

Macro Economy - The Yarlung Tsangpo River downstream hydropower project has officially commenced, with a total investment of approximately 1.2 trillion yuan [1] - The Ministry of Industry and Information Technology (MIIT) announced that a work plan for stabilizing growth in ten key industries, including steel, non-ferrous metals, and petrochemicals, will be released soon [10] Industry News - The State Administration for Market Regulation conducted administrative talks with Ele.me, Meituan, and JD.com, urging them to adhere to relevant laws and regulations and to engage in rational competition [9] - The MIIT is promoting innovation in future industries such as humanoid robots, the metaverse, and brain-computer interfaces, aiming to lay out new fields and tracks [11] - A joint meeting by MIIT, the National Development and Reform Commission, and the State Administration for Market Regulation focused on regulating competition in the new energy vehicle industry [12] Company News - 1,551 A-share listed companies have released their performance forecasts for the first half of 2025, with 26 companies expecting a net profit increase of over 1,000% year-on-year [3] - Yushutech has initiated its listing counseling with CITIC Securities as the counseling institution [14] - China Shipbuilding Industry Corporation has received approval from the China Securities Regulatory Commission for its absorption and merger with China Shipbuilding Heavy Industry Group [16] - Longhua Automobile reported a net profit of 6.337 billion yuan for the first half of 2025, a year-on-year decrease of 10.22% [19] - Haipuri announced that its innovative drug H1710 has completed the first patient enrollment and dosing in Phase I clinical trials [20]