Core Viewpoint - The market experienced a mixed performance with the Shanghai Composite Index rising by 0.32% despite over 4100 stocks declining across the market [1] Market Performance - The Shanghai Composite Index briefly rose over 1% approaching 3500 points during the trading session [1] - The total trading volume in the Shanghai and Shenzhen markets reached 1.43 trillion, an increase of 118.8 billion compared to the previous trading day [1] - At market close, the Shanghai Composite Index was up 0.32%, while the Shenzhen Component Index and the ChiNext Index fell by 0.25% and 0.36% respectively [1] Sector Performance - Bank stocks showed strength, with several stocks like Pudong Development Bank reaching new historical highs [1] - Stablecoin concept stocks experienced a volatile rebound, with stocks like Jingbeifang hitting the daily limit [1] - Power sector stocks remained active, with Huayin Electric also hitting the daily limit [1] - In contrast, solid-state battery concept stocks underwent adjustments, with companies like Xinyu Ren falling over 10% [1] Sector Trends - The sectors with the highest gains included stablecoins, gaming, banking, and electricity [1] - The sectors with the largest declines included solid-state batteries, beauty care, rare earth permanent magnets, and non-ferrous metals [1]

今日A股 市场早盘探底回升，三大指数小幅上涨，沪指续创年内新高。沪深两市半日成交额8628 亿，较上个交易日放量708亿。盘面上热点较为杂乱，个股跌多涨少，全市场超3700只个股下跌。 从板块来看，银行股再度走强，浦发银行等多股再创历史新高。 稳定币概念股震荡反弹，京北方等 涨停。电力股持续活跃，华银电力等涨停。下跌方面，固态电池概念股展开调整，信宇人等跌超 5%。 板块方面，游戏、稳定币、银行、电力等板块涨幅居前，固态电池、稀土永磁、有色金属、军工电 子等板块跌幅居前。截至收盘，沪指涨0.41%，深成指涨0.05%，创业板指涨0.18%。 ...

洲宁衣现 封板率 午评：沪指半日涨0.41% 浦发银行等近10只银行股再创历史新高 智通财经7月4日电，市场早盘探底回升，三大指数小幅上涨，沪指续创年内新高。沪深两市半日成交额8628亿，较上个交易日放量708亿。盘面上热点较为 杂乱，个股跌多涨少，全市场超3700只个股下跌。从板块来看，银行股再度走强，浦发银行等多股再创历史新高。稳定币概念股震荡反弹，京北方等涨停。 电力股持续活跃，华银电力等涨停。下跌方面，固态电池概念股展开调整，信宇人等跌超5%。板块方面，游戏、稳定币、银行、电力等板块涨幅居前，固 态电池、稀土永磁、有色金属、军工电子等板块跌幅居前。截至收盘，沪指涨0.41%，深成指涨0.05%，创业板指涨0.18%。 | 上证指数 | 深证成指 | 创业板指 | | --- | --- | --- | | -3475.24 | -10540.00 | -2168.03 | | +14.09 +0.41% | +5.42 +0.05% | +3.95 +0.18% | | 701 | 177 | 100 | 67.00% 封板 33 触及 16 昨涨停今表现 1.54% 高开率 71% 获利率 56% ...

