1月14日，扬州市广陵区十届人大五次会议召开，郎俊区长作政府工作报告。 "十四五"时期地区生产总值连续跨越三个百亿台阶 报告说，"十四五"时期，全区地区生产总值连续跨越三个百亿台阶、预计达940亿元，规上工业产值年 均增长5%，服务业增加值年均增长5.6%，社会消费品零售总额超360亿元、较2020年增长32%。聚焦 区"513"主导产业体系精准招商，累计签约项目649个、总投资1568亿元。实施列省重大项目8个、市级 重大项目205个，总投资55亿元的恒润冷轧、20亿元的双新变压器等一批重大项目建成投产，总投资13 亿元的中航机载（600372）共性技术研发基地、10亿元的中化扬农研发创新基地开工建设。中欧智能制 造产业园创成全市首家省级国际合作园区，落户荷兰海沃重卡牵引座、德国慕贝尔稳定杆等项目。中意 美食产业园签约意大利星迪蓝冰淇淋、泰德尔红酒等项目。累计实际利用外资4.9亿美元。广陵新城获 批省软件名园、市人工智能产业园，落户运营阿里、盘古等头部跨境电商平台。 "五年来，高新技术企业从170家增加到254家，到2025年末，共有省潜在独角兽企业1家、省瞪羚企业4 家，省级以上专精特新企业93家。"郎俊 ...

Core Viewpoint - Huazhong CNC's subsidiary, Jiangsu Jinming, focuses on providing mid-to-high-end automation and intelligent CNC equipment for the glass industry, along with robotics applications for automation tasks, and talent training solutions for vocational and applied undergraduate institutions, without involvement in the new energy power battery sector [1] Group 1 - Jiangsu Jinming's main business includes automation and intelligent CNC equipment for the glass industry [1] - The company offers robotics applications for handling, stacking, and welding in the automation sector [1] - Jiangsu Jinming provides comprehensive solutions for talent cultivation in certain regions' vocational and applied undergraduate institutions [1]

Core Viewpoint - The Yangzhou government is focusing on four key areas to ensure the successful completion of the "14th Five-Year Plan" and is actively promoting high-quality development across various sectors [3][4]. Group 1: Economic Development - Jiangdu District aims to become a leading advanced manufacturing demonstration area in Central Jiangsu and the Yangtze River Delta, achieving a GDP of 703.8 billion yuan with a growth rate of 6.4% in the first half of the year [3]. - Hanjiang District is focusing on enhancing key industries, with significant revenue targets: over 500 billion yuan from equipment manufacturing, 250 billion yuan from microelectronics, and 100 billion yuan from biomedicine [4]. - Guangling District is committed to attracting 215 technology-based enterprises and enhancing the intelligent transformation of traditional industries [4][5]. Group 2: Tourism and Culture - The Shugang-Slim West Lake Scenic Area received 15.226 million domestic and international visitors in the first half of the year, with ticket sales reaching 5.659 million, reflecting a year-on-year growth of 2.4% [5]. - The total tourism revenue for the Shugang-Slim West Lake Scenic Area was 430 million yuan, also showing a year-on-year increase of 2.5% [5]. Group 3: Innovation and Technology - The Yangzhou Ecological Technology New City is focused on enhancing high-level innovation entities and creating a robust innovation ecosystem, aiming to transform its technological landscape significantly [5].

