Group 1 - The dairy sector experienced a decline of 0.06% as of the market close on June 30, ranking among the top losers in concept sectors [1][2] - Major stocks within the dairy sector that saw significant declines include Yangguang Dairy, *ST Tianshan, and Huanlejia, while stocks that increased include Lihigh Food, Miaokelando, and Ketaobiotech, with respective gains of 3.35%, 2.66%, and 1.30% [1][2] - The dairy sector faced a net outflow of 221 million yuan from main funds today, with 25 stocks experiencing net outflows, and 9 stocks seeing outflows exceeding 10 million yuan [2][3] Group 2 - The top net outflow stock was Yili Group, with a net outflow of 37.59 million yuan, followed by Huanlejia, Beiyinmei, and Yangguang Dairy, with net outflows of 37.47 million yuan, 36.78 million yuan, and 20.36 million yuan respectively [2][3] - Conversely, the stocks with the highest net inflow included New Dairy, Miaokelando, and Panda Dairy, with net inflows of 22.16 million yuan, 3.98 million yuan, and 3.12 million yuan respectively [2][3] - The overall trading activity in the dairy sector showed that 13 stocks increased while others faced declines, indicating mixed investor sentiment [1][2]

6月最后一天，港股三大指数尾盘突发跳水。 截止收盘，恒指跌0.87%险守24000点，国指、恒科指分别下跌0.96%及0.72%，单日市场情绪表现平淡。 | 代码 | 名称 | 最新价 | 涨跌额 | | 涨跌幅 月初至今涨跌↓▽ | 年初至今涨跌幅 | | --- | --- | --- | --- | --- | --- | --- | | 800000 | 恒生指数 | ○ 24072.28 | -211.87 | -0.87% | 3.36% | 20.00% | | 800100 | 国企指数 | 8678.30 | -84.17 | -0.96% | 2.92% | 19.05% | | 800700 | 恒生科技指数 | 5302.82 | -38.61 | -0.72% | 2.56% | 18.68% | 不过港股整个6月以飘红收官，半年度表现十分强劲，新消费、稳定币概念异军突起，稀土、黄金股亮眼。 其中，恒指、国指、恒科指6月分别累涨3.36%、2.92%、2.56%，半年度累计涨幅分别为20%、19.05%、18.68%。 今日盘面上，大型科技股涨少跌多，前期助力大市上涨的大金融股多数延 ...

Core Insights - The report indicates that after breaking through key index levels, there is still short-term upward potential for the stock market, with a focus on growth and thematic investments rather than just index performance [2][14] - Financial stocks have shown strong performance recently, driven by factors such as the stablecoin concept, regulatory changes, and favorable macroeconomic conditions [5][18] - The report emphasizes that the key drivers for the Chinese stock market in 2025 will be the continuous emergence of industrial innovation and a systematic reduction in market discount rates, which will attract new investments [14][16] Market Analysis - The financial sector has outperformed the market for nearly two months, with the Hang Seng Financial Index rising by 15.6% and A-share non-bank financial sector increasing by 10.2% since early May [5][18] - Historical analysis shows that financial stock rallies are often driven by liquidity, fundamentals, or policy events, with varying outcomes based on the sustainability of these drivers [6][19] - The report suggests that the current financial stock rally is supported by a combination of stablecoin innovations, new public fund regulations, and easing geopolitical tensions [5][18] Sector Recommendations - The report recommends focusing on sectors with long-term growth potential, including technology, new consumption trends, and financial stocks, particularly brokers and banks [3][17] - Specific sectors highlighted for investment include internet, media, robotics, defense, and innovative pharmaceuticals in technology growth [3][17] - The report also points to opportunities in cyclical consumption sectors such as metals and chemicals, as well as high-dividend yielding stocks in the financial sector [3][17] Policy and Economic Environment - The report notes that favorable macroeconomic policies and structural reforms in the capital market are crucial for improving investor sentiment and risk appetite [14][16] - Key policy developments include the implementation of a special program for corporate debt repayment in Hunan, which is expected to support economic stability in the second half of 2025 [14][16] - The anticipated listing of science and technology bond ETFs and the resumption of the fifth set of listing standards for the Sci-Tech Innovation Board are expected to enhance financing options and lower interest rates [14][16]

