Investment Rating - The report maintains an "Overweight" rating for the machinery industry, indicating a positive outlook compared to the overall market performance [4]. Core Insights - The machinery industry is expected to see a moderate recovery in demand in the second half of 2025, driven by equipment upgrades and technological empowerment [4]. - Key companies in the machinery sector are projected to experience varied growth rates in Q2 2025, with notable performances from companies like SANY Heavy Industry (25% growth) and PCB manufacturer Ding Tai Gao Ke (66% growth) [4][5]. - The report highlights three main trends in the robotics sector: the advancement of humanoid robots, the entry of global giants into the robotics field, and the practical application of various robot forms in specific scenarios [4]. - In the rail transit equipment sector, significant investment is expected to continue, with a projected fixed asset investment nearing 900 billion yuan for the year, supported by strong passenger demand [4]. - The engineering machinery sector is approaching a cyclical turning point, with signs of recovery in demand and a favorable environment for new machine sales [4]. - The laser segment is experiencing rapid growth, particularly in general laser applications, driven by technological advancements and increased overseas exports [4]. Summary by Sections Robotics and Components - The humanoid robot industry is progressing towards commercialization, with significant contributions expected from companies like Greentech Harmonic and Wolong Electric Drive [4]. Rail Transit Equipment - In the first half of 2025, China's railway fixed asset investment reached 355.9 billion yuan, a year-on-year increase of 5.5%, with expectations for continued high growth [4]. Engineering Machinery - The engineering machinery sector has seen improved profitability and is positioned for a new sales cycle as construction activity resumes [4]. Laser Technology - General laser demand is rapidly increasing due to high-power technology iterations and new applications in consumer electronics and photovoltaics [4].

LotosPFA系统能够显著简化手术操作，提升手术效率，同时为临床医生带来极致的操作体验。系统配 套的LotosPFA导管具有针对PFA技术高度定制化创新设计的独特高密度16个电极和高稳定性的耦合式网 篮设计，其可通过变化形态适应更多肺静脉形态，且在所有目标肺静脉位置均不易出现电极变形。此 前，该导管已在动物实验中证实能够实现非旋转消融术式(single-shot)，相关研究成果于2024年初发表 在国际知名的心脏电生理学期刊《EP Europace》上。 近日，2025年欧洲心脏病学会大会(ESC Congress2025)正式公布突破性临床研究专场(Late-Breaking Clinical Trials)入选名单。值得关注的是，由深圳北芯生命科技股份有限公司(以下简称"北芯")旗下控股 子公司——深圳北芯医疗科技有限公司(以下简称"北芯医疗")自主研发的LotosPFA纳秒脉冲电场消融 (nsPFA)系统支持的全球首个nsPFA对比压力感应射频消融(RFA)的InsightPFA前瞻性、多中心、随机对 照研究(RCT)成功入选此名单，相关研究结果将于9月1日在ESC大会进行全球首次发布。 该研究由广东 ...

Group 1 - CITIC Construction Investment expects a net profit of 4.43 billion to 4.57 billion yuan for the first half of 2025, representing a year-on-year increase of 55%-60% [1] - New Hope anticipates a net profit of 680 million to 780 million yuan for the first half of 2025, recovering from a loss of 1.217 billion yuan in the same period last year [2] - Foton Motor forecasts a net profit of approximately 777 million yuan for the first half of 2025, marking an increase of about 87.5% year-on-year [7] Group 2 - North New Road and Bridge expects a net loss of 70 million to 85 million yuan for the first half of 2025 [2] - Nanwei Co. anticipates a net loss of 12 million to 16 million yuan for the first half of 2025 [3] - Hanhua Technology projects a net loss of 45 million to 60 million yuan for the first half of 2025, widening the loss by 11.42%-18.10% compared to the previous year [6] Group 3 - Songlin Technology expects a net profit of 90 million to 95 million yuan for the first half of 2025, a decrease of 57.06%-59.32% year-on-year [4] - Fuchun Environmental Protection anticipates a net profit of 178 million to 207 million yuan for the first half of 2025, representing a year-on-year increase of 80%-110% [18] - Ansteel Group forecasts a net loss of 1.144 billion yuan for the first half of 2025, a reduction in loss of approximately 57.46% compared to the previous year [20][22] Group 4 - China Wuyi expects a net loss of 80 million to 104 million yuan for the first half of 2025, a significant decline compared to the previous year [28] - Meikailong anticipates a net loss of 1.59 billion to 1.92 billion yuan for the first half of 2025 [26] - Aijian Group projects a net profit of 140 million yuan for the first half of 2025, a decrease of 33.26% year-on-year [27]

