同仁堂医养则于近日第三次向港交所递交招股书。同仁堂医养为同仁堂集团旗下二级集团。招股书显 示，在上市前的股东架构中，同仁堂直接持股83.98%，间接通过同仁堂康养、同仁堂传承基金管理、 同仁堂医疗基金管理等，合计行使93.83%的投票权。根据弗若斯特沙利文报告，按2024年总门诊人次 及住院人次计， 同仁堂医养是中国非公立中医院医疗服务行业中最大的中医院集团，市场份额为 1.7%；同期按总收入计，同仁堂医养在非公立中医院医疗服务行业排名第二，市场份额为0.2%，其市 场规模占同年中国中医院医疗服务行业总规模的46.5%。 随着A股公司掀起港股上市的热潮，A股上市公司分拆子公司赴港上市（"A拆H"）呈现明显升温态势。 多家公司启动"A拆H" 近期，潍柴动力分拆的潍柴雷沃、同仁堂分拆的同仁堂医养、紫金矿业旗下紫金黄金国际向港交所主板 递表，此前，歌尔股份分拆的歌尔微、诺力股份分拆的中鼎智能已在冲刺港股上市，美的集团也公布拟 将安得智联分拆的目标上市板块调整为港交所主板，南方航空也被传或考虑分拆南航物流在港上市。而 分拆自南山铝业的南山铝业国际、分拆自科大讯飞的讯飞医疗科技则已登陆港股市场。这些公司涵盖医 药、制造 ...

Group 1 - Yunnei Power has received an administrative penalty notice from the Yunnan Securities Regulatory Bureau and is actively addressing the regulatory requirements by organizing financial and auditing departments to rectify the issues mentioned in the notice [1] - The company is currently operating normally and is focusing on developing emerging business projects centered around smart manufacturing and green manufacturing, with initial sales of intelligent delivery vehicles and smart agricultural machinery [1] - To enhance its sustainable operational capacity, Yunnei Power is implementing multiple measures to improve its current passive business situation [1] Group 2 - In the traditional internal combustion engine sector, Yunnei Power is refining its marketing strategies and brand differentiation for diesel engines, aiming to expand its market presence [2] - The company is increasing the installation ratio in the existing market for non-road diesel engines and transitioning towards larger horsepower engines while exploring new markets such as agricultural machinery and international exports [2] - In the field of new energy powertrains, Yunnei Power is accelerating the development of gasoline and natural gas range-extended powertrains and hydrogen fuel cell powertrains, aiming for breakthroughs in the new energy market [2] Group 3 - On the international front, Yunnei Power is focusing on Southeast Asia, Africa, South America, and the Middle East to enhance its export capabilities and expand its international market presence [3] - The recent administrative penalty has negatively impacted the company's image, but it is expected to drive improvements in governance, internal control, and management standards, ultimately benefiting the company's long-term sustainable development [3] - The company plans to use this opportunity to continuously improve its internal governance system and enhance the quality of financial reporting and operational standards [3]

资本市场助力培育农业新质生产力的现状和问题。从融资结构看，间接融资仍占主导，直接融资比例偏低。从市场层次 看，主板市场门槛较高，多数农业科技企业难以达到上市标准；新三板、区域性股权市场流动性不足，融资功能发挥不充分。 从产品供给看，适合农业科技企业特点的金融产品创新不足，特别是针对研发周期长、风险高的早期项目的融资工具缺乏。从 风险管理看，农业新质生产力的培育具有高风险特征，包括技术研发风险、市场接受风险、政策调整风险等，而现有金融体系 缺乏有效的风险分担和对冲机制。农产品期货、保险市场有一定发展，但品种仍不够丰富，农民合作社等新型经营主体参与度 低。风险投资、私募股权等风险资本对农业科技领域的关注度相对较低，导致早期项目融资困难。 三、资本市场更好助力培育农业新质生产力的思考 一是完善多层次资本市场体系。进一步优化各层次市场功能定位，形成错位发展、有机衔接的市场格局。对于成熟期农业 科技企业，支持其在主板、创业板、科创板上市融资；对于成长期企业，深化新三板改革，提升市场流动性和融资功能；对于 初创期企业，发展区域性股权市场，拓宽早期融资渠道。同时，研究建立农业科技企业上市培育库，实施分类指导、梯度培 育，推 ...

