Group 1 - The core viewpoint of the news is that the China Securities Mobile Internet Index has shown significant growth, with a 7.70% increase over the past month and an 11.61% increase over the past three months, indicating a positive trend in the mobile internet sector [2] - The index is composed of companies that benefit from mobile internet, including mobile terminal providers, platform operators, and content service providers, reflecting the overall performance of the mobile internet theme [2] - The top ten weighted companies in the index include Zhongji Xuchuang (4.43%), Luxshare Precision (3.4%), and Industrial Fulian (3.08%), among others, highlighting the key players in the mobile internet industry [2] Group 2 - The index is primarily composed of companies listed on the Shenzhen Stock Exchange (68.51%) and the Shanghai Stock Exchange (31.49%), indicating a regional concentration in the Chinese market [2] - The industry composition of the index shows a significant focus on information technology (71.67%) and communication services (23.86%), with financials and consumer discretionary making up a smaller portion [2] - The index undergoes quarterly adjustments to its sample and weight factors, with specific implementation dates, ensuring that it remains reflective of the current market landscape [3]

Group 1 - The core viewpoint of the news is the significant changes in the top holdings of various funds managed by Ruiyuan Fund, particularly the entry of Xinyi Technology into the top holdings of Ruiyuan Growth Value and the exit of Guanghui Energy [1][2] - Ruiyuan Growth Value experienced some net redemptions in Q2, but still maintained over 14.4 billion shares by the end of the quarter [2] - The fund reduced its holdings in China Mobile, Ningde Times, Tencent Holdings, and Maiwei Shares, with notable reductions in China Mobile and Maiwei Shares [2] Group 2 - Ruiyuan Balanced Value Three-Year Holding Fund saw significant changes in its top holdings, with new entries including Luxshare Precision, Hangzhou Bank, China Taiping, and Shenneng Power, while China Mobile and Shanxi Fenjiu exited the top ten [3] - The fund increased its allocation in banking, insurance, and electric power sectors while reducing exposure to consumer services, liquor, and pharmaceutical sectors [3] Group 3 - The Ruiyuan Hong Kong Stock Connect Core Value Mixed Fund experienced a significant increase in shares, with a growth of approximately 100% compared to the end of Q1 [6] - The top holdings included Pop Mart, Xiaomi Group, Zijin Mining, and others, while Alibaba, Shenzhou International, Shanxi Fenjiu, and others exited the top ten [6] - The fund manager emphasized the need for a nuanced understanding of the new consumption sector, highlighting the varying development stages and internal ROE models of sub-industries [6] Group 4 - The innovation drug sector emerged as a hotspot, with successful clinical progress in PD1/VGFR targets in China, raising concerns for multinational corporations (MNCs) about potential revenue declines due to patent expirations [7] - Uncertainties regarding tariffs have eased slightly, but concerns about the financial decoupling between China and the U.S. continue to suppress valuations in the technology sector [7] - The technology sector is currently at a relatively low valuation, and if advancements in AI research can close the gap with the U.S. industry, significant investment opportunities may arise in the second half of the year [7]

| 证券代码：002475 | 证券简称：立讯精密 | 公告编号：2025-098 | | --- | --- | --- | | 债券代码：128136 | 债券简称：立讯转债 | | 本公司及监事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 特别提示： 1、投资者回售选择权：根据《立讯精密工业股份有限公司公开发行可转换公司 债券募集说明书》（以下简称《募集说明书》）的约定，"立讯转债"持有人可回售 部分或者全部未转股的"立讯转债"。"立讯转债"持有人有权选择是否进行回售， 本次回售不具有强制性。 立讯精密工业股份有限公司 关于"立讯转债"回售的第四次提示性公告 2、回售价格：101.258 元/张（含息税） 3、回售条件触发日：2025 年 7 月 10 日 4、回售申报期：2025 年 7 月 17 日至 2025 年 7 月 23 日 5、发行人资金到账日：2025 年 7 月 28 日 8、回售申报期间"立讯转债"将暂停转股 9、在回售资金发放日之前，如持有的本期债券发生司法冻结或划扣等情形，债 券持有人本次回售申报业务失效。 10、风险提示：投资者选择回售等 ...

