Group 1 - The China Securities High-end Equipment Sub-index 50 has shown a slight increase of 0.22%, with notable stocks such as Four Creation Electronics and Guorui Technology hitting the 10% limit up [1] - The High-end Equipment ETF (159638) has experienced a trading volume of 3.18% and a transaction value of 38.45 million yuan, with an average daily transaction of 58.34 million yuan over the past month [2] - The latest scale of the High-end Equipment ETF has reached 1.202 billion yuan, with a net inflow of 3.1062 million yuan recently [2] Group 2 - The top ten weighted stocks in the China Securities High-end Equipment Sub-index 50 account for 45.74% of the index, including companies like AVIC Optoelectronics and AVIC Shenyang Aircraft [2] - The 55th Paris Air Show is scheduled from June 16 to 22, showcasing China's growing military trade expectations with participation from 20 Chinese enterprises [2] - The defense budget in China is expected to maintain a growth rate of around 7%, indicating significant potential for future increases in defense spending, which is currently below 1.5% of GDP [3]

Group 1 - Xiamen Huaxia International Power Development Co., Ltd. is advancing the construction of its 5th unit, a 660,000 kW ultra-supercritical reheat steam turbine generator, to replace aging coal-fired units 1 and 2, which will transition to emergency backup status [1] - The new unit is expected to reduce coal consumption by approximately 17%, saving about 139,000 tons of standard coal annually and decreasing carbon dioxide emissions by around 361,000 tons [1] - The project is supported by favorable financing conditions, significantly alleviating the financial burden of equipment upgrades for Huaxia Power [1] Group 2 - The China Development Bank (CDB) Xiamen Branch is actively utilizing the People's Bank of China's re-lending policy to provide preferential credit support for technology innovation and equipment upgrades, facilitating a smoother transition for enterprises [2] - Since the implementation of the large-scale equipment update policy in March 2022, CDB has issued over 50 billion yuan in special loans to support advanced equipment production and capacity construction [2] Group 3 - The CDB Tianjin Branch is supporting Sinopec's Tianjin Nangang 1.2 million tons/year ethylene project, which aims to achieve full localization of key equipment and enhance the production capacity of high-end new materials [3] - The project is expected to increase the ethylene production capacity at the Tianjin base to 2.5 million tons/year upon completion in November 2024, significantly benefiting the downstream industry [3] Group 4 - Nanjing Process Equipment Manufacturing Co., Ltd. is advancing the industrial application of high-end manufacturing equipment, focusing on upgrading rolling functional components essential for CNC machine tools [4] - The CDB Jiangsu Branch is providing financial support to enhance the intelligence and efficiency of production lines, with an expected capacity increase of over 100% [4] - CDB plans to continue strengthening financing support for technology upgrades and equipment renewal to promote high-end, intelligent, and green development in the industry [4]

Core Insights - Nanchong is transitioning from traditional industries to new sectors, showcasing resilience and innovation in its industrial development [4][5] - The city is focusing on enhancing its chemical industry, leveraging its natural gas and oil resources to drive growth [4] - Nanchong's economic environment has improved significantly, attracting new businesses and fostering a collaborative ecosystem for industrial development [5] Industry Developments - Nanchong's chemical industry, particularly in 1,4-butanediol (BDO) and purified terephthalic acid (PTA), is expanding despite market challenges, with plans to increase BDO production capacity by 30,000 tons this year [4] - The city has established eight industry chain task forces to streamline policies and resources towards industrial growth [4] - In Q1, Nanchong's key industries, including chemicals and textiles, achieved a total output value of 22.55 billion yuan, marking a 15.6% year-on-year increase [5] New Technologies and Products - The first hydrogen-powered public bus developed by Geely in Nanchong can run 600 kilometers on a 10-minute refueling, highlighting advancements in clean energy vehicles [4] - Nanchong is also seeing innovations in the flexible circuit board sector and the development of high-tech living modules that utilize vacuum insulation technology [5] Talent and Workforce Development - Nanchong is prioritizing talent development to support its industrial growth, with initiatives to align vocational education with industry needs [5] - The city has established specialized institutions to train skilled workers, aiming to supply over 20,000 skilled talents annually from its vocational schools [5] - Local companies, such as Sanhuan Electronics, are expanding their workforce and production capabilities, driven by the availability of skilled labor in the region [5]

