方红卫在调研中强调，外资企业是推动西安高质量发展的重要力量。各级党委政府和市级有关部门 要积极对接企业需求，统筹用好政策、平台、应用场景等资源，做好全方位、全链条服务保障，加快打 造市场化、法治化、国际化一流营商环境，让更多外资企业在西安舒心经营、安心发展。要进一步增强 开放意识，积极推进贸易和投资便利化，更大力度吸引和利用外资，坚决打好外贸拓展硬仗，不断提高 开放型经济水平，为西安高质量发展现代化建设提供有力支撑。 市委常委、市委秘书长和文全参加。 原文链接：方红卫在调研外资企业运营情况时强调 持续优化营商环境全力做好服务保障 加快塑造 开放型经济发展新动能新优势 6月10日，省委常委、市委书记方红卫到经开区调研外资企业运营情况时强调，要深入学习贯彻习 近平总书记关于对外开放的重要论述和历次来陕考察重要讲话重要指示精神，深化经济内外循环良性互 动机制改革，持续优化营商环境，全力做好服务保障，助力外资企业做大做强，加快塑造开放型经济发 展新动能新优势。 西安阿尔斯通永济电气设备有限公司是法国阿尔斯通集团全球产量最大的列车牵引电机生产基地。 方红卫深入生产车间，察看产线运行和产品展示，了解产品优势、市场销售等情 ...

海光曙光 20250610 摘要 海光与曙光合并，曙光以 10%溢价收购，参考市盈率估值，认为停牌前 市值 905 亿元被低估，合并后公司仍保持无实际控制人状态，并计划定 向募资用于交易税费等。 合并旨在发挥芯片、软件及系统一体化能力，打造国内第一梯队算力供 应商，并在 AI 芯片领域释放能力，顺应国产化浪潮，提升市场份额，降 本增效，增厚股东回报。 海光受益于 AMD 授权，收入和利润复合增速超 50%，核心增长动能来 自 CPU 和 DCU 芯片设计；曙光液冷技术领先，市占率超 60%，PUE 值低至 1.04，并参股海光信息，构建完整产业链。 合并后公司估值将更趋合理，海光在 CPU 领域保持高速增长，申威系列 芯片在国产化替代方面潜力巨大，公司在 AI 算力芯片领域处于国内第一 梯队。 国内 CPU 算力层面存在整合机会，X86 架构由兆芯、海光提供，ARM 架构由华为、长城提供，华为与飞腾已在底层架构上协同，GPU 领域多 家厂商积极参与产业链融合。 Q&A 海光和曙光合并方案的具体内容是什么？ 海光曙光合并后公司的估值如何变化？ 海光曙光合并后公司的整体估值将有所下降，更接近合理的估值水平。从未来 ...

Core Viewpoint - The performance of Guangzhou Yuansheng Information Technology Co., Ltd. (Yuansheng Information), a subsidiary of ST Xingguang, significantly underperformed its promised financial targets for 2024, leading to a cash compensation agreement with the performance guarantor, Tu Jing [1][2][3]. Group 1: Performance and Financials - Yuansheng Information achieved a main business revenue of only 297.93 million yuan and a net profit of 34.24 million yuan from October to December 2024, which is only 4.3% and 11.4% of the promised targets of 7000 million yuan and 300 million yuan respectively [2][3]. - The company had a registered capital of 20 million yuan and was established in December 2011, with Tu Jing as the controlling shareholder [2]. - In 2023, Yuansheng Information reported a revenue of 7011.89 million yuan but incurred a net loss of 2131.29 million yuan, indicating financial instability [4]. Group 2: Acquisition and Strategic Intent - ST Xingguang acquired a 51% stake in Yuansheng Information for 10 million yuan in August 2023, aiming to expand into the information security sector [2][4]. - The acquisition was part of a broader strategy to create new growth points, despite Yuansheng Information's financial difficulties and being in a state of insolvency as of May 2023 [4][5]. Group 3: Future Commitments and Management Actions - The controlling shareholder, Dai Junwei, has committed to ensuring that both Yuansheng Information and another subsidiary, Xingguang Quantum, achieve positive net profits by 2025, with a willingness to take over their shares if performance targets are not met [6].

