格隆汇8月14日丨旋极信息(300324.SZ)在互动平台表示，公司没有参与军演，公司相关情况请您关注公 司披露的日常公告和定期报告。 ...

证券日报网讯旋极信息（300324）8月13日在互动平台回答投资者提问时表示，软件著作权主要保护的 是软件作品的版权，但公司的核心竞争力体现在提供整体的系统级解决方案上，包括但不限于硬件设 计、软件优化以及系统集成能力。对于"有限动态功耗芯片系统的串联供电任务调度方法"这一授权专 利，能体现公司在芯片设计中提高能效、降低能耗方面的能力，特别是大芯片的设计中电源管理是高性 能芯片不可或缺的一部分，它直接影响到芯片的整体性能和用户体验。公司也会在后续研发过程中，持 续进行专利等知识产权的申请。另外，公司对该芯片性能进行了现场核验，同时专业机构也出具了检测 结果。 ...

Group 1 - Niuwei Co., Ltd. reported a net profit of 637 million yuan for the first half of 2025, representing a year-on-year increase of 30.47% [1] - The company achieved a total operating revenue of 3.404 billion yuan, up 19.96% year-on-year [1] - Niuwei specializes in the research, manufacturing, and sales of industrial valves [2] Group 2 - Shandong Haohua plans to acquire a 29% stake in Zhongyan Alkali Industry with a total investment of 2.32 billion yuan [2] - The company is involved in the production of soda ash and caustic soda [3] Group 3 - Dongfang Co., Ltd. announced a partnership with Dongfang Import and Export Company to develop overseas marketing business [38] - The company focuses on the research, production, and sales of light commercial vehicles and powertrains [38] Group 4 - Xinyuan Technology reported a net profit of 52.6 million yuan for the first half of 2025, a year-on-year increase of 10.70% [12] - The company achieved an operating revenue of 2.871 billion yuan, up 3.86% year-on-year [12] - Xinyuan provides one-stop custom development and production services for pharmaceutical companies and research institutions [12] Group 5 - Zhuhai Piano announced that its subsidiary won the operating rights project for the Baihuazhai scenic area, with an investment of no less than 400 million yuan over 20 years [21] - The company specializes in the research, manufacturing, and sales of pianos and digital musical instruments [21] Group 6 - Zhenghong Technology reported a sales revenue of 26.02 million yuan from pig sales in July, a year-on-year increase of 288.69% [16] - The company sold 63,000 pigs in total from January to July 2025, with a cumulative sales revenue of 109 million yuan, representing a year-on-year increase of 38.06% [16] - Zhenghong focuses on feed products and pig farming [17] Group 7 - ST Nuotai received the cGMP certification from Brazil's National Health Surveillance Agency for its production facility [15] - The company specializes in the research and development of peptide drugs and small molecule pharmaceuticals [15] Group 8 - Guizhou Moutai has repurchased a total of 3.4517 million shares, accounting for 0.2748% of its total share capital, with a total expenditure of 5.301 billion yuan [48][49] - The company is engaged in the production and sales of Moutai liquor and related products [49]

Investment Rating - The report maintains an "Overweight" rating for the defense and military industry, suggesting that the industry is expected to outperform the overall market [3][28]. Core Insights - The military industry is experiencing a positive cycle driven by domestic demand, particularly due to the ongoing modernization of the military, which is expected to enhance domestic demand and support growth in the military sector [5][6]. - The report highlights a significant increase in global military trade demand, driven by geopolitical changes, which is anticipated to create a strong resonance between supply and demand in China's military trade [5][6]. - The military sector is expected to see an increase in overall valuation as the global military trade landscape evolves and domestic construction cycles expand, leading to greater recognition and higher valuations for military technology [5][6]. - The report recommends increasing attention to military stocks, particularly those related to next-generation equipment and precision-guided weapons, which are expected to enter a growth phase by 2025 [5][6]. Market Review - Last week, the Shenwan Defense and Military Index rose by 0.08%, outperforming the ChiNext Index, the CSI 300, and the Shanghai Composite Index, which fell by 0.74%, 1.75%, and 0.94% respectively [3][6]. - The report notes that the military sector's performance ranked 6th among 31 Shenwan primary industry sectors, with the average increase of the civil-military integration index at 0.65% [3][6]. - The top five performing stocks in the defense sector last week included Shanhe Intelligent (28.88%), Great Wall Military (22.91%), Aerospace Power (13.95%), Aileda (13.22%), and Zhongguang Lightning Protection (11.08%) [3][12]. Valuation Changes - The current PE-TTM for the Shenwan military sector is 84.97, placing it in the upper range historically, with a valuation percentile of 71.81% since January 2014 and 99.75% since January 2019 [13][18]. - The report indicates a slight differentiation in valuations among sub-sectors, with aerospace and aviation equipment currently positioned at a relatively high valuation level since 2020 [13][18]. Key Valuation Targets - The report lists several key targets within the military sector, including high-end combat capabilities and new quality combat capabilities, with specific companies highlighted for their growth potential and market positioning [5][20].

