Group 1 - WanTai Biologics' nine-valent HPV vaccine has been approved for market launch, targeting women aged 9-45, enhancing the company's product line and core competitiveness [3] - Hainan Huatie is planning to issue shares overseas and list on the Singapore Exchange to advance its international strategy and enhance brand influence [4] - HeXing Co. clarified that it is not involved in "unmanned logistics vehicles" or "autonomous driving" businesses, despite market speculation [5] Group 2 - Maiwei Co. intends to invest 100 million yuan in a fund focused on growth-stage companies in the new energy and semiconductor sectors [6] - SuKun Agricultural Development plans to acquire 28.75% of JinTaiSun Grain and Oil for 178 million yuan, increasing its stake to 80% [7] - CITIC Construction Investment has received approval to issue up to 8 billion yuan in technology innovation corporate bonds to professional investors [8] Group 3 - Beibu Gulf Port reported a cargo throughput of 30.86 million tons in May, a year-on-year increase of 6.43%, with a cumulative throughput of 143 million tons for the year, up 12.96% [10] - Kweichow Moutai has repurchased 3.31 million shares for a total expenditure of 5.1 billion yuan by the end of May [12] - Contemporary Amperex Technology has repurchased 6.64 million A-shares for a total of 1.55 billion yuan by May 31 [13] - Jialong Co. has adjusted its share repurchase price ceiling from 2.20 yuan to 3.50 yuan due to recent stock price increases [14] Group 4 - China Electric Power Construction's subsidiary has won a 6.282 billion yuan energy storage project contract [16] - Xili Technology has been awarded a 1.31 billion yuan project by the State Grid for smart energy meters [17]

Core Viewpoint - The stock of Debon Holdings (603056.SH) experienced a significant surge of over 70% from May 26 to June 3, driven by speculation around the "unmanned logistics vehicle" concept and increased holdings by JD Group, but the excitement has cooled following warnings about stock price volatility [1][2][3] Group 1: Stock Performance and Market Reaction - Debon Holdings' stock opened lower on June 4, ending a five-day streak of price increases, which included five consecutive trading days of hitting the daily price limit [2][3] - The stock's rise was fueled by a joint action plan from the Ministry of Commerce and seven other departments aimed at reducing logistics costs and promoting automated delivery vehicles [2][3] - Institutional investors began to withdraw funds, selling a total of 1.54 billion yuan and 2.49 billion yuan on May 28 and 30, respectively [1][3] Group 2: Company Background and Financial Performance - Debon Holdings, acquired by JD Group in 2022, initially saw rapid growth in performance, with a net profit increase of 339% in 2022 [4] - However, the company's profitability has declined sharply, with a net loss of 68.38 million yuan in Q1 2025, representing a year-on-year drop of 173.69% [4][5] - Revenue growth has slowed, with projected revenues of 362.79 billion yuan and 403.63 billion yuan for 2023 and 2024, respectively, reflecting only 15.57% and 11.26% year-on-year growth [4][5] Group 3: Relationship with JD Group - Following JD Group's acquisition, the scale of related transactions between Debon Holdings and JD Group has increased, reaching 33.86 billion yuan and 58.33 billion yuan in 2023 and 2024, respectively [5] - The expected related transaction volume for the current year is projected to be 84.61 billion yuan [5] - Despite the boost from these transactions, the decline in the express delivery business poses a risk to Debon Holdings' operational stability [5]

1、上周五抱团票股灾后，今天修复，典型就是总龙头中毅达差三分钱反包板。早盘最强是有利好刺激的稳定币，御银翠微恒宝三个一字板加上四方雄帝 等大幅高开，还是超预期的。 能；低吸或埋伏热门题材（医药/谷子经济/核聚变/稳定币/无人物流车）核心票，等待轮动。 5、明天干哪只票？ 中邮、哈焊 ❈ | | | 监管期股票 | | | --- | --- | --- | --- | | 股票名称 | 监管开始日期 | 监管结束日期 | 类型 | | 王子新材 | 2025-05-30 | 2025-06-13 | 严重异动 | | 舒泰神 | 2025-05-30 | 2025-06-13 | 严重异动 | | 中邮科技 | 2025-05-30 | 2025-06-13 | 严重异动 | | 永安药业 | 2025-05-29 | 2025-06-12 | 严重异动 | | 中洲特材 | 2025-05-26 | 2025-06-09 | 严重异动 | | 联合化学 | 2025-05-26 | 2025-06-09 | 严重异动 | | 南京港 | 2025-05-23 | 2025-06-06 | 严重异动 | | ...

