Group 1 - The rapid development of emerging industries in China highlights the acceleration of economic transformation, with high-tech manufacturing value-added increasing by 10% year-on-year in April [1] - Key sectors such as aerospace equipment manufacturing and integrated circuit manufacturing saw value-added growth of 21.4% and 21.3% respectively, while new energy products like new energy vehicles and charging piles experienced production increases of 38.9% and 43.1% [1] - Breakthroughs in artificial intelligence are prompting international investment banks to reassess China's supply chain, innovation advantages, and the resilience and vitality of its manufacturing ecosystem [1] Group 2 - The A500 index, which tracks a small percentage of A-share market stocks, covers 63% of total revenue and 70% of total net profit in the market, serving as a strong tool for long-term investment in China's capital market [1] - The A50 index, which focuses on large-cap leading stocks across various industries, benefits from increased market concentration due to supply-side reforms, making these stocks more attractive during earnings disclosure periods [2] - The A-share market is seen as having investment value due to rising demand for equity assets amid a "wealth shortage" phenomenon, particularly as the peak for reallocation of deposits approaches in 2025 [2]

4月11日，学生在山东青岛科技大学2025年春季综合类大型双选会招聘活动现场查看企业资料。 5月21日，"千校万企供需对接会"（连云港专场）暨江苏省2025届高校毕业生就业"百日冲刺"行动在江苏连云港举行。线下百余家企业和线上 千余家企业共提供超1万个工作岗位，涵盖生物医药、集成电路、智能制造等行业。 新华社记者 毛俊 摄 就业是最大的民生，高校毕业生等青年就业是重中之重。2025届全国普通高校毕业生规模预计达1222万人，同比增加43万人。数字背后，是渴 望落地的青春梦想。 新华社发（王海滨摄） 千校万企供需对接会、市校共建育人才、"小而精"双选会开辟就业"直通车"，"送生进企"打通就业"最后一公里"……今年以来，一系列"组合 拳"精准发力，为高校毕业生搭建多元化就业平台，全方位、多层次促进大学生高质量充分就业。 4月17日，在杭州市人才市场举办的"职引未来——2025年全国城市联合招聘高校毕业生春季专场活动"上，近50家参会企业现场推出700多个工 作岗位，助力劳动者求职就业。 新华社记者 韩传号 摄 近期，教育部印发通知，部署各地各高校抢抓离校前促就业关键冲刺期，深入开展2025届高校毕业生就业"百日冲 ...

Group 1 - The core idea of the news is the successful collaboration between the Yangzhou Ecological Technology New City and a team of experts from top universities, which has led to significant advancements in local industry through technology transfer and talent cultivation [1][2] - The "talent + project + industry" three-dimensional linkage mechanism has facilitated over 10 university-enterprise cooperation projects and attracted more than 30 high-level talents, accelerating high-quality regional industrial development [1] - The collaboration has resulted in the establishment of a smart design system that enhances design efficiency by 30%, showcasing the effective application of academic research in practical industry settings [1] Group 2 - The team has engaged in the construction of five major specialized classes, creating a full-chain service mechanism from technology tackling to industrial landing, emphasizing the importance of transforming technological innovations into practical applications [2] - The establishment of a low-altitude economy joint laboratory and the intention to build a testing platform for integrated circuits highlight the focus on strategic emerging industries and the potential for incubating high-tech enterprises [1][2] - The introduction of a "scene-based talent recruitment" model and the establishment of a talent training base in collaboration with East China Aviation Valley demonstrate a commitment to aligning educational outcomes with industry needs, ensuring a seamless transition from education to employment [1][2]

欢迎扫描下方二维码关注： 近年来，国家高度重视"专业化、精细化、特色化、新颖化"企业发展，出台了一系列 税收优惠政策对"专精特新"企业进行培育和扶持，快让我们一起来看一看吧！ 增值税期末留抵退税政策 1. 符合相关条件的制造业等行业 "制造业"、"科学研究和技术服务业"、"电力、热力、燃气及水生产和供应 业"、"软件和信息技术服务业"、"生态保护和环境治理业"和"交通运输、仓储和邮政 业"。 1.符合条件的制造业等行业企业，可以自2022年4月纳税申报期起向主管税 务机关申请退还增量留抵税额。 2.符合条件的制造业等行业中型企业，可以自2022年5月纳税申报期起向主 管税务机关申请一次性退还存量留抵税额；符合条件的制造业等行业大型企 业，可以自2022年6月纳税申报期起向主管税务机关申请一次性退还存量留抵税 额。 2.符合条件的批发零售业等行业企业，可以自2022年7月纳税申报期起向主 管税务机关申请一次性退还存量留抵税额。 政策依据 《财政部 税务总局关于进一步加大增值税期末留抵退税政策实施力度的公告》 （财政部 税务总局公告2022年第14号） 《财政部 税务总局关于进一步加快增值税期末留抵退税政策实施进 ...

