跨境通宝电子商务股份有限公司 2025 年半年度业绩预告 本公司及董事会全体成员保证信息披露的内容真实、准确和完整，没有虚假记载、误 导性陈述或重大遗漏。 一、本期业绩预计情况 1.业绩预告期间：2025 年 1 月 1 日-2025 年 6 月 30 日 证券代码：002640 证券简称：跨境通 公告编号：2025-038 三、业绩变动原因说明 2025年半年度，公司亏损主要系出口业务自营平台推广投入减少，收入下降导致利润减 少。 四、其他相关说明 本次业绩预告是公司财务部门初步测算的结果，具体财务数据以公司披露的2025年半年 度报告为准，敬请广大投资者注意投资风险。 特此公告。 跨境通宝电子商务股份有限公司董事会 2.业绩预告情况：预计净利润为负值 | 项目 | 本报告期 | 上年同期 | | --- | --- | --- | | 归属于上市公司股东的净利润 | 亏损：400 万元-750 万元 | 亏损：1,138.42 万元 | | 扣除非经常性损益后的净利润 | 亏损：400 万元-750 万元 | 亏损：2,393.62 万元 | | 基本每股收益 | 亏损：0.0025 元/股-0.0048 ...

跨境通（002640）公告，预计2025年上半年净利润亏损400万元-750万元，上年同期为亏损1138.42万 元。 ...

New Stock Issuance - Shanda Electric (Stock Code: 301609) issued at a price of 14.66[1] - Jiyuan Group (Stock Code: 732262) issued at a price of 10.88[1] Market Alerts - Jichuan Pharmaceutical (Stock Code: 600566) has a tender offer period from June 18, 2025, to July 17, 2025[1] - The last trading day for Tuisan Jinguang (Stock Code: 600190) is July 14, 2025, with 4 trading days remaining[1] - The last trading day for Tuisan Jinjing (Stock Code: 900952) is also July 14, 2025, with 4 trading days remaining[1] Abnormal Fluctuations - *ST Zitian (Stock Code: 300280) reported severe abnormal fluctuations on July 10, 2025[1] - *ST Yushun (Stock Code: 002289) reported abnormal fluctuations on July 11, 2025[1] Other Notable Announcements - Longyuan Green Energy (Stock Code: 603185) announced on July 11, 2025[1] - Kedi Pharmaceutical (Stock Code: 000590) announced on July 14, 2025[1]

Core Insights - The report indicates a "relatively hot" market sentiment with a composite score of 74, suggesting a positive outlook for the market [6][9]. - Recent policy support and improved market sentiment have led to a gradual upward trend in the market [9]. Market Themes Tracking - **Data Theme**: The National Data Bureau and the State Administration for Market Regulation have introduced measures to enhance data circulation efficiency, potentially increasing efficiency by 30% [7]. - **Cross-Border Payment Theme**: The People's Bank of China has simplified conditions for foreign institutions to participate in the Renminbi cross-border payment system, reflecting China's commitment to promote the global use of the Renminbi [7]. - **Innovative Drug Theme**: The National Healthcare Security Administration and the National Health Commission have issued measures to support the high-quality development of innovative drugs, emphasizing the use of healthcare data in drug development [7]. Market Capital Flow - The report lists the top ten stocks with the highest net inflow, with Dongfang Caifu (300059.SZ) leading at 159,736.05 million [10]. - The report also highlights the top ten stocks with the highest net outflow, with Tianfu Communication (300394.SZ) showing a net outflow of -61,119.45 million [12]. Industry Analysis - The non-bank financial sector has seen significant net buying, indicating investor optimism [19]. - Conversely, the food and beverage sector has experienced substantial net outflows, suggesting a bearish sentiment among investors [17].

