A股免税店板块拉升，中百集团涨停，岭南控股此前涨停，东百集团、王府井纷纷拉升。

Counterpoint Research’s Weekly Smartphone Sales Tracker shows China smartphone sales fell 13% YoY over the four-week period covering the 618 shopping festival. Counterpoint attributed the drop to rising storage prices that pushed up handset prices and to weaker promotions as higher costs cut retailer/subsidy activity. All major brands except Huawei recorded YoY sales declines.

Daiwa raised its target price on WuXi AppTec (02359.HK) to HK$190 from HK$138, kept a Buy rating and named the stock a China CXO top pick. The broker lifted adjusted non‑IFRS net profit forecasts for this year and next by 13.5% and 21.3%. WuXi reported Q1 recurring operating revenue up 39.4% YoY and adjusted non‑IFRS net profit up 71.7% YoY, beating consensus and company guidance, driven by small‑molecule CDMO contribution, increased project deliveries and a low Q1 2025 base. Daiwa left full‑year TIDES revenue growth guidance at 40% and said the strong Q1, rising backlog and healthy new order intake support confidence in 2026 TIDES delivery and the potential for upward revision to FY2026 guidance. Inclusion on China’s 1260H list is not expected to affect the company’s near‑ to medium‑term outlook, Daiwa added.