Deere Chemical: Operating revenue in the first half of 2025 was 302 million yuan, a year-on-year decrease of 26.59%. Net profit was 26.9003 million yuan, a year-on-year decrease of 46.67%.

Hong Kong's Hang Seng Index closed up 47.99 points, or 0.19%, at 24,906.81 on Monday, August 11. Hong Kong's Hang Seng Tech Index closed down 0.28 points, or 0.01%, at 5,460.02 on Monday, August 11. The China Enterprises Index closed down 7.2 points, or 0.08%, at 8,888.08 on Monday, August 11. The H-share Index closed up 10.8 points, or 0.25%, at 4,289.31 on Monday, August 11.

Tariff rumors are causing market turmoil, pushing gold's key support levels into the red. What's the current response? Click here for analysis!

At the close of Hong Kong stocks, the Hang Seng Index closed up 0.19%, and the Hang Seng Tech Index closed down 0.01%; the energy and metal sectors strengthened throughout the day, with Tianqi Lithium (09696.HK) closing up more than 18% and Ganfeng Lithium (01772.HK) closing up more than 20%.

U.S. stock index futures fell, with Dow futures narrowing their gains to 0.1%, the S&P 500 turning negative, and Nasdaq futures falling 0.1%.

International 1. Goldman Sachs: Still believes the US will not impose tariffs on gold and maintains its previous price forecast. 2. Goldman Sachs: US consumers may bear 67% of the tariff costs. 3. JPMorgan: Trump's appointment of Milan to the Federal Reserve Board will steepen the yield curve. 4. UBS: The Swiss franc's mild reaction to tariffs reflects hopes for a US-Switzerland trade agreement. 5. ING: Dissenting opinions among central bank officials suggest an increasingly uncertain economic outlook. Domestic 1. CICC: To effectively and sustainably push inflation back to historical levels, policy easing is still necessary. 2. CMB Macro: China may not follow the Fed's rate cuts in the second half of the year. 3. CITIC Construction Investment: The lifting of purchase restrictions outside Beijing's Fifth Ring Road signals a stabilization of the real estate market. 4. CITIC Construction Investment: A-shares remain in the midst of a bull market, and pullbacks present good investment opportunities. 5. CITIC Securities: With the release of GPT-5, we recommend investing in areas such as AI computing chips in the US tech sector. 6. CICC: The release of GPT-5 and Huawei's CANN open source are expected to drive the development of AI applications. 7. Zheshang Securities: Bank stocks can meet the "long-term stability and absolute return" allocation requirements of insurance funds. 8. CITIC Securities: The 232 tariff increase on semiconductors will have a very limited impact on domestic semiconductor companies. 9. Industrial Securities: In July, high-risk funds dominated inflows, and foreign insurance fund allocation also increased. 10. Shenwan Hongyuan: The bull market atmosphere will not disappear easily, and the anti-involution of technology and manufacturing may become the main trend. 11. Cathay Pacific Haitong: Baijiu stock prices may see an inflection point before demand, and industry restructuring highlights the "debt-like asset" nature. 12. Guotai Junan Securities: Policies support innovative pharmaceuticals and medical devices, promoting the development of the brain-computer interface industry. 13. CICC: EPS and PE doubled, and the bull market in non-ferrous metals has restarted.