中国基金报记者 李智 一起来看下最新的市场情况及资讯。 7月15日早盘，A股三大指数涨跌不一，创业板指一度涨逾2%。截至发稿，沪指跳水，跌0.86%；深成指跌0.03%，创业板指涨 0.98%。 【导读】沪指跳水，CPO板块集体大涨，房地产板块震荡下挫 板块上看，CPO板块集体大涨，通信设备、汽车、AI算力等板块表现活跃；而房地产板块震荡下挫，纺织服装、电力、零售等板块跌幅 居前。 | | | Wind热门概念指数 | | | | | Wind中国行业指数 | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 光模块(CPO) 6.66% | 光通信 3.63% | 光芯片 3.66% | 电路板 2.42% | 英伟达产业链 1.68% | 通信设备 3.18% | 电子元醫件 1.48% | 摩托车 1.00% | 电脑硬件 1.01% | 汽车 0.96% | | AI算力 1.53% | 东数西算 1.46% | IDC(算力租赁) 1.25% | 无线充电 1.01% | 服务器 0.70% | 互联网 0.37% ...

Group 1 - The core viewpoint of the article indicates a significant increase in Hong Kong's property market activity expected around March-April 2025, with a slight rise in the property price index observed in April-May 2025, leading banks to adopt a more positive stance on mortgage business [1] - The property price index from Midland Realty hit a low of 126.3 points in March and slightly rebounded to 127.5 points by the last week reported [1] - Factors contributing to the rebound in property prices include a "super rebound" from previous rapid declines, optimistic expectations regarding economic recovery, and a decrease in mortgage interest rates encouraging buyers to enter the market [1] Group 2 - Recent market activity shows that small and medium-sized unit buyers, along with first-time buyers, dominate the market, with popular unit prices ranging from 6 million to 7 million HKD, while units priced over 10 million HKD are experiencing lower liquidity [2] - The Hong Kong government's changes to the stamp duty policy, raising the threshold from 3 million HKD to 4 million HKD, have significantly impacted transaction volumes, with over 1,000 registrations for second-hand residential properties priced between 3 million and 4 million HKD in April, marking a new high since November 2016 [2] - The talent recruitment initiatives by the Hong Kong government have led to a reversal in the declining trend of the labor population since 2020, with 196,000 individuals arriving in Hong Kong as part of these measures [2] Group 3 - The company expresses a cautiously optimistic outlook for Hong Kong's property prices, predicting 45,000 new residential mortgage applications in 2025, ending a three-year decline since 2021, with existing home mortgages expected to rise by 10% to 55,500 applications [3] - The forecast for pre-sale mortgages is set at 6,500, representing a 55% increase compared to 2024, potentially reaching a five-year high [3] - However, uncertainties in geopolitical conditions and a high supply of new units, with approximately 24,000 units expected to be completed this year and nearly 100,000 over the next four years, may influence future price trends [3]

第二，市场价格降幅整体收窄，部分城市有所上涨。今天我们同时发布6月的70个大中城市房价数据， 从这些价格数据来看，一二三线城市新建商品住宅销售价格虽然有所波动，但同比降幅都比去年同期在 收窄。数据显示，一线、二线、三线城市新建商品住宅销售价格同比降幅分别比上月收窄0.3、0.5和0.3 个百分点。 7月15日，国新办就2025年上半年国民经济运行情况举行新闻发布会。 会上，国家统计局副局长盛来运表示，今年以来，各地区各部门按照党中央促进房地产止跌回稳的决策 部署和要求，"因城施策"出台相关措施推动房地产止跌回稳。从统计数据来看，相关政策措施成效明 显，上半年房地产虽然有所波动，但总体上还朝着止跌回稳的方向迈进。从政策效果看，主要表现在三 个方面： 第一，市场交易量有所改善，商品房销售降幅同比收窄。上半年，全国新建商品房销售面积同比下降 3.5%，比去年同期收窄15.5个百分点，比去年全年收窄9.4个百分点；商品房销售金额下降5.5%，比去 年同期收窄的幅度更大，收窄了19.5个百分点，比去年全年收窄11.6个百分点。商品房交易还是比较活 跃的，尤其是二手房的交易量比去年同期是增长的。 第三，房地产市场资金来源 ...

