时间: 2025年6月10日星期二 容知日新688768 56.18分综合得分 较强 趋势方向 主力成本分析 50.38 元 当日主力成本 49.25 元 5日主力成本 47.86 涨停 元 20日主力成本 49.96 元 60日主力成本 周期内涨跌停 过去一年内该股 0次 跌停 0 次 技术面分析 49.95 短期压力位 47.43 短期支撑位 52.52 中期压力位 仪器仪表 -0.97%、数字孪生 -1.26%、工业互联 -1.34%、人工智能 -1.22%等 46.01 中期支撑位 资金流数据 股价突破短期压力位，短线有望走强； 目前中期趋势不慎明朗，静待主力资金选择方向 K线形态 2025年06月10日的资金流向数据方面 ★平顶★ | 主力资金净流入208.56万元 | | --- | | 占总成交额6% | | 超大单净流入0.00元 | | 大单净流入208.56万元 | | 散户资金净流出138.15万 | 温和的反转 关联行业/概念板块 ★多方炮★ 在底部出现有上涨可能，在中间出现有可能是上涨中继，顶部出现是复合见顶信号 风险提示：以上内容仅作为作者或者嘉宾的观点，不代表和讯的任何立场，不构 ...

Core Viewpoint - The company has approved a guarantee for its wholly-owned subsidiary, Phoenix Technology, amounting to RMB 100 million, as part of its financial strategy to support the subsidiary's operational needs [2][3]. Summary by Sections Guarantee Approval - The board of directors has approved a proposal for external guarantees for the fiscal year 2025, allowing the company to provide joint liability guarantees for its subsidiaries, Phoenix Technology and Phoenix New Energy, totaling up to RMB 278.3186 million [2]. Guarantee Signing Details - A loan agreement has been signed between Electric Science Financial Company and Phoenix Technology, with a loan amount of RMB 100 million for a one-year term [2][3]. Financial Overview of the Subsidiary - As of May 31, 2025, the total assets of Phoenix Technology are RMB 117,654.49 million, with total liabilities of RMB 102,592.17 million, resulting in a net asset value of RMB 15,062.32 million [4]. Necessity and Reasonableness of the Guarantee - The guarantee is deemed necessary for the operational needs of the wholly-owned subsidiary, which is performing well and has a good debt repayment capacity, making the overall risk manageable [4][5]. Cumulative Guarantee Situation - As of the announcement date, the total external guarantees provided by the company and its subsidiaries amount to RMB 278.3186 million, which represents 58.56% of the company's audited net assets from the previous year, with no overdue guarantees reported [5][6].

近期，安捷伦公布了截至2025年4月30日的第二季度财报。该季度收入为16.7亿美元，与 2024年第二季度相比增长6.0%，核心业务增长5.3%。 特别提示 微信公众号机制调整，请点击顶部"仪器信息网" → 右上方"…" → 设为 ★ 星标，否则很可能无 法看到我们的推送。 分业务看， AMG 营收3.01亿美元，同比下滑1.3%，环比下滑10.9%； LDG营收6.54亿美 元，同比增长8.3%，环比增长1.1%； ACG营收7.13亿美元，同比增长7.4%，环比增长 2.4%。 2025财年和第三季度展望 全年收入前景目前在67.3亿美元至68.1亿美元之间，报告增长3.4%至4.6%，同时保持 2.5%至3.5%的核心收入（1）。非GAAP每股收益预计在5.54美元至5.61美元之间。 第三季度收入前景预计在16.45亿美元至16.75亿美元之间，报告增长4.2%至6.1%，核心增 长1.7%至3.6%。非GAAP每股收益预计在每股1.35美元至1.37美元之间。 第二季度GAAP净收入为2.15亿美元，即每股0.75美元。相比之下，2024年第二季度为3.08 亿美元，即每股1.05美元。本季度非G ...

