Group 1 - The marine economy concept has gained momentum, with significant stock price increases for companies such as Qianeng Hengxin (up approximately 15%), Zhongshui Fishery (limit up), and Deepwater Haina (up over 6%) [1] - A recent press conference by the State Council highlighted the importance of deep-sea technology, indicating a focus on deep-sea development and security, which is expected to receive priority development [1] - The use of acoustic technology for deep-sea perception and communication, along with the need for titanium alloy in deep-sea platforms, presents investment opportunities in acoustic and titanium materials [1] Group 2 - Deep-sea oil and gas resources are substantial, with over 70% of global oil and gas reserves located in oceans, and 44% of that from deep water [2] - In the past decade, 100 large oil and gas fields have been discovered globally, with deep-water fields accounting for 57% of the number and 68% of the reserves [2] - China's deep and ultra-deep oil and gas resources total 671 million tons, representing 34% of the national total, but the current offshore oil and gas production is only 18% of total production, indicating a significant gap from the global average of 30% [2] - The strategic importance of increasing exploration and development in deep-water areas is emphasized for reducing foreign dependence on oil and gas and ensuring energy security [2] - The complex and harsh deep-sea environment necessitates high-performance materials and equipment, which are expected to benefit from domestic technological breakthroughs and accelerated application [2]

| 交易日期 | 证券代码 | 证券简称 | 成交价格 | 成交軍 | 成交全额 | 买方营业部 | 卖方营业部 | | --- | --- | --- | --- | --- | --- | --- | --- | | | | | (元) | (万股/万份) | (万元) | | | | 2025-07-29 | 300961 | 深水海纳 | 14.60 | 40.27 | 587.97 | 平安证券股份有限 | 国投证券股份有限 | | | | | | | | 公司深圳蛇口招商 | 公司深圳宝安海秀 | | | | | | | | 路招商大厦证券营 | 路证券营业部 | 7月29日，深水海纳大宗交易成交40.27万股，成交额587.97万元，占当日总成交额的1.38%，成交价14.6元，较市场收盘价 18.81元折价22.38%。 ...

Core Viewpoint - The environmental governance sector experienced a decline of 0.73% on July 29, while the Shanghai Composite Index rose by 0.33% and the Shenzhen Component Index increased by 0.64% [1][3] Group 1: Market Performance - The closing price of the Shanghai Composite Index was 3609.71, and the Shenzhen Component Index closed at 11289.41 [1] - Key stocks in the environmental governance sector showed significant gains, with KJY (301372) leading at a 20.02% increase, closing at 29.62 [1] - Other notable performers included LYE (002887) with a 9.95% increase, closing at 9.39, and JGXF (300958) with a 5.75% increase, closing at 14.72 [1] Group 2: Trading Volume and Value - KJY (301372) had a trading volume of 119,100 shares and a transaction value of 340 million yuan [1] - LYE (002887) recorded a trading volume of 259,400 shares and a transaction value of 228 million yuan [1] - The total trading volume and value for the environmental governance sector were significant, indicating active market participation despite the overall sector decline [1] Group 3: Capital Flow - The environmental governance sector saw a net outflow of 483 million yuan from institutional investors, while retail investors contributed a net inflow of 287 million yuan [3] - Speculative funds recorded a net inflow of 195 million yuan into the sector, indicating mixed investor sentiment [3] - The overall capital flow dynamics suggest a divergence in investment strategies among different types of investors within the environmental governance sector [3]

Core Viewpoint - The announcement details the plan of major shareholders, including director Li Qin and her concerted action partner Tibet Dayu Investment Co., Ltd., to reduce their holdings in Deepwater Haina Water Group Co., Ltd. by up to 3,545,600 shares, representing 2% of the total share capital, within three months from the disclosure date [1][2]. Shareholder Information - Shareholder names: Li Qin and Tibet Dayu Investment Co., Ltd. [2] - Current shareholding details: - Li Qin holds 7,888,956 shares, accounting for 4.45% of the total share capital - Tibet Dayu holds 9,266,620 shares, accounting for 5.23% of the total share capital - Combined, they hold 17,155,576 shares, representing 9.68% of the total share capital [2]. Reduction Plan Details - The reduction plan allows for a maximum reduction of 2% of the total share capital, proportionate to their respective holdings [2]. - The reduction period is set from July 25, 2025, to October 24, 2025 [2]. - The shares can be reduced through centralized bidding or block trading, with a limit of 1% for centralized bidding and 2% for block trading [2]. Shareholder Commitments - Li Qin and Tibet Dayu have made commitments regarding share transfers, including: - No transfer of shares for 12 months post-IPO and restrictions on annual transfers during her tenure as a director [3][4]. - If the stock price falls below the issue price for 20 consecutive trading days, the lock-up period will extend by 6 months [3][4]. - Any reduction in shares after the lock-up period must not be below the issue price [4][6]. Compliance and Disclosure - The shareholders will adhere to relevant regulations and ensure timely disclosure of the reduction plan, including the number of shares, price range, and timing [4][6]. - The company will comply with legal obligations and fulfill information disclosure duties [8].

