Market Performance - The A-share market has been experiencing a continuous upward trend, with the Shanghai Composite Index reaching a new closing high for the year on July 18, increasing by 0.5% [1] - A total of 2,603 stocks rose, while 2,567 stocks fell, indicating a generally positive market sentiment [2] Stock Movement - The total trading volume reached 15,933.19 billion, with a total of 5,418 stocks listed [3] - The rare earth permanent magnet sector saw significant gains, with companies like China Nonferrous Metal Industry's Foreign Engineering and Construction Co., Ltd. and Dongfang Zirconium Industry hitting the daily limit [4] Notable Stocks - In the innovative drug sector, companies such as Anglikang and Borui Pharmaceutical saw their stocks hit the daily limit and rise over 10%, respectively, both reaching historical highs [6] - Lithium mining stocks also showed strong performance, with Jin Yuan Co. and Shengxin Lithium Energy hitting the daily limit [7] Declining Stocks - The photovoltaic sector faced adjustments, with Yamaton hitting the daily limit down by 9.99% [9] - Other notable declines included ST Lifang and Huangshi Group, which fell by 8.00% and 7.42%, respectively [10] Sector Highlights - The photolithography machine concept sector strengthened towards the end of the trading day, with Hai Li Co. hitting the daily limit and companies like Zhongrun Optical and Kai Mei Teqi showing significant gains [11]

| | | ETF涨幅 | TOP10 | | | --- | --- | --- | --- | --- | | 证券代码 | 证券名称 | 涨幅 | 基金管理人 | 投资类型 | | 561800 | 稀有金属ETF基金 | 4.12% | 华富基金 | 被动指数型基金 | | 159608 | 稀有金属ETF | 3.98% | 广发基金 | 被动指数型基金 | | 159715 | 稀土ETF易方达 | 3.97% | 易方达基金 | 被动指数型基金 | | 159713 | 稀土ETF | 3.84% | 富国基金 | 被动指数型基金 | | 516150 | 稀土ETF嘉实 | 3.69% | 嘉实基金 | 被动指数型基金 | | 562800 | 稀有金属ETF | 3.68% | 嘉实基金 | 被动指数型基金 | | 159671 | 稀有金属ETF基金 | 3.66% | 工银瑞信基金 | 被动指数型基金 | | 516780 | 稀土ETF | 3.58% | 华泰柏瑞基金 | 被动指数型基金 | | 159690 | A VETF | 2. 79% | 招商基金 | 被动指数型基金 | ...

东北地区夏季高温叠加高校宿舍对设备耐用性和低噪的严苛要求，对空调产品提出了特殊考验。海尔空 调为此提供了针对性解决方案——一是高温硬实力：产品设计针对长时间高温运行优化，确保快速制冷 与持续稳定的制冷能力，无惧酷暑挑战；二是静享舒适：通过加装专业减震垫等举措，有效控制设备运 行噪音，最大限度减少对学生学习和休息的影响。 今夏，罕见高温席卷东北，彻底颠覆了人们对该地区"夏季凉爽、无需空调"的固有印象。持续酷热下， 高校学子的降温需求变得尤为迫切，"学校没空调"频频成为热议焦点。 面对这一挑战，黑龙江财经学院迅速行动。经过严格的招标评比，该校最终选定海尔空调，一次性签约 采购3371套，旨在为学生营造更舒适的学习与生活环境。其决策关键点在于海尔空调制冷能力强劲且服 务体系完善。 海尔空调能迅速响应并提供可靠方案，源于其在高校市场的规模化应用经验和深厚积累。凭借制冷强、 服务好的核心优势，海尔已成为全国高校空调升级的首选品牌——计划安装空调的学校中，超半数选择 了海尔。仅今夏以来，除黑龙江财经学院外，海尔还接连中标齐鲁工业大学4600套、华北理工大学8000 套、湖南工商大学2400套等众多高校项目。据不完全统计， ...

