Core Viewpoint - The collaboration between Boleton and Huawei Digital Energy aims to advance the green and intelligent transformation of the mining industry through a zero-carbon smart mining partnership [1][2][3] Group 1: Partnership Details - Boleton and Huawei Digital Energy have signed a cooperation agreement focusing on zero-carbon smart mining and supercharging for new energy mining vehicles [1] - The partnership is built on a long-term foundation of trust and aims to integrate Boleton's expertise in new energy engineering machinery with Huawei's global advantages in digital energy [1][2] - The collaboration is expected to enhance Boleton's technology in new energy mining vehicle supercharging and energy interconnection systems [2] Group 2: Market Potential - The global transition towards green mining is accelerating, with significant growth potential in the zero-carbon smart mining market [2] - According to the "2025 Smart Mining Blue Book," the market size for smart mining is projected to reach 67 billion yuan by 2025 and exceed 120 billion yuan by 2035 [2] Group 3: Technological Advancements - Boleton has developed a comprehensive technology system in electric and intelligent mining, including electric mining trucks and autonomous driving systems [2][4] - The company has successfully implemented its autonomous mining solutions, significantly improving operational safety and efficiency [4] - Boleton's integrated solution of "photovoltaics + energy storage + charging + electric power" has been successfully deployed in various regions, helping clients reduce energy costs and enhance environmental compliance [5] Group 4: Strategic Goals - The strategic partnership is expected to establish technical standards and market advantages in the emerging field of zero-carbon smart mining [3][6] - Both companies aim to leverage their strengths to create benchmark solutions for the global mining industry's transition to zero-carbon and intelligent operations [6]

上海证券近日发布汽车与零部件行业周报：汽车板块涨跌幅+3.08%，子板块中摩托车及其他表现最 佳，过去一周，沪深300涨跌幅为+2.37%，申万汽车涨跌幅为+3.08%，在31个申万一级行业中排名第 9。 上海证券近日发布汽车与零部件行业周报：汽车板块涨跌幅+3.08%，子板块中摩托车及其他表现最 佳。过去一周，沪深300涨跌幅为+2.37%，申万汽车涨跌幅为+3.08%，在31个申万一级行业中排名第 9。子板块中，摩托车及其他+6.9%、汽车零部件+3.53%、乘用车+2.11%、商用车+1.29%、汽车服 务-1.35%。 以下为研究报告摘要： 市场回顾 吉利汽车25H1营收同比增长27%。吉利汽车公布25H1业绩，实现营收1,503亿元，同比+27%；实现归母 净利润92.9亿元，毛利率提升至16.4%。上半年累计销量140.9万辆，同比+47%，市占率首破10%，其中 新能源销量72.5万辆，同比+126%，渗透率达51.5%。此外，吉利银河系列上半年销量54.8万辆，同比增 长232%。 北汽蓝谷25H1净亏损23.08亿元。北汽蓝谷公布25H1业绩，实现营业收入95.17亿元，同比+154.38% ...

目前，英特尔已被安排获得总计约109亿美元的补贴。按当前市值计算，约10%股份的价值约为105亿美 元。补贴金额足以支付目标股权所需的资金。 据彭博社当地时间18日报道，一位白宫官员及其他知情人士透露，特朗普政府正在讨论收购英特尔公司 约10%的股份，此举或使美国政府成为英特尔的最大股东。 另据《纽约时报》报道，近段时间，特朗普威胁要取消政府补贴，限制数十亿美元的销售额，警告对美 国境外制造的芯片征收高额关税，要求企业进行投资，还曾敦促英特尔公司解雇其首席执行官。报道认 为，这表明特朗普政府正在强势介入芯片行业。 "补贴换股权" 彭博社报道称，美国政府正在考虑对英特尔进行潜在投资，可能将该公司从《芯片与科学法案》(以下 简称"芯片法案")中获得的部分或全部拨款转换为股权。 "美国政府出手拯救一家美国蓝筹公司，这可能意味着英特尔的竞争地位比任何人担心的都要糟糕得 多。"英特尔股东之一的Aptus Capital Advisors的股票和投资组合经理主管瓦格纳表示。 不过，知情人士表示，具体的持股规模以及白宫是否选择推进该计划仍未确定。 白宫发言人未就谈判细节发表评论，仅表示在政府宣布之前，任何协议都不具官方效力 ...

消息面上，康臣药业午间发布截至2025年6月30日止6个月业绩，该集团期内取得收入15.69亿元(人民 币，单位下同)，同比增加23.7%；公司权益股东应占溢利4.98亿元，同比增加24.6%；每股基本盈利0.59 元；拟派发中期股息每股0.33港元，上年同期派0.3港元。 按产品系列分类，肾科系列产品销售较去年同期取得增长约28.0%，其中尿毒清颗粒(尿毒清)仍然是集 团的皇牌产品，维持市场领先地位；妇儿系列产品销售较去年同期增长约17.5%，成为集团收入贡献第 二大板块。 智通财经APP获悉，康臣药业(01681)午后涨超7%，盘中高见14.59港元创上市以来新高。截至发稿，涨 7.57%，报14.5港元，成交额4712.1万港元。 ...

