男生普通话版 下载mp3 女声普通话版 下载mp3 粤语版 下载mp3 西南方言版 下载mp3 东北话版 下载mp3 上海话版 下载mp3 今日优选 非农数据意外好于预期，交易员不再押注美联储7月降息，9月降息概率也下降 美国财长贝森特：预计约有100个国家将获得至少10%的对等关税 特朗普最早将于当地时间周五发函告知贸易伙伴单方面关税税率 美国"大而美"法案在两名共和党议员反水的情况下获众议院通过 特朗普与普京通话，讨论中东局势、俄乌谈判等 据悉美国中东问题特使威特科夫计划下周会见伊朗外长，重启核谈判 据与会代表透露，欧佩克+讨论8月增产41.1万桶/日 外交部部长王毅表态：稀土不会成为中欧之间的问题 工信部召开第十五次制造业企业座谈会，强调依法依规、综合治理光伏行业低价无序竞争 美国取消全球三大芯片设计软件供应商对华出口限制 市场盘点 | 07月03日收盘情况 | | | | --- | --- | --- | | 品种 | 报价 | 涨跌幅 | | 现货黄金 | 3325.50美元/盎司 | -0.94% | | 现货自银 | 36.82美元/盎司 | 0.78% | | WTI原油 (1) | 66. ...

先说消费电子这波爆发，那真是天时地利人和。商务部年初搞的消费电子补贴政策现在开始显威力了，买手机、平板这些都能直接打折，老百姓兜里的钱可 算有地方花了。再加上AI技术突突突往前跑，手机、电脑都在往智能终端升级，连CES展会上都摆满了AI眼镜、AI机器人这些新鲜玩意儿。就拿水晶光电来 说，人家给北美大客户手机摄像头标配的滤光片，直接打开了一个超大的存量市场，机构最近扎堆去调研，业绩自然蹭蹭往上窜。不过咱得明白，这波行情 里既有政策红利，也有技术迭代的推动，短期涨得猛，但长期还得看公司能不能把技术转化成实实在在的利润。 最后说说军工板块的调整，中船应急直接大跌10%，这让不少朋友摸不着头脑。其实这波下跌和市场轮动有很大关系，军工之前跟着政策炒了一波，现在资 金开始往消费电子、AI这些更有确定性的板块转移。不过军工的长期逻辑还在，国防现代化是大趋势，等这波调整完，那些有订单、有技术的龙头公司说 不定又会冒出来。咱做中长线的，就得有这种耐心，别被短期波动晃了神。 总的来说，今儿这市场虽然热闹，但咱得把眼光放长远。消费电子和AI硬件的爆发是政策和技术共振的结果，但也得警惕短期过热；成交额缩量是市场在 蓄力，正好给咱留出 ...

访问36氪出海网站letschuhai.com，获取更多全球商业相关资讯。 今日好文 TikTok 攻进拉美，出海四小龙角逐下一个万亿市场 唯有穿透物流、支付、监管、文化等多重壁垒，构建起本地化的系统能力，中国跨境电商平台才能在这片蓝海中找到确定性增长路径。 从3.5分钱到1000块：藏在深莞交界代工厂里的 Labubu 产业链真相 她不知道，自己每天削边的1500张娃娃脸，正被全球潮玩爱好者以千元高价抢购。 中国潮玩出海2.0：Labubu 之外还有什么杀招？ 内卷带来的不只是无脑押注，也有慎之又慎。 Powin 破产，海辰储能300亿估值承压：美国储能政策成出海最大变量 情绪价值至上时代，一家硬件创业公司的10亿美元征途 Nothing 这种从 day one 就 founding 在伦敦，还做 to C 高端硬件的公司，在当下是非常稀缺的。 热点快讯 商务部：将加强对二手车出口工作指导，促进二手车出口健康有序发展 7月3日下午，商务部举行例行新闻发布会。商务部新闻发言人何咏前表示，汽车是"大件耐用"消费品，鼓励和支持"二手车"市场发展是各国通行做法。2024 年2月，商务部会同相关部门联合制定了二手车出 ...

