Group 1: Energy and Materials - The domestic leading core process equipment and system supplier, ZhiChun Technology, has seen significant stock performance with two consecutive trading limits [3] - The company GuoPing Coal Shennong Group is undergoing a strategic restructuring [4] - The company Tianjin Yaoqiang has reported a net profit increase of 86.87%-109.11% year-on-year for the third quarter, driven by cost advantages and rising product prices in the ore sector [4] Group 2: Technology and Innovation - Cloud Deep has released its first industry-level all-weather humanoid robot [4] - The company Eastcompeace has developed eSIM products and management platforms applicable in various fields, including IoT and smart homes [6] - The company Aoyuan Technology is participating in the bankruptcy reorganization investment of the American company ICON, which specializes in the design and production of dual-seat sports aircraft [4] Group 3: Consumer Goods and Retail - The e-commerce sector is gearing up for the Double Eleven shopping festival [3] - The company Haotaitai is recognized as a leading enterprise in the smart drying industry [3] - The company Guokang Chain has achieved two consecutive trading limits, being the first listed enterprise in Jiangxi Province's commercial circulation industry [3] Group 4: Food and Beverage - The company Kuaijishan is a domestic leading supplier of yellow wine, also producing and selling by-products like distilled liquor [3] - Baiyang Co., Ltd. is the largest global processor and a leading provider of tilapia food products in China [3] Group 5: Chemicals and New Materials - The company Chengxing New Materials is involved in the production of electronic-grade phosphoric acid, being the first listed company in this sector [6] - The price of lithium hexafluorophosphate has been continuously rising after the holiday, impacting the supply chain [6]

东兴证券指出，A股中期核心趋势未改，短期外部冲击影响有限，随着4000点附近指数震荡消化整理， 未来趋势维持上行趋势，流动性和高科技产业发展两大核心逻辑未有实质性改变。策略上，建议坚定牛 市信心，继续看好市场中期上行趋势。在品种配置上，大科技板块核心地位不会动摇，短期中美博弈对 涉及海外资产和海外产业链的科技公司可能会有一定扰动作用，投资者可适当调整方向，建议加大对自 主可控板块配置力度。周期性板块景气度仍然较好，可作为两个核心主线之一配置，从景气度角度出 发，军工、医药、新能源等行业建议继续重点关注。高股息红利股随着一轮调整，股息收益率吸引力上 升，稳健投资者可重点关注。 （文章来源：证券时报网） 14日早盘，两市股指盘中震荡回落，创业板指跌超2%，科创50指数跌近3%，场内超2800股飘绿。 盘面上看，半导体板块走低，保险、煤炭、酿酒、银行、石油、地产等板块拉升，黄金概念、光伏产业 链股等活跃。 截至午间收盘，沪指涨0.21%报3897.56点，深证成指跌1.02%，创业板指跌2.24%，科创50指数跌 2.84%，沪深北三市合计成交16817亿元。 ...

外部冲击影响有限 中期慢牛趋势未改 周度观点： 外部冲击影响有限。中美有关贸易战冲突再起，周末全球市场出现较大幅度波动，尤其是美股调整幅度较大，市场担心 A 股出现大幅调整，我们认为，相对于 4 月贸易战阶段，市场环境已经出现较大改变，外部冲击对市场影响有限。首先， 随着 4 月贸易战之后，中国出口总体形势并未发生较大改变，在关税延期之后仍旧保持了较好的增长态势，本次冲突更 多体现谈判博弈成分，未来协议关税冲击有望显著小于前期宣布水平，而对美出口占比已经持续下行，8 月对美出口占 比已经下滑到 10%左右，与前期平均 15%的水平已经下降较大，未来即使关税冲击显现对整体出口影响也比较有限。其 次，对市场预期截然不同，4 月市场仍处于区间震荡阶段，管理层对指数控制力尚未显现，投资者普遍对市场走牛没有 较大预期，目前市场指数持续上行，指数波动率显著下降，投资者对市场信心已不可同日而语，随着重要会议和十五五 规划陆续出台，市场以我为主的核心逻辑未改，市场对中美博弈常态化逐步脱敏。再次，中美博弈呈现你来我往态势， 全球贸易格局重新分配，中国有望凭借在稀土等优势资源和高端制造领域核心技术占据有利位置，叠加反内卷政策有望 ...

