金融界2025年6月21日消息，国家知识产权局信息显示，株洲时代橡塑元件开发有限责任公司、株洲时 代新材料科技股份有限公司申请一项名为"用于涡桨发动机中前侧减振器与扭矩补偿装置的连接方法"的 专利，公开号CN120175793A，申请日期为2025年04月。 天眼查资料显示，株洲时代橡塑元件开发有限责任公司，成立于1997年，位于株洲市，是一家以从事橡 胶和塑料制品业为主的企业。企业注册资本5000万人民币。通过天眼查大数据分析，株洲时代橡塑元件 开发有限责任公司参与招投标项目50次，专利信息60条，此外企业还拥有行政许可5个。 株洲时代新材料科技股份有限公司，成立于1994年，位于株洲市，是一家以从事铁路、船舶、航空航天 和其他运输设备制造业为主的企业。企业注册资本80279.8152万人民币。通过天眼查大数据分析，株洲 时代新材料科技股份有限公司共对外投资了22家企业，参与招投标项目2798次，财产线索方面有商标信 息46条，专利信息2806条，此外企业还拥有行政许可123个。 专利摘要显示，本发明公开了一种前侧减振器与扭矩补偿装置的连接方法，前侧减振器包括主安装支 架，在主安装支架上开有通孔一和通孔二， ...

Core Viewpoint - The company has established a stock incentive plan for 2025 to enhance corporate governance, attract and retain talent, and align the interests of shareholders, the company, and core teams for long-term development [1][2]. Summary by Sections Assessment Objectives - The plan aims to improve the corporate governance structure and performance evaluation system for senior management and core employees, ensuring a comprehensive and objective assessment of their work performance [2]. Assessment Principles - The evaluation must reflect the performance results of the incentivized individuals and promote sustainable development through feedback and communication, adhering to principles of openness, fairness, and justice [2]. Assessment Scope - The assessment applies to all incentivized individuals defined in the plan, including directors, senior management, and core technical personnel, excluding independent directors and shareholders holding more than 5% of shares [2]. Assessment Institutions and Execution - The Compensation and Assessment Committee of the Board is responsible for organizing and implementing the stock incentive plan, while the Administrative Management Department will conduct specific assessments [3]. Performance Evaluation Indicators and Standards - The assessment period for the stock incentive plan is set for the fiscal years 2025-2026, with annual evaluations based on revenue growth targets of at least 5% for 2025 and 10% for 2026, using 2024 revenue as the baseline [4]. Individual Performance Assessment Requirements - Individual performance assessments will determine the allocation of restricted stock based on a scoring system, where scores of 90-100 yield 100% allocation, and scores below 70 yield no allocation [5]. Assessment Period and Frequency - The assessment will occur annually over the two-year period of the incentive plan [6]. Assessment Procedures - The Administrative Management Department will manage the assessment process, report results to the Compensation and Assessment Committee, which will then review and approve the results [6]. Feedback and Application of Assessment Results - Assessed individuals have the right to know their results, and any disputes can be addressed through communication or appeals to the Compensation and Assessment Committee [6]. Management of Assessment Results - The Board may adjust assessment indicators and results based on significant external changes, and all records must be archived confidentially for at least five years [7].

天眼查资料显示，株洲时代新材料科技股份有限公司，成立于1994年，位于株洲市，是一家以从事铁 路、船舶、航空航天和其他运输设备制造业为主的企业。企业注册资本80279.8152万人民币。通过天眼 查大数据分析，株洲时代新材料科技股份有限公司共对外投资了22家企业，参与招投标项目2795次，财 产线索方面有商标信息46条，专利信息2781条，此外企业还拥有行政许可123个。 专利摘要显示，本发明公开一种用于节点智能检修线的牵引拉杆检修工装及检修方法，所述牵引拉杆检 修工装包括拆卸工件，所述拆卸工件包括拆卸托盘、设置在所述拆卸托盘上的定位组件，所述定位组件 包括底板一及设置于底板一上的支撑筒一和支撑架一，所述支撑筒一用于支撑牵引拉杆一端的节点安装 端，所述支撑架一用于支撑牵引拉杆另一端的节点安装端；通过结构设计，能迅速将牵引拉杆定位，保 证了后续检修工作的顺利进行。还包括压头，压头为圆环状压头，圆环状压头的中心轴线与支撑筒一的 中心轴线相互重合，圆环状压头端部的锥部伸入节点安装孔中使拉杆节点自动居中，保证了圆环状压头 能准确地与金属外套接触将拉杆节点退出的同时不损伤拉杆节点的橡胶部分。 金融界2025年6月20日 ...

