合纵科技股份有限公司 第一章 总 则 第一条 为加强合纵科技股份有限公司（以下简称"公司"）对外投资管理， 控制投资方向，规范投资行为，提高投资收益，降低投资风险，根据《中华人民 共和国公司法》《中华人民共和国证券法》等有关法律、法规和《合纵科技股份 有限公司章程》（以下简称"《公司章程》"）的规定，特制订本办法。 第二条 本办法所指对外投资是指公司为实现扩大生产经营规模的战略，达 到获取长期收益为目的，将货币资金、实物、无形资产等作价出资，以获得股权、 经营管理权及其他权益的经营活动。主要包括委托理财、委托贷款、投资新建全 资子公司、向子公司追加投资、与其他单位进行联营、合营、兼并或进行股权收 购、转让、项目资本增减等。 第三条 对外投资分为短期投资和长期投资。 短期投资主要指：公司购入的能随时变现且持有时间不超过一年(含一年)的 投资，包括各种股票、债券、基金等。 长期投资主要指：公司出资在一年以上不能随时变现或不准备变现的各种投 资，包括债券投资、股权投资和其他投资等，包括但不限于： （1）公司独立兴办的企业或独立出资的经营项目； （2）公司出资与其他境内、外独立法人实体成立合资、合作公司或开发项 目； ...

Core Points - The document outlines the regulations for managing financial transactions between the company and its related parties to prevent fund occupation and protect the interests of the company and its stakeholders [1][2][3] - It defines both operational and non-operational fund occupation, emphasizing that related parties must not harm the company's interests [2][3] - The company is required to establish a long-term mechanism to prevent fund occupation by related parties [1][2] Group 1: Definitions and Regulations - "Related parties" are defined in accordance with existing regulations, including controlling shareholders and actual controllers [1] - Non-operational fund occupation includes various forms of financial support to related parties without genuine transactions [2] - The company must not provide funds to related parties through specified prohibited methods, including covering expenses or debts for them [8][9] Group 2: Financial Management Procedures - The board of directors is responsible for overseeing financial transactions with related parties, ensuring compliance with regulations [5][6] - The financial department must verify payment documents and ensure they align with company governance standards before processing payments [14][15] - Regular audits and checks are mandated to monitor and report on fund transactions with related parties [22][24] Group 3: Accountability and Legal Measures - The board must take action against related parties that occupy company assets, including seeking compensation for losses [26][28] - A mechanism is established to freeze shares held by controlling shareholders in cases of asset occupation [29] - Violations of these regulations by related parties will lead to legal actions and potential compensation claims [27][28]

Core Viewpoint - The article discusses the launch of the "Oriental Red Hui Xuan Growth" fund by Oriental Red Asset Management, highlighting its investment strategy, management fees, and the performance of its fund manager, Xu Xijia [1][2][4]. Fund Details - The "Oriental Red Hui Xuan Growth" fund is a mixed equity fund set to be publicly offered from June 10, 2025, to September 9, 2025, with a minimum fundraising target of 200 million shares [2]. - The fund aims for long-term stable asset appreciation while strictly controlling investment risks, with a performance benchmark comprising 85% of the CSI 800 Index, 5% of the Hang Seng Index (adjusted for exchange rates), and 10% of the China Bond Total Index [2]. - The fund will invest 60%-95% of its assets in stocks, including a 0%-50% allocation to Hong Kong Stock Connect stocks, utilizing a multi-factor stock selection model [2]. Management Fees - The management fee for the "Oriental Red Hui Xuan Growth" fund is set at an annual rate of 1.2% based on the previous day's net asset value [4][2]. Fund Manager Profile - Xu Xijia, the proposed fund manager, has a Ph.D. in Finance from Temple University and extensive experience in asset management and investment banking [4]. - Xu currently manages two active equity funds, both initiated in 2024, and has a history of managing various index and mixed funds [5][6]. Performance Analysis - As of June 9, 2025, the "Oriental Red Quantitative Stock A" fund managed by Xu has achieved a return of 6.78% this year, outperforming its benchmark by over 7 percentage points [7]. - In contrast, the "Oriental Red Dividend Quantitative Stock A" fund has seen a decline of 0.62% since its inception in August 2024, underperforming its benchmark by over 9 percentage points [7].