Report Industry Investment Rating No relevant content provided. Core View of the Report On July 4, 2025, the news about stock index futures was calm, and the market was expected to fluctuate with a slight upward trend. On July 3, all the current-month contracts of the four major stock index futures rose, with IF up 0.69%, IH up 0.16%, IC up 0.42%, and IM up 0.44%. [1] Summary by Relevant Catalogs Stock Index Futures Data Tracking - **Closing Prices and Fluctuations**: The closing prices of various stock index futures contracts showed different degrees of increase. For example, IF2507 closed at 3946.6, up 0.69%; IH2507 closed at 2707.6, up 0.16%; IC2507 closed at 5874, up 0.42%; IM2507 closed at 6279.4, up 0.44%. [1] - **Basis**: The basis of each contract was negative, indicating that the futures prices were lower than the spot prices. For instance, the basis of IF2507 was -21.47, IH2507 was -16.95, IC2507 was -48.66, and IM2507 was -63.24. [1] - **Trading Volume and Open Interest**: The trading volume and open interest of different contracts changed. In terms of trading volume, IF total trading volume increased by 2786 lots, while IH decreased by 3073 lots, IC decreased by 523 lots, and IM decreased by 2775 lots. Regarding open interest, IF total open interest decreased by 481 lots, IH decreased by 1877 lots, IC increased by 1566 lots, and IM increased by 2566 lots. [1][2] Top 20 Member Position Changes - **Long and Short Positions**: The long and short positions of the top 20 members in different contracts changed. For example, in IF2507 - IF2508, the long positions decreased by 688 (not announced for IF2508), and the short positions increased by 116 (not announced for IF2508). [5] Trend Intensity - The trend intensity of IF and IH was 1, and that of IC and IM was also 1, indicating a neutral trend according to the classification range of [-2, 2]. [6] Important Drivers - **US Market**: The US non - farm payrolls exceeded expectations, leading to a significant drop in the expectation of Fed rate cuts, a decline in US Treasury bonds, and a fall of about 1.4% in gold at one point. The tech stocks were strong, with the Nasdaq rising over 1%. The US added 147,000 non - farm jobs in June, and the unemployment rate unexpectedly dropped to 4.1%. [7] - **Chinese A - share Market**: The Shanghai Composite Index rose 0.18%, the Shenzhen Component Index rose 1.17%, and the ChiNext Index rose 1.9%. The A - share market traded 1.33 trillion yuan throughout the day, down from 1.41 trillion yuan the previous day. Some concept stocks such as innovative drugs, solid - state batteries, and Apple concept stocks performed well, while most military stocks declined. [7]

Market Overview - The A-share market experienced a significant rally, with all three major indices rising, and the Shanghai Composite Index reaching a new high for the year at 3461.15 points, up 0.18% [1] - The Shenzhen Component Index closed at 10534.58 points, up 1.17%, while the ChiNext Index rose 1.90% to 2164.09 points [1] - The total market turnover exceeded 1.33 trillion yuan, with over 3200 stocks advancing [1] Consumer Electronics Sector - The consumer electronics sector showed strong performance, with an overall increase of 2.83%, ranking third among industry sectors for the day [2] - Notable individual stock performances included Lens Technology rising over 11%, and Industrial Fulian hitting the daily limit, with a net inflow of 20.23 billion yuan [2] - Analysts predict strong order growth for Industrial Fulian in the next 3 to 5 years, driven by robust demand from cloud service providers [2][3] PCB and Computing Power Industry - The PCB and computing power-related stocks saw a collective rise, with the PCB concept sector increasing by 3.27% [4] - Key players like Dongshan Precision and Shenghong Technology reached new highs, with Dongshan Precision planning to complete the acquisition of Solstice Optoelectronics by Q3 [4] - The overall outlook for the communication sector is improving, particularly for light module leaders, driven by surging AI demand in North America [5] Solid-State Battery Sector - The solid-state battery sector rebounded, with an overall increase of 1.77%, and 173 stocks within the sector rising [7] - Notable performers included Hong Kong Technology rising nearly 16% and Huasen Lithium rising over 15% [7] - The solid-state battery industry is accelerating its industrialization process, with expectations for long-term growth as performance improves [8]

Market Overview - The A-share market experienced a significant rebound on July 3, with the ChiNext index leading the gains. The Shanghai Composite Index rose by 0.18%, the Shenzhen Component Index increased by 1.17%, and the ChiNext index surged by 1.9% [2] - A total of 3,271 stocks in the two markets rose, with 66 stocks hitting the daily limit up, while 1,866 stocks declined [3] Sector Performance - The computing hardware sector saw a notable increase, with PCB and related stocks leading the charge. Companies such as Zhongjing Electronics, Bomin Electronics, and Jin'an Guoji hit the daily limit up [4] - The innovative drug concept stocks continued their strong performance, with companies like Weiming Pharmaceutical and Shenzhou Cell also hitting the daily limit up [6] Notable Stock Movements - In the computing hardware sector, several stocks showed significant gains, including: - Yimeng New Materials (20.00% increase, current price 32.64) - Zhongyi Technology (19.99% increase, current price 23.89) - Tongguan Copper Foil (13.67% increase, current price 13.80) [5] - In the innovative drug sector, notable performers included: - Guangshengtang (20.00% increase, current price 42.78) - Shenzhou Cell (19.99% increase, current price 73.34) - Shanghai Yizhong (10.82% increase, current price 55.22) [7] Battery Sector - The solid-state battery sector saw a surge in the afternoon, with companies like Dazhongnan, Hongtian Co., and Zhongyi Technology hitting the daily limit up [8] Semiconductor Industry - The U.S. government has lifted export licensing requirements for chip design software sales to China, a move that is part of a broader trade agreement aimed at easing restrictions on key technologies [11] - Major EDA (Electronic Design Automation) companies, including Synopsys, Cadence Design Systems, and Siemens, have been notified that they no longer need government approval to operate in China, which is expected to enhance their business prospects in the region [12][13] - The EDA market, valued at $11.5 billion, is dominated by these three companies, which collectively hold a 74% market share [13] - Following the announcement, stocks of Synopsys and Cadence saw significant gains in after-hours trading [15]

