Investment Rating - The report maintains an "Outperform" rating for the industry [1]. Core Insights - The report highlights significant developments in the wind and solar sectors, including the commencement of China's first large-capacity floating wind turbine project and the termination of a major solar component procurement by China Power Construction [6][7]. - The Australian government's plan to subsidize home energy storage systems is expected to reduce initial costs for consumers and drive installation growth [7]. Summary by Sections Wind Power - The commencement of the 16MW floating wind turbine project by Three Gorges marks a significant milestone in China's offshore wind technology, addressing high costs through larger turbine capacities [11]. - The wind power index fell by 6.67%, underperforming the CSI 300 index by 3.80 percentage points, with a current PE_TTM valuation of approximately 18.89 times [12]. - Key companies to watch include Mingyang Smart Energy, Dongfang Cable, and Yaxing Anchor Chain, as the domestic offshore wind market shows upward momentum [7][16]. Solar Power - China Power Construction's termination of a 51GW solar component procurement reflects the impact of recent adjustments in renewable energy pricing policies, leading to uncertainty in project investment returns [6][7]. - The solar equipment index decreased by 9.56%, with the current PE_TTM valuation around 29.99 times [4]. - Companies of interest include Longi Green Energy and Tongwei Co., as the solar sector faces potential short-term demand weakness post-May 31 [7][16]. Energy Storage & Hydrogen - The Australian Labor Party's proposed AUD 2.3 billion subsidy for home energy storage systems aims to lower costs by 30%, potentially facilitating the installation of over 1 million new batteries by 2030 [7]. - The energy storage index dropped by 9.04%, with a current PE_TTM of 23.9 times, indicating a strong growth outlook for the sector [4]. - Key players in the energy storage market include Sungrow Power Supply and Shuneng Electric, while the hydrogen sector sees interest in companies like Huagong Huaneng and Yihua Tong [7][16].

Market Overview - The Shanghai Composite Index rose by 0.05% to 3350 points, with a total trading volume of 992.7 billion yuan, marking a drop below 1 trillion yuan for the first time in 50 trading days [1] - Over 2700 stocks in the market increased, with 48 stocks hitting the daily limit up and 19 stocks hitting the limit down [1] - Sectors such as outdoor camping, robotics, decoration, jewelry, beauty care, and wind power equipment saw significant gains [1] Stock Performance - Key stocks with notable increases include: - Kai Mei Te Qi (002549) up by 10.01% to 10.11 yuan, achieving a five-day limit up streak [2] - Run Du Jiao Ye (002923) up by 10.02% to 17.78 yuan, with four limit ups in seven days [2] - Xin Ya Da (600571) up by 10.01% to 18.24 yuan, marking three limit ups in six days [2] - Heng Run Co., Ltd. (603985) up by 10.01% to 17.04 yuan, with three consecutive limit ups [2] Trading Dynamics - The top three net buying stocks on the Dragon and Tiger list were: - Dong Tu Ke Ji (300353) with a net buy of 215 million yuan [3] - Dian Tou Chan Rong (000958) with a net buy of 195 million yuan [3] - Qin Chuan Ji Chuang (000837) with a net buy of 180 million yuan [3] - Conversely, the top three net selling stocks were: - Hang Fa Dong Li (600893) with a net sell of 1.447 billion yuan [6] - Xue Ren Gong Si (002639) with a net sell of 126 million yuan [6] - Hong Bao Li (002165) with a net sell of 124 million yuan [6] Sector Highlights - The electric investment and financing sector is gaining attention due to its proposed acquisition of 100% equity in Electric Investment Nuclear Power, enhancing its position in the nuclear power sector [9][13] - Run Du Jiao Ye is focusing on new tobacco and synthetic biology, with a significant increase in trading volume and price [14][17] Institutional Activity - Institutions showed strong interest in Dong Tu Ke Ji, with a net buy of 794 million yuan [7] - Conversely, institutions sold off Hang Fa Dong Li significantly, with a net sell of 1.478 billion yuan [8] Summary of Key Stocks - Kai Mei Te Qi (002549) and Run Du Jiao Ye (002923) are leading in terms of price increases and trading activity, indicating strong market interest [2][14] - The performance of Dong Tu Ke Ji and Hang Fa Dong Li reflects contrasting investor sentiment, with one attracting significant buying and the other facing heavy selling pressure [7][8]

