New Stock Issuance - New stock issued by Dingjia Precision at a price of 11.16 on July 22, 2025[1] - ST Kelly's tender offer period is from July 17 to August 15, 2025[1] - ST Zitian and other companies have also announced new stock issuances[1] Market Alerts - Significant abnormal fluctuations reported for several stocks including Guangshengtang and Huayin Power[1] - Multiple companies have disclosed announcements regarding stock performance and market activities[1] - The report includes links to detailed announcements for various stocks, indicating ongoing market monitoring[1]

Group 1 - The core viewpoint of the articles highlights the structural differentiation in the A-share market, with a focus on the "high-cut low" strategy and the emergence of new investment opportunities in the context of macroeconomic pressures and corporate earnings forecasts [1][2] - The CSI 500 Quality Growth Index is currently at a historical low valuation, with a price-to-book (PB) ratio of 1.94, indicating significant investment value compared to over 84.74% of the past three years [2] - The CSI 500 Quality Growth ETF closely tracks the CSI 500 Quality Growth Index, which selects 100 companies with high profitability, sustainable earnings, and strong cash flow from the broader CSI 500 Index, providing diverse investment options [2] Group 2 - As of June 30, 2025, the top ten weighted stocks in the CSI 500 Quality Growth Index include Dongwu Securities, Kaiying Network, and Huagong Technology, collectively accounting for 20.42% of the index [2] - The recent performance of the top ten stocks shows mixed results, with Dongwu Securities slightly up by 0.22% and Kaiying Network down by 1.13%, reflecting the ongoing volatility in the market [3]

Group 1: Institutional Trading Highlights - A total of 39 stocks were listed on the institutional trading leaderboard, with 20 stocks seeing net purchases and 19 stocks experiencing net sales [1] - The top three stocks with the highest net purchases by institutions were: Yipin Hong (79.39 million), Kanghong Pharmaceutical (77.90 million), and Yong'an Pharmaceutical (69.46 million) [1][2] - Yipin Hong's subsidiary, Paracetamol Sodium, has passed CDE technical review, which is a selective COX-2 inhibitor developed by the US company Pharmacia, providing anti-inflammatory and analgesic effects [2] Group 2: Major Projects and Economic Impact - The opening ceremony for the Yarlung Zangbo River downstream hydropower project was held, with significant implications for the economy, potentially showing a U-shaped impact on economic growth [3][4] - The project is expected to enhance hydropower generation, boost local economies, and promote the development of the clean energy industry, involving multiple sectors such as civil explosives, infrastructure, cement, and energy conversion [4] Group 3: Robotics Industry Developments - Changsheng Bearing is advancing its cooperation with Yuzhu Technology, having signed a cooperation agreement and secured orders [5] - Yuzhu Technology has initiated its IPO guidance with CITIC Securities and has received a significant order worth 90.51 million from Miyi (Shanghai) Automotive Technology [5] - According to IDC, Yuzhu Technology is projected to capture a 32.4% share of the global robotics market in 2024, with expected sales of 23,700 robotic dogs, accounting for approximately 69.75% of the global market [6]

证券代码：002773 证券简称：康弘药业 公告编号：2025-040 成都康弘药业集团股份有限公司 股票交易异常波动公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完 整，没有虚假记载、误导性陈述或重大遗漏。 一、股票交易异常波动情况 成都康弘药业集团股份有限公司（以下简称"公司"）股票（证券 简称：康弘药业，证券代码：002773）2025 年 7 月 17 日、7 月 18 日、7 月 21 日连续三个交易日内收盘价格涨幅偏离值累计超过 20%，根据深圳 证券交易所的有关规定，属于股票交易异常波动的情况。 二、公司关注、核实情况说明 针对公司股票异常波动，公司对有关事项进行了核查，有关情况说 明如下： 1、截至本公告日，公司前期披露的信息不存在需要更正、补充之处。 2、公司未发现近期公共媒体报道了可能或已经对公司股票交易价格 产生较大影响的未公开重大信息。 3、截至目前公司经营情况正常，内外部经营环境未发生重大变化。 4、公司、控股股东、实际控制人不存在关于公司的应披露而未披露 的重大事项，也不存在处于筹划阶段的重大事项。 5、经询问，股票异常波动期间，公司控股股东、实际控制人均未买 卖公司股 ...

