证券研究报告：食品饮料 | 公司点评报告 股票投资评级 资料来源：聚源，中邮证券研究所 公司基本情况 | 最新收盘价（元） | 44.55 | | --- | --- | | 总股本/流通股本（亿股）12.47 | / 12.47 | | 总市值/流通市值（亿元）555 | / 555 | | 52 周内最高/最低价 | 56.37 / 35.59 | | 资产负债率(%) | 36.2% | | 市盈率 | 16.28 | | 第一大股东 | 今世缘集团有限公司 | 研究所 分析师:蔡雪昱 SAC 登记编号:S1340522070001 Email:caixueyu@cnpsec.com 分析师:张子健 SAC 登记编号:S1340524050001 Email:zhangzijian@cnpsec.com 今世缘(603369) 业绩释放真实经营压力，最差时点已过 l 投资要点 公司发布 2025 年中报,实现营业收入/归母净利润/扣非净利润 69.5/22.29/22.24 亿元，同比-4.84%/-9.46%/-9.08%。25H1 公司毛 利率/归母净利率为 73.41%/32.06%，分别同比-0 ...

Core Viewpoint - The TIOBE Index for August 2025 highlights that AI programming assistants have significantly boosted Python's popularity, achieving its highest ranking ever in the index [1][3]. Group 1: Python's Dominance - Python has reached a historical peak in the TIOBE Index, with a rating of 26.14%, far ahead of its competitors [18][23]. - The gap between Python and the second-ranked C++ is nearly 17%, indicating a substantial lead [17]. - The rise of AI tools like Microsoft Copilot and Google Gemini Code Assist has improved coding efficiency by approximately 20% when using popular programming languages [5][9]. Group 2: Competitors and Trends - The top six programming languages in the TIOBE Index are dominated by Python, C++, C, Java, C, and JavaScript, showcasing a "stronger gets stronger" phenomenon [9][22]. - Other languages such as Go, Perl, Delphi, and Fortran are engaged in a competitive struggle for rankings, with Perl making significant progress this year [10][23]. - Legacy languages like Visual Basic, SQL, and Ada continue to maintain relevance in specific domains, despite their declining popularity [14][13]. Group 3: Historical Context and Future Outlook - Python's historical ranking has improved significantly over the years, moving from 7th place in 2015 to 1st in 2025 [29]. - The article speculates on the potential for Python to dominate the programming landscape further if it overcomes its performance limitations [20][19]. - The TIOBE Index serves as a reflection of current trends in programming languages, influenced by the number of engineers, courses, and third-party vendors [30][31].

Group 1 - QDII funds have frequently adjusted subscription limits since August, with six funds announcing suspension or reduction of subscription limits [3][4] - Bosera Fund announced the suspension of subscriptions for its Nasdaq 100 ETF (QDII) starting August 4, citing the need to protect the interests of fund shareholders [3] - Wanji Fund also limited large subscriptions for its two QDII products, reducing the maximum subscription amount from 500,000 yuan to 100,000 yuan for one product, and suspending large subscriptions for another [4] Group 2 - As of August 6, over 60% of the 673 QDII funds were under subscription limits, with 30 funds suspended from subscriptions and 374 funds limiting large subscriptions [4] - A new batch of QDII investment quotas was approved in June, with 60 fund managers and securities firms receiving a total of 2.12 billion USD in new quotas [5] - Despite the new quotas, some fund companies still face tight quota issues, leading to subscription limits to protect existing shareholders amid market volatility [5]

Listing Announcements - Poloniex listed new cryptocurrencies: GP, C, SUPERGROK, HALVIORA, and VALENTINE [1] - Users are encouraged to prepare their crypto bags [1]

Listing Announcement - Poloniex 上线 Chainbase (C) [1] - Chainbase (C) 的充值将于 7 月 25 日 05:00 (UTC) 开放 [1] - Chainbase (C) 的全面交易将于 7 月 25 日 07:00 (UTC) 开放 [1]

Marketing Campaign - Chainbase is giving away $100,000 of $C for posting about @chainbasehq on Binance Square [1] - The more posts, the higher the reward [1]

Core Insights - The TIOBE Index for July 2025 reveals that Python, C, C++, Java, C, JavaScript, and Go have maintained their positions in the top seven programming languages for three consecutive years, forming a strong "first camp" [1][4] - The competition for the 8th to 12th positions is fierce among older languages like Visual Basic, SQL, Fortran, Ada, Perl, and Delphi, showcasing a "twilight of the gods" in the programming world [1][3] - Despite the emergence of newer languages like Rust, Kotlin, Dart, and Julia, they have not yet broken into the top ten due to the resilience of established languages [4][5] Rankings and Market Share - Python's market share has surged to 26.98%, significantly widening the gap with the second-ranked C++ at 9.80%, marking a dramatic lead [7][10] - The top ten programming languages in July 2025 are: Python, C++, C, Java, C, JavaScript, Go, Visual Basic, Ada, and Delphi/Object Pascal [14][16] Language Characteristics and Trends - Python is recognized for its ease of use and active community, despite criticisms regarding its performance speed [11][12] - Older languages like Visual Basic and SQL maintain relevance due to their roles in enterprise legacy systems and database foundations, respectively [5][4] - Ada is experiencing a resurgence in high-security applications, while Fortran remains entrenched in scientific computing [5][4] Historical Context - The TIOBE Index is updated monthly and reflects trends in programming languages based on the number of engineers, courses, and third-party vendors, providing insights into the current landscape of programming languages [20]

