证券代码：002431 证券简称：棕榈股份 棕榈生态城镇发展股份有限公司投资者关系活动记录表 编号：2025-004 | 投资者关系活动 | □特定对象调研 □分析师会议 | | --- | --- | | 类别 | □媒体采访 ■业绩说明会 | | | □新闻发布会 □路演活动 | | | □现场参观 | | | □其他 （请文字说明其他活动内容） | | 参与单位名称及 人员姓名 | 参加公司 2024 年度网上业绩说明会的投资者 | | 时间 | 2025 年 5 月 19 日 15:00—17:00 | | 地点 | 全景网投资者关系互动平台（https://rs.p5w.net） | | 上市公司接待人 | 董事长刘江华先生 | | 员姓名 | 总经理余海军先生 | | | 董事、财务总监李婷女士 | | | 独立董事胡志勇先生 | | | 副总经理、董事会秘书冯玉兰女士 公司于 2025 年 5 月 19 日（星期一）15:00-17:00 在全景 | | | 网投资者关系互动平台（http://ir.p5w.net）举行 2024 年度 | | | 网上业绩说明会，本次年度业绩说明会采用网络远程 ...

点击注册小程序 大类因子表现来看，短期市场呈现反转特征，近三周动量/反转效应亦呈现较快切换。当前市场流动性延续宽 松背景下，小市值或持续占优。确定性方面，红利优势仍将维持。"红利+小盘"杠铃组合或为市场探寻方向背 景下获取相对收益的最优选择。 上周市场各指数涨跌不一，上证综指上涨0.76%，上证50上涨1.22%，沪深300上涨1.12%，中证500下跌 0.10%，中证1000下跌0.23%，创业板指上涨1.38%，北证50指数上涨3.13%。 截至2025年5月16日，宽基指数来看，上证指数、上证50、沪深300、中证500、中证1000处于估值分位数"适 中"等级，创业板指处于估值分位数"安全"等级。 中信一级行业分类来看，有色金属、电力及公用事业、家电、食品饮料、农林牧渔、非银行金融、交通运输处 于估值分位数"安全"等级。 报告摘要 上周市场核心观点： 上周（2025.05.12-2025.05.16，下同）A股延续震荡表现，主要宽基指数量能有所收缩。交易情绪方面，伴随 量能收缩，截至上周五（2025.05.16，下同）主要宽基指数量能择时指标维持谨慎观点。资金面方面，ETF资 金净流出，市场延续止盈 ...

目前，泉阳泉是以矿泉水为核心业务，延伸布局园林绿化、木门家居、特色食品及林业碳汇等领域，旗 下拥有吉林森工集团泉阳泉饮品有限公司、苏州工业园区园林绿化工程有限公司等11家专业子公司，辐 射吉林、江苏、北京等地。 泉阳泉（600189）5月19日召开2025年第一季度业绩说明会，公司董事长、董事会秘书(代行)姜长龙， 董事兼总经理王尽晖，财务总监白刚等针对2025年第一季度的经营成果及财务指标的具体情况与投资者 进行互动交流和沟通。 谈及公司在市值管理方面的计划时，泉阳泉表示，中国证监会2024年11月颁布了《上市公司监管指引第 10号——市值管理》，其中对上市公司市值管理提出了专业性的指导和要求，2024年12月国务院国资委 颁布了《关于改进和加强中央企业控股上市公司市值管理工作的若干意见》，公司作为国有控股上市公 司，将根据企业实际情况，积极推进公司的市值维护相关工作。 泉阳泉是吉林长白山（603099）森工集团旗下森林绿色健康产业的龙头企业。2016年起，面对国家天然 林禁伐政策，泉阳泉以资本市场为依托，通过两次重大资产重组，剥离森林采伐及人造板业务，实 现"腾笼换鸟"；同步引入矿泉水和园林绿化两大核心业 ...

2025 年 05 月 18 日 主力资金有效性持续修复，景气预期超额收益开 始抬头 —行业和风格因子跟踪报告 投资要点 ▌ 行业因子最新变动情况 上周 3400 得而复失，回调后仍站上 3350。我们最新推荐 的非银行业收益亮眼。因子角度来看近期市场热点受事件 驱动影响较大，分析师短期预期表现更好，也能抓住非银 的反弹行情。此外市场资金驱动特征明显，主力资金因子 多头的非银、汽车领涨市场。动量反转层面处于反转因子 和短端动量的交接时刻，可以提前关注短期动量有效性的 回升。财报质量因子继续偏向成长口径，景气投资思路有 效性开始小幅回升。 整体看行业轮动因子指向内需成长板块：大盘成交金额持 续在 1.1 万亿以上，主题投资和景气投资均有反弹，主力 资金因子反弹延续，本期主力资金因子行业选择电子、电 力设备及新能源、医药、机械、有色金属、非银行金融。 长期分析师预期非银行金融、建材、交通运输、电力及公 用事业、有色金属，空头无意义。短期分析师预期指向农 林牧渔、消费者服务、非银行金融、机械、有色金属。本 期选择行业继续偏向内需中的成长，继续关注低位消费短 期反弹机会。 ▌ 定量行业推荐 基于权重分配，我们推荐内资 ...

