Core Viewpoint - Zhejiang Biyi Electric Co., Ltd. has decided to waive its preferential rights for the transfer and subscription of shares in its associate company, Shanghai Lipai Optical Technology Co., Ltd., which constitutes a related party transaction [1][4]. Summary by Sections 1. Overview of Related Party Transaction - The company holds a 4.9741% stake in Shanghai Lipai Optical Technology Co., Ltd. and plans to waive its preferential rights in the upcoming share transfer and capital increase [1][2]. - The transaction involves Biyi Group Ltd., the company's controlling shareholder, and other parties, with the aim of facilitating the production of AR glasses in the company's facilities [2][3]. 2. Details of the Share Transfer - The original shareholder, Shanghai Kaifeng Kaitai Venture Capital Partnership, intends to transfer 1.9091 million RMB of registered capital, corresponding to a 1.0314% equity stake, to the transaction parties [2][3]. - Biyi Group will invest 2.553191 million RMB to acquire 0.6584% of the equity [3]. 3. Details of the Capital Increase - A new round of financing will raise 43 million RMB, with Biyi Group contributing 27.446809 million RMB for a 3.2490% stake in the increased registered capital [3][6]. - After the capital increase, the registered capital of Lipai Optical will change to 195.0196 million RMB [3]. 4. Impact on Company Holdings - Post-transaction, the company's stake in Lipai Optical will decrease to 4.7209% [13]. - The transaction does not constitute a major asset restructuring and will not affect the company's consolidated financial statements or operational results significantly [4][14]. 5. Related Party Information - Biyi Group is identified as the controlling shareholder and is classified as a related party under relevant stock exchange rules [4][5]. - The company has engaged in over 30 million RMB of related party transactions with Biyi Group in the past 12 months [2][4]. 6. Valuation and Pricing - The valuation of Lipai Optical's total equity was assessed at approximately 718.9352 million RMB based on a report from Kunshan Zhongxin Asset Appraisal [6][5]. - The pricing for the share transfer was determined through negotiation among the parties involved, ensuring fairness and compliance with legal standards [6].

Group 1 - Everbright Wealth Management participated in the offline IPO subscription of Xintong Electronics at a price of 17 yuan, becoming the first bank wealth management company to do so in the industry [1] - Xintong Electronics, established in 1996, has a competitive advantage in technology and a market share of 25%-30% in the intelligent inspection system for transmission lines, and is the leader in the communication operation and maintenance intelligent terminal market [1] - The revenue of Xintong Electronics is projected to grow by 19.08% and 7.97% in 2023 and 2024 respectively, while net profit is expected to increase by 5.60% and 15.11% in the same years, indicating strong growth potential [1] Group 2 - The Chinese government has taken steps to facilitate the participation of bank wealth management products in the capital market, treating them equally with public funds in terms of IPO subscription and other investment opportunities [2] - The elevation of bank wealth management to Class A investors and their inclusion as priority allocation objects for IPOs is expected to enhance the allocation of financial resources and support high-quality development of the real economy [2] - Everbright Wealth Management remains optimistic about the future of the Chinese capital market and plans to increase its presence in this area while effectively managing risks [2]

Group 1 - The Hong Kong stock market opened higher on June 20, with the Hang Seng Index rising by 0.23% to 23,291.40 points, the Hang Seng Tech Index up by 0.3%, and the National Enterprises Index increasing by 0.22% [1] - Southbound capital has accumulated a net purchase of Hong Kong stocks amounting to HKD 696.04 billion this year, which is 86% of the projected net purchase of HKD 807.87 billion for the entire year of 2024 [1] - CICC estimates that the relatively certain incremental southbound capital for the year is between HKD 200-300 billion, with total inflows potentially exceeding HKD 1 trillion for the year [1] Group 2 - The Hong Kong Consumption ETF (513230) combines e-commerce and new consumption, covering relatively scarce new consumption sectors compared to A-shares [2] - The Hang Seng Technology Index ETF (513180) includes core AI assets in China, encompassing technology leaders that are relatively scarce compared to A-shares [2]

