荣耀冲刺A股上市，2024年四季度完成股改，中国移动、中国电信等多家央国企陆续参股 中国证监会网上办事服务平台（试运行）信息显示，6月26日，荣耀终端股份有限公司首次公开发行股票并上市辅导备案报告公布。辅导 机构为中信证券，当前辅导状态为"辅导备案"。这标志着自2020年从华为体系中剥离独立后，荣耀正式迈出冲刺A股的重要一步。若成功 登陆资本市场，荣耀有望成为A股首家以AI终端生态为核心的上市公司。 目前，已经有20多家股东入股荣耀。2024年，中国移动、中国电信等多家央国企陆续参股荣耀，这大大增强了荣耀的资本实力。 据乐居财经消息，就在上市前夕，荣耀高管剧烈变动。2025年1月，原荣耀CEO赵明因个人原因辞去董事、CEO职务，由公司董事李健接 任。李健之前曾在华为任职，并在荣耀独立后担任高管。随后荣耀中国区CMO姜海荣、荣耀中国区销售部部长郑树宝等多位高管也陆续 离职。 据IDC数据显示，在2022年，荣耀在中国手机的市场份额达到18.1%，到2023年降至17.1%，而到2024年降至15%，再到今年一季度降至 13.7%。 荣耀在国内手机市场的市场占有率的排名，则从2022年的第二名一路降至第六位，是目 ...

宏观&行业 美国推出稳定币目的何在？ 6月中旬，美国参议院通过《指导与建立美国稳定币国家创新法案》，制定了与美元挂钩的稳定币监管 规则。自此，2500亿美元市场规模的稳定币正式登上美国金融的舞台。与美元资产绑定后，能够使得稳 定币币值相对稳定。因此，按照美国的设想，随着稳定币市场的扩张，预计到2030年将达到3.7万亿美 元，而稳定币发行商将成为美国国债最大的持有者之一。从国际收支的角度来看，维系美元循环的平衡 正在被打破。美国积极推动稳定币的目的，并不仅仅是为了化解美债风险，其更大的目标还在于加深美 元对全球金融体系的影响。如果稳定币不加限制地传播，美元的影响力将更加侵蚀他国的主权货币体 系。意大利财政部长已发出警告，与美元挂钩的稳定币可能"排挤"欧元。而对于那些本币系统脆弱、通 胀高企的发展中国家而言，这种冲击将更为直接和猛烈。 香港40家机构获批虚拟资产交易牌照 近日，国泰海通旗下的香港子公司国泰君安国际控股有限公司获香港证监会批准，成为首家可提供全方 位虚拟资产相关交易服务的香港中资券商。这则消息迅速引爆了市场，6月25日，国泰君安国际大涨近 200%，带动香港中资券商指数单日大涨11.75%，A股天 ...

荣耀终端股份有限公司近日在深圳证监局获得上市辅导备案，这标志着该公司正式踏出A股IPO的关键步伐。中信 证券担任辅导券商，辅导工作将分三个阶段推进，从2025年6月持续至2026年3月。这一进展意味着A股市场可能 迎来首家AI终端生态企业。 目前荣耀的控股股东是深圳市智信新信息技术有限公司，直接持股比例达49.55%。公司所处行业为计算机、通信 和其他电子设备制造业。自2020年11月深圳市智信新信息技术有限公司完成对荣耀品牌及相关业务资产收购后， 荣耀开启了独立发展道路。 2024年，荣耀加速引入重量级股东，中国移动、中国电信、中金资本旗下基金等多家央企和国企相继入股。截至 目前，荣耀已汇聚超过20家实力雄厚的股东，包括地方国资、运营商、经销商、供应商以及第三方资本。这些股 东的加入为荣耀IPO之路奠定了坚实基础，提升了公司治理水平与市场竞争力。 AI生态战略布局与业务拓展 2025年1月17日，李健接任荣耀CEO职务。今年3月，李健在巴塞罗那世界移动通信大会上发布"阿尔法战略"，宣 告荣耀将全面转型为AI终端生态公司。该战略计划在未来五年内投入100亿美元，加速在AI领域的布局与创新。 在"阿尔法战略"指 ...