Core Viewpoint - The China Securities 500 Quality Growth Index has shown a decline of 0.54% as of July 18, 2025, with mixed performance among constituent stocks, indicating a volatile market environment [1] Group 1: Market Performance - The top-performing stocks include Kanghong Pharmaceutical, which rose by 4.66%, and Qilu Bank, which increased by 3.30%, while Chunfeng Power led the decline with a drop of 6.43% [1][4] - The China Securities 500 Quality Growth ETF has been adjusted, with the latest price at 1 yuan [1] Group 2: Analyst Insights - Several foreign investment banks have expressed optimism about the Chinese market, with Citigroup upgrading the ratings for Chinese and Korean markets to "overweight" despite macroeconomic fluctuations [1] - CICC's report highlights the value of equity markets amid an "asset shortage," suggesting a positive outlook for the second half of the year, although short-term uncertainties remain [1] Group 3: Index Composition - The China Securities 500 Quality Growth Index consists of 100 high-profitability, sustainable, and cash-rich companies selected from the broader China Securities 500 Index [2] - As of June 30, 2025, the top ten weighted stocks in the index account for 20.42% of the total index, with Dongwu Securities and Kaiying Network being the largest constituents [2]

Group 1 - The core viewpoint indicates that the A-share market has seen a significant rise over three consecutive weeks, with a low overall systemic risk, suggesting that the current market conditions present an opportunity for further gains [1] - The report from CITIC Securities highlights a shift from a stock market focused on existing shares to one that is increasingly driven by new capital inflows, particularly benefiting the manufacturing sector, which is currently at a low valuation [1] - The valuation of the CSI 500 Quality Growth Index is noted to be at a historical low, with a price-to-book ratio (PB) of 1.9, which is below 88.84% of the time over the past three years, indicating a strong value proposition for investors [1] Group 2 - The CSI 500 Quality Growth Index consists of 100 companies selected for their high profitability, sustainable earnings, and strong cash flow, providing diverse investment options for investors [2] - As of June 30, 2025, the top ten weighted stocks in the CSI 500 Quality Growth Index account for 20.42% of the index, with notable companies including Dongwu Securities and Huagong Technology [2] Group 3 - The performance of individual stocks within the index shows varied results, with notable gainers such as Shenghong Technology increasing by 8.19%, while others like Chifeng Gold and Jiuhua Company experienced declines [4]

以上内容与数据，与有连云立场无关，不构成投资建议。据此操作，风险自担。 中泰证券称，目前医药板块处在一定分化加强阶段，一方面是医药跟市场其他板块的资金流向，另一方 面是医药内部成长属性的创新药，和以业绩为导向的困境反转的板块和个股。本周创新产业链的表现一 定程度反应的市场情绪和配置的变化。当前市场，我们建议两条主线共同把握：从基本面来看，创新药 仍是当前医药板块中产业趋势最为明确且具备未来成长空间的子行业，我们认为全年维度创新药作为医 药板块的投资主线不会变化，创新药大时代已然到来，建议积极拥抱，加配医药板块；此外，7 月中报 业绩预告/快报陆续披露，CRO&CDMO、GLP-1 景气赛道、困境反转的原料药等表现亮眼，我们建议 继续积极布局有望逐步走出拐点的细分板块，如CRO&CDMO、科研上游、特色原料药等。 医疗创新ETF紧密跟踪中证医药及医疗器械创新指数，CS医药创新指数通过客观的量化指标，筛选出符 合前述高景气度赛道的股票，是市场上唯一一只完全基于量化因子编制的医药主题指数。 展望未来，预计我国医疗卫生支出的总盘子仍将实现稳定的可持续增长。在行业稳步扩容下，寻找快于 行业平均增速的细分领域，将成为超额 ...

Group 1 - The core viewpoint of the article highlights the performance of public funds in the second quarter of 2025, with a focus on the innovative drug sector and the significant increase in short-term bond fund shares [1][4] - The first report from the outstanding fund manager Liang Furui shows a cumulative net value growth rate of 75.18% for the Changcheng Pharmaceutical Industry Select Fund, making it the second-best performing equity fund in the first half of the year [2] - Liang Furui's report indicates that the innovative drug development will focus on overseas licensing and domestic sales expansion in the third quarter, with a continued emphasis on clinical data, pipeline licensing, and sales growth [3] Group 2 - Several short-term bond funds have seen a significant increase in shares during the second quarter, with the Debang Short Bond Fund's total shares rising to 5.482 billion, an increase of over 30 billion shares, representing a growth of over 125% [4] - The fund managers of Dongfanghong Yixin Pure Bond and Dongfanghong Short Bond report that the next phase will focus on benefiting from internal liquidity easing, with a core strategy of investment-grade leverage and duration trading [4][5] - The Debang Short Bond Fund managers express concerns about external demand pressures and the potential slowdown of the "old-for-new" subsidy policy, while maintaining a positive outlook for the bond market in the third quarter [5]

