多家公司首次实施中期分红 伴随半年报披露启幕，越来越多上市公司加入中期分红队伍。 宁德时代披露的2025年中期分红方案显示，拟向全体股东每10股派发现金分红10.07元(含税)，合计分红 金额高达45.73亿元，通过增加分红频次进一步增强投资者获得感。 伴随着沪深两市上市公司陆续披露2025年半年度报告，中期利润分配方案也随之出台。截至7月31日， 披露2025年中期分红计划的上市公司已达数十家，其中，多家公司为上市以来首次进行中期分红。 南开大学金融发展研究院院长田利辉表示，监管部门正通过倡导一年多次分红、预分红等创新模式提升 分红率，分红的稳定性、持续性与可预期性得到显著增强。在此背景下，以半年为周期的"分红锚定机 制"逐渐成为市场新范式。 多家公司明确未来分红规划 上市公司还通过发布中长期股东分红回报规划，向市场释放明确预期。 7月31日，永辉超市发布了《未来三年股东分红回报规划(2025—2027年)》，为未来三年的股东利润分 配提供了清晰指引。分红方式上，永辉超市规划确立了现金分红优先的原则。在具备现金分红条件时， 将优先采用现金形式分配利润，也可采用股票或二者结合的方式。在分配频率方面，原则上每年 ...

值得关注的是，专项贷款正成为上市公司实施股份回购的重要资金来源。数据显示，7月至今披露实施 回购的387家公司中，有246家已取得专项贷款，其中49家已完成回购计划。 以中航重机为例，该公司8月4日公告称，截至7月31日已完成回购，通过上海证券交易所系统以集中竞 价方式累计回购公司股份1194.4万股，占公司目前总股本的0.76%，使用资金总额为2亿元。此前公告显 示，公司曾取得银行不超过3.6亿元贷款，专项用于回购上市公司股票。 部分上市公司在获得专项贷款之后，迅速推进回购实施。如凯龙高科，其6月20日公告称，近日从中国 光大银行无锡分行获得2500万元回购专项贷款，借款期限为一年，资金主要用于回购公司股票。7月8 日，该公司便公告，截至7月7日回购期限届满，累计回购169.31万股，占当前总股本的1.47%，成交总 金额2549.64万元，回购方案已实施完毕。 此外，山东路桥、岩山科技等上市公司也在取得专项贷款后，较快地完成了股份回购。 （上接1版） 逾六成公司已使用回购贷款 自去年回购增持专项贷款启动以来，A股已有653家公司获得该专项贷款支持，回购增持贷款额度上限 合计达1418.17亿元。其中，用于 ...

Group 1: IPO Market Overview - In July 2025, the A-share market issued 9 new stocks, raising a total of 23.2 billion yuan, primarily driven by Huadian New Energy's fundraising of 18.2 billion yuan, the largest IPO of the year[10] - The average fundraising rate for newly issued stocks was 99.7%, with 3 out of 6 new stocks exceeding their fundraising targets[15] - The average price-to-earnings (PE) ratio for new stocks in July was 19 times, down from 23 times in June, with an average discount of 43% compared to comparable companies[21] Group 2: Market Performance and Participation - The average first-day closing price increase for new stocks was 252%, a rise of 63 percentage points from the previous month, maintaining a "zero break" record for the year[39] - The number of offline participants in the new stock market reached a record high in 2025, with over 8,000 participants in the main board and over 7,000 in the ChiNext board[22] - The offline allocation ratio for the ChiNext A/B classes was 0.0250% and 0.0242%, respectively, both showing increases of 11% and 8%[29] Group 3: Registration and Approval Process - The average "acceptance-to-issuance" cycle for IPOs was 854 days, a decrease of 13% from the previous month, indicating a faster registration process[61] - As of the end of July 2025, there were 324 IPO projects pending approval, with a total intended fundraising amount of 307.1 billion yuan[64] - The approval rate for IPO projects in July was 80%, with 9 projects reviewed and 11 projects registered[61] Group 4: Risk Factors - Potential risks include changes in the pace of IPO approvals, adjustments to issuance regulations, fluctuations in investor participation, and systemic risks[66]