Core Insights - In the first five months of the year, profits of large-scale industrial enterprises increased by 603.4 billion yuan compared to the previous four months, but saw a year-on-year decline of 1.1% due to insufficient effective demand, falling industrial product prices, and short-term fluctuations [1][3] - The cumulative profit of large-scale industrial enterprises showed a recovery trend, with a year-on-year increase of 0.8% in January-March and 1.4% in April [3] - The overall revenue of large-scale industrial enterprises reached 54.76 trillion yuan, a year-on-year increase of 2.7%, while operating costs rose by 3% to 46.88 trillion yuan, resulting in a profit margin of 4.97%, down by 0.19 percentage points year-on-year [4] Profit Composition - The profit composition indicates that investment income and other short-term factors from the previous year had a high base, which dragged down the profit growth rate by 1.7 percentage points [1] - The gross profit of large-scale industrial enterprises increased by 1.1% year-on-year, contributing to a 3 percentage point increase in overall profits [4] Sector Performance - In terms of sector performance, the mining industry saw a profit decline of 29% to 358.04 billion yuan, while the manufacturing sector's profits increased by 5.4% to 20,201.4 billion yuan, and the electricity, heat, gas, and water production and supply sector grew by 3.7% to 3,422.5 billion yuan [3][5] - Notably, the agricultural and food processing industry experienced a profit increase of 38.2%, while the automotive manufacturing sector faced a significant decline of 11.9% [5] Equipment Manufacturing - The equipment manufacturing sector demonstrated strong performance, with profits increasing by 7.2%, contributing 2.4 percentage points to the overall profit growth of large-scale industries [5] - Among the eight industries within equipment manufacturing, seven reported profit growth, with electronics, electrical machinery, and general equipment showing double-digit growth rates [5] High-Quality Development - The aerospace, aviation, and maritime industries experienced a remarkable profit increase of 56% due to rapid development in the "three aviation" sectors [6] - Policies promoting equipment upgrades and consumer goods replacement have positively impacted profits in related sectors, with significant growth in smart consumer devices and kitchen appliances [6] Future Outlook - The focus for the next phase will be on implementing proactive macro policies to strengthen domestic circulation, enhance innovation, and promote high-quality industrial development, laying a solid foundation for the recovery of industrial enterprise profits [6]

【导读】荣耀启动A股IPO征程，获得上市辅导备案 中国基金报记者 邱德坤 中国证监会网上办事服务平台（试运行）显示，6月26日，荣耀终端股份有限公司（以下简称荣耀） 启动 上市辅导备案，辅导机构为中信 证券。 这意味着，荣耀正式启动A股IPO征程。据悉，荣耀是中国前五大手机厂商之一， 曾 在2023年末宣布将通过首发上市的方式进入资本市 场，之后的每一步进展都引发市场广泛关注。 控股股东持股比例曝光 启动上市辅导备案前夕动作不断 辅导备案报告显示，荣耀成立于2020年4月1日，注册资本达322.39亿元，法定代表人为吴晖，所处行业为计算机、通信和其他电子设备 制造业。 目前，荣耀的控股股东是深圳市智信新信息技术有限公司，直接持股比例达49.55%。 荣耀上市辅导备案时间表曝光 辅导备案报告显示，荣耀的上市辅导工作分为三个阶段，时间从2025年6月持续至2026年3月。 2025年6月至2025年9月，中信证券将对荣耀进行摸底调查，形成全面整改方案，并且梳理荣耀的历史沿革，对荣耀进行财务培训，协助 其建立完善的内部控制制度。 2025年10月至2025年12月，中信证券将与荣耀探讨股份公司的业务发展目标、募集资 ...

Core Viewpoint - The stock of Beifang Navigation Control Technology Co., Ltd. experienced an abnormal trading fluctuation, with a cumulative closing price increase of 20% over three consecutive trading days from June 24 to June 26, 2025 [2][6]. Group 1: Stock Trading Abnormality - The company's stock price deviation reached a cumulative increase of 20% over three trading days, qualifying as an abnormal trading fluctuation according to the Shanghai Stock Exchange rules [2][6]. - The company confirmed that there is no undisclosed information that should have been disclosed as of the announcement date [3][8]. Group 2: Business Operations - The company's production and operations are normal, with no significant changes in the business environment or industry policies [4][7]. - The main business remains stable, focusing on dual-use military and civilian products, particularly in navigation control and ammunition information technology [13]. Group 3: Major Events and Shareholder Actions - The company verified that there are no undisclosed major events such as asset restructuring, share issuance, or significant business cooperation [8]. - On June 26, 2025, the company's general manager and financial director sold shares in accordance with a previously announced share reduction plan, with the general manager selling 49,600 shares at 14.28 CNY per share and the financial director selling 97,900 shares at 14.29 CNY per share [10].

