Group 1 - The core viewpoint of the article highlights the increase in financing events in the domestic primary market, with a total of 93 events reported this week, up by 5 from the previous week, and a total financing scale of 10.248 billion RMB [2] - The average financing amount per event is 301 million RMB, with 34 events disclosing their financing amounts [2] - The most active sectors in terms of financing events are intelligent manufacturing, artificial intelligence, and healthcare, with 21, 19, and 9 events respectively [4] Group 2 - In terms of disclosed financing amounts, the energy and power sector leads with a total financing scale of approximately 4.434 billion RMB, highlighted by Yongxiang Co., which completed nearly 4.916 billion RMB in Series A financing [4] - The intelligent manufacturing sector follows with a disclosed financing total of 2.603 billion RMB, including nearly 1 billion RMB in angel round financing for high-performance GPU developer Sunrise [4] - The early-stage companies dominate the financing events with 68 out of 93 events, while 19 are in the growth stage and 6 in the later stage [12] Group 3 - The geographical distribution of financing events shows Jiangsu leading with 19 events, followed by Guangdong with 17 events, and Beijing and Shanghai each with 13 events [10] - The total disclosed financing in Jiangsu is 1.645 billion RMB, while Guangdong's total is 589 million RMB [10] - The report also notes a decrease in disclosed M&A events, with 10 reported this week, down by 6 from the previous week, primarily in intelligent manufacturing, enterprise services, and environmental protection sectors [28] Group 4 - Notable M&A activity includes Huaxing New Energy acquiring 100% of biomass power technology service provider Changqing Environmental Protection for 401 million RMB [28] - Other M&A transactions include Jiatuo Pharmaceutical being acquired for 15 million RMB and Jintong Customs being acquired for approximately 1.014 million RMB [29][30]

以下文章来源于融中财经 ，作者千然 融中财经 . 中国领先的股权投资与产业投资媒体平台。聚焦报道中国新经济发展和创新投资全产业链。通过全媒体 资讯平台、品牌活动、研究服务、专家咨询、投资顾问等业务，为政府、企业、投资机构提供一站式专 业服务。 来源：融中财经 作者：千然 编辑：吾人 7 月 4 日，安井食品（ 2648.HK ，下文同称 " 安井 " ）正式在港交所主板挂牌上市。上市 首日开盘价报 60 港元 / 股，总市值约 200 亿港元。 成立于 2001 年的安井食品早已修炼成 " 速冻一哥 " 。根据弗若斯特沙利文资料，按 2024 年收入计，安井食品是中国最大的速冻食品公司，市场份额为 6.6% ；在速冻食品行业，安井 食品在中国速冻调制食品市场排名第一，市场份额为 13.8% ，是第二名的约五倍。 还记得 2017 年初登 A 股之际，这家发家于福建厦门的速冻食品企业在当年营收只有 34.84 亿元，净利润为 2.02 亿元，而最新数据显示，安井食品在 2024 年营收为 151.27 亿元，净 利润为 14.85 亿元。 8 年时间，不止业绩有了质的飞跃，更是将昔日巨头三全、思念等远远 甩于身 ...

关 注 我 们 获 取 更 多 资 讯 业 务 咨 询 添 加 客 服 瑞达期货研究院 「2025.07.04」 工业硅多晶硅市场周报 反内卷拉台期价，双硅未有重大反转 研究员:黄闻杰 期货从业资格号F03142112 期货投资咨询从业证书号Z0021738 目录 目录 1、周度要点小结 2、期现市场 3、产业情况 1、周度要点小结 2、期现市场 3、产业情况 「 周度要点小结」 3 u 行情回顾： 本周工业硅下跌0.62%，本周工业硅在上周情绪回暖前提下，本周虽然上半周继续上行，但下半周开始逐 步回落主要原因来自于现货价格不断上行拉动期货价格上行，市场受到情绪驱动上涨后工业硅生产企业进行套保，从 而压低了价格，多晶硅方面本周上涨6.59%，本周受到光伏行业反内卷驱动，整体价格出现大幅拉升，一度超过现货价 格，但是后续由于市场情绪消退，基本面未有现象级改变，下半周逐步回落。 u 行情展望：工业硅方面，从供应端来看，本期工业硅现货价格大幅上行，西南地区电价下调，大厂接下来存在开工预 期，进入7月，西南电价会进一步降低，伴随着现货价格上行，中小企业也有复产计划，但整体来说，由于反内卷会议 预计后续小厂开炉概率较低 ...

