32 million yuan respectively [1][2] Summary by Category Net Purchases - Jianghai Co., Ltd. (Code: 002484) had a net purchase of 233.93 million yuan, with a daily price change of -9.99% and a turnover rate of 15.85% [2] - Siling Co., Ltd. (Code: 301550) saw a net purchase of 87.59 million yuan, with a daily price increase of 11.32% and a turnover rate of 17.69% [2] - Zhongyou Capital (Code: 000617) recorded a net purchase of 72.32 million yuan, with a daily price change of -10.02% and a turnover rate of 3.45% [2] Net Sales - Hengbao Co., Ltd. (Code: 002104) experienced the highest net sale of 276.86 million yuan, with a daily price change of -9.99% and a turnover rate of 39.67% [2] - Liou Co., Ltd. (Code: 002131) had a net sale of 148.74 million yuan, with a daily price change of 1.04% and a turnover rate of 34.11% [2] - Xuanji Information (Code: 300324) recorded a net sale of 132.32 million yuan, with a daily price change of 1.55% and a turnover rate of 39.32% [2]

Core Insights - On September 2, the Shanghai Composite Index fell by 0.45%, with institutional investors appearing on the trading lists of 28 stocks, net buying 13 and net selling 15 [1][2]. Institutional Trading Summary - The stock with the highest net buying by institutional seats was Lioo Co., which closed up 1.04% with a turnover rate of 34.11% and a transaction volume of 11.93 billion [2][5]. - The stock with the largest net selling was Jingwang Electronics, which saw a drop of 10.00% and a net selling amount of 290.28 million [3][6]. Stock Performance - Stocks with significant institutional net buying included: - Lioo Co.: Net buying of 222.45 million, closing up 1.04% [5]. - Giant Wheel Intelligent: Net buying of 91.08 million, closing up 10.01% [3][5]. - Slin Co.: Net buying of 86.56 million, closing up 11.32% [5]. - Stocks with significant institutional net selling included: - Jingwang Electronics: Net selling of 290.28 million, closing down 10.00% [6][9]. - Innovation Medical: Net selling of 216.24 million, closing down 3.33% [6][9]. - Hengbao Co.: Net selling of 138.32 million, closing down 9.99% [6][9]. Market Trends - The average increase for stocks with institutional net buying was 4.58%, outperforming the Shanghai Composite Index [3]. - The probability of stocks with institutional net buying rising the next day was 49.35%, with a 46.43% chance of outperforming the index [3]. Stock Connect Activity - On September 2, 27 stocks on the trading list had either Shanghai or Shenzhen Stock Connect participation, with notable net buying in Jianghai Co. (234.93 million), Jingwang Electronics (192.38 million), and Cambridge Technology (105.22 million) [7][8].

Core Viewpoint - On September 2, the Shanghai Composite Index fell by 0.45%, the Shenzhen Component Index dropped by 2.14%, and the ChiNext Index decreased by 2.85%, indicating a bearish market trend [1][2]. Market Activity - A total of 51 stocks appeared on the "Dragon and Tiger List" due to significant price movements, with the highest net inflow of funds into Jilun Intelligent (002031.SZ) amounting to 437 million yuan, representing 15.13% of the total trading volume [2][4]. - Jilun Intelligent's stock price increased by 10.01% with a turnover rate of 17.48% on the same day [2][4]. - Conversely, Hengbao Co., Ltd. (002104.SZ) experienced the largest net outflow of funds, totaling 537 million yuan, which accounted for 8.22% of its total trading volume, and its stock price fell by 9.99% [2][5]. Institutional Activity - Among the 28 stocks on the Dragon and Tiger List with institutional involvement, institutions net sold 128 million yuan, buying 13 stocks and selling 15 [5][6]. - The stock with the highest net purchase by institutions was Liou Co., Ltd. (002131.SZ), which rose by 1.04% with a turnover rate of 34.11% [6][7]. Northbound Capital Flow - Northbound capital participated in 27 stocks on the Dragon and Tiger List, with a total net inflow of 53.45 million yuan, where the Shanghai Stock Connect saw a net inflow of 62.30 million yuan, while the Shenzhen Stock Connect had a net outflow of 8.85 million yuan [10][11]. - The stock with the highest net purchase from northbound capital was Jianghai Co., Ltd. (002484.SZ), with a net inflow of 234 million yuan, while Hengbao Co., Ltd. had the largest net outflow of 277 million yuan [11][14]. Summary of Key Stocks - Jilun Intelligent: Net buy of 437 million yuan, price increase of 10.01% [2][4]. - Hengbao Co., Ltd.: Net sell of 537 million yuan, price decrease of 9.99% [2][5]. - Liou Co., Ltd.: Net buy of 222 million yuan, price increase of 1.04% [6][7]. - Jianghai Co., Ltd.: Net buy of 234 million yuan from northbound capital, price decrease of 9.99% [11][14].

