从板块来看，超级水电概念股维持强势，中国电建等多股涨停。 券商、保险等金融股集体走强， 国 盛金控涨停。钢铁股冲高回落，柳钢股份7天6板。下跌方面，军工股展开调整，长城军工等多股跌 超5%。 板块方面，超级水电、证券、保险、钢铁等板块涨幅居前，海南自贸区、军工、特高压、电池等板 块跌幅居前。截至收盘，沪指涨0.75%，深成指涨0.31%，创业板指涨0.72%。 今日A股早盘震荡走高，三大指数小幅上涨， 沪指站上3600点 再创年内新高 。 沪深两市半日成交 额1.14万亿，较上个交易日放量8.7亿。盘面上热点较为杂乱，个股跌多涨少，全市场超3100只个股 下跌。 ...

Macro Overview - In the first half of 2023, China's wholesale and retail industry added value reached 6.8 trillion yuan, with a year-on-year growth of 5.9%, accounting for 10.3% of GDP, providing strong support for expanding domestic demand and strengthening the domestic circulation [4] - The "Housing Rental Regulations" will take effect on September 15, 2025, establishing a rental price monitoring mechanism to curb issues such as deposit deductions and short-term payments for long-term leases [4] - The Ministry of Human Resources and Social Security is promoting the expansion of the basic pension insurance fund's entrusted investment scale and is researching further standardization of investment operation information reporting and disclosure systems [4] Industry Dynamics - The World Health Organization plans to officially release new guidelines for treating adult obesity based on GLP-1 therapy in September, with related stocks including Hanyu Pharmaceutical and East China Pharmaceutical [6] - Solid-state batteries are progressing from laboratory stages to mass production verification, with related stocks including Liyuanheng and XianDao Intelligent [6] - Neuralink, owned by Elon Musk, achieved a milestone by completing two surgeries in one day, with related stocks including Aipeng Medical and Innovation Medical [6] Company Focus - Dayu Water-saving has established project accumulation in Tibet and surrounding areas, aiming to seize the investment window for water conservancy in Tibet [8] - Wankai New Materials has seen monthly orders for its Linker Hand series exceed 1,000 units [8] - China Shipbuilding Emergency has organized a professional team to actively participate in large-scale hydropower projects [8] - Zoomlion Heavy Industry is expected to play a key role in the construction of the lower reaches of the Yarlung Tsangpo River hydropower project [8] Market Review and Outlook - On July 22, 2023, the market experienced a slight increase, with the Shanghai Composite Index rising by 0.62%, the Shenzhen Component Index by 0.84%, and the ChiNext Index by 0.61%, all reaching new highs for the year [10] - The market showed a mixed structure with most profits concentrated in the super hydropower concept, while over 2,700 stocks declined [10] - The trading volume reached 1.89 trillion yuan, an increase of 193.1 billion yuan compared to the previous trading day [10] - The super hydropower concept saw significant gains, with various sectors such as water conservancy, cement, and engineering construction performing well [11] - The market is expected to continue its consolidation phase, with a healthy structure of rising prices and increasing volumes, before any significant downturn occurs [11]

Core Viewpoint - The super hydropower concept stocks are maintaining strong performance, with multiple stocks hitting the daily limit up in trading [1] Group 1 - Super hydropower concept stocks opened strong, with over ten stocks including Tibet Tianlu, Zhejiang Fu Holdings, China Power Construction, and others reaching the daily limit up [1]

