Economic Overview - In May, Guangzhou's economic performance showed recovery in demand and a rebound in the consumer market, supported by growth-stabilizing policies and strong holiday economic activity [1] - From January to May, the total retail sales of consumer goods in Guangzhou reached 469.994 billion RMB, representing a year-on-year increase of 5.1% [1] Industrial Performance - The industrial added value above designated size in Guangzhou experienced a year-on-year decline of 0.7% from January to May [1] - The new generation information technology industry is growing rapidly, with production of liquid crystal display modules, analog chips, and industrial robots increasing by 150%, 29.2%, and 9.0% respectively [1] - The low-altitude economy is steadily advancing, with the production of civilian drones increasing by 26.8% [1] Investment Trends - Fixed asset investment in Guangzhou grew by 0.7% year-on-year from January to May [1] - In advanced manufacturing, investment in general equipment manufacturing and instrument manufacturing increased by 23.0% and 250% respectively [1] - Investment in social welfare sectors such as education, health, social work, and sports all saw growth exceeding 10% [1]

Core Viewpoint - The Strategic Emerging Industries Purchasing Managers Index (EPMI) fell by 3.1 points to 47.9 in June, marking the lowest level for the same period since 2014, indicating a weakening economic environment in the traditional manufacturing off-season [1][5][6]. Group 1: EPMI and Economic Indicators - The EPMI's decline is slightly greater than the seasonal average decline of 1.1 points observed from 2014 to 2024 [1][7]. - The absolute value of 47.9 is 1.4 points lower than the same period last year, reflecting a significant downturn in emerging industries [8][9]. - Among seven sub-sectors of strategic emerging industries, only two are in the expansion zone, a decrease of one from May [9]. Group 2: Supply and Demand Indicators - Production and product order indices fell by 5.5 and 6.0 points respectively in June [2][11]. - The production-to-order ratio increased to 2.0, indicating that demand is declining faster than supply, although it remains below the three-year average [2][12]. - Export orders decreased by 6.6 points, which is a larger drop than overall orders, suggesting a potential downward adjustment in export growth [2][11]. - Purchasing and selling prices fell by 2.4 and 1.2 points respectively, continuing a three-month trend of decline [2][13]. - Research and development activities increased by 2.1 points, ending a three-month decline, but new product launches have decreased for four consecutive months [2][15]. Group 3: Sector Performance - New materials and next-generation information technology are the only two sectors in the expansion zone, with new materials leading for two months and next-generation information technology for four months [3][16]. - The biotechnology sector showed a recovery after two months of decline, while other sectors experienced a slowdown in June [3][16]. - The electric vehicle sector saw a significant drop in production metrics, which was greater than the change in demand, possibly linked to strict accounting periods [3][15][17]. Group 4: Traditional vs. New Industries - The economy can be simplified into "traditional industries + new industries," with traditional industrial operating rates showing divergence [3][18]. - The steel and coking sectors have lower operating rates compared to May, while the chemical industry has seen some recovery [3][18]. - The EPMI data suggests that the manufacturing PMI may also see a slight decline in June [3][18]. Group 5: Future Outlook - The trends in EPMI, PMI, and BCI since the beginning of the year show a gradual increase until March, followed by a pullback in April and stabilization in May [4][18]. - The real estate market's performance and the potential for construction industry counter-cyclical support will be critical moving forward [4][18].

导读： 本届科创金牛奖围绕科技创新主题，聚焦新一代信息技术、人工智能、航空航天、新能源、新材料、高端装备、生物医药、量子科技八大战略性新兴产 业。 特别提示 微信机制调整，点击顶部"仪器信息网" → 右上方"…" → 设为 ★ 星标，否则很可能无法看到我们的推送。 6月14日，由中国证券报主办的2025科创金牛奖颁奖典礼在上海市普陀区举行，2025科创金牛奖获奖名单现场揭晓。 本届科创金牛奖围绕科技创新主题，聚焦新一代信息技术、人工智能、航空航天、新能源、新材料、高端装备、生物医药、量子科技八大战略 性新兴产业，展示相关领域的优秀上市公司和未上市企业，促进科创产业健康、可持续、高质量发展。96家上市公司荣获金牛上市公司科创 奖；79家未上市企业荣获金牛科创企业奖。 新兴高科技企业的涌现，离不开金融活水的精准滴灌和耐心资本的悉心陪伴。9家银行、4家保险机构、5家证券公司、8家PE/VC投资机构和 5家科技园区，分获金牛银行支持科创奖、金牛保险支持科创奖、金牛证券支持科创奖、金牛PE/VC支持科创奖、金牛园区支持科创奖。 "金牛奖"是中国证券报鼎力打造的金融品牌，是中国资本市场最具影响力的奖项。科创金牛奖评选旨在 ...

