证券日报网讯 9月24日晚间，远望谷发布公告称，公司于2025年9月24日召开第八届董事会第八次（临 时）会议，审议通过了《关于终止2025年度以简易程序向特定对象发行股票事项的议案》，公司决定终 止2025年度以简易程序向特定对象发行股票事项。 （文章来源：证券日报） ...

Group 1 - The company, Yuanwanggu (SZ 002161), announced the termination of the plan to issue shares to specific targets for the year 2025 during its eighth board meeting held on September 24, 2025 [1] - For the first half of 2025, the company's revenue composition shows that the Internet of Things (IoT) sector accounted for 94.23%, while other businesses contributed 5.77% [1] - As of the report date, Yuanwanggu has a market capitalization of 5.9 billion yuan [1]

Group 1: Government Bond Trading and Monetary Policy - The expectation for government bond trading is heating up, while the reality is cooling down, with liquidity management remaining a key focus [1] - If interest rate cuts occur, the extent of the cuts will significantly impact the bond market, with a likely continuation of a 10 basis point reduction seen in the first half of the year [1] - The central bank's potential reintroduction of government bond trading tools is expected to enhance banks' asset-liability management stability [5] Group 2: Innovation in Pharmaceutical Industry - The Chinese innovative drug industry is transitioning towards global commercialization, with a strong pipeline of quality projects driving industry growth [8] - Early drug development in China is significantly faster than the global average, saving 30%-50% of time from target validation to product commercialization [8] - Future innovation will further unlock commercial value, with academic and industrial collaborations playing a crucial role in successful drug development [8] Group 3: Dairy and Meat Industry Trends - The dairy sector is experiencing a strong supply contraction, with demand expected to rise due to seasonal consumption and supportive policies [11] - The meat industry is at a super cycle turning point, with reduced import volumes anticipated due to narrowing price differentials [11] - The interconnection between dairy and meat sectors is expected to enhance profitability for livestock companies [11] Group 4: Company Performance and Projections - A company reported a 44.50% year-on-year increase in revenue for the first half of 2025, driven by demand in the smart connected vehicle and edge AI hardware sectors [14] - Another company achieved a 13.55% year-on-year revenue growth in 2024, with a significant market share in the global SSD controller market [16] - A third company reported a 11.02% year-on-year revenue increase in the first half of 2025, with ongoing acquisitions to expand its product offerings [22]

企查查APP显示，申纬智联（常州）科技有限公司成立，法定代表人为邓根有，注册资本为5000万元， 经营范围包含：物联网技术服务；物联网技术研发；物联网应用服务；智能仓储装备销售；供应链管理 服务等。企查查股权穿透显示，该公司由申通快递（002468）间接全资持股。 （原标题：申通快递成立智联科技公司） ...

Group 1 - The establishment of Shenwei Zhili (Changzhou) Technology Co., Ltd. has been reported, with a registered capital of 50 million yuan [1] - The legal representative of the new company is Deng Genyou, and its business scope includes IoT technology services, IoT technology research and development, IoT application services, smart warehousing equipment sales, and supply chain management services [1] - Shenwei Zhili is wholly owned by Shentong Express (002468) through indirect shareholding [1]

Core Viewpoint - The event highlighted the collaboration between Weiyi Communication and major domestic two-wheeler manufacturers, emphasizing the company's advancements in IoT smart terminals and compliance with new national standards [1] Company Overview - Weiyi Communication (300590) is a leading provider of wireless IoT devices and solutions, focusing on the research and sales of embedded wireless M2M terminal devices [1] Product Development - The company has developed IoT smart terminals that support 4G communication and feature triple positioning capabilities: Beidou, GPS, and LBS [1] - Recently, electric vehicles equipped with the company's IoT smart terminals have passed certification testing under the new national standards, confirming product compliance [1]

