On June 27th,the three major A-share indices opened low and continued to decline in the morning.By the midday close,the Shanghai Composite Index had fallen by 0.51%,the Shenzhen Component Index had fallen by 0.89%,and the ChiNext Index had fallen by 1.06%.The CRO,home appliance,soda ash,weight loss drug,and machinery sectors saw the largest declines; consumer electronics defied the trend and strengthened,with Luxshare Precision and Lens Technology reaching new highs for the phase; China Railway Construction soared before noon.Over 4,100 stocks across the market fell.

Let's review the market hotspots from the morning.

**Consumer Electronics Defy the Trend and Strengthen,Luxshare Precision and Lens Technology Set New Phase Highs**

Consumer electronics defied the trend and strengthened,with Yingtong Communication hitting the daily limit up,and Li'an Technology and Yi Tian Shares rising by more than 10% by the midday close,while Luxshare Precision and Lens Technology set new highs for the phase.

Huafu Securities pointed out that consumer electronics are at a triple inflection point of short-term stabilization and recovery,the arrival of a long-term innovation cycle to change expectations,and dense catalysis.Short-term demand is recovering,and in the medium to long term,AI load requires changes in the underlying chip architecture and overall machine design,driving the replacement of mobile phones and PCs and the increase in ASP,while the exploration of new hardware forms accelerates.The acceleration of the innovation pace in consumer electronics is expected to bring the industry into a prosperous cycle.

**Jin Qilin Performs a "Sky-Floor" Move,Having Previously Recorded 5 Consecutive Limit-Ups**

Jin Qilin dived to a daily limit down,performing a "sky-floor" move.By the midday close,the stock was quoted at 16.40 yuan,with a transaction volume exceeding 500 million yuan.Prior to this,the stock had achieved 5 consecutive limit-ups.

Yesterday,Jin Qilin issued a risk warning announcement for stock trading.Since June 20,2024,the company's stock has consecutively hit the daily limit up for 5 days,with a cumulative increase of 61.10%.During the same period,the SWS Auto Parts Index increased by -1.79%,and the Shanghai Composite Index increased by -1.51%.The short-term increase in the company's stock price was higher than the industry and the Shanghai Composite Index,indicating a situation of overheated market sentiment.The company reminds investors to be aware of investment risks.

The announcement stated that in the last 5 trading days,the cumulative turnover rate of the company's stock was 44.80%.Given the significant short-term increase in the stock price,there may be a risk of irrational speculation.The company urges investors to make rational decisions and invest cautiously.

In terms of performance,the announcement indicated that in the first quarter of 2024,the company achieved a total operating income of 375 million yuan,a decrease of 18.37% from the same period last year; it achieved a net profit attributable to shareholders of listed company owners of 17.345 million yuan,a decrease of 61.79% from the same period last year.The company's revenue scale is relatively small,and its profitability is relatively limited.The company reminds investors to be aware of the operational risks.**National Bureau of Statistics: Profits of Large-Scale Industrial Enterprises Maintain Growth from January to May**

Yu Weining,a statistician from the Industrial Department of the National Bureau of Statistics,interpreted the profit data of industrial enterprises.From January to May,the profits of large-scale industrial enterprises above the designated size nationwide grew by 3.4% year-on-year,continuing the upward trend since the beginning of the year.Affected by short-term factors such as the slowdown in the growth rate of investment income,the profit growth rate of large-scale industrial enterprises fell by 0.9 percentage points compared to the January-April period.However,when looking at the gross profit calculated by deducting operating costs from operating income,the growth rate of enterprises' gross profit from January to May accelerated by 0.8 percentage points compared to the January-April period,speeding up for two consecutive months,indicating a continuous improvement in the basic benefits of industrial enterprises.

