点击蓝字，关注我们 苹果(AAPL.US)公布第三财季营收增速为近三年来最快，远超华尔街的预期，这得益于中国对 iPhone 及相关产品的需求有所回升。 该公司周四在一份声明中称，截至 6 月 28 日的财季，营收同比增长 9.6%(自2021年12月以来最快增速)，达到 940 亿美元，分析师此前的平均预测为 893 亿美元。第三季 度每股盈利达到 1.57 美元，超过了平均预期的 1.43 美元，上年同期为1.40美元。 展望未来， 对于截止至9月份的财季，苹果预计整体营收将增长 10%至 20%——这一增幅优于分析师 此前预测的 3% ;服务业务的增长率将与本季度 13%的增幅类似;而毛利率预计将在 46%至 47%之间， 即便包括与关税相关的成本。 关税影响弱于预期，大中华地区销售复苏 尽管美国的关税提高了苹果公司的运营成本，但上个季度这些关税却为该公司带来了销售上的好处 ——消费者纷纷涌向商店抢购商品，以避免预期中的价格上涨。不过，库克指出，这种影响仅占 10 个百分点销售增长的 1 个百分点。 苹果公司曾预计在第三财季将因关税因素遭受 9 亿美元的损失，并表示营收将增长在低至中个位数的 百分比增幅 ...

点击蓝字，关注我们 设计软件公司Figma Inc.(FIG.US)的首次公开募股(IPO)引发市场轰动，其联合创始人兼CEO Dylan Field的身家随之飙升至61亿美元，据彭博亿万富翁指数估算，他距离跻身全球最富有的500人行列仅 一步之遥。截至周四收盘，进入该榜单的门槛为70亿美元。 Figma总部位于旧金山，周四， 该股在IPO首日收于115.50美元，较33美元的发行价暴涨250%，成为 年内最引人瞩目的科技上市案例之一 。Field的联合创始人Evan Wallace也凭借持股成为亿万富翁，其 股份市值约为31亿美元。 此外，Field还有望从2021年一份旧薪酬方案中额外获得1125万股股票。当时该方案与公司市值挂钩， 设定了150亿、200亿和250亿美元的市值目标，而现在，Figma在完全摊薄基础上的估值已突破650亿 美元，意味着这些股份如今价值约13亿美元。 内容来源于智通财经APP IPO后的股价飙升也让年仅33岁的Field更有可能提前达成公司为其设定的长期绩效目标。 根据公司上 月刚通过的一份薪酬激励计划，Figma为他预留了1450万股股票，并将其分为七个绩效等级逐步解 锁。 ...

Group 1 - Hong Kong logistics stocks saw initial gains, with ZTO Express (2057.HK) rising over 8%, JD Logistics (2618.HK) nearly 3%, and Kerry Logistics (0636.HK) over 1%. The Ministry of Transport emphasized accelerating the construction of the national comprehensive transportation network and major project development [1] - CSPC Pharmaceutical Group (1093.HK) increased over 6% after announcing an exclusive licensing agreement with Madrigal Pharmaceuticals for the development and commercialization of the oral GLP-1 receptor agonist SYH2086 [1] - Yuehai Property (0124.HK) surged over 13% following a profit warning, expecting a profit of at least HKD 260 million for the six months ending June 30, 2025, compared to a loss of approximately HKD 217 million in the same period of 2024 [1] Group 2 - NIO (9866.HK) opened nearly 9% higher, with the chairman stating that the L90 model will support profitability in Q4, which is a key target for the company [2] - Silicon material stocks rose, with Xinte Energy (1799.HK) up 6.02% and GCL-Poly Energy (3800.HK) up 4.27%, following the Ministry of Industry and Information Technology's announcement of energy-saving inspection tasks for the polysilicon industry [2] - Geek+ (2590.HK) saw a rise of over 4% after establishing a new company focused on embodied intelligence technology [2] - Zhisheng Technology Group (1159.HK) surged over 16% after announcing a profit forecast of approximately HKD 145 million to HKD 155 million for the six months ending June 30, 2025, compared to a loss of approximately RMB 11.3 million in the same period of 2024 [2] Group 3 - Prada (1913.HK) fell over 3% after a report indicated that its first-half performance was slightly below expectations, with revenues of EUR 2.74 billion, 2% lower than market expectations [3] - CloudWalk Technology (9678.HK) rose over 6% after signing a memorandum of understanding with the government of Vanuatu for AI cooperation [3] - Hong Kong photovoltaic stocks generally rose, with KSTAR (1108.HK) up over 7% and Flat Glass Group (6865.HK) up over 5%, as the industry aims to stabilize prices and increase demand [3] Group 4 - Shoulder Innovations (SI.US) debuted on the US stock market, initially rising over 7% before closing up 0.33% [4] - Western Digital (WDC.US) rose 10.16% after reporting Q2 sales of USD 2.61 billion, a 30% year-on-year increase, exceeding Wall Street expectations [4] - Align Technology (ALGN.US) plummeted 36.63% after reporting Q2 earnings that fell short of analyst expectations despite a slight year-on-year increase in adjusted earnings [4] Group 5 - eBay (EBAY.US) surged 18.3% after reporting Q2 revenue of USD 2.7 billion, a 6% year-on-year increase [5] - Arm Holdings (ARM.US) fell 13.44% due to increased R&D spending and lower-than-expected profit guidance [5] - SoFi Technologies (SOFI.US) rose 3.25% after Mizuho Bank raised its target price from USD 20 to USD 26 [5] Group 6 - Roblox (RBLX.US) rose 10.28% after reporting Q2 revenue of USD 1.08 billion, a 21% year-on-year increase [6] - Meta Platforms (META.US) increased 11.25% after reporting strong Q2 revenue and positive guidance for Q3 [6] - Amazon (AMZN.US) fell over 6% in after-hours trading despite steady growth in AWS [6]

