(责任编辑：王治强HF013) 【燕京啤酒跨界汽水赛道，破局之路挑战重重】炎炎夏日，碳酸饮料销售旺季来临。众多品牌新品同质 化高，但跨界做饮料成行业趋势。燕京啤酒为顺应年轻消费群体饮品新趋势，今年实施"啤酒+饮料"组 合营销策略，3月跨界推出新品"倍斯特汽水"，视为进军饮料赛道重要落子。饮料赛道成快消品战略战 场，能精准卡位年轻消费群体，坐拥流量红利，构建万亿级消费网络。行业数据回暖，成资本与品牌追 逐的"价值洼地"，不过市场竞争激烈，跨界者面临考验。燕京啤酒高调跨界入局，原因有三。一是汽水 市场销量可观，竞争对手北冰洋2023年销售额突破6亿，2024年销量达600万箱；燕京啤酒对标大窑， 2024年大窑营收破50亿。年轻人是消费主力，燕京啤酒想借此绑定年轻群体。二是汽水市场扩容空间 大，处于红利释放期。2024年全球碳酸软饮料市场规模2429.14亿美元，预计2029年达3507.76亿美元， 国内碳酸饮料行业集中度下降，本土品牌迎机遇。燕京啤酒想分得一杯羹，打造第二护城河。三是啤酒 生意遇瓶颈，燕京啤酒急需培育第二增长极。2022-2024年，其营收增速逐年下滑，啤酒销量增速也下 探。中高档产品依赖燕京 ...

Group 1 - The core idea of the news is the launch of "Shoe E Loan" by Xiamen International Bank's Putian branch, aimed at supporting the local shoe manufacturing industry through innovative financial services [1][2] - "Shoe E Loan" targets key players in the shoe industry, including raw material suppliers, OEM manufacturers, and distributors, providing credit solutions based on tax credit, business flow, and industry position [1] - The loan offers a maximum credit limit of 3 million yuan, significantly benefiting small and micro shoe enterprises by injecting financial resources into the industry [1] Group 2 - The successful implementation of "Shoe E Loan" represents an innovative breakthrough in inclusive finance, enhancing the intelligent transformation of Putian's shoe industry [2] - Xiamen International Bank plans to deepen collaboration among government, associations, banks, and enterprises to create a service network for the shoe industry, promoting healthy development of small and micro enterprises [2] - The bank aims to support the upgrade of Putian's shoe brands and the growth of the real economy by injecting financial momentum through "Shoe E Loan" [2]

Group 1 - The core viewpoint emphasizes the importance of efficiency in financial support for the real economy, illustrated by Luzhou Bank's rapid response to a packaging technology company's financing needs [1] - Luzhou Bank facilitated a financing solution of 35 million yuan for the company's bottle cap manufacturing project within 15 days, highlighting the bank's effective dual-line mechanism of "external linkage + internal collaboration" [1][4] Group 2 - The bottle cap manufacturing project is crucial for the layout of the liquor industry in Luzhou, and the company faced challenges in expanding production due to insufficient collateral after initial financing [2] - Luzhou Bank collaborated with a local guarantee company to create a tripartite cooperation platform, customizing a financing plan that addressed the company's collateral bottleneck [2] Group 3 - To expedite fund disbursement, Luzhou Bank initiated an "all-process acceleration" model, forming a special team to break down traditional process barriers, which included pre-approval discussions and embedded participation of risk control personnel [3] - This approach reduced documentation workload by 40% and ensured timely fund allocation for equipment procurement [3] Group 4 - The rapid funding not only alleviated the company's immediate financial concerns but also allowed it to seize market opportunities, contributing positively to the development of the Luzhou liquor industry [4] - Luzhou Bank aims to continuously enhance its financial service capabilities through process optimization and product innovation, ensuring that financial services are more precise and efficient in supporting local industrial development [4]

