财信证券晨会纪要-20250702

Market Overview - The A-share market experienced a positive start in July, with the Shanghai Composite Index closing at 3457.75, up by 0.39%, and the Shenzhen Component Index closing at 10476.29, up by 0.11% [4][7] - The overall market sentiment showed a divergence in performance among different sectors, with the banking sector performing strongly while hard technology sectors faced declines [9][10] Industry Dynamics - The National Healthcare Security Administration and the National Health Commission issued measures to support the high-quality development of innovative drugs, including 16 specific initiatives aimed at enhancing R&D support, improving access to insurance, and optimizing clinical application processes [27][28][30] - Shandong Province released an action plan for the high-quality development of the robotics industry, targeting a manufacturing scale exceeding 50 billion yuan by 2027 and focusing on key technology innovations [31][33] - Beijing's market regulators published guidelines for cosmetic advertising to ensure compliance and protect consumer rights, emphasizing the need for accurate and responsible advertising practices [34] Company Updates - Liyuanheng (688499.SH) is progressing with its sulfide solid-state battery project, expected to be delivered before Q3, with revenue recognition pending customer acceptance [38] - Weisheng Information (688100.SH) has repurchased 3.5864 million shares, totaling 128 million yuan, as part of its share buyback plan [40]