Group 1 - The 2025 Guangdong Province Live Job Recruitment Event will host 40 online job fairs from July to December 2025, guided by the China Small and Medium Enterprises Development Promotion Center and co-hosted by various provincial departments [2] - The 31st session of the event will focus on the Foshan area, scheduled for November 11, 2025, from 10:00 to 12:00 [4] Group 2 - Guangdong Dianjiangjun Energy Technology Co., Ltd. is a large comprehensive energy solution provider established in 2013, focusing on advanced energy storage systems and covering the entire industry chain [5] - The company has a total investment of 2 billion yuan and operates in four core areas: small power batteries, eVTOL batteries, AI industrial power supplies, and marine batteries [5] - The company is recruiting for various positions, including Process Engineer (1 position, monthly salary 8k-15k), Electronic Engineer (1 position, monthly salary 12k-18k), and Sales Manager (2 positions, monthly salary 12k-15k) [5][6] Group 3 - Yiao Group, founded in 1983, specializes in the research, production, and sales of mattresses, sofas, and pillows, and has been a leading exporter for 30 consecutive years [6] - The company has a production capacity of over 6 million mattresses annually and operates more than 3,600 stores globally [6] Group 4 - Guangdong Shenglu Communication Technology Co., Ltd., established in 1998, is a national high-tech enterprise specializing in antenna and RF technology, listed on the Shenzhen Stock Exchange in 2010 [8] - The company has over 400 patents, with nearly 25% being invention patents, and is recognized as a national intellectual property demonstration enterprise [9] - The company is hiring for multiple positions, including Antenna R&D Engineer (10 positions, monthly salary 8k-15k) and Microwave Engineer (10 positions, monthly salary 8k-15k) [9] Group 5 - Guangdong Xiong Plastic Technology Group Co., Ltd., founded in 1996, is a leading brand in the plastic pipe industry with an annual output value exceeding 2 billion yuan [10] - The company has six production bases and has been recognized as one of the "Top 500 Manufacturing Enterprises in Guangdong Province" [10] - The company is looking to fill various positions, including Assistant to the Chairman (1 position, monthly salary 20k-30k) and Audit Manager/Supervisor (1 position, monthly salary 10k-15k) [11]

个股表现： 本周涨幅前五个股为普天科技、航天环宇、商络电子、亿纬锂能、孚能科技；跌幅前五 个股为航天宏图、航新科技、卧龙电驱、英博尔、深城交。 行业动态： 1、国务院办公厅关于加快场景培育和开放推动新场景大规模应用的实施意见，提及稳 妥有序拓展低空经济等领域应用场景； 金元证券近日发布低空经济周报：本周低空经济指数跌-0.04%，相对涨幅-0.86%，日均 成交额242.05亿元，市盈率（TTM）达117.49倍，本周日均主力净流入额-4.45亿元。较上周 而言，本周成交额减少，估值维持高位，主力资金净流出。深圳陆空一体智能网联综合交通 测试基地正式投入运营，该测试基地由深城交承建，是大湾区唯一由政府投资建设的专业智 能网联测试场，也是深圳打造"全球低空经济第一城"的关键一步。 以下为研究报告摘要： 板块行情回顾： 本周低空经济指数跌-0.04%，相对涨幅-0.86%，日均成交额242.05亿元，市盈率 （TTM）达117.49倍，本周日均主力净流入额-4.45亿元。较上周而言，本周成交额减少，估 值维持高位，主力资金净流出。 2、深圳陆空一体智能网联综合交通测试基地正式投入运营，该测试基地由深城交承 建，是 ...

