Group 1 - The A-share photovoltaic sector is experiencing a continuous adjustment, with significant declines in stock prices [1] - Yamaton has dropped over 9%, indicating a notable downturn in its market performance [1] - Other companies such as Yijing Optoelectronics, Guosheng Technology, Haiyou New Materials, Hongyuan Green Energy, and *ST Mubang have also seen declines [1]

| 概念 | 今日涨跌幅（%） | 概念 | 今日涨跌幅（%） | | --- | --- | --- | --- | | 中国AI 50 | 3.91 | 低辐射玻璃(Low-E) | -3.55 | | ERP概念 | 3.35 | 硅能源 | -2.85 | | 共封装光学(CPO) | 2.39 | POE胶膜 | -2.39 | | F5G概念 | 2.25 | 农村电商 | -2.37 | | 英伟达概念 | 2.02 | 煤炭概念 | -2.36 | | 华为盘古 | 1.92 | 赛马概念 | -2.24 | | 液冷服务器 | 1.90 | 超超临界发电 | -2.22 | | 果指数 | 1.85 | 光热发电 | -2.21 | | AI PC | 1.72 | 有机硅概念 | -2.15 | | 财税数字化 | 1.65 | 草甘膦 | -2.14 | 今日涨跌幅居前的概念板块 截至7月15日收盘，POE胶膜概念下跌2.39%，位居概念板块跌幅榜前列，板块内，拓日新能、亚玛顿等 跌停，赛伍技术、长阳科技、天洋新材等跌幅居前。 | 603051 | 鹿山新材 | -1.71 | 2.52 ...

Core Viewpoint - The Low-E glass concept sector experienced a significant decline of 3.55%, with major companies like Yamaton, Sanxia New Material, Jinjing Technology, and Yaopi Glass facing substantial losses [1][2]. Group 1: Market Performance - As of July 15, the Low-E glass concept ranked among the top decliners in the market, with Yamaton hitting the daily limit down [1]. - The sector saw a net outflow of 230 million yuan from main funds, indicating a lack of investor confidence [2]. Group 2: Individual Stock Performance - Yamaton led the outflow with a net withdrawal of 65.6 million yuan, reflecting a drop of 9.99% in its stock price [2]. - Other notable stocks with significant net outflows include Jinjing Technology (34.9 million yuan, down 4.18%) and Yaopi Glass (27.1 million yuan, down 4.03%) [2].

低辐射玻璃概念走低，亚玛顿（002623）触及跌停，三峡新材（600293）、耀皮玻璃（600819）、安彩 高科（600207）、海南发展（002163）跟跌。 "聪明钱"流向曝光！暗盘资金破解主力操盘密码>> ...

上周，沪指再度站上3500点。周二，光伏板块直接"炸场"——亚玛顿上演"地天板"，多晶硅期货涨停， 光伏龙头ETF开启狂飙！这哪里是炒股？这是坐上了火箭啊！这背后，可不止"牛市"那么简单，或许还 隐藏着全行业高质量发展的终极密码！ 光伏行业走到今天，到底经历了什么？从价格战打到"负毛利"，这几年光伏圈就一个字：卷！硅料价格 从30万/吨暴跌到4万/吨，组件报价低至每瓦6毛多，企业每卖一块板亏一杯奶茶钱，一旦停产，亏得更 多！有网友辣评："这哪是做生意？这是做慈善啊！" 这么卷下去，何时熬出头？于是，官方果断"出手"了。首先是人民日报在一篇文章中讲道，"内卷式"恶 性竞争违背了经济规律，破除"内卷式"竞争，是按照经济规律办事的必然要求。 紧接着，工信部紧急召集光伏大佬们开会，主题就俩字："别卷了！"参与此次座谈会的企业家阵容强大 ——有天合光能董事长高纪凡、晶科能源董事长李仙德、隆基绿能董事长钟宝申、TCL中环董事长李东 生等。会后，这些大佬们的反馈惊人一致：这大会，让俺们有信心了！ 6月底，国内十大光伏玻璃厂商宣布：减产30%！这操作堪比"全班优等生约好一起不补课"——你不 卷，我不卷，大家一起保饭碗！结果呢 ...

Core Viewpoint - The "anti-involution" policy is gaining traction, leading to a rebound in related concept stocks, particularly in the steel, coal, and photovoltaic sectors, with significant price increases observed in leading companies [1][5]. Group 1: Market Performance - As of July 14, the Wind Photovoltaic Index has increased by 14.44% since its rebound began on June 20, with leading stocks such as Yamaton (002623), Guosheng Technology (603778), and Jingyuntong (601908) rising by 96.7%, 81.79%, and 54.67% respectively [1][5]. - Research institutions have shown heightened interest in "anti-involution" concept stocks, with over 283 related research reports published by brokers and futures firms since July [2]. Group 2: Policy Developments - The Central Economic Commission emphasized the need to deepen the construction of a unified national market, focusing on addressing low-price disorderly competition and promoting product quality improvement [3]. - The State Administration for Market Regulation held a meeting to strengthen fair competition reviews and enhance anti-monopoly enforcement, involving companies from various sectors including wind power, automotive, and internet platforms [3]. Group 3: Industry Insights - Key industries benefiting from the "anti-involution" policy include steel, cement, photovoltaic, and lithium battery sectors, with expectations of improved profitability and market performance [9][12]. - The "anti-involution" policy aims to guide companies away from cost competition, emphasizing the importance of R&D and product quality enhancement [10]. Group 4: Future Outlook - Analysts suggest that the current "anti-involution" trend may unfold in three phases: initial policy catalysis, subsequent resource price increases, and stabilization of high prices [7]. - The anticipated policy measures are expected to be rolled out by various ministries before September, focusing on supply-side reforms and addressing overcapacity in several industries [6].