Group 1 - Financial resources are accelerating towards the technology innovation sector, with 271,800 technology-based SMEs receiving loans, achieving a loan rate of 49.6%, an increase of 3.6 percentage points year-on-year [1] - Commercial banks are innovating mechanisms and optimizing financial service models to enhance the precision and effectiveness of financial services for technology finance, acting as a catalyst for innovation [1] Group 2 - In Suzhou, Innovent Biologics has become an industry leader with over 2 billion yuan in annual R&D investment, transitioning from a cash-burning phase to a successful commercialization of its first cancer drug, supported by a 250 million yuan syndicated loan from China Construction Bank [2] - The biopharmaceutical industry is a key sector in Suzhou, with China Construction Bank innovating the "Pipeline Loan" to match the long R&D cycles of new drugs, serving over 600 key biopharmaceutical enterprises with credit limits exceeding 16 billion yuan [2] Group 3 - Traditional bank loan products often fail to meet the long R&D cycles of technology SMEs, prompting banks to innovate credit mechanisms and develop long-term loan products to support technology innovation [3] - Shanghai Pudong Development Bank provided several million yuan in medium to long-term R&D loans to a leading logistics robot company, demonstrating the flexibility of financial support [3] Group 4 - Agricultural Bank of China introduced "Kejie Loan" for small and micro technology enterprises, allowing for online self-service financial products that utilize intellectual property and innovation scores to determine credit limits [4] - This innovation helps activate intangible assets, transforming patents into financial resources for companies facing funding challenges [4] Group 5 - Industrial and Commercial Bank of China provided a 10 million yuan intellectual property pledge loan to a high-tech enterprise in Guizhou, facilitating the conversion of core patent technologies into development momentum [5][6] Group 6 - The Ningbo Graphene Innovation Center's shareholder highlighted the challenges of obtaining loans due to a lack of traditional collateral, prompting China Construction Bank to innovate a specialized evaluation system for technology enterprises [7] - This system allowed for a rapid provision of 130 million yuan in credit to support the commercialization of new materials [7] Group 7 - Zhejiang Commercial Bank launched a "Talent Bank" that incorporates a talent value assessment system to provide credit support based on team members' academic achievements and industry experience, addressing the financing difficulties of asset-light technology enterprises [8] - The bank has supported over 4,000 high-level talent enterprises with a financing balance of 34.5 billion yuan [8]

Core Insights - The company Xiaoguangzi (Wuhan) Technology Co., Ltd. has successfully developed the DWARF3 smart telescope, which is priced under 3000 yuan and has gained popularity in over 70 countries, leading to a supply-demand imbalance [1][2] - The founding team, composed of graduates from Huazhong University of Science and Technology, initially gained traction with a low-cost mobile microscope that became a hit in the education and science popularization sectors [1][2] - The company has expanded its workforce to nearly 100 employees, with over 70% holding master's or doctoral degrees, and is currently scaling up production in a cleanroom facility [3] Product Development - The DWARF3 telescope features an automatic shooting function based on user feedback, allowing users to set a time for the telescope to automatically operate and capture images [2] - The team built an AI model from scratch to enable the telescope to recognize and track celestial bodies, enhancing user experience and accessibility [2] - The company faced significant challenges in scaling production due to the high precision required for core components, leading them to develop in-house manufacturing capabilities [2] Market Position and Growth - The product has gained traction in global astronomy communities, positioning the company as a bridge between amateur astronomers and high-quality astronomical observation tools [2] - The company has received support from local government initiatives, including subsidies for participating in international exhibitions [4] - The team has maintained strong customer engagement, with numerous positive interactions and feedback from users, indicating a growing community around their products [4]

全工业行业库存周期转向"主动去库存"。 上游行业（即采矿业，仅占全部库存的 2%）："主动去库存"_2025.04 中游行业（即中上游制造业，占全部库存的 54%）："主动去库存"_2025.04 下游行业（即下游制造业与水电气，占全部库存的 43% ）："主动去库存"_2025.04。 统计口径误差。数据统计大多为抽样，恐与现实情况有些许出入。 敬请参阅最后一页特别声明 1 | 1. | 库存周期概览 | 3 | | --- | --- | --- | | 2. | 库存周期概览（分行业） | 8 | | | 风险提示 | 9 | | 图表 | 1： | 工业企业产成品存货同比下降 0.3 | 个百分点至 3.9% _2025.04 | 3 | | --- | --- | --- | --- | --- | | 图表 | 2： | 库存周期的四阶段论 | | 3 | | 图表 | 3： | 全部工业行业："主动去库存"_2025.04 | | 4 | | 图表 | 4： | 上游行业（即采矿业，仅占全部库存的 | 2%）："主动去库存"_2025.04 | 5 | | 图表 | 5： | 中游行业（即中上游 ...

导读： 回看过往三年的营收数据，虽有一定程度的下滑，但聚焦技术创新、海外市场拓展、细分赛道发力等维度来看，行业长期向好趋势未改，发展空间依旧广 阔。 特别提示 微信机制调整，点击顶部"仪器信息网" → 右上方"…" → 设为 ★ 星标，否则很可能无法看到我们的推送。 日前，仪器信息网发布了" 2 0 2 4年国内上市仪器营收排行榜"及" 2 0 2 5年中国上市仪器公司市值排行榜"，从不同维度对4 0余家国内上市仪器企 业的经营状况、市场表现进行了深入解读。 回看过往三年，科学仪器行业可谓在"冰与火"的淬炼中砥砺前行。 一方面，后疫情时代，受全球供应链波动、经济下行以及复杂的地缘政治环 境等因素影响，部分传统应用领域的需求受到抑制，运营成本显著提高，市场不确定性加剧；另一方面，贴息贷款引爆千亿级仪器市场、大规 模设备更新重启增长"引擎"，贸易战下"国产替代"正在加速从"政策口号"迈向"技术落地"…… 在此背景下，仪器信息网特别统计了4 6家国内上市仪器企业近三年（2 0 2 2 - 2 0 2 4年）营收及增速变化情况，希望能够为行业人士提供有价值的 参考。 # 0 1 、看近三年总体营收数据 注：仪器信息网 ...

