7月18日，国内首个以"气象经济"为核心的国家级博览会——首届气象经济博览会（以下简称"博览会"）在合肥滨湖国际会展中心启幕。博览会由中国气象 服务协会主办，中国灾害防御协会、中国旅游景区协会、中国电力发展促进会、安徽省科学家企业家协会协办，中国绿色碳汇基金会提供公益支持。 本届博览会以"气象融入新经济，携手共创好未来"为主题，汇聚来自气象、新能源、人工智能、低空经济、交通旅游、健康农业等20余个领域近百余家企 业，旨在打造国家级、综合性气象经济交流合作平台。通过覆盖1万平方米的展区成果展示、专题研讨与产业对接活动，全面呈现气象服务从"基础支撑"迈 向"经济引擎"的跃迁路径，推动气象深度赋能现代经济体系构建。 政产学研共话气象经济发展新机遇 开幕式上，来自政府部门、国际组织代表、国内外知名气象学家以及来自能源、金融、农业、航空、交通、保险、文旅、健康、环保等多个行业的企业代 表、专家学者共1200余人齐聚一堂，共同见证这一历史性时刻。 全球能源互联网发展合作组织副秘书长周原冰表示，气象是经济发展的基础性、战略性生产要素，其与经济融合创新正赋能社会发展。"气象+"新产业新业 态涌现，正成为传统产业"倍增器"和新 ...

结合 2025 年 1-5 月工业企业利润数据，有色金属矿采选业、铁路、船舶、航空航天和其他运输设备制 造业、计算机、通信和其他电子设备制造业、电气机械和器材制造业、通用设备制造业和农副食品加工业 2025H1 业绩有望高增。 上游资源品行业中，有色金属矿采选业利润同比增长达 41.7% ，受益于金、 铜、锌、银等有色金属价格上涨及产销量回升；工业制造板块中，铁路、船舶、航空航天和其他运输设备 制造业利润同比增长 56% ，主要受益于全球航运景气度回升，中国承接大量 LNG 船、集装箱船订单， 大飞机产业链放量以及一带一路铁路基建输出。此外，计算机、通信和其他电子设备制造业、电气机械和 器材制造业和通用设备制造业利润保持双位数增长，主要受益于 AI 硬件、智能终端、电网设备、工控设 备需求高增；消费制造板块中，农副食品加工业利润增速高达 38.2% ，主要受益于预制菜、健康食品等 高附加值产品需求高景气。 从全 A 已披露 2025H1 业绩预告的公司来看， 2025Q2 单季度扣非归母净利润实现盈利，且同环比增速 均在 30% 以上的公司共有 272 家，主要集中在基础化工、电力设备及新能源、机械、电子、汽 ...

高质量发展综合绩效评价连续四年全市第一，位居"投中2024年度中国最具创投价值城区榜单"之首，北 京海淀近年来抓紧抓实各项工作，在发展新质生产力、加快建设世界领先科技园区方面不断取得新进展 新成效。 海淀为什么能成为中国最具创投价值城区？7月17日下午，海淀区委副书记、区长李俊杰在北京市举行 的"一把手发布·京华巡礼"海淀专场发布会上，从经济高质量发展、科技创新示范、保障民生和推进美 丽海淀建设等方面，解读海淀取得发展成绩的"密码"。 海淀GDP全市占比已连续两年保持四分之一强，人工智能产业领跑全国 海淀区经济总量大、增速稳。"十三五"以来，经济总量保持全市第一。2021年地区生产总值突破万亿 元；2023年和2024年分别达12155.2亿元和12907.1亿元，全市占比连续两年保持四分之一强；今年上半 年地区生产总值6636.8亿元，同比增长6.9%，全市占比26.5%。"十四五"以来，地区生产总值年均增长 6.3%，彰显了海淀经济强劲的韧性和活力。 另一方面，经济结构优、成色好。高精尖结构特点鲜明，今年一季度六大主导产业增加值占地区生产总 值比重超80%，其中信息传输、软件和信息技术服务业对区域经济增长 ...

