Performance Forecast - The company expects a net profit of approximately 270 million to 290 million yuan for the period from January 1, 2025, to June 30, 2025, representing a year-on-year increase of 46.68% to 57.55% compared to 184.07 million yuan in the same period last year [1][2] - The expected net profit after deducting non-recurring gains is projected to be between 175 million and 195 million yuan, reflecting a year-on-year growth of 2% to 13.66% compared to 171.57 million yuan last year [1][2] - The basic earnings per share are anticipated to be between 0.21 yuan and 0.22 yuan, up from 0.14 yuan per share in the previous year [1] Reasons for Performance Change - The company has been continuously promoting cost reduction and efficiency enhancement, leading to improved management and production efficiency [1] - In the first half of 2025, the company reduced its holdings in most of its shares of Zhejiang University Net New Technology Co., Ltd., which contributed approximately 100 million yuan to the net profit, classified as non-recurring gains [2]

长华控股集团股份有限公司 章程 目 录 第一章 总则 第一条 为维护公司、股东和债权人的合法权益，规范公司的组织和行为，根据 《中华人民共和国公司法》（以下简称《公司法》）、《中华人民共和国证券 法》（以下简称《证券法》）和其他有关规定，制订本章程。 第二条 长华控股集团股份有限公司(以下简称"公司")系依照公司法和其他有 关规定成立的股份有限公司，公司发起设立，在宁波市市场监督管理局注册登 记，取得营业执照，统一社会信用代码为 91330282144780309G。 第三条 公司于 2020 年 9 月 4 日经中国证券监督管理委员会核准，首次向社会 公众发行人民币普通股 4,168 万股，于 2020 年 9 月 29 日在上海证券交易所上 市。 第四条 公司中文注册名称：长华控股集团股份有限公司。 第五条 公司住所：浙江省慈溪市周巷镇环城北路 707 号（一照多址），邮编 第六条 公司注册资本为人民币 470,065,793 元。 第七条 公司为永久存续的股份有限公司。 第八条 董事长为公司的法定代表人。 第九条 公司全部资产分为等额股份，股东以其认购的股份为限对公司承担责 任，公司以其全部资产对公司的 ...

雷迪克：2025年半年度归属于上市公司股东的净利润预计为8253.2万元-9313.85万元，同比增长40.48% —58.53%。 ...

Investment Rating - The report gives a "Buy" rating for the company, marking its first coverage [3]. Core Viewpoints - The company is a leading player in the automotive lighting control sector, with a solid foundation and strong product expansion capabilities. It has diversified into four major business areas: lighting control, motor control, energy management, and automotive electronics [1][14]. - The company is expected to achieve a revenue of 6 billion yuan in 2024, representing a 29% year-on-year increase, and a net profit of 770 million yuan, reflecting a 27% increase [1][3]. - The company is expanding its client base, which includes major global automotive manufacturers such as Volkswagen, Daimler, BMW, and Ford, enhancing its market position [1][2]. Summary by Sections 1. Company Overview - The company has established itself as a global leader in automotive lighting control, continuously expanding its business boundaries since its inception in 2003 [14]. - It has developed a range of products including LED lighting controllers, atmosphere lights, and motor control systems, integrating into the global high-end automotive electronic supply chain [14][18]. 2. Lighting Control Business - The lighting control segment is robust, with the company supplying major automotive manufacturers and maintaining strong customer loyalty [2][18]. - The company is actively developing new products, including next-generation headlight controllers for Volkswagen and BMW, which are expected to ramp up production in 2025-2026 [2]. 3. New Product Development - The company is expanding into domain controllers and Efuse products, which are expected to drive a second growth curve as the automotive E/E architecture shifts from distributed to centralized systems [3][4]. - The domain control products are projected to account for 86% of the energy management system revenue by 2024 [3][18]. 4. Financial Projections - The company forecasts net profits of 1 billion yuan in 2025, 1.3 billion yuan in 2026, and 1.5 billion yuan in 2027, with corresponding growth rates of 30%, 26%, and 22% [3][5]. - The projected P/E ratios for 2025, 2026, and 2027 are 22x, 18x, and 15x respectively, indicating a favorable valuation outlook [3][5]. 5. Market Position and Client Base - The company has a strong client base that includes both domestic and international automotive manufacturers, positioning it well for future growth [18][19]. - It has become a tier-one supplier for several major automotive brands, enhancing its competitive advantage in the market [18][19].

