下跌方面，银行股午后持续回落，逾20股跌超2%。板块方面，稀土永磁、证券、互联网 金融、有色金属等板块涨幅居前，银行、PCB、游戏、造纸等板块跌幅居前。 二、机构动向 今日机构参与度较昨日有所提升，净买卖额超1000万元个股共24只，净买入1 5只，净卖 出9只， 其中净买入国瑞科技6 5 2 1万、中科金财5226万、中大力德5 0 4 6万，净卖出华光 环能8097万、中国稀土4 5 2 4万、欢瑞世纪3465万。 市场全天冲高回落，三大指数小幅上涨。沪深两市全天成交额1 .71万亿，较上个交易日放 量2 180亿，成交额创3月1 5日以来新高。 盘面上，市场热点较为杂乱，个股涨多跌少，全市场超2900只个股上涨。 从板块来看，稀土永磁概念股集体爆发，北方稀土等10余股涨停。 券商、互联网金融概念股一度冲高，指南针创历史新高。CRO概念股表现活跃，药明康 德涨停。 三、焦点公司 ...

Market Overview - The A-share market is showing signs of a bull market, with the Shanghai Composite Index reaching a 9-month high of 3555.22 points on July 11, 2025, and closing at 3510.18, the highest since January 25, 2022 [1] - The total trading volume for the day was 1.74 trillion yuan, indicating a surge in market sentiment [1] - The week from July 7 to July 11 saw the Shanghai Composite Index and Shenzhen Component Index both rise by 1.78%, while the ChiNext Index increased by 2.36%, marking a three-week streak of gains [2] Financial Technology Sector - The financial technology sector is experiencing significant growth, driven by the "stablecoin concept" and internet brokerage firms, with the financial technology ETF (159851) rising by 3.76% to reach a historical high [2][3] - Major stocks in the sector, such as Guoao Technology and Jinzheng Co., saw strong performance, with several stocks hitting the daily limit [2] - The financial technology index has surged over 39% in the past three months, outperforming other major indices [4] Brokerage Firms - Brokerage firms are leading the market rally, with the top brokerage ETF (512000) rising by 4.35% to set a new yearly high, and total trading volume reaching 19.52 billion yuan, a 139.8% increase from the previous day [5][8] - Major brokerage stocks like Dongfang Wealth and Zhongyin Securities saw significant inflows, with Dongfang Wealth achieving a trading volume of 263.14 billion yuan [8][9] - Three brokerage stocks hit the daily limit, indicating strong market interest and performance [12] Rare Earth and Nonferrous Metals - The rare earth sector is also witnessing a strong rally, with major companies like Northern Rare Earth and Baotou Steel announcing price increases, leading to significant gains in related stocks [16][19] - The nonferrous metals sector attracted substantial capital inflows, with a net inflow of 99.89 billion yuan, ranking among the top three sectors for capital inflow [17] - The rare earth ETF (159876) rose by 2.18%, reaching a new yearly high, driven by strong performance from leading companies in the sector [16] Earnings Reports - The earnings season is underway, with companies like China Shipbuilding and WuXi AppTec forecasting significant profit increases, contributing to a bullish sentiment in their respective sectors [1] - The brokerage sector is expected to continue its high growth trajectory, supported by increased trading activity and favorable market conditions [15]

Group 1 - The "siphon effect" in first-tier cities remains strong, with Beijing leading in job application activity, followed by new first-tier cities like Chengdu and Chongqing showing high recruitment activity [1] - The most in-demand positions include service staff, sales specialists, clerks, beauticians, chefs, and general workers, indicating a growing employment potential in the service and manufacturing sectors due to rising service consumption and traditional industry transformation [1] - The rapid development of the platform economy is breaking traditional employment boundaries, providing job seekers with more flexible and diverse options, which is a significant driver of talent mobility across cities and industries [1] Group 2 - The delivery industry is focusing on the Yangtze River Delta cities, with job applications in Suzhou, Hangzhou, Shanghai, and Chongqing seeing a rise of over 5% [2] - The growth in the e-commerce sector and increased subsidies from delivery platforms have stimulated diverse consumer demands for instant delivery, leading to a continuous increase in related job requirements [2] - The average job application rate for driver positions in the top 15 cities increased by 8.1%, with cities like Hangzhou, Shanghai, Suzhou, Xi'an, and Chongqing experiencing over 10% growth, highlighting the appeal of flexible job opportunities in the ride-hailing sector [2]

