根据华能水电此前发布的预案(修订稿)，公司本次向特定对象发行股票的募集资金总额不超过58.25亿 元，扣除发行费用后的募集资金净额将投入RM水电站项目、TB水电站项目。 公告显示，随着本次募投项目的实施，华能水电将进一步完善澜沧江流域梯级水电站布局，充分发挥水 电调节补偿优势，优化电源汛枯结构，提高输电通道利用率，加快构建风光水储一体化发展格局，服务 于我国西南地区水风光综合基地的开发建设，也将助力"西电东送"战略实施。 本报讯(记者李如是) 近日，华能澜沧江水电股份有限公司(简称"华能水电（600025）")发布公告称，收到中国证监会出具的 《关于同意华能澜沧江水电股份有限公司向特定对象发行股票注册的批复》，同意公司向特定对象发行 股票的注册申请。 ...

2025 年 07 月 31 日 双融日报 --鑫融讯 分析师：万蓉 S1050511020001 wanrong@cfsc.com.cn 市场情绪：64 分（较热） 最近一年大盘走势 资料来源：Wind，华鑫证券研究 -10 0 10 20 30 (%) 沪深300 相关研究 | 1、《双融日报》2025-07-30 | | --- | | 2、《双融日报》2025-07-29 | | 3、《双融日报》2025-07-28 | ▌ 华鑫市场情绪温度指标：（较热） 3、水电主题：7 月 19 日，雅鲁藏布江下游水电工程开 工仪式在西藏自治区林芝市举行。该工程位于西藏自治区林 芝市，将建设 5 座梯级电站，总投资约 1.2 万亿元。该工程 电力以外送消纳为主，兼顾西藏本地自用需求。雅鲁藏布江 下游水电工程是一项具有重大战略意义的项目，中国政府于 2024 年 12 月份核准了该项目。有消息显示，这一"超级水 电工程"的投资金额之巨、施工难度之高、耗时之久、影响 之 广 ， 都 将 创 下 历 史 纪 录 。 相 关 标 的 ： 东 方 电 气 （600875）、西藏天路（600326） ▌ 风险提示 宏观经济意 ...

Group 1 - Xizang Tourism (600749.SH) has not engaged in business cooperation with units related to the lower reaches of the Yarlung Tsangpo River hydropower project [1] - Changjiang Electric Power plans to invest approximately 26.6 billion yuan in the construction of the Gezhouba shipping capacity expansion project [1] - Sinopec Oilfield Service has won a contract worth 3.597 billion yuan for an engineering project [1] Group 2 - Inner Mongolia Huadian completed a power generation volume of 24.324 billion kWh in the first half of the year, a year-on-year decrease of 14.58% [1] - Datang Telecom plans to transfer 3.3333% equity in its subsidiary Hefei Storage [1] - Junsheng Electronics has repurchased a total of 0.925% of its shares, completing the buyback [1] Group 3 - CATL reported a net profit increase of 33.33% to 30.485 billion yuan in the first half of the year and plans to distribute a dividend of 10.07 yuan per share [1] - Rongda Photoelectric's controlling shareholder and concerted parties plan to reduce their holdings by no more than 2.00% [1][2] - Huanzi Technology's shareholders plan to collectively reduce their holdings by no more than 3% [1][2] Group 4 - Yonghui Supermarket plans to raise no more than 3.992 billion yuan through a private placement for store upgrade and renovation projects [3] - Hongxiang Co., Ltd.'s actual controller Yang Cheng has been released on bail [3]