Core Viewpoint - *ST WanFang is facing significant changes in its ownership structure due to a court-ordered auction of shares held by its major shareholder, WanFang Yuan, which may lead to a loss of control and potential changes in actual control of the company [1][2][3] Group 1: Company Ownership and Control - The Changchun Intermediate Court will auction 90.86 million shares held by WanFang Yuan, representing 29.18% of the total share capital of *ST WanFang, on July 22-23, 2025 [1] - Following the auction, WanFang Yuan will lose its status as the largest shareholder, which raises the risk of changes in the controlling shareholder or the absence of an actual controller [1][3] - WanFang Yuan previously delegated voting rights for 80.44 million shares (25.83% of total shares) to Huide Industrial, making it the controlling shareholder, but this delegation will automatically become invalid if WanFang Yuan loses its shares [3] Group 2: Financial Performance - In 2024, *ST WanFang reported revenue of 391 million yuan, a 133.70% increase year-on-year, with a net profit attributable to shareholders of 10.65 million yuan, marking a turnaround from losses [1] - The company’s net profit after deducting non-recurring items was -4.60 million yuan, indicating a reduction in losses compared to the previous year [1] - The financial indicators have triggered a delisting risk warning under the Shenzhen Stock Exchange rules, as the company’s net profit and revenue metrics fell below specified thresholds [2]

Core Insights - The export data for the first five months of this year shows that most of the top ten foreign trade provinces in China experienced growth, with only Fujian showing a decline, although its decline is narrowing [1][6][9]. Group 1: Export Performance by Province - Guangdong, the largest foreign trade province, saw a modest export growth of 0.9%, while Jiangsu and Zhejiang, the second and third largest provinces, reported a significant export growth of 9.6% [2][15]. - Fujian's export decline narrowed to -8.2%, with traditional industries in Fuzhou and Quanzhou experiencing notable drops, although the growth in machinery and electrical products helped mitigate the decline [1][6]. - Henan province reported an impressive export growth of 43.1%, driven by electric vehicles and silver processing, ranking third in national foreign trade growth [10][12]. Group 2: Key Export Products and Trends - In Zhejiang, machinery and electrical products accounted for a substantial portion of exports, with a growth rate of 12.6%, contributing significantly to the overall export growth [3][4]. - The export of electric vehicles in Zhejiang surged by 86.0%, while shipbuilding also showed strong performance with an 18.2% increase [3]. - In Henan, machinery and electrical products made up over 60% of exports, with a notable growth of 66.6% in this category [10][12]. Group 3: Market Dynamics and Challenges - Fujian's reliance on traditional industries, such as textiles and footwear, has led to a decline in export growth, highlighting the need for upgrading to higher value-added products [7][8]. - The shift of some orders to Southeast Asia and Latin America due to international supply chain restructuring has weakened Fujian's traditional manufacturing export advantages [6][7]. - Zhejiang's exports to emerging markets, including the EU and ASEAN, have shown robust growth, indicating a positive outlook for diversification in trade [4].