相关企业：江苏辉丰生物农业股份有限公司、金财互联控股股份有限公司、永悦科技股份有限公司、江 苏丰山集团股份有限公司、中汽研汽车试验场股份有限公司、江苏农华智慧农业科技股份有限公司、江 苏悦达投资股份有限公司、盐城高测新能源科技有限公司、盐城可理斯机械制造有限公司、江苏中天伯 乐达变压器有限公司、江苏拓丰环保科技有限公司、江苏森德邦信息科技有限公司、山东黑山玻璃集团 江苏光电科技有限公司、盐城市恒光玻璃技术有限公司、盐城家安乐自动化科技有限公司、优创光电科 技（盐城）有限公司 关键词：盐城市新质生产力、盐城市"5+2"战略性新兴产业、盐城市23条重点产业链、盐城市宏观经济 一、盐城市宏观经济分析 盐城市是江苏省下辖的地级市，位于江苏沿海中部。盐城市有着得天独厚的土地、海洋、滩涂资源，是 江苏省土地面积最大、海岸线最长的地级市。盐城市经济运行呈现"生产平稳、内需改善、质效提升"的 平稳发展态势。2024年盐城市实现生产总值7779.2亿元，按不变价格计算，比上年增长5.5%。其中，第 一产业增加值845.8亿元，同比增长3.4%；第二产业增加值3012亿元，增长5.8%；第三产业增加值 3921.4亿元，增长5. ...

Core Viewpoint - Shandong Heze City has established a modern industrial structure centered around the "231" characteristic industrial system, focusing on the development of two trillion-level leading industries: biomedicine and high-end chemicals, while also nurturing strategic emerging industries such as new energy materials and next-generation information technology [1][13]. Group 1: New Quality Productive Forces Overview - New Quality Productive Forces (新质生产力) is defined as an advanced productive force characterized by high technology, high efficiency, and high quality, driven by innovation and aligned with new development concepts [2][3]. - It serves as a crucial engine for promoting high-quality economic development and is key to constructing a modern industrial system [3]. Group 2: Economic Performance of Heze City - In 2024, Heze City's GDP is projected to reach 480.26 billion yuan, with an economic growth rate of 6.1%, outpacing the provincial average [4]. - The secondary industry is particularly strong, with an added value of 208.52 billion yuan, growing by 7.0%, while the tertiary industry shows a steady growth of 5.9% [4][6]. Group 3: Industrial Development and Innovation - Heze City has implemented a three-year action plan to strengthen the industrial economy, achieving a 7.4% growth in industrial added value in 2024, with significant contributions from the chemical industry, which grew by 20.2% [6][8]. - The city has seen a rise in high-tech industries, with a 12.7% increase in output, accounting for 42.01% of the total industrial output [6]. Group 4: Policy Framework for New Quality Productive Forces - The central government has established the development of new quality productive forces as a national strategy, emphasizing the need for technological innovation to lead industrial innovation [10]. - Heze City has introduced various supportive policies to foster strategic emerging industries and enhance talent development, creating a comprehensive institutional guarantee for high-quality development [10][11]. Group 5: Modern Industrial System in Heze City - The city has created a "231" characteristic industrial system, focusing on biomedicine and high-end chemicals, while also upgrading traditional industries and nurturing emerging sectors [13][17]. - The biomedicine sector has developed a "one port, four parks" layout, while the high-end chemical industry has established a "3+N" full industrial chain system [13][17]. Group 6: Future Development Trends - Heze City aims to build innovative industrial clusters and enhance high-end capabilities, with a focus on breakthroughs in key technologies and the establishment of national-level innovation platforms [22][23]. - The city plans to implement a dual strategy of technological foresight and precise incubation to capture future industrial opportunities in fields like synthetic biology and hydrogen energy [24]. - A green transformation and digital empowerment strategy will be pursued to establish a sustainable development model, with significant investments in renewable energy projects and digitalization of industrial processes [25].

Group 1 - The core viewpoint emphasizes the role of technological innovation in driving industrial revitalization in Heilongjiang Province during the "14th Five-Year Plan" period, with significant contributions to national strategic tasks such as manned spaceflight and Mars exploration [1][2] - The province has established a unified leadership for scientific and technological work, forming a committee led by key provincial leaders to implement various policies aimed at optimizing the supply of technological policies [1][2] - Key projects funded by the provincial natural science foundation have addressed critical scientific issues, leading to substantial economic benefits and supporting the province's socio-economic development [2][3] Group 2 - The province has supported 100 major technology transfer projects, resulting in significant new sales revenue and tax contributions, with a remarkable return on investment ratio of 1:64 [3] - An AI platform has been established to match technological achievements with enterprise needs, facilitating the transformation of 1434 major technological achievements into economic benefits [3] - The creation of innovation and entrepreneurship ecosystems around universities has led to the establishment of numerous technology-based enterprises, enhancing collaboration between academia and industry [3]

