每日市场观察 2025 年 7 月 21 日 盘面回顾： 中证全指上午以横盘震荡为主，下午一度回落至开盘点位附近，尾盘再 度拉起，最终以红线收盘，延续了前一交易日的上涨趋势。金属、能源 类板块涨幅领先，游戏、消费电子板块跌幅较大。军工概念股涨跌不一， 内部分化较为明显。 板块机会： 近期市场整体表现较好，中证全指走出稳健上行趋势。但板块持续性较 差，轮动速度明显较快。此背景下，短周期策略相对更有效果。科技领 域（包括 AI、算力软硬件等）由于链博会、显卡解禁等催动事件，近期 出现多股轮番上涨局面，值得关注。 后市策略： 建议仍以短周期策略为主，结合半年报披露、下半年策略预期等因素， 布局算力、新消费等兼具政策支持和市场潜力的方向。中长线投资者建 议以基本面分析为基础，根据不同标的的估值水平，构建多维度投资策 略。 【市场回顾】 市场概况：7 月 18 日，市场全天震荡分化，沪指创年内收盘新高，创 业板指创年内新高后回落。截至收盘，沪指涨 0.5%，深成指涨 0.37%， 创业板指涨 0.34%。 【资金面】 【今日关注】 主力资金流向：7 月 18 日，上证净流入 197.58 亿元，深证净流入 60.16 ...

Group 1: Company Performance Overview - In Q1 2025, the company achieved revenue of approximately 7.29 billion CNY, representing a year-on-year increase of 7.96% [1] - The net profit attributable to shareholders was approximately 413 million CNY, a year-on-year decrease of 27.3% [2] - The net profit excluding non-recurring gains and losses was about 384 million CNY, down 33.81% year-on-year, primarily due to a decline in chemical product prices [2] Group 2: Market and Operational Adjustments - The company is actively adjusting production and sales strategies in response to market demand fluctuations and changes in oil prices [2] - The company emphasizes energy conservation and efficiency improvements to mitigate market risks and maximize economic benefits [1] Group 3: Dividend Policy - The profit distribution plan for 2024 proposes a cash dividend of 3.50 CNY per 10 shares (tax included), which has already been implemented [2] - Future dividend plans will consider operational performance, cash flow, and shareholder returns, adhering to regulatory requirements [2] Group 4: Competition and Market Strategy - The company signed a framework cooperation agreement with a subsidiary of Haohua Technology to address competition issues related to certain products [2] - The company will continue to monitor market trends and adjust strategies to maintain production and sales balance [2]