Core Insights - The Schneider Electric Innovation Summit 2025, themed "Co-creation, Win-win, Co-existence," highlights the rapid development of the renewable energy industry and the challenges faced in transitioning to a new power system driven by carbon neutrality goals [2] Group 1: Technological Advancements - Schneider Electric emphasizes breakthroughs in electrification and digitalization to enhance the reliability of electrical equipment, utilizing a three-layer technical architecture for proactive and preventive operations [2] - The new generation of medium-voltage smart vacuum circuit breakers, EvoPacT HVX, and various digital software products optimize energy dispatch and improve efficiency through AI algorithms [4] - The company has established five R&D centers and AI innovation labs in China to enhance local product development and respond to market needs [6] Group 2: Sustainability Initiatives - Schneider Electric integrates sustainable development into its core practices, promoting technologies like microgrid collaboration to increase the share of green electricity and assist clients in reducing costs and enhancing efficiency [7] - The company aims for carbon neutrality in operations by 2025, zero-carbon readiness by 2030, and net-zero emissions across the entire value chain by 2050 [7] - As of Q4 2024, sustainable impact revenue accounted for 74% of total global revenue, helping clients save and reduce 679 million tons of carbon emissions [7] Group 3: Collaborative Ecosystem - Schneider Electric's "Co-creation, Win-win, Co-existence" philosophy fosters a diversified ecosystem of cooperation, enhancing innovation and market expansion through partnerships [8] - The company promotes healthy competition and effective management to avoid negative competition, ensuring a collaborative market environment for all participants [9] - Schneider Electric is committed to growing alongside its partners, aiming to build a prosperous and symbiotic industry ecosystem [9]

2025年以来上市的创业板新股平均网上中签率更是低至0.0182%。另外，从年内情况来看，今年1月 份，创业板新股平均网上中签率为0.0206%，今年5月份创业板新股平均网上中签率降为0.0178%。 从北交所来看，中签率亦出现下降趋势。2025年以来上市的北交所新股平均网上中签率为0.07%，较 2024年0.0987%的平均网上中签率水平明显下降。 【导读】太火，2025年以来上市的主板新股平均网上中签率仅0.0299%！ 今年以来，打新火热，中签似乎变得更"难"了。 Wind数据显示，2025年以来主板上市的新股平均网上中签率为0.0299%，较2024年0.0470%的平均网上 中签率水平明显降低。创业板新股今年以来平均网上中签率更是低至0.0182%。 新股中签率下降，或与打新赚钱效应提升，参与打新人数增加有关。从市场表现来看，今年A股打新的 赚钱效应显著回升。数据显示，截至6月9日，年内A股市场已有45只新股上市，无一只出现破发，且38 股上市首日收盘涨幅超过100%，占比超八成。江南新材上市首日涨幅最高超600%，天工股份、星图测 控等上市首日涨幅超400%。 | 序号 | 名称 | 上市日期 ...

百利电气(600468)今日涨停，全天换手率27.84%，成交额24.41亿元，振幅13.20%。龙虎榜数据显示， 机构净卖出4470.09万元，沪股通净买入5244.81万元，营业部席位合计净卖出8380.85万元。 上交所公开信息显示，当日该股因日涨幅偏离值达9.64%、日换手率达27.84%上榜，机构专用席位净卖 出4470.09万元，沪股通净买入5244.81万元。 证券时报·数据宝统计显示，上榜的前五大买卖营业部合计成交5.35亿元，其中，买入成交额为2.30亿 元，卖出成交额为3.06亿元，合计净卖出7606.13万元。 具体来看，今日上榜的营业部中，共有1家机构专用席位现身，即卖四，合计净卖出4470.09万元，沪股 通为第二大买入营业部，买入金额为5244.81万元，合计净买入5244.81万元。 近半年该股累计上榜龙虎榜10次，上榜次日股价平均涨2.86%，上榜后5日平均涨11.60%。 资金流向方面，今日该股主力资金净流出2.57亿元，其中，特大单净流出1.70亿元，大单资金净流出 8654.31万元。近5日主力资金净流入1.17亿元。 4月28日公司发布的一季报数据显示，一季度公司共实现 ...