截至6月27日收盘，F5G概念上涨1.66%，位居概念板块涨幅第9，板块内，29股上涨，新亚电子涨停， 中际旭创、ST特信、德科立等涨幅居前，分别上涨6.71%、4.59%、4.46%。跌幅居前的有上港集团、星 网锐捷、梅安森等，分别下跌1.20%、0.75%、0.53%。 | 002429 | 兆驰股 | 1.86 | 1.09 | 3067.18 | 14.19 | | --- | --- | --- | --- | --- | --- | | | 份 | | | | | | 300252 | 金信诺 | 3.72 | 14.41 | 2744.64 | 3.18 | | 301191 | 菲菱科 | 1.74 | 6.94 | 1187.14 | 4.40 | | | 思 | | | | | | 000070 | ST特信 | 4.59 | 2.68 | 1183.16 | 6.35 | | | 铭普光 | | | | | | 002902 | 磁 | 0.59 | 8.47 | 915.78 | 2.98 | | | 初灵信 | | | | | | 300250 | 息 | 1.50 | 13.24 ...

This article has been reviewed according to Science X's editorial process and policies . Editors have highlighted the following attributes while ensuring the content's credibility: Online gaming platform Roblox is popular with children and teenagers. A gardening game created by a teenager on online platform Roblox has attracted a record 21 million simultaneous players, a figure rarely seen in the industry. "You could quite easily never have heard of Grow a Garden... and yet it is by some measures the big ...

Market Performance - The brain-computer interface concept declined by 1.40%, ranking among the top declines in concept sectors, with major declines seen in Rongtai Health, Beiqing Song, and Innovation Medical [1] - The top gainers in the sector included Jihua Group, Dongfang Zhongke, and Yanshan Technology, which rose by 1.57%, 0.38%, and 0.37% respectively [1] Concept Sector Overview - The leading concept sectors for the day included: - Military Equipment Restructuring: +8.73% - Electronic ID: +2.89% - Domestic Aircraft Carrier: +2.19% - Military Informationization: +2.05% - Brain-Computer Interface: -1.40% [2] Fund Flow Analysis - The brain-computer interface sector experienced a net outflow of 940 million yuan, with 27 stocks seeing net outflows, and 5 stocks exceeding 50 million yuan in outflows [2] - The stock with the highest net outflow was ST Huatuo, with a net outflow of 309 million yuan, followed by Hanwei Technology, Innovation Medical, and Tom Cat with net outflows of 109 million yuan, 63 million yuan, and 58 million yuan respectively [2] Individual Stock Performance - The stocks with the highest net outflows in the brain-computer interface sector included: - ST Huatuo: -2.51%, turnover rate 2.25%, net outflow 30.89 million yuan - Hanwei Technology: -2.03%, turnover rate 11.85%, net outflow 10.94 million yuan - Innovation Medical: -4.28%, turnover rate 17.95%, net outflow 6.31 million yuan [3]

Core Viewpoint - Guiyang is making significant strides in building an eco-civilization, achieving remarkable results in environmental protection and green industry development, while promoting public participation in these efforts [1][5]. Environmental Improvement - In 2024, Guiyang achieved an ambient air quality excellent rate of 99.5%, ranking 4th among 168 key cities in China, with a 100% compliance rate for surface water quality [2]. - All 107 rivers in Guiyang have eliminated inferior V-Class water bodies for the first time, showcasing the city's success in atmospheric and water environment treatment [2]. Technological Advancements - Guanshanhu District has implemented a grid-based monitoring platform utilizing IoT, sensors, drones, and AI for eco-environment quality analysis [3]. - The Pilot Project of A7 Group Catering Oil and Fume has received no complaints since 2025, indicating effective environmental management [3]. Green Industry Development - Guiyang has transformed from a coal-producing township to a tea cultivation hub, promoting ecological and economic development through the cultivation of ancient tea trees [5]. - The tea products from Guiyang are now exported globally, demonstrating the success of this transformation [5]. Community Initiatives - A newly renovated drainage system in Chayuan Village effectively separates rainwater and sewage, improving the living environment for residents [6]. - The Guanshanhu District Eco-Civilization Exhibition Hall serves as a demonstration site for eco-civilization achievements and biodiversity [7]. Public Engagement - Guizhou Qianling Mountain Park, which is free to the public, attracts over 10 million visitors annually, promoting the concept of harmonious coexistence between humans and nature [8]. - Guiyang plans to continue implementing the "Eco-city" strategy, contributing to the construction of eco-civilization in China [8].