Group 1: Foldable Screen Technology - The global shipment of foldable screen smartphones is expected to grow rapidly from 23.8 million units in 2024, with a compound annual growth rate (CAGR) exceeding 24% [1][2] - The company is a leading global supplier of ultra-thin flexible glass (UTG), benefiting from strong technical accumulation and patent layout [2] - Approximately 30% of the funds raised in the Hong Kong IPO (or HKD 1.377 billion) will be allocated for the technology reserve and capacity building of next-generation foldable screen components [2] Group 2: Automotive Business - The company has established partnerships with over 30 leading domestic and international automotive enterprises, achieving a market share of 20.9% in the global smart automotive interaction system solutions industry [3] - The company is expanding its automotive business, achieving breakthroughs in wireless charging modules and domain controller modules [3] - The lightweight automotive laminated glass developed by the company has been successfully introduced to new models of leading electric vehicle brands [3] Group 3: Humanoid Robotics - The company established a smart robotics division in 2016 and is collaborating with leading humanoid robotics companies to mass-produce humanoid robots [4] - The company aims to create a vertically integrated platform for intelligent hardware manufacturing, focusing on reducing costs and enhancing supply chain efficiency [4] - Since 2024, the company has delivered hundreds of humanoid robots to partners and is showcasing various robotic products at industry events [4] Group 4: AI Glasses - The company has been a core supplier of structural components for the first-generation smart headsets and collaborates with several leading North American AI glasses clients [5] - The company is the assembly partner for Rokid's entire series of AI glasses, enhancing product performance through proprietary technologies [5] - Future production capacity for optical modules and waveguide lenses is expected to alleviate industry bottlenecks [5] Group 5: Global Operations and Tariff Impact - The company has established production bases in Vietnam, Thailand, and Mexico since 2017 to enhance global operational capabilities [5] - The company has developed a global layout to quickly respond to market changes and customer needs, mitigating the impact of tariff policies [5] - The company maintains a high market share in the smartphone glass sector, with expectations for significant growth in 3D glass demand in the coming years [5]

深交所指出，长盈精密的上述行为违反了本所规定。深交所要求长盈精密董事会充分重视问题，吸取教训，及时整改，杜绝此类问题再次发生，并提醒上市 公司必须按国家法律、法规和深交所规定认真、及时履行信息披露义务，董事会全体成员要保证信息披露内容真实、准确、完整，无虚假记载、误导性陈述 或重大遗漏，并承担个别和连带的责任。 据东方财富网数据，长盈精密董事长陈奇星2023-2024年均领薪84万元，未涨薪。 据监管函内文，2025年4月17日，长盈精密披露的《关于追认2024年度日常关联交易及预计2025年度日常关联交易的公告》显示，2024年该公司与关联方四 川峰盈新能源科技有限公司累计发生关联交易4245.97万元，占长盈精密2023年末经审计净资产的比例为0.73%。长盈精密未及时履行审议程序及披露义务， 直至2025年4月17日才通过董事会审议并补充披露。 陈奇星，长盈精密董事长，1959年出生，中国国籍，大专学历。历任深圳市南山区粤海实业公司部门经理；长盈投资执行董事；深圳市海鹏信息电子股份有 限公司董事。 4月17日，长盈精密发布2024年年报。报告显示，公司2024年营业收入为169.34亿元，同比增长23. ...

Core Insights - The report highlights that the recent improvement in supply-demand policies is expected to partially reverse the current unfavorable economic situation, driven by increased domestic demand from projects like the Yaxia Hydropower Station and ongoing "anti-involution" policies [4][10] - The cyclical stocks have shown strong performance recently, with the market's expectations for price improvements rapidly increasing, indicating a potential continuation of market valuation support in the short term [4][10] - The report emphasizes that the current market environment is characterized by ample liquidity, which, combined with the low valuation levels of cyclical sectors, has contributed to the rapid upward movement of these stocks [4][10] Stock Recommendations - The August stock selection includes: SF Express (transportation), Satellite Chemical (chemicals), Anji Technology (chemicals), Heng Rui Medicine (pharmaceuticals), Bairen Medical (pharmaceuticals), Beijing Renli (services), Feiliwa (electronics), Industrial Fulian (electronics), Pengding Holdings (electronics), and Hehe Information (computers) [10][11] - The report notes that the July stock selection achieved an absolute return of 9.64%, outperforming the market benchmark (CSI 300) by 6.10 percentage points, with individual stocks like Jitu Express-W and Shenghong Technology yielding returns of 57.23% and 42.94%, respectively [6][10] Industry Analysis Transportation Sector - SF Express reported a steady growth in Q1 2025, with a net profit of 2.234 billion yuan, a year-on-year increase of 16.87%, driven by an improved product matrix and service competitiveness [12][13] Chemical Sector - Satellite Chemical achieved a record high net profit in Q4 2024, benefiting from stable raw material prices and increased sales margins, with a sales gross margin of 27.11% [14][15] - Anji Technology experienced rapid revenue growth in 2024, with a gross margin of 58.45%, attributed to market expansion and product diversification [17][18] Pharmaceutical Sector - Heng Rui Medicine's overseas licensing agreements have contributed to significant revenue growth, with Q4 2024 net profit increasing by 107.20% year-on-year [20][21] - Bairen Medical's revenue growth was driven by the successful launch of its first interventional valve product, which significantly boosted its performance in 2024 [22][23] Service Sector - Beijing Renli has a strong market presence in the human resources industry, with a broad service offering and a robust client base, positioning it for continued growth [25][26] Electronics Sector - Feiliwa is expanding its production capacity in quartz fiber cloth, targeting the growing demand in the PCB market, with a projected CAGR of 12% from 2024 to 2029 [27][28] - Industrial Fulian's cloud computing business has shown significant growth, with revenue from AI servers increasing by over 150% [31][32] - Pengding Holdings is expected to achieve steady revenue and profit growth in the first half of 2025, driven by cost control and product structure optimization [33][34]