Market Overview - A-shares experienced a rebound on July 3, with the Shanghai Composite Index rising by 0.18%, the Shenzhen Component Index increasing by 1.17%, and the ChiNext Index gaining 1.9% [2] - A total of 3,271 stocks rose, with 66 hitting the daily limit up, while 1,866 stocks declined [3][4] - The total trading volume reached 13,335.06 billion, with a total of 108,789.9 million shares traded [4] Sector Performance - Computing hardware stocks surged again, with PCB and related sectors leading the gains. Notable stocks included Zhongjing Electronics, Bomin Electronics, and Jin'an Guoji, all hitting the daily limit up [5] - Innovative drug concept stocks continued their strong performance, with companies like Weiming Pharmaceutical and Shenzhou Cell also reaching the daily limit up [7] - The solid-state battery sector saw a midday rally, with stocks such as Dadongnan, Hongtian Co., and Zhongyi Technology hitting the daily limit up [9] Notable Stock Movements - Key stocks in the computing hardware sector included: - Yihua New Materials: +20.00% at 32.64 - Zhongyi Technology: +19.99% at 23.89 - Bomin Electronics: +10.04% at 10.41 [6] - In the innovative drug sector, significant gainers included: - Guangshengtang: +20.00% at 42.78 - Shenzhou Cell: +19.99% at 73.34 - Weiming Pharmaceutical: +10.03% at 10.86 [8] - Solid-state battery stocks also saw notable increases, with Zhongyi Technology at +19.99% and Hongtian Co. at +10.02% [10] Downward Trends - The marine economy sector faced adjustments, with Kelaite dropping over 10% [11] U.S.-China Trade Developments - The Trump administration canceled recent export licensing requirements for chip design software sales to China, a move aligned with a trade agreement aimed at easing key technology restrictions [12] - Major EDA (Electronic Design Automation) companies, including Synopsys, Cadence Design Systems, and Siemens, are expected to benefit from this change, as they previously required government approval to operate in China [12][13] - The EDA market, while only $11.5 billion, plays a crucial role in the $440 billion global semiconductor industry, with the top three companies controlling 74% of the market [13]

智通财经7月3日电，市场全天震荡反弹，创业板指领涨，宁德时代涨近5%。沪深两市全天成交额1.31 万亿，较上个交易日缩量672亿。盘面上，市场热点较为杂乱，个股涨多跌少，全市场超3200只个股上 涨。从板块来看，算力硬件股再度大涨，PCB等方向领涨，中京电子等多股涨停。创新药概念股震荡走 强，神州细胞等涨停。固态电池概念股展开反弹，大东南上演"地天板"。下跌方面，海洋经济概念股展 开调整，克莱特跌超10%。板块方面，PCB、消费电子、创新药、固态电池等板块涨幅居前，可控核聚 变、海洋经济、油气、游戏等板块跌幅居前。截至收盘，沪指涨0.18%，深成指涨1.17%，创业板指涨 1.9%。 收评：创业板指高开高走涨1.9% 算力硬件股再度爆发 ...

Group 1 - The computing hardware sector is showing strong momentum, with Shenghong Technology's stock price rising over 4% and its market capitalization surpassing 120 billion yuan [1] - Industrial Fulian's stock also performed well, increasing nearly 8%, alongside other related stocks such as Dekeli, Guanghe Technology, Zhongjing Electronics, Xinya Electronics, and Luxshare Precision, indicating a collective strength in the sector [1] - Nvidia's GB200 chip has entered a critical stage of mass production, with the next-generation AI server core chip GB300 expected to launch in the second half of 2025 [1] Group 2 - Quanta Computer has confirmed that the GB300 project is progressing according to plan, with testing and client validation processes underway [1] - The GB300 product is expected to start shipping in September, providing clear development expectations for the entire industry chain [1] - The GB300 chip boasts significant improvements over its predecessor, with a 1.7 times increase in inference performance, 1.5 times more memory, and doubled network bandwidth, achieving a computing power of 40 petaflops per node [1] Group 3 - The GB300 AI server is anticipated to adopt a supercapacitor BBU solution due to the limitations of traditional lead-acid battery solutions in meeting higher power density demands, presenting new growth opportunities for the related industries [1] - Defu Technology has independent R&D capabilities in multi-layer copper foil products, applicable in solid-state batteries and supercapacitors [2] - Jianghai Co.'s aluminum electrolytic capacitors and supercapacitors are compatible with the performance requirements of the GB300, and they are currently in technical discussions with relevant server manufacturers [2]