Group 1 - The company Deepwater Haina (300961.SZ) announced that shareholders plan to reduce their holdings by no more than 3% of the company's shares [1] - Shareholder Li Qin holds 4.45% of the company, while Tibet Dayu holds 5.23%, totaling 9.68% [1] - The planned reduction involves selling up to 3.5456 million shares, which represents no more than 2% of the total share capital [1] Group 2 - The reduction is motivated by Li Qin's personal funding needs and the operational development requirements of Tibet Dayu [1] - The reduction period is set for three months starting fifteen trading days after the announcement [1] - The selling methods include centralized bidding and block trading, with a limit of 1% through centralized bidding and 2% through block trading [1]

证券代码：300961 证券简称：深水海纳 公告编号：2025-036 深水海纳水务集团股份有限公司 关于合计持股 5%以上股东减持股份预披露公告 公司董事李琴女士及其一致行动人西藏大禹投资有限公司保证向本公司提 供的信息内容真实、准确、完整，没有虚假记载、误导性陈述或重大遗漏。 本公司及董事会全体成员保证公告内容与信息披露义务人提供的信息一 致。 特别提示： 公司董事李琴女士持有深水海纳水务集团股份有限公司（以下简称"公司" 或"深水海纳"）股份 7,888,956 股（占本公司总股本比例 4.45%），持股 5%以上 股东西藏大禹投资有限公司（以下简称"西藏大禹"）持有公司股份 9,266,620 股 （占本公司总股本比例 5.23%），李琴女士及其一致行动人西藏大禹合计持有 公司股份 17,155,576 股（占本公司总股本比例 9.68%）。 李琴女士及其一致行动人西藏大禹计划在自本公告披露之日起十五个交易 日后的三个月内以集中竞价交易方式或以大宗交易方式减持本公司股份合计不 超过 3,545,600 股（占公司总股本比例 2%）。 公司于近日收到公司股东李琴女士及其一致行动人西藏大禹的《股东减持 计 ...

Group 1 - The electronic sector saw a net inflow of over 6.32 billion, leading among various sectors [1][2] - The pharmaceutical sector experienced a net inflow of 1.58 billion, while the communication sector had a net inflow of 1.56 billion [2] - The mechanical equipment sector faced the highest net outflow at 3.15 billion, followed by basic chemicals at 2.10 billion and national defense at 1.82 billion [2] Group 2 - Industrial Fulian topped the list of individual stocks with a net inflow of 1.675 billion, representing a net inflow rate of 21.97% [3] - Other notable stocks with significant net inflows include Ningde Times at 1.135 billion and Luxshare Precision at 740 million [3] - Yuyin Co. led the net outflow list with over 700 million, followed by Shanzigaoke at 410 million and Changcheng Electric at 370 million [4]

