Core Viewpoint - 佛燃能源 reported a slight decline in revenue for Q3 2025, while net profit showed a modest increase, indicating mixed performance in the financial results [1] Financial Performance - The company achieved an operating revenue of 8.164 billion yuan in Q3 2025, representing a year-on-year decrease of 0.16% [1] - The net profit attributable to shareholders was 181 million yuan, reflecting a year-on-year growth of 4.07% [1] - Basic earnings per share stood at 0.12 yuan [1]

Economic Indicators - The July PMI data will be released on July 31, with June's manufacturing PMI at 49.7%, an increase of 0.2 percentage points from the previous month, indicating continued improvement in manufacturing sentiment [2]. Monetary Policy - The Federal Reserve will announce its latest interest rate decision on July 31, with expectations to maintain a wait-and-see approach in July, potentially starting rate cuts in September, as current economic indicators do not show signs of a slowdown or significant inflation risk [4][5]. Regulatory Developments - Hong Kong's Stablecoin Regulation will come into effect on August 1, with the Hong Kong Monetary Authority emphasizing the need for careful implementation to prevent market speculation and financial risks [6]. Corporate Earnings - Major tech companies including Microsoft and Meta will report their earnings on July 30, while Apple and Amazon will follow on July 31. Boeing is set to disclose its performance on July 29 [7]. Stock Market Activity - Over 1,000 billion yuan worth of restricted shares will be unlocked from July 28 to August 1, totaling 3.385 billion shares across 54 companies, with a peak on July 28 when 26 companies will unlock shares worth 454.26 billion yuan [9][10]. New Stock Offerings - Three new stocks will be available for subscription next week: Tianfulong on July 28, Youli Intelligent on July 29, and Guangdong Jianke on August 1 [12][13].