Core Viewpoint - The company plans to invest 20 million yuan of idle funds in a financial product from CITIC Securities, indicating a strategy to utilize excess capital for potential returns [1] Group 1: Investment Details - The investment will be in the "Xinhengying Series 425" income certificate, with a term from February 2, 2026, to February 2, 2027 [1] - The type of return on this investment is classified as principal-protected floating income [1] Group 2: Board Approval and Authorization - The decision has been approved by the company's fifth board meeting, allowing the use of up to 500 million yuan of idle funds for low-risk, liquid financial products and reverse repos [1] - The board has authorized the chairman to approve the specific implementation of this investment strategy [1] - The supervisory board and independent directors have expressed clear agreement with this decision [1]

Core Viewpoint - HeMai Co., Ltd. (688032.SH) is currently experiencing a decline in stock price, closing at 103.19 yuan with a drop of 2.98%, indicating a state of share price below its initial public offering (IPO) price [1] Group 1: IPO and Financial Overview - HeMai Co., Ltd. was listed on the Shanghai Stock Exchange's Sci-Tech Innovation Board on December 20, 2021, with an IPO price of 557.80 yuan per share and a total issuance of 10 million shares [1] - The total funds raised from the IPO amounted to 5.578 billion yuan, with a net amount of 5.406 billion yuan after deducting issuance costs, which exceeded the original plan by 4.848 billion yuan [1] - The funds raised are intended for projects including the construction of an intelligent manufacturing base, industrialization of energy storage inverters, upgrading of intelligent electrical equipment, and supplementing working capital [1] Group 2: Dividend Announcements - On May 30, 2022, HeMai Co., Ltd. announced a dividend plan of 30 yuan (pre-tax) per 10 shares, along with a bonus issue of 4 shares, with the ex-dividend date set for June 7, 2022 [2] - On June 6, 2023, the company announced a dividend plan of 53 yuan (pre-tax) per 10 shares, with a bonus issue of 4.9 shares, and the ex-dividend date set for June 13, 2023 [2] - A future dividend plan was announced for June 13, 2024, proposing a payout of 36 yuan (pre-tax) per 10 shares, along with a bonus issue of 4.9 shares, with the ex-dividend date set for June 19, 2024 [2]

三一重能首次公开发行股票的发行费用合计14,021.58万元（不包含增值税），其中，保荐及承销 费用11,739.30万元。 本次发行由保荐机构相关子公司跟投，跟投机构为中信证券投资有限公司，获配股数为376.5714 万股，占首次公开发行股票数量的比例为2.00%，获配金额1.12亿元，限售期为24个月。 (责任编辑：徐自立) 中国经济网北京1月30日讯 三一重能(688349.SH)今日股价下跌，截至收盘报26.01元，跌幅 4.59%。该股目前处于破发状态。 三一重能于2022年6月22日在上交所科创板上市，发行新股18828.57万股，发行价格为29.80元/ 股，保荐机构（主承销商）为中信证券，保荐代表人为孙鹏飞、杨成云。 三一重能首次公开发行股票募集资金总额为561,091.43万元，募集资金净额为547,069.86万元。 三一重能实际募资净额比原拟募集资金多243,890.72万元。三一重能于2022年6月17日披露的招股说明 书显示，该公司原拟募集资金303,179.14万元，拟用于"新产品与新技术开发项目""新建大兆瓦风机整 机生产线项目""生产线升级改造项目""风机后市场工艺技术研发项目 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或完整性亦不發表 任何聲明，並明確表示，概不對因本公告全部或任何部份內容而產生或因倚賴該等內容而引致的任何損失承擔任 何責任。 （ 於 中 華 人 民 共 和 國 註 冊 成 立 的 股 份 有 限 公 司 ） （股份代號：6030） 海外監管公告 本公告乃根據香港聯合交易所有限公司證券上市規則第13.10B條而作出。 茲載列中信証券股份有限公司（「本公司」）在上海證券交易所網站刊登的本公司關於間 接子公司發行中期票據並由全資子公司提供擔保的公告，僅供參閱。 承董事會命 中信証券股份有限公司 董事長 張佑君 中國北京 2026年1月30日 於本公告刊發日期 ，本公司執行董事為張佑君先生 、鄒迎光先生及張長義先生；本公司非執行董事為李艺女士 、 梁丹先生、張學軍先生、付臨芳女士及趙先信先生；本公司獨立非執行董事為李青先生、史青春先生、張健華 先生、劉俏先生及李蘭冰女士；及本公司職工董事為施亮先生。 证券代码：600030 证券简称：中信证券 公告编号：临2026-007 中信证券股份有限公司 关于间接子公司发行中期票据 并由全资子 ...

