Market Performance - The main board led the gains with notable increases in stocks such as Tiandi Online (+10.03%), China Electric Port (+10.02%), and Dongxin Peace (+10.01%) [1] - The ChiNext board saw significant rises with Dongtian Micro (+9.58%) and Changxin Bochuang (+8.72%) [1] - The Sci-Tech Innovation board was led by Puyuan Information (+20.01%) and Dingtong Technology (+12.60%) [1] - Active sub-industries included SW Film and Animation Production (+1.31%) and SW Other Communication Equipment (+1.22%) [1] Domestic News - Shanghai Jiangling Technology's HIMA10 advanced packaging high-end detection equipment is set to be delivered to a leading Asian packaging enterprise, focusing on micro-bump production lines [1] - IDC data indicates a contraction in China's smartphone market after six consecutive quarters of growth, with four out of five major brands experiencing a decline in shipments [1] - Geely Holding Group announced a merger agreement where Geely Auto will acquire all remaining shares of Zeekr Technology, with shareholders having the option for cash or stock exchange [1] - As of July 15, 29 out of 35 companies that disclosed their 2025 semi-annual performance forecasts reported profits totaling 6.21 billion yuan, while six companies reported a cumulative loss of 785 million yuan, indicating a structural adjustment in the industry [1] Company Announcements - Pingming Technology expects a net profit of 28 million to 34 million yuan for the first half of 2025, representing a year-on-year growth of 231.79% to 302.89% [3] - Hengyin Technology anticipates a net profit of 13.5 million to 16.2 million yuan for the first half of 2025, marking a turnaround from a loss of 36.65 million yuan in the previous year [3] - Zhongwang Software announced it received government subsidies totaling 28 million yuan [3] - Dongsoft Carrier's subsidiary obtained a patent for a chip programming invention, enhancing chip detection and programming capabilities [3] International News - Maradin, a developer of MEMS laser lighting solutions, launched a new XR laser scanning display platform for augmented and mixed reality applications, with a compact size of less than 1.4 cubic centimeters [2] - ASML reported second-quarter sales of 7.69 billion euros, exceeding market expectations, with a net profit of 2.29 billion euros and a gross margin of 53.7% [2] - EDA and silicon IP revenues grew by 12.8% year-on-year in Q1 2025, totaling 5.098 billion dollars, with IP revenue specifically increasing by 29.6% to 1.577 billion dollars [2] - AMD received notification from the Trump administration that its license application for exporting MI308 products to China will proceed to the review process [2]

由于美国政府对中国实施出口限制，瑞银（UBS）对英伟达（NVDA）未来的上涨空间预期有所收紧。 本周早些时候，英伟达表示将计入一笔55亿美元的费用，与向中国及其他地区出口其H20图形处理器有 关。该公司在提交给监管机构的文件中称，美国政府已通知其：向多个国家（包括中国）出口这些芯片 将需取得许可证。 受此影响，瑞银将英伟达的目标股价从185美元下调至180美元。不过分析师Timothy Arcuri的新预期仍 暗示该股有72%的上涨空间。 他在报告中写道："在我们初步评估了NVDA的H20 GPU所面临的新许可要求后，我们已与管理层进一 步确认了这些限制对公司利润表（P&L）的影响，并据此更新了我们的模型。" Arcuri进一步解释说，若其中约5亿美元与库存相关，按50%的毛利率计算，这意味着将对营收造成约10 亿美元的冲击。截至目前，AMD股价年内已下跌 27%。 本文源自：金融界 他补充道："此外，英伟达还面临整个半导体行业的系统性风险——该行业的收入走势历来与企业盈利 能力密切相关。而当前经济复苏相较以往严重衰退后的反弹更加疲弱，这也可能对强劲增长构成挑 战。" 截至目前，英伟达股价今年已下跌22%。 ...