| | 华夏基金 张千洋 | | --- | --- | | | 华夏久盈 谢达成 | | | 民森投资 王旷辰 | | | 温氏投资 黎明 | | | 华商基金 刘静远 | | | 鸿竹资产 费征帅 | | 时间 | 2025年7月9日、2025年7月10日、2025年7月11日 | | 地点 | 陕西华达会议室 | | 上市公司接待人员 | | | 姓名 | 董事会秘书 宋晓敏 | | | 1.公司对2025年的预期如何？ | | | 答：公司商业航天在手订单正在加快交付，无人机方向已 | | | 形成批量供货，公司将不断拓展战略新兴领域，以应对防务领 | | | 域需求的阶段性波动。在民品业务板块，公司也将持续发力， | | | 与重点客户紧密协作，深度挖掘合作潜能，不断拓宽合作领域。 | | | 同时，公司坚持降本增效、精益管理，不断提升内部运营效率。 | | | 2.公司在航天和防务领域有何优势？ | | | 答：公司最早配套航天领域可追溯到东方红卫星，有丰厚 | | | 的技术积淀和项目履历。同时，公司加大科技创新投入，结合 | | 投资者关系活动主 | 自身在航天领域、防务领域的技术优势，积极发 ...

以下文章来源于富国基金 ，作者前瞻布局 富国基金 . 关注富国基金，获取富国基金独家专业又有料的投资资讯，富二姑娘为您提供专业服务。富国基金，投资未 来 · 在一起。 市 场 总 是 充 满 惊 喜 —— 时 隔 8 个 月 ， A 股 重 新 站 上 3500 点 ， 机 器 人 、 创 新 药 、 光 伏 等 赛 道 表 现 活 跃，。这不仅仅是简单的指数反弹，更是"政策暖风+产业升级+资金重构"三重共振下的新起点。 站在这个关键节点，我们不禁要问：AI应用爆发在即，哪些公司能真正兑现业绩？创新药出海加速， 如何捕捉下一个10倍牛股？港股估值洼地，持续吸引南向资金，哪些资产被严重低估？下面特别梳理 了主流券商研究所2025下半年最为关注的投资主线，助力客官把握市场脉搏，在新起点上，实现高效 布局! 展望2025下半年：市场主流投资机会在哪里？ 站在年中节点回望，A股上半年的震荡如同为下半场蓄力的弓弦，三大力量正悄然拧成合力： 政策底的"加法效应"，政策已从"托底"转向"发力"、盈利周期的"V型曙光"刺破阴霾、全球科技的"同 频共振"更添变数。对于当下的市场，我们普遍认为它更像是"五月的麦田"：政策是阳光， ...

转自：大众报业·齐鲁壹点 齐鲁晚报·齐鲁壹点记者 周国芳 闫聪 王世宇 在山东威海临港区蔄山镇，有这样一家企业——山东威达机械股份有限公司。如今，博世、史丹利百得、牧田等全球大牌电钻工具上， 用的都是它生产的钻夹头，产品已连续24年产销量位居世界第一。 从濒临倒闭的痛苦蜕变，到站在市场巅峰的自信从容，威达用近40年对钻夹头的极致专注，诠释了"隐形冠军"的真正内涵。所谓"隐 形"，是俯身深耕的沉潜姿态；而"冠军"，则是时间对专注者最诚实的加冕。 困境中寻转机：从花生油到钻夹头 钻夹头是电动工具行业及机床行业的主要附件之一，广泛应用于手电钻、钻床上。目前，世界上主要有三大夹头制造商：山东威达机械 股份有限公司、美国Jacobs公司和德国ROHM公司。其中威达的产量最大，自2017年至今连续上榜工信部制造业单项冠军示范企业。 鲜有人知，如今已成行业巨头的威达，前身是一家濒临倒闭的乡镇企业。故事要从上世纪八十年代说起。那时的威达，还是一个仅有18 名职工、全部家当只有两万多元，主业是榨花生油和制水泥管的小乡镇企业。在当时的大环境下，这样的企业在市场浪潮中摇摇欲坠。 1984年，前董事长杨桂模临危受命，成为了企业的当家 ...

