Group 1 - Huate Gas plans to reduce its shareholding by up to 2% through block trading from June 9, 2025, to September 8, 2025, totaling no more than 2.4 million shares [1] - Huazhong Co. reported April sales of 208,200 pigs, with a revenue of 375 million yuan, showing a month-on-month decrease of 4.28% [2] - Haizheng Biomaterials intends to reduce its shareholding by up to 1% starting from June 9, 2025, due to funding needs [3] Group 2 - Lisheng Sports plans to repurchase shares worth between 20 million and 40 million yuan for employee stock ownership plans [5] - Hongjing Technology signed a service contract worth 563 million yuan for a smart computing project, lasting five years [6] - Ugreen Technology aims to participate in the pre-restructuring of Zhongzhi Real Estate, targeting 100% equity acquisition [8] Group 3 - Jingquan Hua plans to reduce its shareholding by up to 1.67% starting from June 6, 2025 [9] - New Times plans to reduce its shareholding by up to 0.3% starting from June 6, 2025 [10] - Baofeng Energy intends to repurchase shares worth between 1 billion and 2 billion yuan, with a maximum price of 22.80 yuan per share [10] Group 4 - Yuanli Co. plans to reduce its shareholding by up to 3% starting from June 6, 2025 [14] - Huakai Yibai intends to reduce its shareholding by up to 3% starting from June 6, 2025 [15] - Guangshengtang's innovative hepatitis B drug GST-HG131 has completed Phase II clinical trials, showing significant efficacy [17] Group 5 - Electric Media plans to invest 115 million yuan in a cultural technology venture capital fund, which has a total expected scale of 2 billion yuan [21] - China Merchants Port reported a total of 17.059 million TEUs in April, a year-on-year increase of 6% [23] - Changguang Huaxin plans to reduce its shareholding by up to 2% starting from June 9, 2025 [25] Group 6 - Huace Film plans to reduce its shareholding by up to 1.11% starting from June 6, 2025, to reduce debt [26] - BeiGene's HHLR Fund reduced its shareholding from 6.03% to 4.89% after selling 16 million shares [27] - Heertai plans to reduce its shareholding by up to 2.05% starting from June 6, 2025 [28] Group 7 - Biyin Lefen's director plans to reduce his shareholding by up to 491,300 shares starting from June 6, 2025, due to personal funding needs [29]

Group 1: Haida Group - Haida Group has set short-term and medium-term goals for its feed business, targeting an increase of 3 million tons by 2025 and 51.5 million tons by 2030 [1] - The company emphasizes the importance of core technological capabilities, particularly in breeding technology, farming models, and feed technology [1] - The overseas strategy focuses on Southeast Asia, Africa, and South America, with capital expenditures aimed at overseas capacity construction and domestic equipment upgrades [1] - The company is exploring a light-asset, low-risk pig farming model and aims to maintain procurement advantages through technological research and development [1] - In aquaculture, factory-based shrimp farming will be a key focus, with plans for future expansion [1] - The company anticipates distributing 1.8 billion yuan in cash dividends for the fiscal year 2024 [1] Group 2: Jingsheng Technology - Jingsheng Technology experienced profit declines in Q4 2024 and Q1 2023 due to changes in product sales structure and reduced gross margins in the photovoltaic business [2] - The company is responding to these challenges by enhancing automation levels in control systems and advancing equipment upgrades [2] - Despite the profit decline, R&D expenses for 2024 are expected to increase by 16.39% compared to 2023, as the company views R&D investment as essential for enhancing core competitiveness [2] - The company aims to balance long-term investments with short-term benefits through cost optimization and efficiency improvements [2] - Jingsheng Technology plans to focus on top-tier enterprise clients in the silicon carbide industry to help them enhance market competitiveness while exploring other product demands [2] Group 3: Anji Technology - Anji Technology continues to invest in R&D in the fields of electroplating solutions and additives, with local production progressing smoothly in 2024 [3] - The company reports significant growth in functional wet electronic chemicals, particularly in post-etching and post-polishing cleaning solutions, with an increased proportion of advanced process products [3] - Anji Technology adheres to a globalization strategy, with ongoing collaboration projects with overseas clients [3] - The company expects an improvement in gross margins in 2024 due to product diversification and enhanced production efficiency [3] - In Q1 2025, revenue may not align with some clients' performance due to a broad business scope and low customer concentration, leading to cautious demand outlook in the second half of the year [3] - The company is strengthening its ability to supply core raw materials independently to enhance product stability and competitiveness [3]