随着农业现代化进程不断推进，科技对农业生产提质增效的作用愈加凸显。农业农村部等7部门日前联 合印发《关于加快提升农业科技创新体系整体效能的实施意见》，明确提出进一步全面深化农业科技体 制改革，加快实现高水平农业科技自立自强，为农业强国建设提供强有力的支撑。 一直以来，我国在农业科技创新领域发展迅速，取得了可圈可点的成就。例如，黑龙江省通过与中国科 学院开展"黑土粮仓"科技会战，集中力量进行重大关键技术攻关，全省每千克黑土有机质含量比4年前 增加4.1克。推动"良田、良种、良法、良机、良制"深度融合，集成组装74个高效增产技术模式并全面 推广。浙江省在多年探索应用"农业+信息技术"的基础上，加快推进"智慧农业引领区"建设，今年将建 成300个数字农业工厂，实现三大类15种重点品种农产品的重点主体"浙农码"承诺证开具全覆盖，未来 将依托一体化智能化公共数据平台，围绕种植业、畜牧业、渔业等核心产业，加速推进以大模型为代表 的人工智能（AI）技术在农业领域的深度应用见效。 不过，我国农业科技创新体系建设依然面临一些困难。比如，农业科研力量分散，产学研用协同机制不 完善，导致科技成果转化效率不高；基层农业科技推广队伍薄 ...

协力增强农业科技创新。发挥京津冀农业科技创新联盟和农业农村部重点实验室等平台作用，开展优良 品种、高效节水、地力提升、精深加工等核心技术联合攻关。比如，河北将与京津合作突破一批适合河 北盐碱地和气候特点的种源"芯片"关键技术。促进科技成果转化应用，加快构建农业科技成果"京津研 发、河北转化"模式。完善京津冀农业科技成果库、专家库、人才库用户功能。共建"通武廊"现代农业 协同先行区。 据媒体报道，今年9月，京津冀三地农业农村部门将首次携手举办第三十二届中国北京种业大会。此次 大会表明京津冀农业协同发展向更宽领域、更深层次迈进，对于京津冀加快形成优势互补、深度合作的 农业协同发展新格局具有重要意义。 京津冀协同发展战略实施以来，京津冀农业协同成效显著。农产品保障能力不断增强，京津冀三地 以"净菜进京"为抓手，共同建立健全农产品流通体系、市场信息体系、农产品质量检测和市场准入体 系，河北蔬菜在北京市场占有率达42.5%，成为北京蔬菜市场供应第一大省。产业化协作水平不断提 升，携手推进现代种业工程、科技研发推广等农业项目，依托特色产业园区，协同打造种植、饲料、养 殖、屠宰、深加工、物流仓储等全产业链条。京津科技资源加 ...

Core Viewpoint - The article highlights the advancements in smart agricultural machinery and the implementation of fully automated production systems for crops, showcasing the integration of technology in agriculture to enhance efficiency and productivity [1][2] Group 1: Smart Agricultural Machinery - A demonstration event featuring over 20 smart agricultural machines was held in Beijing, showcasing a complete intelligent production chain for wheat, corn, and vegetables [1] - The team led by Academician Zhao Chunjiang has developed key technologies for unmanned production, achieving a path tracking error of ±2.0 cm and a corn sowing distance qualification index exceeding 95% [1] Group 2: Cloud Management Platform - The smart farm management cloud platform developed by the team integrates intelligent decision-making, remote monitoring, and multi-machine collaboration, resulting in over 30% savings in labor costs and more than 20% increase in machine utilization [1] - The platform also contributes to a 30% reduction in fertilizer and pesticide inputs and improves land utilization by 1% to 2% [1] Group 3: Vegetable Production System - The team has created a fully domestic unmanned production system for open-field vegetables, achieving continuous unmanned operations from tillage to harvesting for major crops like cabbage, peppers, and carrots [2] - Multiple unmanned farms have been established in various regions, serving as models for smart agriculture across the country [2] Group 4: Operational Scale and Impact - The operational cloud service platform has expanded its reach to 31 provinces, 795 counties, covering 6,464 cooperatives and 133 state-owned farms, with over 100,000 intelligent agricultural terminals promoted [2] - The total monitored service area has reached 220 million acres [2]

Core Insights - The article highlights the emergence of new agricultural programs in Chinese universities, focusing on innovative training methods and alignment with industry needs [1][7][9]. Group 1: New Programs Introduced - Hunan Agricultural University has introduced a new program in Food Nutrition and Health, which is a four-year course leading to a Bachelor of Engineering degree, aligning closely with industry demands [1][3]. - Shandong Agricultural University has launched a new program in Agricultural Intelligent Equipment Engineering, set to enroll students in 2025, also offering a four-year Bachelor of Engineering degree [5][18]. - China Agricultural University has introduced a "Pet" undergraduate program under the Animal Science category, focusing on companion animals, with a four-year curriculum leading to a Bachelor of Agriculture degree [10][14]. Group 2: Industry Alignment and Demand - The new programs are designed to meet the significant demand in the "big health" industry, focusing on food nutrition, health data analysis, and dietary balance [3][12]. - The pet industry is rapidly growing, with a market size exceeding 300 billion yuan in 2024, creating a high demand for talent in pet-related fields [16][17]. - The Agricultural Intelligent Equipment Engineering program aims to address the need for skilled professionals in smart agricultural machinery, integrating advanced technologies such as IoT and automation [5][18][20]. Group 3: Educational Innovations - Universities are exploring innovative teaching methods, such as integrating artificial intelligence into agricultural education, to enhance student skills and industry readiness [9]. - Programs like the "Shennong Innovation Class" at Henan Agricultural University emphasize the importance of AI literacy in agriculture [9].

