一、并购 1、纳微科技：投资1576.92万元取得纳信科技51.25%股权。 5、三联锻造：设立机器人及航空部件研究院分公司。 6、金杨股份：投资不超9000万美元建设马来西亚锂电池精密结构件项目。 7、中毅达：公司生产产能保持稳定，近期无新建计划。 二、回购、增持 1、古越龙山：拟2亿元-3亿元回购。 2、凯撒旅业：控股股东拟0.7亿元-1.1亿元增持。 三、对外投资，日常经营 1、星网宇达：公司与吉林省仿生机器人创新中心签署战略合作协议。 2、中国平安：计划发行不超过500亿元人民币的境内债券融资工具。 3、纽威数控：拟投资8.5亿元建设五期高端智能数控装备项目。 4、元利科技：拟投资7.6亿元建设年产25000吨受阻胺类光稳定剂项目。 1、恒玄科技：2024年净利润4.60亿，同比增长272% 拟每10股派发12元并转增4股。 四、业绩变动 2、中微公司：一季度净利润3.13亿元 同比增长25.67%；公司针对先进逻辑和存储器件制造中关键刻蚀 工艺的高端产品新增付运量显著提升，六种薄膜设备已顺利进入市场。 3、惠而浦：一季度净利润1.16亿元，同比增长1029%；主要系外销订单增加。 4、甘李药业：一季 ...

Group 1: Consumer Goods - The core consumer goods include electric tools, hand tools, and lawn mowers, primarily targeting high-end markets in Europe and the US [3] - In March 2025, US retail sales increased by 1.4%, surpassing market expectations of 1.3%, with core retail sales rising by 0.5% [3] - The increase in March retail data is attributed to preemptive consumer purchasing ahead of tariff impositions, which may lead to a decline in future retail performance due to demand being pulled forward [3] - Consumer confidence in the US fell by 6.2 percentage points to 50.8 in April, the lowest level since July 2022, indicating potential pressure on future retail data [3] Group 2: Capital Goods - The export characteristics of industrial sewing machines show Asia as the largest market, accounting for 68% of export value in 2024, with key countries including Turkey, Vietnam, and Singapore [5] - Forklift exports are primarily directed towards Asia and Europe, with respective export value shares of 30% and 34% in 2024 [5] - Machine tool exports are predominantly to Asia, maintaining around 50% of export value from 2019 to 2024, with notable fluctuations in exports to Russia [5] - Mining machinery exports are led by Asia, Africa, and Europe, with cumulative export value shares of 41%, 22%, and 20% respectively in the first quarter of 2025 [5] Group 3: Engineering Machinery - Cumulative export value of engineering machinery grew by 10% year-on-year in the first quarter of 2025, with Africa showing the highest growth rate at 128% [6] - The cumulative export value to Asia accounted for 43% of total exports, while exports to Africa increased significantly, raising its share to 19% [6] - In March 2025, the export growth rates for major engineering machinery categories were 6% for general machinery, 14% for excavators, 21% for tractors, and 24% for mining machinery [9] - Cumulative growth rates for these categories in the first quarter of 2025 were 10% for general machinery, 22% for excavators, 31% for tractors, and 18% for mining machinery [9]

点击注册小程序 查看完整报告 特别申明： 本订阅号中所涉及的证券研究信息由光大证券研究所编写，仅面向光大证券专业投资者客户，用作新媒体形势下研究 信息和研究观点的沟通交流。非光大证券专业投资者客户，请勿订阅、接收或使用本订阅号中的任何信息。本订阅号 难以设置访问权限，若给您造成不便，敬请谅解。光大证券研究所不会因关注、收到或阅读本订阅号推送内容而视相 关人员为光大证券的客户。 报告摘要 消费品： 产品特性： 消费品中电动工具、手动工具、割草机以欧美高端消费为主。 一方面，根据光大证券研究所宏观组， 2025年 3 月美国零售销售环比为 + 1.4 % ， 高于 市场预期的 + 1.3 % ，较前值 +0.2%明显回升 ；核心零售销售（不含汽车和汽油）环比为 +0. 5 % ，同样 高于 预期的 +0. 3 % ，前值由 +0.3 %修正至 +0.7 % 。 3 月零售数据 高于 市场预期， 环比 增速大幅上行，或与关税扰动有 关。 4月初特朗 普大规模关税落地，为规避涨价风险， 3 月美国消费者进行大量采购，关税扰动导 致美国 消费前置，但 3 月美国消费者的提前采购行为，将会透支未来的消费需求，后续零售数据 ...