Group 1 - The stock of Shangsheng Electronics (688533) has a comprehensive score of 52.80, indicating a strong performance [1] - The main cost analysis shows that the current main cost is 26.38 CNY, with a 5-day main cost of 26.77 CNY and a 20-day main cost of 26.04 CNY [1] - Over the past year, the stock has experienced one drop limit and no rise limit [1] Group 2 - The short-term pressure level is at 27.35 CNY, while the short-term support level is at 26.40 CNY [2] - The stock price has broken below the short-term support level, suggesting a cautious approach in the short term [2] - On July 9, 2025, the net outflow of main funds was 568.73 million CNY, accounting for 15% of the total transaction amount [2]

个股方面，比亚迪概念股豪森智能（688529）"20CM"涨停；新型城镇化概念龙头股新城市"20CM"涨 停、国义招标"30CM"涨停； 工商银行、邮储银行、农业银行等5只银行股盘中均创历史新高。 部分比亚迪概念股异动 今天，A股市场冲高回落，上证指数上午盘中创阶段新高。午后，随着热点板块轮动回落，上证指数、 深证成指 双双翻绿，临近尾盘，创业板指小幅震荡上涨。 截至收盘，上证指数跌0.13%，深证成指跌0.06%，创业板指涨0.16%，市场全天成交额约1.53万亿元， 较上一交易日增加528亿元。 | 上证指数 | 深证成指 | 创业板指 | | --- | --- | --- | | 3493.05 | 10581.80 | 2184.67 | | -4.43 -0.13% | -6.59 -0.06% | +3.59 +0.16% | 板块题材上，影视院线、多元金融、互联网电商、银行、减肥药概念股涨幅居前；中船系、有色金属、 存储芯片、稀土永磁板块跌幅居前。 午 后，部分比亚迪概念股大涨。东方财富数据显示，临近尾盘，受利好消息刺激，在14:24至 14:27， 豪森智能3分钟直线拉升至"20CM"涨停。 ...

从指数持仓来看，中证中国内地企业全球可选消费综合指数十大权重分别为：阿里巴巴（18.38%）、 美团-W（6.71%）、拼多多（6.5%）、比亚迪股份（4.13%）、美的集团（3.61%）、京东（3.36%）、 比亚迪（3.01%）、携程网（2.91%）、格力电器（2.1%）、泡泡玛特（1.93%）。 金融界7月9日消息，A股三大指数收盘涨跌不一，中证中国内地企业全球可选消费综合指数(CN可选综 合，H30378)报4944.28点。 从中证中国内地企业全球可选消费综合指数持仓的市场板块来看，深圳证券交易所占比23.30%、纽约 证券交易所占比23.12%、香港证券交易所占比21.33%、上海证券交易所占比16.32%、纳斯达克全球精 选市场证券交易所(Consolidated Issue)占比15.52%、纳斯达克股票市场证券交易所(Consolidated Large Cap)占比0.21%、北京证券交易所占比0.15%、纳斯达克证券交易所(Consolidated Capital Market)占比 0.05%。 数据统计显示，中证中国内地企业全球可选消费综合指数近一个月下跌3.24%，近三个月上涨8. ...