Core Viewpoint - China's exports showed resilience in June, with a year-on-year increase of 5.8% in USD terms, surpassing Citigroup's forecast of 3.3% and market consensus of 5% [1][2]. Export Growth Factors - The growth in exports is attributed to the easing of US-China trade tensions and strong demand from non-US markets, with expectations for continued resilience in the second half of the year [2]. - Exports to ASEAN increased by 16.8%, with Thailand and Vietnam exceeding 20%, contributing nearly half of the overall growth [5]. - Exports to Africa maintained a high growth rate of 34.8%, serving as a key driver [5]. Product Performance - Automotive exports surged by 23.1%, while integrated circuit exports slowed to 24.2%, still holding the largest contribution share [7]. - Mechanical and electrical products grew by 8.2%, and labor-intensive products rebounded to 0.4% [7]. - The performance is supported by re-export trade to the US, supply chain extensions to ASEAN, new demand from Belt and Road countries, and Africa, alongside China's export competitiveness [7]. Import Recovery - Imports increased by 1.1% year-on-year in June, marking the first positive growth this year, indicating a steady recovery in domestic demand [11]. - Major commodities like oil and coal dragged down imports, while integrated circuits and computers provided support, with integrated circuit imports accelerating to 11.5% [11]. - Imports from Japan surged by 10.8%, while imports from ASEAN saw a slight increase of 0.1%, with Indonesia and Thailand growing by 23.5% and 20.0%, respectively [13].

7月15日，远信转债盘中下跌2.0%报135.531元/张，成交额4428.06万元，转股溢价率9.6%。 资料显示，远信转债信用级别为"A"，债券期限6年（本次发行的可转债票面利率设定为:第一年0.50%、 第二年0.70%、第三年1.00%、第四年1.70%、第五年2.50%、第六年3.00%），对应正股名称为远信工 业，转股开始日为2025年2月24日，转股价22.95元。 可转换债券简称可转债，是一种可以在特定时间、按特定条件转换为普通股票的特殊企业债券，兼具债 权和股权的特征。一般而言，持有人可按照发行时约定的价格将债券转换成公司的普通股票的债券。如 果债券持有人不想转换，则可以继续持有债券，直到偿还期满时收取本金和利息，或者在流通市场出售 变现。 资料显示，远信工业股份有限公司是一家专业生产纺织机械、印染机械、机械配件的有限责任公司。公 司成立之初就瞄准国内中高端市场,依托专业技术团队和高端制造设备,创造远信品质、远信品牌,迅速成 为高端染整设备专业制造商。公司主导产品热风拉幅定型机在有效提高产品质量的同时实现了纺织行业 的节能降耗,具有很强的市场竞争实力;被认定为国家重点扶持高新技术企业、省重点 ...

国内市场综述 冲高回落 走势分化 周一（7 月 14 日）大盘冲高回落，走势分化。截至收 盘，上证综指收于 3519.65 点，上涨 0.27%；深成指 收于 10684.52 点，下跌 0.11%；科创 50 下跌 0.21%； 创业板指下跌 0.45%，万得全 A 成交额共 14809 亿元， 较前一日明显下降。 行业方面，30 个中信一级行业有 20 个行业上涨，其 中机械、石油石化、电力及公用事业涨幅居前，而综 合金融、房地产及传媒则跌幅较大。概念方面，PEEK 材料、宇树机器人及减速器等指数表现活跃。 海外市场综述 美国三大股指小幅收涨，纳指创历史新高 周一（7 月 14 日），美国三大股指小幅收涨，道指涨 0.2%，标普 500 指数涨 0.14%，纳指涨 0.27%。万得美 国科技七巨头指数跌 0.1%，苹果跌超 1%，英伟达跌 0.52%。中概股多数上涨，蔚来涨超 7%。 新闻精要 1. 《中共中央关于加强新时代审判工作的意见》发布 2. 央行公布上半年金融数据 3. 海关公布今年上半年我国货物贸易进出口数据 4. 李成钢国际贸易谈判代表兼副部长会见中国美国 商会会员企业代表团 5. 美国总统 ...