Group 1 - As of July 15, 2025, 775 companies in the Shenzhen market disclosed their half-year performance forecasts, with 453 companies expecting a year-on-year net profit growth, accounting for approximately 58.45% [1] - Among the top 100 companies by market capitalization in Shenzhen, 21 disclosed performance forecasts, with 20 expecting year-on-year growth, collectively projecting a net profit of 51.2 billion to 56.9 billion yuan [1] - Leading companies such as Muyuan Foods, Newyeason, and TCL Technology reported net profit growth exceeding 100% [1] Group 2 - Muyuan Foods expects a net profit attributable to shareholders of 10.2 billion to 10.7 billion yuan for the first half of the year, representing a year-on-year increase of 1129.97% to 1190.26% [2] - The increase in Muyuan Foods' profit is attributed to a rise in pig sales and a decrease in breeding costs compared to the same period last year, with sales of 38.394 million pigs [2] - Luxshare Precision, a leader in the consumer electronics sector, anticipates a net profit of approximately 6.475 billion to 6.745 billion yuan, reflecting a year-on-year growth of 20% to 25% [2] Group 3 - The agriculture, forestry, animal husbandry, and fishery sector has 34 companies forecasting a total net profit of 15.5 billion to 16.9 billion yuan, with New Hope expecting a net profit of 680 million to 780 million yuan, a year-on-year increase of about 164% [3] - The electronics sector has 59 companies forecasting a total net profit of 12.5 billion to 14.4 billion yuan, with notable companies like Huadian expecting a net profit of 1.65 billion to 1.75 billion yuan, a year-on-year increase of approximately 53.4% [3] - TCL Technology is projected to achieve a net profit of 1.8 billion to 2 billion yuan, representing a year-on-year growth of approximately 101% [3]

Core Viewpoint - Luxshare Precision is advancing its acquisition of a portion of the equity and assets of subsidiaries from Wingtech Technology, with all preconditions for the transaction being met and the transfer procedures progressing smoothly [1] Group 1: Business Expansion and Profitability - Luxshare Precision's rapid development of new projects in the consumer electronics sector, alongside its strong profitability, is a critical growth direction beyond its major clients in consumer electronics, automotive, and communications [1] - The acquisition strategy of "internal growth + external mergers" is key to Luxshare's continuous expansion and vertical integration in the consumer electronics sector, enhancing its overall competitiveness [2] - The acquired companies possess mature R&D and manufacturing systems in the ODM and OEM fields for mobile phones, tablets, laptops, and small appliances, which will complement Luxshare's existing precision manufacturing capabilities [2] Group 2: Competitive Advantage and Market Position - The acquisition will significantly enhance Luxshare's ODM scale and competitiveness, as Wingtech holds over 20% market share in the global mobile ODM market, serving major brands like Samsung and Xiaomi [3] - Luxshare aims to leverage this acquisition to provide integrated ODM services to well-known clients, increasing customer loyalty and opening new markets for its electronic components and modules [3] - The company has diversified its product offerings across various categories, including AI-driven products, positioning itself to benefit from the upcoming wave of product innovation driven by generative AI [3] Group 3: Global Strategy and Operational Efficiency - Luxshare's acquisition of Wingtech's assets in India marks a significant step in its global strategy, with operations fully taken over as of July 2, 2025 [4] - The company aims to build a "manufacturing + technology" dual-driven global industrial ecosystem over the next three to five years, focusing on deep collaboration with global tech leaders and international cooperation on technology and standards [4] - Luxshare has established a global closed-loop system for "design-manufacturing-service," enhancing its capacity and supply chain resilience, which supports its expansion in consumer electronics and automotive sectors [5] Group 4: Risk Management and Resilience - The company has developed a robust global capacity layout, with established production bases and R&D centers in countries like Vietnam, India, Mexico, and Germany, enhancing its risk management capabilities [5] - Luxshare's strong risk resilience and optimized global capacity layout position it to benefit from the trend of concentration in the supply chain, allowing it to flexibly meet customer market demands [5] - The company is creating a more resilient business model that not only serves existing clients well but also opens up new customer opportunities, thereby creating new growth avenues [5]

Group 1 - A total of 1525 A-share listed companies disclosed their mid-year performance forecasts, with 662 companies expecting positive growth, representing 43.41% of the total [2] - The industries showing strong performance include biomedicine, basic chemicals, artificial intelligence, semiconductors, rare earths, gold, and securities [2] - 869 companies are expected to see a year-on-year net profit increase, with 428 companies forecasting over 100% growth [3] Group 2 - China Shenhua is projected to have the highest net profit at 25.6 billion yuan, followed by Zijin Mining and Guotai Junan with 23.2 billion yuan and 19.557 billion yuan respectively [3][4] - Companies like Lixun Precision and Xinyisheng are experiencing significant growth due to their strategic positioning and market demand, particularly in high-end manufacturing and AI-related investments [4] - Some companies have seen their stock prices surge significantly following positive earnings forecasts, with Huayin Power's stock hitting the limit up six times in seven days [5] Group 3 - Analysts predict an overall improvement in A-share performance in the second half of the year, driven by a moderate recovery in the macro economy and sustained high demand in sectors like electronics and communications [5] - The focus on expanding domestic demand is expected to benefit leading companies in consumer sectors such as automotive and home appliances [5]

