金融上，2022年2月24日俄乌事后，美国冻3000亿俄罗斯资产，4月扩展二级制裁。华尔街监控资金，中国央行调整储备，加速人民币结算。2024年3月，中 伊25年合作协议签，戈壁管道铺设。7月，中俄西伯利亚力量2谈判加速，黑河勘探钻孔。 到2025年1月20日，特朗普二度上台，延长关税休战90天，到5月10日。4月4日，中国财政部加34%关税匹配互惠，北京海关批准出口单。5月14日，美国警 告盟国禁用华为昇腾AI，深圳发布麒麟9020，8月20日Pura 80手机上市。 2018年，美国那边突然发起贸易战，3月22日就签了备忘录，对500亿美元中国商品加关税，理由是知识产权啥的。咱们这边也没闲着，4月2日就回击了，对 美国大豆汽车等128项产品征收关税。工厂那边赶紧调整，供应链开始往东南亚挪，全球贸易链子就这么搅和起来了。 到7月6日，第一批340亿美元关税落地，美国海关忙着检查集装箱，中国这边天津港对波音飞机加税，维修工们检查进口件。9月又来第二轮2000亿美元，涵 盖家具海鲜啥的，美国零售商清库存，中国义乌市场转销欧盟。咱们的反制也跟上，600亿美元覆盖天然气化工，黑龙江边境管道焊工加班。 2019年5月 ...

Market Overview - The three major U.S. stock indices closed higher, with the Dow Jones up 0.77%, S&P 500 up 0.83%, and Nasdaq up 0.98% [1] - Western Digital rose over 5%, and Micron Technology increased over 4%, while major tech stocks like Amazon and Tesla also saw gains [1] - Chinese concept stocks mostly declined, with the Nasdaq Golden Dragon China Index down 1.11% [1] Energy Storage Industry - A surge in overseas demand has triggered a "buying spree" for energy storage cells, marking a significant shift in the global energy landscape [2] - In Europe, new energy storage installations reached 12 GWh in the first half of 2025, a 210% increase year-on-year, with household storage accounting for over 60% [2] - China's energy storage cell exports are projected to reach 85 GWh in the first half of 2025, a 280% increase, capturing over 75% of the global market share [2] Beidou Industry - The Beidou industry is expected to see a total output value of 500 billion to 600 billion yuan by 2025, representing nearly a 50% increase from 2020 [4] - The industry is projected to exceed 1.5 trillion yuan by 2030, with high-precision positioning services and low-altitude economy as core growth areas [4] - The Beidou industry is in a critical phase of deepening application and enhancing global competitiveness, benefiting from policy support and technological advancements [4] Foldable Smartphone Market - Huawei's Mate XTs foldable smartphone was launched with a starting price of 17,999 yuan, featuring the Kirin 9020 chip and Harmony OS [5] - In the first half of 2025, China's foldable smartphone shipments reached 4.98 million units, a 12.6% year-on-year increase, with Huawei holding a 75% market share [5][6] - Apple is preparing to enter the foldable smartphone market, with plans to launch its first foldable iPhone in 2026 [6] Shareholding Changes - Guo Hong, a shareholder of Guocera Materials, plans to reduce holdings by up to 3 million shares, representing 0.30% of the total share capital [7] - The shareholder of Jiahe Meikang intends to reduce holdings by up to 137,590 shares, accounting for 1% of the total share capital [7] - Jimin Health's controlling shareholder plans to reduce holdings by up to 15,752,700 shares, which is 3% of the total share capital [7]