点击蓝字，关注我们 沃尔核材是 高速数据通信 与 可替代能源电力传输 综合解决方案提供商。自1998年成立以来，公司深 耕高分子辐射改性新材料领域，聚焦电子通信和新能源电力赛道，产品广泛应用于 电子材料、通信 线缆、电力、新能源汽车及风力发电 等领域。 沃尔核材成立至今已经构建了从铜芯线到成品铜缆的完整产业链，其 224G PAM4 高速通信线在800G 速率下传输距离突破2.5米。 而备受市场关注的主要原因系沃尔核材通过英伟达GB200认证，并通过 全球第一大高速铜缆生产商安费诺间接向其供货。 行业前景 而在全球高速通信电缆中，又以高速铜缆为主，其目前是算力中心机架内及机架间短距离互连的理想 解决方案，因此在算力中心及AI计算快速增长、AI群集的快速部署的推动下，预期多通道800G、 1600G (1.6T)、3200G (3.2T)及单通道224G、448G高速铜缆的需求将会上升。全球高速铜缆市场预计 将在25-29年达到复合增长率26.9%，从19亿美元增长至49亿美元。 多个领域市占领先 热缩材料领域，2024年以全球收入计，公司在全球热缩材料产业中排名第一，市占20.6%；而以中国 收入计，公司在中 ...

点击蓝字，关注我们 全球最大智能手机芯片制造商高通最新财报显示其智能手机相关业务增长乏力，引发市场对关税可能 冲击该行业的担忧。 截至发稿，高通周三美股盘后跌逾5%。 财报显示，在截至6月29日的第三财季， 高通当季营收同比增长10%至103.7亿美元，不及分析师平均 预期的106.2亿美元; 调整后净利润为26.7亿美元，同比增长25%;调整后每股收益为2.77美元，好于分 析师平均预期的2.72美元。 这份财报进一步加剧了市场对芯片行业复苏前景受威胁的担忧。 近几日，德州仪器(TXN.US)和英特 尔(INYC.US)等芯片制造商都发布了谨慎的业绩展望，引发市场对销售反弹持续性的担忧。 高通表示，预计截至9月的第四财季营收将在103亿至111亿美元之间，而分析师平均预期为106亿美 元。其中，CDMA 技术集团营收预计将达 90亿到96亿美元之间，技术授权集团营收预计将达12.5亿 美元到14.5亿美元之间。 值得一提的是， 高通面临的一大挑战是苹果(AAPL.US)正计划为iPhone自研调制解调器芯片 。 高通 曾告诉投资者，其在iPhone中的芯片最终将被苹果自研产品完全取代。但由于苹果零部件开发进 ...

