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Group 1 - The autonomous driving concept saw a decline in the afternoon, with Bosch (300422) dropping over 10% [1] - Other companies such as Guangyang Co. (002708), Dongfeng Motor (600006), Yuhua Tian (300815), Wanma Technology (300698), StarNet Yuda (002829), and Sichuan Jinding (600678) also experienced declines [1]

Market Overview - The Shanghai Composite Index closed at 3364.94 points, above the annual line, with a gain of 0.75% [1] - The total trading volume of A-shares reached 967.73 billion yuan [1] Stocks Breaking Annual Line - A total of 207 A-shares have surpassed the annual line today [1] - Notable stocks with significant deviation rates include: - Tian Sheng New Materials (18.00%) - Guang Li Wei (14.33%) - Wan Ma Technology (12.38%) [1] Stock Performance Data - The following stocks showed notable performance: - Tian Sheng New Materials: +20.06% with a turnover rate of 32.15% [1] - Guang Li Wei: +20.01% with a turnover rate of 16.24% [1] - Wan Ma Technology: +19.99% with a turnover rate of 18.57% [1] - Other stocks with lower deviation rates include: - Xin Bao Co., Tianjin Port, and Ju Fei Optoelectronics, which just crossed the annual line [1]

Group 1 - The core viewpoint of the news highlights the active performance of the optical module CPO concept, with the Guozheng Communication Index rising by 1.61% and several component stocks, including Wanma Technology, increasing by over 16% [1] - The communication ETF (159695) tracking the Guozheng Communication Index also saw a rise of 1.58% with a turnover rate of 3.86% [1] - Nvidia's Q1 fiscal report for 2026 showed a 69% year-on-year revenue growth to $44.1 billion, exceeding market expectations, while net profit was $18.775 billion, slightly below expectations [1] Group 2 - Zhongyuan Securities anticipates a steady upward trend in the market in the short term, suggesting a focus on policy guidance while considering performance certainty and valuation recovery potential [2] - The report emphasizes the need to closely monitor policy, funding, and external market changes, with short-term investment opportunities identified in general equipment, communication equipment, and environmental protection sectors [2]

证券代码：300698 证券简称：万马科技 公告编号： 2025-015 万马科技股份有限公司 关于持股 5%比例股东股份解质押及质押的公告 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，不存在 任何虚假记载、误导性陈述或重大遗漏。 万马科技股份有限公司（以下简称"公司"）近日接到公司持股 5%股东闫 楠先生的通知，获悉其将所持有的部分本公司股份办理了股票解除质押及质押业 务，具体事项如下： 一、股东股份解除质押及质押的基本情况 是否为控 占 公 股股东或 本次解除 占其所 司 总 解 除 日 股东名称 第一大股 质押数量 持股份 起始 日 质权人 股 本 期 东及其一 （股） 比例 比例 致行动人 建德市 新安小 闫楠 否 1,800,000 26.87% 1.34% 额贷款 月 25 日 月 26 日 股份有 限公司 合计 - 1,800,000 26.87% 1.34% - - - 是否为控 占 公 是否为限 是否 股股东或 本次质 占 其 所 质 押 股 东 司 总 售股（如 为补 质押 到 质押 第一大股 押数量 持 股 份 起 始 质权人 名 称 股 本 是，注明限 充质 期 日 用途 ...

证券代码：300698 证券简称：万马科技 公告编号：2025-015 一、股东股份解除质押及质押的基本情况 | 股东名称 | 是否为控 股股东或 第一大股 东及其一 | 本 次 解 除 质押数量 （股） | 占其所 持股份 比例 | 占 司 股 | 公 总 本 | 起始日 | | | 解除日 期 | | 质权人 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | 致行动人 | | | 比例 | | | | | | | | | | | | | | | | | | | | 建德市 新安小 | | 闫楠 | 否 | 1,800,000 | 26.87% | 1.34% | | 2024 | 年 | 11 | 2025 5 | 年 | 额贷款 | | | | | | | | 月 25 | | 日 | 月 26 日 | | | | | | | | | | | | | | | 股份有 | | | | | | | | | | | | | 限公司 | | 合计 | - | 1,800,000 | 26.87% | 1 ...

