【导读】公募首席热议"反内卷"：构建全国统一大市场，推动经济高质量发展 中国基金报记者 李树超 曹雯璟 今年7月1日召开的中央财经委员会第六次会议强调，纵深推进全国统一大市场建设，要聚焦重点难点， 依法依规治理企业低价无序竞争，引导企业提升产品品质，推动落后产能有序退出。同日，《求是》刊 发《深刻认识和综合整治"内卷式"竞争》一文。市场对于"反内卷"政策思路下相关行业供需格局改善的 关注度明显提升。 从市场表现来看，自7月1日"反内卷"相关政策密集发布以来，申万玻璃玻纤板块累计涨幅达到14.2%， 申万普钢与光伏设备板块分别上涨11.36%、9.73%。 | ( IW | | | 玻璃玻纤(申万)(801712) | | | | --- | --- | --- | --- | --- | --- | | 07-11 15:07:00 | | | | | | | 8642.78 | | 昨收 | 8877.04 | 成交额 | 91.46亿 | | -234.26 | -2.64% | 今开 | 8818.52 | 成交量 | 11.3亿 | | 上 涨 | 1 | 中 | 0 | 下 跌 | 14 | | 最 ...

【 导读 】 公募首席热议"反内卷"：构建全国统一大市场，推动经济高质量发展 中国基金报记者 李树超 曹雯璟 今年7月1日召开的中央财经委员会第六次会议强调，纵深推进全国统一大市场建设，要聚焦 重点难点，依法依规治理企业低价无序竞争，引导企业提升产品品质，推动落后产能有序退 出。同日，《求是》刊发《深刻认识和综合整治"内卷式"竞争》一文。市场对于"反内卷"政 策思路下相关行业供需格局改善的关注度明显提升。 从市场表现来看，自7月1日"反内卷"相关政策密集发布以来，申万玻璃玻纤板块累计涨幅达 到14.2%，申万普钢与光伏设备板块分别上涨11.36%、9.73%。 | < W | | | 玻璃玻纤(申万)(801712) 07-11 15:07:00 | | | | --- | --- | --- | --- | --- | --- | | 8642.78 | | 昨收 | 8877.04 | 成交额 | 91.46亿 | | -234.26 | -2.64% | 今开 | 8818.52 | 成交量 | 11.3亿 | | 上 涨 | 1 | 平 盘 | 0 | 下 跌 | 14 | | 最高价 | 8825. ...

为支持企业创新发展，企业 7月份预缴申报企业所得税 时，能准确归集核算研发费用的，可以结合自身生产经营实际情况， 自主选择 就 当年上半年研发费用享受加计扣除政策，提前抵扣企业所得税，减轻企业当前的税收负担，助力企业发展，同时还可以将节省的资金用于投资 或扩大再生产。 我们梳理出享受研发费用加计扣除政策的预缴申报流程和常见易错情形，一起来看看吧！ 欢迎扫描下方二维码关注： 一、 享受方式 企业享受研发费用加计扣除优惠政策，采取 "真实发生、自行判断、申报享受、相关资料留存备查" 的办理方式，由企业根据实际发生的研发费用支 出，自行计算加计扣除金额，并在纳税申报表的相应行次填写优惠享受的情况，同时留存相关资料备查即可， 无需事先备案或审批 。 二、 政策内容 企业开展研发活动中实际发生的研发费用，未形成无形资产计入当期损益的，在按规定据实扣除的基础上，自 2023年1月1日起 ，再按照 实际发生额的100% 在税前加计扣除；形成无形资产的，自 2023年1月1日起 ，按照 无形资产成本的200% 在税前摊销。 前言 2.进入申报界面后，在左侧报表列表选择 【中华人民共和国企业所得税月（季）度预缴纳税申报表（A类 ...

Group 1 - The State-owned Assets Supervision and Administration Commission (SASAC) emphasizes the role of central enterprises in building a modern industrial system and a new development pattern through technological innovation, industrial control, and security support [1][2] - Central enterprises are encouraged to accelerate investment in strategic emerging industries, with a projected investment of 2.7 trillion yuan in 2024, representing a year-on-year increase of 21.8% and surpassing 40% of total investment for the first time [2] - The revenue from strategic emerging industries is expected to exceed 1.1 trillion yuan, accounting for nearly 30% of total revenue [2] Group 2 - The SASAC plans to enhance the development mechanism for strategic emerging and future industries, allowing for loss exemption periods for enterprises or projects engaged in these sectors [3]

注：如提及个股仅供参考，不代表投资建议。指数/基金短期涨跌幅及历史表现仅供分析参考，不预示 未来表现。市场观点随市场环境变化而变动，不构成任何投资建议或承诺。文中提及指数仅供参考，不 构成任何投资建议，也不构成对基金业绩的预测和保证。如需购买相关基金产品，请选择与风险等级相 匹配的产品。基金有风险，投资需谨慎。 （文章来源：每日经济新闻） 中信建投指出，人形机器人领域海外龙头厂商调整技术细节，产品优化将为规模化量产奠定更好基础， 后续V3发布预计带来显著催化。国内厂商量产计划持续推进，并向产业链释放订单，带来增量业绩贡 献。行业正积极探索软硬件迭代升级，挖掘"具身智能"应用空间，建议关注传感器、灵巧手、垂类应用 端等结构性机会。锂电设备正逐渐走出行业底部，固态电池有望于2027年商业化，近期国轩高科、清陶 等企业装车路测及产能布局加速，产业催化剂密集。工程机械方面，零部件与叉车呈现边际改善，零部 件排产饱满受益外资需求恢复，叉车内销增速显著提升，挖机内销预计持平。 工业母机ETF跟踪的是中证机床指数，该指数由中证指数有限公司编制，从沪深市场中选取业务涉及机 床整机及其关键零部件（如数控系统、主轴、导轨等）的上 ...