Core Viewpoint - The article discusses the potential for a "second wave" market opportunity in the context of the Yaxia Hydropower Project, which has a total investment of 1.2 trillion yuan, highlighting its significance in the current market environment [1][2]. Group 1: Project Fundamentals - The Yaxia Hydropower Project is characterized by its massive scale, with a planned total installed capacity of 60 million kilowatts, which is equivalent to 2.6 times the Three Gorges Project, and an expected annual power generation of over 300 billion kilowatt-hours [2]. - The project has a clear funding certainty with an investment of 1.2 trillion yuan, indicating a consistent annual investment of at least 100 billion yuan over the next decade, which provides a long-term incentive for market speculation [2]. - The timing of the project is crucial as the A-share market is currently experiencing a period of uncertainty, making the Yaxia Hydropower Project an attractive new focus for investors [2]. Group 2: Market Signals - The Yaxia Hydropower sector has seen a significant influx of capital, with a four-day consecutive increase in trading volume, indicating new funds entering the market, which is typically a sign of institutional or speculative interest [3]. - On July 29, the sector exhibited a "deep V" pattern, where the market initially dropped but then rebounded sharply, suggesting that major players are actively managing their positions [3]. - There is a noticeable divergence in stock performance, with smaller stocks like Xizang Tianlu and Xining Special Steel leading gains, while larger stocks like China Energy Engineering and China Power Construction lagged, indicating a tactical preference for smaller-cap stocks by speculative investors [4]. Group 3: Future Opportunities - The article suggests that if the second wave of the market materializes, two types of stocks should be closely monitored: those directly benefiting from the project, such as construction companies and equipment manufacturers, and regional stocks that may gain from local supply advantages [7]. - The potential for a second wave is contingent on maintaining support levels around 1260 points and ensuring trading volumes remain above 50 billion yuan, which would indicate ongoing investor interest [6].

证券日报网讯冠龙节能（301151）7月30日在互动平台回答投资者提问时表示，公司对雅江水电建设持 续保持高度关注，会积极关注项目建设动态，选择与企业自身技术与装备相适应的项目积极参与。 ...

Core Viewpoint - Huaneng Lancang River Hydropower Co., Ltd. has received approval from the China Securities Regulatory Commission for a specific stock issuance, aiming to raise up to RMB 5.825 billion for investment in hydropower projects, aligning with national energy policies and the company's strategic development direction [1][2][3] Group 1: Company Overview - Huaneng Lancang River Hydropower Co., Ltd. is a major hydropower enterprise controlled by China Huaneng Group, focusing on the development and operation of hydropower resources in the Lancang River basin and surrounding areas [1][2] - The company was established in June 1999 and listed on the Shanghai Stock Exchange in December 2017, serving as the sole platform for Huaneng Group's hydropower business integration [2] - The company operates over 30 subsidiaries, including various hydropower plants and energy sales companies, showcasing its extensive operational capabilities [2] Group 2: Fundraising and Investment - The company plans to issue up to 1.8 billion shares, with the net proceeds after issuance costs to be invested in the RM and TB hydropower station projects [1][2] - The total amount to be raised is capped at RMB 5.825 billion, which will be fully allocated to ongoing hydropower projects [2][3] Group 3: Strategic Alignment and Environmental Impact - The fundraising aligns with national industrial policies and industry development trends, enhancing the company's competitive advantage and market position [3] - The investment in hydropower projects is expected to significantly reduce emissions of coal, carbon dioxide, sulfur dioxide, and nitrogen oxides, contributing to the green transition of the national energy structure and supporting the "dual carbon" strategy [3] - The implementation of these projects will bolster the company's strategic goals, improve its business layout in the southwestern hydropower sector, and strengthen its core competitiveness [3]

Core Insights - The report indicates a strong market sentiment with a score of 78, categorized as "relatively hot," suggesting a positive outlook for the market [2][6][11] Market Themes Tracking - **Artificial Intelligence Theme**: The "2025 World Artificial Intelligence Conference" is set to take place from July 26 to 29 in Shanghai, focusing on cutting-edge AI technologies and applications. Key companies involved include Zhongke Shuguang (603019) and 360 (601360) [7] - **RDA Theme**: The introduction of the RDA (Real Data Asset) paradigm by the Shanghai Data Exchange emphasizes the integration of data with physical assets, enhancing authenticity and value. Related companies include Tongxingbao (301339) and Wanda Information (300168) [7] - **Hydropower Theme**: The commencement of the Yarlung Tsangpo River hydropower project in Tibet, with a total investment of approximately 1.2 trillion yuan, is highlighted as a significant strategic initiative. Key companies involved are Dongfang Electric (600875) and Tibet Tianlu (600326) [7] Market Capital Flow - The report lists the top ten stocks with significant net inflows, with New Yisheng (300502) leading at 127.71 million yuan, followed by Yunnan Zhiye (002428) at 56.46 million yuan [12] - The top ten stocks with the highest net buy in financing include New Yisheng (300502) at 114.00 million yuan and Cambricon Technologies (688256) at 77.97 million yuan [14] Industry Analysis - The report provides insights into the net inflow and outflow of funds across various industries, with the pharmaceutical and banking sectors showing positive net inflows, while industries like machinery and electronics are experiencing significant outflows [17][22]

