近期，上证指数突破3600点，水泥、钢铁、光伏等传统行业在"反内卷"催化下迎来爆发，也有算力、机 器人等新兴行业在技术突破下的轮动行情。伴随行情的回暖，多家外资公募也纷纷发声看好A股后续市 场表现。 桥水基金认为，未来中国股票宜适度增持，原因是政策支持和估值相对较低。贝莱德基金表示，今年以 来，中国股市、债市及外汇韧性都超预期，将继续看好中国股债双边行情。路博迈基金认为，股市上行 的条件已部分具备，市场等待更确定性的因素落地，三季度末到四季度更有望突破中枢。 投资快报记者从景顺全球最新发布的研究调查看到，国际投资机构对中国市场的兴趣明显回升。从国内 的外资公募持仓来看，公募排排网统计数据显示，二季度有6家进行了股票增持，其中路博迈基金、联 博基金在二季度的股票市值增长率分别高达491.66%、348.49%。 摩根大通基金持股超200亿，超5000万自购 数据显示，截至二季度末，摩根大通基金资产规模高达1989.01亿元，根据基金二季度报，旗下基金在 二季度持有186只标的，合计市值约为225.50亿元。 摩根大通基金二季度持股市值最多的20家公司，均在3亿以上。值得注意的是，自一季度末以来，仅4只 个股出现 ...

"10倍股"上纬新材（688585）今天盘中股价再创历史新高，但走势波动较大。该股今天上涨6.19%，今年以来累计涨1169%。 上午，上纬新材一度涨近18%，午后股价缓慢回落，13:42左右，股价突然直线跳水翻绿，后又大幅拉升，一度涨超15%，临近尾盘，股价再度跳水。今 天，上纬新材成交额超21亿元。 算力和创新药板块走强 近期，算力、创新药及其上游的CXO板块持续走强。今天，这两大板块再度大涨。 CRO板块今天领涨，睿智医药、药石科技等个股大涨。两大龙头股药明康德、恒瑞医药分别上涨7.72%、2.84%。 7月29日，A股三大指数全线飘红，创业板指站上2400点。 截至收盘，上证指数上涨0.33%，深证成指上涨0.64%，创业板指上涨1.86%，报2406.59点。全市场成交额约1.83万亿元。 上纬新材巨震 一是各板块的龙头股持续走强，每天都有不少龙头股刷新历史新高。今天，新易盛、中际旭创、生益科技、胜宏科技、仕佳光子、沪电股份、工业富联、 苑东生物、益方生物、芯碁微装、电气风电等个股盘中股价创历史新高。 二是市场更加聚焦大市值和中市值的龙头股。 | | | 874.62 4.00% | | | | - ...

截至收盘，上证指数上涨0.33%，深证成指上涨0.64%，创业板指上涨1.86%，报2406.59点。全市场成交额约1.83万亿元。 上纬新材巨震 "10倍股"上纬新材（688585）今天盘中股价再创历史新高，但走势波动较大。该股今天上涨6.19%，今年以来累计涨1169%。 7月29日，A股三大指数全线飘红，创业板指站上2400点。 上午，上纬新材一度涨近18%，午后股价缓慢回落，13:42左右，股价突然直线跳水翻绿，后又大幅拉升，一度涨超15%，临近尾盘，股价再度跳水。今 天，上纬新材成交额超21亿元。 算力和创新药板块走强 近期，算力、创新药及其上游的CXO板块持续走强。今天，这两大板块再度大涨。 CRO板块今天领涨，睿智医药、药石科技等个股大涨。两大龙头股药明康德、恒瑞医药分别上涨7.72%、2.84%。 | | | 874.62 4.00% | | | | --- | --- | --- | --- | --- | | 成分股 | 基金 | 资金 | 板块分析 | 新闻 | | ●展开分析 | | 最新 | 涨幅 ◆ | 流通市值 | | 睿智医药 | | 13.61 | 20.02% | 67.7 ...

