Market Overview - On July 30, the Shanghai Composite Index rose by 0.17%, while the CSI 300 fell by 0.02%, the STAR Market 50 dropped by 1.11%, the CSI 1000 decreased by 0.82%, and the ChiNext Index declined by 1.62%. The Hang Seng Index also fell by 1.36% [5] - The best-performing industries on July 30 were steel (+2.05%), oil and petrochemicals (+1.84%), media (+0.99%), food and beverage (+0.86%), and social services (+0.65%). The worst-performing industries included electric equipment (-2.22%), computers (-1.59%), automobiles (-1.27%), defense and military (-1.06%), and communications (-0.95%) [5] - The total trading volume for the entire A-share market on July 30 was 1,870.976 billion yuan, with a net inflow of 11.714 billion Hong Kong dollars from southbound funds [5] Important Recommendations - The report highlights Jinghua New Materials (603683) as a leading enterprise in adhesive new materials, with growth potential in electronic skin technology [6] - The recommendation logic is based on the expectation that the industrialization of electronic skin sensors will exceed expectations, driven by the domestic substitution of optical adhesive materials and the successful implementation of electronic skin technology [6] - Revenue projections for Jinghua New Materials from 2025 to 2027 are estimated at 2,233.66 million yuan, 2,636.90 million yuan, and 3,162.50 million yuan, with growth rates of 18.50%, 18.05%, and 19.93% respectively. Net profit is projected to be 82.30 million yuan, 120.78 million yuan, and 159.19 million yuan, with growth rates of 22.78%, 46.75%, and 31.80% respectively [6] Important Insights - The current redemption pressure in the bond market is primarily concentrated on the fund side, which has now entered the later adjustment phase. Investors are advised to wait for right-side signals [7] - Key indicators suggest that the current bond market redemption wave is in the later adjustment phase, with the 10Y government bond yield rising by 8 basis points, nearing the upper limit of adjustments seen in previous redemption waves [8] - Fund net selling has significantly decreased from a peak of 137.2 billion yuan to 17.1 billion yuan, indicating a notable alleviation of selling pressure [8]