广大特材：上半年净利润同比预增367.51%左右 重要公告： 泰凌微：上半年净利润同比预增267%左右 新洋丰：拟11.5亿元投建新型作物专用肥项目 京东方A：拟以48.49亿元收购彩虹光电30%股权 中国建筑：近期获得多个重大项目 金额合计215.3亿元 沪市重要公告： 中国建筑：近期获得多个重大项目 金额合计215.3亿元 中国建筑（601668）公告，近期，公司获得多个重大项目，项目金额合计215.3亿元，占2024年度经审 计营业收入的1%。 宝钛股份：拟2.87亿元以增资扩股方式取得万豪钛金51%股权 宝钛股份（600456）公告，公司拟以增资扩股方式取得陕西万豪钛金特材科技有限公司（简称"万豪钛 金"）51%股权，增资价款2.87亿元。本次交易完成后，万豪钛金成为公司的控股子公司，并拟更名 为"陕西宝钛万豪钛业有限公司"。公司通过本次增资可快速新增2.5万吨—2.8万吨/年的熔炼产能，解决 实际生产需求。 建龙微纳：筹划取得上海汉兴能源科技股份有限公司不少于51%股份 建龙微纳（688357）公告，公司正在筹划以支付现金受让股权的方式合计取得上海汉兴能源科技股份有 限公司（简称"标的公司"）不少于 ...

本报讯(记者李晞)6月20日，省统计局发布我省5月经济运行情况。整体来看，全省经济有效稳住基本盘 实现稳中有进，消费市场、工业生产、新质生产力等重要指标表现亮眼，高质量发展保持向新向好态 势。 5月，规模以上高技术制造业、数字产品制造业增加值同比分别增长9.8%、9.7%，年内持续高于全部规 上工业增速水平。电子工业专用设备制造、电子器件制造、电子元件及电子专用材料制造等行业分别增 长12.1%、13.6%、21.8%；半导体分立器件、集成电路、光电子器件等产品产量分别增长14.3%、 11.8%、12.9%。 消费方面，全省消费市场延续稳步向好态势，"苏超"进一步激活内需潜力。5月全省社会消费品零售总 额同比增长6.3%，增速较4月加快1.3个百分点；1—5月，全省社会消费品零售总额同比增长5.6%，增速 较1—4月加快0.1个百分点。"5月全省各地各部门积极抢抓'五一'和端午假期消费风口，'以旧换新'促消 费政策推动商品销售实现平稳增长，'苏超'火爆出圈助力文旅市场热度节节攀升，全省消费市场总体延 续稳步向好态势。"省统计局贸易外经统计处有关负责人解读。 投资领域，基础设施投资保持较快增长。1—5月，全省 ...

6月20日，广东省统计局发布前5月广东经济运行简况。总的来看，5月份，各项宏观政策协同发力，广 东经济运行总体平稳。 值得注意的是，工业生产稳定增长，1—5月份，全省规模以上工业增加值同比增长3.5%，增速比1—4 月份提高0.1个百分点。5月份，民用无人机、平板显示器、服务器等产品产量大幅增长，同比分别增长 113.0%、102.3%、510.0%。 随着提振消费政策持续发力，消费市场持续向好。1—5月份，全省社会消费品零售总额19267.57亿元， 同比增长3.7%，增速比1—4月份提高0.7个百分点。5月份，限额以上单位家用电器和音像器材类、文化 办公用品类、家具类、通讯器材类商品零售额呈双位数增长态势。 前5月规上工业增加值同比增3.5% 1—5月份，全省规模以上工业增加值同比增长3.5%，增速比1—4月份提高0.1个百分点。分门类看，采 矿业同比下降1.7%，降幅收窄2.3个百分点；制造业增长4.0%；电力、热力、燃气及水生产和供应业下 降0.2%，降幅收窄0.9个百分点。 规模以上服务业较快增长。1—4月份，全省规模以上服务业实现营业收入1.87万亿元，同比增长7.8%， 增速比一季度提高0.2个 ...