点击蓝字，关注我们 微软(MSFT.US)2025财年第四季度业绩超市场预期，营收达764.4亿美元(预期738.3亿美元)，同比增长 18% ，创近三年最快增速；每股收益3.65美元(预期3.38美元)。净利润从上年同期的220.4亿美元增至2 72.3亿美元。财报发布后，股价盘后大涨8%，市值逼近4.1万亿美元，成为继英伟达后第二家触及4万 亿美元市值的公司。 Azure 云计算业务在周三又迎来了一个业绩辉煌的季度，其营收远超华尔街预期，同时也展示了其在 大规模人工智能投资方面的丰厚回报。 展望未来，微软预计第一财季的营收将在 747 亿美元至 758 亿美元之间，中间值 752.5 亿美元超过了 740.9 亿美元的预期值。 该公司预计第一财季的预期营业利润率高达 46.6%，高于 StreetAccount 调查 的分析师们所预测的 45.7%的水平。 分析指出， 微软的表现极为出色，实现了强劲的双位数增长，其营收较此前的庞大基数增长了 1 8%，这一增长主要得益于 Azure 业务营收的 39%大幅增长。 运营杠杆效应使得利润率有所提升，这 也是每股收益较一年前增长超过 20%的原因。尽管过去一个季 ...

Group 1 - China Biopharmaceutical (1177.HK) saw a rise of over 3% after announcing a successful licensing agreement with Merck for its PD-1/VEGF dual antibody, expecting a $300 million milestone payment soon [1] - CSPC Pharmaceutical Group (1093.HK) increased by over 5% following the announcement of an exclusive licensing agreement with Madrigal Pharmaceuticals for the global development of its GLP-1 receptor agonist SYH2086 [1] - Youzan (8083.HK) surged over 7% as it projected a revenue of approximately 709 to 719 million RMB for the first half of the year, a year-on-year increase of about 3.3% to 4.8%, and a net profit of 68 to 74 million RMB, marking a turnaround from a loss last year [1] Group 2 - Xingsheng International (6058.HK) rose nearly 18% after the bank announced its commitment to embrace technological transformation and explore stablecoins and AI initiatives [2] - New Oriental Education (9901.HK) fell nearly 4% after reporting a 9.4% year-on-year increase in net revenue to $1.243 billion for the fourth quarter of fiscal year 2025, but a 73.7% drop in net profit [2] - Kingdee International (0268.HK) saw a rise of over 7% as it announced a board meeting to review its interim results and potential dividend distribution [2] Group 3 - Macau gaming stocks rose, with MGM China (2282.HK) up over 4% after Macquarie raised its forecast for Macau's total gaming revenue for 2025 by 5% to 235.7 billion RMB, indicating a year-on-year growth of 4% [3] - Gold stocks in Hong Kong continued to decline, with Tongguan Gold (0340.HK) dropping over 9% for six consecutive days, as spot gold prices fell below $3,270 per ounce [4] - Kangfang Biopharma (9926.HK) rose nearly 5% after announcing the completion of the first patient dosing in a pivotal clinical trial for its PD-1/VEGF dual-specific antibody [4] Group 4 - Weishi Jiajie (0856.HK) increased by over 3% as a report indicated that its Southeast Asia business is expected to see a significant revenue increase of 74% in 2024, with net profit contributing about 51% [5] Group 5 - Meta (META.US) exceeded revenue expectations and provided strong guidance for the current quarter, leading to an after-hours increase of over 11% [6] - Microsoft (MSFT.US) reported an 18% year-on-year growth in revenue, driven by its cloud business, with Azure revenue up 34% for the full year, resulting in an after-hours increase of over 8% [6] - Wingstop (WING.US) surged by 26.85% after reporting adjusted earnings per share of $1.00 for the second quarter, exceeding analyst expectations [6] Group 6 - Several biopharmaceutical stocks surged, with Replimune (REPL.US) up 101.33% following news of regulatory changes at the FDA that may ease pressure on gene therapy and vaccine companies [7] - Marvell Technology (MRVL.US) rose 7.07% after announcing a partnership with Rebellions to provide AI systems for regional projects in Asia-Pacific and the Middle East [7] - Palo Alto Networks (PANW.US) fell 5.58% after agreeing to acquire CyberArk Software for approximately $25 billion [8]