Market Overview - The A-share market showed a consolidation pattern on July 2, with the Shanghai Composite Index closing at 3454.79 points, down 0.09%, and the Shenzhen Component Index at 10412.63 points, down 0.61% [1] - The total trading volume in the Shanghai and Shenzhen markets was 137.69 billion yuan, a decrease of approximately 90 billion yuan compared to the previous day [1] Ocean Economy Sector - Since mid-June, new economic themes in the A-share market have shown a strong rotation, with sectors like trendy retail, innovative pharmaceuticals, and AI computing power performing well [2] - The ocean economy concept emerged as the strongest market focus, with several related stocks hitting the daily limit up, following the Central Financial Committee's meeting emphasizing high-quality development of the ocean economy [2] - The government work report this year highlighted the importance of developing the ocean economy and included "deep-sea technology" as a key focus for future industrial development [2] Ocean Economy Development - Recent analysis indicates rapid development in China's ocean economy, with regions like Shanghai, Guangdong, and Qingdao increasing support for emerging industries such as ocean renewable energy and marine biomedicine [3] - Traditional ocean industries are steadily growing, while new sectors like marine engineering equipment and ocean power are emerging as significant economic drivers [3] - Deep-sea technology is identified as a critical pillar for ocean resource development, encompassing deep-sea materials, equipment manufacturing, and digital applications [3] Technology Sector Trends - The technology sector remains a structural mainline in the A-share market, with new technology and consumption themes gaining traction and improving trading sentiment [4] - The market is experiencing a transition from previous leaders like banks and small-cap stocks to new hotspots, indicating a shift in investment focus [4] - Analysts predict that the A-share market has room for growth in July, driven by continuous industrial innovation and a systematic reduction in market discount rates [4] Growth and Investment Focus - The market's risk appetite has improved since June, favoring growth assets, as reflected in the strong performance of indices like the ChiNext Index and CSI 1000 [5] - Although high-dividend sectors still hold long-term value, they may face short-term pressure as the market shifts focus to performance factors during the semi-annual report trading phase [5] - The ongoing strength of growth assets and active trading funds are expected to support market risk appetite [5]

Core Viewpoint - The steel industry is experiencing a significant price increase due to production cuts driven by environmental regulations and government policies aimed at eliminating outdated capacity. This has led to a reduction in steel output expectations, particularly in Tangshan, where a 30% production cut has been mandated from July 4 to July 15. The market anticipates further impacts on steel production as a result of these measures [1][3]. Group 1: Steel Industry Insights - The recent meeting of the Financial and Economic Committee emphasized the need to push for the elimination of outdated production capacity, directly influencing the steel market [1]. - Tangshan steel mills have received directives for a 30% production cut, which is expected to significantly lower steel inventories and production levels [1]. - The China Iron and Steel Association reported that steel billet exports in the first four months of 2025 have already surpassed the total for 2024, prompting suggestions for export restrictions [1]. - A total of approximately 30 million tons of production cuts have been ordered for the year, coinciding with a seasonal demand lull, which has heightened market expectations for reduced steel output [1]. Group 2: Market Reactions and Trends - Longjiang Securities noted that administrative production cuts could act as a bullish option for the steel sector, particularly in July, which is traditionally a slow season for demand [3]. - The announcement of production cuts in the photovoltaic glass sector has also led to significant price increases in that market, indicating a broader trend of supply-side reforms impacting various sectors [3]. - The steel sector saw a strong rally in stock prices, with companies like Liugang and Chongqing Steel hitting their daily price limits amid these developments [9][10]. Group 3: Broader Economic Context - The overall A-share market experienced a decline, with major indices falling and a significant number of stocks trading lower, reflecting broader economic pressures [9]. - The government is expected to focus on structural adjustments across multiple industries, including steel, refining, and new energy sectors, as part of its economic strategy [7]. Group 4: Investment Trends - Institutional investors have begun to sell off some positions in response to the recent price increases in steel, indicating a cautious approach to the current market dynamics [1][4]. - The market's reaction to production cuts in both the steel and photovoltaic sectors suggests a growing trend towards supply-side management as a means to stabilize prices and manage excess capacity [3].

Core Viewpoint - The steel and photovoltaic sectors experienced significant market movements due to news of production cuts, with steel stocks surging and photovoltaic companies responding to planned production reductions. Steel Sector - The steel sector saw a substantial rally, with stocks like Shengde Xintai rising by 17% and several others hitting the daily limit up [3][6] - Chongqing Steel's stock surged over 90% at one point during the trading session, reflecting strong market sentiment [4][6] - Reports indicate that approximately half of the steel mills in Tangshan received notifications regarding production cuts, which could reduce daily output by 30,000 tons [6][9] - The China Iron and Steel Association is set to hold a meeting to discuss the industry's progress and challenges, indicating a focus on future strategies [6] Marine Economy - The marine economy sector showed strong performance, with stocks like Klete and Deepwater Haina hitting their daily limit up [7][9] - The Central Financial Committee emphasized the importance of high-quality development in the marine economy, which is expected to attract more investment and policy support [8][9] Photovoltaic Sector - The photovoltaic industry saw significant gains, with stocks like Xiuchang and Daye Intelligent reaching their daily limit up [10][12] - Major photovoltaic glass manufacturers are planning a collective production cut of 30% starting in July, which is expected to help stabilize the market [11][12] - Analysts suggest that the demand for photovoltaic products may weaken in the second half of the year, prompting companies to adjust their production strategies [12]