每日投资策略-20250730

Core Insights - The report highlights the mixed performance of the Chinese stock market, with A-shares showing potential for greater rebound compared to Hong Kong stocks due to economic rebalancing policies [2] - The report emphasizes the strong growth in the CDMO sector driven by robust demand for commercial production in the pharmaceutical market post-COVID-19 [4] - The report indicates that WuXi AppTec (药明康德) has shown impressive revenue growth despite macroeconomic uncertainties, with a 20.6% year-on-year increase in revenue for the first half of 2025 [3][4] Industry Analysis - The WAIC conference showcased trends in technology innovation, with companies like Tencent and JD.com accelerating their AI applications and open-source ecosystems [3] - The report notes that the demand for AI applications, particularly in the fields of robotics and autonomous driving, is expected to support the growth of cloud services in the internet sector [3] - The semiconductor industry is highlighted with Samsung's significant investment in the U.S. for advanced chip packaging, which could challenge TSMC's dominance [2] Company Analysis - WuXi AppTec's TIDES revenue surged by 141.6% year-on-year, prompting management to raise the full-year revenue growth forecast from 60% to 80% [4][5] - The company has seen a 37.2% year-on-year increase in its order backlog, particularly in the TIDES business, indicating strong future demand [5] - WuXi AppTec's management has adjusted its full-year guidance, expecting a 13-17% growth in continuous operating revenue, reflecting strong business execution [3][6]