有关数据显示，我国已累计培育专精特新"小巨人"企业1.46万家，其中A股上市企业超过1000家，其研 发强度、毛利率和营收增长率均显著高于A股平均水平。 中小企业"排头兵" 专家表示，中小企业是经济活力与韧性的重要源泉，而专精特新"小巨人"企业则是中小企业发展的"排 头兵"，在推进新型工业化、发展新质生产力中具有重要支撑作用。 专精特新企业"小而专"，具有专业化、精细化、特色化、创新型的特征。"小巨人"企业更是其中的佼佼 者，这些企业位于产业基础核心领域和产业链关键环节，以创新能力突出、核心技术掌握度高、细分市 场占有率领先、质量效益优良而著称。 有关数据显示，我国累计培育专精特新"小巨人"企业1.46万家，这些"小巨人"企业中近九成是制造业企 业，超八成分布在集成电路、航空航天等战略性新兴产业链上，超九成为国内外知名大企业的配套供应 商。尤其在人工智能、低空经济等未来产业，我国的"小巨人"企业数量就接近5000家。 在过去的2024年，专精特新"小巨人"企业在专利创新方面表现突出，拥有发明专利数量32.74万项，户 均22.3项，占全国企业发明专利总量的11%。专精特新"小巨人"企业发明专利密度领先，每千名 ...

Market Sector - In the first half of 2025, the ChiNext 50 Index decreased by 0.43%, outperforming the Shenzhen 50 Index [2] - As of the end of the first half of 2025, the total market capitalization of the ChiNext reached 13.85 trillion yuan, an increase of 6.10% compared to the end of Q1 2025, which is higher than both the Sci-Tech Innovation Board and the main boards of Shanghai and Shenzhen [4] - The total trading volume of the ChiNext in the first half of 2025 was 45.09 trillion yuan, with an average trading volume per stock of 326.25 million yuan, surpassing the Shanghai main board, Sci-Tech Innovation Board, and Beijing Stock Exchange [7][8] - The average daily turnover rate of the ChiNext was 5.45% in the first half of 2025, indicating active trading, which is higher than the main boards of Shanghai and Shenzhen as well as the Sci-Tech Innovation Board [9] - As of the end of the first half of 2025, the price-to-book ratio of the ChiNext was 3.54 times, higher than the main boards of Shanghai and Shenzhen, but lower than the Sci-Tech Innovation Board and Beijing Stock Exchange [13][16] - The financing balance of the ChiNext reached 358.47 billion yuan at the end of the first half of 2025, showing a significant increase of 20.45 billion yuan since the beginning of the year, indicating a large scale of leveraged buying [15] - The margin trading balance of the ChiNext was 1.02 billion yuan at the end of the first half of 2025, an increase of 0.19 billion yuan since the beginning of the year [17] Individual Stocks - CATL ranked first with a market capitalization of 1.16 trillion yuan, followed by companies like Oriental Fortune, Mindray Medical, and AVIC Chengfei, with 13 companies having a market capitalization exceeding 100 billion yuan [19] Industry Distribution - In the first half of 2025, companies listed on the ChiNext were distributed across five Wind primary industries, with the industrial sector leading with 7 companies, followed by information technology and consumer discretionary sectors, each with 4 companies [31] - The majority of the 16 companies listed on the ChiNext in the first half of 2025 adhered to Standard One for listing, which requires positive net profits in the last two years, a cumulative net profit of no less than 100 million yuan, and a net profit of no less than 6 million yuan in the most recent year [34] - Guangdong led the distribution of ChiNext companies with 7 listings, followed by Jiangsu and Zhejiang with 5 and 3 listings, respectively [37] IPO Financing - The total IPO financing for ChiNext companies in the first half of 2025 was 10.588 billion yuan, representing a year-on-year increase of 21.41%. Among these, 2 companies raised over 1 billion yuan, while the remaining 88.89% raised less than 1 billion yuan [40] - Han Shuo Technology led the IPO financing with 1.162 billion yuan, while Hengxin Life, Youyou Green Energy, and Xin Henghui also had financing scales exceeding 500 million yuan [44]

