Fundraising Overview - The company raised a total of RMB 1,949,999,998.04 through a private placement of 147,503,782 shares at a price of RMB 13.22 per share, with a net amount of RMB 1,895,263,317.66 after deducting issuance costs [1] - As of May 31, 2025, the remaining balance of the 2016 fundraising is RMB 334,609,069.35, held in dedicated fundraising accounts [2][3] Project Completion and Fund Surplus - The "Foreign Trade Vehicle Industrialization Construction Project" has completed all construction and passed the necessary inspections, with a total budget of RMB 420 million and an actual surplus of RMB 139.2968 million, including interest income of RMB 83.0944 million [3][4] - The surplus was primarily due to cost savings from budget reductions, efficient procurement, and minimal project management fees [4] Use of Surplus Funds - The company plans to permanently supplement its working capital with the surplus funds of RMB 139.2968 million, which will be used for daily operational needs [5] - The board of directors and supervisory board approved the proposal to use the surplus funds, which will be submitted for shareholder approval [5] Independent Financial Advisor's Opinion - The independent financial advisor, CITIC Securities, confirmed that the project completion and the decision to use surplus funds for working capital comply with relevant regulations and do not harm shareholder interests [5]

男生普通话版 下载mp3 女声普通话版 下载mp3 粤语版 下载mp3 西南方言版 下载mp3 东北话版 下载mp3 上海话版 下载mp3 今日优选 传美加协议可能在下周达成、欧美关税谈判在朝正确方向推进 美国5月"小非农"远低于预期、服务业近一年来首次萎缩 特朗普再度喊话鲍威尔降息，透露普京将对俄机场遭袭事件做出重大回应 据悉沙特拟推动欧佩克+继续加速增产 新型电力系统建设第一批试点工作开展 A股延续反弹趋势，三大指数全线收涨，整体呈现普涨格局。截止收盘，沪指涨0.42%，深成指涨0.87%，创业板指涨1.11%。沪深两市全天成交额1.15万亿 元，较上个交易日放量116亿元。盘面上，全市场超3900只个股上涨。算力产业链强势反弹，太辰光涨超14%，中际旭创、华脉科技等跟涨。大消费板块全 天活跃，盐津铺子一度涨近7%创历史新高，乐惠国际、香飘飘等多股涨停。固态电池板块爆发，科恒股份、龙蟠科技、传艺科技等多股涨停。稀土板块全 天走强，广晟有色涨停，中科磁业，大地熊跟涨。物流、航空机场、军工装备板块跌幅居前。 乘联分会：预估5月新能源乘用车批发销量同比增38% 香港证监会考虑为专业投资者引入虚拟资产衍生品交易 ...

证券研究报告 | 策略专题报告 2025 年 6 月 3 日 增量资金相对均衡，大盘风格为主 ❑大类资产表现复盘：股票市场方面，全球股市普涨，美欧>港股＞A 股。外汇方面， 美元兑人民币汇率震荡下行，英镑兑美元大幅升值。大宗商品方面，原油、白银 价格上涨，黄金价格基本持平。原油价格快速上涨主要受益于 OPEC+增产节奏放 缓和美国库存超预期下降，以及地缘风险支撑。债市方面，美债利率持续上行， 中债利率震荡。 ——A 股流动性与风格跟踪月报（202506） ❑流动性与资金供需：6 月增量资金或有望温和净流入，各类资金或相对均衡。5 月 央行降准降息落地，MLF 加量续作，资金利率低位波动，资金面整体宽松，展望 6 月随着关税对经济的影响逐渐显现，资金面有望维持宽松。关税对美国通胀的影 响在 4 月的数据中仍不明显，市场对美联储降息预期整体降温，全年降息预期收 敛至 1-2 次，首次降息时点推迟至 9 月。5 月股票市场可跟踪资金紧平衡，各类增 量资金相对均衡。资金供给端，新发偏股基金规模有所收窄；市场冲高回落，ETF 转为净赎回；市场风险偏好有所改善，但融资资金仅小幅净流入。资金需求端， 重要股东净减持规模扩大 ...