Investment Rating - The report does not explicitly state an investment rating for the industry, but it suggests a positive outlook for certain segments within the consumer sector, particularly in tea and restaurant brands due to competitive advantages from recent market dynamics [3][5]. Core Insights - The "takeout war" is benefiting leading tea and restaurant brands as major platforms like Meituan and Taobao are launching aggressive subsidy campaigns to capture market share in instant retail, with significant investments in the hundreds of billions [5][3]. - Beijing's recent consumer stimulation measures are expected to create investment opportunities in the home appliance and cultural tourism sectors, with policies aimed at enhancing consumer confidence and driving demand [5][3]. Summary by Sections Market Weekly Review - The consumer sector, excluding home appliances, saw an overall increase in stock prices, with notable weekly gains in various segments such as retail (+2.20%) and social services (+2.11%) [5][7]. - Leading stocks in the consumer sector included Liangpinpuzi (+13.12%) and Guoyi Tendering (+70.62%), while stocks like Xin Dairy and Bei Yikang faced declines [5][14]. Industry News and Key Company Announcements - The report highlights the launch of a nationwide "Elderly Service Consumption Season" aimed at improving the quality of life for seniors, which may enhance demand in related sectors [16][17]. - Beijing's government has introduced a comprehensive plan to boost consumption, including policies for upgrading home appliances and promoting tourism, which could benefit companies in these industries [17][18]. - Key company announcements include positive earnings forecasts from Zhujiang Beer, which expects a net profit increase of 15%-25%, and Lianhua Holdings, projecting a significant profit growth of 58.67%-68.59% [19][20].

Market Overview - A-shares experienced a rebound with the Shanghai Composite Index reaching a new high of 3550 points on July 11, 2023, marking a 1.09% increase for the week [1][5] - The total market turnover on July 11 was 1.74 trillion yuan, the highest in over three months, with a significant increase of 221.5 billion yuan compared to the previous trading day [2][4] - The overall market saw 2960 stocks rise, with 68 hitting the daily limit up, while 2206 stocks declined [2] Sector Performance - Non-bank financials, computers, and steel sectors led the market gains, with respective increases of 2.02%, 1.93%, and 1.93% [2] - The real estate, steel, and non-bank financial sectors were the top performers for the week, with gains of 6.12%, 4.41%, and 3.96% respectively [3][5] - The rare earth permanent magnet sector saw significant activity, with companies like Northern Rare Earth and Baotou Steel hitting the daily limit up following positive earnings forecasts [3] Fund Flow and Investor Sentiment - Despite the market rebound, there was a cautious sentiment among investors, with a net outflow of over 14 billion yuan from the main funds on July 11 [4] - The computer, non-bank financial, and non-ferrous metal sectors saw the largest net inflows, amounting to 36.91 billion yuan, 32.78 billion yuan, and 7.22 billion yuan respectively [4] - The overall market capitalization of A-shares reached 102.11 trillion yuan, setting a new historical high [4] Future Outlook - Analysts suggest that the market is likely to continue its upward trend, driven by steady volume release and potential inflow of new capital [5][6] - There is an expectation of a new phase of market growth in the second half of the year, with a focus on sectors such as consumption, technology, and dividend stocks [6]

The provided content does not contain any quantitative models or factors, nor does it include their construction, evaluation, or backtesting results. The documents primarily focus on market performance, sector analysis, ETF premiums/discounts, institutional activity, and other market-related data. There are no references to quantitative models or factors in the provided text.

