Market Overview - A-shares maintained a narrow fluctuation, while Hong Kong stocks experienced a slight decline, with major indices showing mixed results [1] - The Shanghai Composite Index rose by 0.07% to 3342.93 points, while the Shenzhen Component fell by 0.04% to 10025.31 points, and the ChiNext Index increased by 0.02% to 1992.13 points [1] - The total trading volume in the Shanghai and Shenzhen markets reached 667.9 billion yuan [1] Sector Performance - The pharmaceutical, real estate, and brokerage sectors saw declines, with nearly 3500 stocks in the market showing losses [1] - The pet economy concept experienced a pullback, with Tianyuan Pet and Meinong Biological dropping nearly 10% [1] - The unmanned logistics vehicle concept was active, with Debang Logistics hitting the limit up for two consecutive days and Feilida rising over 8% [1][3] - The nuclear power concept surged again, with Rongfa Nuclear Power achieving a limit up for four consecutive days, and Changcheng Electric and Huijin Tong also recording three consecutive limit ups [1][10] Unmanned Vehicle Sector - The low-speed unmanned logistics vehicle market is expanding from closed scenarios to open urban distribution, with a potential replacement market of 2.85 million commercial vehicles and over 10 million existing commercial vehicles [5] - The market for unmanned logistics vehicles is expected to accelerate growth, with projected deliveries reaching tens of thousands by 2025, and a potential market size exceeding 100 billion yuan if penetration in the last-mile delivery market exceeds 17% [5] New Consumption Sector - The "new consumption" stocks continued to perform strongly, with Kuaijishan hitting the limit up and reaching a historical high, having increased approximately 75% over the past eight trading days [7] - Other stocks in the new consumption sector, such as Huanlejia and Junyao Health, also saw significant gains, with Huanlejia hitting a 20% limit up [8] Nuclear Power Sector - The nuclear power sector saw renewed interest, with Tianli Composite rising over 18% and Jiusong Electric increasing over 13% [10] - Rongfa Nuclear Power has achieved four consecutive limit ups, while Changcheng Electric and Huijin Tong have recorded three consecutive limit ups [10][12] - Analysts predict that the demand for natural uranium will increase due to the expansion of nuclear energy in the U.S., leading to a tightening supply-demand balance and a potential long-term price increase for natural uranium [12]

28日早盘，A股维持窄幅震荡走势；港股冲高回落，两大股指小幅下挫。 具体来看，三大股指盘中震荡回落，随后发力拉升。截至午间收盘，沪指微涨0.07%报3342.93点，深证成指跌0.04%报 10025.31点，创业板指涨0.02%报1992.13点，沪深北三市合计成交6679亿元。 场内近3500股飘绿，医药、地产、券商等板块走低；宠物经济概念回落，天元宠物、美农生物跌近10%。无人物流车概念活 跃，德邦股份连续两日涨停，飞力达涨超8%；无人环卫车概念亦拉升，玉禾田一度涨停，启迪环境、侨银股份等均涨停；核 电概念再度爆发，融发核电连续4日涨停，长城电工、汇金通斩获3连板；值得注意的是，"新消费"概念延续强势，会稽山连续 3日涨停续创新高，欢乐家20%涨停，均瑶健康收获3连板。 无人驾驶概念爆发 无人物流车、环卫车等无人驾驶概念盘中强势拉升，截至午间收盘，玉禾田涨超19%，盘中一度涨停；博世科涨近12%，盘中 一度涨停，云内动力、通达电气斩获3连板，启迪环境、德邦股份等亦涨停。 | 代码 | 名称 | | · 涨幅% | 现价 | 涨跌 | 采价 | 卖价 | 总量 | | --- | --- | --- | ...

