Core Viewpoint - The Chinese embassy is accused of spreading doubts about the performance of the French-made Rafale fighter jet, allegedly to undermine its sales following the India-Pakistan conflict in May [1] Group 1 - The Chinese Foreign Ministry spokesperson, Mao Ning, stated that he was unaware of the situation regarding the allegations made by the French intelligence [1]

Core Insights - The U.S. military and Congress are accelerating the production of the B-21 stealth bomber, with a planned investment of $10.3 billion in fiscal year 2026 for development, manufacturing, and capacity enhancement [1] - The production rate for the B-21 is projected to be approximately 7 aircraft per year, with production potentially concluding in the mid-2030s based on a plan to purchase 100 aircraft [1] - The Trump administration's tax legislation provided a total of $4.5 billion to accelerate B-21 manufacturing capabilities, with $2.4 billion allocated for research and $2.1 billion for procurement [1] - An additional $3.4 billion has been requested by the U.S. Air Force for B-21 production, alongside $2.3 billion for research, development, testing, and evaluation [1] - It remains unclear whether Northrop Grumman can accelerate B-21 production at its Palmdale, California facility by simply increasing tools and workforce, or if a separate manufacturing base is required [1]

Core Viewpoint - Guizhou Hangyu Technology Development Co., Ltd. has signed a long-term supply agreement with an international commercial aircraft engine customer, involving an estimated total procurement amount of approximately $44.6 million (around 320 million RMB) for aircraft engine forgings from 2025 to 2029, which is expected to enhance the company's market competitiveness and ensure stable profitability [1][3]. Group 1: Agreement Details - The long-term supply agreement is a framework agreement based on long-term cooperation, with the overseas customer being a large international commercial aircraft engine manufacturer and a Fortune Global 500 company [2][3]. - The agreement was signed in July 2025 through a remote signing method, and it does not require approval from the board of directors or shareholders, nor does it constitute a related party transaction or a major asset restructuring [2][3]. - The agreement includes clear terms regarding product delivery, production management, and payment conditions to ensure the smooth execution of orders [3]. Group 2: Impact on the Company - The long-term supply agreement is expected to provide strong support for the company's future performance growth, positively impacting its market share and industry influence in the aircraft engine forging sector [3][4]. - By collaborating with a globally recognized customer, the company can ensure stable market demand for its core products, enhance its technological competitiveness, and drive business expansion and revenue growth [4].

Group 1 - The core index, the China Securities National New State-Owned Enterprise Technology Leading Index, experienced a slight decline of 0.22%, closing at 1262.6 points with a trading volume of 27.628 billion yuan [1] - Over the past month, the index has increased by 5.31%, while it has seen a 4.44% rise over the last three months, and a negligible decline of 0.01% year-to-date [1] - The index is customized by Guoxin Investment Co., Ltd., comprising 50 listed companies in sectors such as aerospace, defense, computer, electronics, semiconductors, and communication equipment [1] Group 2 - The top ten weighted stocks in the index include Hikvision (9.46%), AVIC Shenyang Aircraft (6.92%), AVIC Optoelectronics (6.58%), Changjiang Electronics (6.49%), and others [1] - The index's holdings are primarily listed on the Shanghai Stock Exchange (58.27%) and the Shenzhen Stock Exchange (41.73%) [1] - The industry composition of the index shows that information technology accounts for 49.75%, industrials for 39.66%, and communication services for 10.59% [2] Group 3 - The index samples are adjusted biannually, with adjustments occurring on the next trading day after the second Friday of June and December [2] - In special circumstances, the index may undergo temporary adjustments, such as when a sample company is delisted or undergoes mergers or acquisitions [2] - Public funds tracking the index include various funds from E Fund, Yinhua, and Southern Asset Management [2]

Group 1: Trade Negotiation Strategies - The U.S. is using "reciprocal tariffs" as a negotiation tool to encourage trade partners to increase purchases of American goods and enhance supply chain security[2] - Countries like India, Pakistan, and Switzerland are likely to reach trade agreements with the U.S., while the EU, Japan, and South Korea are still in negotiations[2][21] - The U.S. has clarified its demands in trade negotiations, which will be crucial for reaching agreements by the July 9 deadline[4] Group 2: Trade Deficits and Tariff Rates - The trade deficit with China stands at $295.40 billion, with a proposed reciprocal tariff rate of 34%[5] - The EU has a trade deficit of $235.57 billion, with a proposed tariff rate of 20%[5] - India has a trade deficit of $45.66 billion, with a proposed tariff rate of 26%[24] Group 3: Economic Objectives - The U.S. aims to reduce its trade deficit primarily by increasing exports of energy and agricultural products, which account for about 28% of total exports[8] - The Trump administration seeks to reduce overseas spending and has linked trade policies to military spending commitments from NATO allies[12][13] - Strengthening domestic manufacturing and supply chain resilience is a key goal, especially in critical sectors like semiconductors and medical supplies[16] Group 4: Risks and Uncertainties - The uncertainty surrounding "reciprocal tariffs" may decrease, but the Trump administration retains tools like Section 232 and Section 301 tariffs, indicating ongoing trade policy uncertainty[2][30] - Non-U.S. countries are showing a willingness to compromise to reach trade agreements, while those failing to negotiate may face higher tariffs[30]

