Company Overview - Guangzhou Delir Drinking Water Co., Ltd. has been established with a registered capital of 1 million RMB [1] - The legal representative of the company is Liu Xiangliang [1] Business Scope - The company engages in the sales of direct drinking water equipment and household appliances [1] - It offers rental services (excluding licensed rental services) and sales of pre-packaged food [1] - The company is involved in various technology services, including software development, artificial intelligence, and big data services [1] - It also provides consulting services related to water conservancy and information technology [1]

Core Viewpoint - The article emphasizes the importance of fundamental research and analysis in investment decision-making, highlighting the insights of Jiang Tong, a partner and fund manager at Jinglin Asset Management, regarding market dynamics and emerging sectors [3][4]. Group 1: Market Dynamics - Jiang Tong believes that the stock market's fundamentals are consistently better than the average macroeconomic performance, attributing this to the capital market's ability to represent the most dynamic and error-tolerant economic units [7]. - The government is enhancing its ability to address market failures through structured interventions, which aim to create long-term competitive advantages for industries [7][8]. - The "anti-involution" policy is seen as a significant indicator of this process, promoting reasonable profit margins for enterprises and reducing irrational pricing in international competition [7][8]. Group 2: Economic Indicators - Jiang Tong suggests that investors should start considering GNP (Gross National Product) alongside GDP (Gross Domestic Product) as the economy transitions to a moderate growth phase, with GNP growth outpacing GDP [9]. - There is a growing interest from foreign investors in Chinese assets, particularly in advanced manufacturing and new consumer trends [9]. Group 3: AI and Emerging Technologies - The article discusses the transition of AI from theoretical models to practical productivity tools, enhancing labor efficiency across various sectors [11]. - Jiang Tong identifies two key trends: the peak of capital expenditure in the U.S. due to tax incentives from the "Big and Beautiful" Act, and the increasing role of AI as a productivity tool, which is expected to yield returns for AI model companies [12][13]. - The article highlights the importance of tracking advancements in quantum computing, controllable nuclear fusion, and AI applications, particularly in drug discovery and scientific research [14]. Group 4: Investment Strategies - Jiang Tong's investment strategy includes a diversified portfolio across A-shares, Hong Kong stocks, and U.S. stocks, with a focus on sectors like advanced manufacturing, new consumption, and AI-related assets [15][16]. - The article notes that high-dividend stocks are considered a stable foundation in Jiang Tong's portfolio, with a strategy to reduce holdings in stocks with declining dividend attractiveness while maintaining positions in high-dividend leaders [17]. - To capture opportunities in emerging markets, Jiang Tong emphasizes the need for curiosity, continuous learning, and a systematic approach to research and investment [18].

Core Viewpoint - Nanjing Ningchuangyuan Technology Co., Ltd. has been established with a registered capital of 5 million RMB, focusing on various technology and industrial services [1] Company Overview - The legal representative of the company is Pang Qiang [1] - The registered capital of the company is 5 million RMB [1] Business Scope - The company engages in a wide range of services including technology services, development, consulting, and transfer [1] - It offers information technology consulting and general information consulting services [1] - The company is involved in the sales of electrical equipment, electrical signal devices, and power electronic components [1] - It also sells industrial robots and provides industrial internet data services [1] - The company is engaged in the installation and maintenance of industrial robots [1] - It provides engineering and technical research and experimental development services [1] - The company is involved in the sale and research of various instruments and tools, including electrical instruments and hardware products [1] - It offers software development and sales, as well as import and export agency services [1] - The company is involved in domestic trade agency and procurement agency services [1] - It provides certification consulting and engineering management services [1]

| 基金筒称 | 基金代码 | 持有股数 | 持仓变动 | 数据来源 | | --- | --- | --- | --- | --- | | 富国中证2000ETF | 563200 | 0.29万股 | 新进十大 | 2025基金半年报 | 据证券之星公开数据整理，近期华是科技(301218)发布2025年中报。截至本报告期末，公司营业总收入 1.94亿元，同比上升71.02%，归母净利润-1153.95万元，同比下降6.33%。按单季度数据看，第二季度营 业总收入5706.29万元，同比下降22.11%，第二季度归母净利润-958.51万元，同比上升0.92%。本报告期 华是科技盈利能力上升，毛利率同比增幅1.65%，净利率同比增幅37.41%。 本次财报公布的各项数据指标表现一般。其中，毛利率14.19%，同比增1.65%，净利率-6.68%，同比增 37.41%，销售费用、管理费用、财务费用总计2685.61万元，三费占营收比13.87%，同比减45.93%，每 股净资产8.12元，同比增0.67%，每股经营性现金流-0.24元，同比减49.98%，每股收益-0.1元 | 项目 | 2024年中报 | ...