"上午刚上传相关手续，下午不出工地就拿到施工许可证，这样的服务速度我们非常满意。"6月3 日，扬子泓远绿色高技术清洁能源船制造基地项目负责人杨伟文赞叹道。靖江市新桥镇依托重大项目三 方联办体系，灵活运用"容缺预审""超时默认制"等举措，全力推动扬子泓远项目施工许可证快速落地。 5月28日，劳氏船级社（中国）有限公司靖江分公司搬迁至靖江市港航贸中心。"选择入驻靖江港航 贸中心，是我们深耕中国市场的重要战略部署，以更好地就近服务客户。"公司首席验船师马琪说。靖 江市依托金融商务中心，重点打造港航贸中心，今年已有8家单位签订入驻协议。 完善"跨境出海"综合服务体系，帮助企业积极开拓新市场；优化土地供应机制，推行多元化土地供 应方式；密集举办产创融合、产学研对接活动……今年以来，靖江多部门协同发力，打出优化营商环 境"组合拳"。该市发布"千帆靖发"揭榜挂帅技术需求征集榜单，面向全球为14家企业征集16项关键技术 解决方案，总悬赏金额达2750万元，市科技部门将提供全流程跟踪服务与政策支持。 全程跟进，助企疏通"关键点" 5月25日，投资5.3亿元的恒睿达光伏电站组件生产项目在靖江城南园区开工。"我们选择在这里投 资， ...

Core Viewpoint - The rapid development of the humanoid robot industry has led to significant advancements in the "electronic skin" sector, with Wuhan Huawai Technology Co., Ltd. transitioning from a follower to a leader in this field [1][6]. Group 1: Development Journey - The company initially faced significant challenges, including a lack of materials, equipment, and standards, which led to a substantial investment of 200 million yuan over two years to develop a sensitive and durable electronic skin [2][5]. - The first generation of the electronic skin could only detect weights of 10 grams, while the latest version can sense weights as low as 1 gram and withstand 1 million pressing tests [2][5]. Group 2: Production and Innovation - The company has successfully transitioned from prototype to mass production, with orders increasing from 200 units per year to 200 units per month, utilizing advanced printing technology for production [5][6]. - The company has developed its own continuous printing technology for electronic skin, becoming a global leader in this production method, and has established over 100 intellectual property rights [6][8]. Group 3: Cross-Industry Applications - The electronic skin is not only used in humanoid robots but has also been applied in wind turbine blades to detect ice thickness, addressing operational challenges in the wind energy sector [7][8]. - The company is actively seeking to apply its technology in various industries, including automotive and medical fields, to create a positive feedback loop for research and development funding [8].

金十数据6月19日讯，爱尔兰央行连续第二个季度下调经济前景，地缘政治不确定性加剧，给这个开放 的小经济体带来压力。根据爱尔兰央行的季度经济公报，修正后的国内需求（MDD）目前预计到2025 年将增长2%，到2026年平均增长2.1%，上个季度的预测分别为2.7%和2.4%。该指标比GDP更准确的衡 量爱尔兰经济增长。预测下修正描绘了一幅新的图景，即美国总统特朗普的贸易战可能对爱尔兰的经济 模式造成极度不利的影响。该国财政严重依赖苹果(AAPL.O)和辉瑞(PFE.N)等美国跨国公司的外国直接 投资，而这些公司受到全球贸易波动的影响。 不确定性加剧 爱尔兰央行再次下调经济预期 ...

Financial Performance Summary - In 2024, the company reported operating revenue of 275.38 million yuan, a decrease of 0.96% year-on-year [1][2] - The net profit attributable to shareholders was 31.64 million yuan, down 78.33% compared to the previous year [1][2] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 19.15 million yuan, a decrease of 30.95% year-on-year [1][2] - The net cash flow from operating activities was 20.68 million yuan, down 35.74% year-on-year [1][2] Q1 2025 Performance - In Q1 2025, the company achieved operating revenue of 41.08 million yuan, a decrease of 28.19% year-on-year [3] - The net profit attributable to shareholders was 143,243.60 yuan, a significant drop of 98.20% compared to the same period last year [3] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -1.43 million yuan, a decrease of 131.04% year-on-year [3] - The net cash flow from operating activities was 2.89 million yuan, down 84.94% year-on-year [3] Initial Public Offering (IPO) Details - The company raised a total of 571 million yuan from its IPO, with a net amount of 511 million yuan after deducting issuance costs [4] - The final raised funds exceeded the original plan by 91.19 million yuan [4] - The IPO was conducted on January 26, 2021, with an issuance price of 30.39 yuan per share [5]

