具体来看，三大股指盘中发力走高，沪指站稳3600点，北证50指数涨超1%。截至收盘，沪指涨0.45%报 3633.99点，连续3日上涨，刷新年内收盘点位新高。深证成指涨0.64%报11177.78点，创业板指涨0.66% 报2358.95点，北证50指数涨1.58%，沪深北三市合计成交17595亿元，较此前一日增加逾1400亿元。 场内超3300股飘红，人形机器人概念活跃，豪森智能、华密新材等涨停，中大力德（002896）再创新 高；军工板块再度爆发，北方长龙（301357）、长城军工（601606）涨停，双双续创历史新高；船舶板 块崛起，中国重工（601989）、中国船舶涨停；医药板块疲弱，奇正藏药（002287）连续两日跌停，翰 宇药业（300199）跌近9%；此外，近期的大牛股上纬新材尾盘跌停。 值得注意的是，今日登陆创业板的汉桑科技收盘上涨186.7%报82.89元/股，盘中大涨280.5%，最高至 110元/股。以盘中最高价计算，该股单签最高盈利达4万元。 港股方面，晨鸣纸业、玖龙纸业涨超10%，泡泡玛特、中船防务（600685）涨近8%，比亚迪 （002594）电子涨近7%；君实生物跌超10%，理 ...

【导读】A股大涨，台积电遭泄密 | 880005 涨跌家数 | | | --- | --- | | 其中 涨停 | 68 | | 涨幅 > 7% | 107 | | 涨幅 5-7% | 106 | | 涨幅 3-5% | 296 | | 涨幅 0-3% | 3394 | | 跌幅 0-3% | 1200 | | 践幅 3-5% | 79 | | 跌幅 5-7% | 27 | | 跌幅 > 7% | 21 | | 其中 跌停 | 2 | | 上涨家数 | 3903 | | 下跌家数 | 1327 | | 平盘停牌 | 189 | | 总品种数 | 5419 | | 总成交额 | 16158.21亿 | | 总成交量 | 114587.5 | | 涨家增减 | 1193 | | 涨家增幅 | 44.02% | | 指数量比 | 0.91 | eSIM概念股爆发，澄天伟业涨停。消息面上，欧盟《新电池法》明确规定，自2026年起智能手机需逐步淘汰实体卡槽，这将使eSIM成 为手机等移动设备实现通信功能的主要方式。GSMA预测到2025年底，全球将有10亿台eSIM智能手机投入使用。 中国基金报记者泰勒 大家好，今天的 ...

Group 1 - Aerospace ETF Tianhong (159241) saw a 1.55% increase in intraday trading, with a turnover rate of 11.30% and a transaction volume exceeding 460 million yuan [1] - The ETF recorded a net subscription of 6 million units during intraday trading, indicating strong investor interest [1] - Key constituent stocks such as Construction Industry rose over 9%, with Inner Mongolia First Machinery, North Navigation, Guangqi Technology, and Aerospace Electronics also experiencing gains [1] Group 2 - As of July 25, 2025, 67 military industry companies have announced their half-year performance forecasts, with 41 expecting profit increases and 26 anticipating declines [2] - The leading companies in terms of growth are primarily focused on the shipbuilding, defense, and aerospace sectors [2] - The military sector is currently in a state of upward potential with a solid bottom, although short-term volatility may occur in rapidly rising sub-sectors and individual stocks [2]

Core Viewpoint - The military industry has shown a downward trend since the second half of 2024, primarily driven by valuation factors. The defense and military index rose by 37.24% from September 24, 2024, to July 21, 2025, outperforming the Shanghai and Shenzhen 300 index, which increased by 27.17% during the same period [1]. Group 1: Market Performance - The military sector has experienced heightened activity in themes such as low-altitude economy, large aircraft, and military intelligence, driven by ongoing geopolitical conflicts [1]. - The performance of military-related funds has also improved, with the Fangzheng Fubon Core Advantage Mixed Fund heavily investing in core enterprises within the military industry chain [1]. Group 2: Fund Holdings - The top ten holdings of the Fangzheng Fubon Core Advantage Mixed Fund include companies like Zhong无人机 (8.95%), 中航沈飞 (7.97%), and 中航成飞 (7.94%), all within the aerospace sector, reflecting a focus on the military supply chain [2]. - New additions to the fund's holdings include 中兵红箭 (7.34%) and 北方导航 (7.26%), with significant year-to-date price increases of 51.49% and 60.01%, respectively [2]. Group 3: Future Outlook - The fund manager believes that the military sector holds explosive growth opportunities, especially with the upcoming military parade on September 3 potentially boosting military stocks [3]. - The military industry is expected to see a recovery in demand as the "14th Five-Year Plan" approaches its final year, with a clear long-term development goal set for 2035 and 2050 [3].

