文/纸不语 福建省国资委更是大手笔收购了合力泰。2018年10月8日，合力泰发布公告称，公司控股股东及实际控制人文开福与福建省电子信息（集团）有限责 任公司签订了股份转让协议。根据协议，文开福及其确定的公司股东将持有的4.69亿股（占总股本15%）转让给电子信息集团。其中，文开福本人转 让1.54亿股（占比4.93%），其他股东转让3.15亿股（占比10.07%）。 24家"国资收民营"、13家"国资收国资"，6家无实控人变更为国资——这是2024年国资的"揽A成绩单"，其中绝大部分都是地方国资出手。 近年来，地方国资入主上市公司热情高涨，股权协议转让、表决权委托、重整和拍卖等多元路径并进。仅在2018年，就有50家民营上市公司宣布获得 国有资本入股接盘。其中，福建省国资委对合力泰的收购尤其引人注目，预计收购金额高达32亿元。特别是收购价格方面，相较于停牌前的收盘价， 收购溢价约22%。 据"投实APP"对A股国资上市公司名单的梳理，珠海国资在地方国资中表现亮眼，是收购上市公司控制权数量最多的国资之一。其旗下拥有18家上市 公司，其中13家是从2020年起通过收购收入囊中的。 经历了纾困并购、杠杆并购等模式之 ...

5月CPI通胀-0.1%，持平于前值，高于市场预期（-0.2%）；PPI通胀-3.3%，低于前值（-2.7%）与市场预期 （-3.2%）。 一、CPI通胀：能源拖累，核心支撑 5月CPI通胀同比-0.1%，环比为-0.2%。从分项看，能源通胀拖累增大，核心CPI通胀小幅上行形成支撑。 图1：能源对CPI通胀的拖累加大 资 料 来 源 ： M a c r o b o n d ， 招 商 银 行 研 究 院 食品价格温和下跌。 食品价格环比下跌0.2%，跌幅小于过去5年同期（1.4%），同比降幅走阔0.2pct至0.4%。 一方面，部分食品价格季节性转跌，上市量增加导致鲜菜价格环比下行5.9%，需求平淡使猪肉、蛋类、奶类 价格低位下行；另一方面，因供给受扰动、部分食品价格逆势上涨，包括鲜果价格因部分地区暴雨天气阻碍生 产运输而环比上涨3.3%，关税持续影响牛肉进口导致价格环比上涨1.3pct、同比接近回正（-0.1%）。 能源方 面， 国际油价下跌带动国内成品油价再度下调，叠加今年以来共下调4次的累计影响，交通工具用燃料价格环 比下跌3.7%，同比降幅扩大2.7pct至12.9%。 图2：食品价格温和下跌 资 料 ...

Core Viewpoint - Chengdu Xuguang Electronics Co., Ltd. experienced a significant stock price fluctuation, with a cumulative closing price increase of 20% over two consecutive trading days, triggering an abnormal trading alert [1][2]. Group 1: Stock Trading Abnormality - The company's stock price increased by a cumulative 20% on June 9 and June 10, 2025, which is classified as abnormal trading according to the Shanghai Stock Exchange regulations [2][3]. - The company's current production and operational status is normal, with no significant changes in market conditions or industry policies [2][3]. Group 2: Major Events and Confirmations - The company confirmed through inquiries with major shareholders that there are no undisclosed significant matters related to asset restructuring, share issuance, or other major transactions [2][3]. - The company has not identified any media reports or market rumors that could significantly impact its stock price [3]. Group 3: Product and Revenue Impact - The company is focusing on the "controlled nuclear fusion" concept, with its self-developed high-power electronic tubes being used in RF power supply devices for nuclear fusion, although this product accounted for less than 1% of the company's main business revenue in 2024 [1][3]. - The company urges investors to exercise caution and be aware of investment risks related to this emerging technology [1][3]. Group 4: Financial Metrics - As of June 9, 2025, the company's price-to-earnings (P/E) ratio is 83.8, which is higher than the industry average of 62.15, indicating a premium valuation [2][3]. - The company's price-to-book (P/B) ratio stands at 4.87, compared to the industry average of 3.36, further highlighting its elevated market valuation [3].

文 | 赵伟、屠强 联系人 | 屠强、 耿佩璇 摘要 事件： 6月9日，国家统计局公布5月通胀数据，CPI同比-0.1%、前值-0.1%、预期-0.2%、环比-0.2%；PPI 同比-3.3%、前值-2.7%、预期-3.2%、环比-0.4%。 核心观点：消费需求改善令核心CPI企稳，但供给侧对通胀读数有较大压制。 特征一：核心商品PPI明显回弹，主因需求改善，且关税对价格的冲击尚未进一步加剧。 5月核心商品 PPI同比回升0.3pct至-1.4%，一是提振消费政策效果持续显现，部分消费品需求释放带动相关行业价格回 升；二是关税对价格的冲击趋于缓和，部分出口行业价格的回落幅度并未加大。具体行业看，制鞋业价 格上涨0.8%，计算机整机制造价格上涨0.2%，家用洗衣机、电视机制造、汽车整车制造价格降幅比上月 分别收窄1.6、1.4、0.6pct。 而5月PPI跌破-3%，更多反映大宗商品价格的拖累。 5月PPI同比较前月回落0.6pct至-3.3%。其中国际油 价下行拖累国内油价，测算油价拖累PPI环比-0.1%。同时地产、基建投资走弱，煤炭供应充足，钢、煤 价格也有回落，测算钢、煤价拖累PPI环比-0.3%。而铜 ...

