火爆！ 对于2025年的A股上市公司并购行情，笔者只能用这两个字来形容。 IPO日报从几个维度对今年来上市公司的并购情况进行了统计： 另外还有一个现象值得注意，那就是今年以来，沪深交易所并购重组委审核了13家上市公司的并购重组项目，除了罗博特科首次上会暂缓审 议，目前过会率为100%。 另外，笔者发现，当前A股市场的火热并购和全球证券市场的趋势一致：2025年上半年并购交易金额增长15%至1.5万亿美元，10亿美元以上大 型交易增长19%，显示出资金向规模企业集中。其实这种情况比较好理解。这里有三个商业逻辑：1、强强联合，抱团取暖；2、大鱼吃小鱼，抢占 有利行业地位；3、找到救命稻草，扭转困境。 当前世界政治经济面临巨大的不确定性，俄乌冲突数年至今未解，以伊冲突再显中东地区的政治动荡，美国掀起的关税大战让世界贸易格局突 变。而当前的世界政治、经济和军事的不确定性让企业经营变得更加困难，特别是一些中小企业。 如何摆脱这种困境？各个国家和地区各有各的招。中国政府与时俱进，针对当前的世界政治经济格局变化以及国内的实际情况，出台或修订各 种政策，推动企业及时转向，以实现国民经济高质量发展。如《关于深化科创板改革服务科 ...

每经评论员 张蕊 高效协同与产业更新是海洋经济高质量发展的关键路径。海洋经济横跨多个领域与部门，亟需加强顶层 设计，完善政策引导，激发社会资本参与活力。政策层面，需强化部门间协调，形成合力，打破"陆海 分割"局面，推动陆海统筹发展：一方面，通过深度融合海洋渔业与陆地食品加工等产业，延伸产业 链、提升附加值；另一方面，加快传统产业转型升级，例如推动船舶工业向高端化、智能化、绿色化迈 进，优化海洋交通运输网络，并重点培育海洋生物医药、新能源、信息科技等战略性新兴产业，构建现 代化海洋产业体系。 人海和谐是海洋经济可持续发展的基石。在"蓝色GDP"逐渐成为新的增长点背景下，只有切实保护海洋 生态系统，如实施海洋生态修复工程，改善环境质量，才能为海洋旅游等相关产业提供生态保障，实现 经济发展与生态保护的良性互动。 建设海洋强国，是实现中华民族伟大复兴的重要战略任务。要实现海洋经济的高质量发展，必须坚持创 新驱动、高效协同、产业更新和生态友好的发展理念，通过顶层设计统筹资源配置，发挥比较优势，补 齐发展短板。唯有如此，才能让我国海洋经济在新时代焕发新活力，为经济社会发展提供坚实支撑，也 为全球海洋经济注入更多中国智慧和 ...

中国经济网北京7月6日讯据上交所网站消息，上海证券交易所并购重组审核委员会2025年第8次审议会 议于2025年7月4日召开，审议结果显示，中国船舶工业股份有限公司(证券代码：600150，证券简称： 中国船舶)发行股份购买资产符合重组条件和信息披露要求。 重组委会议现场问询的主要问题 2025年6月28日，中国船舶发布的换股吸收合并中国船舶重工股份有限公司(证券代码：601989，证券简 称：中国重工)暨关联交易报告书(草案)(上会稿)显示，本次交易通过换股吸收合并的方式对中国船舶和 中国重工进行重组整合。本次交易的具体方式为：中国船舶以向中国重工全体换股股东发行A股股票的 方式换股吸收合并中国重工。 中国船舶为吸收合并方，中国重工为被吸收合并方，即中国船舶向中国重工的全体换股股东发行A股股 票，交换该等股东所持有的中国重工股票。本次合并完成后，中国重工终止上市并注销法人资格，中国 船舶将承继及承接中国重工的全部资产、负债、业务、人员、合同及其他一切权利与义务。中国船舶因 本次换股吸收合并所发行的A股股票将申请在上交所主板上市流通。 吸并方中国船舶的独立财务顾问是中信证券，财务顾问主办人是张明慧、胡锺峻、李 ...

