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5月通胀数据解读:5月价格趋势“不变”背后的潜在变化
Huachuang Securities· 2025-06-10 09:33
1. Report Industry Investment Rating No relevant content provided. 2. Core View of the Report - In May, the month - on - month decline of PPI remained the same as in April, and the year - on - year decline of CPI also stayed unchanged. However, after excluding the impact of supply factors such as oil prices and food, marginal new structural changes emerged [1][9]. - In terms of PPI, the drag effect based on trade eased after excluding the 0.2 - percentage - point drag of oil prices. The PPI of export - oriented industries improved marginally, and the price of PPI durable consumer goods manufacturing industry rebounded [1][9]. - In terms of CPI, food performed better than the seasonal level, but the upward momentum of core consumer goods prices continued to weaken. Attention should be paid to the launch of a new round of consumption - promotion policies [2][13]. 3. Summary According to the Directory 3.1 May Price Trend: Potential Changes Behind the "Unchanged" Trend - **PPI**: The month - on - month decline in May remained at - 0.4%. After excluding the 0.2 - percentage - point drag of oil prices, the drag effect based on trade eased. The PPI of export - oriented industries improved marginally after the progress of the China - US trade meeting in May. The price of PPI durable consumer goods manufacturing industry rebounded, with a month - on - month increase of 0.1% in May and the year - on - year decline narrowing from 3.7% in April to 3.3% [1][9][11]. - **CPI**: Food performed better than the seasonal level, but the upward momentum of core consumer goods prices continued to weaken. Food supply tightening supported prices, short - term consumption demands such as tourism and clothing continued to be released, while prices of rent, furniture, and cars linked to residents' long - term income were still falling. Core consumer goods have dragged down CPI for two consecutive months after excluding the impact of gold prices, and a new round of consumption - promotion policies may be launched [2][13]. 3.2 May CPI: Food and Tourism Perform Better than Seasonal Levels, but Month - on - Month Decline Continues Due to Oil Price Drag - **Overall Situation**: In May 2025, the listing of fresh vegetables supported the food item, tourism in non - food items performed better than the seasonal level. However, affected by oil prices, durable consumer goods, and rent, CPI declined month - on - month to - 0.2% and remained at - 0.1% year - on - year. The factors affecting CPI month - on - month change from high to low were: services (0)> livestock meat (- 0.01pct)> fresh produce (- 0.03pct)> core consumer goods (- 0.03pct)> energy (- 0.13pct) [2][16]. - **Food Item**: The month - on - month decline of the food item fell back to around - 0.2%, stronger than the seasonal level, affecting CPI to decline by about 0.04 percentage points. Beef prices rose due to reduced imports, while pork prices fell. Fresh vegetable prices decreased, while limited supplies of fresh fruits and aquatic products supported food prices [2][19]. - **Non - food Item**: The month - on - month decline of the non - food item exceeded the seasonal level, falling to - 0.2%, affecting CPI to decline by about 0.16 percentage points. Oil prices dropped, clothing was the main supporting item in core consumer goods, while furniture and car prices still had a drag. Travel - related prices in services were resilient, but rent was still weak [23][24][25]. 3.3 May PPI: Oil Price Drag Increases, Price Decline of Export Industries Narrows, and Month - on - Month Decline Remains at - 0.4% - **Overall Situation**: The month - on - month decline of PPI remained around - 0.4%, mainly dragged down by production materials, while the performance of living materials improved. In May, production material prices decreased by 0.6% (- 0.1pct), and the prices of living materials turned from negative to flat [30]. - **By Industry**: The number of industries with price declines among industrial producers was still around two - thirds. The drag factors were the crude oil industry chain, building - material - related prices, and energy prices such as coal and gas. The supporting factors were export - related industries such as automobiles and machinery, and the non - ferrous metal industry [4][31][36].
