记者从商务部了解到，1—5月，我国电子商务提品质扩内需，有力释放消费潜力，实现稳步增长，其 中，消费电商提品质扩内需。培育品质电商、助力外贸拓内销等行动深入推进，"政策+假期+活动"释 放消费潜力。1—5月网上零售额增长8.5%。品质商品、网络服务消费、新模式新业态成为新动能，线 上线下（300959）融合态势深化，重点监测平台数字产品、15类以旧换新家电和数码、网络服务消费、 即时零售销售额分别增长10.4%、14%、13.3%和12%，4月以来平台外贸专区销售额超20亿。产业电商 助对接促转型。20余地举办超200场活动提升中小企业数字化转型水平和内外贸协同能力。主要产业电 商平台AI应用从质量管控等运营环节、供需匹配等服务环节，拓展至商业模式等产业发展全流程，研 发周期缩短40%、运营成本降低15%。此外，丝路电商伙伴国增至35个。"电商惠全球"主题活动集约高 效推进，全年40项重点活动协同发力、精准赋能。(央视新闻) ...

Core Viewpoint - Kangda New Materials plans to raise up to 585 million yuan through a private placement to enhance its competitiveness, supported by state-owned assets from Tangshan [1][2][3] Group 1: Fundraising Details - The company intends to issue no more than 91.02 million shares to up to 35 specific investors, including its controlling shareholder, Tangshan Gongkong [3] - The raised funds will be allocated to an 80,000 tons/year electronic-grade epoxy resin expansion project, the Kangda Northern R&D Center, and to supplement working capital [3][8] - Following the issuance, Tangshan Gongkong's indirect stake in Kangda New Materials will decrease to 23.84%, while other investors will hold a combined 18.71% [3] Group 2: Historical Context - Since Tangshan Gongkong took control in 2019, it has consistently increased its stake through both secondary market purchases and private placements, spending approximately 104 million yuan in the past year and a half [1][4][6] - The company previously completed a private placement in August 2022, raising around 700 million yuan, with Tangshan Gongkong being the largest subscriber [4] Group 3: Financial Performance - Kangda New Materials has faced significant financial challenges, reporting a cumulative loss of approximately 458 million yuan over the past two years, with net profits of 30.31 million yuan in 2023 and a loss of 246 million yuan in 2024 [7][8] - The decline in performance is attributed to reduced market demand, asset impairment provisions, and increased expenses [7] Group 4: Strategic Adjustments - The company has divested two assets in the past six months to optimize resource allocation, selling a 66.9996% stake in Cai Jing Optoelectronics for 496 million yuan and a 61% stake in Biko Technology for 188 million yuan [8] - The fundraising aims to implement a "new materials + electronic technology" dual-drive strategy, focusing on high polymer new materials and enhancing the electronic technology segment [2][8]

Core Viewpoint - The actual controller of Taiji Co., Ltd. has changed to the Hubei Provincial State-owned Assets Supervision and Administration Commission following the transfer of shares to Changjiang Industrial Group, which now holds control over the company through its stake in Xinyiyuan [2][3][4]. Group 1: Share Transfer and Control Change - On June 19, Taiji Co., Ltd. announced that its actual controller, Xing Yan, along with 29 other individuals, transferred 32.0369% of their shares in Xinyiyuan to Changjiang Industrial Group, while also entrusting the voting rights of the remaining shares to Changjiang [2][4]. - After the completion of this equity change, Changjiang Industrial Group became the controlling shareholder of Xinyiyuan, thus obtaining control over Taiji Co., Ltd. indirectly [2][4]. - The total transfer price for the shares was set at 4.3 billion yuan, with a per-share price of 74.59 yuan [4]. Group 2: Company Overview and Financial Performance - Taiji Co., Ltd. specializes in the research, manufacturing, and sales of power semiconductor devices, including products like thyristors, rectifiers, IGBTs, and power semiconductor modules [5]. - In 2024, the company reported revenue of approximately 354 million yuan, reflecting a year-on-year growth of 10.76%, while the net profit attributable to shareholders decreased by 18.77% to 25.29 million yuan [5]. Group 3: Strategic Goals of Changjiang Industrial Group - Changjiang Industrial Group aims to integrate semiconductor industry resources in Hubei Province through this acquisition, fostering the development of a semiconductor industry cluster [7]. - The group plans to enhance the competitive position of Taiji Co., Ltd. in the power semiconductor sector, focusing on expanding its product offerings in IGBT, MOSFET, and third-generation semiconductors like SiC and GaN [8]. - Following the acquisition, Changjiang Industrial Group will control six listed companies, diversifying its portfolio across various industries including biomedicine, optoelectronics, and new energy vehicles [8].

