证券研究报告：食品饮料 | 公司点评报告 发布时间：2025-07-03 股票投资评级 公司基本情况 | 最新收盘价（元） | 26.92 | | --- | --- | | 总股本/流通股本（亿股）4.01 / 2.80 | | | 总市值/流通市值（亿元）108 / 75 | | | 52 周内最高/最低价 | 40.32 / 15.86 | | 资产负债率(%) | 58.1% | | 市盈率 | 26.39 | | 第一大股东 | 章燎源 | 研究所 分析师:蔡雪昱 SAC 登记编号:S1340522070001 Email:caixueyu@cnpsec.com 分析师:杨逸文 SAC 登记编号:S1340522120002 Email:yangyiwen@cnpsec.com 三只松鼠(300783) 多品类协同+全渠道共振，业态布局全面开花 ⚫ 投资要点 产品维度多品类矩阵持续深化，坚果百亿目标路径清晰，入局软 饮赛道目标破亿。坚果作为第一大品类，公司仍将持续深耕品类空间， 优化坚果礼盒产品线，推出高端子系列"大满坚果"，主攻一二线城市 及高端渠道，强化差异化竞争力。瓜子品类爆发力凸显，网红口味 ...

Core Insights - Five stocks have been added to the Zacks Rank 1 (Strong Buy) List, indicating strong potential for investment returns Group 1: Company Earnings Estimates - Cronos Group Inc. (CRON) has seen its earnings estimate for the current year increase by 100% over the last 60 days [1] - Coeur Mining, Inc. (CDE) has experienced a 33.3% increase in its current year earnings estimate over the last 60 days [1] - South32 Limited (SOUHY) has had its next year earnings estimate rise by 6% in the past 60 days [2] - Perimeter Solutions, Inc. (PRM) has seen a significant increase of 67.7% in its current year earnings estimate over the last 60 days [2] - Scorpio Tankers Inc. (STNG) has experienced a 6.4% increase in its current year earnings estimate over the last 60 days [3]

公司发布6 月产销快报，6 月汽车销量为11.1 万辆，同比+12.9%，环比+8.3%；2025 年Q2 汽车销量为 31.3 万辆，同比+10.1%，环比+21.9%；2025 年H1 汽车销量为57.0 万辆，同比+1.8%。 新能源销售保持高增长，2025Q2 海外销售回升明显6 月公司新能源汽车销量为3.6 万辆，同比+39.4%， 环比+11.5%；1-6 月累计销量为16.0 万辆，同比+21.2%。2025 年H1 新能源汽车销量占比为28.2%，同 比+4.5pct，电动化进一步向上。出海方面，6 月海外销量为4.0 万辆，同比+5.2%，环比+16.0%，1-6 月 海外累计销量为19.8 万辆，同比-1.9%。2025 年Q2 公司海外销量为10.7万辆，同比-1.8%，环比 +17.5%，环比回升明显。我们预计公司巴西工厂将于2025年H2 投产，投产后初期将生产3 款车型，产 能5 万辆，后续产能将逐步提高至10万辆，通过海外建厂实现销售，一方面提升公司销量，另一方面也 降低了公司受到关税等不利因素的影响。 投资建议 我们预计公司2025-2027 年营收分别为2427/2812/3 ...

CHANTILLY, Va., July 03, 2025 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) will release second quarter 2025 financial results before the markets open on Wednesday, August 6, 2025. The company will host a conference call at 8:00 a.m. Eastern Time that day to discuss its earnings results and strategic corporate initiatives. Access to a webcast of the live conference call can be obtained through the Investor Relations section of the company's website (https://investors.parsons.com). Those parties intere ...

证券代码：002916 证券简称：深南电路 深南电路股份有限公司投资者关系活动记录表 编号：2025-26 公司 PCB 业务在深圳、无锡、南通及泰国（工厂在建）均设有工厂。一方面，公司通过 对现有成熟 PCB 工厂进行技术改造和升级，打开瓶颈，提升产能；另一方面，公司有序推 进南通四期项目建设，构建 HDI 工艺技术平台和产能，目前正在推进项目基础工程建设。公 司将结合自身经营规划与市场需求情况，合理配置业务产能。 Q5、请介绍公司泰国工厂投资规模及业务定位。 公司在泰国工厂总投资额为 12.74 亿元人民币/等值外币。目前基础工程建设按期有序推 进中，具体投产时间将根据后续建设进度、市场情况等因素确定。泰国工厂将具备高多层、 HDI 等 PCB 工艺技术能力，其建设有利于公司进一步开拓海外市场，满足国际客户需求， 完善产品在全球市场的供应能力。 Q6、请介绍公司 2025 年第一季度封装基板业务经营拓展情况。 公司封装基板产品覆盖种类广泛多样，包括模组类封装基板、存储类封装基板、应用处 理器芯片封装基板等，主要应用于移动智能终端、服务器/存储等领域。具备了包括 WB、FC 封装形式全覆盖的封装基板技术能力 ...

