Zhongyuan Securities·2025-07-01 03:42Group 1 - The report highlights the macroeconomic support for consumption and innovation in Shenzhen, driven by government policies aimed at enhancing domestic demand and financial support for key sectors [3][17]. - The June PMI data indicates a slight improvement in manufacturing sentiment, with a reading of 49.7%, reflecting a recovery in market demand as evidenced by a new orders index of 50.2% [3][17]. - The report suggests a focus on the consumer sector due to evident policy support and demand recovery, while also recommending attention to the technology growth sector and energy-related investments [3][17]. Group 2 - The recommended stocks for July 2025 include companies across various sectors such as chemicals, food and beverage, computing, new energy, media, defense, electronics, automotive, and telecommunications [4][18][22]. - Specific companies highlighted include YK International (000893.SZ) for its diversified chemical operations, Xianle Health (300791.SZ) for its strong overseas market presence, and Huagong Information (688041.SH) for its leadership in high-end processors [18][22]. - The report provides earnings forecasts and valuations for the recommended stocks, indicating potential growth and investment opportunities in these sectors [21][22].