“独角兽”企业完成IPO辅导!辅导人员达33人,签字页都快写不下了
Group 1 - The core point of the article is the completion of the guidance work for Shiya Technology Co., Ltd.'s initial public offering (IPO) by Guotai Junan Securities [1] - Guotai Junan signed a guidance agreement with Shiya Technology on October 11, 2024, and conducted two phases of guidance work from October 2024 to June 2025 [1] - The guidance team from Guotai Junan included a significant number of personnel, with 33 individuals signing the report and additional members added during the process to ensure quality [2][3] Group 2 - Shiya Technology, established in October 2016, is located in Hefei, Anhui Province, and specializes in the research, manufacturing, and sales of semiconductor devices, micro-displays, and optical components [4][5] - The company has completed seven rounds of financing, with the latest being a C round in February 2023, involving investors such as GoerTek and Source Code Capital [6] - According to the Hurun Research Institute's 2024 Global Unicorn List, Shiya Technology is valued at over 10 billion yuan, making it one of Hefei's new unicorn companies [7]
海速芯取得检测I2C总线上异常信号的系统及方法专利
Sou Hu Cai Jing· 2025-06-10 03:23
Group 1 - The State Intellectual Property Office of China has granted a patent for a system and method to detect abnormal signals on the I2C bus to multiple companies, including Wuxi Haisuxin Electronics Technology Co., Ltd. and Shanghai Haisuxin Microelectronics Co., Ltd. [1][2] - Wuxi Haisuxin Electronics Technology Co., Ltd. was established in 2021, has a registered capital of 10 million RMB, and holds 41 patents along with 2 administrative licenses [1]. - Shanghai Haisuxin Microelectronics Co., Ltd. was founded in 2022, has a registered capital of 2 million RMB, and possesses 24 patents and 3 administrative licenses [1]. Group 2 - Haisuxin (Hangzhou) Technology Co., Ltd. was established in 2019, has a registered capital of approximately 95.24 million RMB, and holds 95 patents along with 8 administrative licenses [2]. - Shenzhen Haisuxin Technology Co., Ltd. was founded in 2011, has a registered capital of 10 million RMB, and possesses 96 patents and 11 administrative licenses [2].
中石化申请叠后数据速度标记合并方法和装置专利,实现便捷、高效多剖面对比分析
Sou Hu Cai Jing· 2025-06-10 02:54
中石化石油物探技术研究院有限公司,成立于2022年,位于南京市,是一家以从事开采专业及辅助性活 动为主的企业。企业注册资本133611.989369万人民币。通过天眼查大数据分析,中石化石油物探技术 研究院有限公司共对外投资了2家企业,参与招投标项目195次,专利信息669条,此外企业还拥有行政 许可13个。 来源:金融界 天眼查资料显示,中国石油化工股份有限公司,成立于2000年,位于北京市,是一家以从事石油、煤炭 及其他燃料加工业为主的企业。企业注册资本12173968.9893万人民币。通过天眼查大数据分析,中国 石油化工股份有限公司共对外投资了249家企业,参与招投标项目5000次,财产线索方面有商标信息45 条,专利信息5000条,此外企业还拥有行政许可39个。 金融界2025年6月10日消息,国家知识产权局信息显示,中国石油化工股份有限公司;中石化石油物探技 术研究院有限公司申请一项名为"一种叠后数据速度标记合并方法和装置"的专利,公开号 CN120122171A,申请日期为2023年12月。 专利摘要显示,本发明涉及地震勘探数据处理领域,具体公开一种叠后数据速度标记合并方法和装置, 该方法包括: ...
影石创新(688775) - 影石创新首次公开发行股票科创板上市公告书提示性公告
2025-06-09 21:02
保荐人(联席主承销商):中信证券股份有限公司 联席主承销商:高盛(中国)证券有限责任公司 联席主承销商:中国国际金融股份有限公司 扫描二维码查阅公告全文 本公司及全体董事、监事、高级管理人员保证信息披露的内容真实、准确、 完整、及时,没有虚假记载、误导性陈述或重大遗漏。 经上海证券交易所审核同意,影石创新科技股份有限公司(以下简称"影石 创新"、"公司"、"本公司"或"发行人")发行的人民币普通股股票将于 2025 年 6 月 11 日在上海证券交易所科创板上市,上市公告书全文和首次公开发行股 票的招股说明书在上海证券交易所网站(http://www.sse.com.cn/)和符合中国证 监会规定条件网站(上海证券报:https://www.cnstock.com;中国证券报: https://www.cs.com.cn/ ;证券日报: http://www.zqrb.cn ;证券时报: https://www.stcn.com ; 经 济 参 考 报 : http://www.jjckb.cn ; 中 国 日 报 : https://cn.chinadaily.com.cn;金融时报:https://www ...
