证券研究报告 | 策略点评 申万一级行业表现：电子、通信、计算机在行业涨跌幅榜居前；石油石 化、钢铁、农林牧渔在行业涨跌幅榜居后。 概念板块表现：总体来看，连板、炒股软件、自主可控概念表现相对较 好；航空运输、西藏振兴、动物疫苗概念表现相对较差。 风险提示 2025 年 08 月 22 日 投资要点 分析师：孟之绪 执业编号：S0300524080001 电话： 邮箱：mengzhixu@ykzq.com 投资策略研究 粤开市场日报-20250822 今日关注 今日主要指数涨跌幅：沪指涨跌幅为 1.45%，深证成指涨跌幅为 2.07%， 创业板指涨跌幅为 3.36%。 股市有风险，投资需谨慎。 请务必阅读最后特别声明与免责条款 www.ykzq.com 1 / 5 | 一、市场回顾 | 3 | | --- | --- | | 二、风险提示 | 3 | | 图表 1： | | --- | | 今日主要指数涨跌幅（%）及概念板块表现 3 | 策略点评 一、市场回顾 图表1：今日主要指数涨跌幅（%）及概念板块表现 二、风险提示 股市有风险，投资需谨慎 请务必阅读最后特别声明与免责条款 www.ykzq.com 3 ...

Group 1 - The stock market reached a new high on August 22, with the Shanghai Composite Index breaking 3800 points during the afternoon session [1] - Key sectors leading the market include GPU, servers, stock trading software, and optical communication, while sectors such as pet economy and air transportation experienced significant declines [1] - Despite the index reaching a new high, individual stock performance showed significant divergence, with a general trend of "more declines than gains" across the market [1] Group 2 - The "hard technology" sector saw a comprehensive surge, with the Sci-Tech Innovation 50 Index rising over 5% [1] - Notably, Cambrian's stock surged over 16% during the session, pushing its total market capitalization above 500 billion yuan [1]

Group 1 - As of August 7, 2025, China Eastern Airlines' stock price is 3.83 yuan, with an increase of 0.02 yuan, representing a rise of 0.52% from the previous trading day [1] - The company is one of the three major state-owned airline groups in China, primarily engaged in air passenger and cargo transportation, with a route network covering major domestic and international cities [1] - On August 7, China Eastern Airlines' Jiangxi branch launched a direct flight route from Nanchang to Singapore, operated by an Airbus A320, with three flights per week, achieving over 90% seat occupancy on the inaugural flights [1] Group 2 - The recent adjustment of aircraft models has sparked industry discussions, with several airlines stating that model changes do not constitute part of transportation contracts, although consumer complaints about declining experiences have increased [1] - On August 7, the net inflow of main funds for China Eastern Airlines was 1.1151 million yuan, while the net outflow over the past five days reached 29.2304 million yuan [1]

Core Points - The 2025 Zhengzhou Cross-Border E-Commerce Conference and Foreign Trade Quality Products China Tour (Henan Station) will be held from May 29 to 31 in Zhengzhou, focusing on the theme "Buy Global, Sell Global" [6][9] - The event will feature a combination of a "1+3+1" format, including a main conference, three specialized sessions, and an exhibition [6][7] - The exhibition will cover over 15,000 square meters and will be free for attendees, showcasing products from more than 300 foreign trade enterprises [9][11] Group 1 - The main event will take place on the morning of May 29, with an expected attendance of around 1,000 participants, including senior figures from the cross-border e-commerce sector [6][7] - Keynote speakers will include leaders from various international organizations and high-ranking executives from major e-commerce platforms, discussing trends in cross-border e-commerce and digitalization [6][12] - The three specialized sessions will focus on international cooperation, collaboration among Henan cross-border e-commerce entrepreneurs, and innovations in air freight logistics [7][8] Group 2 - The Foreign Trade Quality Products China Tour aims to assist foreign trade enterprises facing challenges and to promote the integration of domestic and foreign trade [9][10] - The exhibition will feature seven major categories, including food and agricultural products, home goods, clothing, and industrial tools, with a focus on high-quality products [10] - The event will utilize both online and offline strategies, including live streaming and partnerships with major e-commerce platforms to broaden sales channels [10][11] Group 3 - The event will also include participation from major logistics companies and payment service providers, enhancing the networking opportunities for attendees [12] - The organizers have invited diplomats and officials from various countries to foster international cooperation and exchange of ideas [12]

Group 1 - The international passenger numbers in the US are expected to decline by 8.7% this year due to tariff policies and other factors [17] - The report indicates that US tariff threats may lead to a decrease in Germany's GDP [17] Group 2 - China's e-commerce achieved stable growth from January to April [8] - In April, the total turnover of air transportation maintained double-digit growth [9]