行家说储能 昨日，国家能源局发布《2024年度中国电力市场发展报告》，这也是国内首份在国家层面发布的电力市场年度报告。报告提出，新型储能、虚拟电厂等新业态加速 发展，为新型电力系统建设注入新动能。 2025年随着全国统一电力市场体系逐步建成，储能项目的盈利模式将发生结构性变化。在此背景下，数智化浪潮和储能技术正成为重构能源体系的双重引擎，并助 力储能参与电力市场的灵活调度和交易。 在电力市场改革迈入深水区，数智化储能的关键节点，如何探索算力与电力融合的新路径，如何卡位、如何重构储能产业 格局？ 为响应国家政策，系统梳理电力市场改革和数智化浪潮下的新型储能产业变革，推动储能产业的数智化转型发展步伐，行家说储能依托行家说Research专业研究团 队，联合产业头部企业，正式启动 《行家说储能白皮书：2025电力市场与数智化储能调研报告》 的编制工作。 该白皮书聚焦电力市场改革、数智化技术融合、虚拟电厂与商业创新等重要议题，通过一手调研数据，深入探讨AI、大数据、物联网等如何赋能储能创新，探索储 能参与虚拟电厂、电力交易的市场化路径，挖掘储能多样化的商业新模式，为行业参与电力市场以及数智化转型发展提供全面的参考。 ...

1. 5月中国减持9亿美元美债，连续3个月减持。 2. 首单数据资产赋能ABS在上交所发行。 3. 10只科创债ETF上市首日规模增长164%至765亿元。 4. 英皇国际寻求将银行贷款到期日延长至2027年底。 5. 中金公司50亿公司债券将于7月24日付息。 6. 金隅集团80亿公司债券发行申请获上交所受理。 7. 花旗看好新兴市场主权债券，押注利率下行及美元走弱。 8. 世茂集团：境外债务重组生效日期将为7月21日。 9. 华发租赁住房三号第一期ABS成功发行，底层资产大连华发山庄。 10. 远洋控股"21远洋01"公司债分期偿还本金，存续规模26亿。 金十数据整理：每日债券市场要闻速递（2025-07-18） ...

Core Viewpoint - The company is facing significant challenges, including a 97% stock price drop, a cumulative loss of 1.2 billion, and the closure of 219 stores in one year, prompting the launch of the "Feng Huan Chao" partner program to empower employees as store partners [1][11][12] Group 1: "Feng Huan Chao" Partner Program - The "Feng Huan Chao" program aims to incentivize frontline employees, with the first batch of 21 core employees becoming partners, focusing on operational managers and store managers [5][7] - The partnership model involves a tripartite shareholding structure among partners, the company, and executives, allowing partners to focus on store performance while the company provides funding and brand support [5][6] - This internal partnership approach is designed to bind talent and activate the organization, transforming employees from executors to decision-makers, thereby enhancing responsibility and loyalty [7][8] Group 2: Market Challenges and Strategic Shifts - The company is navigating a rapidly changing hot pot market, facing challenges from competitors and internal struggles, including a significant decline in the performance of its high-end brand, Coucou [3][10][14] - The company has accumulated losses of 1.183 billion from 2021 to 2024, with a peak loss of 401 million in 2024, largely attributed to the underperformance of Coucou [11] - The company is shifting focus away from the high-end market, which has seen competitors like Haidilao and Banu gaining traction, while it struggles to maintain its customer base [17][18] Group 3: Food Safety and Quality Control - The partner program mandates that all partner stores must integrate into a global supply chain and management system to ensure food safety and service standards, mitigating risks commonly associated with traditional franchise models [12] - Recent complaints about food safety issues highlight the need for stringent quality control measures, reinforcing the importance of the new management structure [12][20] Group 4: Market Position and Future Outlook - The hot pot market is projected to grow, with a significant increase in small hot pot establishments, but the company faces challenges in positioning itself within this competitive landscape [18][19] - The company must prioritize quality and value to regain market share, as competitors are increasingly encroaching on its target demographic with lower-priced offerings [20][21]

欧盟理事会当地时间18日投票通过了天然气储存条例的修订提案。根据该提案，欧盟成员国在冬季来临 前维持足够 天然气储备的现行要求将被再延长两年。欧盟此举意在降低因俄乌冲突引发的天然气价格 波动风险，同时努力在保障能源安全与恢复市场机制之间寻求平衡。 (央视新闻) ...