汽车电池管理系统（ BMS ），俗称电池保姆或电池管理器，主要是对各个电池单元进行智能化管理和维护，防止电池过充过放， 延长电池的使用寿命，并把电池状态监测与电动汽车动力电池的电池管理系统结合起来，通过传感器对电池的电压、电流、温度进 行实时检测，以及进行漏液检测、热管理、电池均衡管理、报警提醒、剩余容量计算（ SOC ）、放电功率、报告剩余容量、电池 衰减状态（ SOH ）、 SOC ，根据电池的电压、电流和温度采用最大输出功率控制算法以达到最大续航里程，以及采用最佳电流算 法控制充电器进行充电，通过 CAN 总线接口与车载总控制器、电机控制器、能量控制系统、车载显示系统等进行实时通讯。 汽车电池管理系统全球市场总体规模 受全球电动汽车（纯电动汽车 (BEV) 和插电式混合动力汽车 (PHEV) ）日益普及的推动，汽车电池管理系统 (BMS) 市场有望在未来 几年实现显著增长。据 QYResearch 调研团队最新报告"全球汽车电池管理系统市场报告 2025-2031 "显示，预计 2031 年全球汽车电 池管理系统市场规模将达到 172.3 亿美元，未来几年年复合增长率 CAGR 为 17.9% 。 全球 ...

3、中办、国办印发重磅民生文件！完善基本医疗保险药品目录调整机制 盘前要闻 1、中美经贸磋商继续进行，人民日报：中美经贸关系优势互补、共生共赢 类型：宏观 情绪影响：正面 据央视新闻了解到，当地时间6月10日，中美经贸磋商机制首次会议将继续进行。人民日报发文指出， 中美经贸关系的真实图景是优势互补、共生共赢。只有拆除人为设置的"铁栅栏"，畅通经贸合作的"双 向道"，才能推动中美经贸关系稳定健康发展。 2、人民日报对话任正非：中国人工智能有很多优势，芯片问题没必要担心 类型：行业 情绪影响：正面 任正非谈及昇腾芯片时表示，美国是夸大了华为的成绩，华为还没有这么厉害；软件是卡不住脖子的， 那是数学的图形符号、代码，一些尖端的算子、算法垒起来的，没有阻拦索；人工智能发展要经历数十 年、数百年。不要担心，中国也有很多优势。 类型：宏观 情绪影响：正面 中办、国办发文提出，推进优质医疗卫生资源共享。完善基本医疗保险药品目录调整机制，制定出台商 业健康保险创新药品目录。有券商医药行业的研究员点评称，从文件来看，涉及医药和医疗的部分比较 多，对于医药未来的发展存在较大的助力。 4、一文速览苹果WWDC：系统视觉风格大升级， ...

Core Insights - The 2025 Shanghai International Air Environment and Purification Technology Exhibition showcased Green Island Wind's comprehensive fresh air systems, highlighting its leadership in the industry [1] - Green Island Wind, established in 1992 and listed on the Shenzhen Stock Exchange in 2021, is recognized as the "first stock in fresh air" [1] Group 1: Product Offerings and Innovations - Green Island Wind presented a range of new products including fresh air systems, exhaust fans, air curtains, and dehumidifiers, receiving high praise for their performance, efficiency, and intelligent operation [1] - The company emphasizes a strategy of "defining products by scenarios," offering customized ventilation system designs and services tailored to the specific needs of hotels, restaurants, and cafes [2] - Continuous innovation is a priority for Green Island Wind, focusing on energy-saving, environmentally friendly, and efficient product development through independent research and collaboration with academic institutions [2] Group 2: Market Trends and Business Strategy - The recovery of end consumers in the hotel, tea, and coffee shop sectors has positively impacted the company, offsetting the negative effects of the real estate downturn [2] - Green Island Wind is accelerating its service-oriented transformation, leveraging a nationwide network of distributors and digital technology to create a unique cloud service model for customized solutions [2]

IPO Review and Registration Progress - Three IPO applications were accepted last week, including Senhe High-Tech aiming for the Beijing Stock Exchange to raise 490 million yuan, Yisiwei targeting the Sci-Tech Innovation Board with a planned raise of 1.214 billion yuan, and Zhixin Co. applying for an IPO on the Shanghai Main Board with a target of 1.329 billion yuan [2][3] - Senhe High-Tech specializes in the R&D, production, and sales of environmentally friendly precious metal mining agents, with sales revenue from these agents accounting for over 95% of its main business income during the reporting period [2] - Yisiwei focuses on automotive manufacturing machine vision equipment, holding the largest market shares in China’s automotive manufacturing and complete vehicle manufacturing machine vision markets at 13.7% and 22.5% respectively [3] - Zhixin Co. develops and produces automotive welding parts and related molds, with over 70% of its revenue coming from its top five customers [3] Recent IPO Approvals and Upcoming Listings - Huaxin Precision passed its IPO review on June 6, focusing on precision stamping products, with a projected revenue of 1.421 billion yuan in 2024, a 19.49% increase year-on-year [4] - Three companies are set to undergo IPO reviews this week, including Sanxie Electric, which reported steady revenue growth from 287 million yuan in 2022 to 420 million yuan in 2024 [4][5] - United Power, a subsidiary of Huichuan Technology, achieved a revenue of 16.178 billion yuan in 2024, a 72.74% increase, with over 85% of its revenue derived from electric drive systems [5] - Daoshengtianhe, a wind power industry chain company, reported a revenue of 3.238 billion yuan in 2024, a slight increase of 1.13% [6] New Stock Listings and Subscription Dynamics - Two new stocks were listed last week, Zhongce Rubber and Youyou Green Energy, with the latter seeing a significant first-day increase of 68.64% [9][10] - This week, Jiao Da Tie Fa is scheduled to be listed on June 10, with a projected revenue of 335 million yuan in 2024 [10] - Two new stocks are set for subscription this week, including Huazhi Jie and New Henghui, with planned fundraising of approximately 486 million yuan and 519 million yuan respectively [11] Policy and Regulatory Developments - The China Securities Regulatory Commission (CSRC) announced plans to support high-quality unprofitable technology companies in going public, emphasizing the importance of information disclosure and market intermediary verification [12] - The China Listed Companies Association released guidelines for audit committees to enhance compliance and governance among listed companies [13]

