迷策略(02440)涨超9%，截至发稿，涨9.04%，报3.86港元，成交额645万港元。 消息面上，近日，迷策略宣布与加密货币及稳定币平台MoonPay旗下公司Helio达成战略合作协议。双 方将共同支持由Helio开发的新一代发行平台及代币交易系统Moonit，通过以迷因(Meme)和代币化为核 心的Web3解决方案，积极推动创作者经济革新。 据介绍，Moonit将推出行业首创的AI Meme Money Markets，让用户即时将热门Meme代币化，将文化资 产转化为链上资产。迷策略将为平台提供技术顾问服务和策略指导，并为Moonit物色和推荐知名创作者 及9GAG等具有庞大创作者网络的数字平台，壮大项目发展。 ...

管理层提到下游总体韧性强，关税影响可控。受AI服务需求激增影响，PMIC产品再次增长强劲，同比 增59.5%，模拟/PMIC平台营收占比为28.5%，同比扩7.4ppts。管理层提到相关的BCD平台需求或为之前 产能供应的两倍。虽有部分其他平台产能或可灵活转换，但或需要到2025年底或2026年初才能实现工序 平衡。总体产能方面，管理层提到九厂装机2025年底或完成80-90%，2026年中全部完成。 该行推算九厂在1H25已经完成2.5万片每月产能爬坡，该行预测公司产能爬坡速度或快于该行之前预测 (2025年完成4万片每月爬坡)，这或许是一方面如管理层在1Q25业绩会提及的增效需要，另一方面更重 要的或是满足热门PMIC产品快速上升的需求。该行上调公司2025年底9厂产能预期至每月5万片12寸产 能，并保持之后2.5万片每六个月的产能爬坡速率，在3Q26完成所有8.3万片规划产能爬坡并贡献收入。 同时该行认为PMIC产品多为12英寸，或帮助公司进一步稳定ASP。 交银国际发布研报称，考虑到华虹半导体(01347)大多数平台产品价格的积极变化，该行看到公司毛利 率在2Q25反转了之前下跌的趋势。该行预测3Q2 ...

该行续指，面对行业供需过剩现状，光伏玻璃环节已开始自发调整，开启新一轮减产行为。供应端持续 缩减，叠加主材价格调涨，组件环节囤货积极性提升，近期光伏玻璃环节库存呈下降趋势，带动8月新 单价格上调。随着反内卷进程持续推进，下半年光伏玻璃价格有望触底回升，带动环节盈利能力修复。 华创证券发布研报称，2025H1信义光能业绩整体符合预期，上半年公司光伏玻璃业务销售量(以吨计)同 比增长17.5%，实现营收94.74亿元，同比减少7.3%，毛利率为11.4%。上半年销量增长但盈利能力仍然 阶段性承压，主要系光伏玻璃售价同比大幅下降，以及闲置产能固定成本影响。从销售区域来看， 2025H1光伏玻璃业务海外地区营收占比提升至31.6%，其中北美及欧洲等高溢价区域营收占比达8.1%， 较2024年提升5.8pct。 信义光能(00968)涨超5%，截至发稿，涨5.06%，报3.32港元，成交额1.21亿港元。 ...

摩根士丹利发布研报称，由于2025年第二季度税率波动及少数股东权益的影响，将华虹半导体 (01347)2025年每股盈测下调10%。同时，受惠于12英寸晶圆价格上涨推动的毛利率扩大，将2026-2027 年每股盈测分别上调3%和2%。基于上述每股盈利预测的变动，大摩基于模型从2025年，调整至2025年 下半年至2026年上半年，并上调目标价11.8%，由34港元升至38港元，维持"与大市同步"评级。 ...

Core Viewpoint - Yuran Agriculture has achieved a significant improvement in its ESG rating, now reaching AA level, reflecting its strong performance in sustainable development and recognition in the capital market [1][3]. Group 1: ESG Rating and Recognition - Yuran Agriculture's ESG rating has jumped to AA level, marking its second consecutive improvement [1]. - The company has been included in the "S&P Sustainability Yearbook (China Edition)" for two consecutive years, ranking among the top 10% of Chinese companies in the S&P Global CSA 2024 scoring [1]. - The ratings from both international and domestic authoritative institutions demonstrate Yuran Agriculture's industry-leading ESG performance [1][3]. Group 2: Environmental Initiatives - Yuran Agriculture integrates green and low-carbon strategies into its core business operations, setting a goal to achieve carbon peak by 2030 and carbon neutrality by 2050 [5]. - The company has implemented various green energy technologies, including AI spraying, "pasture-solar complementary" systems, and biogas power generation [5]. - Yuran Agriculture has introduced electric milk transport vehicles and established several low-carbon facilities, including a zero-carbon feed factory and a low-carbon dairy farming demonstration farm [5]. Group 3: Social Responsibility - The company prioritizes its employees as core assets, fostering a supportive workplace environment through various initiatives [9]. - Yuran Agriculture promotes local employment for farmers and has developed a cooperative model with surrounding farmers, enhancing the scale of forage planting [9]. - The innovative "straw-to-milk" program has helped local farmers increase their income, benefiting around 300,000 farmers [9]. Group 4: Governance and Risk Management - Yuran Agriculture emphasizes compliance and risk management, continuously improving its governance structure and internal controls [12]. - The company has integrated ESG risks into its overall risk management framework, ensuring robust operational stability [12]. - Over the past three years, Yuran Agriculture's total revenue has increased from 18.051 billion to 20.096 billion yuan, reflecting an 11.3% growth [12].

