天眼查App显示，近日，云南瀚方坤舆电子材料有限公司成立，法定代表人为周鼎，注册资本5000万人 民币，经营范围为一般项目：电子专用材料制造；合成材料制造（不含危险化学品）；非金属矿物制品 制造；特种陶瓷制品制造；专用设备制造（不含许可类专业设备制造）；电力电子元器件制造；耐火材 料生产；新材料技术研发；电子专用材料研发；新材料技术推广服务；技术服务、技术开发、技术咨 询、技术交流、技术转让、技术推广；电子专用材料销售；非金属矿及制品销售；合成材料销售；特种 陶瓷制品销售；新型陶瓷材料销售；金属基复合材料和陶瓷基复合材料销售；新型金属功能材料销售； 金属材料销售；耐火材料销售；装卸搬运；货物进出口；技术进出口；劳务服务（不含劳务派遣）。 （除依法须经批准的项目外，凭营业执照依法自主开展经营活动）。 ...

天眼查App显示，近日，成都市镓铱锗钍新材料科技有限公司成立，法定代表人为王宇林，注册资本 100万人民币，经营范围为一般项目：新材料技术研发；电子专用材料研发；生物基材料技术研发；建 筑装饰材料销售；新型陶瓷材料销售；新型金属功能材料销售；新型膜材料销售；防火封堵材料销售； 磁性材料销售；汽车零配件零售；汽车装饰用品销售；涂料销售（不含危险化学品）；表面功能材料销 售；信息咨询服务（不含许可类信息咨询服务）；信息技术咨询服务；日用品销售；日用百货销售。 （除依法须经批准的项目外，凭营业执照依法自主开展经营活动）。 ...

Company Overview - Recently, Lingwu Energy Technology (Xining) Co., Ltd. was established with a registered capital of 100 million RMB [1] - The legal representative of the company is Zhang Xinzhi, and it is wholly owned by Nongfa Urban Construction Development (Xining) Co., Ltd. [1] Business Scope - The company's business scope includes engineering and technology research and experimental development, battery manufacturing, battery sales, production of battery accessories, manufacturing of power distribution and control equipment, and various technical services [1] - Additional activities include engineering management services, energy storage technology services, sales of electronic special materials, and manufacturing of mechanical and electrical equipment [1] Company Structure - The company is classified as a limited liability company (non-natural person investment or holding) [1] - The business address is located in the Nanchuan Industrial Park, Xining City, Qinghai Province [1] - The company is registered under the manufacturing industry, specifically in the electrical machinery and equipment manufacturing sector [1]

Group 1 - Shenzhen Jereon Technology Co., Ltd. has been established with a registered capital of 500,000 RMB [1] - The legal representative of the company is Tao Wenjie [1] - The company's business scope includes sales of electronic products, research and development of mechanical equipment, and sales of electronic specialized materials [1] Group 2 - The company is involved in various activities such as retail of electronic components, sales of semiconductor lighting devices, and manufacturing of display devices [1] - It also provides technical services, development, consulting, and technology transfer [1] - The company is permitted to engage in online data processing and transaction processing business [1]

Group 1 - Xiamen Times New Energy Power Technology Co., Ltd. has been established with a registered capital of 2 billion RMB [1] - The company is wholly owned by Contemporary Amperex Technology Co., Limited (CATL) [1] - The business scope includes technology services, battery manufacturing and sales, and electronic materials sales [1] Group 2 - The legal representative of the new company is Chen Weifeng [1] - The company is classified under the manufacturing industry, specifically in electrical machinery and equipment manufacturing [1] - The registered address is located in Xiamen Torch High-tech Zone (Xiang'an) [1]

