投资咨询业务资格:证监许可【2012】31号 ITG国贸期 权数据日报 主能介于品中心 =: F0251925 力史波动率链 醫小值 - 最大值 -- 10%分位值 30%分位值 -- 60%分位值 · 当前值 90%分位值 2025/6/25 数据来源: Wind,国贸期货研究院 | | | | | 行情回顾 | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 指数 | 收盘价 | | 张肤帽(%) | | 成交额(亿元) | | 成交里(亿) | | | 上证50 | 2715. 9216 | | 1.16 | | 890. 75 | | 49. 03 | | | 沪深300 | 3904. 0342 | | 1.20 | | 2942. 29 | | 163. 66 | | | 中证1000 | 6194. 666 | | 1.92 | | 3036. 58 | | 233. 45 | | | | | | | 中金所股指期权成交情况 | | | | | | 指数 | 期权成交望 | 认购期权 | 认沽期权 | 日成交里 ...

华泰证券指出，电子纱市场价格稳定运行，高端电子纱及电子布供需仍然紧张，部分高端产品如Low- Dk和Low-CTE等需求缺口明显，价格涨后暂稳运行，后期仍有望提价。玻纤行业方面，海外产能关停 导致部分高端电子纱及电子布供需紧张，国内无碱粗纱市场价格平稳运行，但风电及汽车客户抢出货驱 动下，风电纱及热塑纱延续结构性高景气。电子材料领域，低空无人机和出口需求大增推动碳纤维中高 端品类供需延续紧平衡，人形机器人和低空飞行器制造等板块有望提振碳纤维材料需求。 今日，科创芯片ETF（589100）涨超1.9%，半导体设备国产化与电子行业需求增长获关注。 （文章来源：每日经济新闻） 注：如提及个股仅供参考，不代表投资建议。指数/基金短期涨跌幅及历史表现仅供分析参考，不预示 未来表现。市场观点随市场环境变化而变动，不构成任何投资建议或承诺。文中提及指数仅供参考，不 构成任何投资建议，也不构成对基金业绩的预测和保证。如需购买相关基金产品，请选择与风险等级相 匹配的产品。基金有风险，投资需谨慎。 科创芯片ETF国泰跟踪的是科创芯片指数，该指数由中证指数有限公司编制，从科创板市场中选取业务 涉及半导体材料、设备、设计、制造、封装 ...

Group 1 - The core viewpoint of the article highlights the challenges and contradictions faced by the e-commerce industry and its related academic programs, despite the apparent growth and demand for e-commerce professionals [2][20][21] - E-commerce has become an integral part of daily life, with over 600 universities offering e-commerce programs, indicating a promising future for the field [2][6] - However, there are significant concerns regarding the employability of graduates, with historical data suggesting that only 20% of e-commerce graduates found relevant jobs in 2004 [11][12] Group 2 - The e-commerce industry has seen a surge in demand for talent, with the number of professionals in the field approaching 70 million from 2014 to 2022 [14] - Despite the high demand for e-commerce positions, graduates often struggle to find suitable roles, leading to a perception that studying e-commerce may not be worthwhile [21][22] - The job market for e-commerce roles is projected to reach 1.627 million positions by 2025, accounting for 11.9% of the national recruitment market [20] Group 3 - Many graduates express dissatisfaction with their job prospects, often finding themselves in roles that do not align with their education, such as customer service [23][30] - The e-commerce sector places a strong emphasis on practical skills, yet many academic programs fail to provide adequate hands-on experience [26][28] - The overall working conditions in e-commerce are challenging, with high workloads and low salaries, leading to a high turnover rate among employees [41][42] Group 4 - The article notes a trend of graduates seeking to transition to other fields, with many opting for careers in education or unrelated sectors due to a lack of relevant skills acquired during their studies [49][50] - The perception that e-commerce professionals do not require formal education in the field is growing, as practical experience and adaptability become more valued [53]

1.【新财富500创富榜：芯片、AI、机器人成造富热门赛道】2025新财富500创富榜今天发布，TMT 赛道强势上榜110人，比去年大幅扩容22人，相关企业家总财富高达3.34万亿元，占上榜人总财富的 1/4。创富红利主要来自三大领域：芯片、人工智能、消费电子。今年上榜的芯片产业链企业家高达 36位，占比为7%。AI的兴起，推动国产芯片、AI大模型、AI算力、汽车智能化、低空经济、具身智 能、消费电子等赛道成为榜单上的新晋力量。AI算力领域，润泽科技周超男的身家高达410亿元，成 为河北女首富；机器人领域，宇树科技的王兴兴今年首次上榜，生产工业机器人的埃斯顿，其创始人 吴波也以66.5亿元身家上榜。（证券时报） 2.【全球最大具身智能数据工厂在天津投用】位于天津市河西区空天数字产业园的"帕西尼具身智能 超级数据工厂"（Super EID Factory）昨日（6月23日）正式投入运营。这座占地12000平方米 的"具身智能数据枢纽"由帕西尼感知科技（深圳）有限公司投资建设，作为目前全球范围规模最大、 数据采集体量领先的具身智能数据采集与模型训练基地，旨在破解制约具身智能发展的核心瓶颈—— 高质量数据集稀缺问题 ...

