Group 1: Deep Sea Technology and Situational Awareness - The report highlights the increasing focus on "Deep Sea Technology" due to the upcoming military parade on September 3, which will showcase new combat forces including unmanned systems and underwater equipment [2][8] - The core of "Deep Sea Technology" revolves around resource security, national defense construction, and blue economy, with situational awareness being a key component [2][9] - The challenges in situational awareness construction lie in underwater signal processing, which is deemed critical for effective underwater operations [9][10] Group 2: Huaren Microelectronics (华润微) - Huaren Microelectronics operates a fully integrated supply chain model, focusing on power semiconductors and smart sensors, with a recovery expected in the power semiconductor market [11][12] - The company has a significant market share in IGBT products, particularly in industrial and automotive applications, with plans to expand into new customer segments [11][12] - The report projects a steady increase in net profit for Huaren Microelectronics from 9.59 billion to 16.50 billion CNY from 2025 to 2027, with a corresponding PE ratio decline [13] Group 3: Zhongyuan Expressway (中原高速) - Zhongyuan Expressway focuses on the construction and operation of toll roads, with a projected revenue of 6.969 billion CNY in 2024, where toll income constitutes approximately 63.98% [15][16] - The company has a young asset structure with an average remaining toll collection period of 17.04 years, indicating potential for value reassessment [16][18] - The report anticipates net profits to grow from 10.02 billion to 11.50 billion CNY from 2025 to 2027, with a favorable PE ratio [18] Group 4: Dekang Agriculture (德康农牧) - Dekang Agriculture is transitioning from a traditional agricultural production company to a platform and technology-driven enterprise, aiming to create a "value symbiosis" ecosystem [5][22] - The company has demonstrated significant profitability advantages, with a projected average income of 770,000 CNY per modern pig farm in 2024, and a return on equity (ROE) of 48% [29][30] - The report forecasts Dekang's net profit to reach 36 billion CNY by 2027, with a PE ratio of 7.69, reflecting its strong growth potential in the agricultural sector [30]

近期，海洋经济政策利好频出，发展势头强劲。 6月26日，广东省召开全省海洋经济工作会议。作为全国海洋经济发展的"领头雁"，广东海洋生产总值已连续30年位居全国首位。2024年，广东海洋生产总 值突破2万亿元大关，约占全国海洋生产总值的1/5。在"十四五"规划收官之年，广东正以新质生产力重塑海洋经济版图——传统产业升级焕新，新兴产业集 群成势，更前瞻布局深海矿产、可燃冰开发、海水制氢等未来产业。 6月25日，《上海市海洋产业发展规划（2025—2035）（征求意见稿）》公开征求意见。根据总体布局，上海将进一步筑牢两大海洋产业发展核。打造长兴 岛海洋产业发展核和临港新片区海洋产业发展核。到2030年，船舶与海工装备产业增加值超450亿元，大型LNG运输船本土化率提升到85%以上，基本建成 原创技术策源和绿色智能引领的世界级船舶与海洋工程装备产业体系。 从"向海而生"到"向海图强" 海洋经济是拓展全球经济发展空间的必然选择。 根据经济合作与发展组织（OECD）发布的《2030年的海洋经济》报告，当前全球海洋经济产值已突破2.5万亿美元大关，预计至2030年，这一数字将攀升至 3万亿美元，届时海洋经济规模将可媲美全球 ...

Group 1: Marine Economy in Guangdong - Guangdong's marine economy is projected to exceed 2 trillion yuan in 2024, accounting for approximately 1/5 of the national total, marking 30 consecutive years of leading the country [1] - The province is accelerating the construction of 15 national-level marine ranches and maintains the largest scale in marine tourism [1] Group 2: Consumer Goods Recycling Policy - The National Development and Reform Commission will allocate the third batch of funds for consumer goods recycling in July, ensuring the policy is implemented smoothly throughout the year [1] Group 3: Banking Sector Adjustments - Major banks are phasing out medium- to long-term large-denomination certificates of deposit due to reduced interest rate advantages, reflecting a shift in cost control and liquidity management strategies [1] Group 4: Stock Market Trends - The A-share market is showing strength, with major indices rising and the brokerage sector experiencing a significant increase, suggesting a potential bull market [2] - The brokerage index surged by 5.52%, with a cumulative increase of 9.49% over three trading days, indicating strong market sentiment [2] Group 5: Gold Market Dynamics - Despite geopolitical tensions in the Middle East, gold prices have declined, suggesting that current prices have already factored in various influences, with potential for future upward momentum [2] Group 6: Short Drama Development in Online Literature - Leading online literature platforms are expanding their content ecosystems by incorporating short dramas, which are often based on popular web literature IPs, as a strategy to tap into new growth opportunities [3] Group 7: Concert Demand Surge - The demand for concert tickets in Beijing has surged, with many fans struggling to secure tickets for popular events, indicating a strong recovery in the live performance market [3]

