【导读】实控人筹划控制权变更，长龄液压股票停牌 中国基金报记者 李智 7月3日，长龄液压（股票代码：605389）发布公告称，公司控股股东、实际控制人正在筹划重大事项，该事项可能导致公司控制权发生变更。 值得一提的是，长龄液压于2023年度完成收购江阴尚驰，切入光伏行业。 长龄液压彼时表示，标的公司江阴尚驰积累了丰富的研发经验与多样化的产品规格，可以为客户量身定制产品方案，满足不同客户不同形式的设计需求。 交易完成后，公司在原有产品的基础上将借助标的公司的生产能力进一步扩大光伏回转减速器、工程机械回转减速器等产品的研发、生产及销售。 同时，江阴尚驰原股东许建沪、尚拓合伙承诺江阴尚驰2023年度、2024年度、2025年度扣除非经常性损益后归属于母公司股东的净利润分别不低于 4769.19万元、4908.15万元、5505.22万元。 不过，此次收购对于长龄液压而言收效甚微。2024年，长龄液压只增收不增利，归母净利润同比下降6.84%。今年一季度，长龄液压营收、净利润同比双 双下滑，且应收账款体量较大，达4.09亿元。 | 证券代码 | 证券简称 | 停复牌类型 | 停牌起始日 | 停牌 | 停牌终止日 | ...

【导读】实控人筹划控制权变更，长龄液压股票停牌 中国基金报记者 李智 7 月 3 日， 长龄液压（股票代码：605389） 发布公告称，公司控股股东、实际控制人正在 筹划重大事项，该事项可能导致公司控制权发生变更。 | 证券代码 | 证券简称 | 停复牌类型 | 停牌起始日 | 停牌 期间 | 停牌终止日 | 复牌日 | | --- | --- | --- | --- | --- | --- | --- | | 605389 | 长龄液压 | A 股 停牌 | 2025/7/4 | | | | 鉴于该事项正在洽谈中，尚存不确定性，为避免造成公司股价异常波动，经申请，长龄液压 股票将于 7 月 4 日（星期五）上午开市起停牌 ，预计停牌时间不超过 2 个交易日。 截至今年一季度末，夏继发的持股数量为 5880 万股，占总股本的 40.81% ；夏泽民的持股 数量为 3920 万股，占总股本的 27.21% 。 | 房号 | 股东名称 | | 持股数量(股) | 占总股本比例(%) | 期末参考市值(亿元) | 持有限售股数量(股)方向(2 | | --- | --- | --- | --- | --- | -- ...

Legislative Progress - The "Beautiful Act" has passed the Senate with a narrow margin of 51 to 50, entering the final legislative phase [1][13] - The bill will undergo review in the House of Representatives, with potential for further amendments [1][13] - Three possible timelines for final passage: before July 4, mid-July, or late July to August [2][13] Content Adjustments - The Senate version increases the deficit by approximately $4.1 trillion over the next decade, $550 billion more than the House version [2][14] - Corporate tax cuts are expanded while personal tax cuts are reduced, favoring high-income earners [2][14] - Significant cuts to healthcare and welfare spending, with medical assistance cuts increasing from $800 billion to $930 billion [3][14] Economic Impact - The "Beautiful Act" is expected to moderately boost the U.S. economy, potentially increasing annual GDP growth by 0.2 percentage points from 2025 to 2027 [4][15] - The lowest 20% of income households may see a 2.9% decrease in income, while the highest 20% could experience a 1.9% increase [5][15] - Capital-intensive industries (manufacturing, data centers) are likely to benefit, while the renewable energy sector may face challenges due to reduced tax incentives [5][15]

Group 1 - The A-share market experienced a significant increase in trading volume at the end of June, attributed to institutional net value adjustments, followed by a decrease in trading volume in early July, with a shift in market style favoring high-dividend bank stocks over technology stocks [1] - The market indices showed varied performance, with the East Finance Concept Index reflecting a range of sector performances, including a notable increase in sectors like aquaculture and low-carbon metallurgy, while sectors like finance and pharmaceuticals faced declines [2] - The Shanghai Composite Index is at a critical level, attempting to break through the 3500 mark, which has historically been a resistance point, with expectations that it may challenge previous highs later in the year [3] Group 2 - The U.S. Senate passed a comprehensive tax and spending bill supported by Trump, which is now pending a vote in the House of Representatives, indicating potential implications for market sentiment [5] - Recent market movements in the U.S. showed a rotation in style, with technology stocks like Nvidia experiencing significant adjustments while small-cap stocks gained, suggesting a shift in investor focus [6] - Reports indicate that approximately half of the steel mills in Tangshan have received notifications regarding a 30% production cut for sintering machines, which could impact supply dynamics in the steel market [8] Group 3 - The Chinese government is addressing "involution" in competitive sectors such as solar components and electric vehicles, aiming to enhance product quality and manage low-price competition, which has led to a surge in futures prices for new energy materials [10] - The market reacted positively to the news of production cuts and regulatory changes, with significant gains in the photovoltaic and steel sectors, as evidenced by multiple stocks hitting their daily price limits [11] - The People's Bank of China introduced new regulations for anti-money laundering in the precious metals and gemstones sector, requiring reporting for transactions exceeding 100,000 RMB, which may affect operational practices in the industry [12]

