n 本文推荐理由和目标价仅供参考，并不构成买卖建议，股市有风险，投资需谨慎。 | 代码 | 名称 | 收盘价 | 投资主题 | | --- | --- | --- | --- | | | | （25/5/31） | | | 600036 | 招商银行 | 43.43 | 高股息 | | 601899 | 紫金矿业 | 17.73 | 主营金属量价齐升 | | 603379 | 三美股份 | 47.33 | 制冷剂 | | 600600 | 青岛啤酒 | 74.17 | 关注旺季表现 | | 600276 | 恒瑞医药 | 54.74 | 创新药 | | 002311 | 海大集团 | 60.61 | 饲料龙头推进国际化 | | 600027 | 华电国际 | 5.85 | 煤电 | | 300476 | 胜宏科技 | 86.48 | PCB | | 601728 | 中国电信 | 8.03 | 算力与红利 | | 600536 | 中国软件 | 44.01 | 国产基础软件龙头，受益信创产业回暖 | 东莞证券 2025 年 6 月股票组合 本报告的风险等级为中高风险。 本报告的信息均来自已公开信息，关于信息的 ...

[Table_Reportdate] 2025年06月03日 [证券分析师： Table_Authors] 张季恺 S0630521110001 zjk@longone.com.cn 证券分析师： 刘思佳 S0630516080002 liusj@longone.com.cn 证券分析师： 王洋 S0630513040002 wangyang@longone.com.cn 联系人： 花雨欣 hyx@longone.com.cn [晨会纪要 Table_NewTitle] 20250603 重点推荐 财经要闻 晨 会 纪 要 证券研究报告 HTTP://WWW.LONGONE.COM.CN 请务必仔细阅读正文后的所有说明和声明 [table_summary] ➢ 1.从合约货与工业企业利润的关系，寻找库存去化与订单景气的方向——资产配置周报 （2025/05/26-2025/05/30） ➢ 2.抢出口有支撑，但强度相对温和——国内观察：2025年5月PMI ➢ 1.美国4月PCE出炉 ➢ 2.特朗普称美国钢铁进口税提高至50% ➢ 3.工业和信息化部：加大汽车行业"内卷式"竞争整治力度 ➢ 4.美国延长对中国 ...

5月27日，郑州市市统计局和国家统计局郑州调查队发布4月全市经济运行情况。4月份，全市上下扎实 推进各项改革任务和政策举措落地见效，经济运行延续稳中向好发展态势。 工业生产平稳增长。4月全市规模以上工业增加值同比增长8.1%。规上工业37个行业大类中，近七成行 业生产保持增长。新材料产业、汽车制造业、电子信息工业增加值分别同比增长16.1%、13.9%、 12.3%，对规上工业贡献率合计66.5%，带动作用明显。1~4月，全市规模以上工业增加值同比增长 8.6%。 消费市场持续回暖。4月份，全市社会消费品零售总额507亿元，同比增长6.7%。其中，限额以上单位 消费品零售额增长13.4%。全市限额以上单位的21类商品中，15类商品零售额实现同比增长，增长面 71.4%，比上月扩大14.3个百分点。网上订单保持活跃。限额以上单位通过公共网络实现的商品零售额 同比增长34.1%，连续8个月保持两位数高速增长。以旧换新扩围提质持续显效。4月全市限额以上单位 计算机及其配套产品、可穿戴智能设备、家用电器和音像器材类商品零售额分别同比增长2.3倍、1.4 倍、45.4%。1~4月，全市社会消费品零售总额2194亿元，同 ...

本文源自：金融界 作者：情报员 专利摘要显示，本申请公开了一种数据处理方法、模型压缩方法及装置，数据处理方法包括：获得针对 目标任务的输入数据；输入数据是图像数据、文本数据、语音数据和视频数据中的至少一种；响应目标 任务是第一类型任务，基于表征目标模型的第一参数集合处理目标任务以获得第一输出结果；响应目标 任务是第二类型任务，基于表征目标模型的第二参数集合处理目标任务以获得第二输出结果；第一类型 任务与第二类型任务满足相似性条件，第一参数集合由第一基础参数部分和第一私有参数部分表征，第 二参数集合由第二基础参数部分和第二私有参数部分表征，第一基础参数部分与第二基础参数部分相 同，第一私有参数部分与第二私有参数数据部分包括相同部分参数。 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102家企业，参与招投标项目5000次，财产线索方面有商标信息1730条，专利信 息5000条，此外企业还拥有行政许可237个。 金融界2025年5月31日消息，国家 ...

