两大因素决定短线突破力度 由此可见，随着大金融主线的成功"点火"，A股市场的交易情绪迅速升温。与此同时，在周二，上证综指创出2025年以来的新高，也进一步强化 了市场参与者对后续行情的乐观预期。 李晶昀 AI图 周二A股市场在早盘呈现出犹豫徘徊的态势，但在午后，以券商股为代表的大金融主线再度发力，推动主要股指相继拓展涨幅。上证综指更是创 出2025年以来的年内新高，在日K线图上形成突破态势，从而进一步提振了市场参与者对后续行情的乐观预期。 迎来新催化剂 从盘面来看，多头喜迎新的做多催化剂。一是美联储鸽声再起，更有乐观者预期新一轮降息周期有望开启。这对于A股来说，无疑是一个积极的 增量信息。一方面是因为在去年9月底，正是因为美联储的降息信息，使得市场参与者相信中国经济体有了更为乐观的稳增长空间。所以，A股多 头积极加仓，引发了"9.24行情"。故，当新的降息信息传来后，良好的回忆迅速推动着增量资金加仓，从而推动着A股在近期出现了强有力的拉升 行情。另一方面则是因为美联储降息之后，会使得全球流动性趋于乐观，从而给港股、A股带来更多的全球资本配置的增量资金。所以，港股、A 股在近两个交易日持续上涨。 二是稳定货币主 ...

面对海量院校信息与复杂的填报规则，山东联通联合华中师范大学两大国家级科研机构打造的"高考U选"智慧平台， 成为考生手中的"智慧导航"。平台依托强大的大数据与AI算法，深度整合院校实力、学科优势、专业特色等多维度信 息，构建了覆盖全国高校的全景数据库。它将繁复的志愿填报过程科学解构为"自我评估—信息收集—选科适配—模 拟填报—确认提交"的清晰五步法，化繁为简。 十年磨剑，今朝试锋。当最后一门考试的铃声落下，千万考生走出考场，迎接他们的不仅是短暂的休憩，更是一场关 乎未来航向的重要抉择——高考志愿填报。在这场无声的战役中，山东联通以敏锐的洞察力与强烈的社会责任感，精 心构建起"技术+资源+专家"的全方位服务体系，用坚实的数字力量与温暖的人文关怀，为学子的梦想之路保驾护航。 新高考背景下，平台的"科目组合反向查询"功能有效避免了考生因选科不符而错失心仪院校或专业的遗憾。其"模拟填 报"功能则能根据考生具体情况，智能生成基于"冲、稳、保"策略的个性化志愿方案。搭配"U选课堂"的专业指导视 频，考生得以在信息海洋中拨云见日，掌握填报核心技巧。上线至今，"高考U选"平台已累计开展线下公益讲座80余 场，线上公益直播超10 ...

Group 1: Investor Relations Activity - The investor relations activity was a targeted research event held on June 23, 2025, via an online meeting [3] - Attendees included multiple securities firms and asset management companies, totaling over 30 participants [4] Group 2: Company Expansion Plans - The company plans to expand its automated production base and R&D center, focusing on the development and production of precision sliding rails for home appliances and servers [3] - The new projects will be located in Huishan District, Wuxi, covering an area of 25,000 square meters, with completion expected by April 2026 [4] Group 3: Market Demand and Production Capacity - Compared to the same period last year, there has been an increase in market demand for server sliding rails, and the company currently has sufficient production capacity to meet existing orders [5] Group 4: Product Development - The company's sliding rail products are categorized into five types: 1. Ball-type sliding rails, widely used and lightweight 2. Friction-type sliding rails, suitable for small server chassis with a load capacity of around 30 kg 3. L-type products, designed for heavy server chassis with a load capacity of 120-150 kg 4. Tray-type products, primarily for liquid-cooled servers 5. Square tube-type products, suitable for heavy server chassis requiring cabinet transport [6] Group 5: Hinge Product Direction - The company's hinge products are primarily aimed at embedded refrigerators, which are increasingly popular in the market due to their seamless integration with cabinetry [7] - These hinges are designed to allow the refrigerator door to open fully, utilizing multi-link hinges with variable tracks [8]