Core Viewpoint - New Dazheng's stock price has shown a significant increase this year, with a year-to-date rise of 41.26%, indicating strong market performance and investor interest [1][2]. Company Overview - New Dazheng Property Group Co., Ltd. is located in Chongqing and was established on December 10, 1998, with its listing date on December 3, 2019. The company specializes in smart city public building and facility management, providing comprehensive property management services, professional management services, and value-added services [1]. - The revenue composition of New Dazheng includes: basic business 87.79%, urban services 8.22%, innovative business 3.86%, and others 0.13% [1]. Financial Performance - For the period from January to September 2025, New Dazheng reported operating revenue of 2.272 billion yuan, a year-on-year decrease of 11.82%, and a net profit attributable to shareholders of 104 million yuan, down 2.97% year-on-year [2]. - Since its A-share listing, New Dazheng has distributed a total of 381 million yuan in dividends, with 197 million yuan distributed over the past three years [3]. Shareholder Information - As of September 30, 2025, New Dazheng had 15,200 shareholders, an increase of 6.68% from the previous period, with an average of 14,059 circulating shares per shareholder, a decrease of 6.26% [2]. - Among the top ten circulating shareholders, Dongfanghong Yuanjian Value Mixed A (010714) ranks as the seventh largest, holding 2.8237 million shares, an increase of 90,100 shares from the previous period [3].

Core Viewpoint - Zhenlei Technology's stock price has shown significant growth this year, with an 81.03% increase, despite a recent decline in the last 20 days [1][2] Company Overview - Zhenlei Technology, established on September 11, 2015, and listed on January 27, 2022, is located in Hangzhou, Zhejiang Province. The company specializes in the research, production, and sales of integrated circuit chips and microsystems [1] - The main revenue sources are: power management chips (50.10%), RF transceiver and high-speed high-precision ADC/DAC chips (39.47%), technical services (5.97%), microsystems and modules (2.49%), terminal RF front-end chips (1.93%), and others (0.04%) [1] Financial Performance - For the period from January to September 2025, Zhenlei Technology achieved a revenue of 302 million yuan, representing a year-on-year growth of 65.76%. The net profit attributable to the parent company was 101 million yuan, showing a remarkable increase of 598.09% [2] - Since its A-share listing, the company has distributed a total of 89.06 million yuan in dividends, with 58.75 million yuan distributed over the past three years [3] Shareholder Information - As of September 30, 2025, the number of shareholders increased to 23,600, up by 93.15%. The average number of circulating shares per person decreased by 23.17% to 9,086 shares [2] - Among the top ten circulating shareholders, Hong Kong Central Clearing Limited is the fourth largest with 5.45 million shares, while Changxin National Defense Military Quantitative Mixed A holds 4.35 million shares, an increase of 2.00 million shares from the previous period [3]

Core Points - The 8th China International Import Expo (CIIE) is being held in Shanghai from November 5 to 10, showcasing a record scale and serving as a platform for high-level opening and global cooperation [2][15] - China has become the world's second-largest consumer and import market, emphasizing its commitment to high-level opening and market expansion [3][8] - The CIIE aims to provide new opportunities for global cooperation and economic growth, enhancing China's role as a major market for international trade [4][38] Group 1: Event Overview - The CIIE features participation from 155 countries, regions, and international organizations, with over 4,108 foreign enterprises exhibiting across an exhibition area exceeding 430,000 square meters [15] - The event includes 290 Fortune 500 companies and industry leaders, with approximately 450,000 registered attendees [15] - The expo has seen a significant increase in participation from developing countries, with a 23.1% rise in exhibitors from Belt and Road Initiative countries [42] Group 2: Economic Impact - The CIIE serves as a platform for international procurement, investment promotion, cultural exchange, and open cooperation, injecting confidence and momentum into the global economy [13][38] - The event has facilitated the participation of 170 companies and 27 institutions as "full attendance" exhibitors over the past eight years, reflecting China's commitment to high-level opening [17] - The expo has also created opportunities for small and medium-sized enterprises (SMEs) to enter the Chinese market through initiatives like the "cross-border e-commerce selection platform" [44] Group 3: Innovation and Technology - The CIIE is recognized as a global launchpad for new products and technologies, with 461 new products, technologies, and services showcased, including advancements in low-altitude economy and artificial intelligence [29][31] - The event features a dedicated innovation incubation area aimed at helping global startups explore the Chinese market [33] - Notable technological exhibits include electric vertical takeoff and landing aircraft and humanoid robots, highlighting the diverse future of mobility and innovation [35][37] Group 4: Cultural Exchange - The CIIE not only serves as a trade platform but also as a venue for cultural and ideological exchange, exemplified by events like the dual-city exhibition between Chongqing and Düsseldorf [23] - The expo has expanded its focus on sustainable development, particularly for global southern countries, promoting inclusive growth and resilience [40][42] - The event has also provided a space for showcasing cultural products, such as Ethiopian coffee, enhancing cultural ties between participating nations [42]

