Group 1: Company Overview - Wolong Electric Drive (卧龙电驱) has announced plans to list on the Hong Kong Stock Exchange to enhance its global strategy and international competitiveness [1] - The company reported projected revenue of 16.247 billion yuan and a net profit of 793 million yuan for 2024 [1] - Wolong Electric Drive's total market capitalization was approximately 30 billion yuan as of the latest closing, down from over 40 billion yuan earlier this year [1] Group 2: Strategic Initiatives - The company aims to fully implement its overseas strategy by 2025, focusing on personnel, products, supply chains, and capital going abroad [2] - Wolong Electric Drive plans to leverage its overseas factories to strengthen coordination between domestic and international operations [2] - The company has achieved over 30% of its revenue from international markets, indicating a strong global presence [1] Group 3: Market Context - The Hong Kong IPO market is experiencing a surge, with over 160 companies waiting to list, including nearly 20 companies seeking to raise over 1 billion USD [2] - The average daily trading volume of the Hang Seng Index has increased significantly, reaching 240.916 billion HKD in 2025 up to early June, compared to 131.775 billion HKD for the entire year of 2024 [3] - A-share companies that complete H-share listings tend to see an average increase of 2.61% in their A-share prices within 30 trading days post-listing [3]

美股回落,国际油价收涨超 4%，白银再破历 史高位 每日晨报 2025 年 6 月 18 日 银河观点集萃 责任编辑 周颖 ☎：010-80927635 网:zhouying_yj@chinastock.com.cn 分析师登记编码：S0130511090001 要闻 www.chinastock.com.cn 证券研究报告 请务必阅读正文最后的中国银河证券股份有限公司免责声明 机械：核电人形机器人专题报告——工业应用场景巡礼。国内核电人形机器人 ● 产业发展提速:自2024年3月起,国家地方共建人形机器人创新中心联合上 海电气中央研究院,针对核电行业极端环境需求,开展了大量技术攻关与联合 实验,成功部署首款针对核电产业日常生产的人形机器人并进驻核电场景训练 场,相关项目也顺利完成阶段性验收。同时,国家和上海、杭州、北京、深圳 等地纷纷出台人形机器人相关政策,从技术研发、应用推广等多方面给予支持, 为人形机器人深度融入核电产业、推动核电智能化发展奠定了坚实基础。核电 领域作为危险、重复、繁重的工业应用场景,有望率先实现具身智能赋能与落 地。 滑费:5月社零提速彰显国补刺激、新消费活跃。5月社零增长提速，受益于 ...

Market Overview - As of June 15, 2025, there are 267 companies listed on the Beijing Stock Exchange (BSE), with a total share capital of 37.331 billion shares and a circulating share capital of 23.848 billion shares [2] - For the week of June 9 to June 15, the BSE recorded a trading volume of 7.448 billion shares, a week-on-week increase of 63.81%, and a trading value of 1630.50 billion yuan, up 64.09% from the previous week [3] Index Performance - The BSE 50 Index fell by 3.11% to 1382.74 points during the same week, with 10 stocks rising, none remaining flat, and 35 stocks declining [3] - The top performer was Air China Ocean (833171), which increased by 24.44%, while the largest decline was seen in Binhang Technology (839493), which dropped by 12.60% [3] New Listings and Applications - One company successfully listed on the BSE during the week, bringing the total to 267 [6] - There are currently 83 companies awaiting approval, with 15 under review, 57 in inquiry, and 10 submitted for registration [5] Company Highlights - **Jiaoda Iron Development Co., Ltd. (920027)**: Listed on May 13, 2025, with a first-day trading surge of 295.91%, closing at 31.90 yuan, a 262.09% increase. The company focuses on intelligent products and equipment for rail transit [8][9] - **Sanxie Electric Co., Ltd. (873669)**: Passed the listing committee meeting on June 9, 2025, aiming to raise 1.59 billion yuan for expansion and R&D projects [12][13] - **New Hengtai New Materials Co., Ltd. (874327)**: Received listing application acceptance on June 10, 2025, with plans to raise 3.80 billion yuan for new material projects [15][16] - **Koleidi Medical Equipment Co., Ltd. (873414)**: Listed application accepted on June 12, 2025, seeking to raise 2.99 billion yuan for product development and production [17][18] - **Ying's Holdings Group Co., Ltd. (874431)**: Received listing application acceptance on June 13, 2025, with plans to raise 3.34 billion yuan for various projects [19][20] Financial Performance - **Jiaoda Iron Development**: Reported revenues of 2.35 billion yuan, 2.73 billion yuan, and 3.35 billion yuan from 2022 to 2024, with net profits of 337.99 million yuan, 476.56 million yuan, and 533.92 million yuan respectively [9] - **Sanxie Electric**: Expected to achieve revenue of 2.35 billion to 2.48 billion yuan in the first half of 2025, with a net profit forecast of 28.80 million to 30.50 million yuan [13] - **New Hengtai**: Achieved revenues of 5.30 billion yuan, 6.79 billion yuan, and 7.74 billion yuan from 2022 to 2024, with net profits of 450.00 million yuan, 1.01 billion yuan, and 917.64 million yuan respectively [16] - **Koleidi Medical**: Reported revenues of 2.33 billion yuan, 2.38 billion yuan, and 2.85 billion yuan from 2022 to 2024, with net profits of 693.67 million yuan, 599.18 million yuan, and 672.15 million yuan respectively [18] - **Ying's Holdings**: Reported revenues of 12.96 billion yuan, 17.58 billion yuan, and 19.74 billion yuan from 2022 to 2024, with net profits of 1.17 billion yuan, 2.20 billion yuan, and 2.11 billion yuan respectively [20][21]

