Group 1 - The market experienced a net inflow of funds, but trading activity decreased, with total A-share turnover at 54.695 trillion yuan, down from the previous week, and turnover rate at 6.49%, also a decline [9][10] - The net inflow of funds totaled 13.398 billion yuan, indicating a strengthening liquidity [9][10] - The IPO financing scale was 604 million yuan, while refinancing was 297 million yuan, reflecting a decrease in both activities [9][10][36] Group 2 - The net cash injection in the domestic market was 656.6 billion yuan, with the DR007 and R007 rates rising, leading to a narrowing of the interest rate spread [11][12] - The yield on 10-year government bonds decreased by 4 basis points, while the yield on 1-year bonds increased by 2 basis points, resulting in a reduced yield spread [11][12] - Market expectations for the Federal Reserve not to cut interest rates in June rose to 94.4% [11][19] Group 3 - The trading structure showed a decrease in turnover rates across major indices, with a simultaneous decline in transaction volumes [20][22] - The issuance scale of equity funds was 9.226 billion yuan, which was lower than the previous week [22] - The net inflow of ETF shares increased by 5.46 billion shares, with the largest inflow seen in the CSI 500 ETF [28][30] Group 4 - The top five sectors for increased positions in equity funds were pharmaceuticals (+0.59%), computers (+0.25%), agriculture, forestry, animal husbandry, and fishery (+0.11%), media (+0.11%), and real estate (+0.10%) [23][24] - The sectors with the largest reductions in positions included electric power equipment (-0.35%), automobiles (-0.31%), food and beverage (-0.18%), non-ferrous metals (-0.18%), and household appliances (-0.10%) [23][24] - The total amount of restricted shares released was 12.002 billion yuan, with electronics, computers, and communications being the top three sectors [40][41]

Core Viewpoint - The company Yimikang (依米康) plans to raise up to 311.22 million yuan through a private placement of A-shares to specific investors, aimed at funding projects related to computing power infrastructure and working capital [1][2]. Group 1: Fundraising Details - The total amount to be raised is capped at 311.22 million yuan, which will be used for temperature control product construction, R&D testing platforms, and working capital [1]. - The shares will be issued as domestic listed ordinary shares (A-shares) with a par value of 1.00 yuan each, and the issuance will be limited to no more than 35 specific investors [1][2]. - The final issuance price will be determined after obtaining approval from the China Securities Regulatory Commission (CSRC) and will be based on the fundraising amount divided by the final issuance price [2]. Group 2: Shareholder Structure and Control - The issuance will not exceed 30% of the company's total share capital prior to the issuance, amounting to a maximum of 132,146,398 shares [2]. - As of the announcement date, the controlling shareholders hold 32.52% of the company's equity, and the issuance is not expected to change the control of the company due to the limited dilution effect [2]. Group 3: Financial Performance - The company's revenue for 2022, 2023, and projected for 2024 are 879 million yuan, 801 million yuan, and 1.145 billion yuan respectively [3]. - The net profit attributable to shareholders for the same years are -32.45 million yuan, -216 million yuan, and -871.37 million yuan, indicating ongoing financial challenges [3]. - The net cash flow from operating activities shows fluctuations, with figures of 39.51 million yuan, -121 million yuan, and 103 million yuan over the same period [3].

