2025.05. 14 本文字数：719，阅读时长大约2分钟 作者 | 一财资讯 5月14日，三大股指集体收涨，上证指数报收3403.95点，涨0.86%；深成指报收10354.22点，涨 0.64%；创业板指报收2083.14点，涨1.01%。 盘面上，大金融板块爆发，保险、券商方向走高；航运、化工概念涨幅居前，军工、光伏题材回调。 具体来看，券商股午后大幅拉升，截至收盘，红塔证券、锦龙股份涨停，广发证券涨超7%，华西证 券、华鑫股份等跟涨。 港口航运板块多股涨停，国航远洋涨30%涨停，中远海发、宁波海运、南京港、凤凰航运等涨停。 【机构观点】 主力资金全天净流入交通运输、基础化工、有色金属等板块，净流出电力设备、社会服务、纺织服饰 等板块。 具体到个股来看，东方财富、中国平安、贵州茅台获净流入19.43亿、9.47亿、7.65亿。 净流出方面，拓维信息、皖通科技、航天电子遭抛售4.76亿元、3.61亿、2.99亿元。 【机构观点】 东方证券： 海外风险扰动落定，美国通胀未见上行压力，市场重回全球财政扩张的经济修复期。避 险资金大幅退潮，资产端风险偏好逐步修复。市场反复轮动预期改善，但总量流动性可能受海外弹 ...

凤凰网财经讯 5月14日，三大指数涨跌不一，沪指低开0.02%，深成指低开0.09%，创业板指平开。液态 金属、CPO等板块指数涨幅居前，电力设备、PEEK材料、TOPCon电池等板块指数跌幅居前。 | | 沪深京重要指数 | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 名称 | *● 最新 张幅% | | | | 涨跌 | | 总手 | 现手 | 金额 | | 上证指数 | | 3374.24 | -0.02 | -0.63 | 779/1063 | 0.00 | 335万 | 335万 | 32.95 Z | | 深证成指 | | 10278.91 | -0.09 | -9.17 | 839/1539 | -0.07 | 602万 | | 602万 63.43亿 | | 北证50 | | 1402.73 | -0.22 | -3.07 | 128/117 | -0.06 | 12.9万 | 12.9万 | 2.64 乙 | | 创业板指 | | 2062.27 | 0.00 | 0.01 | ...

Core Insights - The report from Tianfeng Securities emphasizes the importance of investing in "AI + overseas expansion + satellites" as core opportunities in the medium to long term [1][5] - The communication equipment sector is experiencing a recovery, with revenue growth expected to continue driven by AI computing power [2][4] Financial Summary and Outlook - The overall revenue for the communication equipment sector is projected to grow by 2.9% and 12.9% year-on-year in Q4 2024 and Q1 2025 respectively, indicating a recovery since Q4 2023 [2] - Net profit for the sector is expected to decline by 141% in Q4 2024 but then grow by 24% in Q1 2025, reflecting a transition in industry dynamics [2] Key Industry Segments to Watch 1. **Optical Devices**: Revenue growth of 52.6% and 67.5% year-on-year in Q4 2024 and Q1 2025, with net profit growth of 124.4% and 114.3% respectively, indicating strong demand driven by AI [3] 2. **Internet of Things (IoT)**: Positive revenue and profit growth in Q1 2025, confirming the ongoing recovery trend in the industry [3] 3. **Submarine and Optical Cables**: Revenue and net profit growth of 12% and 46.3% year-on-year in Q1 2025, supported by demand from high-voltage and smart grid projects [3] 4. **IDC & CDN**: Traditional IDC faces challenges, but AIDC is expected to see high growth due to AI applications [4] 5. **Telecom Operators**: Revenue growth of 6.4% and 0.8% year-on-year in Q4 2024 and Q1 2025, indicating stable growth [4] 6. **Main Equipment**: Revenue and net profit are under pressure, but recovery is anticipated as AI demand increases [4] 7. **Satellite Industry**: Net profit has been declining but shows signs of recovery, with expectations for normalization post-2024 [4] Investment Recommendations - Continued focus on "AI + overseas expansion + satellites" as key investment themes, particularly in optical modules, liquid cooling, and domestic computing power sectors [1][5] - Recommendations for leading companies in the submarine cable sector as domestic recovery accelerates [5]