Lenovo Group Conference Call Summary Industry and Company Overview - **Company**: Lenovo Group - **Industry**: PC, Server, and Mobile Devices Key Points and Arguments PC Business Performance - Lenovo's PC shipments reached 15.2 million units in Q1 2025, with a market share of 24.1%, representing a year-on-year growth of 10.8%, significantly outpacing the industry growth of 4.9% [2][5] - The balanced business model, with consumer sales accounting for 35%-40% and commercial sales for 60%-65%, has helped reduce production costs and geopolitical risks [4][9] - The company expects improved performance in the China region in 2025, with IDC predicting a stabilization compared to a nearly 10% decline in the previous year [9] Server Business Growth - Lenovo's X86 server revenue surged by 74.8% year-on-year to $4.12 billion globally, placing it among the top three worldwide [2][6] - In China, server revenue skyrocketed by 127.2% year-on-year and 30.6% quarter-on-quarter, also ranking in the top three [2][6] - The growth is attributed to a forward-looking strategy in AI computing capabilities [6] Mobile Business Developments - Motorola's revenue in overseas markets rose to fourth place, with shipment volume maintaining fifth place [7] - In North America, revenue increased by 20.4% year-on-year to $1.01 billion, with a market share of 3.6%, moving up to third place [7] - Emerging markets in Asia-Pacific saw a remarkable growth of 92.1%, driven by a high-end pricing strategy [7] Global Supply Chain Ranking - Lenovo ranked eighth in Gartner's global supply chain list, surpassing companies like Walmart and BMW, reflecting strong performance in business metrics, financial data, and ESG [8] - This ranking highlights Lenovo's resilience and innovation in a complex global environment [8] AI PC Market Insights - AI PCs are gaining popularity, with domestic sales during the 2025 618 shopping festival showing a 151% year-on-year increase [4][12] - The expected penetration rate for AI PCs is projected to reach 20%-30% in 2025, potentially exceeding 40% by 2026 and 70%-80% by 2027-2028 [15] Future Market Share Expectations - Lenovo aims to increase its market share by 0.5% to 0.7% annually, building on a growing gap with competitors [13] - The discontinuation of Windows 10 support in October 2025 is expected to drive further PC replacements, boosting market share [13] Profitability and Margin Analysis - The gross margin for Lenovo's PC business has risen from around 10% to nearly 20% over the past decade, driven by high-end product development [18] - The ISG business is expected to achieve double-digit year-on-year growth, contributing positively to overall profitability [17][21] Strategic Focus on AI Servers - Lenovo's strategy for AI servers emphasizes a hybrid approach, integrating personal, enterprise, and public intelligence to promote AI adoption [25] - The company plans to establish a presence in the Middle East, particularly in AI data center construction, following a strategic partnership with the Saudi sovereign fund [26] Additional Important Insights - Lenovo's production model balances in-house manufacturing and outsourcing, each accounting for 50%, allowing for flexibility and cost advantages [11] - The company has established multiple production bases globally to mitigate high tariff risks and enhance local delivery capabilities [10]

