Core Viewpoint - The A-share market shows mixed performance with the Shanghai Composite Index closing at 3836.77 points, slightly below the five-day moving average, reflecting a minor change of 0.05% [1] Group 1: Market Overview - The total trading volume of A-shares reached 17,403.50 billion yuan today [1] - A total of 719 A-shares have prices that surpassed the five-day moving average [1] Group 2: Stocks with Significant Deviation - The stocks with the largest deviation from the five-day moving average include: - Tietuo Machinery (Code: 920706) with a deviation rate of 14.20% and a daily increase of 18.20% [1] - Jinchengzi (Code: 688291) with a deviation rate of 13.07% and a daily increase of 20.01% [1] - Tender Shares (Code: 301136) with a deviation rate of 12.88% and a daily increase of 20.00% [1] - Other notable stocks with significant deviations include: - Aerospace Huanyu (Code: 688523) with a deviation rate of 11.54% and a daily increase of 19.99% [1] - Lingdian Electric Control (Code: 688667) with a deviation rate of 11.14% and a daily increase of 18.61% [1]

AI and Technology - Google has released a new image model, attracting attention in the AI sector [2] - 360, a leader in AI search, has developed the 360 Smart Brain with ten core capabilities and hundreds of detailed functions, reporting a net loss of 120 million in Q3, narrowing from mid-year losses [2] - Jiuxi Software has launched its new generation large model application management platform, Nvwa GPT, which integrates and provides capabilities for large model management and intelligent orchestration [2] Aerospace and Defense - Japan has announced the deployment of missiles in sensitive areas, impacting defense-related companies [2] - Aerospace Power, a subsidiary of the Aerospace Science and Technology Group, has seen stock performance with a recent increase [2] - China Shipbuilding Industry Group, which controls multiple defense-related companies, is the only military ship production base in South China [2] E-commerce and Retail - Alibaba's "Qianwen" app has surpassed 10 million downloads in its first week of public testing [3] - Sanjiang Shopping, the largest local supermarket chain in Zhejiang, has Alibaba as its second-largest shareholder and is involved in the sale of prepared dishes [3] - DataPort, a leading data center company, provides infrastructure solutions and serves major internet companies like Alibaba, Tencent, Baidu, and NetEase [3] Real Estate - Multiple regions have issued notifications to promote the stable and healthy development of the real estate market [5] - Everbright Jiabao, a real estate development company under Everbright Group, focuses on non-performing asset management in Zhejiang [5] Automotive - GAC Group has officially launched its all-solid-state battery pilot production line [5] - Jinlong Automobile, a major bus manufacturer, has partnered with Baidu to produce China's first commercial-grade autonomous micro-circulation vehicle [5] Renewable Energy - Guosheng Technology, a top global manufacturer of heterojunction products, is focusing on high-efficiency solar cells and has plans for a solid-state battery project [6] - Hemei Group's subsidiary is investing in a green hydrogen project with an estimated total investment of around 700 million [6] Food and Beverage - Xinhua Du, a leading e-commerce platform for liquor, has seen stock performance with a recent increase [4] - Hasi Lian, a beauty brand, is focusing on skincare products and has developed a series of medical-grade dressings [5]

Core Viewpoint - The A-share market shows mixed performance with the Shanghai Composite Index at 3842.22 points, slightly below the five-day moving average, indicating a modest increase of 0.19% [1] Group 1: Market Overview - The total trading volume of A-shares reached 13759.48 billion yuan [1] - A total of 725 A-shares have surpassed the five-day moving average today [1] Group 2: Stocks with Significant Deviation - The stocks with the largest deviation from the five-day moving average include: - Jin Cheng Zi (金橙子) with a deviation rate of 13.07%, closing at 34.84 yuan after a 20.01% increase [1] - Zhao Biao Gu Fen (招标股份) with a deviation rate of 12.88%, closing at 16.32 yuan after a 20.00% increase [1] - Hang Tian Huan Yu (航天环宇) with a deviation rate of 11.54%, closing at 29.77 yuan after a 19.99% increase [1] Group 3: Other Notable Stocks - Other notable stocks with significant performance include: - Tie Tuo Ji Xie (铁拓机械) with a 13.21% increase and a deviation rate of 10.44% [1] - Zhuo Yi Xin Xi (卓易信息) with a 14.59% increase and a deviation rate of 10.37% [1] - He Xing Bao Zhang (合兴包装) with a 9.93% increase and a deviation rate of 8.00% [1]

