Market Overview - A-shares rebounded with humanoid robots, computing power, and new energy sectors leading the recovery [1] - Major financial sectors, including brokerage and internet finance, showed significant activity, contributing to the index's gains [1] - The Shanghai Composite Index rose by 0.47%, the Shenzhen Component Index increased by 1.19%, and the ChiNext Index climbed by 2.14% [3] Liquid Cooling Server Sector - The liquid cooling server sector experienced a substantial increase, with stocks like Chuanhuan Technology and Jintian Co. hitting the daily limit [5] - The market is witnessing a shift in perception regarding liquid cooling technology, driven by three main factors: increased power consumption, diverse cluster initiation, and accelerated deployment progress [6][7] - According to estimates, the liquid cooling market is projected to grow significantly, reaching approximately 35.4 billion yuan in 2025, 71.6 billion yuan in 2026, and 108.2 billion yuan in 2027, with a potential to exceed 100 billion yuan by 2027 [7] Solid-State Battery Sector - The solid-state battery sector saw a rise, with companies like Jiurong New Materials and Copper Crown Copper Foil experiencing significant stock increases [10] - Companies are making progress in the solid-state battery field, with Guoxuan High-Tech reporting a 90% yield rate for its solid-state battery pilot line and initiating the design of a 2GWh production line [12] - The solid-state battery production process is expected to benefit equipment manufacturers, as the transition from traditional lithium-ion battery production to solid-state technology alters the value dynamics of equipment used [12]

Market Overview - The A-share market rebounded today, with humanoid robots, computing power, and new energy sectors being the main drivers of the recovery [1] - By the close of the morning session, major financial sectors, including brokerage and internet finance, showed significant activity, leading to an expansion in index gains [1] - The Shanghai Composite Index rose by 0.47%, the Shenzhen Component Index increased by 1.19%, and the ChiNext Index climbed by 2.14% [3] Sector Performance - The liquid cooling server sector experienced a strong rally, with stocks such as Chuanhuan Technology and Jintian Co. hitting the daily limit [5] - The liquid cooling server market is projected to grow significantly, with estimates suggesting a market size of approximately 354 billion yuan in 2025, 716 billion yuan in 2026, and 1,082 billion yuan in 2027 [8] - The solid-state battery sector also saw gains, with companies like Guoxuan High-Tech reporting advancements in their production capabilities [10][12] Investment Insights - The liquid cooling technology is gaining traction due to increasing power consumption demands and the diversification of clusters initiated by major tech companies like Nvidia, Meta, Google, and Amazon [8] - The domestic liquid cooling enterprises are expected to excel in international markets due to their comprehensive capabilities in technology, product quality, cost, and service [9] - The solid-state battery industry is witnessing accelerated industrialization, with significant attention on equipment investments that are crucial for production processes [12]

Core Viewpoint - *ST Baoshi (000595.SZ) announced a plan for the transfer of shares from its controlling shareholder Ning Guoyun to the State Power Investment Corporation, aimed at optimizing resource allocation and advancing the new energy system construction [1] Group 1 - The share transfer involves 206,896,551 A-shares, representing 18.17% of the total share capital of Baota Industrial [1] - The share transfer is still pending approval and has not yet completed all decision-making procedures or signed relevant agreements [1] - If approved, the direct controlling shareholder will change from Ning Guoyun to the State Power Investment Corporation, but the actual controller will remain the Ningxia Hui Autonomous Region People's Government [1]

Core Viewpoint - Company *ST Baoshi (000595.SZ) announced plans for significant investments in multiple energy storage projects through its subsidiaries, indicating a strategic focus on expanding its renewable energy capabilities [1] Group 1: Investment Projects - The subsidiary Ningguo Yunzhongwei New Energy Co., Ltd. plans to invest in the Ningguo Yunzhongwei New Energy Co., Ltd. Ying Shui Qiao 80MW/160MWh energy storage project with a total investment of approximately RMB 145.23 million [1] - The subsidiary Ningguo Yun New Energy (Lingwu) Co., Ltd. intends to invest in the Lingwu Majia Tan 240MW/480MWh energy storage project with a total investment of approximately RMB 372.98 million [1] - The subsidiary Ningguo Yun New Energy (Yanchi) Co., Ltd. is set to invest in the Yanchi Gao Sha Wo 320MW/640MWh energy storage project with a total investment of approximately RMB 492.33 million [1]

