Core Viewpoint - Fund manager Wu Hao oversees two funds, with the best-performing fund being Huaxia High-end Manufacturing Mixed A (002345), which achieved a quarterly net value increase of 1.01% by the end of Q2 2025 [1]. Fund Performance Summary - Huaxia High-end Manufacturing Mixed A has a total scale of 9.11 billion, with an annualized return of 2.04% and a quarterly increase of 1.01%. The top holding is Guoguang Electric, accounting for 8.47% of the net value [2]. - Huaxia High-end Manufacturing Mixed C has a scale of 0.21 billion, with a negative annualized return of -9.01% and a quarterly increase of 0.86%, also holding Guoguang Electric at 8.47% [2]. - Wu Hao's management of Huaxia High-end Manufacturing Mixed A has yielded a cumulative return of 35.89% and an average annualized return of 6.19%. The fund has made 89 adjustments to its heavy holdings, with a success rate of 66.29% [2]. Stock Adjustment Cases - Notable stock adjustments include: - Trina Solar (天合光能) was bought in Q2 2021 and sold in Q3 2021, yielding an estimated return of 141.89% with a company revenue growth of 51.20% during the holding period [3][5]. - Tongwei Co., Ltd. (通威股份) was held from Q2 2020 to Q4 2020, achieving a return of 120.32% with a company performance increase of 36.95% [3]. - Tanfeng Communication (天孚通信) was held from Q2 2023 to Q2 2024, resulting in a return of 96.16% with a net profit growth of 84.07% [6]. Underperforming Stock Cases - Underperforming stocks include: - Green Harmony (绿的谐波) was held from Q4 2023 to Q3 2024, resulting in a return of -48.55% despite a revenue growth of 8.77% [4][6]. - Huayi Technology (华依科技) was held from Q4 2023 to Q2 2024, with a return of -44.46% and a performance increase of 20.36% [4].

Core Viewpoint - The company plans to invest 1.141 billion yuan in the construction of the Sinok New Energy Technology Park project to expand its production capacity for fuse products and related components, aiming for long-term growth and enhanced competitiveness [1][2]. Investment and Expansion - The total investment for the Sinok New Energy Technology Park project is 1.141 billion yuan, which will be used for building factories, R&D facilities, and purchasing machinery for the production of traditional fuses, incentive fuses, circuit breakers, DC contactors, current sensors, and integrated products [2]. - The project is located in Xi'an and is expected to be completed by the end of 2027 [2]. - The investment aligns with the company's strategic planning and operational needs, aiming to optimize production processes and enhance R&D capabilities [2]. Financial Performance - The company expects to achieve a net profit attributable to shareholders of 121 million to 151 million yuan in the first half of 2025, representing a year-on-year growth of 84.71% to 130.43% [4]. - In the first quarter of 2025, the company's revenue was 390 million yuan, with a year-on-year increase of 44.98%, and a net profit of approximately 60.75 million yuan, up 125.81% [5]. - The net profit has shown continuous growth for five consecutive quarters, with growth rates of 58.22%, 90.92%, and 112.38% from the second to the fourth quarter of 2024 [6]. Market Trends - The company's main business involves the R&D, production, and sales of fuses and related components, primarily serving the new energy generation and consumption sectors [4]. - The demand for circuit protection components is rapidly increasing, driven by the growth in the new energy and communication industries [4]. - In 2024, the company generated 897 million yuan in revenue from the new energy vehicle sector, accounting for 63.13% of total revenue, with a year-on-year growth of 50.47% [4].

