曙光信息产业（北京）有限公司，成立于2001年，位于北京市，是一家以从事科技推广和应用服务业为 主的企业。企业注册资本47500万人民币。通过天眼查大数据分析，曙光信息产业（北京）有限公司共 对外投资了6家企业，参与招投标项目1226次，专利信息1616条，此外企业还拥有行政许可12个。 专利摘要显示，本申请涉及一种数据存储方法、装置、计算机设备、可读存储介质和程序产品。通过基 于内存页面的第一地址偏移确定待存储数据的索引信息，将索引信息和数据存储至内存页面中的数据 块，并将内存页面发送至存储线程，由存储线程根据内存页面中数据块存储的索引信息，将待存储的数 据进行存储。相较于传统的在单次传输中传输较少量的数据的方式，本方案通过在内存页面中构建数据 块，存储需要存储的数据及其索引信息，使得数据更紧凑地存放在存储过程时单次传输的内存页面中， 从而提高数据存储的效率。 金融界2025年8月23日消息，国家知识产权局信息显示，曙光信息产业股份有限公司、曙光信息产业 （北京）有限公司申请一项名为"数据存储方法、装置、计算机设备、可读存储介质和程序产品"的专 利，公开号CN120523397A，申请日期为2025年04月 ...

Report Title - 7-month economic progress with real estate investment under pressure - A panorama of China's economic data in July 2025 [1] Report Industry Investment Rating No relevant content provided. Core Views - In the first half of the year, the economy grew steadily. In July, industrial growth continued, with the added value of large-scale industries increasing by 5.7% year-on-year and 0.38% month-on-month. From January to July, it increased by 6.3% year-on-year. The PPI decreased by 3.6% year-on-year in July (unchanged from the previous month) and 0.2% month-on-month (narrowed by 0.2% compared to the previous month). The CPI remained flat year-on-year in July (0.1% in June) and increased by 0.4% month-on-month ( -0.1% in June), ending the consecutive month-on-month decline [2]. - Domestic demand still needs improvement, and external uncertainties are increasing. In July, the economy advanced steadily. The "anti-involution" optimized the supply chain and accelerated industrial upgrading. Service consumption supported the overall consumer market. Externally, trade protectionism and geopolitical risks intertwined, and continuous vigilance was needed for the impact of commodity supply chain disruptions and new US tariff policies on the second half of the year [4]. Summary by Directory Macro Events - On August 15, National Bureau of Statistics data showed that in July, the national economy maintained a steady and progressive development trend, with production and demand continuing [6]. Growth: Steady Growth - In July, industrial growth continued. The added value of large-scale industries increased by 5.7% year-on-year and 0.38% month-on-month. From January to July, it increased by 6.3% year-on-year. By category, the mining industry increased by 5.0% year-on-year, manufacturing by 6.2%, and the production and supply of electricity, heat, gas, and water by 3.3%. The added value of the equipment manufacturing industry increased by 8.4% year-on-year, and the high-tech manufacturing industry by 9.3%, 2.7 and 3.6 percentage points faster than the overall large-scale industries respectively [10]. Inflation: Month-on-Month Improvement - In July 2025, the PPI decreased by 3.6% year-on-year (unchanged from the previous month) and 0.2% month-on-month (narrowed by 0.2% compared to the previous month). The purchase price decreased by 4.5% year-on-year and 0.3% month-on-month. From January to July, the PPI decreased by 2.9% cumulatively. The CPI remained flat year-on-year in July (0.1% in June) and increased by 0.4% month-on-month ( -0.1% in June), ending the consecutive month-on-month decline. The core CPI increased by 0.8% year-on-year, with the increase expanding for three consecutive months, reaching a new high since March 2024 [19][39]. Investment: Marginal Slowdown - From January to July 2025, fixed - asset investment increased by 1.6% year-on-year (2.8% previously), and the month-on-month decline continued ( -0.63% in July). The investment growth rate of the secondary industry slowed down to 8.9% (manufacturing investment +6.2%), and the investment in the tertiary industry decreased by 2.3% (more affected by real estate) [53]. Production: Downstream Improvement - In the first half of 2025, the added value of large-scale industries increased by 6.4% year-on-year. The manufacturing industry increased by 7.0%. The downstream demand improved significantly, but the weakness of upstream raw material industries and export pressure were constraints [59]. Consumption: Structural Differentiation - In July 2025, the growth rate of the consumer market slowed down. From January to July, the total retail sales of consumer goods increased by 4.5% year-on-year (5.0% previously). The single - month retail sales in July increased by only 3.7% year-on-year, reaching a new low for the year. Service consumption showed resilience, while the growth of online channels slowed down [69]. Real Estate: Investment Under Pressure - From January to July, the national real estate development investment decreased by 12.0% year-on-year, with the decline expanding by 0.8% compared to January - June. The sales side remained weak, but policy - driven structural optimization accelerated inventory reduction [78].

