中信建投：发行不超200亿元永续次级公司债券获批 7月2日晚，中信建投（601066）发布公告称，公司收到中国证监会批复，同意公司向专业投资者公开发 行面值总额不超过200亿元永续次级公司债券注册申请。该批复自同意注册之日起24个月内有效，公司 在注册有效期内可以分期发行永续次级公司债券。 蓝思科技：获中信银行9亿元贷款承诺用于股票回购 7月2日晚，蓝思科技（300433）发布公告称，公司收到中信银行股份有限公司长沙分行出具的《贷款承 诺函》，将为其提供不超过9亿元的贷款，专项用于支持公司回购股票。 资料显示，蓝思科技成立于2006年12月，主营业务是智能终端全产业链一站式精密制造解决方案。 所属行业：电子–消费电子–消费电子零部件及组装 华仁药业：全资子公司布美他尼原料药获批上市 7月2日晚，华仁药业（300110）发布公告称，公司收到国家药品监督管理局核准签发的布美他尼原料药 《化学原料药上市申请批准通知书》。布美他尼适用于治疗严重心力衰竭、高血压急症及严重钠潴留 等，其利尿作用强，对肾功能影响小。 资料显示，华仁药业成立于1998年5月，是一家集研发、生产、销售为一体的,以肾科、呼吸科、精麻 科、治疗性 ...

Group 1 - Kanghong Pharmaceutical received a drug registration certificate for Lifisig Eye Drops, approved for treating dry eye symptoms [1] - Kanghong Biotech, a wholly-owned subsidiary, received clinical trial approval for KH813 injection for metastatic non-squamous non-small cell lung cancer [1] - Kanghong Pharmaceutical was established in October 1996, focusing on drug and medical device research, production, and sales [1] Group 2 - Guoyuyuan's subsidiary received a government subsidy of 7.5521 million yuan, accounting for 10.14% of the company's audited net profit for 2024 [2] - Guoyuyuan was founded in November 1996, specializing in drug research, production, and sales [3] Group 3 - Haicheng Bonda's subsidiary signed a lease termination agreement, incurring a termination fee of 3.35 million USD [4] - Haicheng Bonda was established in December 2009, providing comprehensive modern logistics services [4] Group 4 - Hongxin Electronics' subsidiary signed contracts totaling 373 million yuan for computing power business [5] - Hongxin Electronics was founded in September 2003, focusing on FPC research, design, manufacturing, and sales [6] Group 5 - Tianbang Food reached a settlement agreement regarding a 1.214 billion yuan lawsuit, agreeing to repay 410 million yuan over 36 months [8] - Tianbang Food was established in September 1996, specializing in pig farming and pork processing [9] Group 6 - Daoshi Technology's controlling shareholder plans to reduce holdings by up to 1.97% of the company's shares [10] - Daoshi Technology was founded in September 2007, focusing on ceramic color glazes and related products [10] Group 7 - Jinpu Titanium is planning a major asset restructuring, leading to a stock suspension [10] - Jinpu Titanium was established in November 1989, specializing in titanium dioxide production and sales [11] Group 8 - Shenzhen Energy plans to invest 6.332 billion yuan in upgrading the Mawan Power Plant [12] - Shenzhen Energy was founded in August 1993, focusing on conventional and renewable energy development [13] Group 9 - Lihua Co. plans to reduce holdings by up to 3% of the company's shares [14] - Lihua Co. was established in June 1997, specializing in the breeding and sales of poultry [15] Group 10 - China Communications Construction Company plans to repurchase shares worth 500 million to 1 billion yuan [16] - China Communications Construction Company was founded in October 2006, focusing on infrastructure design and construction [17] Group 11 - Huatiankeji's subsidiary received a government subsidy of 80.6569 million yuan, accounting for 13.09% of the company's latest audited net profit [20] - Huatiankeji was established in December 2003, specializing in integrated circuit packaging and testing [21] Group 12 - Luxin Chuangtou plans to acquire shares in Hongke Electronics for a total of 9 million yuan [23] - Luxin Chuangtou was founded in November 1993, focusing on venture capital and industrial development [24] Group 13 - Feilong Co.'s controlling shareholder plans to reduce holdings by up to 563,250 shares [25] - Feilong Co. was established in January 2001, specializing in thermal management components for automotive and civil applications [26] Group 14 - Linglong Tire submitted an application for H-share listing on the Hong Kong Stock Exchange [27] - Linglong Tire was founded in June 1994, focusing on tire design, development, manufacturing, and sales [27] Group 15 - Saiwei Electronics plans to acquire 9.5% of its subsidiary's shares for up to 324 million yuan [28] - Saiwei Electronics was established in May 2008, focusing on MEMS chip development and semiconductor equipment [28] Group 16 - Suzhou Bank's major shareholder plans to increase holdings by no less than 400 million yuan [29] - Suzhou Bank was founded in December 2004, focusing on various banking services [29]

