Market Overview - The Shanghai Composite Index fell by 1.18% to close at 3573.21 points, with a daily high of 3606.37 points [1] - The Shenzhen Component Index decreased by 1.73% to 11009.77 points, reaching a maximum of 11223.64 points [1] - The ChiNext Index dropped by 1.66% to 2328.31 points, with a peak of 2394.22 points [1] Margin Trading and Securities Lending - The total margin trading and securities lending balance in the Shanghai and Shenzhen markets was 19784.97 billion yuan, with a financing balance of 19646.98 billion yuan and a securities lending balance of 137.99 billion yuan [2] - The margin trading and securities lending balance increased by 0.9 billion yuan compared to the previous trading day [2] - The Shanghai market's margin trading balance was 10106.42 billion yuan, decreasing by 5.54 billion yuan from the previous day, while the Shenzhen market's balance was 9678.55 billion yuan, increasing by 6.45 billion yuan [2] Top Margin Buying Stocks - The top three stocks by margin buying amount were: - Xinyi Technology (300502.SZ) with 23.63 billion yuan - Zhongji Xuchuang (300308.SZ) with 20.8 billion yuan - Shenghong Technology (300476.SZ) with 17.1 billion yuan [3] Fund Issuance - Two new funds were launched: Huafu Medical Innovation Mixed Initiation A and Huafu Medical Innovation Mixed Initiation C [4] Top Net Buying by Brokerage Firms - The top ten net buying amounts by brokerage firms were: - Nord Shares (600110.SH) with 422.75 million yuan - Great Wall Military Industry (601606.SH) with 385.34 million yuan - Yidian Tianxia (301171.SZ) with 375.30 million yuan [6][7]

Core Viewpoint - The article highlights the top ten stocks with the highest net financing purchases on July 31, indicating strong investor interest in these companies [1] Group 1: Top Stocks - Kweichow Moutai leads with a net purchase of 631 million yuan [1] - Contemporary Amperex Technology Co., Ltd. follows with 408 million yuan [1] - Three Gorges Power ranks third with 388 million yuan [1] - Shenghong Technology has a net purchase of 334 million yuan [1] - WuXi AppTec reports a net purchase of 290 million yuan [1] - Cambricon Technologies sees 284 million yuan in net purchases [1] - Midea Group has a net purchase of 279 million yuan [1] - Jianghuai Automobile reports 241 million yuan in net purchases [1] - XD Industrial Fortune has a net purchase of 222 million yuan [1] - New China Life Insurance rounds out the list with 211 million yuan [1]

Group 1 - The U.S. government has implemented "reciprocal tariffs" ranging from 10% to 41% on multiple countries, as signed by President Trump [2] - The tariff rate on Canada has been increased from 25% to 35%, effective August 1 [3] - The U.S. has suspended the tax exemption policy for small packages, affecting many shipments from China [4][5] Group 2 - Myanmar has announced the formation of a new federal government and the lifting of the national state of emergency starting August 1 [6] - The Chinese Ministry of Foreign Affairs has advised citizens to exercise caution when traveling to Japan [7] - The Chinese Ministry of Commerce stated it will review and regulate the sale of port assets by CK Hutchison Holdings to ensure fair market competition [8] Group 3 - The manufacturing PMI in China has decreased to 49.3 in July, indicating a slight contraction in the manufacturing sector [10] - The National Development and Reform Commission emphasized the importance of high-quality urban renewal and the integration of rural populations into urban areas [11] Group 4 - The National Health Commission has released a new treatment plan for Chikungunya fever, updating guidelines based on recent research [12] - The National Medical Insurance Administration supports the clinical application and pricing of new technologies, including brain-computer interfaces [13] Group 5 - Beijing has reported 44 deaths and 9 missing persons due to severe flooding from July 23 to 29 [14] - Beijing has introduced 15 measures to improve the birth support policy system [15] Group 6 - The Hong Kong government has revised the eligibility criteria for government-funded higher education, requiring children of talent visa holders to reside in Hong Kong for two years [16] - The United Nations has issued a declaration regarding the implementation of the "two-state solution" for the Palestinian issue [17] Group 7 - Elon Musk has donated $10 million to Republican political action committees, despite previous tensions with Trump [20] - New Zealand has lifted the ban on offshore oil and gas exploration, aiming to enhance gas supply and alleviate energy costs [21] Group 8 - The U.S. stock market experienced a decline, with all three major indices closing lower on July 31 [26] - Institutional investors sold 18 stocks while buying into Industrial Fulian with a net purchase of 1.498 billion yuan [27][28]

