[Current Period Performance Forecast](index=1&type=section&id=%E4%B8%80%E3%80%81%E6%9C%AC%E6%9C%9F%E4%B8%9A%E7%BB%A9%E9%A2%84%E8%AE%A1%E6%83%85%E5%86%B5) The company forecasts a significant year-on-year decline in H1 2025 net profit attributable to shareholders, ranging from 38.42% to 50.74%, with similar trends for adjusted net profit and basic EPS - The company expects its H1 2025 performance to decline year-on-year[3](index=3&type=chunk) Key Performance Indicators for H1 2025 Performance Forecast | Item | Current Period (Estimated) | Prior Year Same Period | | :--- | :--- | :--- | | **Net Profit Attributable to Shareholders** | Profit: 8,000 - 10,000 10,000 CNY | Profit: 16,238.85 10,000 CNY | | Year-on-Year Change | Decrease 38.42% - 50.74% | - | | **Net Profit Excluding Non-Recurring Items** | Profit: 7,000 - 9,000 10,000 CNY | Profit: 14,879.58 10,000 CNY | | Year-on-Year Change | Decrease 39.51% - 52.96% | - | | **Basic Earnings Per Share** | Profit: 0.0440 - 0.0550 CNY/share | Profit: 0.0893 CNY/share | [Pre-Audit Status of Performance Forecast](index=1&type=section&id=%E4%BA%8C%E3%80%81%E4%B8%9A%E7%BB%A9%E9%A2%84%E5%91%8A%E9%A2%84%E5%AE%A1%E8%AE%A1%E6%83%85%E5%86%B5) The performance forecast data released has not been pre-audited by a certified public accountant - The performance forecast has not been pre-audited by a certified public accountant[4](index=4&type=chunk) [Explanation of Performance Changes](index=1&type=section&id=%E4%B8%89%E3%80%81%E4%B8%9A%E7%BB%A9%E5%8F%98%E5%8A%A8%E5%8E%9F%E5%9B%A0%E8%AF%B4%E6%98%8E) The period's profit decline is primarily due to reduced revenue from delayed overseas project deliveries and EMS business downturn, coupled with increased sales and R&D expenses for strategic initiatives like 'AI Private Network', partially offset by improved gross margin and financial expenses - Negative factors contributing to the profit decline include **decreased revenue** due to delayed overseas project deliveries and a year-on-year decline in EMS (Electronic Manufacturing Services) business, alongside **increased expenses** in sales and R&D to advance the '2+3+1' product strategy and 'AI Private Network' concept under the 'innovation-led' theme[5](index=5&type=chunk) - Positive factors partially offsetting the profit decline include an **improved gross margin** year-on-year and **significantly better financial expenses** due to optimized debt structure, reduced financing costs, and increased exchange gains[6](index=6&type=chunk) [Other Relevant Information](index=2&type=section&id=%E5%9B%9B%E3%80%81%E5%85%B6%E4%BB%96%E7%9B%B8%E5%85%B3%E8%AF%B4%E6%98%8E) The company states this performance forecast is a preliminary, unaudited estimate from its finance department, with final accurate financial data to be disclosed in the 2025 semi-annual report, urging investors to exercise caution - This performance forecast represents preliminary, unaudited estimates from the company's finance department, with final figures subject to the official 2025 semi-annual report disclosure[7](index=7&type=chunk)

Group 1 - The company Hainengda (002583) expects a net profit of 80 million to 100 million yuan for the period from January 1, 2025, to June 30, 2025, which represents a year-on-year decline of 38.42% to 50.74% compared to 162 million yuan in the same period last year [1] - The decline in overall revenue is attributed to delays in the delivery of overseas projects and a year-on-year decrease in EMS business [1] - Increased sales and R&D expenses compared to the previous year have contributed to the decline in profit [1]

Core Insights - The "Shenzhen State-owned Enterprises New Media Information Release Observation List" was launched to evaluate the information dissemination of state-owned enterprises and listed companies in Shenzhen, focusing on reading volume as a key indicator of influence [1] - The May 2025 report shows a slight decline in reading volume for state-owned enterprise accounts, while overall activity remains stable [2][4] - The top three accounts by article volume are Shenzhen Bus Group (90), Special Development Group (72), and Shenzhen Eastern Bus (67) [2][3] Group 1: Article Volume and Performance - The total number of articles published by state-owned enterprise accounts increased in May compared to April, with Shenzhen Bus Group leading with 90 articles [2][3] - The reading volume for the top three accounts includes Shenzhen Metro (42.2W+), Shenzhen Eastern Bus (17.2W+), and Shenzhen Gas (11.4W+) [5][6] - Special Development Group saw a significant increase in article volume, nearly doubling its output [2] Group 2: Engagement Metrics - The top three accounts by likes are Shenzhen Metro (2492), Shenzhen Bus Group (2112), and Shenzhen Eastern Bus (650) [7] - In terms of recommendations, Shenzhen Bus Group leads with 1407, followed by Shenzhen Metro (1020) and Shenzhen Eastern Bus (411) [9] - Despite lower article output, Guoxin Securities maintains a strong reading volume, indicating high content appeal [4][5] Group 3: Content Strategy and User Engagement - Shenzhen Metro's content strategy focuses on timely information, event-driven campaigns, and user-centric topics, achieving high engagement during key holidays [10][11] - Shenzhen Eastern Bus employs a modular content approach, emphasizing heartwarming stories and internal communications, but lacks strong user interaction [15] - Shenzhen Gas focuses on providing evergreen content related to gas safety and services, resulting in high repeat engagement [18] Group 4: Company-Specific Insights - Shenzhen State-owned Enterprises listed companies show a notable increase in article output, with Deep Special Power and Special Development Information leading the way [21] - The overall performance of state-owned enterprise accounts indicates a competitive landscape, with top accounts maintaining strong positions in terms of content dissemination and user engagement [21]

