Important Market News - The U.S. stock market closed mixed, with the Nasdaq down 1.46%, S&P 500 down 0.59%, and Dow Jones up 0.02%, reaching an intraday all-time high [1] - Major tech stocks mostly declined, with AMD down over 5% and Nvidia down over 3%, marking the largest single-day drop since April 21 [1] - International precious metal futures generally fell, with COMEX gold futures down 0.57% at $3358.90 per ounce and COMEX silver futures down 1.84% at $37.33 per ounce [1] - International oil prices also dropped, with WTI crude down 1.12% at $62.00 per barrel and Brent crude down 0.95% at $65.97 per barrel [1] - European stock indices closed higher, with Germany's DAX up 0.45%, France's CAC40 up 1.22%, and the UK's FTSE 100 up 0.34% [1] Industry Insights - Shenzhen Longgang Data Co. has partnered with the Hong Kong Web3.0 Standardization Association to co-build a cross-border data compliance recognition mechanism, focusing on the global first RWA asset registration platform [2] - RWA (Real World Assets) aims to tokenize real-world assets like bonds and real estate through blockchain technology, enhancing asset liquidity and providing stable financial products in the Web3.0 space [2] - The total on-chain scale of RWA is projected to reach $25.21 billion by July 26, 2025, indicating significant growth potential in financing efficiency and application scope [2] - The Guangdong Provincial Government has introduced policies to support the high-quality development of commercial aerospace, including satellite constellation construction and investment in satellite networks [3] - The commercial aerospace market in China is expected to grow from 9.2 billion yuan in 2020 to 310 billion yuan by 2024, with a compound annual growth rate exceeding 100% [3] - Huawei's HarmonyOS has surpassed 10 million terminal devices, marking a significant milestone in its ecosystem development, with over 20,000 native applications launched [4][5] - The market for government digital services is expected to see a major upgrade with the launch of the Guangdong Digital Government app on HarmonyOS, indicating a growing adoption of the platform [4] - The commercial potential of HarmonyOS is projected to reach a scale of hundreds of billions, with a target of 100,000 native applications by 2025 [5]

Market Overview - Technology stocks impacted US markets, with the Nasdaq falling over 1%, marking its second-largest drop since April due to tariff impacts. The S&P 500 declined by 0.59%, while the Dow Jones increased by 0.02% [1] - Nvidia experienced a 3.5% drop, its largest single-day decline in nearly four months. Palantir fell over 9% for five consecutive days, while Intel rebounded by 7%. The Nasdaq Golden Dragon China Index preliminarily dropped by 0.9% [2] Economic Indicators - US Treasury yields reversed a three-day increase, with the ten-year yield retreating from a two-week high [3] - The US dollar index moved away from a two-week low, while the implied volatility of the Chinese yuan fell to a 17-month low [4] Commodity Markets - Oil prices fell over 1%, with US crude reaching a two-month low and Brent crude nearing a two-month low. Gold prices also declined, hitting a new low in over two weeks [5] Industry Developments - OpenAI launched a low-cost ChatGPT subscription in India, priced under $5 per month [6] - Elon Musk's Memphis supercomputer cluster is powered by over 200 Megapack energy storage systems, with a total investment expected to reach $40 billion [7] Domestic Policy and Industry Support - The Guangdong Provincial Government issued policies to promote high-quality development in commercial aerospace from 2025 to 2028, encouraging satellite internet services and supporting enterprises in satellite constellation investments [8][10] - The report from the securities firm pointed out that the recent surge in Cambricon's stock price indicates a potential overheating in the market, with a price-to-sales ratio reaching hundreds of times, reflecting a sentiment premium rather than traditional financial metrics [9] Technology Sector Updates - Apple’s iPhone 17 has entered mass production, with Foxconn ramping up hiring at its Zhengzhou plant. The supply chain is reportedly preparing over 90 million units [11] - Huawei's HarmonyOS has surpassed 10 million terminal devices, marking a significant milestone in its ecosystem development [12] Financial Performance - Companies like Zhongjing Electronics reported a net profit of 18.29 million yuan in the first half of the year, benefiting from AI technology and electric vehicle trends [16] - Dazhu CNC's net profit increased by 83.82% year-on-year to 263 million yuan, driven by demand in automotive electronics and advanced packaging solutions [16] New Stock Offerings - Hongyuan Co., a manufacturer of electromagnetic wires for high-voltage transformers, is set to launch an IPO at a price of 9.17 yuan per share on the Beijing Stock Exchange [14]

Group 1 - Huawei's HarmonyOS has surpassed 10 million terminal devices, marking a significant milestone in its ecosystem development [1] - The Guangdong digital government has upgraded its services with the launch of the HarmonyOS version of the Yuezhengyi app, which has completed its native architecture transformation [1] - Over 20,000 native applications have been launched on the HarmonyOS ecosystem, with major apps like WeChat, Douyin, and Alipay exceeding 2 million downloads [1] Group 2 - The demand for replacement in the government and enterprise market is expected to exceed 20 million units by 2025, with HarmonyOS PCs potentially capturing over 35% market share due to its national information security certification [1] - Huawei aims to achieve 100,000 native applications and over 7.2 million developers by 2025, with the market size potentially reaching hundreds of billions [1] - HarmonyOS PCs are positioned to connect various devices, creating a "one-time development, multi-end deployment" ecosystem [1] Group 3 - The company Fengzhushou is collaborating with Huawei on the HarmonyOS ecosystem, providing digital virtual goods transaction services [2] - Baolande has joined the HarmonyOS developer alliance and service ecosystem, planning to offer related products and services [3]

Core Insights - Guangdong's digital government construction is undergoing a significant upgrade with the launch of the Yuezhengyi HarmonyOS version APP for government workers across the province [1] Group 1 - The Yuezhengyi APP is the first government collaboration application in China to reach over one million users on the HarmonyOS platform [1] - The APP has completed the transformation to a native HarmonyOS architecture and application coverage [1]