2 1 Shi Ji Jing Ji Bao Dao·2025-08-18 23:57Market Performance - On August 18, the A-share market saw significant gains, with multiple indices reaching new highs, including the Shanghai Composite Index, which hit a nearly 10-year high and closed above 3700 points. The market turnover exceeded 2.8 trillion yuan, and the total market capitalization of A-shares surpassed 100 trillion yuan for the first time. The Shanghai Composite Index rose by 0.85% to 3728.03 points, the Shenzhen Component Index increased by 1.73%, and the ChiNext Index climbed by 2.84%. The North Star 50 surged by 6.79%, setting a historical high [1]. Investment News - As of August 16, a total of 636 state-controlled listed companies disclosed merger and acquisition plans, totaling 1029 deals, representing a year-on-year increase of 10.29%. Among these, 32 were significant asset restructurings, up 68.42% year-on-year. This trend is attributed to favorable policies and accelerated professional integration of state assets, leading to a faster aggregation of quality resources towards listed companies [4]. - The Shanghai Stock Exchange reported that one new company was accepted for the Sci-Tech Innovation Board last week. As of August 17, there have been 179 new IPO applications this year [5]. - There is a noticeable "see-saw" effect in the stock and bond markets, with major interest rates on bonds rising by 2-6 basis points. The yield on 30-year government bonds reached a new high since March 18, while government bond futures fell across the board, with the main contract for 30-year bonds dropping by 1.33%, marking a new closing low since March 24. The yield on "two perpetual bonds" from banks also rose significantly by 8-11 basis points [5]. - Recent reports indicate that various funds, including public funds, private equity, insurance capital, and foreign investments, are actively entering the market, showing a clear trend of funds migrating from bank deposits to equity markets, alongside an increase in share buyback funds from listed companies [5]. Company Developments - China Shipbuilding announced that its stock will resume trading on August 19 [6]. - China Shipbuilding Industry Corporation's stock was voluntarily delisted from the exchange [6]. - Gree Electric's market director responded to claims that Xiaomi surpassed Gree in online sales in July, stating that Gree still maintains a leading position under the same query conditions [6]. - Leap Motor reported a revenue of 24.25 billion yuan for the first half of the year, a year-on-year increase of 174%, with a gross margin of 14.1%, the highest since the company's establishment. The company also reported a strong cash position of 29.58 billion yuan and maintained positive operating and free cash flows [6]. - Jintian Co., Ltd. reported a revenue of 59.294 billion yuan for the first half of the year, a year-on-year increase of 2.46%, and a net profit of 373 million yuan, up 203.86%. The company improved its operational efficiency through digital transformation, enhancing product gross margins and profitability [6]. - Huasheng Tiancheng reported normal production and operational activities, with no significant changes in its main business [6].