2025 年 6 月 9 日 总量研究 出口增速为何回落？ 关税压力将如何扰动出口？——2025年3月 进出口数据点评（2025-04-14） 美关税政策落地后，我国出口如何演绎？— — 2025 年 1-2 月 进 出 口 数 据 点 评 （2025-03-08） ——2025 年 5 月进出口数据点评 作者 分析师：高瑞东 执业证书编号：S0930520120002 010-56513066 gaoruidong@ebscn.com 分析师：周可 执业证书编号：S0930524120001 021-52523677 zhouke@ebscn.com 相关研报 出口为何展现韧性？——2025年4月进出口 数据点评（2025-05-10） 2025 年 5 月，我国出口同比+4.8%，较上月回落 3.3 个百分点。主要原因在于基数 效应、季节性因素、出口积压订单释放和全球商品贸易需求放缓。季节性调整后看， 出口并不弱。高技术产品对出口的贡献度要强于劳动密集型产品。进口方面，受到 国内需求偏弱、大宗商品降价等因素影响，同比增速下滑至-3.4%。 展望未来，日内瓦会谈后的对美国新出口订单影响将在 6 月逐步显现， ...

Group 1 - Foreign institutions are optimistic about China's economic prospects, with major banks like Goldman Sachs, Morgan Stanley, and Deutsche Bank raising their GDP growth forecasts for 2025 [1][2] - Deutsche Bank has adjusted its 2025 GDP growth forecast for China to 4.7%, citing strong resilience in the service sector and retail, supported by ongoing monetary and fiscal policies [2] - Morgan Stanley and other institutions have also raised their growth predictions, indicating a positive impact from recent government policies aimed at boosting the economy [2] Group 2 - Foreign institutions are increasing their research efforts on A-share companies, particularly in the hard technology sector, with 234 foreign institutions having researched 195 A-share companies since May [6][7] - Notable companies attracting attention include Optoelectronics, Lanke Technology, and Huadian Co., with over 30 foreign institutions conducting in-depth research on them [7] - Companies are focusing on international expansion and innovation, with examples like Huadian Co. ramping up production capabilities in Thailand and Lanke Technology aiming to become a leading chip design company [7] Group 3 - There is a collective bullish sentiment towards the Chinese stock market, driven by improving fundamentals and increased investor confidence [4] - HSBC and Morgan Stanley highlight the potential for increased capital inflows into Chinese stocks, particularly in the technology and consumer sectors [4][5] - High-quality growth and deep value stocks are favored, with a focus on sectors benefiting from policy support and consumer demand [4][5]

2025年以来上市的创业板新股平均网上中签率更是低至0.0182%。另外，从年内情况来看，今年1月 份，创业板新股平均网上中签率为0.0206%，今年5月份创业板新股平均网上中签率降为0.0178%。 从北交所来看，中签率亦出现下降趋势。2025年以来上市的北交所新股平均网上中签率为0.07%，较 2024年0.0987%的平均网上中签率水平明显下降。 【导读】太火，2025年以来上市的主板新股平均网上中签率仅0.0299%！ 今年以来，打新火热，中签似乎变得更"难"了。 Wind数据显示，2025年以来主板上市的新股平均网上中签率为0.0299%，较2024年0.0470%的平均网上 中签率水平明显降低。创业板新股今年以来平均网上中签率更是低至0.0182%。 新股中签率下降，或与打新赚钱效应提升，参与打新人数增加有关。从市场表现来看，今年A股打新的 赚钱效应显著回升。数据显示，截至6月9日，年内A股市场已有45只新股上市，无一只出现破发，且38 股上市首日收盘涨幅超过100%，占比超八成。江南新材上市首日涨幅最高超600%，天工股份、星图测 控等上市首日涨幅超400%。 | 序号 | 名称 | 上市日期 ...

