点击注册小程序 查看完整报告 从品类角度看，在2025年"618"大促期间综合电商平台热门品类中，家用电器、美容护肤、洗护清洁销售 额占比分别为12.9%/5.0%/2.7%。 阿里巴巴：品牌表现良好，用户粘性持续提升 商品方面，2025年"618"大促期间，453个品牌在天猫"618"成交破亿元（截至6月18日24点），同比去年增 长24%，其中苹果、美的、海尔、小米等成交突破10亿，天猫平台上品牌表现突出；同时国补拉动作用显 著，家电家装、3C数码等行业整体成交同比双位数增长，参加国补的品类成交总额较2024年"双十一"增长 116%。消费者方面，2025年天猫"618"来访用户及活跃度均有提升，全周期购买用户实现双位数增长，其 中高净值88VIP会员突破5000万，品牌会员数同比增长15%。 京东集团：多业态拉动用户增长，外卖日单量突破2500万单 2025年"618"大促期间（2025年5月30日20:00至6月18日23:59），京东整体下单用户数同比增长超过 100%，京东零售线上业务、线下业态及京东外卖整体单量超过22亿单。分品类来看，京东平台3C、家电 品类规模、增速均为行业第一，服饰美妆、日 ...

《OpenAI 发布 o3-pro，Mistral 推出推 理模型 Magistral ——AI 动态汇总 20250616【中邮金工】》 - 2025.06.16 《融资资金持续大幅净流入医药，GRU 行业轮动调出银行——行业轮动周报 20250615》 – 2025.6.16 《资金博弈停牌个股大幅流入信创 ETF，概念轮动速度较快——行业轮动 周报 20250608》 - 2025.06.09 《综合金融受益于稳定币表现突出， ETF 资金逢高净流出医药和消费——行 业轮动周报 20250601》 – 2025.06.02 《退潮周期情绪仍需等待恢复，ETF 净 流 入 国 防 军 工 — — 行 业 轮 动 周 报 20250525》 – 2025.05.26 《ETF 大幅流出红利，成长 GRU 行业因 子得分提升较大——行业轮动周报 20250518》 – 2025.05.19 《各大宽基指数成功补缺，融资资金大 幅净流出银行，GRU 模型偏防守——行 业轮动周报 20250511》 - 2025.05.12 《上证指数振幅持续缩小，目标仍为补 缺，机器人 ETF 持续净流入——行业轮 动周报 2 ...

Group 1: Industry Trends - The restaurant industry is experiencing a trend of cross-industry expansion, with various companies diversifying their offerings, such as Zhou Hei Ya launching a coconut water brand and Haidilao opening new types of food outlets [1] - New players like Sina are entering the competitive restaurant market, indicating a shift in industry dynamics [2] Group 2: Company Developments - Sina has launched its own rice brand, Sina Rice, under its agricultural sector, with a focus on self-developed rice products and brand incubation since its establishment in 2016 [4] - The company has opened offline stores for Sina Rice, with positive customer engagement and sales reported, including over 40,000 orders on JD's delivery platform [4] - The transition to a rice brand is part of Sina's broader strategy for diversification following its delisting in 2021, as stated by CEO Cao Guowei [7] Group 3: Market Analysis - The entry of Sina and other brands like Guirenniao into the rice market raises questions about the viability of such cross-industry ventures, especially given the perceived low barriers to entry in the food and beverage sector [8] - Sina's move into the rice market is compared to previous attempts by other companies to diversify, with mixed results observed in the past [10]

Group 1 - The core viewpoint indicates that the non-ferrous materials sector has underperformed compared to the broader market, with a notable decline in various sub-sectors such as rare earths and gold [2][4] - COMEX gold futures closed at $3363.20 per ounce, down $69.4 per ounce, a decrease of 2%, while COMEX silver futures fell to $35.78 per ounce, down $0.5 per ounce, a decline of 1.38% [3][4] - Industrial metals showed slight price increases, with LME copper settling at $9945 per ton, reflecting a weekly increase of 3% [3][4] Group 2 - The non-ferrous materials sector saw a decline of 3.3%, with rare earths down 6.02% and gold down 5.34%, while aluminum remained stable [2][4] - Prices for various industrial metals, including LME aluminum and zinc, experienced weekly increases of 1.8% and 2%, respectively, while LME nickel saw a decrease of 1.34% [3][4] - The price of lithium carbonate and lithium hydroxide continued to decline, with lithium hydroxide prices dropping below 60,000 per ton, indicating potential losses for companies without cost advantages [3][4]

