Market Overview - The A-share market experienced a volatile adjustment, with all three major indices declining over 1% on the last trading day of July [1] - The overall market trend for the month showed a fluctuating upward movement, with all three major indices closing higher for the month, particularly the ChiNext Index which rose over 8% [1] - The Shanghai Composite Index lost the 3600-point level, which it had regained earlier in the month [1] Trading Volume and Market Activity - The total trading volume for the Shanghai and Shenzhen markets reached 1.94 trillion yuan, an increase of 917 billion yuan compared to the previous trading day [4] - The market saw a significant number of stocks declining, with over 4200 stocks experiencing a drop [1] Sector Performance - The innovative drug concept sector showed strength, with stocks like Nanxin Pharmaceutical hitting the daily limit [1] - AI application stocks remained active against the market trend, with companies like Yidian Tianxia also hitting the daily limit [1] - AI hardware stocks exhibited mixed performance, with the liquid cooling server concept performing strongly, leading to stocks like Yingweike hitting the daily limit [1] - Conversely, cyclical sectors such as steel and non-ferrous metals weakened, with Anyang Steel dropping over 7% [1] - The financial sector was sluggish, with Zhongyin Securities declining over 5% [1] Closing Statistics - At the close, the Shanghai Composite Index fell by 1.18%, the Shenzhen Component Index decreased by 1.73%, and the ChiNext Index dropped by 1.66% [1]

截至7月31日午间收盘，沪指跌0.68%，深成指跌0.45%，创业板指涨0.43%。沪深两市半日成交额超1.1万亿元。从板块来看，AI硬件 股再度大涨，中际旭创等多股再创历史新高。AI应用股走强，易点天下20CM涨停。创新药概念股持续活跃，康缘药业等多股涨停。 下跌方面，钢铁、煤炭等周期股集体调整，安阳钢铁跌超5%。智谱AI、液冷服务器、CPO、创新药等板块涨幅居前，钢铁、煤炭、 油气、有色金属等板块跌幅居前。 上证报中国证券网讯 截至7月31日午间收盘，沪指跌0.68%，深成指跌0.45%，创业板指涨0.43%。沪深两市半日成交额超1.1万亿元。 从板块来看，AI硬件股再度大涨，中际旭创等多股再创历史新高。AI应用股走强，易点天下20CM涨停。创新药概念股持续活跃，康 缘药业等多股涨停。下跌方面，钢铁、煤炭等周期股集体调整，安阳钢铁跌超5%。智谱AI、液冷服务器、CPO、创新药等板块涨幅 居前，钢铁、煤炭、油气、有色金属等板块跌幅居前。 ...

Market Overview - The market experienced fluctuations with the Shanghai Composite Index down by 0.68% and the Shenzhen Component Index down by 0.45%, while the ChiNext Index rose by 0.43% at the close [1] Sector Performance - AI hardware stocks surged again, with companies like Zhongji Xuchuang reaching new historical highs [2] - AI application stocks also strengthened, with Yidian Tianxia hitting the daily limit up [3] - Innovative drug concept stocks remained active, with companies like Kangyuan Pharmaceutical also hitting the daily limit up [4] - In contrast, cyclical stocks such as steel and coal collectively adjusted, with Anyang Steel dropping over 5% [5] Trading Volume - The half-day trading volume for the Shanghai and Shenzhen markets reached 1.14 trillion yuan, an increase of 56.2 billion yuan compared to the previous trading day [6] Notable Stocks - Zhongji Xuchuang, Xinyi Technology, and Ningde Times had significant trading volumes [7]

Market Overview - The market experienced fluctuations with the Shanghai Composite Index declining by 0.68% and the Shenzhen Component Index falling by 0.45%, while the ChiNext Index increased by 0.43% [1][2] - The total trading volume in the Shanghai and Shenzhen markets reached 1.14 trillion yuan, an increase of 562 billion yuan compared to the previous trading day [1][6] Sector Performance - AI hardware stocks surged, with companies like Zhongji Xuchuang hitting new historical highs. AI application stocks also strengthened, exemplified by Yidian Tianxia reaching the daily limit [2][3] - Innovative drug concept stocks remained active, with companies like Kangyuan Pharmaceutical also hitting the daily limit [2] - Conversely, cyclical stocks such as steel and coal experienced collective adjustments, with Anyang Steel dropping over 5% [2][3] Stock Movement - A total of over 3,400 stocks declined in the market, with 1,876 stocks rising and 114 remaining unchanged [4] - The limit-up performance showed a 71% sealing rate, indicating a strong interest in certain stocks despite the overall market decline [7]

金十数据7月31日讯，A股三大股指早盘分化，沪指、深证成指探底跌逾1%，创业板指水上震荡，一度 涨逾1%。截至中午收盘，沪指跌0.68%，深证成指跌0.45%，创业板指涨0.43%；沪深两市半日成交额 超1.1万亿，超3200只个股下挫。盘面上，辅助生殖、AI硬件板块走强，创新药板块延续强势；小金 属、煤炭、钢铁等周期股表现疲软领跌大盘，影视院线板块结束连涨开启回调。 A股午评：三大股指走势分化创业板指收涨0.43% AI硬件板块领涨大盘 ...

