来源：新浪证券-红岸工作室 8月5日，中金公司涨1.34%，成交额8.57亿元，换手率0.81%，总市值1757.12亿元。 异动分析 期货概念+国企改革+2025一季报预增+中字头股票 1、2023年年度报告：公司控股子公司中金期货有限公司，注册资本人民币3亿5千万，为公司的全资子 公司；主业务为商品期货经纪、金融期货经纪、期货投资咨询、资产管理。 2、公司属于国有企业。公司的最终控制人为中央汇金投资有限责任公司。 3、公司预计2025-01-01到2025-03-31业绩：净利润185800.00万元至210600.00万元,增长幅度为50%至 70%;上年同期业绩:净利润123900.00万元,基本每股收益0.223元; 今日主力净流入2857.53万，占比0.03%，行业排名15/49，连续2日被主力资金增仓；所属行业主力净流 入10.87亿，当前无连续增减仓现象，主力趋势不明显。 区间今日近3日近5日近10日近20日主力净流入2857.53万-2577.26万-1.89亿-3.63亿-4.22亿 主力持仓 4、公司为中字头股票，公司实控人为国资委或中央国有企业或中央国家机关。 (免责声明：分析内容来 ...

一、上海微电子借壳核心标的分析 上海微电子（估值约6000亿元）因IPO政策限制（三年内无重大人事变更）转向借壳上市，且需在2025年国企改革收官前完成。以下为概率排序： 以下是基于最新市场动态和政策环境（截至2025年8月），对上海地区具备借壳上市潜力的企业分析。结合估值、政策窗口及操作可行性，核心标的聚焦于 上海微电子（SMEE）的借壳预期，同时涵盖其他潜在重组机会： 电气风电（688660）｜概率35% 上海贝岭（600171）｜概率20%（备选） 1. 海立股份（600619）｜概率70% 核心优势： 制度完备性：2025年7月修订公司章程，明确授权董事会直接决策"定向增发+资产置换+B股转A股"，扫清程序障碍。 股东阻力消除：格力电器持股比例从8.41%降至2.44%（低于重大事项否决线），重组博弈风险归零。 操作路径高效：采用三步走策略（定增→国资股权划转→资产置换），全程规避传统借壳审核，耗时仅2-3个月。 风险点：B股转换需外管局批复，若延迟可能错过Q3窗口期。 最新动态：若8月发布定增预案，概率可升至90%。 核心优势： 政策红利：科创板适用"小额快速"通道（审核周期30工作日），豁免盈利要 ...

Core Viewpoint - The report highlights the strong performance and resilience of Shaanxi Coal and Chemical Industry Group Co., Ltd. (Shaanxi Coal Group) in the first half of the year, showcasing significant growth in revenue, profit, and investment despite market challenges [1][2]. Group 1: Economic Performance - Shaanxi Coal Group achieved revenue of 227.5 billion yuan and profit of 18.04 billion yuan in the first half of the year, with a year-on-year investment increase of 52.3% to 16.03 billion yuan [1]. - The coal production of Shaanxi Province's state-owned enterprises increased by 5.9% year-on-year, outperforming the national average [1]. Group 2: Industry Optimization - The company has formed a diversified industrial structure, including coal, chemicals, steel, electricity, and logistics, enhancing its supply chain capabilities [2]. - Shaanxi Coal Group's self-produced coal sales reached 130 million tons, an increase of 3.55 million tons year-on-year, ensuring orderly capacity release [2]. Group 3: Major Projects - The company is planning 99 major projects with a total investment of 410 billion yuan, accounting for 25% of the provincial state-owned assets system's fixed asset investment [3]. - A significant project for clean and efficient coal conversion received a bank loan approval of 106.8 billion yuan, marking a milestone in unsecured credit financing [3]. Group 4: Cost Efficiency - Shaanxi Coal Group has implemented strict cost control measures, resulting in savings of 7.7 billion yuan across 14 projects and 21.2 billion yuan across 298 bidding projects [4]. - The company emphasizes efficiency in project execution, with significant cost reductions achieved in procurement processes [4]. Group 5: Reform and Governance - The company has completed 93.9% of its state-owned enterprise reform tasks, with a notable reduction in the number of departments and personnel [5]. - Shaanxi Coal Group has implemented a comprehensive reform strategy, focusing on improving the efficiency of state capital allocation and core competitiveness [6]. Group 6: Technological Innovation - The company has developed innovative technologies for coal mining, significantly improving efficiency and reducing labor requirements [7]. - In the first half of the year, Shaanxi Coal Group invested 2.14 billion yuan in research and development, with new product output valued at 11.12 billion yuan, contributing 4.9% to overall revenue [8].