金融工程 | 金工定期报告 金融工程 证券研究报告 量化择时周报：如期调整，止跌信号看什么？ 如期调整，止跌信号看什么？ 上周周报(20250615)认为：短期市场宏观不确定性增加和指数在震荡格局 上沿位置的压制下，风险偏好较难快速提升，继续维持中性仓位。最终 wind 全 A 全周表现先扬后抑，下跌 1.07%。市值维度上，上周代表小市值股票 的中证 2000 下跌 2.22%，中盘股中证 500 下跌 1.75%，沪深 300 下跌 0.45%， 上证 50 下跌 0.1%;上周中信一级行业中，表现较强行业包括银行、综合金 融，银行上涨 3.13%，医药、纺织服装表现较弱，医药下跌 4.16%。上周成 交活跃度上，石油石化资金流入明显。 从择时体系来看，我们定义的用来区别市场整体环境的 wind 全 A 长期均 线（120 日）和短期均线（20 日）的距离继续扩大，最新数据显示 20 日 线收于 5130，120 日线收于 5075 点，短期均线继续位于长线均线之上， 两线差值由上周的 0.99%扩大至 1.09%，距离绝对值继续小于 3%，市场继续 处于震荡格局。 风险提示：市场环境变动风险，模型基于历 ...

福建三木集团股份有限公司 审计委员会工作细则 第一条 为充分发挥福建三木集团股份有限公司（以下简称"公司"）公司 董事会决策功能，做到事前审计、专业审计，确保董事会对经营层的有效监督， 完善公司治理结构，根据《中华人民共和国公司法》（下称"公司法"）、 《上市公司治理准则》、《福建三木集团股份有限公司章程》（下称"《公司 章程》"）、《福建三木集团股份有限公司董事会议事规则》（下称"董事会 议事规则"）及其他有关规定，公司特设立董事会审计委员会，并制定本工作 细则。 第二条 董事会审计委员会是董事会设立的专门工作机构，主要负责公司内、 外部审计的沟通、监督和核查工作。 （经2025年6月20日公司第十届董事会第三十五次会议审议通过） 第一章 总则 第三条 审计委员会履行职责时，公司应当提供必要的工作条件，公司管理 层及相关部门须给予配合，配备专门人员或者机构承担审计委员会的工作联络、 会议组织、材料准备和档案管理等日常工作。董事、高级管理人员应当如实向 审计委员会提供有关情况和资料，不得妨碍审计委员会行使职权，保证审计委 员会履职不受干扰。审计委员会行使职权所必需的费用，由公司承担。 第二章 人员组成 第七条 ...

福建三木集团股份有限公司 董事会议事规则 二〇二五年六月 目 录 福建三木集团股份有限公司 董事会议事规则 第一章 总则 第二章 董事会办公室和董事会秘书 第四条 董事会下设董事会办公室，处理董事会日常事务，负责董事会议案、 文件的收集、起草和管理工作。 第五条 董事会设董事会秘书，是公司高级管理人员，负责公司股东会和董事 会会议的筹备、文件保管、董事会印章保管以及公司股东资料管理、办理信息披 露事务等事宜。 第三章 会议的召集 第六条 董事会会议分为定期会议和临时会议。 第七条 董事会每年至少召开两次会议。 第八条 有下列情形之一的，董事会应当召开临时会议： 按照前条规定提议召开董事会临时会议的，应当通过董事会办公室或者直接 向董事长提交经提议人签字（盖章）的书面提议。书面提议中应当载明下列事项： 第一条 为进一步规范福建三木集团股份有限公司（以下简称"公司"）董事 会的议事方式和决策程序，促使董事和董事会有效地履行其职责，提高董事会规 范运作和科学决策水平，根据《中华人民共和国公司法》（以下简称《公司法》） 《中华人民共和国证券法》等法律、行政法规和相关规范性文件，以及《福建三 木集团股份有限公司章程》（ ...

