7月4日，A股三大指数涨跌不一，沪指涨0.32%报3472点，深证成指跌0.25%，创业板指跌0.36%。全天成交1.45万亿元，较前一交易 日增量1210亿元；超4100股下跌。 | 代码 | 名称 | 现价 | 浙黄 | 张娟 | | --- | --- | --- | --- | --- | | 000001 | 上证指数 | 3472.32 +11.17 | | +0.32% | | 399001 | 深证成指 | 10508.76 | -25.82 | -0.25% | | 399006 | 创业板指 | 2156.23 | -7.86 | -0.36% | | 000688 | 科创50 | 984.80 | -0.15 | -0.02% | 盘面上，跨境支付板块走高，信雅达、京北方涨停；银行板块集体走高，中信银行、浦发银行、上海银行创历史新高；游戏板块走 强，巨人网络一度触及涨停；创新药、电力、重组蛋白、脑机接口及多元金融等板块涨幅居前。另外，固态电池概念股集体下挫， 信宇人大跌10%；风电设备板块表现低迷，大金重工、泰胜风能下跌；有色金属、美容护理等板块下跌。 跨境支付板块涨幅居前，信雅达、京 ...

A股三大指数今日涨跌不一，截至收盘，沪指涨0.32%，深成指跌0.25%，创业板指跌0.36%，北证50指数跌1.88%。全市场成交额 14545亿元，较上日放量1210亿元。全市场超4100只个股下跌。 板块题材上，跨境支付、银行、游戏、电力、钢铁、创新药板块涨幅居前；固态电池、有色金属、美容护理、风电设备板块跌幅居 前。 盘面上，银行板块集体走高，中信银行、浦发银行、上海银行（601229）多股创出历史新高。创新药概念股反复活跃，广生堂 （300436）连续2日20cm涨停，塞力医疗（603716）走出4连板。跨境支付板块表现积极，信雅达（600571）、京北方（002987）涨 停。固态电池概念股集体下挫，信宇人大跌10%，华盛锂电、金银河（300619）跌幅居前。风电设备板块表现低迷，吉鑫科技 （601218）盘中跌停，大金重工（002487）、泰胜风能（300129）跟跌。有色金属板块午后持续下跌，精艺股份（002295）跌停，北 方铜业（000737）、广晟有色（600259）跌幅靠前。 涨停天梯榜： 【4连板】 柳钢股份（601003）、塞力医疗。 【3连板】 亚玛顿（002623）。 【2连板 ...

| 上证指数 | 深证成指 | 北证50 | | --- | --- | --- | | 3475.24 | 10540.00 | 1426.61 | | +14.09 +0.41% | +5.42 +0.05% -15.56 -1.08% | | | 科创20 | 创业板指 | 万得全A | | 984.02 | 2168.03 | 5345.71 | | -0.93 -0.09% | +3.95 +0.18% | +5.57 +0.10% | 7月4日早盘，三大指数窄幅震荡。截至午间收盘，沪指报3475.24点，涨0.41%，深成指报 10540.0点，涨0.05%，创业板指报2168.03点，涨0.18%。 总体来看，盘面上热点较为杂乱，个股跌多涨少，全市场超3700只个股下跌。 从板块来看，游戏股走强，稳定币概念股活跃，脑机接口、银行、电力板块涨幅居前；军工板块调 整，固态电池、贵金属板块走低。 半日主力资金流向 主力资金早间净流入银行、医药生物、计算机等板块，净流出电力设备、有色金属等板块。 具体到个股来看，沃尔核材、协鑫能科、数据港获净流入22.85亿元、9.93亿元、9.64亿元。 2025.0 ...

Core Viewpoint - A-shares experienced a collective rise in the morning session, with the banking sector showing significant gains and multiple bank stocks reaching new highs [1] Market Performance - The three major A-share indices rose collectively, with the Shanghai Composite Index up by 0.41%, the Shenzhen Component Index up by 0.05%, and the ChiNext Index up by 0.18% [1] - The North Star 50 Index, however, fell by 1.08% [1] - The total market turnover for the half-day session was 878.7 billion yuan, with over 1,400 stocks rising [1] Sector Performance - The gaming, cross-border payment, brain-computer interface, banking, electricity, and paper-making sectors led the gains [1] - Conversely, the solid-state battery, non-ferrous metals, and offshore equipment sectors experienced declines [1] Notable Stocks - Gaming stocks showed strong performance, with Giant Network hitting the daily limit and Ice Glacier Network rising over 10% [1] - The banking sector saw a steady rise, with stocks such as Pudong Development Bank, Beijing Bank, and Shanghai Bank reaching new highs [1] - Solid-state battery concept stocks mostly declined, with Xinyu Ren, Keheng Shares, and Jinlongyu leading the losses [1] - The offshore equipment sector collectively adjusted, with Deepwater Haina, Jixin Technology, and Zhongke Hai Xun leading the declines [1]