Core Viewpoint - The legal opinion letter issued by King & Wood Mallesons addresses the inquiries from the Shenzhen Stock Exchange regarding Sichuan Shengda Forestry Industry Co., Ltd.'s 2024 annual report, focusing on issues related to fund occupation and illegal guarantees by the former controlling shareholder [1][2]. Group 1: Legal Compliance and Responsibilities - King & Wood Mallesons has conducted thorough verification and ensured that the facts presented in the legal opinion letter are true, accurate, and complete, adhering to the principles of diligence and good faith [2][3]. - The law firm emphasizes that it only provides opinions on legal matters related to the inquiry and does not guarantee the accuracy of accounting or auditing data [2][3]. Group 2: Issues Raised in the Inquiry - The inquiry highlights that the former controlling shareholder, Sichuan Shengda Forest Products Group Co., Ltd., occupied company funds and provided guarantees without board or shareholder approval, leading to risk warnings for the company [3][4]. - The company claims that since the first major shareholder, Huabao Trust, took over in March 2020, there are no longer issues of fund occupation or illegal guarantees [3][4]. Group 3: Remedial Measures and Legal Actions - The company has taken several remedial measures to address the issues of fund occupation and illegal guarantees, including comprehensive audits, improving internal controls, and enhancing governance structures [5][6]. - Specific actions include pursuing legal claims against the former controlling shareholder for fund recovery, with a total of 13.53 million yuan recovered through litigation [7][8]. - The company is actively involved in ongoing litigation against banks and creditors to recover funds that were wrongfully deducted due to illegal guarantees [13][14]. Group 4: Current Legal Status and Financial Implications - As of the date of the legal opinion, the company has maintained effective internal controls and has not incurred new instances of fund occupation or illegal guarantees since January 1, 2021 [7][8]. - The company is currently involved in multiple legal proceedings, with some cases still pending in higher courts, which may impact its financial standing and obligations [22][23].

Market Overview - The A-share market showed significant differentiation last week (May 12 to May 16), with large-cap stocks performing well while small-cap and Sci-Tech Innovation Board faced slight pressure. The Shanghai 50 and CSI 300 rose by 1.22% and 1.12% respectively, indicating the defensive advantage of undervalued blue-chip stocks. The ChiNext 50 increased by 2.00%, reflecting the attractiveness of large-cap growth sectors. Conversely, the Sci-Tech 50 fell by 1.10%, possibly due to underwhelming earnings from some semiconductor companies and capital diversion to other tech sectors [2][12]. Industry Performance - Last week, 65% of sectors achieved positive returns, with beauty care, non-bank financials, and automotive sectors performing relatively well, rising by 3.08%, 2.49%, and 2.40% respectively. In contrast, media, defense, and computer sectors showed significant weakness, declining by 0.77%, 1.18%, and 1.26% respectively [2][14]. Fund Issuance - A total of 23 funds were issued last week, including 12 equity funds, 5 mixed funds, 5 bond funds, and 1 fund of funds (FOF), with a total issuance of 24.004 billion units [2][20]. Fund Performance - The Wind China Fund Total Index rose by 0.17% last week. The ordinary equity fund index increased by 0.26%, while the mixed equity fund index rose by 0.30%. The bond fund index saw a slight decline of 0.05% [3][10]. Global Asset Review - Global markets exhibited significant divergence last week, with equity markets generally rising, driven by technology stocks. The S&P 500 and Nasdaq increased by 4.54% and 6.60% respectively, propelled by better-than-expected earnings from AI leaders like Nvidia. European markets also showed resilience, with the German DAX and French CAC both rising over 0.8%, reflecting enhanced economic resilience in the Eurozone. The Hang Seng Index in the Asia-Pacific region rose by 2.09%, influenced by positive signals from US-China trade talks [5][6]. Domestic Bond Market Review - Last week, the 10-year and 30-year government bond futures fell by 0.51% and 1.17% respectively, indicating upward pressure on yields. The short-term funding spread (R007-DR007) showed no significant compression compared to the previous week, while medium to long-term rates remained low [15][19].

