2025年上半年，北交所主题基金成为了基金市场中的最大赢家。 Wind数据显示，截至今年6月30日，华夏北交所创新中小企业精选两年定开（014283）以72.16%的年内回报居全市场（除QDII基金）第3位，拉长时间 看，该基金过去三年回报高达175.64%，居全市场基金首位，大幅跑赢同期北证50指数39.45%和24%的涨幅。 这表明北交所主题基金充分发挥了主动管理基金的优势，起到了良好的价值发现作用。 近三年业绩排名市场首位 华夏北交所主题基金业绩亮眼 2021年11月，北交所鸣钟开市，作为服务创新型中小企业的主阵地，这家仅设立三年多的全国性证券交易所给市场带来了许多惊喜。 文/每日财报 杨悦 今年上半年，北交所主题基金业绩普遍表现亮眼。来自华夏基金、中信建投基金、万家基金、汇添富基金等多家基金公司旗下的北交所主题基金半年回报 均超50%，给基民带来了良好的投资体验。 其中，华夏基金旗下的华夏北交所创新中小企业精选两年定开以72.16%的年内回报居全市场（除QDII基金）第3位。 该基金不仅短期业绩表现喜人，长期业绩更是可圈可点。Wind数据显示，截至6月30日收盘，华夏北交所创新中小企业精选两年定开近三 ...

Core Viewpoint - The company, Shihua Technology, has announced its plan to issue shares to specific investors, pending approval from the China Securities Regulatory Commission (CSRC) [1] Group 1: Share Issuance Details - The total amount of funds to be raised from the share issuance is not to exceed 600 million yuan (approximately 60 million) [1][2] - The net proceeds from the issuance will be used for the optical display film material expansion project [1][2] - The issuance will involve no more than 35 specific investors, including qualified institutional investors and other eligible entities [2][3] Group 2: Shareholder Structure and Control - The maximum number of shares to be issued is 78,789,393, which will not exceed 30% of the company's total share capital prior to the issuance [3][4] - The current controlling shareholders, including Gu Zhengqing and his associates, collectively control 71.27% of the voting rights [3][4] - Post-issuance, if the maximum number of shares is issued and assuming no participation from the current controlling shareholders, their voting rights would decrease to 54.82%, but they would still maintain control [4] Group 3: Regulatory and Procedural Aspects - The issuance price will be set at no less than 80% of the average trading price over the 20 trading days prior to the pricing date [3] - The company will disclose further information regarding the issuance process and any potential related party transactions after the issuance is completed [2][3] - The lead underwriter for this issuance is Huatai United Securities Co., Ltd. [4]

Core Viewpoint - Shandong Energy Group is focusing on national strategic industries by establishing Shandong Energy New Materials Company in July 2022, aiming to create a leading new materials industry group with a target of building a trillion-level new materials industry cluster [1] Group 1: Industry Development Strategy - The new materials company emphasizes the cultivation of industrial clusters as a key driver for high-quality development, focusing on four major industrial clusters: high-end chemical new materials, calcium-based new materials, fiber and composite new materials, and optoelectronic new materials [2] - The company has achieved significant profit growth from January to May this year, exceeding annual assessment targets, and is actively engaged in project mergers and acquisitions to enhance its industrial chain [1][2] Group 2: High-End Chemical New Materials - Qixiang Tengda, as the world's largest carbon four deep processing base, leads in the production and sales of acetone and anhydride, with an expected export revenue of $442 million in 2024 [2] - Dongchen Ruishen has overcome key technologies in long-chain nylon, ranking third globally in nylon elastomer production capacity [2] Group 3: Calcium-Based New Materials - The calcium-based new materials industrial park is under rapid construction, with a million-ton industrial calcium stone processing line entering joint trial operation, and a 100,000-ton nano-calcium carbonate project expected to generate over 300 million yuan in annual output value [2][6] Group 4: Fiber and Composite New Materials - Shandong Glass Fiber has introduced a high-performance glass fiber manufacturing project with an annual capacity of 300,000 tons, meeting the demands of offshore wind power [2] Group 5: Optoelectronic New Materials - The company is strategically focusing on the research and industrialization of perovskite solar cells, with plans to establish the first 100-megawatt production line north of the Yangtze River by 2024 [3] Group 6: Intelligent Manufacturing - The company is advancing digitalization and intelligent management systems, exemplified by the "black light factory" concept, which has reduced labor from 300 to over 100 while improving production efficiency and product quality [4] - The integration of digital and intelligent technologies is seen as a transformative force in traditional manufacturing, enhancing productivity and quality [4] Group 7: High-End Value Creation - The company recognizes that high-end development is essential for survival in a competitive global market, focusing on the integration of raw materials and advanced production techniques [5] - The transformation of limestone into high-end calcium-based materials illustrates a significant value increase, with prices rising from around 100 yuan per ton to 3,000 yuan after processing [6]