7月10日，和讯投顾刘伟奇称，周三进行A股收评，3500点得而复失、冲高回落，对此齐明认为，3500 点附近出现震荡很正常，市场不太可能一蹴而就突破。不过，昨天市场刷新了去年10月8日以来的收盘 价新高，意义重大，此处大概率处于三浪上升阶段，概率可达99%。 对于昨天尾盘回落，刘伟奇判断属于正常现象。虽然盘中及尾盘形成了60分钟、120分钟的高点结构， 且有60分钟高九，但他认为问题不大。后续需关注调整力度，他判断调整力度有限，因为很多低位板块 如半导体、芯片、机器人、人工智能等，已处于低位，继续下跌概率不大，适当调整反而更健康。 昨天平均股价小幅下挫，但仍创新高，只要昨天阳线未被吞没，就无需担忧。多数个股走出类似老鸭头 走势，只要该形态未失败，就无需紧张。再看上证指数，昨天最高冲至3500点下方，成交量小幅放大至 1.5万亿以上，表现不错。尾盘大盘股价格有所下探，但小票未受明显影响。 从走势看，日线钝化早已消失，不存在大级别高点。120分钟级别， DIF再次向下拐头但未死叉，若明 天上午指数上涨10多点，钝化就会消失，120分钟级别走势还会反复。60分钟级别出现高九和向下拐 头，再次形成高点结构，不过可淡化 ...

Group 1 - The article highlights the potential for certain stocks to advance to the sixth board, particularly focusing on one food delivery stock, one PCB stock, and two power stocks, which could strengthen related themes if successful [1] - The market sentiment reached a peak recently, suggesting a possible correction in the following day, with a focus on stocks that can withstand significant volatility and still advance [1] - If stocks fail to advance or experience strong negative feedback, it is advised to consider switching focus to other stable core stocks and adopt strategies like low absorption and supplementary gains [1] Group 2 - PCB is identified as a standout sector in the mid-year report expectations, with core stocks presenting low absorption opportunities being worth exploring [2] - Two signals indicate whether the PCB theme is at a payout stage: core stocks hitting the limit up and the realization of performance expectations [2] - Defensive sectors such as military, innovative pharmaceuticals, and renewable energy are recommended for attention during potential market corrections, with a specific mention of the rare earth permanent magnet sector having a unique payout logic [2]

Group 1 - The market index experienced a high and then a pullback, closing with a small negative line, indicating a potential false breakout scenario [1] - A true breakout requires sustained and strong bullish momentum, particularly above the resistance level of 3509 points, which was last seen on November 8 of the previous year [1] - If the index fails to accelerate past this level, it may revert back towards the central range, leading to further fluctuations [1] Group 2 - The current pullback towards the central range is not a cause for excessive concern, as it is part of a normal fluctuation process [2] - There are signs of divergence in the market structure, indicating that the upward momentum (b segment) is weaker compared to the previous phase (a segment), which may lead to a pullback [2] - From a medium-term perspective, the overall direction remains upward, although some short-term fluctuations and corrections are expected [2]

Group 1 - The market experienced fluctuations around the 3500-point mark, which is considered normal, and a breakthrough is not expected to happen immediately [1] - The market reached a new intraday high since October 8 of the previous year, indicating a significant milestone, with a high probability of being in the third wave of an upward trend [1] - The average stock price slightly declined but still reached a new high, suggesting that as long as the previous day's gains are maintained, the market remains stable [1] Group 2 - The daily line's stagnation has disappeared, indicating no major high-point risk, while the 120-minute level shows a downward turn without forming a death cross [2] - A market pullback to the 3470-3480 point range is considered normal, and even if a high point forms at the 120-minute level, there is no need for excessive concern [2] - The current market is likely in a primary upward phase, and maintaining around 60% position is recommended, with potential buying opportunities if the stagnation phenomenon disappears [2]

Core Viewpoint - Guangxin Materials' high-performance industrial functional coating brand HIPRO Graphene has passed the NORSOK M-501 standard test, which is expected to enhance its international influence and open up more opportunities in the marine engineering equipment coating market [1] Group 1: Certification and Market Opportunities - The successful certification allows the company to participate in marine engineering equipment coating projects, potentially increasing its presence in high-end markets and international branding [1] - The marine engineering coating sector is a critical strategic layout and growth engine for the company, which has historically been dominated by international giants [1] - The company's self-inspection and third-party testing results have significantly exceeded those of common multinational brands, meeting the NORSOK M-501 standard requirements [1] Group 2: Innovation and Industry Transformation - The certification validates the company's new coating solutions as being at the international top level, marking a milestone for participation in marine engineering protective coating projects [1] - The company focuses on innovation to drive industry updates, providing technological momentum through the development of environmentally friendly high-performance graphene-modified anti-corrosion coatings [1] - The company aims to enhance product quality and value while avoiding low-price competition, thus promoting industry transformation [1] Group 3: Future Strategy and Customer Engagement - The company will accelerate engagement with strategic customers to facilitate the sales of coating solutions [1] - By leveraging its comprehensive advantages, the company seeks to strengthen its core capabilities and establish a high-end brand image and reputation [1]

