活动介绍 2025年广东省直播带岗活动将在2025年7月-12月开展40场线上招聘会。本次活动由中国中小企业发展促进中心指导，广东省工业和信息化厅、广东省教育 厅、广东省人力资源和社会保障厅、共青团广东省委员会联合主办，广东省中小企业服务中心、广东省就业服务管理局、广东省青少年事业发展中心、广东 经济科教频道共同承办。本场是第1场，【东莞专场】为你带岗！ 01 直播信息 直播场次 第1场 直播时间 2025年7月28日 10:00-12:00 直播专场 东莞专场 直播地点 广东省退役士兵就业创业服务促进会 东莞代表处 一键投递简历 02 直播企业 易事特电力系统技术有限公司 企业信息 易事特集团（股票代码：300376）始创于1989年，2014年成功在深交所上市，曾是世界500强企业控股子公司，现为广东省属国资混改示范企业，是国家火 炬计划重点高新技术企业、国家技术创新示范企业、国家知识产权示范企业、国家级制造业单项冠军企业、国家级绿色工厂、中国产学研合作创新示范企业 及UPS电源、充电桩、钠电龙头企业等，连续多年荣登全球新能源企业500强、全球光伏品牌100强、中国企业专利实力500强、创新百强企业、储能 ...

Quantitative Models and Construction Methods Model Name: Central Enterprise Innovation Index (000861.CSI) - **Model Construction Idea**: The index selects 100 representative listed companies under the State-owned Assets Supervision and Administration Commission (SASAC) based on their innovation and profitability to reflect the overall performance of innovative central enterprises[8] - **Model Construction Process**: - **Sample Space**: All listed companies under SASAC[9] - **Step 1**: Rank the securities in the sample space by average daily trading volume over the past year and exclude the bottom 20%[9] - **Step 2**: Select the remaining securities controlled by SASAC and its subsidiaries[9] - **Step 3**: Exclude securities with negative operating cash flow in the past year and negative net profit excluding non-recurring items in the past two years[9] - **Step 4**: Calculate the innovation score for non-financial companies based on R&D expenditure, R&D personnel ratio, patent quality score, and participation in national or industry standards. For financial companies, use revenue, net profit, patent quality score, and participation in standards[9] - **Step 5**: Rank the remaining securities by innovation score and select the top 50% as innovation-themed securities[9] - **Step 6**: Calculate the quality score for non-financial companies based on ROE, net profit growth, earnings quality, and financial leverage. For financial companies, use ROE and net profit growth. Combine the quality score with the scale score (based on market cap) to get a comprehensive score[9] - **Step 7**: Select the top 100 securities by comprehensive score as index samples[9] - **Adjustment**: The index samples are adjusted semi-annually[9] - **Model Evaluation**: The index is designed to reflect the performance of innovative central enterprises, with a focus on maintaining representativeness and accuracy through regular adjustments[8][9] Model Backtesting Results - **Central Enterprise Innovation Index**: - **Cumulative Return Since Inception**: 138.08%[5][10] - **Excess Return Over Major Indices**: - CSI 300: 79.25%[5] - SSE Composite Index: 83.67%[5] - CSI 500: 54.40%[5] - CSI 800: 74.09%[5] - **5-Year Cumulative Return**: 33.70%[10] - **Excess Return Over Major Indices in 5 Years**: - CSI 300: 49.24%[10] - SSE Composite Index: 29.47%[10] - CSI 800: 47.94%[10] Quantitative Factors and Construction Methods Factor Name: Innovation Score - **Factor Construction Idea**: Evaluate the innovation capability of non-financial and financial companies based on specific indicators[9] - **Factor Construction Process**: - **Non-Financial Companies**: - R&D expenditure to market cap ratio (40% weight) - R&D personnel ratio (10% weight) - Patent quality score (40% weight) - Participation in national or industry standards (10% weight)[9] - **Financial Companies**: - Revenue (40% weight) - Net profit (10% weight) - Patent quality score (40% weight) - Participation in national or industry standards (10% weight)[9] - **Calculation**: Sum the weighted scores to get the innovation score[9] Factor Name: Quality Score - **Factor Construction Idea**: Assess the financial quality of companies based on profitability and financial stability[9] - **Factor Construction Process**: - **Non-Financial Companies**: - ROE (30% weight) - Net profit growth (35% weight) - Earnings quality (25% weight) - Financial leverage (10% weight)[9] - **Financial Companies**: - ROE (50% weight) - Net profit growth (50% weight)[9] - **Calculation**: Sum the weighted scores to get the quality score[9] Factor Backtesting Results - **Innovation Score**: - **Top 50% Selection**: Used to identify innovation-themed securities[9] - **Quality Score**: - **Comprehensive Score Calculation**: Combined with scale score to select top 100 securities[9]