Core Points - As of July 14, the total margin financing and securities lending balance on the Beijing Stock Exchange reached 5.912 billion yuan, an increase of 8.4908 million yuan from the previous trading day [1] - The stocks with the highest margin financing balances include Jinbo Biological, Airong Software, and Better Energy, with balances of 361 million yuan, 175 million yuan, and 151 million yuan respectively [1] - A total of 130 stocks had net margin purchases on July 14, with 47 stocks having net purchases exceeding one million yuan, led by Hualing Co. with a net purchase of 5.7832 million yuan [1] Industry Summary - The industries with the most stocks receiving net margin purchases over one million yuan include machinery, power equipment, and computers, with 11, 8, and 8 stocks respectively [2] - On July 14, stocks with net margin purchases over one million yuan had an average increase of 0.79%, with notable gainers including Guoyi Tender, Wanda Bearings, and Fuheng New Materials, which rose by 18.33%, 7.36%, and 5.99% respectively [2] - The average turnover rate for stocks with net margin purchases over one million yuan was 6.04%, with the highest turnover rates seen in Benlang New Materials, Guoyi Tender, and Fuheng New Materials at 33.90%, 18.53%, and 17.63% respectively [2]

Core Points - The total margin financing balance of the ChiNext market reached 3685.68 billion yuan as of July 14, 2025, marking an increase of 30.20 billion yuan from the previous trading day, with the financing balance alone increasing by 30.28 billion yuan over six consecutive trading days, totaling an increase of 82.53 billion yuan during this period [1][2]. Financing Balance Changes - The margin financing balance increased for 560 stocks, with 80 stocks experiencing an increase of over 20%. The stock with the highest increase was Feili Hua, with a financing balance of 25.55 million yuan, reflecting a growth of 176.36%. Other notable increases were seen in Jingxue Energy and Fusa Technology, with increases of 131.06% and 125.46%, respectively [2][3]. - Conversely, 381 stocks saw a decrease in financing balance, with 59 stocks declining by more than 10%. The largest decrease was recorded by Yutian Guanjia, with a financing balance of 3.20 million yuan, down 34.60%. Other significant declines were noted in Baipusais and Yuma Technology, with decreases of 27.56% and 24.44%, respectively [2][3]. Market Performance - Among stocks with a financing balance increase of over 20%, the average increase was 8.61%, outperforming the ChiNext index. The top gainers included Tongguan Copper Foil, Shanghai Steel Union, and Pulian Software, with increases of 50.22%, 36.13%, and 34.39%, respectively. The largest declines were seen in Honggong Technology, Guibao Pet, and Hopu Co., with decreases of 16.02%, 15.83%, and 11.27% [5]. - In terms of total financing balance increase, Zhongji Xuchuang led with a balance of 7.096 billion yuan, increasing by 464 million yuan. Other significant increases were recorded by Xinyi Sheng, Shenghong Technology, and Changliang Technology, with increases of 406 million yuan, 402 million yuan, and 325 million yuan, respectively [5][6].

来源：科技日报 更严重的问题是检测的滞后性。"重症患者的血钠可能每分钟都在变化。"田震表示，开发一种无创、可 以动态观测血钠变化的检测方式极为重要。 新技术有望实现无创连续检测 基于这些临床痛点，团队创新性地采用了基于"水静音"的太赫兹光声技术，研发了新型太赫兹光声系 统。田震介绍，该系统为无创实时血钠监测提供了全新解决方案。 受访单位供图 ◎本报记者 陈 曦 通讯员 赵 晖 近日，天津大学科研团队开发了一种新型太赫兹光声系统，该系统首次实现无须抽血或标记即可实时监 测活体小鼠血钠水平，人体实验也证实了其临床应用潜力。相关成果日前发表在国际期刊《光学》上。 动态观测血钠浓度变化尤为重要 "钠离子是人体最重要的电解质之一，它参与调节水电解质平衡、能量代谢和细胞功能，对于机体免疫 与炎症调节具有多方面重要作用。"在天津大学实验室，论文通讯作者、天津大学精密仪器与光电子工 程学院光电子科学技术系教授田震向记者展示了血钠检测的重要性。他拿起一支采血管说，数据显示， 全球每年有300万—600万患者出现血钠紊乱，其中低钠血症患病率达15%—20%，高钠血症患病率为 9%，严重血钠失衡患者的死亡率高达40%—60%。 田 ...

金十数据7月15日讯，分主要行业看，2025年二季度，煤炭开采和洗选业产能利用率为69.3%，食品制 造业为69.1%，纺织业为77.8%，化学原料和化学制品制造业为71.9%，非金属矿物制品业为62.3%，黑 色金属冶炼和压延加工业为80.8%，有色金属冶炼和压延加工业为77.7%，通用设备制造业为78.3%，专 用设备制造业为76.5%，汽车制造业为71.3%，电气机械和器材制造业为73.5%，计算机、通信和其他电 子设备制造业为77.3%。 国家统计局：二季度汽车制造业产能利用率71.3% ...