综上，潍柴动力、潍柴控股和山东重工合计控制潍柴雷沃约88.36%的投票权。 星标 ★ IPO日报 精彩文章第一时间推送 近日，千亿巨头潍柴动力（000338.SZ，02338.HK）发布公告，宣布计划将其子公司潍柴 雷沃智慧农业科技股份有限公司（下称"潍柴雷沃"）分拆至香港联合交易所主板上市。 而潍柴雷沃已于6月20日向港交所递交了上市申请，拟主板上市，中金公司是其保荐机构。 这家谋求创业板上市未果的中国农机龙头资产负债率高达80%以上，但近四年多次大额分 红，累计现金分红超18亿元，另外，其在今年6月宣布再分红2.29亿元，加起来共超过20亿 元，引发市场关注。 AI制图 龙头来IPO了 资料显示，潍柴雷沃总部位于山东省潍坊市坊子区，其历史可追溯至2004年，当时名为山东 福田重工股份有限公司。 2022年，公司更名为潍柴雷沃，以专注于农机产品及智慧农业服务相关业务。 经过一系列股份转让及增资后，截至2025年6月15日，潍柴雷沃分别由潍柴动力和潍柴控股 持有约61.1%和27.26%的股权。潍柴动力由潍柴控股持有约16.32%的股权，而潍柴控股则 由山东重工全资拥有。 潍柴雷沃已打造了一套涵盖农业生产全周 ...

Group 1 - The core concept of the news is the establishment of the Tianlifang Smart Science and Technology Park, which aims to integrate smart agriculture technologies and become a national-level agricultural demonstration center by 2027 [1][2] - The Smart Science and Technology Park will cover an area of approximately 40 acres, with a total construction area of about 100,000 square meters, including 80,000 square meters above ground and 20,000 square meters underground [2] - The park will focus on three main directions: smart manufacturing equipment, digital technology research and development, and the integration of primary, secondary, and tertiary industries, promoting breakthroughs in Agriculture 4.0 technologies [2][3] Group 2 - The park aims to attract high-quality resources from leading agricultural enterprises in the Yangtze River Delta, facilitating the transformation of agricultural technology achievements in the region [2] - The project will benefit from supportive policies, including a three-year gradual rent reduction for key enterprises and subsidies for technology research projects, with a maximum of 500,000 yuan available for applications [2] - The integration of traditional agriculture with digital technology will position the Smart Science and Technology Park as a key anchor for the development of smart agriculture in the region [3]

出品：新浪财经上市公司研究院 文/夏虫工作室 核心观点：潍柴动力分拆潍柴雷沃上市有无资本局？潍柴系频繁透过关联腾挪使得公司估值大幅提升。 此次港股分拆上市究竟是增强独立性还是募资输血？需要指出的是，潍柴雷沃资产负债率显著高于同 行。在部分产能利用率下降情况下，公司募资扩产，此次募投必要性又是否存疑？ 近日，潍柴动力分拆子公司港股上市引发市场关注。 对于此次港股分拆上市，公司称，公司将进一步实现业务聚焦，将潍柴雷沃打造成为公司下属独立上市 平台，发挥资本市场优化资源配置的作用，推进公司与潍柴雷沃的业务协同及快速发展，进一步提升潍 柴雷沃的综合竞争力、品牌知名度和市场影响力。 6月20日晚间，潍柴动力发布公告称，公司拟分拆下属子公司潍柴雷沃智慧农业科技股份有限公司（下 称潍柴雷沃）至香港联交所主板上市，潍柴雷沃向香港联交所递交了首次公开发行境外上市外资股（H 股）并在香港联交所主板上市的申请。本次分拆完成后，潍柴动力的股权结构不会发生变化，且仍将维 持对潍柴雷沃的控股权。 分拆上市资本局：抬估值与上市输血？ 对于此次分拆上市，潍柴动力公告中表示，其有利于公司突出主业、增强独立性。 潍柴动力已构筑动力总成（发动机、 ...