中新网青海玉树7月27日电 题：三江源头"生命鸟巢"：原生鸟类与"新生"电网"和谐共生" 作者张海雯 地处青藏高原腹地的三江源地区，被世界自然基金会列为全球25个生物多样性重点保护地区之一。 这里生活着藏雪鸡、斑头雁、赤麻鸭等近300种珍稀鸟类，金雕、猎隼、大鵟、胡兀鹰等20多种猛禽， 素有"候鸟的天堂"之美誉。 日前，中新网记者跟随"灵动江河·山宗水源之大美青海"网络主题宣传活动来到青海省玉树藏族自治州 隆宝国家级自然保护区。 图为航拍 隆宝湿地。徐景康摄 7月的隆宝湿地水草丰美，水洼倒映着蓝天白云，依稀能看到黑颈鹤悠然觅食的身影，有鸟类时不时从 空中划过，绘就一幅生机勃勃的生态画卷。 有这样一处别致的"景观"，架设于草原的输电线路杆塔顶端都有一个直径约1米大小、用藤条编制的"大 筐"，这就是国家电网聚焦青海三江源地区鸟类和生态保护实施的重点社会责任项目——"生命鸟巢"。 "为了方便捕捉猎物，大型鸟类喜欢居高而栖，但由于当地树木稀少，适合猛禽筑巢的地点少之又 少。"国家电网玉树供电公司营销班昂公介绍。 近年来，随着大电网逐步延伸到三江源地区，巍峨耸立的输电铁塔就成了这些高原雄鹰们的"黄金楼 盘"，"它们纷纷 ...

Investment Rating - The investment rating for the electric power equipment and new energy industry is "Positive" [2] Core Insights - The report highlights that the electric vehicle (EV) battery sector is expected to see an optimization in its structure, leading to a potential recovery in profitability. Factors contributing to this include a long-term significant correction in the lithium battery sector, a potential turning point in the oversupply of lithium batteries, and a decrease in lithium carbonate prices, which may lower battery costs and stimulate downstream demand [3][4] - The report emphasizes that 2025 is likely to be a significant year for grid investment, with the electric power equipment sector presenting favorable investment opportunities. The increasing electricity demand from emerging industries like AI is expected to drive the demand for power equipment [3][4] - In the energy storage sector, it is anticipated that energy storage will maintain a high growth trajectory in 2025, with large-scale energy storage expected to benefit from the gradual improvement of the electricity market and auxiliary service market [4] - The photovoltaic (PV) sector is experiencing sustained high demand in Europe, with inventory pressures expected to ease and domestic ground power station demand remaining strong. The report notes that new technologies such as TOPCON are entering large-scale production, which is expected to inject new momentum into the development of renewable energy [4][5] Summary by Sections New Energy Vehicles - The report indicates that the price of battery-grade lithium carbonate has increased by 16.5% week-on-week, reflecting a growing demand in the new energy vehicle market. In June 2025, new energy vehicle sales reached 1.329 million units, a year-on-year increase of 26.7% [9][13][15] Electric Power Equipment and Energy Storage - The report suggests that the electric power equipment sector is entering a growth cycle, driven by increased electricity demand from new industries and the need for grid upgrades due to rapid renewable energy development. Key companies to watch include Siyi Electric, Haixing Power, and Jindan Technology [3][4] - In energy storage, the report highlights investment opportunities in large-scale storage, commercial storage, and household storage, with specific companies recommended for each segment [4] Photovoltaic Industry - The report notes a 13.5% increase in the price of polysilicon, indicating a positive trend in the photovoltaic industry. The demand for solar installations is expected to accelerate due to cost reductions and new technology advancements [16][17] Industrial Control and Humanoid Robots - The report discusses the anticipated recovery in the industrial control sector, with a new cycle of equipment updates expected. The launch of the humanoid robot "UnitreeR1" by Yushu Technology is highlighted, showcasing advancements in the robotics industry [6][7]