Group 1: Consumer Goods and Market Trends - The sales volume of consumer goods through the old-for-new program has exceeded 1 trillion yuan as of June 1, indicating a strong recovery in consumption [1] - As of May 31, the old-for-new program has driven a total sales volume of 1.1 trillion yuan across five major categories, with approximately 175 million subsidies issued to consumers [1] - The automotive sector has seen 4.12 million subsidy applications, while 49.86 million consumers purchased 77.62 million units of 12 major categories of home appliances [1] Group 2: Stock Market Analysis - The A-share market is experiencing rapid shifts in hotspots, with technology sectors leading the gains, although uncertainties remain due to ongoing overseas tariff issues [2] - The average price-to-earnings ratios for the Shanghai Composite Index and the ChiNext Index are at 13.69 times and 35.8 times, respectively, indicating a suitable environment for medium to long-term investments [3] - The market is expected to continue a pattern of oscillation and rotation of hotspots, with a focus on technology and consumer sectors [4] Group 3: Stablecoin Industry Developments - Circle, the issuer of the USDC stablecoin, plans to go public on the NYSE, aiming to raise up to $624 million with a total valuation of $6.7 billion [5] - The global stablecoin market is projected to reach nearly $240 billion by April 2025, with USDT and USDC dominating the market with a combined share of nearly 90% [5] - Stablecoins are increasingly being utilized in various payment and transaction scenarios, with a total transfer volume expected to reach $27.6 trillion in 2024, surpassing traditional payment giants [6] Group 4: Industrial Software and Investment Opportunities - The inclusion of industrial software in the "two new" policy is expected to stimulate investment and development in the sector, with a projected market size of 333.2 billion yuan by 2024 [8][9] - The government aims to update approximately 200,000 sets of industrial software and 80,000 sets of operating systems by 2027, focusing on key industries such as petrochemicals and aerospace [8] - Companies like Saiyi Information and Dingjie Zhizhi are recommended for investment due to their involvement in the industrial software sector [9] Group 5: Solid-State Battery Market Insights - Solid-state batteries are anticipated to play a crucial role in the global energy market, with expected shipments reaching 614.1 GWh by 2030 [10][11] - The market for solid-state batteries is driven by demand from electric vehicles, low-altitude economy, and robotics, with significant advantages over traditional lithium-ion batteries [10] - Investment opportunities in the solid-state battery sector include companies such as Sanxiang New Materials and Shanghai Xiba [12]

渤海证券指出，指数持续在合理水平震荡。未来，市场的机会将取决于市场的增量性变化，市场如因外 部风险、基本面、投资者情绪等因素导致意外下行，则从"稳定"的维度看，维稳资金的呵护将有助于市 场阶段性底部的形成，市场也将由此呈现下有底的特征。如果市场延续震荡特征，则应结合高质量发展 的内涵，进行结构性布局，等待板块层面的增量性催化。行业方面，延续哑铃型配置策略，一方面可关 注管理层多措并举推动险资入市以及公募新规长期影响尚待明朗下，股息率较高且属于相对低配板块的 银行行业；另一方面，可关注短期迎来增量信息催化下新消费领域的主题性投资机会。 光大证券认为，政策的持续支持以及中长期资金积极流入背景下，A股市场有望震荡上行。当前A股市 场的估值处于2010年以来的均值附近，而随着政策的积极发力，中长期资金带来的增量资金或将持续流 入市场，对资本市场形成托底，A股市场有望震荡上行。配置方向上，关注三类资产。方向一：稳定类 资产，如高股息、黄金。稳定类资产能够在市场面临不确定时提供确定性。方向二：产业链自主可控。 在"双循环"新发展格局和全球产业链重构的双重驱动下，国产替代相关机会也值得关注。方向三：内需 消费。海外政策可能 ...

Market Overview - The market experienced a rebound on May 29, with the Shanghai Composite Index rising by 0.7%, the Shenzhen Component Index increasing by 1.24%, and the ChiNext Index gaining 1.37% [1] - Over 4,400 stocks in the market rose, with more than a hundred stocks hitting the daily limit up [1] - The total trading volume in the Shanghai and Shenzhen markets reached 1.19 trillion yuan, an increase of 175.5 billion yuan compared to the previous trading day [1] Sector Performance - Leading sectors included unmanned vehicles, digital currency, software development, and innovative pharmaceuticals, while sectors such as gold, glyphosate, food, and banking saw declines [1] - The top-performing sectors experienced significant gains after a prolonged period of adjustment, indicating a recovery trend [8] Individual Stock Performance - The median increase for all stocks in the market was 1.35%, suggesting that stocks outperforming this benchmark may have more potential for sustained growth [14] - Notable sectors with recent activity included innovative pharmaceuticals, nuclear power, and unmanned vehicles, alongside emerging themes like cross-border payments and digital currency [15][16] Policy and Economic Context - The Chinese government has introduced measures to enhance cross-border financial services, which may benefit sectors related to digital currency and cross-border payments [16] - The Chairman of the China Securities Regulatory Commission emphasized the importance of market stability for economic and social stability, highlighting the government's commitment to maintaining a stable capital market [19][20][21]

Group 1 - The company plans to purchase servers from multiple suppliers with a total contract amount not exceeding RMB 4 billion, primarily for providing computing power leasing services [1] - The servers will be located in Shenzhen, with a scheduled pre-delivery time of July 2025 [1] - The transaction was approved unanimously by the company's board and supervisory board, and it will be submitted for shareholder approval, as it exceeds 50% of the company's latest audited net assets and total assets [1] Group 2 - As of the end of 2024, the company's cash balance was RMB 1.527 billion, while total interest-bearing liabilities amounted to RMB 2.006 billion [2] - The long-term borrowings were reported at approximately RMB 409.83 million, with short-term borrowings and other liabilities contributing to the total interest-bearing liabilities [4]