Core Viewpoint - The company, Suzhou Beteli High Polymer Materials Co., Ltd., has officially submitted its IPO application to the Shenzhen Stock Exchange, aiming to raise funds for strategic projects and enhance its market position in the electronic materials and chemical new materials sectors [1][4]. Group 1: Company Overview - Beteli is a customer-oriented new materials enterprise focused on innovative research and development, specializing in electronic materials and chemical new materials [1]. - The company's product range includes conductive materials, silicone materials, and coating materials, with applications in photovoltaic, 3C electronics, silicone deep processing, electronic packaging, medical, and new energy vehicle sectors [1]. - Major clients in the 3C electronics sector include Lenovo, Huawei, and Xiaomi, while in the electronic packaging sector, key customers include Mulinsen and Zhaochi [1]. Group 2: Financial Performance - For the years 2022 to 2024, Beteli's projected revenues are approximately 635 million yuan, 2.273 billion yuan, and 2.521 billion yuan, with corresponding net profits of about 16.53 million yuan, 85.63 million yuan, and 97.50 million yuan [1]. - In 2023, the company's net profit attributable to shareholders increased significantly by 71.22 million yuan, a growth rate of 547.13%, primarily driven by a gross profit increase of 104.62 million yuan [2]. - The revenue growth in 2023 was led by the conductive materials segment, which saw a revenue surge of 1.536 billion yuan, while silicone materials grew by 88.92 million yuan [2]. Group 3: IPO and Fund Utilization - Beteli plans to raise 792 million yuan through its IPO to invest in projects including the annual production of 500 tons of special conductive materials, expansion of its Dongguan facility, and the establishment of a research and marketing center in Wuxi [3][4]. - The investment projects are closely aligned with the company's core business and aim to enhance technological advantages and industry upgrades, focusing on innovation in electronic materials and chemical new materials [4]. - The special conductive materials project aims to expand into low-temperature photovoltaic slurry production, while the Dongguan expansion will focus on high-end silicone product development [4].

四川东材科技集团股份有限公司 联合资信评估股份有限公司通过对四川东材科技集团股份有限 公司主体及其相关债券的信用状况进行跟踪分析和评估，确定维持 四川东材科技集团股份有限公司主体长期信用等级为 AA，维持"东 材转债"信用等级为 AA，评级展望为稳定。 特此公告 联合资信评估股份有限公司 评级总监： 二〇二五年六月二十四日 声 明 一、本报告是联合资信基于评级方法和评级程序得出的截至发表之日的 独立意见陈述，未受任何机构或个人影响。评级结论及相关分析为联合资信 基于相关信息和资料对评级对象所发表的前瞻性观点，而非对评级对象的事 实陈述或鉴证意见。联合资信有充分理由保证所出具的评级报告遵循了真 实、客观、公正的原则。鉴于信用评级工作特性及受客观条件影响，本报告 在资料信息获取、评级方法与模型、未来事项预测评估等方面存在局限性。 二、本报告系联合资信接受四川东材科技集团股份有限公司（以下简称 "该公司"）委托所出具，除因本次评级事项联合资信与该公司构成评级委 托关系外，联合资信、评级人员与该公司不存在任何影响评级行为独立、客 观、公正的关联关系。 三、本报告引用的资料主要由该公司或第三方相关主体提供，联合资信 履 ...

Core Viewpoint - The credit rating of Chengdu Mingsheng Electronic Technology Co., Ltd. has been downgraded to A with a stable outlook due to declining profitability and increased financial pressures [1][8]. Company Overview - Chengdu Mingsheng Electronic Technology Co., Ltd. focuses on the research and production of satellite navigation and communication systems, primarily serving military applications [13]. - The company is a national-level specialized "little giant" enterprise, with its major shareholder being Chengdu Rongtou Innovation Investment Co., Ltd. [13]. Financial Performance - As of March 2025, the company's total assets were 2.27 billion yuan, with total liabilities of 0.63 billion yuan, resulting in a debt-to-asset ratio of 26.74% [15]. - The company reported a total revenue of 0.139 billion yuan and a net profit of -0.325 billion yuan for 2024, indicating a significant loss [15]. Industry Analysis - The military electronics industry is driven by increased defense spending, modernization of military equipment, and domestic substitution [24]. - In 2025, China's defense budget is projected to be 1.78 trillion yuan, reflecting a 7.2% increase, indicating ongoing growth potential in the military electronics sector [24]. - The industry faces competition primarily from large state-owned enterprises, with smaller private firms focusing on niche markets [24][25]. Competitive Position - The company maintains a strong competitive position in niche areas such as satellite navigation and phased array antennas, with a notable increase in R&D investment [8][9]. - Major clients include large state-owned military groups, ensuring stable customer relationships and a substantial order backlog [8][9]. Risks and Challenges - The company faces challenges such as delayed project approvals, increased competition in the civilian market, and rising costs affecting profitability [8][9]. - The company's reliance on military contracts and the lengthy payment cycles for its products contribute to financial strain, with accounts receivable expected to rise [9][10].

