证券研究报告 | 策略点评 2025 年 07 月 04 日 投资要点 分析师：孟之绪 执业编号：S0300524080001 电话： 邮箱：mengzhixu@ykzq.com 投资策略研究 股市有风险，投资需谨慎。 请务必阅读最后特别声明与免责条款 www.ykzq.com 1 / 6 粤开市场日报-20250704 今日关注 指数涨跌情况：今日 A 股主要指数多数收跌。截止收盘，沪指涨 0.32%，收报 3472.32 点；深证成指跌 0.25%，收报 10508.76 点；科创 50 跌 0.01%，收报 984.80 点；创业板指跌 0.36%，收报 2156.32 点。总体上，全天个股跌多涨 少，Wind 数据显示，全市场 4118 只个股下跌，1169 只个股上涨，129 只个股 收平。沪深两市今日成交额合计 14285 亿元，较上个交易日放量 1188.11 亿 元。 行业涨跌情况：今日申万一级行业涨少跌多，银行、传媒、综合、公用事业、 钢铁、煤炭等行业领涨，美容护理、有色金属、基础化工、轻工制造、环保、 机械设备等行业领跌。 板块涨跌情况：今日涨幅居前概念板块为跨境支付、央企银行、数字货币、 ...

Core Viewpoint - Duoyi Network plans to relocate its headquarters from Guangzhou and lay off over 1,000 employees due to dissatisfaction with recent court rulings that severely impact the company's management rights [1][2]. Group 1: Company Actions - Duoyi Network announced the decision to move its headquarters and reduce its workforce in Guangzhou as a response to four court judgments that the company claims hinder its ability to manage employees effectively [2]. - The company will enforce a mandatory pre-collection of meal fees for employees, which were previously optional, following the court's ruling [2]. - In a previous instance, Duoyi Network had announced plans to close all related companies in Chengdu within three years due to dissatisfaction with a labor arbitration case [2][3]. Group 2: Legal Context - The recent court rulings involved labor disputes and meal fee reimbursements, with the court ordering Duoyi Network to pay substantial compensation for wage arrears [1]. - The court's decisions have been described by Duoyi Network as "extremely damaging" to its operational autonomy, leading to the company's decision to relocate [2]. Group 3: Company Background - Duoyi Network, founded in 2006, has developed several popular game titles and has a notable market share in the turn-based online gaming sector [3][4]. - The company has faced challenges in its IPO attempts, having failed twice in the past [3]. - The founder, Xu Bo, has been a controversial figure due to his management style and public statements, which have drawn criticism [4].

Group 1 - The core viewpoint of the articles highlights the significant increase in the approval of both domestic and imported online games in June, with a total of 158 game approvals, marking a new high for the year [1][2] - In June, 147 domestic games were approved, including 76 mobile games, 61 mobile-casual puzzle games, 2 client games, 7 dual-end games, and 1 mobile-web game [1] - Notable domestic games include titles from listed companies such as ST Huatong's "Deer Hunting Mafa," 37 Interactive Entertainment's "Knights and Dragons," and Tencent's "Crossfire: Rainbow" [1][2] Group 2 - Among the 11 imported games approved, there are 4 mobile games, 4 client games, and 3 dual-end games, with Tencent's "Crossfire: Rainbow" being a new addition to the popular shooting game series [1] - NetEase's game "No Master Star Abyss," developed by Mike Morhaime's new studio Moonshot Games, has garnered significant attention since its announcement [2] - The game "Goose Goose Duck," which has 120,000 fans on Steam Hub and 20,000 monthly active players, will begin beta testing on June 26, with Kingsoft as its exclusive agent in China [2]

