本文首发于公众号"私募排排网"。 （点击↑↑ 上图查看详情 ） 在经历了数月的箱体区间震荡之后，近期，上证指数再次来到箱体区间上沿附近，同时成交量也较往日有所放大。在反复震荡数月之后，投资者 对于指数向上突破期待已久。 那么， 7月份的A股市场行情是否值得期待呢？具体又有哪些板块和个股或有表现的机会呢？ 我们不妨参考下券商的观点和券商金股数据。 （券商金股是各家券商每月精挑细选出来的股票，是各家券商分析师的研究精华，颇受市场的关注。） （ 点此查看券商金股完整名单 ） 0 1 电子、电力设备关注度明显上升！ 展望7月的A股市场， 招商证券 表示， 市场可能会呈现指数突破上行，科技非银等进攻性板块占优的格局 。从基本面的角度来看，财政指数的 发力和消费的韧性，使得科技、消费、中游制造领域均存在业绩边际改善的可能，半年报披露窗口期成为A股有利的上行动力。 东吴证券 表示 ，市场整体进入多头思维，向后看年内沪指有较大可能性突破去年高点，但当 下指数处于3440-3500的筹码密集区，进一步突破 或需以时间换空间， 短期走势大概率偏震荡，以结构性行情为主 。本轮指数突破中，金融是上行突破的助推器，金融股带动指数搭台后 ...

农产品日报 | 2025-07-03 养殖端缩量挺价，猪价偏强震荡 生猪观点 市场要闻与重要数据 期货方面，昨日收盘生猪 2509合约14340元/吨，较前交易日变动+475.00元/吨，幅度+3.43%。现货方面，河南地 区外三元生猪价格15.34元/公斤，较前交易日变动+0.19元/公斤，现货基差 LH09+1000，较前交易日变动-285；江 苏地区外三元生猪价格 15.54元/公斤，较前交易日变动+0.16元/公斤，现货基差LH09+1200，较前交易日变动-315； 四川地区外三元生猪价格14.68元/公斤，较前交易日变动+0.23元/公斤，现货基差LH09+340，较前交易日变动-245。 据农业农村部监测，7月2日"农产品批发价格200指数"为112.38，比昨天下降0.01个点，"菜篮子"产品批发价格指数 为112.37，与昨天持平。全国农产品批发市场猪肉平均价格为20.54元/公斤，比昨天上升1.7%；牛肉63.64元/公斤， 比昨天上升0.3%；羊肉59.73元/公斤，比昨天上升0.8%；鸡蛋7.10元/公斤，比昨天下降0.8%；白条鸡17.10元/公斤， 比昨天下降0.1%。 市场分析 ...

Core Insights - Shanxi Yunzhou Rural Commercial Bank is actively integrating into rural characteristic industry development and exploring new financial support paths for rural revitalization, significantly increasing financial resources in key rural areas and innovating financial products to meet diverse financial needs [1][4] Group 1: Agricultural Support Initiatives - The bank has launched the "Huanghua Loan" product to support the Huanghua industry, providing preferential interest rates and simplifying loan processes, resulting in a total issuance of 1.231 billion yuan [1][2] - The bank's support has enabled the establishment of an integrated operation model involving bases, farmers, and companies, signing contracts with 21,000 farmers and facilitating the cultivation of Huanghua for 6,000 households [2] - The bank has issued 1.369 billion yuan in agricultural loans to support greenhouse economies, helping farmers like Zhang Min build greenhouses and significantly increase their income [3] Group 2: Livestock and Greenhouse Financing - The "Breeding Loan" product was introduced to support livestock farming, addressing challenges such as high feed costs and difficulties in selling livestock, while also facilitating connections between suppliers and buyers [2][4] - The bank has provided over 122 million yuan in "Breeding Loans," assisting more than 200 livestock farmers and several breeding enterprises in increasing their income [4] - The bank has established a proactive financial service mechanism by collaborating with agricultural departments and maintaining regular contact with local governments to understand industry needs and streamline loan approval processes [4]

证券研究报告 2025 年 7 月 3 日 星期四 【A 股市场大势研判】 市场窄幅震荡，沪指微跌 市场表现： | 指数名称 | 收盘点位 | 涨跌幅 | 涨跌 | 上证指数分时图 | | --- | --- | --- | --- | --- | | 上证指数 | 3454.79 | -0.09% | -2.96 | | | 深证成指 | 10412.63 | -0.61% | -63.67 | | | 沪深 300 | 3943.68 | 0.02% | 0.92 | | | 创业板 | 2123.72 | -1.13% | -24.20 | | | 科创 50 | 982.64 | -1.22% | -12.16 | | | 北证 50 | 1439.15 | -1.23% | -17.92 | | 资料来源：东莞证券研究所，iFinD 数据 板块排名： | 申万行业表现前五 | | | 申万行业表现后五 | 概 | 念板块表现前五 | 概念板块表现后五 | | | --- | --- | --- | --- | --- | --- | --- | --- | | 钢铁 | 3.37% | 电子 | ...

