北京商报讯（记者 徐慧）绿色环保正在成为中国领先运动品牌李宁最亮丽的底色。6月3日，2025年服贸会"高管谈服贸"系列采访活动走进李宁公司。李宁 集团副总裁宋春涛介绍，李宁公司以"高层引领、长期深耕、产品创新、全链路驱动"为ESG核心理念，让企业的可持续发展真正实现可持续。 2024年5月，李宁公司首次对外展示全降解鞋，实现全鞋降解率超80%，成为中国专业运动鞋全降解领域的先行者，李宁也成为最早在专业运动鞋上做到全 降解的中国运动品牌。 宋春涛坦言，可持续发展之路注定是一条充满挑战的道路。比如，大规模生产和工业化制造带来的成本降低往往依赖于化工类材料，因此，替代化工类材料 的选择本身就是一个难题，需要多种尝试、不断试错。即使找到了更环保的材料，如何从试验室推向量产也是一个极具挑战的环节，只有将生产成本降到一 个合理的水平，才能实现大规模推广、使用和售卖。在此过程中，企业需要在追求利润和履行社会责任之间找到平衡。 李宁公司的环保产品涵盖四大模块，以四个"自然"为核心：源于自然（采用生物基生产原料）、自然而染（创新制作染色工艺）、自然新生（推动回收再利 用）、回归自然（生态循环突破全降解技术）。 近年来，李宁公司 ...

从基金调研公司的A股总市值统计，总市值在500亿元以上的共有1家，其中总市值超千亿元的有京东方 A等，总市值不足100亿元的有3家，分别是曼卡龙、弘景光电、盛达资源等。 市场表现上，基金调研股中，近5日上涨的有3只，涨幅居前的有曼卡龙、盛达资源、杰瑞股份等，涨幅 为14.82%、3.04%、1.49%；下跌的有5只，跌幅居前的有弘景光电、利亚德、中科创达等，跌幅为 10.39%、2.64%、1.62%。 数据宝统计，基金参与调研股中，近5日资金净流入的有3只，盛达资源近5日净流入资金3741.98万元， 主力资金净流入最多；净流入资金较多的还有思特威、杰瑞股份等，净流入资金分别为2812.07万元、 1322.73万元。（数据宝） 昨日基金共对8家公司进行调研，扎堆调研中科创达、思特威、利亚德等。 证券时报·数据宝统计，6月3日共17家公司被机构调研，按调研机构类型看，基金参与8家公司的调研活 动。中科创达最受关注，参与调研的基金达34家；思特威、利亚德等分别获15家、9家基金集体调研。 基金参与调研的公司中，按所属板块统计，深市主板公司有3家，创业板公司有4家，科创板公司有1 家。 6月3日基金调研公司一览 ...

FICC日报 | 2025-06-04 股指低开高走，金融板块表现强势 市场分析 特朗普提高关税。国内方面，美方称中方违反日内瓦会谈共识，对此，外交部发言人林剑表示，商务部发言人此 前已就此阐明中方严正立场。日内瓦共识是中美双方在相互尊重、平等协商的原则下达成的。美方在毫无事实根 据的情况下，对中方抹黑指责，出台对华芯片出口管制、暂停对华芯片设计软件销售、宣布撤销中国留学生签证 等极端打压措施，严重破坏日内瓦共识，也损害了中方正当权益。中方对此坚决反对，已提出严正交涉。林剑强 调，施压和胁迫不是同中方打交道的正确方式。我们督促美方尊重事实，停止散布虚假信息，纠正有关错误做法， 以实际行动维护双方达成的共识。海外方面，特朗普宣布将进口钢铁和铝及其衍生制品的关税从25%提高至50%， 该关税政策自美国东部时间2025年6月4日凌晨00时01分起生效。美国从英国进口的钢铝关税仍将维持在25%。 股指上涨。现货市场，A股三大指数低开高走，上证指数涨0.43%收于33631.98点，创业板指涨0.48%。行业方面， 板块指数涨多跌少，美容护理、纺织服饰、银行行业领涨，家用电器、钢铁、煤炭行业跌幅居前。当日沪深两市 成交 ...

