Market Overview - The three major A-share indices showed mixed results, with the Shanghai Composite Index rising by 0.39%, the Shenzhen Component Index increasing by 0.11%, and the ChiNext Index declining by 0.24% [1] - The total market turnover was 1,496.5 billion yuan, a decrease of 20.7 billion yuan compared to the previous day, with over 2,600 stocks rising [1] Sector Performance - The leading sectors included innovative drugs, photolithography machines, precious metals, banks, and electric power, while diversified finance, digital currency, cloud computing, and battery sectors saw declines [2] - Notable stocks in the innovative drug sector, such as Shuyou Shen and Anglikang, reached historical highs, with several stocks hitting the daily limit [2] - The photolithography machine sector remained active, with stocks like Kaimeteqi and Haili Co. also hitting the daily limit [2] - The banking sector rebounded collectively, with China Construction Bank and Shanghai Pudong Development Bank reaching historical highs [2] - The electric power sector showed strong performance, with Huadian Liaoning and Huayin Electric hitting the daily limit [2] - The diversified finance sector experienced a collective adjustment, with Hongye Futures hitting the daily limit down [2] Hotspot Overview - The innovative drug sector is supported by new measures from the National Healthcare Security Administration and the National Health Commission, encouraging commercial health insurance to expand investment in innovative drugs [10] - The electric power sector is expected to face peak electricity demand due to higher temperatures in July across many regions [11] - The semiconductor sector is seeing IPO applications from several "unicorn" and "little giant" companies, including Moer Thread and Muxi Co., with significant fundraising plans [12][13]

数字货币板块持续调整，吉大正元（003029）、翠微股份（603123）跌停，雄帝科技（300546）、元隆 雅图（002878）、京北方（002987）、四方精创（300468）等跟跌。 ...

2025 年 7 月 1 日 请务必阅读正文最后的中国银河证券股份有限公司免责声明 银河观点集萃 责任编辑 周颖 ☎：010-80927635 网:zhouying_yj@chinastock.com.cn 分析师登记编码：S0130511090001 要闻 6月份 PMI 49.7, 制造业景气水平继续改善 每日晨报 www.chinastock.com.cn 证券研究报告 宏观:畅想"十五五"的三大关键词——"十五五"系列报告之一。第一个关 ● 键词:承上启下,把握"十五五"时期的阶段性要求。第二个关键词:坚定不 移,更加强调大力发展新质生产力。第三个关键词:因势利导,进一步强化消 费的基础性作用。 宏观： 6 月 PMI: 积极和担忧都有哪些? 6 月份的 PMI 既有好消息也有令人 ● 担忧的方面,好消息是需求回到扩张区间带动生产继续上行,价格指数有所反 弹,采购指数站到荣枯线上,库存也有所增加。以上信息反映了我国经济有足 够的韧性,在对等关税暂缓和政策靠前发力的结合下,二季度经济比去年同期 表现更有韧性,二季度货币政策委员会例会对国内经济形势的判断为"呈现向 好态势,社会信心持续提振"。但另一方面, ...

Group 1 - The financial technology sector experienced mixed performance on July 1, with the Huaxia Financial Technology ETF (516100) declining by 2.19% after a brief high opening, reflecting a collective drop in its holdings such as Sifang Jingchuang (-6.91%) and Jingbeifang (-6.47%) [1] - The Huaxia Financial Technology ETF has seen a cumulative net subscription amount of 220 million, indicating ongoing investor interest despite recent declines [1] - The Korea Central Bank has suspended the second phase of its digital currency pilot project originally scheduled for the fourth quarter, as President Yoon Suk-yeol promotes a greater role for stablecoins in the private sector [1] Group 2 - The Huaxia Financial Technology ETF tracks the CSI Financial Technology Theme Index, which includes major players in software development, internet finance, and the digital currency industry, with a stablecoin content of 20.66%, the highest among all ETFs in the market [2] - The Securities Company ETF (515010) tracks the CSI All-Share Securities Company Index and has the lowest management and custody fee rate of 0.2%, making it an attractive option for investors looking to capitalize on the recovering brokerage sector [2]

截至2025年6月30日收盘，天地在线(002995)报收于19.35元，上涨1.15%，换手率3.57%，成交量4.01万 手，成交额7752.76万元。 董秘最新回复 投资者： 微信若开展短剧，公司作为腾讯广告服务商是否受益？ 董秘： 投资者您好！公司业务情况请关注公司在巨潮资讯网披露的定期报告及相关公告。感谢您对天 地在线的支持与关注！ 投资者： 公司在区块链以及数字货币领域有什么涉及或布局？ 董秘： 投资者您好！公司业务及发展布局情况，请关注公司公告。感谢您对天地在线的支持与关注！ 当日关注点 交易信息汇总：6月30日，天地在线主力资金净流出64.69万元，游资资金净流出514.85万元，而散 户资金则净流入579.54万元。 交易信息汇总 6月30日，天地在线的资金流向显示，主力资金净流出64.69万元；游资资金净流出514.85万元；散户资 金净流入579.54万元。 投资者： 请问截至2025年6月20日，公司股东数是多少？ 董秘： 投资者您好！为保证所有投资者平等获悉公司信息，根据信息披露公平原则，公司在定期报告 中披露对应时点的股东信息。对于其他各月的股东人数，根据《公司章程》的规定，股东提 ...

