( 图片来源：《澳华财经在线》) 【财经要闻及评论】 █ 文｜ACB News《澳华财经在线》 澳村牛哥 本文导读 ● FY25财年澳交所（ASX）500家成分股中，涨幅居前的50家公司中21家为黄金概念股，涨幅前10企业 中黄金股更是占据8席； ● 黄金正悄然迎来"再次货币化"的新时代，眼下正处于一个脱离美元主导格局的"分水岭"——全球贸易 体系正在重塑对实物资产的需求结构，黄金作为最重要的非主权实物资产之一，其战略价值正在被重新 认识。 ● 黄金资源量明确、项目进入开发阶段，过去一年个股走势和大盘指数走势背离、股价处于中期调整探 底阶段的黄金勘探开发公司，将有望迎来价值重估的重要时间窗口期。 过去一年多全球大宗商品市场中，有色金属板块表现出色。 澳大利亚联邦银行（CBA）对今年上半年矿业和能源大宗商品价格的统计表明，铂金在6月下旬攀升至 每盎司1400美元，创14年新高，半年涨幅达51%，勇夺涨幅榜冠军。 与此同时，黄金——无论是期货还是现货价格，保持极为强势的上行态势，4月中旬创下每盎司约3500 美元的历史新高，今年上半年飙升27%，位居涨幅榜亚军，录得自全球金融危机爆发以来的最佳半年表 现。 黄金板 ...

Core Insights - The article highlights the integration of sports, culture, and tourism in Chengdu's Pengzhou district, showcasing various high-level events and the concept of "micro-events" to attract visitors and enhance local consumption [1][3][9] Group 1: Event Highlights - The "PONPON Flying Run" event attracted significant attention, with a unique "one ticket" model that simplifies participation in various activities, enhancing visitor experience [3][5] - The first Urban Outdoor Life Season in Pengzhou featured a range of activities including night runs, dining discounts, and free transportation, promoting local businesses and tourism [5][9] Group 2: Economic Impact - The integration of events and local businesses led to a 25% increase in hotel consumption, indicating a positive economic impact from the new tourism strategies [5][11] - The event attracted over 54,000 attendees, resulting in a 17.55% increase in visitor numbers to the Longxing business district, demonstrating the effectiveness of the "micro-business circle" approach [9][11] Group 3: Strategic Development - Pengzhou aims to establish itself as a "sub-center" of Chengdu, focusing on the dual integration of culture and tourism with various industries to create a new consumer destination [13] - The local government is committed to enhancing the competitiveness of Pengzhou through innovative practices in event organization and community engagement [11][13]

投资者关系活动记录表 编号 2025-013 | | 特定对象调研 分析师会议 | | --- | --- | | 投资者关系 | 媒体采访 业绩说明会 | | 活动类别 | 新闻发布会 路演活动 | | | 现场参观其他 | | 参与单位名称及 | 1、富国基金 董治国 | | 人员姓名 | 2、民生证券 崔若瑜 | | 时间 | 2025年7月7日下午13:30-15:00 | | 地点 | 腾讯会议 | | 上市公司接待人 员姓名 | 公司董事会秘书、财务总监 李红涛 | | | 1、公司汽车业务的基本情况介绍。 | | | 公司长期致力于高强度精密紧固件、异形连接件等产品的研 | | | 发、生产与销售，产品主要应用于汽车发动机涡轮增压系统，换档 | | | 驻车控制系统，汽车排气系统，汽车座椅、车灯与后视镜等内外饰 | | | 系统的汽车关键零部件的连接、紧固。在新能源汽车上，产品主要 | | | 应用于电池托盘、底盘与车身、电控逆变器、换电系统等模块。此 | | | 外，公司的紧固件产品还应用于电子电器、通信等行业。 | | | 2、公司汽车业务未来还有哪些增长点？ | | | ① ...