晨会纪要（2025/06/26） 编辑人 崔健 022-28451618 SAC NO：S1150511010016 cuijian@bhzq.com 证 券 研 究 报 告 晨 会 纪 要 请务必阅读正文之后的声明 渤海证券股份有限公司具备证券投资咨询业务资格 1 of 6 晨会纪要（2025/06/26） 宏观及策略研究 按图索骥：技术生命周期模型的科技投资借鉴——A 股市场专题策略报告 公司研究 力传感器龙头企业，传感器森林布局日趋完善——柯力传感（603662）公司 深度报告 行业研究 把握创新主线，关注业绩反转板块——医药生物行业 2025 年半年度投资策略 报告 渤海证券研究所晨会纪要（2025.06.26） 宏观及策略研究 按图索骥：技术生命周期模型的科技投资借鉴——A 股市场专题策略报告 宋亦威（证券分析师，SAC NO：S1150514080001） 严佩佩（证券分析师，SAC NO：S1150520110001） 靳沛芃（研究助理，SAC NO：S1150124030005） 1、引言： 2025 年初以来，以 Deepseek 为代表的人工智能技术突破和人形机器人概念的兴起，带来了科技板 ...

| 代码 | 简称 | 今日涨跌幅（%） | 今日换手率（%） | 主力资金流量（万元） | | --- | --- | --- | --- | --- | | 601857 | 中国石油 | -0.23 | 0.09 | -6916.72 | | 002828 | 贝肯能源 | -9.69 | 41.32 | -5266.28 | | 603800 | 洪田股份 | 2.19 | 8.44 | -4473.55 | | 600938 | 中国海油 | 0.31 | 1.14 | -4219.14 | | 300157 | 新锦动力 | -6.32 | 21.63 | -4008.72 | | 600256 | 广汇能源 | 0.17 | 0.86 | -3740.25 | | 002097 | 山河智能 | 0.24 | 5.12 | -2519.68 | | 301158 | 德石股份 | -0.35 | 9.02 | -1771.74 | | 000552 | 甘肃能化 | 0.41 | 0.85 | -1284.88 | | 300084 | 海默科技 | -3.15 | 16.73 | -1237. ...

Group 1 - The core viewpoint of the news highlights the significant rise in the value of stablecoin-related stocks, driven by favorable market conditions and increased trading activity, with the financial technology ETF Huaxia (516100) rising by 5.29% [1] - The global scale of stablecoins has reached $300 billion, indicating rapid development and a strong market presence [1] - Stablecoins are recognized for their value stability, low transaction costs, and suitability for cross-border payments, aligning with the trends of digital economic development [1] Group 2 - The Huaxia financial technology ETF tracks the CSI Financial Technology Theme Index, which includes sectors such as software development, internet finance, and the digital currency industry, with a stablecoin content of 20.66%, the highest among all ETFs in the market [2] - The current regulatory environment for stablecoins is evolving, with overseas legislation confirming their legal status and regulatory frameworks, which is expected to support long-term development [1] - Domestic policies in China are characterized by a central bank-led and strictly regulated approach to digital currencies, limiting direct involvement of listed companies in stablecoin-related businesses, but cross-border payment companies and financial IT firms may benefit indirectly from the stablecoin trend [1]