蓝思科技（300433）(06613)盘中涨超5%，高见25港元再创上市以来新高。截至发稿，涨4.22%，报 24.72港元，成交额2.86亿港元。 消息面上，美银证券认为，公司在折叠屏iPhone、汽车、智能眼镜及机器人等新兴领域具有优势，预期 将受益于iPhone规格升级，而防反射镀膜、3D玻璃及超薄柔性玻璃(UTG)的应用也有望提升平均售价。 公司的结构件专业技术使其能深度参与客户新产品导入(NPI)流程，从而获取智能手机以外的组装项 目。 里昂近期指出，蓝思科技为苹果玻璃盖板及金属机壳的主要供应商，受惠于平均售价提升、市场份额扩 张、iPhone规格升级、折叠iPhone及3D玻璃趋势。同时，公司是Tesla智能座舱关键供应商，并拓展至小 米车用窗玻璃领域，另与行业龙头合作，布局人形机器人及AI增强现实(AR)眼镜等新兴业务。该行预 测蓝思科技2024至2027年收入年复合增长率达18%，驱动因素包括：智能手机与电脑市场份额提升、汽 车产品多元化及新兴领域扩张。 ...

证券日报网讯银禧科技（300221）7月29日在互动平台回答投资者提问时表示，公司产品可应用于家用 新型服务机器人以及无人机等领域，公司未来将继续与时俱进，加强对新兴领域客户的培育与开发，与 客户共同成长，以提高自身的核心竞争力。 ...

图为发布会现场。 （天津市北辰区委宣传部 供图） 中新网天津新闻7月15日电 15日上午，"向'新'而行 善作善成"专题新闻发布会在天津市北辰区举行，介 绍该区按照理论武装要"实"、新兴领域要"聚"、党建引领要"强"、服务群众要"优"、队伍建设要"硬"的 工作思路，奋力开创北辰社会工作新局面，以一域之为为天津助力添秤的举措成效，并回答记者提问。 会上，天津市北辰区委副书记闫峰介绍，北辰区聚焦推进"两个覆盖"、增强"两个功能"，实施"五个一 线"筑基工程，打造一批党建强、发展强先进典型，天士力集团、华北集团入围中国企业500强榜单，24 家民营企业入选年度天津市民营企业百强榜。探索打造"紫微聚力"党建品牌，通过增动力、挖潜力、聚 合力、强实力、激活力"五力齐发"，推动行业协会商会"群星闪耀"。 同时，北辰区创新打造村居、商圈、楼宇、市场、商户、学校、园区、站区、医院、机关十类新就业群 体"友好场景"，研发推广"码上蜂行"APP，率先建成24小时开放的区级服务中心和网约车、货车司机之 家，经验做法入选全国百个基层思政工作优秀案例。 此外，北辰区还把志愿服务与"经济强区、魅力北辰"建设紧密联系起来，探索打造"运河桨 ...

A股系列指数调样，今日生效！ 根据此前消息，6月16日为A股系列指数定期例行调整的生效日。这次调样的指数包括上证50、上证 180、上证380、科创50等沪市指数，深证成指、创业板指、深证100等深市指数以及沪深300、中证 500、中证1000、中证A50、中证A100、中证A500等跨市场指数。 6月16日，上证580指数也将正式发布，今日起实时行情将发布。 6大跨市场指数合计换187只样本 此次调样，沪深300指数更换7只样本，软通动力、中航成飞等调入指数；中证500指数更换50只样本， 恒玄科技、百济神州等调入指数；中证1000指数更换100只样本，万辰集团、思瑞浦等调入指数；中证 A50指数更换4只样本，北方稀土、东鹏饮料等调入指数；中证A100指数更换5只样本，中国重工、沪电 股份等调入指数；中证A500指数更换21只样本，润泽科技、恒玄科技等调入指数。可见，6大跨市场指 数合计更换187只样本。 | 002368 | 太极股份 | 001696 | 宗申动力 | | --- | --- | --- | --- | | 002373 | 千方科技 | 002007 | 华兰生物 | | 00238 ...

A股系列指数调样，今日生效！ 根据此前消息，6月16日为A股系列指数定期例行调整的生效日。这次调样的指数包括上证50、上证 180、上证380、科创50等沪市指数，深证成指、创业板指、深证100等深市指数以及沪深300、中证 500、中证1000、中证A50、中证A100、中证A500等跨市场指数。 6月16日，上证580指数也将正式发布，今日起实时行情将发布。 | 002368 | 太极股份 | 001696 | 宗申动力 | | --- | --- | --- | --- | | 002373 | 千方科技 | 002007 | 华兰生物 | | 002384 | 东山精密 | 002130 | 沃尔核材 | | 002407 | 多氟多 | 002312 | 川发龙蟒 | | 002408 | 齐翔腾达 | 002461 | 珠江啤酒 | | 002487 | 大金重工 | 002773 | 康弘药业 | | 002531 | 天顺风能 | 002837 | 英维克 | | 002557 | 治治食品 | 002851 | 麦格米特 | | 002625 | 光启技术 | 300115 | 长盈精密 | ...