固定收益 | 固定收益定期 转债市场表现 本周转债市场收涨，其中中证转债上涨 2.14%，上证转债上涨 2.02%，深证 转债上涨 2.31%；万得可转债等权上涨 2.39%，万得可转债加权上涨 2.12%。 本周转债日均成交额有所增加。本周转债市场日均成交额为 806.74 亿元， 较上周日均增加 100.05 亿元，周内成交额合计 4033.71 亿元。 可转债周报 20250727 证券研究报告 北交所转债怎么看？ 转债周度专题 7 月 19 日，北交所首单转债获批——优机股份公告可转债获得证监会同意 注册；本周 7 月 23 日，北交所新增一单转债预案——盖世食品。截至 7 月 25 日，北交所共有 5 只转债预案。 北交所可转债相关规则主要是 2023 年 2 月 17 日修改发布的《北京证券交 易所上市公司向特定对象发行可转换公司债券业务细则》等。 对应看到，目前预案中的北交所转债均为定向可转债，且发行规模均在 1.5 亿元以内。而根据"业务细则"，北交所定向可转债通常不具备"下修条款"、 转股期结束前 10 个交易日暂停转让、有明确的 18 个月转股限售要求、不 赎回周期至少为 6 个月。此外， ...

多图速览>> 本周（7月21日至7月25日）的五个交易日中，A股三大指数集体上涨，沪指累计涨1.67%，深成指涨2.33%，创业板指涨2.76%。 | 指数 | 周五涨跌幅 | 周五收盘点数 | 周五成交额(亿元) | 近一周涨跌幅 | स्ट | | --- | --- | --- | --- | --- | --- | | 上证指数 | -0.33% | 3594 | 8216 | 1.67% | | | 深证成指 | -0.22% | 11168 | 9657 | 2.33% | | | 北证50 | 0.52% | 1459 | 285 | 2.85% | | | 科创50 | 2.07% | 1054 | 419 | 4.63% | | | 创业板指 | -0.23% | 2340 | 4319 | 2.76% | તે | | 下证50 | -0.60% | 2796 | 1140 | 1.12% | | | 沪深300 | -0.53% | 4127 | 4304 | 1.69% | | ►牛熊股：13股周涨超50%，最牛股周涨超180% Wind数据显示，本周（7月21日至7月25日）共有20 ...

Investment Rating - The report maintains a "Buy" rating for key companies in the electric power equipment and new energy sectors, including CATL, Keda, and others, indicating a positive outlook for their performance [5]. Core Insights - The overall electricity consumption in June 2025 reached 867 billion kWh, reflecting a year-on-year growth of 5.4%, with significant contributions from various sectors [4][49]. - The domestic photovoltaic (PV) sector saw a substantial increase in new installations, surpassing 200 GW in the first half of 2025, although there was a notable decline in monthly installations in June [3][31]. - The inverter export market showed improvement, with June exports amounting to 6.591 billion yuan, marking a year-on-year increase of 1.15% and a month-on-month increase of 10.32% [3][26]. Summary by Sections New Energy Vehicles - NIO's new electric SUV, the L90, has begun pre-sales, featuring advanced design and technology, with a starting price of 279,900 yuan [2][9]. - The vehicle offers two powertrain options, with a maximum power output of 440 kW and a range of up to 605 km [11][13]. Photovoltaics - The inverter export market showed a positive trend, with June exports reaching 6.591 billion yuan, a year-on-year increase of 1.15% and a month-on-month increase of 10.32% [3][26]. - In the first half of 2025, domestic PV installations reached 212.21 GW, a year-on-year increase of 107.07%, although June saw a significant drop in new installations [31][31]. Electric Power Equipment and Industrial Control - In June 2025, total electricity consumption was 867 billion kWh, with a year-on-year growth of 5.4%, driven by increases in all sectors, particularly residential electricity consumption, which grew by 10.8% [4][49]. - Cumulative electricity consumption from January to June 2025 reached 48,418 billion kWh, reflecting a year-on-year increase of 3.7% [4][49]. Key Company Earnings Forecasts and Valuations - Key companies such as CATL, Keda, and others are projected to have strong earnings growth, with recommended buy ratings based on their performance metrics [5].