Group 1 - Shenzhen enterprises are actively engaging in overseas markets, with 14 institutions established in South Africa by the end of 2024 [2] - The Gauteng province is recognized as a commercial and industrial hub in South Africa, attracting Shenzhen companies for investment [2] - The Shenzhen Overseas Chinese Economic and Trade Delegation organized a meeting to address the challenges faced by Shenzhen enterprises in South Africa [1][2] Group 2 - During the meeting, companies like Mindray Medical proposed solutions for building smart hospitals in South Africa, suggesting a pilot project [4] - Other companies expressed needs for faster visa processing and improved security measures to enhance operational efficiency [4][5] - The Gauteng Growth and Development Agency committed to providing one-on-one services to assist companies in overcoming challenges [5] Group 3 - The meeting highlighted the growing interest of Shenzhen companies in the South African market, with many already making significant investments [6][8] - ZTE has been involved in the South African telecommunications sector since 2003, contributing to network planning and construction [7] - The Gauteng province is inviting more Shenzhen technology companies to invest in key projects, including renewable energy and smart city initiatives [7]

6月13日，A股三大指数震荡调整，全市场超4400只个股下跌。市场热点聚焦在油气、贵金属、核污染防治、军工板块。 个股方面，今日共57股涨停，连板股总数8只，11股封板未遂，封板率为84%（不含ST股、退市股）。焦点股方面，北矿科技晋级5连板，成为新的市场高度板。稳定币概念尾盘拉升，元隆雅图 | 代码 | 名称 | 价格 | 涨跌 | 米唱↓ | 换手% 几天几板12 ... | FV. Z 20 | 成交量 | 涨停分析 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 300157 | 新锦动力 | 4.72 | +0.79 | +20.10% | 26.21% 自板涨停 | 8.2517. | 184.6万 | 油气装备+能视 | | 300581 | 晨曦航空 | 15.82 | +2.64 | +20.03% | 22.53% 首板涨停 | 18.19 7. | 124.0万 | 航空装备+军] | | 300645 | 正元智慧 | 18.46 | +3.08 | +20.03% | 29.83% 自板 得 | 7.46 7. ...

Market Overview - The Shanghai Composite Index closed at 3377.00 points, down 0.75%, with a trading volume of 605.39 billion yuan [1] - The Shenzhen Component Index closed at 10122.11 points, down 1.1%, with a trading volume of 861.86 billion yuan [1] - The ChiNext Index closed at 2043.82 points, down 1.13%, with a trading volume of 410.51 billion yuan [1] - The STAR 50 Index closed at 972.94 points, down 0.51%, with a trading volume of 34.04 billion yuan [1] - The total trading volume of both markets was 1467.25 billion yuan, an increase of 195.46 billion yuan compared to the previous trading day [1] Sector Performance - Strong sectors included oil and petrochemicals, national defense and military industry, and precious metals [2] - Weak sectors included beauty and personal care, media, food and beverage, light industry manufacturing, pharmaceuticals, automotive, education, and computer industries [2] - The top gainers in the market were concentrated in chemicals, oil and petrochemicals, pharmaceuticals, machinery, and national defense industries [2] Individual Stock Performance - A total of 795 stocks rose, while 4264 stocks fell, with 72 stocks remaining flat and 20 stocks suspended [2] - 63 stocks hit the daily limit up, while 21 stocks hit the daily limit down [2] - The most popular stock with a limit up was Yingli Automotive, with a closing limit up order of 38.51 million shares [2] Fund Flow Analysis - The net outflow of main funds in the Shanghai and Shenzhen markets was 37.89 billion yuan [6] - The ChiNext saw a net outflow of 17.09 billion yuan, while the CSI 300 index experienced a net outflow of 7.94 billion yuan [6] - The national defense and military industry had the highest net inflow of main funds, amounting to 2.12 billion yuan [7] - The computer industry had the largest net outflow, totaling 6.57 billion yuan [7] Notable Stocks - Hai Neng Da had the highest net inflow of main funds, amounting to 852 million yuan, with a price increase of 10.03% [11] - BYD experienced the largest net outflow of main funds, totaling 1.381 billion yuan, with a price decrease of 2.05% [14] - 48 stocks had a net inflow of over 100 million yuan, while 104 stocks had a net outflow of over 100 million yuan [10][13] Institutional Activity - Institutions had a net selling of approximately 244 million yuan, with New Jin Power being the top net buyer at 45.15 million yuan [16] - The top net selling stock by institutions was Zhongman Petroleum, with a net selling amount of approximately 142 million yuan [16]