Group 1: Core Insights - The report emphasizes the importance of accounts receivable management in the property industry, highlighting its significant impact on cash flow and potential dividend sustainability for companies [1][17] - The analysis of 30 sample companies reveals a notable increase in accounts receivable from 291.8 billion to 753.7 billion from 2020 to 2024, with growth rates declining significantly in recent years [2][17] - The report indicates a shift towards greater business independence, with the proportion of accounts receivable from related parties decreasing from 47% to 39% over five years, while third-party receivables increased from 53% to 61% [2][18] Group 2: Financial Trends - The average collection period for accounts receivable has lengthened, with the proportion of receivables due within one year dropping from 89% in 2019 to 58% in 2024, indicating increased difficulty in collection [3][18] - The provision for bad debts has risen sharply, with the ratio of provisions to trade receivables increasing from 4% in 2019 to 26% in 2024, reflecting heightened credit risk [3][18] - The overall collection rate for the sample companies has decreased from 90% to 78% between 2019 and 2024, with companies linked to distressed parent firms experiencing even lower rates [3][18] Group 3: Investment Recommendations - The report recommends focusing on property companies with strong independent business capabilities and low reliance on related transactions, as these are critical indicators of financial health [19][20] - Specific companies highlighted for their strong parent company backgrounds and effective risk management include China Overseas Property, Poly Property, and China Merchants Jinling [19][20] - Companies like Wanwu Cloud, Country Garden Services, and Sunac Services are noted for their manageable accounts receivable risks, while China Resources Mixc Life is recognized for its advantageous business model [19][20] Group 4: Market Strategy - The report tracks monthly strategies for small-cap and growth styles, suggesting that small-cap stocks are likely to outperform in July based on historical data and quantitative models [5][6] - The growth style is also expected to perform well in July, with a recommendation to overweight growth stocks based on the analysis of market factors [6]

Important Market News - US stock market closed early on Thursday with all three major indices rising; S&P 500 increased by 0.83%, Nasdaq by 1.02%, and Dow Jones by 0.77%, marking the seventh historical closing high for S&P 500 this year and the fourth for Nasdaq [1] - Technology stocks saw widespread gains, with Nvidia rising 1.3% to a historical high and New思科技 increasing by 4.9%; Bitcoin-related stocks also surged, with Circle up over 6% [1] - International oil prices slightly declined, with WTI crude oil down 0.40% to $67.18 per barrel and Brent crude down 0.32% to $68.89 per barrel; COMEX gold futures fell 0.71% to $3336.00 per ounce, while silver futures rose 0.85% to $37.04 per ounce [1] - European stock indices closed higher, with Germany's DAX up 0.61% to 23934.13 points and France's CAC40 up 0.21% to 7754.55 points [1] Industry Insights - On July 3, the National Medical Products Administration of China announced measures to optimize lifecycle regulation to support high-end medical device innovation, including special approval procedures for medical robots and high-end imaging equipment [2] - Brain-computer interface technology is expected to revolutionize human-machine interaction, initially focusing on medical rehabilitation, with potential expansion into education, entertainment, and industrial applications [2] - The solid-state battery industry is accelerating its industrialization process, with solid-state batteries being recognized as the next-generation battery technology, particularly in cost-sensitive fields like humanoid robots and low-altitude applications [3] - China ranks second globally in solid-state battery patent applications, with over 46,000 applications as of May 16, 2025, indicating a rapid catch-up with Japan [3] - The National Cryptography Administration and other agencies released regulations for the management of commercial passwords, effective from August 1, 2025, which will impact key information infrastructure sectors such as energy, finance, and communication [4][5] - The commercial password market in China is projected to grow at a compound annual growth rate of 25%, reaching 140 billion yuan by 2025, driven by the new regulations [5] Company Updates - 中钢洛耐 announced that its shareholder plans to reduce its stake by up to 562,500 shares, representing 0.5% of the total share capital [6] - 曲江文旅 reported that a court will auction 12 million shares held by its controlling shareholder on an online platform [6] - 威唐工业 disclosed plans for its controlling shareholder to reduce their stake by up to 170,000 shares, accounting for 0.9727% of the total share capital [7] - 合盛硅业 intends to participate in an ETF exchange transaction, planning to exchange up to 1,182,210 shares, or 1% of the total share capital [7] - 财富趋势 announced a plan for its actual controller to reduce their stake by up to 768,340 shares, representing 3% of the total share capital [8]

