Core Viewpoint - Shandong Heda Group Co., Ltd. maintains a stable credit rating of AA- for both its corporate entity and its convertible bonds, indicating strong financial health and operational stability [1][4][5]. Company Overview - Shandong Heda primarily engages in the production of cellulose ether and plant capsules, maintaining certain technological and cost advantages [5][6]. - The company has been recognized as a "Little Giant" enterprise by the Ministry of Industry and Information Technology, reflecting its specialized and innovative capabilities [6][17]. Financial Performance - The revenue from cellulose ether has increased due to higher sales in pharmaceuticals, food, and industrial applications, while plant capsule revenue has also grown due to increased inventory for overseas sales [5][6]. - The gross margin for cellulose ether has decreased significantly, down 6.38 percentage points year-on-year to 19.13%, attributed to reduced demand in the domestic construction sector and intensified market competition [7][16]. - The gross margin for plant capsules has improved due to a decrease in fixed cost amortization following increased production [5][6]. Debt and Financial Health - As of the end of 2024, the company had total debts of 11.10 billion yuan, with a debt-to-capitalization ratio of 33.43%, indicating a light debt burden [7][9]. - The company’s short-term debt coverage is strong, with cash and cash equivalents significantly exceeding short-term liabilities [7][9]. - The overall financial risk remains low, with strong debt repayment capabilities supported by robust cash flow metrics [5][6]. Market and Industry Analysis - The cellulose ether market is expected to face continued competition, particularly in the construction sector, which is heavily influenced by the real estate market's performance [14][15]. - The global cellulose ether market is projected to grow from 5.229 billion USD in 2024 to 6.719 billion USD by 2031, indicating potential growth opportunities despite current competitive pressures [14][15]. - The company has established strong relationships with major clients in the construction and pharmaceutical sectors, enhancing its market position [17][18]. Regulatory and External Factors - The company is currently facing uncertainties due to the U.S. "double anti" investigation, which could significantly impact its plant capsule business in the U.S. market [5][6]. - The overall economic environment is characterized by a stable macroeconomic policy aimed at maintaining growth and supporting domestic demand, which may benefit the company in the long run [13][14].

Core Viewpoint - The report outlines the verification opinion of China International Capital Corporation regarding the listing and circulation of restricted shares of Lingyun Optical Technology Co., Ltd. after its initial public offering, emphasizing compliance with relevant regulations and the commitment of shareholders not to reduce their holdings for a specified period [1][10]. Group 1: Restricted Shares Listing - The restricted shares being listed for circulation total 223,777,585 shares, representing 48.5442% of the company's total share capital [9]. - The listing date for these restricted shares is set for July 7, 2025, as July 6, 2025, is a non-trading day [9]. - The total number of shares issued during the initial public offering was 10,350,000, with a total share capital of 463,500,000 shares post-IPO [1]. Group 2: Changes in Share Capital - Following the repurchase and cancellation of 2,523,267 shares, the company's total share capital decreased from 463,500,000 shares to 460,976,733 shares [2]. - No other events have occurred that would affect the number of shares since the formation of the restricted shares [2]. Group 3: Shareholder Commitments - Shareholders have committed not to transfer or reduce their holdings of restricted shares for 36 months from the date of the IPO [3][4]. - If the share price falls below the IPO price, the lock-up period will automatically extend by at least 6 months [3]. - The controlling shareholders have voluntarily committed not to transfer or reduce their holdings for 12 months following the lifting of the lock-up period on July 7, 2025 [9]. Group 4: Compliance and Verification - The verification opinion confirms that the company has adhered to the relevant laws and regulations regarding the listing of restricted shares [10]. - The report states that the information disclosed by Lingyun Optical regarding the restricted shares is true, accurate, and complete [10].

