7月9日沪指下跌0.13%，盘后龙虎榜数据显示，机构现身25只个股龙虎榜，净买入15只，净卖出10只。 深沪股通席位出现在15只个股龙虎榜。 证券时报·数据宝统计显示，7月9日机构专用席位现身25只个股龙虎榜，合计净买入2820.34万元。个股 来看，净买入15只，净卖出10只。 机构龙虎榜净买卖个股 机构专用席位净买入金额最多的是大东南，该股今日收盘上涨0.44%，全天换手率为40.50%，成交额为 35.48亿元。因日换手率达40.50%上榜龙虎榜，前五大买卖营业部中有2家机构专用席位，为买二、买 五，合计净买入5182.47万元。同时上榜的还有深股通专用席位，净卖出928.55万元，营业部席位合计净 卖出7452.00万元。资金流向方面，该股全天资金净流出5.23亿元。 大智慧，今日收盘涨停，全天换手率为5.36%，成交额为14.96亿元。因日涨幅偏离值达10.17%上榜龙虎 榜，前五大买卖营业部中有1家机构专用席位，为买二，合计净买入4863.18万元。同时上榜的还有沪股 通专用席位，净买入1234.97万元，营业部席位合计净买入1.36亿元。资金流向方面，该股全天资金净流 入1.87亿元。 日久光电 ...

Group 1 - The A-share market is entering a dense period of semi-annual performance forecasts, with over 120 listed companies having released their forecasts, and nearly 80% of these companies are expected to see profit increases, slight increases, continued earnings, or turnaround in losses [1][2] - Companies with core technologies, brand advantages, and global layouts are expected to continue leading the market and create excess returns for investors in the context of a stable and improving macroeconomic environment [1] Group 2 - Northern Rare Earth and Xianda Co. are among the companies expecting significant profit increases, with Northern Rare Earth forecasting a net profit of 900 million to 960 million yuan for the first half of 2025, representing a year-on-year increase of 1882.54% to 2014.71% [2][4] - Xianda Co. anticipates a net profit of 130 million to 150 million yuan for the first half of 2025, marking an increase of 2443.43% to 2834.73% compared to the same period last year [5] Group 3 - Muyuan Foods expects a net profit of 10.5 billion to 11 billion yuan for the first half of 2025, reflecting a year-on-year increase of 924.6% to 973.39% [6] - Other companies like Youfa Group and Yonghe Shares also expect to achieve doubled profits in the first half of the year [6] Group 4 - Nearly 80% of the companies that have released performance forecasts are expected to see profit increases, with Huayin Power being the "profit increase king," forecasting a net profit of 180 million to 220 million yuan, a year-on-year increase of 3600.7% to 4423.07% [7][10] - Several companies, including Deep Shenzhen A and Xianggang Technology, are also expected to achieve doubled growth in their performance for the first half of the year [9] Group 5 - Industrial Fulian expects a net profit of 11.958 billion to 12.158 billion yuan for the first half of 2025, representing a year-on-year increase of 36.84% to 39.12%, driven by rapid growth in its cloud computing business [11][12] - The company has seen significant growth in AI server revenue, which increased by over 60% compared to the same period last year, and its market share among major clients continues to rise [11][12]

1. 美国三大股指期货齐涨，纳指期货涨0.2%，标普500指数期货涨0.25%，道指期货涨0.29%。 2. 欧股主要指数集体上涨，德国DAX指数涨1.27%，英国富时100指数涨0.21%，法国CAC指数涨 1.29%，欧洲斯托克50指数涨1.16%。 3. 美国总统特朗普拟对进口铜加征50%关税，药品关税可能高达200%。 4. 苹果迎来重大人事变动，首席运营官Williams将于本月卸任并于今年晚些时候退休。 5. 特斯拉大多头、韦德布什分析师丹·艾夫斯呼吁限制马斯克参与政治，后者回怼：闭嘴。 6. 亚马逊创办人兼主席贝索斯上周再出售亚马逊股份，套现逾6.6亿美元。 7. 机构：亚马逊Prime Day会员日活动开始首四个小时销售额同比下降近14%。 8. Meta向EssilorLuxottica投资35亿美元，推进AI眼镜战略。 9. 波音6月交付60架飞机，同比增长27%，创2023年12月以来新高。 10. 英特尔将在俄勒冈州裁员500多人，进一步推进裁员计划。 11. 阿里巴巴完成私募发行本金总额为120.23亿港元、2032年到期的零息可交换债券。 12. 美国联邦贸委会敦促亚马逊和沃尔玛打 ...