来源：金融界 联合资信评级报告认为，厦门市区位优势明显，产业基础良好，2024年厦门市经济水平和一般预算收入 保持增长，财政自给能力较强，人口持续净流入，公司外部发展环境良好。跟踪期内，厦门市政集团有 限公司（以下简称"公司"）控股股东由厦门市人民政府国有资产监督管理委员会（以下简称"厦门市国 资委"）变更为厦门国有资本运营有限责任公司，实际控制人仍为厦门市国资委。公司主要管理人员及 管理制度连续，管理运作正常。2024年10月，公司开展重大资产重组，重组后公司减少片区开发、安置 房销售及规划设计业务，导致公司资产及营收规模均大幅下降；但公司仍是厦门市重要的市政基础设施 建设和公用事业运营主体，未来将更加聚焦主业。2024年，公司营业总收入主要来自工程施工业务、水 务业务及垃圾焚烧发电业务，其中工程施工业务持续性强且政府代建项目建设资金均来源于厦门市财 政；供水业务在厦门市仍具有专营性，收入有所增长；垃圾焚烧发电业务在厦门市具备绝对领先优势， 收入规模有所提升。公司在建及拟建自营项目未来尚需投资规模大，存在一定的资金支出压力。财务方 面，公司资产以非流动资产为主，流动性一般；有息债务以长期债务为主，整体债务负 ...

Core Insights - The article highlights the significant progress made in the development of Naqu, Tibet, through targeted aid efforts from Liaoning Province, focusing on improving living conditions, healthcare, education, and economic empowerment. Group 1: Healthcare Improvements - Naqu Municipal People's Hospital has successfully completed its first coronary angiography and stent implantation surgeries, marking a significant advancement in local medical capabilities [2] - The number of advanced surgeries performed at the hospital reached 918 in 2024, an increase of 82.5% compared to the previous year [2] - The establishment of a "trauma center" and the completion of five key medical centers have strengthened healthcare services for the local population [2] Group 2: Education Initiatives - Liaoning's "team-based" educational support has brought quality educational resources closer to students in northern Tibet, enhancing local teaching quality [3] - Naqu's second high school achieved the highest teaching quality in the region for 2023 and second place for 2024, demonstrating the effectiveness of the educational support [3] - The establishment of a cultural work station and a research base school has facilitated ongoing educational resource exchange between Liaoning and Naqu [3] Group 3: Infrastructure Development - Significant investments have been made in infrastructure projects, including water, electricity, and road improvements, enhancing the living conditions of local residents [4] - The construction of a 7.28-kilometer main road has become a landmark for entering the city, showcasing the impact of municipal support [3][4] Group 4: Economic Empowerment - Liaoning Province has invested 935 million yuan in 131 aid projects, focusing on key industries such as cultural tourism and clean energy, driving economic growth in Naqu [5] - The province's investment in local industries has created over 8,000 direct jobs and increased the income of more than 13,000 herders [5] - The sales of local specialty products, such as barley toast, have reached 460 million yuan, further supporting local employment [5] Group 5: Cultural Exchange and Community Building - Liaoning has fostered a talent pool in Naqu through educational initiatives and community engagement, enhancing local capabilities [7] - Cultural exchanges, including performances by Naqu's art troupe in Liaoning, have strengthened ties between the two regions [7] - The opening of the Anduo Tangula Exhibition Hall showcases the cultural and historical connections between Tibet and the mainland, promoting mutual understanding [8]

