Group 1: Market Overview - The infrastructure concept has strengthened significantly, with sectors such as engineering machinery, civil explosives, and cement leading the gains [1] - The Shanghai Composite Index rose by 0.72%, marking a four-day winning streak and reaching a new high for the year; the Shenzhen Component Index increased by 0.86%, and the ChiNext Index rose by 0.87% [2] - The total market turnover was approximately 1.73 trillion yuan, an increase of 133.9 billion yuan compared to the previous trading day, with over 4,000 stocks rising [2] Group 2: Stock Performance - Northern Rare Earth (600111) reached a peak price of 35.75 yuan per share, setting a historical high, and closed at 35.05 yuan with a trading volume of 146.64 billion yuan, ranking first in A-share trading volume [4][7] - Other notable stocks with trading volumes exceeding 10 billion yuan include Dongfang Caifu, Zhongji Xuchuang, and Xinyi Sheng [4] - Several high-priced stocks experienced adjustments, with Forest Packaging hitting the daily limit down, Sifang Jingchuang down nearly 8%, and Zhongdian Port down over 7% [5] Group 3: Northern Rare Earth Insights - Northern Rare Earth's stock price surged due to multiple favorable news factors, including a tight supply of mainstream rare earths and stable domestic demand, with international orders recovering [9] - The company is accelerating capacity construction and technological upgrades, including a 5,000-ton/year rare earth permanent magnet industrialization project and a 3,000-ton/year high-performance NdFeB magnetic material project [9][10] - Future strategies include mergers and acquisitions to enhance the supply chain, improve production capacity and technology levels, and strengthen resource security for rare earth metals [10] Group 4: Aluminum Sector Performance - The aluminum sector saw significant gains, with companies like Tianshan Aluminum, Jiaozuo Wanfang, and Shenhuo Co. leading the rise [11][12] - The price of alumina futures increased by 8.39% by the end of the trading day [12] - The Ministry of Industry and Information Technology plans to implement a new round of growth stabilization measures for the non-ferrous metals industry, focusing on high-quality development and resource efficiency [14]

Core Viewpoint - JD.com is significantly investing in the robotics sector, focusing on building a technological innovation ecosystem through internal innovation and external investments [1][2]. Group 1: Investment Activities - JD.com has recently led investments in three robotics companies: Qianxun Intelligent with a 600 million yuan Pre-A+ round, LimX Dynamics in a new financing round, and Zhongqing Robotics in two financing rounds [1]. - In addition to these investments, JD.com has previously participated in the financing of Zhiyuan Robotics and established a "Smart Robotics Business" department in June [1]. Group 2: Strategic Focus - JD.com aims to leverage its supply chain, logistics, and retail capabilities to explore various scenarios for robotics, including logistics, retail, health, and industrial applications [2]. - The company is also entering the consumer robotics market, with plans to announce collaborations with multiple robotics firms at the 2025 WAIC World Artificial Intelligence Conference [2]. Group 3: Challenges and Considerations - Experts note that while JD.com excels in supply chain and retail, transitioning into a participant in the embodied intelligence industry requires enhancing capabilities in research and development, product definition, and industry integration [3]. - The real challenge lies in facilitating collaboration between upstream and downstream resources, ensuring the successful application of technology in real commercial scenarios [3].

Core Viewpoint - The article discusses the controversy surrounding Zeekr's sales practices, particularly the sale of "0-kilometer used cars," which the company denies, asserting that the vehicles in question are exhibition cars that have not been registered as used cars [1][2]. Group 1: Company Response - Zeekr officially denied allegations of selling "0-kilometer used cars," stating that the vehicles are exhibition cars that have never been registered or issued retail invoices, maintaining their status as new cars [1]. - The company emphasized that exhibition cars, which typically have a storage age of 3-5 months, are sold at a discount based on their display history, and buyers enjoy full rights as the first owner of a new vehicle [1]. - Zeekr has established a special team to investigate and improve the issues related to the reported sales practices to enhance consumer purchasing experience [1]. Group 2: Industry Context - An investigation revealed that since May, Zeekr has been accused of selling previously insured inventory vehicles as new cars, leading to numerous consumer complaints [2]. - In December of the previous year, Zeekr experienced a significant surge in sales in Shenzhen and Xiamen, with sales increasing by 377.5% and 647.8% respectively, alongside a record delivery of 27,190 vehicles, marking a 102% year-on-year growth [2]. - The term "0-kilometer used car" refers to vehicles that have completed registration but have very low or zero mileage, often stemming from manufacturers clearing old stock or dealers pre-registering vehicles for sales incentives [2][3]. Group 3: Regulatory Attention - The issue of "0-kilometer used cars" has drawn attention from industry leaders and regulatory bodies, with Great Wall Motors' chairman highlighting it as a market disruption [3]. - The Ministry of Commerce has expressed support for the development of the used car market and is working on regulations for used car exports, aiming to ensure quality and safety in the sector [3].

