Group 1 - The stock price of Zhongke Environmental on July 31 closed at 5.39 yuan, down 0.11 yuan, representing a decline of 2.00% from the previous trading day [1] - The trading volume on that day was 227,961 hands, with a transaction amount of 1.24 billion yuan [1] - Zhongke Environmental operates in the environmental protection industry, focusing on waste incineration power generation and biomass energy utilization, employing a "combined heat and power" model for resource recycling [1] Group 2 - According to the company's performance report, in the first half of 2025, it achieved operating revenue of 848 million yuan, a year-on-year increase of 4.48%, and a net profit of 196 million yuan, a year-on-year increase of 19.83% [1] - The company plans to disclose its semi-annual report on August 13, 2025 [1] - On July 31, the net outflow of main funds for Zhongke Environmental was 14.23 million yuan, accounting for 0.42% of the circulating market value [1]

Regulatory Insights - The national carbon market has seen a significant increase in both volume and price, with a transaction value exceeding 46.6 billion yuan [2] - The Ministry of Ecology and Environment highlighted the need for clearer pathways for the steel industry's green and low-carbon transition as it was included in the national carbon market this year [2] Policy Updates - Three major economic provinces are piloting the issuance of distributed green certificates, which are crucial for promoting green consumption and production [2] - The development of zero-carbon parks is accelerating, with renewable energy and digitalization companies benefiting from this trend [3] - The People's Bank of China and other regulatory bodies have included green trade and consumption in the support scope of the new green finance project directory, effective from October 1, 2025 [3] - The National Energy Administration has set mandatory consumption targets for renewable electricity, particularly for the electrolytic aluminum industry [3] Cover Article - The national carbon market has expanded to include the steel, cement, and aluminum smelting industries, covering approximately 8 billion tons of emissions, with around 3,700 key emission units expected to participate [3] Industry Insights - China's new climate goals aim to cover the entire economy and all greenhouse gases by 2035, as stated in a joint declaration with the EU [4] - The installed capacity of renewable energy in China has surpassed that of coal power, marking a significant milestone in the country's energy development [4] - 90% of large banks in China have fully disclosed their operational carbon emissions, while smaller banks are lagging behind [4] - New tea beverage companies face challenges in food safety and compliance, necessitating the integration of ESG into their strategies for long-term growth [5] - The white wine industry is increasingly looking to overseas markets for growth amid intensified domestic competition, with a reported decline in the wine index since May [6] ESG Discussions - The national carbon market's expansion is expected to add 1,500 key emission units, covering over 60% of national CO2 emissions [7] - The global focus on transition finance is growing, as traditional high-carbon industries face financing challenges while green investment continues to rise [7]

Group 1 - The report indicates that the Hong Kong stock market is in an upward trend with a solid bottom, driven by improved investor sentiment and increased trading volume, particularly from institutional investors [1][2][3] - There is a notable shift towards high-dividend stocks and technology stocks, which are expected to provide momentum for the overall market [1][2] - Concerns about rising overseas risks, particularly related to the appreciation of USD assets and the impending deadline for tariff negotiations, are highlighted [1][2] Group 2 - The report expresses optimism about AI technology, noting strong capital expenditure in US tech stocks and the potential for new AI models in China to boost the tech narrative [2][3] - High-dividend stocks are favored due to the nature of incremental capital and their comparative advantage over A-shares, alongside low funding costs in Hong Kong [2][3] - Investors are expected to focus on sectors with strong performance and undervaluation, such as innovative pharmaceuticals, during the earnings season [2][3] Group 3 - The report lists the top ten recommended stocks, including Meitu, Kuaishou, and various pharmaceutical companies, with detailed financial metrics such as market capitalization and PE ratios [3][8][79] - Specific investment recommendations for each stock are provided, emphasizing growth potential driven by AI applications, strategic partnerships, and market positioning [11][18][23][28][37][48][62][72] Group 4 - The report outlines key assumptions and driving factors for each recommended stock, such as user growth, product performance, and market conditions [13][19][24][30][38][42][49][56][68][74] - Unique insights into the companies' competitive advantages and market strategies are presented, indicating potential for significant growth and valuation improvements [15][20][25][32][39][45][60][69][76]