Group 1 - Kanghong Pharmaceutical received a drug registration certificate for Lifisig Eye Drops, approved for treating dry eye symptoms [1] - Kanghong Biotech, a wholly-owned subsidiary, received clinical trial approval for KH813 injection for metastatic non-squamous non-small cell lung cancer [1] - Kanghong Pharmaceutical was established in October 1996, focusing on drug and medical device research, production, and sales [1] Group 2 - Guoyuyuan's subsidiary received a government subsidy of 7.5521 million yuan, accounting for 10.14% of the company's audited net profit for 2024 [2] - Guoyuyuan was founded in November 1996, specializing in drug research, production, and sales [3] Group 3 - Haicheng Bonda's subsidiary signed a lease termination agreement, incurring a termination fee of 3.35 million USD [4] - Haicheng Bonda was established in December 2009, providing comprehensive modern logistics services [4] Group 4 - Hongxin Electronics' subsidiary signed contracts totaling 373 million yuan for computing power business [5] - Hongxin Electronics was founded in September 2003, focusing on FPC research, design, manufacturing, and sales [6] Group 5 - Tianbang Food reached a settlement agreement regarding a 1.214 billion yuan lawsuit, agreeing to repay 410 million yuan over 36 months [8] - Tianbang Food was established in September 1996, specializing in pig farming and pork processing [9] Group 6 - Daoshi Technology's controlling shareholder plans to reduce holdings by up to 1.97% of the company's shares [10] - Daoshi Technology was founded in September 2007, focusing on ceramic color glazes and related products [10] Group 7 - Jinpu Titanium is planning a major asset restructuring, leading to a stock suspension [10] - Jinpu Titanium was established in November 1989, specializing in titanium dioxide production and sales [11] Group 8 - Shenzhen Energy plans to invest 6.332 billion yuan in upgrading the Mawan Power Plant [12] - Shenzhen Energy was founded in August 1993, focusing on conventional and renewable energy development [13] Group 9 - Lihua Co. plans to reduce holdings by up to 3% of the company's shares [14] - Lihua Co. was established in June 1997, specializing in the breeding and sales of poultry [15] Group 10 - China Communications Construction Company plans to repurchase shares worth 500 million to 1 billion yuan [16] - China Communications Construction Company was founded in October 2006, focusing on infrastructure design and construction [17] Group 11 - Huatiankeji's subsidiary received a government subsidy of 80.6569 million yuan, accounting for 13.09% of the company's latest audited net profit [20] - Huatiankeji was established in December 2003, specializing in integrated circuit packaging and testing [21] Group 12 - Luxin Chuangtou plans to acquire shares in Hongke Electronics for a total of 9 million yuan [23] - Luxin Chuangtou was founded in November 1993, focusing on venture capital and industrial development [24] Group 13 - Feilong Co.'s controlling shareholder plans to reduce holdings by up to 563,250 shares [25] - Feilong Co. was established in January 2001, specializing in thermal management components for automotive and civil applications [26] Group 14 - Linglong Tire submitted an application for H-share listing on the Hong Kong Stock Exchange [27] - Linglong Tire was founded in June 1994, focusing on tire design, development, manufacturing, and sales [27] Group 15 - Saiwei Electronics plans to acquire 9.5% of its subsidiary's shares for up to 324 million yuan [28] - Saiwei Electronics was established in May 2008, focusing on MEMS chip development and semiconductor equipment [28] Group 16 - Suzhou Bank's major shareholder plans to increase holdings by no less than 400 million yuan [29] - Suzhou Bank was founded in December 2004, focusing on various banking services [29]

证券代码：002773 证券简称：康弘药业 公告编号：2025-038 成都康弘药业集团股份有限公司 关于公司收到药品注册证书的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整， 没有虚假记载、误导性陈述或重大遗漏。 成都康弘药业集团股份有限公司（以下简称"公司"）于近日收 到国家药品监督管理局签发的关于利非司特滴眼液的《药品注册证书》 （证书编号：2025S01943），批准注册。现将相关情况公告如下： 注册分类：化学药品 3 类 1 / 2 批准文号：国药准字 H20254661 审批结论：根据《中华人民共和国药品管理法》及有关规定，经 审查，本品符合药品注册的有关要求，批准注册，发 给药品注册证书。 二、产品简介 一、药品基本信息 药品名称：利非司特滴眼液 剂型：眼用制剂 规格：5%（0.2ml：10mg） 适应症：本品适用于治疗干眼（DED）的体征和症状。 2 / 2 利非司特滴眼液作为第一代淋巴细胞功能相关抗原-1(LFA-1）拮 抗剂，具有全新的作用机制，因其在治疗、诊断或预防严重疾病的安 全性或有效性方面的潜力，获得了 FDA 优先审评资格，于 2016 年 7 月在美国获批上市。 ...