Core Points - The company, Haiyue Energy Group Co., Ltd., will enter a delisting transition period starting June 16, 2025, with the last trading day expected to be July 4, 2025 [1][2] - After the delisting transition period, the Shanghai Stock Exchange will delist the company's stock within five trading days [1][3] - The company will not plan or implement any major asset restructuring during the delisting transition period [4][5] Trading Details - The stock will trade under the code 600387 and the name "Delisting Haiyue" during the transition period [2][3] - The first trading day will have no price fluctuation limit, while subsequent days will have a limit of 10% [3] - The transition period consists of 15 trading days, and if there are full-day suspensions, the last trading date may be postponed [2][3] Share Buyback Plan - The company plans to repurchase shares with an amount between RMB 30 million and RMB 50 million, with a maximum price of RMB 2.00 per share [2][4] - The company cannot conduct share buybacks on the first day of the delisting transition period, and there is a risk that the buyback plan may not be executed if the stock price exceeds the buyback price limit [4][5] - Company executives and major shareholders have confirmed no plans to reduce their holdings during the buyback period and the following three to six months [5]

海越能源集团股份有限公司 第十届董事会第十一次会议决议公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 股票代码：600387 股票简称：*ST 海越 公告编号：2025-044 海越能源集团股份有限公司（以下简称"公司"）第十届董事会第十一次会 议于 2025 年 6 月 13 日以通讯表决方式召开，会议通知于 2025 年 6 月 9 日以直 接送达或电子邮件等方式送达各位董事。公司全体董事参加了会议，会议召开符 合《公司法》《公司章程》的规定。 与会董事就会议议案进行了认真审议，并进行逐项表决，会议审议通过了如 下议案，形成如下决议： 根据控股股东提议，为了维护广大投资者利益，公司拟通过集中竞价方式回 购公司部分社会公众股份。 本次回购股份的实施期限为自公司董事会审议通过回购方案且公司股票复 牌后起至退市整理期结束之日（预计为 2025 年 6 月 16 日至 2025 年 7 月 4 日）。 本次回购金额下限人民币 3,000 万元（含）,回购金额上限人民币 5,000 万元 （含）。 本次回购股份的价格为不 ...

证券代码：000883 证券简称：湖北能源 公告编号：2025-043 湖北能源集团股份有限公司 本 公 司 2024 年 年 度 权 益 分 派 方 案 为 ： 以 公 司 现 有 总 股 本 税；扣税后，通过深股通持有股份的香港市场投资者、QFII、RQFII 以及持有首发前限售股的个人和证券投资基金每10股派0.90元；持有 首发后限售股、股权激励限售股及无限售流通股的个人股息红利税实 行差别化税率征收，本公司暂不扣缴个人所得税，待个人转让股票时， 根据其持股期限计算应纳税额【注】；持有首发后限售股、股权激励 限售股及无限售流通股的证券投资基金所涉红利税，对香港投资者持 有基金份额部分按10%征收，对内地投资者持有基金份额部分实行差 别化税率征收）。 【注：根据先进先出的原则，以投资者证券账户为单位计算持股 期限，持股1个月（含1个月）以内，每10股补缴税款0.20元；持股1个 月以上至1年（含1年）的，每10股补缴税款0.10元；持股超过1年的， 不需补缴税款。】 二、股权登记日与除权除息日 本次权益分派股权登记日为：2025年6月19日 本公司及董事会全体成员保证信息披露的内容真实、准确和完整，没有 ...