Group 1 - The China Securities Regulatory Commission (CSRC) Chairman announced plans to enhance the STAR Market's demonstration effect, including the establishment of a STAR Market Growth Tier and the reintroduction of the fifth listing standard for unprofitable companies [1] - The STAR Market Growth ETF (588110) saw a strong increase of 1.20% as of June 18, 2025, with notable gains in constituent stocks such as Shengyi Electronics (688183) up 16.63% and Tiande Yu (688252) up 9.28% [1] - The STAR Market Growth ETF has experienced a significant increase in trading volume, with a turnover rate of 4.74% and a daily average transaction of 15.45 million yuan over the past week [1] Group 2 - The STAR Market Growth ETF has achieved a net value increase of 38.29% over the past year, ranking 185 out of 2854 index equity funds, placing it in the top 6.48% [2] - The ETF's highest monthly return since inception was 25.02%, with an average monthly return of 7.25% during the months it increased [2] Group 3 - The management fee for the STAR Market Growth ETF is 0.50%, and the custody fee is 0.10%, making it one of the lowest in its category [3] - The STAR Market Growth Index consists of 50 high-growth companies selected based on revenue and net profit growth rates, reflecting the overall performance of high-growth stocks on the STAR Market [3] - The top ten weighted stocks in the STAR Market Growth Index account for 53.67% of the index, including companies like Haiguang Information (688041) and Hengen Technology (688608) [3] Group 4 - The introduction of new indices in the STAR Market is positively impacting domestic index investment development by enriching the investment target pool and providing more diverse underlying assets for ETFs [4] - The emergence of thematic and industry indices is guiding investors to accurately allocate resources in emerging industries, enhancing the capital market's effectiveness in serving new productive forces [4]

Core Viewpoint - The company plans to change the purpose of its repurchased shares from resale to cancellation, thereby reducing its registered capital [1][3][5] Group 1: Share Repurchase Overview - The company repurchased a total of 5,690,100 shares, accounting for 1.64% of its total share capital, with a total transaction amount of approximately 51.34 million yuan [3] - The repurchase was initially approved on April 22, 2022, with a maximum price of 20.00 yuan per share and was completed by July 12, 2022 [3][4] Group 2: Reason for Change in Share Repurchase Purpose - The change in the purpose of the repurchased shares aims to enhance shareholder value, increase net asset per share, and boost investor confidence [3][5] - The company intends to cancel the repurchased shares, which will reduce the total share capital from 345,752,939 shares to 340,062,839 shares [3][4] Group 3: Impact of Share Cancellation - The cancellation of shares is in compliance with relevant regulations and will not adversely affect the company's operations, finances, or future development [5] - The company's control structure and listing status will remain unchanged following the cancellation [5] Group 4: Next Steps for Implementation - The change in the purpose of the repurchased shares and their cancellation requires approval from the shareholders' meeting [5] - The board of directors will seek authorization from the shareholders to proceed with the cancellation process [5]

Group 1 - The U.S. military's dependence on rare earth elements has reached 97%, indicating a critical reliance that cannot be easily negotiated away [3] - The U.S. has limited domestic refining capabilities, with only 5% of global refining capacity, highlighting a significant vulnerability in the supply chain [3][5] - The Biden administration's efforts to establish a domestic rare earth supply chain have shown limited results, as reported by the Wall Street Journal [5] Group 2 - In 2023, 74% of the rare earth products imported by the U.S. came from China, underscoring the ongoing dependency on foreign sources [6] - Major U.S. companies like Apple and Tesla are facing supply chain pressures related to rare earth materials, prompting them to explore diversification strategies [8] - The shift in global market dynamics is leading to a reconfiguration of power, with countries moving towards de-dollarization and alternative currency settlements [10] Group 3 - The International Monetary Fund reported that the U.S. dollar's share in global foreign exchange reserves fell to 58.9% in Q1 2024, the lowest in 20 years, indicating a decline in U.S. influence [10] - The current situation reflects a broader issue for the U.S. in adjusting its stance towards China, as reliance on critical materials contradicts efforts for technological decoupling [11] - The resilience of China's industrial and policy frameworks suggests that the U.S. may face significant challenges in maintaining its position without addressing structural issues [13]