截至2025年6月20日，中泰资管风险系统对各大资本市场的系统评分情况如下： 沪深300指数的中泰资管风险系统评分为45.39，较上月42.04有所上升，权益评分仍属中等偏低风险区间。 当前市场在政策支持与经济复苏预期的双重作用下，基本面和情绪回暖，但全球不确定性及内部结构分化 仍对整体风险水平形成制约，并带来情绪与预期的折返跑。 沪深300估值较上月有所上升（本月46.58，上月43.53）。虽然估值整体有所回升，行业间估值分化现象依 然延续。目前，28个申万一级行业中钢铁、房地产、商业、国防军工、计算机的行业估值高于历史60%分 位数；农林牧渔、食品饮料、非银金融等行业的估值低于历史10%分位数。市场整体估值的调整，反映了 市场对经济复苏节奏和企业盈利预期的重新评估。 市场预期分数较上月有所下滑（本月48.00，上月55.00）。宏观分析师认为经济仍待政策呵护。消费高速 增长，但持续性需要观察。一些分析师认为美国关税战带来的出口转弱的预期对民间制造业投资的意愿有 较大抑制。月度房地产投资持续下降，商品房销售下滑，也对市场预期带来较大的负面冲击。中美互降关 税的后续政策协同效应仍在评估中。 市场情绪较上月有 ...

金十图示：2025年06月26日（周四）富时中国A50指数成分股今日收盘行情一览：银行股午后上涨，普遍飘红，保险股维持跌势 保险 中国太保 队 中国人保 中国平安 ■ 3980.16亿市值 3621.10亿市值 10485.45亿市值 10.43亿成交额 28.89亿成交额 7.30亿成交额 57.58 37.64 9.00 -0.40(-1.05%) -0.30(-0.52%) -0.13(-1.42%) 酸酒行业 XD贵州茅 山西汾酒 五粮液 17838.01亿市值 2191.67亿市值 4647.45亿市值 19.97亿成交额 49.56亿成交额 10.69亿成交额 179.65 119.73 1420.00 +0.85(+0.48%) -0.45(-0.37%) +11.74(+0.83%) 半导体 北方华创 寒武纪-U 海光信息 HYGON 2340.72亿市值 2548.57亿市值 3294.75亿市值 14.13亿成交额 55.90亿成交额 42.74亿成交额 610.50 141.75 437.91 +3.76(+2.72%) -3.67(-0.83%) -0.61(-0.10%) 汽车整车 ...

Group 1 - The A-share market showed a decline, particularly in the consumer sector, with the Consumption ETF (159928) slightly down by 0.25% and a trading volume exceeding 1.5 billion CNY [1] - The Consumption ETF has seen a net subscription of 18 million units, marking the second consecutive day of capital inflow, with a total scale surpassing 12.1 billion CNY, leading its category [1] - On June 24, six departments jointly issued guidelines to support and expand consumption, proposing 19 key measures across six areas to enhance financial services in the consumption sector [1][3] Group 2 - Shenzhen's Commerce Bureau released measures to promote high-quality service consumption, focusing on digital service consumption and new business formats such as e-sports and social e-commerce [2] - As of June 25, the index components of the Consumption ETF showed mixed performance, with notable gains in stocks like Yanghe Distillery and slight increases in Kweichow Moutai and Yili [2] - Kweichow Moutai announced a cash dividend of 276.73 CNY per 10 shares, with a total distribution amounting to 34.67 billion CNY [2] Group 3 - Longcheng Securities commented on the guidelines, emphasizing the need to stabilize consumer expectations and enhance financial support for the real economy [3][4] - The guidelines also focus on increasing employment and income for residents, promoting financial products that meet household wealth management needs [4] - The guidelines encourage the development of personal pension products and commercial health insurance to enhance consumer willingness to spend [5] Group 4 - The white liquor sector is expected to see a gradual recovery, with current demand at historical lows but limited downside risk, supported by favorable policies [7] - Guotai Junan Securities noted improvements in sentiment within the white liquor sector, driven by better-than-expected retail consumption data [8] - The Consumption ETF's top ten component stocks account for over 68% of its weight, with leading liquor stocks comprising 31% and major agricultural stocks 14% [9]

农产品日报 | 2025-06-26 二育滚动入场，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14000元/吨，较前交易日变动+60.00元/吨，幅度+0.43%。现货方面，河南地区 外三元生猪价格14.74元/公斤，较前交易日变动+0.04元/公斤，现货基差 LH09+740，较前交易日变动-20；江苏地 区外三元生猪价格 15.01元/公斤，较前交易日变动+0.06元/公斤，现货基差LH09+1010，较前交易日变动+0；四川 地区外三元生猪价格13.67元/公斤，较前交易日变动-0.08元/公斤，现货基差LH09-330，较前交易日变动-140。 据农业农村部监测，6月25日"农产品批发价格200指数"为112.57，比昨天下降0.15个点，"菜篮子"产品批发价格指 数为112.57，比昨天下降0.17个点。全国农产品批发市场猪肉平均价格为20.22元/公斤，比昨天下降0.3%；牛肉63.58 元/公斤，比昨天下降0.2%；羊肉59.67元/公斤，与昨天持平；鸡蛋7.29元/公斤，比昨天下降0.5%；白条鸡16.99元/ 公斤，比昨天下降1.0%。 市场分析 综合来 ...