担保对象及基本情况 | | 被担保人名称 | 本次担保金额 | 实际为其提供的担保余额 | 是否在前期 | 本次担保是 | | --- | --- | --- | --- | --- | --- | | | | | （不含本次担保金额） | 预计额度内 | 否有反担保 | | CSI | MTN Limited | 110万美元 | 34.83亿美元 | 是 | 否 | 累计担保情况 | 对外担保逾期的累计金额（万元） - | | | --- | --- | | 截至本公告日上市公司及其控股子 公司对外担保总额（亿元） | 2,098.69 | | 对外担保总额占上市公司最近一期 经审计净资产的比例（%） | 71.60 | | 特别风险提示 | 担保金额（含本次）超过上市公司最近一期经审计净 | | | 资产50% | | | □对外担保总额（含本次）超过上市公司最近一期经审 | | | 计净资产100% | | | □对合并报表外单位担保总额（含本次）达到或超过最 | | | 近一期经审计净资产30% | | | 本次对资产负债率超过70%的单位提供担保 | 一、担保情况概述 （一） 担保的基本情况 ...

Market Overview - The securities sector experienced a decline of 1.59% on January 30, with Huazhong Securities leading the drop [1] - The Shanghai Composite Index closed at 4117.95, down 0.96%, while the Shenzhen Component Index closed at 14205.89, down 0.66% [1] Individual Stock Performance - Notable declines included Huazhong Securities, which fell by 6.90% to a closing price of 7.15, with a trading volume of 1.932 million shares and a turnover of 1.388 billion [2] - Other significant declines included Hualin Securities down 4.07% and Changjiang Securities down 3.67% [2] - In contrast, Tusheng Securities saw a slight increase of 0.92%, closing at 16.40 [1] Capital Flow Analysis - The securities sector saw a net outflow of 2.374 billion from institutional investors, while retail investors contributed a net inflow of 739 million [2] - The data indicates that speculative funds had a net inflow of 1.635 billion [2] Detailed Capital Flow by Stock - CITIC Securities had a net inflow of 168 million from institutional investors, while it faced a net outflow of 206 million from speculative funds [3] - Dongwu Securities experienced a net inflow of 26.088 million from institutional investors, but a net outflow of 63.284 million from retail investors [3] - The overall trend shows that while institutional investors are pulling back, retail investors are still actively participating in the market [2][3]

Core Viewpoint - Shanghai Boonray Intelligent Technology Co., Ltd. (Boonray Technology) is preparing for an IPO on the Hong Kong Stock Exchange, focusing on autonomous mining truck solutions and aiming to transform the industry through an integrated strategy of "automation + electrification" [1][2]. Business Overview - Boonray Technology, established in 2015, is a leading provider of autonomous mining truck solutions, emphasizing a strategy that integrates automation and electrification to drive industry transformation [2]. - The company has developed three synergistic business segments: Intelligent Vehicles, Intelligent Mining, and Intelligent Transportation [4]. Intelligent Vehicles - The Intelligent Vehicles segment focuses on the sales of fully electric autonomous mining trucks used in enclosed environments, which has been the largest revenue source for the company [5]. - Boonray Technology is the only supplier in the industry with its own production facilities and is the exclusive provider of integrated charging and swapping solutions for mining trucks [5]. - The company has achieved mass production of autonomous mining trucks and has secured orders for over a thousand units from leading mining service companies [5]. - By 2024, Boonray Technology is projected to be the largest global provider of electric autonomous mining trucks by shipment volume and revenue [5]. Intelligent Mining - The Intelligent Mining segment positions the company as a total contractor for smart mining solutions, offering an integrated solution covering the entire mining operation process from loading to transportation and energy replenishment [8]. - The company provides a comprehensive smart mining management platform, remote control systems for mining equipment, and intelligent charging and swapping systems [8]. Intelligent Transportation - The Intelligent Transportation segment offers unmanned transportation services for mining operations, relying on a self-invested and operated integrated system [9]. - Boonray Technology has established the first fully automated mining project in the industry, which has been operating safely 24/7 for nearly four years and has achieved unit-level profitability [9]. Financial Performance - For the fiscal years 2023, 2024, and the first nine months of 2025, Boonray Technology reported revenues of RMB 69.57 million, RMB 170.84 million, and RMB 315.21 million, respectively, with corresponding net losses of RMB 32.48 million, RMB 60.99 million, and RMB 58.67 million [15][16]. Shareholder Structure - Prior to the IPO, the largest shareholder group, led by Mr. Hu Xinyi and Dr. Yang Yang, collectively holds approximately 34.07% of the shares [11][12]. Management Team - The board of directors consists of 8 members, including 3 executive directors: Mr. Hu Xinyi (Chairman and CEO), Dr. Yang Yang (CTO), and Mr. Zhan Zhiyong (Vice President) [14].