Market Overview - The A-share market has been experiencing a continuous upward trend, with the Shanghai Composite Index reaching a new closing high for the year on July 18, rising by 0.5% [1] - A total of 2,603 stocks rose, while 2,567 stocks fell, indicating a generally positive market sentiment [2] Stock Performance - The total trading volume reached 15,933.19 billion, with a total of 5,418 stocks traded [3] - The rare earth permanent magnet sector saw significant gains, with companies like China Northern Rare Earth Group and Dongfang Zirconium hitting the daily limit [4] - The innovative drug concept sector remained active, with Anglikang hitting the daily limit and Borui Pharmaceutical rising over 10%, both reaching historical highs [6] Sector Highlights - Lithium mining stocks also showed strong performance, with companies like Jinyuan Co. and Shengxin Lithium Energy hitting the daily limit [7] - The photovoltaic sector faced adjustments, with Yamaton hitting the daily limit down [9] - The photolithography machine concept sector strengthened towards the end of the trading day, with Haili Co. hitting the daily limit and Zhongrun Optics showing significant gains [11] Federal Reserve Developments - Federal Reserve Chairman Jerome Powell defended a $2.5 billion renovation project against criticism from White House officials, emphasizing the responsible use of public resources [13] - The renovation project has faced scrutiny due to rising costs attributed to inflation, as noted by Federal Reserve Governor Christopher Waller [14]

央行征求意见：取消对债券回购的质押券进行冻结的规定 智通财经7月18日电，中国人民银行研究起草了《中国人民银行关于修改部分规章的决定（征求意见 稿）》，现向社会公开征求意见。《决定》主要包括以下内容：一是明确上海清算所是债券登记托管结 算机构的法定地位。二是为便于公开市场买卖国债等货币政策操作和促进债券市场高水平对外开放，取 消对债券回购的质押券进行冻结的规定。三是根据现行实践，修改金融债券信息披露管理的有关规定。 ...

7月17日，北京城建投资发展股份有限公司（以下简称"城建发展"）发布公告称，公司于前一 日召开董事会， 选举齐占峰为公司第九届董事会董事长。 记者丨张敏 编辑丨张伟贤 齐占峰今年55岁，毕业于中国矿业大学，曾任北京市首都公路发展集团有限公司总会计师， 2023年加入北京城建集团有限责任公司（以下简称"北京城建集团"），现任北京城建集团党委 常委、总会计师。 约一个月前，城建发展完成了党委书记的更换。出自北京城建集团体系、担任城建发展总经理 的邹哲，成为城建发展党委书记。 至此，城建发展正式完成一把手的变更，并形成"邹哲+齐占峰"的管理层组合。 21世纪经济报 道了解到，齐占峰早就被提名为城建发展董事长的人选，此次是经董事会程序后，正式完成调 整。 北京城建集团是北京市建筑业的龙头企业。城建发展是北京城建集团旗下的房地产上市公司， 承担着为母公司贡献现金流的重任。 前些年，城建发展业绩表现稳定，归母净利润保持着每年十几亿元的规模。但受楼市调整等因 素影响，公司归母净利润在2021年降至6.4亿元，近乎腰斩。2022年出现首次亏损，亏损额 9.26亿元。 在2023年短暂地扭亏为盈后，去年城建发展再度出现亏损， ...