Key Points - Tibet Tourism may apply for suspension of trading if significant abnormalities occur in stock transactions [1] - Southern Road Machinery's stock price has deviated from its fundamental situation [1] - Industrial Fulian's major customers and products have not undergone significant changes [1] - Yingweike has established a relatively complete liquid cooling technology and product solution capability [1] - Victory Energy's operational situation remains normal with no significant changes in the internal and external business environment [1] - Qizheng Tibetan Medicine's operational situation is normal with no significant changes in the internal and external business environment [1] - Dongxin Co. states that its investment in Shanghai Lishuan's chip products is not applicable for large model computing clusters [1] - Guosheng Co. has obtained project filing related to PEEK from its wholly-owned subsidiary [1] - Action Education's actual controller proposed a mid-term dividend of 10 yuan per 10 shares [1] Mergers and Acquisitions - Darui Electronics plans to acquire 80% of Weiste's equity through capital increase and share acquisition [1] - Dashengda intends to acquire 30% equity of Thailand's Far East [1] Financing - Aoshikang plans to issue convertible bonds not exceeding 1 billion yuan for high-end printed circuit board projects [1] - Sixuan New Materials intends to raise no more than 466 million yuan through a private placement [1] - Changhua Chemical plans to raise no more than 230 million yuan for a carbon dioxide polyether project [1] Share Buybacks and Reductions - Fuanna plans to repurchase shares worth between 55.85 million and 104 million yuan [1] - Jiangnan Yifan's board member intends to increase his stake in the company [1] - Jieya Co. and its concerted parties plan to reduce their holdings by no more than 4.95% [1] - Other companies including Tongda Co., Haohan Deep, and Wanhu Chemical also plan to reduce their holdings [1] Operational Data - Sinopec expects a net profit decline of 39.5% to 43.7% year-on-year for the first half of the year [1] - Qingdao Bank reported a net profit of 3.065 billion yuan for the first half, up 16.05% year-on-year [1] - Daodaquan's net profit increased by 563.15% year-on-year, proposing a dividend of 1.76 yuan per 10 shares [1] - Zhengdan Co. reported a net profit increase of 120.35% year-on-year, proposing a dividend of 3 yuan per 10 shares [1] - Other companies reported varying profit changes, including losses and significant increases [1] Contracts and Major Investments - Sanhui Electric signed a framework contract for robot equipment sales [1] - Zhejiang University Network New's subsidiary won a smart engineering project worth 94.2712 million yuan [1] - New Aluminum Times plans to invest no less than 500 million yuan in a project for lightweight, high-strength auto parts [1] - Zhishang Technology will use part of its raised funds for a smart manufacturing production base in Vietnam [1]

Group 1: Market Overview - The A-share market experienced a high-level correction, with resource cyclical stocks significantly adjusting, causing the Shanghai Composite Index to fall below 3600 points, closing at 3573.21, down 1.18% [2] - The Shenzhen Component Index closed at 11009.77, down 1.73%, and the ChiNext Index closed at 2328.31, down 1.66% [2] - The total trading volume of the Shanghai and Shenzhen markets reached 19.36 billion yuan, an increase of over 900 million yuan compared to the previous day [2] Group 2: AI Sector Performance - AI-related hardware and software sectors showed strong performance, with liquid cooling server stocks such as Sihuan New Materials, Invech, and Chunz中科技 hitting the daily limit [3] - Industrial Fulian, a leading AI server company, reached a historical high with a closing increase of 6.04%, bringing its market value close to 700 billion yuan [3] - Nvidia's stock rose over 2% to a new historical high, with a year-to-date increase of over 30%, while Meta's post-market trading saw an increase of over 11% with Q2 revenue of $47.52 billion, up 22% year-on-year [3] Group 3: Resource Sector Decline - Resource cyclical stocks collectively retreated, with the steel sector dropping 4.08%, leading all industries, while non-ferrous metals and coal sectors fell by 3.19% and 2.72%, respectively [4] - In the futures market, several previously popular commodities saw price declines, with the main contract for coking coal dropping by 8% and glass and polysilicon contracts falling over 8% and 7%, respectively [5] Group 4: Market Outlook - The Shanghai Composite Index's decline of 1.18% on the last trading day of July marked the first single-day drop exceeding 1% since the beginning of the second half of the year [6] - Some institutions believe the market is expected to solidify a mid-term positive foundation, with semi-annual performance being a crucial evaluation window [6] - The overall risk appetite in the market is currently high, with a focus on growth technology sectors as the primary offensive direction, alongside opportunities in sectors with strong performance support or exceeding semi-annual expectations [6]

Macro Dynamics - The State Administration for Market Regulation will convert the pilot commission into a formal commission for conducting antitrust reviews of certain operator concentrations from August 1, 2025, after a successful pilot period from August 1, 2022, to July 31, 2025 [1] Financial Institutions - Zheng Yu has officially taken on the roles of Party Secretary, Chairman, and General Manager of Wukuang Securities, having previously served in various positions within the company [5] - Qingdao Bank reported a net profit of 3.065 billion yuan for the first half of 2025, representing a year-on-year increase of 16.05%, with total operating income of 7.662 billion yuan, up 7.5% [6] Market Data - On July 31, the three major indices fell by over 1%, with the Shanghai Composite Index down 1.18%, the Shenzhen Component Index down 1.73%, and the ChiNext Index down 1.66%. The total market turnover approached 2 trillion yuan, with over 4,200 stocks declining [7] - The financing balance of the two markets increased by 2.168 billion yuan, with the Shanghai Stock Exchange's balance at 1,001.228 billion yuan and the Shenzhen Stock Exchange's balance at 963.026 billion yuan [9] Company Dynamics - Industrial Fulian announced that there have been no significant changes in its main customers and products amid recent stock price fluctuations [13] - Sinopec expects a net profit of 20.1 billion to 21.6 billion yuan for the first half of 2025, a decrease of 39.5% to 43.7% year-on-year, due to factors such as a significant drop in international oil prices and intense market competition [14] - Heng Rui Medicine received approval for clinical trials of HRS-5041, a new drug for prostate cancer treatment, which shows potential in overcoming resistance compared to second-generation AR inhibitors [16]

