Core Viewpoint - The defense and military industry sector is experiencing a surge in interest and investment ahead of the upcoming military parade on September 3, with significant capital inflow and stock price increases observed [1] Group 1: Market Performance - On August 6, the defense and military sector led the market, with over 8 billion yuan of main capital inflow within the first 50 minutes of trading [1] - The defense military ETF (512810) rose over 2%, reaching its highest price since March 3, 2022 [1] - Key stocks such as Longcheng Military Industry saw a five-day streak of gains, while China Shipbuilding and China Heavy Industry both increased by over 6% [1] Group 2: Corporate Developments - China Shipbuilding plans to merge with China Heavy Industry through a share exchange, with stocks set to be suspended from trading starting August 13, 2025 [1] - Both companies have announced that they will resume trading on the day the results of dissenting shareholders' acquisition requests are published [1] Group 3: Financing Trends - Recent data indicates a rapid increase in financing for the defense military ETF (512810), with a record high financing balance of 29.88 million yuan reached on August 5 [1] - Since July 28, the financing balance has surged, with an additional 12.21 million yuan in financing purchases recorded on August 5 [1] Group 4: Historical Trends - Over the past 15 years (2010 to 2024), the probability of the defense military sector rising in August has significantly exceeded that of the Shanghai Composite Index [1] - Shenyin Wanguo Securities has suggested focusing on potential opportunities in the defense military sector ahead of the September 3 parade [1]

船舶板块走强，国瑞科技20%涨停，中国船舶、中科海讯涨超8%，中国重工、中船防务涨超5%。 ...

军工概念股走强，中国船舶涨超8%，中国重工涨超7%，中航西飞涨超2%。 受盘面影响，军工相关ETF涨超2%。 | 代码 | 名称 | 现价 | 涨跌 涨跌幅▼ | | | --- | --- | --- | --- | --- | | 512680 | 军工ETF龙头 | 1.265 | 0.030 | 2.43% | | 512660 | 军工ETF | 1.233 | 0.028 2.32% | | | 512560 | 军工ETF易方达 | 0.755 | 0.016 | 2.17% | | 512810 | 国防军工ETF | 0.712 | 0.014 2.01% | | 有券商表示，展望2025年，军工行业订单有望迎来拐点，在服务于提升装备性能或降低装备成本的新技术，以新域新质作战 力量为代表的新产品，军贸和军用技术转化带来的新市场等方向或蕴含更大弹性。 （文章来源：每日经济新闻） ...

九三大阅兵临近，国防军工板块热度持续攀升。8月6日早盘，国防军工再度领跑全市场，开盘20分钟逾 50亿元主力资金涌入！ 代码有"八一"的国防军工ETF（512810）快速冲高1．72%，场内最高价创2022年3月3日以来新高！成 份股长城军工晋级5天4板，股价续创历史新高；中国船舶、中国重工携手涨超%。 据统计，过去15年间（2010年至2024年），8月份国防军工板块上涨概率大幅超越上证指数。申万宏源 证券亦提示，9月3日阅兵前，建议关注国防军工的脉冲机会。 【投国防军工，选"512八一0"】 代码含"八一"的国防军工ETF（512810）：兼顾传统主战力量+新域新质力量，覆盖"商业航天 + 低空 经济 + 大飞机 + 深海科技 + 军用AI + 可控核聚变"等诸多热门题材，同时是融资融券标的+互联互通标 的。 值得一提的是，国防军工ETF于6月份实施了份额拆分，投资门槛直降一半，当前仅需不到70元（一手 价格），就能一键配置国防军工核心资产。 数据来源于沪深交易所、公开资料等。 风险提示：国防军工ETF被动跟踪中证军工指数，该指数基日为2004.12.31，发布于2013.12.26。以上个 股均为标的指 ...

8月6日，A股早盘红盘震荡，截至9:40，沪指涨0.04%，深成指涨0.12%，创业板指涨0.13%。 盘面上，军工板块延续强势，长城军工、国机精工3连板，股价均再创历史新高;液冷服务器概念继续走 强，日海智能2连板;婴童、教育板块活跃，倍加洁5连板;创新药概念反弹，热景生物创历史新高。下跌 方面，影视、物流、大消费、地产等板块跌幅居前。 焦点个股方面，上纬新材一度大跌18%，公司此前17个交易日累计大涨1320%。昨日晚间，上交所发布 情况通报，指出部分投资者在交易上纬新材股票过程中存在影响市场正常交易秩序、误导投资者正常交 易决策的异常交易行为，上交所依规对相关投资者采取了暂停账户交易的自律监管措施。 液冷服务器概念继续走强，日海智能2连板，飞龙股份涨停，科创新源、川环科技、中石科技、淳中科 技等跟涨。 点评：消息上，七部门日前联合发布《关于金融支持新型工业化的指导意见》，加强对5G、工业互联 网、数据和算力中心等数字基础设施建设的中长期贷款支持。根据IDC(国际数据公司)发布的数据，预 计2025年至2029年，中国液冷服务器市场年复合增长率将达到约48%，2028年市场规模将达到约162亿 美元。 2 ...

（文章来源：每日经济新闻） 每经AI快讯，8月6日，中船系板块早盘拉升，中船特气涨超10%，中国船舶、中国重工、中船防务、中 船科技跟涨。 ...

中船系板块早盘拉升，中船特气涨超10%，中国船舶、中国重工、中船防务、中船科技跟涨。 ...

