湖北证监局：深化常态化走访工作 携手地方政府助推上市公司高质量发展 记者4月17日从湖北证监局了解到，为持续做好常态化走访上市公司工作，湖北证监局联合地方政府通过"面对面"问需企业、"点对 点"精准服务等方式，实现政企沟通零距离、零障碍。2024年10月以来，湖北在前期走访上市公司全覆盖、累计推动解决答复上市公司106 个诉求建议的基础上，走访上市公司40家次，推动解决上市公司诉求15项，为辖区资本市场高质量发展注入强劲动力。 "急难愁盼"问题集中"会诊" 据介绍，今年，湖北以"培育壮大新质生产力，推进湖北上市公司科技创新和产业创新"作为年度走访工作主题。湖北证监局与地方政府 协同配合，形成了"聚焦一个主题、划分三个层次、多部门联动"的走访工作安排，分层、有序开展走访工作。 截至目前，已有多位湖北省领导带队，分别到万润新能、马应龙等行业龙头和区域重点上市公司实地调研，以点带链推动湖北优势产业 发展。湖北证监局则联合相关职能部门走访经营遇到困难、出现风险的上市公司，推动企业化解风险，重回发展正轨。湖北各级政府也对8 家上市公司进行走访，了解公司技术研发、市场布局、发展规划等情况，现场协调帮助企业解决困难。 丨 ...

证券研究报告 TCL 科技 (000100 CH) 1Q25 显示业务盈利改善明显 | 华泰研究 | | | 年报点评 | | --- | --- | --- | --- | | 2025 年 | 4 月 | 30 日│中国内地 | 光学光电子 | TCL 科技发布 2024&1Q25 业绩：2024 年实现营收 1,650 亿元（yoy：-5%）； 毛利率 11.7%（yoy：-3.0pp）；归母净利 15.6 亿元（yoy：-29%），低于我 们预期的 24.8 亿元（主要受新能源光伏业务拖累）。1Q25 实现营收 401 亿 元（yoy：+0.4%）；毛利率 13.3%（yoy：+1.7pp，qoq：2.8pp）；归母净 利 10.1 亿元（yoy：+322%）。我们认为公司 1Q25 业绩同比提升主因国补 政策推动下，LCD 面板"量价齐升"。维持目标价 5.80 元和"买入"评级。 1Q25 回顾：显示业务盈利同环比改善 公司显示业务 1Q25 实现营收 275 亿元（yoy：+18%），净利润 23.3 亿元 （yoy：+329%，qoq：+30%）。显示业务 1Q25 业绩同比改善主要原因是 来 ...

Investment Rating - The report maintains a "Buy" rating for the company with a target price of 28.80 RMB [7][4]. Core Views - The company achieved a revenue of 6.278 billion RMB in 2024, representing a year-on-year increase of 23.67%, with a net profit attributable to the parent company of 1.03 billion RMB, up 71.57% year-on-year [1][2]. - The growth in 2024 and Q1 2025 is attributed to a diversified strategy, with significant increases in new product shipments such as micro-prisms, and improvements in product structure and production efficiency [1][3]. - The optical industry is experiencing clear innovation trends, with upgrades in traditional products and a strong growth momentum in the AR business, supported by strategic partnerships with leading clients in North America [1][3]. Summary by Sections Financial Performance - In Q1 2025, the company reported a revenue of 1.482 billion RMB, a year-on-year increase of 10.2%, and a net profit of 221 million RMB, up 23.67% year-on-year [1]. - The company’s revenue from optical components in 2024 was 2.88 billion RMB, up 17.9%, driven by accelerated new product promotion [2]. - The optical panel segment achieved a revenue of 2.47 billion RMB, a 33.7% increase, benefiting from market share gains in mobile and new applications [2]. Growth Drivers - The company is well-positioned in the optical industry, focusing on technological and new product-driven strategies, with multiple new projects in collaboration with mobile terminal manufacturers expected to contribute to future revenue growth [3]. - The AR business has significant long-term potential, with the company leading in global competitiveness for optical waveguide products [1][3]. Valuation and Forecast - The report predicts net profits for 2025, 2026, and 2027 to be 1.258 billion RMB, 1.514 billion RMB, and 1.782 billion RMB respectively, with slight downward adjustments from previous estimates [4]. - The target price is based on a 32x PE ratio for 2025, compared to a comparable company average of 22x [4].