Core Insights - The company is transforming retail through a combination of technology and data, creating immersive shopping experiences that go beyond traditional product displays [1][7] - Five themed areas have been developed: Smart Supermarket, Colorful Beauty Zone, Immersive Home Pavilion, Smart Fitting Room, and Future Children's City, each designed to engage customers' senses and emotions [1][3][4][5] Themed Areas - The Smart Supermarket features a fresh food section that simulates morning dew and snack shelves that evoke childhood memories through sound effects, creating an atmospheric backdrop for products [1] - The Colorful Beauty Zone utilizes smart mirrors for virtual makeup applications, providing personalized recommendations based on skin tone and trends [3] - The Immersive Home Pavilion adapts lighting and music to different themes, enhancing the experience of furniture and home goods [4] - The Future Children's City combines interactive installations and educational games, ensuring a safe environment for exploration [5] Data-Driven Insights - Data plays a crucial role in optimizing customer experiences by analyzing foot traffic and interaction hotspots, allowing for dynamic adjustments in product placement and visual focus [7] - High-potential products are strategically placed in prime visibility areas, while underperforming items are revitalized through thematic displays [7] - The integration of data-driven decision-making enhances conversion rates and creates a more engaging shopping environment [7] Future Retail Vision - The combination of technology and data is redefining retail spaces into emotionally resonant experience zones, where each purchase becomes a journey of both rational and emotional fulfillment [7] - The thematic experiences driven by data are subtly stimulating deeper consumer desires, elevating commercial value to new heights [7]

Core Insights - The TK e-commerce project by Yiwu Miaoxiang Business Company attracts many ordinary individuals due to its low entry barriers and systematic support, but participants must understand key factors to minimize risks and achieve profitability [1] Group 1: Understanding E-commerce - Participants need a fundamental understanding of e-commerce processes, including product selection, market positioning, platform operation, and customer service, especially in cross-border e-commerce which involves different market demands, cultural differences, and regulations [3] Group 2: Risk Control and Financial Management - The TK e-commerce project carries inherent risks such as market competition, currency fluctuations, supply chain issues, and logistics delays, necessitating careful financial planning and risk assessment by participants [4] Group 3: Continuous Learning and Innovation - Success in the e-commerce industry requires ongoing learning and innovation, as market dynamics and consumer demands are constantly changing, thus participants should stay updated on industry trends and enhance their operational strategies [6] Group 4: Patience and Long-term Vision - Achieving success in the TK e-commerce project is a gradual process, requiring participants to maintain patience and a long-term perspective, as profitability typically accumulates over time through careful product selection, platform management, and brand development [7] Conclusion - Engaging in the TK e-commerce project is feasible for ordinary individuals, but it necessitates a focus on market learning, financial management, risk control, and continuous innovation to thrive in a competitive landscape [9]

Core Insights - The demand for compliant small loan platforms is increasing among the younger demographic as they seek to manage their finances effectively [1][3] - Platforms like Weibo Borrow are leveraging technological innovation and strict compliance systems to provide safer lending options for users [1][5] Group 1: Youth Consumption Trends - A survey by Nandu Big Data Research Institute and Weibo Wallet indicates that nearly 60% of respondents from the "post-2005" generation control their back-to-school budgets within 3000 yuan, primarily spending on daily necessities (84.33%) and electronics (59.18%) [3] - Quality (59.59%) and price (53.61%) are the primary considerations in their consumption decisions, reflecting a trend towards rational spending [3] - Despite rational consumption, some students face short-term funding gaps, particularly for larger purchases like electronics, leading them to consider small loans as a temporary solution [3] Group 2: Financial Behavior of Young Professionals - A survey shows that young professionals, especially those with 2-3 years of work experience, experience significant spending pressure in areas like housing and lifestyle upgrades [3] - When facing financial constraints, 20.4% of this demographic resort to credit cards or bank loans, while 10.8% utilize online loan platforms, highlighting the demand for convenient borrowing tools [3][4] Group 3: Financial Fraud and Compliance - A report indicates that nearly 50% of university students or their peers have encountered financial fraud, with common scams including online investment and gambling fraud [5] - Weibo Borrow has established a robust anti-fraud capability, with its "Shentu" risk prevention system identifying over 150 fraudulent activities daily and successfully blocking 30,000 fraud attempts, preventing losses of 360 million yuan [5][7] Group 4: Weibo Borrow's Compliance and Service Features - Weibo Borrow offers quick responses and fast approvals, with loan amounts up to 200,000 yuan and a maximum repayment period of 12 months, with applications completed in 3 minutes and funds disbursed in as little as 5 minutes [7] - The platform adheres strictly to compliance requirements, allowing only non-students to apply and ensuring real-time credit assessments for each loan, thereby minimizing risks [7] - The combination of technology and regulatory compliance not only meets the financial needs of young users but also strengthens the financial security framework [7]