户方式受让公司回购专用证券账户中 1,186,300 股公司股票，公司回购专用证券 账户中的股份由 1,186,300 股减少至 0 股。公司本次权益分派可分配股数由 619, 公司 2024 年度分配比例不作调整，本次权益分派实际派发现金红利人民币共计 证券代码：002892 证券简称：科力尔 公告编号：2025-051 二、权益分派方案 本公司 2024 年年度权益分派方案为：以公司现有总股本剔除已回购股份 0 股后的 620,800,887 股为基数，向全体股东每 10 股派 0.500000 元人民币现金 （含税；扣税后，通过深股通持有股份的香港市场投资者，境外机构（QFII、 RQFII）以及持有首发前限售股的个人和证券投资基金每 10 股派 0.450000 元； 持有首发后限售股、股权激励限售股及无限售流通股的个人股息红利税实行差 别化税率征收，本公司暂不扣缴个人所得税，待个人转让股票时，根据其持股 期限计算应纳税额【注】；持有首发后限售股、股权激励限售股及无限售流通股的 证券投资基金所涉红利税，对香港投资者持有基金份额部分按 10%征收，对内 地投资者持有基金份额部分实行差别化税率征收），同时 ...

Core Viewpoint - The stock of China Electric Motor Co., Ltd. experienced abnormal trading fluctuations, with a cumulative closing price increase of 20% over two consecutive trading days, prompting the company to clarify its operational status and financial performance [1][2]. Group 1: Stock Trading Abnormalities - The company's stock trading on June 13 and June 16, 2025, saw a cumulative closing price increase of 20%, classified as abnormal trading fluctuations according to Shanghai Stock Exchange regulations [1]. - The company conducted a self-examination and confirmed that there are no undisclosed significant matters affecting the stock price [2]. Group 2: Financial Performance - The consolidated net profit for the year 2024 was reported at -10.33 million yuan, a significant decline of 123.90% compared to a net profit of 43.21 million yuan in 2023 [3]. - The decline in net profit is primarily attributed to a decrease in fair value gains from Hong Kong stocks held by the company's wholly-owned subsidiary [3]. Group 3: Valuation Metrics - The latest rolling price-to-earnings (P/E) ratio for the company is 537.90, and the price-to-book (P/B) ratio is 10.24, both significantly higher than the industry averages of 18.72 for P/E and 2.41 for P/B [2][3]. Group 4: Operational Status - The company confirmed that its production and operational activities are currently normal and orderly, with no significant changes in the internal or external operating environment [2]. - There are no undisclosed major events such as asset restructuring, share issuance, or significant business collaborations that could impact the stock price [2]. Group 5: Industry Context - The company operates in the electrical machinery and equipment manufacturing sector, specifically in the motor manufacturing industry, which may face risks due to market, economic, and policy changes affecting profitability [4].