Market Overview - On October 13, A-shares saw a decline across all major indices, with the Shanghai Composite Index down by 0.19%, the Shenzhen Component down by 0.93%, and the ChiNext Index down by 1.11% [1] - The market showed overall weakness, particularly in the technology sector, while the STAR 50 Index increased by 1.40% [1][2] - The total trading volume in the Shanghai and Shenzhen markets was 23,547 billion RMB, reflecting a slight decrease compared to the previous trading day [1] Sector Performance - In terms of sector performance, the non-ferrous metals sector led with a gain of 3.35%, followed by environmental protection at 1.65% and steel at 1.49%. Conversely, the automotive sector fell by 2.33%, home appliances by 1.74%, and beauty care by 1.58% [7] ETF Market Dynamics - The ETF market experienced a net inflow of 232.28 billion RMB, with stock ETFs and cross-border ETFs being the main contributors, recording inflows of 163.80 billion RMB and 82.70 billion RMB, respectively [8][10] - The only category showing a net outflow was bond ETFs, which saw a decrease of 60.71 billion RMB [8][10] Investment Trends - Within the stock ETF categories, thematic and industry ETFs were the primary sources of net inflow, amounting to 99.66 billion RMB and 81.75 billion RMB, respectively [9][10] - The technology and gold sectors in the Hong Kong market continued to attract significant capital, with net inflows of 258.98 billion RMB and 141.70 billion RMB over the past month [11][12] Company-Specific Insights - In the pharmaceutical sector, the upcoming ESMO conference on October 19 is expected to release promising data for AK112, which could potentially capture a market exceeding 10 billion USD in unmet needs for squamous cell carcinoma [13] - In the renewable energy sector, the U.S. announced a 100% tariff on Chinese energy storage batteries and inverters starting November 1, raising concerns reminiscent of the 2018 trade disputes [14]

Domestic Market Overview - The domestic market experienced a slight decline on October 13, with the Shanghai Composite Index closing at 3889.5 points, down 0.19%, and the Shenzhen Component Index at 13231.47 points, down 0.93% [1][4] - The ChiNext Index fell by 1.11%, while the STAR 50 Index rose by 1.4%. The total trading volume of the A-share market was 237.42 billion yuan, a decrease from the previous day [1][4] - Among the 30 sectors tracked, 7 sectors saw gains, with non-ferrous metals, defense, and steel leading the increases, while automotive, media, and pharmaceuticals experienced significant declines [1][4] Overseas Market Overview - On the same day, all three major U.S. stock indices closed higher, with the Dow Jones up 1.29%, the S&P 500 up 1.56%, and the Nasdaq up 2.21%. Notably, Tesla's stock rose over 5% [2][4] - The U.S. technology sector also performed well, with the index for the seven major tech companies rising by 2.02% [2][4] Trade Data Insights - In the first three quarters of the year, China's total goods trade reached 33.61 trillion yuan, a year-on-year increase of 4%. Exports were 19.95 trillion yuan, up 7.1%, while imports were 13.66 trillion yuan, down 0.2% [11][12] - In September alone, trade volume was 4.04 trillion yuan, reflecting an 8% increase year-on-year. This marks the eighth consecutive quarter of year-on-year growth in trade [11][12] - The export of rare earths in September was 4000.3 tons, continuing a downward trend for the third consecutive month [18] Industry Developments - The report highlights the ongoing diversification of markets, with trade with countries involved in the Belt and Road Initiative reaching 17.37 trillion yuan, accounting for 51.7% of total trade [11][12] - The export of mechanical and electrical products reached 12.07 trillion yuan, making up 60.5% of total exports, with significant growth in high-tech products [12][13] - The report also notes a gradual recovery in imports, with a 4.7% increase in the third quarter, driven by domestic demand [12][13] Regulatory Updates - The National Development and Reform Commission and the National Energy Administration issued a new management method for cross-provincial and cross-regional power emergency dispatching, aimed at enhancing the efficiency and safety of power supply [14] - The customs authority responded to issues regarding port fees, emphasizing the need for fair competition in international shipping [15] Economic Indicators - The report mentions the release of significant global economic data, which may impact market sentiment and investment decisions [17] - The performance of the Chinese stock market and trade data is expected to influence investor confidence and market dynamics in the near term [9][11]

本报记者 毛艺融 瑞银证券全球投资银行部联席主管谌戈对《证券日报》记者表示："在香港市场上市将助力A股公司全 球业务发展，为公司的国际化战略提供支持，通过提升全球范围内的市场认可度，有效增强公司在国际 战略合作或收购中的竞争力和话语权。此外，港股的股权激励计划更加市场化，有助于公司吸引更多国 际人才。" 多方面因素助推 A股公司密集赴港上市，是政策支持、市场流动性改善等多重因素作用的结果。 政策方面，港交所持续优化上市规则，吸引优质A股公司赴港上市。继为百亿港元市值以上的A股公司 开设快速审核通道后，今年8月份，港交所进一步放宽了对"A+H"股公司的公众持股限制，满足"30亿港 元预期市值"或"10%公众持股量"其中一项即可，由原规则的双重要求改为二选一。 A股公司赴港上市步伐加快。 Wind数据显示，截至10月13日，年内已有11家A股公司完成"A+H"上市，数量上仅次于2015年的15家、 1997年的13家。另外，仅10月份以来，已有三一重工股份有限公司、上海剑桥科技股份有限公司、深圳 市广和通无线股份有限公司、赛力斯集团股份有限公司等4家A股公司的H股上市聆讯通过，即将加 入"A+H"阵营。 沙利文大 ...