民生证券研报指出，受益于自主品牌创新和出口韧性，2025年7月上汽集团批发销量同比+34.2%，环 比-7.6%；2025M1-7批发同比+15.0%，终端交付量256.7万辆，高于批发销量239.0万辆，稳步去库后当 前库存水平较低。结构端，新能源方面，7月新能源车销量11.7万辆，同比+64.9%，环比-2.8%； 2025M1-7累计销售76.4万辆，同比+43.5%，实现大幅增长；自主品牌方面，7月自主品牌销量21.4万 辆，同比+39.4%；2025M1-7累计销售151.8万辆，同比+23.3%，销量占比提升至63.5%，同比+4.3pct， 结构优化显著。出口方面，2025M1-7，上汽集团海外销量同比+1.1%，在欧盟反补贴等不利影响下，上 汽MG积极克服，在欧洲实现终端交付超18万台，促进出海销量实现稳定增长。公司受益国企改革，有 望迎来底部反转，当前PB为0.7倍，维持"推荐"评级。 ...

民生证券研报指出，受益于自主品牌创新和出口韧性，2025年7月上汽集团批发销量同比+34.2%，环 比-7.6%；2025M1-7批发同比+15.0%，终端交付量256.7万辆，高于批发销量239.0万辆，稳步去库后当 前库存水平较低。结构端，新能源方面，7月新能源车销量11.7万辆，同比+64.9%，环比-2.8%； 2025M1-7累计销售76.4万辆，同比+43.5%，实现大幅增长；自主品牌方面，7月自主品牌销量21.4万 辆，同比+39.4%；2025M1-7累计销售151.8万辆，同比+23.3%，销量占比提升至63.5%，同比+4.3pct， 结构优化显著。出口方面，2025M1-7，上汽集团海外销量同比+1.1%，在欧盟反补贴等不利影响下，上 汽MG积极克服，在欧洲实现终端交付超18万台，促进出海销量实现稳定增长。公司受益国企改革，有 望迎来底部反转，当前PB为0.7倍，维持"推荐"评级。 ...

Core Viewpoint - SAIC Motor Corporation reported a significant increase in wholesale sales for July 2025, with a total of 338,000 units sold, marking a year-on-year increase of 34.2% and a cumulative sales figure of 2.39 million units for the first seven months of 2025, reflecting a 15.0% increase compared to the same period last year [2][4]. Sales Performance - In July 2025, SAIC Volkswagen sold 80,000 units, with a cumulative sales of 572,000 units for the first seven months, showing a year-on-year decrease of 3.6% [3]. - SAIC General sold 42,000 units in July, with a cumulative total of 287,000 units for the first seven months, representing a year-on-year increase of 19.4% [3]. - SAIC Passenger Vehicles sold 60,000 units in July, with a cumulative total of 428,000 units for the first seven months, reflecting an 11.0% year-on-year increase [3]. - SAIC-GM-Wuling sold 121,000 units in July, with a cumulative total of 874,000 units for the first seven months, marking a 35.3% year-on-year increase [3]. - SAIC New Energy sold 117,000 units in July, with a cumulative total of 764,000 units for the first seven months, achieving a remarkable year-on-year increase of 43.5% [3]. - Overseas sales reached 82,000 units in July, with a cumulative total of 576,000 units for the first seven months, showing a slight year-on-year increase of 1.1% [3]. Strategic Developments - SAIC has partnered with Huawei to launch the first SUV model, the Shangjie H5, expected to be released in September 2025, which will feature Huawei's ADS 4 technology [5]. - The company is undergoing significant management changes as part of its state-owned enterprise reform, focusing on domestic market and new energy vehicle development [6]. Financial Forecast - The company is projected to benefit from state-owned enterprise reforms, with expected revenues of 687.76 billion yuan, 722.06 billion yuan, and 776.21 billion yuan for 2025, 2026, and 2027 respectively [7]. - Net profit attributable to shareholders is forecasted to be 12.27 billion yuan, 14.07 billion yuan, and 16.67 billion yuan for the same years, with corresponding EPS of 1.06 yuan, 1.22 yuan, and 1.44 yuan [7][8].

来源：新浪证券-红岸工作室 8月4日，弘业期货涨1.43%，成交额2.29亿元，换手率5.80%，总市值121.84亿元。 异动分析 期货概念+创投+国企改革 1、弘业期货股份有限公司主要从事商品期货经纪、金融期货经纪、期货投资咨询、资产管理、基金销 售、金融资产投资业务。是期货行业首家A+H股上市公司。 2、公司认缴弘瑞新时代创业投资有限公司，出资金额 2,200 万元，持股比例为 22%。弘瑞新时代的主 要经营地为江苏省南京市，主营业务为创业投资和管理咨询。 3、公司属于国有企业。公司的最终控制人为江苏省政府国有资产监督管理委员会。 (免责声明：分析内容来源于互联网，不构成投资建议，请投资者根据不同行情独立判断) 公司简介 资料显示，苏豪弘业期货股份有限公司位于江苏省南京市建邺区江东中路399号3幢，成立日期1995年7 月31日，上市日期2022年8月5日，公司主营业务涉及商品期货经纪、金融期货经纪、期货投资咨询、资 产管理、基金销售和金融资产投资业务。通过全资子公司弘业资本主要从事大宗商品交易及风险管理业 务,通过全资境外子公司弘业国际金融主要从事境外证券及期货交易服务。主营业务收入构成为：大宗 商品 ...