当然，被调出指数的企业个股并不意味着丧失了投资价值，经营稳健、规范治理的企业仍可能通过技术 升级和行业整合保持竞争力。 指数样本股的调整，本质上并不会改变一家上市公司的投资价值，但是却能够引发投资者或主动或被动 地调整持仓，对于调入的公司自然是一件好事，但对于调出的公司，也不必过于忧虑。 现如今样本股的选择标准更加倾向于投资者的交易热情，并不是因为硬科技公司调入了指数样本股而受 到投资者的追捧，而是因为投资者的追捧让硬科技公司具备了调入指数样本股的条件。两者相辅相成、 互为促进。 此次指数样本股调整，是资本市场与实体经济同频共振的必然选择。硬科技企业的调入，不仅提升了指 数的成长性和估值溢价率，更通过优化资源配置，服务了国家战略和产业升级。硬科技赛道既是机遇也 是挑战，理性布局、长期跟踪将是关键。未来，随着更多硬科技企业成为指数样本股，资本市场将进一 步发挥晴雨表和资源优化配置的作用，为中国经济的高质量发展注入新动能。 近日，沪深交易所和中证指数有限公司纷纷发布重要指数样本股调整公告，包括深证成指、创业板指、 上证50、上证180、沪深300、中证500等指数样本股都将进行调整，6月16日起正式实施。调入的新 ...

去年以来，北交所行情令人关注。对于市场普遍期待的北交所ETF，专家介绍，北交所ETF是指在北交 所上市交易的交易型开放式指数基金，是一种跟踪北交所相关指数的被动型投资工具，目前，北交所还 没有ETF推出。据了解，2022年北交所推出首只宽基指数"北证50"，为被动投资奠定基础；2023年9 月，证监会表示"还需开展北交所ETF等产品研究"，相关人士称北交所ETF产品的落地正在稳步推进。 据开源证券的研究报告，北交所上市"后备军"正在高质量扩容。Wind资讯数据显示，今年前5个月，共 有145家公司登陆新三板，同比增长49.48%。其中，已有多家公司启动了北交所上市辅导工作。新挂牌 公司2024年营业收入均值超10亿元、归母净利润均值为6597万元。一方面，专精特新企业频现，上述 145家公司中，68家公司为专精特新企业，占比47%。另一方面，大体量公司数量较2024年明显增多。 上述145家公司中，有23家公司年度营收规模超过10亿元。 （文章来源：经济日报） "北证专精特新是继北证50之后，又一个表征北交所市场的重要指数，进一步丰富了投资者观测维度。 未来，北交所将持续完善指数体系，推出更多特色指数，服务多 ...

本报记者 吴晓璐 科创板又一家未盈利企业IPO获受理。6月13日，上交所受理上海超硅半导体股份有限公司（以下简称"上海超硅"）科创板 IPO申请。根据招股说明书，上海超硅去年营业收入13.27亿元，归母净利润为-12.99亿元。 去年6月19日，证监会发布的《关于深化科创板改革服务科技创新和新质生产力发展的八条措施》（以下简称"科创板八 条"）提出，"支持具有关键核心技术、市场潜力大、科创属性突出的优质未盈利科技型企业在科创板上市，提升制度包容 性"。近一年来，科创板共受理12家企业IPO申请，其中3家是未盈利企业。 目前，科创板有54家上市时未盈利企业，支持20家第五套标准企业上市。据Wind资讯数据统计，截至6月15日，上述54家 企业A股总市值合计1.4万亿元。需要说明的是，目前588家科创板上市公司总市值为6.78万亿元。不难看出，科创板不仅为未盈 利科技企业开辟了一条融资渠道，还重塑了市场定价逻辑，推动科技、资本和产业深度融合，助力科技企业聚焦重点领域加快 科技攻关，加速科技成果转化为现实生产力，服务新质生产力发展和国内经济转型升级。 持续支持"硬科技"企业发展 "科创板八条"实施近一年来，配套制度 ...

实验室中的每一项前沿科技项目，都蕴含着开辟商业蓝海的巨大潜力。推动这些技术走出实验室的关 键，在于资本能否"慧眼识珠"。这当中，耐心资本的力量至关重要。我们看到，资本市场对科技企业的 支持日益深化——覆盖其整个发展周期的金融服务更强了，投向研发与成果转化的资金更多了，保险保 障水平更高了，科技金融的风险分担机制也更完善了。当金融资源能够这样长期、精准地灌溉创新沃 土，科技自立自强的种子必将破土而出，茁壮成长。 本届科创金牛奖设立金牛银行支持科创奖、金牛保险支持科创奖、金牛证券支持科创奖、金牛PE/VC支 持科创奖、金牛园区支持科创奖，客观、公正评估金融机构服务科技创新的成效，促进形成"科技—产 业—金融"良性循环。上述奖项花落9家银行、4家保险机构、5家证券公司、8家PE/VC投资机构和5家科 技园区。 展望未来，在"高水平科技自立自强"的战略目标指引下，在政策红利与人工智能（AI）浪潮的共同驱动 下，中国证券报"金牛生态圈"将与资本市场一起，充分发挥耐心培育新质生产力、精准灌溉引导资源配 置、推动科技创新与产业创新融合、服务实体经济的作用，助力我国新兴高科技产业发展迈出关键步 伐。 本届科创金牛奖围绕科技创 ...