证监许可【2011】1288号 报告 5月消费超预期 投资增速回落 2025年6月20日 更多精彩内容 请关注 格林大华期货 官方微信 研究员：刘洋 联系方式：liuyang18036@greendh.com 期货从业资格证号：F3063825 期货交易咨询号：Z0016580 国债期货一周行情复盘 本周国债期货主力合约总体表现为震荡上行，30年品种走势偏强，截至收盘全周30年国债涨0.71%，10年国债涨 0.14%，5年国债涨0.12%，2年国债涨0.09%。 数据来源：wind，格林大华 5月份家用电器和音像器材类、通讯器材类等同比涨幅较大 以旧换新政策推动下，5月限额以上单位家用电器和音像器材类、通讯器材类、文化办公用品类、家具类商品零 售额分别增长53.0%、33.0%、30.5%、25.6%，4月分别增长38.8%、19.9%、33.5%、26.9%。基本生活类和部分升 级类商品销售增势较好，限额以上单位粮油食品类、金银珠宝类、体育娱乐用品类商品零售额分别增长14.6%、 21.8%、28.3%，4月分别增长14.0%、25.3%、23.3%。5月份限额以上单位汽车类消费品零售总额同比增长1.1% ...

Core Viewpoint - In May, the industrial production in China showed a robust growth, with the industrial added value of large-scale enterprises increasing by 5.8% year-on-year, supported by the equipment manufacturing sector and stable growth in consumer goods manufacturing [1][2]. Group 1: Industrial Production Data - The industrial added value of large-scale enterprises grew by 5.8% year-on-year in May, with a month-on-month increase of 0.61% after seasonal adjustments [1]. - Manufacturing sector growth was recorded at 6.2%, surpassing the overall industrial growth by 0.4 percentage points [1]. - Among 41 major industries, 35 experienced year-on-year growth, resulting in a growth coverage of 85.4% [1]. Group 2: Equipment Manufacturing Sector - The added value of the equipment manufacturing sector increased by 9.0% year-on-year, contributing 54.3% to the overall industrial growth [2]. - The automotive industry saw a significant increase in added value by 11.6%, with a month-on-month acceleration of 2.4 percentage points [2]. - All eight sub-sectors within equipment manufacturing reported growth, with notable increases in railway, shipbuilding, aerospace, and electrical machinery sectors [2]. Group 3: High-end, Intelligent, and Green Manufacturing - High-tech manufacturing added value rose by 8.6% year-on-year, contributing 1.4 percentage points to overall industrial growth [3]. - Key products in high-end manufacturing, such as aircraft and industrial control systems, saw substantial growth rates of 18.7% and 15.5% respectively [3]. - The digital economy's integration into industrial production is increasing, with digital product manufacturing growing by 9.1% [3]. Group 4: Green Transformation and New Energy Products - The demand for new energy products and green materials is expanding, with the production of new energy vehicles and lithium-ion batteries increasing by 31.7% and 52.5% respectively [4]. - The supply of green products is also on the rise, with high-performance chemical fibers and bio-based chemical fibers seeing production increases of 92.2% and 21.5% [4]. Group 5: Policy Impact and Economic Recovery - The "two new" policy effects are positively influencing industrial production, with significant growth in sectors like motor manufacturing and shipbuilding [5]. - The automotive sector benefited from vehicle replacement subsidies, leading to an 11.3% increase in production [6]. - Overall, the manufacturing purchasing managers' index rose by 0.5 percentage points, indicating improved business expectations [6].

Group 1 - The company has approved a cash dividend distribution plan for the year 2024, amounting to 26,891,280 yuan, with no stock dividends or capital increases from reserves [1] - The cash distribution will be 1.02 yuan per 10 shares for all shareholders, based on a total share count of 263,640,000 shares after excluding repurchased shares [1][2] - The record date for the dividend distribution is set for June 25, 2025, and the ex-dividend date is June 26, 2025 [2] Group 2 - The distribution will be directly credited to the shareholders' accounts through their securities companies or other custodians [2] - The dividend tax treatment varies for different types of investors, with specific rates for QFII, RQFII, and individual investors holding pre-IPO restricted shares [1][2] - The company has outlined that any adjustments to the distribution ratio will be made if there are changes in the share capital before the record date [1]

大象新闻记者 张华婧 6月18日，记者从河南省统计局获悉，2025年1-5月份，全省固定资产投资（不含农户）同比增长 6.6%。其中，民间投资增长9.7%。 分产业看，第一产业投资同比下降1.5%，第二产业投资增长29.6%，第三产业投资下降4.2%。 从三大主要领域看，工业投资同比增长29.5%，基础设施投资(不含电力、热力、燃气及水生产和供应 业)下降8.8%，房地产开发投资下降8.5%。 工业投资中，采矿业投资同比增长44.9%，制造业投资增长30.8%，电力、热力、燃气及水生产和供应 业投资增长19.5%。 基础设施投资中，水利、环境和公共设施管理业（不含土地管理业）投资同比下降2.6%，交通运输和 邮政业投资下降17.4%，信息传输业投资下降15.5%。 注： 1、指标解释 固定资产投资(不含农户)是以货币形式表现的在一定时期内完成的建造和购置固定资产的工作量以及与 此有关的费用的总称。 国有控股：在企业的全部实收资本中，国有经济成分的出资人拥有的实收资本（股本）所占比例虽未大 于50%，但相对大于其他任何一方经济成分的出资人所占比例的国有相对控股；或者虽不大于其他经济 成分，但根据协议规定拥有企业 ...