Core Viewpoint - The Henan Transportation Investment Group is focusing on high-quality development and efficient governance through strong party leadership and strategic initiatives to enhance its operational capabilities and service to the province [1][2][3][4] Group 1: Party Leadership and Governance - The company emphasizes the political core role of the party committee, ensuring that party leadership is integrated into all aspects of work, with a mechanism for learning, research, implementation, and supervision [1] - A four-level publicity system has been established, with 72 teams conducting 679 theoretical presentations to promote ideological alignment [1] - The company has achieved top rankings in both high-quality party building and development among provincial enterprises [1] Group 2: Strategic Development Initiatives - The company is actively involved in major provincial strategies, including a significant investment of 16.53 billion yuan in inland waterway transportation in 2024, with plans to exceed 100 billion yuan in 2025 [2] - The construction of the first modernized million-level dedicated container terminal in Henan is underway, enhancing the province's logistics capabilities [2] - The company is expanding its highway network, adding 1,037 kilometers of new roads this year, bringing the total to over 10,000 kilometers [2] Group 3: Organizational and Talent Development - The company maintains a 100% coverage rate of party organizations and has implemented differentiated setups for project company party branches to address challenges in grassroots organization [3] - Over 60% of the second-tier enterprise leadership has been exchanged, and the proportion of middle-level managers under 45 has increased from 6% to 16% [3] - The company has introduced 27 leading and young talents, including PhDs, to enhance its development capabilities [3] Group 4: Reform and Innovation - The company is advancing state-owned enterprise reforms, focusing on strategic transformation and the establishment of four major platforms and seven business sectors [3] - The management structure has shifted from a linear to a networked approach, significantly improving operational efficiency [3] - Collaboration with academic teams in five key areas aims to establish national-level innovation platforms [3]

证券之星消息，环球印务8月1日涨停收盘，收盘价10.16元。该股于9点25分涨停，1次打开涨停，截止 收盘封单资金为8497.01万元，占其流通市值2.61%。 今日环球印务涨停的可能因素有：一是公司ESG评级提升至BBB-，环境与社会责任表现获市场认可； 二是业务多元化战略加速，医美及快消品包装领域布局形成增长预期；三是智能工厂建设推进，子公司 迈入智能化运营阶段提升效率；四是国企改革概念加持，实控人陕西国资委背景强化市场信心；五是包 装材料板块整体活跃度攀升，行业短期关注度提升。 该股为造纸，快手概念股，数字经济概念热股，当日造纸概念上涨1.61%，快手概念股概念上涨 1.34%，数字经济概念上涨0.92%。 以上内容为证券之星据公开信息整理，由AI算法生成（网信算备310104345710301240019号），不构成 投资建议。 8月1日的资金流向数据方面，主力资金净流入971.57万元，占总成交额2.73%，游资资金净流出1099.22 万元，占总成交额3.09%，散户资金净流入127.65万元，占总成交额0.36%。 | | | | 日期 收盘价 涨跌幅 主力净流入 主力净占比 游资净流入 游资净 ...

（原标题：中药股上涨，中药ETF、中药50ETF、中药ETF华泰柏瑞涨超2%） 近期多地医保局发布关于部分中成药价格风险治理的通知。继7月18日宁夏医保局发布《关于开展我区 部分中成药价格风险治理的通知》、内蒙古自治区医药采购中心发布《关于开展2025年第一批医药价格 风险线索处置工作的通知》、江苏省医保局公布2025年第二十五批药品价格预警名单之后，7月22日吉 林省发布《关于开展部分未过评药品和中成药挂网价格治理工作的通知》、河北省正式发布《河北省药 品挂网规则》，7月24日广西省对169个中成药提出价格治理要求。黑龙江、广西、辽宁、四川、山西、 宁夏等多个省份启动中成药价格治理，主要针对平台挂网、存在医药价格风险的中成药提出价格调整要 求。由于中成药种类较多，标准复杂，集采对于中成药的价格调控力度相对有限，且集采多以地区联盟 形式开展，独家品种较多，因此价格降幅相较化药而言幅度较小。地方政府的挂网价格治理对中成药集 采降价实现了一定程度的补充，尤其对于日均治疗费用超出当地同种药品最低日均治疗费用较多的品 种。 值得一提的是，冯柳旗下基金"高毅邻山1号远望"新进太极集团前十大流通股股东名单。 截至7月16 ...