中证网讯近期，光伏行业在政策面利好叠加行业自律预期推动，板块情绪回暖，同时"反内卷"驱动下， 多晶硅和工业硅价格快速反弹，上证180指数成分股中的大全能源、通威股份（600438）、天合光能以 及合盛硅业（603260）等光伏产业龙头企业涨幅扩大，带动指数快速上行。 上证180指数是兼顾科技成长和红利资产的沪市核心宽基指数，相比沪深300和中证A500等主流宽基产 品，目前上证180指数有着更低的估值水平和更高的股息率。此外，上证180指数中以科创板为代表的科 技板块权重更高。当前市场呈现明显的哑铃特征，分红和成长两个风格表现较优，上证180指数恰是兼 顾高分红资产和成长板块，是当前市场环境下优质的宽基选择。投资者可持续关注上证180指数的配置 价值，通过兴业上证180ETF(530680)及其联接基金(A类：023148，C类：023149)，布局A股市场的中长 期投资机会。(万宇) 关税问题逐步落地后，兴业基金研判认为，海外风险对中国市场的影响将进一步减小，三季度A股市场 将有一段以国内因素和企业业绩主导的相对平稳的时间窗口。目前市场对三季度中报行情乐观，因此投 资者可根据自身投资需求稳步加大对A股市场的 ...

每日市场观察 2025 年 7 月 11 日 【今日关注】 此前关于反内卷高级别会议之后，近日硅片企业又普遍上调硅片报价， 光伏板块在初步上涨之后绝对位置仍然不高，兼具较高的赔率和安全 度。近一阶段稀土行业反复活跃，行业龙头业绩增幅明显，随着后续 行业优化监管，中美之间关系的缓和，以及新能源汽车、机器人、风 电等行业预期向好，行业景气度有望继续改善。 【市场回顾】 市场概况：7 月 10 日，市场午后冲高回落，三大指数小幅上涨，沪指 重回 3500 点上方。截至收盘，沪指涨 0.48%，深成指涨 0.47%，创业 板指涨 0.22%。 【资金面】 主力资金流向：7 月 10 日，上证净流入 212.76 亿元，深证净流入 97.79 亿元。行业板块方面，主力资金流入前三的板块为证券、房地产开发、 化学制药，主力资金流出排名前三的板块为元件、游戏、汽车零部件。 【消息面】 1.北京：拓宽财产性收入渠道 鼓励上市公司合理提高分红率 周四主要市场指数收涨，成交额 1.52 万亿，比上一交易日小幅减少约 100 亿。行业过半数上涨地产、石油、钢铁、金融等行业涨幅居前，汽 车、传媒、军工等行业小幅下挫。 金融板块对指数 ...

Group 1 - The upcoming disclosure of mid-year reports by listed companies is expected to become a mainstream market focus, with Zhongyan Chemical set to report on July 15 [1] - Companies with significantly better-than-expected performance, such as Huayin Power with a projected increase of over 40 times in earnings, have seen substantial stock price increases, with a 76.72% rise in July [1] - Investors are advised to focus on companies with sustained earnings growth during the mid-year report season, particularly in sectors like artificial intelligence, biomedicine, machinery, and Huawei's supply chain [1] Group 2 - Investors should pay attention to companies with large absolute net profit increases, while also considering the sustainability of future earnings growth and valuation levels [2] - The market is expected to maintain a slow bull trend in the second half of the year, with a focus on blue-chip stocks in banking, non-bank financials, and high-dividend sectors [2] - Investment strategies should consider three main lines: sectors with mid-year report highlights like gold and technology hardware, high-growth opportunities less affected by economic cycles such as the AI industry, and industries that have achieved supply-side clearing in a mild recovery environment [2]

沪指成功站稳3500点，大金融成为核心推动力。今日券商、银行携手上攻，百亿银行ETF（512800）场 内一度上探近1.8%，连续刷新上市以来新高，国有四大行等多股批量突破。 | 分时 多日 · 综合屏 F9 前期权 超级看加 回线 工具 份 (7 > | | | | | 银行ETF O | | | --- | --- | --- | --- | --- | --- | --- | | 512800.SHI假行ETF] 2025/07/10 收0.906 幅1.23%(0.011 开0.89@ MAS 0.8951 MATO 0.8801 MA20 0.8661 MA60 0.8177 MA120 0.7831 ▼ @ | | 0.906 +0.011 +1.23% | | | 512800 | | | | | SSE CNY 15:00:13 厨市 | | | | 通服 × Q + | | 0.917- 0.910 | 净值走势 | | 华宝中证候行ETF | 全加 21.95% 120日 | | 22.78% | | | 要比 | 77.11% 委差 | 267258 | 5日 | 3.72% 250日 ...