Market Overview - On June 24, A-shares major indices experienced fluctuations throughout the day, with total trading volume in the Shanghai and Shenzhen markets reaching 1.41 trillion yuan, an increase of 292 billion yuan compared to the previous trading day [1] - The solid-state battery concept stocks saw a significant surge, while sectors such as oil and gas, ports, and precious metals faced substantial declines [1] Key Stocks - Notable stocks in the solid-state battery sector included Nord Shares with a six-day consecutive rise, Xingye Shares with five rises in eight days, and Xiangtan Electric with four consecutive rises [2] - Other strong performers included Zhejiang Dongri in the brain-computer interface sector with five rises in six days, and Zhongjing Electronics in the PCB sector with four rises in five days [2] Stock Performance Data - Nord Shares (600110) closed at 6.24 yuan, up 10.05%, with a trading volume of 2.76 billion yuan and a turnover rate of 26.33% [3] - Zhejiang Dongri (600113) closed at 25.04 yuan, up 10.02%, with a trading volume of 666.1 million yuan and a turnover rate of 6.60% [3] - Zhongjing Electronics (002579) closed at 12.65 yuan, up 10.00%, with a trading volume of 2.976 billion yuan and a turnover rate of 41.52% [3] - Xingye Shares (826609) and Xiangtan Electric (002125) both saw significant gains of 49.99% [3] Trading Dynamics - A total of 72 stocks hit the daily limit up, with 14 stocks experiencing consecutive rises, and 18 stocks failed to maintain their limit up status, resulting in a sealing rate of 80% [4] - The top three net buying stocks on the Dragon and Tiger list were Guoxuan High-Tech, Guangxun Technology, and Ice River Network, with net purchases of 318 million yuan, 300 million yuan, and 201 million yuan respectively [5] Institutional Trading - Guangxun Technology saw a net institutional purchase of 76.19 million yuan, while Guoxuan High-Tech had a net institutional purchase of 63.78 million yuan [8] - The top three net selling stocks by institutions included Neimenggu Yiji, Taishan Petroleum, and Zhongjing Electronics, with net sales of 76.74 million yuan, 61.23 million yuan, and 57.39 million yuan respectively [9] Sector Insights - Guoxuan High-Tech is advancing in solid-state battery production, with its "Jinshi Battery" achieving a cell energy density of 350 Wh/kg and a capacity increase of 150% [10] - Guangxun Technology specializes in high-speed optical modules for cloud computing data centers and is expected to benefit from the growth of domestic internet markets [11] - Ice River Network, focused on online gaming, reported a revenue of 654 million yuan in Q1 2025, marking a year-on-year growth of 16.65% [12]

证券研究报告 | 策略点评 投资策略研究 粤开市场日报-20250611 今日关注 指数涨跌情况：今日 A 股主要指数多数收涨。截止收盘，沪指涨 0.52%，收报 3402.32 点；深证成指涨 0.83%，收报 10246.02 点；科创 50 跌 0.20%，收报 980.93 点；创业板指涨 1.21%，收报 2061.87 点。总体上，全天个股涨多跌 少，Wind 数据显示，全市场 3411 只个股上涨，1737 只个股下跌，264 只个股 收平。沪深两市今日成交额合计 12555 亿元，较上个交易日缩量 1599 亿元。 行业涨跌情况：今日申万一级行业除医药生物、通信、美容护理等行业下跌 外，其余全部上涨，有色金属、农林牧渔、非银金融、汽车、传媒、社会服 务等行业领涨。 板块涨跌情况：今日涨幅居前概念板块为稀土永磁、稀土、网络游戏、一体 化压铸、稀有金属精选、盐湖提锂、小红书平台、保险精选、炒股软件、小 金属、南京市国资、钴矿、锂电电解液、拼多多合作商、鸡产业等板块。 2025 年 06 月 11 日 投资要点 分析师：孟之绪 执业编号：S0300524080001 电话： 邮箱：mengzhixu ...