Group 1: Company Performance - Huaneng International (0902.HK) reported a revenue of approximately 1120.32 billion yuan, a year-on-year decrease of 5.7%, while net profit attributable to shareholders was about 92.62 billion yuan, an increase of 24.26% [1][2] - ZTO Express (2057.HK) saw a nearly 4% increase following a meeting by the State Post Bureau addressing issues in the express delivery industry, aiming for high-quality development [1] - Standard Chartered Group (2888.HK) rose over 3% after signing a strategic cooperation memorandum with Alibaba to enhance the integration of financial services and AI technology [1] Group 2: Industry Trends - Oil stocks in Hong Kong collectively rose, with China Petroleum (0857.HK) up 2% and Sinopec (0386.HK) and CNOOC (0883.HK) both rising over 1%, driven by Trump's comments on potential sanctions against Russian oil buyers, leading to a spike in oil prices [2] - Steel stocks saw significant gains, with China Oriental Group (0581.HK) up 10%, supported by expectations of policy changes aimed at reducing "involution" in the industry, which may enhance valuations [3] - The three-child policy concept stocks rebounded, with H&H International (1112.HK) rising 4.28% after the announcement of a new childcare subsidy program [3] Group 3: Market Reactions - CRO concept stocks strengthened, with Fangda Holdings (1521.HK) increasing by 14.49%, indicating positive market sentiment towards the sector [4] - Fosun Pharma (2196.HK) rose over 4% after signing a licensing agreement for a drug aimed at Alzheimer's and other neurological diseases [5] Group 4: US Market Highlights - Kyndryl Holdings (CDNS.US) increased by 9.74% after reporting a second-quarter non-GAAP net income of $1.65 per share, exceeding analyst expectations [6] - Charter Industries (GTLS.US) surged 15.82% following a strong earnings report, with adjusted earnings per share of $2.59 [6] - PayPal (PYPL.US) fell by 8.66% despite raising its 2025 earnings forecast, indicating mixed market reactions to its brand upgrade strategy [6]

点击蓝字，关注我们 美银预计，Meta将在7月30日公布的二季度财报中实现营收455亿美元、每股收益6.12美元，双双高 于市场一致预期的445.89亿美元和5.84美元，并给出三季度指引区间445亿—475亿美元，暗示全年 营收可达1900亿美元，显著高于市场预期的1871亿美元。 美银预计，新的折旧税改可为2025年自由现金流带来45亿美元增量，部分对冲资本支出上升压力。 用户与参与度：Instagram继续领跑 Sensor Tower数据显示，二季度Instagram全球日活用户(DAU)同比增4%至约3.45亿，国际用户日均 使用时长增3%至72分钟，美国用户增11%至51分钟;Facebook全球DAU则同比微降0.1%，美国DAU 降2%，国际日均使用时长降至46分钟。 美银全球研究部在7月25日发布的Meta Platforms(META.US)二季度前瞻报告中，重申"买入"评级， 目标价775美元，较当前股价约714.80美元仍有8.4%的上行空间。 广告引擎再显威力，AI投入成焦点 美银指出，二季度广告收入有望同比增长16%至445.33亿美元，主要受益于AI驱动的广告个性化 (Andro ...

"双方充分认识到维护一个稳定健康的中美经贸关系的重要性。"李成钢说，会谈中，中美双方就彼 此的宏观经济政策进行了全面深入交流，回顾了日内瓦经贸会谈共识和伦敦框架落实情况，并给予 充分肯定。 "中美双方经贸团队将继续保持密切沟通，就经贸议题及时交流，继续推动双边经贸关系稳定健康发 展。"李成钢说。 点击蓝字，关注我们 新华社斯德哥尔摩7月29日电(记者谢希瑶 朱昊晨)中国商务部国际贸易谈判代表兼副部长李成钢29 日晚在瑞典斯德哥尔摩说，根据中美新一轮经贸会谈共识， 双方将继续推动已暂停的美方对等关税 24%部分以及中方反制措施如期展期。 当地时间7月28日至29日，中美双方经贸团队在斯德哥尔摩举行新一轮经贸会谈。李成钢在会谈结 束后对媒体表示，在过去一天半时间里，中美双方贯彻落实两国元首6月5日通话重要共识，充分发 挥中美经贸磋商机制作用，就彼此关切的重要经贸议题进行了坦诚、深入、富有建设性的交流。 ...