全球首台商用蛋鸡养殖机器人——"木鸡郎" 光阳蛋业研发的我国第一条集透光、分拣、消毒、清洗、烘干、涂膜、喷码、重量分级于一体的自动化 蛋品清洁生产线，不仅填补了国内蛋品加工自动化设备的空白，也彻底改变了传统的手工作坊生产方 式。全球首台商用蛋鸡养殖机器人——"木鸡郎"已升级至第六代。在其协助下，一名饲养员可管理15万 羽蛋鸡，还能实时调控鸡舍温度、湿度等环境状态。AI赋能传统农业，让光阳蛋业始终走在行业前 列：蛋品国内市场占有率领先，同类蛋品出口量位居全国第一，产品销往欧盟、美国、加拿大等数十个 国家和地区，出口量年年稳步增长。 2025年2月，由光阳蛋业自主研发的两台蛋禽养殖机器人"木鸡郎6"成功出口马来西亚，这是中国原创蛋 禽养殖机器人首次"出海"，标志着福清人工智能产业再结"硕果"。 在星源农牧的养猪场里，通过自动化环境监测，"牧场守望者"轨道机器人可以完成自动巡视等任务，为 养猪场筑起"智慧巢"，换上"智慧芯"，让传统养猪产业完成了华丽转变。 东海之滨，龙江两岸。2025年正值数字福建战略实施25周年，作为全国县域经济百强县，福清市以数字 产业化、产业数字化、治理智慧化为抓手，全面激活新质生产力引擎。 ...

Core Viewpoint - Wuhan is accelerating its transformation and upgrading to establish a modern industrial system characterized by its unique advantages, focusing on advanced manufacturing as the backbone and aiming to develop a competitive industrial cluster aligned with the "51020" strategy [1][4]. Group 1: Industrial Upgrading and Development - Wuhan is focusing on upgrading traditional industries, particularly in steel and traditional fuel vehicles, while implementing capacity reduction [4]. - The petrochemical industry is undergoing a transformation with a focus on reducing oil, increasing chemical production, and enhancing quality through major technological upgrades and equipment renewal [4]. - The city is emphasizing the development of high-value-added sectors such as chips, smart connected vehicles, biomedicine, and industrial mother machines, aiming for an annual growth rate of over 10% in these advantageous industries [4]. Group 2: Emerging Industries and Innovation - Wuhan is seizing opportunities in emerging sectors like software, artificial intelligence, commercial aerospace, and robotics, with a target of maintaining an annual growth rate of over 20% in these new industries [4]. - The city is implementing a "seedling project" to cultivate enterprises across different growth stages, focusing on seven new sectors, thereby forming leading companies that can compete globally [4]. Group 3: Resource and Ecosystem Support - Wuhan is enhancing resource support by focusing on capital empowerment, aiming to attract national-level industrial funds and establishing long-term connections with local investment platforms [5]. - The city is also strengthening scenario empowerment by building innovation laboratories and enhancing the application of artificial intelligence in various scenarios [5]. - Talent support is being prioritized through a mechanism that focuses on the needs of enterprises for selecting, utilizing, and nurturing talent [5].

Group 1 - The China Securities 500 Quality Growth Index (930939) has shown a slight increase of 0.22% as of April 30, 2025, with notable gains in constituent stocks such as Amlogic (688099) up 4.29% and Anker Innovations (300866) up 3.80% [1] - The 500 Quality Growth ETF (560500) has also risen by 0.22%, with the latest price reported at 0.92 yuan, and a significant increase in shares by 5 million this month, ranking it in the top third among comparable funds [1] - Huaxi Securities highlights the role of the Chinese version of the stabilization fund in supporting the A-share market, emphasizing a higher positioning for "stabilizing and activating the stock market" compared to previous times [1] Group 2 - The 500 Quality Growth ETF closely tracks the China Securities 500 Quality Growth Index, which selects 100 companies with high profitability, sustainable earnings, and strong cash flow from the broader 500 Index [2] - As of March 31, 2025, the top ten weighted stocks in the index include Chifeng Jilong Gold Mining (600988) and Ninebot (689009), with the top ten stocks accounting for a total weight of 24.26% [2]

Core Viewpoint - The company reported a revenue increase of 9.27% for the fiscal year 2024, driven by the commencement of mass production and delivery of its first designated vehicle model, the AITO M9, contributing to the growth of its automotive optical business [2][3]. Financial Performance - The total revenue for 2024 was 2.419 billion yuan, up from 2.213 billion yuan in 2023 [3]. - Net profit attributable to shareholders decreased by 72.91% to 27.95 million yuan compared to 103.19 million yuan in the previous year [3][4]. - The net profit after deducting non-recurring gains and losses was 32.13 million yuan, down 22.88% from 41.66 million yuan in 2023 [3][4]. - The net cash flow from operating activities was 87.22 million yuan, a decline of 76.04% year-on-year [4]. Business Strategy and Developments - The company has adjusted its C-end business strategy, leading to a decrease in revenue and gross margin from this segment, while the automotive business is gaining a larger share of revenue [4]. - The company has secured 13 automotive designations, including a significant contract for smart cockpit systems with a leading international automaker, indicating a shift towards global market expansion [4]. Research and Development - R&D expenditure accounted for 10.24% of total revenue, a decrease from 12.69% in the previous year [3]. - The company is focusing on technological upgrades and product diversification in its automotive segment to meet the needs of car manufacturers [4]. Q1 2025 Performance - For Q1 2025, the company reported a revenue of 461.38 million yuan, a 3.67% increase year-on-year [5]. - The net loss attributable to shareholders was 21.36 million yuan, a shift from profit to loss compared to the same period last year [5].