Group 1 - The enthusiasm for stock buybacks among A-share listed companies remains strong, with 197 companies having repurchased over 100 million yuan as of August 27, 2023, including 28 companies that repurchased over 500 million yuan [1] - The core drivers for the increase in buybacks this year include policy support, market confidence restoration, and institutional improvements, as stated by industry experts [1] - The People's Bank of China and the China Securities Regulatory Commission held a meeting in January to discuss stock buyback financing, indicating that companies actively managing their market value are typically high-quality firms with strong management confidence [1] Group 2 - Hongrun Construction Group announced a plan to use self-raised funds and buyback special loans to repurchase A-shares, with a total buyback amount between 150 million yuan and 300 million yuan, and a maximum loan amount of 270 million yuan [2] - Juguang Technology (Hangzhou) also announced a buyback plan with a total amount between 100 million yuan and 150 million yuan, including a loan of 135 million yuan, aimed at employee stock ownership plans [2] - The use of stock buybacks for employee incentives is seen as a strategy to attract and retain talent, thereby supporting long-term company development [2]

Group 1 - China is both a major destination for foreign investment and a leading country for outbound investment globally [1][3] - In 2024, China's outbound investment is projected to reach $162.78 billion, marking a year-on-year growth of 10.1%, maintaining a top position worldwide [3] - Since 2012, China's outbound investment flow has ranked among the top three globally for 13 consecutive years, with over 50,000 enterprises established overseas by the end of 2024 [3] Group 2 - China's outbound investment stock exceeds $3 trillion, accounting for 7.2% of global outbound investment, with a continuous increase in international competitiveness of Chinese enterprises [3] - The investment landscape is diversifying across 18 sectors, with nearly 80% of investments concentrated in manufacturing, finance, information technology, wholesale and retail, and leasing and business services [3] - Emerging sectors such as green low-carbon, digital economy, green minerals, and blue economy are also seeing steady investment growth [3] Group 3 - In 2024, direct investment in Belt and Road Initiative countries is expected to reach $50.99 billion, a 22.9% increase, representing 26.5% of China's total outbound investment [3] - By the end of 2024, the investment stock in Belt and Road countries will amount to $370 billion, making up 11.8% of the total outbound investment stock [3] - The Belt and Road Initiative has significantly promoted the rapid development of China's outbound investment, showcasing China's commitment to open cooperation [3]

天眼查App显示，近日，湖北本末蕲艾科技有限公司成立，法定代表人为邓文斌，注册资本100万人民 币，经营范围为一般项目：信息技术咨询服务，技术服务、技术开发、技术咨询、技术交流、技术转 让、技术推广，第一类医疗器械生产，第一类医疗器械销售，第二类医疗器械销售，农产品的生产、销 售、加工、运输、贮藏及其他相关服务，中草药种植，中草药收购，地产中草药（不含中药饮片）购 销，食品销售（仅销售预包装食品），卫生用品和一次性使用医疗用品销售，个人卫生用品销售，化妆 品零售，化妆品批发，互联网销售（除销售需要许可的商品），工艺美术品及礼仪用品销售（象牙及其 制品除外），工艺美术品及礼仪用品制造（象牙及其制品除外），中医养生保健服务（非医疗），养生 保健服务（非医疗），食品互联网销售（仅销售预包装食品），日用百货销售，日用品批发，日用品销 售，农副产品销售，日用化学产品销售，化工产品销售（不含许可类化工产品），生物化工产品技术。 ...