莱伯泰科（SH 688056，收盘价：35.64元）7月31日晚间发布公告称，公司第五届第二次董事会会议于 2025年7月31日在公司会议室以现场与通讯相结合的方式召开。会议审议了《关于聘任公司证券事务代 表的议案》等文件。 2024年1至12月份，莱伯泰科的营业收入构成为：其他占比38.69%，环保行业占比18.46%，医疗检测占 比6.91%，疾病控制占比6.79%，科研院所/大学院校占比6.61%，食药行业占比6.51%，地质/矿产/能源 占比5.84%，第三方检测占比5.6%。 （文章来源：每日经济新闻） ...

( 於百慕達註冊成立之有限公司 ) (股份代號：00152) 須予披露的交易 ( 於中華人民共和國註冊成立的股份有限公司 ) (股份代號：00548) 自願性公告 聯合公告 深高速認購兩項結構性存款產品 認購兩項結構性存款產品 深 圳 國 際 及 深 高 速 (深 圳 國 際 擁 有 約 47.30%權 益 的 附 屬 公 司 )各自的 董事會宣佈，深高速於 2025 年 7 月 30 日認購了本金為人民幣 5 億元 的結構性存款產品(第一期)，並於 2025 年 7 月 31 日進一步認購了本 金為人民幣 5 億元的結構性存款產品(第二期)。 香港交易及結算所有限公司及香港聯合交易所有限公司對本聯合公告的內容概不負責，對其準 確性或完整性亦不發表任何聲明，並明確表示，概不對因本聯合公告全部或任何部份內容而產 生或因倚賴該等內容而引致的任何損失承擔任何責任。 - 1 - 認購兩項結構性存款產品 深圳國際及深高速各自的董事會宣佈，深高速於 2025 年 7 月 30 日認 購了本金為人民幣 5 億元的結構性存款產品(第一期)，並於 2025 年 7 月 31 日進一步認購了 本金為人民幣 5 億元的結構性存款產 ...

Core Viewpoint - Datang Environment (01272.HK) expects a decrease in profit before tax for the six months ending June 30, 2025, projected to be between RMB 350 million and RMB 400 million, compared to approximately RMB 478 million for the same period ending June 30, 2024 [1] Summary by Relevant Categories Financial Performance - The expected profit before tax for the upcoming period is between RMB 350 million and RMB 400 million [1] - This represents a decrease from the previous year's profit before tax of approximately RMB 478 million [1] Revenue Drivers - The anticipated decrease in profit is primarily due to a decline in overall thermal power generation in China, which has led to reduced income and profits from desulfurization and denitrification projects [1] - Additionally, the previous year's results included one-time excess income from project settlements, which will not recur in the upcoming period [1]

Core Insights - In the past 10 days (from July 18 to July 31), overseas institutions conducted research on 43 listed companies, with Ding Tai Gao Ke being the most focused, receiving attention from 23 overseas institutions [1][2] - A total of 307 companies were researched by institutions, with securities companies leading at 266, followed by fund companies at 220, and overseas institutions at 43 [1] - The average stock price of companies researched by overseas institutions increased by 7.42% over the past 10 days, with the best performer being Henghe Precision, which saw a cumulative increase of 94.43% [1][2] Company Performance - Among the companies that received attention from overseas institutions, four reported mid-term earnings, with Hai Da Group and Su Bo Er showing significant net profit growth [1] - Nine companies issued mid-term earnings forecasts, with four expecting profit increases, two expecting profits, and three expecting losses. Junya Technology had the highest net profit growth forecast at 338.64% year-on-year [1][2] Stock Price Movements - The stock price movements of companies researched by overseas institutions varied, with Henghe Precision and De Fu Technology showing significant increases of 94.43% and 36.25%, respectively [2][3] - Conversely, 15 companies experienced stock price declines, with Hui Cheng Environmental showing the largest drop at 17.47% [1][3]