中共中央、国务院前不久印发的《关于实施自由贸易试验区提升战略的意见》，将数字贸易作为自贸试 验区贸易政策体系的一部分，围绕数字贸易提出了一系列具体举措。在新一代信息技术与国际贸易的融 合发展中，数字贸易蓬勃兴起，不仅创新了商业模式，也极大提高了贸易效率，降低了贸易成本。在全 球经济不确定性增加的背景下，为国际贸易复苏提供了新动能。 近年来，我国高度重视并推动数字贸易获得了长足发展。数据显示，2024年我国跨境电商进出口额达 2.63万亿元，同比增长10.8%，成为拉动外贸增长的主要引擎。得益于数字技术研发和应用水平的提 升、数字经济规模和应用场景的拓展、数字基础设施的不断完善以及我国在推动制度型开放等方面的努 力，数字贸易营商环境持续向好，我国数字贸易形成强大动能，大数据、人工智能、云计算、5G、卫 星导航等数字技术贸易，数字娱乐、数字图书等数字内容产品贸易，以及跨境电子商务、数字服务外包 等数字贸易业态蓬勃发展。其中国家数字服务出口基地和跨境贸易电子商务集聚区起到了示范带动作 用，如深圳前海跨境电商集聚区吸引了超15万家跨境电商出口企业，2024年区域跨境电商进出口额超 1200亿元，大幅增长超100%。 ...

近年来，随着国家集成电路产业投资基金扶持、新基建战略推进等政策红利持续释放，叠加全球智能化 浪潮催生的庞大市场需求，电子行业正以"硬科技"为强劲引擎，在人工智能、自动驾驶、卫星互联网等 前沿领域加速布局，向着更广阔的"星际"市场空间全速进发。 在此时代机遇下，深圳证券交易所市场（以下简称"深市"）电子行业上市公司勇立潮头，在半导体芯片 设计、先进封装测试、新型显示材料、智能传感器等细分赛道持续深耕，通过产学研深度融合突破技术 瓶颈，依托产业链协同创新构建竞争壁垒，不断以技术创新探索行业发展新边界。其中，涌现出胜宏科 技（300476）（惠州）股份有限公司（以下简称"胜宏科技"）、浙江珠城科技（301280）股份有限公司 （以下简称"珠城科技"）和珠海全志科技（300458）股份有限公司（以下简称"全志科技"）等一众"弄 潮儿"。 政策赋能 深市电子行业乘风起势 正如全志科技相关负责人对《证券日报》记者表示，公司聚焦主业，把握下游市场需求回暖的机会，积 极拓展各产品线业务，为满足客户持续增长的产品及服务需求，加大在芯片新产品开发及智能车载、扫 例如，2024年7月份，党的二十届三中全会审议通过的《中共中央关于进 ...

在当今充满不确定性的金融市场中，黄金作为传统的避险资产，始终占据着投资者视野的核心位置。而选择一个兼具灵活性与专业性的交易平 台，往往成为投资成败的关键因素之一。Velos Markets威马证券凭借其多元化的产品覆盖和差异化的服务优势，逐渐成为从新手到专业交易者的 共同选择。本文将深入解析该平台的运营逻辑、市场分析框架及实战策略，为不同层级的投资者提供系统性参考。 黄金现货交易：机制与平台优势解析 Velos Markets的黄金现货交易采用T+0机制，这意味着投资者可以当日无限次买卖，无需等待交割日结算。这种机制特别适合捕捉黄金市场的短期 波动，例如在美联储利率决议或地缘政治事件爆发时快速调整仓位。平台提供的点差低至0.3美元/盎司，配合杠杆工具（最高可达1:500），能够 显著提升资金使用效率。但需注意，杠杆是一把"双刃剑"，如同给汽车装上涡轮增压器，既可能加速收益，也可能放大亏损。 智能决策支持：数据与宏观的深度融合 面对瞬息万变的黄金市场，Velos Markets开发了一套独特的决策支持系统。其"智能策略工厂"能实时解析高频数据（如COMEX持仓量变化、ETF 资金流向），并与宏观经济周期判断相结 ...