8月20日，BOE（京东方）材料研究院项目在山东省烟台市黄渤海新区八角片区开工。 图片来源：京东方 该公司由京东方材料、万润股份、德邦科技、业达经发4家企业共同投资设立，出资总额为8亿 元。其中，京东方材料出资4.64亿元，占比58%；万润股份出资1.6亿元，占比20%；德邦科技出 资1.44亿元，占比18%；业达经发出资3200万元，占比4%。其中，京东方材料由京东方全资持 股，是旗下布局电子材料业务的全资子公司。 图片来源：京东方 京东方在开工仪式上表示，烟台京东方材料研究院是京东方布局新一代材料技术的关键一步，将成 为公司探索半导体显示相关材料创新的前沿实验室，成为打通基础研究与产业应用的关键转化器。 （集邦Display整理） #京东方 #显示材料 【集邦Display显示产业交流群】 据介绍，烟台京东方材料研究院占地3.3万平方米，总建筑面积5.5万平方米，规划集研发中心、先 进测试分析平台、行政办公及完善的生活配套于一体，预计2026年底投入使用。该研究院通过打 造基于AI+的自动化合成、全自动分析检测、知识产权、材料验证的四大技术平台，致力于构建业 界领先的全自动材料研发与产业化闭环体系，实现材 ...

Core Insights - Hebei Lide Electronic Technology Co., Ltd. has been established with a registered capital of 5 million RMB [1] - The company is involved in various sectors including electronic materials research and development, machinery sales and leasing, and smart robotics [1] - The company also focuses on electric vehicle charging infrastructure and solar power technology services [1] Company Overview - The legal representative of the company is Wei Chi Sai [1] - The business scope includes general projects such as the sale and maintenance of industrial robots, and the sale of new energy vehicle accessories [1] - The company is authorized to engage in power generation, transmission, and distribution activities, subject to regulatory approvals [1]

Economic Overview - The national economy shows a steady growth trend, with industrial added value above designated size increasing by 5.7% year-on-year in July and 6.3% from January to July [1][3] - The service industry continues to grow rapidly, contributing significantly to economic stability [6] Industrial Production - Industrial production maintains robust growth, with high-quality development progressing steadily, showcasing resilience and potential [1] - High-tech manufacturing added value increased by 9.3% year-on-year in July, with significant growth in integrated circuits and electronic materials [2] - Equipment manufacturing and high-tech manufacturing sectors are key contributors, with respective growth rates of 8.4% and 9.3% [1][2] Investment Trends - Fixed asset investment continues to expand, with a total of 288,229 billion yuan from January to July, marking a 1.6% year-on-year increase [3] - Manufacturing investment grew by 6.2%, with high-tech industries such as aerospace and information services seeing substantial increases [3] Consumer Market - Retail sales showed positive growth, with total retail sales reaching 38,780 billion yuan in July, up 3.7% year-on-year [4] - Online retail sales increased by 9.2%, indicating a strong shift towards e-commerce [4][5] - The consumption upgrade policy, including trade-in programs, has positively impacted sales of upgraded goods [5] Service Sector Growth - The service sector's contribution to economic growth is significant, with a 5.5% year-on-year increase in added value in the first half of 2025 [6] - The service production index rose by 5.8% in July, with information technology services growing at 11.9% [6]

Group 1 - The core viewpoint emphasizes the need for macroeconomic policies to continuously exert force and adapt as necessary to stabilize and stimulate economic growth, especially in light of recent economic indicators showing a slowdown [2][8][10] - The National Bureau of Statistics reported a decline in key economic indicators for July, including a 3.7% year-on-year growth in retail sales of consumer goods, which is the lowest for the year [3][4] - Investment in fixed assets (excluding rural households) reached 288.229 billion yuan in the first seven months, showing a year-on-year growth of 1.6%, with infrastructure investment growing by 3.2% [4][6] Group 2 - The government is expected to implement new incremental policies, including timely budget increases, interest rate cuts, and measures to support the real estate sector and foreign trade enterprises [2][8][9] - The manufacturing sector, particularly high-tech industries, has shown resilience, with significant year-on-year growth in sectors such as integrated circuit manufacturing (26.9%) and electronic materials (21.7%) [3][6] - The service sector's retail sales remained stable, with a 5.2% growth from January to July, indicating a sustained expansion in consumption [4][6] Group 3 - The government plans to enhance fiscal policies by accelerating the issuance of special bonds and improving the effectiveness of fiscal measures to stimulate economic activity [10][11] - The People's Bank of China aims to maintain a moderately loose monetary policy while optimizing the structure of financial resource allocation to support innovation and advanced manufacturing [11][12] - The focus on expanding domestic demand and enhancing the adaptability of supply and demand in consumer goods is a priority for the Ministry of Industry and Information Technology [12]