2025.07. 09 本文字数：2849，阅读时长大约5分钟 作者 | 第一财经 后歆桐 即使美国总统特朗普的贸易政策反复无常、扰动全球市场，但全球股市今年仍表现强劲。 截至7月4日，MSCI全球指数上涨了约10%，创历史高位。该指数衡量全球来自发达经济体和新兴经济体 的2500多只股票的整体表现。 华侨银行投资策略董事总经理蒙农（Vasu Menon）表示，尽管今年上半年出现了一系列逆风因素，但全 球股市显示出韧性。"由于各种不确定性因素仍存，预计下半年股票波动性仍将存在。但同时，预计全球 股市在下半年仍将表现良好，尤其是如果对贸易、关税和通胀的担忧在未来几个月有所缓解的话。" 欧洲复兴 根据晨星（Morningstar）的数据，欧洲股市成为2025年的"意外之星"，希腊、波兰、捷克共和国、匈 牙利股指今年迄今的涨幅，居全球前四。西班牙、葡萄牙、奥地利和意大利股指涨幅也居前十，欧洲股指 在前十位中占据八位，排名最后的意大利涨幅也达到37.71%。相比之下，美股虽然近期又创新高，但在 全球投资者对美元资产整体信心动摇下，美股上半年涨幅仅为7.36%。 晨星EMEA首席股票市场策略师弗尔德（Michael F ...

Group 1 - Japan's actual GDP is estimated to decrease by 0.2% with a 10% reciprocal tariff and by 0.4% if the tariff increases to 25% [2][5] - The export value of Japan in 2024 is projected to be 107.0879 trillion yen, with exports to the US amounting to 21.2947 trillion yen, representing about 20% of total exports [2] - The total export value of aircraft parts, including those exported to the US, is 307.9 billion yen, with 76.5% of this amount going to the US [4] Group 2 - The export ratio of construction and mining machinery to the US exceeds 50%, with Komatsu's sales in North America accounting for 30% of its total sales [5] - The machine tool and metal processing machinery export ratio to the US is 23.4%, with US orders making up about 20% of total orders for Japanese manufacturers [5] - The Japan Economic Federation expressed concerns that the new tariff rates would have a significant impact on Japanese companies' investment strategies and profitability [5] Group 3 - The Imperial Credit Corporation predicted a 5% increase in domestic bankruptcies in Japan for the fiscal year 2025, reaching 10,574 cases, if tariffs rise to 24% [6] - The chief researcher at the Imperial Credit Corporation indicated that if tariffs increase to 25%, the number of bankrupt companies is likely to rise further [6]

Global Market Performance - Despite the unpredictable trade policies of the Trump administration, global stock markets have shown resilience, with the MSCI global index rising approximately 10% as of July 4, reaching a historical high [1] - The second half of the year is expected to see continued volatility in stock markets, but a positive performance is anticipated if concerns over trade, tariffs, and inflation ease [1] European Market Highlights - European stock markets have emerged as "unexpected stars" for 2025, with Greece, Poland, the Czech Republic, and Hungary leading global gains [3] - Greece's stock index has surged nearly 60% this year, driven by economic recovery, banking reforms, and a strong tourism sector [3] - The overall positive performance in Europe is attributed to the "sell America" movement, improved economic conditions, and undervaluation of European stocks [3] Investment Strategies in Europe - European defense stocks are expected to provide substantial returns, supported by increased investment and defense spending commitments from Germany [4] - The European Central Bank has more room to cut interest rates compared to the Federal Reserve, which may further support economic growth [4] - The strengthening euro is anticipated to enhance economic momentum in Europe, making it an increasingly attractive investment destination [5] Asia-Pacific Market Overview - The Asia-Pacific stock indices have shown mixed performance, with South Korea's index ranking first in the region, up over 30% this year [5] - Thailand and Indonesia have underperformed, with declines of 13.56% and 4.74% respectively, while China and Japan recorded gains of 17.72% and 11.24% [5] - The outlook for Asian markets remains optimistic, with expectations of stable economic conditions and attractive valuations compared to developed markets [7] Sector Focus in Asia - Key sectors expected to drive growth in Asia include artificial intelligence, innovation, digital infrastructure, and local consumption [7] - The Chinese and South Korean markets are poised to benefit from advancements in technology and the expansion of the AI industry [7] - The Indian market is expected to see growth driven by manufacturing and consumption, supported by a young population [7] Underperforming Markets - Thailand's stock market has faced significant challenges due to political instability and economic difficulties, leading to a decline of over 13% [8] - Turkey's market has also struggled, with a drop of 7.59% attributed to high inflation and a lack of investor confidence [9] - India's stock market has underperformed with a gain of only 5.75%, but future earnings recovery is anticipated [9]