Group 1: Business Overview - The company provides testing and automation solutions for automotive-related products, including cameras and millimeter-wave radars in the new energy vehicle sector [2] - The company plans to use CNY 57.5 million of its own funds to acquire a 25% stake in Zhuhai Guanghao Technology Co., Ltd. [2] - After the acquisition, the company will control 62.6343% of the voting rights in Guanghao, making it a subsidiary [2][3] Group 2: Strategic Development - The company adheres to a strategy of simultaneous internal growth and external mergers and acquisitions, focusing on high-quality assets in sectors such as semiconductors and robotics [2][3] - The company has successfully entered the "smart driving" field of new energy vehicles by securing orders for automotive camera-related equipment from leading companies [3] Group 3: Financial Performance and Future Plans - The target company is expected to have a revenue exceeding CNY 150 million by June 30, 2025, with a potential net profit of CNY 30 million [3] - The company has the right, but not the obligation, to acquire an additional 14% stake in the target company by December 31, 2025, based on performance metrics [3] Group 4: Product and Technology Focus - The company is involved in the research and development of RF testing technologies, keeping pace with industry leaders [3] - The company’s main business includes automation testing and assembly equipment for consumer electronics and automotive electronics [3]

每经记者｜肖芮冬 每经编辑｜叶峰 公募排排网最新数据显示，5月份共有156家公募参与A股上市公司调研，覆盖629只个股，累计调研频 次达4791次。 ｜2025年6月4日星期三｜ NO.1 6月公募新发市场迎"小高峰" Choice数据显示，6月，共有89只基金（份额分开计算）进入发售期，部分基金公司新发数量超过5只。 仅端午假期后的首个交易日，就有41只基金启动发行，包括易方达、博时、富国、汇添富、鹏华等多家 头部公募旗下产品。 值得一提的是，权益类基金延续近几个月的新发热度，6月共有63只产品启动发行，占新发产品的七 成。 从新发产品的布局方向来看，科技成为关键词。数据显示，6月发售的科技类基金众多，包括永赢上证 科创板50成份指数、中欧国证通用航空产业指数发起等。 NO.2 基金经理提醒REITs投资风险 今年以来公募REITs迎来一波大行情。截至5月30日，全市场有1只REIT年初至今涨幅超过50%，3只涨 幅超过40%，6只超过30%，15只超过20%，15只超过10%。今年以来，中证REITs全收益指数涨幅 12.62%，但近期该指数出现高位震荡。 有基金经理提醒道，短期受宏观波动等因素影响，RE ...

上海步科自动化股份有限公司（以下简称"公司"）第五届监事会第十次会议 的通知已于 2025 年 5 月 30 日以电子邮件等方式通知全体监事。本次会议于 2025 年 6 月 3 日在深圳市南山区高新园北区朗山一路 6 号意中利科技园 1 号 3 楼会议 室以现场和通讯相结合的方式召开。本次会议应出席监事 3 名，实际出席表决监 事 3 名。本次会议由监事会主席唐雪艳女士召集主持。会议的召开符合《中华人 民共和国公司法》和《公司章程》的规定，所作决议合法有效。 二、监事会会议审议情况 本次会议以书面记名投票方式进行表决，经与会监事们认真审议通过以 下决议： 证券代码：688160 证券简称：步科股份 公告编号：2025-038 上海步科自动化股份有限公司 本公司监事会及全体监事保证本公告内容不存在任何虚假记载、误导性陈 一、监事会会议召开情况 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。 监事会认为：公司计划为本次发行募集资金设立专项账户，实行专户专 储管理，用于本次发行募集资金的专项存储和使用，公司将在募集资金到账 后一个月内，与保荐机构、存放募集资金的商业银行签订监管协议，对募集 ...

Group 1 - In May, public fund institutions showed a clear industry preference, focusing on sectors such as semiconductors, automation equipment, and medical devices [1] - A total of 155 public fund institutions conducted research on A-share listed companies, covering 103 sub-sectors and involving 629 stocks, with a cumulative research frequency of 4,791 times [1] - The automation equipment industry became the focal point of public fund research, with Huichuan Technology receiving 90 research visits, attracting participation from over 40% of public fund institutions [1][2] Group 2 - The semiconductor industry led the research rankings with 35 stocks receiving a total of 448 research visits, indicating high interest from public fund institutions [2] - Other popular sectors included automation equipment, medical devices, and general equipment, which received 346, 301, and 272 research visits respectively [2] - Companies like Huichuan Technology and Bozhong Precision Engineering highlighted their international expansion strategies during the research process, with Huichuan emphasizing its focus on automation, digitalization, and intelligentization [2][3] Group 3 - Bozhong Precision Engineering established a subsidiary in Singapore in 2016 to support its international business expansion, and has continued to invest in this subsidiary [3] - The company has also set up subsidiaries in Vietnam and Hungary to follow major clients and enhance service capabilities [3]