General Provisions - The company aims to protect the legal rights of shareholders, employees, and creditors while regulating its organization and behavior according to relevant laws and regulations [1][2] - The company is established as a joint-stock limited company in accordance with the Company Law and other relevant regulations [1][2] - The company was approved by the Hunan Provincial Government and registered with the Hunan Market Supervision Administration, obtaining a business license [1][2] - The company was approved by the China Securities Regulatory Commission to issue 15 million shares of RMB ordinary shares to the public in 1996 and was listed on the Shenzhen Stock Exchange [1][2] Company Structure - The company has a registered capital of RMB 543,582,655.00 [1][2] - The company is a permanent joint-stock limited company [2] - The legal representative of the company is the director who executes company affairs [2] Business Objectives and Scope - The company's business objectives include pursuing excellence, continuous innovation, and diversified operations, with a focus on scientific management and economic benefits [3] - The company's business scope includes real estate, tourism, hotel and industrial investment, and various retail activities, excluding financial services [3][4] Share Issuance - The company's shares are issued in the form of stocks, adhering to principles of openness, fairness, and justice [5][6] - The total number of shares issued by the company is 543,582,655.00, all of which are ordinary shares [5][6] Shareholder Rights and Responsibilities - Shareholders have rights to dividends, participate in shareholder meetings, supervise company operations, and access company documents [11][12] - Shareholders are obligated to comply with laws and regulations, pay for their subscribed shares, and not misuse their rights to harm the company or other shareholders [15][16] Shareholder Meetings - The company holds annual and temporary shareholder meetings, with the annual meeting occurring within six months after the end of the previous fiscal year [48] - Shareholder meetings are the company's decision-making body, responsible for electing directors, approving financial reports, and making significant corporate decisions [46][48] Voting and Resolutions - Resolutions at shareholder meetings can be ordinary or special, with ordinary resolutions requiring more than half of the voting rights and special resolutions requiring two-thirds [80][82] - Certain significant matters, such as amendments to the articles of association and capital changes, require special resolutions [82][83]

Group 1 - The company, Jinglan Technology Co., Ltd., is providing a guarantee for a loan of up to 10 million RMB to its wholly-owned subsidiary, Indium Target Technology (Yunnan) Co., Ltd., with a loan term of 36 months and an interest rate not exceeding 4.5% [1][3] - The board of directors approved the guarantee and pledge for the loan with a unanimous vote of 7 in favor, complying with relevant regulations and not requiring shareholder approval [2] - The total external guarantee balance after this loan will be 89 million RMB, which represents 13.39% of the company's latest audited net assets as of December 31, 2024 [4] Group 2 - Indium Target Technology engages in various activities including metal casting, recycling, and technology services, indicating a diverse operational scope [2] - The company reported total assets of approximately 43.56 million RMB and a net profit loss of about 541,935.67 RMB for the audited period [3] - The chairman of the company, Ma Liyang, is also providing a personal guarantee for the loan, further securing the financial arrangement [3][4]

中炬高新技术实业（集团）股份有限公司章程 中炬高新技术实业（集团）股份有限公司 章 程 （草案） 中炬高新技术实业（集团）股份有限公司章程 目 录 第 1 页 共 46 页 中炬高新技术实业（集团）股份有限公司章程 第一章 总 则 第一条 为维护中炬高新技术实业（集团）股份有限公司（以下简称公司、 本公司）、股东、职工和债权人的合法权益，规范公司的组织和行为，根据《中 华人民共和国公司法》（以下简称《公司法》）、《中华人民共和国证券法》 （以下简称《证券法》）和其他有关规定，制定本章程。 第二条 公司系依照《公司法》和其他有关规定成立的股份有限公司。 公司经广东省企业股份制试点联审小组和广东省体改委以粤联审办199270 号 文批准，以定向募集方式设立；在广东省工商行政管理局注册登记，取得营业 执照，营业执照号：4400001000306。公司已按照《国务院关于原有有限责任公 司和股份有限公司依照〈公司法〉进行规范的通知》规定，对照原《公司法》 进行了规范，并依法履行了重新登记手续。取得广东省工商行政管理局颁发的 营业执照，注册号：440000000000276。公司已根据《国务院办公厅关于加快推 进"三证合 ...