北京农业部门启动救灾应急响应程序 中新网北京7月27日电 (记者 陈杭)北京市气象局官方微博27日通报称，目前密云、房山和大兴交界一 带、通州等地回波较强，13时30分至14时最大降水量出现在密云干峪沟，达26.2毫米。预计未来1小时 南部回波将东移北上影响丰台、中心城区、朝阳、顺义等地。 北京市防汛指挥部提示：27日午后至28日上午，北京大部分地区小时雨强可达30毫米以上，部分区域可 能发生山洪和地质灾害险情，请广大市民避免前往山区、河道等危险地带，切勿涉水穿行。同时避免在 低洼地带及下凹式立交桥下停车，确保生命财产安全。 北京排水集团表示，已于27日9时40分提级启动防汛三级响应。响应期间，集团防汛指挥部人员在岗， 所有水厂及泵站人员全部在岗，出动防汛单元211组，人员2298人。截至27日15时，集团28座泵站启动 抽升，累计抽升雨水7000立方米。目前，集团运营范围内一切正常。 为有需要的乘客发放一次性雨衣 为做好降雨应对保障工作，北京地铁公司已启动防汛应急响应措施。各单位加强重点部位值守力量及重 点部位不间断巡视检查；各线密切监视客流变化情况，适时调整运力，做好加开临客准备；地面及高架 线路视降雨情 ...

从营业收入利润率来看，1—6月份，规模以上工业企业实现营业收入66.78万亿元，同比增长2.5%；发 生营业成本57.12万亿元，增长2.8%；营业收入利润率为5.15%，同比下降0.22个百分点。 中泰证券研究所政策团队首席分析师杨畅对21世纪经济报道记者表示，6月末营业收入利润率为5.15% （前值4.97%），提高0.18个百分点，符合季节性波动特征，但提升幅度小于上年同期；每百元营业收 入中的成本为85.54元（前值85.61元），成本占比回落。 21世纪经济报道见习记者冉黎黎 北京报道 7月27日，国家统计局发布数据显示，1—6月份，全国规模以上工业企业实现利润总额34365亿元，同比 下降1.8%。 分三大门类看，1—6月份，采矿业实现利润总额4294.1亿元，同比下降30.3%；制造业实现利润总额 25900.6亿元，增长4.5%；电力、热力、燃气及水生产和供应业实现利润总额4170.4亿元，增长3.3%。 主要行业利润情况方面，1—6月份，黑色金属冶炼和压延加工业利润同比增长13.7倍，农副食品加工业 增长22.8%，电气机械和器材制造业增长13%，有色金属冶炼和压延加工业增长7.8%，通用设 ...

证券研究报告 豆鹏超 doupengchao@huayuanstock.com 公用事业 行业定期报告 hyzqdatemark 2025 年 07 月 27 日 查浩 SAC：S1350524060004 zhahao@huayuanstock.com 刘晓宁 SAC：S1350523120003 liuxiaoning@huayuanstock.com 邓思平 SAC：S1350524070003 dengsiping@huayuanstock.com 6 月电力数据分析 储能容量电价政策有望陆续出台 投资评级： 看好（维持） ——大能源行业 2025 年第 30 周周报（20250726） 投资要点： 证券分析师 电力：6 月用电增速 5.4% 新能源装机环比骤降 用电量：6 月用电增速 5.4%，产业用电结构更迭持续 国家能源局于近日发布 2025 年 6 月全社会用电量数据，单月全社会用电量同比增长 5.4%。分产业看，6 月单月第一、二、三产业及城乡居民用电量分别同比增长 4.9%、3.2%、9.0%、10.8%。1-6 月全社会累 计用电量同比增长 3.7%，其中第一、二、三产业及城乡居民分别同 ...