影石创新(688775) - 影石创新首次公开发行股票科创板上市公告书
2025-06-09 21:02
股票简称:影石创新 股票代码:688775 影石创新科技股份有限公司 Arashi Vision Inc. (住所:深圳市宝安区新安街道海旺社区兴业路 1100 号金利通金融 中心大厦 2 栋 1101,1102,1103) 首次公开发行股票科创板上市公告书 保荐人(联席主承销商) (广东省深圳市福田区中心三路 8 号卓越时代广场(二期)北座) 联席主承销商 北京英蓝国际金融中心十八层 国贸大厦 2 座 27 层及 28 层 北京市西城区金融大街 7 号 北京市朝阳区建国门外大街 1 号 二〇二五年六月十日 影石创新科技股份有限公司 上市公告书 特别提示 影石创新科技股份有限公司(以下简称"影石创新"、"本公司"、"发行 人"、"公司")股票将于 2025 年 6 月 11 日在上海证券交易所科创板上市。 本公司提醒投资者应充分了解股票市场风险及本公司披露的风险因素,在新 股上市初期切忌盲目跟风"炒新",应当审慎决策、理性投资。 1 影石创新科技股份有限公司 上市公告书 第一节 重要声明与提示 一、重要声明与提示 本公司及全体董事、监事、高级管理人员保证上市公告书所披露信息的真实、 准确、完整,承诺上市公告书 ...
京晟燃料(江西)有限公司成立,注册资本999万人民币
Sou Hu Cai Jing· 2025-06-09 16:35
经营范围含许可项目:互联网信息服务,第一类增值电信业务,第二类增值电信业务(依法须经批准的 项目,经相关部门批准后在许可有效期内方可开展经营活动,具体经营项目和许可期限以相关部门批准 文件或许可证件为准)新材料技术研发,新兴能源技术研发,信息技术咨询服务,资源再生利用技术研 发,再生资源销售,再生资源加工,生物化工产品技术研发,生物质燃料加工,生物质成型燃料销售, 生物质液体燃料生产工艺研发,生物质液体燃料生产装备销售,生物质燃料销售(不含危险化学品), 储能技术服务,充电桩销售,化工产品生产(不含许可类化工产品),涂料销售(不含危险化学品), 化工产品销售(不含许可类化工产品),石油制品销售(不含危险化学品),润滑油销售,普通货物仓 储服务(不含危险化学品等需许可审批的项目),货物进出口,国内货物运输代理(除依法须经批准的 项目外,凭营业执照依法自主开展经营活动) 天眼查App显示,近日,京晟燃料(江西)有限公司成立,法定代表人为王晓静,注册资本999万人民 币,由京晟(海南)投资有限公司全资持股。 序号股东名称持股比例1京晟(海南)投资有限公司100% 来源:金融界 企业名称京晟燃料(江西)有限公司法定代 ...