1. Report Industry Investment Rating No relevant content provided. 2. Core Viewpoints of the Report - The scarcity of orbital spectrum drives competition, and the construction of domestic low - orbit constellations has entered an accelerated phase. With limited low - orbit space and spectrum resources and strict deployment time requirements from the ITU, competition for resource locking is intensifying. China is expected to see an accelerated launch of low - orbit satellites from 2025 - 2030. Representative constellations include "Guowang", "Qianfan", and "Honghu - 3". Shanghai Harbor, with its satellite energy system products, is expected to benefit from the accelerated development of low - orbit satellites [5]. - Leading waterproofing companies such as Yuhong, Beixin, and Keshu have raised prices on both civil construction and engineering products. In the context of the industry's "anti - involution", the collective price increase by leading enterprises may promote price recovery, but the degree of price repair remains to be seen due to weak demand [5]. - Investment suggestions include paying attention to companies like Honglu Steel Structure, China Jushi, Punan Co., Ltd., Hainan Huatie, Beixin Building Materials, China National Chemical Engineering, China State Construction, Shanghai Harbor, Sinoma Science & Technology, and Keda Manufacturing [5]. 3. Summary According to the Table of Contents 3.1 Week - Specific Topic: Orbital Spectrum Scarcity Drives Competition, and Domestic Low - Orbit Constellation Construction Enters an Accelerated Phase - **Satellite Orbit Types**: Communication satellite orbits are mainly divided into GEO, MEO, and LEO. LEO can reduce power attenuation and communication delay, simplify terminal design, and is suitable for multi - satellite networking. Compared with GEO, LEO/MEO has smaller delay, and satellites are smaller and lighter, facilitating multi - satellite launches and reducing constellation construction costs and cycles [5][7]. - **Resource Scarcity and Competition**: Low - orbit space and frequency spectrum resources are scarce. The total capacity of low - orbit satellites is about 60,000, and Starlink plans to send 42,000 satellites into low - orbit by 2027, accounting for about 70%. The L, S, C frequency bands are almost exhausted, and the Ku, Ka bands are difficult to coordinate. According to ITU rules, operators need to complete satellite deployment within a specified time to lock resources, intensifying competition [5][11]. - **Policy Support**: Since 2014, China has successively introduced policies to encourage private capital to participate in commercial space activities. In 2023, commercial space was included in strategic emerging industries, and it has been mentioned in the government work reports of 2024 and 2025, indicating strong policy support [16]. - **Global and Domestic Constellation Construction Status**: Globally, SpaceX leads in low - orbit constellation construction, with other countries' enterprises following. In China, constellations like "Guowang", "Qianfan", and "Honghu - 3" have formulated phased launch plans. Although the number of launches in 2024 did not meet expectations, the launch rhythm is expected to accelerate from the second half of 2025 [5][17][23]. 3.2 Profit Forecast and Valuation of Main Covered Companies The report provides profit forecasts, valuations, and investment ratings for multiple companies, including Hainan Huatie, Punan Co., Ltd., China Jushi, etc. EPS, P/E, P/B, and other indicators for 2024 - 2027 are presented, and most investment ratings are maintained [33]. 3.3 Weekly Market Review - **Industry Index Performance**: In the week from June 28th to July 4th, 2025, the building and building materials industries showed certain fluctuations. Among building sub - sectors, the garden engineering index had the highest increase at 2.20%, while among various industries, the steel index had a relatively large decline [38][40]. - **Infrastructure Public REITs Performance**: The report lists the closing prices, 52 - week highs and lows, weekly, monthly, year - to - date, 250 - day, and IPO - since price changes of multiple infrastructure public REITs. The average weekly increase was 1.07%, the average monthly increase was 1.31%, and the average year - to - date increase was 20.99% [46][47]. 3.4 Aggregate Data Tracking - **Real Estate Data**: The report presents data on real estate new construction, construction, completion, sales area cumulative year - on - year growth, land transaction area, and real estate transaction data from 2022 - 2025 [49][58][68]. - **Social Financing Data**: Data on monthly new social financing, new RMB loans, new corporate bond financing, etc., from 2022 - 2025 are provided [78]. - **Infrastructure Investment Data**: The cumulative year - on - year growth rates of narrow - sense and broad - sense infrastructure investment, as well as investment in power, transportation, and water conservancy industries from 2022 - 2025, are shown. The new contract signing data of eight major construction central enterprises from 2022Q1 - 2025Q1 are also presented [88][94]. - **Special Bond Issuance Data**: Data on monthly and cumulative new and replacement special bond issuance from 2022 - 2025 are provided [96]. 3.5 High - Frequency Data Tracking - **Cement Data**: Information on national PO42.5 cement average price, East China regional cement price, cement - coal price difference index, cement capacity utilization rate, and cement production monthly year - on - year growth rate is presented [107][114]. - **Float Glass Data**: Data on glass spot price, futures price, inventory, and daily melting volume are provided [115][117][119][122]. - **Photovoltaic Glass Data**: Information on soda ash price, 2mm photovoltaic glass price, inventory, and daily melting volume is presented [122][123][125]. - **Glass Fiber Data**: Prices of SMC roving, winding direct roving, injection roving, G75 electronic yarn, and glass fiber inventory are shown [128][129][132][134][138]. - **Carbon Fiber Data**: Data on carbon fiber average price, raw silk price, inventory, production, capacity utilization rate, gross profit margin, cost, and gross profit are provided [135][139][142][146][148][151][152]. - **Magnesia and Alumina Price Data**: Prices of large - crystal fused magnesia and alumina are presented [153][156]. - **Upstream Raw Material Price Data**: Prices of asphalt, waste paper, PVC, and HDPE are shown [159][160][162][163]. - **Physical Workload Data**: Prices of titanium dioxide and acrylic acid, high - machine rental rate, excavator working hours, and asphalt average capacity utilization rate are presented [167][168][170][173].