Investment Rating - The report maintains a "Buy" recommendation for the unmanned logistics vehicle sector, highlighting the commercialization phase and cost reduction opportunities [4]. Core Insights - The launch of the Jiushi E6 unmanned logistics vehicle at a price of 19,800 yuan marks a significant reduction below 20,000 yuan, stimulating market enthusiasm and introducing a new era of intelligent delivery [1][12]. - The unmanned logistics vehicle industry has transitioned from "technological feasibility" to "commercialization," with over 100 cities granted road rights for commercial applications [2][12]. - The report emphasizes the economic advantages of unmanned logistics vehicles, with significant cost reductions in delivery operations, potentially lowering per-package costs by 50% [3][19]. Summary by Sections Section 1: Focus on Unmanned Vehicles - Jiushi's E6 model is priced at 19,800 yuan, introducing a subscription service for fully autonomous driving at 1,800 yuan per month, significantly lowering user entry barriers [1][12]. - The industry is witnessing a surge in orders and production capabilities, with Jiushi and New Stone both reporting substantial order backlogs and delivery milestones [2][16]. Section 2: Cost Model and Economic Viability - The operational data from New Stone indicates that a single unmanned vehicle can deliver 2,000 packages daily, with a cost reduction of 2-3 jiao per package when utilizing multiple vehicles [3][19]. - A cost comparison shows that the monthly operational cost of the Jiushi E6 is estimated to be below 3,000 yuan, significantly lower than traditional delivery vehicles [19][20]. Section 3: Investment Recommendations - The report suggests that unmanned logistics vehicles are well-suited for last-mile delivery within a 10 km radius, enhancing efficiency and reducing costs for logistics companies [4][21]. - Continued recommendations for companies like SF Holding and attention to SF City, which is exploring collaborative delivery ecosystems with unmanned vehicles [4][21]. Section 4: Industry Data Tracking - Air passenger volume from May 30 to June 1 showed a year-on-year increase of 1.3%, while domestic ticket prices decreased by 4.6% [22][23]. - The shipping sector experienced a significant increase in the SCFI index by 31%, indicating a robust demand for shipping services [39][43].

Core Viewpoint - The article highlights the performance of the top-performing stocks in May, emphasizing the significant gains in various sectors, particularly in logistics, innovative pharmaceuticals, and controlled nuclear fusion concepts [3][4]. Group 1: Stock Performance - As of May 30, the Shanghai Composite Index increased by 2.09%, the Shenzhen Component Index rose by 1.42%, and the ChiNext Index gained 2.32% during the month [3]. - Among the top ten stocks, 中邮科技 (China Post Technology) had the highest increase of 157.28%, followed by 舒泰神 (Shutai Shen) with 145.37%, and 王子新材 (Wangzi New Materials) with 108.37% [4][5][6]. Group 2: Company Highlights - 中邮科技 (China Post Technology) focuses on smart logistics systems, with a market capitalization of 9.1 billion yuan as of May 30. The stock price surged from 26 yuan to 67 yuan during May [5]. - 舒泰神 (Shutai Shen) specializes in innovative biopharmaceuticals, with core products including the national class I new drug "苏肽生" and a constipation treatment "舒泰清" [7]. - 王子新材 (Wangzi New Materials) is involved in controlled nuclear fusion, with its stock experiencing significant volatility. The company clarified that its involvement in fusion projects is limited and does not significantly impact its revenue [8]. - 合锻智能 (HeDuan Intelligent) also operates in the controlled nuclear fusion sector, reporting over 200 million yuan in orders for core components of Tokamak devices [9]. - 路桥信息 (LuQiao Information) focuses on traffic information solutions and saw a stock increase of 102.64% during May [10]. - 成飞集成 (Chengfei Integration) reported a 99.52% increase in stock price, with its main business in automotive parts and tools [11]. - 三生国健 (SanSheng GuoJian) announced a collaboration with Pfizer for a dual-specific antibody, with a record upfront payment of 1.25 billion USD for the licensing agreement [12][13]. - *ST亚振 (ST Yazhen) experienced a 93.14% increase, attributed to a change in controlling shareholder, which is expected to enhance the company's operational support [14]. - 中洲特材 (Zhongzhou Special Materials) is involved in high-temperature corrosion-resistant alloys but clarified that its products are not yet applied in controlled nuclear fusion [15]. - 七丰精工 (Qifeng Precision) aims for a 10.02% revenue growth in 2024, focusing on aerospace and rail transportation sectors [16].

一、行情回顾 市场全天震荡调整，创业板指领跌。创新药概念逆势大涨，睿智医药、海南海药、哈三联等多股涨停。猪肉、鸡肉股拉升，巨星农牧、湘佳股份封板。银行 股继续走强，杭州银行、成都银行创历史新高。下跌方面，高位股集体大跌，王子新材等多股跌停。个股跌多涨少，沪深京三市超4100股飘绿，今日成交 1.16万亿。 根据渤海证券统计，本周多款创新药获批上市，包括恒瑞医药的瑞康曲妥珠单抗、磷罗拉匹坦帕洛诺司琼、苹果酸法米替尼，复星医药的枸橼酸伏维西利、 芦沃美替尼，百济神州的泽尼达妥单抗，泽璟制药的盐酸吉卡昔替尼等，同时美国关税政策边际变化带动 CXO 板块快速反弹。 2025年美国临床肿瘤学会（ASCO）即将于当地时间5月30日至6月3日在美国芝加哥召开。 | 股票名称 | | 最新价 = | 涨跌幅 = | 涨停时间 = | 换手率 = | 流通市值 = | | | --- | --- | --- | --- | --- | --- | --- | --- | | 华森制药 | 4天4板 | 20.63 | +10.03% | 09:32:48 | 4.42% | 63.72亿 | 公司旗下5个产品完 美拉唑碳酸氢钠 ...

