Group 1 - A total of 168 stocks in the Shanghai and Shenzhen markets have experienced net financing inflows for five consecutive days or more as of July 30 [1] - The stock with the longest consecutive net inflow days is Chunzhong Technology, which has seen net inflows for 16 trading days [1] - Other notable stocks with significant consecutive net inflow days include Longqi Technology, Daon Shares, Chengdi Xiangjiang, Huicheng Environmental Protection, Gaocai Shares, Juhe Materials, Wancheng Group, Huaxi Biological, and Xindian Software, with 14, 13, 13, 13, 11, 10, 10, 10, and 10 trading days of net inflows respectively [1]

Core Viewpoint - As of July 29, a total of 187 stocks in the Shanghai and Shenzhen markets have experienced net financing inflows for five consecutive days or more, indicating strong investor interest in these stocks [1] Group 1: Stocks with Longest Continuous Net Inflows - The stock with the longest continuous net inflow is Chunzong Technology, which has seen net buying for 15 consecutive trading days [1] - Other notable stocks with significant net inflow days include Yunnan Baiyao (14 days), Longqi Technology (13 days), and Huicheng Environmental Protection (12 days) [1] - Additional stocks with 12 days of net inflows include Intercontinental Oil & Gas, Daon Co., Chengdi Xiangjiang, and Gaoce Co., while Dongfang Cable has seen net inflows for 10 days [1]

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。 山东道恩高分子材料股份有限公司 关于公司股东股份解除质押及再质押的公告 山东道恩高分子材料股份有限公司（以下简称"公司"）于近日接到公司股东道恩 集团有限公司的通知，获悉其所持有本公司的部分股份办理了解除质押及再质押业务， 具体事项公告如下： 二、股东股份质押的基本情况 1 证券代码：002838 证券简称：道恩股份 公告编号：2025-097 1、本次股份质押不用于上市公司生产经营相关需求。 2、公司控股股东及其一致行动人未来半年内无到期的质押股份；公司控股股东及 其一致行动人未来一年内到期的质押股份累计为 13,120 万股，占其所持股份的 48.23%， 占公司总股本 27.42%，对应融资余额 60,547 万元；还款来源为自有或自筹资金，具备 资金偿付能力。 股东 名称 是否为控股股东 或第一大股东及 其一致行动人 本次解除质押 的数量（股） 占其所持 股份比例 占公司总 股本比例 质押起始日 质押到期日 质权人 道恩集团有 限公司 是 22,320,000 11.27% 4.67% 2024-07-2 ...

证券代码：002838 证券简称：道恩股份 公告编号：2025-096 山东道恩高分子材料股份有限公司 关于公司股东股份解除质押及再质押的公告 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。 山东道恩高分子材料股份有限公司（以下简称"公司"）于近日接到公司股东道恩 集团有限公司的通知，获悉其所持有本公司的部分股份办理了解除质押及再质押业务， 具体事项公告如下： 二、股东股份质押的基本情况 1 股东 名称 是否为控股股东 或第一大股东及 其一致行动人 本次解除质押 的数量（股） 占其所持 股份比例 占公司总 股本比例 质押起始日 质押到期日 质权人 道恩集团有 限公司 是 22,320,000 11.27% 4.67% 2024-07-25 2025-07-21 中国银河证券 股份有限公司 合计 22,320,000 11.27% 4.67% - - - 一、股东股份解除质押的基本情况 1、本次股份质押的基本情况 股东 名称 是否为控 股股东或 第一大股 东及其一 致行动人 本次质押数 量（股） 占其所持 股份比例 占公司总 股本比例 是否为 限售股 是否为补 ...