新股探寻（影石创新、思看科技、汉朔科技、泰禾股 份）20250624 摘要 影石创新全景相机全球领先，市占率达 67.2%，线上线下销售均衡，线 下与苹果深度绑定。2023 年全球手持智能影像设备市场规模达 364.7 亿人民币，年增速 14.3%，全景相机市场 50.3 亿人民币，未来全景与 运动相机融合及新兴领域应用将扩大市场。 思康科技是工业级 3D 激光扫描仪龙头，国内市场占有率第一，全球第 二，与比亚迪、宝马等合作。2022-2024 年营收分别为 2.1 亿、2.7 亿、 3.3 亿元，年均增速 20%-30%，归母净利润分别为 0.8 亿、1.1 亿、 1.2 亿元，毛利率和净利润率较高，一季度收入和净利润增长均超 20%。 汉朔科技是全球第三大电子价签供应商，国内市占率约 12%，产品覆盖 50 多国，服务超 400 家客户。预计 2028 年全球电子价签市场规模达 350 亿元人民币。欧美市场渗透率高，受益于人工成本上升、通货膨胀 及商店竞争，公司与泡泡玛特合作提升市场关注度。 汉朔科技 2022-2024 年营收从 28 亿增至 44.9 亿元，年均增速超 20%，归母净利润分别为 2.1 ...

证券代码：301379 证券简称：天山电子 广西天山电子股份有限公司 4、"灵山基地"的布局以及目前建设进展如何？ 答："灵山基地"聚焦中大尺寸、TFT 车载以及复杂模组专业 显示产品，以满足智能家居、金融数据终端、通讯设备和车载电 子等领域市场需求和解决产能瓶颈，同时满足客户对高端触控显 示模组需求及产品升级。目前，光电触显一体化模组建设项目已 部分进入批量生产阶段，尚处于产能爬坡期，灵山基地新建生产 厂房力争在 2025 年底完成项目建设。 投资者关系活动记录表 2、公司投资的武汉鼎典及新存科技、天链芯半导体是否纳入 公司合并报表范围？对 2025 年的业绩及未来三年有多大贡献？ 答：新存科技、天链芯是公司通过投资的产业基金武汉鼎典投 资的企业，该企业并非公司合并报表范围内的企业。目前，首款 企业级 SSD 应用产品现处于研发、设计阶段，三方共同推进的 PCM 产业化应用将与公司的车载电子、复杂模组业务形成"双驱动"， "灵山基地"也将支持 PCM 存储模组的制造。 3、公司在车载业务方面取得了哪些突破，后续增长动力？ 答：公司的车载显示产品已通过相关车企认证，成功配套比亚 迪、东风、长安等头部车企，产品 ...

AI的扩散效应同样重塑互联网巨头价值。在AI叙事带动下，腾讯董事会主席兼首席执行官马化 腾、 阿里巴巴 创始人马云、 网易 公司首席执行官兼董事丁磊等财富值均明显提升，分列第 三位、第七位、第九位。 从产业分布来看， TMT（数字新媒体产业）、医药生物、日用消费 成为创富前三大赛道。 6月24日，2025年《新财富》杂志"500创富榜"（以下简称"榜单"）正式发布。 从榜单前20强来看，AI成为榜单变化的核心引擎。其中，字节跳动创始人张一鸣首次问鼎， 其财富主要来自字节跳动21%的股权。目前，字节跳动旗下AI应用矩阵表现亮眼——豆包、 即梦、豆包爱学三款产品均跻身国内月活前十原生AI应用，推动公司估值逐步攀升。 AI的造富效应还体现在梁文锋身上。作为深度求索（DeepSeek）创始人，梁文锋首次上榜即 闯入前十。 以上观点来自相关机构，不代表天天基金的观点，不对观点的准确性和完整性做任何保证。 收益率数据仅供参考，过往业绩和走势风格不预示未来表现，不构成投资建议。转引的相关 点击阅读原文，填写问卷领红包 分享、点赞、在看 顺手三连越来越有钱 其中，TMT行业独领风骚，以110人上榜、总财富3.34万亿元的绝对 ...