一图速览>> 2024/09 时隔四年重启竞 1984/08 115 2001/01 15 1 *图中数据为目标利率最高上限 2008/11 2020/03 由特朗普提名的两位美联储理事米歇尔·鲍曼和克里斯 托弗·沃勒反对按兵不动，并主张降息25个基点。 米歇尔·鮑曼 这是自2020年以来首次有超过一位美联储官员在会议 上投票反对美联储主席鲍威尔,也是自1993年以来育 次有超过一位理事会理事投反对票。 克里斯托弗·沃勒 鲍威尔的立场远超预期。他明确 示，9月降息的合理性取决于 据。更重要的是，他提到美联储 在在一定程度上考虑关税驱动的: 胀，这是一个非常强硬的言论。· 此同时，FOMC声明中有两处细 的修改，关于经济活动的措辞有 美联储向未就9月份的决策倾出任 何决定。美联储不会提前做出决 定，将综合考虑所有数据和信 息，来做出最终决定。 ■ 关于通胀: 关税上调已开始更明显地体现在 某些商品价格上，但对经济活动 和通胀的总体影响仍有待观察。 美联储的义务是保持长期通胀预 期稳定，并防止一次性物价上涨 演变为持续的通胀问题。 ■ 票委分歧扩大： 在会后的新闻发布会上，鲍威尔既没有暗示9月降息, 也未排除这一 ...

第一财经每日早间精选热点新闻，点击「听新闻」，一键收听。 【今日推荐】 政治局会议定调下半年经济工作：宏观政策持续发力、适时加力 中共中央政治局7月30日召开会议。分析研究当前经济形势，部署下半年经济工作。政治局会议对当前 经济形势作出判断，认为今年我国经济展现强大活力和韧性，同时面临不少风险挑战。会议提出下半年 宏观政策要持续发力、适时加力。落实落细更加积极的财政政策和适度宽松的货币政策，充分释放政策 效应。会议还对下半年有效释放内需潜力、坚定不移深化改革、稳住外贸外资基本盘、持续防范化解重 点领域风险、扎实做好民生保障工作、充分调动各方面积极性等方面的重点工作作出具体部署。 特朗普宣布8月1日起对进口半成品铜等产品征收50%关税 当地时间7月30日，美国白宫表示，美国总统特朗普签署了一项公告，宣布对几类进口铜产品征收关 税。公告显示，将自8月1日起对进口半成品铜产品（例如铜管、铜线、铜棒、铜板和铜管）及铜密集型 衍生产品（例如管件、电缆、连接器和电气元件）普遍征收50%的关税。白宫表示，铜输入材料（例如 铜矿石、精矿、锍铜、阴极铜和阳极铜）和铜废料不受"232条款"或对等关税约束。 持用中国护照可免签或落 ...

（文章来源：第一财经） Arm控股发布财报，第一财季总体营收10.5亿美元，同比增长12%；净利润为1.3亿美元，同比下降 42%。Arm控股美股盘后跌超8%。 ...

北京时间7月31日凌晨2点，美联储公布利率决议。 美联储重申等待关税影响明朗化 决议声明称，尽管净出口的波动影响了数据，但最近的指标表明，经济活动继续以稳健的速度扩张。失 业率仍然很低，劳动力市场状况稳健，通货膨胀率有所上升。 FOMC重申，寻求在长期内实现最大就业率和2%的通货膨胀率。经济前景的不确定性有所增加，委员 会关注其双重任务的双向风险。 联邦公开市场委员会（FOMC）以9-2的方式决定维持利率区间在4.25%-4.50%不变。美联储主席鲍威尔 表示，可以在等待关税政策是否推高通胀的同时保持利率稳定。他透露，尚未就9月可能的政策调整"作 出任何决定"。受此影响，美股尾盘跳水，美元指数逼近100大关，国际金价走弱。 鲍威尔认为，一个合理的基本情况可能是，对通胀的影响将是短期的。但他也警告说，征税可能会导致 更持久的通胀变化，"我们的义务是保持长期通胀预期稳定，防止价格水平的一次性上涨成为持续的通 胀问题。" 鲍威尔随后补充说，美联储将密切关注劳动力市场是否有任何疲软迹象。"尽管如此，劳动力市场也存 在下行风险。在未来几个月，我们将收到大量数据，这些数据将有助于我们评估联邦基金利率适当设置 下的风险平衡 ...

