Core Viewpoint - The announcement of the lifting of the lock-up period for 300 million shares of Jiangbolong (accounting for 71.57% of total shares) on August 5 is expected to have limited liquidity impact, as the controlling shareholder and executives have committed not to reduce their holdings for 12 months, enhancing market confidence in the company's future development and investment value [1][2][3] Group 1: Share Lock-up and Market Impact - The actual share reduction from the original 300 million shares to 119 million shares significantly alleviates market concerns about concentrated lock-up releases, with the proportion of shares available for reduction dropping from 71.57% to 28.30% [2] - The employee shareholding platform, holding 16.53% of shares (0.69 million shares), will also adhere to strict reduction protocols, further decreasing the actual available shares for reduction by 57.98% [2] Group 2: Company Performance and Strategy - Jiangbolong is advancing its business layout in high-end, overseas, and brand sectors, aiming to establish itself as a competitive global semiconductor storage brand, achieving significant breakthroughs in enterprise-level storage and high-end consumer storage [4][5] - In 2023, Jiangbolong achieved revenue of 10.125 billion yuan, marking its first time surpassing the 10 billion yuan threshold, with a projected revenue of 17.464 billion yuan in 2024, reflecting a year-on-year growth of 72.48% [5] - The company has introduced innovative business models such as PTM (Product Technology Manufacturing) and TCM (Technology Contract Manufacturing), enhancing its market position and operational capabilities [5][6] Group 3: Market Trends and Future Outlook - The storage chip industry is currently experiencing a dual drive of technological innovation and demand recovery, with expectations for continued revenue growth due to rising prices and increased orders in the mid-to-high-end segment [6] - Jiangbolong is positioned to benefit from margin elasticity and the growth of mid-to-high-end orders in the short term, while long-term prospects include enhancing profitability and industry leadership through self-developed main control chips and innovative business models [6]

领益智造7月31日在互动平台表示，公司的人形机器人业务已逐步产生收入，涉及到各类机加工结构 件、核心零部件、关节等模组、整机组装等全链路环节。 ...

Core Viewpoint - The event "Financial Directly Reaching the Grassroots Acceleration Run" and "Zhongtai Securities Directly Reaching Enterprises Acceleration Run" in Yantai aims to enhance the connection between local enterprises and the capital market, providing targeted guidance for companies planning to go public [1] Group 1: Event Overview - The event was jointly organized by the Provincial Financial Office, Yantai Municipal Government, and Zhongtai Securities, featuring participation from various departments including investment banking, research, and local branches [1] - A seminar on listing work and policy interpretation was held, where experts from Zhongtai Securities explained the rules and practical points of Hong Kong stock listings [1] Group 2: Company Engagement - Representatives from 10 key Yantai enterprises presented their development status, listing plans, and core challenges, receiving tailored advice from the expert team based on their needs [1] - During the event, the organizing team conducted on-site research at 6 local companies to assess their production, technology development, and listing preparation, facilitating direct communication to clarify their needs [1] Group 3: Impact on Local Economy - The three-pronged approach of "policy interpretation + enterprise discussions + on-site research" aims to streamline the connection between Yantai enterprises and the capital market, injecting new momentum into the service for companies seeking to go public [1] - The initiative is expected to positively impact the quality and efficiency of the regional real economy [1]

沪深300ESGETF（561900）业绩比较基准为沪深300ESG基准指数收益率，管理人为招商基金管理有限 公司，基金经理为房俊一，成立（2021-07-06）以来回报为-11.35%，近一个月回报为5.25%。 风险提示：市场有风险，投资需谨慎。本文为AI大模型自动发布，任何在本文出现的信息（包括但不 限于个股、评论、预测、图表、指标、理论、任何形式的表述等）均只作为参考，不构成个人投资建 议。 来源：新浪基金∞工作室 7月31日，截止午间收盘，沪深300ESGETF（561900）跌1.24%，报0.875元，成交额190.73万元。沪深 300ESGETF（561900）重仓股方面，贵州茅台截止午盘跌1.80%，招商银行跌0.38%，宁德时代跌 2.59%，长江电力跌2.72%，兴业银行跌0.75%，美的集团跌2.51%，比亚迪跌2.85%，工商银行涨 0.40%，五粮液跌2.02%，中国平安跌1.98%。 ...

Core Viewpoint - Meta's Q2 2025 financial results exceeded market expectations, alleviating concerns regarding tariffs, EU antitrust lawsuits, and aggressive hiring practices [1] Advertising Performance - Advertising revenue grew by 21.5% year-over-year, with an acceleration in growth compared to the previous quarter. The impact of tariffs was minimal, and features like Advantage+ and Reels continued to drive organic growth [2] - The increase in ad impressions indicates deeper penetration of Reels among users, particularly on Facebook, while the growth rate of ad prices showed slight deceleration, likely due to the lower pricing of Reels [2] Guidance and Future Prospects - For Q3, Meta provided a revenue growth guidance of 17-24%, despite potential impacts from EU antitrust lawsuits. The company anticipates significant revenue contributions from platforms like WhatsApp and Threads, estimating an annual revenue increase of approximately $10 billion [4] - The operational expenditure (Opex) was not as high as market fears suggested, with only R&D expenses continuing to grow significantly. The overall expense guidance for the year was slightly raised, indicating a controlled expansion [4][5] Profitability and Financial Metrics - Meta's operating profit margin for app services improved by 3 percentage points year-over-year, reaching 53%. Reality Labs continued to incur losses, but the scale of these losses remained relatively small [5] - The company reported a cash and short-term investment total of $47 billion at the end of Q2, with significant cash outflows for acquisitions and capital expenditures. Free cash flow for the quarter was $8.6 billion, with shareholder returns expected to exceed $50 billion annually [5] Capital Expenditure and Investment Strategy - Capital expenditures (Capex) were raised slightly, from a range of $64-72 billion to $66-72 billion, reflecting a focus on internal business improvements rather than external customer demands [6] - Meta's approach to AI investments differs from competitors like Google, focusing on internal enhancements, which allows for better control over return on investment [6] Market Position and Valuation - The competitive landscape for Meta remains stable, allowing the company to maintain its advantageous position and continue to mitigate external risks while exploring growth opportunities [9] - Analysts suggest a valuation range of 23-25x P/E based on adjusted earnings expectations, with potential upside from the commercialization of WhatsApp and Threads [9]

