Group 1 - Guangdong Mingzhu expects a net profit increase of 2908.49%-3577.04% year-on-year for 2025 [1] - Sainuo Medical anticipates a net profit growth of 2767%-3233% year-on-year for 2025 [1] - Lingdian Electric Control forecasts a net profit rise of 640.16%-804.64% year-on-year for 2025 [1] - Bojie Co. predicts a net profit increase of 484.16%-618.97% year-on-year for 2025 [1] - Kexing Pharmaceutical expects a net profit growth of 328.83%-455.89% year-on-year for 2025 [1] - Xiangcai Co. anticipates a net profit increase of 266.41%-403.81% year-on-year for 2025 [1] - Xinyi Sheng forecasts a net profit rise of 231.24%-248.86% year-on-year for 2025 [1] - Tongzhou Electronics predicts a net profit increase of 151.40%-230.42% year-on-year for 2025 [1] - Zhaofeng Co. expects a net profit growth of 136.26%-164.89% year-on-year for 2025 [1] - Kaige Precision Machinery anticipates a net profit increase of 133.99%-193.55% year-on-year for 2025 [1] - Sankeshu forecasts a net profit rise of 128.96%-189.21% year-on-year for 2025 [1] - Huazi Industrial expects a net profit growth of 128.00%-167.00% year-on-year for 2025 [1] - Zhite New Materials anticipates a net profit increase of 117.11%-171.39% year-on-year for 2025 [1] - Ecovacs expects a net profit growth of 110.90%-123.30% year-on-year for 2025 [1] - Jingquan Hua forecasts a net profit increase of 109.32%-140.72% year-on-year for 2025 [1] - Guoxuan High-Tech anticipates a net profit rise of 107.16%-148.59% year-on-year for 2025 [1] - Changjiang Securities expects a net profit growth of 101.37% year-on-year for 2025 [1] - Shanwaishan forecasts a net profit increase of 98%-125% year-on-year for 2025 [1] - Zhongji Xuchuang anticipates a net profit rise of 89.50%-128.17% year-on-year for 2025 [1] - Huachuang Yuxin expects a net profit growth of 86%-175% year-on-year for 2025 [1] - Kori Technology forecasts a net profit increase of 68.61%-115.25% year-on-year for 2025 [1] - Western Gold anticipates a net profit rise of 67.58%-93.21% year-on-year for 2025 [1] - Shandong Gold expects a net profit growth of 56%-66% year-on-year for 2025 [1] - Huaxi Biological anticipates a net profit increase of 54.93%-83.63% year-on-year for 2025 [1] - Nairui Radar expects a net profit growth of approximately 54.16% year-on-year for 2025 [1] - Lingyun Optical anticipates a net profit rise of approximately 50.75% year-on-year for 2025 [1] - Zhongjin Company expects a net profit increase of 50%-85% year-on-year for 2025 [1] - Dongwu Securities forecasts a net profit growth of 45%-55% year-on-year for 2025 [1] - Longping High-Tech anticipates a net profit increase of 14.17%-66.86% year-on-year for 2025 [1] Group 2 - Jiangfeng Electronics expects a net profit increase of 7.5%-27.5% year-on-year for 2025 [2]