最新消息，近日香港、美国均不同程度推进稳定币相关法案立法进程。大家要知道，稳定币能够为RWA代币资产提供币值稳健的交易方式，增强市场流 动性。因此，拥有数字货币概念的企业有望从中受益。 更值得一提的是，伴随近期数字货币行业的利好消息不断，尤其是稳定币异军突起，一举成为了全球金融市场的新焦点。 明确告诉各位投资者！ 6月A股市场最具爆发潜力的赛道，全市场或将只有"数字货币"概念！ 尤其是这个方向的第一王者：伴随股价被严重低估，已经获得两大国家队中央汇金+社保基金集体爆买，就连外资也忍不住重仓持有超1000多万股。一旦 风口来临，有望成为6月"最具翻倍潜力的黑马"！建议大家务必要收藏起来重点关注！ 第1家：数字货币概念6月最有望翻倍大涨的黑马！中央汇金持有：1852万股，社保基金持有：1066万股，为不影响主力布局，想知晓来蚣肿耗「峰板」 **， 公司亮点：公司是数字货币概念中唯一同时获得国家队社保基金+中央汇金爆买的公司。公司不仅拥有细分领域的第一品牌，更是细分领域的龙头企业。 而且还同时踩中市场多个火爆题材，例如数字货币、电子身份证、网络游戏、跨境支付、华为鸿蒙、算力等概念。更重要的是公司获得两大国家队中央汇 ...

Market Overview - The A-share market opened lower on June 3 but turned positive, with the Shanghai Composite Index up 0.18%, the Shenzhen Component Index up 0.22%, and the ChiNext Index up 0.64% [1] - The Hong Kong stock market indices also rose, with Li Auto increasing over 5% and other stocks like Horizon Robotics, Tencent Music, and NetEase following suit [1][2] Digital Currency Sector - Digital currency concept stocks surged, with companies like Cuiwei Co., Hengbao Co., Hailian Jinhui, and Yuyin Co. hitting the daily limit, while Sifang Jingchuang rose nearly 13% [3][4] - The Hong Kong government has officially enacted the "Stablecoin Ordinance," which establishes a licensing system for issuers of fiat-backed stablecoins, marking a significant step in the digital asset sector [5] Online Gaming Sector - Online gaming stocks experienced a notable rise, with companies like Zhangqu Technology increasing over 16%, and both Dihun Network and Giant Network hitting the daily limit [6] - In May, 130 domestic online games received approval, breaking the previous record, with a total of 144 licenses issued, indicating a healthy growth trend in the gaming industry [8] - The gaming market is projected to grow by 21.93% year-on-year to 27.351 billion yuan by April 2025, driven by long-term product revenue growth and new seasonal activities [8] Football Concept Stocks - The football concept sector saw a significant rise, with Jinling Sports hitting the daily limit and other stocks like Gongchuang Turf, Kangliyuan, and Shuangxiang Co. also increasing in value [9] - The recent popularity of the Jiangsu Province's first city football league, dubbed "Su Super," has contributed to the surge in football-related stocks [9]

Group 1: Market Overview - The A-share market opened lower on June 3, with the Shanghai Composite Index down 0.22%, Shenzhen Component Index down 0.34%, and ChiNext Index down 0.33%, but all indices later rebounded into positive territory [1] - The FTSE China A50 Index futures opened lower but rose over 0.7% during the trading session [3] - The Hong Kong Hang Seng Index and Hang Seng Tech Index both increased by over 1% [7] Group 2: Sector Performance - Digital currency concept stocks surged, with companies like Cuiwei Co., Hengbao Co., and Yuyin Co. hitting the daily limit, while Xiongdi Technology rose over 10% and Sifang Jingchuang increased over 9%. This surge followed the Hong Kong government's announcement of the "Stablecoin Regulation" becoming law [6] - The innovative drug sector also saw significant gains, with Huahai Pharmaceutical, Wanbangde, and Hainan Haiyao reaching the daily limit, and companies like Guanhao Biological and Qianhong Pharmaceutical showing notable increases [6] - The online gaming sector strengthened, with companies like Giant Network and Boyuan Media hitting the daily limit, and companies like Zhangqu Technology and Perfect World rising over 5% [9] Group 3: Index Adjustments - The Shenzhen Stock Exchange announced a periodic adjustment of sample stocks for the Shenzhen Component Index, ChiNext Index, and Shenzhen 100 Index, effective June 16, 2025 [10] - A detailed list of stocks being added and removed from these indices was provided, indicating changes in market composition [11][13][15][16] Group 4: Hong Kong Stock Connect Adjustments - The Shenzhen Stock Exchange released an announcement regarding adjustments to the Hong Kong Stock Connect eligible securities list, effective June 3, 2025, including the addition of companies like Fuzhikang Group and Junda Co. [17]