Company Overview - Tianqi Mould Co., Ltd. is located in Tianjin Free Trade Zone and was established on December 3, 1996. The company was listed on November 25, 2010. Its main business involves the research, design, production, and sales of automotive body covering moulds and related products [1][2]. Financial Performance - For the period from January to September 2025, Tianqi Mould achieved operating revenue of 1.485 billion yuan, a year-on-year decrease of 22.61%. The net profit attributable to the parent company was 52.06 million yuan, down 42.41% year-on-year [2]. - The company has cumulatively distributed cash dividends of 352 million yuan since its A-share listing, with 58.72 million yuan distributed over the past three years [3]. Stock Performance - As of November 11, Tianqi Mould's stock price increased by 2.50%, reaching 6.98 yuan per share, with a total market capitalization of 7.086 billion yuan. The stock has risen 20.14% year-to-date [1]. - The stock has appeared on the "Dragon and Tiger List" four times this year, with the most recent appearance on May 23, where it recorded a net buy of -36.0383 million yuan [1]. Shareholder Information - As of October 31, the number of shareholders for Tianqi Mould was 113,200, a decrease of 1.24% from the previous period. The average number of circulating shares per person increased by 1.26% to 8,876 shares [2]. - Among the top ten circulating shareholders, Hong Kong Central Clearing Limited is the ninth largest shareholder, holding 6.0422 million shares as a new shareholder [3]. Industry Context - Tianqi Mould operates within the automotive industry, specifically in the automotive parts sector, and is associated with concepts such as Changan Automobile, Xpeng Motors, drones, Huawei Automotive, and low-altitude economy [2].

周度行情回顾 国元证券近日发布机械行业周报：2025年11月3日至11月7日,上证综指上涨1.08%,深证成 指上涨0.19%,创业板指上涨0.65%。其中申万机械设备下降0.15%，相较沪深300指数跑输 0.97pct,在31个申万一级行业中排名第22。细分子行业来看，申万通用设备/专用设备/轨交设 备Ⅱ/工程机械/自动化设备分别涨0.71%/0.21%/2.12%/0.36%/-2.65%。 以下为研究报告摘要： 报告要点： 低空经济板块：国务院办公厅印发《关于加快场景培育和开放推动新场景大规模应用的 实施意见》，明确要求"推动海陆空全空间无人体系应用和标准建设"并"稳妥有序拓展低空 经济等领域应用场景"，从国家层面为产业发展提供了强大的场景创新和政策牵引动力。与 此同时，深圳市正式发布《深圳市低空航空器起降设施布局规划（2026-2035年）》，提出 到2035年科学布局超1500个起降点，并构建"低空枢纽—末端起降点"两级设施网络以重点发 展物流、载客与公共服务等典型应用，为低空经济的大规模商业化落地奠定了坚实的物理基 础。政策与基础设施的同步推进，将持续赋能低空经济产业链的健康发展。 机械设备板块 ...