Core Viewpoint - The stock price of Tongda Electric has surged significantly due to the hype surrounding its autonomous logistics vehicle project in collaboration with Xiamen King Long, alongside strong Q1 performance and high dividend expectations, reaching a new high for the year [1][2]. Group 1: Stock Performance - Tongda Electric's stock has achieved a remarkable increase of over 122% since the low point in April, driven by the rising interest in the "autonomous logistics vehicle" concept [1][3]. - The company has experienced a strong rally, with a cumulative increase of 65% from May 21 to May 29, despite multiple risk warnings issued by the company [2][3]. - As of May 29, the stock closed at 17.56 yuan, marking a new annual high and a total increase of 122.28% from the low on April 9 [3]. Group 2: Financial Performance - In Q1, Tongda Electric reported a revenue growth of 50.85% year-on-year and a net profit growth of 59.21%, with a planned dividend payout ratio of 96.13% of net profit for 2024 [2][4]. - The company's main business, which focuses on smart transportation, generated a revenue of 6.66 billion yuan in 2024, reflecting a year-on-year growth of 16.62% [4]. Group 3: Business Focus and Risks - The core business of Tongda Electric remains centered on traditional bus components, with the autonomous logistics vehicle project still in the exploratory phase and not contributing to revenue [1][5]. - The company has emphasized that the autonomous logistics vehicle project has not yet generated any income and remains uncertain, despite the market's speculative interest [5]. - As of May 22, the controlling shareholders held 62.49% of the company's shares, leading to a high valuation of 189.57 times earnings, significantly above the industry average of 44 times [3][4].

Core Viewpoint - Tongda Electric (603390.SH) announced that its stock price has deviated significantly, with a cumulative increase of over 20% in the last two trading days, indicating abnormal trading fluctuations [1] Company Operations - The company confirmed that its production and operational activities are normal, and there have been no significant changes in daily operations [1] - There have been no major adjustments in the market environment or industry policies affecting the company [1] Product Revenue - Currently, the company does not have any revenue from "unmanned logistics vehicles" or "autonomous driving" product lines [1]

Group 1 - The U.S. federal court has blocked Trump's tariff policy announced on April 2, stating that raising tariffs should be voted on by Congress, indicating internal resistance against Trump's tariff policies [1] - The market showed a broad increase with over 4,400 stocks rising and 800 falling, indicating a bullish market structure, particularly in sectors like unmanned logistics vehicles and smart transportation [1] - The Robotaxi sector, which combines AI and transportation, is gaining attention with expectations of policy support from the upcoming implementation opinions on "AI + Transportation" [1] Group 2 - The controlled nuclear fusion and nuclear power sectors remain key market themes, with some previously underexplored stocks showing potential for rebound [3] - The digital currency and mobile payment sectors are experiencing upward momentum, with U.S. Congress advancing legislation on stablecoins and Hong Kong preparing to establish a licensing system for fiat-backed stablecoin issuers [3] - Siemens has suspended its EDA services to China, which may accelerate the development of domestic EDA software, as the market is currently dominated by a few major companies [3]

市场分析认为，三大利好消息或影响市场： 一是，美国贸易法庭作出阻止特朗普全球关税的裁定，消息发布后，美股期指涨幅扩大，富时中国3倍 做多ETF盘后一度涨近6%。 二是，科技股传来利好，英伟达Q1业绩整体超预期，黄仁勋表示全球对英伟达AI基础设施需求强劲， 公司盘后股价大涨5%。 5月29日，A股早盘震荡反弹，创业板指领涨，截至9:48，沪指涨0.34%，深证成指涨0.64%，创业板指 涨0.92%。 三是，近期，外资机构密集上调对2025年中国经济发展预期，进一步释放看好A股市场投资价值的信 号，引导更多增量资金增配中国股市。 盘面上，无人物流车概念持续火热，通达电气走出7天6板;汽车整车股同步走强，东风股份直线涨停;核 电、可控核聚变概念反复活跃，尚纬股份6连板;消费电子板块拉升，传艺科技触及涨停;创新药概念再 度走强，舒泰神涨超15%创3年新高。下跌方面，IP经济概念回调，莱绅通灵触及跌停;贵金属、美容护 理、白酒等板块跌幅居前。 展望后市，华创证券认为，展望后市，指数层面短期或维持区间震荡的格局，上下空间有限。配置方 面，维持牛市上半场金融再通胀，红利底仓+小盘成长哑铃配置。 热门板块 1、无人物流车概 ...