Core Insights - The consumer electronics sector is experiencing a structural recovery driven by demand rebound and technological upgrades, with 47% of the 23 listed companies in the sector expecting profit growth for the first half of 2025 [1][2] Industry Performance - The consumer electronics industry is benefiting from global digital transformation and the explosion of AI, leading to improved industry sentiment [2] - AI is deeply empowering the consumer electronics industry, driving innovation in products such as smartphones, AI PCs, and wearable devices [3] - The automotive electronics business is becoming a core growth engine for listed companies in the consumer electronics sector, fueled by the rapid development of the new energy vehicle industry [5][6] Company Performance - Six companies in the consumer electronics sector are expected to achieve over 100% year-on-year profit growth, with Shuo Bei De Wireless Technology Co., Ltd. projecting a profit increase of 867.27% to 1028.49% [2] - Huqin Technology Co., Ltd. anticipates a profit of 1.87 billion to 1.9 billion yuan, reflecting a year-on-year increase of 44.8% to 47.2% [3] - Foxconn Industrial Internet Co., Ltd. is seeing significant growth in its core products, particularly in advanced AI computing products, and is focusing on smart manufacturing and AI integration [4] - Luxshare Precision Industry Co., Ltd. expects a profit growth of 20% to 25% due to its vertical integration strategy and global resource optimization [5]

Group 1 - As of July 15, 2025, 1,525 A-share listed companies disclosed their mid-year performance forecasts, with 662 companies expecting profit increases, accounting for 43.41% of the total [1] - 857 companies forecasted profit declines, representing 56.19% of the total, while 6 companies had uncertain forecasts [1] - Industries such as biomedicine, basic chemicals, artificial intelligence, semiconductors, rare earths, gold, and securities showed strong performance [1] Group 2 - A total of 869 companies expect a year-on-year profit increase, with 428 companies forecasting over 100% growth [1] - Notable companies with significant profit growth include Southern Precision with a 35,784% increase, Huayin Power with 4,423%, and Sanhe Pile with 3,889% [1] Group 3 - China Shenhua leads in net profit forecasts, expecting a maximum of 25.6 billion yuan, followed by Zijin Mining and Guotai Junan with 23.2 billion yuan and 19.557 billion yuan respectively [3] - 139 companies expect net profits exceeding 500 million yuan, with 72 companies forecasting over 1 billion yuan [3] Group 4 - Leading companies attribute their performance growth to various factors, such as Lixun Precision's strong risk resistance and global production capacity optimization [4] - New Yisheng benefits from increased demand for AI-related computing power and product structure optimization [4] - Huayin Power's significant profit increase is attributed to higher electricity generation and lower fuel costs [4] Group 5 - Some companies experienced significant stock price increases following their performance forecasts, with Huayin Power's stock hitting 6 limit-ups in 7 days [5] - Analysts predict an overall improvement in A-share performance in the second half of the year, driven by a moderate economic recovery and high demand in sectors like electronics and communications [5]

从中证中华联合优质成长指数持仓的市场板块来看，上海证券交易所占比62.35%、深圳证券交易所占 比37.65%。 金融界7月15日消息，A股三大指数收盘涨跌不一，中证中华联合优质成长指数 (中华联合优质成长， 931725)上涨0.5%，报7227.4点，成交额3064.23亿元。 数据统计显示，中证中华联合优质成长指数近一个月上涨3.90%，近三个月上涨8.15%，年至今上涨 4.73%。 据了解，中证中华联合优质成长指数在沪深市场中选取各行业净资产收益率较高的上市公司证券作为指 数样本，为投资者提供多样化的投资标的。该指数以2004年12月31日为基日，以1000.0点为基点。 从指数持仓来看，中证中华联合优质成长指数十大权重分别为：贵州茅台（7.22%）、中国平安 （5.01%）、长江电力（3.04%）、紫金矿业（2.57%）、东方财富（2.42%）、比亚迪（2.38%）、中信 证券（2.25%）、恒瑞医药（2.08%）、国泰海通（1.78%）、立讯精密（1.52%）。 从中证中华联合优质成长指数持仓样本的行业来看，金融占比20.97%、工业占比13.26%、信息技术占 比12.94%、主要消费占比10 ...

| 证券代码：002475 | 证券简称：立讯精密 | 公告编号：2025-097 | | --- | --- | --- | | 债券代码：128136 | 债券简称：立讯转债 | | 立讯精密工业股份有限公司 关于"立讯转债"回售的第三次提示性公告 本公司及监事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 特别提示： 1、投资者回售选择权：根据《立讯精密工业股份有限公司公开发行可转换公司 债券募集说明书》（以下简称《募集说明书》）的约定，"立讯转债"持有人可回售 部分或者全部未转股的"立讯转债"。"立讯转债"持有人有权选择是否进行回售， 本次回售不具有强制性。 2、回售价格：101.258 元/张（含息税） 3、回售条件触发日：2025 年 7 月 10 日 4、回售申报期：2025 年 7 月 17 日至 2025 年 7 月 23 日 10、风险提示：投资者选择回售等同于以 101.258 元人民币/张（含当期利息） 卖出持有的"立讯转债"。截至目前，"立讯转债"的收盘价格高于本次回售价格， 投资者选择回售可能会带来损失，敬请投资者注意风险。 立讯精密工业股份有 ...