周一早盘，A股三大指数集体高开，延续上涨态势。截至午间收盘，上证指数报3549.89点，涨0.44%； 深证成指、创业板指分别涨0.29%、0.12%。全市场半日成交额11026亿元，较上个交易日同期放量733 亿元。 雅下水电概念爆发 多只个股涨停 早盘，受国家级水电工程正式开工提振，水电工程、水泥等基建板块集体大涨。其中，五新隧道、中国 电建、保利联合、西藏天路、壶化股份等多只个股开盘"一字涨停"；韩建河山开盘1分钟拉升涨停，深 水规院开盘2分钟冲击"20cm"涨停。 盘面上，全市场超3500只个股上涨。水电工程、水泥等基建板块爆发涨停潮，五新隧道、中国电建、保 利联合、西藏天路、壶化股份等多只个股涨停；稀土永磁概念反复活跃，北方稀土涨超5%，成交额 116.69亿元，位居A股第一。 个股方面，上纬新材（688585）今日再度以20%幅度涨停，走出9连板。自7月9日以来，上纬新材区间 累计涨幅达416.20%。 早盘，人形机器人概念股再度活跃。截至午间收盘，长盛轴承、万达轴承涨超10%，卧龙电驱、四川金 顶、雅化集团涨停。 | < > | | 雅下水电概念 | | rg Q | | --- | --- | ...

Core Viewpoint - The upgrade of Moutai 1935 signifies not only a quality enhancement of the product but also reflects the company's deep consideration for the industry ecosystem, aiming to provide consumers with an exceptional drinking experience through continuous quality breakthroughs [1][5]. Group 1: Product Quality Enhancement - The upgrade focuses on three core dimensions: diversity of base liquor, aging of the liquor, and blending technology, achieving a leap from "good" to "better" [2]. - The upgraded Moutai 1935 incorporates over 20 different base liquors from various regions, enhancing the richness and complexity of the flavor profile [2]. - The selection of older liquors with longer storage times improves the comfort of the aroma, with expert feedback highlighting the new liquor's "micro-yellow brilliance and comfortable aged aroma" [2][3]. Group 2: Innovative Blending Technology - The innovative blending technology combines traditional craftsmanship with modern flavor analysis, addressing the industry challenge of batch variability [3]. - This dual evaluation method allows for a refined integration of base liquors, resulting in breakthroughs in aroma delicacy, flavor layers, and lasting richness [3]. Group 3: Industry Ecosystem Considerations - The upgrade reflects Moutai's commitment to industry collaboration, as the evaluation event involved 17 liquor companies and 26 experts across four provinces, promoting a new model of "industry co-evaluation" [5]. - The consumer-centric approach during the upgrade process involved market testing in 18 key provinces, gathering feedback from over 200 consumers to optimize the base liquor combinations [5]. Group 4: Setting Industry Standards - Moutai's pursuit of base liquor diversity is reshaping the industry's perception of high-quality liquor, establishing a new benchmark that emphasizes "technical diversity determines quality height" [6]. - The establishment of a microbiological research system and a comprehensive quality management system further enhances the competitive edge of Moutai's products [6]. Group 5: Long-term Quality Commitment - The upgrade of Moutai 1935 exemplifies the company's philosophy that "quality is the soul of life," with three upgrades since its launch in 2022 reflecting the pursuit of continuous improvement [8][9]. - Moutai's commitment to both craftsmanship and industry responsibility positions it as a leader in advancing the entire liquor industry towards higher quality and better ecological practices [9].

Core Viewpoint - UBTECH Robotics, known as the "first humanoid robot stock," has secured a significant contract worth 90.51 million yuan for robot equipment procurement from Miyi (Shanghai) Automotive Technology Co., Ltd. [3] Group 1: Contract and Market Position - UBTECH has won a procurement project for humanoid robots from Miyi Automotive, with a project amount of 90.51 million yuan [3] - The company aims to produce approximately 1,000 humanoid robots this year, focusing on real-world applications to gather more data [3] Group 2: Product Development and Innovation - The new generation industrial humanoid robot, Walker S2, has achieved a breakthrough with its autonomous battery swapping capability, allowing it to change batteries in 3 minutes without human intervention [6] - This technology enhances continuous operation and reduces maintenance costs, thereby improving overall production efficiency [6] - In the education and research sector, UBTECH has received orders for over 100 units of its Tian Gong Xing Zhe humanoid robots, with expectations to deliver more than 300 units this year [6] Group 3: Strategic Partnerships and Expansion - UBTECH has partnered with the Beijing Humanoid Robot Innovation Center to launch a full-size research and education humanoid robot, aimed at universities and research institutions [6]

来源：第一财经 关注" 新华网财经 "视频号 更多财经资讯等你来看 据央行官网，7月贷款市场报价利率（LPR）为：1年期LPR为3.0%，上次为3.0%；5年期以上LPR为 3.5%，上次为3.5%。 卖爆了！暴增200%！ 往期推荐 高铁上不让吃方便面了？12306回应 ...