Summary of Key Points from the Conference Call Industry Overview - The focus is on the drone and anti-drone equipment industry, particularly in the context of military applications and advancements in technology [1][2]. Core Insights and Arguments - The use of FPV drones by Ukraine to attack Russian bomber bases on June 1 demonstrates the increasing importance and effectiveness of drone warfare, with estimated losses to Russia reaching several billion dollars [1][2]. - This incident marks the first large-scale drone swarm attack on a strategic military target, highlighting the high cost-effectiveness of drone operations in modern warfare [1][2]. - The development of drone swarm technology and collaborative combat strategies is identified as a key focus area for future advancements in the industry [3]. Future Trends and Opportunities - Anti-drone systems are expected to become a crucial component of future air defense systems, indicating significant growth potential in this sector [4]. - China is noted for its leading position in drone technology, with rapid advancements in anti-drone technology [5]. Investment Recommendations - Suggested companies to watch in the anti-drone equipment sector include: - Sichuan Jiuzhou (self-developed complete anti-drone system) - Xinjingang - Guorui Technology - Nairui Radar - Lianchuang Optoelectronics - 6912 [6]. - Suggested companies in the drone sector include: - Zongheng Co. - Aerospace Electronics - Zhongwu Drone - Aerospace Rainbow [6]. Risk Factors - The unpredictability of geopolitical situations and technological developments poses risks to the industry [7].

A股军工装备板块盘初走高，纵横股份涨超11%，中天火箭涨超7%，烽火电子、中无人机涨超5%，星 网宇达、航天彩虹跟涨。 ...

| 全A | 涨 1116 | 平 134 | 跌 4158 A股成 | | --- | --- | --- | --- | | 序号 代码 | 名称 | 现价 | 涨跌 涨跌幅 | | 1 | 000001 上证指数 | 3347.49 c | -15.96 -0.47% | | 2 | 399001 深证成指 | 10040.63c | -86.58 -0.85% | | 3 | 899050 北证50 | 1408.69 c | -7.16 -0.51% | | 4 | 881001 万得全A | 5074.29 c | -42.21 -0.83% | | 5 | 000688 889000 | 977.03 c | -9.28 -0.94% | | 6 | 399006 创业板指 | 1993.19c | -19.36 -0.96% | | 1 | 000300 沪深300 | 3840.23 c | -18.47 -0.48% | 沪深两市全天成交额1.14万亿，个股跌多涨少，全市场超4100只个股下跌。 盘面上看，猪肉股全天强势，创新药、银行等板块涨幅居前；可控核聚变、机器人、无人驾驶等板块跌幅 ...

Market Overview - The market experienced a day of adjustment with the ChiNext index leading the decline, closing down 0.96%, while the Shanghai Composite Index fell by 0.47% and the Shenzhen Component Index decreased by 0.85% [1][3] - Over 4,100 stocks in the market declined, with total trading volume in the Shanghai and Shenzhen markets at 1.14 trillion yuan, a decrease of 46.2 billion yuan from the previous trading day [1] Sector Performance - Defensive sectors such as pig farming, innovative pharmaceuticals, banks, and CROs showed gains, while sectors like gold, glyphosate, controllable nuclear fusion, humanoid robots, environmental protection equipment, and consumer electronics faced declines [1][6] - The pig farming sector saw a boost due to news that the industry would not increase the number of breeding sows and would control the weight of fattening pigs to around 120 kg, which was confirmed by several pig farming companies [7] Investment Insights - The agricultural sector is viewed as a stable investment option due to its essential consumer goods nature and strong policy support, with expectations for continued performance from leading companies in the sector [9] - The pharmaceutical sector is experiencing a revival, supported by the recent approval of 11 new drugs by the National Medical Products Administration, covering various treatment areas including oncology and autoimmune diseases [9] - The military equipment sector is gaining attention due to policies supporting low-altitude economy development, with predictions of significant market growth in drone logistics [10] ETF Performance - Various ETFs related to agriculture, livestock, banking, and military equipment showed positive performance, indicating investor interest in these sectors [11] Market Sentiment - The market is expected to continue its oscillation, with a focus on policy developments and potential new investment opportunities as liquidity remains supportive [14]

