Core Insights - The 2025 Nanjing Software Conference is scheduled to take place from June 17 to June 19 in Nanjing [1] - The theme of the conference is "Industrial Software Empowering Intelligence, Open Source Innovation Enabling" [1] - The event will focus on key areas such as industrial software, trusted computing industry, and open source ecology [1] Event Details - The conference will feature a main conference, four major sub-forums, and a software park investment promotion activity [1] - The event aims to promote three major brands: "Trillion Software City," "Industrial Software Looks at Nanjing," and "Harmony City" [1]

6月10日，AH股午后跳水。计算机、电子、通信等行业板块领跌A股，IDC（算力租赁）、DeepSeek、 大数据等概念指数盘中重挫，稀土板块逆势爆拉。受计算机板块下跌的影响，信创ETF（562570）午后 一度跌近4%，深信服、泛微网络、用友网络、星环科技、金山办公、浪潮软件等持仓股领跌；云计算 50ETF（516630）跌超2%，深信服、石基信息、用友网络、金山办公、云天励飞、科华数据、中科星 图等持仓股领跌。 （文章来源：每日经济新闻） 关于计算机板块，华创证券认为板块确认进入反弹通道，重视6-7月做多窗口期。5月下旬，昆仑万维天 工超级智能体，在性能与指标上超过OpenAI Research和Manus；5月25日，海光信息、中科曙光发布公 告，海光拟吸引合并曙光打造国产算力垂直平台型龙头；5月28日，DeepSeek R10528发布，版本更新带 来性能进一步提升；6月5日，中国软件完成对麒麟软件增资扩股。近日字节火山引擎春季发布会将召 开，以及360智能体发布会，该机构判断，当前计算机已经进入6月AI Agent行情，产业推动商业化加速 落地，将带来年度科技行情。 1、信创ETF（562570）跟踪 ...

6月10日早盘，综合、银行、医药生物等行业板块领涨A股，抗生素、血液制品、干细胞、减肥药、锂 电正极等概念指数盘中活跃。近期备受资金关注的信创ETF（562570）开盘后一度跌超2%，持仓股跌 多涨少，概伦电子、深信服、用友网络、泛微网络等跌幅居前，中科曙光触及10CM涨停，海光信息一 度涨超5%。消息面上，6月9日晚间，海光信息、中科曙光纷纷发布公告，披露重组进展，两家公司股 票今日双双复牌。 据悉，信创ETF（562570）跟踪中证信息技术应用创新产业指数。该指数聚焦新质生产力，布局自主可 控头部公司，覆盖人工智能、数据算力、工业软件、信息安全等前沿科创产业。截至6月9日，指数前十 大权重股分别为浪潮信息、海光信息、华大九天、深信服、金山办公、用友网络、恒生电子、中科曙 光、广联达、三六零，合计权重占比47.72%。信创ETF（562570）为跟踪该指数规模最大的ETF。截至 6月9日，信创ETF（562570）自5月16日以来已连续16个交易日获资金净流入，合计净流入金额高达 22.78亿元。 （文章来源：每日经济新闻） 长江证券指出，我国计算机信创领域在多轮试点推广拉动下产品不断进步，从可用逐渐向好用 ...

Group 1 - The banking and pharmaceutical sectors are leading the A-share market, with active indices in antibiotics, blood products, stem cells, weight loss drugs, and lithium battery anodes [1] - The recent restructuring announcements from Haiguang Information and Zhongke Shuguang have led to their stocks resuming trading, with Zhongke Shuguang planning to merge with Haiguang Information through a share swap, resulting in Zhongke Shuguang's delisting [1] - The restructuring will allow Haiguang Information to inherit all assets, liabilities, businesses, personnel, contracts, and other rights and obligations of Zhongke Shuguang [1] Group 2 - Huachuang Securities reports that the integration in the Xinchuang industry chain is accelerating towards "technology complementary integration" and "ecological closed-loop construction," forming a dual path of vertical collaboration between software service providers and hardware manufacturers [2] - Current mergers and acquisitions in the industry exhibit three characteristics: 1) Technology synergy orientation, exemplified by the strategic restructuring of Zhongke Shuguang and Haiguang Information, which connects the "chip design-liquid cooling server-industry solution" chain [2] 2) Policy-driven concentration, enhancing industry concentration and encouraging mergers to optimize resource allocation [2] 3) International ecological layout, allowing companies to acquire core technologies through cross-border mergers and build a global supply chain [2] Group 3 - The Xinchuang ETF (562570) tracks the CSI Information Technology Application Innovation Industry Index (300832), focusing on autonomous and controllable leading companies in cutting-edge technology sectors such as artificial intelligence, data computing power, industrial software, and information security [3] - As of June 9, the top ten weighted stocks in the index include Inspur Information, Haiguang Information, and Zhongke Shuguang, with a total weight of 47.72% [3] - The Xinchuang ETF has seen a continuous net inflow of funds for 16 trading days since May 16, totaling a net inflow of 2.278 billion yuan [3]