Core Viewpoint - The company is focusing on enhancing its technology research and product innovation capabilities to seize opportunities in the thermal management system business as the electric vehicle industry rapidly develops [2]. Group 1: Company Performance - As of June 30, 2025, the company's stock closed at 13.02 yuan, an increase of 5.51%, with a turnover rate of 22.22%, trading volume of 303,800 hands, and a transaction amount of 386 million yuan [1]. Group 2: Business Strategy - The company aims to continuously improve its product delivery and service capabilities, enhance customer satisfaction and brand loyalty, and achieve sustainable development [2]. - The company’s main business segments include integrated AFC systems for rail transit, ETC business for road traffic, and thermal management system equipment [7]. Group 3: Digital Currency and Market Expansion - The company currently does not have any digital currency business and is focusing on integrated projects involving payment scenarios with AFC and ETC devices [4][5][7]. - The company is coordinating with other parties for potential digital currency applications but has not yet launched any related business [13]. Group 4: Technical Advantages - The company's thermal management business includes products such as liquid cooling systems for power batteries, energy storage systems, complete vehicle thermal management systems, and rail transit thermal management systems [10]. Group 5: Investment Activities - The company has made minor investments in related companies through funds, but these holdings do not significantly impact its main business operations [11][12]. Group 6: Market Activity - On June 30, the company experienced a net inflow of 27.57 million yuan from institutional investors, while retail investors saw a net outflow of 30.26 million yuan [14][15].

比特币失守107000美元/枚，日内跌幅1.28%。 比特币/美元 ...

Digital Currency - Sanwei Xinan has participated in virtual currency and stablecoin-related businesses in Hong Kong [1] - First Capital currently has no plans to apply for stablecoin licenses [1] - Huaming Intelligent has not yet engaged in digital currency business [1] Robotics - Xinbo Co., Ltd. focuses on expanding humanoid robot joint modules through a joint venture [1] - Fangzheng Electric is developing robotic joint motor products [1] Defense and Military - AVIC Shenyang Aircraft Corporation's new district construction project is expected to achieve production line connectivity and trial operation by the end of the year [1] Automotive - Beiqi Blue Valley is actively collaborating with partners like Pony.ai to develop Robotaxi models [1] Electronics - Laibao High-Tech is not involved in supplying Xiaomi's newly released AI smart glasses [1] - Jiangbolong has established long-term cooperation with numerous smart glasses manufacturers [1] Chemical Industry - Aoke Co., Ltd. is not currently involved in the large-scale production of semiconductor materials such as photoresists [1] Other - Fangzheng Electric has secured a development project for an electric aircraft drive system in the first quarter [1] - Kouzi Jiu has seen good sales performance for its mid-range low-priced product series [1] - Ojiwah has resumed shipping original orders to American customers [1] - Stik has achieved bulk supply of optical display products to leading terminal manufacturers [1] - Songyuan Safety has the qualifications to participate in the Xiaomi automotive project but has not yet supplied to Xiaomi [1] - Nanji Guang's Switch2 backlight source module products have achieved stable mass delivery [1] - Hongtiansun's main production bases are operating at full capacity [1] - Rongbai Technology's sulfide electrolyte pilot line is expected to be completed by the end of the year [1]

2025 年 06 月 30 日 投资策略 估值与盈利周观察——6 月第 4 期：普涨 市场估值普涨，创业板指、成长居前。上周宽基指数估值普涨，创业 板指表现最优，红利表现最弱。从 PE、PB 偏离度的角度看，食品饮料、 农林牧渔、公用事业等行业估值较为便宜。向前看，本周市场 ERP 下降， 处于 21 年以来历史均值附近。 市场表现：微盘股、创业板指、成长表现最好；红利、消费、稳定表 现最弱。 行业表现：计算机、国防军工、非银金融涨幅前三，石油石化、食品 饮料、交通运输表现最弱。 相对估值：创业板指/沪深 300 相对 PE 上升，创业板值/沪深 300 相 对 PB 上升。 全 A ERP：ERP 较前一周下降，处于 21 年以来历史均值附近。 指数 PEG & PB-ROE: 红利 PEG 值最小，科创 50 风格 PB-ROE 值最小。 大类行业估值：金融地产估值高于 50%历史分位，原材料、设备制造、 工业服务、交通运输、消费、科技历史估值处于 50%左右及以下水平。 一级行业估值：各行业估值普涨，非银金融、农林牧渔、家电、食品 饮料估值处于近一年低位。 热门概念：无人驾驶、半导体材料、培育砖石、第 ...

国防军工和传媒行业获主力资金净流入居前。 今日（6月30日），A股三大指数集体收涨，市场成交额达到1.52万亿元。行业板块呈现普涨态势，航天 航空、游戏和船舶制造等板块涨幅居前。 从主力资金情况来看，沪深两市全天主力资金净流出39.95亿元。11个行业主力资金净流入，其中国防 军工和传媒行业获主力资金净流入居前，分别为17.27亿元和12.12亿元；有色金属、商贸零售、银行和 交通运输行业获主力资金净流入均超亿元。 20个主力资金净流出行业中，电子行业获主力资金净流出居首，为32.36亿元；非银金融、计算机、医 药生物、家用电器和通信行业获主力资金净流出均超4亿元。 10股获主力资金净流入均超3亿元 从个股来看，沪深两市63股获主力资金净流入超亿元，10股获主力资金净流入均超3亿元。 成飞集成获主力资金净流入6.93 亿元，收盘涨停。龙虎榜数据显示，上榜营业部席位全天成交4.52亿 元，合计净买入2.57亿元。具体来看，3个机构席位合计净买入2.5亿元，深股通专用席位净买入1538.92 万元。 东信和平获主力资金净流入5.4亿元。数字货币概念股继续活跃，东信和平和翠微股份涨停，雄帝科 技、数字认证、宇信科技 ...