齐鲁晚报.齐鲁壹点记者赵波 为切实提升房屋建筑和市政工程评标质效，构建公平高效的招投标市场环境，6月24日，青岛市住房和 城乡建设局印发《关于房屋建筑和市政工程招投标领域试点实施人工智能辅助评标主观打分和主观打分 模块单元化评审机制的通知》，通过引入DeepSeek大模型创新实施两项评标监管新机制，推动评标工 作人工智能化、标准规范化。 一是试点引入DeepSeek大模型，创新建立人工智能辅助评标主观打分机制。投标文件解密后，交易系 统将根据招标文件设定的评分规则，自动提取应由招标人代表和评标专家主观打分的资格审查及投标文 件内容，运用DeepSeek大模型进行全面人工智能阅读和分析评价，生成分析评价报告，为评标提供参 考依据，推动评分标准统一。 二是创新实施评标主观打分模块单元化评审机制。DeepSeek人工智能将根据招标文件评标要点，将投 标文件按对应内容分解为多个模块单元，并就每个模块单元的招标文件要求、投标内容等分别给出人工 智能评价分析报告。招标人代表和评标专家需按人工智能细化分解后的模块单元逐个评审。进一步细化 评标指标分解，推动评标专家深入研读评标内容，促进评标公正。 房屋建筑和市政工程招投标领 ...

企业名称泰威（天津）管理运营有限公司法定代表人孙雷注册资本4000万人民币国标行业水利、环境和 公共设施管理业>公共设施管理业>市政设施管理地址天津市武清区京津科技谷产业园福瑞路85号企业 类型有限责任公司(法人独资)营业期限2025-6-24至无固定期限登记机关天津市武清区市场监督管理局 序号股东名称持股比例1京津科技谷产业园有限公司100% 经营范围含园区管理服务；园林绿化工程施工；企业总部管理；电气设备修理；电气设备销售；工程管 理服务；非居住房地产租赁；房屋拆迁服务；城市绿化管理；规划设计管理；工程技术服务（规划管 理、勘察、设计、监理除外）；市政设施管理；电气信号设备装置制造；砼结构构件制造；砼结构构件 销售；金属结构制造；金属结构销售；机械电气设备制造；机械电气设备销售；建筑材料销售；建筑装 饰材料销售；轻质建筑材料销售；建筑用金属配件销售；轻质建筑材料制造；建筑用金属配件制造；建 筑装饰、水暖管道零件及其他建筑用金属制品制造；企业管理；企业管理咨询；信息咨询服务（不含许 可类信息咨询服务）。（除依法须经批准的项目外，凭营业执照依法自主开展经营活动）许可项目：建 设工程施工；建设工程设计；公路管理 ...

证 券 研 究 报 告 市政环保红利属性强化，人工智能引领板块成长 2025下半年环保行业投资策略 证券分析师： 王璐 A0230516080007 莫龙庭 A0230523080005 2025.06.05 投资分析意见 3 2. AI赋能驱动二次增长，市政环保焕发新成长动能 3. 重点公司估值表及风险提示 1 市政环保：稳健经营，高股息表现亮眼 | 2025/6/4 市政固废 | 000598.SZ | 兴蓉环境 | 表：环保行业高分红高股息公司汇总（亿元，%, A股为人民币，港股为港币） | 223 | 12 | 11 | 10 | | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 日期 | 证券 | | 企业 | 市值 | | PE | | | 归母净利 | | | 分红率 | | | 股息率 | | | | | | | | 2023 | 2024 | 2025E | 2023 | 2024 | 2025E ...

