Group 1 - The "Su Super League" has gained significant popularity, with average attendance surpassing 10,000 during the Dragon Boat Festival, and over 180,000 fans attending matches across various cities [1][2] - The league has revitalized over 30 professional stadiums in Jiangsu province, enhancing their utilization and maximizing resource value [2] - The economic impact of the "Su Super League" extends beyond traditional sports events, driving ticket sales, dining, and accommodation demand [1] Group 2 - Jinling Sports produces products including goals and protective shelters for football fields [3] - Gongchuang Turf specializes in artificial turf products for sports and leisure, known for high durability and performance [3] - Xinghui Entertainment holds a 99.61% stake in the Espanyol football club, making it the first A-share listed company to control a top European league club [3] - Zhongti Industry is the only listed platform within the National Sports Administration and is involved in sports lottery terminal sales [3] - Lehman Optoelectronics has extensive experience in providing LED products and services for football matches, serving as the official supplier for the China League [3] - Inpai Sports has developed movable football field facilities to address the shortage of sports venues, emphasizing safety and ease of assembly [3] - Shuangxiang Co. is a leader in the ecological leather market, with over 70% market share in the mid-to-high-end football leather segment [3] - Aotuo Electronics provides LED display equipment and related services for the Chinese national football team [3]

Core Viewpoint - The market experienced a rebound with the ChiNext Index leading the gains, reflecting a mixed performance across various sectors and stocks [1] Group 1: Market Performance - The total trading volume in the Shanghai and Shenzhen markets reached 1.29 trillion, an increase of 137.4 billion compared to the previous trading day [1] - The ChiNext Index rose by 1.17%, while the Shanghai Composite Index increased by 0.23% and the Shenzhen Component Index rose by 0.58% [1] Group 2: Sector Performance - The computing power concept stocks saw a collective rebound, with CPO and other related sectors leading the gains, and Shenghong Technology reaching a historical high [1] - Stablecoin concept stocks showed strong performance, with Cuiwei Co., Ltd. hitting the daily limit [1] - Virtual power plant concept stocks were active, with Zhongdian Xinlong and others reaching the daily limit [1] - Consumer stocks experienced a collective adjustment, with Chao Hong Ji hitting the daily limit down [1] Group 3: Sector Gains and Losses - The sectors with the highest gains included CPO, football concept, power IoT, and stablecoin concepts [1] - The sectors with the largest declines included beauty care, food processing, beverage manufacturing, and CRO [1]

Group 1 - The ChiNext Index rose over 1% in the afternoon session, indicating positive market sentiment [1] - The Shenzhen Component Index increased by 0.42%, while the Shanghai Composite Index saw a modest rise of 0.08% [1] - More than 2300 stocks across the market experienced gains, reflecting broad-based market strength [1] Group 2 - Sectors such as military equipment restructuring, football, and electronic components showed significant gains [1]

Market Overview - The A-share market experienced a slight increase on June 5, with the Shanghai Composite Index rising by 0.08% to 3378.82 points, the Shenzhen Component Index up by 0.16%, and the ChiNext Index increasing by 0.32% [1][2] - The total market turnover for the half-day session reached 728.469 billion yuan [1] Regulatory Environment - The Shenzhen Securities Regulatory Bureau reported a decrease in illegal securities and futures activities due to strict regulations, but warned that fraud tactics are evolving and becoming more deceptive [3] - Investors are advised to remain vigilant against illegal stock recommendation scams and to practice rational investing [3] Sector Performance - The computing power industry chain showed strong performance, with sectors such as CPO and copper connections leading the gains [4] - The following sectors recorded notable increases: - Copper cable connections: +2.26% - CPO concept: +2.17% - Sports concept: +1.79% [5] Company Insights - Anke Intelligent Electric is seeing stable growth in its cable connection business, with new products like GIL and modular substations driving future growth [8] - Zeyu Intelligent is actively developing in areas such as virtual power plants and AI-powered inspection systems, with recent advancements in smart inspection model algorithms [8] - Zhongheng Electric holds a leading position in HVDC product technology and is expected to benefit from the growing demand driven by the AI technology revolution [8] - Shuangjie Electric, a veteran in the power distribution sector, is focusing on investments in renewable energy in resource-rich areas to drive business growth [8] Upcoming Developments - The National Development and Reform Commission and the National Energy Administration have issued guidelines to accelerate the development of virtual power plants, aiming for a regulation capacity of over 20 million kilowatts by 2027 and over 50 million kilowatts by 2030 [6]