Group 1 - Ultraman, a popular IP, opened its first official online flagship store on Tmall International on July 2, featuring 55 overseas popular products including figurines, cards, and clothing [1] - The flagship store is the only direct online store operated by Tsuburaya Productions, the company that holds the Ultraman IP rights, and is a significant step in expanding its e-commerce market [1] - Tsuburaya Productions plans to launch approximately 500 new products on Tmall International over the next three years, starting with a pre-sale of the "Shining Diga" figurine on July 10 [1] Group 2 - July 10 is designated as "Ultraman Day" to commemorate the debut of the original Ultraman, with the flagship store offering a special edition figurine of "Shining Diga" [4] - The figurine will stand approximately 25cm tall and feature light-up eyes and a color timer, enhancing its collectible value [4] - Tmall International aims to synchronize the latest figurine pre-order services with the Japanese market, providing consumers direct access to new and popular Ultraman merchandise without the need for purchasing through intermediaries [4] Group 3 - Tmall International has become a preferred platform for overseas brands entering the Chinese market, with 487 overseas brands opening their first stores in China in the first quarter of this year [4] - The platform hosts over 40,000 brands from more than 90 countries and regions, offering a diverse range of imported products to Chinese consumers [4]

Group 1 - Tesla's energy storage business, once a strong growth area, has experienced a decline in installation for two consecutive quarters, with total installations dropping to 9.6 GWh in Q2, down 0.8 GWh from Q1 and below the peak of 11 GWh in Q4 of the previous year [1] - Revenue from Tesla's energy storage and solar business has significantly increased from $2 billion in 2020 to $10.1 billion last year, indicating rapid growth prior to the recent downturn [1] - The overall performance of Tesla is now facing new challenges due to the slowdown in battery storage deployment, which raises concerns about the company's future growth prospects [1] Group 2 - The global energy storage market saw a record high in new installations in Q1, with a year-on-year increase of 57%, but analysts warn that this growth may not be sustainable due to two main challenges: tariff pressures and policy support uncertainties [3] - Tariff barriers imposed by the U.S. on imported batteries and components could impact the economic viability of storage projects [3] - Uncertainties surrounding policy support, particularly the potential repeal of key provisions in the Inflation Reduction Act, may hinder the growth of the energy storage sector [3][4]

据介绍，胶州市中云街道街道是率先投入使用智能回收机的区域。下午2点，居民吴女士拎着家里废弃的塑料瓶和快递包装盒下来到小区的"爱回收"智能回 收机前。手机微信扫码之后，回收机仓门自动开启，投入可回收物，智能系统自动称出重量。对于这种回收模式，吴女士十分满意，她说，"这个机器全天 都可以投递，各种类的可回收物可以放在一起投，自动称重也很方便。""爱回收"胶州市拓展经理温鑫告诉记者，"目前，在胶州市我们所有可回收物扫码投 递的回收价格为0.6元/公斤，投递满1元就能提现到微信零钱。" 近日，青岛胶州市首批智能回收机在中云街道融城响堂小区投入运营，居民可以自行投递生活垃圾中的可回收物，并根据投递重量获得一定金额奖励。这批 智能回收机使用情况怎样？"互联网+回收"效果如何？ 据了解，居民投递的可回收物被清运到末端集散场后，将按照不同品类精细分拣，之后进入相应的回收再生产工厂进行再生处理，最终"变废为宝"。"以我 们回收的塑料瓶为例，经过再生处理后，可以做成雨伞、T恤衫、手提袋等各种物品。"王宪忠介绍，"通过把可回收物从生活垃圾里分离出来，可以实现1/3 以上的垃圾减量，让这些再生资源免于和其他垃圾一起被焚烧填埋，让它们 ...

Group 1 - Guangxin Technology (920037) experienced a significant increase of 13.12% in stock price, with a trading volume turnover rate of 30.09% and a total transaction amount of 657 million yuan, indicating high market activity [2] - The stock was listed on the North Exchange's watchlist due to its turnover rate reaching 30.09%, with a net selling amount of 25.95 million yuan from brokerage seats [2] - The top five brokerage seats accounted for a total transaction amount of 131 million yuan, with a buying amount of 52.68 million yuan and a selling amount of 78.63 million yuan, resulting in a net selling of 25.95 million yuan [2] Group 2 - The largest buying brokerage was Dongfang Caifu Securities, which purchased 9.12 million yuan, while the largest selling brokerage was Wanhua Securities, which sold 17.30 million yuan [2] - Detailed trading data shows the top five buying and selling brokerages, with significant amounts traded by various firms, indicating active participation in the stock [2] - The trading activity on July 3 reflects a mixed sentiment among investors, with notable buying and selling pressures observed [2]

证券时报·数据宝统计显示，上榜的前五大买卖营业部合计成交851.73万元，其中，买入成交额为505.34 万元，卖出成交额为346.39万元，合计净买入158.96万元。 具体来看，今日上榜营业部中，第一大买入营业部为广发证券股份有限公司韶关曲江证券营业部，买入 金额为144.37万元，第一大卖出营业部为华西证券股份有限公司石家庄自强路证券营业部，卖出金额为 134.20万元。 工智退今日涨停，全天换手率6.06%，成交额1133.24万元，振幅8.70%。龙虎榜数据显示，营业部席位 合计净买入158.96万元。 深交所公开信息显示，当日该股因退市整理上榜，营业部席位合计净买入158.96万元。 工智退7月3日交易公开信息 | 买/ 卖 | 会员营业部名称 | 买入金额（万元） | 卖出金额（万元） | | --- | --- | --- | --- | | 买一 | 广发证券股份有限公司韶关曲江证券营业部 | 144.37 | 0.00 | | 买二 | 华泰证券股份有限公司青岛香港西路证券营业部 | 130.63 | 0.00 | | 买三 | 中国中金财富证券有限公司广州科学大道证券营业部 | 120. ...