Core Viewpoint - The company Xuanji Information (300324) has decided to dissolve the Tian Di Yi Ti Fund due to significant changes in the fund's project circumstances, leading to a lack of substantial progress in operations and investment decisions [1][2][3] Group 1: Fund Details - The initial scale of the Tian Di Yi Ti Fund was set at no more than 605 million yuan, with Xuanji Information contributing 70 million yuan, representing an 11.57% share [2] - The fund's general partner, Tianjin Binhai New Area Equity Investment Fund Management Co., Ltd., contributed 5 million yuan, accounting for 0.83% of the fund [2] - The fund aimed to invest in high-quality projects in satellite communication, IoT, and new infrastructure sectors [1][3] Group 2: Company Background - Xuanji Information specializes in embedded systems, focusing on providing testing products and technical services for defense and military applications, as well as embedded information security products [1] - The company previously expressed that the fund would enhance its competitiveness in the aerospace sector by leveraging external professional investment resources [3] Group 3: Impact of Fund Dissolution - As of the announcement date, Xuanji Information had not made any payments to the Tian Di Yi Ti Fund, and the termination of this investment will not materially affect the company's operations or financial status [3]

由于基金项目的客观情况发生重大变化，基金与项目落地工作长期停滞，基金在运营管理、投资决策等 方面均无实质性进展，且各合伙人均未实际出资，为最大限度保障各方利益，依据合伙协议及法律法 规，经各方充分沟通与友好协商，决定解散并注销天地一体基金。 格隆汇8月4日丨旋极信息(300324.SZ)公布，此前披露，公司拟与天津滨海新区建投股权投资基金管理 有限公司、天津中投投资发展有限公司及宁波桐曦资产管理有限公司共同设立天地一体数字产业发展基 金(天津)合伙企业(有限合伙)(工商核准名，简称"天地一体基金")。天地一体基金初始规模不高于人民币 6.05亿元，公司为有限合伙人，使用自筹资金出资7,000万元，出资份额11.57%。 ...

Group 1 - The company, Xuanji Information (300324), announced on August 4 that it will terminate its investment in the Tian Di Yi Ti Digital Industry Development Fund (Tianjin) [1] - As of the announcement date, the company has not paid any investment funds to the Tian Di Yi Ti Fund, indicating that the termination will not have a substantial impact on its production operations or financial status [1] - The termination of this investment does not harm the interests of the company or all shareholders [1]

旋极信息公告，公司于2023年4月21日决定与天津滨海新区建投股权投资基金管理有限公司、天津中投 投资发展有限公司及宁波桐曦资产管理有限公司共同设立天地一体数字产业发展基金（天津）合伙企 业。该基金初始规模不高于6.05亿元，公司出资7000万元，占11.57%份额。由于基金项目客观情况发生 重大变化，且各合伙人均未实际出资，决定终止投资并解散基金。此次终止投资不会对公司生产经营及 财务状况产生实质性影响。 ...

一、对外投资概述 北京旋极信息技术股份有限公司（以下简称"旋极信息"或"公司"）于 2023 年 4 月 21 日召开第五届董事会第二十次会议，审议通过了《关于对外投资设立 天地一体数字应用产业发展基金（天津）合伙企业的议案》，董事会同意公司与 天津滨海新区建投股权投资基金管理有限公司（以下简称"建投股权基管公司"）、 天津中投投资发展有限公司（以下简称"天津中投"）及宁波桐曦资产管理有限公 司（以下简称"桐曦资产"）共同设立天地一体数字产业发展基金（天津）合伙企 业（有限合伙）（工商核准名，以下简称"天地一体基金"）。天地一体基金初始 规模不高于人民币6.05亿元，公司为有限合伙人，使用自筹资金出资7,000万元， 出资份额 11.57%。 上述内容详见公司于 2023 年 4 月 22 日在巨潮资讯网披露的《关于对外投资 设立天地一体数字应用产业发展基金（天津）合伙企业的公告》。 证券代码：300324 证券简称：旋极信息 公告编号：2025-018 北京旋极信息技术股份有限公司 关于终止投资天地一体数字产业发展基金（天津）合伙企业 的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚 ...

Group 1 - The company, Xuanji Information (300324), stated on August 1 that it currently has no collaboration with Yushu Technology [1]