Core Viewpoint - The company has completed the investment project "Jiaming Film Company's annual production of 100 million square meters of fluorine-free backplane construction" and will permanently supplement its working capital with the remaining raised funds of 188.3751 million yuan [1][8][9]. Fundraising Basic Situation - The company raised a total of 1,675.38 million yuan by issuing 37,214,182 shares at a price of 45.02 yuan per share, with a net amount of 1,655.88 million yuan after deducting issuance costs [1][3]. - The funds have been fully received and verified by Tianjian Accounting Firm [1]. Project and Fund Usage Situation - The total investment for the project was 415.8 million yuan, with cumulative input of 218.2653 million yuan, resulting in a surplus of 188.3751 million yuan [6][7]. - The project has reached a usable state as of June 23, 2025 [5][6]. Reasons for Fund Surplus - The company adhered to regulations and implemented strict cost control measures during the project, leading to reduced equipment procurement costs due to price drops in the photovoltaic industry [6][7]. - Adjustments in project investment processes and designs were made based on market conditions, maximizing efficiency and minimizing costs [6][7]. Future Use of Surplus Funds - The surplus funds will be permanently used to supplement the company's working capital for daily operations, while maintaining a dedicated account until all pending payments are settled [8][9]. - The company will ensure that the use of surplus funds does not harm shareholder interests and complies with relevant regulations [8][9]. Review Procedures - The board of directors and the supervisory board approved the project completion and fund allocation, confirming compliance with legal and regulatory requirements [9][10].

Core Viewpoint - The credit rating report for Guangdong Wenkai Green Technology Co., Ltd. indicates a stable credit rating of A- with concerns regarding its financial performance and operational challenges in the ecological environment sector [4][5][6]. Company Overview - Guangdong Wenkai Green Technology Co., Ltd. is primarily engaged in ecological engineering, green energy, and cultural tourism sectors, with a focus on expanding its green energy business through distributed photovoltaic projects [11][12][18]. - The company has a strong shareholder backing from Foshan Construction Development Group, which has increased its financial support for the company [5][6]. Financial Performance - The company's total assets as of the latest report stand at 64.06 billion, with total debt at 39.04 billion, indicating a high debt-to-asset ratio of approximately 96.10% [6][8]. - The company reported a net profit loss of 0.03 billion in the latest period, continuing a trend of negative net profits over the past few years [6][8]. - Operating cash flow remains negative, with a net outflow of 2.31 billion, reflecting ongoing liquidity challenges [6][8]. Business Segments - The ecological environment business has seen a significant contraction, leading to a decrease in revenue and profit margins, with a reported 30.78% decline in new contract amounts [11][12][18]. - The green energy segment is expected to grow significantly, with anticipated revenue increases from photovoltaic projects, although the overall profitability is pressured by high development costs [12][14][18]. - The cultural tourism segment has benefited from government policies and economic recovery, leading to increased revenue and profit margins [12][18]. Industry Context - The landscaping industry is currently in a phase of intense competition, with many companies facing challenges related to cash flow and project payment delays [11][12]. - The photovoltaic industry is experiencing growth, with China's cumulative installed capacity reaching 890 million kilowatts, positioning it as a global leader in solar energy [12][14]. - The ecological environment sector is under pressure due to reduced market demand and increased competition, necessitating a shift towards more profitable projects and sectors [11][12].