Group 1: Brokerage Performance - In the first half of the year, 27 out of 34 brokerage firms' stock selection portfolios reported positive returns, accounting for nearly 80% [2][4] - Huaxin Securities and Dongxing Securities led with returns exceeding 30%, at 35.59% and 34.72% respectively [3][4] - The top-performing stocks in June included Giant Network, which saw a monthly increase of 63.09%, and Shenghong Technology, with gains over 50% [4][5] Group 2: Fund Performance - Active equity funds achieved an average return of 6.78% in the first half of the year, with over 80% reporting positive returns [9][10] - Notably, 347 funds had returns exceeding 20%, and 50 funds surpassed 40%, with 11 funds achieving over 60% [9][10] - The top-performing fund was the CITIC Construction North Exchange Selected Mixed Fund, with a return of 82.45% [10] Group 3: Investment Outlook - Brokerages expect the A-share market to trend upwards in the second half, focusing on emerging technology sectors and maintaining dividend assets as core holdings [7][8] - Key sectors for investment include AI, defense, and high-tech manufacturing, with a shift towards core asset trends anticipated [8] - Fund managers are optimistic about opportunities in AI, pharmaceuticals, and consumer sectors, suggesting a proactive investment strategy [11][12] Group 4: Macro Economic Insights - External factors have shown that Chinese assets are increasingly attractive, with resilience being a key characteristic of the macro economy [13][14] - Consumer performance has exceeded expectations, supported by policies like the trade-in subsidy, while exports have also remained strong [14] - The influx of southbound capital into Hong Kong stocks has been significant, with net inflows reaching 731.19 billion HKD, indicating robust market interest [17]

Group 1: Coal Industry - In June 2025, coal prices are lower than the same period last year, leading to a forecast of a year-on-year decline in industry profits for July 2025, maintaining a neutral outlook for the coal industry [3]. Group 2: Livestock Farming - As of the end of May 2025, the number of breeding sows is 40.42 million, showing a slight month-on-month increase. It is predicted that the supply and demand for pigs will balance in Q4 2025, with pork prices expected to stabilize at the bottom while waiting for a significant reduction in production capacity [4]. Group 3: Steel Industry - A forecast for June 2025 indicates a year-on-year negative growth in profits for the general steel industry. The rolling average of PMI has not exceeded the threshold, maintaining a neutral signal for the steel industry [5]. Group 4: Construction Materials and Engineering - In June 2025, the gross profit of float glass is expected to decline year-on-year, maintaining a neutral signal for the glass industry. The cement industry is predicted to see year-on-year profit growth in June 2025, awaiting positive signals from new housing starts, also maintaining a neutral outlook for the cement industry [5]. - The manufacturing PMI rolling average is stabilizing, while year-on-year data for commercial housing sales shows a slight decline. Economic data remains stable, and expectations for infrastructure support are unlikely to materialize, maintaining a neutral signal for the construction and decoration industry [5]. Group 5: Fuel Refining and Oil Services - A forecast for June 2025 suggests that profits in the fuel refining industry will remain roughly flat year-on-year, maintaining a neutral outlook. Oil prices have not yet formed an upward trend year-on-year, and new drilling activities are also stable year-on-year, leading to a neutral outlook for oil services [6].

大宗商品研究所 农产品研发报告 生猪日报 2025 年 7 月 2 日 【生猪日报】供应端有所收紧 价格上涨加快 研究员：陈界正 期货从业证号： F3045719 chenjiezheng_qh@chinastock.c om.cn | | | | | 生猪价格日报 | | 2025/7/2 | | | --- | --- | --- | --- | --- | --- | --- | --- | | | | | 现货价格 | | | | | | | 今 日 | 昨 日 | 变 化 | | 今 日 | 昨 日 | 变 化 | | 河南（0） | 15.45 | 15.29 | 0.16 | 山 西 | 15.21 | 15.05 | 0.16 | | 湖北（0） | 14.96 | 14.81 | 0.15 | 辽 宁 | 14.90 | 14.77 | 0.13 | | 安徽（300） | 15.48 | 15.29 | 0.19 | 吉 林 | 14.81 | 14.72 | 0.09 | | 湖南（100） | 15.33 | 15.09 | 0.24 | 黑龙江 | 14.71 | 14.55 | 0 ...