7月3日，和讯投顾徐斌箐称，今天送大家两个字：格局。今天PCB板块涨幅第一，科技板块大爆发。其 观点未变，从6月末就一直在讲，7月份主线是以科技板块为主的业绩股，尤其是PCB、CPU、芯片这三 条线，炒业绩离不开它们，其次金融为辅，左手金融右手科技。其在直播间喊PCB已估计有两个礼拜 了，自己言行一致，不知大家是否做到。到今天，行情很嗨，下午半导体板块彻底爆发，这取决于近期 高位抱团情况，虽有高位抱团梯队不断出现，但也有核按钮梯队，所以部分资金选择炒业绩股避险。昨 天讲过，抱团集中在军工、创新药等几个新板块，新的连板半导体板块，如昨天五板、三板反包及5板 票要进行新一轮PK，今天结果是全部晋级，未分出胜负，反包稍胜一筹，明天继续。今天固态电池表 现强劲，早上被核按钮后走出地天板，这是带情绪的，因科技板块爆发、创业板指走好，有资金尝试做 反包，这一般有资金主导，大哥能走多远取决于其心情，若大哥明天离场，票可能被砸，若大哥继续格 局，市场也会延续，今天涨停的票明天一般有溢价。按道理，明天市场应是科技板块延续，不会那么快 切换到金融。金融逻辑相对差些，之前炒的是与稳定币有关，如今稳定币抱团仅剩一只10厘米的独苗， ...

男生普通话版 下载mp3 女声普通话版 下载mp3 粤语版 下载mp3 西南方言版 下载mp3 东北话版 下载mp3 上海话版 下载mp3 今日优选 非农数据意外好于预期，交易员不再押注美联储7月降息，9月降息概率也下降 美国财长贝森特：预计约有100个国家将获得至少10%的对等关税 特朗普最早将于当地时间周五发函告知贸易伙伴单方面关税税率 美国"大而美"法案在两名共和党议员反水的情况下获众议院通过 特朗普与普京通话，讨论中东局势、俄乌谈判等 据悉美国中东问题特使威特科夫计划下周会见伊朗外长，重启核谈判 据与会代表透露，欧佩克+讨论8月增产41.1万桶/日 外交部部长王毅表态：稀土不会成为中欧之间的问题 工信部召开第十五次制造业企业座谈会，强调依法依规、综合治理光伏行业低价无序竞争 美国取消全球三大芯片设计软件供应商对华出口限制 市场盘点 | 07月03日收盘情况 | | | | --- | --- | --- | | 品种 | 报价 | 涨跌幅 | | 现货黄金 | 3325.50美元/盎司 | -0.94% | | 现货自银 | 36.82美元/盎司 | 0.78% | | WTI原油 (1) | 66. ...

商报讯(记者苗露)昨日A股走势颇让人振奋，三大指数集体上涨，沪指再创年内新高，创业板指涨近 2%。截至收盘，沪指报3461.15点，涨0.18%；深证成指报10534.58点，涨1.17%；创业板指报2164.09 点，涨1.90%。全市场成交额超1.33万亿元，超3200只个股上涨。 板块方面，消费电子概念集体拉升，蓝思科技（300433）涨超11%，工业富联（601138）、鹏鼎控股 （002938）、大为股份（002213）等涨停；PCB、创新药、固态电池等板块涨幅居前，可控核聚变、海 洋经济、油气、游戏等板块跌幅居前。值得注意的是，宁德时代（300750）盘中一度大涨超5%。 消费电子概念崛起 昨日，消费电子板块盘中发力走高，之后稳步走强，领涨两市。据同花顺（300033）数据，截至昨日下 午收盘，消费电子板块整体收涨2.83%，位列当日行业板块排名第三，96只成分股中92只上涨，近一周 涨幅为2%，较之前近一月涨幅只有0.73%时显然是走出了一条飘红之路。 个股层面，蓝思科技涨超11%，市值超4600亿元的工业富联涨停，主力资金净流入20.23亿元，居A股第 一。 机构研报显示，工业富联预计在未来3 ...

明日主题前瞻 4、POE | 据报道，刚刚步入7月，不少化工原料悄然提价，多个化工巨头带头发函涨价。近期陶氏、LG化学、SK三家巨头齐发涨价函，POE（聚烯烃弹性 体）涨幅超过1000元/吨。陶氏、LG化学发布公告表示，而近期全球地缘政治不确定性加剧了上游市场的波动，7月1日起，亚太地区产品每吨涨价150美元 （约1075元/吨）；SK称，为保障品质，7月1日起，中国地区POE每吨上调1000元。今年以来，LG化学、陶氏化学等国际企业纷纷上调POE价格，推动国内 POE价格被动上涨。 点评：据中证报，POE兼具塑料和橡胶性质，为一种高性能热塑性弹性体，属于高端聚烯烃产品，近年来在光伏、汽车、包装等领域需求激增。据华经产业 研究院数据，我国POE在光伏领域应用占比为40%，汽车行业应用占比为26%，光伏应用已经成为POE最主要应用领域。POE 在光伏领域中主要用于封装胶 膜。N型电池+双玻组件渗透率提升，光伏用POE需求显著提升。中国目前对POE的进口依赖度超80%，国产化市场空间广阔。 5、元宇宙 | 据证券时报，工业和信息化部办公厅、教育部办公厅、文化和旅游部办公厅、广电总局办公厅发布关于组织开展2025年 ...