消息面上，非凡领越发布盈喜，集团预计2025年上半年度的公司权益持有人应占溢利较去年同期增长不 少于50%。权益持有人应占溢利的增长主要由于集团于期内持续加强成本控制措施，以致运营效率提 升。 非凡领越(00933)涨超5%，截至发稿，涨5.26%，报0.6港元，成交额119.74万港元。 ...

消息面上，非凡领越发布盈喜，集团预计2025年上半年度的公司权益持有人应占溢利较去年同期增长不 少于50%。权益持有人应占溢利的增长主要由于集团于期内持续加强成本控制措施，以致运营效率提 升。 智通财经APP获悉，非凡领越(00933)涨超5%，截至发稿，涨5.26%，报0.6港元，成交额119.74万港元。 ...

据介绍，Moonit将推出行业首创的AI Meme Money Markets，让用户即时将热门Meme代币化，将文化资 产转化为链上资产。迷策略将为平台提供技术顾问服务和策略指导，并为Moonit物色和推荐知名创作者 及9GAG等具有庞大创作者网络的数字平台，壮大项目发展。 智通财经APP获悉，迷策略(02440)涨超9%，截至发稿，涨9.04%，报3.86港元，成交额645万港元。 消息面上，近日，迷策略宣布与加密货币及稳定币平台MoonPay旗下公司Helio达成战略合作协议。双 方将共同支持由Helio开发的新一代发行平台及代币交易系统Moonit，通过以迷因(Meme)和代币化为核 心的Web3解决方案，积极推动创作者经济革新。 ...

华检医疗(01931)早盘涨超20%，盘中高见9.48港元再创新高，截至发稿，涨15.05%，报9.02港元，成交 额794万港元。 消息面上，华检医疗发布公告，经董事会决议通过，本公司已于近日，与全球领先的数字资产金融服务 集团HashKey Group(HashKey集团)签订了全球战略合作框架协议(框架协议)，旨在通过双方的紧密合 作，加速本集团"全球增强版以太坊(ETH)金库"战略的落地实施，并为双方的全球客户提供更加高效、 安全、合规的数字资产服务。 根据框架协议，并在遵守适用法律法规及香港联合交易所有限公司证券上市规则的前提下，此次合作将 充分利用HashKey集团的全牌照合规生态体系，为本集团提供一站式的数字资产管理服务，包括但不限 于以太坊(ETH)的大宗交易执行与成本优化、全球市场流动性支持，以及探索加密资产储备与实体经济 资产(特别是医疗创新药知识产权RWA)的融合路径。 通过与HashKey集团的合作，本集团将能够更高效地管理以太坊(ETH)储备，优化交易成本，并在全球 范围内获取更广泛的市场资源与技术支持。 ...

Core Viewpoint - The company, 巨星传奇, issued a profit warning, expecting a significant decline in net profit for the first half of the year, primarily due to losses in equity investments [1] Financial Performance - The company anticipates net profit not exceeding 8.5 million RMB, a decrease of approximately 67% compared to 25.5 million RMB in the same period last year [1] - Excluding non-operating impacts, the adjusted comprehensive profit is expected to be no more than 28 million RMB, reflecting an increase of up to 9.8% year-on-year [1] Strategic Transformation - The company is actively pursuing a strategic transformation in its IP business, driven by explosive growth in the IP industry [1] - Although this transformation may impact short-term performance, it is aimed at establishing a solid foundation for high-quality long-term development [1] - The company is making steady progress in business expansion and strategic deployment, with short-term performance fluctuations being restructured by long-term value creation [1] Future Outlook - In the second half of the year, the company plans to accelerate the development of self-operated IP products and expand channels such as robot stores and IP physical stores [1] - The company aims to continuously optimize operational management and solidify its industry position in IP creation and operation, building a company with long-term investment value [1]