Core Viewpoint - The company, Ultrasonic Electronics, emphasizes its commitment to technological innovation and product upgrades to enhance market competitiveness in various high-tech fields [1] Group 1: Product Applications - The company's printed circuit board products are widely used in communications, automotive electronics, radar, industrial automation, medical devices, and other high-tech product areas [1] Group 2: Focus on Innovation - The company continuously monitors new technologies and product applications, highlighting the importance of technological innovation and product upgrades [1]

Group 1 - The fund "Chunhou Era Selected Mixed A" was established on January 27, 2022, and has a total management scale of 0.16 billion [1] - As of July 30, 2025, the fund achieved a one-year return of 21.87%, outperforming the benchmark growth rate of 21.68% [1] - The fund's maximum drawdown over the past three years was 39.43% as of July 30, 2025 [1] - The proportion of institutional investors in the fund reached 13.28% according to the 2024 annual report [1] Group 2 - The company is expanding its capacity in the AI server sector, with production facilities in Huai'an, China, and Thailand [2] - The company is actively collaborating with terminal customers in the server market, with the first phase of the Thailand facility completed and in the customer certification and sampling stage [2] - The production cost differences between the Thailand and mainland facilities will be assessed after formal mass production begins [2] - The company's capital expenditure this year is focused on the Thailand facility, soft board expansion, and high-end HDI and SLP projects in Huai'an [2] - The new product requirements are expected to impose higher demands on production processes and performance [2] - The new capacity deployment cycle is approximately six months from equipment layout to production [2] - The company is set to achieve customer certification for optical modules in the second half of 2024 and is actively seeking new clients [2]

为助力外贸优品企业开拓国内市场，激发消费活力，5月21日，潍坊市总工会联合潍坊市商务局、安丘市 人民政府开展潍坊市工会系统助力职工餐厅食材外贸优品内销对接活动，助力我市外贸企业稳订单、拓渠 道，激发消费新活力。 30家市直医院、高校、大企业工会主席和食堂采购负责人，部分餐饮企业采购负责人，"惠工优选"、工友 创业联盟等60余人现场参观农谷展厅、奥源净菜加工车间、鲁丰集团产品展厅、正大鸡蛋产品展厅并与68 家外贸企业开展产销对接活动。其中山东酱道食品有限公司、中粮面业（潍坊）有限公司等20家企业与潍 坊学院、歌尔、潍柴、惠工优选等28家采购商达成意向供货。 ...

7月31日，沪深两市成交额合计1.94万亿元，较上一交易日放量约917.56亿元。其中，沪市成交额 8458.93亿元，深市成交额1.09万亿元。新易盛成交额居首，为146.05亿元。其后是中际旭创、宁德时 代、胜宏科技、北方稀土，成交额分别为142.75亿元、120.89亿元、109.11亿元、105.3亿元。 ...

Market Overview - The A-share market experienced a decline, with the Shanghai Composite Index falling below the 3600-point mark. However, the ChiNext Index showed relatively strong performance, remaining in positive territory for most of the session [4]. - The Hong Kong stock market also displayed a lackluster performance, with the Hang Seng Index dipping below the 25000-point threshold [10][12]. Key Stocks - Industrial Fulian saw a significant increase, hitting the daily limit and reaching a historical high with a market capitalization of approximately 700 billion yuan [7]. - The newly listed stock Dingjia Precision surged nearly 500% during its debut, focusing on the design, research, development, production, and sales of functional and protective products for consumer electronics [9]. Sector Performance - In the A-share market, several sectors such as steel, non-ferrous metals, coal, and real estate experienced declines exceeding 2%, negatively impacting major indices [4]. - Conversely, the TMT (Technology, Media, and Telecommunications) sector showed strength, with communication, computer, and electronics sectors performing relatively well [5]. Notable Events - Dingjia Precision's IPO highlights the growing demand for customized solutions in the consumer electronics sector, with established partnerships with major clients like Compal, Delta Electronics, and others [9]. - In the Hong Kong market, the stock of Zhong'an Smart Life surged over 30% following the announcement of a strategic cooperation agreement with Shenzhen Mai Guang Huo Supply Chain Co., enhancing supply chain management and brand operations [13][14].