Group 1 - The core point of the announcement is that Yingda Fund Management Co., Ltd. has signed a fund sales agency agreement with Jiangsu Bank, allowing Jiangsu Bank to sell certain funds starting from July 11, 2025, specifically targeting institutional investors [1][2]. - Investors can perform various transactions such as account opening, subscription, redemption, and regular investment plans for the funds offered by Yingda through Jiangsu Bank, along with participating in fee discount activities [1][3]. - The announcement specifies that certain funds, such as Yingda Anxin 66-Month Regular Open Bond and Yingda Tongyou One-Year Regular Open Bond, are currently in a closed period and will not accept subscriptions or transfers [1]. Group 2 - Yingda Fund Management Co., Ltd. provides a customer service phone number (400-890-5288) and a website (www.ydamc.com) for investor inquiries [2]. - Investors engaging in regular investment plans through Jiangsu Bank must adhere to the bank's specific regulations and should understand the differences between regular investment and traditional savings methods [2]. - The fee discount activity allows investors to benefit from reduced fees when subscribing to the listed funds through Jiangsu Bank, with specific discount rates and periods to be announced by the bank [3].

Core Viewpoint - Emergent BioSolutions Inc. has secured a contract modification to deliver Vaccinia Immune Globulin Intravenous (Human) (VIGIV) to the U.S. Department of Health and Human Services for smallpox preparedness, highlighting the company's ongoing partnership with the U.S. government [1][2]. Group 1: Contract and Partnership - The contract modification involves additional doses of VIGIV, a treatment for complications arising from smallpox vaccination, under an existing 10-year contract with the Administration for Strategic Preparedness and Response (ASPR) [1]. - This modification follows a recent contract amendment for Botulism Antitoxin Heptavalent (BAT) with ASPR, indicating a broader collaboration between Emergent and the U.S. government in public health preparedness [2]. Group 2: Product Information - VIGIV is indicated for treating complications due to vaccinia vaccination, including severe generalized vaccinia and eczema vaccinatum, but is not indicated for postvaccinial encephalitis [3][4]. - The product has specific contraindications, including isolated vaccinia keratitis and severe allergic reactions to human globulins [4]. Group 3: Safety Information - Important safety information for VIGIV includes potential interactions with glucose monitoring systems, which may lead to falsely elevated blood glucose readings [3]. - Common adverse reactions reported in clinical trials for VIGIV include headache, nausea, rigors, and dizziness, with more than 10% of patients experiencing these effects [6].

Core Viewpoint - The TIOBE programming language ranking for June 2025 indicates a decline in SQL's popularity, dropping to 12th place, marking its historical low, while Python continues to dominate the rankings with a significant lead over other languages [2][20]. SQL's Historical Context - SQL reached its peak ranking at 6th place in October 2003 but was removed from the TIOBE index from 2004 to 2018 due to debates about its classification as a programming language [5]. - SQL was reintroduced to the rankings in 2018, benefiting from its stronghold in the database domain, and returned to the top ten [5]. SQL's Applications - SQL is integral to various sectors, including banking, e-commerce, healthcare, and education, where it manages vast amounts of structured data [7]. SQL Database Overview - A list of common SQL databases includes MySQL, PostgreSQL, SQLite, MariaDB, Oracle, SQL Server, and IBM Db2, with most being open-source [9]. Rise of NoSQL - The emergence of NoSQL databases poses a significant threat to SQL, as NoSQL is designed to handle unstructured data and offers greater flexibility, making it suitable for rapidly changing requirements [10][12]. - NoSQL databases, such as MongoDB and Redis, are increasingly favored for their ability to manage big data and high concurrency scenarios [13][16]. Programming Language Rankings - As of June 2025, the top programming languages are Python, C++, C, Java, C, JavaScript, Go, Visual Basic, Delphi/Object Pascal, and Fortran, with Python holding a commanding lead at 25.87% [20][22]. - SQL's ranking has dropped significantly, now positioned at 12th place, reflecting a shift in developer preferences towards more flexible programming languages [26]. Historical Trends - The TIOBE index tracks the popularity of programming languages based on various metrics, including search engine queries and community engagement, providing insights into industry trends [29].