金融界6月24日消息，上证指数低开高走，上证能源行业分层等权重指数 (能源等权，000070)下跌 1.71%，报2502.08点，成交额141.74亿元。 数据统计显示，上证能源行业分层等权重指数近一个月上涨1.24%，近三个月下跌4.91%，年至今下跌 10.24%。 据了解，上证行业分层等权重指数系列分别选取属于能源、原材料、工业、可选消费、主要消费、医药 卫生、金融、房地产、信息技术、通信服务以及公用事业十一个一级行业的上市公司证券作为指数样 本，并通过权重设置，使二级行业间实现市值加权，二级行业内个券实现等权，为投资者提供多样化的 投资标的。该指数以2003年12月31日为基日，以1000.0点为基点。 从指数持仓来看，上证能源行业分层等权重指数十大权重分别为：洲际油气（3.64%）、中煤能源 （3.53%）、中国石油（3.46%）、石化油服（3.44%）、中油工程（3.44%）、陕西煤业（3.44%）、海 油工程（3.39%）、海油发展（3.39%）、中海油服（3.38%）、上海石化（3.37%）。 从上证能源行业分层等权重指数持仓的市场板块来看，上海证券交易所占比100.00%。 从上证能源行业 ...

企业名称灵宝市尊澳国际贸易服务有限公司法定代表人段双双注册资本200万人民币国标行业批发和零 售业>批发业>其他批发业地址河南省三门峡市灵宝市新灵街东街九青画业后437号院二楼202室企业类 型有限责任公司（自然人投资或控股的法人独资）营业期限2025-6-23至无固定期限登记机关灵宝市市 场监督管理局 来源：金融界 经营范围含贸易经纪；国内贸易代理；进出口代理；国际货物运输代理；航空国际货物运输代理；化工 产品销售（不含许可类化工产品）；环境应急治理服务；食品进出口；第一类医疗器械销售；第一类医 疗器械租赁；第二类医疗器械销售；第二类医疗器械租赁；卫生用品和一次性使用医疗用品销售；医护 人员防护用品零售；农业科学研究和试验发展；木材销售；农副产品销售；特种设备销售；五金产品批 发；金属工具销售；服装服饰零售；建筑装饰材料销售；针纺织品销售；家具销售；家具制造；日用百 货销售；鞋帽零售；劳动保护用品销售；箱包销售；个人卫生用品销售；化妆品批发；家用电器销售； 文具用品零售；货物进出口；机械设备销售；农业机械服务；电子产品销售；计算机软硬件及辅助设备 零售；技术服务、技术开发、技术咨询、技术交流、技术转让、技术 ...

Group 1 - The core viewpoint of the news is that China National Petroleum Corporation (CNPC) has applied for a patent for a specialized white oil for polystyrene, indicating a focus on innovation in petrochemical products [1][3] - The patent application, titled "Special White Oil for Polystyrene and Its Preparation Method and Application," was filed on May 2025, highlighting the company's ongoing research and development efforts [1] - The specialized white oil is characterized by high distillation range, high flash point, suitable hydrocarbon composition, excellent UV stability, and thermal stability, which enhances the processing and molding characteristics of polymers [1] Group 2 - CNPC Karamay Petrochemical Co., Ltd. was established in 2015 and is primarily engaged in the petroleum, coal, and other fuel processing industries, with a registered capital of approximately 5.15 billion RMB [1] - The company has made investments in one external enterprise, participated in 1,501 bidding projects, and holds 91 patents, along with 111 administrative licenses [1] - China National Petroleum Corporation, founded in 1999, focuses on oil and gas extraction, with a registered capital of approximately 18.30 billion RMB, and has invested in 1,283 enterprises, participated in 496 bidding projects, and holds 5,000 patents [2]