领益智造（SZ 002600，最新价：9.04元）8月1日晚间发布公告称，截至2025年7月31日，公司累计通过 回购专用证券账户以集中竞价交易方式回购公司股份约3823万股，占公司总股本的0.55%，最高成交价 为8.55元/股，最低成交价为8.06元/股，成交金额约为3.2亿元。 2024年1至12月份，领益智造的营业收入构成为：AI终端占比92.13%，汽车及低空经济占比4.79%，其 他占比3.08%。 （文章来源：每日经济新闻） ...

四川九洲（SZ 000801，最新价：16.93元）8月1日晚间发布公告称，截至2025年7月31日，公司通过股 票回购专用证券账户以集中竞价方式回购公司股份数量约为351万股，占公司总股本的0.34%最高成交 价为人民币15.46元/股，最低成交价为人民币14.39元/股，成交总金额约为5277万元。 2024年1至12月份，四川九洲的营业收入构成为：电子制造业占比99.21%，物业管理占比0.79%。 （文章来源：每日经济新闻） ...

Group 1 - The core viewpoint of the articles highlights the importance of environmental performance ratings for companies, which directly impacts their production capabilities during periods of heavy pollution [1][2][3] - The city of Hebi has successfully implemented a performance grading system, resulting in the addition of 117 new A and B level enterprises in 2024, leading the province in both application numbers and approval rates [1][2] - Companies achieving higher environmental performance ratings, such as A and B levels, gain greater autonomy in production during heavy pollution periods, thus ensuring production continuity and enhancing customer trust [2][3] Group 2 - The performance grading system evaluates companies based on various environmental indicators, categorizing them into four levels: A, B, C, and D, with higher ratings allowing for more flexible production options during pollution events [2] - Companies that have improved their environmental ratings, like Nuoxin Electronics, have experienced significant benefits, including a 20% increase in production capacity and an additional revenue of over 20 million yuan in the first quarter compared to the same period in 2024 [3] - The shift in perception of environmental protection from a cost to a competitive advantage is encouraging more companies to pursue higher performance ratings, with a target of adding at least 50 new A and B level enterprises by the end of 2025 [3]

Group 1 - The core point of the article is that Hongxin Electronics plans to invest in a green intelligent digital infrastructure project in collaboration with the government of Qingyang, with a total investment of approximately 12.8 billion yuan [1] - The project will be constructed in phases and includes the establishment of a high-performance intelligent computing center, a high-performance computing server modification and maintenance base, and a national integrated computing network cluster in Qingyang [2][3] - The high-performance intelligent computing center will be built to national data center A-level standards, capable of accommodating over 2,500 high-power 20kW cabinets and deploying at least 40,000 PFlops of computing power upon completion [2][3] Group 2 - The project aims to create a cross-regional computing network that efficiently matches computing demands from regions such as Beijing-Tianjin-Hebei, Yangtze River Delta, and Guangdong-Hong Kong-Macau with Qingyang's green computing capabilities [3] - The Qingyang government is providing various favorable policies to support the project, including land and energy guarantees, financing subsidies, and talent support, which significantly alleviates the company's funding needs for its computing business [4] - Hongxin Electronics reported a revenue of 1.587 billion yuan in the first quarter, a year-on-year decrease of 4.97%, and a net profit of 6.8007 million yuan, down 75.80% year-on-year, indicating challenges in its current operations [4]