每经记者｜赵李南 每经编辑｜陈俊杰 5月14日，天承科技（688603.SH，股价68.88元，市值57.83亿元）回复上交所年报问询函。 《每日经济新闻》记者注意到，截至去年末，天承科技"年产30000吨专项电子材料电子化学品项目"和"珠海研发中心建设项目"投入进度均为0。 天承科技回应称，由于公司尚未取得"珠海研发中心建设项目"实施所需的土地（使用权），导致两个项目的建设工作均未能如期启动。 回应两IPO募投项目进度为0 天承科技2024年年报披露，其IPO（首次公开募股）项目中的"年产30000吨专项电子材料电子化学品项目"和"珠海研发中心建设项目"投入进度均为0。 上交所要求天承科技分项目说明募投项目进展缓慢的具体原因，以及募集资金项目进展是否符合募集资金使用计划和募集资金使用制度的相关规定。 天承科技表示，公司基于"年产30000吨专项电子材料电子化学品项目"和"珠海研发中心建设项目"之间的高度关联性和协同性，决定在募投项目实施及推进 过程中实行"统一立项规划、同步深化设计、基础设施共享"的开发策略。 天承科技称，由于公司尚未取得"珠海研发中心建设项目"实施所需的土地（使用权），导致两个项目的建设工 ...

Core Viewpoint - The recent merger and acquisition activities in the Shenzhen Stock Exchange (SZSE) are being driven by policy support, capital empowerment, and industrial upgrades, leading to a significant increase in the number of disclosed projects and total transaction value since the introduction of the "Six Guidelines" by the China Securities Regulatory Commission (CSRC) [1][2]. Group 1: Merger and Acquisition Trends - The SZSE has seen a total of 767 disclosed merger and acquisition projects since the "Six Guidelines" were released, with a combined value of 2,940 billion yuan, including 89 major asset restructurings valued at 1,149 billion yuan [1]. - Companies are increasingly focusing on synergistic effects through mergers and acquisitions, enhancing industrial integration and improving supply chain layouts [2]. - Notable examples include State Power Investment Corporation's acquisition of 100% of China National Nuclear Power Co., which aims to consolidate nuclear power assets, and Beijing Huada Jiutian's acquisition of a leading EDA company to strengthen its position in the integrated circuit industry [2]. Group 2: Transformation and Upgrading - Many companies are pursuing cross-industry acquisitions to accelerate structural adjustments and technological innovations, such as Shandong Yanggu Huatai's acquisition of a company specializing in polyimide materials for semiconductor applications [3]. - Companies are also focusing on strengthening weak links in their supply chains by acquiring quality but unprofitable assets, as seen in Jingrui Electronic Materials' acquisition of a majority stake in a microelectronics materials company [3]. - Mergers and acquisitions are becoming a vital channel for companies planning to go public to achieve asset securitization, exemplified by China Nuclear Suval's acquisition of a nuclear instrument company that previously withdrew its IPO application [3]. Group 3: Regulatory Support and Efficiency - The CSRC is actively reforming the merger and acquisition environment to enhance efficiency, including simplifying review processes and allowing flexible payment methods for transactions [6][7]. - Since the implementation of the "Six Guidelines," two companies in the SZSE have utilized targeted convertible bonds to improve the flexibility and efficiency of their mergers and acquisitions [6]. - Future regulatory measures are expected to further support mergers and acquisitions for technology-driven companies, enhancing review efficiency and payment flexibility [7].

Core Viewpoint - 恒兴新材 is navigating a challenging market environment while focusing on growth opportunities in high-quality specialty chemicals and synthetic biology [1][2]. Group 1: Financial Performance - In 2024, 恒兴新材's overall product sales reached 65,000 tons, an increase of 30.15% year-on-year [1]. - The company's revenue surpassed 700 million yuan for the first time, marking a year-on-year growth of 13.37% [1]. - The net cash flow from operating activities was 36.3 million yuan, reflecting a year-on-year increase of 10.56% [1]. - The company's EBITDA reached 103 million yuan [1]. Group 2: Strategic Initiatives - In the first quarter of 2025, 恒兴新材 experienced significant growth in operating performance due to increased sales efforts and market expansion [2]. - The company has made strategic investments in the synthetic biology sector, partnering with 依诺基科 to leverage its technological advantages and enhance product offerings [2]. - The focus on green bio-manufacturing aims to meet market demands for environmentally friendly and health-oriented products [2]. Group 3: Agricultural Sector Focus - 恒兴新材 is committed to optimizing and upgrading its pesticide intermediates to support the performance and environmental standards of downstream agricultural producers [3]. - The company plans to explore new business models and opportunities by establishing strategic partnerships with pesticide formulation companies [3].