上周，美股市场表现较平稳，纳指累计上涨1.51%，当地时间7月18日再创收盘历史新高；标普500指数 累计上涨0.59%；道指微跌0.07%。中国资产整体表现较佳，纳斯达克中国金龙指数全周涨近4%。 展望本周，美股财报季将逐渐进入高峰，预计将有超过100家标普500成分股公司发布财报。其中，可口 可乐、通用汽车、谷歌-A、特斯拉等的业绩将受到市场广泛关注。此外，欧洲央行将于7月24日公布最 新利率决议。 黄仁勋上周再度套现超6300万美元 值得注意的是，英伟达股价上周续刷历史新高，英伟达首席执行官黄仁勋果断出手，再度减持。7月14 日至18日的五个交易日，黄仁勋每日抛售75000股英伟达股票，全周累计减持37.5万股，套现超6300万 美元。 上周五（7月18日），英伟达股价盘中再度刷新历史新高，一度触及174.25美元。截至当日收盘，英伟 达报172.41美元，总市值4.21万亿美元。 美国证券交易委员会（SEC）发布的文件显示，英伟达首席执行官黄仁勋于7月18日再次出售75000股公 司股票，交易总额约为1294万美元。7月14日至18日的五个交易日间，黄仁勋日均抛售75000股英伟达股 票，全周累计减持 ...

Core Viewpoint - The article highlights various government initiatives and industry developments aimed at stabilizing growth in key sectors, addressing competition issues in the automotive industry, and promoting foreign investment in China. Macro News - The Ministry of Industry and Information Technology announced that a work plan for stabilizing growth in ten key industries, including steel and non-ferrous metals, will be released soon [1][8] - The National Development and Reform Commission, along with six other departments, issued measures to encourage foreign investment and reinvestment in China, focusing on advanced manufacturing and high-tech sectors [6] - The Ministry of Industry and Information Technology plans to accelerate 6G technology research and development and promote new industries such as bio-manufacturing and low-altitude industries [6][9] Market Highlights - The China Securities Regulatory Commission is working on improving accounting regulations to enhance the quality of financial disclosures in the capital market [11] - As of July 18, 211 companies are in the process of filing for overseas listings, with 165 planning to list on the Hong Kong Stock Exchange [11] - The 2025 China (Shenzhen) Unicorn Enterprise Conference reported that the number of unicorn companies in China is expected to reach 372 by 2024, with a total valuation exceeding $1.2 trillion [11] Major Company Developments - NIO issued a statement addressing malicious rumors about the company and its employees, emphasizing its commitment to lawful operations [16] - China Unicom and Huawei signed a strategic cooperation agreement to enhance collaboration in network and technology services [16] - Oriental Hope Group released a statement defending its operations in the polysilicon industry against false information and reaffirming compliance with market regulations [17] - ChipLink Integration announced plans to acquire a 72.33% stake in ChipLink Yuezhou for approximately 5.897 billion yuan, which constitutes a related party transaction [12]

Core Viewpoint - The consumption tax threshold for ultra-luxury cars has been lowered to 900,000 yuan (excluding VAT), effective from July 20, 2023, marking a significant policy change since the establishment of the ultra-luxury car consumption tax system in 2016 [1][3]. Group 1: Policy Changes - The new regulation states that the consumption tax will now apply to passenger cars and light commercial vehicles with a retail price of 900,000 yuan (excluding VAT) and above, including various power types such as pure electric and fuel cell vehicles [1]. - Jaguar Land Rover China announced that it will fully cover the additional consumption tax for specified models purchased from authorized dealers during the period from the implementation of the new policy until July 31 [1]. Group 2: Taxation on Used Cars - The announcement clarifies that no consumption tax will be levied on the sale of second-hand ultra-luxury cars by taxpayers [2]. Group 3: Historical Context - This policy change is the most significant since the ultra-luxury car consumption tax was introduced in November 2016, which initially set the threshold at 1.3 million yuan (excluding VAT) [3].