锟斤拷锟斤拷锟斤拷锟斤拷锟捷从讹拷锟斤拷证券锟斤拷锟斤拷锟斤拷装锟斤拷锟斤拷业锟斤拷锟斤拷锟杰憋拷锟斤拷锟斤拷锟斤拷PMI锟斤拷锟斤拷锟斤拷锟狡ｏ拷锟斤拷锟斤拷锟斤拷注锟结构锟斤拷锟斤拷锟斤拷专业锟斤拷锟斤拷锟斤拷锟斤拷锟叫憋拷锟斤拷锟斤拷原锟斤拷摘录锟斤拷
投锟斤拷要锟斤拷
锟斤拷锟杰ｏ拷2025.5.26锟紺2025.5.30锟斤拷锟斤拷同锟斤拷锟斤拷锟斤拷锟杰斤拷锟斤拷装锟轿帮拷椋⊿W锟斤拷锟角碉拷锟斤拷1.12%锟斤拷同锟节伙拷锟斤拷300锟斤拷锟斤拷锟饺獳指锟斤拷锟角碉拷锟斤拷锟街憋拷为-1.08%锟斤拷-0.02%锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷直锟轿�2.2%锟斤拷1.14%锟斤拷
锟斤拷业锟斤拷要锟斤拷锟竭★拷锟铰硷拷锟戒化锟斤拷锟斤拷锟捷革拷锟劫碉拷锟斤拷锟斤拷锟斤拷1锟斤拷锟斤拷锟斤拷统锟狡局凤拷锟斤拷5锟斤拷PMI锟斤拷锟捷ｏ拷锟斤拷锟斤拷业锟斤拷锟斤拷疃革拷锟轿�51.0%锟斤拷锟斤拷锟斤拷锟斤拷锟铰斤拷0.9锟斤拷锟劫分点，锟斤拷锟斤拷锟斤拷锟斤拷锟脚伙拷锟斤拷锟斤拷锟叫ｏ拷锟斤拷木锟斤拷锟教斤拷锟斤拷业锟斤拷锟斤拷疃革拷锟轿�62.3%锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷1.4锟斤拷锟劫分点，锟斤拷锟斤拷锟斤拷锟斤拷锟铰伙拷锟斤拷锟斤拷锟斤拷映锟斤拷锟斤拷锟斤拷毓锟斤拷锟斤拷锟侥渴╋拷锟斤拷涌臁ｏ拷露锟斤拷锟街革拷锟轿�43.3%锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷3.7锟斤拷锟劫分点，锟斤拷业锟斤拷员指锟斤拷为39.5%锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷1.7锟斤拷锟劫分点，锟斤拷锟街底诧拷锟斤拷锟狡碉拷态锟狡ｏ拷锟叫达拷锟斤拷一锟斤拷锟桔诧拷锟斤拷锟斤拷锟斤拷锟斤拷锟绞碉拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷效锟斤拷锟斤拷
锟杰观点：锟斤拷1锟斤拷5锟铰斤拷锟斤拷PMI锟斤拷锟饺硷拷锟斤拷锟斤拷锟戒，锟斤拷锟斤拷锟斤拷木锟斤拷锟教斤拷锟斤拷业锟斤拷锟斤拷疃革拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟�1.4锟斤拷锟劫分点，锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟铰伙拷锟斤拷锟斤拷锟斤拷映锟斤拷锟斤拷锟斤拷毓锟斤拷锟斤拷锟侥渴╋拷锟斤拷涌欤憋拷锟斤拷锟斤拷露锟斤拷锟街革拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟接︼拷锟侥吭わ拷锟斤拷锟斤拷锟斤拷锟斤拷疲锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷叻锟斤拷锟斤拷锟叫э拷锟斤拷贫锟斤拷锟绞碉拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟截碉拷锟阶拷锟角�4锟斤拷锟铰伙拷锟斤拷投锟斤拷锟桔硷拷同锟斤拷锟斤拷锟斤拷5.8%锟斤拷锟斤拷锟劫憋拷锟斤拷平锟饺ｏ拷锟结构锟斤拷锟斤拷锟斤拷水锟斤拷锟斤拷锟酵讹拷示锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷郏锟剿拷锟斤拷锟斤拷锟揭低讹拷锟斤拷锟斤拷锟�30.7%锟斤拷水锟斤拷锟斤拷锟斤拷业投锟斤拷锟斤拷锟斤拷26.9%锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷业投锟斤拷锟斤拷锟斤拷13.9%锟斤拷锟斤拷锟截诧拷投锟绞和匡拷锟斤拷锟斤拷锟斤拷然锟斤拷压锟斤拷锟斤拷前锟斤拷锟轿局伙拷锟斤拷指锟斤拷要强锟斤拷锟斤拷锟斤拷思维锟斤拷锟斤拷直锟斤拷锟皆わ拷锟斤拷锟揭拷咏锟绞凳╋拷锟斤拷踊锟斤拷锟斤拷锟轿拷暮锟斤拷锟斤拷