《方案》明确提出，鼓励企业突破关键核心技术，推动科技成果转化，对研发费用占比超10%或拥有国 家级研发机构的企业给予重点扶持；围绕新能源汽车、高端装备制造、新材料等重点领域，支持中小企 业对接龙头企业需求，增强产业链韧性和安全水平；对标"小巨人"标准，引导企业补齐短板，延伸优 势，成长为细分领域的"隐形冠军"。 广西当前拥有的国家级"小巨人"企业数量仅占全国总量的0.6%，排名中游。《方案》的出台，旨在通过 三年努力新增超200家专精特新企业，强化汽车、机械等六大新兴产业链配套率，构建"培育档、进阶 档、复核档"三级培育体系，建立自治区级提质进阶培育库，对入库企业实施分类管理并给予最高300万 元的奖励资金，为工业高质量发展夯实基础。未来3年，随着政策落地，广西有望在新能源汽车、新材 料等领域形成一批具有全国竞争力的企业集群，推动区域经济向新质生产力转型。 中化新网讯 近日，广西壮族自治区工业和信息化厅与财政厅联合印发《广西专精特新中小企业培优育 强提质进阶实施方案》（以下简称《方案》），明确2025年至2027年将通过政策引导、资金扶持、梯度 培育等举措，推动中小企业向专业化、精细化、特色化、新颖化方向进阶 ...

Core Insights - The 2025 Hong Kong-Macao Shandong Week aims to enhance cooperation between Shandong and Hong Kong, focusing on high-quality economic development and mutual benefits [1][2] - The event highlights the growing trade relationship, with Shandong's imports and exports to Hong Kong reaching 88.5 billion yuan, a 35.1% increase year-on-year [2] - Shandong is positioning itself as a key player in green and low-carbon development, inviting Hong Kong to participate in its new energy initiatives [3] Group 1: Economic Cooperation - Shandong and Hong Kong are committed to creating new economic dynamics and advantages through collaboration, leveraging Shandong's industrial strength and Hong Kong's international advantages [1] - The number of new Hong Kong investment enterprises in Shandong reached 739, with actual use of Hong Kong capital amounting to 8.59 billion USD, accounting for 72.7% of the province's foreign capital [2] - A total of 27 key cooperation projects with a total investment of 2.98 billion USD were signed during the event, covering various sectors including digital economy, green energy, and intelligent manufacturing [4] Group 2: Strategic Development - Shandong is focusing on building a new energy system and has surpassed coal power in renewable energy installations, leading coastal provinces [3] - The provincial government aims to deepen reforms and implement major industrial projects to enhance its economic position, with a focus on green and high-quality development [2][3] - The cooperation framework established since 2012 has facilitated multiple exchanges and collaborations, with a new memorandum signed to promote high-level openness and development [3]

广发证券 资深宏观分析师 王丹 bjwangdan@ gf.com.cn 广发宏观郭磊团队 据中采咨询（下同）， 5 月战略性新兴产业采购经理人指数（ EPMI ）环比上行 1.6 个点至 51.0 。 从环比看， 5 月 EPMI 季节性规律表现为以环比走弱为主， 2014-2024 年 5 月环比均值为 -3.5 个点。 摘要 第一， 5 月表征战略性新兴产业景气的 EPMI 环比上行 1.6 个点至 51.0 。从季节性规律来看， 3-4 月是工业旺季， 5 月一般初步转淡， EPMI 2014- 2024 年 5 月环比均值为 -3.5 个点，今年 5 月的小幅反弹算是超季节性。我们理解一是 5 月 7 日一揽子金融政策出台，对微观预期有一定提振；二是 5 月 12 日中美经贸会谈取得积极进展，双边关税出现较大幅度下调。 5 月经济基本面同时包含着我们前期所说的"对冲"和"冲回"两大线索。 第二， 分项指标看，出口订单带动产需均有修复，但价格冲击仍有影响。（ 1 ）生产、产品订货、出口订货指标环比分别上行 1.8 、 2.9 和 10.8 个点；（ 2 ）生产指标修复弱于需求端，显示企业仍保持一定审慎 ...

香港贸易发展局助理副总裁梁国浩对青岛和香港的合作充满信心。"香港是青岛重要的对外贸易合作伙 伴、第一大外资来源地和重要的国际化融资平台。两地经贸往来密切，合作基础深厚。"他表示，希望 发挥香港科技、金融、专业服务优势，助推青岛科技创新与产业创新融合发展，并深化两地在贸易、航 运物流和文化领域的合作，助力青岛企业优化产业链、供应链和增值链。 招商局集团表示在多个领域助力青岛高质量发展的过程中，与青岛结下了深厚情谊。招商局集团副总经 理邓仁杰致辞指出，青岛正从沿海传统城市化身开放前沿，从拥有深厚历史底蕴的海滨城市变成充满无 限机遇、激励创新创业的发展热土。"融入青岛，就是把握机遇；投资青岛，就是投资未来。"他表示， 招商局集团将发挥驻港央企优势，为"打造青港合作新样板"作出"招商贡献"。 据悉，此次交流会由青岛市人民政府主办，青岛市商务局承办，香港特别行政区政府投资推广署、香港 贸易发展局、香港总商会、香港中华总商会、香港中华厂商联合会、香港中华出入口商会、全港各区工 商联、香港青岛总会、香港青岛同乡联谊会等机构和商协会共同支持。涉及高端装备、新能源、现代金 融、生物医药等重点产业的多个项目在交流会上进行了集中签 ...