Group 1 - The core point of the article is the patent application by SANY Red Elephant Battery Co., Ltd. for a charging control method and related technologies, which aims to enhance battery charging efficiency and safety [1] - The patent, published as CN120498078A, was applied for on May 5, 2025, and focuses on optimizing charging strategies based on the charging equipment's capacity and the battery's current needs [1] - The technology allows for dynamic adjustments in the charging process, ensuring safety within the lithium plating boundary while effectively reducing charging time [1] Group 2 - SANY Red Elephant Battery Co., Ltd. was established in 2022 and is located in Changsha, primarily engaged in the manufacturing of electrical machinery and equipment [1] - The company has a registered capital of 100 million RMB and has participated in 521 bidding projects, holding 127 patents and 89 administrative licenses according to Tianyancha data [1]

天眼查资料显示，中国工商银行股份有限公司，成立于1985年，位于北京市，是一家以从事货币金融服 务为主的企业。企业注册资本35640625.7089万人民币。通过天眼查大数据分析，中国工商银行股份有 限公司共对外投资了1085家企业，参与招投标项目5000次，财产线索方面有商标信息988条，专利信息 5000条，此外企业还拥有行政许可77个。 来源：金融界 金融界2025年8月5日消息，国家知识产权局信息显示，中国工商银行股份有限公司取得一项名为"数据 结算方法、装置、计算机设备、存储介质和程序产品"的专利，授权公告号CN114998017B，申请日期为 2022年06月。 ...

Group 1 - The core point of the article is that Tencent Technology (Shenzhen) Co., Ltd. has obtained a patent for a method and device related to "inference engine invocation," with the patent granted on August 5, 2025, and the application date being March 2022 [1] - Tencent Technology was established in 2000 and is primarily engaged in software and information technology services, with a registered capital of 2 million USD [1] - The company has invested in 15 enterprises and participated in 262 bidding projects, holding 5,000 trademark records and 5,000 patent records, along with 527 administrative licenses [1]

Group 1 - The core point of the article is that Tencent Technology (Shenzhen) Co., Ltd. has obtained a patent for a method and device related to deep image acquisition, indicating its ongoing innovation efforts in technology [1] Group 2 - Tencent Technology (Shenzhen) Co., Ltd. was established in 2000 and is primarily engaged in software and information technology services [1] - The company has a registered capital of 2 million USD [1] - Tencent Technology has invested in 15 companies and participated in 262 bidding projects [1] - The company holds 5000 trademark records and 5000 patent records, along with 501 administrative licenses [1]

Group 1 - The State Intellectual Property Office of China granted a patent to multiple companies under the name "Code Processing, Business Response Method and Device, Computer Equipment, Storage Medium" with the announcement number CN113986224B, applied for on November 2021 [1] - Hubei Tianrongxin Network Security Technology Co., Ltd. was established in 2000 in Wuhan, focusing on software and information technology services, with a registered capital of 30 million RMB [1] - Beijing Tianrongxin Network Security Technology Co., Ltd. was founded in 1995 in Beijing, also focusing on software and information technology services, with a registered capital of 350 million RMB [1] Group 2 - Beijing Tianrongxin Technology Co., Ltd. was established in 2003 in Beijing, primarily engaged in technology promotion and application services, with a registered capital of approximately 75.76 million RMB [2] - Beijing Tianrongxin Software Co., Ltd. was founded in 2012 in Beijing, focusing on software and information technology services, with a registered capital of 50 million RMB [2] - The companies have participated in numerous bidding projects, with Beijing Tianrongxin Network Security Technology Co., Ltd. involved in 5000 projects and Hubei Tianrongxin Network Security Technology Co., Ltd. in 19 projects [1][2]

