A股三大指数早盘涨跌不一，截至午盘，沪指平收，深成指跌0.28%，创业板指跌0.44%，北证50指数跌4.38%。全市场半日成交额7457 亿元，较上日缩量332亿元。全市场4200只个股飘绿。 板块题材上，军工、银行、大飞机板块领涨；固态电池、宠物经济板块领跌。盘面上，军工股涨幅居前，国科天成（301571）、四创 电子（600990）、国睿科技（600562）涨停。创新药概念持续活跃，三生国健4连板。银行股反弹，青岛银行（002948）、渝农商行 （601077）涨幅居前，宠物经济概念跌幅居前。可靠股份（301009）、一致魔芋、洁雅股份（301108）跌超5%，固态电池概念跌幅居 前，宁新新材、长虹能源等多股跌超5%。 暗盘资金正涌入这些股票，点击速看>>> 热点概览： 【4连板】 滨海能源（000695）、棕榈股份（002431）。 【3连板】 慧博云通（301316）。 最强风口榜： NO.1 【军工】 板块内5家涨停，1只连板股，最高连板数为5天3板，涨停股代表：国科天成、海特高新（002023）。 NO.2 【芯片概念】 板块内5家涨停，2只连板股，最高连板数为3天3板，涨停股代表：慧博云通、国 ...

市场早间震荡调整，北证50指数跌超5%，北交所266股中上涨个股仅20余只。银行股再度走强，浦发银 行、江苏银行、成都银行股价创历史新高。军工板块逆势活跃，国科天成、国睿科技、四创电子、烽火 电子等涨停。下跌方面，宠物经济等新消费方向走低，可靠股份跌超10%。个股跌多涨少，沪深京三市 超4400股飘绿，上午半天成交7444亿。午间收盘沪指平收，深成指跌0.28%，创业板跌0.44%。 ...

Core Points - The company announced a cash dividend of 0.9 yuan per share and a capital increase of 0.2 shares per share for the 2024 fiscal year [2][4] - The profit distribution and capital increase plan was approved at the annual shareholders' meeting held on April 16, 2025 [2][3] Distribution and Capital Increase Plan - The distribution year is for the 2024 fiscal year [3] - The distribution is applicable to all shareholders registered with the China Securities Depository and Clearing Corporation Limited Shanghai Branch as of the close of trading on the day before the equity registration date [3] - The total number of shares participating in the distribution is 174,035,024 shares after deducting 1,666,533 shares held in the company's repurchase account [4] Financial Details - The total cash dividend to be distributed amounts to 156,631,521.60 yuan (including tax) [4] - The total number of shares to be increased through capital reserves is 34,807,004 shares [4] - The reference price for ex-dividend trading is approximately 0.89146 yuan per share (including tax) [5] Implementation Method - Cash dividends will be distributed through the clearing system of the China Securities Depository and Clearing Corporation Limited [7] - Shareholders who have not completed designated trading will have their dividends held by the clearing company until they complete the necessary procedures [7] Taxation Information - Individual shareholders holding shares for over one year will not be subject to personal income tax on dividends, resulting in a net cash dividend of 0.9 yuan per share [8] - For shares held for less than one year, the tax will be calculated upon transfer of the shares [9] - The actual cash dividend for foreign institutional investors will be 0.81 yuan per share after a 10% withholding tax [10] Share Capital Structure - The company has not fully listed the strategic placement shares from its initial public offering [10] - After the share increase, the diluted earnings per share for the 2024 fiscal year is projected to be 0.95 yuan [10]

