2025 年 7 月 13 日 策略研究 哪些行业中报业绩可能更占优势？ ——策略周专题（2025 年 7 月第 1 期） 要点 本周 A 股市场出现回暖 下半年市场或冲击新高。去年 9 月以来的市场行情已从政策驱动逐步转向基本面 与流动性驱动，未来市场行情演绎的节奏或可参照 2019 年。展望下半年，市场 仍存在一些预期差，市场或将开启下一阶段上涨行情，并有望突破 2024 年下 半年的阶段性高点。 配置方向上，短期关注中报业绩有望占优的板块，中长期则关注三条主线：内需 消费、科技自立与红利个股。内需消费方向，关注补贴相关、线下服务消费等； 科技板块，关注 AI、机器人、半导体产业链、国防军工、低空经济等；红利板 块，关注部分高质量标的。 受风险偏好抬升等因素的影响，本周 A 股市场出现回暖。受政策预期升温、市 场情绪回暖等因素的影响，A 股市场本周整体出现回暖，主要宽基指数大多上涨。 在主要宽基指数中，本周创业板指涨幅最大。分行业来看，本周申万一级行业涨 跌出现分化，房地产、钢铁、非银金融等行业本周表现相对较好。 哪些行业中报业绩可能更占优势？ 市场即将迎来财报披露高峰期，中报业绩表现较好的行业，在 7- ...

投资者可以在交易所互动平台上通过提问方式了解部分公司更及时（每月10日、20日、月末）的股东户 数信息。证券时报·数据宝统计显示，140家公司公布了截至7月10日最新股东户数，相比之前各期，有 25股股东户数连续减少3期以上，股东户数最多已连降13期。也就是说筹码呈持续集中趋势。 股东户数连续下降个股中，连降时间较长的有康欣新材、中原传媒等，其中，康欣新材最新股东户数为 40520户，已连续减少13期，累计降幅为32.69%，中原传媒股东户数连降8期，最新户数为17250户，累 计降幅28.71%，股东户数连降期数较多的还有富维股份、西部建设、浙江正特等。从最新一期的股东 户数下降幅度看，降幅较大的有金智科技、奇德新材、海得控制等，最新股东户数分别下降12.79%、 11.88%、5.69%。 市场表现方面，股东户数连降股中，筹码集中以来股价上涨的有23只，下跌的有1只，累计涨幅较高的 有中原传媒、中色股份、江苏神通等，分别上涨15.83%、15.40%、10.84%。相对沪指来说，其间股价 跑赢大盘的有15只，占比60.00%，超额收益率较高的有中色股份、中原传媒、江苏神通等，股东户数 连降以来相对沪指收益 ...

导读： 中国轻工业联合会公开征集对《食用盐中抗结剂酒石酸铁的测定》等49项轻工行业标准计划项目的意见，意见截止日期为 2025年7月16日。 特别提示 微信机制调整，点击顶部"仪器信息网" → 右上方"…" → 设为 ★ 星标，否则很可能无法看到我们的推送。 根据标准化工作的总体安排，现将申请立项的《纤维糖 第1部分 玉米芯糖》等49项轻工行业标准计划项目予以公示 （见附件1），截止日期为2025年7月16日。如对拟立项标准项目有不同意见，请在公示期间填写《标准立项反馈意 见 表 》 （ 见 附 件 2 ） 并 反 馈 至 我 部 ， 电 子 邮 件 发 送 至 qgbz445@163.com （ 邮 件 注 明 ： 轻 工 行 业 标 准 立 项 公 示 反 馈）。 联系电话：010-64286281 附件: 1. 2025年7月轻工行业第三批标准制修订计划（征求意见稿）.doc 2.标准立项反馈意见表.doc 中国轻工业联合会质量标准部 2025年7月9日 相关标准如下： | 体系编号 | 标准项目名称 | 标准类别 | 制、 | 代替标准 | 项目周期 | 标准化技术组织 | | --- | --- | ...