2025年6月6日，鸿蒙版微信迎来1.0.7.35版本更新。《中国经营报》记者注意到，从今年1月份正式上线 鸿蒙操作系统应用市场后，已持续迭代多个版本，相较于此前的版本，此次微信更新了多个用户呼声较 高的实用功能，例如联系人管理、聊天体验优化、内容分享与支付便捷性等，进一步完善用户日常使用 场景。据统计，鸿蒙版微信安装量已超510万。 从可用到好用易用 作为一款"国民级"的应用，鸿蒙版微信从鸿蒙5正式发布以来，其更新一直备受关注。 实际上，鸿蒙5正式开启公测前，微信便开始开发并尝试适配鸿蒙。早在2022年，鸿蒙系统开发者大会 上，华为终端BG董事长余承东就曾透露"微信团队已开始研究鸿蒙适配"。 今年1月9日，在吸收大量用户反馈并历经多轮debug（排除故障）后，鸿蒙版微信正式版本上线，支持 基础通讯、支付、小程序等核心功能。3月到5月，鸿蒙版微信又陆续新增存储空间管理、消息撤回编 辑、关怀模式、群聊保存、聊天背景、星标好友、人脸/指纹支付测试、零钱通换基金、面对面建群等 实用功能，不断缩小与安卓、iOS版本的功能差距。尤其是在4月份，鸿蒙版微信实现一月三大更。 在前期持续迭代的基础上，此次1.0.7.35版本 ...

本周(6月2日—6月6日)资金情绪持续回暖，A股市场连日上涨，上证指数全周上涨1.13%，收于3385.36 点；深证成指涨1.42%，创业板指上涨2.32%。 盘面上，本周申万一级行业均实现上涨，其中通信以5.7%的涨幅领涨各行业，有色金属、轻工制造、 电子、计算机等行业涨幅居前，交通运输、钢铁、汽车等行业涨幅相对较小。主题题材上，光模块 (CPO)、光通信、稀土、数字货币等行业表现活跃。 本周机构调研公司数量仍在百家以上，截至6月6日18时，共有141家上市公司披露机构调研纪要。在赚 钱效应方面，本周超七成机构调研公司股价实现正收益，金陵体育（300651）以88.24%的涨幅领先， 联化科技（002250）股价累计上涨39.13%，超捷股份（301005）、乐惠国际（603076）、瑞晟智能股 价均涨超20%，盛达资源（000603）、楚天龙（003040）等公司周内实现首板。 从热门调研标的来看，百利天恒、中科创达（300496）周内接受百家以上机构调研，中旗新材 （001212）、福莱新材（605488）、燕京啤酒（000729）、宇信科技（300674）、海创药业-U等5家公 司获得超50家机构关 ...

2025 年 06 月 05 日 行业日报 看好/维持 机械 机械 太平洋机械日报（20250605）：开普勒机器人再获新融资 ◼ 走势比较 (20%) (8%) 4% 16% 28% 40% 24/6/5 24/8/17 24/10/29 25/1/10 25/3/24 25/6/5 机械 沪深300 ◼ 子行业评级 相关研究报告 << 太平洋机械日报（20250603）：北 京人形机器人创新中心增资至 4.6 亿>>--2025-06-04 <<太平洋机械日报（20250527）：2025 第九届世界无人机大会闭幕>>-- 2025-05-28 证券分析师：崔文娟 电话：021-58502206 E-MAIL：cuiwj@tpyzq.com 分析师登记编号：S1190520020001 证券分析师：刘国清 电话：021-61372597 E-MAIL：liugq@tpyzq.com 分析师登记编号：S1190517040001 证券分析师：张凤琳 电话： E-MAIL：zhangfl@tpyzq.com 分析师登记编号：S1190523100001 [Table_Summary] 报告摘要 市场表现： 2 ...