Quantitative Models and Construction Methods - **Model Name**: Broad-based Index Rotation Strategy **Model Construction Idea**: The strategy is based on the weekly change rate of the "total heat" indicator for broad-based indices. It selects the index with the highest heat change rate for investment, while staying out of the market if the "Other" group has the highest rate[7][13][16] **Model Construction Process**: 1. Calculate the weekly heat change rate for each broad-based index (CSI 300, CSI 500, CSI 1000, CSI 2000, and "Other"). 2. Smooth the weekly change rate using a 2-period moving average (MA2). 3. On the last trading day of each week, invest in the index with the highest MA2 heat change rate. If the "Other" group has the highest rate, remain in cash. **Model Evaluation**: The strategy demonstrates a clear logic of capturing short-term market sentiment shifts based on heat changes[13][16] - **Model Name**: Concept Heat TOP and BOTTOM Portfolios **Model Construction Idea**: This model identifies the hottest concepts each week and constructs two portfolios based on the highest and lowest heat stocks within these concepts[30][32][34] **Model Construction Process**: 1. Select the top 5 concepts with the largest weekly heat change rates. 2. Exclude the bottom 20% of stocks in terms of market capitalization within the selected concepts. 3. Construct the "TOP" portfolio by equally weighting the top 10 stocks with the highest total heat within each concept. 4. Construct the "BOTTOM" portfolio by equally weighting the bottom 10 stocks with the lowest total heat within each concept. **Model Evaluation**: The model effectively captures behavioral biases in concept-driven markets, where low-heat stocks in hot concepts tend to generate excess returns over time[30][32][34] --- Model Backtesting Results - **Broad-based Index Rotation Strategy**: - Annualized Return: 8.74% - Maximum Drawdown: 23.5% - 2025 YTD Return: 14.7%[16] - **Concept Heat BOTTOM Portfolio**: - Annualized Return: 15.71% - Maximum Drawdown: 28.89% - 2025 YTD Return: 25.5%[34] --- Quantitative Factors and Construction Methods - **Factor Name**: Total Heat Indicator **Factor Construction Idea**: The factor aggregates the browsing, watchlist, and click counts of individual stocks, normalized as a percentage of the total market, and scaled by 10,000[7] **Factor Construction Process**: 1. Aggregate the browsing, watchlist, and click counts for each stock. 2. Normalize the aggregated value as a percentage of the total market. 3. Multiply the normalized value by 10,000 to obtain the total heat score. The range of the indicator is [0, 10,000][7] **Factor Evaluation**: The factor serves as a proxy for market sentiment and attention, effectively capturing behavioral patterns such as overpricing or underreaction at the stock level[7] --- Factor Backtesting Results - **Total Heat Indicator**: - No specific backtesting results provided for this factor in isolation

Investment Rating - The report maintains a "Strong Buy" investment rating for the company [6]. Core Insights - The company is expected to achieve a significant increase in net profit for the first half of 2025, with projections ranging from 78.17 to 90.19 million yuan, representing a year-on-year growth of 17% to 35% [1]. - The growth in the company's main business is driven by record sales in elastomers and modified plastics, supported by favorable government policies promoting consumption in the new energy vehicle and home appliance sectors [5]. - The TPV (Thermoplastic Vulcanizate) business is anticipated to accelerate due to price increases and expanding applications in various sectors, including new energy vehicles [5]. - The company is strategically investing in R&D for advanced technologies like DVA (Dynamic Vapor Absorption), which is expected to enhance its competitive edge and growth potential [5]. Financial Data Summary - The company reported total revenue of 4.544 billion yuan in 2023, with projected revenues of 6.133 billion yuan in 2025, reflecting a growth rate of 16% [7]. - The net profit attributable to the parent company is expected to rise from 140 million yuan in 2023 to 205 million yuan in 2025, indicating a growth rate of 46% [9]. - The company's return on equity (ROE) is projected to improve from 4.6% in 2023 to 6.4% in 2025, showcasing enhanced profitability [10].