锟竭ｏ拷锟斤拷锟斤拷锟斤拷锟狡变化锟斤拷时锟狡筹拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟竭ｏ拷锟斤拷强锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟节碉拷锟节ｏ拷锟斤拷锟斤拷獠匡拷锟斤拷影锟届，锟斤拷锟斤拷锟斤拷锟接伙拷锟斤拷锟斤拷展锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷预锟斤拷锟斤拷锟斤拷锟侥诧拷锟斤拷锟斤拷锟斤拷支锟街猴拷锟斤拷锟绞端的革拷锟狡讹拷投锟绞端猴拷实锟斤拷锟斤拷锟斤拷效锟斤拷锟斤拷锟斤拷锟斤拷锟街ｏ拷同时锟斤拷锟斤拷锟斤拷预锟斤拷锟斤拷强锟斤拷锟斤拷锟斤拷投锟绞猴拷锟截碉拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟竭硷拷锟诫。锟斤拷锟角斤拷锟斤拷锟阶拷锟街碉拷源锟斤拷锟绞凤拷锟轿伙拷锟揭碉拷锟斤拷冉锟斤拷幕锟斤拷锟斤拷锟酵凤拷锟斤拷锟酵地凤拷锟斤拷锟斤拷锟街碉拷锟斤拷锟斤拷薷锟斤拷锟斤拷幔拷萍锟斤拷泄锟斤拷锟斤拷锟斤拷锟斤拷泄锟斤拷缃拷锟斤拷泄锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷注锟叫癸拷锟剿斤拷锟斤拷锟叫癸拷锟斤拷学锟饺★拷
锟斤拷2锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷2025锟斤拷前4锟斤拷锟斤拷锟揭癸拷锟斤拷锟斤拷邪锟斤拷锟斤拷锟斤拷锟斤拷营业锟斤拷471.1锟斤拷锟斤拷元锟斤拷同锟斤拷锟斤拷锟斤拷6.8%锟斤拷锟斤拷签锟斤拷同锟斤拷765.9锟斤拷锟斤拷元锟斤拷同锟斤拷锟斤拷锟斤拷22.4%锟斤拷锟斤拷锟斤拷锟节癸拷锟斤拷锟斤拷一锟斤拷一路锟斤拷锟斤拷锟斤拷锟斤拷签锟斤拷同锟斤拷645.4锟斤拷锟斤拷元锟斤拷同锟斤拷锟斤拷锟斤拷17.4%锟斤拷锟斤拷锟斤拷锟斤拷税摩锟斤拷锟斤拷全锟斤拷贸锟斤拷摩锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟解交锟斤拷锟侥★拷贸锟斤拷摩锟斤拷锟斤拷泳纾伙拷锟揭宦氛斤拷锟斤拷平锟斤拷锟斤拷锟诫，预锟斤拷未锟斤拷锟斤拷欧锟斤拷锟斤拷锟斤拷锟斤拷锟剿碉拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟叫ｏ拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷要锟斤拷式锟斤拷锟斤拷锟解工锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟街ｏ拷锟斤拷锟解工锟斤拷业锟斤拷锟斤拷锟斤拷锟斤拷锟芥，锟斤拷锟斤拷预锟斤拷锟金渐讹拷锟街碉拷锟斤拷锟斤拷锟斤拷业锟斤拷锟斤拷锟芥。锟斤拷锟斤拷锟阶拷锟斤拷使锟斤拷贪锟介，锟斤拷锟斤拷锟狡硷拷锟叫材癸拷锟绞★拷锟较猴拷锟斤拷锟藉，锟斤拷锟斤拷锟阶拷泄锟斤拷锟斤拷省锟斤拷锟斤拷锟斤拷锟斤拷省锟斤拷懈止锟斤拷实取锟�
锟斤拷3锟斤拷锟斤拷锟斤拷峁癸拷锟斤拷锟斤拷悖拷锟揭碉拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷碌锟酵讹拷驶锟斤拷幔猴拷锟斤拷锟阶ㄒ碉拷锟斤拷旃わ拷锟较革拷锟斤拷锟斤拷颉⒔锟斤拷芙锟教硷拷约锟斤拷锟斤拷锟皆达拷锟截的伙拷锟斤拷细锟斤拷锟斤拷锟斤拷锟斤拷锟饺较高ｏ拷锟斤拷锟斤拷锟阶拷筒锟斤拷值锟斤拷锟揭碉拷锟斤拷锟斤拷锟斤拷妫拷锟斤拷锟斤拷注锟斤拷路锟街癸拷锟斤拷锟斤拷锟斤拷锟斤拷锟绞等ｏ拷锟诫导锟斤拷嗑伙拷揖锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟阶拷锟斤拷杓拷伞锟斤拷爻瞎煞莸取锟�
锟斤拷锟斤拷锟斤拷示锟斤拷锟截诧拷锟斤拷锟矫凤拷锟斤拷失锟截★拷锟斤拷锟竭讹拷锟斤拷锟斤拷预锟节★拷锟斤拷锟斤拷母锟斤拷展锟斤拷锟斤拷预锟节等★拷
锟斤拷页
微锟脚癸拷锟节猴拷
证券之锟斤拷APP