Core Viewpoint - The performance briefing of Southern Precision (002553) highlighted the company's strong growth in the automotive parts and emerging sectors, showcasing its commitment to innovation and market expansion [1][3]. Financial Performance - In 2024, Southern Precision achieved a net profit of 107 million yuan, representing a year-on-year increase of 23.69%, indicating a significant improvement in the profitability of its core business [1]. - Revenue from products in the new energy vehicle sector reached 81.3 million yuan, up 13.89% year-on-year, becoming a key driver of the company's performance growth [1]. Research and Development - The company applied for 20 new patents in 2024, including 2 invention patents, and was granted 20 patents, with 7 being invention patents, bringing the total effective patents to 151, of which over 20% are invention patents [2]. - Southern Precision's precision bearing products have been applied in industrial robots, and the company aims to enhance its technological barriers through continuous R&D and potential acquisitions [2]. Accounts Management - The actual accounts receivable turnover rate for 2024 was clarified to be 3.75 times per year, significantly higher than the previously mentioned figure of 0.84 times, demonstrating effective credit management [2]. - The company raised over 100 million yuan by reducing its stake in Pan-Asia Micro透股份, which will be reinvested into core business development, including production line upgrades and capacity expansion [2]. Investor Relations - Southern Precision emphasized transparency and openness in investor relations, having improved its information disclosure management system and established multiple communication channels with investors [2]. - The company addressed market speculation regarding stock price fluctuations, confirming that there are no undisclosed negative factors and urging investors to rely on official announcements [2]. Strategic Direction - The performance briefing signaled Southern Precision's clear transition from a traditional automotive parts supplier to a comprehensive service provider in "high-end manufacturing and emerging fields," positioning the company to maintain a competitive advantage amid industry changes [3].

Investment Rating - The report maintains a "Buy" rating for China Railway Construction Corporation (601186.SH) [4][6] Core Views - The company's Q1 performance remains under pressure due to fluctuating gross margins and a need for improvement in traditional infrastructure investments. However, cash flow has shown some improvement [1][2] - The company has a substantial backlog of contracts, amounting to 78,613 billion, which is 7.4 times the revenue expected for 2024, indicating a strong order book that could stabilize future revenue as new funding sources are deployed [1] - New contracts in emerging sectors such as mining and electricity have seen significant growth, while overseas orders continue to increase [3] Financial Performance Summary - For Q1 2025, the company reported total revenue of 256.8 billion, a decrease of 6.6% year-on-year, and a net profit attributable to shareholders of 5.15 billion, down 14.5% year-on-year [1] - The gross margin for Q1 2025 was 7.51%, a decline of 0.28 percentage points year-on-year, while the expense ratio improved slightly to 4.15% [2] - The company’s operating cash flow showed a net outflow of 38.95 billion, which is an improvement compared to a larger outflow in the previous year [2] Contract and Order Summary - In Q1 2025, the new contract value was 492.8 billion, down 10.5% year-on-year, with infrastructure projects accounting for 85% of the total new contracts [3] - Emerging engineering orders, particularly in railways, mining, and electricity, have seen substantial increases, with growth rates of 66%, 139%, and 29% respectively [3] - Domestic and overseas new contract values were 448.7 billion and 44.2 billion respectively, showing a year-on-year decline of 13% for domestic contracts but a 30% increase for overseas contracts [3] Earnings Forecast - The forecast for net profit attributable to shareholders for 2025-2027 is 21.5 billion, 21.6 billion, and 21.9 billion respectively, with corresponding EPS of 1.58, 1.59, and 1.61 [4]

Company Overview - The report highlights that China Telecom (601728.SH) focuses on computing power investment and expanding into emerging fields, achieving a revenue of 523.57 billion yuan in 2024, a year-on-year increase of 3.1% [4][5] - The service revenue reached 482.03 billion yuan, up 3.7% year-on-year, with EBITDA at 140.85 billion yuan, reflecting a 2.9% increase [4][5] - The net profit attributable to shareholders was 33.01 billion yuan, marking an 8.4% year-on-year growth, with a basic earnings per share (EPS) of 0.36 yuan, also up 8.4% [4][5] Business Segments - The mobile communication service revenue grew to 202.5 billion yuan, a 3.5% increase year-on-year, with mobile value-added and application revenue rising by 16.1% to 29.9 billion yuan [5][6] - The fixed-line and smart home service revenue reached 125.7 billion yuan, up 2.1% year-on-year, with smart home business revenue increasing by 16.8% to 22.1 billion yuan [5][6] - The broadband user base reached 197 million, with a net increase of 7 million users, and the broadband ARPU remained stable at 47.6 yuan [5][6] Emerging Business Growth - The report indicates that the digital industry revenue reached 146.6 billion yuan, a 5.5% increase, accounting for 30.4% of service revenue [5][6] - Tianyi Cloud revenue grew by 17.1% to 113.9 billion yuan, with international business revenue reaching 16.88 billion yuan, up 15.4% year-on-year [5][6] - The company has made significant advancements in AI, quantum/safety, and satellite communication, with AI revenue increasing by 195.7% to 8.9 billion yuan [6] Capital Expenditure and Future Outlook - Capital expenditures are projected to decrease, with 2024 expenditures at 93.5 billion yuan, down 5.4% year-on-year, and a further decline to 83.6 billion yuan in 2025 [7][9] - The report anticipates a strong growth trajectory for revenue, EBITDA, and net profit through 2025, with a focus on maintaining high dividend payouts [9] - The company aims to achieve a payout ratio of 72% for 2024, with plans to increase cash distributions to over 75% of net profit within three years [9] Industry Insights - The GLP-1 RA market is projected to exceed 50 billion USD globally in 2024, with significant growth potential in diabetes and weight loss treatments [11][12] - The report notes that the number of diabetes patients in China is expected to reach 150 million by 2025, indicating a substantial market for GLP-1 drugs [11][12] - The introduction of domestic dual-target GLP-1 drugs is anticipated, with ongoing clinical trials showing promising results in weight loss and diabetes management [10][11]