Market Overview - On May 26, the Shanghai Composite Index closed down slightly by 0.05%, with nearly 3,400 stocks rising and over 1,400 stocks falling. Among them, 86 stocks hit the daily limit up, while 4 stocks hit the limit down [1] - The nuclear power sector remained strong, with stocks like Ruichi Intelligent Manufacturing hitting the daily limit up, along with Jinlihua Electric and Hahan Huatuo [1] - The gaming sector also performed well, with Youzu Network hitting the daily limit up and other stocks like Ice River Network and Dihun Network rising over 7%. The National Press and Publication Administration approved 130 domestic online games in May 2025 [1] Active Stocks - Four stocks had a turnover rate exceeding 50%, indicating that half of their shares changed hands. These stocks include Haisen Pharmaceutical, Prince New Materials, Xinbang Intelligent, and Ruichi Intelligent Manufacturing [2] - A total of 79 A-shares had a turnover rate above 20% on the same day [2] Historical Highs - 18 stocks reached their historical closing highs, with a focus on the machinery, non-ferrous metals, and basic chemicals sectors. The average increase for these stocks was 9.78% [3][4] - Notable stocks that hit historical highs include Ruichi Intelligent Manufacturing, Hahan Huatuo, and Zhongyou Technology, with significant daily increases [4][5] Company Announcements - Zhejiang Xineng plans to acquire a 29% stake in Chang'an Pumped Storage for 202 million yuan, increasing its ownership to 80% [6] - Jianyou Co. intends to repurchase shares worth 20 million to 40 million yuan for employee stock ownership plans, with a maximum price of 18.75 yuan per share [6] - HeMai Co. signed a cooperation agreement worth 1 billion yuan for household photovoltaic system equipment and maintenance services, expected to positively impact its future performance [7]

资料显示，博雅互动国际有限公司("博雅互动"或"公司"),于2004年由张伟先生通过成立深圳市东方博雅 科技有限公司而创立,并于2013年11月12日在香港联交所成功上市。目前博雅互动已发展成为中国领先 的棋牌类游戏开发商和运营商。 博雅互动以专注的精神和独特的创意设计能力,通过自主研发和多平台 精细化运营,先后打造了30多款网络游戏,其中大部分是以长久经典棋牌类游戏为基础的棋牌类游戏,如博 雅德州扑克、博雅斗地主、博雅锄大地、博雅中国象棋及博雅中国麻将等多款益智类棋牌游戏。在有游 戏于苹果公司APP Store上架的中国网络游戏公司中,博雅互动拥有最大的移动棋牌类游戏组合。博雅互 动亦提供休闲游戏,如博雅台球、博雅中国象棋等等。 近年来,博雅互动在中国及海外市场稳步快速增长, 目前已拥有超过5.3亿累计注册玩家,分布在100多个国家和地区。博雅互动拥有强大的游戏本地化能力, 能够使用本地语言重新包装游戏,改进游戏特色迎合本地文化及市场需求。例如,博雅互动旗下最受欢迎 的游戏——博雅德州扑克,就有21种语言版本。 完善的技术基础设施、数据分析和尽责的客户服务,令博 雅互动能持续完善游戏,提供超凡的玩家体验和打 ...