Group 1 - Yaxin Security plans to reduce its shareholding by up to 3%, totaling no more than 12 million shares, from August 8, 2025, to November 7, 2025 [1] - Shangwei Co. intends to issue up to 180 million shares to its controlling shareholder, raising no more than 1.144 billion yuan for digital upgrades and working capital [1][2] - Anker Innovations is exploring the possibility of overseas share issuance to enhance its global strategy and brand image, with no specific plan confirmed yet [3] Group 2 - AVIC Xi'an Aircraft Industry Group's chairman resigned due to work changes, effective immediately upon submission of the resignation [4] - Tianci Materials signed a procurement cooperation agreement to supply at least 550,000 tons of electrolyte products to Chuangneng New Energy from 2025 to 2030, enhancing market share and profitability [5][6] - Guangshentang's innovative drug GST-HG131 has been included in the list of breakthrough therapies, but this does not guarantee market approval or immediate financial impact [7][8] Group 3 - Chaozhuo Aerospace plans to reduce its shareholding by up to 3%, totaling no more than 896,000 shares, from August 7, 2025, to November 6, 2025 [9] - Taiji Group intends to repurchase shares worth between 80 million and 120 million yuan, with a maximum price of 28.03 yuan per share, to be used for cancellation [11][12] - Xibu Materials plans to invest 125 million yuan in a private placement by its subsidiary to raise 147 million yuan for working capital and loan repayment [13] Group 4 - Shantui Co. plans to issue H-shares and apply for listing on the Hong Kong Stock Exchange [14] - *ST Huawang intends to acquire 55.5% of Niwei Power for 666 million yuan, entering the new energy hybrid vehicle sector [15] - Tailin Bio's controlling shareholder plans to reduce its shareholding by up to 1.5%, totaling no more than 1.8195 million shares, for personal funding needs [17] Group 5 - Huicheng Vacuum plans to reduce its shareholding by up to 3%, totaling no more than 3 million shares, from August 7, 2025, to November 6, 2025 [18][19] - Kesi Co.'s actual controller plans to reduce its shareholding by up to 3%, totaling no more than 14.27 million shares, for personal funding needs [20][21] - Zhongchong Co.'s controlling shareholder plans to reduce its shareholding by up to 1.5%, totaling no more than 4.56 million shares, for funding needs [22][23] Group 6 - Shanhigh Environmental plans to raise no more than 718 million yuan through a private placement to supplement working capital and repay bank loans [24][25] - Zhongrong Electric plans to invest 114 million yuan in the construction of the Sinok New Energy Technology Park, expected to be completed by the end of 2027 [26] - Kaisen New Materials' shareholder plans to transfer 4.75% of its shares, totaling 20 million shares, for personal funding needs [27] Group 7 - Xinxin Standard's controlling shareholder plans to reduce its shareholding by up to 3%, totaling no more than 6.7792 million shares, for personal funding needs [28] - Chuhuan Technology plans to invest 9.99 million yuan in a partnership focused on high-end manufacturing, including semiconductors and new materials [29] - Shankai Intelligent's stock will resume trading after a share transfer agreement with Changjiang Aerospace, which will become the controlling shareholder [30]

Group 1 - The rumor of Federal Reserve Chairman Powell being fired by Trump caused significant market fluctuations, with a drop in U.S. stocks and a rise in gold and Bitcoin prices [1][3] - After Trump denied the rumors, U.S. stocks rebounded, with the S&P 500 rising by 0.32%, the Dow Jones by 0.53%, and the Nasdaq by 0.26% [1] - The 2-year U.S. Treasury yield fell by over 7 basis points during the rumor but narrowed its decline after the denial [3] Group 2 - Tesla's stock increased by 3.5% as the Model Y L is set to be delivered this fall [2] - Chip stocks experienced mixed results, with AMD rising by 3% while ASML fell by over 8% [2] - The Nasdaq Golden Dragon China Index fell by 1.41%, with notable movements in Chinese concept stocks [2] Group 3 - The U.S. House Financial Services Committee Chairman stated that there are enough votes to push forward a stablecoin bill [5] - The CEO of a major U.S. bank indicated plans to collaborate with some stablecoin projects [6] Group 4 - Major developments in China's economic policies include initiatives to boost consumption and regulate the electric vehicle industry [9][10] - The Henan provincial government has introduced policies to support mergers and acquisitions for listed companies [10] Group 5 - The tungsten market continues to see price increases, with black tungsten concentrate prices rising by 25% since the beginning of the year [21] - The Ministry of Natural Resources has reduced the tungsten mining quota for 2024 and 2023, indicating tighter supply conditions [21] Group 6 - MiniMax is nearing completion of a new financing round of approximately $300 million, with a post-financing valuation exceeding $4 billion [19] - The company is reportedly seeking an A-share listing, reflecting its commercial potential in the AI sector [19] Group 7 - The Beijing Economic Development Zone has launched a special fund to support 6G technology development, with a maximum funding of 30 million yuan for qualifying enterprises [20] - The initiative aims to establish a leading 6G innovation development area by 2030 [20]