Core Viewpoint - The company held a 2024 annual performance briefing to enhance communication with investors, discussing operational status and strategic development plans [1] Group 1: Company Operations - The company has a designed production capacity of 3,700 tons for its bismaleimide (BMI) resin, with actual production influenced by customer orders and market demand [2] - The company reported a continuous increase in orders for its BMI resin, achieving a high capacity utilization rate [2] - The company is focused on developing new energy materials, with significant revenue growth expected in this sector for 2024 [2] Group 2: Financial Performance - The company released its 2024 annual report and Q1 2025 report on April 25, 2025, detailing its financial performance [2] - The company acknowledged that despite increased revenue, profitability has not improved due to intense market competition and price differentiation in the epoxy resin and photovoltaic backsheet industries [3] Group 3: Future Growth Drivers - Future growth will be driven by the company's strategy to lead in new energy materials, advanced electronic materials, and environmentally friendly materials [2] - The company aims to increase the sales proportion of high-value-added products, enhancing overall profitability [2] Group 4: Market and Industry Outlook - The company views the new materials industry as having stable growth potential, supported by government policies and a significant market demand for domestic substitutes [3] - The company is actively monitoring the overseas market environment and plans to optimize its supply chain to mitigate potential risks [3] Group 5: Project Developments - The company is constructing a project in Meishan with a planned capacity of 20,000 tons for high-speed communication substrate materials, which is based on market demand and the company's technological capabilities [3] - The company is also involved in a joint venture for high-end photoresist materials, currently in the trial production phase [5] Group 6: Challenges and Responses - The company is addressing challenges from its subsidiary, Shandong Aiment, which has been a drag on overall performance, with efforts underway to achieve profitability in 2025 [3] - The company is enhancing its production processes through automation and AI technology to improve product yield and stability [5]

Group 1 - The core transaction involves Wuhan Yangtze Communication Industry Group Co., Ltd. issuing shares to acquire 100% equity of Di Ai Si and raising supporting funds from China Information Communication Technology Group Co., Ltd. [4][6] - The transaction price for the acquisition of Di Ai Si is set at RMB 1,107.0731 million [4][6]. - The independent financial advisor, Industrial Securities Co., Ltd., has confirmed that the transaction complies with relevant laws and regulations, and the necessary approvals have been obtained [8][9]. Group 2 - As of December 8, 2023, the transfer of 100% equity of Di Ai Si to the listed company has been completed, making Di Ai Si a wholly-owned subsidiary [6][7]. - The company has issued 51,505,546 shares to China Information Communication Technology Group, raising a total of RMB 643.5745 million in net funds [8][9]. - The total number of shares after the issuance will be 329,612,132 [8]. Group 3 - The company has established a comprehensive governance structure and internal control system to ensure orderly operations and compliance with laws and regulations [29]. - The company aims to enhance its competitive advantage and long-term benefits for shareholders through the integration of the target company [28]. - The company has signed performance commitment and compensation agreements to protect the interests of investors, ensuring that any shortfall in net profit will be compensated [29].

5月13日，A股主要指数涨跌不一，截至收盘，沪指涨0.17%报3374点，深证成指跌0.13%，创业板指跌0.12%。全市场超3200股下跌。板块方面，航运港口、 光伏设备、基因测序板块走强，另外，航天军工、大飞机板块回调，金属、6G及交运设备等板块跌幅居前。 | 代码 | 名称 | 活性用 | 现价 儿大儿板� | 张停分析 | | --- | --- | --- | --- | --- | | 002289 | *ST宇顺 | 45.04% | 12.08 20天19板 | 筹划重大资产重组+面板+S1 | | 002809 | 红墙股份 | +10.03% | 16.67 16天10板 | 产品涨价+环氧丙烷+混凝土 | | 002141 | *ST览丰 | +5.11% | 2.88 10天8板 | 调整回购价格上限+申请摘 | | 002620 | ST 010 | +5.03% | 7.73 9天7板 | 一季报净利增长+东方资产 | | 002816 | *ST和科 | +4.99% | 15.78 7连板 | 一季报增长+光刻机+精密清 | | 002259 | ST 六 | +4.98% | ...

证券代码：300045 证券简称：华力创通 编号：2025 - 026 2024年实现营业收入5.47亿，同比下降22.93%，与同行 业整体趋势存在共性。面对行业挑战，公司将坚持"军 民结合"发展战略，持续拓展民用市场新领域，以自身 核心技术为有力支撑，增强公司抗风险能力与市场竞争 力。感谢您对公司的关注。 2.公司2024年收入下降主要原因有哪些？卫星通信 领域在消费电子行业如何布局？ 答:尊敬的投资者您好，2024年公司收入下降主要是 受多种因素影响，部分项目产品交付时间被动推迟，交 付周期延长，项目交付不及预期，导致营业收入较上年 减少。在卫星通信领域，公司研制的卫星通信基带芯片 已应用于消费电子领域，公司积极拓展卫星通信产品在 汽车、低空经济等领域的应用。感谢您对公司的关注。 3.公司本期盈利水平如何？ 答:尊敬的投资者您好，2025年一季度公司营业收入 为137,304,928.23元，净利润为-17,363,634.83元。感 谢您对公司的关注。 4.今年业绩承压的原因？今年军工电子行业前景？ 北京华力创通科技股份有限公司 投资者关系活动记录表 投资者关系活动类别 ☐特定对象调研 ☐分析师会议 ...