Market Overview - The two markets experienced a significant net outflow of 25.405 billion yuan, with 1,466 stocks seeing net inflows and 3,231 stocks experiencing net outflows [1] - The Shanghai Composite Index closed down by 0.75% [1] Industry Performance - Five industries saw net inflows from large orders, with the petroleum and petrochemical sector leading with a net inflow of 1.577 billion yuan and a 2.05% increase in the industry index [1] - The defense and military industry followed with a net inflow of 1.536 billion yuan and a 1.72% increase [1] - A total of 26 industries experienced net outflows, with the computer sector seeing the largest outflow of 3.724 billion yuan, followed by the automotive sector with 3.379 billion yuan [1] Individual Stock Performance - Sixteen stocks had net inflows exceeding 200 million yuan, with Hai Neng Da leading at 904 million yuan [2] - Other notable stocks with significant inflows include Hengxuan Technology (528 million yuan) and Tongyuan Petroleum (342 million yuan) [2] - The stocks with the largest net outflows included BYD (831 million yuan), Kweichow Moutai (617 million yuan), and Jianghuai Automobile (521 million yuan) [3] Stock Price Movements - Stocks with net inflows over 200 million yuan saw an average increase of 9.61%, outperforming the Shanghai Composite Index [2] - Specific stocks that increased include Xinjin Power and Chengxi Aviation, which closed at their daily limit [2] Sector Concentration - The stocks with the highest net inflows are concentrated in the defense and military, communication, and transportation sectors, each having two stocks listed among the top inflows [2]

Core Viewpoint - Hainengda (002583) experienced a limit-up in stock price today, indicating strong market interest and positive sentiment towards the company [1] Trading Activity - The trading volume reached 1.825 billion yuan, with a turnover rate of 11.55%, suggesting significant trading activity and investor engagement [1] - Data from the post-market dragon and tiger list shows that the Shenzhen Stock Connect dedicated seat bought 86.175 million yuan and sold 7.5213 million yuan, indicating net buying activity from institutional investors [1]

Core Insights - The article highlights the significant achievement of Hytera Communications Corporation Limited (referred to as "Hytera") in the global public safety communication sector, particularly its recent contract with the Brazilian Federal Police [2][3] - Hytera's subsidiary Teltronic secured a framework agreement worth nearly $40 million to provide critical communication solutions for public safety departments across Brazil [2][3] Group 1: Contract Details - Under the framework agreement, Hytera will deliver 40,000 TETRA radios and TETRA/LTE multimode smart radios, along with MCX software, within two years [3] - The equipment will enhance the Brazilian Federal Police's ability to coordinate efficiently across departments, enabling real-time sharing of voice, data, and video information [3] Group 2: Technological Aspects - The solutions provided by Hytera are based on international mainstream critical communication open standards, integrating narrowband TETRA and broadband MCX technologies [2] - TETRA technology is known for its high reliability and stability, making it suitable for public safety scenarios that require high-quality voice communication and interference resistance [2] - MCX technology supports high-definition video and large-capacity data transmission, offering richer information support for command decision-making [2] Group 3: Strategic Implications - This contract marks a significant breakthrough for Hytera in the Brazilian public safety market, reinforcing its leading position in the critical communication sector [3] - The collaboration with the Brazilian Federal Police is seen as a new starting point for Hytera in Brazil and an important milestone in its global strategic layout [3] - Hytera aims to leverage its strong R&D capabilities, quality products and services, and extensive industry experience to further expand its global market presence [3]

Economic Information - In May, the national futures market recorded a trading volume of 678,609,037 contracts and a transaction value of 5,472.99 billion yuan, representing a year-on-year decline of 4.51% and 1.55% respectively [2] - From January to May, the cumulative trading volume reached 3,336,834,307 contracts, with a cumulative transaction value of 28,693.44 billion yuan, showing year-on-year growth of 15.61% and 21.33% [2] - As of June 11, the wholesale price of 25-year Flying Moutai (bulk) was 1,990 yuan per bottle, down 30 yuan from the previous day, while the price of 25-year Flying Moutai (original) remained at 2,080 yuan per bottle [2] Company Alerts - Industrial Securities has not received any information regarding a merger with Huafu Securities [3] - *ST Yazhen has been suspended from trading for verification due to multiple instances of abnormal trading fluctuations [6] - Several companies, including Chaojie Co., Aikelan, and Fengyuzhu, have announced plans for share reductions by their shareholders, with reductions not exceeding 3% of total shares [8] Overseas Alerts - The US stock market saw all three major indices close lower, with the Nasdaq down 0.5% and Intel dropping over 6%, marking its largest single-day decline in two months [4] - In London, most base metals declined, with LME nickel down 1.13% at $15,145.00 per ton and LME copper down 1.12% at $9,647.00 per ton [5] - Jeffrey Gundlach, head of DoubleLine Capital, indicated that the US debt burden and interest payments have become unsustainable, suggesting that long-term US Treasuries are no longer considered truly risk-free investments [4]