**Ministry of Science and Technology: Anchoring the Strategic Goal of Building a Strong Science and Technology Nation by 2035,Accelerating the Formation of Specific Measures to Implement the Key Tasks Deployed at the National Science and Technology Conference**

According to the "Sharp Technology" WeChat public account,on June 26,the Party Group of the Ministry of Science and Technology held an expanded study meeting of the central group.The meeting emphasized the need to anchor the strategic goal of building a strong science and technology nation by 2035,adhere to the path of independent innovation with Chinese characteristics,strengthen overall coordination and systematic layout.In conjunction with relevant parties,it is necessary to accelerate the formation of specific measures to implement the key tasks deployed at the conference,refine tasks,clarify responsibilities,enhance capabilities,and transform work styles to form a timetable and roadmap.Adhere to the centralized and unified leadership of the Party Central Committee over science and technology work,improve the new national system,implement the "four-grasp" requirements,strengthen the overall planning of strategic planning,policy measures,major tasks,scientific research forces,resource platforms,and regional innovation,and gather a strong force to promote scientific and technological innovation.Strengthen the construction of national strategic scientific and technological forces and optimize positioning and layout.Accelerate the demonstration and implementation of a batch of major scientific and technological projects,strengthen the attack on key core technologies,and consolidate the foundation of basic research.Promote in-depth integration of scientific and technological innovation with industrial innovation,enhance the main position of enterprises in scientific and technological innovation,promote the transformation of scientific and technological achievements,and do a good job in scientific and technological finance to help develop new quality productive forces.Promote the integrated development of education,science and technology,and talent career development,and form a talent system with international competitiveness.Strengthen the construction of scientific research integrity and style,promote the spirit of scientists,and cultivate an innovative culture.Optimize the layout of regional scientific and technological innovation,accelerate the construction of scientific and technological innovation centers with global influence,and support the construction of regional innovation highlands with distinctive features.Strengthen the construction of basic scientific and technological capabilities,and strengthen the attack on scientific instruments,basic software,scientific research reagents,etc.Expand scientific and technological exchanges and cooperation,deeply practice the initiative of international scientific and technological cooperation,take the lead in organizing international large-scale scientific projects and large-scale scientific projects,and form an open environment for scientific and technological innovation with global competitiveness.

**National Energy Administration: Focusing on Key Areas That Need to Be Broken Through in the New Power System,and Striving to Promote the Increase of Green Electricity Proportion and Low-Carbon Transformation of Coal Power**

The National Energy Administration held the first meeting of the leading group for promoting the construction of a new power system.The meeting pointed out the need to focus on key areas that urgently need to be broken through in the new power system and to achieve effective results as soon as possible.In terms of clean and low-carbon,efforts should be made to promote the increase of the proportion of green electricity and the low-carbon transformation of coal power.In terms of safety and abundance,efforts should be made to enhance the basic stability of the system and the ability to ensure supply.In terms of economic efficiency,efforts should be made to optimize the planning,construction,and operation and management methods of electricity.In terms of supply and demand coordination,efforts should be made to mobilize the enthusiasm of demand-side resources and various business entities.In terms of flexibility and intelligence,efforts should be made to improve the system's flexible adjustment capabilities and the level of intelligent operation.At the same time,vigorously promote technological innovation and system mechanism reform to provide technical support and institutional guarantees for the construction of a new power system.The meeting called on all member units of the leading group for promoting the construction of a new power system to strengthen coordination and form a joint force.They should focus on tasks such as accelerating the construction of a new power system special action,further clarify responsibilities and refine measures according to the division of work to ensure that all tasks are effectively implemented.

**State Council Tariff Commission: Implementing Agreement Tariff Rates for Some Imported Goods Originating from Serbia**

The State Council Tariff Commission issued an announcement that,in accordance with the relevant provisions of the Regulations of the People's Republic of China on Import and Export Tariffs,from July 1,2024,some imported goods originating from Serbia will be subject to agreement tariff rates according to the Free Trade Agreement between the Government of the People's Republic of China and the Government of the Republic of Serbia.