Group 1 - Muyuan Foods expects a significant increase in net profit for the first half of 2025, projecting a profit of 10.5 billion to 11 billion yuan, representing a year-on-year growth of 924.6% to 973.39% [1][2] - The increase in profit is attributed to a rise in pig sales volume and a decrease in breeding costs compared to the previous year [2][3] Group 2 - TCL Technology anticipates a net profit of 1.8 billion to 2 billion yuan for the first half of 2025, reflecting a year-on-year increase of 81% to 101% [1][4] - The company's revenue is projected to be between 82.6 billion and 90.6 billion yuan, with a growth rate of 3% to 13% compared to the same period last year [1][4] - The semiconductor display business is expected to achieve a net profit exceeding 4.6 billion yuan, marking a growth of over 70% [3] Group 3 - TCL Zhonghuan is projected to incur a net loss of 4 billion to 4.5 billion yuan in the first half of 2025, compared to a loss of 3.064 billion yuan in the same period last year [4][5] - The loss is attributed to a decline in product prices and inventory impairment due to supply-demand imbalances in the industry [5] Group 4 - Shanghai Pharmaceuticals expects a net profit of 4.45 billion yuan for the first half of 2025, representing a year-on-year increase of approximately 52% [6] - The increase is partly due to the acquisition of a 10% stake in Shanghai Hutchison Pharmaceuticals, which has been consolidated into the financial statements [6] Group 5 - Northern Rare Earth anticipates a net profit of 900 million to 960 million yuan for the first half of 2025, indicating a year-on-year increase of 1882.54% to 2014.71% [7] - The growth is driven by improved production management, cost reduction, and increased sales of key products [7] Group 6 - Ganfeng Lithium expects a net profit of 600 million to 640 million yuan for the first half of 2025, reflecting a year-on-year increase of 100.73% to 114.12% [13] - The growth is attributed to significant revenue increases and effective cost control measures [13] Group 7 - Foster anticipates a net profit decrease of 49.05% for the first half of 2025, projecting a profit of 473 million yuan [17] - The decline is due to oversupply in the photovoltaic industry and intensified market competition, leading to lower sales prices [17]

Core Viewpoint - The rise of new consumption sectors is attracting attention as investors shift their focus from traditional "blue-chip stocks" to new consumption disruptors, seeking companies that can replicate the success of brands like Pop Mart in the Hong Kong market [1] Group 1: New Consumption Sector Performance - The new consumption sector has seen significant growth, with companies like Pop Mart, Laopu Gold, and Mixue Group achieving impressive stock price increases, earning the nickname "Three Sisters of Consumption" [1] - In the A-share market, new consumption concepts have shown attractive valuation elasticity, with stocks like Yizhi Moyu increasing by over 500% from September 24 of last year to May 30 of this year [1] - Yufucheng has emerged as a "dark horse" in consumption, with its stock price rising from 11 CNY per share in September 2024 to approximately 65 CNY per share by May 30, 2025, marking a nearly 500% increase [1] Group 2: Financial Performance and Growth - Yufucheng's net profit attributable to shareholders is expected to grow by approximately 95% year-on-year in 2024, with a projected 114% increase in the first quarter of 2025 [1] - The company’s proprietary brands "Zhanjia" and "Feicui" are gaining traction, contributing to its growth [1] - The sales of Kuaijishan's "爽酒" exceeded 10 million CNY within 12 hours during a live broadcast on May 25, leading to consecutive stock price increases and a market capitalization surpassing 12 billion CNY [1] Group 3: Changing Investment Logic - The resurgence of interest in the consumption sector indicates a shift in investment logic, with a focus on the changing dynamics of consumer behavior [1] - The increasing share of service-oriented consumption and the emergence of four major categories of new consumption are reshaping market trends [1] - Investors are recognizing opportunities for valuation recovery in traditional consumption sectors, which are currently at historical low valuations, while some established companies may find new growth trajectories [1] Group 4: Investment Strategies and Methodologies - Fund managers are restructuring their research methodologies to adapt to the new consumption trends, as traditional data may not suffice [1] - Monitoring various data points and immersive experience consumption trends are becoming essential for public fund managers in the consumption sector [1] - Key factors for identifying investment opportunities include emotional value and channel efficiency, as highlighted by industry experts [1]