2025.05. 30 5月30日晚间，沪深两市多家上市公司发布公告，以下是第一财经对一些重要公告的汇总，供投资者 参考。 【品大事】 航天晨光：因违规行为暂停参加全军物资工程服务采购活动 航天晨光公告，公司被军委后勤保障部采购服务中心暂停参加全军物资工程服务采购活动资格，暂停 日期为2025年5月29日。此次暂停是由于公司存在违规行为，触及到禁止性处理情形。在暂停期 内，公司法定代表人伍青和自然人控股股东陈伟伟控股或管理的其他企业也将暂停参加上述范围军队 采购活动。公司内部正在核查违规处理决定形成原因并准备申诉，预计该事项将对公司后勤保障装备 产业中的物资工程服务业务产生一定影响。该事项不属于行政处罚，目前公司整体经营情况正常，在 暂停日期前已签订的相关合同不受影响。 渤海汽车：筹划购买北汽模塑等公司股权 股票停牌 渤海汽车公告，公司拟通过发行股份及支付现金的方式购买海纳川持有的北汽模塑51%的股权、廊 坊安道拓51%的股权、智联科技100%的股权、莱尼线束50%的股权，并向不超过35名（含）符合条 件的特定对象发行股份募集配套资金。公司股票自2025年6月3日（星期二）开市起停牌，预计停牌 时间不超过10 ...

证券代码：003040 证券简称：楚天龙 楚天龙股份有限公司投资者关系活动记录表 编号：【2025】0529 | | □特定对象调研 □分析师会议 | | --- | --- | | 投资者关系活动类 | □业绩说明会 □媒体采访 | | 别 | □新闻发布会 □路演活动 | | | ☑现场参观 | | | □其他 | | 参与单位名称及人 | 1、广东省经纬综合能源股份有限公司 | | | 刘畅 刘蒙 2、东兴证券股份有限公司 | | | 3、东兴证券股份有限公司 王健辉 | | | 张宇博 4、北京明澄私募基金管理有限公司 | | | 5、艳珍投资管理（上海）有限公司 王翔 | | 员 | 王鹏 6、北京风炎私募基金管理有限公司 | | | 7、上海琦轩投资管理有限公司 吴建军 | | | 8、兴业银行刘溢 | | | 9、北京潇湘投资管理有限公司 宋梅芳 | | | 10、申万宏源股份有限公司 张克 | | | 11、开源资产评估有限公司刘永华 | | 时间 | 2025 年 5 月 29 日 14:10-15:10 | | 地点 | 北京公司 号会议室 1 | | 上市公司接待人员 | 董事、董事会秘 ...

Investment Rating - The report assigns a positive investment rating to the company, indicating strong market and investor confidence in its future development. Core Insights - The company, Insta360, holds a leading global market share of 67.2% in the panoramic camera segment as of 2023, and ranks second in the action camera market [5][15]. - The company has achieved a remarkable growth trajectory, with a revenue compound annual growth rate (CAGR) of 66% from 2017 to 2024, projecting revenues of 5.574 billion yuan in 2024 [47][49]. - The company has a strong focus on research and development, with nearly 57.68% of its workforce dedicated to R&D and a cumulative investment of 1.74 billion yuan over the past five years [32][33]. Summary by Sections Company Overview - Insta360 was founded in July 2015 and has quickly risen to become a global leader in the panoramic camera market, achieving significant milestones within just four years of its establishment [6][15]. Market Position - The company has consistently outperformed competitors, with its panoramic camera market share increasing from 33% in 2019 to 67.2% in 2023 [15]. - The company’s products have gained substantial recognition, with its latest product launch in New York generating significant consumer interest [18][21]. Financial Performance - The company plans to raise 1.938 billion yuan through its upcoming IPO, with an issuance price set at 47.27 yuan per share, which is below the average price-to-earnings ratio of its peers [5]. - The company’s revenue is projected to reach 5.574 billion yuan in 2024, nearly matching that of GoPro, which is expected to generate 5.761 billion yuan [49]. Research and Development - The company has invested heavily in R&D, with a focus on innovative technologies such as panoramic image capture and processing, which have contributed to its competitive edge [36][40]. - The R&D investment has been substantial, with 7.8 billion yuan allocated for 2024, reflecting a commitment to continuous innovation [33]. Growth Potential - The global market for action cameras is experiencing rapid growth, with a CAGR of 43.04% from 2011 to 2022, indicating a robust demand for the company’s products [43]. - The company is well-positioned to capitalize on the increasing demand for smart imaging devices across various sectors, including live streaming and virtual reality applications [45].