创新药板块涨幅靠前，睿智医药20cm涨停，海南海药、联化科技、哈三联、华森制药等多股10cm涨停。消息面上，5 月29日，国家药品监督管理局批准了11款创新药物上市，相关研发成果涉及多个新药研发技术领域，覆盖了肿瘤、自 身免疫性疾病、代谢等多个治疗领域。其中，多款药品为相关领域"国内首款"或"国产首款"。 | 代码 | 名称 | 涨幅量 | 涨跌 | 现价 | | --- | --- | --- | --- | --- | | 300149 | 睿智医药 | +19.98% | +1.71 | 10.27 | | 688131 | 皓元医药 | +15.26% | +5.84 | 44.10 | | 300204 | 計泰神 | +15.02% | +3.46 | 26.50 | | 430047 | 诺思兰德 | +14.87% | +2.71 | 20.94 | | 688799 | 华纳药厂 | +12.94% | +5.31 | 46.36 | | 688488 | 艾迪药业 | +11.96% | +1.48 | 13.85 | | 000266 | 海南海药 | +10.07% | +0.56 | ...

5月30日，截至收盘，沪指跌0.47%，深成指跌0.85%，创业板指跌0.96%。 | 全A | 涨 1116 | 平 134 | 跌 4158 A股成 | | --- | --- | --- | --- | | 序号 代码 | 名称 | 现价 | 涨跌 涨跌幅 | | 1 | 000001 上证指数 | 3347.49 c | -15.96 -0.47% | | 2 | 399001 深证成指 | 10040.63c | -86.58 -0.85% | | 3 | 899050 北证50 | 1408.69 c | -7.16 -0.51% | | 4 | 881001 万得全A | 5074.29 c | -42.21 -0.83% | | 5 | 000688 889000 | 977.03 c | -9.28 -0.94% | | 6 | 399006 创业板指 | 1993.19 c | -19.36 -0.96% | | 7 | 000300 沪深300 | 3840.23 c | -18.47 -0.48% | 沪深两市全天成交额1.14万亿，个股跌多涨少，全市场超4100只个股下跌。 盘面上看 ...

Group 1: Convertible Bond Market - The core issue in the convertible bond market is the credit shock risk, which is deemed controllable despite a significant number of downgrades in 2024 due to a prolonged decline in the equity market [1][2] - In June 2024, 64 convertible bonds were downgraded, with a peak of 40 downgrades in June alone, compared to 25 and 26 in June 2022 and 2023 respectively, indicating a growing concern among investors [1][2] - The underlying reasons for the decline in convertible bonds include stricter delisting rules, exposure to credit risks, weakened expectations for underlying stocks, and a large number of bonds approaching their redemption period [1][2][3] Group 2: Industry Analysis - The aviation sector is expected to see improved profitability in Q2 2025, driven by high passenger traffic and rising ticket prices, despite a 17% drop in domestic aviation fuel prices [5][6] - OPEC+ is anticipated to accelerate production, which will enhance oil transportation demand and stabilize freight rates, with VLCC TCE rates remaining above $40,000 [6][7] - The highway sector is experiencing steady growth, with a 3.9% increase in personnel flow and a 5.4% increase in freight volume in Q1 2025, supported by policy optimizations and legislative changes [6][7] Group 3: Military Industry - The military sector is witnessing a decline, with China's first aircraft carrier undergoing sea trials and increased attention on the J-10CE fighter jet, which has gained international interest due to its cost-effectiveness [9][10] - The U.S. is investing significantly in missile defense systems, indicating a shift in defense strategies towards the Indo-Pacific region, which may lead to increased military spending [10][11] - The long-term outlook for the military industry remains positive due to escalating geopolitical tensions and the need for advanced military capabilities [11] Group 4: Southeast Asia Economic Trends - Southeast Asian economies are showing resilience, particularly in consumer sectors, with countries like Vietnam and Malaysia actively increasing exports, especially to the U.S. [13][14] - Stock markets in Southeast Asia have largely recovered from tariff impacts, with Vietnam and Indonesia performing better than Malaysia and Thailand [13][14] - There is a growing focus on semiconductor development in Southeast Asia, with countries enhancing support for this sector amid ongoing trade negotiations with the U.S. [13][14]