固态电池概念股大东南（002263）午后上演"地天板"，成交金额超23亿。 ...

Market Overview - A-shares opened higher with the three major indices showing fluctuations and gains, particularly in aerospace and military, as well as Apple concept stocks [1][7] - The Hang Seng Index opened slightly higher but saw declines in the morning session, with steel stocks experiencing a pullback while Apple concept stocks rose [2][3] A-share Performance - As of the report, the Shanghai Composite Index fell by 0.22% to 3447.04, while the Shenzhen Component Index rose by 0.31% to 10444.52, and the ChiNext Index increased by 0.76% to 2139.87 [1] - The performance of various indices included: - Shanghai Composite Index: 3447.04, -7.75, -0.22% - Shenzhen Component Index: 10444.52, +31.89, +0.31% - ChiNext Index: 2139.87, +16.15, +0.76% [1] Hong Kong Market Performance - The Hang Seng Index dropped by 1.06% to 23965.68, while the Hang Seng Tech Index fell by 0.94% to 5219.58 [2][3] - Notable declines included Alibaba dropping nearly 3% and Meituan and Xiaomi falling over 2% [9] Bond Market - The bond market showed mixed results, with the 30-year main contract down by 0.03% and the 10-year, 5-year, and 2-year contracts showing slight increases [4][20] - Specific bond performance included: - 30-year contract: 121.12, -0.04, -0.03% - 10-year contract: 109.130, +0.020, +0.02% [4] Sector Highlights - The commercial aerospace sector saw significant gains, with stocks like Xicai Testing hitting the daily limit and others like Tianyin Electric and China Satellite Communications rising over 5% [19] - The Apple concept stocks experienced a surge, with Industrial Fulian rising over 7% and other companies like Zhaoman Technology and GoerTek also seeing increases [16][18] - The innovative pharmaceutical sector was active, with stocks like Sile Medical and ShenZhou Cell rising over 5% [14][15] Commodity Market - Domestic commodity futures showed upward trends, particularly in the black series, with glass futures rising over 3% and other commodities like焦煤 and iron ore also seeing gains [26]

Group 1 - The solid-state battery concept stocks experienced a collective decline, with Xingye Co., Ltd. hitting the daily limit down [1] - Other companies such as Dadongnan, Silica Treasure Technology, Shanghai Washba, and Xiangfenghua fell over 5% [1] - Additional companies like Jinlongyu, Tianji Co., Ltd., Defu Technology, and Yinglian Co., Ltd. also saw declines [1]

Group 1 - The solid-state battery industry has seen significant progress in commercialization this year, with related stocks experiencing substantial gains, including a doubling in price for companies like Jinlongyu, Xinyuren, Keheng Co., and Shanghai Xiba [1] - Shanghai Xiba's 2024 annual report mentions solid-state batteries over 60 times, indicating a strong focus on this technology, yet the actual investment in this area has been minimal, raising concerns about potential misleading statements [1][4] - The company's high frequency of mentioning solid-state batteries contrasts sharply with its low investment levels, leading to suspicions of misleading disclosures and potential regulatory violations [1][4] Group 2 - Despite the stock price surge, Shanghai Xiba's controlling shareholder announced plans to reduce holdings by up to 3%, raising questions about the motivations behind this decision amid the company's stock price increase [3] - The controlling shareholder has engaged in multiple internal share transfers to private funds since 2022, which has led to further scrutiny regarding the transparency of these transactions [3] - Shanghai Xiba's financial performance has been declining, with a significant drop in net profit from 40.73 million yuan in 2022 to 14.19 million yuan in 2024, indicating deteriorating profitability and cash flow [4]