| 天然橡胶产业期现日报 | | | | | | | --- | --- | --- | --- | --- | --- | | 投资咨询业务资格:证监许可 [2011】1292号 | | | | | | | 2025年7月4日 | | | | 寇帝斯 | Z0021810 | | 现货价格及基差 | | | | | | | 品种 | 7月3日 | 7月2日 | 涨跌 | 涨跌幅 | 单位 | | 云南国营会乱胶(SCRWF):上海 | 13950 | 14000 | -50 | -0.36% | | | 全乳基差(切换至2509合约) | -65 | -125 | 60 | 48.00% | 元/吨 | | 泰标混合胶报价 | 13900 | 13950 | -50 | -0.36% | | | 非标价差 | -115 | -175 | 60 | 34.29% | | | 杯胶:国际市场:FOB中间价 | 48.55 | 48.20 | 0.35 | 0.73% | 泰铢/公斤 | | 胶水:国际市场:FOB中间价 | 54.50 | 55.00 | -0.50 | -0.91% | | | 天然橡胶:胶块 ...

新能源及有色金属日报 | 2025-07-04 政策端扰动较大，多晶硅短期波动显著放大 工业硅： 供应端：工业硅现货价格持稳。据SMM数据，昨日华东通氧553#硅在8600-8800（50）元/吨；421#硅在8900-9100 （50）元/吨，新疆通氧553价格8000-8200（50）元/吨，99硅价格在8000-8100（0）元/吨。 SMM统计7月3日工业硅主要地区社会库存共计55.2万吨，较上周环比减少1万吨。其中社会普通仓库12.6万吨，较 上周环比减少0.2万吨，社会交割仓库42.6万吨（含未注册成仓单及现货部分），较上周环比增加1.2万吨。 消费端：据SMM统计，有机硅DMC报价10300-10600（0）元/吨。SMM报道，有机硅企业周度产量环比小降，主 因个别单体厂周内有降负荷生产情况，从月度周度看，7月份有机硅产量环比预期小增，对工业硅需求量表现尚可。 铝硅合金企业周度开工率小幅走弱，主要受需求淡季订单疲软影响。 策略 当天工业硅期货盘面价格震荡运行，现货价格企稳。短期供需边际好转，西南开工增加，西北大厂开工存在不确 定性，消费端环比改善，显性库存降低，但总库存或维持增加，没有政策干预情 ...

Group 1 - Brother Technology expects a net profit of 60 million to 75 million yuan for the first half of 2025, representing a year-on-year increase of 325% to 431.25% [1] - Zhonggang Luonai's shareholder plans to reduce its stake by 0.5%, amounting to no more than 562,500 shares [1] - Hesheng Silicon Industry's controlling shareholder intends to exchange up to 1% of its shares for ETF units, totaling no more than 11,822,100 shares [1][2] Group 2 - Suotong Development's actual controller plans to reduce its stake by up to 2.21%, equating to no more than 1,098,720 shares [2] - Funeng Technology's shareholder plans to reduce its stake by no more than 1%, totaling up to 12,221,000 shares [2][3] - Yuhua Development expects a net profit of 175 million to 225 million yuan for the first half of 2025, a year-on-year increase of 632% to 784% [4][5] Group 3 - Dingsheng Co. plans to reduce its stake by no more than 1.71%, equating to up to 726,430 shares [5] - Renle's stock has been terminated from listing, officially delisted on July 4, 2025 [6] - Weitang Industrial's controlling shareholder plans to reduce its stake by no more than 1.95%, totaling up to 340,000 shares [7] Group 4 - Yingfeng Environment's convertible bond may trigger a downward adjustment of the conversion price due to stock prices falling below 85% of the conversion price [8] - Jingye Da's actual controller plans to reduce its stake by no more than 3%, equating to up to 694,150 shares [10] - Yongtai Technology and its subsidiary are suing for 57.5193 million yuan in damages [11] Group 5 - *ST Meigu's subsidiary has been applied for bankruptcy liquidation [12] - Daoshi Technology plans to invest up to 165 million USD in a copper wet smelting project in the Democratic Republic of Congo [13] - Xinbo Co.'s actual controller plans to reduce its stake by no more than 1.54%, totaling up to 372,440 shares [14] Group 6 - Yunnan Energy Investment has obtained the development rights for a photovoltaic power generation project with a capacity of 20 MW [15] - Qinglong Pipe Industry's controlling shareholder plans to reduce its stake by no more than 3%, equating to up to 990,970 shares [15] - Yangjie Technology has terminated the share issuance and cash acquisition of Beite Electronics, opting for cash acquisition instead [16] Group 7 - Taijia Co.'s controlling shareholder plans to reduce its stake by no more than 3%, totaling up to 755,210 shares [17] - Songyang Resources has terminated the planning of a control change and will resume trading on July 4, 2025 [19]