Core Viewpoint - The Jinbei Industrial Park in Lin'an is experiencing significant growth and development, with multiple companies, including Hongsheng Machinery, expanding their operations and production capacity, contributing to the local economy and industrial output [3][4]. Group 1: Company Developments - Hongsheng Machinery has upgraded its production line with intelligent automation, increasing its annual output from 100,000 to an expected 150,000 units in 2023 [3]. - The Jinbei Industrial Park hosts seven other companies in emerging industries such as new energy and high-end equipment, indicating a trend towards diversification and modernization [3]. - The C block of the industrial park is under construction with seven projects, six of which are nearing completion, expected to add approximately 3.5 billion yuan in output value [3][4]. Group 2: Economic Growth - In the first quarter of 2023, Jinbei Street achieved a fixed asset investment of 308 million yuan, a year-on-year increase of 32.2%, and manufacturing investment of 143 million yuan, exceeding the quarterly target by 10 percentage points [4]. - The Jinbei Street is focused on high-quality economic development, aiming to complete over 700 million yuan in fixed asset investments and attract nine manufacturing projects, including six worth over 100 million yuan [6]. Group 3: Strategic Initiatives - Jinbei Street is implementing a "full life cycle" service approach to enhance the business environment, facilitating project construction and production through measures like phased land delivery and on-site coordination [5][6]. - The local government is actively promoting economic stability and quality improvement by focusing on key economic indicators and investment attraction [6].

在各地持续释放吸引外资的强烈信号之际，位于长三角区域的江苏太仓，正以"德企之乡"IP演绎着稳外资的鲜活样本。2024年，太仓完成实际使用外资4.74亿美 元，博泽汽车等16家外企利润再投资2.02亿美元，占太仓实际使用外资的42.6%，同比增长112.8%。 2023年年初，证券时报记者曾实地探访太仓，探究其成为"德企之乡"的内在动因与发展趋势。时隔两年，记者近日再次走进太仓，调研这座江南小城的德企投资动 态，剖析其为稳外资提供的县域发展样本。 集聚效应催生投资加速度 "太仓最近两年每年新引进的德企约30家。"中德（太仓）中小企业合作示范区管理办公室主任段月强接受证券时报记者采访时透露。目前，太仓集聚的德企超过550 家，总投资超60亿美元，年工业产值超670亿元，"隐形冠军"企业有60多家。 伯曼太仓公司2024年年初注册成立，这是在太仓落户的第500家德企。仅一年多的时间，伯曼太仓项目已从效果图变成了实体工厂建筑。伯曼亚洲&中国首席财务 官、太仓项目负责人黄晓桦接受证券时报记者采访时表示，太仓生产基地目前正处于全面开工建设阶段，预计6月份将竣工验收。 投资1亿欧元新建的伯曼太仓输送分拣设备及输送带项目，占 ...

4月以来，宁德时代、美的集团、五粮液、立讯精密、京东方A、潍柴动力等一批深市龙头企业先后抛 出回购增持方案，展现对公司未来发展的信心和对公司价值的认可。 具体来看，4月7日，宁德时代继2024年10月30日完成前次27.1亿元的回购计划之后，再次推出回购公司 股份方案，基于对公司未来发展的信心和对公司价值的认可，为增强投资者对公司的投资信心，同时为 进一步健全公司长效激励机制，充分调动员工的积极性，有效地将股东利益、公司利益和员工个人利益 紧密结合在一起，公司拟以40亿至80亿元回购公司股份，用于实施股权激励计划或员工持股计划。 股份回购在优化公司资本结构、维护公司投资价值、健全投资者回购机制等方面发挥着重要作用，股份 增持彰显股东对公司投资价值的认可。一直以来，深市公司、股东积极开展回购增持，持续向市场传达 积极信号，提升股东回报水平。 4月以来深市掀起了新一轮的回购增持热潮。数据显示，其间，深市600家公司披露回购增持公告，其 中，回购计划106家，拟回购金额202亿至366亿元；回购进展426家；增持计划27家，拟增持金额为67亿 至97亿元；增持进展41家。 头部公司领衔 4月8日，美的集团继2025 ...