【环球网财经综合报道】Wind数据显示，截至4月30日，A股已有5402家上市公司披露2024年年报。经统计，上述已披露年报上市公司全年总营收71.92万亿 元，同比下降0.23%；归母净利润5.21万亿元，同比下降2.98%。其中4029家实现盈利（占比75%）。 从分红金额来看，工商银行、中国移动、建设银行、招商银行等10家公司计划分红额度居前，成为A股2024年度十大"分红王"。贵州茅台以每股276.24元 （含税）的派现方案位居每股股利榜首，古井贡酒、泸州老窖等白酒企业每股股利均超过50元（含税）。此外，宁德时代、比亚迪、爱美客等多家行业头部 企业计划每股派现超过2元（含税）。数据显示，每股股利超过0.5元（含税）的公司超过500家，超过1元（含税）的公司约160家。 在行业表现方面，农林牧渔、非银金融、电子、交通运输、汽车等板块年报业绩显著回暖。其中，农林牧渔行业的养殖、饲料板块，电子行业的光学光电 子、消费电子板块，以及交通运输行业的航空机场、航运港口领域净利润增速居前。分析认为，这些行业的回暖与市场需求回升及行业结构优化密切相关。 值得注意的是，多家公司在分红方案中同时推出转增股份计划。Wind ...

Core Viewpoint - Hubei Province is accelerating the construction of an open hub to enhance its economic openness and aims to become a leading open economy in central China by 2027, and nationwide by 2030, with a complete restructuring of its open economy by 2035 [1][5]. Group 1: Five Major Actions and High Grounds - The action plan outlines five major actions and aims to create five high grounds for an open economy, including market entity cultivation, institutional innovation, international logistics, business facilitation, and global influence enhancement [2][3][4]. - Hubei plans to increase the number of import and export enterprises to 9,570 by 2024, with a focus on nurturing foreign trade leading enterprises and small and medium-sized foreign trade companies [2]. Group 2: Economic Performance and Growth - Hubei's import and export value is projected to exceed 700 billion yuan in 2024, with a growth rate of 9.6%, leading the central region [1][5]. - In the first quarter of this year, Hubei's total import and export value reached 174.3 billion yuan, a year-on-year increase of 16.6%, surpassing the national average growth of 15.3% [5]. Group 3: Infrastructure and Logistics Development - Hubei has established a comprehensive open platform system, including three free trade zones and multiple logistics hubs, to enhance its logistics capabilities [3][6]. - The Ezhou Huahu International Airport is positioned as a key cargo hub, having handled 423,000 tons of cargo and mail, with plans to enhance its capabilities further [7]. Group 4: Policy and Support Measures - Over 80 measures have been implemented to support pillar industries and facilitate cross-border trade, improving the international logistics channels and port business environment [6]. - The plan emphasizes creating a first-class business environment by addressing key pain points for outward-oriented market entities [3].

4月29日，潍坊市市场监管局举行潍坊市专利成果对接会暨山东知识产权运营中心潍坊分中心揭牌仪式，此次活动推进潍坊市深入落实专 利转化运用专项行动，助力高校和科研机构存量专利转化。山东省市场监管局党组成员、副局长、一级巡视员、省知识产权局副局长于 智勇，潍坊市委副书记、市长刘建军出席会议并致辞。 据悉，山东省市场监管局党组成员、副局长、一级巡视员、省知识产权局副局长于智勇在致辞中对潍坊市知识产权转化运用方面取得的 成绩给予高度评价，希望各方以本次活动为契机，深化专利转化集成改革，强化知识产权运营体系建设，促进专利精准对接和落地转 化，以专利转化助推产业高质量发展。 齐鲁晚报.齐鲁壹点张晓慧 潍坊市委副书记、市长刘建军在致辞中表示，潍坊市将以此次对接活动为契机，进一步畅通专利对接转化渠道，深入推进产学研合作， 推动知识产权与实体经济深度融合，让更多优质专利成果在潍坊落地生根、开花结果。 活动现场，潍坊市副市长、市工商联主席陈端梅与山东省科创集团总经理王建新共同为山东知识产权运营中心潍坊分中心揭牌。现场同 步发布"潍坊动力装备产业专利池运营库"和"潍坊市专利转化资源库"等创新成果，集中展示了涵盖动力装备、光电、化工医 ...