北京时间7月31日凌晨2点，美联储公布利率决议。 美联储主席鲍威尔在会后新闻发布会上表示，今年上半年经济增长有所放缓，但美联储完全有能力应对 潜在的发展。"与去年的2.5%相比，2025年上半年的增长放缓至1.2%。增长放缓主要反映了消费支出的 放缓。"美联储主席表示，"我们认为，目前的货币政策立场使我们能够及时应对潜在的经济发展。" 谈及关税的影响，美联储主席表示，"更高的关税已经开始体现在一些商品的价格上，但对经济活动和 通货膨胀的总体影响还有待观察。" 联邦公开市场委员会（FOMC）以9-2的方式决定维持利率区间在4.25%-4.50%不变。美联储主席鲍威尔 表示，可以在等待关税政策是否推高通胀的同时保持利率稳定。他透露，尚未就9月可能的政策调整"作 出任何决定"。受此影响，美股尾盘跳水，美元指数逼近100大关，国际金价走弱。 美联储重申等待关税影响明朗化 决议声明称，尽管净出口的波动影响了数据，但最近的指标表明，经济活动继续以稳健的速度扩张。失 业率仍然很低，劳动力市场状况稳健，通货膨胀率有所上升。 FOMC重申，寻求在长期内实现最大就业率和2%的通货膨胀率。经济前景的不确定性有所增加，委员 会关注其 ...

继2024年财年亏损后，7月30日，日产汽车再次交出了一份新财年的亏损季报。今年第一财季（2025年4月1日~2025年6月30日），日产全球零售销量70.7 万辆，同比下降10.1%；净销售额2.7万亿日元，下降9.7%；经营亏损791亿日元。这是自2020年以来，日产汽车首次出现第一财季亏损的情况。 在上一财年，日产已经交出了一份亏损财报，公司全球销量334.6万辆，净亏损6709亿日元。 从短期来看，日产对未来销售前景仍不乐观。公司调整了半年度的预期，预计净销售额为5.50万亿日元，亏损1800亿日元。这意味着，对于今年7~9月份 的第二财季，日产预期销量和利润并不会比一季度有所好转。 作者 | 第一财经 葛慧 日产汽车正面临持续亏损的危机。 今年7月15日，日产汽车宣布，作为全球重组计划的一部分，位于日本神奈川县横须贺市的追滨工厂将到2027财年末结束车辆生产，生产将转移合并至子 公司日产汽车九州。这一行动主要源于日产的全球产能削减（目标从350万辆降至250万辆），整合日本国内17个生产基地至10个。 在中国市场，日产汽车计划将产能从150万辆削减至100万辆。目前，日产汽车武汉的云峰工厂已经被东风 ...

2025.07.30 本文字数：633，阅读时长大约2分钟 作者|第一财经肖逸思 近期，碳酸锂价格出现罕见极端行情。上周五碳酸锂主力期货合约价格涨停，在本周一又跌停，7月29日继续收跌5.9%。7月30日，碳酸锂主力期货合约 价格才相对企稳，收涨0.43%。 "前几天碳酸锂价格暴涨暴跌的行情，其实很多是消息面的因素。"7月30日晚间，在2025年半年报业绩解读会上，宁德时代相关高管在接受采访时表示， 目前宁德时代在江西宜春的锂矿项目生产经营均正常。至于采矿权续期的问题，宁德时代已经按照相关规定，向江西宜春市自然资源局提交申请材料。 据上述高管透露，当前，省、市级相关部门都已确认收件，宁德时代申请采矿权续期的材料要件齐全，内容完整，目前公司正在等待批复当中，"我们觉 得是相对比较乐观的状况。" 消息面上，7月中旬，江西宜春市自然资源局要求8家涉锂矿山企业在9月底前完成储量核实报告编制，文件里明确提及越权审批的问题，引发市场恐慌。 中粮期货研究院报告显示，8座矿山采矿权生产规模为7390万吨（原矿）/年，在产7座，实际在产规模为4390万吨/年，占国内月度产量的20%左右。 其中宁德时代旗下宜春时代新能源矿业有限 ...

Core Viewpoint - The company Xian Dao Electronic Technology Co., Ltd. (referred to as "Xian Dao Electric") is seeking acquisition opportunities shortly after terminating a previous merger attempt, indicating potential financial distress or strategic shifts in its business model [1][2][4]. Group 1: Acquisition Attempts - Xian Dao Electric has recently engaged in discussions with Chuzhou Development (600208.SH) to acquire shares from Guangdong Xian Dao Rare Materials Co., Ltd. and other shareholders, while also planning to raise supporting funds [1][2]. - Prior to this, Xian Dao Electric was involved in a failed acquisition attempt by Guangzhi Technology (300489.SZ), which was announced in October 2023 but terminated in June 2024 due to external environmental changes and unresolved terms [4][5]. Group 2: Financial Performance - The financial performance of Xian Dao Electric has shown a significant decline, with revenues dropping from 21.9 billion in 2022 to 15.9 billion in the first half of 2024, and net profits decreasing from 4.66 billion to 2.61 billion during the same period [8]. - The company's gross margin has also decreased, with figures reported at 21.28% in 2022, 14.27% in 2023, and 16.4% in the first half of 2024, indicating volatility in profitability [8]. Group 3: IPO and Regulatory Challenges - Xian Dao Electric has been undergoing IPO guidance for approximately 18 months, with the latest report submitted by Guo Xin Securities on July 9, 2024, highlighting unresolved issues related to related-party transactions [3][6]. - The prolonged IPO guidance period suggests potential issues with the company's financial health or regulatory compliance, which may have contributed to its urgency in seeking acquisition [3][6].