Group 1: Special Bonds and Infrastructure Investment - In July, the issuance of new special bonds reached a record high of 616.936 billion yuan, increasing by 89.842 billion yuan from the previous month [2] - The cumulative issuance progress of new special bonds as of the end of June was 49%, significantly lower than the average level of 63.2% for the same period from 2022 to 2024 [2] - The main direction of special bond funding is expected to shift towards infrastructure and real estate, with a notable project being the 1.2 trillion yuan Yarlung Tsangpo River downstream hydropower project [2] Group 2: Real Estate Market Trends - Shenzhen's second-hand housing market showed signs of recovery, with a 5.2% increase in recorded transactions and a 17% rise in store signing volume [3] - The average listing price for second-hand homes in Shenzhen rose by 0.2% to 62,706 yuan per square meter in July [3] - The overall real estate market remains in a state of fluctuation, with a need for more policy stimulus to stabilize prices [4] Group 3: Hema's Business Adjustments - Hema X membership stores will cease operations, with the last store closing on August 31, indicating a strategic shift to focus on Hema Fresh and Hema NB [5][6] - Hema's overall GMV is projected to exceed 75 billion yuan in the 2025 fiscal year, with plans to open nearly 100 new stores [5] - The membership store model faced challenges due to lack of differentiation and competition with established brands like Sam's Club [6] Group 4: Mergers and Acquisitions in the Shipbuilding Industry - China Shipbuilding intends to absorb and merge with China Shipbuilding Heavy Industry, marking the largest merger in A-share history [7] - Post-merger, China Shipbuilding's total assets are expected to exceed 400 billion yuan, with revenues surpassing 130 billion yuan [7] - The merger is part of a broader trend of state-owned enterprise consolidation in sectors with overlapping businesses [8] Group 5: Nio's Restructuring Efforts - Nio is seeking restructuring investors, with 56 potential investors showing interest after filing for bankruptcy [9] - The company has reported significant losses over the past few years, highlighting its reliance on low-price competition [9] - Despite challenges, Nio's production base and core personnel remain valuable assets for potential investors [10] Group 6: A-share Market Developments - In July, A-share new accounts increased by 70.5% year-on-year, with a total of 1.9636 million new accounts opened [13] - The A-share market experienced significant gains, with major indices showing upward trends, including a 3.74% increase in the Shanghai Composite Index [13] - The current market environment is characterized by a lack of substantial participation from external funds, leading to a different dynamic compared to previous bull markets [14]

Core Viewpoint - The merger between China Shipbuilding and China State Shipbuilding has received official approval from the China Securities Regulatory Commission, marking a significant step in the restructuring of China's shipbuilding industry [2][5]. Group 1: Merger Details - The merger involves a share swap where China Shipbuilding will absorb China State Shipbuilding, leading to the latter's delisting [2]. - The stock of both companies will be suspended from trading starting August 13, with no specified date for resumption [2][4]. - Dissenting shareholders have the option to cash out at prices of 30.01 yuan per share for China Shipbuilding and 4.03 yuan per share for China State Shipbuilding, with total values of 5.56 billion yuan and 13.02 billion yuan respectively [5]. Group 2: Financial and Operational Impact - The combined total assets of the two companies will exceed 400 billion yuan by the end of 2024, surpassing the 300 billion yuan asset scale of the previous "South-North Train" merger [7]. - In 2024, China Shipbuilding and China State Shipbuilding are projected to achieve revenues of 78.58 billion yuan and 55.44 billion yuan, respectively, with combined annual revenues exceeding 100 billion yuan [7]. - The order backlog includes 322 vessels for China Shipbuilding valued at 216.96 billion yuan and 216 vessels for China State Shipbuilding valued at 233.77 billion yuan, totaling 15% of the global order backlog [8]. Group 3: Market Context and Future Outlook - The merger is seen as a response to the ongoing consolidation trend in the state-owned enterprise sector, with a streamlined approval process taking only 71 days [8]. - The merger is expected to enhance resource synergy, improve bargaining power, and facilitate the integration of green ship technology and military-civilian fusion experiences [7][11]. - Analysts predict that the Chinese shipbuilding industry will remain busy due to a long-term supply-demand imbalance, benefiting from a new cycle of demand in the global shipbuilding market [11].

"两船合并"再迎新进展。 8月4日晚间，中国重工（601989）（601989.SH）、中国船舶（600150）（600150.SH）同步发布公 告，为推进吸收合并事项，拟开展异议股东现金选择权有关事宜，并披露异议股东行权价格。中国船 舶、中国重工股票将在8月13日停牌，其中中国重工将停牌直至终止上市。 中国船舶拟通过向中国重工全体换股股东发行A股股票的方式，换股吸收合并中国重工，中国船舶为吸 收合并方，中国重工为被吸收合并方。这一交易已于7月18日取得证监会出具的同意注册批复。这也标 志着A股史上规模最大的吸收合并案正式落地。根据2024年度财务数据估算，合并后的中国船舶总资产 将突破4000亿元，营业收入超1300亿元，手持订单规模跃居全球首位，成为全球最大的船舶上市公司。 合并后的中国船舶，将原本分散于两个上市公司的资产、订单、技术力量等资源汇聚至一个更为强大 的"资本容器"。市场分析认为，这场A股史上规模最大的吸收合并案，正重塑全球造船业的竞争格局。 千亿级整合进入倒计时 作为中国船舶集团核心军民品主业上市公司，中国船舶主营业务涵盖造船、修船、海洋工程及机电设备 等领域，旗下拥有江南造船、外高桥（60 ...