B.外围市场 美股三大指数收盘均小幅下跌大型科技股涨跌不一 天普股份（605255）：8月22日至12月30日累计上涨718.39%股票今起停牌核查 天普股份(605255.SH)公告称，鉴于近期公司股票价格短期波动较大，且公司股价累计涨幅较大，自8月 22日至12月30日累计上涨718.39%，期间已累积巨大交易风险，现已严重偏离上市公司基本面，为进一 步维护投资者利益，公司就近期股票交易情况进行停牌核查。经向上海证券交易所申请，公司股票将于 2025年12月31日(星期三)开市起停牌，自披露核查公告后复牌。公司无开展人工智能相关业务的计划， 与股东中昊芯英未签订任何框架性合作协议。中昊芯英自身现有资本证券化路径与上市公司无关，无资 产注入计划。 10连板嘉美包装：如未来股票价格进一步异常上涨可能申请停牌核查 嘉美包装(002969.SZ)发布股票交易异常波动的公告，公司基本面未发生重大变化，但近期公司股票价 格严重脱离公司基本面情况，投资者参与交易可能面临较大风险，如未来公司股票价格进一步异常上 涨，公司可能申请停牌核查。逐越鸿智不存在未来12个月内改变上市公司主营业务或对上市公司主营业 务进行重大调整的 ...

Core Insights - Beverage packaging manufacturers are facing challenges due to changing consumer preferences, spending power, and policy impacts across different regions [1] Company Performance - Crown Holdings reported a 5% decline in Americas Beverage volumes in Q3, following a 10% growth in the same quarter last year, primarily due to a 15% volume drop in Brazil and Mexico [3] - Ardagh Metal Packaging experienced a 1% year-over-year dip in global beverage can shipments in Q3, with a 3% decline in the Americas and a 2% growth in Europe [4] - Despite challenges, Ardagh's North American shipments grew by 1%, while Brazilian volumes fell by 17% [4] Market Trends - There is strong customer demand for nonalcoholic beverages in cans in North America, with Ardagh maintaining a full-year shipment growth guidance of mid-single-digit percentage [5] - Market research indicates that nearly half of Americans plan to drink less alcohol in 2025, prompting major beer distributors to adapt [7] Future Outlook - Crown Holdings' CEO expressed optimism about the resilience of beverage cans, predicting volume growth by 2026 [4] - Ardagh is planning projects to retrofit production lines for better adaptability to different can sizes [6]

Core Insights - Ball Corporation (BALL) is set to report its second-quarter 2025 results on August 5, with net sales estimated at $3.15 billion, reflecting a 6.6% increase year-over-year [1] - The earnings consensus estimate is 87 cents per share, indicating a year-over-year growth of 17.6%, although this estimate has decreased by 1.1% over the past 60 days [1][5] - The company has a history of exceeding earnings estimates, with an average surprise of 4.9% over the last four quarters [2][3] Financial Performance Expectations - Q2 sales are projected to be driven by Beverage Packaging across all regions, despite rising labor and input costs potentially offsetting volume gains [5] - The Beverage Packaging segment in North and Central America is expected to generate net sales of $1.52 billion, a 3.2% year-over-year increase, with a projected operating income decline of 14.4% to $180 million [8] - The Europe segment's sales are anticipated to reach $923 million, indicating a 4.9% growth, while operating income is expected to drop by 13.6% [9] - The South America segment is projected to have net sales of $448 million, reflecting a 6.2% increase, but with a forecasted operating income decrease of 12.8% [10] Market Context - Ball Corporation's stock has declined by 10.1% over the past year, contrasting with a 1.9% decline in the industry [11] - The company is currently facing challenges due to weaker-than-expected demand and high input costs, which are likely to impact its Q2 performance [7]