Group 1 - China State Construction won multiple major projects with a total amount of 21.53 billion yuan, accounting for 1.0% of the audited revenue for 2024 [1] - Zhongtai Chemical's subsidiary has fully launched a methanol upgrading demonstration project, which will further reduce production costs [1] - Wide Special Materials expects a net profit increase of approximately 367.51% year-on-year for the first half of 2025, driven by improved demand and internal optimization [1][2] Group 2 - Longdi Group plans to exercise its preferential subscription rights to participate in the convertible bond issuance of its associate company, Yongqi Electronics, with an investment of no more than 89.249 million yuan [3] - Dayou Energy's subsidiary Mengjin Coal Mine has resumed production after a 38-day suspension due to an accident, with an annual capacity of 1.2 million tons [5] - Shanying International plans to repurchase shares worth between 500 million and 1 billion yuan, with a maximum repurchase price of 2.50 yuan per share [7] Group 3 - Huatai Securities has been approved to issue up to 10 billion yuan in technology innovation bonds to support investment in the technology innovation sector [9] - Weixin Kang's cooperative product, an injectable multivitamin, has passed the consistency evaluation, enhancing its market potential [10] - Jinpu Titanium's controlling shareholder will have 35 million shares auctioned, accounting for 3.55% of the company's total share capital [11] Group 4 - China Pharmaceutical plans to waive its preferential purchase rights for a 24% stake in Chongqing Medical Health Industry Co., with a base transfer price of 2.206 billion yuan [12] - Beijia Clean plans to reduce its shareholding by 1.99% due to funding needs [13] - Anpelon has obtained a design patent for a brake sensor, enhancing its technological capabilities [14] Group 5 - Zhongyue Holdings' subsidiary has received approval for a clinical trial application for a new drug, indicating progress in its pharmaceutical development [14] - Lijun Group's YJH-012 injection has been approved for clinical trials, showcasing its potential in treating gout [16] - Yageer has sold financial assets totaling 4.176 billion yuan, representing 10.13% of its audited net assets for 2024 [15] Group 6 - Tailing Micro expects a net profit increase of approximately 267% year-on-year for the first half of 2025, driven by customer demand and product sales [19] - Baotai plans to invest 287 million yuan to acquire a 51% stake in Shaanxi Wanhao Titanium Technology Co., enhancing its production capabilities [21] - Laime Pharmaceutical has received a drug registration certificate for azithromycin granules, expanding its product portfolio [23] Group 7 - KQ Bio has received approval for a new veterinary vaccine, marking a significant advancement in its product offerings [25] - Robotech signed a contract worth approximately 17.1 million euros, representing over 12.82% of its audited revenue for 2024 [26] - Alloy Investment is planning a control change, leading to a temporary suspension of its stock [27] Group 8 - Huabang Health's subsidiary has received approval for two dermatological drugs, indicating growth in its pharmaceutical pipeline [28] - Lingxiao Pump Industry plans to invest 60 million yuan in wealth management products, optimizing its financial strategy [29] - Jinzhong Technology has won projects totaling 113 million yuan, accounting for 6.39% of its expected revenue for 2024 [31] Group 9 - Yifan Pharmaceutical's subsidiary has received approval for a clinical trial of a growth hormone injection, indicating progress in its research and development [32] - Guiguan Electric plans to invest 395 million yuan in a photovoltaic project, reflecting its commitment to renewable energy [33] - Rili Technology intends to repurchase shares worth between 10 million and 20 million yuan, supporting its stock performance [34] Group 10 - Xingye Securities' chairman has resigned, leading to a change in leadership [35] - Jinko Solar has achieved third-party certification for its high-efficiency solar cells, setting a new industry record [37] - Changan Automobile's controlling shareholder has changed its name, reflecting a rebranding effort [38]

专利摘要显示，本申请提供一种转轴装置及电子设备，包括：第一连接件，第二连接件，套设在第一连 接件的至少部分外侧；第一连接件与第二连接件能够相对转动，且摩擦接触，以提供转轴装置的目标阻 尼力；其中，沿第一连接件以及第二连接件的轴向具有第一段部以及第二段部，第一段部具有第二连接 件套设于第一连接件的一部分，第二段部具有第二连接件套设于第一连接件的另一部分，第一段部提供 第一连接件相对于第二连接件转动的第一阻尼力，第二段部提供第一连接件相对于第二连接件转动的第 二阻尼力，第二阻尼力小于第一阻尼力，第一阻尼力与第二阻尼力之和为目标阻尼力，第二段部中任一 位置的径向的截面面积小于第一段部中任一位置的径向的截面面积。 天眼查资料显示，联想（北京）有限公司，成立于1992年，位于北京市，是一家以从事计算机、通信和 其他电子设备制造业为主的企业。企业注册资本565000万港元。通过天眼查大数据分析，联想（北京） 有限公司共对外投资了107家企业，参与招投标项目5000次，财产线索方面有商标信息1744条，专利信 息5000条，此外企业还拥有行政许可238个。 金融界2025年6月24日消息，国家知识产权局信息显示，联想（北京 ...