证券代码：603267 证券简称：鸿远电子 公告编号：临2025-026 北京元六鸿远电子科技股份有限公司 关于控股股东、实际控制人减持股份计划公告 本公司董事会、全体董事及相关股东保证本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、准确性和完整性承担法律责任。 重要内容提示： ● 控股股东、实际控制人持股的基本情况 截至本公告日，北京元六鸿远电子科技股份有限公司（以下简称"公司"或"鸿远电子"）控股股东、实际 控制人、董事长郑红先生持有公司股份66,545,460股，占公司总股本的28.7975%；公司控股股东、实际 控制人、副董事长郑小丹女士持有公司股份7,290,284股，占公司总股本的3.1549%。 ● 减持计划的主要内容 因自身资金需求，郑红先生拟通过集中竞价交易或大宗交易方式合计减持公司股份不超过1,300,000股， 即不超过公司总股本的0.5626%；郑小丹女士拟通过集中竞价交易或大宗交易方式合计减持公司股份不 超过1,000,000股，即不超过公司总股本的0.4327%。前述股东减持期间为自本公告披露之日起15个交易 日后的3个月内（根据中国证监会及上海证券交易 ...

国家统计局6月9日公布的最新数据显示，5月，居民消费价格指数（CPI）环比下降0.2%，同比下降 0.1%；工业生产者出厂价格指数（PPI）环比下降0.4%，降幅与上月相同，同比下降3.3%，降幅比上月 扩大0.6个百分点。 展望后市国内物价走势，温彬认为，物价中枢大概率上行。下一阶段，CPI将呈现低位温和回升态势， 其中食品价格总体有望保持平稳，能源方面油价或触底回升。核心通胀方面，一系列增量政策与存量政 策显效，推动供需结构持续改善，对相关行业价格起到支撑作用，暑期出行需求增加亦将带动服务价格 上涨。PPI也有望边际改善，但走出负区间仍需时日。从国际宏观来看，关税风险阶段性缓和，对市场 风险偏好及商品需求预期起到了较好的改善作用，有助于全球大宗商品价格修复。从国内来看，外贸企 业"抢出口"对原材料和产成品价格形成了一定支撑。 国家统计局城市司首席统计师董莉娟解读数据时表示，我国以更大力度和更精准措施提振消费，新质生 产力成长壮大，部分领域供需关系有所改善，价格呈现积极变化。 李彦森建议，未来需重点关注三个方面：一是输入性压力是否延续，甚至进一步加剧；二是内需尤其是 地产需求能否进一步恢复，对原材料产生边际 ...

Group 1: Companies Filing for IPO - Four companies submitted IPO applications: Hansai Aitai, Xipuni, Weilizhibo, and Woan Robotics [2][4][6] - Hansai Aitai focuses on innovative biopharmaceuticals with no commercialized products yet, reporting losses of approximately RMB 85 million and RMB 117 million for 2023 and 2024 respectively [2] - Xipuni specializes in precious metal watch design and manufacturing, with projected revenues of approximately RMB 324 million, RMB 445 million, and RMB 457 million from 2022 to 2024 [3] - Weilizhibo is a clinical-stage biotech company with a diverse product pipeline, reporting net losses of RMB 362 million, RMB 301 million, and RMB 75 million for 2023, 2024, and the first three months of 2025 respectively [5] - Woan Robotics is a leading AI home robotics provider, with revenues of RMB 275 million, RMB 457 million, and RMB 610 million from 2022 to 2024 [6] Group 2: Companies Passing Hearing - Three companies passed the IPO hearing: Zhouliufu, Sanhua Intelligent Control, and Baize Medical [7][10] - Zhouliufu, a jewelry company, reported revenues of approximately RMB 3.102 billion, RMB 5.150 billion, and RMB 5.718 billion from 2022 to 2024, with a market share of 6.2% in gold jewelry [8] - Sanhua Intelligent Control is a leading manufacturer in refrigeration and automotive thermal management, with revenues of approximately RMB 21.348 billion, RMB 24.558 billion, and RMB 27.947 billion from 2022 to 2024 [9] - Baize Medical operates hospitals focused on oncology services, reporting revenues of RMB 803 million, RMB 1.072 billion, and RMB 1.189 billion from 2022 to 2024 [10] Group 3: Companies Initiating Subscription - Three companies initiated their subscription: Xinqian, Rongda Technology, and METALIGHT [11][13] - Xinqian plans to issue 10.5854 million H-shares with a price range of HKD 18.9-20.9, expecting to list on June 10, 2025 [11] - Rongda Technology aims to issue 18.4 million H-shares with a price range of HKD 10.00-12.00, also expecting to list on June 10, 2025 [12] - METALIGHT plans to issue 24.856 million H-shares at HKD 9.75, with the same listing date [13] Group 4: Market Trends and Insights - There is a significant increase in foreign cornerstone investors in Hong Kong IPOs, with 15 out of 27 companies this year attracting foreign investment [15] - The market for newly listed stocks is active, with 43 out of 74 new stocks trading above their issue price, indicating strong potential [17] - New consumer companies are seeing stock prices reach new highs, with notable increases in share prices for companies like Mixue and Gu Ming [18]