如今，情绪价值主导的全新叙事，让IP超越时间、年龄的限制成为可能。IP产业正在升级之中，产品设计从功能满足转向情感共振，叙事载体突破单一媒 介束缚，本土IP加速全球化渗透。在当下文娱产业的全球化浪潮中，IP正在成为文化输出的通用语言。 "从农场到工厂，从工厂到乐园，从中国到全球。"这几乎是侯晓楠IP全产业链运营及全球运营的三部曲。侯晓楠一直相信，IP是撬动消费的超级变量。在 他看来，消费即表达，IP即身份，情感消费将驱动千亿生态圈。打通内容-体验-商业的链路，IP将成为深入年轻圈层的通行证。 侯晓楠是阅文IP宇宙的"织网者"。仅2024这一年的时间里，阅文就新增了约33万名作家、65万本小说，以及420亿中文字符。此外，全网霸屏TOP30的剧 集中，每两部就有一部是来自阅文出品或阅文IP。今年年初，侯晓楠提出"在海外再造一个阅文"，这更标志着新赛点的临近。 侯晓楠于2020年4月加入阅文，担任阅文集团总裁，随后于2023年5月出任阅文集团首席执行官兼总裁。五年来，这位北航计算机系出身、兼具产品经理敏 锐与创业者魄力的CEO，将阅文锻造成"IP宇宙的织网者"，以"IP农场-IP工厂-IP乐园"三阶战略，让中国故 ...

Core Viewpoint - The Hong Kong stock market has shown resilience and vitality, with the Hang Seng Index and Hang Seng Tech Index rising by 20% and 18.68% respectively in the first half of 2025, driven by significant inflows of southbound funds [1][2] Group 1: Market Performance - The Hong Kong stock market has outperformed globally, entering a technical bull market, primarily due to the revaluation of Chinese assets and the alignment with the rapid development of AI and consumption upgrades [1][3] - Southbound funds have significantly contributed to the market's strength, with net purchases exceeding 730 billion HKD in the first half of the year, nearly double the amount from the same period last year [1][2] Group 2: Characteristics of Southbound Funds - The inflow of southbound funds has been characterized by explosive growth and structural optimization, with institutional funds accounting for about 70% of the total inflow [2][3] - In the first quarter alone, southbound funds reached a record high of 440 billion HKD, indicating strong institutional interest, particularly from public funds and insurance companies [2][3] Group 3: Investment Opportunities - Four categories of scarce assets in the Hong Kong market are highlighted: AI applications, innovative pharmaceuticals, new consumption, and dividend-paying stocks [3][4] - AI-related assets represent over 60% of the market capitalization in the tech sector, making them a focal point for investment as the sector experiences significant growth [4][5] - New consumption assets also account for approximately 60% of the market capitalization in the consumption sector, reflecting changing consumer preferences [4][5] Group 4: Changing Investment Logic - The investment logic for innovative pharmaceuticals has shifted from being concept-driven to being fundamentally driven, supported by policy enhancements and improved R&D capabilities [5][6] - New consumption trends are evolving from short-term themes to long-term structural opportunities, with a focus on products that resonate with younger consumers [6][7] Group 5: Outlook for the Second Half - The Hong Kong stock market is expected to continue its bull market in the second half of the year, supported by ample liquidity and favorable industry cycles [7] - Key investment areas include scarce assets that are unique to the Hong Kong market and closely aligned with current industry trends, particularly in AI applications and dividend stocks [7]

| 港股通(沪)活跃成交股 | | --- | | 小米集团-W HK 01810 | 5.72亿 | 6.04亿 | 11.76亿 -3151.82万 | | --- | --- | --- | --- | | 中国平安 | 8.47亿 | 3.23亿 | 11.70亿 | | HK 02318 | | | +5.24亿 | | 香港交易所 | 6.17亿 | 3.62亿 | 9.78亿 | | HK 00388 圖片立語· 知道 叶 久 | | | +2.55 乙 | 港股通(深)活跃成交股 7月11日港股市场，北水成交净买入17.44亿港元，其中港股通(沪)成交净卖出21.97亿港元，港股通(深) 成交净买入39.41亿港元。 北水净买入最多的个股是美团-W(03690)、中国平安(02318)、港交所(00388)。北水净卖出最多的个股是 小米集团-W(01810)、阿里巴巴-W(09988)、腾讯(00700)。 | 股票名称 | 买入额 | 卖出额 | 买卖总额 | | --- | --- | --- | --- | | | | | 净流入 | | 中州证券 HK 01375 | 44.02亿 | ...