面包财经研究员根据沪、深、北交所披露信息，对A股IPO排队企业进行了梳理统计。其中，IPO排队企业选取依据为审核状态为已受理、已问询、上市委审 议通过、提交注册。 截至2025年5月27日收盘，A股IPO排队企业总共110家。其中，北交所IPO排队企业数量最多，达70家，约占总排队数量的64%。按审核进度汇总，拟IPO企 业中七成企业处于问询阶段。 A股IPO排队企业共110家 根据公开信息，截至2025年5月27日收盘（下同），沪、深、北交所的A股IPO排队企业总共110家。 其中，北交所IPO排队企业数量最多，达70家。其次为沪市主板，有15家企业待上市，科创板、创业板、深市主板依次有11家、8家、6家排队。 北交所：IPO排队70家 专用设备制造业公司居多 北交所IPO排队企业共有70家，拟募集金额约259.34亿元。其中，审批状态为已受理有9家、已问询有53家、提交注册有8家。 按审核进度汇总，拟IPO企业中七成企业目前处于问询阶段。具体来看，审核状态为已受理的企业共15家、已问询77家、上市委会议通过4家、提交注册14 家。 其中，杰理科技预计募资规模超过10亿元，排名靠前。锦华新材、顶立科技、卓海 ...

Core Viewpoint - The stock option incentive system is increasingly recognized and accepted in China's capital market, playing a positive role in improving corporate governance and promoting long-term development of listed companies [1] Group 1: Stock Option Incentive Trends - In 2024, the total number of stock option incentive plans announced in A-shares is 610, a decrease of 8.41% compared to 2023, while the number of employee stock ownership plans has significantly increased to 277, up by 30.66% [2] - The manufacturing sector has the highest number of stock option incentive plans in 2024, with 471 plans, accounting for 77.21% of the total [2] - The computer, communication, and other electronic equipment manufacturing industry leads with 120 announced incentive plans, representing 25.53% of the manufacturing sector's stock option incentives [2] Group 2: Motivation Behind Stock Option Incentives - The demand for core talent in the manufacturing industry is rising due to the transformation and upgrading of traditional manufacturing, leading to an urgent need for talent incentives [2][3] - In state-owned enterprises, the manufacturing sector also leads with 24 announced stock option incentive plans, accounting for approximately 73% of the total [3] Group 3: Integration of Market Value Management - The China Securities Regulatory Commission issued guidelines in November 2024, emphasizing the integration of market value management into stock option incentive assessments [4] - Some listed companies have already incorporated market value assessment indicators into their stock option incentive plans, such as Bawei Storage, which has set specific revenue and market value targets for its incentive plan [5] - The electronics and communication industries have seen significant market value increases, with stock option incentives recognized as effective tools for binding core employees and enhancing investor confidence [5][6]

Group 1 - The Hong Kong stock market is becoming the main battleground for Chinese companies' cross-border financing, with 24 new listings and a total fundraising amount of 65.825 billion yuan this year, representing year-on-year growth of 35.3% and 691.4% respectively [1][4] - Sany Heavy Industry has submitted an IPO application to the Hong Kong Stock Exchange, aiming to raise up to 1.5 billion USD (approximately 11.7 billion HKD), with a total market value of 156.8 billion yuan and a year-to-date stock price increase of over 16% [2] - Weir Shares and Haitian Flavoring are also planning to list in Hong Kong to enhance their international strategies and competitiveness, with Haitian Flavoring aiming to issue up to 711 million H-shares [3][4] Group 2 - The number of companies applying for IPOs in Hong Kong has significantly increased, with 144 companies submitting applications this year, a nearly 50% increase compared to the same period last year [4] - The performance of new stocks in Hong Kong has improved, with 14 out of 24 new stocks rising on their first trading day this year, compared to 45.16% in 2024 [5] - The recent surge in companies listing in Hong Kong is driven by three main factors: the push for internationalization, an improved policy environment, and better market conditions, which have increased investor participation [6][7]