Report Overview - The report is an event review of the economic data for July 2025 released by the National Bureau of Statistics on August 15, 2025, covering production, consumption, investment, market, and bond market views [1]. Industry Investment Rating - No industry investment rating is provided in the report. Core Viewpoints - In the second half of 2025, the economic growth rate may not decline significantly; structural issues such as prices are trending towards improvement; the allocation between stocks and bonds will continue to shift, with bond yields and the stock market expected to rise continuously [6]. Summary by Section Production - In July, the year - on - year growth rate of the added value of industrial enterprises above the designated size was 5.7%, 1.1 percentage points slower than that in June, and the month - on - month growth rate was 0.38%. The growth rate slowed down slightly due to seasonal factors [2]. - The equipment manufacturing industry continued to play a key role in industrial production. In July, the year - on - year growth rate of the added value of the equipment manufacturing industry above the designated size was 8.4%, significantly supporting the growth of industrial enterprises above the designated size [2]. - The high - end trend of the manufacturing industry continued. In July, the year - on - year growth rates of the added value of the high - tech manufacturing industry and the digital product manufacturing industry above the designated size were 9.3% and 8.4% respectively, both higher than the growth rate of industrial enterprises above the designated size. The integrated circuit and electronic special material manufacturing industries grew by 26.9% and 21.7% respectively [2]. Consumption - In July, the year - on - year growth rate of the total retail sales of consumer goods was 3.7%, 1.1 percentage points slower than that in June, and the month - on - month decline was 0.14%. The year - on - year decline in total retail sales was mainly due to the suspension of national subsidies in some regions [3]. - In July, the year - on - year growth rates of catering revenue and catering revenue of units above the designated size were 1.1% and - 0.3% respectively, up 0.2 and 0.1 percentage points from June. With the cooling of subsidies on food delivery platforms, catering revenue is expected to bottom out and rebound [3]. Investment - From January to July, the year - on - year growth rate of fixed asset investment was 1.6%, 1.2 percentage points lower than that from January to June; after excluding real estate development investment, the year - on - year growth rate of national fixed asset investment was 5.3%, 1.3 percentage points lower than that from January to June [4]. - The investment in water conservancy management and information transmission industries from January to July increased by 12.6% and 8.3% respectively. The investment in equipment and tools increased by 15.2% year - on - year, accounting for 16.2% of the total investment and driving the overall investment growth by 2.2 percentage points [4]. - From January to July, the year - on - year decline in real estate development investment was 12%, 0.8 percentage points wider than that from January to June. The sales area and sales volume of newly built commercial housing decreased by 4.0% and 6.5% respectively year - on - year, with the decline rates 0.5 and 1.0 percentage points wider than those from January to June, both at the lowest growth rates of the year. The real estate investment is searching for the bottom. The national real estate climate index further declined to 93.34, still in a low - level climate range [4]. Market - After the economic data were released at 10:00, the yields fluctuated downward under the push of the fundamentals and the support of funds. However, after the mid - day break, affected by the strong performance of the stock market, the yields fluctuated upward again [5]. Bond Market Viewpoints - Under the revision of economic expectations, bond yields are expected to rise trendingly. For the allocation between stocks and bonds, the report maintains the view that in the second half of 2025, the economic growth rate may not decline significantly; structural issues such as prices are trending towards improvement; the allocation between stocks and bonds will continue to shift, with bond yields and the stock market expected to rise continuously [6].