核聚变在关键研发中取得重大进展，资本市场相关概念股集体爆发，多只个股强势涨停。核聚变产业链 核心企业梳理： 1. 兰石重装（603169.SS） 最新价：8.14元（+10.00%涨停）｜流通市值：106.3亿 4. 海陆重工（002255.SZ） 最新价：8.24元（+10.01%涨停）｜流通市值：52.6亿 作为民用核能装备龙头，公司深度参与国际热核聚变实验堆（ITER）项目，完成多项全球首台套设备 制造任务。尽管近期披露股东拟减持计划，但其在热核聚变堆核心部件领域的先发优势仍受资金热捧， 技术护城河显著。 子公司换热公司研发的"中国聚变工程试验堆（CFETR）"氦冷固态包层热工测试平台核心设备——2台 新型微通道高效紧凑型焊接式热交换器（PCHE）已通过验收并交付。该技术为国际领先的紧凑型换热 方案，直接服务于我国下一代聚变堆建设，技术壁垒高，市场前景广阔。 2. 合银智能（603011.SS） 最新价：14.04元（+10.03%涨停）｜流通市值：69.4亿 公司深度参与核聚变核心部件研制，承接了核聚变真空室构件的研发任务，并与中国核工业二三建设有 限公司达成战略合作，计划于2024年完成交付。真空室 ...

雪人股份（002639）再度涨停，6个交易日内录得3个涨停，累计涨幅为19.92%，累计换手率为 154.59%。截至11:27，该股今日成交量1.67亿股，成交金额14.87亿元，换手率25.73%。最新A股总市值 达72.55亿元，A股流通市值61.09亿元。 证券时报数据宝统计，两融数据来看，该股最新(3月31日)两融余额为4.36亿元，其中，融资余额4.36亿 元，较前一个交易日减少986.81万元，环比下降2.22%，近6日累计增加2879.85万元，环比增长7.08%。 龙虎榜数据显示，该股因日换手率达20%、日涨幅偏离值达7%上榜龙虎榜3次，买卖居前营业部中，深 股通累计净买入5222.44万元，营业部席位合计净买入7291.54万元。 智能盯盘 涨停、连续涨停、异动、行情、涨幅、大涨 近日该股表现 日期 当日涨跌幅(%) 换手率(%) 主力资金净流入(万元) | 2025.03.31 | -4.26 | 34.02 | -34718.94 | | --- | --- | --- | --- | | 2025.03.28 | 9.99 | 31.74 | 61802.65 | | 2025.03 ...

雪人股份今日下跌4.26%，全天换手率34.02%，成交额19.72亿元，振幅9.28%。龙虎榜数据显示，深股 通净卖出3475.78万元，营业部席位合计净卖出8531.73万元。 深交所公开信息显示，当日该股因日换手率达34.02%上榜，深股通净卖出3475.78万元。 （文章来源：证券时报网） 资金流向方面，今日该股主力资金净流出3.47亿元，其中，特大单净流出2.14亿元，大单资金净流出 1.33亿元。近5日主力资金净流入2.89亿元。 融资融券数据显示，该股最新（3月28日）两融余额为4.46亿元，其中，融资余额为4.45亿元，融券余额 为55.13万元。近5日融资余额合计增加4582.57万元，增幅为11.47%，融券余额合计增加6.62万元，增幅 13.65%。（数据宝） 雪人股份3月31日交易公开信息 | 买/ | 会员营业部名称 | 买入金额（万 | 卖出金额（万 | | --- | --- | --- | --- | | 卖 | | 元） | 元） | | 买一 | 东方财富证券股份有限公司拉萨团结路第一证券营业部 | 3842.57 | 1163.00 | | 买二 | 东方财富证券股份有 ...

沪指3月31日下跌0.46%，申万所属行业中，今日上涨的有4个，涨幅居前的行业为通信、家用电器，涨 幅分别为0.58%、0.37%。跌幅居前的行业为电力设备、国防军工，跌幅分别为1.94%、1.81%。机械设 备行业今日下跌1.31%。 资金面上看，两市主力资金全天净流出404.09亿元，今日有5个行业主力资金净流入，公用事业行业主 力资金净流入规模居首，该行业今日上涨0.15%，全天净流入资金3.11亿元，其次是钢铁行业，日跌幅 为1.45%，净流入资金为2.83亿元。 主力资金净流出的行业有26个，电力设备行业主力资金净流出规模居首，全天净流出资金58.32亿元， 其次是机械设备行业，净流出资金为53.11亿元，净流出资金较多的还有电子、非银金融、计算机等行 业。 机械设备行业今日下跌1.31%，全天主力资金净流出53.11亿元，该行业所属的个股共528只，今日上涨 的有138只，涨停的有3只；下跌的有388只，跌停的有12只。以资金流向数据进行统计，该行业资金净 流入的个股有149只，其中，净流入资金超3000万元的有9只，净流入资金居首的是兰石重装，今日净流 入资金2.55亿元，紧随其后的是郑煤机、C ...