Core Viewpoint - Industrial Fulian (601138.SH) experienced a significant increase in stock price, closing at 34.61 yuan with a rise of 6.04% on July 31 [1]. Trading Activity - The stock has shown a cumulative price deviation of 20% over three consecutive trading days, attracting substantial institutional interest [1]. - The net buying amount by institutional seats over the three days reached 149,835.77 million yuan [1][2]. Institutional Participation - The top five buyers included two institutional special seats, indicating strong institutional support for the stock [1]. - The largest buying entity was the Shanghai Stock Connect special seat, accounting for 39.89% of the total transactions, with a buying amount of 167,474.92 million yuan [3]. - Other notable institutional buyers included two separate institutional special seats, with buying amounts of 104,523.06 million yuan and 45,312.71 million yuan respectively [3].

Group 1: Market Performance - Major indices declined on July 31, with the Shanghai Composite Index down 1.18%, Shenzhen Component down 1.73%, ChiNext down 1.66%, and the STAR Market down 1.01%. Over 1,000 stocks rose in the two markets, with a total trading volume of approximately 1.94 trillion yuan [2] - The AI sector showed strong performance, with stocks like Kexin New Energy (300731.SZ) rising 12.82%, and Industrial Fulian (601138.SH) and Youke De (688158.SH) both increasing over 6% [2] Group 2: AI Industry Growth - According to CCID Consulting, China's AI industry is expected to experience explosive growth this year, leading the global market. The industry is projected to grow from 398.5 billion yuan in 2025 to 1,729.5 billion yuan by 2035 [2] Group 3: Assisted Reproductive Technology Stocks - Stocks related to assisted reproduction surged, with Anke Bio (300009.SZ) and Gongtong Pharmaceutical (300966.SZ) both rising 20%, and Guangshengtang (300436.SZ) increasing over 18% [3] - The Ministry of Finance announced a budget of 90 billion yuan for a new "child-rearing subsidy fund" as part of a broader initiative to support fertility policies [3] Group 4: Innovative Pharmaceuticals - Innovative drug stocks also performed well, with Zhendong Pharmaceutical (300158.SZ) rising over 16% and Shutaishen (300204.SZ) increasing over 10% [3] - According to Industrial Securities, China's innovative drug industry is transitioning to a leading position, with significant opportunities expected in 2025 as many products are projected to exceed 3 to 5 billion USD in peak sales [3] Group 5: Declining Sectors - The anti-involution sector saw significant declines, with steel, coal, and photovoltaic sectors being heavily impacted. Stocks like Baogang Co. (600010.SH) and Anyang Steel (600569.SH) fell over 7% [4] - Other sectors such as real estate, securities, liquor, film, and precious metals also showed weakness, with stocks like Happiness Blue Ocean (300528.SZ) dropping over 8% [4]

重要内容提示： 富士康工业互联网股份有限公司（以下简称"公司"）股票于 2025 年 7 月 29 日、2025 年 7 月 30 日、2025 年 7 月 31 日连续 3 个交易日收盘价格涨幅偏 离值累计超过 20%，属于股票交易异常波动。 经过公司自查，并书面征询控股股东，截至本公告披露日，不存在应披 露而未披露的重大信息。 公司生产经营未发生重大变化，敬请广大投资者注意投资风险，理性投 资。 证券代码：601138 证券简称：工业富联 公告编号：临 2025-057 号 富士康工业互联网股份有限公司 股票交易异常波动公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或 者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 经公司自查，并向公司控股股东书面征询核实：截至本公告披露日，公司、 1 一、股票交易异常波动的具体情况 公司股票于2025年7月29日、2025年7月30日、2025年7月31日连续3个交易日 收盘价格涨幅偏离值累计超过20%，根据《上海证券交易所交易规则》的相关规 定，属于股票交易异常波动。 二、公司关注并核实的相关情况 （一）生产经营情况 经公司自查 ...

Core Viewpoint - Industrial Fulian (601138.SH) announced that its stock trading has experienced unusual fluctuations, but after internal review, the company confirmed that its production and operational activities are normal, with no significant changes in major customers or products, and no undisclosed major information exists [1] Group 1 - The company has conducted a self-examination regarding the unusual stock trading activity [1] - Current production and operational activities of the company are reported to be normal [1] - There are no significant changes in major customers or products [1]