Core Viewpoint - Huadong Medicine (000963.SZ) announced that its wholly-owned subsidiary, Sino-American Huadong, received the Acceptance Notice from the National Medical Products Administration for the marketing authorization application of Edaravone Tablets (R&D code: TTYP01) for the treatment of acute ischemic stroke [1] Group 1 - Sino-American Huadong has signed an exclusive licensing agreement with Ausgen Biotech, obtaining exclusive rights for all indications of TTYP01 in mainland China, Hong Kong, Macau, and Taiwan [1]

近日，零次方机器人宣布完成天使+和天使++轮亿元级融资。天使+轮融资由包河创投、同创伟业、力 合科创出资，天使++轮由水木基金、包河创投、瑞穗力合、拉尔夫创投出资。据悉，继2月份拿下天使 轮融资，零次方已于半年内完成三轮融资。 ...

流动性方面，港股互联网ETF盘中换手23.8%，成交8501.42万元，市场交投活跃。拉长时间看，截至7月30日，港股互联网ETF近1年日均成交1.83亿元。 消息面上，近日，美图公司发布盈喜公告，料上半年调整后净利润预计按年增长65%至72%，预计总收入按年增长25%至20亿元人民币（下同），调整后净 利润按年增长68%至4.58亿元。上半年，港股科技行情向好，AI应用受热捧。华创证券认为，美图是少数具备全球化+持续盈利能力的AI落地应用公司。 截至2025年7月31日 10:57，中证港股通互联网指数(931637)上涨0.90%，成分股美图公司(01357)上涨12.13%，汇量科技(01860)上涨11.00%，金山云(03896)上 涨8.51%，金蝶国际(00268)上涨7.41%，东方甄选(01797)上涨6.91%。港股互联网ETF(159568)上涨1.44%，最新价报1.84元。拉长时间看，截至2025年7月30 日，港股互联网ETF近2周累计上涨1.80%。 费率方面，港股互联网ETF管理费率为0.50%，托管费率为0.10%，费率在可比基金中最低。 跟踪精度方面，截至2025年7月30 ...

Group 1 - Hong Kong gold stocks are experiencing a decline, with Tongguan Gold falling over 8% for six consecutive days, and other companies like Zijin Mining, Lingbao Gold, Shandong Gold, and China Silver Group dropping over 4% [1] - The night session saw spot gold prices drop, briefly falling below $3,270 per ounce, with a nearly 2% decline during trading [3] - Chinese investors are shifting funds from gold ETFs to domestic stocks, with a record net outflow of approximately 3.2 billion yuan from four major domestic gold ETFs in July [3] Group 2 - The outflow of funds is primarily driven by individual investors, as gold has been trading within a narrow range, leading to decreased enthusiasm for gold investments [3] - Morgan Stanley indicates that the key to gold price increases lies in ETF inflows, which depend on the Federal Reserve meeting interest rate cut expectations and pushing down U.S. real yields [3] - In an optimistic scenario, gold prices are projected to reach a target of $3,675 per ounce by the end of the year, with expectations of hitting $4,000 per ounce by early next year [3]

专题：2025世界人工智能大会 来源：世界人工智能大会组委会 7月27日晚，正值2025世界人工智能大会暨人工智能全球治理高级别会议（WAIC 2025）会期，由威客 引力主办的'WAIC UP！ 之夜'活动，在世博展览馆下沉式广场成功举办。 从暮色至星沉，这场关于技术、文明与人类未来的深度思辨，以"AI 有什么大不了"为主题，汇聚了来 自人工智能领域及人文社科界的先锋思想者，在场内的思想交锋与场外的灵感碰撞中，共续1956年那场 仲夏夜之梦。 回看2025年，全球AI领域风云激荡。 中国大模型崛起、具身智能爆发、AI应用狂飙…… 这些新闻似乎都在宣告：AI正在重塑世界。 而当技术与资本竞相追逐， 普通人的AI认知， 却远远跟不上这场变革的速度。 我们是否已经默认，AI接管世界只是时间问题？ 但在这场技术狂欢中，一个更本质的问题被忽略了： 如果AI真的无所不能，人类的价值究竟在哪里？ 这正是本次'WAIC UP！ 之夜'活动试图探讨的核心命题。 我们不想重复那些"AI将取代多少工作岗位"的陈词滥调， 也不愿陷入"奇点临近"的科幻想象。 当我们放下媒体的狂热，回归生活本身， 或许会发现，AI既没那么可怕，也没那 ...