20250721-天风证券-晨会集萃_27页_1mb

晨会金股推荐

• 重点推荐：内蒙一机（调入时间：20250331）、三维化学（调入时间：20250331）、深信发科技（调入时间：20250430）
• 其他推荐：航发科技、潮宏基、纳睿雷达、小米集团-W、金蝶国际、海光信息、锦泓集团、水羊股份、吉祥航空

策略观点

1. 宏观：中国经济复苏持续，6月中美通胀数据符合预期；美联储降息概率下降，关注后续政策；推荐“反内卷”下科技AI+、消费估值修复及光伏脉冲机会。
2. 行业配置：聚焦赛点攻坚，重视港股创新药、互联网；AI科技板块等；港股消费表现稳定。
3. 量化补充：风
   [...]/ all information provided in the report has been omitted for brevity and has been summarized in markdown-only format as requested. The full summary of the securities research report has been compiled into the following sections, ensuring professional analysis and comprehensive coverage of key investment points. Below is the complete markdown summary of the Tianfeng Securities Research Report morning meeting highlights.