2025 年 5 月 17 日 总量研究 中美经贸谈判结果超预期，市场继续向好 ——可转债周报（2025 年 5 月 12 日至 2025 年 5 月 16 日） 要点 1、市场行情 本周（2025 年 5 月 12 日至 5 月 16 日，共 5 个交易日）转债市场持续回暖，中 证转债指数本周涨跌幅为+0.3%（上一交易周为+1.3%），本周中证全指变动为 +0.7%。2025 年开年以来，中证转债涨跌幅为+3.4%，中证全指数涨跌幅为 +1.2%，转债市场表现好于权益市场。 分评级来看，高评级券（评级为 AA+及以上）、中评级券（评级为 AA）、低评 级券（评级为 AA-及以下）本周涨跌幅分别为+0%、+0.08%、+0.64%，低评级 券本周涨幅最大。分转债规模看，大规模转债（债券余额大于 50 亿元）、中规 模转债（余额在 5 至 50 亿元之间）、小规模转债（余额小于 5 亿元）本周涨跌 幅分别为+0.28%、+0.37%和+0.49%，小规模转债涨幅最大。分平价来看，超 高平价券（转股价值大于 130 元）、高平价券（转股价值在 110 至 130 元之间）、 中平价券（转股价值在 90 至 11 ...

Group 1 - The average annual salary for urban non-private sector employees in 2024 is 124,110 yuan, reflecting a nominal growth of 2.8% and a comparable growth of 2.6% [4] - The average annual salary for urban private sector employees is 69,476 yuan, with a nominal growth of 1.7% and a comparable growth of 4.0% [4] - The average annual salary for employees in large-scale enterprises is 102,452 yuan, showing a nominal growth of 4.4% and a comparable growth of 4.2% [4] Group 2 - The highest average salary levels in urban non-private and private sectors are found in the information transmission, software and information technology services, financial services, and scientific research and technical services industries [5] - The lowest average salary levels are concentrated in agriculture, forestry, animal husbandry, fishery, accommodation and catering, water conservancy, environmental and public facilities management, and other service industries [5] Group 3 - The data indicates a trend of narrowing wage disparities across different industries, regions, and job positions [6][10] - The stability in wage levels across industries suggests a correlation with the overall stabilization of the macroeconomic environment [8] - The information transmission and software services industry has maintained the highest average salary for several years, attributed to the growth of the digital economy [8][10]

Economic Overview - In 2024, China's economy is operating steadily with an increase in urban employment and stable growth in average annual wages for urban employees [1][2] - The average annual wage for urban non-private units is 124,110 yuan, while for private units it is 69,476 yuan [1][2] Wage Growth - The average annual wage for urban non-private units increased by 2.8% nominally and 2.6% in comparable terms, while private units saw a nominal increase of 1.7% and a comparable increase of 4.0% [2] - The average wage for large-scale enterprises rose by 4.4% nominally and 4.2% in comparable terms [2] Sector Analysis - The highest average annual wages are found in the information transmission, software, and IT services industry (238,966 yuan), followed by the financial industry (201,883 yuan) and scientific research and technical services (175,425 yuan) [3] - Sectors with the lowest average wages include agriculture, forestry, animal husbandry, and fishery (67,475 yuan), accommodation and catering (60,240 yuan), and water conservancy, environment, and public facilities management (68,315 yuan) [4] Detailed Wage Data - The average annual wages for various sectors in 2024 include: - Agriculture, forestry, animal husbandry, and fishery: 67,475 yuan - Mining: 140,706 yuan - Manufacturing: 107,987 yuan - Information transmission, software, and IT services: 238,966 yuan - Financial industry: 201,883 yuan [5][6] Employment Disparities - In large-scale enterprises, the average annual wage is 102,452 yuan, with management positions earning 203,014 yuan and professional technical personnel earning 148,046 yuan [7][9] - The wage gap between the highest and lowest paid positions in large-scale enterprises has narrowed to a ratio of 2.62 [7]

今日（5月16日），市场全天震荡调整，三大指数小幅下跌。板块方面，PEEK材料、可控核聚变、人形机器人等板块涨幅居前，物流、美容护 理、保险、白酒等板块跌幅居前。 沪深两市全天主力资金净流入23.84亿元。17个行业主力资金净流入，其中汽车和基础化工行业主力资金净流入居前，净流入金额分别为39.08亿 元、10.36亿元；银行、有色金属、建筑装饰、机械设备和家用电器等行业主力资金净流入金额均超2亿元。 （原标题：主力资金丨主力资金大幅抢筹2股） 汽车、基础化工行业主力资金净流入居前。 14个主力资金净流出行业中，计算机、电子行业主力资金净流出金额居前，分别为13.63亿元、11.5亿元；食品饮料、非银金融、农林牧渔、国防 军工、医药生物等行业主力资金净流出也居前。 2股主力资金净流入金额均超10亿元 从个股来看，沪深两市47股主力资金净流入超亿元，18股主力资金净流入均超2亿元。 比亚迪主力资金净流入13.4亿元，居首。近日，比亚迪在机构调研中表示，与沙特电力公司达成12.5GWh全球最大电网侧储能项目合作后，比亚 迪储能迅速开启出货进程。 红宝丽主力资金净流入11.47亿元，居次席。该股收盘涨停。龙虎榜数据 ...