针对日菲两国不断搞小动作破坏地区和平稳定，中国外交部发言人林剑去年7月8日在例行记者会上表示，国与国之间开展交流合作，不应损害地 区国家间的相互理解与信任，不应破坏地区和平与稳定，不应针对第三方或损害第三方利益。林剑表示，亚太地区不需要军事集团，更不需要挑 动阵营对抗、鼓动新冷战的小圈子。任何损害本地区和平稳定、破坏本地区团结合作的行径，都将招致地区人民的警惕和共同反对。 《读卖新闻》援引消息人士称，此次向菲律宾出口的"阿武隈"级护航驱逐舰已在日本海上自卫队服役逾三十年。报道称，日本防卫大臣中谷元与 菲律宾防长特奥多罗上月在新加坡就军舰出口达成协议，菲军方将于今夏对日方舰艇启动检验程序。 路透社称，根据日本海军官网数据，"阿武隈"级护航驱逐舰标准排水量2000吨，配备反潜反舰导弹、鱼雷发射管及火炮，编制约120名船员。报道 称，目前菲律宾海军仅拥有吨位较小、火力较弱的护卫舰与轻型护卫舰。 对于上述报道，日本防卫省发言人拒绝就此置评，而菲律宾军方也暂未回应。 【环球网报道 记者 赵建东】路透社援引日本《读卖新闻》7月6日报道称，日本将向菲律宾出口六艘二手海军驱逐舰，以应对所谓的"中国海上扩 张"。报道还称，作为 ...

Group 1: Energy Sector Breakthroughs - The largest thermal power plant in construction, Zhejiang Beilun Power Plant's Unit 8, has successfully commenced operation after 168 hours of full-load trial operation, with an annual power generation capacity of 6 billion kWh [1] - The first domestically built methanol dual-fuel container ship, "COSCO Shipping Yangpu," has completed its maiden voyage and the first domestic green methanol refueling at Yangpu International Container Terminal [3][6] - The world's first 500 MW impulse turbine runner, with a maximum diameter of 6.23 meters, has been successfully developed and will be applied at the Zhala Hydropower Station in Tibet, showcasing significant advancements in hydraulic performance and pressure capacity [8][11] Group 2: Natural Gas and Renewable Energy Developments - China's first full-chain multi-condition deep cold processing plant for natural gas has been fully operational in Sichuan, utilizing low-temperature technology for high-efficiency separation and liquefaction of natural gas, capable of processing 2 billion cubic meters annually [12][13][15] - The first floating photovoltaic project in a full seawater environment has been completed and put into operation in Qingdao, Shandong, covering an area of approximately 60,000 square meters with an installed capacity of 7.5 MW, expected to generate 16.7 million kWh of green electricity annually [15][17][19]

行情回顾 本周板块表现：上周（2025/06/30-2025/07/04）5 个交易日，SW 机械设备指数上涨 0.26%，在申万 31 个一级行 业分类中排名第 24；同期沪深 300 指数上涨 1.54%。2025 年至今表现：SW 机械设备指数上涨 8.29%，在申万 31 个一级行业分类中排名第 7；同期沪深 300 指数上涨 1.20%。 核心观点 投资建议 见"股票组合"。 风险提示 宏观经济变化风险；原材料价格波动风险；政策变化的风险。 敬请参阅最后一页特别声明 1 工程机械开工景气度短期波动，不改内需复苏长逻辑。6 月工程机械主要产品月开工率为 56.9%，同比下降 7.55 pct，环比下降 8.56pct。6 月工程机械主要产品月平均工作时长为 77.2 小时，同比下降 9.11pct，环比下降 8. 56pct。根据挖掘机更新周期为 8 年左右测算，25、26、27 年国内挖掘机更新需求为 14.3、19.5、24.9 万台。 更新周期带动的内销复苏长逻辑有望维持，带动主机厂业绩持续增长。建议关注三一重工、徐工机械、中联重 科、柳工、恒立液压。 两机业务增长加速+低空业务即将进入批量交付 ...

近日，记者从前海管理局获悉，前海正加快打造深圳全球海洋中心城市重要承载地，全面实施海洋经济 发展的"14126"行动计划，在船舶产业智能化、自主化、集群化取得新突破，港口航运智慧化绿色化转 型取得新成效，助力构建生产、生活与生态交融型活力海岸带。(深圳特区报) ...