Economic Strength: The Foundation of Urban Dreams - In 2024, Wuhu aims to establish itself as an "Innovation City," "Automobile City," "Intelligent Computing City," "Hub City," "Happy City," and "City of Happiness," reflecting its strategic positioning and development goals [3] - The automobile industry is Wuhu's primary industry, with over 2,000 related enterprises and more than 900 large-scale companies, achieving a revenue of 584 billion yuan in 2024, a growth of 31.4% [6] - Wuhu's new energy vehicle sales reached 584,000 units, marking a staggering growth of 232.7%, positioning it as a leader among mainstream automakers [6] Urban Capability: Strategies and Breakthroughs - Urban capability refers to a city's ability to gather and diffuse production factors, significantly impacting its competitive position [10] - Wuhu is focusing on technological innovation and transportation hub status to enhance its urban capability, leveraging its manufacturing base and leading enterprises like Chery [10][11] - The city has over 3,300 technology-based SMEs and nearly 2,100 high-tech enterprises, with R&D investment accounting for 4.28% of GDP, the highest in Anhui Province [11] Urban Attractiveness: Creating a Joyful and Happy "Magnet" - Wuhu's "Happy Wuhu" initiative, launched in 2014, aims to integrate cultural and tourism development, establishing various attractions and hosting significant events [15][18] - In 2024, Wuhu received 76.68 million domestic tourists, with tourism spending reaching 100 billion yuan, reflecting a year-on-year growth of 6.7% and 11.1% respectively [21] - The city has implemented 341 key projects focused on enhancing the quality of life, investing over 55 billion yuan to improve public spaces and community services [23]

十字星下的缩量博弈，是蓄势待发还是风雨欲来？ 各位老铁，我是帮主郑重。今早一开机，A股又站在了3600点的悬崖边——上证指数昨天那颗缩量十字星，像极了高手对决前的屏息瞬间。政策红包雨砸向 三胎，算力硬件股却悄悄刷新历史新高，这冰火两重天的盘面，看得人直呼魔幻！但更刺激的是，今晚美联储议息会议和明晚特朗普关税大限，就像悬在头 顶的双刀，让这场3600点争夺战充满火药味。 看看主力资金这操作就更有意思了：一边是北向资金昨天狂扫287亿猛攻半导体和医药，另一边是周期股单日净流出70亿的惨烈踩踏。这种割裂行情背后， 藏着政策与时间赛跑的惊险棋局——育儿补贴每年千亿的真金白银刚落地，反内卷的刀锋又砍向光伏钢铁。当技术面缩量十字星撞上政策密集期，老江湖都 懂：这种时候，耐心比勇气更金贵。 多头弹药库：政策红包与算力狂潮 三胎概念今早直接引爆！每孩每年3600元的国家补贴，折合成真金白银相当于每年千亿级消费刺激，这可比发消费券实在多了。贝因美、戴维医疗这些母婴 股，早盘集合竞价就被资金顶得红光满面。更绝的是地方财政可能跟进加码——若北上广深等富庶地区再叠加补贴，婴童消费赛道想象空间直接拉满。 科技主线更是杀疯了。世界人工智 ...

Group 1 - The 2025 World Artificial Intelligence Conference (WAIC2025) held in Shanghai showcased advancements in computing power infrastructure and applications, indicating a high level of industry prosperity driven by AI technology [1] - Huawei's Ascend 384 super node was a highlight at the conference, featuring twelve computing cabinets and four bus cabinets, optimizing performance for model training and inference, marking a new development stage for China's AI computing infrastructure [1] - Suiruan Technology demonstrated its AI commercial applications and infrastructure, with its "Suiruan® S60" AI inference card being widely applied in various scenarios such as chatbots and online meeting summaries [1] Group 2 - The rapid development of large models is transforming the industry ecosystem, driving the systematic and clustered development of computing power infrastructure, with significant potential for collaborative innovation [2] - Despite a decrease in AI large model companies at the conference, computing power companies maintained high participation, indicating strong demand for computing power, with a focus on design, production processes, and cooling technologies [2] - A report by IDC and Inspur indicates that China's intelligent computing power is expected to grow by 43% in 2025 compared to 2024, reaching 1460.3 EFLOPS by 2026, which is double that of 2024 [2] Group 3 - The rapid growth of intelligent computing power reflects China's strong momentum in the digital economy and AI sectors, supported by policies, technological advancements, and market demand [3] - The future development of the computing power industry is viewed positively, with AI being a key driver of a new technological revolution and the rise of domestic AI computing power seen as an inevitable trend [3] - As digital transformation deepens, the demand for data collection, storage, processing, and analysis will increase, further driving the need for computing power [3]

