Huan Qiu Wang·2025-07-30 02:16Summary of Key Points Core Viewpoint - The performance of listed companies in the first half of the year significantly influenced the adjustments in stock ratings by brokerages, with 25 stocks upgraded and 26 downgraded in July, alongside the first coverage of 273 stocks by brokerages [1][3]. Group 1: Rating Adjustments - Three stocks, including StarNet and Small Commodity City, received simultaneous upgrades from two brokerages [3]. - Seventeen stocks were upgraded from "Hold" to "Buy," with four stocks, including Ecovacs and Jieshun Technology, receiving a "Strong Buy" rating [3]. - Twenty-six stocks were downgraded due to performance factors, with sixteen downgraded from "Buy" to "Hold" and three from "Recommended" to "Underperform" [3]. Group 2: Brokerage Coverage Expansion - The brokerage research coverage expanded significantly, with 273 stocks covered for the first time in July [3]. - Four stocks, including New Times and Yingshi Innovation, received attention from four brokerages, while five stocks, including Defu Technology, were covered by three brokerages for the first time [3]. Group 3: Stock Recommendations - A total of 640 stocks received a "Buy" rating, with Dongpeng Beverage recommended by 26 brokerages and three stocks, including Sailis and Ecovacs, favored by 13 brokerages [3]. - Institutions like China Merchants Securities and Founder Securities cited the mid-year performance of Dongpeng Beverage and Sailis as a key reason for maintaining a "Strong Buy" rating [3]. Group 4: Industry Performance - The electronics sector led with 92 stocks, followed by pharmaceuticals, machinery, and basic chemicals [3]. - Analysts predict that industries with strong mid-year performance, such as light industry and non-ferrous metals, will likely see better market performance from July to August, with significant improvements expected in construction materials and electronics [3].