作 者丨郭聪聪 编 辑丨杨希 近日，中国建筑设计领域迎来了一位"90"后女性新生代领导者。国内首家IPO上市的设计公司 ——中衡设计发布公告称，同意提名创始人冯正功之女、1993年出生的冯嘉音为公司非独立 董事。 在当下中国企业界的接班浪潮中，一个显著趋势正在形成：越来越多优秀的女性继承者正 以"领航者"的姿态，逐渐打破商业世界的性别天花板。无论是执掌千亿资产的商界翘楚，还 是到崭露头角的"90 后"新秀，在企业传承中，女性继承者正在展现独特的"她力量"。 执掌千亿资产女性继承者 从华为孟晚舟到娃哈哈宗馥莉，从美高梅中国何超琼到周大福郑志雯，这些继承者的名字所 代表的已不仅是个人成就，也是一个群体性的商业现象—— 多位女继承者正在成为千亿资产 商业巨轮的掌舵者。 娃哈哈营收重回700亿，是宗馥莉接班后交出的第一份成绩单。1982年出生的宗馥莉，在早年 留学归来后，并未直接进入集团核心管理层，而是先从市场部基层做起，逐步熟悉饮料生 产、供应链管理与渠道布局。她的商业能力，从一手打造的宏胜饮料集团可见一斑：该企业 从一条生产线起步，发展至拥有 20 个生产基地、40 多家子公司及 100 多条生产线的规模， 更在 ...

2025 年 07 月 02 日 金融工程研究团队 魏建榕（首席分析师） 证书编号：S0790519120001 张 翔（分析师） 证书编号：S0790520110001 傅开波（分析师） 证书编号：S0790520090003 高 鹏（分析师） 证书编号：S0790520090002 苏俊豪（分析师） 证书编号：S0790522020001 胡亮勇（分析师） 证书编号：S0790522030001 王志豪（分析师） 证书编号：S0790522070003 盛少成（分析师） 证书编号：S0790523060003 苏 良（分析师） 证书编号：S0790523060004 何申昊（分析师） 证书编号：S0790524070009 蒋 韬（分析师） 证书编号：S0790525070001 相关研究报告 《开源量化评论（49）-对近期北向持 续撤离，南下持续抄底的几点思考》 -2022.3.15 开源量化评论（50）-港股优选：技术 面、资金面、基本面》-2022.3.22 《开源量化评论（96）-公募港股投资 变化及港股通优选组合构建》 -2024.7.15 港股量化：南下资金累计流入达 2024 年 91%，7 ...

新华社坎帕拉7月2日电（记者聂祖国）乌干达在中国－联合国粮农组织－乌干达南南合作项目下从 中国引进的首批9只简州大耳羊日前顺利运抵乌干达。乌农业官员以及南南合作项目中乌专家等参加了1 日在恩德培举行的接收仪式。 乌干达南南合作项目负责人朱利叶斯·特维纳马西科表示，简州大耳羊的引进有望帮助乌干达提高 羊肉和羊奶产量，增加出口创汇，"未来几年我们将向全国推广这一羊种"。 2012年以来，中国在中国－联合国粮农组织－乌干达南南合作项目下，向乌派遣谷物、畜牧、水 产、园艺、农机等近60名专家和技术人员，开展南南合作一期、二期和三期项目，助力当地农业发展。 据三期项目农业专家组组长张小强介绍，首批9只种羊在乌干达安家后，除了参与品种改良外，中乌两 国还将围绕大耳羊，在养殖技术、饲草培育、羊肉食品产业链等方面展开合作。 乌干达在恩德培国际机场附近的国家动物遗传资源中心与数据库新建了羊舍，临时安置这批进口山 羊。这批简州大耳羊包括3只公羊、6只母羊，在此隔离检疫21天，将运往乌西部姆巴拉拉区域农业研究 发展所，供乌方开展品种改良、育繁及推广工作。 乌干达农业、畜牧业和渔业部动物卫生司司长阿德蒙在接受新华社采访时表示，感谢中 ...