Group 1 - The communication index increased by 0.73% as of May 26, 2025, with notable stock performances from Wuhan Fangu, Yongding Co., Wanma Technology, Haige Communication, and Shenglu Communication [1] - The communication ETF (159695) rose by 0.88%, with a 3.09% increase over the past month, ranking first among comparable funds [1] - The communication ETF recorded a trading volume of 1.0157 million yuan during the session, with an average daily trading volume of 8.9962 million yuan over the past year [4] Group 2 - The communication ETF's scale grew by 13.1801 million yuan in the past six months, leading in growth among comparable funds [4] - The ETF's shares increased by 13 million units in the last six months, also ranking first in new share growth among comparable funds [4] - The Ministry of Industry and Information Technology plans to accelerate the development of 5G-A and 6G technologies, enhancing modern industrial systems [4] Group 3 - The top ten weighted stocks in the communication index include China Telecom, ZTE, China Mobile, and China Unicom, accounting for 58.92% of the index [4] - Investors can access opportunities in optical communication under the AI transformation through the communication ETF linked fund (019072) [4]

Core Viewpoint - The recent increase in terminated share transfer agreements among listed companies highlights a dual nature in the market, where some companies continue to pursue strategic investments while others face regulatory scrutiny and market conditions that hinder transactions [2][5][6]. Group 1: Market Dynamics - In May, 13 listed companies announced the termination of share transfer agreements, a significant increase compared to previous months, which typically saw only three to five cases [5]. - The reasons for termination often include incomplete procedures and market conditions where previously set transfer prices are now below current market values [5][6]. - Despite the rise in terminations, there are still ongoing agreements aimed at introducing strategic investors or changing actual controllers, indicating that the market remains active [7][8]. Group 2: Regulatory Environment - The tightening of regulations following the introduction of new reduction rules has led to increased scrutiny of share transfer agreements, with calls for clearer prohibitions on certain behaviors to prevent gray operations [3][9]. - The market is seeing a trend where parties involved in agreements are extending lock-up periods to enhance compliance and reduce the risk of speculative trading [10][11]. Group 3: Strategic Implications - Protocol transfers serve as an effective tool for major shareholders to meet liquidity needs while avoiding direct impacts on stock prices from secondary market sales [6][8]. - The presence of financial investors as transferees is becoming more challenging, but agreements aimed at strategic partnerships continue to progress normally [8]. - The market's dual characteristics suggest a need for balance between resource allocation functions and risk prevention in the context of share transfers [3][10].

证券代码：300698 证券简称：万马科技 公告编号：2025-014 万马科技股份有限公司 具体情况详见公司在巨潮资讯网披露的《关于股东拟协议转让公司股份暨权 益变动的提示性公告》（公告编号：2024-067）等相关公告。 二、本次协议转让的进展及签署补充协议情况 近日，盛涛先生与浙江金证资产管理有限公司（代表"金证红升 1 号私募证 券投资基金"）（以下简称"受让方"）签署了《关于万马科技股份有限公司之 让协议》作出补充约定，主要内容如下： 上述标的股份。 部分，与其具有同等法律效力。本补充协议与《股份转让协议》约定不一致的， 应以本补充协议约定为准。 除上述补充的三条内容之外，其他协议内容无任何变化。 关于大股东拟协议转让公司股份的进展 暨签署补充协议的公告 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，不存在 任何虚假记载、误导性陈述或重大遗漏。 一、本次协议转让的基本情况 万马科技股份有限公司（以下简称"公司"）大股东盛涛先生于 2024 年 12 月 27 日与浙江金证资产管理有限公司（代表"金证红升 1 号私募证券投资基金"） 签署了《关于万马科技股份有限公司之 5%股份转让协议》（ ...

万马科技（300698）公告，公司大股东盛涛于2024年12月27日与浙江金证资产管理有限公司签署了《关 于万马科技股份有限公司之5%股份转让协议》，通过协议转让方式转让公司股份670万股给浙江金证资 产管理有限公司-金证红升1号私募证券投资基金，占公司总股本的5.00%。近日，盛涛与浙江金证资产 管理有限公司签署了补充协议，受让方承诺在本次标的股份转让完成过户登记后的12个月内不减持上述 标的股份。 ...