Core Viewpoint - Weisheng Information Technology Co., Ltd. has shown a significant stock price increase of 5.19%, reaching 37.70 CNY per share, with a total market capitalization of 18.537 billion CNY [1] Company Overview - Weisheng Information was established on May 8, 2004, and went public on January 21, 2020. The company is located in Changsha High-tech Industrial Development Zone, Hunan Province [1] - The main business involves the research, production, and sales of IoT hardware and software products, including electric monitoring terminals, water and gas thermal sensing terminals, communication gateways, communication modules, and smart public utility management system software [1] - The revenue composition of the main business includes: Communication gateways (32.56%), Electric monitoring terminals (28.92%), Communication modules (19.41%), Smart public utility management systems (12.25%), Water and gas thermal sensing terminals (6.39%), and Others (0.48%) [1] Fund Holdings - Dachen Fund has a significant holding in Weisheng Information, with its Dachen Specialized and New Mixed A Fund (014651) holding 51,000 shares, representing 4.72% of the fund's net value, ranking as the sixth-largest holding [2] - The fund has a total scale of 34.1169 million CNY and has achieved a year-to-date return of 20.12%, ranking 4277 out of 8173 in its category [2] Fund Manager Performance - The fund manager of Dachen Specialized and New Mixed A Fund is Yu Weiye, who has been in the position for 1 year and 266 days. The fund's total asset size is 758 million CNY [3] - During Yu Weiye's tenure, the best fund return was 40.03%, while the worst return was 8.4% [3]

Core Insights - The report highlights the strategic moves of various companies in the textile and apparel industry, including the planned IPO of潮宏基 in Hong Kong and the brand strategy of 雪中飞 focusing on innovation and brand elevation [5][6][7] - The performance of the jewelry and bag sectors is analyzed, with潮宏基's jewelry business showing a revenue increase of 21.2% year-on-year, while the bag business faced a decline of 17.4% [5] - The report discusses the financial health of广和通, noting a significant revenue growth of 23.49% when excluding the impact of a specific business segment, and emphasizes the company's focus on AI and IoT technologies [10][12] -大全能源's financial performance is under scrutiny, with a reported revenue drop of 67.9% in the first half of 2025, but the company maintains a strong cash reserve to navigate market pressures [13][15] Market Trends - The textile and apparel sector experienced a slight decline, with the SW textile and apparel index down by 0.26% and the SW light industry manufacturing index down by 0.58% [6] - The report notes a mixed performance among sub-sectors, with SW textile manufacturing up by 0.76% and SW accessories down by 3.78% [6] - The report indicates a growing trend in online sales, with brands like 361 degrees and Anta seeing significant e-commerce revenue growth [7] Company Reviews - For广和通, the report emphasizes its deepening AI stack and the growth potential in embodied intelligence and smart cockpit solutions [10][12] - The analysis of大全能源 highlights its strategic production cuts to alleviate market supply pressures, despite a significant drop in revenue [13][15] - The report also discusses the performance of the jewelry sector, with潮宏基's revenue from jewelry reaching 39.24 million yuan, driven by strong growth in franchise and self-operated stores [5][11] Investment Recommendations - The report suggests continued investment in 361 degrees and recommends monitoring特步国际 and安踏体育 for potential growth opportunities [7] - In the jewelry sector,老铺黄金 and潮宏基 are recommended, with a focus on the upcoming demand due to seasonal factors [11] - The report indicates that the overall retail environment is improving, with名创优品 showing positive same-store sales growth and operational improvements [11]

Core Insights - The company reported a significant increase in revenue and profit for the first half of 2025, with total revenue reaching 11.546 billion yuan, a year-on-year growth of 39.98%, and a net profit attributable to shareholders of 471 million yuan, up 125.03% [1] - The Internet of Things (IoT) sector remains robust, with Q2 revenue of 6.325 billion yuan, reflecting a year-on-year increase of 47.28% and a quarter-on-quarter growth of 21.14% [2] - The company's profitability has improved, with a gross margin of 17.71% and a net margin of 4.06%, indicating effective cost management and a shift towards balancing scale and efficiency [3] Financial Performance - In H1 2025, the company achieved a net profit of 471 million yuan, a 125.03% increase year-on-year, and a non-recurring net profit of 451 million yuan, up 139.36% [1] - The gross margin decreased slightly by 0.43 percentage points, while the net margin increased by 1.59 percentage points compared to the previous year [3] Industry Trends - The overall IoT industry is experiencing high demand, with the company's overseas revenue accounting for 54.50% of total revenue in H1 2025 [2] - The company is actively integrating AI technologies into its product offerings, enhancing its competitive edge in consumer-grade AR devices and robotics [4] Future Growth Drivers - The company is expanding its AI capabilities by integrating its smart module products with advanced AI models, targeting applications in AR glasses and sports cameras [4] - In the automotive sector, the company has introduced new technologies and solutions, including a Bluetooth protocol stack and a virtual cockpit software solution, which have been adopted by over 20 major manufacturers [4] Profit Forecast - Based on the strong performance in H1 2025, the company's net profit forecasts for 2025 and 2026 have been revised to 880 million yuan and 1.15 billion yuan, respectively, with an expected net profit of 1.46 billion yuan in 2027 [5]

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