（原标题：上市公司动态 | 招商银行150亿筹建金融资产投资公司，中国核电上半年发电量同比增15.65%） 招商银行(600036.SH)公告称，公司已收到国家金融监督管理总局的批复，获准筹建招银金融资产投资有限公司。该公司注册资本为150亿元，为 招商银行全资子公司。根据公司介绍，设立招银金融资产投资有限公司系本公司积极响应国家号召，主动融入国家发展大局的重要举措。此举有 助于本公司专业化开展市场化债转股及股权投资试点业务，为企业提供全方位、多层次的融资支持，进一步提升本公司综合化经营能力，全面推 动高质量发展。 中国核电2025年上半年发电量同比增长15.65% 中国核电(601985.SH)公告称，2025年上半年累计商运发电量为1,217.76亿千瓦时，同比增长15.65%；上网电量为1,151.04亿千瓦时，同比增长 15.92%。其中，核电部分发电量998.61亿千瓦时，同比增长12.01%；新能源部分发电量219.15亿千瓦时，同比增长35.76%。 再融资动态 万科A向深铁集团申请不超过62.49亿元借款并展期部分已有借款 万科A(000002.SZ)公告称，公司向第一大股东深铁集团申请不超过 ...

Core Viewpoint - The article discusses the current state and future prospects of China's chemical new materials industry, highlighting the continuous expansion of production capacity, technological innovations, and the emergence of specialized chemical parks, while also addressing structural challenges and the need for high-quality development. Group 1: Industry Overview - In 2023, China's chemical new materials capacity reached approximately 49 million tons per year, with an output exceeding 36 million tons and a production value of over 1.37 trillion yuan, remaining stable compared to 2022, although lithium battery materials saw a decline from 540 billion yuan to 480 billion yuan [5][20]. - The chemical industry is experiencing a transition from high-speed growth to high-quality development, with total revenue of 15.95 trillion yuan in 2023, a decrease of 1.1% year-on-year, and total profits of 873.4 billion yuan, down 20.7% [20][21]. Group 2: Technological Innovations - Since the 13th Five-Year Plan, the chemical new materials sector has seen significant technological advancements, with breakthroughs in key technologies such as photovoltaic-grade EVA, optical-grade PMMA, and high-strength carbon fibers [7][8]. - A number of critical products have broken foreign monopolies and achieved industrialization, including HDI, PC, PPS, and electronic-grade chemicals [8][10]. Group 3: Key Players and Market Dynamics - Major companies in the sector include Sinopec, PetroChina, and China National Chemical Corporation, focusing on high-end polyolefins, synthetic rubber, and carbon fibers [11]. - Private enterprises are also making strides in specialized fields such as EVA, fluorinated chemicals, and nylon, contributing to the development of China's new materials industry [11]. Group 4: Specialized Chemical Parks - Several specialized chemical parks have emerged, such as the Shanghai Chemical Park and Ningbo Petrochemical Economic Development Zone, which are becoming core drivers for the development of new materials [11][12]. Group 5: Investment Trends and Policy Guidance - Under the guidance of industrial policies, there is a high investment enthusiasm in the chemical new materials sector, focusing on high-end polyolefins, engineering plastics, and functional films [17][23]. - The industry is urged to prioritize the import of high-potential products to address supply shortages and enhance domestic production capabilities [23][24]. Group 6: Challenges and Future Directions - The industry faces structural contradictions, including insufficient high-end supply and bottlenecks in key raw materials and technologies [18][20]. - The focus is shifting towards high-quality development, with an emphasis on enhancing product quality and meeting the growing domestic demand for high-performance materials [21][22].

煤化工、氧化铝等行业的治理思路则有所不同，主要通过遏制产能盲目扩张来实现控制目标。相关部门 将对新增产能项目进行科学论证，防止低水平重复建设，避免进一步加剧产能过剩局面。 加速整治"内卷式"竞争， 炼油钢铁等六大行业进行分类调控 国家发改委近期表态，针对"内卷式"竞争的整治政策正在加速推进。据悉，分行业化解产业结构性矛盾 的具体措施有望尽快落地，涉及炼油、钢铁、煤化工、氧化铝、新能源汽车、光伏等多个重点领域。 不同行业将采取差异化的整治手段。炼油、钢铁等传统产能过剩行业，政策重点聚焦化解存量过剩产 能，通过淘汰落后产能实现产业优化升级。这些行业长期面临产能利用率偏低的困扰，亟须通过结构性 调整提升整体效率。 《方案》提出，在提高投资促进水平方面，山东省将精心打造以跨国公司领导人青岛峰会、儒商大会、 港澳山东周、新加坡山东周等为支撑的重大活动矩阵，提升国际影响力；聚焦欧洲、新加坡、日韩、香 港等主要投资来源地，用好"投资中国"、进博会等国家级平台，实施精准靶向招商；深化与央企合作， 一体推进利润再投资、跨国股权并购、新能源和金融领域引资等创新利用外资方式，全力稳住外资基本 盘。 在增强开放平台效能等方面，山东省 ...