Core Insights - In May, 155 public fund institutions conducted research on A-share listed companies, covering 103 sub-sectors and involving 629 stocks, with a total of 4,791 research instances [1][2]. Group 1: Industry Focus - The automation equipment industry emerged as the research focus, with Huichuan Technology leading with 90 research instances, attracting participation from over 40% of public fund institutions [1]. - Other notable companies in the automation equipment sector include Leisai Intelligent and Bozhong Precision, with 56 and 53 research instances respectively, indicating high interest in this sector [1]. - The semiconductor industry led the research rankings with 448 instances across 35 stocks, highlighting significant attention from public fund institutions [2][3]. Group 2: Stock Performance - Heng Er Da in the general equipment sector showed remarkable performance with a 89.66% increase in May, attracting 70 public fund institutions and 79 research instances [1][2]. - Other stocks in the top ten for research frequency include Ruimaite (74 instances, 16.27% increase) and Anji Technology (66 instances, -7.72% decrease) [2]. Group 3: Institutional Research Activity - Boshi Fund topped the research activity with 116 instances, focusing on strong stocks like Heng Er Da and Lai Shen Tong Ling [3]. - Major funds such as Huaxia Fund, Fuguo Fund, and Yifangda Fund also conducted over 100 research instances, with a focus on high-quality targets like Heng Er Da and An De Li [3].

截至2025年5月30日收盘，宏英智能（001266）报收于25.11元，较上周的24.69元上涨1.7%。本周，宏 英智能5月29日盘中最高价报26.62元。5月26日盘中最低价报24.4元。宏英智能当前最新总市值25.91亿 元，在自动化设备板块市值排名69/79，在两市A股市值排名4467/5146。 本周关注点 公司公告汇总 以上内容为证券之星据公开信息整理，由AI算法生成（网信算备310104345710301240019号），不构成 投资建议。 公司公告汇总：宏英智能为全资子公司提供最高限额为4000万元的担保 2024年年度权益分派实施公告：宏英智能向全体股东每10股派3.015197元人民币现金 关于公司董事辞职的公告：朱桂娣女士因个人原因辞去公司第二届董事会董事职务 关于对外担保的进展公告：宏英智能为全资子公司上海宏英新能源科技有限公司提供最高限额为 4000万元的担保，期限3年，用于其开展综合授信业务。公司对合并报表范围内子公司实际提供担 保额度为不超过人民币7600万元，占公司2024年度经审计归属于上市公司股东净资产的 7.6550%。 2024年年度权益分派实施公告：宏英智能以现有总 ...

Investment Rating - The investment rating for the company is "Outperform the Market" [5][25]. Core Views - The company has officially entered the humanoid robot business and has initiated core component research and development [3]. - The company's revenue for Q1 2025 increased by 38.28% year-on-year, while net profit grew by 63.08%, primarily driven by the strong performance in the new energy vehicle and general automation sectors [1][8]. - The company is expected to see a net profit of 53.17 billion yuan in 2025 and 64.47 billion yuan in 2026, with a projected price-to-earnings ratio of 34/28/24 times [3]. Financial Performance - In 2024, the company achieved a revenue of 370.41 billion yuan, a year-on-year increase of 21.77%, but net profit declined by 9.62% to 42.85 billion yuan [1]. - The gross margin for 2024 was 28.70%, down 4.85 percentage points year-on-year, while the net margin was 11.73%, down 3.97 percentage points [1]. - The company’s revenue from the general automation business in 2024 was 152.43 billion yuan, accounting for 41.15% of total revenue, with a year-on-year growth of 1.36% [2]. Business Segments - The new energy vehicle and rail transit revenue reached 166.42 billion yuan in 2024, representing a significant year-on-year increase of 67.76% [2]. - The smart elevator business generated 49.39 billion yuan in revenue, a decline of 6.65% due to weak market demand [2]. - In Q1 2025, revenue from new energy vehicles and rail transit was approximately 39 billion yuan, growing by 66% year-on-year [2]. Profitability and Cost Structure - The company’s operating expenses for 2024 included a sales expense ratio of 4.00%, a management expense ratio of 4.16%, and a research and development expense ratio of 8.50% [1]. - The gross margin improved to 30.98% and the net margin to 14.96% in Q1 2025, reflecting a year-on-year improvement of 1.13 and 2.28 percentage points, respectively [1].