通胀仍弱,能源拖累
HUAXI Securities· 2025-06-09 14:54
Inflation Data Summary - May CPI year-on-year decreased by 0.1%, better than the expected decline of 0.2% and consistent with the previous month[1] - Month-on-month CPI fell by 0.2%, compared to a rise of 0.1% in the previous month[1] - Core CPI excluding food and energy remained flat month-on-month, down from a 0.2% increase in the previous month[1] Energy and Commodity Prices - Energy prices significantly impacted CPI, with a 1.7% decrease in energy prices contributing approximately 0.13 percentage points to the CPI decline[1] - Brent crude oil prices fell by 5.2% month-on-month, with a cumulative decline of 18.9% from February to May[1] - Transportation fuel prices dropped by 3.7%, with a total decline of 9.2% from March to May[1] Service and Food Prices - Service prices were flat month-on-month, down from a previous increase of 0.3%, indicating weakened support for CPI[2] - Food prices decreased by 0.2%, a smaller decline compared to historical averages of -1.1% and -0.9% for the same period[3] - Fresh vegetable prices fell by 5.9%, while fresh fruit prices increased by 3.3% due to drought conditions in northern regions[3] Producer Price Index (PPI) Trends - PPI remained unchanged month-on-month at -0.4%, consistent with the previous two months[5] - The rolling three-month average for PPI is -0.4%, marking a seven-month low, with an annual rate of -4.7%[5] - The mining and raw materials sectors saw PPI declines of -2.5% and -0.9%, respectively, while the manufacturing sector decreased by -0.3%[5] Market Implications - The weak inflation data suggests continued pressure on industries sensitive to economic cycles, while technology sectors may perform relatively better[8] - Defensive dividend stocks are recommended for consideration, although attention should be paid to potential market disruptions from dividend-related trading in June and July[8]
内蒙一机: 内蒙古第一机械集团股份有限公司关于2020年限制性股票激励计划首次授予部分第三个解除限售期限制性股票解除限售暨上市公告
Zheng Quan Zhi Xing· 2025-06-09 13:19
证券代码:600967 证券简称:内蒙一机 公告编号:临 2025-025 号 内蒙古第一机械集团股份有限公司 关于 2020 年限制性股票激励计划首次授予部分 第三个解除限售期限制性股票解除限售暨上市公告 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、准确性和完整性依法承担法律责任。 重要内容提示: ? 本次股票上市类型为股权激励股份;股票认购方式为网下,上市股数为 本次股票上市流通总数为2,682,120股。 ? 本次股票上市流通日期为2025 年 6 月 13 日。 内蒙古第一机械集团股份有限公司(以下简称"公司")于 2025 年 6 月 6 日 召开七届二十二次董事会、七届十六次监事会,审议通过了《关于 2020 年限制性 股票激励计划首次授予部分及预留授予部分第三个解除限售期解除限售条件成就 议案》,根据公司 2020 年限制性股票激励计划(以下简称"激励计划")的规定 和公司 2021 年第一次临时股东大会的授权,现就相关事项说明如下。 一、2020 年限制性股票激励计划限制性股票批准及实施情况 (一)已履行的决策程序和信息披露情况 <20 ...
影石创新: 影石创新首次公开发行股票科创板上市公告书提示性公告
Zheng Quan Zhi Xing· 2025-06-09 13:19
影石创新科技股份有限公司 扫描二维码查阅公告全文 首次公开发行股票科创板 本公司及全体董事、监事、高级管理人员保证信息披露的内容真实、准确、 完整、及时,没有虚假记载、误导性陈述或重大遗漏。 上市公告书提示性公告 保荐人(联席主承销商) :中信证券股份有限公司 联席主承销商:高盛(中国)证券有限责任公司 联席主承销商:中国国际金融股份有限公司 (三)股票代码:688775 (四)本次发行后的总股本:401,000,000 股 (五)本次公开发行的股票数量:41,000,000 股,且占发行后总股本的比例 为 10.22%,本次发行不涉及老股转让 二、风险提示 本公司提醒广大投资者注意首次公开发行股票(以下简称"新股")上市初 期的投资风险,提醒广大投资者充分了解交易风险、理性参与新股交易,具体而 言,上市初期的风险包括但不限于以下几种: (一)涨跌幅限制放宽 根据《上海证券交易所交易规则》(2023 年修订),科创板股票交易实行价 格涨跌幅限制,涨跌幅限制比例为 20%。首次公开发行上市的股票上市后的前 5 个交易日不设价格涨跌幅限制。科创板股票存在股价波动幅度较剧烈的风险。 经上海证券交易所审核同意,影石创 ...