Company Performance Forecasts - Zhongji Xuchuang expects a net profit of 9.8 billion to 11.8 billion yuan for 2025, representing a year-on-year increase of 89.50% to 128.17% due to strong demand for computing infrastructure and increased sales of high-speed optical modules [2] - Cambrian anticipates a net profit of 1.85 billion to 2.15 billion yuan for 2025, marking a turnaround from losses, driven by rising demand in the AI sector [3] - Xinye Technology forecasts a net profit of 9.4 billion to 9.9 billion yuan for 2025, reflecting a year-on-year growth of 231.24% to 248.86% due to increased investment in computing [4] - Aerospace Development expects a net loss of 1 billion to 1.65 billion yuan for 2025, although this represents an improvement from a loss of 1.673 billion yuan in the previous year [5] - Wentai Technology predicts a net loss of 9 billion to 13.5 billion yuan for 2025, impacted by significant investment losses and asset impairment [6] - China National Airlines anticipates a net loss of 1.3 billion to 1.9 billion yuan for 2025, compared to a loss of 237 million yuan in the previous year [8] - China Eastern Airlines expects a net loss of 1.3 billion to 1.8 billion yuan for 2025, despite an increase in passenger transport volume [9] - Huazhong Technology is under investigation by the China Securities Regulatory Commission for suspected information disclosure violations [10] Investment and Strategic Developments - Huayou Cobalt plans to collaborate on an integrated battery industry project in Indonesia, aiming to establish a production base for electric vehicle batteries [13] Shareholding Changes - BlueFocus Media's major shareholder plans to reduce holdings by up to 20 million shares due to personal financial needs [14] Other Company Updates - Yihualu expects a net loss of 2.176 billion to 2.791 billion yuan for 2025, with a projected negative net asset value, which may lead to a delisting risk warning [27] - Huayi Brothers anticipates a net loss of 289 million to 407 million yuan for 2025, with a potential negative net asset value that could trigger a delisting risk warning [28] - Kangtai Medical has obtained a medical device registration certificate for a non-invasive ventilator, enhancing its product line [29]

Group 1 - The China Securities Association updated the classification list of sponsoring representatives, with 16 individuals categorized as D-class, indicating a temporary suspension of their signing qualifications [2][5] - Compared to the D-class list updated in June 2025, four representatives were removed, while three new representatives were added from First Capital Securities, Guolian Minsheng Securities, and Dongwu Securities [2][5] - The D-class list includes representatives who have received administrative penalties from the China Securities Regulatory Commission (CSRC) or have been deemed unsuitable for related business by self-regulatory organizations [2][9] Group 2 - Fan Benyuan from First Capital Securities was penalized for failing to detect misuse of approximately 1.7 billion yuan in fundraising during the Hongda Xingye convertible bond project, resulting in a total penalty of 16.98 million yuan [5] - Jin Yaping from Guolian Minsheng Securities was fined over 10 million yuan for violations during his 17 years of service, including 16 years of illegal stock trading [6] - Ma Yuanyuan from Donghai Securities faced a record penalty of 60 million yuan for failing to identify financial fraud and undisclosed related transactions during a major asset restructuring project [8] Group 3 - The updated D-class list aims to enhance the awareness of responsibilities and risks among sponsoring representatives, encouraging them to adhere to legal and ethical standards [9] - The introduction of the D-class category follows revisions to the sponsorship business rules, which now include a public disclosure mechanism for negative evaluations of sponsoring representatives [8][9]

1月31日晚，中金公司发布了2025年业绩预告。数据显示，中金公司预计2025年年度实现归属于母公司 股东的净利润为 85.42亿元到105.35 亿元，与上年同期相比，将增加28.47亿元到48.40亿元，同比增加 50%到85%。 对于业绩的增长，中金公司表示，"报告期内，公司主动把握市场发展机遇，充分发挥"投资+投行+投 研"一体化综合优势，扎实推进各项战略布局落地。在此背景下，投资银行、股票业务、财富管理等核 心业务板块实现稳健增长，带动公司经营业绩较上年同期大幅提升。" 事实上，在此前2025年的三季报中，中金公司就表现出了强劲的增长力。2025年前三季度，中金公司实 现营业收入207.61亿元，同比增长54.36%；归属于母公司股东的净利润65.67亿元，同比增长129.75%， 实现翻倍。结合两个期限的财报，中金公司的业绩增长趋势可见一斑。 在业绩增长的背后，湾财社注意到，中金公司的港股IPO依旧保持领先地位。 2025年以来，港股IPO热度走高，2025年全年IPO数量达117家，募资金额达2863.3亿港元，同比增长 224.8%；同时，再融资的规模也同步上升至3263.7亿港元，同比增长2 ...