Core Viewpoint - The semiconductor materials company, Xian Dao Electronics Technology Co., Ltd. (Xian Dao Dian Ke), is urgently seeking acquisition despite recently submitting an IPO guidance report, indicating potential underlying issues affecting its financial stability and growth prospects [1][8]. Group 1: Acquisition Attempts - Xian Dao Dian Ke has recently engaged in acquisition discussions with Chuzhou Development (600208.SH) to purchase shares held by Guangdong Xian Dao Rare Materials Co., Ltd. and other shareholders [1]. - Prior to this, Xian Dao Dian Ke was involved in a failed acquisition attempt by Guangzhi Technology (300489.SZ), which was terminated due to external environmental changes and unresolved terms [1][4]. - The company has been in the IPO guidance phase for over a year and has submitted multiple reports, indicating prolonged challenges in meeting regulatory requirements [2][3]. Group 2: Financial Performance - Xian Dao Dian Ke's revenue has shown a significant decline, with reported figures of 21.9 billion, 28.8 billion, and 15.9 billion for the years 2022, 2023, and the first half of 2024, respectively [8]. - Net profits have also decreased from 4.66 billion in 2022 to 2.61 billion in the first half of 2024, alongside a declining gross margin from 21.28% to 16.4% during the same period [8]. - The company is facing challenges in expanding its product offerings in emerging fields, which may adversely affect its future growth [8]. Group 3: Regulatory and Operational Issues - The prolonged IPO guidance period suggests that Xian Dao Dian Ke may be struggling with unresolved issues related to related-party transactions, which are under scrutiny by regulatory bodies [2][3]. - The company has a complex ownership structure, with significant stakes held by related parties, complicating its acquisition and IPO processes [5][7]. - The urgency to sell may reflect a strategic pivot in response to declining financial performance and the need for capital infusion to stabilize operations [1][8].

Core Viewpoint - Huicheng Environmental Protection's stock price has experienced a significant increase despite a drastic decline in its financial performance, leading to an extraordinarily high price-to-earnings ratio exceeding 2500 times [1][8]. Financial Performance - In the first half of 2024, Huicheng Environmental Protection reported a revenue of 564 million yuan, a year-on-year decrease of 5.09%, and a net profit of 5.02 million yuan, down 85.63% [2]. - The company's non-recurring net profit was only 762,000 yuan, a staggering decline of 97.53% year-on-year, marking the second-lowest point since its listing [2][4]. - The main business segments include resource utilization products and waste disposal services, with the resource utilization segment experiencing a revenue drop of 25.21% to 170 million yuan [2]. Business Segments - The hazardous waste disposal service revenue increased by 5.81% to 354 million yuan, primarily driven by services provided to Guangdong Petrochemical [2][3]. - The high-sulfur petroleum coke resource utilization project, which began operations in December 2022, generated 374 million yuan in revenue in the first half of 2024, with net profits of 51.28 million yuan [3]. Cost Structure - Despite a slight decline in revenue, the company's net profit saw a dramatic drop due to significantly increased expenses, including sales, management, and financial costs, which rose by 11.12%, 27.73%, and 17.94% respectively [4][5]. - The increase in costs is attributed to the establishment of multiple subsidiaries and the expansion of business operations across the country [5]. Market Performance - Since its listing, Huicheng Environmental Protection's stock has shown extreme volatility, with a peak increase of nearly 24 times since late 2022, despite inconsistent profit levels [6][7]. - The stock's performance has been driven by its small market capitalization, allowing for significant price movements with relatively small capital inflows [7]. Analyst Ratings - Despite the high valuation and declining performance, Guosheng Securities has maintained a "buy" rating on the stock, projecting revenues of 4.2 billion yuan by 2027, which would represent a 3.65-fold increase from 2024 [1][8]. - The company is currently investing in several projects, including waste plastic resource utilization, which are still under development and may impact future performance [8][9].