[Expected Performance for the Current Period](index=1&type=section&id=Item%20I.%20Expected%20Performance%20for%20the%20Current%20Period) The company anticipates a year-on-year increase in net profit for the first half of 2025, with attributable net profit projected to grow by 17.00% to 35.00% - The performance forecast indicates a year-on-year increase[3](index=3&type=chunk) Key Performance Indicators for H1 2025 Performance Forecast | Item | Current Period (H1 2025) | Prior Period (H1 2024) | Year-on-Year Growth | | :--- | :--- | :--- | :--- | | **Net Profit Attributable to Shareholders** | Profit: **RMB 78.1682 million - RMB 90.1940 million** | Profit: **RMB 66.8104 million** | **17.00% - 35.00%** | | **Net Profit After Non-Recurring Items** | Profit: **RMB 70.9812 million - RMB 83.0070 million** | Profit: **RMB 56.0155 million** | **26.72% - 48.19%** | | **Basic Earnings Per Share** | Profit: **RMB 0.16/share - RMB 0.19/share** | Profit: **RMB 0.15/share** | - | [Communication with Accounting Firm](index=1&type=section&id=Item%20II.%20Communication%20with%20Accounting%20Firm) The company explicitly states that the performance forecast data has not been audited by an accounting firm - This performance forecast has not been audited by an accounting firm[4](index=4&type=chunk) [Explanation of Performance Changes](index=1&type=section&id=Item%20III.%20Explanation%20of%20Performance%20Changes) Performance growth is primarily driven by national trade-in policies stimulating demand in downstream new energy vehicles, home appliances, and electronics sectors, alongside increased sales of key products - The company's downstream new energy vehicle, home appliance, and electronics industries maintained strong growth, benefiting from national trade-in policies to stimulate consumption[5](index=5&type=chunk) - Increased R&D and sales efforts for the company's elastomer and modified plastics product series led to record-high sales for the period, significantly contributing to profit improvement[5](index=5&type=chunk)[6](index=6&type=chunk) [Other Relevant Information](index=2&type=section&id=Item%20IV.%20Other%20Relevant%20Information) The company advises investors that this performance forecast is a preliminary financial estimate subject to uncertainty, with final data to be disclosed in the 2025 semi-annual report - This performance forecast represents preliminary accounting results from the company's finance department, with final data subject to the 2025 semi-annual report[7](index=7&type=chunk) - The company has alerted investors to investment risks, advising cautious decision-making[7](index=7&type=chunk)

道恩股份（002838）公告，预计2025年1月1日至2025年6月30日归属于上市公司股东的净利润为7816.82 万元—9019.4万元，比上年同期的6681.04万元增长17.00%—35.00%。扣除非经常性损益后的净利润为 7098.12万元—8300.7万元，比上年同期的5601.55万元增长26.72%—48.19%。基本每股收益为0.16元/股 —0.19元/股，上年同期为0.15元/股。 ...

Group 1 - The company received a notification from shareholder Han Limei regarding the release and re-pledging of part of her shares [2] - Han Limei released 19,200,000 shares, which accounts for 25.95% of her holdings and 4.01% of the company's total shares [2] - The shares were pledged to Ping An Bank, Qingdao Branch, with the pledge starting on December 20, 2022, and set to expire on July 9, 2025 [2] Group 2 - The total pledged shares by Han Limei before this transaction were 73,997,452 shares, representing 55.39% of her holdings [3] - After the pledge, the total pledged shares amount to 19,200,000, which is 25.95% of her holdings [3] - The company’s controlling shareholder and their concerted actions have a total of 13,962,000 shares maturing within the next year, which is 16.41% of their holdings [4] Group 3 - The company confirms that the pledged shares do not pose a risk of control change and there is no risk of forced liquidation [4] - The controlling shareholder and their concerted actions have the ability to fulfill their obligations regarding the pledged shares [4] - The company will continue to monitor the pledge situation and adhere to disclosure obligations [4]

关于公司股东股份解除质押及再质押的公告 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。 山东道恩高分子材料股份有限公司（以下简称"公司"）于近日接到公司股东韩丽 梅女士的通知，获悉其所持有本公司的部分股份办理了解除质押及再质押业务，具体事 项公告如下： 二、股东股份质押的基本情况 | 1、本次股份质押的基本情况 | | --- | | 股东 | 股股东或 第一大股 | 是否为控 | 本次质押数 | 占其所持 | 占公司总 | 是否为 | 是否为补 | 质押起始日 | 质押到期日 | 质权人 | 质押 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 名称 | 东及其一 | | 量（股） | 股份比例 | 股本比例 | 限售股 | 充质押 | | | | 用途 | | | 致行动人 | | | | | | | | | | | | | | 是 | 19,200,000 | 25.95% | 4.01% | 是 | 否 | 2025-07-09 | 至申请解除 ...