Core Viewpoint - The 2025 Beijing International Sustainable Conference emphasized the importance of establishing a collaborative and inclusive sustainable information disclosure ecosystem, aligning with global standards to enhance transparency and investor decision-making [1][3]. Group 1: ISSB and Global Standards - The ISSB Chairman highlighted that ISSB standards provide transparent information for investors, aiding in the identification of value chain risks and opportunities over time [3]. - There is significant progress among jurisdictions representing a substantial share of global capital markets in aligning with ISSB standards, which will enhance the quality of financial information related to sustainability [3]. - The ISSB encourages China to develop a unified national sustainable disclosure standard based on ISSB guidelines, recognizing China's efforts to improve the quality and transparency of climate-related financial information [3][5]. Group 2: China's Commitment to Sustainable Disclosure - The Director of the Accounting Department of the Ministry of Finance stated that China is actively participating in the international governance of sustainable disclosure and aims to create a unified national standard that reflects international best practices while considering local conditions [5]. - The Ministry of Finance plans to establish a comprehensive sustainable disclosure standard system by 2030, emphasizing the need for collaboration among various stakeholders [5]. - The People's Bank of China is revising the "Guidelines for Sustainable Information Disclosure by Financial Institutions" to enhance comparability with international standards and improve environmental information disclosure [7]. Group 3: Contributions and Achievements - The President of the China Enterprise Reform and Development Research Association noted that China has made significant progress in ESG development, contributing to a unique framework and practical path for sustainable practices [9]. - China National Railway Group has recognized the value of ISSB standards in enhancing corporate transparency and investor confidence, actively implementing these standards [11]. - The conference featured discussions on the significance of adopting ISSB standards and building a local ecosystem for sustainable disclosure in Hong Kong [13].

Mergers and Acquisitions - *ST Shengxun plans to acquire 51% equity of Zhejiang Zhongchen Urban Emergency Service Management Co., Ltd. for 28.05 million yuan to strengthen its capabilities in the fire emergency sector and support its integrated safety and emergency layout [1] - Yishijing Precision intends to purchase 51% equity of Tongyihe for no more than 163 million yuan, with the cash payment approved during the board meeting on June 13 [2] - Haikou Group disclosed progress on its major asset restructuring, aiming to acquire control of Hainan Travel Investment Duty-Free Goods Co., Ltd. The company faces challenges due to intense competition in the domestic duty-free market and slowing consumer demand [3] Shareholding Changes - Jinfei Kaida's controlling shareholder has cumulatively increased its stake by 1.94%, acquiring 11.656 million shares for a total amount of 54.9819 million yuan from December 12, 2024, to June 12, 2025 [4] - Kailer Co., Ltd.'s board secretary plans to increase shareholding by no less than 1 million yuan within six months from the announcement date [5] - Huayi Technology's subsidiary plans to reduce its stake by no more than 0.83%, equivalent to 121.68 million shares, within three months following the announcement [6] Risk Matters - Fangda Special Steel received a warning letter from the Jiangxi Securities Regulatory Bureau for not prudently recognizing revenue in 2024, leading to inaccuracies in its financial reports [7] - Huayang New Materials clarified that it does not possess rare earth permanent magnet attributes, despite significant stock price increases and media reports suggesting otherwise [8] - Beikong Technology stated that its rare earth permanent magnet materials business only has small-scale production capabilities, contributing less than 1% to its revenue, with limited short-term impact on performance [9][10]

天眼查App显示，近日，青岛晟舶领航船舶科技有限公司成立，法定代表人为樊凡，注册资本5000万人 民币，青岛奥海特船舶有限公司、山东奥腾达船舶有限公司持股。 序号股东名称持股比例1青岛奥海特船舶有限公司75%2山东奥腾达船舶有限公司25% 来源：金融界 经营范围含技术服务、技术开发、技术咨询、技术交流、技术转让、技术推广；货物进出口；船舶销 售；船舶租赁；船舶拖带服务；设备监理服务；水上运输设备销售；水上运输设备零配件制造；水上运 输设备零配件销售；娱乐船和运动船制造；娱乐船和运动船销售；海洋工程关键配套系统开发；海洋工 程装备制造；海洋工程装备销售；运输设备租赁服务；海洋工程平台装备制造；商务代理代办服务；产 业用纺织制成品制造；安全、消防用金属制品制造。（除依法须经批准的项目外，凭营业执照依法自主 开展经营活动）许可项目：船舶设计；船舶制造；金属船舶制造；船舶修理；船舶改装；船舶拆除；船 舶检验服务；船员、引航员培训；水路普通货物运输。（依法须经批准的项目，经相关部门批准后方可 开展经营活动，具体经营项目以相关部门批准文件或许可证件为准） 企业名称青岛晟舶领航船舶科技有限公司法定代表人樊凡注册资本5000 ...