（一）业绩预告期间 2025年1月1日至2025年6月30日。 （二）业绩预告情况 经公司财务部门初步测算，预计2025年半年度实现归属于母公司所有者的净利润约为人民币-65,000.00 万元，与上年同期相比，将继续出现亏损。 本公司董事会及全体董事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个别及连带责任。 重要内容提示： ● 本业绩预告适用于净利润为负值。 ● 上海实业发展股份有限公司（以下简称"公司"）预计2025年半年度实现归属于母公司所有者的净利润 约为人民币-65,000.00万元，归属于母公司所有者的扣除非经常性损益的净利润约为人民币-68,000.00万 元。 一、本期业绩预告情况 预计2025年半年度实现归属于母公司所有者的扣除非经常性损益后的净利润约为人民币-68,000.00万 元。 （三）本次业绩预告未经注册会计师审计。 二、上年同期（2024年半年度）经营业绩和财务状况 （一）利润总额：-14,658.91万元；归属于母公司所有者的净利润：-17,659.65万元。归属于母公司所有 者的扣除非经常性损益的净利润：-22,313. ...

本公司董事会及全体董事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： ● 本期业绩预告适用情形：实现盈利，净利润与上年同期相比下降50%以上。 二、2024年半年度业绩情况 公司2024年半年度实现归属于母公司所有者的净利润为741,987.53万元，归属于母公司所有者的扣除非 经常性损益的净利润为722,973.63万元。每股收益为0.62元。 三、2025年半年度主要财务数据和指标情况 ● 经财务部门初步测算，保利发展控股集团股份有限公司（以下简称"公司"）预计2025年半年度实现归 属于母公司所有者的净利润273,453.06万元，与上年同期相比，将减少468,534.46万元，同比减少 63.15%； 预计2025年半年度实现归属于母公司所有者的扣除非经常性损益的净利润259,886.51万元，与上年同期 相比，将减少463,087.12万元，同比减少64.05%。 ● 本公告所载2025年半年度主要财务数据为初步核算数据，未经会计师事务所审计，具体数据以公司 2025年半年度报告中披露数据为准，提请投资者注意投资风险。 一 ...

上年同期，金地集团利润总额-46.58亿元，归母净利润-33.61亿元，扣非后的归母净利润-26.95亿元。 金地集团解释本期业绩预亏的主要原因，公司近年销售规模下降，本期可结转面积较上期减少，营业收 入较上期下滑。同时，公司根据市场情况动态调整经营及销售策略，加大去化力度，使得部分项目存货 可变现净值低于成本，公司基于谨慎性原则计提了资产减值准备。 现阶段，金地集团希望获取更多的现金流，以恢复经营。7月10日，智通财经获悉，投资人同意"中金- 金地广场一期资产支持专项计划"（CMBS）取消2025年度开放退出安排，投资人还同意发行人利用担 保资产发行经营性物业贷以提前偿还该笔债务。 7月14日，金地集团（600383.SH）发布公告，经财务部门初步测算，预计2025年半年度归母净利润-34 亿元到-42亿元。预计2025年半年度实现扣非后的归母净利润-32亿元到-40亿元。 该产品是金地集团旗下金地商置（00535.HK）于2022年发行的，余额16.5亿元，利率4.8%，最近的行 权日为今年7月25日，到期日为2040年5月20日。 据智通财经了解，为去库存，金地集团还在推进包括土地收储、土地置换等资产盘 ...

7月14日，长沙市住建局等12部门联合印发《关于进一步优化房地产发展措施的通知》（以下简称《通知》）， 该《通知》是在全面落实《湖南省促进房地产市场平稳健康发展若干措施》的基础上，重点围绕购房补贴政策 优化、多子女家庭购房支持、存量土地盘活等十个方面推出举措，以进一步激发市场活力，推动长沙房地产市 场平稳健康发展。 鼓励"以旧换新"，加大对多子女家庭购房支持 《通知》明确实施"以旧换新"购房补贴政策。根据规定，长沙市家庭或个人在2025年7月14日起至2026年7月13 日期间出售自有住房，并在一年内购买新建商品住房的，可按新房总价1%申领购房补贴，单套最高3万元。该 政策采取先缴后补的方式，将有效推动新房与二手房市场良性互动，助力改善居民居住品质。 新建商品住房以网签时间为准，出售原有商品住房以完成网签合同备案且取得不动产权属证书上登记时间为 准。出售原有商品住房和购买新建商品住房的时间均须在政策执行期内。 针对多子女家庭，《通知》出台了专项支持政策。生育二孩及以上且子女未成年的家庭购买新建商品住房时， 在拟购住房所在区县（市）已有住房的，套数认定核减一套，按核减后的套数认定标准执行住房信贷政策。 如：原已 ...