Market Overview - The Shanghai Composite Index increased by 0.36% as of the morning close, with a trading volume of 783.11 million shares and a transaction amount of 934.47 billion yuan, a decrease of 3.50% compared to the previous trading day [1] Industry Performance - Real estate, banking, and oil & petrochemicals sectors showed the highest gains, with increases of 1.53%, 1.42%, and 1.23% respectively [1] - The automotive, defense, and electronics sectors experienced the largest declines, with decreases of 0.93%, 0.92%, and 0.76% respectively [2] Leading Stocks - In the real estate sector, Yuhua Development led with a gain of 9.94% [1] - In the banking sector, Minsheng Bank rose by 5.12% [1] - In the oil & petrochemicals sector, *ST Xinchao increased by 5.08% [1] - In the steel sector, Jinling Mining surged by 10.02% [1] - In the non-bank financial sector, Nanhua Futures also rose by 10.02% [1] - In the pharmaceutical sector, Qianyuan Pharmaceutical saw a significant increase of 19.98% [1] Sector Summary - The real estate sector had a transaction amount of 117.03 billion yuan, up 26.74% from the previous day [1] - The banking sector recorded a transaction amount of 266.82 billion yuan, up 36.61% [1] - The oil & petrochemicals sector had a transaction amount of 80.95 billion yuan, up 36.47% [1] - The automotive sector had a transaction amount of 389.36 billion yuan, down 16.50% [2] - The defense sector recorded a transaction amount of 316.85 billion yuan, down 23.79% [2] - The electronics sector had a transaction amount of 1,036.63 billion yuan, down 10.88% [2]

Group 1 - A total of 18 companies listed on the ChiNext board have released their performance forecasts for the first half of the year, with 13 companies expecting profit increases, 1 company expecting to turn a profit, 1 company expecting a profit decrease, and 1 company expecting a loss [1][3] Group 2 - The performance forecast details include various companies with significant expected profit growth, such as: - Hanyu Pharmaceutical (300199) with a projected profit increase of 1567.36% [2] - Chuanjin Nuo (300505) with a projected profit increase of 167.27% [2] - Chenguang Biotech (300138) with a projected profit increase of 117.36% [2] - Huizhong (300371) with a projected profit increase of 100.00% [2] - Taotao Automotive (301345) with a projected profit increase of 84.08% [2] Group 3 - Companies with performance forecasts indicating a decrease or loss include: - Zairun (301636) with a projected profit decrease of 5.43% [2] - Yuyou Green Energy (301590) with a projected profit decrease of 6.57% [2] - Juguang (300203) with a projected loss of 205.37% [2]

中国发展网讯 近年来，安徽省深入贯彻落实国家区域协调发展战略，将推动省际毗邻地区协同发 展作为服务长三角一体化、促进中部地区崛起的重要抓手，高度重视并积极支持与湖北省交界的毗邻区 域合作。在省委、省政府统筹部署和省发展改革委等部门的协调推动下，安徽省岳西县与湖北省英山县 抢抓机遇、主动作为，围绕共建省际毗邻合作区开展了富有成效的探索与实践，近期取得多项实质性突 破。 近两年来，岳西与英山在多个领域打破行政壁垒，推动合作落实落细。项目谋划"一张表"纵深推 进。两县发展改革部门、毗邻乡镇深入推进项目谋划和资金争取工作，围绕生态康养、绿色食品药品、 轻工业生产、交通基础设施、能源水利5大类谋划项目23个，总投资约873.97亿元；"白帽—杨柳湾"先 导区谋划2025年重大项目5个、总投资达5亿元，同时已留足土地、林地等建设空间，扎实开展项目前期 工作，将围绕政策资金支持领域适时向上争取。文化旅游"一条线"深度融合。两地文旅、教育部门正联 合策划红色研学、生态康养等"一日游""多日游"跨省精品线路，初步实现资源共享、客源互送。此次开 通的专线串联的是鹞落坪国家级自然保护区、桃花冲国家风景区等核心旅游资源，两地直达时间 ...

Group 1 - The successful registration of the first industrial property subdivision transfer in Jinjiang marks a significant milestone, with four companies obtaining 18 industrial property certificates covering an area of 13,400 square meters [1] - The implementation of the industrial property subdivision transfer policy allows development companies to reduce construction costs and enhances the asset utilization of enterprises, thereby improving land efficiency [1][2] - The policy supports the subdivision and transfer of industrial properties, allowing enterprises to purchase factory buildings that meet their actual production needs, thus addressing the land difficulties faced by small and medium-sized enterprises [1][2] Group 2 - The Jinjiang New Intelligent Manufacturing Industrial Park has attracted 27 enterprises in its first phase, focusing on high-tech and strategic emerging industries, which enhances the industrial chain within the park [3] - The policy encourages the transformation and upgrading of traditional industrial parks, promoting standardized construction and the "industrial upward" model, which increases the attractiveness and competitiveness of the parks [2][3] - The Jinjiang Natural Resources Bureau aims to continuously innovate and reform to enhance land resource utilization efficiency and support the transformation and high-quality development of private enterprises [3]

