Group 1 - The market showed positive performance on July 10, stabilizing above 3500 points, with a potential recovery towards the previous high of 3674 points [1] - Trading volume was relatively high, nearing 1.5 trillion, with over 3000 stocks rising at one point, although the average stock price experienced a slight decline [1] - The outlook for the market is optimistic, with an increased probability of a main upward trend, indicating that significant capital continues to flow into major stocks above 3500 points [1] Group 2 - There are short-term concerns due to the existing high point structure on the 60-minute chart, which requires monitoring of the next day's price action [2] - If the market does not rise, there may be a short-term adjustment, but it is expected to be minor, with potential for further upward movement after a brief consolidation [2]

Core Viewpoint - The Federal Reserve's Daly indicates that while consumer spending is slowing down, it has not completely halted [1] Group 1 - Consumer spending is experiencing a deceleration, suggesting a shift in economic behavior [1] - Despite the slowdown, consumers continue to engage in spending activities, indicating resilience in the economy [1]

一、证监会调整了IPO发行节奏，IPO又开始加速了。截至今天收盘，估计很多人都选择了银行股。其实这没啥丢人的，古话说得好，"识时务者为俊杰"。 既然打不过，那最好的办法就是加入。毕竟，谁也不知道这波大盘会涨到哪儿。 三、科技目前表现的低迷是因为银行的红利模式主导。 等这种情形不再成为市场主流时，估计就轮到了科技为代表的成长风格，我觉得未来真正能够出现赚钱效应的，还是要看科技股的表现，科技同时也代表成 长。 在如今科技浪潮下，牛市行情科技怎么能缺席呢。无论是券商还是科技，基本上都整理了很长时间，目前的位置都相对较低，是银行将指数拉出空间之后， 很好的上场表演。 接下来，只要还是指数行情，银行股就还会涨，直到出现一个阶段性拐点。这个拐点可能是指数急跌，也可能是龙头倒下，或者是行情换挡。在这个拐点没 出现之前，市场大概率还会延续这种走势。如果非让我对指数做一个预期的话，至少现在这里还不是顶。从周线和月线来看，指数还有上行空间。短期即便 有调整，从指数的角度来看，机会还是大于风险的。 二、最近的港股涨的没A股市场猛，或许是因为IPO吧。 遥想前段时间港股还意气风发，转眼间却被密集的新股发行压弯了腰。这种似曾相识的场景 ...

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]

Core Viewpoint - The Northbound capital holdings in A-shares have increased significantly due to valuation recovery, policy benefits, and economic resilience, with a total market value reaching 2.29 trillion yuan by the end of Q2 2025, marking an increase of over 2% from the previous quarter [1][2]. Group 1: Northbound Capital Holdings - As of June 30, 2025, the total market value of Northbound capital holdings reached 2.29 trillion yuan, an increase of over 2% compared to the end of Q1 2025 [1]. - The total number of shares held by Northbound capital exceeded 123.5 billion, reflecting an increase of over 3% from the previous quarter [1]. - Compared to the end of 2024, the market value of Northbound capital holdings increased by over 80 billion yuan in the first half of 2025 [2]. Group 2: Industry and Stock Performance - The sectors with the highest market value held by Northbound capital include electric power equipment, banking, electronics, food and beverage, pharmaceutical biology, non-bank financials, automotive, home appliances, machinery, and non-ferrous metals [2]. - The top ten stocks held by Northbound capital as of Q2 2025 are Ningde Times, Kweichow Moutai, Midea Group, China Merchants Bank, Yangtze Power, BYD, Ping An Insurance, Zijin Mining, Huichuan Technology, and Mindray [2]. - The investment direction of Northbound capital has shifted from core assets to traditional industries and from old tracks to new tracks, with significant increases in sectors such as non-bank financials, public utilities, and communication [2][3]. Group 3: Market Outlook - The A-share market is exhibiting a "dumbbell" characteristic, with technology growth stocks and sectors like biomedicine and new consumption performing well, while stable dividend stocks are favored by conservative investors [3]. - Policies aimed at stabilizing economic growth are expected to further boost consumption, enhancing investor confidence and potentially attracting more capital into the market [3].

Core Insights - As of July 10, 147 A-share listed companies have forecasted their first-half performance, with 129 companies expecting profits [1] - Among these, 19 companies, including Foxconn Industrial Internet Co., Ltd. (Industrial Fulian), anticipate a net profit attributable to shareholders exceeding 1 billion yuan [1] - Industrial Fulian leads in net profit scale, projecting a net profit of 11.958 billion to 12.158 billion yuan for the first half, representing a year-on-year growth of 36.84% to 39.12% [1] Group 1: Company Performance - Industrial Fulian's cloud computing business experienced rapid growth in Q2, with overall revenue increasing by over 50% year-on-year [2] - AI server revenue surged by over 60% compared to the same period last year, while revenue from cloud service provider servers increased by more than 150% [2] - The revenue from 800G switches reached three times the total for the entire year of 2024, driven by rising AI demand [2] Group 2: Other Companies' Performance - Other companies such as Muyuan Foods, Luxshare Precision, Shanghai Pharmaceuticals, and Zhejiang Xinheng are expected to have a net profit attributable to shareholders exceeding 3 billion yuan for the first half [3] - Companies like Yunnan Aluminum, Zhejiang Huayou Cobalt, and Guangdong Haida Group are projected to have net profits exceeding 2 billion yuan [3] - Companies including Zhejiang Juhua, Sanhua Intelligent Control, and TCL Technology are expected to report net profits exceeding 1 billion yuan [3] Group 3: Profit Growth - Datang Huayin Power is expected to have the highest year-on-year profit growth, projecting a net profit of 180 million to 220 million yuan, an increase of 175 million to 215 million yuan compared to the previous year [3] - Several companies, including Shandong Xianda Agricultural Chemicals and China Northern Rare Earth, anticipate a year-on-year net profit growth exceeding 100% [4] - The market is shifting focus towards fundamental verification as half-year performance reports are released, marking the start of the half-year report market trend [4]