Meeting Information - The first extraordinary general meeting of 2025 will be held on August 6, 2025, at 14:00 [1] - The meeting will take place at the company's conference room located at 69 Xunyangjiang Road, Suzhou High-tech Zone [1] - Voting will be conducted through a combination of on-site and online methods using the Shanghai Stock Exchange's network voting system [1] Voting Procedures - Shareholders can vote via the Shanghai Stock Exchange network voting system, with voting available from 9:15 to 15:00 on the day of the meeting [2] - Specific voting times include: trading system voting from 9:15-9:25, 9:30-11:30, and 13:00-15:00 [1][2] - Shareholders must complete identity verification to access the online voting platform [2] Meeting Agenda - The meeting will review non-cumulative voting proposals that have been approved by the board and supervisory committee on July 21, 2025 [2] - There are no related shareholders that need to abstain from voting [2] Attendance Requirements - Shareholders registered by the close of trading on August 1, 2025, are eligible to attend the meeting [4] - Attendance is also open to company directors, supervisors, senior management, and appointed lawyers [4] Registration Process - Shareholders must complete registration procedures, including providing necessary identification and authorization documents if represented by an agent [4][5] - Registration must be completed by 16:00 on August 5, 2025, for those using mail [4] Additional Information - Attendees are responsible for their own transportation and accommodation [5] - It is advised that shareholders arrive at least half an hour early for check-in [5]

Group 1 - The core focus of the North Exchange's IPO review is on the innovation capabilities and competitive advantages of the companies applying for listing [1][4] - In the first half of the year, the North Exchange received a total of 115 IPO applications, an increase compared to the same period in the last three years [2][8] - The review process emphasizes the authenticity of performance and the intended use of raised funds, with specific inquiries into companies' claims of technological advancement [1][4] Group 2 - June was a peak month for IPO applications, with 97 applications received, accounting for over 80% of the total for the first half of the year [2] - The majority of the newly accepted IPO companies reported strong performance, with revenues generally exceeding 300 million and net profits over 60 million in the past year [2] - Out of the 115 companies, more than 80% (95 companies) are still in the acceptance stage, with 12 entering the inquiry phase [2][3] Group 3 - Companies are required to provide quantitative evidence for their claims of technological leadership and innovation [4] - Performance fluctuations are another key area of inquiry, with companies needing to explain any declines in revenue and net profit [5][6] - The North Exchange is particularly attentive to companies that have made significant cash distributions prior to listing, which could raise red flags during the review process [9] Group 4 - The North Exchange has established specific standards for evaluating the innovation attributes of IPO applicants, focusing on R&D intensity and investment [8] - The exchange has a negative list for companies that engage in practices like excessive pre-IPO cash dividends, which could lead to automatic rejection [9] - The evaluation of innovation is now a collaborative effort involving the exchange, local regulatory bodies, and intermediary institutions [8]

Core Viewpoint - Yuhuan CNC Machine Tool Co., Ltd. has made a significant step in its internationalization strategy by establishing a subsidiary in Vietnam, which will enhance its market presence in Southeast Asia [2][3]. Group 1: Company Performance - In 2024, the company achieved a revenue of 473 million yuan, representing a year-on-year growth of 12.41% [2]. - The revenue structure is diversified, with 43.02% from consumer electronics, 19.36% from automotive parts, and 19.50% from the energy and power sector, which strengthens the company's resilience against industry cyclicality [2]. Group 2: Product Development - The company has made significant breakthroughs in high-end equipment import substitution, with CNC grinding machine revenue reaching 113 million yuan, a year-on-year increase of 39.14%, and smart equipment revenue soaring by 186.50% to 106 million yuan [3]. - The automotive parts segment saw a revenue increase of 131.52%, and the company successfully entered high-end manufacturing fields such as aerospace and bearings [3]. - The company has invested 49.46 million yuan in R&D, accounting for 10.47% of its revenue, with a year-on-year growth of 19.43% [3]. Group 3: Market Expansion - The establishment of the subsidiary in Vietnam is expected to leverage the rise of the Vietnamese manufacturing sector and tariff policy advantages, facilitating penetration into the Southeast Asian electronic and automotive supply chains [3]. - The company is well-positioned to benefit from national policies promoting the localization of industrial mother machines and equipment upgrades, creating a favorable environment for high-end grinding machine import substitution [4]. Group 4: Industry Outlook - The demand for high-precision grinding equipment is expected to grow due to the emergence of industries such as humanoid robots and third-generation semiconductors [4]. - Industry experts believe that with the transformation of technological innovations and increased investment in overseas market development, the company is likely to achieve significant growth in both quality and efficiency in the global market [4].