Group 1 - The overall consumer price index (CPI) showed a slight decline in May, with a month-on-month decrease of 0.2% and a year-on-year decrease of 0.1%, influenced by seasonal factors and falling oil prices [1][2] - Core CPI, excluding food and energy, increased by 0.6% year-on-year, indicating a strengthening demand in certain sectors, supported by holiday consumption and a recovery in travel services [2][3] - Energy prices fell by 1.7% month-on-month, contributing significantly to the overall CPI decline, with a year-on-year decrease of 6.1% [1][2] Group 2 - Food prices decreased by 0.2% month-on-month, with fresh vegetable prices dropping by 5.9%, while some fresh fruits and fish saw price increases due to supply constraints [2][3] - The producer price index (PPI) decreased by 0.4% month-on-month and 3.3% year-on-year, but some sectors showed positive price trends, particularly in consumer goods [3][4] - Prices in high-tech industries, such as integrated circuits and wearable devices, increased year-on-year, reflecting a shift towards high-end, intelligent, and green production [4][5] Group 3 - The demand for high-tech products is growing, leading to price increases in related industries, while the prices in the solar and lithium battery sectors showed a narrowing decline [5] - The positive impact of macroeconomic policies is expected to further stimulate domestic demand and promote reasonable price recovery in the future [5]

核心CPI总体呈现稳中有升态势，反映出宏观政策效果显现，国内需求扩大对价格拉动作用增强。 受能源价格下降等因素影响，5月CPI同比和环比均出现下降。 国家统计局6月9日发布的数据显示，5月份居民消费价格指数（CPI）环比下降0.2%，同比下降0.1%。 工业生产者出厂价格指数（PPI）环比下降0.4%，降幅与上月相同，同比下降3.3%，降幅比上月扩大0.6 个百分点。 国家统计局城市司首席统计师董莉娟表示，5月份扣除食品和能源价格的核心CPI同比上涨0.6%，涨幅 比上月扩大0.1个百分点。我国以更大力度和更精准措施提振消费，新质生产力成长壮大，部分领域供 需关系有所改善，价格呈现积极变化。 机构分析，受季节性因素影响，5月蔬菜价格走低，加之上年同期基数偏高，当月蔬菜价格同比降幅有 所扩大。此外，5月鸡蛋价格同比降幅也在扩大。上述因素会抵消当月水果价格上涨带来的影响，推动5 月食品CPI同比降幅扩大，这也在一定程度上拖累了CPI。 浙商证券首席经济学家李超表示，居民部门的消费需求仍处于修复的关键节点，随着增量逆周期政策发 力和消费需求的渐次改善，并考虑经济运行距离潜在增速尚有一段距离，在产出缺口逐步弥合的过程 ...

5月份，居民消费价格指数(CPI)环比下降0.2%，同比下降0.1%，扣除食品和能源价格的核心CPI同比上 涨0.6%，涨幅比上月扩大0.1个百分点。工业生产者出厂价格指数(PPI)环比下降0.4%，降幅与上月相 同，同比下降3.3%，降幅比上月扩大0.6个百分点。我国以更大力度和更精准措施提振消费，新质生产 力成长壮大，部分领域供需关系有所改善，价格呈现积极变化。 2025年5月份CPI略有下降 核心CPI同比涨幅扩大 ——国家统计局城市司首席统计师董莉娟解读2025年5月份CPI和PPI数据 一、CPI略有下降，核心CPI同比涨幅扩大 CPI环比由涨转降主要受能源价格下降影响。能源价格环比下降1.7%，影响CPI环比下降约0.13个百分 点，占CPI总降幅近七成。其中，汽油价格下降3.8%，降幅比上月扩大1.8个百分点。食品价格下降 0.2%，降幅小于季节性水平1.1个百分点，影响CPI环比下降约0.04个百分点。其中，应季蔬菜上市量增 加，鲜菜价格下降5.9%；鸡蛋、猪肉和禽肉类价格稳中略降，降幅在0.3%—1.0%之间；受部分地区暴 雨天气、伏季休渔期等因素影响，鲜果、淡水鱼和海水鱼供应有所减少，价格 ...