部分个股发布业绩预增公告次日迎来股价大涨，反映场内资金正围绕中报行情做文章。 A股半年报拉开大幕。Wind数据显示，有54家上市公司已发布2025年半年报业绩预告，21家预增、11家略增、4家续盈、3家扭亏、2家略减、5家首亏、1家 续亏、3家预减，另有4家不确定。 大盘上半年持续走强、题材板块炒作层出不穷的情况下，上市公司的半年度业绩表现备受关注。截至目前，有16家上市公司预计上半年净利润最高增幅超过 100%，主要来自生物医药、电子、机械设备、电力等行业，有部分个股发布公告次日迎来股价大涨，反映场内资金正围绕半年报行情做文章。 市场风格持续轮动之际，AI、半导体为代表的TMT板块陆续出炉了多份业绩预告，同比增长的业绩表现反映产业发展趋势不改。二季度以来，科技板块估 值持续消化，本次半年报的业绩兑现情况或成为投资者布局科技板块的重要信息抓手。 净利润高增股公告后股价大涨 A股向来有"靓女先嫁"的现象，较早发布业绩预告的公司通常有亮眼的业绩表现。 本周，南京商旅、孩子王、诺泰生物等19只个股发布业绩预告，其中业绩预增股达10只，华银电力（600744.SH）净利润预测同比增长4423.07%，业绩预增 幅度暂 ...

我们在周五的推送中已经对细节做了复盘：当天从下午开盘时的3475.24点，到13:24的3497.22点，再到14:10的最低3466.55点，最终收于3472.32点，几乎 是"白涨了"。 刚过去的交易周（6月30日至7月4日），沪指盘中多次创出年内新高，并挑战3500点大关。但市场内部如同复杂的拼图，每次涨的有点"上头"的时候，就 会往均线上"踩一踩"。 这样的表现在周五最为明显，当天沪指试图上冲3500点无功而返。 | 5分 15分 30分 60分 日 周 月 更多 F9 不复权 超级营加 画线 工具 © | | 全A平均股价 | | 8841719 | | --- | --- | --- | --- | --- | | 平均股价】 2025/03/24 收21.69 幅-0.91%(-0.20) 开21.87 高21.93 低21.25 换1.78% 振3.11% 额1.47万亿 | | | | | | | | | | -0.17 -0.78% | | 10 21.511 MA20 21.031 MA60 21.341 MA120 20.761 MA250 18.651 2025/02/26-2025 ...

中报窗口期开启 ， 价值兑现正当时 虽然基本面是价值的根基 ， 是 价格的中长期锚点，但市场情绪、政策催化等因素 又 常 常 主导短 期波动，导致投资者有时低估了基本面信息对股价的即时冲击力。例如，近期某公司发布中报利润高 增长 的 预告后，其股价应声而涨，清晰地印证了中报业绩对短期股价的显著影响力。 聚焦当下的中报披露期，正是基本面变化对股价产生短期显著影响的关键时刻。回顾过去两年，超 3400份中报业绩预告的数据提供了有力佐证：业绩预喜的公司，在预告发布后的5个交易日内，股 价表现持续领先大盘；相反，业绩下滑（如首亏、预减）的公司，其股价则持续落后于大盘。 因此，中报不仅是公司价值的试金石，更是短期内撬动股价的重要杠杆。投资者需高度重视这一窗口 期，从中报数据中捕捉公司价值变化带来的投资机会。 随着上半年交易收官，市场表现已成定局 ，万得全 A创出近5年最佳上半年涨幅。市场赚钱效应 也 吸引大量新股民跑步入场， 6月，A股市场新开户数达165万户，同比增长53%。 进入 7 月，上市公司中报披露窗口期正式开启，公司的真实价值将通过这份 "期中成绩单"得到展 现，基本面的变化将成为驱动未来一段时间股价变动的 ...

