Focus Events - Zhuhai Tainuo Maibo Pharmaceutical Co., Ltd. has become the first company to have its IPO application accepted under the reactivated fifth listing standard of the Sci-Tech Innovation Board, focusing on innovative biopharmaceuticals for blood product alternatives [1] - Joy City Property plans to repurchase shares at HKD 0.62 per share, with a total amount of approximately HKD 29.32 billion, and will apply for the cancellation of its listing status on the Hong Kong Stock Exchange [3] - Microsoft has surpassed a market capitalization of USD 4 trillion, becoming the second company globally to achieve this milestone [3] Macro News - The National Development and Reform Commission emphasizes the need to deepen the construction of a unified national market and eliminate "involution" competition [8] - The Ministry of Commerce states that China and the U.S. will continue to promote the extension of previously suspended tariffs and countermeasures for 90 days, aiming to stabilize economic relations [10] Industry Dynamics - The domestic gaming market in China achieved a sales revenue of RMB 168 billion in the first half of 2025, marking a year-on-year growth of 14.08% and setting a historical record [10] - The National Medical Insurance Administration supports high-level innovative drugs by establishing a price stability period to ensure reasonable returns during the initial market phase [10] Company Focus - Sanhui Electric has signed a framework sales contract for robot products with Zibo Blue Ribbon Health Management Co., Ltd., with a commitment to sell at least 50 units in 2025 and 450 units by 2027 [12] - Henan Shuanghui Investment Development Co., Ltd. has signed a cooperation agreement with Henan Huirun Food Co., Ltd., expecting an annual output value of RMB 1.7 billion from the project [12] - Wukuang Securities has appointed Zheng Yu as the new chairman, who will also serve as the general manager, consolidating leadership roles [13] - Sinopec expects a net profit of RMB 20.1 billion to RMB 21.6 billion for the first half of 2025, impacted by falling international oil prices and competitive market conditions [14] - Shanying International plans to establish a partnership enterprise with a capital contribution of RMB 2.977 billion, aiming to attract long-term investors [15] - Shima Holdings intends to acquire a 10.27% stake in Nylon Chemical for RMB 952 million, increasing its ownership from 61.79% to 72.06% [18] - Ju Yi Technology has successfully won a bid for the Xiaopeng Huitian flying car factory project, applying innovative technologies for production [20]

证券日报网讯 7月31日晚间，三晖电气发布公告称，公司收到全资子公司三晖联璟智算（上海）高科技 有限公司与淄博蓝丝带健康管理有限公司于2025年7月31日签署了《产品销售框架合同》，双方本着公 平、自愿和公正的原则，在充分协商的基础上，就销售机器人设备等相关事宜，签订框架合同。 （文章来源：证券日报） ...

4、思泉新材：拟定增募资不超过4.66亿元，用于越南思泉新材散热产品项目、液冷散热研发中心项 目、信息化系统建设项目、补充流动资金。 5、长华集团：收到国内车企的定点开发通知书，定点产品主要为关键金属结构件。此次定点项目生命 周期5年，预计生命周期总销售金额约人民币2.2亿元，此次定点项目预计在2026年第3季度逐步开始量 产。 6、三晖电气：全资子公司三晖联璟智算与淄博蓝丝带健康管理有限公司就销售机器人设备等相关事宜 签订产品销售框架合同。 一、回购、增持 1、富安娜：拟以5585万元-1.04亿元回购股份，回购价格不超过人民币11元/股。 2、江南奕帆：董事兼总经理拟增持5万股-10万股。 二、投资合作、经营状况 1、汇绿生态：子公司武汉钧恒拟增加投资人民币6亿元，在鄂州市临空经济区分期建设高速率光模块的 生产基地，鉴于此武汉钧恒总投资约8亿元。 2、安凯微：发布低功耗锁控SoC芯片。 3、山河药辅：与淮南经济技术开发区管理委员会签订项目投资协议书，在淮南经开化工园区投资建设 高端辅料智造基地，总投资10.5亿元人民币。 *免责声明：文章内容仅供参考，不构成投资建议 *风险提示：股市有风险，入市需谨慎 7 ...

智通财经APP讯，三晖电气(002857.SZ)公告，公司全资子公司三晖联璟智算(上海)高科技有限公司(简 称"三晖联璟智算")与淄博蓝丝带健康管理有限公司(简称"蓝丝带")于2025年7月31日签署了《产品销售 框架合同》，双方就销售机器人设备等相关事宜签订框架合同。 该协议就机器人销售数量做了约定，2025年不低于50台;2026年不低于300台;2027年不低于450台。但具 体商用机器人、家用机器人产品名称型号，由双方在届时签署的后续实施协议中确定。 ...

