Market Overview - A-shares experienced a strong performance early in the week, with the Shanghai Composite Index surpassing 3400 points and reaching a new high for the year, followed by a slight adjustment later in the week [1] - Weekly trading volume increased significantly to 7.43 trillion yuan, the highest in two and a half months [1] - Margin trading saw a net buy of over 25.6 billion yuan, the largest weekly net purchase in four months [1] Sector Performance - The computer and non-bank financial sectors attracted over 4 billion yuan in net buying, while the electronics sector saw over 3.5 billion yuan and the power equipment sector over 2.6 billion yuan in net buying [1] - The real estate and construction decoration sectors experienced net selling of over 200 million yuan, with textiles, coal, and oil and petrochemicals also facing slight net selling [1] Capital Inflows - The computer sector received over 48.1 billion yuan in net inflows from major funds, with electronics, non-bank financials, and power equipment sectors each attracting over 30 billion yuan [1] - The defense and military industry saw net inflows exceeding 25.1 billion yuan, while communication, machinery, automotive, and basic chemicals also received over 10 billion yuan each [1] - Banking, oil and petrochemicals, and public utilities sectors experienced net outflows exceeding 2 billion yuan, with food and beverage and beauty care sectors also seeing slight outflows [1] Military and Metal Sectors - The military sector strengthened significantly following the approval of a restructuring plan, with the ground equipment index rising 20.81% and reaching an 8-year high [2] - Leading stocks in the military sector, such as Changcheng Military Industry, saw a cumulative increase of over 91% in the past eight trading days [2] - Metal sector stocks also performed well, with industrial metals, rare metals, and rare resources indices all achieving new highs [2] - Lithium carbonate futures surged by 6.24%, while copper, zinc, and other main contracts also saw five consecutive days of price increases [2] Future Outlook - Domestic policy is expected to gradually improve terminal demand, with metal demand elasticity set to increase [3] - Supply constraints for metals like copper and aluminum are anticipated to continue, leading to a tightening supply-demand situation [3] - Market sentiment indicators suggest potential for further index increases, but caution is advised regarding the brokerage sector's role in market movements [3]

Market Overview - A-shares experienced slight fluctuations with major indices showing mixed results, while the number of rising stocks slightly outnumbered declining ones, and trading volume remained stable [2] - The Shanghai Composite Index rose by 0.11% to 3459.66, the Shenzhen Component Index increased by 0.26% to 10420.86, and the ChiNext Index gained 0.31% to 2134.99 [3] Defense Industry - The defense sector continued its strong upward trend, with the ground equipment index soaring over 7% today, following a nearly 9% increase yesterday, reaching an 8-year high, and accumulating a rise of over 32% since June and over 51% year-to-date [4] - Various sub-sectors such as military trade, military-civilian integration, commercial aerospace, and large aircraft also reached historical highs, with stocks like Wanlima hitting a 20% limit up for the third time in four days [6] - Analysts suggest that military equipment demand in the Middle East may continue to grow, with a potential restart of a new arms race as both Europe and the U.S. increase military investments [8] Solid-State Battery Technology - The solid-state battery sector saw significant gains, with the index rising for the fifth consecutive day, reaching a nearly three-year high, and stocks like Zhonglun New Materials hitting a 20% limit up shortly after market open [9] - QuantumScape, a U.S. listed company, announced a breakthrough in solid-state battery technology, significantly improving production speed and efficiency, which led to a surge in its stock price by over 30% [11][12] - Several A-share companies are advancing their solid-state battery projects, with HaiLiang Co. and Delong Co. establishing partnerships with major domestic automakers for technology integration and product development [12][13]

Core Viewpoint - The military-civilian integration concept has shown a significant increase, with a rise of 2.90%, ranking 9th among concept sectors, indicating strong market interest and investment potential in this area [1][2]. Market Performance - As of June 25, 200 stocks within the military-civilian integration sector experienced gains, with notable stocks such as Wanlima and Guorui Technology reaching a 20% limit up [1]. - Key performers included Zhongbing Hongjian, Zhongtian Rocket, and Taihao Technology, all hitting the limit up, while leading gainers were Xincheng Technology, Guoke Military Industry, and Huqiang Technology, with increases of 25.62%, 14.06%, and 13.48% respectively [1]. - Conversely, stocks like Zhongjing Electronics, *ST Wanfang, and Xiangyang Bearing faced declines of 5.77%, 5.04%, and 2.82% respectively [1]. Capital Inflow - The military-civilian integration sector attracted a net inflow of 38.22 billion yuan from major funds, with 125 stocks receiving net inflows, and 12 stocks exceeding 1 billion yuan in net inflow [2]. - Zhongbing Hongjian led the net inflow with 7.40 billion yuan, followed by Jianshe Industry, Changcheng Military Industry, and Taihao Technology with net inflows of 3.97 billion yuan, 3.40 billion yuan, and 3.07 billion yuan respectively [2]. Fund Flow Ratios - Top stocks by net inflow ratio included Taihao Technology, Zhongguangxue, and Zhongbing Hongjian, with ratios of 33.60%, 31.29%, and 29.32% respectively [3]. - The military-civilian integration concept saw significant trading activity, with stocks like Zhongbing Hongjian and Jianshe Industry showing high turnover rates of 9.75% and 15.38% respectively [3]. Summary of Key Stocks - Notable stocks in the military-civilian integration sector included: - Zhongbing Hongjian (10.02% increase, 29.32% net inflow ratio) [3] - Jianshe Industry (9.99% increase, 25.28% net inflow ratio) [3] - Changcheng Military Industry (10.00% increase, 12.51% net inflow ratio) [3] - Taihao Technology (10.00% increase, 33.60% net inflow ratio) [3]