Group 1 - Jiangnan New Materials (603124) experienced a decline of 1.62% today, with a turnover rate of 28.70% and a trading volume of 445 million yuan, showing a fluctuation of 3.33% [2] - The stock was listed on the Shanghai Stock Exchange's "Dragon and Tiger List" due to its turnover rate, with a net buying amount of 4.4665 million yuan from brokerage seats [2] - In the last six months, the stock has appeared on the Dragon and Tiger List 15 times, with an average price drop of 2.22% the next day and an average drop of 2.16% over the following five days [2] Group 2 - The company's Q1 report revealed a total revenue of 2.265 billion yuan, representing a year-on-year growth of 25.52%, and a net profit of 36.5394 million yuan, up 10.85% year-on-year [2] - The main capital outflow today was 14.6545 million yuan, with a significant single order outflow of 10.3557 million yuan and a large order outflow of 4.2989 million yuan [2] - Over the past five days, the main capital has seen a net inflow of 92.6971 million yuan [2]

来源：瑶海发布 对接需求请扫码 榜单： 「2025投资机构软实力排行榜」评选启动 近日，规模达20亿元的瑶海区科技创新投资基金（有限合伙）正式完成工商注册，瑶海基金丛林 再度扩容，赋能产业发展。该基金由瑶海科创集团联合瑶海国资集团、兴泰资本共同发起设立。 基金主要聚焦高端装备制造、新材料、新一代信息技术、生物医药、智能机器人和低空经济等六大 领域，重点扶持核心技术硬、市场前景广的成长型企业，推动通过资本赋能，持续稳固区域产业链 关键环节，拓展供应链配套生态，为瑶海高质量发展注入澎湃动力。 热文： 今年，上市公司热衷做并购基金 每日｜荐读 峰会： 「2025母基金年度论坛」盛大启幕：汇聚中国力量！ 热文： 一纸新规，炸出一级市场的管理费焦虑 ...

Group 1 - Zhengzhou is implementing an innovation credit rating system for 15,000 high-tech and specialized enterprises to address financing difficulties for technology-based companies [1][5] - The city plans to establish a "whitelist" of high-scoring enterprises to be regularly shared with financial institutions, facilitating targeted financial products like "innovation credit loans" [5][6] - Zhengzhou's government is offering up to 5 million yuan in rewards for companies that achieve specific innovation goals [1][7] Group 2 - The city is leveraging government funds to attract social capital for early-stage investments in technology [5][6] - A multi-layered service system is being established, integrating funds, banks, and insurance to support small and hard-tech enterprises [6] - Zhengzhou is focusing on building high-level innovation platforms and integrating into national strategic technology systems to enhance industrial innovation [6][7] Group 3 - The city is enhancing financial services tailored to various strategic emerging industries and key technology projects [7] - R&D expense deductions for manufacturing enterprises have been increased to 100%, with an additional 5% deduction for advanced manufacturing [7] - Companies achieving over 20 million yuan in sales from patented products within two years can receive a maximum reward of 5 million yuan [7]

Investment Rating - The report maintains a rating of "B" for the new materials sector, indicating a leading position in the market [2]. Core Insights - The new materials sector has shown a significant increase, with the new materials index rising by 5.12%, although it underperformed compared to the ChiNext index by 0.57% [3]. - The report highlights the rapid growth in demand for sustainable aviation fuel (SAF) due to EU subsidies, which could significantly boost the market [6]. - The report suggests focusing on companies like Jiaao Environmental Protection, Zhuoyue New Energy, and Shanggou Environmental Energy, which are well-positioned to benefit from the increasing SAF demand [6]. Summary by Sections 1. Market Performance - The new materials sector has experienced a positive market performance, with various sub-sectors such as battery chemicals increasing by 9.13% and semiconductor materials by 4.09% over the past week [3][18]. - The overall market, including basic chemicals and new materials, has seen an increase, with the Shanghai Composite Index rising by 1.91% [14]. 2. Price Tracking - Prices for key materials such as PLA remain stable, with injection-grade PLA priced at 17,500 CNY/ton and film-grade PLA at 16,700 CNY/ton [4]. - Amino acids show slight price changes, with valine priced at 14,200 CNY/ton, reflecting a 0.35% increase [4]. 3. Investment Recommendations - The report recommends monitoring companies involved in SAF production and related technologies, as they are expected to benefit from EU subsidies aimed at increasing SAF procurement [6]. - Specific companies highlighted include Jiaao Environmental Protection, which has successfully produced bio-jet fuel, and Zhuoyue New Energy, which is advancing its bio-diesel project [6]. 4. Industry News - The report notes that the EU plans to invest 1.3 billion euros in subsidies for green aviation fuel, which is expected to significantly increase SAF demand [6]. - The report also mentions the ongoing price increases for SAF, with prices exceeding 2,200 USD/ton as of late June 2025 [6].