Group 1 - The global first pure ammonia fuel internal combustion engine demonstration vessel "Ammonia Hui" successfully completed its maiden voyage, marking a significant breakthrough in the industrial application of ammonia fuel in shipping by China Shipbuilding Group Henan Diesel Engine Heavy Industry Co., Ltd. [1] - The vessel is equipped with a CHG234V8MPI gas generator set developed independently by the company, featuring a 200kW gas generator and two 100kW propulsion motors, with a full load displacement of 50 tons and a rated speed of 10 knots [1][2] - Ammonia is recognized as a potential candidate for decarbonizing shipping due to its high energy density and carbon-free combustion, producing only water and nitrogen when burned [1] Group 2 - The successful maiden voyage achieved stable and complete combustion of pure ammonia fuel, near-zero carbon dioxide emissions, and effective control of nitrogen oxides, validating the feasibility of ammonia-hydrogen blended fuels in various sectors [2] - The company plans to accelerate the development of new power models using pure methanol and ammonia-hydrogen fuels, focusing on breakthroughs in low-carbon fuel megawatt-class models and their engineering applications [2]

Economic Development - Hong Kong's economy is showing steady improvement, with new advantages and strengths emerging, leading to significant global ranking advancements [1][2] - As of 2024, Hong Kong manages nearly $4 trillion in assets, with around 3,000 family offices operating in the region, over half of which have assets exceeding $50 million [2] - The Hang Seng Index has led global markets, with IPO fundraising exceeding HKD 90 billion, ranking first worldwide [2] Trade and Investment - The trade volume between mainland China and Hong Kong has increased from CNY 420.87 billion in 1997 to CNY 2.2 trillion in 2024, representing a 4.2-fold growth with an average annual increase of 6.3% [3] - Hong Kong's air cargo volume remains the highest globally, and its ship registration tonnage ranks fourth worldwide [2] Social and Infrastructure Development - The Hong Kong government has accelerated housing and land supply, introducing "simple public housing" while reducing the waiting time for public housing from a peak of 6.1 years to 5.3 years [2] - Public welfare programs have expanded, including the extension of elderly medical vouchers to more healthcare institutions in the Greater Bay Area [2] Youth Employment and Talent Attraction - The Hong Kong government has relaxed eligibility for youth employment programs to enhance job capabilities among young people [2] - Over 80 cutting-edge technology companies have established operations in Hong Kong, reflecting the region's renewed competitiveness in attracting talent [2]

Group 1: Export Growth and Market Expansion - The largest land port for automobile exports in China, Horgos, is experiencing a surge in vehicle exports, with daily long queues for customs checks [1] - Jiangsu Doremi Automotive Technology Co., Ltd. reported sales of 98 million yuan last year, with expectations to exceed 120 million yuan this year, highlighting Central Asia as a new growth point [1] - In the first five months of this year, the total import and export value of Zhenjiang reached 43.62 billion yuan, a historical high for the same period, with a year-on-year growth of 5.5% [1] Group 2: Innovation and Product Development - Jiangsu Wode Agricultural Machinery Co., Ltd. achieved overseas sales of 1.25 billion yuan from January to May, a 34% increase year-on-year, driven by product innovation [2] - The company has developed products tailored for international markets, including palm harvesting machines for Southeast Asia [2] - Zhenjiang Shipyard Group signed contracts for eight deep-water anchor handling vessels and one of the largest sulfur transport vessels, with delivery dates extending to 2028 [2] Group 3: Cross-Border E-commerce and New Business Models - Zhenjiang has established a cross-border e-commerce platform to enhance trade capabilities, with over 850 cross-border e-commerce companies formed in the region [5] - The city is focusing on developing nine cross-border e-commerce industrial belts, including hardware tools and automotive parts [5] - Zhenjiang Jinzhitai Textile Co., Ltd. has expanded its market reach beyond the U.S. to Japan, Australia, and Europe, achieving over 20% growth in non-U.S. markets [4] Group 4: Policy Support and Trade Facilitation - The RCEP agreement has provided tariff reductions, enhancing the competitiveness of Zhenjiang's products in markets like Japan and Southeast Asia, with a 20% increase in orders for certain products [6] - Zhenjiang Customs is actively guiding companies to utilize policy benefits, improving export clearance efficiency through tailored services [6] - The city is promoting online sales of foreign trade products, facilitating connections between local exporters and e-commerce platforms [6]