Core Insights - A recent report by Renmin University of China's Global Public Opinion Research Center indicates that 86% of global respondents view China as advanced in digital technology, with 92.2% from developing countries and 75.2% from developed countries [1] - China's digital economy is projected to have a core industry value-added accounting for about 10% of GDP by 2024, with significant breakthroughs in integrated circuits, artificial intelligence, industrial software, and foundational software [1] - The establishment of six national digital economy innovation development pilot zones in provinces such as Hebei, Zhejiang, and Guangdong aims to explore new mechanisms for digital economy elements and resource allocation [1] Policy Framework - The State Council has released the "14th Five-Year Plan for Digital Economy Development," focusing on optimizing digital infrastructure, leveraging data elements, and promoting industrial digital transformation [2] - The Central Committee and State Council's 2023 "Overall Layout Plan for Digital China Construction" emphasizes accelerating digital technology innovation and deep integration with the real economy [2] - Local governments are also implementing action plans to promote high-quality digital economic development, creating a comprehensive policy environment for digital technology [2] Mechanism Improvement - Digital technology should be integrated into the national innovation system, with a comprehensive policy framework covering basic research, application development, and results transformation [3] - Establishing a data property rights system and a governance framework that balances security and efficiency is essential for facilitating data flow and transactions [3] - Reforming regulatory mechanisms to eliminate barriers to digital technology application and creating a supportive environment for new technologies and business models is crucial [3] Technical Advancement - Focus on key areas such as artificial intelligence algorithms, high-end chip design, and quantum information science to drive core technology breakthroughs [3] - Increase investment in basic research and promote deep integration of industry, academia, and research to build a comprehensive innovation system [3] - Strengthening the digital technology standard system and enhancing international influence in rule-making are vital for fostering a competitive digital technology ecosystem [3] Application Integration - Promote the penetration of digital technology across the entire value chain of the real economy, accelerating the transformation of manufacturing through intelligent upgrades [4] - Expand application scenarios in fields like bio-manufacturing, smart energy, and digital finance to cultivate new integrated business models [4] - Develop collaborative platforms across industries to facilitate technology sharing and efficient flow of resources, while exploring future industries like digital twins and the metaverse [4]

Group 1 - The China Securities Information Technology Application Innovation Industry Index decreased by 1.67% as of May 30, 2025, with mixed performance among constituent stocks [1] - Tianyang Technology led the gains with an increase of 6.77%, while Huada Jiutian experienced the largest decline at 4.74% [1] - The Xinchang ETF (562570) fell by 1.77%, with the latest price at 1.22 yuan, but saw a cumulative increase of 1.72% over the past week [1] Group 2 - The Xinchang ETF has reached a new high in scale at 614 million yuan, making it the largest among similar ETFs [1] - Over the past 10 days, the Xinchang ETF has experienced continuous net inflows, totaling 190 million yuan, with a peak single-day net inflow of 148 million yuan [1] - The strategic restructuring announcement by Haiguang Information and Zhongke Shuguang is highly relevant to the index, as both companies are significant constituents, with a combined weight exceeding 10.2% [2]

Group 1 - A-shares exhibited a narrow fluctuation trend on May 26, with sectors such as soft drinks, power generation equipment, software, leisure products, and cultural media showing significant gains [1] - The strategic restructuring announcement between Zhongke Shuguang and Haiguang Information is expected to impact the market, with both companies' stocks suspended from trading for up to 10 trading days starting May 26 [1] - Historical data indicates that A-shares have experienced two major merger and acquisition (M&A) waves since 2010, with the current market conditions suggesting a new M&A wave may be starting, driven by economic transformation, industry cycle upturns, and policy support [1] Group 2 - The Zhongzheng Xinchuan Index has a high correlation with the recent events, with Haiguang Information and Zhongke Shuguang being the 1st and 7th largest weighted stocks in the index, collectively accounting for 10.2% of the index [2] - The Xinchuan ETF (562570) tracks the Zhongzheng Information Technology Application Innovation Industry Index, focusing on autonomous and controllable leading companies in cutting-edge technology sectors such as artificial intelligence and data computing [2]