证券之星消息，7月31日环境治理板块较上一交易日下跌1.84%，中兰环保领跌。当日上证指数报收于 3573.21，下跌1.18%。深证成指报收于11009.77，下跌1.73%。环境治理板块个股涨跌见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | | --- | --- | --- | --- | --- | --- | --- | | 688370 | 丛麟科技 | 23.84 | 5.72% | 6.84万 | | 1.65亿 | | 301259 | 文布鲁 | 39.94 | 4.28% | 5.61万 | | 2.21亿 | | 603200 | ■状史上 | 62.31 | 3.18% | 13.00万 | | 8.08亿 | | 300899 | *ST凯蓉 | 24.59 | 2.50% | 2.01万 | 4946.22万 | | | 301372 | 科净源 | 30.40 | 2.32% | 11.37万 | | 3.32亿 | | 688480 | 塞恩斯 | 43.40 | 1.93% | 2.27万 | | 1.02亿 | | 832 ...

Core Insights - The establishment of the National Key Laboratory for Water Pollution Control and Resource Green Recycling in the Yangtze River Delta Integration Demonstration Zone marks a significant step in advancing ecological and green development in the region [1][3] - The laboratory aims to address critical technological challenges in the environmental sector through strategic research and innovation, contributing to the construction of a high-quality ecological environment [3][4] Group 1: Strategic Collaboration - A strategic cooperation agreement was signed among the Yangtze River Delta Integration Demonstration Zone Executive Committee, Tongji University, Qingpu District Government, and Changxin Company to jointly develop the National Key Laboratory [4][8] - The collaboration will focus on promoting technological and industrial innovation, encouraging deep cooperation between research teams and local enterprises in green and low-carbon sectors [4][5] Group 2: Laboratory Focus and Structure - The National Key Laboratory will concentrate on areas such as green low-carbon development, watershed management, resource recycling, environmental functional materials, and environmental health [5][6] - The laboratory will feature a unique layout known as "One Super Brain and Six Centers," which includes various specialized research centers aimed at enhancing water environment management and ecological restoration [5][6] Group 3: Regional Development and Economic Growth - The Qingpu District has set ambitious goals for modernization and economic growth, achieving a GDP increase of 9.3% in the first half of the year, the highest in the city [7][8] - The strategic location of the laboratory within the Qingpu District, particularly in the planned Science Popularization Village, is expected to facilitate easy access and enhance its role as a testing ground for water environment governance [7][8]

| 申万行业 | 行业涨跌（%） | 成交额（亿元） | 比上日（%） | 领涨（跌）股 | 涨跌幅（%） | | --- | --- | --- | --- | --- | --- | | 通信 | 1.27 | 506.97 | 26.53 | 鼎通科技 | 13.77 | | 计算机 | 0.93 | 664.64 | 4.83 | 数字认证 | 20.00 | | 电子 | 0.79 | 1142.17 | 12.36 | N鼎佳 | 466.40 | | 机械设备 | 0.03 | 599.41 | -0.23 | 方盛股份 | 16.36 | | 医药生物 | -0.05 | 880.55 | -15.62 | 灵康药业 | -5.74 | | 综合 | -0.09 | 9.51 | 1.04 | 红棉股份 | -2.08 | | 国防军工 | -0.11 | 347.81 | -24.32 | 博云新材 | -6.21 | | 传媒 | -0.64 | 264.13 | 6.53 | 吉视传媒 | -8.88 | | 社会服务 | -0.68 | 88.07 | 0.42 | 凯撒旅业 | -4 ...