Group 1 - The State-owned Assets Supervision and Administration Commission (SASAC) is focusing on training talent in key strategic emerging industries, including industrial mother machines, new generation mobile communications, artificial intelligence, and new energy vehicles, to support high-quality industrial development [1][2] - SASAC aims to enhance the capabilities of leading technology talents in areas such as industry leadership, technical insight, and collaborative innovation, while also improving the skills of young talents in strategic thinking and application [1] - Recent training programs have been launched, including a special training class for the new energy vehicle industry, emphasizing the need for technological innovation and digital marketing skills among participants [1][2] Group 2 - The new generation mobile communication talent training class focuses on cultivating talents with strong technical innovation capabilities and the ability to drive key technology breakthroughs [2] - The artificial intelligence chief architect training class aims to develop professionals who can integrate AI technology innovation with industrial applications [2] - The new energy sector training class emphasizes enhancing decision-making and strategic execution capabilities among industry leaders to support the green transformation of enterprises [2]

证券研究报告 2025年7月9日 行业：机械 增持 （维持） 主要观点 风险提示：全球和国内经济环境不及预期、产业政策不及预期、市场竞争加剧的风险、原材料价格剧烈波动、技术发展不及预期、国际贸易摩 擦和争端加剧等。 2 价值守正，成长出奇 ——机械行业下半年投资策略 分析师：刘阳东 SAC编号：S0870523070002 分析师：王亚琪 SAC编号：S0870523060007 ◼ 工程机械：行业周期景气复苏，看好内外需共振下企业盈利改善。国内市场，工程机械行业筑底向好趋势有望持续；出口市场，受益于东 南亚、非洲、中东等新兴市场景气持续，工程机械出口规模持续提升，国产厂家全球市占率仍有提升空间。工程机械板块或受益于国内外 需求共振，工程机械企业盈利水平有望持续提升。 ◼ 半导体设备：国产核心设备有望加速验证，自主可控趋势明确。终端需求发展叠加大陆晶圆厂产能扩张，为国内半导体设备产业的扩张和 升级提供机遇，据SEMI预测，2025-2027年中国300mm晶圆厂设备投资预计超过1000亿美元。同时，在半导体产业逆全球化趋势背景下， 国内半导体产业链自主可控势不可挡，随着下游晶圆厂扩产以及国产设备验证进程持续推 ...

Group 1 - The U.S. President Trump announced tariffs ranging from 25% to 40% on imports from 14 countries, including Japan, South Korea, and Malaysia, effective August 1 [1] - The global trade friction index rose to 131 in April, indicating a significant increase in global trade tensions, with trade measures involving a year-on-year increase of 37.6% and a month-on-month increase of 16% [1] - The necessity for self-sufficiency in high-end industrial machinery and scientific instruments is increasing due to heightened trade tensions and the trend of de-globalization [1] Group 2 - The Industrial Mother Machine ETF (159667) tracks the China Securities Machine Tool Index, including 50 component stocks from key sectors such as machinery manufacturing, electronic, and new energy [2] - The ETF's component stocks benefit from the development of the robotics industry, showcasing strong profitability and growth potential [2] - The average market capitalization of the index's component stocks is large, reflecting a preference for industry leaders and technologically advanced companies [2]

Group 1 - The core point of the news is the signing of a cooperation agreement between Chengtong Science and Technology and the Industrial Research Capital, focusing on the establishment of a sub-fund with a scale of 1 billion yuan to promote innovation in strategic emerging industries [1][3] - The fund will primarily target industries such as industrial mother machines, industrial software, and advanced basic materials, aiming to cultivate and incubate enterprises with technological advantages and innovation capabilities [1][3] - The collaboration is seen as a practical implementation of the State-owned Assets Supervision and Administration Commission's requirements, contributing to the national strategy of becoming a technology powerhouse [3] Group 2 - Chengtong Science and Technology's investment fund is one of the first central enterprise venture capital mother funds, with a total planned scale of 30 billion yuan, aiming to demonstrate early, small, long-term, and hard technology investments [4] - The first phase of the fund has a scale of 10 billion yuan, with contributions from Chengtong, Sinopec, China National Aviation, and the Haidian District government [4] - The investment strategy will focus on "hard technology," particularly in new materials, advanced manufacturing, and next-generation information technology, utilizing a combination of equity investment and ecological incubation [4]

谭作钧强调，要深入学习贯彻习近平总书记关于工业母机产业发展的重要指示精神，贯彻落实党中央、 国务院决策部署，牢牢把握中央企业作为工业母机国家队的使命责任，紧跟产业科技发展最前沿，聚焦 工业母机高端化、智能化、数字化发展需要，着力提升科技领军人才的行业引领能力、技术洞察能力、 领衔攻关能力、产业协同能力，着力提升青年科技人才的前沿把握能力、专业技术能力、跨界融合能 力、应用落地能力，加快培养一批具有战略思维、创新能力的工业母机产业人才。要加强组织管理，认 真贯彻落实中央八项规定精神，严格落实干部教育培训有关规定，以严的学风确保培训取得实实在在的 成效。 据国资委官网，近日，由国务院国资委主办的中央企业工业母机领域人才特训班开班。国务院国资委党 委委员、副主任谭作钧出席开班式并讲话。 ...