Market Overview - On July 11, the A-share market saw all three major indices rise, with total trading volume reaching 1.71 trillion yuan, the highest since March 15, and over 2900 stocks increased in value [1] - Market focus was on sectors such as rare earth permanent magnets, large financials, non-ferrous metals, and CRO concepts [1] Stock Performance - A total of 61 stocks hit the daily limit up, with 17 stocks achieving consecutive limit ups, and a limit up rate of 69% (excluding ST and delisted stocks) [3] - Notable stocks included: - Sifang New Material with a five-day consecutive limit up [3] - Jingyi Co. and Yamaton with eight days of five consecutive limit ups [3] - Lianhuan Futures and Shangwei New Material with three consecutive limit ups [3] Key Stocks and Trading Data - **Sichuan Wisdom (300066)**: Price increased by 20.09% to 5.50 yuan, with a trading volume of 198.8 million [4] - **Guochuang Technology (300221)**: Price increased by 20.04% to 12.22 yuan, with a trading volume of 81.21 million [4] - **Jiujiu Changke (300631)**: Price increased by 20.02% to 28.96 yuan, with a trading volume of 22.537 million [4] - **Guorui Technology (300600)**: Price increased by 20.01% to 16.73 yuan, with a trading volume of 55.38 million [4] - **Haoou Bo (888888)**: Price increased by 20.00% to 156.47 yuan, with a trading volume of 46063 [4] Institutional Trading - The top three net buying stocks on the daily leaderboard were: - Fushun Special Steel with a net buy of 247 million yuan [6] - Guorui Technology with a net buy of 190 million yuan [6] - Shanghai Steel Union with a net buy of 174 million yuan [6] Sector Highlights - **Rare Earth Sector**: The price of rare earth concentrate was adjusted to 19,109 yuan/ton, a 1.5% increase from the previous quarter, marking the fourth consecutive quarter of price increases [24] - **Guorui Technology**: The company is a key supplier in the military and new energy ship sectors, with a focus on precision sheet metal processing in the new energy field [14][17] - **Shanghai Steel Union**: The company focuses on big data for commodities and AI applications, with significant trading activity noted [18] Company Financials - **China Rare Earth**: Reported a 141.32% year-on-year increase in revenue for Q1 2024, amounting to 728 million yuan, and a net profit of 72.62 million yuan, marking a return to profitability [26] - **Guorui Technology**: The company is set to remove risk warnings from its stock, enhancing its market position [17] Trading Trends - The trading volume and turnover rates for several stocks indicated strong market interest, with Shanghai Steel Union achieving a turnover rate of 25.57% and a trading volume of 21.10 billion yuan [18] - The overall market sentiment was positive, with significant movements in various sectors, particularly in rare earth and military-related stocks [24][14]

跨境通（002640）今日涨0.50%，成交额40.72亿元，换手率49.95%，盘后龙虎榜数据显示，深股通专用 席位买入1.04亿元并卖出2.10亿元，1家机构专用席位净买入3753.38万元。 ...

Investment Rating - Industry Rating: Outperform the market (maintained rating) [4] Core Insights - The current market rally differs significantly from the "924 rally" due to external policy catalysts, with the focus on structural reforms rather than broad macroeconomic policies [2][3] - The recent market uptrend is driven by internal dynamics rather than external stimuli, indicating a self-sustaining upward movement in indices due to continuous inflow of incremental capital [3] - The report emphasizes the importance of structural policy-driven investment opportunities, highlighting three key areas: brokerage sector recovery, stablecoin-driven RMB internationalization, and Hong Kong stock valuation recovery amid US interest rate cut expectations [3] Summary by Sections Section 1: Market Performance - On July 11, 2025, the brokerage index rose by 3.96%, the diversified financial index increased by 2.37%, and the Shanghai Composite Index gained 1.05% [1] Section 2: Policy Catalysts - The "924 rally" was primarily driven by macroeconomic policies, while the current rally is characterized by specific structural reforms aimed at improving market expectations [2] - Key catalysts include the passage of the Stablecoin Regulation in Hong Kong and various financial policy announcements aimed at stabilizing the market [2] Section 3: Investment Opportunities - Focus on three investment opportunities: 1. Brokerage sector recovery with a recommendation for companies like Zhihui Compass, Dongfang Caifu, and Guotai Junan [3] 2. Companies benefiting from RMB internationalization such as Zhongyou Capital, Yika, and Kuaijingtong [3] 3. Hong Kong stock valuation recovery with a focus on Guoyin Jinzu and Hong Kong Stock Exchange [3]