证券代码：002623 证券简称：亚玛顿 公告编号：2025-033 常州亚玛顿股份有限公司 本公司及董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。 一、本期业绩预计情况 项目 本报告期 上年同期 归属于上市公司 亏损：1,500 万元-2,000 万元 盈利：1,355.10 万元 股东的净利润 比上年同期下降：210.69%-247.59% 亏损：2,900 万元-3,400 万元 扣除非经常性损 比上年同期下降：1,657.47%- 盈利：186.20 万元 益后的净利润 基本每股收益 亏损：0.08 元/股-0.1 元/股 盈利：0.07 元/股 二、与会计师事务所沟通情况 本次业绩预告相关数据未经会计师事务所审计。 三、业绩变动原因说明 导致短期需求集中释放，光伏玻璃销售单价的快速回升。2025 年 5 月-6 月，随 着产业链需求逐步降温，产业链价格快速回落，受产品价格下跌及存货减值影响， 本次业绩预告是公司财务部门遵循会计准则进行初步核算的结果，尚未经注 投资者谨慎决策，注意投资风险。 特此公告。 公司报告期内经营业绩亏损。 面对当前光伏行业的困难与挑战 ...

Changzhou Almaden Co., Ltd. 2025 Semi-Annual Performance Forecast [Performance Forecast Overview](index=1&type=section&id=I.%20Current%20Period%20Performance%20Forecast) The company forecasts a H1 2025 shift to loss, with net profit attributable to shareholders projected at 15-20 million yuan loss Key Performance Indicators | Item | Current Reporting Period | Prior Year Same Period | | :--- | :--- | :--- | | **Net Profit Attributable to Shareholders of Listed Company** | Loss: 15 - 20 million yuan | Profit: 13.551 million yuan | | Year-on-Year Change | Decrease: 210.69% - 247.59% | - | | **Net Profit After Deducting Non-Recurring Gains and Losses** | Loss: 29 - 34 million yuan | Profit: 1.862 million yuan | | Year-on-Year Change | Decrease: 1,657.47% - 1,925.99% | - | | **Basic Earnings Per Share** | Loss: 0.08 - 0.1 yuan/share | Profit: 0.07 yuan/share | [Communication with Accounting Firm](index=1&type=section&id=II.%20Communication%20with%20Accounting%20Firm) This performance forecast's financial data are preliminary company calculations, unaudited by an accounting firm - The data in this performance forecast have not been audited by an accounting firm[4](index=4&type=chunk) [Reasons for Performance Change and Response Strategies](index=1&type=section&id=III.%20Explanation%20of%20Reasons%20for%20Performance%20Change) Loss stems from cooling PV demand, price drops, and inventory impairment; company plans capacity rationalization and overseas expansion - The primary reason for the shift from profit to loss is market volatility: a rush for distributed market installations from January to April 2025 due to policy adjustments drove a rebound in photovoltaic glass prices; however, demand cooled down in May-June, leading to a rapid decline in industry chain prices, compounded by inventory impairment, resulting in the company's performance loss[5](index=5&type=chunk) - Facing industry challenges, the company plans two key measures: 1) practicing industry self-discipline, rationally planning capacity, and maintaining stable operations; 2) accelerating overseas industrial layout to enhance global competitiveness[5](index=5&type=chunk) [Risk Warning](index=1&type=section&id=IV.%20Risk%20Warning) The company warns investors that this performance forecast is preliminary and unaudited, with final data subject to the 2025 semi-annual report - The company explicitly states that this performance forecast is a preliminary calculation by the finance department, unaudited by certified public accountants, and the final data will be based on the officially disclosed semi-annual report, reminding investors to make cautious decisions[6](index=6&type=chunk)

亚玛顿（002623）公告，预计2025年上半年净利润为亏损1500万元-2000万元，同比下降 210.69%-247.59%；扣非净利润亏损2900万元-3400万元，同比下降1,657.47%-1,925.99%；基本每股收益 亏损0.08元/股-0.1元/股。公司业绩变动主要由于光伏行业政策调整导致需求集中释放和产品价格下跌。 ...

股票方面，截至上周末，多晶硅板块通威股份（600438）7月至今大涨逾两成，大全能源大涨近两成； 光伏玻璃亚玛顿（002623）大涨逾六成；钢铁股金岭矿业（000655）大涨逾四成，重庆钢铁（601005） 大涨16%。 深圳商报·读创客户端记者 陈燕青 随着"反内卷"政策信号持续释放，市场对行业格局优化的预期增强，近期多晶硅、黑色系商品期货持续 反弹。根据统计，截至7月11日，7月以来多晶硅主力合约大涨23.4%，焦煤主力合约上涨8.37%，玻璃 主力合约上涨6.68%，螺纹钢主力合约上涨4.12%。 业内普遍认为，"反内卷"背后，意在减少低效竞争，解决产能过剩和资源浪费问题。 对此，广发证券首席策略分析师刘晨明表示，从2023年底以来，"反内卷"在多个顶层会议被频繁提及， 自上而下推动的供给调节与需求刺激手段形成配合，目标是使得经济的物价水平重回稳定区间。本轮市 场对于"反内卷"的形式和力度也存在观望期，未来行情斜率的提升还需要看到进一步坚决推进的政策信 号。如果政策持续，单靠供给收缩可以实现相关行业的资产周转率上升、价格上涨、利润修复，构成结 构性机会。 根据统计，7月以来商品价格上涨较多的品类集中在新 ...