Core Viewpoint - The commercial aerospace sector continues to strengthen, with several companies reaching new highs and significant increases in related ETFs [1] Group 1: Company Performance - Srey New Materials, Shanghai Port Bay, and Feiwo Technology hit intraday highs [1] - Aerospace Power, Leike Defense, Aerospace Huanyu, Zhongtian Rocket, Tianjian Technology, Aerospace Changfeng, Jiuzhiyang, and Tendering Co. all experienced a limit-up increase [1] - New Ray Energy, Aerospace Software, Chaojie Co., China Haifang, and Sichuan Chuang Electronic also saw gains [1] Group 2: ETF Performance - The Aviation ETF (159392) rose by 2.7%, with a trading volume of 2.7339 million yuan [1] - The Aerospace ETF (159227) increased by 3.83%, with a trading volume of 21.5 million yuan [1]

Core Viewpoint - The commercial aerospace sector in China is experiencing significant growth, driven by technological advancements and supportive government policies, leading to increased market activity and investment opportunities [2][4]. Market Activity - On November 24, several stocks in the commercial aerospace sector saw strong performance, with multiple companies reaching their daily price limits, including Zhaobiao Co., Aerospace Huanyu, and others [1]. - The sector's activity is linked to recent positive policy developments, including the establishment of a key regulatory body for commercial aerospace [2]. Market Size and Growth - China's commercial aerospace market is projected to grow from approximately 0.38 trillion yuan in 2015 to 2.3 trillion yuan by 2024, reflecting a compound annual growth rate of about 22% [2]. - If growth continues at a rate of 25%, the market could approach 10 trillion yuan by 2030, indicating substantial growth potential [2]. Technological Trends - The industry is undergoing a "third wave" characterized by low-orbit, intelligent, and integrated trends, with advancements in satellite manufacturing and communication technologies [2]. - The integration of satellite applications with emerging technologies like 6G and AI is accelerating, leading to new business models and applications [3]. Policy and Regulatory Developments - The establishment of the Commercial Aerospace Administration is seen as a milestone for the industry, enhancing the regulatory framework and boosting market confidence [2]. - The launch of commercial satellite IoT trials aims to enrich the satellite communication market and support the healthy development of new industries [3]. Investment Opportunities - The capital market is opening up for commercial aerospace companies, with several major firms initiating IPO processes, indicating a robust investment landscape [4]. - The total valuation of the leading commercial rocket companies has surpassed 100 billion yuan, highlighting the sector's financial potential [4]. Future Outlook - The commercial aerospace industry is entering a high-growth phase, with expectations of rapid expansion from 2026 to 2028 [4]. - The satellite application sector is anticipated to become a new infrastructure supporting national economy and technological development [4].

11月24日，商业航天概念板块反复活跃，成为市场关注焦点。截至记者发稿，板块内多只个股强势涨停，包括招标股 份（301136）（301136.SZ）、航天环宇（688523.SH）、航天长峰（600855）（600855.SH）、雷科防务（002413） （002413.SZ）、上海港湾（605598）（605598.SH）、中天火箭（003009）（003009.SZ）、天箭科技（002977） （002977.SZ）等。同时，光库科技（300620）（300620.SZ）、飞沃科技（301232）（301232.SZ）、斯瑞新材 （688102.SH）等个股也表现亮眼，涨幅位居板块前列。 | 序号 | 代码 | 名称 | ● | 最新 | 涨幅% ↓ | 涨跌 | 成交量 | 现手 | 涨速% | 换手% | 成交额 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 1 | 301136 | 招标股份 | 東 | 16.32 | 20.00 | 2.72 | 17.97万 | 20 | 0.00 | ...