航宇科技公告，公司近日与某国际商用航空发动机领域客户签署了长期供货协议。根据协议约定，某海 外客户将于2025年至2029年期间向公司采购总金额约4460万美元(约合3.2亿元人民币)的航空发动机锻件 产品。此次合作将有助于提升公司的市场竞争力，保障公司持续稳定盈利能力。 ...

智通财经7月3日电，越南据悉将斥资80亿美元购买波音飞机。 ...

Hong Kong Market Overview - The Hang Seng Index closed at 24,072, down 0.87% for the day but up 20% year-to-date[3] - The Hang Seng China Enterprises Index fell 0.96% to 8,678, with a year-to-date increase of 19.05%[3] - The Hang Seng Tech Index decreased by 0.72% to 5,303, showing an 18.68% rise for the year[3] - In June, the Hang Seng Index, China Enterprises Index, and Tech Index rose by 3.36%, 2.92%, and 2.56% respectively[10] US Market Performance - The Dow Jones Industrial Average increased by 0.91% to 44,495, with a year-to-date gain of 4.59%[3] - The S&P 500 Index fell by 0.11% to 6,198, up 5.38% year-to-date[3] - The Nasdaq Composite dropped 0.82% to 20,203, with a year-to-date increase of 4.62%[3] - Major tech stocks showed mixed results, with Nvidia down 2.97% and Apple up 1.29%[10] Sector Trends - In the US, all sectors except Technology, Communications, and Semiconductors saw gains, with Materials up 2.59% and Healthcare up 1.42%[10] - In Hong Kong, new consumption and stablecoin concepts gained traction, while gold and precious metal stocks faced declines[10] Notable Stock Movements - Xiaomi and NetEase rose over 1%, while Meituan and Alibaba fell over 2%[10] - In the US, Tesla dropped 5.34%, while Amazon and Berkshire Hathaway saw slight increases[10] - Chinese electric vehicle manufacturers showed varied performance, with Li Auto down 1.03% and XPeng up 2.13%[11]

Core Viewpoint - Suzhou Planning (301505) announced plans to acquire a controlling stake in Beijing Dongjin Aviation Technology Co., Ltd. through a combination of share issuance and cash payment, with related uncertainties leading to a stock suspension starting July 2, 2025 [1] Company Overview - Dongjin Aviation Technology, established in 2001 with a registered capital of 47.1 million yuan, specializes in communication, navigation, and surveillance systems for military, civil, and general aviation air traffic management [1][2] - The company has recently focused on projects related to the low-altitude economy and has previously been listed on the New Third Board, with plans to terminate its listing in August 2024 [1] Leadership and Background - Zhang Ning, a veteran in China's general aviation sector and a graduate of Tsinghua University, co-founded Dongjin Aviation and has played a significant role in developing domestic civil aviation communication and navigation equipment [1] - Although Zhang stepped down as chairman in January 2022, he continues to serve as a director and executive [1] Financial Performance - In 2021, Dongjin Aviation reported revenues of 54.84 million yuan but incurred a loss of 3.10 million yuan. In 2023, revenues increased to 55.63 million yuan, reflecting a year-on-year growth of 9.21%, while losses expanded to 7.43 million yuan, a 214.2% increase in losses compared to the previous year [1] Industry Position and Contributions - Dongjin Aviation has developed a diverse product line in military and civil aviation electronic equipment and has made contributions to low-altitude flight service support systems and drone regulatory platforms [2] - The company has been involved in significant national projects, including the construction of low-altitude airspace communication and monitoring systems in Hainan, and has played a key role in the development of the low-altitude flight service support system in China [2]

Core Viewpoint - Boeing has announced the replacement of its Chief Financial Officer (CFO), with Jesus "Jay" Malave, the former finance chief of Lockheed Martin, taking over from Brian West, who will leave the position on August 15 and continue as an advisor to CEO Kelly Ortberg [1] Group 1 - Boeing is changing its CFO to enhance financial leadership [1] - Jesus "Jay" Malave is appointed as the new CFO [1] - Brian West will remain as an advisor to the CEO after his departure [1]