Group 1 - The core point of the article is the signing of a framework contract between Sanhui Electric's subsidiary and Zibo Blue Ribbon Health Management for the sale of robotic equipment [1] - The agreement stipulates a minimum sales quantity of 50 units in 2025, 300 units in 2026, and 450 units in 2027 [1] - Specific product names and models for commercial and household robots will be determined in subsequent implementation agreements [1]

（文章来源：每日经济新闻） 每经AI快讯，7月31日，三晖电气（002857.SZ）公告称，全资子公司三晖联璟智算与淄博蓝丝带健康管 理有限公司签订《产品销售框架合同》，双方就销售机器人设备等相关事宜达成初步合作意向。销售产 品清单为2025年不低于50台；2026年不低于300台；2027年不低于450台。具体商用机器人、家用机器人 产品名称型号，由双方在届时签署的后续实施协议中确定。框架合同不涉及具体金额，具体事宜将另行 协商约定。预计对公司本年度的财务状况、经营成果不会产生重大影响，但有助于加速公司机器人业务 商业化进程与应用落地。 ...

人民财讯7月31日电，三晖电气（002857）7月31日晚间公告，公司全资子公司三晖联璟智算(上海)高科 技有限公司与淄博蓝丝带健康管理有限公司7月31日签署《产品销售框架合同》，就销售机器人设备等 相关事宜，签订框架合同。 销售产品清单为：2025年不低于50台；2026年不低于300台；2027年不低于450台；具体由双方在届时签 署的后续实施协议中确定。此次框架合同的签署，有助于加速公司机器人业务商业化进程与应用落地。 ...

格隆汇7月31日丨三晖电气(002857.SZ)公布，公司收到全资子公司三晖联璟智算(上海)高科技有限公司 (简称"三晖联璟智算")与淄博蓝丝带健康管理有限公司(简称"蓝丝带")于2025年7月31日签署了《产品销 售框架合同》，双方本着公平、自愿和公正的原则，在充分协商的基础上，就销售机器人设备等相关事 宜，签订框架合同。 ...

Investment Rating - The industry is rated as "Positive" for the next 12 months, indicating an expected increase in performance relative to the CSI 300 index [30][38]. Core Views - The Yarlung Tsangpo River downstream hydropower project officially commenced on July 19, with a total investment of approximately 1.2 trillion yuan, which is expected to generate a demand for construction machinery of around 180 billion yuan [30][11]. - Excavator sales in June 2025 reached 18,800 units, a year-on-year increase of 13.3%, with total sales for the first half of the year at 120,500 units, up 16.8% year-on-year [30][4]. - The average operating rate of construction machinery nationwide in the first half of 2025 was 44.81%, indicating stable progress in infrastructure projects [30][11]. Industry News - The Yarlung Tsangpo River downstream hydropower project officially started on July 19, 2025, with a total investment of approximately 1.2 trillion yuan [11]. - UBTECH won a procurement project for robotic equipment worth 90.5115 million yuan, marking one of the largest single procurement orders in the industry [11]. - The average operating rate of construction machinery in the first half of 2025 was 44.81%, with 15 provinces exceeding 50% [11]. Company Announcements - Dongfang Precision signed a strategic cooperation agreement with Leju Robotics on July 21, 2025, focusing on humanoid robots [18]. - Kory Technology plans to increase its wholly-owned subsidiary Kory Technology's capital by 300 million yuan [19]. Market Review - From July 16 to July 22, 2025, the CSI 300 index rose by 2.49%, while the Shenwan Machinery Equipment Industry increased by 5.05%, outperforming the CSI 300 by 2.57 percentage points [20][3]. - As of July 22, 2025, the price-to-earnings ratio (TTM) for the Shenwan Machinery Equipment Industry was 28.92 times, with a valuation premium of 126.54% compared to the CSI 300 [21][3].

Market Performance - The A-share market continued its upward trend, with the Shanghai Composite Index and the ChiNext Index reaching new highs for the year, closing at 3559.79 points (up 0.72%) and 2296.88 points (up 0.87%) respectively [1] - The total trading volume in the Shanghai and Shenzhen markets reached 172.71 billion yuan, an increase of 133.9 billion yuan compared to the previous trading day [1] Infrastructure Sector - The infrastructure sector, particularly water conservancy and hydropower, saw significant gains following the commencement of a national-level hydropower project, with stocks like Beikang Technology and Wuxin Tunnel Equipment hitting the daily limit of 30% [2] - The Yarlung Tsangpo River downstream hydropower project, which involves the construction of five cascade power stations with a total investment of approximately 1.2 trillion yuan, is expected to stimulate demand across multiple industry chains [2] Robotics Sector - The humanoid robotics sector remained active, with stocks such as Changsheng Bearing and WanDa Bearing seeing gains of 20% and over 10% respectively [3] - The leading stock, Aowei New Materials, achieved a cumulative increase of 416.20% since July 9, marking its ninth consecutive trading day of gains [3] - The sector is experiencing multiple catalysts, including a significant procurement order for robot equipment from UBTECH Technology, which is the largest in the global humanoid robotics market [3] Industry Outlook - Wanlian Securities highlighted that the humanoid robotics industry is at a critical juncture for commercialization, with increasing policy support and technological advancements driving growth [4] - Huaxi Securities anticipates a new round of market uptrend, suggesting that the market's bullish sentiment is solidifying as the Shanghai Composite Index stabilizes above 3500 points [5] - Haitong Securities noted a shift in market style towards large-cap growth stocks, supported by low valuations in "anti-involution" sectors and strong financial data from June [6]