Group 1 - The U.S. trade deficit unexpectedly widened by 18.7% in May, reaching $71.5 billion, driven by a 4% decline in exports and a slight 0.1% decrease in imports [1][4] - Total imports decreased by 0.1% to $350.5 billion, with consumer goods imports dropping by $4 billion, particularly in textiles, apparel, home goods, and toys [4] - Industrial raw materials imports also weakened, with a notable decline in finished metal materials, while motor vehicle parts and engines saw an increase of $3.4 billion [4] Group 2 - U.S. exports fell by 4% to $279 billion, with a significant 5.9% drop in goods exports, primarily due to a $10 billion decline in industrial raw materials exports [7] - Capital goods exports decreased by $1.9 billion, with reduced demand for semiconductors, aircraft engines, and communication equipment [7] - The only positive aspect was a $1.5 billion increase in pharmaceutical exports, indicating structural challenges in U.S. export competitiveness [7] Group 3 - Economists suggest that the current trade data may signal a shift in economic growth dynamics, as the record trade deficit in Q1 had previously hindered GDP growth by 4.6 percentage points [9] - The ongoing adjustments in import and export structures reflect a silent transformation in the U.S. economy, with import contraction indicating cooling domestic demand and weak exports revealing insufficient global demand [9] - The widening trade deficit may represent a typical sign of economic cycle transition, hinting at potential economic rebalancing opportunities [9]

金融界2025年6月28日消息，国家知识产权局信息显示，曙光信息产业（北京）有限公司;曙光信息产业 股份有限公司申请一项名为"配置方法、装置、计算机设备、存储介质和程序产品"的专利，公开号 CN120223526A，申请日期为2023年12月。 天眼查资料显示，曙光信息产业（北京）有限公司，成立于2001年，位于北京市，是一家以从事科技推 广和应用服务业为主的企业。企业注册资本47500万人民币。通过天眼查大数据分析，曙光信息产业 （北京）有限公司共对外投资了6家企业，参与招投标项目1225次，专利信息1578条，此外企业还拥有 行政许可12个。 曙光信息产业股份有限公司，成立于2006年，位于天津市，是一家以从事计算机、通信和其他电子设备 制造业为主的企业。企业注册资本146320.3784万人民币。通过天眼查大数据分析，曙光信息产业股份 有限公司共对外投资了41家企业，参与招投标项目538次，财产线索方面有商标信息411条，专利信息 1180条，此外企业还拥有行政许可54个。 专利摘要显示，本申请涉及一种配置方法、装置、计算机设备、存储介质和计算机程序产品，该方法用 于目标服务器的目标BMC中，包括：在该 ...

Summary of Key Points from the Conference Call Industry or Company Involved - The focus is on the A-share market and its potential for significant growth in the third quarter of 2025, particularly regarding the Shanghai Composite Index and various sectors within the market [1][5][21]. Core Insights and Arguments 1. **Market Outlook**: The A-share market is expected to experience a breakthrough rise, with the Shanghai Composite Index surpassing 3,450 points, indicating a potential new high since October 2022 [1][4]. 2. **Free Cash Flow Improvement**: There is a notable improvement in free cash flow among listed companies, driven by enhanced operating cash flow and a systematic decline in capital expenditures. This trend is expected to be confirmed in the upcoming half-year reports [1][6]. 3. **External Factors**: The reduction of external headwinds, such as geopolitical conflicts and the U.S.-China tariff war, is anticipated to alleviate market uncertainties, thereby supporting market growth [1][7]. 4. **Sector Performance**: Key sectors expected to perform well include TMT (Technology, Media, and Telecommunications), midstream manufacturing, and consumer services, with specific mentions of semiconductors, automotive, and food processing [19][27]. 5. **Profitability Trends**: Industrial enterprises are showing signs of profitability improvement, with revenue growth in various sectors, although profit margins remain under pressure due to price declines [13][14]. 6. **Investment Recommendations**: Recommended sectors for July 2025 include computers, electronics, machinery, biopharmaceuticals, defense, and non-ferrous metals, based on quantitative scoring and performance forecasts [21][22][23][24][25][26][27]. Other Important but Potentially Overlooked Content 1. **Macroeconomic Indicators**: Data from January to May 2025 indicates a slowdown in production growth, particularly in midstream manufacturing, while consumer sectors like home appliances and communication equipment are performing well [9][10]. 2. **Inventory and Contract Liabilities**: High contract liability growth in sectors such as defense, basic chemicals, and electronics suggests potential for continued performance improvement [17][18]. 3. **Market Correlation**: There is a strong correlation between market performance and industry fundamentals, with high-performing sectors aligning with positive financial indicators [19]. 4. **Geopolitical Context**: The geopolitical landscape, particularly regarding defense spending and military trade, is influencing market dynamics and sector recommendations [27]. This summary encapsulates the critical insights from the conference call, highlighting the expected market trends, sector performance, and underlying economic indicators that could influence investment decisions in the A-share market.