智通财经APP讯，全筑股份(603030.SH)披露2025年第二季度经营情况，公司2025年第二季度季末累计 新签合同金额5.1亿元;新签流转中合同金额1.69亿元。 ...

Core Viewpoint - Hengshang Energy (603137.SH) reported a significant decline in new project contracts for the first half of 2025, indicating potential challenges in the company's operational performance [1] Group 1: Financial Performance - The total new project contracts signed by the company amounted to 357 million yuan, representing a year-on-year decrease of 68.85% [1] - The new project contracts for building curtain walls and aluminum alloy doors and windows totaled 259 million yuan, showing a substantial year-on-year decline of 77.40% [1] - The company signed 20 new projects in the building curtain wall and aluminum alloy door and window segment, which is a decrease of 33.33% compared to the previous year [1] Group 2: Business Segments - The sales of building materials contributed 98 million yuan to the new project contracts, although specific year-on-year changes for this segment were not detailed [1]

Investment Rating - The report maintains a "Recommended" rating for the construction industry [1] Core Viewpoints - Infrastructure investment growth remains robust, with special bond issuance accelerating to support major projects [3][6] - Real estate investment and sales are under pressure, but the decline in new construction and completion has narrowed [3][44] - The construction sector is experiencing a slight increase in fund holdings, indicating a low allocation compared to standard benchmarks [3][65] Summary by Sections Special Bond Issuance - The pace of special bond issuance has accelerated in 2025, with a total of 2.16 trillion yuan issued in the first half of the year, a 45% year-on-year increase [6] - The government plans to issue 4.4 trillion yuan in new local government special bonds this year, focusing on infrastructure and housing projects [6] Infrastructure Investment - Fixed asset investment (excluding rural households) reached 24.87 trillion yuan in the first half of 2025, with a year-on-year growth of 2.8% [3][27] - Broad infrastructure investment growth was 8.9%, while narrow infrastructure investment growth was 4.6% [30] - Investment in electricity, heat, gas, and water supply grew by 22.8%, while transportation and storage investment increased by 5.6% [3][35] Real Estate Market - Real estate development investment totaled 46.66 billion yuan, down 11.2% year-on-year, with sales area declining by 3.5% [44] - New construction area decreased by 20.0%, but the decline rate has narrowed [46] - The policy measures are expected to improve the supply-demand structure in the real estate market [3][44] Fund Holdings in Construction - As of Q2 2025, the fund holdings in the construction sector accounted for 0.43% of the total market, slightly up from the previous quarter [65] - The construction sector remains underweight compared to the standard allocation ratio of 1.77% [65] - Institutional investors are increasingly favoring segments such as housing construction, decoration, and engineering consulting [65][71]

Investment Rating - The report assigns a "Buy" rating for Jianghe Group, expecting the stock to outperform the benchmark index by more than 20% within the next six months [2][13]. Core Insights - Jianghe Group has announced a three-year high dividend plan, committing to distribute at least 80% of the annual net profit attributable to shareholders or a minimum of CNY 0.45 per share (including tax), whichever is higher, for the years 2025-2027 [5][6]. - The company reported a strong cash flow performance, with operating cash flow of CNY 1.63 billion in 2024, supporting its high dividend payout [6]. - The company has seen a 6.3% year-on-year increase in new orders, totaling CNY 13.69 billion in the first half of 2025, driven by robust demand for curtain walls and photovoltaic buildings, particularly from overseas markets [6][7]. Financial Performance and Forecast - Revenue projections for Jianghe Group are CNY 24.2 billion in 2025 and CNY 26.2 billion in 2026, reflecting year-on-year growth rates of 8.1% and 8.0%, respectively [7][9]. - The net profit attributable to shareholders is expected to reach CNY 6.86 billion in 2025 and CNY 7.57 billion in 2026, with growth rates of 7.7% and 10.2% [7][9]. - The company's PE ratios for 2025 and 2026 are projected to be 12.2X and 11.0X, respectively, indicating a favorable valuation [7][9]. Market Position and Strategy - Jianghe Group is expanding its overseas business, establishing a dedicated overseas division and targeting markets in the Middle East and Southeast Asia, which is expected to drive significant growth in new orders [6][7]. - The company has a strong market position in the curtain wall segment, benefiting from increased market share due to its comprehensive advantages [6][7].