Group 1 - The core viewpoint of the article highlights the progress in the China-US economic and trade consultation mechanism, with both sides reaching a principled consensus on measures to implement the important consensus from the June 5 call between the two heads of state [1] - The Chinese government is committed to responsibly managing rare earth exports, ensuring compliance with legal regulations while considering the reasonable needs of other countries in the civilian sector [1] - The external trade situation in China is characterized by resilience and vitality, with various supportive policies for foreign trade enterprises showing effectiveness [1] Group 2 - Three characteristics of the external trade situation were summarized: first, a more diversified "friend circle," with imports and exports to Belt and Road countries growing by 4.2%, ASEAN by 9.1%, and Africa by 12.4% in the first five months [2] - The second characteristic is the accelerated gathering of "new momentum," with high-tech and high-value-added products showing increased competitiveness; for instance, exports of electromechanical products grew by 9.3%, accounting for 60% of total exports, with integrated circuit exports rising by 18.9% [2] - The third characteristic is the vitality of foreign trade entities, with private enterprises' imports and exports growing by 7%, making up 57.1% of total imports and exports, and the number of foreign-funded enterprises with import and export performance increasing to 73,000 [2]

Summary of Conference Call Notes Industry Overview - The notes primarily discuss the impact of U.S. tariffs on China's export performance, particularly focusing on the electronics and integrated circuits sectors, as well as the overall trade dynamics between China and the U.S. [1][2][3] Key Points and Arguments 1. **Impact of U.S. Tariffs on Exports**: U.S. tariffs have led to a significant decline in exports to the U.S., with a reported drop of approximately 35%. However, the impact has started to weaken following recent U.S.-China trade talks, leading to improvements in the unit prices of electromechanical products, which may help restore profitability [1][3][4] 2. **Strong Performance of Integrated Circuits**: China's integrated circuit exports have shown robust growth, outperforming other electronic trade economies like Vietnam and South Korea. This indicates strong demand for electronic products despite the challenging trade environment [1][7] 3. **Sensitivity of Consumer Goods Exports**: China's exports of consumer goods to the U.S. are highly sensitive to tariff changes, while intermediate goods have shown resilience due to prior experience with trade tensions and government support [4][5] 4. **Emerging Industries Resilience**: New advantage industries such as lithium batteries and new energy vehicles have experienced growth in exports to the U.S. despite high tariffs, contrasting with declines in sensitive categories like solar products and food [5][8] 5. **Changes in Export Structure**: In May, the export structure of China was influenced by electromechanical products, cross-border e-commerce, and imitation shoes and bags. The demand for cross-border e-commerce has weakened, while new advantage industries like ships, integrated circuits, and automotive supply chains have shown strong external demand [1][6] 6. **Weakening Import Demand**: In May, China's import performance was negatively affected by a decline in demand for energy and mineral-related capital goods. The demand from ASEAN and African economies has also shown significant downturns, with the demand for integrated circuits from Taiwan being a key support factor [9][10] 7. **Global Manufacturing Stability**: Recent signals of tariff easing and stabilization in global manufacturing PMI have alleviated some external demand pressures. The improvement in the new export orders PMI for China indicates a potential recovery in external demand [2][12] 8. **Future Challenges for External Demand**: Looking ahead, external demand may face downward pressure, particularly due to the front-loading of demand from export and re-export activities. The government may focus on foreign affairs to mitigate these pressures, with potential incremental policies being deployed in the latter half of the year [12][13] Additional Important Insights - The notes highlight the importance of monitoring the potential disruptions in the electronic supply chain and the overall trade environment as global economic conditions evolve [7][12] - The resilience of new advantage industries suggests a shift in China's export strategy, adapting to the complexities of international trade dynamics [8][12]