Core Insights - The article emphasizes the proactive measures taken by Tianjin's work agencies to implement East-West cooperation and support initiatives, showcasing their commitment to innovation and improvement in collaborative support efforts [1] Group 1: Industry Support and Development - The focus on industrial assistance is highlighted as a crucial element for enhancing the endogenous development capacity of supported regions, with specific projects aimed at agricultural and rural development [2] - A total of 43 major industry cultivation projects, including apple and traditional Chinese medicine, are being implemented to support local economies [2] - The introduction of high-value industries such as deep processing of agricultural products and the establishment of industry clusters is prioritized, with specific projects like the 3 billion yuan photovoltaic project in Dingqing County [2] Group 2: Innovative Collaboration and Investment - The article discusses innovative approaches to collaboration, including attracting investments from various enterprises and establishing strategic partnerships, resulting in 25 signed projects with an expected total investment of 1.741 billion yuan [3] - The establishment of a long-term procurement mechanism between Tianjin Huaren Wanjia and Kunlun Tianhe Agricultural Technology is noted as a significant development in enhancing supply chain efficiency [3] Group 3: Employment and Economic Integration - Employment initiatives are being implemented, with a focus on training and job placement, resulting in 46,900 rural laborers from Gansu being assisted in finding employment [4] - The promotion of local products through consumption assistance programs has led to a total of 2 billion yuan in sales, demonstrating the effectiveness of these initiatives [4] Group 4: Educational and Cultural Integration - The integration of educational resources and cultural initiatives is emphasized, with projects aimed at enhancing awareness of national unity and cultural heritage [5] - The establishment of educational programs in Tibet, such as the "Red History Resource Course," aims to strengthen cultural ties and promote mutual understanding [5] Group 5: Team Building and Governance - The article highlights the importance of team building and governance in enhancing the effectiveness of support work, with a focus on political integrity and adherence to regulations [6] - Training programs and health lectures for staff are being conducted to improve overall competency and well-being, ensuring high-quality support operations [6]

Valuation Summary - The overall PE of the A-share market is 20.2 times, positioned at the historical 82nd percentile [2][5] - The PE of the Shanghai 50 Index is 11.4 times, at the historical 59th percentile [2][5] - The PE of the ChiNext Index is 34.8 times, at the historical 20th percentile [2][5] - The PE of the Science and Technology Innovation 50 Index is 146.2 times, at the historical 100th percentile [2][5] Industry Valuation Comparison - Industries with PE valuations above the historical 85th percentile include Real Estate, Steel, Building Materials, Electric Equipment (Photovoltaic Equipment), National Defense and Military Industry, Aviation and Airports, Light Industry Manufacturing, Chemical Pharmaceuticals, and IT Services [2][6] - The Passenger Vehicle industry has a PB valuation above the historical 85th percentile [2][6] - The Shipping and Port industry has both PE and PB valuations below the historical 15th percentile [2][6] Industry Midstream Prosperity Tracking New Energy - Photovoltaics: The price of polysilicon futures increased by 15.2% to 50,000 yuan, while the price of silicon wafers rose by 10.5% [2] - Battery materials: The prices of cobalt and nickel increased by 2.3% and 2.6%, respectively, while lithium prices saw increases of 7.1% for lithium hexafluorophosphate and 9.0% for lithium carbonate [2] Financial Sector - Insurance: The cumulative year-on-year growth of various insurance premiums was 5.3% for the first half of 2025, with an expected further reduction in the preset interest rate for life insurance products [3] Real Estate Chain - Steel: The spot price of rebar rose by 5.4%, and the futures price increased by 6.6% [3] - Cement: The national cement price index fell by 1.5% due to weak demand [3] Consumer Sector - Pork: The average price of live pigs decreased by 0.8%, while the wholesale price of pork increased by 1.0% [3] - Alcohol: The wholesale price index for liquor remained stable, with a slight decrease in the price of Moutai [3] Midstream Manufacturing - Excavators: Sales of excavators increased by 13.3% year-on-year in June 2025, with domestic sales up by 6.2% and exports up by 19.3% [3] Technology TMT - Optical Communication Modules: Exports decreased by 11.2% year-on-year, with a significant drop in export prices [3] Cyclical Industries - Precious Metals: COMEX gold and silver prices fell by 0.5% and 0.3%, respectively [3] - Coal: The price of thermal coal rose by 1.7%, while coking coal prices increased by 9.5% [3]