Group 1: US Tariff Plans and Market Reactions - President Trump plans to announce new tariffs in the coming days, indicating a willingness to negotiate tariff agreements with other countries, but any agreements will likely occur after the tariffs take effect on April 2 [1] - The US stock market saw significant declines, with the Nasdaq dropping 2.7%, the S&P 500 down 1.97%, and the Dow Jones falling 1.69% [1][4] Group 2: Technology Sector Performance - Major tech stocks experienced declines, with Netflix, Google, Amazon, and Meta falling over 4%, while Tesla, Microsoft, and Intel dropped over 3% [2] - The Nasdaq Golden Dragon China Index fell by 3.11%, with popular Chinese stocks like Baidu and NIO dropping over 5% [2] Group 3: IPO Market Developments - Wolfspeed's stock plummeted approximately 52%, marking the worst single-day performance for an IPO in the US [3] - CoreWeave's IPO closed flat at $40 on its first day of trading [3] Group 4: Commodity Market Trends - COMEX gold futures for June rose by 0.59% to $3116.6, marking a weekly increase of 2.26% [4] - WTI crude oil futures for May fell by 0.8% to $69.36 per barrel, with a weekly increase of 1.58% [4] Group 5: Regulatory and Taxation News - The Trump administration is unexpectedly considering higher taxes on the wealthy, which could provide room for other priority issues [6] - The EU plans to impose mild penalties on Apple and Meta under its digital market regulations, potentially leading to fines amounting to billions of dollars [8] Group 6: Market Movements and Trends - The six major state-owned banks in China reported a total net profit of approximately 1.4 trillion yuan for 2024, averaging about 38 billion yuan per day [17] - The Chinese central bank stated that current financial risks are overall controllable, with the financial system's resilience expected to improve as the macro economy recovers [20]

证券代码：002639 证券简称：雪人股份 公告编号：2025-021 福建雪人集团股份有限公司 关于向激励对象首次授予股票期权的公告 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。 《福建雪人集团股份有限公司 2025 年股票期权激励计划（草案）》（以下 简称"《激励计划（草案）》"或"本激励计划"或"本次激励计划"）规定的 公司 2025 年股票期权激励计划首次授予条件已经成就，根据福建雪人集团股份 有限公司（以下简称"公司"）2025 年第三次临时股东大会授权，公司于 2025 年 3 月 11 日召开第六届董事会第三次（临时）会议和第六届监事会（临时）第 二次会议，审议通过了《关于向激励对象首次授予股票期权的议案》，确定以 2025 年 3 月 11 日为首次授予日，以人民币 7.53 元/份的价格向 387 名激励对象 首次授予 3,500.00 万份股票期权。现将有关事项说明如下： 一、股权激励计划简述 | | | | 获授的股票 | 占授予股票 | 占本激励计划 | | --- | --- | --- | --- | --- | --- | | ...

国浩律师(福州) 事务所 关于 福建雪人集团股份有限公司 2025 年股票期权激励计划首次授予事项 之 法律意见书 I I AW FIHN 一杭州·广州·昆明·天津·成都·宁波·西安·南京·南宁·济南·重庆·苏州·长沙·太原·武 贵阳·香港·巴黎·马德里·硅谷·斯德哥尔摩·郑州·石家庄·纽约 福州市台江区望龙二路1号IFC福州国际金融中心43层郵編: 350004 43/F, International Financial Center, No.1 Wanglong 2nd Avenue, Taijiang District, Fuzhou,350004,P.R.China 電話/Tel: (+86)(591) 88115333傳真/Fax: (+86)(591) 88338885 網址/Website:http://www.grandall.com.cn 二〇二五年三月 国浩律师（福州） 事务所 法律意见书 致： 福建雪人集团股份有限公司 国浩律师（福州）事务所关于 福建雪人集团股份有限公司 2025 年股票期权激励计划首次授予事项 之 法律意见书 国浩律师（福州） 事务所（以下简称"本所"） 接受福建雪人 ...

证券代码：002639 证券简称：雪人股份 公告编号：2025-020 福建雪人集团股份有限公司 第六届监事会第二次（临时）会议决议公告 本公司及监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、监事会召开情况 福建雪人集团股份有限公司（以下简称"公司"）于 2025 年 3 月 11 日下午 4:00 以现场会议的方式，在福建省福州市长乐区闽江口工业区公司会议室召开第 六届监事会第二次（临时）会议，本次会议由监事会主席江康锋先生召集并主持， 会议通知已于 2025 年 3 月 7 日以专人递送、电话、电子邮件等方式送达全体监 事。应到监事 3 名，实到监事 3 名。本次会议的召集、召开符合《中华人民共和 国公司法》和《公司章程》的有关规定。 二、监事会会议审议情况 经与会监事审议，本次会议以投票表决方式表决如下议案： 审议并通过《关于向激励对象首次授予股票期权的议案》 表决结果为：赞成 3 票；无反对票；无弃权票。 经对首次授予的激励对象名单审核后，公司监事会认为： 1、列入公司本次激励计划激励对象名单的人员均具备《公司法》《证券法》 等法律、法规和规范性文件及《 ...