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证券之星消息，根据天眼查APP于6月4日公布的信息整理，迈驰铁人（四川）科技有限公司并购融资，融资额未披露，参与投资的机构包括宏源 汇富。 迈驰铁人（四川）科技有限公司是一家电机生产制造商，公司主要经营：电机及其控制系统研发；电机制造；微特电机及组件制造；微特电机及 组件销售；电动机制造；智能机器人的研发；智能机器人销售；特殊作业机器人制造；服务消费机器人制造；服务消费机器人销售；工业机器人 制造；工业机器人销售；工业机器人安装、维修；人工智能硬件销售；人工智能理论与算法软件开发；人工智能基础软件开发；人工智能应用软 件开发；人工智能公共数据平台；人工智能通用应用系统；人工智能行业应用系统集成服务；人工智能双创服务平台；人工智能基础资源与技术 平台；人工智能公共服务平台技术咨询服务；软件开发；软件销售；软件外包服务；技术服务、技术开发、技术咨询、技术交流、技术转让、技 术推广；数据处理和存储支持服务；工业互联网数据服务；云计算设备制造；云计算设备销售；工业控制计算机及系统制造；工业控制计算机及 系统销售；计算机系统服务；信息系统集成服务；信息系统运行维护服务；计算机软硬件及外围设备制造；计算机软硬件及辅助设备 ...

昊志机电（300503）公告，公司近日收到全资子公司岳阳市显隆电机有限公司现金分红款共计4000万 元。根据显隆电机公司章程规定并经股东决定，显隆电机决定以现金方式向公司分配利润4000万元，剩 余未分配利润结转至以后年度分配。显隆电机为公司纳入合并报表范围内全资子公司，上述所得分红款 将增加公司2025年度母公司报表净利润，但不增加公司2025年度合并报表净利润，因此，不会影响2025 年度公司整体经营业绩。 ...

Group 1 - The 2025 Motor System and Control Discipline and Industry Exchange Conference was held in Yuhang, aiming to accelerate breakthroughs in key technologies in the motor field and promote the transformation of China's motor industry towards high-end, intelligent, and green development [1] - Three major innovative achievements were announced at the conference, including "Humanoid Robot Joint Module and Dexterous Hand Research," "Variable Speed Constant Frequency Hydropower Generation Technology," and "Magnetically Controlled Diagnostic Capsule Robot" [1] - The "Humanoid Robot Joint Module and Dexterous Hand" project, developed by Hangzhou Xinuo Future Technology Co., Ltd., focuses on overcoming technical bottlenecks in core components of robots, such as power/torque density and operational efficiency [1] Group 2 - Experts from Hunan University, Goldwind Technology Co., Ltd., and Harbin Institute of Technology's Special Motor Research Center conducted in-depth discussions on several cutting-edge fields, providing valuable academic insights and industry perspectives for the future development of the motor industry [2] - Yuhang Economic Development Zone has implemented a series of innovative measures to create a talent innovation ecosystem, including establishing the first excellent engineer training base in the region and launching an excellent engineer cultivation alliance [2] - In 2024, Yuhang Economic Development Zone is expected to add over 70 high-level overseas talents, with more than 30 talent-driven projects signed this year [2]

一边是国际经贸环境错综复杂，一边是国内消费潜力不断释放，不少外贸企业调整经营策略，紧抓国内 市场机遇，实现均衡发展。在外贸大省江苏，一些企业在"转内销"过程中，用创新设计满足消费者不断 升级的需求，以标准对接做好产品功课，借电商平台打通内销渠道……这些探索成效如何，记者进行了 走访。 ——编者 创新设计，满足消费升级需求 放在车尾箱的一顶小小帐篷，可以营造出功能齐全的"两室一厅"；只需要一个打气筒，20秒就搭建一个 舒适的亲子空间；特制的宠物帐篷，小巧轻便受到养宠人青睐……6月8日，"外贸优品中华行"第三场省 级活动在南京举办，功能新奇的户外用品令人目不暇接。 "现在人们生活水平高了，消费观也和以前不一样了。"常州喜马拉雅户外用品有限公司商务总监蓝青 说。公司从2008年起就开始探索国内市场，实行内外贸"两条腿走路"，尤其是这几年，国内露营经济持 续火爆，公司内销业务快速发展。 "生产一顶帐篷，除了材质要好，还要重视外观、功能等要素。每个环节都马虎不得，从设计阶段就得 下足功夫。"蓝青指着一款"胡萝卜帐篷"介绍。这款帐篷设计了独特的胡萝卜造型窗户和可拆卸的菜叶 造型魔术贴，既增添了趣味性，又让孩子能参与搭建， ...