Core Viewpoint - The announcement by Qidi Pharmaceutical indicates a significant change in its shareholding structure, with Hunan Sailuxian acquiring a substantial stake, leading to a shift in control of the company [1][2]. Group 1: Shareholding Changes - Qidi Pharmaceutical announced that Hunan Sailuxian will acquire 58.607 million shares from Qidi Technology Service Co., resulting in a decrease of Qidi Technology's holdings from 63.151 million shares to 4.544 million shares, reducing its ownership percentage from 26.37% to 1.90% [1][3]. - Following this transaction, Hunan Sailuxian will hold 24.47% of Qidi Pharmaceutical's shares, making it the largest shareholder, surpassing Qidi Technology Service [2][5]. Group 2: Financial Details - The shares were sold at an average price of 17.19 yuan per share, totaling approximately 1.007 billion yuan for the transaction [5]. - As of August 8, Qidi Pharmaceutical's market capitalization was approximately 2.85 billion yuan, with a closing price of 11.90 yuan per share [6]. Group 3: Company Background - Qidi Pharmaceutical, established in 1956, is recognized as Hunan Province's first pharmaceutical listed company and has notable brands such as "Guhan" [5].

Core Insights - The article highlights significant declines in the prices of certain Chinese offshore bonds, particularly those issued by Sunac China Holdings, which saw a daily drop of 36.52% for its USD bond [2][4] Group 1: Bond Performance - The largest decline in the day was observed in the bond SUNSHI 7.5% 4/15/24 issued by Sunac China Holdings, which fell to a price of 0.18 [2] - Other notable bonds include SUNSHI 10.25% 9/15/22, which decreased to 0.19, and JOYY 1.375% 6/15/26, which is priced at 69.63 [4] - The bond prices of several other companies, such as China Aoyuan Group and Shimao Group, also reflect varying levels of performance, with Shimao's bonds priced at 4.24 [4] Group 2: Market Context - The data is sourced from the China Economic Society's enterprise foreign debt risk monitoring system, indicating a broader trend in the offshore bond market [2][4] - The report is updated as of 2025, suggesting ongoing monitoring of these financial instruments [2][4]

FF301 第 1 頁 共 10 頁 v 1.1.1 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年7月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 天譽置業(控股)有限公司 呈交日期: 2025年8月4日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 00059 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 90,000,000,000 | HKD | 0.003333333333 | HKD | | 300,000,000 | | 增加 / 減少 (-) | | | | | | HKD | | | | 本月底結存 | | | 90,000,000,000 | HKD | 0.003333333333 ...

格隆汇7月29日丨*ST宝实(000595.SZ)公布，公司董事会于2025年7月28日收到杜志学先生、包小俊先 生、哈晓天先生的书面辞职报告。杜志学先生因工作原因申请辞去公司第十届董事会董事、董事长及战 略委员会、提名委员会召集人职务；包小俊先生、哈晓天先生因工作原因申请辞去第十届董事会董事职 务。辞去上述职务后，杜志学先生、包小俊先生、哈晓天先生将不再担任公司任何职务。 公司于2025年7月28日召开第十届董事会第二十二次会议，审议通过了《关于选举公司董事长的议 案》，董事会同意选举董事张怀畅先生担任公司第十届董事会董事长，任期自本次董事会审议通过之日 起至公司第十届董事会任期届满之日止。 ...

格隆汇7月29日丨*ST宝实(000595.SZ)公布，因公司重大资产置换及支付现金购买资产暨关联交易事项 (以下简称"本次重组")已经公司股东会审议通过并已完成置入资产交割。通过本次重组，公司实现由轴 承业务到新能源发电业务的产业转型。为进一步加强公司品牌知名度与市场影响力，进而更好地推动公 司在资本市场的持续、稳健和高质量发展，拟对公司名称、经营范围进行变更。其中，公司名称拟变更 为宁夏国运新能源股份有限公司。 ...

Core Viewpoint - Tianyu Properties (00059.HK) has postponed its liquidation petition hearing, which is now scheduled for October 9, 2025, in the Bermuda Supreme Court Commercial Court [1] Company Summary - The hearing for the liquidation petition of Tianyu Properties has been delayed, indicating ongoing legal proceedings and potential implications for the company's financial status [1]