来源：Wind 上周融资净买入金额前十股 | 行业 | | 两融余额(万元) 融资余额(万元) | 融资净买入额 | | --- | --- | --- | --- | | | | | (月元) | | SW电力设备 | 13266746.74 | 13221790.95 | 266376. 13 | | SW国防军工 | 6684991. 36 | 6650308. 64 | 191318. 86 | | SW有色金属 | 7920146. 44 | 7885040.08 | 190813. 55 | | SW基础化工 | 8034752. 42 | 8007351. 50 | 134703. 87 | | SW计算机 | 14160086. 17 | 14118964. 31 | 126570. 60 | | SW电子 | 21312900. 57 | 21233598.02 | 126415. 17 | | SW通信 | 6316336. 77 | 6296566. 45 | 126033. 67 | | SW非银金融 | 15642384. 45 | 15596999. 20 | 95167. 18 ...

来源：环球网 "作为上海乐高乐园度假区的核心配套工程，'爱琴海·缤纷里'商业街以'国际亲子IP+旗舰商业'模式，构 建集精品酒店、购物中心、主题街区于一体的复合型消费空间。"上海缤纷里建设发展有限公司总经理 梁伟麟说道。 7月5日，备受瞩目的上海乐高乐园度假区主题商业街在上海市金山区枫泾镇盛大启幕。该项目由上海新 金山投资控股集团有限公司投资、中国能建葛洲坝一公司承建，其建成不仅为即将开园的亚洲最大乐高 乐园增添了核心配套设施，更成为推动金山北部文旅产业全面升级的关键力量，为长三角地区文旅商深 度融合注入了全新活力。 该商业街紧邻乐园主入口，中心广场与乐园无缝衔接，为游客提供了便捷的游玩与消费体验。这里不仅 为乐高乐园度假区增添了丰富的商业配套，更成为上海文旅产业的新亮点。未来，它将承担每日数万游 客的集散与消费功能，推动周边地区加快产业升级、城市更新和乡村振兴的步伐，助力金山区深度融入 长三角一体化高质量发展。（彭鹏） 上海乐高乐园度假区主题商业街项目位于金山区枫泾镇，占地面积约8万平方米，总建筑面积达25万平 方米，涵盖酒店、商业街区以及地下两层停车场。自2023年8月开工以来，项目团队便面临着诸多严峻 ...

老字号蕴藏百年匠心工艺，其核心技艺、配方传承多依赖"口传心授"，师傅带徒弟，可一旦出现人 员流动，老字号的核心技艺、配方极易"外流"。这样的情况如何避免？日前，黄浦区市场监督管理局发 布了全市首个《老字号商业秘密保护和创新能力提升指南》（以下简称《指南》）。 联盟首批成员由上海中华老字号企业协会、上海老字号企业代表组成，联盟将充分发挥桥梁纽带作 用，探索解决老字号在工艺传承、数字化转型、跨界合作中的商业秘密保护难题。 "这是全市首个《指南》，旨在帮助企业从制度建设、技术防护等维度建立起一道'护城河'。"黄浦 区市场监督管理局副局长娄卫说。《指南》旨在从实务的视角，帮助老字号企业理解商业秘密基本概 念、识别商业秘密应用场景、构筑商业秘密保护体系、明晰维权救济路径以及厘清商业秘密保护与非遗 传承的关系，努力为老字号企业提升创新发展能级、焕发新生提供"最优解"。 "比如，《指南》根据老字号的特点，明确了哪些可能成为老字号商业秘密的'秘密点'，特别是帮 助我们厘清了非遗传承与商业秘密的内容区别，并指导企业制定非遗商业秘密的分层保护策略。"上海 豫园旅游商城（集团）股份有限公司副总裁王瑾说。 记者 唐烨 当天，黄浦区还 ...

