U.S. Republican Senator Lindsey Graham said he hopes a diplomatic solution has been found to the Iran conflict that meets President Trump's red lines and is fundamentally different from the JCPOA. He said any agreement on Iran's nuclear program would

Xinjie Research initiated coverage of SpaceX with a $165 PT.

Key News 1. National Development and Reform Commission: Fully implement the "Artificial Intelligence+" action plan and thoroughly rectify "involutionary" competition. 2. The State Council's Safety Production Committee Office, along with three other ministries, held talks with China Communications Construction Group Co., Ltd. and China Power Construction Corporation. 3. Hong Kong Securities and Futures Commission: Hong Kong-licensed companies can continue to provide services to existing mainland customers, but cannot do so within mainland China. 4. China responds to EU sanctions against Russia potentially affecting Chinese companies: We will closely monitor relevant developments and take necessary measures. Individual Stock News 1. Moore Threads MusaCoder open source: The first large-scale code model trained on a domestically produced full-stack GPU. 2. Biwin Storage: Plans to participate in the strategic placement of Zhenbao Technology with related parties. 3. New E-Sun: Plans to issue H shares and list on the Hong Kong Stock Exchange. 4. InnoLight Technology: The company has been included in the US Department of Defense's 1260H list; this determination and basis are inconsistent with objective facts. 5. BYD: Second-generation blade battery production capacity is insufficient to meet demand; orders surged after the release of its flash charging technology. 6. Power Diamond: Plans to invest 1.028 billion yuan in a diamond functional materials project, focusing on high-end supply chains such as heat dissipation materials and optical materials. 7. ST Xinhua Jin Clarifies: Transactions between its subsidiary Shanghai Lizhi and Xinhua Jin Textile do not require related-party transaction review procedures, and no new fund misappropriation has occurred. 8. Tianyu Digital Technology (four consecutive daily limit-up): Has no physical AI business and no business cooperation with the 2026 World Cup. 9. Kangda New Materials (two consecutive daily limit-up): In 2025, revenue from Dalian Qihua's electronic-grade epoxy resin-related business accounted for approximately 1.2% of the company's total revenue. 10. Dongfang Cable: Recently won bids totaling approximately 5.231 billion yuan, and deep-sea technology projects totaling approximately 762 million yuan. 11. Das Intelligent: The first, second, and fifth largest shareholders plan to reduce their holdings by no more than 4.09% in total. 12. Tianqi Lithium: A localized fire occurred at Talison's Phase III chemical-grade lithium concentrate plant. 13. Xingfa Group: The volume and price of sodium hypophosphite products used in storage components both increased, with prices rising 15%-20% quarter-on-quarter in the second quarter.