硅料硅片板块盘初异动拉升，双良节能盘中直线涨停。 8月1日早盘，A股三大指数低开高走，三大指数盘中集体飘红。 | 名称 | 序号 | 现价 | 涨跌 | 涨跌幅 | | --- | --- | --- | --- | --- | | 上证指数 | 1 | 3574.58 | 1.37 | 0.04% | | 深证成指 | 2 | 11058.23 | 48.46 | 0.44% | | 北证50 | 3 | 1426.65 | 3.77 | 0.27% | | 万得全A | 4 | 5582.87 | 15.77 | 0.28% | | 科创50 | 5 | 1048.39 | 0.52 | 0.05% | | 创业板指 | 6 | 2342.62 | 14.31 | 0.61% | | 沪深300 | 7 | 4079.32 | 3.72 | 0.09% | | 中证500 | 8 | 6247.43 | 21.09 | 0.34% | 盘面上，华为算力概念、软件服务、仓储物流等涨幅居前，保险、旅游、PCB概念等跌幅居前。 另外，多晶硅期货主力合约拉升翻红，此前一度跌逾4%。消息面上，工信部印发《2025年 ...

人民财讯7月31日电，7月31日早盘，三大指数表现分化，截至午间收盘，沪指跌0.68%，深证成指跌 0.45%，创业板指涨0.43%。盘面上看，辅助生殖概念大涨，共同药业、利德曼等涨停；医药板块走 强，奥翔药业、康缘药业等多只个股涨停；液冷服务器概念走强，英维克二连板；创新药概念、CPO概 念、软件服务板块等涨幅居前；周期股走弱，煤炭、钢铁、石油、有色等板块跌幅居前，水产品概念、 房地产、电力、保险等也走弱。全市场半日成交金额逾1.1万亿元，超3400只个股下跌。 转自：证券时报 MACD金叉信号形成，这些股涨势不错！ ...

Core Viewpoint - Bill Holdings has experienced significant stock decline despite consistent revenue growth, presenting a potential investment opportunity given its low price-to-sales ratio and large addressable market [1][12][16] Company Overview - Bill Holdings offers a suite of software products aimed at streamlining accounts payable, accounts receivable, and expense management for small and mid-sized businesses (SMBs) [1][4] - The company serves nearly 488,600 business customers and has a network of over 9,000 accounting firms that utilize and recommend its software [7][8] Product Offerings - Bill's flagship product is a cloud-based inbox for managing invoices, which automates routing for approvals and integrates with third-party accounting software [5] - The company also provides an accounts receivable platform for creating and tracking invoices, as well as an expense management tool for budgeting and spending oversight [6] Financial Performance - In the fiscal 2025 third quarter, Bill generated $358.2 million in revenue, marking an 11% year-over-year increase and exceeding management's forecast [9] - Despite this positive performance, management lowered its full-year revenue guidance for fiscal 2025 by $6.5 million to $1.455 billion [9] Market Potential - Bill estimates an addressable market of over 72 million SMBs globally, with these businesses executing $135 trillion in payments annually, indicating substantial growth potential for the company [15] - The current processing volume of $318 billion represents only a small fraction of the total market opportunity [15] Economic Context - Macroeconomic uncertainties, including tariffs and global trade tensions, may impact consumer spending and SMBs' financial activities, posing risks to Bill's revenue [10][11] - The company's revenue is primarily derived from transaction fees, making it sensitive to broader economic conditions [11] Investment Consideration - The stock's price-to-sales ratio has decreased to 3.2 from a peak of around 100 in 2021, suggesting it may be undervalued at present [12] - While short-term recovery may be challenging due to economic uncertainty, the long-term potential remains compelling for investors willing to adopt a multi-year perspective [14][16]

关于航天宏图信息技术股份有限公司 航天宏图信息技术股份有限公司（以下简称"公司"、"航天宏图"）于 公司 2024 年年度报告的信息披露监管问询函》（上证科创公函【2025】0137 号） （以下简称"《年报问询函》"）。国信证券股份有限公司（以下简称"国信证 券"或"保荐机构"）作为航天宏图的持续督导机构，现对《年报问询函》提及 的相关问题出具专项意见如下： 日被军队采购网暂停采购资格，至今资格尚未恢复，公司暂无法参加特种领域储 备项目的投标。2024 年度，公司实现营业收入 15.75 亿元，同比下降 13.39%， 归母净利润-13.93 亿元，同比下降 277.94%。其中第二季度营业收入同比下降 润同比下降 248.99%。 请你公司：（1）按照特种和民用应用领域列示近两年营业收入及占比、营 业成本、毛利率及同比变动情况；（2）结合在手订单、营业收入变动等说明军 采资格暂停对公司经营的影响，军采资格恢复的进展情况，相关事项对公司持续 经营影响的风险揭示是否充分和及时；（3）说明公司第二季度和第四季度营业 收入降幅相对较小的情况下，归母净利润大幅下降的原因及合理性。请年审会计 师对问题（3）发表意见。 ...