【思摩尔国际股价大跌，亿纬锂能计划减持】今日，思摩尔国际(06969.HK)股价大跌9.95%，收盘于 17.92港元/股，最新市值1109亿港元，成交额达12.8亿港元。 6月16日，股东亿纬锂能(300014)计划即日 起一年内，通过大宗交易、集中竞价等方式，减持思摩尔国际最多3.5%股本，约2.16亿股。减持后，亿 纬锂能将不再是控股股东，目前其持有思摩尔国际总股本30.73%。 按最新股价算，亿纬锂能持有的思 摩尔国际市值为340.8亿港元，本次计划减持市值为38.82亿港元。2024年6月27日，亿纬锂能曾授权董事 长择机减持不超3.5%股份，但未实施。 今年以来，思摩尔国际股价持续走强，6月5日达23.1港元阶段 性高点。亿纬锂能投资思摩尔国际超十年，2014年收购麦克韦尔50.1%股份，2020年思摩尔国际在港交 所上市，上市后9次现金分红，亿纬锂能获近20亿港元收益。 亿纬锂能正着力发展动力电池产业，投资 大，计划香港上市融资。因政策原因，2021年起思摩尔国际业绩下滑，2021 - 2024年营收和净利润均呈 下降趋势。 2024年2月，思摩尔国际股价最低至4.51港元/股。近年其未把握一次 ...

思摩尔国际(06969.HK)今日股价大跌9.95%，收盘于17.92港元/股，最新市值1109亿港元，今日成交额达 12.8亿港元。 亿纬锂能目前正在着力发展动力电池产业，投资颇大，正在计划香港上市寻求融资。 因为政策原因，2021年思摩尔国际的业绩受到了很大冲击，业绩一直在下滑。从2021年到2024年，思摩 尔国际的营收分别是137.55亿、121.45亿、112.03亿和117.99亿元，净利润则分别是52.87亿、25.10亿、 16.45亿和13.03亿元。 2024年2月份，思摩尔国际股价最低只有4.51港元/股。 思摩尔国际近些年没有把握住一次性电子烟机会，在一次性电子烟爆发时显得有些落寞，但近期主要销 售国禁止一次性电子烟销售，给该公司带来机会，思摩尔国际主要为国际大公司代工，这些国际大公司 在合规方面走在前列，思摩尔国际是合规的受益者。 去年下半年思摩尔国际雾化电子烟ODM业务有所改善，自主品牌收入占比提升至21%。欧洲一次性烟 禁令导致中国电子烟出口额同比下降9.4%，思摩尔国际HNB业务与英美烟草深度合作，英美烟草计划 2025年中推出新型HNB产品GloHilo，思摩尔为核心供应商。 ...

Group 1 - The company plans to acquire at least 51% equity in Chengdu Zhongke Huami Microelectronics Co., Ltd. through cash payment, aiming to gain control over the target company [1] - Zhongke Huami is a high-tech enterprise specializing in the research and development of high-reliability integrated circuit products and services, focusing on providing quality products and services for customers in the special equipment sector [1] - The acquisition is part of the company's strategy to expand into the semiconductor integrated circuit field under the "new materials + electronic technology" strategic drive [1]

Apple公司顶级硬件技术主管上个月在私人讲话中表示，该公司有意利用生成人工智能来帮助加快 其设备核心定制芯片的设计。 如果您希望可以时常见面，欢迎标星收藏哦~ 来源：内容 编译自路透社 。 苹果硬件技术高级副总裁约翰尼·斯鲁吉 (Johny Srouji) 在比利时发表演讲时发表了上述言论，当 时他正在接受 Imec 颁发的奖项。Imec 是一家独立的半导体研发集团，与全球大多数最大的芯片 制造商都有密切的合作。 路透社查阅了此次演讲的录音，斯鲁吉在演讲中概述了苹果定制芯片的开发情况，从 2010 年 iPhone 中的第一款 A4 芯片到最新为 Mac 台式电脑和 Vision Pro 耳机供电的芯片。 他说，苹果学到的一个重要教训是，需要使用最先进的工具来设计芯片，包括电子设计自动化 (EDA) 公司的最新芯片设计软件。 该行业最大的两家公司——Cadence Design Systems以及 Synopsys (一直在竞相在其产品中添加 人工智能。 Srouji 在讲话中表示："EDA 公司对于我们芯片设计的复杂性至关重要。生成式人工智能技术具 有在更短时间内完成更多设计工作的巨大潜力，可以极大地提高 ...