Investment Rating - The industry investment rating is "positive," indicating a relative performance stronger than the market benchmark index by over 5% [33]. Core Insights - The global silver market has entered a new phase of structural supply-demand gap expansion, with signs of a rightward shift in the demand curve [1]. - Industrial demand is the primary component of silver demand, accounting for 58.5% of the total demand in 2024, with a total global silver demand projected at 36,207 tons [1][2]. - The compound annual growth rate (CAGR) for global silver demand from 2019 to 2024 is 3%, with industrial silver demand growing at a CAGR of 5.4% during the same period [2]. - The electronic and electrical sectors are the main drivers of industrial silver demand, with the photovoltaic industry being a significant contributor [3][5]. Summary by Sections Silver Demand Composition - In 2024, silver demand is composed of industrial demand (21,165 tons, 58.5%), jewelry (6,491 tons, 17.9%), and physical investment (5,939 tons, 16.4%) [1]. - The demand from the silverware and photography sectors is relatively minor, at 1,684 tons (4.7%) and 792 tons (2.2%) respectively [1]. Industrial Silver Demand Growth - From 2019 to 2024, industrial silver demand increased from 16,281 tons to 21,165 tons, contributing 98% to the total growth in silver demand during this period [2]. - The electronic and electrical sector's silver demand is projected to reach 14,323 tons in 2024, accounting for 67.7% of industrial silver demand [3]. Photovoltaic Industry Impact - The shift from P-type to N-type solar cells is expected to increase silver consumption in the photovoltaic sector, with N-type cells requiring significantly more silver per gigawatt [6]. - The projected silver consumption in the photovoltaic sector for 2025-2027 is expected to grow steadily, reaching 6,552 tons, 7,128 tons, and 7,500 tons respectively [6]. Automotive Sector Contribution - The growth of the new energy vehicle sector is anticipated to further drive silver demand, with projected consumption in the automotive sector reaching 2,566 tons, 2,799 tons, and 2,926 tons from 2025 to 2027 [7]. Overall Silver Demand Forecast - The global silver demand is expected to grow at a CAGR of 2.9% from 2024 to 2027, reaching 39,457 tons by 2027, with industrial demand's share increasing from 58.5% to 59.7% [9]. - The supply-demand gap for silver is projected to widen, with supply growth expected to lag behind demand growth, leading to a tightening market [9].

今日共45股涨停，连板股总数9只，其中三连板及以上个股5只，上一交易日共18只连板股，连板股晋级 率27.78%（不含 ST股、 退市股）。个股方面，高位股遭重挫， 中设股份、 华新水泥、 苏博特、 柳钢 股份等10股跌停， 深水规院20CM跌停价收盘， 铜冠铜箔、 筑博设计、 铁建重工等跌超10%。此外， 高度板（5连板） 西宁特钢与 西藏天路盘中均多次炸板，表明资金分歧巨大。板块方面， 芯片产业链 午后大幅走强，光刻机概念股 海立股份6天3板， 张江高科涨停，算力芯片细分同样表现不俗， 寒武 纪、 翱捷科技等涨超10%；算力板块震荡走高， 直真科技、 中电鑫龙、 湖北广电等涨停，消息面上， 世界人工智能大会将于明日开幕。 ...