Group 1 - The Shanghai Composite Index is at 3829.28 points, below the five-day moving average, with a decline of 0.15% [1] - The total trading volume of A-shares today is 772.298 billion yuan [1] - A total of 302 A-shares have surpassed the five-day moving average, with notable stocks showing significant deviation rates [1] Group 2 - The stocks with the highest deviation rates include Zhaobiao Co. (12.88%), Tietuo Machinery (12.33%), and Aerospace Huanyu (11.54%) [1] - Other stocks that have just crossed the five-day moving average include Chensan Technology and Xindong Link, with smaller deviation rates [1] - The top three stocks with the highest daily gains include Zhaobiao Co. (20.00%), Tietuo Machinery (15.71%), and Aerospace Huanyu (19.99%) [1] Group 3 - The trading turnover rates for the top stocks are as follows: Zhaobiao Co. at 6.53%, Tietuo Machinery at 18.57%, and Aerospace Huanyu at 16.34% [1] - The latest prices for these stocks are Zhaobiao Co. at 16.32 yuan, Tietuo Machinery at 26.89 yuan, and Aerospace Huanyu at 29.77 yuan [1] - Other notable stocks with significant daily gains and their respective prices include Shibao Detection (44.30 yuan) and Leike Defense (6.37 yuan) [1]

Core Viewpoint - The company, 招标股份, has been focused on engineering consulting services for decades, providing a comprehensive range of services in various sectors [1] Group 1: Business Focus - The company specializes in engineering supervision, testing and inspection, bidding services, surveying and geographic information services, exploration design, and other technical services [1] - The business covers multiple fields including highways, water transport, construction, municipal projects, water conservancy and hydropower, natural resources, marine, mechanical and electrical installation, agriculture and forestry, and railways [1]

Market Overview - The engineering consulting services sector experienced a decline of 0.67% on November 20, with Jianfa Hecheng leading the drop [1] - The Shanghai Composite Index closed at 3931.05, down 0.4%, while the Shenzhen Component Index closed at 12980.82, down 0.76% [1] Stock Performance - Notable gainers in the engineering consulting services sector included: - Guangzi International: Closed at 16.40, up 3.08% with a trading volume of 30,100 shares [1] - Zhongda An: Closed at 16.85, up 3.00% with a trading volume of 70,500 shares [1] - Youan Design: Closed at 26.63, up 2.74% with a trading volume of 31,000 shares [1] - Conversely, Jianfa Hecheng saw a significant decline, closing at 13.17, down 3.02% with a trading volume of 159,500 shares [2] Capital Flow - The engineering consulting services sector saw a net outflow of 202 million yuan from institutional investors, while retail investors contributed a net inflow of 165 million yuan [2] - The sector's overall capital flow indicates a mixed sentiment, with institutional investors pulling back while retail investors showed interest [2] Individual Stock Capital Flow - Key stocks and their capital flow include: - 招标股份 (Zhaobiao Co.): Main net outflow of 15.24 million yuan, with retail net inflow of 22.72 million yuan [3] - 山水比德 (Shanshui Bide): Main net inflow of 12.22 million yuan, but retail net outflow of 14.79 million yuan [3] - 广咨国际 (Guangzi International): Main net inflow of 5.04 million yuan, with retail net outflow of 2.40 million yuan [3]

关于福建省招标股份有限公司 2025年第四次临时股东会 法 律 意 见 书 （2025）大成榕律字第 958 号 北 京 大 成 （ 福 州 ） 律 师 事 务 所 www.dentons.cn 2025 年第四次临时股东会法律意见书 致：福建省招标股份有限公司 根据《中华人民共和国证券法》（以下简称"《证券法》"）、《中华人民共 和国公司法》（以下简称"《公司法》"）和中国证券监督管理委员会《上市公司 股东会规则》（以下简称"《股东会规则》"）等法律法规和其他有关规范性文件 的要求，北京大成（福州）律师事务所（以下简称"本所"）接受福建省招标股份 有限公司（以下简称"公司"）的委托，指派律师参加公司 2025 年第四次临时股 东会（以下简称"本次股东会"）。 本所声明：本所律师仅对本次股东会的召集程序、召开程序、出席会议人员 资格、召集人资格、表决程序及表决结果发表法律意见，并不对本次股东会所审 议的议案、议案所涉及的数字及内容发表意见。本所律师同意将本法律意见书随 本次股东会其他信息披露资料一并公告。 本法律意见书仅供见证公司本次股东会相关事项的合法性之目的使用，不得 用作任何其他目的。 本所及经办律师依 ...