Core Viewpoint - The market experienced fluctuations with the Shanghai Composite Index declining by 0.68%, while AI hardware and innovative pharmaceutical stocks saw significant gains [1] Market Performance - The Shanghai Composite Index fell by 0.68% and the Shenzhen Component Index decreased by 0.45%, whereas the ChiNext Index rose by 0.43% [1] - The total trading volume in the Shanghai and Shenzhen markets reached 1.14 trillion yuan, an increase of 56.2 billion yuan compared to the previous trading day [1] Sector Performance - AI hardware stocks surged again, with companies like Zhongji Xuchuang reaching new historical highs [1] - AI application stocks also strengthened, exemplified by Yidian Tianxia hitting the daily limit of a 20% increase [1] - Innovative pharmaceutical stocks remained active, with companies such as Kangyuan Pharmaceutical achieving daily limit gains [1] - Conversely, cyclical stocks in sectors like steel and coal underwent collective adjustments, with Anyang Steel dropping over 5% [1] - The top-performing sectors included AI, liquid cooling servers, CPO, and innovative pharmaceuticals, while sectors like steel, coal, oil and gas, and non-ferrous metals faced declines [1]

AI硬件股开盘集体走强，中际旭创、新易盛、东山精密、胜宏科技、沪电股份均再创历史新高，联特 科技、天孚通信、太辰光等跟涨。 ...

Market Overview - The A-share market exhibited a strong oscillation pattern, with the Shanghai Composite Index surpassing the 3600-point mark, closing at 3609.71 points, up 0.33% [2] - The total trading volume in the Shanghai and Shenzhen markets reached 180.32 billion yuan, an increase of over 60 billion yuan compared to the previous day [2] Pharmaceutical Sector Performance - The pharmaceutical and biotechnology sector led the market, with the Shenwan Pharmaceutical and Biotechnology Index closing up 2.06%, driven by significant gains in innovative drugs and CROs [3] - Notable stocks such as Ruizhi Pharmaceutical, Aoxiang Pharmaceutical, and Jiuzhou Pharmaceutical hit the daily limit, while leading innovative drug company Heng Rui Pharmaceutical rose nearly 3% after a previous limit-up [3] - Heng Rui Pharmaceutical announced a collaboration with GSK, granting exclusive rights for the HRS-9821 project and up to 11 additional projects, with a potential total transaction value of approximately 12 billion USD [3] - WuXi AppTec reported a net profit of 8.561 billion yuan for the first half of the year, a year-on-year increase of 101.92%, and plans to distribute a cash dividend of 3.5 yuan per 10 shares [3] AI Hardware Sector Dynamics - The AI computing hardware sector showed strong momentum, with the PCB concept experiencing a surge, and the CPO concept seeing multiple stocks reach new highs [5] - CPO leader Zhongji Xuchuang rose by 9.41%, achieving a historical high, with a year-to-date increase of approximately 70% [5] - According to Guojin Securities, CPO technology significantly reduces power consumption by 30% to 50% while enhancing data transmission speed and bandwidth density, which is crucial for supporting large model iterations [5] Market Sentiment and Future Outlook - The A-share market is expected to continue its upward trend, driven by favorable funding conditions and policy expectations [6] - Recent data indicates an increase in public and retail investor participation, with the balance of margin trading nearing 2 trillion yuan, reflecting a strong willingness to enter the market [6] - Guotai Junan Securities anticipates that the funding environment will support further market growth, particularly in large financial assets [7]

Listing Dynamics - Pinduoduo is reportedly seeking a secondary listing in Hong Kong, having engaged Ernst & Young for the review of its financial statements, which is a common step for companies planning to list in Hong Kong [3] - This move aligns with previous strategies employed by Alibaba and JD.com before their Hong Kong listings, indicating a substantial preparatory step despite Pinduoduo's official denial of such plans [3] Brand Dynamics - Pernod Ricard has agreed to sell its Imperial Blue business to Indian liquor manufacturer Tilaknagar for €412.6 million, focusing on streamlining its operations and concentrating on more profitable brands [5] - Alibaba is set to launch its first self-developed AI glasses, which will feature advanced hardware specifications and will be part of its A1toC strategy [7] - The beauty brand Kose has opened its first overseas store in Singapore, showcasing popular products and introducing new shades tailored for local consumers [12] Personnel Dynamics - Santa Maria Novella appointed Ludivine Pont as CEO, who has extensive experience in luxury brand marketing, aiming to enhance the brand's visibility [15] - L'Oreal's Indian subsidiary has restructured its management, promoting Aseem Kaushik to president, reflecting the company's ambition in the dynamic Indian beauty market [18] - Coty announced several personnel changes, including the appointment of Beatrice Ballini as lead independent director, amidst a strategic restructuring [20] - Yves Rocher appointed Philippe Duchossois as CEO for the Asia region, leveraging his extensive experience to drive growth [22] - Magnum has established a new legal leadership team, which is expected to accelerate its independent listing timeline [25][26]

Group 1 - AI hardware stocks, including CPO and high-speed copper cable companies, experienced a rebound at the beginning of trading, with significant gains observed [1] - Significant stock price increases were noted for companies such as Jingying Technology (301067) rising over 10% and Zhongfu Circuit (300814) increasing over 6% [1] - Other companies like Weirgao (301251), Jingwang Electronics (603228), and Shijia Photon also saw upward movements in their stock prices [1]