Core Viewpoint - The company emphasizes its commitment to serving the real economy and aligning with national strategies, focusing on alternative investments to support key sectors and strategic developments [1][2][3][4][5][6] Group 1: Financial Services to the Real Economy - The company has provided over 340 billion yuan in long-term funding for major strategic projects and key areas, leveraging its advantages in long-term capital [1] - The company aims to build a first-class alternative investment institution with strong professional and innovative capabilities [1] Group 2: Technological Finance - The company has established a 10 billion yuan equity investment fund focused on building a modern industrial system, supporting key sectors like advanced manufacturing and strategic emerging industries [2] - 43% of the companies in the equity fund portfolio are "specialized, refined, distinctive, and innovative" enterprises, while 55% are high-tech companies [2] Group 3: Green Finance - The company actively supports the dual carbon strategy and has set up a green finance/ESG committee to enhance its green finance initiatives [3] - Investments include 57 billion yuan in nuclear power projects and leading electric vehicle companies, promoting energy structure optimization and green transportation [3] Group 4: Pension Finance - The company is advancing the silver economy by establishing pension funds and investing in high-quality pension real estate projects [4] - Investments in the pharmaceutical sector include support for innovative medical devices and companies that enhance public health [4] Group 5: Inclusive Finance - The company provides long-term funding support to SMEs in various sectors, including new information technology and high-end equipment manufacturing [5] - A recent investment of 2 billion yuan in Huaron Financial Leasing is aimed at supporting key economic sectors through leasing debt [5] Group 6: Digital Finance - The company is committed to the digital transformation of financial institutions, enhancing services for the digital economy [6] - Investments in AI and digital infrastructure are being made to support industry transformation and safety [6]

5月28日，A股三大指数分化，沪指窄幅震荡微涨；截至午间收盘，沪指涨0.07%，深证成指跌0.04%， 创业板指涨0.02%。 华泰证券观点：当前，市场进入日历效应指引的缺失期，上行及下行风险的能见度都较低，"上有顶、 下有底"或仍将是市场短期的基准运行状态。 盘面上热点快速轮动，个股跌多涨少，全市场超3400只个下跌。从板块来看，核电股再度走强，长城电 工等涨停。无人环卫车概念股集体大涨，劲旅环境等多股涨停。饮料制造概念股维持强势，会稽山等涨 停。下跌方面，宠物经济概念股展开调整，天元宠物跌近10%。板块方面，可控核聚变、饮料制造、垃 圾分类、深海科技等板块涨幅居前，电商、宠物经济、CRO、影视等板块跌幅居前。 展望后市，东方证券指出，整体来看，短期市场以震荡调整为主，沪综指3300-3400点区间整理。 热门板块 1、无人物流车概念活跃 无人物流车概念反复活跃，带动无人环卫车方向爆发，云内动力、通达电气、劲旅环境、福龙马、德邦 股份涨停，大地电气、玉禾田、科捷智能、通行宝涨超10%。 点评：消息面上，今年以来，多家聚焦物流场景的自动驾驶企业完成融资，如白犀牛获顺丰联合投资2 亿元，计划在50城部署2000 ...

Group 1: Stock Performance - Several stocks related to autonomous driving and nuclear power have shown significant price increases, with notable performances including: - Jinglv Environment with a 9.99% increase over two days [3] - Qiaoyin Co. with a 9.98% increase on its first board [3] - Qi Di Environment with a 10.11% increase on its first board [3] - Longcheng Electric with a 10.01% increase over three days [6] - Ruanfa Nuclear Power with a 9.99% increase over four days [6] Group 2: Industry Trends - The nuclear fusion industry is gaining traction, with a report from FIA indicating that 26 out of 37 surveyed companies believe the first nuclear fusion unit will be connected to the grid by 2035 [5] - The logistics sector is seeing increased investment in autonomous vehicles, with companies like Baixiniu securing 200 million yuan for deploying 2,000 unmanned vehicles across 50 cities [7] Group 3: Market Insights - The consumer market is showing signs of recovery, with the National Bureau of Statistics reporting a 4.7% year-on-year increase in total retail sales from January to April 2025, and a 5.1% increase in April alone [15] - The deep-sea technology sector is highlighted as having significant untapped potential, with 95% of global deep-sea areas yet to be developed [13]