Core Insights - The aerospace ETF Tianhong (159241) has shown significant growth, with a turnover of 9.36% and a total transaction volume of 47.84 million yuan as of November 10, 2025 [2] - The ETF has seen a scale increase of 29.39 million yuan over the past week, indicating strong investor interest [2] - The ETF tracks the Guozheng Aerospace Index, which has a high concentration in defense and military sectors, with a weight of 98.2% [2] Product Highlights - The aerospace sector has consistently participated in bull markets exceeding 4000 points, making ETFs a recognized stable investment strategy [2] - The Guozheng Aerospace Index is characterized by a dual focus on "military industry + satellite," aligning with popular themes such as low-altitude economy and commercial aerospace [2] - The index has a combined weight of over 68% in "aerospace equipment + aviation equipment" and a military-civilian integration content of 76.55% [2] Recent Events - On November 10, 2025, the Long March 12 rocket successfully launched 13 low-orbit satellite internet satellites, marking its third launch and the 607th for the Long March series [3] - The Lijian-1 Yao-9 rocket also launched the Chutian-2 technology test satellite, contributing to a total of 75 satellite launches [3] Institutional Perspectives - CICC highlights that technological spillover is driving growth in emerging sectors such as large aircraft, low-altitude economy, and commercial aerospace [4] - As of September 2025, COMAC has delivered 22 C919 passenger aircraft, with expectations for increased production and delivery capabilities in 2026 [4] - The satellite internet sector is entering a normalization phase, with industrialization expected to accelerate in 2026 [4] - The low-altitude economy is progressing with clearer infrastructure and safety capabilities, anticipating high-quality development in 2026 [4]

Core Viewpoint - The government has issued measures to promote private investment in the low-altitude economy, particularly in infrastructure construction and satellite communication business access policies [1] Group 1: Government Initiatives - The government encourages orderly participation of private capital in low-altitude economy infrastructure [1] - Equal treatment of private investment projects in commercial space frequency licensing and launch approvals [1] - Optimization of satellite communication business access policies [1] Group 2: Market Response - On November 11, the Aerospace ETF (159227) opened high, with leading stocks such as Triangular Defense and Huayin Technology showing significant gains [1] - The Aerospace ETF has seen continuous inflows, reaching a new high of 1.959 billion yuan, making it the largest aerospace ETF in the market [1] Group 3: Industry Outlook - Southwest Securities indicates that the national 14th Five-Year Plan suggests accelerating the development of the aerospace and low-altitude economy industries [1] - The national strategy focuses on the new low-altitude economy sector, with local governments issuing development policies [1] - State-owned enterprises are actively establishing low-altitude economy companies [1] - Key application scenarios include low-altitude logistics and low-altitude cultural tourism [1] - Leading eVTOL manufacturers are securing orders and expanding overseas, indicating a clear trend towards large-scale development in the industry [1] Group 4: ETF Composition - The Aerospace ETF closely tracks the National Aerospace Index, which has a high military industry proportion of 98.2% [1] - The index covers critical industry chain segments such as aerospace equipment, satellite navigation, and new materials [1] - The commercial aerospace concept accounts for 51.83% of the index's weight [1]

Core Viewpoint - Jinbo Co., Ltd. has shown a significant increase in stock price and revenue, but has faced a substantial decline in net profit, indicating potential challenges ahead in profitability despite growth in sales [1][2]. Group 1: Stock Performance - On November 11, Jinbo's stock price increased by 2.02%, reaching 31.78 CNY per share, with a total market capitalization of 6.597 billion CNY [1]. - Year-to-date, Jinbo's stock price has risen by 50.90%, with a 5-day increase of 5.37%, a 20-day decline of 8.47%, and a 60-day increase of 18.58% [1]. Group 2: Financial Performance - For the period from January to September 2025, Jinbo achieved a revenue of 618 million CNY, reflecting a year-on-year growth of 40.34% [2]. - The net profit attributable to shareholders for the same period was -276 million CNY, representing a year-on-year decrease of 88.84% [2]. Group 3: Shareholder Information - As of September 30, 2025, the number of Jinbo's shareholders increased to 14,300, up by 7.13%, while the average circulating shares per person decreased by 6.66% to 14,262 shares [2]. - The company has distributed a total of 104 million CNY in dividends since its A-share listing, with 23.5185 million CNY distributed over the past three years [3]. Group 4: Major Shareholders - As of September 30, 2025, the third-largest circulating shareholder is Invesco Great Wall New Energy Industry Fund A, holding 4.1106 million shares, a decrease of 3,308 shares from the previous period [3]. - Hong Kong Central Clearing Limited is the seventh-largest shareholder with 2.5861 million shares, down by 417,800 shares, while Guotai Junan Growth Flexible Allocation Mixed Fund is a new eighth-largest shareholder with 2.5846 million shares [3].