（原标题：和讯投顾徐斌箐：新一轮牛市马上启动！3700点肯定要突破） 7月29日，和讯投顾徐斌箐称，感觉新一轮牛市马上要启动了，今天已隐约感觉到市场中有内在力量要迸发，就像火山喷发前兆，3600点已挡不 住，这波行情3700点肯定要突破。再看市场，水电站大坝板块开始走二波行情，不过相关票较多，且多为反包票，目前尚未决出最终胜负，后续 还会PK，过程随机性较强。若持有该题材板块的票，需留意那些较晚涨停或涨停力度不大的，本周内可能会逐步PK、落后淘汰，剩下的可能是 龙头，但哪个能成为真正龙头难以预判，因为这些票都比较"妖"，喜欢换手，甚至今天没涨停的票也可能卡位成功。水电板块炒到700点肯定没问 题，今天已达700点，后续不好给预期。 另外，市场最大一部分资金在做趋势票，像创新药、PCB、CPU里的核心标的以及工业机器人等板块，很多机构风格的票持续走强，在没涨停板 的情况下已走出翻倍行情，稀土板块也是如此。这种行情适合大资金，大资金锚定一只票后可反复操作使其翻倍，而连板票反而难做，今天除7板 外，中间5、4、3板基本断板。市场风格偏向机构，建议大家考虑机构票，像券商有些票已跌得差不多，可重新关注。可认真拿一波行情 ...

Group 1 - The A-share market shows a stable upward trend with a slight increase of 4 points, indicating a positive market sentiment despite individual stock performance being mixed [1][2] - The emergence of a "10x stock" with the company "Shangwei New Materials" marking a significant milestone in the market [1][2] - "Hengrui Medicine" signed a potential overseas licensing deal worth $12 billion, setting a new record in the industry [1][2] Group 2 - The macroeconomic environment is favorable, with expectations of a likely interest rate cut by the Federal Reserve, entering a dollar release cycle which could benefit global markets [1][2] - The market has seen significant gains in multiple stocks since 2025, with a notable increase in the number of stocks reaching new highs [1][2] - Various sectors are showing activity, including the innovation drug sector, power supply PCB sector, and the insurance sector, indicating a diversified investment landscape [1][2]

证券研究报告｜基金配置周报 2025 年 07 月 29 日 | | 世界人工智能大会亮点纷呈，如何布局？ | | | --- | --- | --- | | | 【20250721-20250727】 | | | ◼ | 市场回顾：上周权益市场主要指数大幅走高，科创 50 涨幅最 | | | | 大，上涨 4.63%；债券市场长短端利率均有所上行，其中十年 | 大同证券研究中心 | | | 期国债上行 6.72BP ，一年期国债上行 3.45BP,期限利差有所 分析师：杨素婷 | | | | 走阔，长短端 AAA 信用利差均大幅走阔；基金市场中偏股基金 执业证书编号： | | | | 指数和二级债基指数均周度收涨，中长期纯债基金指数和短期 S0770524020002 | | | | 纯债基金指数均大幅回调；申万 31 个行业涨多跌少，周期板 | 邮箱：yangst@dtsbc.com.cn | | | 块集体反弹。 | | | ◼ | 权益类产品配置策略： | 地址：山西太原长治路 111 号山 | | ➢ | 事件驱动策略：（1）十部门联合印发 《促进农产品消费实施 西世贸中心 | A 座 F12、F1 ...