Core Viewpoint - China Aviation Industry Corporation (AVIC) is a leading player in the aerospace sector, focusing on high-tech military and civilian products and services, with a stable growth trajectory and increasing market capitalization [1][2]. Group 1: Company Overview - AVIC is the only flagship company in the Hong Kong capital market specializing in aerospace high-tech military and civilian general products and services [1]. - The company's main business areas include helicopters, trainer aircraft, general aviation aircraft, airborne systems, aviation components, and aviation engineering services [1]. - AVIC has received multiple awards for corporate governance and investment value, including the Outstanding Corporate Governance Award and the Best Listed Company Award [1]. Group 2: Financial Performance - As of the 2024 annual report, AVIC reported total operating revenue of 86.971 billion yuan and a net profit of 2.187 billion yuan [2].

Core Viewpoint - Bank of America Securities reports that JD Health's revenue for the first half of the year increased by 25% year-on-year to 35.3 billion yuan, and adjusted net profit rose by 35% to 3.6 billion yuan, both exceeding expectations [1] Financial Performance - Adjusted operating profit increased by 61% year-on-year [1] - The company has raised its adjusted operating profit forecasts for 2025 to 2027 by 13% to 14% [1] Growth Drivers - Two main factors driving the strong performance in the first half are the increase in offline pharmacy market share and the rise in advertising budgets for healthcare brands [1] Target Price and Ratings - The target price for JD Health has been raised from 50 HKD to 68 HKD, maintaining a "Buy" rating [1] - The company is expected to achieve revenue and adjusted operating profit growth of 15% and 26% respectively in 2026, surpassing Alibaba Health's projected growth of 10% and 22% [1]

高盛发表报告指出，特步国际上半年净利润超出该行预测12%，主要得益于其他收入及收益高于预期， 而核心业务收入符合预期，毛利率、经常性营运利润率略高于高盛预测。公司重申指引，因基于正向销 售增长，预计2025年报表净利润按年增长超过10%，对2025年下半年消费环境持谨慎乐观态度。 该行表示，听取了特步国际的财报简报后，维持对其观点不变。对于特步核心业务，对跑步市场的稳健 增长感到鼓舞。对于Saucony品牌，对其长期销售、盈利能力保持建设性看法。该行将其目标价从7港元 微升至7.1港元，基于2025年预测市盈率13倍，鉴于风险回报仍具吸引力，维持"买入"评级。 ...

消息面上，8月13日，和誉宣布，根据MSCI最新公布的2025年8月指数审议结果，公司凭借持续创新能 力和商业化进展，成功被纳入MSCI全球小盘股指数成分股，相关调整将于8月26日收盘后正式生效。此 次纳入意味着全球被动型基金(如ETF)可能增持和誉股票，进一步提升公司市场流动性与国际关注度。 值得注意的是，8月5日，和誉医药发布业绩，上半年公司实现营收6.12亿元，同比增长23%；利润3.28 亿元，同比增长59%。中金表示，公司业绩超预期，主要由于默克行权收入超预期。花旗则认为，和誉 现估值偏低，这主要基于和誉2款晚期候选药pimicotinib与irpagratinib都具高度确定性，且差异化创新管 线有望实现对外授权。该行预期irpagratinib二线肝细胞癌三期临床试验的成功率极高，其估值应被纳入 考量因素。 和誉-B(02256)盘中涨超9%，高见17.5港元再创新高，月内累计涨幅已超60%。截至发稿，涨6.37%，报 17.03港元。 ...

2025年8月19日(含)起，蔚来100kWh长续航电池包价格从12.8万元下调至10.8万元，电池租用服务费不 变；同时，对于电池升级服务进行部分调整：永久升级服务定价由5.8万下调至3.8万元；电池灵活升级 保持定价不变。 人民财讯8月19日电，8月19日，蔚来品牌调整100kWh长续航电池包(包含400V、900V平台)价格，蔚来 品牌长续航版车型整车购买和电池租用购买起售价同时调整。 ...

Core Viewpoint - The development of the beer industry in China, heavily reliant on imported raw materials, necessitates a stable supply chain, which is being addressed by China Resources Beer through its "National Barley Revitalization" initiative [1][3][7]. Group 1: National Barley Revitalization Initiative - China Resources Beer has successfully established a standardized planting and processing process for domestic barley, enhancing the resilience and safety of the supply chain [3][4]. - The initiative has led to the establishment of over 16,000 acres of standardized planting bases, improving the quality of domestic barley and contributing to local economic growth [4][5]. - The "Keng Fourteen" beer, a product of this initiative, has become a new cultural and tourism symbol for the local area, promoting local consumption [3][4]. Group 2: Economic and Social Impact - The project has increased the barley planting area in Hulunbuir by approximately 50%, boosting local farmers' income and confidence in the domestic barley industry [5][6]. - The initiative aligns with national rural revitalization strategies, creating economic, ecological, and social benefits [4][7]. - The collaboration with local enterprises and experts has resulted in improved barley quality, making it competitive with imported varieties [5][6]. Group 3: ESG Integration - The "National Barley Revitalization" initiative is not merely a planting program but a comprehensive industry upgrade that integrates ESG principles into the entire supply chain [7][8]. - The project aims to enhance supply chain security while reducing carbon emissions through optimized processes and local production [7][8]. - The establishment of the "ESG China National Barley Practice Base" signifies a commitment to sustainable agricultural practices and serves as a model for industry-wide upgrades [8].