证券代码：300921 证券简称：南凌科技 南凌科技股份有限公司 投资者关系活动记录表 服务。而南凌科技提供的服务与基础运营商业务有着显著区别， 首先公司是第三方中立的网络服务商，可结合多家运营商基础网 络资源提供服务；其次公司具备自主研发的软硬件产品与技术， 为客户网络与安全的持续运作提供服务。目前，公司服务的客户 还是以外资企业、中外合资企业、民营企业等为主。同时，公司 提供的是多元化云网安融合服务，在自研 SD-WAN 产品的基础 上研发 SASE 产品，通过自主研发与产业深度融合，将网络与安 全结合在一起，并以云服务形式进行交付，满足数字企业的动态 安全访问需求，形成公司进一步的竞争优势。 1 编号：2025-007 投资者关系 活动类别 √特定对象调研□分析师会议 □ 媒体采访□业绩说明会 □ 新闻发布会□ 路演活动 □ 现场参加□其他 参与单位名称 国金证券、德邦证券资管、拓森资本 时间 2025 年 7 月 8 日 10:00-11:30 地点 公司总部会议室 上市公司接待 人员 董事会秘书喻荔女士 投资者关系 活动主要内容 公司董事会秘书喻荔女士简要对公司2024年及2025年一季 度经营状况 ...

据"美团Meituan"公众号7月10日消息，当地时间7月8日，国务院总理李强在里约热内卢出席在巴西中资 企业座谈会。美团出海业务Keeta负责人仇广宇作为互联网企业代表参加座谈会。 仇广宇表示，Keeta将致力于打造可持续发展业务，为消费者带来更丰富的消费选择，并助力本地创造 更多就业机会。美团及Keeta在提升商户与骑手数字技能方面的经验，将有效用于改善经营状况与个人 生计。无论是美团还是Keeta，我们都坚信，在消费者获得更优体验的同时，平台上的每一位参与者都 应当实现共同成长。 金砖国家工商论坛是金砖国家领导人会晤的重要配套活动，其宗旨是促进金砖国家工商界对话磋商、深 化经贸合作、表达新兴国家工商界声音。今年论坛共有金砖国家1000余名工商界代表参与。 李强总理在座谈会上表示，这些年，中国企业"走出去"步伐加快、国际化经营能力增强，对国内经济建 设的重要性也在日益上升。 2025年5月12日，巴西总统卢拉与美团CEO王兴会面，并见证巴西出口投资促进局（ApexBrasil）与 Keeta签署投资协议。美团将在今年正式将旗下外卖服务Keeta引入巴西，并计划5年内在巴西投入10亿 美元支持该项目的发展。 ...

2025 年 7 月 11 日 分析师：陈伟光 S0340520060001 电话：0769-22119430 邮箱： chenweiguang@dgzq.com.cn 周 分析师：罗炜斌 S0340521020001 电话：0769-22110619 邮箱：luoweibin@dgzq.com.cn 资料来源：东莞证券研究所，iFind 相关报告 通信行业 超配（维持） 通信行业双周报（2025/6/27-2025/7/10） 行 业 AI 带来 DWDM 流量增长 投资要点： 本报告的风险等级为中高风险。 本报告的信息均来自已公开信息，关于信息的准确性与完整性，建议投资者谨慎判断，据此入市，风险自担。 请务必阅读末页声明。 SAC 执业证书编号： S0340524070002 电话：0769-22119302 邮箱： chenzhanqian@dgzq.com.cn SAC 执业证书编号： 通信行业指数近两周涨跌幅：申万通信板块近2周（6/27-7/10）累计上 涨3.91%，跑赢沪深300指数2.29个百分点，涨幅在31个申万一级行业中 位列第9位；申万通信板块7月累计上涨0.19%，跑输沪深300指数 ...

本公司董事会、全体董事及相关股东保证本公告内容不存在任何虚假记载、 误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： | 股东名称 | 视京呈通信（上海）有限公司 | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 控股股东、实控人及一致行动人 | | | | □是 | | √否 | | | | 直接持股 5%以上股东 | | | □是 | √否 | | | | | | 股东身份 | | | | | | | | | | 董事、监事和高级管理人员 | | | | □是 | √否 | | | | | 其他：5%以下股东 | | | | | | | | | | 32,802,770股 持股数量 | | | | | | | | | | 持股比例 0.66% | | | | | | | | | | 当前持股股份来源 | 其他方式取得：32,802,770股 | | | | | | | | | 上述减持主体无一致行动人。 | | | | | | | | | | 二、减持计划的实施结果 | ...