证券研究报告 | 固定收益点评 gszqdatemark 2025 07 09 年 月 日 固定收益点评 金价和油价驱动 CPI 上涨 CPI 同比由跌转升、环比降幅收窄，核心 CPI 同比涨幅继续扩大，PPI 同 比降幅扩大、环比降幅不变。6 月 CPI 同比增长 0.1%，较上月增长 0.2 个 百分点，其中翘尾和新涨价分别影响 0%和 0.1%；环比下降 0.1%，降幅 收窄 0.1 个百分点。核心 CPI 同比增长 0.7%，增幅增加 0.1 个百分点， 环比延续持平。PPI 同比下降 3.6%，较上月降幅扩大 0.3 个百分点，其中 翘尾和新涨价的影响分别为-1.59%和-2.0%，环比降幅与上月同为 0.6%。 核心 CPI 同比涨幅扩大可能仍然主要来自黄金价格上涨支撑。6 月核心 CPI 同比涨幅继续扩大 0.1 个百分点，其中其他用品和服务分项增长明显， 6 月同比增长 8.1%，较上月增幅扩大 0.8 个百分点，显著高于 CPI 中其 他分项和 CPI 整体增速。其它用品和服务持续高速增长可能继续受到黄金 价格上涨支撑，6 月国内黄金期货价格同比增长 41.3%。按照居民消费结 构测算 20 ...

[工业] 现代产业体系加速构建 1-5月，肇庆全市规模以上工业增加值同比增长4.4%，与1-4月持平。分三大门类看，制造业、电力热力 燃气及水生产和供应分别增长4.5%、5.2%；采矿业下降22.7%。从主要行业看，计算机通信和其他电子 设备制造业、电气机械和器材制造业、汽车制造业发挥支撑作用，分别增长15.1%、28.2%、15.0%，拉 动全市规上工业增加值增长1.39、1.36、0.92个百分点。现代产业方面，先进制造业增长17.7%、装备制 造业增长21.6%、先进装备制造业增长33.7%。 [投资] 基础设施投资快速增长 1-5月，全市固定资产投资同比下降7.8%。分领域看，基础设施投资增长17.4%；建安工程投资持平；工 业投资下降10.3%；房地产开发投资下降42.3%。 商品房销售面积79.60万平方米，同比下降34.1%；销售额45.52亿元，下降35.1%。 南都讯 记者蔡雯 日前，南都记者从肇庆市统计局获悉，1-5月，全市经济运行基本面稳定，部分行业展 现增长活力。其中，肇庆市进出口继续保持高速增长，外贸进出口总值169.4亿元人民币，比上年同期 增长15.5%。其中，出口121.3亿元 ...

央广网北京7月9日消息（记者 樊瑞）7月9日，国家统计局发布最新数据显示，6月份，扩内需、促消费 政策持续显效，居民消费价格指数（CPI）同比由上月下降转为上涨0.1%；环比下降0.1%，降幅比上月 收窄0.1个百分点；扣除食品和能源价格的核心CPI同比继续回升，上涨0.7%。 工业生产者出厂价格指数（PPI）环比下降0.4%，降幅与上月相同，同比下降3.6%，降幅比上月扩大0.3 个百分点。 冯琳也表示，上半年CPI累计同比为-0.1%，处于偏低水平，表明当前国内物价水平稳中偏弱，其中消费 需求不足是主要原因。这为下半年货币政策继续降息、财政政策持续加力促消费扩投资提供了充分的政 策空间。 6月PPI环比跌幅与上月持平 PPI环比下降0.4%，降幅与上月相同。 董莉娟表示，影响PPI环比下降的主要原因有三：一是国内部分原材料制造业价格季节性下行。夏季高 温雨水天气增多，影响部分房地产、基建项目施工进度，叠加钢材、水泥等供给相对充足，黑色金属冶 炼和压延加工业价格下降1.8%，非金属矿物制品业价格下降1.4%，合计影响PPI环比下降约0.18个百分 点。 二是绿电增加带动能源价格下降。夏季到来，西北地区太阳能 ...

