风险提示：投资有风险，入市需谨慎。 有研报指出，爱玛科技通过产品结构和渠道优化推动业绩增长。新版电动自行车安全技术规范将于9月1 日起实施，可能对行业产生影响。 截至2025年7月31日收盘，爱玛科技股价报34.66元，较前一交易日下跌0.99元，跌幅2.78%。当日成交 量为75537手，成交金额达2.64亿元。 爱玛科技主营业务为电动两轮车的研发、生产和销售。公司产品包括电动自行车、电动摩托车等，属于 交运设备行业。2025年一季度，公司实现营业收入62.32亿元，同比增长25.82%；扣非净利润5.93亿 元，同比增长31.57%。 ...

Market Overview - The FTSE China A50 Index component stocks showed mixed performance with the oil and coal sectors gaining throughout the day, while the banking and automotive sectors fluctuated in the afternoon [1]. Sector Performance Insurance - China Pacific Insurance, China Ping An, and China Life Insurance had market capitalizations of 329.02 billion, 363.08 billion, and 970.42 billion respectively, with trading volumes of 1.145 billion, 1.396 billion, and 0.510 billion [3]. Alcohol Industry - Kweichow Moutai, Shanxi Fenjiu, and Wuliangye had market capitalizations of 1,930.78 billion, 229.35 billion, and 492.65 billion respectively, with trading volumes of 2.505 billion, 0.941 billion, and 2.291 billion [3]. Semiconductor - Northern Huachuang and Cambrian had market capitalizations of 222.93 billion and 254.64 billion respectively, with trading volumes of 1.757 billion and 2.779 billion [3]. Automotive - BYD, Great Wall Motors, and Beijing-Shanghai High-Speed Railway had market capitalizations of 1,102.81 billion, 288.75 billion, and 196.18 billion respectively, with trading volumes of 6.513 billion, 0.296 billion, and 0.232 billion [3]. Oil Industry - COSCO Shipping, Sinopec, and China National Offshore Oil Corporation had market capitalizations of 702.22 billion, 1,526.39 billion, and 254.36 billion respectively, with trading volumes of 0.958 billion, 1.212 billion, and 1.193 billion [3]. Coal Industry - Shaanxi Coal and Ningde Times had market capitalizations of 201.56 billion and 790.97 billion respectively, with trading volumes of 0.591 billion and 0.634 billion [3]. Power Industry - Yangtze Power and China Nuclear Power had market capitalizations of 198.28 billion and 747.01 billion respectively, with trading volumes of 1.637 billion and 0.555 billion [4]. Food and Beverage - Citic Securities, Guotai Junan, and Haitian Flavoring had market capitalizations of 303.76 billion, 376.74 billion, and 252.40 billion respectively, with trading volumes of 0.903 billion, 0.313 billion, and 0.616 billion [4]. Consumer Electronics - Industrial Fulian, Luxshare Precision, and Kairui Pharmaceutical had market capitalizations of 368.98 billion, 220.25 billion, and 358.24 billion respectively, with trading volumes of 2.024 billion, 0.616 billion, and 1.944 billion [4]. Home Appliances - Gree Electric, Haier Smart Home, and Muyuan Foods had market capitalizations of 261.47 billion, 209.77 billion, and 235.61 billion respectively, with trading volumes of 1.075 billion, 0.625 billion, and 0.761 billion [4]. Medical Devices - Mindray Medical, Wanhua Chemical, and SF Holding had market capitalizations of 172.40 billion, 232.84 billion, and 279.48 billion respectively, with trading volumes of 0.988 billion, 0.530 billion, and 0.844 billion [4]. Communication Services - Zijin Mining, China State Construction, and China Unicom had market capitalizations of 232.63 billion, 166.64 billion, and 477.87 billion respectively, with trading volumes of 1.782 billion, 0.509 billion, and 1.271 billion [4].

金十图示：2025年05月06日（周二）富时中国A50指数成分股今日收盘行情一览：有色金属、保险、白酒、半导体等板块上涨， 原油、电力、家电等板块下跌 @ JIN10.COM 金十数据 | 一个交易工具 电力行业 互联网服务 东方财富 长江电力 00 中国核电 7139.83亿市值 1910.77亿市值 3313.39亿市值 24.27亿成交额 6.20亿成交额 68.68亿成交额 29.18 9.29 20.99 -0.32(-1.08%) +0.42(+2.04%) +0.06(+0.65%) 食品饮料 证券 中信证券 国泰海通 海天味业 3780.72亿市值 2323.22亿市值 3044.65亿市值 20.86亿成交额 9.80亿成交额 4.73亿成交额 25.51 17.27 41.78 +0.43(+1.71%) +0.04(+0.23%) -0.14(-0.33%) 消费电子 化学制药 工业富联 立讯精密 恒瑞医药 3253.29亿市值 3735.45亿市值 2305.40亿市值 19.72亿成交额 18.50亿成交额 43.26亿成交额 51.00 18.81 31.81 -0.10(-0.2 ...

广发证券 资深宏观分析师 王丹 bjwangdan@ gf.com.cn 广发宏观郭磊团队 摘要 第一， 一季度工业企业营收、盈利均较去年增速有所上行，其中盈利由负转正，同比为小幅正增的0.8%。这与一季度GDP增速实现良好开局的情况比较吻 合。上市公司盈利和规模以上企业盈利在大的趋势上应具有同步性，我们估计表现会大致相似。 第二， 从3月单月来看，规上工业企业营收和盈利也处于加速趋势中。3月规上工业企业营收同比增长4.2%，较1-2月加快1.4个点；工业企业利润同比增长 2.6%，较1-2月的-0.3%加快3.1个点。从量、价、利润率三因素拆解，3月工增同比实现7.7%的高增，营收利润率同比降幅较1-2月小幅收窄，二者共同支 撑了利润的改善；PPI环比和同比降幅扩大，形成对利润改善幅度的制约。 第三， 哪些行业带来了整体利润的改善？从中观角度看，增速较快的行业线索有六：一是受益于涨价和新兴产业需求支撑的有色产业链；二是"两新"政策加力 驱动的专用设备、通用设备、电气机械和仪器仪表行业；三是受益于航空航天产业高速发展 [7]和出口增长的交运设备行业；四是必选消费相关的农副食品行 业；五是公用事业（废弃资源利用 ...