证券研究报告·公司深度研究·食品饮料 民生健康（301507） 百年同春，福泽民生 2025 年 06 月 25 日 买入（首次） | [Table_EPS] 盈利预测与估值 | 2023A | 2024A | 2025E | 2026E | 2027E | | --- | --- | --- | --- | --- | --- | | 营业总收入（百万元） | 581.73 | 641.25 | 797.38 | 975.36 | 1,163.47 | | 同比（%） | 6.33 | 10.23 | 24.35 | 22.32 | 19.29 | | 归母净利润（百万元） | 85.63 | 91.83 | 111.37 | 134.36 | 160.68 | | 同比（%） | 8.38 | 7.24 | 21.27 | 20.65 | 19.59 | | EPS-最新摊薄（元/股） | 0.24 | 0.26 | 0.31 | 0.38 | 0.45 | | P/E（现价&最新摊薄） | 57.79 | 53.89 | 44.44 | 36.83 | 30.80 | [Table_Tag] [Tabl ...

新华社北京6月25日电 国务院台办发言人朱凤莲25日在例行新闻发布会上答问表示，正告民进党当局， 进行技术封锁阻止不了大陆科技创新步伐；企图"脱钩断链"迟滞不了大陆产业升级进程。民进党当局任 何破坏两岸经济合作的行径，都只会损害台湾企业自身竞争力，限缩台湾经济自身发展空间。事实一再 证明，两岸携手共同壮大中华民族经济，才是人间正道。 有记者问：近日，台经济主管部门称，已将601个实体纳入"出口管制名单"，其中包括华为、中芯国际 等大陆芯片研发企业。有岛内投资者担心，相关"出口禁令"会冲击台湾半导体企业。对此有何评论？朱 凤莲作上述回应。 她还表示，民进党当局对于损台害台的关税霸凌，无底线卑躬屈膝、跪地求饶；对于互惠互利的两岸经 济合作，却屡下黑手，频施恶招，甚至把配合美国打压大陆企业作为向美输诚、"倚外谋独"的"投名 状"，种种卑劣行径令人不齿。我们将采取有力措施坚决维护两岸经贸交流合作正常秩序，维护两岸同 胞利益福祉。 近日台陆委会称，除了大陆护照、身份证与定居证，若台湾民众在大陆领用"边境旅游护照"，即便已经 过期也同样"违法"，会被取消台湾身份。朱凤莲就此指出，据了解，为参加中俄边境团队免签旅游的台 湾 ...

证券研究报告·海外公司深度·食物饮品(HS) 周黑鸭（01458.HK） 鼎新革故，重整向前 2025 年 06 月 25 日 买入（首次） | [Table_EPS] 盈利预测与估值 | 2023A | 2024A | 2025E | 2026E | 2027E | | --- | --- | --- | --- | --- | --- | | 营业总收入（百万元） | 2,750 | 2,451 | 2,723 | 3,044 | 3,371 | | 同比(%) | 16.67 | (10.88) | 11.09 | 11.79 | 10.76 | | 归母净利润（百万元） | 115.58 | 98.20 | 151.67 | 188.10 | 219.17 | | 同比(%) | 357.13 | (15.03) | 54.44 | 24.02 | 16.52 | | EPS-最新摊薄（元/股） | 0.05 | 0.05 | 0.07 | 0.09 | 0.10 | | P/E（现价&最新摊薄） | 40.98 | 48.23 | 31.23 | 25.18 | 21.61 | [Table_Tag ...

宏观面 从多周期分析，首先观察月线节奏，价格在5月份正如笔者所言按照节奏运行，并且最终十字状态，对于6月份重点关注5月高低点得失表现，价格 只有真正收盘在此位置上方才属于真正破位，长线分水岭于2780位置。从周线级别来分析，黄金价格受撑于3280区域支撑位。那么从中线角度来 看，目前依旧维持在中线多头中，但是需要注意市场回踩周线支撑，同时价格只有下破周线支撑会进一步承压。从日线级别观察，价格进行下破 3360日线分水岭，整体后续依旧关注承压表现，下方继续重点关注周线支撑。同时按照四小时级别看暂时需要关注3340-3342区间，四小时上价格 承压则短线还有下跌，否则的话就要谨防价格测试日线阻力。从一小时上价格目前还是调整中，短线待价格测试四小时阻力及日线阻力区域出现 反K信号入场。 黄金短期关注3280-3360区间震荡，日内待3340-60区间出现反K后空 【今日重点关注的财经数据与事件】2025年6月25日周三 ① 16:00 瑞士6月ZEW投资者信心指数 ② 22:00 美国5月新屋销售总数年化 ③ 22:00 美联储主席鲍威尔作证词陈述 金价下跌直接因以伊停火协议致市场避险情绪降温，黄金作为避险资产吸引 ...