证券研究报告 | 2025年06月09日 公用环保 202506 第 2 期 优于大市 国家能源局组织开展新型电力系统建设第一批试点工作，2025 年 4 月工业级混 合油（UCO）出口量价双升 市场回顾：本周沪深 300 指数上涨 0.88%，公用事业指数下跌 0.13%，环 保指数上涨 0.46%，周相对收益率分别为-1.01%和-0.42%。电力板块子 板块中，火电下跌 0.97%；水电下跌 1.47%，新能源发电下跌 0.45%；水 务板块上涨 0.16%；燃气板块上涨 1.18%；检测服务板块上涨 0.98%。 重要事件：国家能源局组织开展新型电力系统建设第一批试点工作。要求聚 焦新型电力系统有关前沿方向，依托典型项目开展单一方向试点，依托 典型城市开展多方向综合试点，探索新型电力系统建设新技术、新模式， 推动新型电力系统建设取得突破。坚持重点突破；坚持因地制宜；坚持 创新引领，鼓励采用新技术、新模式；坚持全程管理，做好试点项目的 申报优选、组织实施、效果评估、推广应用等全过程管理。提出了关于 构网型技术、系统友好型新能源电站、智能微电网、算力与电力协同、 虚拟电厂、大规模高比例新能源外送、新一代煤 ...

Core Viewpoint - The legal opinion letter from Shanghai Jintiancheng Law Firm confirms that Suzhou Su Shi Testing Group Co., Ltd. is qualified to implement its third employee stock ownership plan in compliance with relevant laws and regulations [2][5][18]. Group 1: Company Overview - Suzhou Su Shi Testing Group Co., Ltd. was established through the overall change of Suzhou Su Shi Testing Instrument Co., Ltd. and is a publicly listed company on the Shenzhen Stock Exchange since January 22, 2015, with stock code 300416 [3][4]. - The company has a registered capital of 508.547806 million RMB and operates in the development, manufacturing, and sales of various testing instruments and related services [4]. Group 2: Employee Stock Ownership Plan (ESOP) Details - The third employee stock ownership plan allows for the acquisition of up to 7.059793 million shares, representing 1.39% of the company's total share capital [9]. - The plan's duration is set for 48 months, with shares unlocking in three phases based on performance assessments, specifically at 12, 24, and 36 months [8][9]. - Participants in the plan include key personnel such as directors (excluding independent directors), supervisors, senior management, and core technical staff, with a total of no more than 500 participants [6][9]. Group 3: Compliance and Procedures - The company has completed necessary internal review procedures and information disclosure obligations as required by laws and regulations, ensuring no insider trading or market manipulation occurs [5][6]. - The plan is based on voluntary participation, with no forced allocation of shares to employees, adhering to the principle of self-responsibility for investment risks [6][7]. - The company has established a management committee to oversee the plan, ensuring independent operation and protection of participants' rights [10][17]. Group 4: Future Steps and Obligations - The company must still fulfill certain legal procedures, including holding a shareholder meeting to approve the plan, requiring a majority vote from non-related shareholders [13][18]. - Ongoing information disclosure obligations will continue as the plan progresses, in accordance with relevant laws and regulations [18].

Group 1: Sound Pen Technology - The company Oubino Biotechnology is showcasing its self-developed single-cell sorting system, Soundpen CB, at the upcoming Shanghai International Technology Import and Export Fair [2] - The Soundpen CB utilizes acoustic tweezers technology to separate cell suspensions into individual cells, which is crucial for applications in biomedicine, tissue engineering, and synthetic biology [2] - The system achieves a single-cell rate and viability of 90%, significantly improving the single-cell rate by 5 to 6 times compared to traditional dilution methods [2][3] Group 2: Cost Efficiency and Innovation - Oubino has reduced production costs through meticulous control of raw materials and manufacturing processes, offering products at prices significantly lower than competitors, with consumables priced at only one-third of competitors' prices [3] - The company has applied for over 20 invention patents covering core technologies such as acoustic manipulation and cell enrichment, and has established deep collaborations with top research institutions globally [3] Group 3: Lithium Battery Production - Micronano (Shanghai) Industrial Intelligent Technology Co., Ltd. is addressing challenges in lithium battery production with over 170 patented technologies, focusing on vacuum automation and intelligent equipment [4] - The company will present two key devices at the fair: a lithium electrode sheet forming machine and a desktop semi-automatic stacking machine, both designed to enhance the quality and consistency of lithium battery components [4] - Micronano has successfully developed experimental equipment for solid-state batteries and is collaborating with major companies like LG, CATL, BYD, and Volkswagen, while also expanding its operations internationally [5]