Group 1 - Cixing Co., Ltd. plans to acquire equity in Shenyang Shunyi Technology Co., Ltd. through issuing A-shares and cash payments, while also raising matching funds [1] - The acquisition is still in the planning stage, with significant uncertainties regarding the issuance of shares and cash payments [1] - Shenyang Shunyi, established in 2012, focuses on intelligent control technology and is recognized as a national high-tech enterprise and a key "little giant" enterprise [1] Group 2 - Cixing Co., Ltd. primarily engages in the research, production, and sales of intelligent knitting machinery, achieving a revenue of 2.218 billion yuan in 2024, a year-on-year increase of 9.16%, and a net profit of 284 million yuan, up 148.82% [2] - The company has previously attempted to diversify into other industries, such as its failed acquisition of Wuhan Minsheng New Technology Co., Ltd., which raised concerns about insider trading due to a significant stock price increase prior to the announcement [2] - Cixing Co., Ltd. has a history of costly acquisitions, including a 1 billion yuan investment in mobile internet companies in 2016, which led to substantial goodwill and subsequent losses in 2019 and 2020 [3] Group 3 - In its 2024 financial report, Cixing Co., Ltd. aims to expand its non-textile business while leveraging its strengths in artificial intelligence to explore new technological directions such as smart wearables and advanced medical textiles [3] - The company is actively seeking a second growth curve to ensure sustainable high-quality development [3]

依托这个数字化平台，青年分会还发布了首批"产业教授""科技副总"需求榜单。"这一需求榜单， 是余杭深化教育科技人才体制机制一体改革的又一重要举措，有助于余杭构建'企业出题、院所答题、 产线验证'协同创新模式，推动更多校院企青年人才有序流动共享。"余杭区委人才办相关负责人说。 值得一提的是，活动当天，青年分会首期"青跃澎湃·创变未来"品牌活动举行。参会嘉宾围绕"教科 人一体化探索实践"主题演讲、"青才来余 共创未来"圆桌话题等，共同探讨青年人才的成长路径、创新 创业的经验，为推进教育科技人才体制机制一体改革提供新思路。 近日，浙江省海外高层次人才联谊会（以下简称"省海高会"）青年分会2025年会暨品牌启动会在余 杭召开。近200名来自人工智能、生物医药、高端装备等不同领域的青年人才齐聚一堂，开启一场关于 碰撞、融合、成长的"双向奔赴"之约。 青年分会于2023年落户余杭，是省海高会中会员平均年纪最小、涉及行业最多、最有活力的分会， 已成为余杭联通全球的桥梁纽带、创业创新的服务平台、招才引智的重要窗口。现场，青年分会"海创| 青跃 Empower"品牌正式发布，未来，余杭与青年分会将以这一品牌为引领，不断推进城市 ...

Core Viewpoint - Cixing Co., Ltd. announced plans to acquire controlling interest in Shenyang Shunyi Technology Co., Ltd. and raise matching funds, following the termination of its previous acquisition of Wuhan Minsong [1][3][8]. Group 1: Acquisition Details - The acquisition involves issuing A-shares and cash to purchase controlling rights in Shenyang Shunyi, which focuses on intelligent control technology [3][5]. - The transaction is still in the planning stage, with preliminary agreements involving all or some shareholders, including Li Yingshun [3][4]. - Cixing expects to disclose the transaction plan within 10 trading days, by June 4 [4]. Group 2: Company Background - Shenyang Shunyi, established in June 2012, has a registered capital of 60 million yuan and is primarily owned by Li Yingshun, who holds 54.34% of the shares [4]. - The company is recognized as a national high-tech enterprise and a key "little giant" enterprise, focusing on high-end intelligent equipment manufacturing [5]. Group 3: Stock Performance - Cixing's stock experienced significant fluctuations, with a 9.10% increase year-to-date, closing at 8.99 yuan per share on May 19, with a total market capitalization of 7.1 billion yuan [1][12]. - Following the announcement of the failed acquisition of Wuhan Minsong, the stock price dropped over 13% in a single day [1][12].