Core Viewpoint - The A-share market is experiencing mixed performance with a slight increase in major indices, while individual stocks show a predominance of declines, indicating a cautious market sentiment [1][2]. Market Overview - As of the midday break, the Shanghai Composite Index rose by 0.08% to 3378.82, the Shenzhen Component Index increased by 0.16% to 10160.75, and the ChiNext Index gained 0.32% to 2031.39 [1][2]. - Overall, more than 3000 stocks in the market declined, reflecting a bearish trend despite the index gains [2]. Sector Performance - The football concept stocks are surging, with Jinling Sports achieving a three-day limit up of 20% [4][5]. - The computing power industry chain is strengthening, with sectors like CPO and copper connections leading the gains [4]. - Other active sectors include virtual power plants, circuit boards, 6G, rare earth permanent magnets, IP economy, and digital currency, while gold, innovative drugs, and new consumption concept stocks are experiencing pullbacks [4]. News Impact - The recent popularity of the Jiangsu Province's first urban football league ("Su Chao") has sparked interest in the A-share market, driving consumer sentiment and regional cultural engagement [6]. - Analyst Wu Jincao from Dongwu Securities notes that the excitement surrounding "Su Chao" reflects emotional consumption linked to regional characteristics, suggesting potential short-term performance for sports-related companies [6]. Capital Flow - Morning net inflows were observed in sectors such as electronics, communications, media, computers, and machinery, while net outflows were noted in pharmaceuticals, banking, transportation, agriculture, and retail [7]. - Specific stocks like Hengbao Co., Shenghong Technology, and Zhongji Xuchuang saw net inflows of 928 million, 700 million, and 620 million respectively [8]. - Conversely, stocks like Debang Co., Ningde Times, and BYD faced net outflows of 644 million, 312 million, and 290 million respectively [9]. Institutional Insights - Guodu Securities suggests that the market is consolidating below the 3400-point level, indicating potential opportunities for investors to enter at lower prices, particularly in new consumption sectors [11]. - Huaxi Securities highlights the market's positive pricing of improved US-China trade relations, while cautioning against the potential volatility of Trump's tariff policies [11].

Market Performance - The Shanghai and Shenzhen stock indices collectively rose on June 5, with the Shanghai Composite Index up 0.08% to 3378.82 points and the Shenzhen Component Index up 0.16% to 10160.75 points, with trading volumes of approximately 273.8 billion yuan and 440.5 billion yuan respectively [1] - The ChiNext Index increased by 0.32% to 2031.39 points, with a trading volume of about 200.9 billion yuan [1] Sector Performance - Strong performance was observed in sectors such as virtual power plants, football, and computing hardware, with several stocks hitting the daily limit, including Hengshi Technology, Jinzhi Technology, and Tianjin Pulin [1][2] - Conversely, the consumer sector experienced a collective adjustment, with Mankalon dropping over 10% [1] Institutional Insights - CITIC Securities noted positive developments in L4 autonomous driving, particularly in Robotaxi, benefiting from reduced vehicle costs and expanded operational areas, leading to improved single-vehicle gross margins [3] - China International Capital Corporation (CICC) expects continued recovery in the small home appliance sector driven by trade-in policies and low base effects, predicting improved profitability for companies in this space [3] - Huatai Securities reported a slight increase in lithium battery production for June, with battery production at 107.7 GWh, a 2.9% month-on-month increase, driven by trade-in policies boosting demand for new energy vehicles [3] Policy and Regulatory Developments - The State Grid Corporation announced initiatives to support the purchase of green certificates and the use of green electricity, aiming to help enterprises reduce energy costs and improve efficiency [4] - The General Office of the State Council approved the restructuring of the China Ordnance Equipment Group, separating its automotive business into an independent central enterprise [6][7]

Market Overview - The market experienced a slight rebound in early trading, with the three major indices showing minor increases [1] - The total trading volume in the Shanghai and Shenzhen markets reached 714.2 billion, a decrease of 12.8 billion compared to the previous trading day [1] - Overall, the market saw more declines than gains, with over 3,000 stocks falling [1] Sector Performance - Football concept stocks continued to surge, with Jinling Sports achieving a 20% limit-up for three consecutive trading days [1] - Computing hardware stocks strengthened again, with Shenghong Technology reaching a historical high [1] - Virtual power plant concept stocks were active, with Zhongdian Xindong hitting the daily limit [1] - In contrast, large consumer stocks collectively adjusted, with Mankalon dropping over 10% [1] Index Performance - By the end of trading, the Shanghai Composite Index rose by 0.08%, the Shenzhen Component Index increased by 0.16%, and the ChiNext Index gained 0.32% [1]

A股足球概念持续活跃，共创草坪4连板，金陵体育涨超15%，力盛体育、探路者、中体产业等跟涨。 ...

Group 1 - The football concept is gaining strength, with Co-Creation Turf achieving a four-day consecutive increase in stock price [1] - Jinling Sports has risen over 10%, while other companies like Lisheng Sports, Explorer, Zhongti Industry, and Lehman Optoelectronics also show significant gains [1] - According to Meituan data, the search volume for "Scottish Super League" keywords surged over 16 times compared to the previous week, with Suzhou, Wuxi, Changzhou, Nanjing, and Yancheng being the top five cities in search interest [1]

公司官方微信 1 中原期货研究所 晨会纪要 2025 第（99）期 发布日期：2025-06-05 | 投资咨询业务资格 | | | --- | --- | | 证监发【2014】217 | 号 | | 中原期货研究所 | 0371-58620081 | | 0371-58620083 | | | 公司官方微信 | | 中原期货研究所 | 化工 | 主力合约 | 2025/6/5 | 2025/6/4 | 涨跌 | 涨跌幅/% | | --- | --- | --- | --- | --- | --- | | | | 8:00 | 15:00 | | | | | 焦煤 | 757.00 | 768.00 | -11.0 | -1.432 | | | 焦炭 | 1,342.50 | 1,367.50 | -25.0 | -1.828 | | | 天然橡胶 | 13,530.00 | 13,655.00 | -125.0 | -0.915 | | | 20号胶 | 11,830.00 | 12,020.00 | -190.0 | -1.581 | | | 朝彩 | 7,026.00 | 7,049.00 | -2 ...