Core Viewpoint - The AI Fund, Nongyin Hongli Zhenxuan Mixed A (021455), reported a profit of 49.06 thousand yuan for Q2 2025, with a net value growth rate of 4.79% during the period [3]. Fund Performance - As of the end of Q2 2025, the fund's scale was 891.24 thousand yuan [15]. - The fund's unit net value as of July 17 was 1.102 yuan [3]. - The fund's performance over the past three months showed a net value growth rate of 8.14%, ranking 43 out of 82 in its category [3]. - Over the past six months, the fund's net value growth rate was 9.61%, ranking 32 out of 82 in its category [3]. Investment Strategy - The fund manager identified several promising investment directions: defensive dividend assets such as thermal power, hydropower, and expressways; consumer sectors like hotels and scenic spots during the tourism peak; agricultural chemical assets including compound fertilizers and potassium fertilizers; military industry sectors influenced by military exercises and overseas geopolitics; and a choice between export chains or domestic demand based on tariff negotiations and economic stimulus policies [3]. Risk Metrics - The fund's Sharpe ratio since inception was 0.1245 as of June 27 [8]. - The maximum drawdown since inception was 4.76%, with the largest quarterly drawdown occurring in Q2 2025 at 4.14% [11]. Portfolio Composition - The average stock position since inception was 68.76%, compared to the category average of 84.97%. The fund reached a peak stock position of 83.68% at the end of H1 2025 and a low of 60.68% at the end of Q1 2025 [14]. - As of the end of Q2 2025, the top ten holdings included Changjiang Electric Power, Luxshare Precision, New Natural Gas, Funi Co., Guotou Electric Power, Tongcheng New Materials, Zhenhua Technology, Aerospace Electronics, AVIC Optoelectronics, and Zhongtian Technology [18].

Group 1 - The core viewpoint is that 2025 marks the end of the "14th Five-Year Plan," with a structural reversal in industry demand expected to continue until 2027 [1] - The military industry chain's upstream enterprises, which have a high asset securitization rate, have seen significant order growth since the Spring Festival, leading to a notable increase in stock prices from mid-February to mid-April [1] - Following a peak in orders for upstream component companies, stock prices have retreated since mid-April, while themes related to military trade exports, weaponry, deep-sea technology, commercial aerospace, and low-altitude economy have experienced high-frequency rotations since May [1] Group 2 - The upcoming September 3 military parade is expected to catalyze sentiment in the military industry sector due to its grand scale and high media attention [1] - The military ETF (512660) tracks the China Securities Military Index, which includes representative listed companies in the defense and military industry, reflecting the overall performance of the sector [1] - The index covers multiple subfields within the national defense and military industry, showcasing high industry concentration and distinct military characteristics [1]

Core Viewpoint - The article discusses the recent military escalation between India and Pakistan, highlighting India's claims of destroying Pakistan's air defense systems in Lahore as a response to alleged drone and missile attacks from Pakistan [2][5]. Group 1: Military Actions - On the night of May 7 to 8, Pakistan attempted to attack Indian military targets using drones and missiles, which were intercepted by Indian forces [2]. - In retaliation, Indian armed forces targeted multiple Pakistani air defense radars and systems, claiming to have destroyed the air defense system in Lahore [2]. - Indian Defense Minister Singh reported that approximately 100 "terrorists" were killed during the ongoing "Operation Chush" [6]. Group 2: Casualties and Damage - The conflict has resulted in at least one civilian death and five injuries due to the ongoing military actions [7]. - Pakistan claims to have shot down over 25 Indian "Harop" drones since the initiation of "Operation Chush" [7]. Group 3: International Response - The U.S. Consulate in Lahore has instructed its staff to shelter in place due to the escalating situation, indicating a heightened level of concern regarding safety in the region [9].