Market Overview - The Shanghai Composite Index fell by 0.39% to close at 3868.38 points, with a daily high of 3888.6 points [1] - The Shenzhen Component Index increased by 0.26% to close at 12473.17 points, reaching a high of 12561.49 points [1] - The ChiNext Index decreased by 0.76% to close at 2742.13 points, with a peak of 2773.24 points [1] Margin Trading and Securities Lending - The total margin trading and securities lending balance in the Shanghai and Shenzhen markets reached 22002.32 billion yuan, with a financing balance of 21847.81 billion yuan and a securities lending balance of 154.51 billion yuan [2] - The margin trading and securities lending balance increased by 192.81 billion yuan compared to the previous trading day [2] - The Shanghai market's margin trading balance was 11225.47 billion yuan, up by 106.55 billion yuan, while the Shenzhen market's balance was 10776.85 billion yuan, increasing by 86.26 billion yuan [2] Fund Issuance - Five new funds were issued yesterday, including the following: - Jianxin SSE Sci-Tech Innovation Board 200 ETF Link A - Fuguo CSI Satellite Industry ETF - Jianxin SSE Sci-Tech Innovation Board 200 ETF Link C - Fuguo Anjing 120-Day Rolling Bond Initiation C - Fuguo Anjing 120-Day Rolling Bond Initiation A [4] Top Margin Buying Stocks - The top three stocks by margin buying amount were: - Dongfang Caifu with 28.77 billion yuan - Shenghong Technology with 28.52 billion yuan - Zhongke Shuguang with 28.03 billion yuan [3] Top Net Buying Stocks on the Dragon and Tiger List - The top ten net buying amounts on the Dragon and Tiger list were: - Tuo Wei Information with 69377.61 million yuan - Geer Shares with 38888.87 million yuan - Lingyi Manufacturing with 29864.41 million yuan - Huasheng Tiancheng with 24384.14 million yuan - Chengfei Integration with 17443.07 million yuan - Seli Medical with 14613.6 million yuan - Electric Wind Power with 13912.6 million yuan - Zhengyuan Wisdom with 12736.86 million yuan - Wuchan Zhongda with 11642.52 million yuan - Zhongyou Capital with 11618.07 million yuan [6]

Core Viewpoint - The 2025 Service Trade Fair in Beijing will focus on the theme "Digital Intelligence Leading, Service Trade Renewed," featuring six types of activities including global summits, exhibitions, forums, and promotional events, emphasizing international participation and technological empowerment [1][2]. Group 1: International Participation - The global service trade summit will be co-hosted by UNCTAD, the Ministry of Commerce, and the Beijing municipal government, inviting foreign dignitaries and international organization leaders to discuss new trends in service trade [1]. - Australia will be the guest country, bringing nearly 60 enterprises to participate deeply and host promotional activities, while 54 countries and 21 international organizations will set up exhibitions [1]. Group 2: Technological Empowerment - The fair will emphasize the application of technology and intelligence, showcasing new technology application scenarios, solutions, and the additional services behind products [1]. - Interactive elements such as a digital human guide, AI-driven biomedical research demonstrations, and robot-assisted food preparation will enhance the experience [1]. Group 3: Authority and Industry Development - The event will feature 13 thematic forums, over 80 specialized forums, and more than 70 promotional sessions, with over 200 high-profile domestic and international guests discussing cutting-edge topics and releasing authoritative reports on digital trade and tourism city development [2]. Group 4: Service Brand Promotion - Over 100 enterprises will launch more than 190 new products and achievements, including the world's first 3D-printed polymer fatigue-resistant absorbable vascular stent and the first domestic quantum computer exceeding 1,000 bits [2]. - The fair will also promote service demonstration cases in AI and green innovation, enhancing the commercial value of "Beijing Services" and "China Services" [2]. Group 5: Interactive Experience - The fair will host over 40 diverse supporting activities, utilizing unique industrial scenes to create new service consumption formats, including art performances, cultural tourism markets, and sports events [2]. - More than 10 inspection routes will be launched to promote the integration of culture, commerce, and tourism [2]. Group 6: Venue and Infrastructure - This year's fair will be held at Shougang Park, which has undergone significant renovations to facilitate the integration of exhibitions, meetings, and experiential activities within a 3 square kilometer area [3]. - Shougang Park aims to establish a garden-style "exhibition town" to provide new offerings for the city's exhibition industry and set a new benchmark for urban renewal [3].

天眼查App显示，近日，厦门禧诚工艺发展有限公司成立，法定代表人为林毅诚，注册资本51万人民 币，经营范围为一般项目：工艺美术品及收藏品零售（象牙及其制品除外）；工艺美术品及收藏品批发 （象牙及其制品除外）；工艺美术品及礼仪用品销售（象牙及其制品除外）；工艺美术彩灯制造；货物 进出口；技术进出口；信息技术咨询服务；集成电路设计；信息系统集成服务；技术服务、技术开发、 技术咨询、技术交流、技术转让、技术推广；半导体器件专用设备销售；集成电路销售；数字文化创意 技术装备销售；数字文化创意软件开发；数字文化创意内容应用服务；专业设计服务。（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）。 ...