土耳其高级官员：库尔德工人党武装分子在伊拉克交还武器，标志着解除武装进程进入第三阶段。库尔 德工人党解除武装被视为"不可逆转的转折点"，是实现无恐怖主义未来的机会。土耳其致力于优先考虑 该地区的裁军、稳定和持久和解。 ...

Core Insights - The Central State-Owned Enterprises Innovation-Driven Index (000861) has seen a 0.25% increase as of July 11, 2025, with notable stock performances from China Shipbuilding (600150) up 7.38% and Shengke Communication (688702) up 5.43% [3] - China Shipbuilding has forecasted a net profit of 2.8 billion to 3.1 billion yuan for the first half of 2025, representing a year-on-year growth of 98.25% to 119.49% due to favorable industry conditions and improved order structure [3] - The Central State-Owned Enterprises Innovation-Driven ETF (515900) has reached a new high of 3.38 billion yuan in scale, ranking in the top quarter among comparable funds [4] Performance Metrics - The Central State-Owned Enterprises Innovation-Driven ETF has achieved a 6.05% net value increase over the past year, with a maximum monthly return of 15.05% since inception [4] - The ETF has a historical holding probability of 97.51% for profit over three years, with an average monthly return of 3.97% during up months [4] - As of July 10, 2025, the ETF has a tracking error of 0.037% over the past five years, indicating the highest tracking precision among comparable funds [5] Sector Insights - The defense and military industry is experiencing strong performance, driven by geopolitical tensions and the establishment of a low-altitude economy working group, with positive developments expected in military trade and commercial aerospace [4] - Despite high overall industry valuation levels, specific sectors like marine equipment remain at historical lows, presenting structural investment opportunities [4] - The top ten weighted stocks in the Central State-Owned Enterprises Innovation-Driven Index account for 34.87% of the index, with key players including Hikvision (002415) and China Shipbuilding (600150) [5]

Group 1 - The China Aerospace and Aviation Industry Index (CN5082) has seen a strong increase of 1.02% as of July 11, 2025, with notable gains in constituent stocks such as Yaguang Technology (300123) up 4.15% and Beifang Navigation (600435) up 4.13% [1] - The Aerospace and Aviation ETF (159227) has risen by 0.55%, with the latest price reported at 1.1 yuan [1] - The China Astronaut Research and Training Center held a press conference on July 9, where astronauts shared their experiences from a 183-day mission in space [1] Group 2 - The Aerospace and Aviation ETF (159227) tracks the China Aerospace Index and has a high concentration in the defense and military sector, with a weight of 98.2%, making it the purest military ETF in the market [2] - The ETF focuses on aerospace capabilities, with a significant weight of 66.5% in the "Aerospace + Aviation Equipment" category within the secondary industry [2] - As of June 30, 2025, the top ten weighted stocks in the China Aerospace and Aviation Industry Index (CN5082) account for 49.42% of the index, including companies like Guangqi Technology (002625) and AVIC Shenyang Aircraft Corporation (600760) [2]

Group 1 - The China Defense Index (399973) has increased by 0.97% as of July 11, 2025, with notable gains from stocks such as Hongyuan Electronics (603267) up 4.62% and Beifang Navigation (600435) up 4.27% [1] - The Defense ETF (512670) has risen by 0.91%, with the latest price at 0.78 yuan, and has seen a trading volume of 1.72 billion yuan [1] - The Defense ETF has achieved a new high in scale, reaching 6.493 billion yuan, and has experienced continuous net inflows totaling 9.47 billion yuan over the past week [1] Group 2 - The Defense ETF closely tracks the China Defense Index, which includes listed companies under the top ten military groups and those providing equipment to the armed forces [2] - As of June 30, 2025, the top ten weighted stocks in the China Defense Index account for 43.29% of the index, with notable companies including AVIC Shenyang Aircraft (600760) and AVIC Engine (600893) [2] - The management and custody fees for the Defense ETF are the lowest among its peers at only 0.40% [2]