Core Viewpoint - The A-share listed companies have shown positive performance in their half-year reports, with a significant proportion of companies expecting profit growth, driven by various factors including international market expansion and cost reduction measures [1][2][3]. Group 1: Performance Forecasts - Out of 26 companies that announced their performance forecasts, approximately 77% are expected to report positive results, with 9 companies anticipating "slight growth," 6 "increased growth," 4 "continued profit," 1 "turning profitable," and 1 "slight decrease" [2][3]. - Companies such as Guangda Special Materials and Shengnuo Bio are expected to see net profit increases exceeding 100% [2][5]. - The industries with the highest concentration of companies expecting positive results include pharmaceuticals, semiconductors, and hardware equipment [2][9]. Group 2: Individual Company Highlights - Guangda Special Materials forecasts a net profit of approximately 200 million yuan, representing a growth of 367.51% [4][5]. - Shengnuo Bio anticipates a net profit between 77.03 million and 94.14 million yuan, with a growth rate of 253.54% to 332.10% [4][5]. - Tai Ling Micro expects a net profit of about 99 million yuan, reflecting a growth of approximately 267% [4][6]. Group 3: Market Trends and Insights - The overall net profit growth of A-share listed companies is expected to continue improving, driven by macroeconomic policies and industry restructuring [8][9]. - Analysts predict that sectors such as consumer services, information technology, and midstream manufacturing will see relatively high profit growth in 2025 [8][9]. - The market sentiment is optimistic, with many institutions recommending an overweight position in the Chinese stock market, anticipating a bull market in both A-shares and Hong Kong stocks [9].

今日，A股市场震荡分化，三大指数盘中冲高，沪指再度创出年内新高，但受限于量能小 幅萎缩，资金承接力度不足，三大指数尾盘回落，最终悉数收跌。 盘面上，券商板块也是多数走低，国泰海通跌超4%，银行股集体大涨，工商银行、农业 银行、建设银行、中国银行、江苏银行、南京银行、杭州银行、北京银行等继续创历史新 高 ， 代 表 地 缘 变 数 的 油 气 股 快 速 反 弹 ， 准 油 股 份 冲 击 涨 停 ， 科 力 股 份 、 山 东 墨 龙 涨 超 7%，通源石油、神开股份、贝肯能源等跟涨。 01 一则消息引爆市场 近期，指数大涨，券商板块持续走强，很多人开始在拿这几天的行情去和去年9 2 4的行情 对比了。 924是牛市预期，引发了券商的上涨。 而这次是券商上涨，引发了牛市预期。 大家好好理解一下这里里面的逻辑关系。为什么说券商是渣男，其实不是券商渣，是人们 的认知太单一，券商一涨就觉得牛要来了。 但是我们要明白， 牛市只是券商上涨因素之一，不上上涨的唯一因素。 复盘往年中报行情，大致从6月开始提前启动，至于是上旬、中旬、还是下旬，则每年不 一定。 券商也可以因为别的因素上涨。而这轮券商上涨， 摩研君认为是一则有 ...

Core Viewpoint - The upcoming half-year report season is expected to show a positive trend in A-share companies' performance, with a significant number of companies forecasting profit increases, indicating a potential investment opportunity in high-growth sectors [1][2][4]. Group 1: Performance Forecasts - As of June 22, 2025, 18 A-share companies have disclosed their half-year performance forecasts, with 11 companies expecting profit increases, accounting for 61.11% of the total [1]. - Among the companies forecasting profit growth, notable increases include Shengnuo Biological (332.1%), Luxshare Precision (25%), and Jiao Da Iron & Steel (19.91%) [2]. - Six companies, including Luxshare Precision and Zhongce Rubber, are expected to achieve net profits exceeding 100 million yuan, with Luxshare Precision forecasting 6.745 billion yuan [2][3]. Group 2: Revenue Expectations - Eleven companies are projected to have revenues exceeding 500 million yuan, with five companies expected to surpass 1 billion yuan [3]. - Luxshare Precision leads in revenue expectations, while Zhongce Rubber anticipates revenue between 20 billion to 21.4 billion yuan, reflecting a year-on-year growth of 8% to 15.56% [3]. Group 3: Market Sentiment and Sector Insights - Analysts suggest that improving performance expectations can stabilize market sentiment and reduce short-term volatility, particularly in sectors like electronics and communications, which are benefiting from the AI industry's growth [4]. - The traditional Chinese medicine sector is also expected to see a performance turnaround, with analysts predicting significant revenue and profit growth in the second quarter of 2025 [4]. - Investment strategies should consider both short-term performance forecasts and long-term value growth commitments to support stable valuation increases [4].