Core Insights - Lenovo has been recognized as one of the "Best Managed Companies" in China for the second consecutive year due to its forward-looking layout in the AI field, leading practical applications, and excellent operations [1][4] - The BMC program, initiated by Deloitte, has been active for 32 years and evaluates companies based on their leadership in niche markets, strategic foresight, and advanced core product technologies [2] - Lenovo's AI initiatives have not only driven sustainable growth for its own business but have also assisted over a million Chinese enterprises in their digital transformation [2] AI Development and Innovations - Lenovo has launched several super intelligent agents, including the Tianxi personal super intelligent agent and the Lenovo Lexiang enterprise super intelligent agent, which focus on enhancing human-machine interaction [2] - The Lenovo Lexiang super intelligent agent has shown significant performance improvements, with a 270% increase in weekly active customers and a 30% increase in order conversion rates since its launch [3] - Lenovo is collaborating with cities like Wuyishan, Yichang, and Hongkou to implement a hybrid governance model that combines silicon-based intelligence with human wisdom, advancing smart city initiatives [3] Long-term AI Strategy - Lenovo's leadership in the AI sector is the result of an eight-year commitment to building a robust AI foundation, starting with the vision of "Lenovo Smart China" in 2017 [5] - The company has evolved its smart IT engine from version 1.0 to 4.0, focusing on AI-driven products, solutions, and services for both personal and enterprise intelligence [5] - Lenovo stands out as one of the few providers in China that offers dual-track international and domestic technology in AI infrastructure, with significant competitive advantages in heterogeneous computing management, liquid cooling, and services [5] Future Outlook - The AI industry in China is transitioning from rapid development to a growth phase, with Lenovo embarking on a new decade focused on accelerating the intelligent transformation of China through hybrid AI solutions [7]

来源： 国家统计局官网 2025 年 6 月份 CPI 同比由降转涨 核心 CPI 继续回升 ——国家统计局城市司首席统计师董莉娟解读 2025 年 6 月份 CPI 和 PPI 数据 6 月份，扩内需、促消费政策持续显效，居民消费价格指数（ CPI ）同比由上月下降转为上 涨 0.1% ；环比下降 0.1% ，降幅比上月收窄 0.1 个百分点；扣除食品和能源价格的核心 CPI 同比继续回升，上涨 0.7% 。工业生产者出厂价格指数（ PPI ）环比下降 0.4% ，降幅 与上月相同，同比下降 3.6% ，降幅比上月扩大 0.3 个百分点。 一、 CPI 同比由降转涨，核心 CPI 继续回升 CPI 同比上涨 0.1% ，为连续下降 4 个月后转涨。 CPI 由降转涨主要受工业消费品价格有所 回升影响。 工业消费品价格同比降幅由上月的 1.0% 收窄至 0.5% ，对 CPI 同比的下拉影 响比上月减少约 0.18 个百分点。其中，油价变动影响能源价格降幅比上月收窄 1.0 个百分 点，对 CPI 同比的下拉影响比上月减少约 0.08 个百分点；受国际大宗商品价格变动影响， 金饰品和铂金饰品价格同比分别上涨 ...

Group 1 - The Air Force Logistics Department has suspended Sichuan Jiuzhou Electric Group Co., Ltd. from participating in all military procurement activities due to serious violations, effective from July 8, 2025 [1] - The company is accused of collusion in bidding for military procurement projects, violating relevant laws and principles of fair competition [1] - The decision is based on the "Regulations on the Procurement Management of Military Materials and Engineering Services" and directly involves the company's legal representative and authorized representatives [1] Group 2 - Sichuan Jiuzhou Electric Group Co., Ltd. is located in Mianyang, Sichuan Province, established in 1958, and is a key enterprise in radar systems and air traffic control systems [3] - The company engages in the development, manufacturing, and service of various high-tech products, including digital TV equipment, broadband networks, and satellite navigation systems [3] - It occupies approximately 1.35 million square meters, with total assets of 16.552 billion yuan and net assets of 4.8 billion yuan, employing over 15,000 staff [3]

沪指站上3500点。 A股市场今天（7月9日）上午整体上行，主要指数盘中不同程度上涨，其中上证指数时隔8个月重返3500点，引起市场 广泛关注。 港股市场上午整体走低，恒生指数盘中跌破24000点整数关口。 国内期货市场方面，多晶硅期货主力合约暴涨，盘中涨幅一度超过6%。 沪指时隔8个月重返3500点 A股市场今天上午整体上行，主要指数盘中不同程度上涨。 上证指数盘中突破3500点，盘中最高至3512.67点，这是时隔8个月上证指数重新回到3500点之上，上一次上证指数盘 中在3500点之上还是2024年11月8日，当天盘中上证指数最高至3509.82点。 创业板指数进一步上行，盘中涨超1%，突破2200点整数关口。 恒生指数成份股中，恒基地产、网易-S、紫金矿业等领跌，中国生物制药、翰森制药等股票则涨幅居前。 港股市场大幅波动的个股中， 丘钛科技上午震荡走强，截至发稿，盘中涨幅一度超过12%。 消息面上，丘钛科技披露的2025年6月主营产品销售数据显示，摄像头模组销售合计3434.8万件，环比增长1.3%，同比 增长4.1%。其中，手机摄像头模组销售3264.8万件，环比增长0.8%，同比增长1.5%。指纹 ...