Group 1 - The core indices, including the China Securities Dividend Low Volatility Index, China Securities Dividend Value Index, and China Securities Dividend Index, all increased by 0.7% as of the midday close [1][5] - The Hang Seng Dividend Low Volatility ETF (159545) has seen net inflows for 20 consecutive trading days, with its product scale reaching nearly 3.8 billion, setting a new record since its inception [1] - The composition of the indices reflects high dividend levels and low volatility among A-share listed companies, with the banking, transportation, and construction decoration industries accounting for a combined 70% [5] Group 2 - The Hang Seng Dividend Low Volatility ETF tracks the Hang Seng Hong Kong Stock Connect High Dividend Low Volatility Index [6] - This index consists of 50 stocks within the Hong Kong Stock Connect that have good liquidity, continuous dividends, moderate dividend payout ratios, and low volatility, with the financial, industrial, and energy sectors making up nearly 70% [7] - The Dividend Value ETF tracks the China Securities Dividend Value Index, which is composed of 50 stocks characterized by high dividend yields and value traits [9]

Group 1 - The stock price of Quanzhu Co., Ltd. closed at 2.69 yuan on July 29, 2025, down 1.10% from the previous trading day [1] - The trading volume on that day was 747,607 hands, with a transaction amount of 200 million yuan [1] - Quanzhu Co., Ltd. is primarily engaged in architectural decoration design and construction, and has recently disclosed a private placement plan to raise no more than 180 million yuan [1] Group 2 - The raised funds will mainly be used for projects related to an AI-based design and product ecosystem platform in the construction industry, as well as for the establishment of a marketing display center and brand promotion [1] - On July 29, the net outflow of main funds for Quanzhu Co., Ltd. was 17.2446 million yuan, accounting for 0.49% of the circulating market value [2]

从港股行业表现来看，今年1月1日至7月29日，申万31个一级行业全部上涨，其中涨幅超过20%的行业 24个，涨幅超过40%的行业15个，涨幅超过60%的行业6个，涨幅前三大行业分别为农林牧渔、轻工制 造、医药生物，涨幅分别达174.98%、147.57%、103.13%；涨幅居后三大行业分别为家用电器、建筑装 饰，煤炭，涨幅分别为7.53%、9.52%、10.58%。 【深圳商报讯】（记者钟国斌）今年以来，港股领涨全球主要股市。DeepSeek、新消费、创新药等板 块轮番表现，助推港股恒生指数频创年内新高。据记者统计，截至今年7月29日，恒生指数收报 25524.45点，涨幅达27.24%，在全球主要股市涨幅第一。 从全球主要股市表现来看，今年以来港股市场一枝独秀。以美股、欧洲股市和日本股市为例，今年以 来，美国股市三大指数涨幅均为个位数，其中道琼斯指数涨幅为5.39%、标普500指数涨幅为8.64%，纳 斯达克指数涨幅为9.67%；德国、英国、法国股市涨幅分别为21.74%、11.53%、6.80%；日本股市日经 225指数涨幅为1.96%。 （文章来源：深圳商报） 从港股个股表现来看，今年1月1日至7月2 ...

来源：新浪财经-鹰眼工作室 market 近日，ST瑞和（002620）发布《深圳瑞和建筑装饰股份有限公司关于累计诉讼、仲裁情况的公 告》。公告显示，公司依据《深圳证券交易所股票上市规则》相关规定，对公司及控股子公司连续十二 个月累计涉及诉讼、仲裁事项进行统计。 截至目前，除历次已专项、累计披露过的诉讼/仲裁案件外，公司及控股子公司连续十二个月内累计诉 讼、仲裁事项涉案件共计14件，涉案金额合计约为人民币1038.85万元。其中，2025年7月29日当日统计 归档1个案件材料，金额为58.56万元。该涉案金额超过公司最近一期经审计净资产绝对值10% 。不过， 公司及控股子公司不存在单项涉案金额占公司最近一期经审计净资产绝对值10%以上，且绝对金额超过 人民币1000万元的重大诉讼、仲裁事项。 同时，公司及控股子公司不存在其他应披露而未披露的诉讼、仲裁事项。 由于相关案件处于尚未开庭审理或尚未出具判决结果或判决结果尚未生效等阶段，其对公司本期利润或 期后利润的影响存在不确定性。公司将依据有关会计准则的要求和实际情况进行相应的会计处理，并及 时按照规则要求履行信息披露义务。在此，提醒广大投资者注意投资风险。本次公 ...

一、强势个股 截至7月29日收盘，上证综指上涨0.33%，收于3609.71点，深证成指上涨0.64%，收于11289.41点，创业 板指上涨1.86%，收于2406.59点。今日沪深两市A股共计48只涨停，综合当前连板数以及当日龙虎榜数 据，其中较为强势的前三只个股分别为：南方路机（603280）、山河智能（002097）与西藏天路 （600326）。今日强势个股前10位具体数据见下表： | 概念名称 | 涨跌幅(%) | 涨停成分股占比(%) | 上涨成分股占比(%) | 下跌成分股占比(%) | | --- | --- | --- | --- | --- | | CRO概念 | 4.0 | 4.48 | 91.04 | 8.96 | | 变组蛋白 | 29 | 1.96 | 80.39 | 17.65 | | 创新药 | 279 | 3.86 | 82.83 | 16.31 | | 减肥药 | 2.76 | 1.82 | 89.09 | 10.91 | | F5G概念 | 243 | 278 | 75.0 | 25.0 | | 细胞免疫治疗 | 2.42 | 1.69 | 71.19 | 27.12 | ...

证券日报网讯海南发展（002163）7月29日在互动平台回答投资者提问时表示，公司将积极把握海南自 贸港封关这一重大战略发展机遇，深入挖掘业务机会，积极投身海南自贸港建设。 ...