汇金通亦提示，公司生产经营活动正常，主营业务未发生变化，市场环境或行业政策没有发生重大变 化，内外部经营环境均未发生重大变化。公司未发现对公司股票交易价格可能产生重大影响的媒体报道 或市场传闻。 消息面上，5月23日，美国总统特朗普签署4项行政命令推动美国核能产业改革，包括扩大美国核能规 模、核能产业链、缩短核电项目审批周期等；此举或吹响美国核电复兴号角。 核电概念28日盘中再度走强，截至发稿，久盛电气涨超16%，天力复合涨逾13%再创新高，利柏特、长 城电工、汇金通、融发核电、雪人股份等均涨停。 值得注意的是，融发核电已连续4个交易日涨停，长城电工、汇金通均斩获3连板，雪人股份近4日收获3 个涨停板。 长城电工27日晚间提示，公司生产经营均正常，市场环境、行业政策未发生重大调整、生产成本和销售 等情况未出现大幅波动、内部生产经营秩序正常。公司2024年年度实现归属于上市公司股东的净利润与 上年同期相比，仍然出现亏损。 浙商证券认为，特朗普新政将进一步强化全球核电发展叙事蓝图，带动产业资本开支强度提升，作为核 电燃料，天然铀将显著受益此次远期核电需求预期增长，且天然铀供需偏紧格局或将进一步强化，天然 铀长牛可 ...

Summary of the Conference Call for 应流股份 Company Overview - 应流股份 is involved in multiple sectors including gas turbines, aviation engines, and nuclear power, with a focus on expanding its market presence and enhancing profitability through increased capacity utilization and product development [2][9][10]. Key Industry Insights Gas Turbine Sector - The gas turbine business has seen record revenue and orders, with a forecast upgrade for fiscal year 2025 due to rising electricity demand in Europe, India, and the US, particularly for small to medium-sized gas turbines [2][3]. - Potential signed projects in the gas turbine sector could reach 10 to 20 GW, indicating strong overseas order demand [2][3]. - The supply chain for gas turbine blades is tight, with core suppliers operating at full capacity, which is affecting the availability of blades for gas turbines [2][5]. Aviation Engine Sector - The aviation engine market is experiencing significant growth, driven by domestic demand for large aircraft and opportunities in Southeast Asia [6][12]. - The market size for aviation engines exceeds 100 billion RMB, with strong demand from clients like 吉祥航空, 赛峰, and 罗罗 [12]. - 应流股份 has established strategic agreements with major clients, indicating a robust pipeline for future orders [12]. Nuclear Power Sector - The nuclear power industry has seen a continuous increase in approved projects since 2019, with the share of nuclear energy in total power generation rising from approximately 4% in 2018 to about 5% currently [7][8]. - 应流股份 is well-positioned in the nuclear sector, with expected revenue growth from 4.2 to 5 billion RMB in 2025, reflecting the industry's upward trajectory [15][16]. Financial Performance - 应流股份 has shown a consistent improvement in profitability, with a significant increase in orders, particularly in the gas turbine sector, where total orders reached approximately 1.2 billion RMB [10][11]. - The company’s gross margin has improved, benefiting from capacity release and cost dilution effects [2][9]. - The expected growth rate for the nuclear power sector is between 10% to 20%, with potential for even higher growth [10]. Strategic Developments - 应流股份 has a comprehensive product coverage in gas turbine blades, with over 700 models and more than 100 projects under development [11]. - The company is focusing on domestic substitution opportunities in the heavy-duty segment, which could enhance its competitive position [5]. - The capital expenditure has been steadily increasing, indicating ongoing investments in capacity and technology [13]. Market Outlook - The overall market sentiment for the gas turbine and aviation engine sectors remains positive, with expectations for significant growth in the coming years [10][14]. - 应流股份 is strategically positioned to benefit from both domestic and international market trends, with a focus on expanding its market share in the gas turbine and aviation engine sectors [10][18]. Conclusion - 应流股份 is poised for substantial growth across its key sectors, supported by strong demand, strategic partnerships, and a focus on innovation and capacity expansion. The company’s financial health and market positioning suggest a promising outlook for investors [2][9][18].