Policy Background - The new PPP mechanism emphasizes the exclusive use of the concession model for projects, focusing on user-pay projects while strictly limiting government-pay and feasibility gap subsidy projects, prioritizing market-based returns [4] Key Audit Points Project Admission Conditions - Projects are limited to those with operational revenue potential, such as transportation, environmental protection, and municipal services, prohibiting disguised debt under the PPP guise [6] - User fees must cover construction and operational costs, with future cash flow forecasts requiring third-party evaluation [7] - A negative list prohibits packaging public welfare projects like schools and hospitals as concession projects [8] Concession Scheme Review - The concession period generally should not exceed 40 years, aligning with industry characteristics and investment recovery cycles [9] - The government does not guarantee minimum returns, placing the primary operational risk on social capital [10] - Competitive bidding is mandatory, ensuring transparency and equal participation for foreign enterprises [11] Fiscal Risk Prevention - New hidden debts are prohibited, and any government payment obligations must be included in the medium-term fiscal plan [12] - Feasibility gap subsidies, if necessary, require joint approval from provincial development and reform commissions and finance departments [13] Full Process Supervision Requirements - Payment is strictly linked to project performance, with deductions for unmet standards [14] - Clear exit mechanisms for social capital and asset disposal methods are required to prevent project failures [15] Policy Impact and Trends Impact on Local Governments - The new mechanism enforces strict project quality control, compelling local governments to select genuinely viable projects and reducing impulsive project launches [17] - Strengthened fiscal discipline will lead to audits and accountability for non-compliant projects [17] Impact on Social Capital - Companies with operational capabilities, particularly in environmental and energy sectors, will find new opportunities, while pure construction firms will gradually exit [18] - Foreign enterprises can participate through competitive processes but must adapt to China's specific concession rules [18] Future Trends - There will be an increase in PPP project proportions in sectors like transportation (toll roads) and renewable energy (charging stations) [19] - Financial tools such as REITs and project revenue bonds may further integrate with the new PPP mechanism [19] Local Implementation Suggestions - Enhance value-for-money assessments and fiscal capacity evaluations to avoid merely "approvable reports" [20] - Engage professional legal teams for contract design, clarifying concession terms and dispute resolution mechanisms [20] - Utilize information platforms for dynamic monitoring of project operational data to provide timely risk alerts [21]

中国化学：控股股东获得增持资金贷款支持 太阳电缆：股东拟减持不超过3%公司股份 5月29日，太阳电缆（002300）发布公告称，公司股东福建亿力集团有限公司计划自公告披露之日起15 个交易日后的3个月内，通过集中竞价交易或大宗交易方式减持公司股份不超过2167万股，占公司总股 本的3%。减持原因为股东自身经营需要。 资料显示，太阳电缆成立于1994年7月，主营业务是电线电缆的生产、销售。 所属行业：电力设备–电网设备–线缆部件及其他 5月29日，中国化学（601117）发布公告称，公司控股股东中国化学工程集团有限公司获得中国工商银 行股份有限公司的贷款承诺，借款额度不超过5.4亿元，专项用于实施增持计划。此前，中国化学工程 于2025年4月12日宣布拟于12个月内增持公司股份，增持金额不低于3亿元，不超过6亿元。 资料显示，中国化学成立于2008年9月，主营业务是建筑工程业务、实业、现代服务业。 所属行业：建筑装饰–专业工程–化学工程 棕榈股份：因借贷纠纷提起诉讼 涉案金额超1.49亿元 5月29日，棕榈股份（002431）发布公告称，公司因与山东胜伟盐碱地科技有限公司等多家公司及个人 的借贷纠纷，向河南省郑 ...

经营范围含法律、法规、国务院决定规定禁止的不得经营；法律、法规、国务院决定规定应当许可（审 批）的，经审批机关批准后凭许可（审批）文件经营;法律、法规、国务院决定规定无需许可（审批） 的，市场主体自主选择经营。（许可项目：旅游业务；住宿服务；道路旅客运输经营；餐饮服务；演出 场所经营；营业性演出。（依法须经批准的项目，经相关部门批准后方可开展经营活动，具体经营项目 以相关部门批准文件或许可证件为准）食品销售（仅销售预包装食品）；露营地服务；互联网销售（除 销售需要许可的商品）；旅游开发项目策划咨询；会议及展览服务；休闲观光活动；专业设计服务；游 览景区管理；体验式拓展活动及策划；组织文化艺术交流活动；餐饮管理；商业综合体管理服务；土地 整治服务；规划设计管理；土地使用权租赁；酒店管理；名胜风景区管理；市政设施管理；服装制造； 旅行社服务网点旅游招徕、咨询服务；非物质文化遗产保护；自然生态系统保护管理；广告发布；组织 体育表演活动；体育赛事策划；园区管理服务；自习场地服务；中草药种植；包装服务；停车场服务； 租借道具活动；文艺创作；广告制作；娱乐性展览；竹制品销售；日用陶瓷制品制造；日用陶瓷制品销 售；摄像及视 ...