报告导读： 2025 年 7 月十大转债组合聚焦政策支持和产业创新共同推动的高成长方向， 包括科技成长、新消费成长、周期成长和金融创新。 报告来源 以上内容节选自国泰海通证券已发布的证券研究报告。 报告名称：成长为矛，业绩为锚——2025年7月转债策略展望 报告日期：2025.07.01 报告作者： 顾一格 （分析师），登记编号： S 0880522120006 2025 年 7 月十大转债组合聚焦政策支持和产业创新共同推动的高成长方向， 包括：（ 1 ）以业绩确定 性较强的算力硬件、受益于国产替代加速的半导体产业链和国内外需求共振的军工为代表的科技成长板 块；（ 2 ）提振消费的新引擎、新消费的典型代表——情绪消费；（ 3 ）兼具周期性与成长性，短期有 涨价催化的方向；（ 4 ）无风险利率下降叠加稳定币创新推动的金融板块。 跟踪评级披露完毕，转债评级下调对低价转债的制约解除，银行转债加速退出，高 YTM 和双低转债有望 成为底仓替代。 6 月评级下调影响可控，反映出市场对弱资质转债的评级下调已有心理准备，且在权益市 场相对强势环境下，对信用风险并不担忧。随着评级披露完毕，低价转债有望迎来反弹。银行转债加速退 ...

Core Viewpoint - Stone Technology has officially submitted its application for a Hong Kong IPO, aiming to raise funds for international business expansion, brand awareness enhancement, R&D capability strengthening, and overseas production capacity investment [2][4]. Group 1: Financial Performance - In 2024, Stone Technology reported a revenue of 11.945 billion yuan, a year-on-year increase of 38.03%, but the net profit attributable to shareholders decreased by 3.64% to 1.977 billion yuan [2]. - The company's operating costs surged by 49.38% from 3.987 billion yuan to 5.956 billion yuan, primarily due to increased sales revenue and rising tariff costs [2]. - In Q1 2025, revenue reached 3.428 billion yuan, a significant year-on-year increase of 86.22%, while net profit fell by 29.28% to 242 million yuan [3]. Group 2: Sales and Marketing Expenses - Advertising and marketing expenses have risen significantly, from 833 million yuan in 2022 to 1.923 billion yuan in 2024, accounting for 16.1% of total revenue [3]. - In Q1 2025, sales expenses reached 951 million yuan, representing 27.7% of total revenue, indicating a continued increase in marketing investments [3]. Group 3: International Expansion and Brand Awareness - The company plans to enhance brand visibility and audience conversion through multi-channel marketing activities and expand global direct sales and distribution channels [4]. - Stone Technology aims to increase the scale of its self-operated e-commerce stores and improve operational capabilities in key markets such as the U.S., Europe, and Asia-Pacific [4]. Group 4: Geopolitical Risks and Overseas Production - Geopolitical risks, particularly related to U.S.-China trade tensions, pose significant challenges for Stone Technology, with overseas sales primarily targeting North America, Europe, and Asia-Pacific [5][6]. - The company reported that overseas revenue in 2024 was 6.677 billion yuan, with a notable decline in gross margin due to increased tariff costs [5]. - To mitigate geopolitical risks, Stone Technology is exploring overseas production to enhance supply chain resilience and reduce reliance on domestic manufacturing [6].

对于创业者而言，掌握融资能力需要多管齐下。一方面，要深入了解银行贷款政策、各类投资机构的偏好与投资逻辑，制定清晰、合理的融资计划；另一方 面，要注重自身信用与企业品牌的建设，以良好的信誉与发展前景吸引资金方的关注。此外，积极参加创业融资路演、行业峰会等活动，拓展人脉资源，也 是获取资金支持的有效途径。 在创业的浪潮中，有句话广为流传："不会融资很难创业成功。" 流动资金作为企业的 "血液"，贯穿于采购、生产、销售等各个环节，其重要性不言而喻。 缺乏充足的流动资金，企业就如同无源之水，难以维持基本运转，更遑论在市场竞争中开疆拓土 。而掌握融资能力，创业者便能借助银行贷款、投资人资 金等外部资源，为企业注入源源不断的活力，实现与合作伙伴的互惠互利。 在创业这场没有硝烟的战争中，融资能力已然成为创业者必备的核心竞争力。懂得融资，就能借助外部资金的力量，为企业保持稳定的资金流水，推动企业 持续发展。从这个意义上说，融资不仅是解决资金短缺的手段，更是创业者整合资源、实现商业理想的重要桥梁。未来的创业之路，唯有善于融资的创业 者，才能在激烈的市场竞争中站稳脚跟，驶向成功的彼岸。 与之形成鲜明对比的是那些善于融资的创业者。 ...