Investment Rating - The investment rating for the company is "Outperform the Market" [5][25]. Core Views - The company has officially entered the humanoid robot business and has initiated core component research and development [3]. - The company's revenue for Q1 2025 increased by 38.28% year-on-year, while net profit grew by 63.08%, primarily driven by the strong performance in the new energy vehicle and general automation sectors [1][8]. - The company is expected to see a net profit of 53.17 billion yuan in 2025 and 64.47 billion yuan in 2026, with a projected price-to-earnings ratio of 34/28/24 times [3]. Financial Performance - In 2024, the company achieved a revenue of 370.41 billion yuan, a year-on-year increase of 21.77%, but net profit declined by 9.62% to 42.85 billion yuan [1]. - The gross margin for 2024 was 28.70%, down 4.85 percentage points year-on-year, while the net margin was 11.73%, down 3.97 percentage points [1]. - The company’s revenue from the general automation business in 2024 was 152.43 billion yuan, accounting for 41.15% of total revenue, while the new energy vehicle and rail transit revenue reached 166.42 billion yuan, representing a 67.76% increase [2]. Business Segments - The general automation business continues to grow, with a revenue of approximately 41 billion yuan in Q1 2025, up 29% year-on-year [2]. - The new energy vehicle and rail transit revenue for Q1 2025 was about 39 billion yuan, reflecting a 66% year-on-year growth [2]. - The smart elevator business saw a revenue of 49.39 billion yuan in 2024, but this segment experienced a decline of 6.65% due to weak market demand [2]. Profitability and Cost Structure - The company’s gross margin improved to 30.98% in Q1 2025, an increase of 1.13 percentage points year-on-year, while the net margin rose to 14.96%, up 2.28 percentage points [1]. - The selling expense ratio for 2024 was significantly reduced to 4.00%, indicating improved cost management [1]. Future Projections - Revenue projections for the company are as follows: 48.34 billion yuan in 2025, 61.80 billion yuan in 2026, and 75.86 billion yuan in 2027, with respective growth rates of 30.5%, 27.9%, and 22.7% [4][23]. - The expected net profit for 2025 is 53.17 billion yuan, with a growth rate of 24.1% compared to 2024 [4][23].

Core Points - Chengdu aims to cultivate 350 new specialized and innovative "little giant" enterprises and over 1,000 provincial-level specialized and innovative small and medium-sized enterprises (SMEs) by 2027 [1] - The city has already established two trillion-level industries and five national advanced manufacturing clusters, indicating a strong industrial foundation [1] - Chengdu has nurtured 354 "little giant" enterprises, ranking 7th among cities nationwide and 4th among sub-provincial cities [1] Group 1: Action Plan and Goals - Chengdu's "Three-Year Action Plan for Cultivating Specialized and Innovative Enterprises" targets 700 "little giant" enterprises, over 4,000 provincial-level specialized and innovative SMEs, and 8,000 innovative SMEs by 2027 [2] - The plan emphasizes increasing R&D investment intensity to over 7%, with each enterprise expected to hold more than three high-value patents and two patented products [2] - The city aims for comprehensive digital transformation, with key processes' CNC rate exceeding 85% and digital management penetration over 90% [2] Group 2: Financial Support and Initiatives - Chengdu is expected to provide over 2 billion yuan in enterprise subsidies and issue 5 billion yuan in policy loans this year [3] Group 3: Roadshow and Collaboration Opportunities - A recent roadshow event showcased 38 projects, providing opportunities for local and national enterprises to seek collaboration [4] - Companies like Chengdu Leen Automation Technology Co., Ltd. are looking for external recognition and potential investors through such events [4] - The roadshow also attracted companies from outside Sichuan, indicating a broader interest in Chengdu's market [4] Group 4: Challenges in Innovation and Market Feedback - Many participating startups face challenges in converting research outcomes into practical applications [5] - There is a noted gap between academic training and enterprise innovation needs, which can hinder the effectiveness of innovation projects [6] - Feedback from the market is crucial for companies to align their development direction with actual demands [6]

Group 1 - China Energy Construction won a major coal-fired power project with a bid amount of approximately 14.586 billion yuan, involving six 660 MW supercritical coal-fired generating units and supporting environmental facilities, with a total construction period of about 36.5 months [1] - Taiji Industry plans to repurchase company shares with a total amount not less than 1 billion yuan and not exceeding 1.2 billion yuan, with a maximum repurchase price of 10.38 yuan per share [1] - Youxun Technology won a project from State Grid with a bid amount of approximately 176 million yuan, accounting for 17.44% of the company's audited revenue for 2024 [2] Group 2 - Daili New Materials established an investment fund with a total subscribed capital of 163.3 million yuan, with Daili contributing 10 million yuan, accounting for 6.12% of the fund [4] - Wanyi Technology received a government subsidy of 2.3475 million yuan, which has been confirmed and classified according to relevant accounting standards [6] - Anke Biotech received a drug registration certificate for Acetate Atosiban Injection, which is used for treating preterm labor [7] Group 3 - Renfu Pharmaceutical received a drug registration certificate for Progesterone Soft Capsules, which are used to treat functional disorders caused by progesterone deficiency [9] - Linyang Energy is a recommended candidate for a major contract with State Grid, with a total expected bid amount of approximately 165 million yuan [11] - Hongtian Technology plans to invest 200 million to 300 million yuan to establish a wholly-owned subsidiary in Gansu Province [28] Group 4 - Hunan Xiang Electric received a total of 40 million yuan in government subsidies, which accounts for 16.07% of the company's audited net profit for 2024 [44] - Nengke Technology plans to repurchase shares with a total amount not less than 10 million yuan and not exceeding 20 million yuan, with a maximum repurchase price of 43.00 yuan per share [46] - Xiamen XGMA received 10 million yuan in historical debt repayment, which is expected to increase the company's net profit for 2025 by 3.186 million yuan [48]