Group 1 - The 55th Paris-Le Bourget International Air and Space Show will be held from June 16 to 22, 2025, with Beijing Beimo High-Tech Materials Co., Ltd. (referred to as "Beimo High-Tech") participating and engaging with major international aerospace companies such as Boeing, Embraer, Safran Group, and Liebherr Group [1] - Beimo High-Tech aims to leverage its expertise in aircraft landing gear systems and expedite cooperation projects through high-level exchanges during the airshow [1] - The company is focusing on building a second growth curve in the civil aviation market and is actively promoting its subsidiary, Saini Aviation, as an international platform to accelerate the implementation of European and American quality system standards and process certifications [1] Group 2 - Securities research reports are generally optimistic about the military and civil aviation market outlook, with GF Securities indicating that China may become the largest single market for new aircraft deliveries globally over the next 20 years [2] - Beimo High-Tech is positioned to maintain its "ballast" status in the military friction materials sector while using the airshow as a platform to promote its global layout in high-end aviation materials [2] - The company plans to embrace global partners with a more open attitude to contribute to the high-quality development of China's aerospace industry [2]

中信证券股份有限公司 关于成都佳驰电子科技股份有限公司 截至本核查意见出具日，除上述关联交易外，过去 12 个月内公司与同一关 联人或不同关联人之间交易标的类别相关的关联交易金额未达到公司最近一期 经审计总资产或市值的 1%以上且未超过 3,000 万元。根据《上市公司重大资产 重组管理办法》及《上海证券交易所上市公司自律监管指引第 6 号——重大资产 重组》，本次交易不构成重大资产重组。本次交易的实施不存在重大法律障碍。 本次与关联方共同投资设立控股子公司暨关联交易事项已经公司第二届董 事会第十四次会议、第二届监事会第十一次会议及第二届独立董事专门会议第二 次会议审议通过，本次交易无需提交公司股东会审议。 二、关联方基本情况 （一）关联关系说明 本次对外投资的共同投资方佳融至合，其执行事务合伙人姚瑶女士系佳驰科 技的董事长、高级管理人员，根据《上海证券交易所科创板股票上市规则》的规 定，佳融至合属于公司的关联方，本次交易构成关联交易。过去 12 个月，除本 次关联交易外，公司未与关联方佳融至合发生其他关联交易。 （二）关联方情况说明 与关联方共同投资设立控股子公司暨关联交易的核查意见 中信证券股份有限公司（ ...

（原标题：揭秘涨停 | 绑定蚂蚁集团，002015四连板） 今日（6月18日）上证指数微涨0.04%，市场全天成交1.22万亿元，连续3个交易日成交均低于1.3万亿元。电子、计算机两大行业成交额超过1000 亿元，其中电子指数涨幅1.5%，计算机指数下跌0.2%。 涨停战场：5股连续4日涨停 不含未开板新股，今日可交易A股中，收盘封死涨停的有49只，跌停有13只。另外，26股封板未遂，整体封板率为65.33%。 据证券时报•数据宝统计，收盘涨停个股中，主板有41只，创业板5只，科创板3只。以所属行业来看，涨停数量居前的行业有电子、基础化工、机 械设备行业，分别有11只、6只、4只。 从连续涨停天数看，协鑫能科、准油股份、山东墨龙、贝肯能源、金牛化工等已连收4个涨停板。 以协鑫能科(002015)为例，该股收盘股价创2024年以来新高，A股市值突破210亿元。消息面上，6月12日，在SNEC上海光伏展览会上，蚂蚁数科 与协鑫能科共同宣布成立新公司"蚂蚁鑫能"，通过深度融合蚂蚁数科在人工智能、区块链等领域的技术能力，以及协鑫能科在能源项目开发、建 设和运营管理方面的产业优势，合作打造"AI驱动的下一代新能源生态体 ...