中电港：国家集成电路基金近期减持1%公司股份 智通财经6月9日电，中电港(001287.SZ)公告称，公司持股5%以上股东国家集成电路产业投资基金股份 有限公司于2025年5月29日至6月6日通过大宗交易方式减持公司股份759.9万股，占公司当前总股本的 1.0000%。本次权益变动后，国家集成电路基金持有公司股份6813.83万股，占公司总股本的8.9667%， 权益变动触及1%的整数倍。 ...

IPO Review and Registration Progress - Three IPO applications were accepted last week, including Senhe High-Tech aiming for the Beijing Stock Exchange to raise 490 million yuan, Yisiwei targeting the Sci-Tech Innovation Board with a planned raise of 1.214 billion yuan, and Zhixin Co. applying for an IPO on the Shanghai Main Board with a target of 1.329 billion yuan [2][3] - Senhe High-Tech specializes in the R&D, production, and sales of environmentally friendly precious metal mining agents, with sales revenue from these agents accounting for over 95% of its main business income during the reporting period [2] - Yisiwei focuses on automotive manufacturing machine vision equipment, holding the largest market shares in China’s automotive manufacturing and complete vehicle manufacturing machine vision markets at 13.7% and 22.5% respectively [3] - Zhixin Co. develops and produces automotive welding parts and related molds, with over 70% of its revenue coming from its top five customers [3] Recent IPO Approvals and Upcoming Listings - Huaxin Precision passed its IPO review on June 6, focusing on precision stamping products, with a projected revenue of 1.421 billion yuan in 2024, a 19.49% increase year-on-year [4] - Three companies are set to undergo IPO reviews this week, including Sanxie Electric, which reported steady revenue growth from 287 million yuan in 2022 to 420 million yuan in 2024 [4][5] - United Power, a subsidiary of Huichuan Technology, achieved a revenue of 16.178 billion yuan in 2024, a 72.74% increase, with over 85% of its revenue derived from electric drive systems [5] - Daoshengtianhe, a wind power industry chain company, reported a revenue of 3.238 billion yuan in 2024, a slight increase of 1.13% [6] New Stock Listings and Subscription Dynamics - Two new stocks were listed last week, Zhongce Rubber and Youyou Green Energy, with the latter seeing a significant first-day increase of 68.64% [9][10] - This week, Jiao Da Tie Fa is scheduled to be listed on June 10, with a projected revenue of 335 million yuan in 2024 [10] - Two new stocks are set for subscription this week, including Huazhi Jie and New Henghui, with planned fundraising of approximately 486 million yuan and 519 million yuan respectively [11] Policy and Regulatory Developments - The China Securities Regulatory Commission (CSRC) announced plans to support high-quality unprofitable technology companies in going public, emphasizing the importance of information disclosure and market intermediary verification [12] - The China Listed Companies Association released guidelines for audit committees to enhance compliance and governance among listed companies [13]

6月9日，国家统计局发布数据显示，5月份居民消费价格指数（CPI）环比下降0.2%，同比下降0.1%；工业 生产者出厂价格指数（PPI）环比下降0.4%，降幅与上月相同，同比下降3.3%，降幅比上月扩大0.6个百分 点。 光大证券研究所分析师刘星辰对券商中国记者表示，CPI同比保持低位，主要受能源价格下跌拖累。核心CPI 同比增速回升，与衣着、部分耐用消费品、出行类服务价格回升有关，指向在前期提振消费等一系列政策推动 下，居民消费需求正逐步回暖。 中国民生银行首席经济学家温彬表示，5月份核心CPI同比涨幅扩大，国内经济韧性凸显。 5月份"CPI—PPI"同比剪刀差扩大，反映出工业部门需求不济的情况有所加剧，但企业数据也反映部分行业供 需关系有所改善，结构性特征更加明显，如宾馆住宿价格环比涨幅创近十年同期新高、光伏、锂电等新能源行 业供需关系有所改善。 市场机构分析认为，5月CPI环比由涨转降，持平于历史同期平均水平，而从PPI来看，输入性价格下行压力依 然偏大。 能源价格影响拖累CPI表现 自3月以来，CPI连续三个月同比降幅为0.1%，环比看，5月CPI由涨转降。 国家统计局城市司首席统计师董莉娟介绍，能源 ...