Report Industry Investment Rating No relevant content provided. Core View of the Report Based on macro - fundamental and technical analysis, the report predicts the trend of various futures on June 10, 2025, including股指期货,国债 futures, precious metals futures, base metals futures, energy futures, and chemical futures, and gives resistance and support levels [2][3]. Summary by Directory 1. Futures Market Outlook - **Stock Index Futures**: IF2506, IH2506, IC2506, and IM2506 are expected to oscillate strongly on June 10, 2025, with specific resistance and support levels provided. For the whole of June 2025, they are also expected to have a generally strong - oscillating trend [2][19]. - **Treasury Bond Futures**: The ten - year T2509 and thirty - year TL2509 are likely to oscillate strongly on June 10, 2025, with corresponding resistance and support levels [3][39]. - **Precious Metals Futures**: Gold futures AU2508 are expected to oscillate and consolidate on June 10, 2025, while silver futures AG2508 are likely to oscillate strongly and may hit a new high. For June 2025, gold futures are expected to have a wide - range strong - oscillating trend, and silver futures are expected to oscillate strongly and break through key resistance levels [3][45][50]. - **Base Metals Futures**: Copper (CU2507), aluminum (AL2507) futures are expected to oscillate strongly on June 10, 2025, while alumina (AO2509), zinc (ZN2507), nickel (NI2507), rebar (RB2510), hot - rolled coil (HC2510), iron ore (I2509) futures are likely to oscillate weakly. Different resistance and support levels are given for each [3][4][5]. - **Energy Futures**: Crude oil futures SC2507 are expected to oscillate strongly on June 10, 2025, with specific resistance and support levels. For June 2025, it is expected to have a wide - range strong - oscillating trend [5][95]. - **Chemical Futures**: PTA (TA509) futures are expected to oscillate and consolidate on June 10, 2025, while PVC (V2509), methanol (MA509), and natural rubber (RU2509) futures are likely to oscillate weakly, with corresponding resistance and support levels [7][101][103]. 2. Macro Information and Trading Tips - **Sino - US Economic and Trade Consultation**: The first meeting of the Sino - US economic and trade consultation mechanism was held in London on June 9 and continued on June 10 [8]. - **Domestic Policies**: The General Offices of the CPC Central Committee and the State Council issued an opinion on improving people's livelihood, and the State Council carried out a special study on promoting the integration of scientific and technological innovation and industrial innovation [8][9]. - **Economic Data**: In May, China's CPI decreased both month - on - month and year - on - year, and PPI was still at a low level. In the first five months, China's total import and export value increased by 2.5% year - on - year, with exports growing by 7.2% and imports decreasing by 3.8% [8][9]. - **International News**: The US Senate Republicans plan to propose a revised tax and healthcare bill, the US may hit the debt ceiling between mid - August and late September, and consumer inflation expectations in the US decreased in May [10]. 3. Commodity Futures - Related Information - **International Futures Market**: On June 9, international precious metals futures closed mixed, and international oil prices strengthened. The first recycled metal futures option, cast aluminum alloy, was listed on the Shanghai Futures Exchange on June 10 [12]. - **Exchange - Rate Information**: Hong Kong will maintain the linked exchange rate system, and the on - shore RMB against the US dollar rose on June 9. The US dollar index fell, and non - US currencies generally rose [12][13][14]. 4. Futures Market Analysis and Outlook - **Stock Index Futures**: On June 9, IF2506, IH2506, IC2506, and IM2506 all showed a trend of opening higher, rising and then falling back, with different degrees of increase. The A - share market oscillated and rebounded, and the Hong Kong stock market was strong [14][15][16][17]. - **Treasury Bond Futures**: On June 9, the ten - year T2509 and thirty - year TL2509 both showed a trend of opening higher, rising and then falling back, with different degrees of increase. The central bank carried out 1738 billion yuan of 7 - day reverse repurchase operations, resulting in a net investment of 1738 billion yuan [36][41]. - **Precious Metals Futures**: On June 9, gold futures AU2508 fell, while silver futures AG2508 rose and hit a new high [45][50]. - **Base Metals Futures**: On June 9, copper, aluminum, alumina, zinc, nickel, rebar, hot - rolled coil, and iron ore futures showed different trends of rise and fall [54][59][63][68][71][77][80][83]. - **Energy Futures**: On June 9, crude oil futures SC2507 rose [95]. - **Chemical Futures**: On June 9, PTA, PVC, methanol, and natural rubber futures showed different trends of rise and fall [101][103][105][108].

Group 1: Consumer Price Index (CPI) Insights - In May, the CPI decreased by 0.2% month-on-month and 0.1% year-on-year, indicating a marginal improvement in consumer prices due to consumption-boosting policies [1][4] - Food, tobacco, and alcohol prices increased by 0.1% year-on-year, contributing approximately 0.02 percentage points to the CPI increase, while energy prices fell by 6.1%, impacting the CPI decline by about 0.47 percentage points [4][5] - Core CPI, excluding food and energy, rose by 0.6% year-on-year, with the growth rate expanding by 0.1 percentage points compared to the previous month, reflecting a recovery in consumer demand [5][6] Group 2: Producer Price Index (PPI) Insights - In May, the PPI fell by 3.3% year-on-year, with the decline rate widening by 0.6 percentage points compared to the previous month, and a month-on-month decrease of 0.4% [1][7] - The decline in PPI is attributed to high base effects from the previous year and international input factors affecting domestic prices, particularly in the oil and gas sectors [7][9] - Certain industries, such as arts and crafts, footwear, and computer manufacturing, saw price increases, indicating a recovery in some sectors driven by consumer demand [7][9]