中孚信息股份有限公司，成立于2002年，位于济南市，是一家以从事计算机、通信和其他电子设备制造 业为主的企业。企业注册资本26039.2378万人民币。通过天眼查大数据分析，中孚信息股份有限公司共 对外投资了11家企业，参与招投标项目455次，财产线索方面有商标信息25条，专利信息327条，此外企 业还拥有行政许可17个。 北京中孚泰和科技发展股份有限公司，成立于2009年，位于北京市，是一家以从事软件和信息技术服务 业为主的企业。企业注册资本1000万人民币。通过天眼查大数据分析，北京中孚泰和科技发展股份有限 公司参与招投标项目16次，专利信息163条，此外企业还拥有行政许可3个。 天眼查资料显示，南京中孚信息技术有限公司，成立于2011年，位于南京市，是一家以从事软件和信息 技术服务业为主的企业。企业注册资本11500万人民币。通过天眼查大数据分析，南京中孚信息技术有 限公司共对外投资了2家企业，参与招投标项目34次，专利信息355条，此外企业还拥有行政许可7个。 中孚安全技术有限公司，成立于2013年，位于济南市，是一家以从事计算机、通信和其他电子设备制造 业为主的企业。企业注册资本77000万人民币。 ...

天眼查资料显示，杭州南都动力科技有限公司，成立于2010年，位于杭州市，是一家以从事计算机、通 信和其他电子设备制造业为主的企业。企业注册资本90000万人民币。通过天眼查大数据分析，杭州南 都动力科技有限公司参与招投标项目20次，专利信息444条，此外企业还拥有行政许可22个。 浙江南都鸿芯动力科技有限公司，成立于2018年，位于杭州市，是一家以从事计算机、通信和其他电子 设备制造业为主的企业。企业注册资本10000万人民币。通过天眼查大数据分析，浙江南都鸿芯动力科 技有限公司共对外投资了1家企业，参与招投标项目3次，专利信息50条，此外企业还拥有行政许可27 个。 来源：金融界 金融界2025年6月24日消息，国家知识产权局信息显示，杭州南都动力科技有限公司、浙江南都电源动 力股份有限公司、浙江南都鸿芯动力科技有限公司取得一项名为"锂离子电池非水解性电解液及具有该 电解液的锂离子电池"的专利，授权公告号CN115528305B，申请日期为2022年10月。 浙江南都电源动力股份有限公司，成立于1997年，位于杭州市，是一家以从事电气机械和器材制造业为 主的企业。企业注册资本89803.9858万人民币。通 ...

北京国宇星空科技有限公司，成立于2015年，位于北京市，是一家以从事科技推广和应用服务业为主的 企业。企业注册资本2000万人民币。通过天眼查大数据分析，北京国宇星空科技有限公司参与招投标项 目4次，专利信息185条，此外企业还拥有行政许可3个。 安徽微纳星空科技有限公司，成立于2018年，位于合肥市，是一家以从事电信、广播电视和卫星传输服 务为主的企业。企业注册资本500万人民币。通过天眼查大数据分析，安徽微纳星空科技有限公司专利 信息181条，此外企业还拥有行政许可1个。 金融界2025年6月24日消息，国家知识产权局信息显示，北京微纳星空科技股份有限公司、北京国宇星 空科技有限公司、安徽微纳星空科技有限公司、海南微纳星空科技有限公司、陕西国宇星空科技有限公 司取得一项名为"一种堆栈式板卡装配装置以及装配方法"的专利，授权公告号CN116390347B，申请日 期为2023年03月。 天眼查资料显示，北京微纳星空科技股份有限公司，成立于2017年，位于北京市，是一家以从事铁路、 船舶、航空航天和其他运输设备制造业为主的企业。企业注册资本6256.25万人民币。通过天眼查大数 据分析，北京微纳星空科技股份有 ...