蓝筹股表现 恒生指数今日回暖，李宁(02331)领涨蓝筹股，截至收盘，涨4.8%，报15.72港元，成交额8.16亿港元， 贡献恒指2.68点。非凡领越(00933)发布公告，于今年1月10日至6月19日期间，斥约2.75亿港元在公开市 场收购李宁1809.25万股，占约0.7%股权，每股收购平均价格约15.2港元，所持李宁股权由约10.53%升 至11.23%，李宁仍为其联营公司，在考虑到李宁股份的市价及其合理性，该集团认为收购事项乃合适 的投资，同时亦可加强回报。 其他蓝筹股方面，中国人寿(02628)涨4.74%，报18.58港元，贡献恒指9.9点；舜宇光学科技(02382)涨 3.99%，报65.15港元，贡献恒指2.78点；信义玻璃(00868)跌3.81%，报7.06港元，拖累恒指0.97点；中石 油(00857)跌1.32%，报6.71港元，拖累恒指0.34点。 热门板块方面 智通财经APP获悉，港股今日回暖，三大指数悉数飘红，恒生指数与恒生国企指数表现较好。截止收 盘，恒生指数涨1.26%或292.74点，报23530.48点，全日成交额2224.23亿港元；恒生国企指数涨1.38%， 报85 ...

早盘速递 2025/6/20 1、知情人士称，美国总统特朗普已批准了对伊朗的攻击计划，但暂不下达最终命令，以观察伊朗是否会放弃其核计划。美国官 员正在为未来几天可能对伊朗发动的袭击做准备，福尔多核设施可能成为美国的打击目标。白宫方面表示，特朗普将在两周内决 定是否攻击伊朗。另据报道，伊朗外长将于20日在瑞士日内瓦与英国、法国、德国三国外长及欧盟代表举行会谈。此外，美国与 伊朗的沟通仍在继续；特朗普称与伊朗谈判"有很大"机会。 2、商务部召开例行新闻发布会介绍，中方依法依规不断加快对稀土相关出口许可申请的审查，已经依法批准一定数量的合规申 请，并将持续加强合规申请的审批工作。另外，中方已为加入CPTPP作好了充分准备，希望CPTPP成员能加快中国加入进程。 3、光伏"反内卷"路径越发清晰。知情人士透露，中国光伏行业协会本周召开的会议主题，仍是关于"限产保价"。光伏三季 度将迎来更大力度减产，预计开工比例将环比降低10%-15%左右。 4、欧盟正试图与美国达成一份类似英美之间的贸易协议，先解决部分关税问题，以避免立即启动对美反击措施。不过，欧盟内 部仍存在分歧，以法国为首的一些国家希望对美国进行报复，意大利、匈牙 ...

| 工业硅&多晶硅日评20250620：低位整理 | | | | | --- | --- | --- | --- | | 单位 近期趋势 2025/6/20 | 指标 | 今值 | 变动 | | 元/吨 | 不通氧553#（华东）平均价格 | 8,100.00 | 0.00% | | 工业硅期现价格 元/吨 | 期货主力合约收盘价 | 7,470.00 | 0.61% | | 元/吨 | 基差（华东553#-期货主力） | 630.00 | -45.00 | | 元/千克 | N型多晶硅料 | 33.50 | -2.90% | | 多晶硅期现价格 元/吨 | 期货主力合约收盘价 | 32,720.00 | -1.95% | | 元/吨 | 基差 | 780.00 | -350.00 | | 元/吨 | 不通氧553#（华东）平均价格 | 8,100.00 | 0.00% | | 元/吨 | 不通氧553#（黄埔港）平均价格 | 8,150.00 | 0.00% | | 元/吨 | 不通氧553#（天津港）平均价格 | 7,950.00 | 0.00% | | 元/吨 | 不通氧553#（昆明）平均价格 | 8 ...

【重点关注】 ·金融监管总局人身险司向业内发文分红险分红水平不得"内卷式"竞争 ·知情人士称光伏三季度"减产令"升级开工率环降10%、低价销售将审计核查 ·北京印发支持办法促进游戏电竞行业高质量发展 【国内要闻】 ·记者从业内获悉，金融监管总局人身保险监管司向各人身保险公司下发了《关于分红险分红水平监管 意见的函》。文件明确了应当充分论证拟分红水平必要性、合理性和可持续性的相关情形，要求各公司 不得偏离账户资产负债和投资收益实际情况，随意抬高分红水平搞"内卷式"竞争。 ·6月19日下午，商务部召开例行新闻发布会，有记者就稀土相关出口管制措施进行提问。商务部新闻发 言人何亚东表示，中国一贯高度重视维护全球产供链的稳定与安全，依法依规不断加快对稀土相关出口 许可申请的审查，已经依法批准一定数量的合规申请，并将持续加强合规申请的审批工作。中方愿就此 进一步加强与相关国家的出口管制沟通对话，积极促进便利合规贸易。 ·记者从知情人士处获悉，中国光伏行业协会本周召开的会议主题，仍是关于"限产保价"。知情人士 称，光伏三季度将迎来更大力度减产，预计开工比例将环比降低10%-15%左右。同时，针对"低于成本 销售"的严控政策 ...