Market Overview - The refining and trading sector experienced a decline of 0.19% on September 29, with Compton leading the drop [1] - The Shanghai Composite Index closed at 3862.53, up 0.9%, while the Shenzhen Component Index closed at 13479.43, up 2.05% [1] Stock Performance - Daqing Huake (000985) saw a significant increase of 10.00%, closing at 19.91 with a trading volume of 59,900 shares and a turnover of 117 million yuan [1] - Other notable gainers included Bohui Co. (300839) with a 4.42% increase, Baocao Co. (002476) up 2.10%, and Maohua Shihua (000637) rising by 1.95% [1] - Conversely, Compton (603798) led the declines with a drop of 3.70%, closing at 16.64, alongside Rongsheng Petrochemical (002493) down 3.24% [2] Capital Flow - The refining and trading sector saw a net outflow of 66.36 million yuan from institutional investors, while retail investors contributed a net inflow of 2.50 million yuan [2] - The main stocks with significant capital inflow included Daqing Huake with 39.99 million yuan and China Petroleum (601857) with 35.17 million yuan [3] - Notably, Baocao Co. experienced a net inflow of 20.54 million yuan from institutional investors, despite a net outflow from retail investors [3]

证券代码：300135 证券简称：宝利国际 公告编号：2025-076 江苏宝利国际投资股份有限公司 关于累计诉讼、仲裁事项的进展公告 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。 江苏宝利国际投资股份有限公司（以下简称公司）于 2025 年 9 月 13 日在巨 潮资讯网（www.cninfo.com.cn）披露了《关于累计诉讼、仲裁事项的公告》（公 告编号：2025-072）。截至本公告披露日，部分案件取得进展，现将有关情况公 告如下： 截至本公告披露日，除已披露的诉讼、仲裁事项外，公司及控股子公司无应 披露而未披露的其他诉讼、仲裁事项。 三、本次公告的诉讼、仲裁对公司本期利润或期后利润的可能影响 上述案件的起诉金额分为项目本金和项目回报及滞纳金，其中项目回报及滞 纳金占比较大。终审法院判决认定，项目本金应以宝利建设实际向下游公司支付 的金额为准，并据此计算相应的逾期付款利息。 就本次公告进展的诉讼事项，公司已对相关应收账款全额计提减值，并已在 公司过往定期报告中予以反映，若后续判决款项全部或部分收回，将对公司利润 产生正面影响，最终会计处理及对公司利润 ...

Market Overview - The refining and trading sector increased by 0.17% on September 24, with Guangju Energy leading the gains [1] - The Shanghai Composite Index closed at 3853.64, up 0.83%, while the Shenzhen Component Index closed at 13356.14, up 1.8% [1] Stock Performance - Guangju Energy (000096) closed at 11.57, up 3.40% with a trading volume of 101,500 shares and a turnover of 116 million yuan [1] - Baoli International (300135) closed at 4.59, up 3.38% with a trading volume of 690,400 shares and a turnover of 314 million yuan [1] - Tongkun Co. (601233) closed at 14.11, up 3.14% with a trading volume of 260,000 shares and a turnover of 362 million yuan [1] - Other notable stocks include Wanbangda (300055) up 2.50%, Guochuang Gaoxin (002377) up 2.35%, and Kangjindun (603798) up 2.15% [1] Capital Flow - The refining and trading sector saw a net inflow of 132 million yuan from institutional investors, while retail investors experienced a net outflow of 118 million yuan [2] - The main capital flow data indicates that Baoli International had a net inflow of 39.09 million yuan from institutional investors, while retail investors had a net outflow of 41.85 million yuan [3] - China Petroleum (601857) also saw a net inflow of 33.19 million yuan from institutional investors, despite a net outflow from retail investors [3]

Core Viewpoint - Baoli International (300135) announced on September 22 that its investment in Hongtai Technology does not currently have synergy with its existing business, but the company aims to provide necessary support for collaboration with the local semiconductor industry after the investment [1] Group 1 - Baoli International's investment in Hongtai Technology is primarily focused on post-investment management [1] - The controlling shareholder of Baoli International is located in Chizhou, which has a certain concentration of the semiconductor industry [1] - The company plans to assist Hongtai Technology in achieving synergy with the local industry [1]

Group 1 - The company, Baoli International, announced on September 22 that its core founders, including Bao Zhijie, Mao Guoliang, and Li Hui, possess extensive industry experience and background [1] - The group has over 400 employees, with a high proportion of research and development personnel [1]

Core Viewpoint - Baoli International (300135) announced on September 22 that its next-generation high-end SoC testing equipment, MS8800, has passed key performance validations, indicating a positive outlook for the industry and the company's future prospects [1] Company Summary - The company is actively engaging with downstream customers regarding the MS8800 testing equipment [1] - The domestic downstream chip enterprises primarily rely on imported equipment, highlighting a low localization rate for SoC testing machines [1] - The company is optimistic about the industry development due to factors such as domestic substitution, self-control, cost reduction, and the growth of the AI sector [1] Industry Summary - The current market for SoC testing machines is characterized by a low domestic localization rate, with most downstream chip companies still using imported devices [1] - The trend towards domestic substitution and the development of AI technology are expected to drive growth in the relevant industry [1]

Group 1 - The refining and trading sector experienced a decline of 0.77% compared to the previous trading day, with Baoli International leading the decline [1] - On the same day, the Shanghai Composite Index closed at 3828.58, up 0.22%, while the Shenzhen Component Index closed at 13157.97, up 0.67% [1] Group 2 - In terms of capital flow, the refining and trading sector saw a net outflow of 414 million yuan from main funds, while retail funds had a net inflow of 233 million yuan and speculative funds had a net inflow of 181 million yuan [2]

Group 1 - The core viewpoint of the article is that Baoli International (300135) is seeking opportunities for transformation and upgrading while maintaining stable development in its traditional businesses of asphalt and general aviation [1] - The company emphasizes that any transformation will be conducted in compliance with state-owned enterprise regulations and securities supervision [1]

Group 1 - The company, Baoli International (300135), announced on September 22 that it has ideas for transformation and upgrading [1] - Currently, the investment in Hongtai Technology is only a minority stake, and there are no specific follow-up plans at this time [1]

Core Viewpoint - Baoli International (300135) announced on September 22 that its products mainly include SoC testing machines and wafer sorting machines, which cover a wide range of mainstream application scenarios [1] Group 1: Product Overview - The company offers various models of products tailored to different niche markets [1] - All products are developed in-house, with the underlying software and architecture being independently created by the company [1] - The company holds independent intellectual property rights for its products [1]