Group 1 - The core viewpoint of the news is that Hengwei Technology (603496) has experienced a significant decline in revenue and net profit in the latest quarterly report, indicating potential challenges for the company moving forward [1][3] - As of June 26, 2025, Hengwei Technology's stock closed at 25.28 yuan, with a slight increase of 0.96% and a trading volume of 15.88 million shares, amounting to a transaction value of 403 million yuan [1] - The company's latest quarterly performance shows total operating revenue of 125 million yuan, a year-on-year decrease of 51.89%, and a net profit attributable to shareholders of 7.9 million yuan, down 119.56% year-on-year [1] Group 2 - Hengwei Technology has made investments in 16 companies and participated in 134 bidding projects, indicating active engagement in business expansion [2] - The company holds 6 trademark registrations and 116 patents, showcasing its focus on intellectual property and innovation [2] - Hengwei Technology has 5 administrative licenses, which may reflect its compliance and operational capabilities within the industry [2]

企业名称所托（徐州）智能设备有限公司法定代表人刘宗刚注册资本3000万人民币国标行业制造业>计 算机、通信和其他电子设备制造业>电子器件制造地址江苏省徐州经济技术开发区龙湖南路11号金龙湖 科技金融广场A座645室企业类型有限责任公司（非自然人投资或控股的法人独资）营业期限2025-6-25 至无固定期限登记机关徐州经济技术开发区行政审批局 来源：金融界 序号股东名称持股比例1所托（杭州）汽车智能设备有限公司100% 经营范围含许可项目：道路货物运输（不含危险货物）（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，具体经营项目以审批结果为准）智能车载设备制造；专用设备制造（不含许可类专业设 备制造）；汽车零部件及配件制造；计算机软硬件及外围设备制造；汽车零部件研发；人工智能基础软 件开发；普通机械设备安装服务；人工智能行业应用系统集成服务；物联网应用服务；汽车零配件零 售；机械设备租赁；人工智能应用软件开发；信息技术咨询服务；软件开发；信息系统集成服务；计算 机系统服务；智能控制系统集成；数据处理和存储支持服务；计算机软硬件及辅助设备批发；计算机软 硬件及辅助设备零售；计算机及通讯设备租赁；软件销售； ...

Core Viewpoint - The Civil Aviation Administration of China (CAAC) has issued an emergency notice prohibiting passengers from carrying non-compliant power banks on domestic flights due to safety risks associated with lithium battery products [1][2]. Group 1: Regulatory Actions - Starting June 28, passengers are banned from bringing power banks without 3C certification, unclear 3C labels, or recalled models on domestic flights [1]. - The CAAC has decided to implement stricter control measures based on international guidelines for the safe transport of dangerous goods [1][2]. - Airlines and related entities are required to enhance awareness and communication regarding the safety risks of power banks [2]. Group 2: Safety Incidents - There have been multiple incidents of power banks overheating and causing smoke in-flight, leading to emergency interventions by flight crews [4]. - Notable incidents include a power bank smoking on a flight from Zhoushan to Jieyang on June 13, and another incident involving a camera battery and power bank on a flight from Hangzhou to Shenzhen on May 31 [4]. - The French aviation accident investigation agency linked a fire incident on a flight from Hangzhou to Hong Kong to a power bank overheating, specifically identifying a Romoss brand device [4]. Group 3: Manufacturer Responses - Major brands like Anker Innovations and Romoss have issued recalls due to safety concerns with their power banks, with Anker recalling 710,000 units in China and 1.158 million in the U.S., while Romoss recalled 490,000 units domestically [4].

昨天（6月25日），市统计局公布1至5月经济运行数据，我市积极应对复杂多变的外部环境，着力 稳生产、育动能、提信心，加快政策效应释放，经济总体保持平稳运行态势。 1至5月，全市规模以上工业总产值19061.1亿元，同比增长4.7%。全市规模以上工业增加值同比增 长8.1%。35个工业行业大类中，有24个行业产值同比增长，行业增长面达68.6%。其中，计算机、通信 和其他电子设备制造业，电气机械和器材制造业产值分别增长7.6%、6.7%。先进制造业较快增长，规 模以上高新技术产业产值同比增长7.1%，占规模以上工业总产值的比重达56.2%，同比提高1.9个百分 点。 1至4月，全市规模以上服务业实现营业收入2003.8亿元，同比增长8.6%。其中，租赁和商务服务业 营业收入同比增长12.3%，交通运输、仓储和邮政业营业收入增长12.0%，两大行业合计拉动规模以上 服务业营业收入增长6.3个百分点。 今年前5月，全市完成固定资产投资2620.0亿元，同比增长0.1%。工业投资920.3亿元，同比增长 16.1%。工业投资占固定资产投资比重35.1%，同比提高4.8个百分点。基础设施投资增势良好，同比增 长10.1 ...