Market Overview - On September 2, the A-share major indices collectively adjusted, with a total trading volume of 2.91 trillion yuan, an increase of 134.8 billion yuan compared to the previous trading day [1] - The CPO concept experienced a significant pullback, while sectors such as communication equipment and semiconductors saw substantial declines. Conversely, the banking, precious metals, and robotics sectors rose against the trend [1] Stock Performance - A total of 44 stocks hit the daily limit up, with 13 stocks achieving consecutive limit-ups. The limit-up rate was 52% (excluding ST and delisted stocks) [3] - Notable stocks included Tianpu Co., which achieved an 8-day consecutive limit-up, and robotics concept stocks like Kosen Technology and Kaidi Co., which had 7 and 5 consecutive limit-ups, respectively [3] Key Stocks and Trading Data - Tianpu Co. reached a price of 57.10 yuan, with a 10% increase and an 8-day consecutive limit-up [4] - Changchun High-tech reported a 10% increase to 124.71 yuan, with a trading volume of 27.34 billion yuan and a turnover rate of 5.53% [6] - Supply and Marketing Cooperative achieved a 9.84% increase to 2.68 yuan, with a trading volume of 20.67 billion yuan [6] Institutional Trading - The top three net purchases on the daily leaderboard were Jilun Intelligent, Changchun High-tech, and Supply and Marketing Cooperative, with net purchases of 437 million yuan, 275 million yuan, and 258 million yuan, respectively [5] - The top three net sales were Hengbao Co., Wolong Electric Drive, and Liou Co., with net sales of 537 million yuan, 494 million yuan, and 259 million yuan, respectively [5] Sector Highlights - Wolong Electric Drive is focusing on humanoid robots and has reported a 36.76% year-on-year increase in net profit for the first half of 2025, amounting to 537 million yuan [17] - Changchun High-tech's revenue for the first half of 2025 was approximately 6.60 billion yuan, a year-on-year decline of 0.54%, with a net profit of about 983 million yuan, down 42.85% [10] - Supply and Marketing Cooperative is positioned as a national urban-rural circulation infrastructure operator, with a focus on smart supply chain transformation and a 105.47% year-on-year increase in online retail revenue for its commodity trading business in 2024 [13]

| 代码 | 简称 | 今日涨跌幅（%） | 今日换手率（%） | 主力资金流量（万元） | | --- | --- | --- | --- | --- | | 601728 | 中国电信 | 0.53 | 0.20 | 13478.41 | | 600941 | 中国移动 | 0.85 | 2.14 | 8585.83 | | 002467 | 二六三 | -1.38 | 8.72 | 2988.13 | | 688205 | 德科立 | -14.63 | 9.46 | 2581.34 | | 300310 | 宜通世纪 | -2.64 | 8.06 | 1991.08 | | 300565 | 科信技术 | 0.39 | 9.99 | 1949.72 | | 603602 | 纵横通信 | 2.43 | 12.24 | 758.00 | | 300213 | 佳讯飞鸿 | -3.37 | 8.64 | 607.42 | | 688618 | 三旺通信 | -5.00 | 2.39 | 467.77 | | 300959 | 线上线下 | -2.96 | 3.56 | 384.44 | | 603421 | ...

Summary of Key Points Core Viewpoint - Hengbao Co., Ltd. experienced a significant drop in stock price, reaching the daily limit down, with a trading volume of 6.534 billion yuan and a turnover rate of 39.67% on the day of reporting [1]. Trading Activity - The stock's daily fluctuation was 17.15%, and it was listed on the Shenzhen Stock Exchange's watch list due to a daily decline deviation of -7.95% [1]. - Institutional investors net sold 138 million yuan, while the Shenzhen Stock Connect recorded a net sell of 277 million yuan [1]. - The top five trading departments accounted for a total transaction of 1.707 billion yuan, with net selling of 537 million yuan [1]. Fund Flow - The stock saw a net outflow of 1.543 billion yuan from major funds, with large orders contributing to a net outflow of 1.068 billion yuan [2]. - Over the past five days, the stock has seen a cumulative net outflow of 1.034 billion yuan [2]. Margin Trading - As of September 1, the margin trading balance for the stock was 1.039 billion yuan, with a financing balance of 1.039 billion yuan and a securities lending balance of 290 yuan [2]. - The financing balance decreased by 159 million yuan over the past five days, representing a decline of 13.27% [2]. Specific Trading Data - On September 2, the top buying and selling departments included the Shenzhen Stock Connect, which was both the largest buyer and seller, with buying and selling amounts of 239.39 million yuan and 516.25 million yuan, respectively [2].

Group 1 - Hengbao Co., Ltd. (002104.SZ) experienced a limit down today with a turnover rate of 39.67% and a transaction volume of 6.534 billion yuan [1] - The net selling by the Shenzhen Stock Connect amounted to 277 million yuan, with purchases of 239 million yuan and sales of 516 million yuan [1] - An institutional investor ranked second in selling, with a net sell of 138 million yuan [1] Group 2 - The top five buying entities included the Shenzhen Stock Connect, which accounted for 47.73% of the total buying amount, totaling 239.39 million yuan [2] - The total buying amount from the top five buying entities was 585.04 million yuan, representing 8.95% of the total transaction volume [2] - The buying activity was dominated by the Shenzhen Stock Connect, followed by various securities firms, indicating significant institutional interest [2]

Group 1 - Hengbao Co., Ltd. experienced a significant decline of 9.99% in its stock price today [1] - The total trading volume reached 6.534 billion yuan, with a turnover rate of 39.67% [1] - Data from the post-market dragon and tiger list indicates that the Shenzhen Stock Connect dedicated seat bought 239 million yuan and sold 516 million yuan [1] Group 2 - One institutional dedicated seat recorded a net sell of 138 million yuan [1]