Market Overview - The index continues to experience fluctuations, targeting the 3200-point mark, with the banking sector supporting the index while brokerage and internet finance sectors remain volatile [1] - Short-term themes are characterized by extreme volatility, with many stocks showing one-day performance, indicating a lack of sustained momentum [1][2] Sector Performance - The nuclear power sector, despite significant external investment and domestic policy support, faced heavy selling pressure, leading to weak performance of key stocks like Shanghai and Lanstone [1] - The overall sentiment in the market remains low, with expectations of further adjustments as the index approaches 3200 points [2] High-Quality Sectors - The chemical and electric power sectors are identified as the only viable high-quality sectors for investment, with strong underlying logic supporting their performance [3] - The electric power sector benefits from increased demand due to rising temperatures and the growth of data centers, while the chemical sector is expected to see long-term gains due to global trade tensions and supply chain issues [3] ETF Performance - Food and beverage ETF (515170) has seen a recent decline of 1.34% with a market cap of 55.8 billion, indicating a net outflow of 100.8 million [5] - Gaming ETF (159869) has decreased by 2.80% with a market cap of 57.0 billion, showing a significant net outflow of 2633.3 million [5] - Cloud computing ETF (516630) has experienced a decline of 1.83% with a market cap of 5.5 billion, reflecting a net outflow of 408.1 million [6]

Group 1 - The nuclear power sector is experiencing a resurgence driven by global nuclear power revival and anticipated uranium resource shortages, leading to significant stock price increases for related companies [1][2] - Companies like Zhongchao Holdings and Shangwei Co. have seen their stock prices rise for four consecutive trading days, with Zhongchao Holdings' stock price increasing by 129.78% in a single day [1][2] - Despite the bullish trend, there is a notable divergence within the sector, with large-cap stocks in midstream nuclear construction experiencing pullbacks while small-cap stocks related to upstream materials and components continue to surge [1][3] Group 2 - The recent price rebound of uranium, from $65 per pound to $71 per pound, is attributed to structural shortages in the uranium market, with Goldman Sachs predicting a shortfall of 130 million pounds by 2040 [2] - The nuclear power sector's activity is also influenced by favorable policies in the U.S. and increasing energy demands driven by AI and small modular reactors [3] - Some companies in the sector, such as Zhongchao Holdings and Shangwei Co., have reported significant losses, with Zhongchao Holdings and Shangwei Co. posting net losses of 2.02379 million yuan and 1.44943 million yuan respectively in Q1 [4][5] Group 3 - The performance of companies involved in nuclear power projects is mixed, with some reporting declining revenues and profits, such as Shangwei Co. which saw a 21.39% drop in revenue and a 20.06% decrease in net profit in 2024 [5] - The total operational and under-construction nuclear power units in China reached 102, with a total installed capacity of 113 million kilowatts, maintaining the top position globally for two consecutive years [5] - Companies like China Nuclear Engineering have shown strong growth, with their nuclear engineering revenue increasing from 10.4 billion yuan in 2020 to 32.2 billion yuan in 2024, reflecting a compound annual growth rate of 43% [5]

智通财经5月27日电，市场早盘震荡调整，创业板指领跌。沪深两市半日成交额6105亿，较上个交易日 缩量366亿。盘面上热点集中在消费和医药两大方向，个股跌多涨少，全市场超3500只个下跌。从板块 来看，新消费股集体走强，饮料、IP经济等方向领涨，均瑶健康等多股涨停。医药股一度冲高，华森制 药涨停。化纤股震荡走强，苏州龙杰涨停。下跌方面，核电股展开调整，久盛电气等多股跌超5%。板 块方面，饮料制造、化纤、IP经济、中药等板块涨幅居前，PEEK材料、CPO、核电、苹果概念等板块 跌幅居前。截至收盘，沪指跌0.33%，深成指跌0.87%，创业板指跌0.98%。 午评：创业板指半日跌近1% 新消费股逆势大涨 ...