Sales Performance - In the first half of 2025, the total sales amount of the top 30 real estate companies in Chengdu reached 99.82 billion yuan, with China Resources Land, China Railway Construction, and Poly Developments leading the sales at 7.66 billion yuan, 7.39 billion yuan, and 7.34 billion yuan respectively [10] - The total sales area for the top 30 companies was 4.337 million square meters, with Poly Developments, China Resources Land, and China Railway Construction achieving sales areas of 343,000 square meters, 329,000 square meters, and 314,000 square meters respectively [10] Market Trends - The new housing market in Chengdu saw a total of 5,982 new homes sold in June, representing a year-on-year decrease of 13.7% but a month-on-month increase of 2.1% [10] - The new residential price index in Chengdu increased by 0.1 percentage points in May, marking the seventh consecutive month of price increases since November 2024 [10] Policy and Development - On June 6, the Chengdu Housing and Urban-Rural Development Bureau issued the "Good House" construction action plan, which includes 18 key tasks aimed at improving residents' living quality and happiness [10] - Upcoming projects such as Jianfa Zhaoshang Yuanqi Jinsha and Green City Run Baihe are expected to bring renewed activity to the Chengdu new housing market in July [10] Secondary Market - In June, the secondary housing market in Chengdu recorded 19,214 transactions, showing a year-on-year increase of 14.4% and remaining stable month-on-month [11] Land Market - The land market in Chengdu is experiencing record-breaking floor prices, with the Jinniu District's land price exceeding 20,000 yuan per square meter for the first time [11]

地产股持续调整 绿地控股逼近跌停 智通财经7月15日电，地产股再度走低，绿地控股逼近跌停，渝开发、信达地产、南山控股、光大嘉 宝、财信发展跌超5%，南都物业、电子城、荣盛发展等跟跌。 ...

Monetary Policy and Economic Indicators - The People's Bank of China will conduct a buyout reverse repurchase operation of 1.4 trillion yuan on July 15, 2025 [1] - As of the end of June, M2 (broad money) increased by 8.3% year-on-year, reaching 330.29 trillion yuan, while M1 (narrow money) grew by 4.6% to 113.95 trillion yuan [2] - The cash in circulation (M0) reached 13.18 trillion yuan, with a year-on-year growth of 12% [2] Green Finance Initiatives - The People's Bank of China, along with financial regulatory authorities, issued the "Green Finance Support Project Directory (2025 Edition)" to enhance liquidity in the green finance market and improve asset management efficiency [2] Corporate Earnings Forecasts - Vanke A expects a net loss of 10 billion to 12 billion yuan for the first half of 2025, with a basic loss per share of 0.8433 to 1.01 yuan [4] - Yonghui Supermarket anticipates a net loss of 240 million yuan for the first half of 2025, impacted by the closure of 227 underperforming stores [5] - Longi Green Energy forecasts a net loss of 2.4 billion to 2.8 billion yuan, although it expects to reduce losses compared to the previous year [6] - Hengsheng Electronics projects a net profit of approximately 251 million yuan, a 741% increase year-on-year [7] - Wintime Technology expects a net profit of 390 million to 585 million yuan, representing a growth of 178% to 317% [8] - ST Huatuo anticipates a net profit of 2.4 billion to 3 billion yuan, a year-on-year increase of 107.2% to 159% [9] - Tianqi Lithium expects a net profit of 0 to 1.55 billion yuan, recovering from a loss of 5.206 billion yuan in the previous year [10] - Ganfeng Lithium forecasts a net loss of 300 million to 550 million yuan, compared to a loss of 760 million yuan in the same period last year [11] - Liyi Intelligent Manufacturing expects a net profit of 900 million to 1.14 billion yuan, a growth of 31.57% to 66.66% [12] - CICC anticipates a net profit of 3.453 billion to 3.966 billion yuan, a year-on-year increase of 55% to 78% [13] - Shenwan Hongyuan projects a net profit of 4.1 billion to 4.5 billion yuan, a growth of 92.66% to 111.46% [14] - Shandong Gold expects a net profit of 2.55 billion to 3.05 billion yuan, an increase of 84.3% to 120.5% year-on-year [15] - Huahong Technology anticipates a net profit of 70 million to 85 million yuan, a significant increase from 2.224 million yuan in the previous year [16] Corporate Actions and Legal Matters - Suzhou Planning intends to acquire 100% of Beijing Dongjin Aviation Technology Co., Ltd., with stock resuming trading on July 15, 2025 [17] - BOE Technology Group plans to appeal the preliminary ruling from the US International Trade Commission regarding trade secrets and has initiated a patent lawsuit against Samsung Display [18]