今日共65股涨停，连板股总数13只，36股封板未遂，封板率为64%（不含 ST股、 退市股）。焦点股方 面， 核电板块再度活跃， 百利电气走出16天9板，高位人气股 合锻智能、 中超控股涨停；体育产业链 午后大涨， 共创草坪晋级6连板， 康力源20CM涨停。 ...

Group 1 - The Chinese government is enhancing its focus on state-owned enterprises, directing capital towards key industries related to national security and public services [2] - The Shanghai Stock Exchange is promoting higher dividend payouts and increased frequency of dividends among listed companies to enhance investment value [1] - The Ministry of Industry and Information Technology is pushing for the integration of artificial intelligence in manufacturing to accelerate smart upgrades in key industries [1] Group 2 - Vanke A announced that Shenzhen Metro Group plans to provide a loan of up to 3 billion yuan to the company [2] - Longi Green Energy's shareholder HHLR plans to reduce its stake by up to 0.5% [3] - BlueFocus Communication Group is planning to issue H-shares and list on the Hong Kong Stock Exchange [2][3]

证券研究报告·行业跟踪周报·电力设备 电力设备行业跟踪周报 海外算力催化利好 AIDC，欧洲电动车再超 预期 增持（维持） [Table_Tag] [Table_Summary] 投资要点 2025 年 06 月 08 日 证券分析师 曾朵红 执业证书：S0600516080001 021-60199793 zengdh@dwzq.com.cn 证券分析师 阮巧燕 执业证书：S0600517120002 021-60199793 ruanqy@dwzq.com.cn 研究助理 许钧赫 执业证书：S0600123070121 xujunhe@dwzq.com.cn 行业走势 -14% -10% -6% -2% 2% 6% 10% 14% 18% 22% 26% 2024-6-11 2024-10-9 2025-2-6 2025-6-6 电力设备 沪深300 相关研究 《马斯克回归 Optimus 量产在即，汽 车反"内卷式"竞争》 2025-06-02 《关税缓和需求小幅向上，固态新技 术如火如荼》 2025-06-02 东吴证券研究所 1 / 43 请务必阅读正文之后的免责声明部分 ◼ 电气设备 6714 上 ...

本周共有18只个股涨幅30%。金陵体育本周累计涨幅达88.24%居首。此外，本周汇金股份、共创草坪、金时科技等累计涨幅均超40%。消息面上，体育消费 板块近期走势活跃，金陵体育在互动平台表示，苏超联赛有部分场地使用了公司的足球比赛器材。 本周涨超30%的个股中，按所属行业统计，轻工制造有4股上榜，其次是通信、医药生物和计算机，均有3股上榜。 跌幅榜中，本周仅4股累计跌幅超20%，龙津退累计跌幅达36.28%居首。 多图速览>> 本周（6月2日至6日）的五个交易日中，A股三大指数均累计上涨，沪指累计涨1.13%，深证成指涨1.42%，创业板指涨2.32%。板块概念方面，体育足球概念 股表现强势，创新药、数字货币板块活跃。 | 指数 | 周五涨跌幅 | | 周五收盘点数 周五成交额 (亿元) | 近一 | | --- | --- | --- | --- | --- | | 上证指数 | 0.04% | 3382 | 4527 | | | 深证成指 | -0.19% | 10184 | 6992 | 1. | | 北证50 | -0.53% | 1427 | 254 | 1. | | 科创20 | -0.48% | ...