Group 1 - Jiangsu's night economy is being redefined with new consumption scenarios that blend traditional and modern elements, creating a vibrant night-time atmosphere for both residents and tourists [2][5] - The Jiangsu Provincial Department of Commerce has announced a list of 50 "Night Consumption Gathering Business Circles," which integrate various business formats such as cultural performances, sports events, and trendy entertainment [2][5] - The opening of MINISO SPACE in Nanjing represents a shift towards experiential consumption, where consumers seek emotional connections rather than just products [3][4] Group 2 - The "Garden Football Theme Night Market" in Yangzhou combines traditional culture with sports, enhancing the dining experience and attracting significant foot traffic [5][6] - The transformation of commercial spaces into "emotional containers" is crucial for the success of night-time consumption, as seen in various innovative retail environments [3][4] - The D9 Cultural and Creative Commercial Street in Nanjing has become a new highlight for night-time cultural consumption, featuring interactive installations that attract a diverse audience [6] Group 3 - The integration of sports events with commercial activities has proven effective, as seen in the "Viewing Ticket Benefits" initiative in Nanjing, which incentivizes consumer spending during sports events [7][8] - The rise of "first-store economy" and night services is creating a unique synergy, with increased foot traffic and sales during evening hours [7][8] - Cultural elements are being leveraged to enhance the night economy, with events and markets that reflect local heritage and attract large crowds [9][10] Group 4 - The revitalization of urban spaces through lighting and design has significantly increased night-time activity, as demonstrated by the successful transformation of the Jingji Road area in Zhenjiang [10] - The night economy in Jiangsu is evolving beyond mere shopping and dining, becoming a medium for cultural expression and community engagement [10]

早 报 精 选 1、 中方在政府采购活动中对自欧盟进口的医疗器械采取相关措施。 2、马斯克宣布成立"美国党"。 3、特朗普称8月1日起实施新关税，最高税率或达70%。 4、央行拟修订人民币跨境支付系统业务规则。 5、住建部：持续巩固房地产市场稳定态势。 2、今年4月3日，沪深北交易所同步发布《程序化交易管理实施细则》，对程序化交 易报告管理、交易行为管理、信息系统管理、高频交易管理等作出细化规定，将于7月 7日开始正式实施。 宏 观 新 闻 1、 财政部发布关于在政府采购活动中对自欧盟进口的医疗器械采取相关措施的通 知，根据有关法律法规，经批准，财政部决定在政府采购活动中对部分自欧盟进口的 医疗器械采取相关措施。采购人采购预算金额4500万元人民币以上的医疗器械时，确 需采购进口产品的，在履行法定程序后，应当排除欧盟企业（不包括在华欧资企业） 参与。 2、商务部新闻发言人就在政府采购活动中对自欧盟进口的医疗器械采取相关措施答记 者问表示，相关措施是为了维护中国企业的合法权益，维护公平竞争的环境。中方措 施只针对自欧盟进口医疗器械产品，在华欧资企业生产产品不受影响。 3、商务部发布公告，根据《反倾销条例》第三十 ...

投资策略 | 定期报告 短期攻势暂缓，中期升势未变 策略周报 20250706 研究结论 ⚫ 全球市场下周或延续震荡 全球降息交易暂歇，下周延续震荡预期：前一周全球市场普涨系交易 9 月的美联储 降息预期，本周全球主要市场除巴西、美国和中国上涨外，整体出现震荡态势，降 息交易暂歇。我们认为美国市场本周全面上涨，并不是交易降息预期，主要是交易 政策不确定性下降，"大而美"法案成功落地短期降低了市场对特朗普政府执政能 力的担心，但这一利好已经落地，政策实际落地效果仍然具有不确定性。美国最新 就业数据公布后，利率期货交易员认为美国 7 月降息预期已微乎其微，9 月降息概率 也从 98%下降到 80%以下。综上我们认为全球市场的上涨或告一段落，下周延续震 荡预期。 风险事件乐观定价充分，预期差逆转压制上涨动力：上周中美推进"伦敦框架" （中方审批管制物项出口、美方松绑限制），市场或因此短期下调了风险评价。但 当前定价或已充分反映对关税战的乐观预期，市场可能会开始担心 9 日事件落地结 果难超预期。随着交易焦点转向 7 月 9 日关税休战到期， 风险评价预期短升将压制 全球市场反弹动能。 ⚫ A 股短期攻势或暂缓，关税 ...