Market News - The three major U.S. stock indices closed higher, with the Dow Jones up 0.77%, S&P 500 up 0.83%, and Nasdaq up 0.98% [1] - Western Digital rose over 5%, Micron Technology rose over 4%, and large tech stocks strengthened, with Amazon up over 4% and Tesla up over 1% [1] - Chinese concept stocks mostly declined, with the Nasdaq Golden Dragon China Index down 1.11%, Alibaba down over 4%, NIO down over 3%, and XPeng down over 2% [1] - International precious metal futures generally fell, with COMEX gold futures down 0.91% at $3602.40 per ounce and COMEX silver futures down 1.77% at $41.32 per ounce [1] - International oil prices collectively fell, with WTI crude down 0.98% at $63.34 per barrel and Brent crude down 1.11% at $66.85 per barrel [1] - European stock indices closed mixed, with Germany's DAX up 0.74%, France's CAC40 down 0.27%, and the UK's FTSE 100 up 0.42% [1] Industry Insights - A surge in overseas demand has triggered a "buying spree" for energy storage cells, marking a chain reaction in the global energy landscape [2] - In North America, the market is driven by both large-scale and commercial storage [2] - In Europe, countries like Germany and Italy have seen household storage penetration rates exceed 25%, with a significant increase in new installations [2] - In the first half of 2025, Europe is expected to add 12 GWh of new storage capacity, a 210% year-on-year increase, with household storage accounting for over 60% [2] - The demand for Chinese energy storage cells is surging, with exports expected to reach 85 GWh in the first half of 2025, a 280% increase year-on-year, capturing over 75% of the global market [2] - The small storage cell market is experiencing rapid growth, with global shipments reaching 21.65 GWh in the first half of 2025 [2] - The North Star industry in China is projected to reach a total output value of 500 billion to 600 billion yuan by 2025, with a compound annual growth rate exceeding 10% [4] - Huawei's Mate XTs foldable smartphone was launched at a starting price of 17,999 yuan, featuring the Kirin 9020 chip and Harmony OS [5] - In the first half of 2025, China's foldable smartphone shipments reached 4.98 million units, a 12.6% year-on-year increase, with Huawei capturing 75% of the market share [5] - Apple plans to launch its first foldable iPhone in 2026, which is expected to accelerate the growth of the foldable smartphone market [6]

华为Mate XTs超凡大师起售价17999元起，3个档位分别比Mate XT各档位定价低2000元。余承东介绍时称，“三折叠屏堪称炒股神器，用大屏看大盘，祝大家赚大钱。” https://t.co/kutDfl0BKW外汇交易员 (@myfxtrader):华为公开Mate XTs非凡大师手机芯片型号，为麒麟9020（Mate70同款），介绍称整机性能提升36%。 https://t.co/51xs7CuDJD ...

华为公开Mate XTs非凡大师手机芯片型号，为麒麟9020（Mate70同款），介绍称整机性能提升36%。 https://t.co/51xs7CuDJD ...

Group 1: Institutional Trading Insights - Today, 33 stocks were listed on the institutional trading leaderboard, with 18 stocks seeing net purchases and 25 stocks experiencing net sales [1] - The top three stocks with the highest net purchases by institutions were: Liou Co., Ltd. (¥471 million), Lingyi Manufacturing (¥363 million), and Jiu Gui Jiu (¥166 million) [1][2] Group 2: Semiconductor Industry Developments - The domestic chip industry is seeing significant advancements, with companies like Shengke Communication delivering high-end 800G switching capacity chips for data centers, expected to expand market reach [4] - Huaxia Securities predicts that by 2025, domestic chip achievements will be substantial, with Huawei's Pura80 series featuring the Kirin 9020 chip, showcasing supply chain breakthroughs [4] - The C6P series CPU from Lanjing Technology is noted for its competitive advantages, indicating a strong momentum in domestic chip innovation [6] Group 3: Apple Supply Chain Dynamics - Yian Technology's subsidiary has capabilities in producing folding screen hinge components, which are already applied in several market-released brand models [7] - Chaoyang Technology is involved in the production of acoustic products and precision components, entering the supply chain of major brands like Apple [7] - Reports indicate that Apple's iPhone 17 has entered mass production, with significant material stockpiling exceeding 90 million units, suggesting a robust growth cycle driven by hardware innovation and AI integration [7]

Market Overview - The market experienced fluctuations, with the Shanghai Composite Index reaching a nearly 10-year high, while the ChiNext Index fell over 2% before recovering at the close [1] - Consumer stocks, particularly in the liquor sector, showed strength, with stocks like JiuGuiJiu and HuiQiShan hitting the daily limit [1] - Semiconductor stocks surged, with companies like ShengKe Communication and SanAn Optoelectronics reaching their daily limit, and HanGuangJi rising over 8% to set a new high [1] - The automotive sector also saw gains in the afternoon, with SAIC Motor hitting the daily limit [1] - Overall, more than 3,600 stocks in the Shanghai and Shenzhen markets rose, with a total trading volume of 2.44 trillion [1] Hot Topics Domestic Chips - The domestic chip sector saw significant gains, with stocks like DianZiCheng and XingYe Shares hitting their daily limit [4] - HanGuangJi's stock price surpassed 1,000 yuan, reflecting strong performance in the sector [4] - Analysts predict that by 2025, domestic chip achievements will be substantial, with Huawei's Pura80 series featuring the advanced Kirin 9020 chip [4] - The rapid iteration of domestic chips and strong innovation momentum are expected to enhance their global competitiveness [4] - Reports indicated that Nvidia is developing an AI chip, B30A, aimed at the Chinese market [5] Apple Supply Chain - The Apple supply chain experienced a surge, with stocks like KeSen Technology and ZhaoYang Technology hitting their daily limit [8] - The iPhone 17 has entered mass production, with Foxconn ramping up hiring at its Zhengzhou plant [8] - Analysts expect that the iPhone 17 will see upgrades in SOC chip AI capabilities and other components, enhancing its value [10] Consumer Sector - The consumer sector was active, particularly in the liquor market, with stocks like JiuGuiJiu and HuiQiShan hitting their daily limit [11] - The State Council emphasized the importance of stimulating domestic consumption, which is expected to improve the supply-demand balance in the liquor sector [11] - Analysts noted that the recent demand-side policies, including childcare subsidies, are likely to boost dairy product consumption [14]