Core Viewpoint - Jiangsu Province is focusing on integrating technological innovation with industrial innovation to build a globally influential industrial technology innovation center and a competitive advanced manufacturing base [1][3]. Group 1: Research and Development - Jiangsu Province has allocated 2.48 billion yuan for basic research, establishing three provincial basic science centers and initiating 67 key projects through partnerships [2]. - The province is expected to achieve a research and development intensity of 3.35% and a basic research investment ratio of 5.6% by the end of the year [2]. - The province aims to become a significant basic research center in several frontier technology fields by 2035, focusing on interdisciplinary collaboration and key technology breakthroughs [3]. Group 2: Industrial Upgrading - Jiangsu Province is optimizing its industrial structure and enhancing innovation capabilities, with initiatives like the "Technology Innovation Year" series in Wuxi [4]. - Wuxi's Xishan District has seen over 1,500 new technology-based enterprises established in 2024, driven by innovation strategies [4]. - The district is developing specialized industrial parks and focusing on future industries such as humanoid robots and synthetic biology [4]. Group 3: Enterprise Role - Jiangsu Province emphasizes the role of enterprises in driving technological and industrial innovation, implementing policies to enhance corporate innovation capabilities [7]. - By the end of 2024, the number of high-tech enterprises in Jiangsu is expected to exceed 57,000, ranking second in the country [7]. - The province has the highest number of listed companies on the Sci-Tech Innovation Board and leads in the number of "specialized, refined, and innovative" enterprises [7][8].

Economic Overview - Jiangsu, Zhejiang, and Anhui provinces have reported stable economic performance in recent months [1] - Fixed asset investment in Zhejiang increased by 1.9% year-on-year from January to May, with project investment growing by 12.1% [3] - Infrastructure investment in Zhejiang rose by 14.2%, accounting for 26.4% of total investment, an increase of 2.9 percentage points year-on-year [3] - Anhui's fixed asset investment grew by 0.2% year-on-year, with infrastructure investment increasing by 12.4% [3] - Jiangsu's fixed asset investment decreased by 1.4% year-on-year, but infrastructure investment grew by 8.7% [3] Trade Performance - Zhejiang ranked first in the country for export contributions, with total goods import and export reaching 2.24 trillion yuan, a 6.5% increase [4] - Anhui's total import and export value was 374.79 billion yuan, growing by 15.4% [4] - Jiangsu's total goods trade value was 2.33 trillion yuan, a 5.3% increase year-on-year [4] Consumer Spending - All three provinces maintained a retail sales growth rate of over 5% in the first five months [5] - Jiangsu's retail sales totaled 1.98839 trillion yuan, growing by 5.6% [5] - Zhejiang's retail sales reached 1.55 trillion yuan, with a growth of 5.3% [5] - Anhui's retail sales increased by 5.5% [5] Industrial Growth - Jiangsu's industrial added value grew by 7.7% year-on-year, with equipment manufacturing accounting for 54.6% of the total [7] - High-tech manufacturing and digital product manufacturing in Jiangsu saw increases of 9.8% and 9.7%, respectively [7] - Zhejiang's industrial added value grew by 7.6%, with significant contributions from petroleum processing and automotive sectors [8] - Anhui's industrial added value increased by 8.4%, with high-tech manufacturing growing by 29.3% [9]

Core Insights - Beijing is recognized as the "Unicorn City" with 115 unicorn companies and a total valuation of $594.9 billion, maintaining the highest number and valuation in the country for five consecutive years [1] - In 2024, Beijing welcomed 23 new unicorn companies, with 13 emerging from future industry sectors such as general artificial intelligence, smart transportation, cell therapy, commercial aerospace, metaverse, new energy storage, and hydrogen energy [1] - The majority of Beijing's unicorn companies are characterized by "hardcore technology," with 71.3% classified as hard tech, reflecting a 28.3% increase since 2020 and an average annual growth rate of 7% [1] Industry Development - Unicorn companies in Beijing are actively exploring new application scenarios, including AI-assisted diagnostic imaging systems in community hospitals and autonomous driving services [2] - The commercial aerospace sector has achieved communication network testing in Thailand through low-orbit broadband satellite internet [2] - Beijing's success as a fertile ground for unicorn development is attributed to its adherence to the growth principles of "ecology-based, innovation-driven, capital-supported, and market-oriented" [2] Supportive Ecosystem - Beijing has implemented the "Unicorn Ten Measures" to provide extensive support for unicorn companies, including tax incentives, land use policies, and talent settlement programs [2] - A dual "government + market" service team has been established to address the daily needs of unicorn companies, resolving nearly 300 requests annually [3] - Over the past five years, 38 unicorn companies have gone public, supported by a long-term focus on "accompanying" innovation cultivation and the establishment of over 500 incubation institutions [3]