证券代码：002584 证券简称：西陇科学 西陇科学股份有限公司 2024 年度业绩说明会投资者活动记录表 编号：2025-001 | | □特定对象调研 □分析师会议 | | | --- | --- | --- | | 投资者关系 | □媒体采访 √业绩说明会 | | | 活动类别 | □新闻发布会 □路演活动 | | | | □现场参观 □电话会议 | | | | □其他： （请文字说明其他活动内容） | | | 参与单位名 称及人员姓 | 西陇科学2024年度业绩说明会采用网络远程方式进行，面向全体投资者 | | | 名 | | | | 时间 | 2025 年 5 月 13 日 15:00-17:00 | | | 地点 | 深圳证券交易所"互动易平台"http://irm.cninfo.com.cn"云访谈"栏目 | | | 公司接待人 | 董事长：黄少群 副总裁、董事会秘书：宗岩 | | | 员姓名 | 财务总监：张丽 | | | | 独立董事：吴守富 | | | | 1. 请问贵公司本期财务报告中，盈利表现如何？谢谢! | | | 投资者关系 活动主要内 | 答：您好，2024 年度公司实现归属于上 ...

本公司董事会及全体董事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： ● 江苏恒兴新材料科技股份有限公司（以下简称"公司"）于 2025 年 5 月 13 日（星期二）下午 13:00-14:00，通过上海证券交易所上证路演中心（网址： http://roadshow.sseinfo.com/）以网络互动方式召开了"江苏恒兴新材料科技股份有 限公司关于 2024 年度暨 2025 年第一季度业绩说明会"，就公司 2024 年度暨 2025 年第一季度经营成果、财务状况等与广大投资者进行了互动交流和沟通。 一、本次业绩说明会的召开情况 证券代码：603276 证券简称：恒兴新材 公告编号：2025-033 江苏恒兴新材料科技股份有限公司 关于 2024 年度暨 2025 年第一季度业绩说明会召开情 况的公告 公司于 2025 年 4 月 29 日通过上海证券交易所官网（http://www.sse.com.cn） 披露了《关于召开 2024 年度暨 2025 年第一季度业绩说明会的公告》 （公告编号： （ http://roadsho ...

证券研究报告|电子 [Table_Title] SW 电子 2024&2025Q1 业绩向好，AI 和自主 可控驱动增长 [Table_ReportType] ——电子行业跟踪报告[Table_ReportDate] [行业核心观点： Table_Summary] 2024 年，SW 电子行业实现营业收入 33,299.07 亿元，同比增长 16.90%； 毛利率为 15.47%，同比下滑 0.31pct，或主要受原材料成本压力影响； 整体期间费用率为 10.84%，同比下滑 0.77pct，体现出行业整体费用控 制有所优化；利润端，SW 电子行业 2024 年实现归母净利润 1292.96 亿 元，同比增长 43.07%，远大于同期营收增幅，体现行业盈利能力有所 改善。此外，2025Q1，SW 电子行业实现营收 8238.31 亿元，同比增长 17.98%，实现归母净利润 342.63 亿元，同比增长 29.58%；2025Q1 营 收、归母净利润均实现同比双位数增长，创下近三年 Q1 新高。 投资要点： ⚫ 半导体：2024 年板块整体业绩回暖，2025Q1 延续复苏态势。2025Q1 集 成电路制造、模 ...

[行业核心观点： Table_Summary] 2024 年，SW 电子行业实现营业收入 33,299.07 亿元，同比增长 16.90%； 毛利率为 15.47%，同比下滑 0.31pct，或主要受原材料成本压力影响； 整体期间费用率为 10.84%，同比下滑 0.77pct，体现出行业整体费用控 制有所优化；利润端，SW 电子行业 2024 年实现归母净利润 1292.96 亿 元，同比增长 43.07%，远大于同期营收增幅，体现行业盈利能力有所 改善。此外，2025Q1，SW 电子行业实现营收 8238.31 亿元，同比增长 17.98%，实现归母净利润 342.63 亿元，同比增长 29.58%；2025Q1 营 收、归母净利润均实现同比双位数增长，创下近三年 Q1 新高。 投资要点： 证券研究报告|电子 [Table_Title] SW 电子 2024&2025Q1 业绩向好，AI 和自主 可控驱动增长 [Table_ReportType] ——电子行业跟踪报告[Table_ReportDate] ⚫ 半导体：2024 年板块整体业绩回暖，2025Q1 延续复苏态势。2025Q1 集 成电路制造、模 ...