Group 1 - HSBC Global Research has lowered Lenovo Group's target price from HKD 14.8 to HKD 12.1 while maintaining a buy rating [1] - The reduction in earnings per share estimates for the fiscal years 2026 and 2027 is by 12% and 18% respectively, due to slowing PC shipment growth and the nominal interest on USD 2 billion convertible bonds [1] - Despite the weak shipment outlook, Lenovo's PC product mix is improving, with a projected quarter-on-quarter sales growth of approximately 5% for the IDG business (personal computers and mobile devices) by the end of June [1] Group 2 - Lenovo's management anticipates that the penetration rates of commercial and AI computers will drive growth momentum, despite uncertainties in shipment volumes [1] - The company is expected to see an acceleration in the personal computer upgrade cycle, leading to a recovery in IDG business gross margins in fiscal year 2026 [1] - Lenovo's ISG business is projected to remain profitable, with an expected operating profit of USD 43 million in fiscal year 2026, a significant turnaround from an operating loss of USD 69 million in fiscal year 2025 [1]

Core Viewpoint - The computing power leasing concept is experiencing a partial recovery, with Xiechuang Data's stock rising over 8% [1] Company Summary - Xiechuang Data plans to purchase servers from multiple suppliers, with a total investment not exceeding 4 billion yuan [1] - The total amount invested in server purchases by Xiechuang Data this year is expected to reach 7 billion yuan, approaching the company's total revenue for the fiscal year 2024 and its total assets as of the end of last year [1] Industry Summary - Other companies in the sector, such as Annuoqi, Jinjis Co., Kehua Data, and Hongbo Co., also saw significant stock price increases [1]

北京市中伦（深圳）律师事务所 关于深圳市新国都股份有限公司 法律意见书 二〇二五年五月 北京 • 上海 • 深圳 • 广州 • 成都 • 武汉 • 重庆 • 青 岛 • 杭州 • 香港 • 东京 • 伦敦 • 纽约 • 洛杉矶 • 旧金山 Beijing • Shanghai • Shenzhen • Guangzhou • Chengdu • Wuhan • Chongqing • Qingdao • Hangzhou • Hong Kong • Tokyo • London • New York • Los Angeles • San Francisco 北京市中伦（深圳）律师事务所 关于深圳市新国都股份有限公司 法律意见书 致：深圳市新国都股份有限公司 根据《中华人民共和国公司法》 （以下简称"《公司法》"）、 《中华人民共和国 证券法》（以下简称"《证券法》"）、中国证券监督管理委员会（以下简称"中国 证监会"）发布的《上市公司股权激励管理办法》 （以下简称"《管理办法》"）、深 圳证券交易所发布《深圳证券交易所创业板股票上市规则（2025 年修订）》 （以下 简称"《上市规则》"）及《深圳证券交易所 ...

深圳市新国都股份有限公司 董事会审计委员会工作细则 第一章 总则 第一条 为强化深圳市新国都股份有限公司（以下简称公司）董事会决策能 力，健全董事会的审计评价和监督机制，确保董事会对管理层的有效监督，完善 公司治理结构，根据《中华人民共和国公司法》（以下简称《公司法》）以及《深 圳市新国都股份有限公司章程》（以下简称《公司章程》）及其他有关法律法规 及规范性文件的规定，公司设立董事会审计委员会，并制订本工作细则（以下简 称本细则）。 第二条 董事会审计委员会是董事会下设的专门工作机构。审计委员会行使 《公司法》规定的监事会的职权，依照《公司章程》的规定和本工作细则的职责 范围履行职责，独立工作不受公司其他部门或个人的干预。 第二章 人员组成 第三条 审计委员会成员由三名董事组成，成员应当为不在公司担任高级管 理人员的董事，其中独立董事过半数，且不得与公司存在任何可能影响其独立客 观判断的关系，成员中至少有一名独立董事为会计专业人士。 第四条 审计委员会委员(以下简称委员)由董事长、二分之一以上独立董事 或者三分之一以上全体董事提名，并由董事会选举产生。 第十条 审计委员会指导和监督审计监察部工作。在指导和监督 ...