6月9日，国家统计局发布数据显示，5月份居民消费价格指数（CPI）环比下降0.2%，同比下降0.1%；工业生产者出厂价格指数（PPI）环比下降 0.4%，降幅与上月相同，同比下降3.3%，降幅比上月扩大0.6个百分点。 5月份"CPI-PPI"同比剪刀差扩大，反映出工业部门需求不济的情况有所加剧，但企业数据也反映部分行业供需关系有所改善，结构性特征更加明显，如宾馆住宿价 格环比涨幅创近十年同期新高、光伏、锂电等新能源行业供需关系有所改善。 市场机构分析认为，5月CPI环比由涨转降，持平于历史同期平均水平，而从PPI来看，输入性价格下行压力依然偏大。 能源价格影响拖累CPI表现 自3月以来，CPI连续三个月同比降幅为0.1%，环比看，5月CPI由涨转降。 国家统计局城市司首席统计师董莉娟介绍，能源价格是拖累CPI同比和环比表现的主要因素。从同比看，5月份能源价格同比下降6.1%，降幅比上月扩大1.3个百分 点，影响CPI同比下降约0.47个百分点。从环比看，能源价格下降1.7%，影响CPI环比下降约0.13个百分点，占CPI总降幅近七成。 而对CPI形成支撑的因素则是提振消费相关政策持续显效。同比看，扣除能源的 ...

Core Viewpoint - The article highlights a significant shift in global asset allocation, with a notable inflow into European equities and bonds, while Chinese equities are experiencing outflows, indicating a "seesaw" effect in the market dynamics [1][3][41]. Market Review - The successful outcome of the China-US-Switzerland talks on May 12 has significantly boosted global risk appetite, leading to an increase in global stock indices [10][41]. - The 20-year US Treasury auction on May 22 was poorly received, with the final yield surpassing 5%, raising concerns about US fiscal pressure [1][10]. Global Asset Performance - In May, equity assets generally rose, while US Treasury yields increased and the dollar weakened. The 10-year US Treasury yield rose by 24 basis points [2][13]. - Gold prices increased by 2.1%, and Brent crude oil rose by 1.7% during the same period [2][13]. Global Fund Flows - In May, there was a significant inflow of $215 billion into global money market funds, with developed market equities receiving $305 billion, while emerging market equities saw an outflow of $83 billion [3][20]. - Developed European fixed income and equity funds attracted inflows of $190 billion and $247 billion, respectively, indicating stronger performance compared to the US [3][20]. China Market Dynamics - By the end of May, global equity funds experienced an outflow of $88.5 billion from China, a reversal from the inflow of $198.3 billion in April [4][41]. - The outflow was primarily driven by passive ETFs, which saw a withdrawal of $82.5 billion in May compared to an inflow of $203.9 billion in April [4][41]. - In terms of sector performance, there was a significant inflow into technology, real estate, and materials, while telecommunications, consumer staples, and healthcare saw outflows [4][41]. Country Allocation - Global market funds reduced their allocation to US equities by 1.0 percentage points in April, while increasing allocations to European equities [5][41]. - The allocation to China remains stable at 26.4%, indicating potential for further growth [5][41]. Emerging Markets - Emerging market funds saw a decrease in allocation to Chinese equities, with a drop of 1.6 percentage points compared to March, while the allocation to Indian equities also decreased [5][41]. - In May, emerging market equity funds experienced a net outflow of $45 billion, with China being the primary contributor to this outflow [43][46].

Core Viewpoint - Sun Guangxin, the richest man in Xinjiang, has seen his wealth shrink significantly from 470 billion yuan in 2019 to 290 billion yuan in 2025, facing numerous challenges in his business empire, Guanghui Group [4][7][24]. Group 1: Wealth Status - Sun Guangxin ranks as the richest man in Xinjiang with a wealth of 290 billion yuan, placing him 918th globally according to the 2025 Hurun Global Rich List [4][8]. - His wealth has decreased by 90 billion yuan over the past two years, dropping from 380 billion yuan in 2023 to 290 billion yuan in 2025, and 180 billion yuan from his peak in 2019 [8][9]. - The competition in Xinjiang has intensified, with the Mi Enhua family of Hualing Industrial Group now matching Sun's wealth [4][8]. Group 2: Business Empire - Guanghui Group, founded by Sun Guangxin, has diversified into various sectors including energy, logistics, real estate, and automotive services [9][16]. - Guanghui Group has been recognized as one of the top 500 companies in China for over 20 years and has been included in the Global 500 for seven consecutive years from 2017 to 2023, with total assets of 2,471.93 billion yuan and revenue of 2,146.03 billion yuan in 2023 [17][24]. - The group holds significant stakes in several listed companies, including Guanghui Energy, ST Guangwu, Guanghui Baoxin, and Hejin Investment, which collectively form a substantial capital matrix [10][9]. Group 3: Challenges Faced - Guanghui Energy, a core asset of Guanghui Group, reported a revenue drop of 40.72% to 364.41 billion yuan and a net profit decline of 42.6% to 29.61 billion yuan in 2024 [19][20]. - ST Guangwu has also faced declining performance, with a revenue decrease of 24.23% and a net profit drop of 12.76% in the previous year [20][21]. - Guanghui Baoxin's market value is only 2.44 billion Hong Kong dollars, and it has reported significant revenue and profit declines, with a net loss in the latest financial period [21][24]. Group 4: Personal Background and Business Journey - Sun Guangxin started his career with a mere 3,000 yuan after leaving the military and quickly made a name for himself in the machinery sales business [13][14]. - He successfully expanded into various sectors, including the restaurant industry and oil trade, achieving significant sales milestones early in his career [15][16]. - Over the years, he has built Guanghui Group into a major player in multiple industries, demonstrating a keen business acumen and adaptability to market changes [16][24].