Market Overview - The market experienced a slight rebound with all three major indices closing higher, with the Shanghai Composite Index at 3361.98, up 0.43% [1] - The total trading volume in the Shanghai and Shenzhen markets reached 1.14 trillion, an increase of 22.3 billion compared to the previous trading day [4] Sector Performance - The top-performing sectors included Beauty Care (up 3.86%), Textile and Apparel (up 2.53%), and Banking (up 1.98%) [1] - Conversely, the sectors that underperformed were Household Appliances (down 2.10%), Steel (down 1.37%), and Coal (down 0.84%) [1] Concept Indices - Notable concept indices that performed well included the China-South Korea Free Trade Zone (up 4.23%), Cell Immunotherapy (up 3.87%), and Football Concept (up 3.56%) [2] - Underperforming concept indices included Special Steel Concept (down 0.93%) and Medical Waste Treatment (down 0.51%) [2] Future Outlook - The market is expected to maintain a range-bound and consolidating trend, with a focus on sectors such as Finance, Pharmaceutical Biology, TMT (Technology, Media, and Telecommunications), and Non-ferrous Metals [4] - The upcoming mid-year performance expectations are anticipated to drive structural market trends, with fundamentals becoming a key factor [4]

Core Viewpoint - The A-share market experienced a rebound on June 3, with broad-based gains across indices, indicating a positive market response to domestic demand and policy support despite external trade tensions [2][7]. Market Dynamics - The market is characterized by "domestic demand-driven and policy-supported" dynamics, with financials, pharmaceuticals, and new consumption sectors attracting significant capital [2][10]. - Recent developments in U.S. tariff issues have heightened market risk aversion, leading to a surge in gold prices and declines in Hong Kong stocks, but the A-share market showed resilience by recovering losses [2][3]. Sector Performance - The consumer sector, particularly in beauty care, maternal and infant care, and pet products, has become a safe haven for funds due to policy support and consumption recovery [3][9]. - The banking sector is favored for its "high dividend and low volatility" characteristics, with several banks reaching historical highs amid increased institutional investment [7][10]. - The precious metals sector is gaining traction as a hedge against geopolitical conflicts and U.S. debt risks, becoming a core tool for mitigating uncertainty [3][9]. Structural Trends - The innovation drug sector is witnessing a fundamental reversal, driven by significant advancements showcased at international conferences, boosting industry confidence [4][9]. - Conversely, sectors like home appliances and steel are experiencing declines due to tariff impacts and reduced earnings certainty, reflecting a market strategy of "avoiding external demand and protecting internal demand" [5][10]. Outlook - Looking ahead to June, the marginal impact of tariff issues is expected to weaken, with domestic policies and industry fundamentals remaining focal points [6]. - In the absence of major catalysts, broad indices are likely to maintain a sideways trend, with structural opportunities emerging in new consumption, defensive sectors, and performance reversals in pharmaceuticals and beauty care [6][9].

Market Overview - The A-share market saw all major indices rise today, with the Shanghai Composite Index up by 0.43% closing at 3361.98 points, the Shenzhen Component Index up by 0.16% at 10057.17 points, the ChiNext Index up by 0.48% at 2002.70 points, and the Sci-Tech 50 Index up by 0.48% at 981.71 points [1][12] - Overall, 3390 stocks rose while 1782 stocks fell, with a total trading volume of 1141.4 billion yuan, an increase of 2.2 billion yuan compared to the previous trading day [1] Industry Performance - Among the Shenwan first-level industries, the sectors that saw gains included Beauty Care (up 3.86%), Textile and Apparel (up 2.53%), Comprehensive (up 2.02%), Banking (up 1.98%), and Agriculture, Forestry, Animal Husbandry, and Fishery (up 1.80%) [1][12] - The sectors that experienced declines included Household Appliances (down 2.10%), Steel (down 1.37%), Coal (down 0.84%), Building Materials (down 0.52%), and Environmental Protection (down 0.40%) [1][12] Concept Sectors - The top-performing concept sectors today included Gold and Jewelry, Medical Beauty, Dairy Industry, Gene Testing, CRO, Anti-Cancer, Rare Earth, Biological Vaccines, Innovative Drugs, and Medical Supplies Export [2][11] - Conversely, sectors such as Automotive Complete Vehicles, Wireless Charging, and Excavators experienced pullbacks [11]

证券时报·数据宝统计，截至下午13:58，今日沪指涨0.36%，A股成交量779.15亿股，成交金额9360.20亿 元，比上一个交易日增加0.34%。个股方面，3447只个股上涨，其中涨停79只，1718只个股下跌，其中 跌停9只。从申万行业来看，美容护理、综合、纺织服饰等涨幅最大，涨幅分别为4.10%、2.16%、 2.03%；家用电器、钢铁、煤炭等跌幅最大，跌幅分别为1.87%、1.37%、1.09%。（数据宝） | 公用事业 | | | | 长源电力 | | | --- | --- | --- | --- | --- | --- | | 煤炭 | -1.09 | 52.14 | 45.64 | 安源煤业 | -4.32 | | 钢铁 | -1.37 | 48.55 | 31.69 | 本钢板材 | -6.75 | | 家用电器 | -1.87 | 153.82 | 17.34 | 美的集团 | -4.17 | 今日各行业表现（截至下午13:58） | 申万行业 | 行业涨跌（%） | 成交额（亿元） | 比上日（%） | 领涨（跌）股 | 涨跌幅（%） | | --- | --- | --- | -- ...

