Group 1 - In May, private equity firms conducted extensive research to identify investment opportunities in the A-share market, with 876 private fund managers participating in 2,544 research instances covering 494 stocks [1] - Anji Technology in the electronic chemicals sector was the most researched stock, attracting attention from major private equity firms such as Freshwater and Gao Yi Asset Management, indicating strong interest in technology manufacturing and industrial upgrades [1] - The semiconductor sector was the most focused area, with 30 stocks receiving 226 research instances, followed by medical devices and general equipment, reflecting a preference for growth industries among private equity firms [1] Group 2 - The semiconductor and medical device industries are experiencing significant development opportunities, driven by the AI technology revolution and a recovery in demand following inventory adjustments in the medical device sector [2] - In May, 48 private equity firms conducted at least 10 research instances each, with Guangdong Zhengyuan Private Fund Management leading with 72 instances, indicating a trend where top firms are seen as market trendsetters [2] - The increased research activity by large private equity firms suggests a positive outlook for the market, as they assess growth potential for long-term investments [3] Group 3 - Major private equity firms are optimistic about the market outlook, with expectations of improved market sentiment due to accumulating positive factors and anticipated policy implementations in June [3] - The recovery in domestic consumption and technological breakthroughs in the tech sector are expected to contribute to a favorable trend in the A-share market [3]

Group 1: Management Adjustments and Future Focus - The company has made deep adjustments in culture, vision, and strategy in 2024, focusing on one center, two visions, three directions, and four beliefs [2][3]. - One center: Customer-centric approach with "extreme product power" to serve clients, addressing the core demand for one-stop supply platforms in the intelligent equipment industry [3]. - Two visions: Building a great organization and achieving corporate greatness, emphasizing flexibility in organizational mechanisms and talent strategy [3][4]. - Three directions: Core capability long-tail, global market expansion, and deepening automation [3][4]. - Four beliefs: Trust in science, common sense, professionalism, and systems in management operations [4][5]. Group 2: Profit Margin Improvement Strategies - The strategic focus for improving gross margin in 2025 includes optimizing product structure and enhancing service capabilities for long-tail demand [6]. - Emphasis on increasing the number of customers to meet diverse long-tail needs as a core strategy for margin improvement [6]. Group 3: Industry Expansion and Product Development - The company is expanding into various industries, including 3C, new energy lithium batteries, automotive, semiconductors, and medical sectors, with a focus on developing new products for these markets [8][9]. - By the end of 2024, the company has developed a product system covering 196 categories, 4,437 subcategories, and over 2.3 million SKUs in factory automation components [9]. Group 4: Digital Transformation and Information Technology - The company has made significant progress in digital transformation, including the establishment of an information system for its Vietnam subsidiary and automation of customer interactions, reducing order processing time by approximately 80% [10]. - AI technology has been integrated into various processes, enhancing cost reduction, product innovation, and decision-making [10].

Group 1 - Leisai Intelligent adjusted the share repurchase price limit from 25.00 yuan/share to 52.00 yuan/share [1] - Fulin Precision's subsidiary Jiangxi Shenghua signed a supplementary agreement with CATL, involving a 500 million yuan advance payment for production capacity [1] - Shenzhou Cell plans to issue up to 25 million A-shares to its controlling shareholder to raise no more than 900 million yuan for working capital [2] Group 2 - BOE Technology received a commitment for an 1.8 billion yuan stock repurchase loan from China Construction Bank [2] - Chengjian Development plans to publicly transfer 9.24% equity in Beijing Science and Technology Park Construction Group at a minimum price of 282 million yuan [2][3] - *ST Lingda's chairman and president Wang Mingsheng resigned, with Jin Yongfeng elected as the new chairman [4] Group 3 - Jiangsu Boyun's shareholder plans to reduce holdings by up to 3% of the company's shares [6] - Yuhua Tian's shareholders plan to reduce holdings by up to 6% of the company's shares [8] - Anpei Long's shareholder plans to reduce holdings by up to 3% of the company's shares [10] Group 4 - Dayu Water-saving plans to participate in the auction for 70% equity of Huai'an Design Institute [15] - InSai Group intends to purchase 80% equity of Zhizhe Brand for 642 million yuan [16] - Jinj Chicken's shareholder plans to reduce holdings by up to 2.99% of the company's shares [18] Group 5 - Chao Hongji's shareholder plans to reduce holdings by up to 3% of the company's shares [19] - Chuangye Huikang's shareholder intends to transfer 40 million shares to repay stock pledge financing [20] - Zhuangzi Island's shareholder plans to reduce holdings by up to 1% of the company's shares [21] Group 6 - *ST Renle received a decision from the Shenzhen Stock Exchange to terminate its stock listing [22] - SMIC's wholly-owned subsidiary plans to sell 14.832% equity of a subsidiary to Hunan Guoke Microelectronics [24]

Group 1 - In May, a total of 876 private equity managers participated in research on A-share listed companies, covering 494 stocks across 90 Shenwan secondary industries, with a total of 2,544 research instances [1] - 25 stocks received significant attention from private equity institutions, with research frequency exceeding 20 times; specifically, 17 stocks were researched 20-29 times, and 8 stocks had research frequency of at least 30 times [1] - 30 Shenwan secondary industries were researched at least 20 times, with 15 industries researched 20-49 times, 9 industries researched 50-99 times, and 6 industries exceeding 100 research instances [1] Group 2 - The semiconductor industry was the most favored by private equity research, with 30 stocks receiving a total of 226 research instances [1] - Other notable industries included medical devices, general equipment, automation equipment, specialized equipment, and chemical pharmaceuticals, each with research instances exceeding 100, and each industry having more than 10 stocks researched [1]

Group 1: Investor Relations Activities - The investor relations activities took place from May 19 to May 29, 2025, involving multiple sessions including on-site research and strategy meetings [5]. - A total of 16 participants from various investment firms attended the first on-site research session on May 19 [1]. - The activities included participation from 33 individuals in the third on-site research session and 73 individuals in the fourth session [2][3]. Group 2: Company Cost Advantages - The company maintains cost advantages over foreign brands primarily through low costs in R&D, marketing, and management [5]. - Compared to domestic brands, the company benefits from leading product design, scale effects in procurement and manufacturing, and effective quality control [5]. - The company employs rapid product iteration and optimization to enhance performance while reducing costs, ensuring stable gross margins despite competitive pressures [6]. Group 3: PLC and Industrial Robot Development - The company is increasing investment in medium to large PLC products, which are crucial for high-end applications in industries like photovoltaics and lithium batteries [7]. - The industrial robot business has seen significant growth due to a strong sales platform, extensive customer base, and continuous optimization of the regional sales network [8]. - The company plans to expand its industrial robot product series to meet diverse industry needs, with applications already established in sectors such as 3C, photovoltaics, and lithium batteries [9]. Group 4: Product Expansion and Market Opportunities - The company is actively expanding its product lines in automation, including pneumatic and guide rail products, to meet customer demands and explore new market opportunities [10]. - The elevator business is projected to grow steadily, focusing on expanding into multinational enterprises and enhancing service offerings in the aftermarket [11]. - The company aims to leverage its comprehensive elevator electrical solutions to capture market share among domestic and international clients [11].

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].