Core Viewpoint - The military industry sector in 2025 is experiencing significant short-term volatility with impressive gains, despite a modest overall annual increase of 3.5% as of mid-May, ranking 10th among 31 industries [1] Group 1: Index Funds - Index funds tracking the military sector have shown an average return of 4.34% this year, with notable performers including Penghua Defense ETF and Huabao Defense Military Industry ETF [3] - There is a clear differentiation within index funds, with some focusing on traditional military leaders while others target emerging sectors like low-altitude economy [3] - Investors need to choose index funds based on their strategic focus, opting for traditional military indices for rebounds or general aviation indices for low-altitude economic trends [3] Group 2: Active Funds - Active military funds have outperformed index funds, with an average return of 8.22%, highlighting the potential for higher gains through selective stock picking [4] - Notable active fund, Huaxia Military Security Mixed A, has achieved over 36% growth in six months by focusing on high-potential sectors like aerospace missiles and military trade [4] - The flexibility of active funds allows managers to invest in smaller military stocks and adjust strategies based on policy changes, enhancing their performance potential [4] Group 3: Market Outlook - The short-term market trend may continue until June, but there are risks of technical corrections; long-term benefits are expected from the "14th Five-Year Plan" and new trends like AI in military applications [5] - The military sector is characterized by high volatility and a significant retail investor presence, necessitating a cautious investment approach [5] - A recommended investment strategy involves a combination of core positions in index ETFs and satellite positions in active funds or niche ETFs for a balanced approach [5]

证券代码：688543 证券简称：国科军工 公告编号：2025-033 江西国科军工集团股份有限公司2024年年度权益分派实施公 告 本公司董事会及全体董事保证公告内容不存在任何虚假记载、误导性陈述或 者重大遗漏，并对其内容的真实性、准确性和完整性依法承担法律责任。 重要内容提示： ? 公司存在首发战略配售股份，首发战略配售股份未全部上市流通 每股转增0.2股 本次利润分配及转增股本方案经公司2025 年 4 月 16 日召开的2024年年度股 东大会审议通过。 二、 分配、转增股本方案 截至股权登记日下午上海证券交易所收市后，在中国证券登记结算有限责任 公司上海分公司（以下简称"中国结算上海分公司"）登记在册的本公司全体股东。 ? 相关日期 新增无限售条件流 股权登记日 除权（息）日 现金红利发放日 通股份上市日 一、 通过分配、转增股本方案的股东大会届次和日期 （1）差异化分红送转方案 本次利润分配公司以实施权益分派股权登记日的总股本扣减公司回购专用账 户中的股份为基数分配利润及资本公积转增股本，向全体股东按每股派发现金股 利 0.9 元（含税），同时进行资本公积转增股本，向全体股东每股转增 0.2 股。 ...

Group 1 - Recent developments in US-China trade relations have led to increased anxiety among American companies regarding tariff policies, prompting them to urgently contact Chinese suppliers for updates [1][4][6] - In June alone, $6.5 trillion of US national debt is set to mature, and Moody's has downgraded the US sovereign credit rating from "Aaa" to "Aa1," indicating a loss of top-tier credit status [1][13][18] Group 2 - The reliance of American manufacturing on Chinese supply chains is significant, with approximately 18% of imported goods coming from China, particularly in critical sectors like machinery, electronics, and chemicals [6][8][32] - The ongoing tariff fluctuations could severely impact US companies, leading to increased costs and potential production halts, which would destabilize the entire industry chain [9][11][30] Group 3 - Moody's downgrade of the US credit rating has caused global market fluctuations, with the 30-year US Treasury yield surpassing 5%, reflecting investor concerns about the sustainability of US fiscal policies [15][16][18] - The downgrade will increase the financing costs for the US government, with estimates suggesting that a 0.1% rise in interest rates on $6.5 trillion of maturing debt could result in an additional $6.5 billion in annual interest payments [18][21] Group 4 - The ability of the US to honor its trade commitments with China is under scrutiny, especially given the historical context of inconsistent trade policies and the current economic pressures [2][23][24] - The US's growing debt, which has surpassed $36 trillion, and its continued dependence on Chinese supply chains complicate its ability to navigate trade negotiations effectively [30][32]