【安德玛发布2025财年财报，业绩下滑但毛利率改善】5月14日，美国运动服饰品牌安德玛发布2025财 年业绩报告，这是自去年6月启动拯救业绩重启计划后的首份全年财报。财报显示，2025财年公司营收 52亿美元，同比下降9%，净亏损2.01亿美元（约14.4亿元人民币）。 截至2025年3月31日的第四财季， 营收12亿美元（约86.6亿元人民币），同比下降11%，净亏损为6700万美元（约4.84亿元人民币）。虽 未扭亏为盈，但管理层肯定该业绩，宣称"超出了华尔街的预期"。 这些年安德玛业绩连年下滑，2024 年3月创始人凯文·普兰克回归，开启拯救业绩重启计划。如重新聚焦核心男装业务，重启"UA Flow科 技"、复刻库里系列球鞋，取消过度折扣策略等。 安德玛将中国市场作为增长核心战略，但国内运动户 外市场竞争激烈。传统品牌如始祖鸟等深入人心，新锐品牌如萨洛蒙等成为"运动新贵"。 2025财年安 德玛业绩不太理想但符合预期，收入、利润延续下滑趋势。不过第四财季毛利率改善，提升1.7个百分 点，达到46.7%，毛利达5.51亿美元（约40亿元人民币）。 分品类看，服饰业务是主营板块，2025财年 营收34.5亿 ...

（原标题：今日68只A股封板 美容护理行业涨幅最大） 证券时报•数据宝统计，截至上午收盘，今日沪指涨0.48%，A股成交量636.80亿股，成交金额7638.85亿元，比上一个交易日减少0.93%。个股方 面，3437只个股上涨，其中涨停68只，1735只个股下跌，其中跌停5只。从申万行业来看，美容护理、综合、纺织服饰等涨幅最大，涨幅分别为 3.61%、2.25%、1.73%；钢铁、家用电器、煤炭等跌幅最大，跌幅分别为1.50%、1.48%、0.88%。（数据宝） 今日各行业表现（截至上午收盘） | 申万行业 | 行业 | 成交额 | 比上日 | | 涨跌幅 | | --- | --- | --- | --- | --- | --- | | | 涨跌 | （亿元） | （%） | 领涨（跌）股 | （%） | | | （%） | | | | | | 美容护理 | 3.61 | 81.35 24.94 | | 水羊股份 | 12.61 | | 综合 | 2.25 | 17.50 | 5.79 | 特力A | 4.95 | | 纺织服饰 | 1.73 | 109.34 | 9.09 | 曼卡龙 | 19.98 | ...

Group 1: Dividend Performance Analysis - Historically, the China Securities Dividend Index significantly underperformed in June and October since 2010, with excess return rates against the CSI 300 and the entire A-share market around 33%[16] - In June 2015 and 2018, dividends showed excess returns relative to the CSI 300 and the entire A-share market, benefiting from high volatility environments[8] - The Hong Kong Stock Connect High Dividend Index has consistently outperformed the CSI 300 Total Return Index and the Hong Kong Stock Connect Index, with monthly winning rates of 30% in January and October, which are the lowest for the year[27] Group 2: Seasonal Effects and Industry Performance - The months of March to May and August to December are favorable periods for the Hong Kong Stock Connect High Dividend Index to outperform the CSI 300 and the Hong Kong Stock Connect Index[28] - Most industries, except for consumer sectors like automobiles and home appliances, showed no excess returns in June and October since 2010, with utilities performing relatively better in June[22] - The banking and transportation sectors, along with high-weight industries like construction materials and real estate, experienced significant drawdowns in June[22] Group 3: Reasons for Seasonal Effects - The low winning rates for dividends in June and October are linked to the completion of annual and semi-annual reports, leading to a rise in market risk appetite post-reporting periods[30] - The phenomenon of "抢权行情" (right grabbing market) occurs around the ex-dividend dates, where stock prices may decline post-ex-dividend due to preemptive buying behavior[31] - The market's risk appetite tends to recover after the financial reporting periods, which negatively impacts the overall performance of dividend stocks[40]