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  突发公告!上市公司董事因病去世,享年51岁

  来源:中国基金报

  中国基金报记者忆山

  4月24日晚间,九菱科技发布公告称,公司董事许圣雄因病于2025年4月22日不幸去世。

  资料显示,许圣雄,男,1974年9月出生。1995年6月至2002年11月,他就职于原荆州市粉末冶金厂压铸铝分厂,先后任操作工、班组长、工艺员、代理部长;2002年11月至2018年12月,就职于九菱科技,历任工人、技术员、工程师;2018年12月起,任荆州九菱科技股份有限公司监事(任期三年)、研发部工程师;2021年12月起,任九菱科技董事。

  九菱科技表示,许圣雄先生在担任公司董事期间,恪尽职守,以勤恳敬业的态度履行了作为董事应尽的职责和义务,在保障公司董事会科学决策、民主决策、依法决策,维护公司及股东的利益等方面尽职尽责,为公司的经营和发展做出了重要贡献。公司董事会对许圣雄先生为公司所做的努力和贡献深表感谢,公司全体董事、监事、高级管理人员及全体员工,对许圣雄先生的去世致以沉痛哀悼,并向其家人表示深切慰问。

  许圣雄去世后,公司董事会成员由九名变为八名。依照《公司章程》关于董事会成员人数的相关规定,公司将按照相关程序增补新的公司董事并及时公告。

  九菱科技于2022年11月入选国家级专精特新“小巨人”企业,同年12月在北京证券交易所上市。公司主要从事汽车、家用电器用粉末冶金零件和磁性材料的研发、生产和销售。

  2024年,九菱科技实现营收1.52亿元,归母净利润为2419万元。截至4月24日收盘,九菱科技每股报34.51元,最新市值为22亿元。

今年以来,A股市场经历了DeepSeek、人形机器人、互联网、创新药、贵金属等多轮主题行情的演绎。

面对复杂多变的国际形势和持续轮动的板块行情,如何在不确定性的环境中做好投资,多位知名主动权益基金经理在一季报中进行了深入探讨。

科技行情极致演绎

交银施罗德基金杨金金在一季报中表示,这一轮科技主题行情来到主升浪,标志着自2023年开始的科技主题炒作,在流动性宽松及DeepSeek的加持下,正式步入高光时刻,正如2015年的互联网、2021年初的核心资产。

“我们很难在情绪高位、全市场预期高度一致的背景下,在一大批企业的价格已经明显超过价值的情况下,再去因为上涨的趋势和市场火热的环境进行买入。”杨金金认为,企业的价格应该由现实的基本面和估值来决定,而不应该单纯由想象来决定。

银华基金焦巍在一季报中对AI炒作提出疑问:全球的人工智能时代是否已经开启一轮新的经济增长引擎?传统的工作乃至投资模式是否已经被AI碾压?

“这些话术使得投资者往往会面临从众效应,以及信息扭曲带来的信息环境失衡,市场或在短时期过度反应和非理性定价。”焦巍认为,一季度的行情大幅提高了市场对收益率回报的预期,更多的投资者对科技创新带来的资本市场回报,寄予了不合实际的要求。

寻找能够定价的资产

鹏华基金陈金伟表示,能够理解部分股票上涨的合理性以及对社会产生的正外部性,即便不持有这些股票的人,长期来看也会因为这些产业的发展而在现实生活中受益。不过陈金伟也表示,投资还是要寻找一些能够定价的资产。

年初以来,市场上总有投资风格切换的声音,焦巍表示,本着风格稳定比短期涨跌更重要的信念,在投资中加大了红利权重股的布局。

“二级市场的回报很难大幅超越名义GDP增长率。在当下的名义GDP增速下,整体收益率过度超越,往往会带来巨大的波动。”焦巍认为,股票首先应该被看成有息债券,其本质是公司商业模式稳定后的现金流分红。投资应在科学预期收益率的前提下寻找资产,通过长期复利而不是跟随市场热点实现预期收益。

随着一系列提振消费政策出台,易方达基金张坤认为,与其纠结于经济,不如把着眼点放在企业上。

张坤专注于寻找具备优秀商业模式、竞争力和定价能力突出、行业空间广阔且资本分配对股东友好的公司。在他看来,这些公司在加深护城河的同时,远期能为股东创造出更多的自由现金流,这些不断积累的自由现金流,将积累到企业的内在价值上,最终将会投射为企业长期的市值增长。

在经济触底预期企稳而复苏仍需要政策持续落地发力之际,杨金金聚焦于行业和公司的“阿尔法”研究。“目前已观察到很多细分行业在逐步出清,部分企业的逆周期投入也即将步入收获期,预计2025年会出现很多细分领域的优秀公司。”

相信发展理解变化

面对复杂多变的市场环境,大成基金刘旭在一季报中称,投资是一个与变化共生的工作,如何在快速变化的环境中理解企业价值、把握机会、规避风险,是未来较长一段时间内的“必答题”。

“国内经济的情况、国际环境未来的变化,将对未来市场产生怎样的影响,仍需要持续关注。我们能做的是相信社会的发展、理解需求的变化。”富国基金白冰洋强调,市场的不确定性一直是存在的,在“称重”的过程中,她期待持仓组合的基本面和估值自带“实力”,方有机会彰显均值回归的力量。

4月是传统的财报季,叠加外部局势影响,市场或许会更聚焦于政策对基本面的长中短期影响,但中泰资管姜诚更专注于为资产进行“称重”,而非过度关注阶段性波动。“我们不会对企业的利润曲线求解一阶导数(利润增长率)或者二阶导数(增长率的变化率),而是试图对长期分红的现值求解‘积分’,更关心竞争格局和竞争优势的结构性变化。”

面对海外局势的波动,虽然很难做出准确判断,但姜诚仍认为:一方面,我国完备的产业链和巨大的内需给经济提供了韧性;另一方面,可运用的政策空间还有很大余量。不必急于做判断,后续的操作仍是以多看少动为妙;研究上则以组合之外为重,一如既往地在新知识领域投入绝大部分研究精力。

MACD金叉信号形成,这些股涨势不错!

  来源:波叔来咯

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