Market Overview - A-shares experienced a volatile increase on May 21, with the Shanghai Composite Index rising by 0.21%, the Shenzhen Component Index by 0.44%, and the ChiNext Index by 0.83% [2] - The North Star 50 Index reached a new historical high, with a total of 1,615 stocks rising and 3,604 stocks declining [2][3] Stock Performance - Gold stocks saw a collective surge, with notable performers including Lai Shen Tong Ling, which hit the daily limit, and Xiao Cheng Technology, which rose over 10% [3] - Solid-state battery concept stocks exploded, with Jin Long Yu, Guo Xuan High-Tech, and Ling Pai Technology hitting the daily limit [5] - Pharmaceutical stocks remained active, with San Sheng Guo Jian, Shu Tai Shen, and Hai Chen Pharmaceutical also hitting the daily limit [6] Oil Market Dynamics - Brent crude oil prices surpassed $66 per barrel, while WTI crude oil saw a peak increase of 3.5% before retreating [8] - The oil market has been volatile due to fluctuating news regarding Iran and U.S. nuclear negotiations, with potential Israeli strikes on Iranian nuclear facilities causing price spikes [11][12] - If Israel were to strike, it could disrupt global oil supply, with estimates suggesting that such an action could increase oil prices by approximately $8 per barrel [14]

Group 1 - The core viewpoint of the news highlights the increasing global defense spending and the modernization of military capabilities, with specific reference to China's national security strategy and the recent military sales agreements between the U.S. and Saudi Arabia [1] - The release of the "New Era of China's National Security White Paper" emphasizes China's commitment to providing stability in a chaotic world and supporting its modernization efforts through a comprehensive national security approach [1] - The U.S. and Saudi Arabia have signed a military sales agreement valued at nearly $142 billion, indicating a trend of rising defense expenditures globally [1] Group 2 - The military industry sector is expected to experience significant growth driven by the "14th Five-Year Plan," the "Centenary Goals of the Army," and the push for domestic and controllable alternatives in military supplies [1] - The military ETF (512660) is the largest and most liquid ETF in the military sector, tracking the CSI Military Index, which includes major military-related companies in China [2] - The CSI Military Index reflects the overall performance of the military industry in the Chinese A-share market, covering various sectors such as aviation, aerospace, weaponry, and shipbuilding [2]

Core Viewpoint - The A-share market is experiencing a recovery after a technical adjustment around the 3400-point level, supported by recent monetary easing and trade negotiations [1][2] Market Outlook - The peak impact of the tariff events has passed, and the A-share market is expected to continue its recovery despite fluctuations. The extreme drop on April 7 was a one-time reaction to the "reciprocal tariffs" event, and the subsequent rebound in April reflects a correction of pessimistic sentiment. With the implementation of monetary easing and the first phase of trade negotiations, the market has entered a new phase of substantive recovery [2][3] Key Sectors - In May, attention should shift back to technology growth and innovative pharmaceuticals. The low valuation and high dividend sectors performed well in April, and the market style may switch back to technology growth in May. Anticipated catalysts include updates to AI large models and developments in robotics competitions. The semiconductor industry remains a key focus, particularly in domestic production, including semiconductor equipment and IC design [3][4] Market Review - The A-share market showed a gradual rebound with increased trading volume, and over 3800 stocks rose. Most of the 31 primary sectors experienced gains, particularly in growth-oriented industries such as beauty care, media, home appliances, and pharmaceuticals. In contrast, cyclical sectors like military, coal, real estate, and steel saw declines [4]

Group 1 - The military industry ETF (512660) saw a net inflow of over 150 million yuan, driven by geopolitical conflicts that stimulate equipment demand and attract capital attention [1] - Global geopolitical dynamics are evolving rapidly, with the Ukraine crisis, Middle East turmoil, and increased European defense budgets continuously driving military trade market demand [1] - China is playing an increasingly important role in the global military trade system through technological breakthroughs and market adaptability, with a total cooperation agreement value of approximately 285.6 billion yuan signed at the 2024 Zhuhai Airshow [1] Group 2 - Increased defense spending has become a necessity amid intensified great power competition, with domestic demand and foreign trade expected to drive high prosperity in the military industry, maintaining a long-term positive development trend [1] - Equipment exports are becoming a significant development direction for the industry, with foreign trade likely to open new growth avenues for the military sector [1] - The military industry ETF (512660) tracks the CSI Military Industry Index (399967), which includes securities from major military groups and representative military enterprises, covering sub-industries such as aviation, aerospace, armaments, and shipbuilding [1]