Group 1 - The State Intellectual Property Office of China has published a patent application by China Southern Power Grid Co., Ltd. for a method and device for predicting transmission power probability, with publication number CN120165366A and application date of February 2025 [1] - The patent involves a method that includes inputting the grid topology, converting it into a power system graph, and using a graph neural network to obtain node embedding vectors, which are then used to generate training datasets for power flow calculations [1] - The training dataset consists of initial values including load demand and generator output data, and the method aims to derive a probability distribution for transmission power [1] Group 2 - China Southern Power Grid Co., Ltd. was established in 2004 and is based in Guangzhou, primarily engaged in the production and supply of electricity and heat [2] - The company has a registered capital of 9,020 million RMB and has made investments in 36 enterprises, participated in 5,000 bidding projects, and holds 5000 patent records [2] - Additionally, the company has 352 trademark records and 65 administrative licenses [2]

Economic Overview - Hubei province's economy shows a stable and improving trend in the first five months of the year, with industrial production growing steadily, fixed asset investment expanding, and a vibrant consumer market [1][2] - The province's GDP growth is supported by high-quality development outcomes [1] Industrial Growth - The industrial added value above designated size in Hubei increased by 8.1% year-on-year, surpassing the national average by 1.8 percentage points [2] - High-tech manufacturing leads the growth with an added value increase of 17.4%, contributing 31.3% to the overall industrial growth [2] - Specific sectors such as computer, communication, and other electronic equipment manufacturing grew by 17.7%, while electrical machinery and equipment manufacturing rose by 20.0% [2] Investment Trends - Fixed asset investment in Hubei grew by 6.2% year-on-year, exceeding the national growth rate by 2.5 percentage points [2] - Manufacturing investment surged by 12.6%, while infrastructure investment increased by 2.2% [3] - Private investment grew by 6.9%, and when excluding real estate development, it increased by 11.3% [3] Consumer Market Dynamics - The total retail sales of consumer goods reached 10,798.75 billion yuan, with a year-on-year growth of 7.7%, outpacing the national average by 2.7 percentage points [4] - The "trade-in" policy has stimulated consumption, with retail sales of household appliances and audio-visual equipment rising by 32.8% and furniture by 37.5% [4] - Online retail sales grew by 26.8%, indicating a robust shift towards e-commerce [4] Foreign Trade Performance - Hubei's total import and export value reached 328.74 billion yuan, a year-on-year increase of 26.9%, significantly higher than the national average of 24.4% [4] - Exports amounted to 238.37 billion yuan, growing by 36.3%, while imports increased by 7.4% to 90.37 billion yuan [4] Fiscal and Financial Stability - Local general public budget revenue for the first five months was 189.31 billion yuan, reflecting a year-on-year growth of 7.0% [5] - Financial institutions in Hubei reported a total deposit balance of 9,883.30 billion yuan, a growth of 9.9% compared to the beginning of the year [5]

公用事业 2025 年 6 月 17 日 分析师：苏治彬 SAC 执业证书编号： S0340523080001 电话：0769-22110925 邮箱：suzhibin@dgzq.com.cn 分析师：刘兴文 SAC 执业证书编号： S0340522050001 电话：0769-22119416 邮箱： liuxingwen@dgzq.com.cn 申万公用事业指数走势 资料来源：iFinD，东莞证券研究所 相关报告 投资要点： 本报告的风险等级为中风险。 本报告的信息均来自已公开信息，关于信息的准确性与完整性，建议投资者谨慎判断，据此入市，风险自担。 请务必阅读末页声明。 投 资 策 略 超配（维持） 加快构建新型电力系统，关注细分领域机会 公用事业行业 2025 年中期投资策略 行 业 研 究 证 券 研 究 报 告 ◼ 申万公用事业指数跑赢沪深300指数。截至6月16日，今年以来申万公用 事业指数整体下跌0.68%，跑赢沪深300指数0.87个百分点，在31个申万 行业中排第19名。 ◼ 今年以来申万公用事业指数的子板块涨多跌少，其中4个子板块上涨， 热力服务板块上涨8.44%、电能综合服务板块上涨2. ...