Group 1: Global Economic Outlook - UBS expects global economic growth to gradually slow down in the second half of 2025, with healthy balance sheets and low default rates supporting spread stability [1] - The anticipated spread for EU investment-grade/high-yield bonds by December 2025 is projected at 100/325 basis points, despite potential market volatility from tariff news [1][2] - UBS's proprietary economic risk indicator has improved, challenging initial recession scenarios, although growth momentum is expected to fade later in the year [2] Group 2: ECB and Monetary Policy - UBS forecasts a 25 basis point rate cut by the ECB in June to 2.0%, aligning with market expectations, with another potential cut in July to 1.75% [3] - The ECB is expected to prioritize growth support while navigating inflation uncertainties, particularly in light of potential retaliatory tariffs from the EU [3] Group 3: Credit Market Dynamics - The Purchasing Managers' Index (PMI) showed a slowdown in May, but manufacturing activity remains positive, with private sector credit growth recovering [4] - Low default rates (approximately 1.5%) and strong fundamentals are supporting the resilience of credit spreads, despite ongoing trade uncertainties [4] Group 4: Sector-Specific Insights - Investment-grade financial bonds are seen as an ideal choice compared to corporate bonds, with energy and basic industries being the most sensitive to tariff news [1][7] - The capital goods and utilities sectors are viewed as defensive, while the technology sector is experiencing increased volatility due to specific risks [7] Group 5: Trade News Impact - Following the announcement of tariffs, credit spreads initially widened but did so in an orderly manner without panic selling [6] - UBS anticipates increased volatility around tariff news in the summer, particularly after the 90-day pause period ends [6] Group 6: Investment Opportunities - In the context of rising market volatility due to tariff news, opportunities in sensitive sectors are increasingly driven by individual stock performance rather than macro factors [8] - Companies with strong balance sheets and low breakeven points in the energy sector are better positioned, while those with high leverage face greater risks [8] Group 7: Credit Market Trends - The orderly widening of spreads around the "Liberation Day" reflects investor preparedness, with a significant amount of cash buffer available to manage tariff announcements [9] - UBS predicts a rotation of funds from U.S. to EU markets, with credit valuations remaining well-supported [9] Group 8: Financial Sector Performance - The financial sector has outperformed, supported by strong earnings from core European banks, despite some weakness in interest income and non-performing loans [10][11] - UBS maintains a constructive but cautious outlook on the financial sector, anticipating moderate issuance in the investment-grade primary market [11] Group 9: Technical Market Conditions - Investment-grade corporate bond issuance reached a historical high of 56% in May, driven by positive tariff news and strong investor demand [13] - UBS expects a healthy supply dynamic for financial bonds, particularly in AT1 and T2 bonds, supporting the market's technical backdrop [13] Group 10: Private Credit Market Outlook - UBS notes unique supportive factors in the European private credit market, including stronger EBITDA growth compared to the U.S. and improving interest coverage ratios [14] - The European private credit market is expected to remain resilient, with ample dry powder available to support liquidity and mitigate hard defaults [14]

Group 1 - The core focus of the recent research conducted by the State-owned Assets Supervision and Administration Commission (SASAC) is on enhancing product and service value, resource integration, and promoting high-end industrial development [1][2] - "Focusing on core responsibilities and main businesses" is a recurring theme, emphasizing the need for companies to concentrate resources and efforts on their primary sectors to achieve sustainable and high-value growth [2][3] - The term "integration" has been frequently mentioned, indicating a strategic move to consolidate resources towards main businesses and emerging industries, enhancing core competitiveness [3][4] Group 2 - Key core technologies, including automotive-grade chips and machine tool technologies, are highlighted as critical areas of focus for state-owned enterprises (SOEs) to strengthen their competitive edge [4][5] - Companies are encouraged to foster collaboration with research institutions and industry partners to accelerate technological advancements and optimize product structures [4] - The emphasis on high-end, intelligent, and green development is aimed at transforming traditional industries and enhancing overall efficiency [4][5]