2025年07月04日 国泰君安期货商品研究晨报 观点与策略 | 铜：美元回升，限制价格上涨 | 3 | | --- | --- | | 锡：宏观环境带动上行 | 5 | | 镍：矿端支撑有所松动，冶炼端限制上方弹性 | 7 | | 不锈钢：库存边际小幅去化，钢价修复但弹性有限 | 7 | | 碳酸锂：累库格局延续，关注上方空间 | 9 | | 工业硅：情绪发酵，盘面波动放大 | 11 | | 多晶硅：市场消息发酵，盘面波动加剧 | 11 | | 螺纹钢：宏观情绪提振，偏强震荡 | 13 | | 热轧卷板：宏观情绪提振，偏强震荡 | 13 | | 硅铁：宽幅震荡 | 15 | | 锰硅：宽幅震荡 | 15 | | 焦炭：反内卷信号发酵，震荡偏强 | 17 | | 焦煤：反内卷信号发酵，震荡偏强 | 17 | | 动力煤：日耗修复，震荡企稳 | 19 | | 对二甲苯：供需紧平衡，逢低正套 | 20 | | PTA：多PX空PTA | 20 | | MEG：单边震荡市 | 20 | | 橡胶：震荡运行 | 22 | | 合成橡胶：震荡运行格局延续 | 24 | | 沥青：暂时震荡，关注地缘 | 26 | | L ...

2025年07月04日 | 观点与策略 | | --- | | 镍：矿端支撑有所松动，冶炼端限制上方弹性 | 2 | | --- | --- | | 不锈钢：库存边际小幅去化，钢价修复但弹性有限 | 2 | | 碳酸锂：累库格局延续，关注上方空间 | 4 | | 工业硅：情绪发酵，盘面波动放大 | 6 | | 多晶硅：市场消息发酵，盘面波动加剧 | 6 | 国 泰 君 安 期 货 研 究 所 请务必阅读正文之后的免责条款部分 1 期货研究 国泰君安期货商品研究晨报-绿色金融与新能源 商 品 研 究 2025 年 7 月 4 日 镍：矿端支撑有所松动，冶炼端限制上方弹性 不锈钢：库存边际小幅去化，钢价修复但弹性有限 张再宇 投资咨询从业资格号：Z0021479 zhangzaiyu@gtht.com 【基本面跟踪】 镍基本面数据 | | | 指标名称 | T | T-1 | T-5 | T-10 | T-22 | T-66 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | 沪镍主力（收盘价） | 121,790 | 570 | 960 ...

黑色建材组 陈张滢 从业资格号：F03098415 交易咨询号：Z0020771 0755-23375161 chenzy@wkqh.cn 郎志杰 从业资格号：F3030112 0755-23375125 langzj@wkqh.cn 万林新 黑色建材日报 2025-07-04 钢材 从业资格号：F03133967 0755-23375162 wanlx@wkqh.cn 赵 航 从业资格号：F03133652 0755-23375155 zhao3@wkqh.cn 螺纹钢主力合约下午收盘价为 3076 元/吨, 较上一交易日涨 11 元/吨（0.358%）。当日注册仓单 27073 吨, 环比增加 1803 吨。主力合约持仓量为 223.7249 万手，环比增加 10870 手。现货市场方面, 螺纹钢天津汇 总价格为 3160 元/吨, 环比持平; 上海汇总价格为 3150 元/吨, 环比持平。 热轧板卷主力合约收盘价为 3208 元/吨, 较上一交易日涨 17 元/吨（0.532%）。 当日注册仓单 66078 吨, 环比减少 0 吨。主力合约持 仓量为 159.5284 万手，环比减少 474 手。 现货 ...

当前反内卷式供给侧改革与上一轮供给侧改革有何不同？ "反内卷"——供给侧改革机遇：钢铁+电解铝+硅！ 20250703 摘要 当前反内卷式供给侧改革旨在优化资源分配，与上一轮侧重上游原料去 杠杆、推高价格不同，本轮改革更关注产业链整体困境，需产能出清、 需求回升、宏观经济配合及库存周期反转等多重因素共振，目前仍处于 预期阶段。 钢铁行业今年表现为低盈利、低库存、低产量，易受政策和预期催化， 行情分两阶段：第一波为预期驱动的短平快行情，第二波伴随政策落地 后企业盈利改善而缓慢修复，整体情绪修复后存在超跌反弹机会。 针对钢铁、电解铝和工业硅等金属子板块，政策硬约束卡住供给端扩张， 通过市场手段终结价格战，提高产品品质，加速落后产能出清，并配套 公平竞争审查条例及全国统一大市场建设指引，打破地方保护主义。 当前股票投资应抓住政策催化的短平快行情，但幅度中性，第二波行情 则伴随细则落地后企业盈利改善而缓慢向上修复，更稳当持久，应关注 政策落实和各项条件共振带来的反转信号。 Q&A 中央财经委第六次会议释放了哪些关键信号，对钢铁、电解铝和硅行业有何影 响？ 中央财经委第六次会议释放了整治低价无序竞争、倒逼落后产能退出的 ...