国泰海通证券股份有限公司关于厦门松霖科技股份有限公司 在本次发行的可转换公司债券转股期内，如果公司股票连续 30 个交易日中 至少有 15 个交易日的收盘价格不低于当期转股价格的 130%（含 130%），公司 董事会有权决定按照债券面值加当期应计利息的价格赎回全部或部分未转股的 可转换公司债券。 当期应计利息的计算公式为：IA=B×i×t/365 IA：指当期应计利息；B：指本次发行的可转换公司债券持有人持有的可转 换公司债券票面总金额；i：指可转换公司债券当年票面利率；t：指计息天数， 即从上一个付息日起至本计息年度赎回日止的实际日历天数（算头不算尾）。 不提前赎回"松霖转债"的核查意见 国泰海通证券股份有限公司（以下简称"国泰海通"、"保荐机构"）作为厦门 松霖科技股份有限公司（以下简称"松霖科技"、"公司"）公开发行可转换公司债 券的保荐机构，根据《证券发行上市保荐业务管理办法》《上海证券交易所股票 上市规则》《可转换公司债券管理办法》和《上海证券交易所上市公司自律监管 指引第 12 号——可转换公司债券》等有关规定，对公司不提前赎回"松霖转债" 的事项进行了核查，核查情况及核查意见如下： 一、可转债 ...

2025年5月16日，证监会资产重组新规落地 ，明确"允许未盈利硬科技资产注入上市公司"——这是继科 创板"科八条"、地方百亿并购基金后，政策层面对并购重组的又一次强力刺激。 回顾近年数据可以看出， 并购市场热度持续升温 ，企业关注度、参与度逐渐提高： " 1、并购重组市场形势 | 并购六条导向 | 行业 | 2024年平均并购金额(亿元) | 较近 10年均值增幅(%) | | --- | --- | --- | --- | | 向新质生产力转型升级 | 国防车工 | 575.75 | 495.02 | | | 轻工制造 | 133.51 | 420.03 | | | 传 娱 | 147.46 | 179.31 | | | 计算机 | 34.23 | 42.67 | | | 医药生物 | 33.62 | 40.48 | | | 汽车 | 34.48 | 21.02 | | 加强产业整合 | 非银金融 | 374.54 | 234.08 | | | 纺织服饰 | 73.73 | 113.98 | | | 商贸零售 | 101.25 | 111.79 | | | 父通运输 | 147.46 | 61.12 | ...

Group 1 - The latest financing balance of the ChiNext market is 360.094 billion yuan, with a week-on-week increase of 0.882 billion yuan. Among the stocks, 26 have seen financing balances increase by over 10%, while 11 stocks experienced a decline of over 10% [1][2] - On July 7, the ChiNext index fell by 1.21%, with a total margin balance of 361.141 billion yuan, an increase of 0.877 billion yuan from the previous trading day. The financing balance reached 360.094 billion yuan, up 0.882 billion yuan from the previous day [1][2] - The stock with the largest increase in financing balance is Jialian Technology, which saw a financing balance of 31.1503 million yuan, a week-on-week increase of 54.91%, and its stock price rose by 19.98% on the same day [1][3] Group 2 - Among the stocks with significant financing balance increases, 14 stocks had net inflows of main funds on July 7, with the highest net inflows recorded for Shaanxi Huada, Jialian Technology, and Xinlei Co., amounting to 43.5309 million yuan, 42.3161 million yuan, and 36.8185 million yuan respectively [2][4] - Conversely, 12 stocks experienced net outflows, with the largest outflows seen in Changliang Technology, Longyang Electronics, and Nanling Technology, with outflows of 118 million yuan, 87.4527 million yuan, and 72.5194 million yuan respectively [2][4] Group 3 - A total of 439 stocks saw a decrease in financing balance, with 11 stocks experiencing declines of over 10%. The stock with the largest decline is Hairong Technology, with a financing balance of 55.2004 million yuan, down 27.15% [4][5] - Other notable declines include Nanwang Technology and Tongguan Copper Foil, with financing balances decreasing by 23.81% and 22.78% respectively [4][5]