Core Viewpoint - Xinlei Co., Ltd. reported a significant increase in net profit for Q1 2025 despite a decline in revenue, indicating strong operational efficiency and successful management of relocation impacts [1] Financial Performance - The company's Q1 2025 revenue was 128 million yuan, representing a year-on-year decrease of 22.78% [1] - Net profit reached 394 million yuan, showing a remarkable year-on-year growth of 3015.05% [1] - Basic earnings per share were reported at 2.5 yuan [1]

Core Viewpoint - The meeting between China's Vice Minister of Commerce and the Czech Deputy Minister of Industry and Trade emphasizes the commitment to enhance bilateral trade relations and cooperation in various sectors, including green, digital, and smart manufacturing [1] Group 1: Bilateral Trade Relations - China expresses willingness to expand imports of advantageous Czech products [1] - The Czech Republic values the development of economic and trade relations with China, particularly in traditional sectors like machinery manufacturing and machine tool processing [1] Group 2: Cooperation and Multilateral Trade - Both parties aim to strengthen dialogue and expand cooperation lists to jointly uphold a rules-based multilateral trading system, opposing protectionism and unilateralism [1] - The Czech Republic supports free trade and advocates for the maintenance of the multilateral trading system, indicating a desire for stable development of China-Europe economic relations [1]

登录新浪财经APP 搜索【信披】查看更多考评等级 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、准确性和完整性依法承担法律责任。 重要内容提示： ● 回购股份期限：自董事会审议通过回购方案之日起12个月内。 ● 相关股东是否存在减持计划：截至公告披露日，公司董事、监事、高级管理人员、控股股东、实际控 制人及一致行动人、持股5%以上股东在未来三个月、未来六个月内暂无减持计划。若未来前述主体提 出减持计划，公司将根据相关法律法规规定及时履行信息披露义务。 ● 相关风险提示： 1、本次回购事项存在回购期限内股票价格持续超出回购价格上限，进而导致本次回购方案无法顺利实 施或者只能部分实施等不确定性风险； 2、本次回购存在因对公司股票交易价格产生重大影响的重大事项发生或公司董事会决定终止本次回购 方案等而无法实施的风险； 3、本次回购股份拟用于员工持股计划或股权激励，可能存在因员工持股计划或股权激励方案未能经公 司股东大会审议通过、股权激励认购对象放弃认购等原因，导致已回购股份无法全部转让的风险。本次 回购的股份若未能在股份回购实施完成之后法定期限内用于员工持股计 ...

Core Viewpoint - The Shenzhen Stock Exchange held its first collective performance briefing for listed companies in 2024, focusing on the theme "New Growth for Enterprises: Private Enterprises Competing in the Middle Stream," showcasing the latest developments of private enterprises and addressing investor concerns regarding technological innovation, tariff challenges, internationalization, and development strategies [1]. Group 1: Technological Innovation - Innovation is identified as the core driving force for the development of the private economy, with Shenzhen's private listed companies making significant investments in R&D, technology innovation, and patent accumulation [3]. - Jianfan Bio focuses on the R&D, production, and sales of biomedical materials and high-tech medical devices, particularly excelling in blood purification technology, and plans to enhance production management and diversify its product line [3]. - ZhiJian Electronics, a leader in consumer lithium-ion batteries, is committed to a forward-looking R&D strategy and aims to enhance its core competitive advantages while exploring market growth opportunities [3]. - Wanfu Bio sees digital pathology as a significant transformation opportunity and is developing comprehensive digital pathology solutions to reduce doctors' workloads [4]. - Xinlitai is exploring AI applications in drug discovery and clinical research to improve innovation efficiency and plans to deepen AI's role in drug design and data mining [4]. Group 2: Tariff Challenges - Companies are closely monitoring international trade policies and are implementing measures such as increasing domestic sales and developing new overseas markets to mitigate the impact of high tariffs imposed by the U.S. [6]. - Zongshen Power reported that its domestic sales accounted for 51.99% of total revenue in 2024, slightly higher than export business, and has taken proactive measures to address tariff risks [6]. - Yunjigroup highlighted that its supply chain has a high localization rate, effectively mitigating tariff fluctuations, and is capitalizing on new overseas projects due to the ongoing high prosperity cycle in the mining industry [7]. - Jianfan Bio is expanding into new markets while increasing its overseas business share, particularly in heavy liver disease and critical illness applications [7]. - Wanfu Bio has over 20 years of experience in international markets and continues to innovate to maintain growth in its international business despite tariff challenges [7]. Group 3: Development Trends - Shenzhen's private listed companies demonstrate resilience and vitality, with a significant number of companies contributing to economic development and technological innovation [9]. - As of March 2025, there are 2,181 private listed companies in Shenzhen, accounting for 76% of the total, with a combined market value of 22.65 trillion yuan, representing 69% of the total market value [9]. - In 2023, 582 private enterprises disclosed their annual reports, achieving a total revenue of 6.25 trillion yuan, a year-on-year increase of 6.62%, and a net profit of 419.9 billion yuan, a growth of approximately 1% [9]. - Jianfan Bio is investing in high-value resin and medical device projects, aiming to enhance market share and secure product supply [10]. - Xinlitai is transitioning from generic to innovative drugs, with increasing revenue contributions from new patented products [11].