Market Overview - The market experienced a strong upward trend today, with all three major indices reaching new highs for the year. The Shanghai and Shenzhen stock exchanges recorded a total trading volume of 1.89 trillion yuan, an increase of 193.1 billion yuan compared to the previous trading day. The Shanghai Composite Index rose by 0.62%, the Shenzhen Component Index by 0.84%, the ChiNext Index by 0.61%, and the CSI A500 Index by 0.84% [1][3]. Foreign Investment and Market Sentiment - A significant improvement in foreign investment has been observed, with a net increase of 10.1 billion USD in domestic stocks and funds in the first half of the year, reversing the trend of net reductions over the past two years. This indicates a growing willingness of global capital to allocate to A-shares. Additionally, the number of new accounts opened in the Shanghai Stock Exchange reached 12.6 million in the first half of the year, a year-on-year increase of 32.8% [3]. Industry Analysis: Photovoltaic Sector - The photovoltaic industry is expected to see marginal improvements due to the "anti-involution" policies aimed at addressing overcapacity and disorderly competition. The policies have been clearly defined in recent government meetings, focusing on traditional high-energy-consuming industries and new productive sectors like photovoltaics and automobiles [3][4]. - The photovoltaic sector has the highest proportion of loss-making companies and industry concentration among the "anti-involution" industries, making it a prime candidate for accelerated capacity clearance and financial improvement [4]. Industry Analysis: Coal Sector - The coal sector has seen a significant increase, with the coal ETF rising by 8.25% amid rumors of production limits from the National Energy Administration. However, these rumors have not been officially confirmed. The demand for coal has surged due to high temperatures, with daily coal consumption reaching 6.33 million tons, a year-on-year increase of 9.42% [7][9]. - On the supply side, coal imports have decreased significantly, with June imports at 33.04 million tons, the lowest in nearly two years. The "anti-involution" policies are expected to further control and optimize coal production capacity in the medium to long term [7][9]. Industry Analysis: Construction and Materials - The construction and materials sectors are benefiting from new demand driven by major projects like the Yarlung Tsangpo River hydropower project, which has a total investment of approximately 1.2 trillion yuan. The project is expected to stimulate demand across multiple industry chains, including infrastructure and materials [10]. - The "anti-involution" policies are also being implemented in the construction sector, with the Ministry of Industry and Information Technology announcing a new round of measures to stabilize growth in key industries, including construction materials and steel [10][11]. Investment Opportunities - Investors are encouraged to consider ETFs related to the photovoltaic sector (ETF 159864), coal sector (ETF 515220), and construction materials (ETF 159745) as potential investment opportunities, given the favorable market conditions and policy support [5][9][11].

Core Viewpoint - The market experienced a strong upward trend, with major indices reaching new highs for the year, driven by significant trading volume and a focus on the "hydropower station" sector [3][4]. Group 1: Market Performance - The market saw a total trading volume of 1.89 trillion, an increase of 193.1 billion compared to the previous trading day [3]. - All three major indices showed unexpected strength, indicating a potential recovery from previous losses [3]. - The market's upward movement was supported by "mysterious funds," particularly in the financial sector, suggesting strategic repositioning by investors [3]. Group 2: Sector Highlights - The "hydropower station" sector continued to show strong performance, with several stocks reaching their daily limit [4]. - Other sectors such as steel, coal, and cement also performed well, with multiple stocks hitting their daily limit [3]. - In contrast, the computing power sector faced adjustments, with stocks like Yuke falling over 5% [3]. Group 3: Investor Sentiment - There is a concern regarding the lack of differentiation within the "hydropower station" sector, as many stocks are experiencing similar price movements without significant trading volume changes [4]. - The market is currently in a rotation phase, with funds shifting from various sectors into "hydropower station" related stocks [5].

收评：三大指数小幅上涨均创年内新高 两市成交额近1.9万亿 智通财经7月22日电，市场全天震荡走高，三大指数盘中均创年内新高。沪深两市全天成交额1.89万亿，较上个交易日放量1931亿。盘面上，市场热点集中 在大基建方向，个股跌多涨少，全市场超2700只个股下跌，连续两日逾百股涨停。从板块来看，超级水电概念股持续爆发，中国电建等多股涨停。钢铁、煤 炭、水泥等反内卷方向集体走强，潞安环能等多股涨停。下跌方面，算力方向展开调整，优刻得等跌超5%。板块方面，超级水电、工程机械、煤炭、水泥 等板块涨幅居前，智谱AI、元件、软件开发、游戏等板块跌幅居前。截至收盘，沪指涨0.62%，深成指涨0.84%，创业板指涨0.61%。 昨涨停今表现 7.44% 高开率 80% 获利率 89% 89.00% 封板 105 触及 13 | O | 50 | 100 | ラロJ火測里 ・ | | --- | --- | --- | --- | | | | | 1.89万亿 [ +1931亿 | 涨停表现 封板率 ...