受市场活跃回暖、稳定币概念等因素催化，证券板块行情活跃。另外，市场行情活跃，沪指突破3500点 创年内新高。 今日，股市风向标——证券ETF（512880）大涨3%，近10日净流入额超10亿元，当前规模超312亿元位 居同类首位。 通过并购重组，同一或相似股东下的资源整合有望提速，行业内上市公司盈利能力有望加速修复。而另 一方面，在大力建设金融强国之路上，通过并购重组等方式加快建设一流投资银行的政策支持是对证券 行业估值时不可忽视的长逻辑。 证券ETF（512880）跟踪中证全指证券公司指数，集齐A股各大龙头证券公司，有望一键捕捉A股向上 弹性，当前规模超300亿元位居同类第一，流动性占优。感兴趣的投资者可以关注相关布局机会。 注：如提及个股，仅供参考分析，不构成任何投资建议。指数/基金短期涨跌幅及历史表现仅供分析参 考，不预示未来表现。市场观点随市场环境变化而变动，不构成任何投资建议或承诺。文中提及指数仅 供参考，不构成任何投资建议，也不构成对基金业绩的预测和保证。如需购买相关基金产品，请选择与 风险等级相匹配的产品。基金有风险，投资需谨慎。 消息面，7月10日晚间，国盛金控发布2025年半年度业绩预告，预 ...

Group 1 - The core viewpoint of the news highlights the significant profit growth forecasts for major Chinese shipbuilding companies, China Shipbuilding and China Shipbuilding Industry Corporation, with expected net profit increases of 98%-119% and 182%-238% respectively for the first half of the year [1] - The Shanghai Stock Exchange has approved the share swap merger plan between China Shipbuilding and China Shipbuilding Industry Corporation, which is expected to create the largest and most comprehensive listed shipbuilding giant globally, positioning it as a key player in China's entry into the high-end equipment market [1] - The defense and military industry sector is showing positive performance, with the Defense and Military ETF (512810) experiencing significant capital inflows, having attracted over 100 million yuan in the last 10 trading days [3] Group 2 - Analysts from Guolian Minsheng Securities believe that the defense and military sector will remain a favorable investment option amid the current trend of global multipolarity, with the industry poised to experience three pivotal turning points: the "14th Five-Year Plan," "domestic demand acceleration," and "foreign trade orders from 0 to 1" [3] - The Defense and Military ETF (512810) has undergone a share split to lower the trading threshold, reducing the price from approximately 120 yuan to around 60 yuan, making it more accessible for investors [3] - The ETF covers a wide range of themes, including traditional military forces and emerging sectors such as commercial aerospace, deep-sea technology, military AI, low-altitude economy, and large aircraft [3]

新华社太原7月10日电（记者许雄）巍巍太行，亿万年雄峙天地间，默默俯瞰中州大地的沧桑巨变；英 雄儿女，五千载薪火相传，用热血与赤诚谱写民族的悲喜兴衰。 "八路军驻进村里，说话总是和和气气，还主动帮老乡挑水、打扫院子，给大伙儿讲抗日救国的道理。 一下子就打消了我们心里'好人不当兵，好铁不打钉'的老观念。当时我就想，能跟这样的队伍在一起准 没错，随后就报名参加了八路军。那时候啊，参加八路军是真光荣！"武乡籍八路军老战士李金水回忆 起参军往事，眼中仍闪烁着激动的光芒。 "八路军在砖壁村时，专门发布过'树叶训令'和'野菜训令'。'树叶训令'规定不许在村里榆树上摘榆 钱，'野菜训令'要求战士们不准在村庄周围五里内挖野菜，要把近处方便采摘的野菜留给群众。"八路 军总部砖壁旧址纪念馆讲解员肖建廷说。 在砖壁村，记者见到了朱德总司令当年居住的房屋。令人动容的是，这间屋子位于院落南侧，更像一间 普通门房。肖建廷解释："当地有句俗话'有钱不住东南房，冬不暖来夏不凉'，但朱老总坚持住在这 里，把采光最好、最舒适的正房留给了房东。" "过去没公路的时候，砖壁村三面环深沟、一面靠大山，地理条件十分隐蔽。八路军把总部设在这里， 是经过细 ...