点击注册小程序 查看完整报告 特别申明： 北方稀土公告，预计2025年半年度实现归属于母公司所有者的净利润9亿元-9.6亿元，同比增加1882.54%到 2014.71%。镨钕和镧铈价格同比上涨叠加冶炼分离等加工成本进一步降低增厚业绩。推进绿色冶炼升级改造 项目，一期进入产线联动调试收尾阶段。下游应用仍保持增长，未来稀土行业供需仍有望维持紧平衡。 （王招华/马俊）2025-07-10 您可点击今日推送内容的第2条查看 【巨化股份（600160.SH）】制冷剂高景气延续，Q2 业绩高增长 ——2025 年半年度业绩预告点评 公司发布 2025 年半年度业绩预增公告，2025 年上半年度，公司预计实现归母净利润为 19.7-21.3 亿元，同比 增长 136%-155%；其中，Q2 单季度公司预计实现归母净利润 11.6-13.2 亿元，同比增长 122%-152%，环比增 长44%-63%。 本订阅号中所涉及的证券研究信息由光大证券研究所编写，仅面向光大证券专业投资者客户，用作新媒体形势下研究 信息和研究观点的沟通交流。非光大证券专业投资者客户，请勿订阅、接收或使用本订阅号中的任何信息。本订阅号 难以设置访问权 ...

操作策略： 周四亚市早盘，现货黄金维持小幅上涨态势，价格一度突破3320关口，目前维持在3315附近波动。周三 金价在跌至近两周低点3282.61后出现强劲反弹，最终收于3313.38，显示出明显的回升动能。美国总统特 朗普宣布将关税协议推迟至8月1日开始实施，这一决定暂时缓解了市场紧张情绪。但他同时表示协议到 期后将不再延期，并继续发出关税威胁，这使得全球贸易不确定性增加，市场避险情绪升温。这种情况 可能对经济和通胀产生负面影响，进而削弱美元走势，为黄金价格提供支撑。 黄金价格延续隔夜偏强震荡格局，但在3330关键阻力位反复争夺后，预期出现受阻回落，目前价格回落 至3315附近。这种走势表明，隔夜的异常反弹主要受短线避险情绪推动，随着市场消息面趋于平静，情 绪稳定后，行情大概率将回归技术面趋势。黄金价格预计维持震荡整理，偏弱回调概率较大。重点关注 3330附近阻力位争夺. 若意外突破该位置，上方将面临20日均线3345的强阻力。下方支撑位需重点关注 3305-3300区间，技术面更倾向于价格回落至3310下方，届时可能重启技术性偏弱回调趋势，后续强支撑 位可关注3285-3280区间. 晚间短线来看翁富豪建 ...

中新网重庆7月10日电(记者刘贤)2025具身智能生态大会10日在重庆举行。全国首部《智慧养老技术与 应用发展白皮书——基于情感陪护养老的探究》(以下简称白皮书)正式发布。 二是从"被动"转向"主动"，提升情感关怀精准性。养老服务平台可以整合老人在日常生活中产生的健 康、社交、消费等各类数据，精准描绘出每个老人的个性化需求画像。例如，通过分析老人的就医记录 和健康监测数据，预测其可能出现的健康问题，提前安排医疗护理服务；通过分析老人的社交活动数 据，了解其社交圈子和兴趣爱好，主动为其推荐适合的社交活动或兴趣小组，帮助老人拓展社交生活、 丰富精神世界。 三是构建智慧养老融合社区，促进老人与社会强连接。未来，智慧养老将不仅仅局限于家庭或养老机构 内部，而是更加注重构建智慧养老融合社区，通过整合社区内的各种资源，促进老人与社会的强连接， 让老人在熟悉的社区环境中实现"就地养老"，同时积极参与社会生活，保持与外界的紧密联系。 四是情感陪护应用逐渐普及，科技与人性服务待平衡。白皮书提出，在科技不断赋能情感陪护的过程 中，如何平衡科技与人性服务，确保老人真正获得温暖、真实的情感关怀，成为未来智慧养老发展需要 重点关注的问 ...

展望美股后市，高盛认为，美国正处于商业周期的中后期阶段，无衰退迹象且盈利增长强劲，同时降息预期仍 在。市场情绪周期正转向积极但尚未达到狂热状态，仍有上涨空间。 稀土概念股突然爆发 北京时间7月10日晚间，美股开盘后，三大指数窄幅震荡，截至22:30，道指涨0.25%，纳指跌0.42%，标普500 指数跌0.04%。 美股大型科技股多数下跌，特斯拉逆势大涨超3%，公司CEO马斯克透露，特斯拉自动驾驶出租车服务有望在1 —2个月内扩展至旧金山湾区，具体时间需视监管审批进度而定。马斯克还表示，最新发布的AI大模型Grok 4 将登陆特斯拉汽车，最晚下周上线。 美股稀土概念股集体大涨，MP Materials一度暴涨近60%，Energy Fuels大涨超15%，USA Rare Earth大涨超 13%。 一则利好消息引爆美股稀土板块。 10日晚间，美股开盘后，美股稀土概念股全线爆发，MP Materials一度暴涨近60%。消息面上，MP Materials宣 布，公司已经与美国国防部达成一项数十亿美元的协议，将新建一座稀土永磁工厂，加快美国稀土永磁供应链 的建设。 从美股市场近期的表现来看，投资者似乎对关税政策 ...