早新闻 | 创新药，利好来了！

Macro Highlights - The People's Bank of China reported that as of the end of July 2025, the broad money supply (M2) reached 329.94 trillion yuan, reflecting a year-on-year growth of 8.8% [1] - The narrow money supply (M1) stood at 111.06 trillion yuan, with a year-on-year increase of 5.6% [1] - In the first seven months of 2025, net funds injected amounted to 465.1 billion yuan, with RMB loans increasing by 12.87 trillion yuan and deposits rising by 18.44 trillion yuan [1] - As of the end of July 2025, the total social financing stock was 431.26 trillion yuan, showing a year-on-year growth of 9% [1] Company News - Chipbond Technology is planning to issue H-shares and list on the Hong Kong Stock Exchange [7] - *ST Tianmao intends to voluntarily terminate its listing through a shareholder resolution, with trading suspension starting from the 14th [8] - Jiangfeng Electronics is planning to integrate its flat panel display target material business with Japan's Aifake Corporation [9] - *ST Baoshi's controlling shareholder plans to change to Ningxia Electric Investment Group [10] - Great Wall Military Industry may apply for a trading suspension if its stock price continues to rise [11] Financial Performance - Harbin Electric achieved a net profit of 380 million yuan in the first half of the year, representing a year-on-year increase of 233.08% [12] - Dongfang Precision Engineering reported a net profit of 397 million yuan in the first half, up 142.52% year-on-year [12] - Aiwei Electronics posted a net profit of 157 million yuan in the first half, reflecting a year-on-year growth of 71.09% [12] - Dingyang Technology's net profit for the first half was 76.88 million yuan, marking a year-on-year increase of 31.54% [12] - China Shipbuilding Industry's net profit for the first half was 57.09 million yuan, down 6.61% year-on-year [12] - Youyan Silicon's net profit for the first half was 106 million yuan, down 18.74% year-on-year [12] - Yanzhou Coal's net profit is expected to decrease by approximately 38% year-on-year [12] - Aolaide's net profit is projected to decline by 68.41% to 72.77% year-on-year [12]