Group 1 - The recent surge in Hong Kong IPOs includes multiple new listings, indicating a vibrant market environment reminiscent of 2021 [1][2] - Shenzhen Chuangzhi Xinian Technology Co., Ltd. (Chuangzhi Xinian) has submitted its IPO application to the Hong Kong Stock Exchange, focusing on semiconductor packaging materials and technology [3][9] - The company previously attempted an A-share listing but withdrew its application in May 2023, citing strategic business considerations [3][4] Group 2 - Chuangzhi Xinian was founded in November 2006 and has undergone significant ownership changes, with the current controlling shareholder being Yao Cheng, who holds approximately 66.75% of the voting rights [5][6] - Yao Cheng's daughter, Dr. Yao Yu, also plays a key role in the company, serving as the General Manager and R&D Director [7][8] Group 3 - The company has raised a total of 589 million yuan in investments from various institutions, including Shenzhen Capital Group and the National Integrated Circuit Industry Investment Fund [7] - As of April 2025, the company's valuation was approximately 2.722 billion yuan [8] Group 4 - Chuangzhi Xinian's revenue from coating materials for 2022, 2023, and 2024 was 3.12 billion yuan, 2.75 billion yuan, and 3.29 billion yuan, respectively, with a notable increase in revenue from coating services [12][16] - The company's revenue and profit have fluctuated due to the cyclical nature of the downstream electronics industry, with a rebound expected in 2024 driven by demand from AI, electric vehicles, and data centers [14][16] Group 5 - The wet process coating materials market in China is projected to grow significantly, with an expected market size of 27.5 billion yuan by 2029, reflecting a compound annual growth rate of 12.9% from 2024 to 2029 [22] - Chuangzhi Xinian ranks sixth in the Chinese wet process coating materials market, holding a 2.7% market share [26][28] Group 6 - The company faces credit risks associated with accounts receivable, which have increased over the years, indicating potential challenges in cash flow management [19][29] - R&D investment is crucial for the company, with a total of 85.2 million yuan spent on R&D during the reporting period, representing an R&D expense ratio of approximately 8.2% [18]

Summary of Conference Call Records Industry Overview - The conference call focuses on the automotive electronics architecture, specifically advancements in suspension technologies, including active and semi-active suspension systems, and their implications for vehicle performance and manufacturing processes [1][2][3]. Key Points and Arguments 1. **Active Suspension Technology**: Active suspension systems adjust vehicle posture using hydraulic fluids, enhancing both handling and comfort. This technology is transitioning from luxury models to more affordable vehicles priced around 500,000 RMB [1]. 2. **Mechanical Requirements**: The implementation of active suspension necessitates higher mechanical standards, such as double wishbone and multi-link rear structures, which are more complex than traditional setups [1][4]. 3. **Performance Enhancement**: Active suspension offers significant improvements in vehicle performance, balancing handling and comfort better than traditional mechanical systems [3]. 4. **Electric Control Systems**: Electric control systems are becoming crucial in vehicle performance, with a trend towards integrating control algorithms into the vehicle's domain controllers, allowing manufacturers to reduce costs and enhance their bargaining power against traditional suppliers [11]. 5. **Market Penetration**: Full active suspension systems are expected to become mainstream in vehicles priced between 500,000 to 600,000 RMB by around 2027, with current technologies already established [10]. 6. **Domestic vs. International Standards**: While domestic vehicle tuning has improved significantly, especially in standard consumer vehicles, there remains a gap in high-performance and racing vehicles compared to international standards [5]. 7. **Integration of Control Systems**: The integration of control systems does not reduce the need for high-quality mechanical components; rather, it raises the bar for mechanical standards to ensure optimal performance [19]. 8. **Intelligent Chassis Technology**: Intelligent chassis technologies, such as steer-by-wire systems, are still in limited production, with few models currently utilizing these advanced features [12][20]. 9. **Emerging Technologies**: The next generation of electronic mechanical braking systems (EMB) is under development, aiming to eliminate hydraulic components entirely, although regulatory hurdles currently prevent mass production [23]. 10. **Supplier Dynamics**: The shift towards electric control systems is enabling domestic suppliers to compete more effectively against international giants like Bosch, fostering a more competitive landscape in the automotive supply chain [11][24]. Additional Important Insights - **Cost Considerations**: The high costs associated with advanced technologies like steer-by-wire may delay their adoption in mainstream vehicles, as traditional mechanical systems still provide satisfactory performance for most consumers [21][22]. - **Collaboration Models**: Future collaborations between manufacturers and suppliers in the development of EMB technologies may shift towards more transparent models, allowing for greater innovation and efficiency in the industry [25]. This summary encapsulates the critical developments and insights from the conference call, highlighting the evolving landscape of automotive technology and its implications for manufacturers and consumers alike.

| 投 资 者 | 特定对象调研 □分析师会议 | | --- | --- | | | □媒体采访 □业绩说明会 | | 关 系 活 | □新闻发布会 □路演活动 | | | □现场参观 | | 动类别 | □其他：电话会议 | | 参与单 | 中邮证券 孙业亮 程宪平 田鹏 新华基金 张帅 | | 位名称 及人员 | 新华资产 耿金文 北京和聚投资 范晓辉 | | 姓名 | 张庆超 黄来响 | | 时间 | 2025.6.18 17:00-18:30 | | 地点 | 东港股份有限公司 | | 上市公司 | 1、副总裁、财务负责人：郑理 | | 接待人员 | 2、副总裁、董事会秘书：齐利国 | | 姓名 | 3、证券事务代表：阮永城 | | | 1、投资者参观公司展厅，了解公司产品及使用场景。 | | | 2、向投资者介绍公司基本情况和业务情况。 | | | 3、投资者提出的问题及公司回复情况 | | | 问： 机器人出货数量怎样？价格多少？ | | | 答： 公司机器人产品根据功能配置和应用场景差异，价格区间为几万元 | | | 至二十余万元不等。目前已实现多个行业项目落地，订单数量持续增长中。 | | ...