在孕妇叶酸市场常年霸榜的爱乐维，正试图将孕期积累的品牌信任延伸至儿童健康赛道。北京商报记者 调查发现，该品牌已在中国市场推出面向3岁以上儿童的护眼酪，正式进入儿童叶黄素领域。爱乐维推 出的护眼酪规格为32粒/盒，售价269元，定价明显高于绝大部分头部企业的同类产品。市场表现方面， 该产品在京东"婴童叶黄素热卖榜"中仅排名第23位，与头部品牌"已售100万+"的销量差距显著。 不仅叶黄素，从去年起，爱乐维也开始在社交平台力推儿童和婴幼儿液体钙。从孕产营养品牌转型为儿 童市场新入局者，爱乐维能否凭借品牌信任克服产品线与市场认知的不足，将成为其新品能否立足的关 键。 关于产品质地，淘宝商品页面标注"非软糖"，但未进一步说明具体形态。淘宝"Elevit爱乐维海外旗舰 店"客服人员表示，该产品类似软糖，可咀嚼但不含糖。该客服人员称，由于是纯进口商品，该产品未 获得"蓝帽子"认证，因此属于营养膳食补充剂，不属于药品或保健品。 医药行业分析师朱明军认为，在竞争激烈的儿童护眼产品市场中，如何清晰传达产品优势，打消消费者 对产品质地和资质的疑虑，将是爱乐维护眼酪需要面对的重要问题。 在成分方面，爱乐维护眼酪强调三大特点：无糖、 ...

格隆汇10月13日丨瑞康医药(002589.SZ)公布，截至2025年9月30日，公司通过股份回购专用证券账户以 集中竞价方式回购公司股份2,361.3117万股，占公司目前总股本的1.57%，最高成交价3.08元/股，最低 成交价2.75元/股，成交总金额6,938.92万元（不含交易费用）。本次回购股份符合公司既定的回购股份 方案及相关法律法规的要求。 ...

常年霸榜孕妇叶酸市场头部地位的爱乐维，正试图将孕期积累的品牌信任延伸至儿童健康赛道。北京商 报记者调查发现，该品牌已经在中国市场推出面向3岁以上儿童的护眼酪，正式进入儿童叶黄素领域。 爱乐维推出的护眼酪规格为32粒/盒，售价269元，定价明显高于绝大部分头部企业的同类产品。市场表 现方面，该产品在京东"婴童叶黄素热卖榜"中仅排名第23位，与头部品牌"已售100万+"的销量差距显 著。不仅是叶黄素，从去年起，爱乐维也开始在社交平台力推自己的儿童、婴幼儿液体钙。从孕产营养 品牌转型为儿童市场新入局者，爱乐维能否凭借品牌信任克服产品线与市场认知的不足，将成为其新品 能否立足的关键。 三天内500+人加购 爱乐维®儿童护眼酪 实力守护眼健康 酮方灵感源自诺贝尔获奖成果4 随着儿童护眼需求日益突出，爱乐维近期推出儿童护眼酪，进入儿童叶黄素市场。该产品明确面向3岁 以上儿童，已在淘宝、京东、小红书等平台的官方跨境店铺上架。 关于产品质地，淘宝商品页面标注"非软糖"，但未进一步说明具体形态。淘宝"Elevit爱乐维海外旗舰 店"客服表示，该产品类似软糖，可咀嚼，但不含糖。客服还指出，由于是纯进口商品，该产品未获 得"蓝帽子 ...

他表示，日前特区政府公布第五批落户的重点企业，其中海外企业比例高达近四成，包括3家全球 十大医药企业，以及人工智能等领域的领军者。这些企业选择落户或扩充香港业务，正是看到可以在区 内找到所需的资金、优秀的人才、蓬勃的创科和制造业生态，以及可快速规模化的市场。 "香港'内联外通'、高度国际化、国际资金、机构与人才汇聚的优势，在当前形势下更见突出。"陈 茂波强调，即使国际风云变幻，香港在"一国两制"下将一如既往保持自由港的地位，维持简单低税制， 实行开放、稳定、可预测的经贸政策，继续欢迎外商前来投资、发展业务，共享机遇。 人民日报海外版香港10月12日电（记者陈然）香港特区政府财政司司长陈茂波12日表示，开放合 作、互学互鉴、互利共赢，让过去数十年全球经济繁荣稳定发展。特区政府会继续巩固跟传统市场的深 厚联系，同时开拓更多新兴市场、扩大朋友圈，共同实现更好发展。 陈茂波当日发表网志并引述联合国贸易和发展会议发表的《2025年世界投资报告》指出，去年香港 的外来直接投资流入金额高达1260亿美元，上升至全球第三位。去年有近1万家香港公司的母公司来自 海外及中国内地，创历史新高。其中，母公司在美国的香港公司近1400 ...