Group 1: Industry Overview - In 2024, China's power grid investment is accelerating, with total investment expected to exceed 825 billion yuan in 2025, marking a significant increase in industry activity [1] - The National Grid plans to invest over 650 billion yuan in 2025, while the Southern Grid anticipates an investment of 175 billion yuan, indicating a robust demand for power cables [1] Group 2: Company Performance - Tongda Co., a leading player in the cable industry, reported a 61.98% year-on-year increase in new orders for its cable business in Q1 2025, with pre-bid amounts soaring by 335.89% [2][3] - The company’s pre-bid amount for cables reached 1.024 billion yuan in Q1 2025, compared to 165 million yuan in the same period last year, with total pre-bid amounts surpassing 1.4 billion yuan from January to May 2025 [2] Group 3: Business Strategy and Growth - Tongda Co. emphasizes continuous investment in product development and market expansion, particularly in high-value cable products and overseas markets, to enhance its competitive edge [3][4] - The company is also developing its aerospace manufacturing and new materials segments, which are becoming significant growth drivers alongside its core cable business [4][5] Group 4: Financial Performance - In 2024, Tongda Co. achieved revenue of over 6.2 billion yuan, a year-on-year increase of 11.26%, with Q1 2025 revenue reaching 1.474 billion yuan, up 39.35% from the previous year [6] - The net profit attributable to shareholders for Q1 2025 was 16 million yuan, reflecting a 9.86% increase year-on-year, with a notable growth in core business segments [6]

Market Overview - The A-share market saw a majority of indices decline today, with the Shanghai Composite Index falling by 0.75% to close at 3477.00 points, and the Shenzhen Component Index dropping by 1.10% to 10122.11 points [1] - The total trading volume in the Shanghai and Shenzhen markets reached 146.72 billion yuan, an increase of 19.54 billion yuan compared to the previous trading day [1] - Among the Shenwan first-level industries, only the oil and petrochemical, national defense and military industry, and public utilities sectors experienced gains, while the remaining sectors all declined, with beauty care, media, food and beverage, light industry manufacturing, pharmaceutical biology, and automotive sectors leading the losses [1] Sector Performance - The top-performing concept sectors today included oil and gas extraction, natural gas, shipping selection, military information technology, aircraft carriers, gold and jewelry, deep-sea technology, commercial aerospace, military-civilian integration, large aircraft, general aviation, and diamond cultivation [1]

Group 1: Company Overview - The company operates in a military-civilian integration model, with military products accounting for approximately 30% of revenue and civilian products for about 70% in 2024 [2] - Key military products include small guided rockets, sounding rockets, and military thermal protection components [2] Group 2: Business Growth - The military business is expected to grow by over 50% year-on-year in 2024 [2] - The company is focusing on product series development and multi-platform expansion for guided rockets, with some models already completed and launched [2] Group 3: New Product Development - Recent developments in new materials include carbon-ceramic brake discs and hydrogen evolution electrodes [3] - The company is enhancing new product research and development to explore new application areas [3] Group 4: Market Response Strategies - The company is implementing cost reduction and efficiency improvement measures through new process technologies [3] - Strengthening market development efforts to mitigate the impact of intensified market competition [3]

Core Points - The company is established as a joint-stock limited company in accordance with the Company Law and other relevant regulations, with a registered capital of RMB 662.675236 million [2][3] - The company aims to become a key enterprise in the aerospace industry, focusing on the integration of military and civilian sectors, and promoting internationalization and industrialization [4][5] - The company has a diverse business scope, including technology development, technical services, and manufacturing of various electronic and communication devices [4][5] Company Structure - The company is governed by a board of directors, with the chairman serving as the legal representative [3][4] - Shareholders are liable for the company's debts only to the extent of their subscribed shares, while the company is liable for its debts with all its assets [3][4] - The company has a total of 662.675236 million shares issued, all of which are ordinary shares [6][7] Share Issuance and Management - The issuance of shares follows principles of openness, fairness, and justice, ensuring equal rights for each share of the same category [6][7] - The company can increase its capital through various legal means, including issuing new shares or convertible bonds, subject to shareholder approval [8][9] - The company is prohibited from repurchasing its own shares, except under specific circumstances outlined in the articles of association [10][11] Shareholder Rights and Responsibilities - Shareholders have rights to dividends, voting, and participation in company decisions, as well as obligations to comply with laws and the company's articles of association [13][14] - The company must maintain a shareholder register, which serves as proof of share ownership [13][14] - Shareholders holding more than 5% of shares must declare their shareholdings and any changes [12][13] Governance and Meetings - The company holds annual and extraordinary shareholder meetings, with specific procedures for calling and conducting these meetings [21][22] - Decisions at shareholder meetings require a majority or supermajority vote, depending on the nature of the resolution [34][35] - The company must ensure transparency and legal compliance in its governance practices, including the documentation of meeting minutes and resolutions [33][34]