Group 1 - The A-share market experienced an overall decline, with the Shanghai Composite Index falling below the 3600-point mark, while the ChiNext Index showed relatively strong performance [2][3] - Major sectors such as steel, non-ferrous metals, coal, and real estate saw declines exceeding 2%, negatively impacting the main indices, while TMT sectors like telecommunications, computers, and electronics performed relatively well [2] - Industrial Fulian's stock surged, hitting a historical high and reaching a market capitalization of approximately 700 billion yuan [2][3] Group 2 - The Hong Kong stock market showed a lackluster performance, with the Hang Seng Index dropping below the 25,000-point mark, and several constituent stocks like Longfor Group and WuXi AppTec leading the decline [4] - ZHONGAN Smart Life experienced a significant increase, with its stock price rising over 30% following the announcement of a strategic cooperation agreement with Shenzhen Mai Guang Huo Supply Chain Co., Ltd [5][6] - The strategic cooperation aims to optimize and innovate various aspects of the supply chain, enhance market influence, and improve customer experience and service quality [6]

Market Overview - The A-share market experienced a decline, with the Shanghai Composite Index falling below the 3600-point mark [2][3] - The Hong Kong stock market also showed weakness, with the Hang Seng Index dropping below the 25000-point threshold [7][8] Sector Performance - In the A-share market, sectors such as steel, non-ferrous metals, coal, and real estate saw declines exceeding 2%, negatively impacting major indices [3] - Conversely, the TMT (Technology, Media, and Telecommunications) sector showed strength, with communication, computer, and electronics sectors performing relatively well [4] Individual Stock Highlights - Industrial Fulian saw a significant increase, hitting the daily limit and reaching a historical high with a market capitalization of approximately 700 billion yuan [5] - The newly listed stock Dingjia Precision experienced a surge of nearly 500% during trading, focusing on functional and protective products for consumer electronics [6] Strategic Developments - Zhong An Smart Life announced a strategic cooperation agreement with Shenzhen Mai Guang Huo Supply Chain Co., aiming to enhance supply chain management and brand operations [8][9]

Core Viewpoint - Chinese enterprises are undergoing a profound transformation in their globalization strategy, shifting from product and manufacturing output to brand building and full industry chain collaboration, particularly in the European market [1] Group 1: Investment and Expansion - Tuobang Co., Ltd. strategically invested in a manufacturing base in Timișoara, Romania, covering over 12,000 square meters, which commenced production in 2023 [2] - The base is designed to comply with EU regulations and has achieved various international quality and management certifications, including ISO9001, ISO14001, and ISO45001 [2] - By July 2025, the base is expected to have 13 production lines, with plans to expand to 32 lines, achieving an estimated annual production capacity of 12 million units [2] Group 2: Supply Chain Resilience - The Romanian base enhances supply chain resilience by leveraging the "Made in Europe" label, which increases product recognition and provides stable supply, cost optimization, compliance quality, and timely response [4] - The location in Central and Eastern Europe allows for rapid local procurement of raw materials and standard components, reducing delivery times to 1-2 weeks compared to traditional global procurement methods [4][7] - Finished products can be shipped to major European markets within 1-3 days, significantly faster than shipping from China, which can take from one week to 80 days [4] Group 3: Flexibility and Customization - The Romanian facility is equipped with advanced automation equipment to support diverse and customized manufacturing needs, enabling agile responses to European customer orders [5] - The base's geographical proximity allows for dynamic adjustments to production and delivery plans, aligning with Just-in-Time (JIT) production models, thereby reducing customer inventory costs [5][8] Group 4: Cost Advantages and Compliance - The "Made in Europe" label, combined with the cluster effect of the upstream and downstream supply chain, offers significant cost advantages, with EU internal logistics costs being 20%-40% lower than imports from Asia [7] - The Romanian base adheres to EU environmental and labor regulations, facilitating easier market access and compliance for customers, particularly in the electronics manufacturing sector [7] - The facility's compliance with strict EU regulations like RoHS and REACH reduces customers' compliance costs and enhances their competitive edge in international markets [7] Group 5: Customer Proximity and Service - The Romanian base's geographical and cultural proximity to customers enhances local service efficiency, allowing for real-time communication and rapid problem resolution [8] - Customers can supervise production on-site and receive initial solutions within 24 hours, with technical support arranged within 2-3 working days [8] - Local handling of defective products and repairs improves response efficiency and minimizes delays caused by traditional cross-border logistics [8] Group 6: Future Outlook - As production capacity and system capabilities continue to improve, the Romanian base is positioned to become a core hub for the European market, linking local resources with Tuobang's global manufacturing network [10] - The base aims to empower customers with resilient supply chains, agile market responses, and optimized operational costs, fostering long-term value and sustainable growth in the European high-end manufacturing sector [10]

每经AI快讯，7月31日，工业富联日内触及涨停，股价续创历史新高，总市值突破7000亿元。 （文章来源：每日经济新闻） ...

工业富联盘中触及涨停，成交额超55亿元。 ...