Investment Rating - The industry rating is "Recommended" [5] Core Insights - The domestic chip industry is experiencing significant advancements, with Huawei's Pura80 series featuring the Kirin 9020 processor, showcasing supply chain breakthroughs and technological confidence [13][26] - The tightening of policies regarding high-performance chips in the U.S. is accelerating the development of domestic AI chips and computing infrastructure in China [14][45] - The report highlights various investment opportunities across sectors such as computing leasing, AI power, AI chips, IDC, green energy, and Huawei server-related companies [15] Summary by Sections Domestic Computing Power: Multi-Dimensional Layout Building Core Competitiveness in the Intelligent Era - In August 2025, the domestic chip sector achieved substantial results, with Huawei's Pura80 series upgrading to the Kirin 9020 processor, indicating a significant leap in performance and supply chain stability [13][26] - The new generation C86 processor from Haiguang Information shows comprehensive performance improvements and plans for full-stack capability integration [13][36] - The C6P series CPU launched by Lanke Technology demonstrates significant advantages in performance and competitiveness, contributing to the upgrade of domestic computing infrastructure [13][42] Policies on High-Performance Chips Tightening, Accelerating the Improvement of Domestic Systems - The U.S. has tightened security reviews on high-performance GPUs, impacting companies like NVIDIA, which has faced scrutiny and new export conditions [14][45] - The domestic market is increasingly demanding self-controlled computing power, leading to a shift in policy and capital towards domestic AI chip manufacturers [14][45] Investment Recommendations - Beneficial stocks include: - Computing leasing: Youfang Technology, Hongjing Technology, Xiechuang Data - AI power: Zhongheng Electric, Maigemi Te, Oulutong - AI chips: Hanwujing, Haiguang Information, Chip Origin - IDC: Runze Technology, Runjian Shares, Dawi Technology - Green energy: Yingfeng Environment, Langxin Group, Guoneng Rixin - Huawei server-related: Gaoxin Development, Tuowei Information, Huasheng Tiancai, Ruantong Power [15]

Core Viewpoint - Huawei launched the new Pura 80 Ultra imaging flagship in Dubai, priced at 5,099 AED, approximately 9,961 CNY, with notable differences from the domestic version [1] Group 1: Product Specifications - The Pura 80 Ultra features a 6.8-inch LTPO display with a resolution of 2848×1276 and is powered by the Kirin 9020 chip [3] - It includes a front camera of 13 million pixels and supports 100W wired and 80W wireless charging [3] - The device introduces a dual long-focus lens system, combining a 3.7x medium-long focus lens with a 9.4x super long focus lens, utilizing a 1/1.28-inch main sensor for enhanced light intake [3] - The upgraded one-inch ultra-sensitive main camera offers a dynamic range 15 times greater than its predecessor, improving low-light performance [3] Group 2: Chipset Details - The Kirin 9010S is a new flagship chip used in the standard Pura 80, featuring a configuration of 1×2.3GHz super core, 3×2.18GHz large cores, and 4×1.55GHz small cores, with a Maleoon 910 GPU [5] - The Kirin 9020 is Huawei's most powerful mobile chip, consisting of 1×2.5GHz super core, 3×2.15GHz large cores, and 4×1.6GHz small cores, paired with a Maleoon 920 GPU [5] Group 3: Market Availability - The Pura 80 standard version is set to launch this month, while the Pura 80 Ultra is already available for sale, with the domestic version starting at 9,999 CNY [5]

Core Insights - Huawei launched the Pura80 series overseas on July 10, featuring the Kirin 9010S processor for the Pura80 and the Kirin 9020 processor for the Pura80 Ultra [1] Group 1 - The Pura80 series was introduced to the international market [1] - The Pura80 is equipped with the Kirin 9010S processor [1] - The Pura80 Ultra features the Kirin 9020 processor [1]