Group 1: Technology Sector - Major technology stocks experienced a collective decline, with Baidu Group falling over 4%, Bilibili and Alibaba dropping more than 3%, and other companies like Kuaishou, Xiaomi, and NetEase also seeing declines of over 2% [1][2] - Specific stock performance includes Baidu Group at 82.65, down 4.01%, Bilibili at 140.30, down 3.90%, and Alibaba at 119.10, down 3.25% [3] Group 2: Film and Entertainment Sector - The film sector saw a downturn, with Alibaba Pictures dropping over 5%, and other companies like Emperor Culture, Lingmeng Film, and Maoyan Entertainment also declining [4] - Alibaba Pictures is currently priced at 0.71, down 5.33%, while Emperor Culture is at 0.039, down 4.88% [4] Group 3: Restaurant Sector - The restaurant sector is struggling, highlighted by Tehai International's drop of over 10%, with other companies like Haidilao and Yum China also experiencing declines [7] - Tehai International's stock is priced at 15.68, down 10.30% [8] Group 4: Gold Sector - In contrast, gold stocks rose, with Tongguan Gold increasing over 9%, supported by a strong gold price that reached $3340 per ounce [9] - Specific stock performance includes Tongguan Gold at 1.60, up 9.59%, and Lingbao Gold at 10.04, up 4.37% [9] Group 5: Banking Sector - Banking stocks were active, with Shengjing Bank rising by 3%, and other banks like Postal Savings Bank and Citic Bank also seeing gains [10] - Shengjing Bank is priced at 1.03, up 3.00%, while Postal Savings Bank is at 5.16, up 1.98% [11] Group 6: Automotive Sector - Xiaopeng Motors reported a significant increase in revenue, with Q1 revenue of 15.81 billion, up 141.5% year-on-year, and a projected Q2 revenue of 17.5 billion to 18.7 billion [16] - Xiaopeng Motors' stock is currently at 82.05, with a market cap of 156.186 billion [12] Group 7: Biopharmaceutical Sector - Genscript Biotech saw a rise of over 10% after announcing a strategic partnership with Taohuan Science to enhance antibody discovery solutions [20] - Genscript Biotech's stock is priced at 11.76, with a market cap of 256.03 billion [17] Group 8: Market Outlook - Ping An Securities suggests focusing on undervalued sectors such as technology, innovative pharmaceuticals, and consumer sectors due to the low-risk interest rates in mainland China [21]

Core Viewpoint - The article highlights the significant advancements in China's aircraft strength research and verification over the past 60 years, emphasizing its critical role in ensuring the safety and performance of domestic aircraft like the C919 and AG600 [3][4][8]. Group 1: Development History - The strength research institute was established during the "Third Line Construction" period in 1964, marking a pivotal shift in China's aviation industry from repair to manufacturing and design [4][6]. - The first full-scale destruction test of the H-6 aircraft in 1968 demonstrated China's capability for large aircraft strength verification, marking a new phase in the country's aviation strength research [4][6]. - Over the past six decades, the institute has evolved from a single focus on strength testing to a multi-faceted approach that includes manuals, guidelines, standards, and tools [8]. Group 2: Testing Capabilities - The institute has developed a "building block" testing capability system that includes full-scale static, fatigue, and ground vibration tests, ensuring comprehensive validation of aircraft structures [6][7]. - It has completed hundreds of full-scale tests and thousands of large component tests, supporting the development of key aircraft such as the J-20, Y-20, C919, and AG600 [8]. Group 3: Climate Environment Laboratory - After 15 years of research, the institute established a climate environment laboratory that is internationally leading, capable of simulating extreme weather conditions for aircraft testing [9][10]. - This laboratory can recreate 12 types of extreme climate conditions, significantly enhancing the testing capabilities for aircraft adaptability [10][11]. Group 4: Software Development - The institute has developed the SABRE structural analysis software system, which supports various engineering and structural strength needs, breaking the reliance on foreign software [12]. - This software has been applied across multiple industries and has resolved numerous challenges in aircraft development [12]. Group 5: AG600 Aircraft Development - The AG600 amphibious aircraft, designed for both land and water operations, received its type certificate from the Civil Aviation Administration of China, marking a significant achievement in its development [16][19]. - The strength institute played a crucial role in verifying the structural integrity of the AG600, addressing unique challenges posed by its dual-environment functionality [19][20].

Core Viewpoint - The A-share market showed mixed performance with the Shanghai Composite Index slightly up by 0.19%, while the Shenzhen Component and ChiNext indices declined by 0.26% and 0.22% respectively, indicating a narrow range of fluctuations in the market [1] Financial Sector Performance - Major financial sectors, including insurance, banking, and securities, demonstrated strong performance, with stocks such as Agricultural Bank of China, Shanghai Bank, and Bank of Communications reaching new historical highs [1] Sector Trends - The shipping sector continued its strong momentum, with stocks like COSCO Shipping Development, Ningbo Shipping, Nanjing Port, and Ningbo Ocean all hitting the daily limit [1] - Conversely, sectors such as BC batteries, humanoid robots, and industrial software experienced weakness [1] Overall Market Movement - Insurance, chemical fiber, transportation services, and mineral products sectors led the gains, while engineering machinery, household goods, textiles and apparel, and aviation sectors faced the largest declines [1]