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西安中熔电气股份有限公司 舆情管理制度 第一章 总则 第一条 为提高西安中熔电气股份有限公司（以下简称"本公司"）应对各类 舆情的能力，建立快速反应和应急处置机制，及时、妥善处理各类舆情对公司股 价、公司商业信誉及正常生产经营活动造成的影响，切实保护投资者合法权益，根 据相关法律、法规和规范性文件的规定及《公司章程》，结合公司实际情况，制定本 制度。 第二条 本制度所称舆情包括： （一）报刊、电视、网络等媒体对公司进行的负面、不实报道； （二）社会上存在的已经或将给公司造成不良影响的传言或信息； （三）可能或者已经影响社会公众投资者投资取向，造成股价异常波动的信 息； （四）其他涉及公司信息披露且可能对公司股票交易价格产生较大影响的事 件信息。 第二章 舆情管理的组织体系及其工作职责 第三条 公司应对各类舆情（尤其是媒体质疑危机时）实行统一领导、统一 组织、快速反应、协同应对。 第四条 公司成立应对舆情管理工作领导小组（以下简称"舆情工作组"） ， 由公司董事长任组长，董事会秘书任副组长，成员由公司其他高级管理人员及 相关职能部门负责人组成。 第五条 舆情工作组是公司应对各类舆情（尤其是媒体质疑信息）处理工 ...

西安中熔电气股份有限公司 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。 一、董事会会议召开情况 西安中熔电气股份有限公司（以下简称"公司"）第四届董事会第三次会议通 知于2025年7月10日以电子邮件、微信等通讯方式向全体董事发出，董事会于2025年7 月16日以现场结合通讯表决方式在公司会议室召开。本次会议应出席董事9名，实际 出席董事9名，由董事长方广文先生召集和主持，公司高级管理人员列席了本次会议。 本次董事会会议的召集和召开符合《中华人民共和国公司法》（以下简称《公司 法》）等相关法律法规及《公司章程》《董事会议事规则》等公司内部制度的有关规定。 二、董事会会议审议情况 证券代码：301031 证券简称：中熔电气 公告编号：2025-073 （二）审议并通过《关于投资建设赛诺克新能源科技园项目的议案》 随着公司不断发展，业务规模持续扩大，根据经营规划需要，为进一步统筹规划 发展业务，增强公司竞争力，完善业务布局，公司拟投资建设赛诺克新能源科技园项 目。详见巨潮资讯网（http://www.cninfo.com.cn）《关于投资建设赛诺克新能源科 技园 ...

证券代码：301031 证券简称：中熔电气 公告编号：2025-074 西安中熔电气股份有限公司 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。 西安中熔电气股份有限公司（以下简称"公司"或"中熔电气"）第四届 董事会第三次会议审议通过了《关于提请召开2025年第一次临时股东大会的议 案》，决定于2025年8月1日（星期五）召开2025年第一次临时股东大会。现将 本次会议的有关事项提示如下： 一、召开会议的基本情况 规、部门规章、规范性文件、深圳证券交易所业务规则和公司章程等规定。 （1）现场会议召开时间：2025年8月1日（星期五）下午14:30。 （2）网络投票时间：①通过深圳证券交易所交易系统进行网络投票的时间 为2025年8月1日9:15—9:25，9:30—11:30，13:00—15:00；②通过深圳证券交易 所互联网投票系统进行网络投票的时间为2025年8月1日9:15—15:00。 现场投票：股东本人出席本次会议现场会议或书面委托代理人出席现场会 议；网络投票：本次股东大会通过深圳证券交易所交易系统和互联网投票系统 （http://wltp.c ...

西安中熔电气股份有限公司 舆情管理制度 第一章 总则 第一条 为提高西安中熔电气股份有限公司（以下简称"本公司"）应对各类 舆情的能力，建立快速反应和应急处置机制，及时、妥善处理各类舆情对公司股 价、公司商业信誉及正常生产经营活动造成的影响，切实保护投资者合法权益，根 据相关法律、法规和规范性文件的规定及《公司章程》，结合公司实际情况，制定本 制度。 第二条 本制度所称舆情包括： （一）报刊、电视、网络等媒体对公司进行的负面、不实报道； （二）社会上存在的已经或将给公司造成不良影响的传言或信息； （三）可能或者已经影响社会公众投资者投资取向，造成股价异常波动的信 息； （四）其他涉及公司信息披露且可能对公司股票交易价格产生较大影响的事 件信息。 第二章 舆情管理的组织体系及其工作职责 第三条 公司应对各类舆情（尤其是媒体质疑危机时）实行统一领导、统一 组织、快速反应、协同应对。 第四条 公司成立应对舆情管理工作领导小组（以下简称"舆情工作组"）， 由公司董事长任组长，董事会秘书任副组长，成员由公司其他高级管理人员及 相关职能部门负责人组成。 第五条 舆情工作组是公司应对各类舆情（尤其是媒体质疑信息）处理工 作 ...

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