8月1日，沪深两市成交额合计1.6万亿元，较上一交易日缩量约3376.85亿元。其中，沪市成交额6846.45 亿元，深市成交额9137.05亿元。中际旭创成交额居首，为101.52亿元。其后是北方稀土、新易盛、药明 康德、工业富联，成交额分别为94.28亿元、93.67亿元、83.98亿元、72.94亿元。 ...

格隆汇8月1日丨领益智造(002600.SZ)在互动平台表示，近期公司与行业龙头客户在光模块散热、服务 器散热及电源、人形机器人零部件及组装等方向加大合作力度。 ...

最近，美方陆续宣布与一些国家达成了贸易协议。玉渊谭天分析认为，这些协议中有诸多"不平等"的要 求：1.通过不公平税率和"转口"限制、"供应链安全"等附加条件干预别国产业结构和供应链路径，限制 别国发展。 2.通过不合理拓展美国农产品和能源出口，抢占别国市场。 3.通过投资与采购的政治经济捆 绑等逼迫别国接受不平等条款，制约别国未来。 美国的这些国际贸易协议是"不平等条约"，是"新经济 殖民主义"。对此，我们有清醒认知。 01 不公平的发展权益 谭主运用大数据释义手段对协议或声明的 各国版本进行分析,发现美方发布的声明 几乎有一个共同的特点:强调"赢了"和"拿 到了什么"。 几乎每一份在开头就直接说明,这些协议 是美国政府在强硬施压下谈下来的。 他们不说"取消关税",而是写"根据协议, 某国将适用特定税率"。 这种表达,其实是把豁免包装成一种"奖 赏"-- 意思是:你得先接受规则,做出让 步,才能得到美国的"开恩"。对他国来 说,就变成了一道"二选一"的选择题:要 么按美国要求,要么就接受高额关税。 这个逻辑,几乎贯穿了所有协议文本。 美日贸易"协议"文本对比 其他国家文本采取的都是正式、程序化、 合作性的外交 ...

Group 1 - The company is exploring new opportunities in the cooling products sector, particularly in GPU, CPU, optical modules, and servers [2] - The company has successfully shipped cooling modules in bulk to international clients such as AMD and has developed a comprehensive range of cooling solutions including CDU, liquid cooling modules, liquid cooling plates, air cooling modules, heat pipes, uniform heat plates, and graphite sheets [2] - The related business operations are progressing smoothly [2]

Core Viewpoint - TCL Technology is significantly increasing production capacity in India and expanding operations in Vietnam to enhance its service offerings in the IT product sector [1] Group 1 - The factory in India commenced mass production in 2022, with expectations for a substantial increase in output in 2023 [1] - A module factory is under construction in Vietnam, primarily aimed at servicing IT products, with mass production anticipated to start in September [1]

Core Viewpoint - Industrial Fulian (601138.SH) experienced a significant increase in stock price, closing at 34.61 yuan with a rise of 6.04% on July 31 [1]. Trading Activity - The stock has shown a cumulative price deviation of 20% over three consecutive trading days, attracting substantial institutional interest [1]. - The net buying amount by institutional seats over the three days reached 149,835.77 million yuan [1][2]. Institutional Participation - The top five buyers included two institutional special seats, indicating strong institutional support for the stock [1]. - The largest buying entity was the Shanghai Stock Connect special seat, accounting for 39.89% of the total transactions, with a buying amount of 167,474.92 million yuan [3]. - Other notable institutional buyers included two separate institutional special seats, with buying amounts of 104,523.06 million yuan and 45,312.71 million yuan respectively [3].

根据披露的机构调研信息2025年7月16日至2025年7月17日，淳厚基金对上市公司鹏鼎控股进行了调研。 淳厚时代优选混合A（基金代码：014235）是淳厚基金旗下的一只混合型基金，成立于2022年1月27 日。现任基金经理陈印自2025年7月12日起任职，总管理规模达0.16亿元。该基金通过挖掘、筛选并投 资符合时代背景的具备可持续竞争优势的公司，实现基金资产的长期稳定增值。截至2025年7月30日， 淳厚时代优选混合A近一年回报达21.87%，跑赢基金比较基准增长率（21.68%）。从风控能力来看，截 至2025年7月30日，近三年基金最大回撤为39.43%。从持有人结构来看，根据2024年年度报告数据，该 基金的机构持有人比例达13.28%。 附调研内容：公司在 AI 服务器领域扩产地区规划？公司高度重视 AI 服务器领域的发展前景，目前在 大陆淮安园区和泰国园区具备相关产能。公司积极关注全球 AI服务器市场的发展动态，并将根据市场 需求和公司战略及时调整投资扩产计划。目前公司 AI 服务器产线客户认证情况？公司持续与服务器终 端客户展开积极合作，目前主流客户也在加快推进相关工作。同时，泰国园区第一期项 ...

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].

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]