新华财经北京7月22日电 （王媛媛）市场早盘探底回升，三大指数小幅上涨，创业板指领涨。截至午间 收盘，沪指报3568.78点，涨0.25%，成交4901亿元；深证成指报11069.57点，涨0.56%，成交6470亿 元；创业板指报2312.74点，涨0.69%，成交3026亿元。 板块方面，超级水电、钢铁、光伏设备、电池等板块涨幅居前，智谱AI、银行、游戏、软件开发等板 块跌幅居前。 盘面热点 盘面上，超级水电概念股维持强势，中国电建等多股涨停。光伏概念股再度反弹，亿晶光电涨停。固态 电池概念股表现活跃，德新科技涨停。下跌方面，银行股展开调整，厦门银行跌超3%。 个股跌多涨少，全市场超2700只个股下跌。 机构观点 富荣基金：权益市场情绪依旧高涨，上证指数一举站稳3500点。短期随着外部不确定性的逐步缓解，建 议重点关注高成长产业，如AI、机器人、创新药等。同时国内 "反内卷"政策正密集进入落地期，工信 部总工程师在国新办新闻发布会上表示，钢铁、有色金属、石化、建材等十大重点行业的稳增长工作方 案即将出台，核心重点是"调结构、优供给、淘汰落后产能"。随着细分行业供给端政策的持续发 布，"反内卷"相关的周期板 ...

Core Viewpoint - The A-share market showed a slight recovery after a dip, with the three major indices experiencing minor increases despite a majority of stocks declining [1] Market Performance - The Shanghai and Shenzhen markets recorded a half-day trading volume of 1.14 trillion, an increase of 51.3 billion compared to the previous trading day [1] - Over 2,700 stocks in the market experienced declines, indicating a broad-based downturn [1] Sector Analysis - The super hydropower concept stocks remained strong, with companies like China Power Construction hitting the daily limit [1] - The photovoltaic sector rebounded, with Yijing Photovoltaic also reaching the daily limit [1] - Solid-state battery concept stocks were active, with Dexin Technology hitting the daily limit [1] - In contrast, bank stocks underwent adjustments, with Xiamen Bank dropping over 3% [1] Index Performance - By the end of the trading session, the Shanghai Composite Index rose by 0.25%, the Shenzhen Component Index increased by 0.56%, and the ChiNext Index gained 0.69% [1]

Core Viewpoint - The market showed a slight recovery in the morning session, with the three major indices experiencing small gains, while the overall market saw more declines than advances among individual stocks [1] Market Performance - The total trading volume in the Shanghai and Shenzhen markets reached 1.14 trillion, an increase of 51.3 billion compared to the previous trading day [1] - The Shanghai Composite Index rose by 0.25%, the Shenzhen Component Index increased by 0.56%, and the ChiNext Index gained 0.69% [1] Sector Performance - Super water and electricity concept stocks maintained strong performance, with companies like China Power Construction hitting the daily limit [1] - Photovoltaic concept stocks rebounded, with Yijing Photovoltaic also reaching the daily limit [1] - Solid-state battery concept stocks were active, with Haopeng Technology hitting the daily limit [1] - In contrast, bank stocks underwent adjustments, with Xiamen Bank declining by over 3% [1] - The sectors with the highest gains included super water and electricity, steel, photovoltaic equipment, and batteries, while sectors with the largest declines included AI, banking, gaming, and software development [1]

点评：消息面上，国家投资建设1.2万亿的超级水电项目日前宣布开工。上海证券表示，大规模水电站开工提升了钢铁、建材等相关需求，叠加中央财经委 员会第六次会议提出"推动落后产能有序退出"，相关行业供给侧改革预期升温，预计雅鲁藏布江下游水电工程对能源行业产业深远影响。 | | 雅鲁藏布江水电站(02GN2378) | | | --- | --- | --- | | | 1207.54 +89.25 +7.98% | | | 股票名称 | 最新价 | 主力净流入 | | 铁建重工 科 688425 | 5.93 | 9786.8万 | | 筑博设计 图 300564 | 20.86 | 978.8万 | | 唯万密封 图 301161 | 35.51 | 6891.8万 | | 大宏立 图 300865 | 43.85 | -8373.1万 | | 冠龙节能 图 301151 | 25.56 | -565.8万 | 机构观点 7月22日，A股延续反弹 。截至9:48，沪指跌0. 01%，深成指涨0. 22%，创业板指涨0.58 %。 盘面上，超级水电概念股继续大涨，民爆、工程机械、水利、水泥建材、新型城镇化、电网设备 ...