Group 1 - Guangdong is actively implementing strong employment measures to support consumption-driven economic growth, recognizing that employment is fundamental to people's livelihoods and a source of consumption [1] - In the past year, Guangdong has achieved a "steady employment" report, with various local initiatives expanding public employment services and increasing job opportunities for residents [1] - In the first quarter of this year, Guangdong's urban survey unemployment rate was below the national average, with a total of 348,600 new urban jobs created, representing a year-on-year increase of 9.3% [1] Group 2 - Guangdong aims to attract 1 million college graduates to work and start businesses in the province, offering competitive salaries and job positions [2] - A large-scale recruitment event, "Million Talents Gather in South Guangdong," was held, featuring over 1,000 employers offering more than 50,000 job positions, focusing on emerging fields such as artificial intelligence and healthcare [2] - The recruitment initiative is part of a broader strategy to enhance employment and stimulate consumption, with follow-up events planned in major cities to attract talent [2] Group 3 - The "Million Talents Gather in South Guangdong" action plan offers various benefits for college graduates, including subsidies for employment, support for entrepreneurship, and assistance with housing and residency [3] - This initiative aims to inject fresh talent into Guangdong's economy, leveraging the innovative capabilities of new graduates to enhance corporate performance and create a robust consumer base [3] Group 4 - Guangdong plans to train over 780,000 individuals by 2025 to enhance skills and promote employment, with a focus on practical training in high-demand areas [4][5] - In the first quarter, Guangdong conducted subsidized vocational training for 161,000 individuals, providing financial support ranging from 800 to 3,600 yuan based on different job categories and skill levels [5] - The province is also addressing the needs of disadvantaged groups by organizing public employment services and reducing unemployment insurance rates to alleviate burdens on businesses [5] Group 5 - Guangdong's employment strategies are designed to create a virtuous cycle: increasing job opportunities leads to higher incomes for workers, which in turn boosts consumption and drives economic growth [6] - The province is building a multi-layered employment ecosystem to enhance consumer market vitality through talent aggregation and skill development initiatives [6]

消息面上，美国一家联邦法院周三裁定，美国总统 "对等"关税超越了他的权力。法官们表示，美国总 统的关税命令"对所有人都是非法的"，全球关税和报复性关税令超越了法案授予总统的任何通过关税来 管理进口的权力。法官们下令取消受到质疑的关税，并永久禁止其运作。 5月29日，A股市场高开高走，市场风险偏好全面提升，A500指数走势较强。A500ETF（159339）过去 20个交易日日均成交额2.51亿元，市场热度较高。 A500指数成份股中，德赛西威涨超10%，君实生物-U、光启技术涨超7%，广电运通、康龙化成、华海 药业涨超6%，天孚通信、凯莱英涨超5%，其余成份股积极跟涨。 A50指数成份股中，药明康德、航发动力涨超4%，立讯精密、智飞生物、紫光股份、科大讯飞涨超 2%，汇川技术、北方华创涨超1%。 A股核心资产代表，"A股的标普500"：A500ETF（159339）跟踪的A500指数以不足A股市场10%的成份 股数量，覆盖全市场63%的总营收和70%的总净利润，或是大家长期布局我国资本市场高质量发展趋势 的有力工具。 各行业超级龙头，"漂亮50"：A50ETF基金（159592）跟踪的A50指数布局各行业超大 ...