金十图示：2025年06月26日（周四）富时中国A50指数成分股午盘收盘行情一览：成分股走势分化，保险、证券行业全线下跌 富时中国A50指数连续 保险 中国太保 队 中国人保 中国平安 ■ 3984.58亿市值 3628.79亿市值 10483.63亿市值 5.25亿成交额 18.20亿成交额 4.46亿成交额 37.72 57.57 9.01 -0.32(-0.84%) -0.31(-0.54%) -0.12(-1.31%) 酸酒行业 XD贵州茅 山西汾酒 五粮液 17878.33亿市值 2183.49亿市值 4663.36亿市值 10.48亿成交额 29.47亿成交额 6.01亿成交额 1423.21 178.98 120.14 +14.95(+1.06%) -0.04(-0.03%) +0.18(+0.10%) 半导体 北方华创 寒武纪-U 海光信息 HYGON 2352.21亿市值 2597.33亿市值 3337.98亿市值 41.30亿成交额 32.58亿成交额 8.57亿成交额 143.61 440.06 622.18 -1.52(-0.34%) +11.07(+1.81%) +5.62(+4.0 ...

提升品质 造就"中国名猪" 为保障陆川猪肉产品稳定性，提升市场认可度，近年来，玉林市、县两级市场监管部门联合有关部门， 深入陆川猪养殖农户及养殖企业调研，收集相关资料并论证行业标准指标，综合考虑陆川县地方风土人 情、资源禀赋，持续挖掘各类特色农业资源发展空间，编制《陆川猪行业标准》《陆川猪养殖地方标准 （试行）》《"陆川猪"地理标志证明商标使用管理规则》等。2022年，陆川猪被农业农村部列入全国农 业品牌精品培育计划，是被列入的全国三大名猪之一。 为充分发挥陆川猪的品种优势，陆川县采取"公司﹢科研机构﹢农户"合作模式，邀请专家团队为养殖户 提供技术培训，推广科学化养殖方式。目前，该县养殖场（户）总量达到8464家，其中规模化养殖场 249家，陆川猪产业已成为当地畜牧业经济的支柱产业。 提升品牌 猪肉香飘世界 "我们高度重视陆川猪产业发展，不断深挖陆川猪品牌价值，持续推动陆川猪走出陆川，走向世界。"据 陆川县市场监管局相关负责人介绍，2023年6月，"在陆川猪（纯中文）"地理标志证明商标与"陆川猪 （图文组合）"地理标志证明商标成功注册后，该局于2024年10月成立陆川猪产业园商标品牌指导站， 持续推动陆川猪从 ...

Core Viewpoint - The article highlights the cultural richness and historical significance of Chayouqi, Inner Mongolia, emphasizing the efforts in preserving and innovating local culture, particularly red culture and poetry, to enhance community spirit and tourism development [1][3][4]. Group 1: Cultural Heritage and Red Culture - Chayouqi is recognized as an important birthplace of northern frontier culture, with a deep historical and cultural background that showcases unique humanistic charm and vitality [1]. - The region has a significant red revolutionary history, with notable figures like Ji Songling contributing to the anti-Japanese efforts during the war, embodying the patriotic spirit of the local people [1][3]. - Recent initiatives focus on protecting and transmitting red culture through the collection and compilation of revolutionary historical materials, enriching the cultural narrative of the area [3][4]. Group 2: Cultural Innovation and Community Engagement - Since the 18th National Congress, there has been a strong emphasis on cultural development, leading to the establishment of a poetry association in 2016, which has engaged over 40 poetry enthusiasts in community activities [4][6]. - The construction of a 100-meter poetry culture wall in Nancun village aims to expand the influence of poetry culture, integrating various art forms and enhancing local cultural tourism [6]. Group 3: Integration of Culture and Tourism - The Inner Mongolia Jingxi Agricultural Technology Development Company is developing a cultural tourism landmark that combines agriculture, tourism, and entertainment, showcasing the region's cultural heritage [8]. - The Jingxi Bull Village is set to launch a summer carnival project in 2024, blending traditional Mongolian festivities with modern urban cultural elements, attracting a diverse audience [8][9]. - The region aims to deepen the integration of culture and tourism, continuously innovating cultural development models to draw more visitors and showcase the unique charm of Chayouqi [9].