Investment Rating - The report maintains a "Positive" investment rating for the non-bank financial sector [4][7]. Core Viewpoints - The report highlights an increase in the proportion of non-bank financial holdings by public funds, with a significant increase in insurance allocations. The current holdings in the non-bank financial sector remain underweight compared to the market [4][5]. - Public funds' holdings in the non-bank financial sector rose by 0.96 percentage points to 1.97% in Q4 2025, with insurance seeing the most notable increase [5][10]. - The report suggests that the insurance sector is expected to achieve good growth in 2026, driven by improved net premium income and reduced asset allocation pressure due to rising long-term bond yields [7][8]. Summary by Sections Public Fund Holdings - In Q4 2025, the total holding of non-bank financials by public funds reached 370.64 billion, with an allocation of 1.97%, up from 1.00% in Q3 2025 [9][10]. - The breakdown of holdings shows insurance at 1.32%, securities at 0.58%, and diversified finance at 0.06%, with significant increases in insurance holdings [5][9]. Individual Stocks - The top five A-share stocks held by public funds in the non-bank financial sector are China Ping An (158.14 billion), China Pacific Insurance (47.88 billion), CITIC Securities (37.26 billion), Huatai Securities (25.21 billion), and New China Life Insurance (20.37 billion) [6][13]. - The report notes that the largest increases in holdings were also seen in these stocks, particularly China Ping An and China Pacific Insurance [6][13]. Investment Recommendations - The report recommends China Life Insurance, China Ping An, and China Pacific Insurance for their strong growth potential and favorable market conditions [7][8]. - For the brokerage sector, it suggests focusing on CITIC Securities, Huatai Securities, and Industrial Securities due to their growth prospects and market positioning [8].

Core Viewpoint - Recent developments indicate that several securities firms, including CITIC Securities, China Merchants Securities, GF Securities, Galaxy Securities, and Ping An Securities, have launched "insurance zones" on their apps, focusing on wealth management and promoting dividend insurance products that offer both guaranteed returns and potential floating returns [1] Group 1: Market Dynamics - A total of 11 securities firms have obtained insurance intermediary licenses from the financial regulatory authority [1] - Compared to the mature insurance distribution channels of banks, securities firms face limitations due to client investment styles and channel development, making it difficult for them to become significant players in insurance commission revenue in the short term [1] Group 2: Client Perception - Industry insiders believe that securities firms have inherent disadvantages as their clients tend to be more aggressive and have a stronger demand for wealth appreciation [1] - The defensive attributes of insurance products, such as "risk protection and long-term savings," conflict with the positioning of securities firms in the minds of clients, leading to a psychological disconnect regarding the sale of insurance by securities firms [1]

券商代销保险业务引发市场关注。 中信证券APP设有保险服务栏目，上线20款产品，多数来自中信保诚人寿。 招商证券（600999）APP设立保险专区，上线4款产品，其中3款来自招商仁和人寿。 作为平安集团成员，平安证券依托集团资源优势，APP首页清晰设置财险、寿险栏目，品类覆盖健康 险、意外险、财产险、宠物险等，产品主要来自平安人寿和平安产险，介绍信息较为详尽。 广发证券APP在保险专区中上线8款产品，主要来自友邦人寿和太平人寿。该机构称，保险是财富管理 的重要一环，其保障性作用在金融产品中独一无二，强调保险并非理财工具，不以创造财富为目的，单 纯追求收益率是伪命题。 政策层面，2025年7月，中证协发布"证券业高质量发展28条"，其中提出加强与相关部门单位的沟通协 调，稳步推动更多合规风控有效的券商取得银行理财、保险产品销售牌照，更好满足投资者多样化的投 资需求。 而早在2012年，证监会发布《证券公司代销金融产品管理规定》，便为券商开展保险兼业代理业务划定 合法边界，扫清制度障碍。 近日，记者注意到，中信证券（600030）、广发证券（000776）等券商已在APP开设保险专区，但上线 产品的品类和数量各有 ...