Macroeconomic Dynamics - The Ministry of Finance announced that the securities transaction stamp duty is expected to reach 203.5 billion yuan in 2025, representing a growth of 57.8% [1] Energy Sector - The National Development and Reform Commission and the National Energy Administration will increase the proportion of fixed costs recovered through capacity pricing for coal-fired power plants to no less than 50% [2] Telecommunications Industry - According to the China Academy of Information and Communications Technology, the domestic smartphone shipment in December 2025 is projected to be 24.473 million units, a year-on-year decline of 29.1%. For the entire year of 2025, the total smartphone shipment is expected to be 307 million units, down 2.4% year-on-year [3] Financial Institutions - China International Capital Corporation (CICC) expects its net profit attributable to shareholders to be between 8.542 billion yuan and 10.535 billion yuan in 2025, reflecting a year-on-year increase of 50% to 85% [9] Market Data - The A-share market showed mixed results on January 30, with the Shanghai Composite Index down 0.96% and the ChiNext Index up 1.27%. The total trading volume was approximately 283.55 billion yuan, a decrease of about 39.44 billion yuan from the previous trading day [10] Company Dynamics - Sino Medical announced an expected revenue of 519 million to 526 million yuan for 2025, with a year-on-year growth of 13% to 15%. The net profit attributable to shareholders is projected to be between 43 million and 50 million yuan, indicating a significant year-on-year increase of 2767% to 3233% [13]

（文章来源：证券日报） 证券日报网讯 1月30日，中金公司发布公告称，公司预计 2025 年年度实现归属于母公司股东的净利润 为人民币 85.42 亿元到人民币 105.35 亿元，与上年同期相比，将增加人民币 28.47 亿元到人民币 48.40 亿元，同比增加 50%到 85%。 ...

★ 宏观动态 ★ 财政部：2025年证券交易印花税增长57.8% 1月30日，财政部举行新闻发布会，介绍2025年财政收支情况。会上，财政部国库司副司长郑涌介绍，2025 年，证券交易印花税达到2035亿元，增长57.8%。 两部门：将通过容量电价回收煤电机组固定成本的比例提升至不低于50% 国家发展改革委、国家能源局发布关于完善发电侧容量电价机制的通知。其中提出，完善煤电及天然气发电容 量电价机制。各地按照《关于建立煤电容量电价机制的通知》（发改价格〔2023〕1501号）要求，将通过容量 电价回收煤电机组固定成本的比例提升至不低于50%，可结合当地市场建设、煤电利用小时数等实际情况进一 步提高。省级价格主管部门可对天然气发电建立容量电价机制，容量电价按照回收天然气发电机组一定比例固 定成本的方式确定。 中国信通院：2025年12月国内市场手机出货量2447.3万部，同比下降29.1% 据中国信通院，2025年12月，国内市场手机出货量2447.3万部，同比下降29.1%，其中，5G手机2213.2万部， 同比下降27.3%，占同期手机出货量的90.4%。2025年1-12月，国内市场手机出货量3.07亿部 ...

对于业绩预增的主要原因，中金公司表示，2025年，公司立足服务国家战略发展大局，锚定培育壮大新 质生产力、助力构建新发展格局核心方向，坚守金融本源，持续为实体经济注入金融活水稳步提升金融 服务质效。报告期内，公司主动把握市场发展机遇，充分发挥"投资+投行+投研"一体化综合优势，扎 实推进各项战略布局落地。在此背景下，投资银行、股票业务、财富管理等核心业务板块实现稳健增 长，带动公司经营业绩较上年同期大幅提升。 （文章来源：证券日报） 本报讯 1月30日，中金公司发布业绩预增公告显示，预计2025年年度实现归属于母公司股东的净利润为 85.42亿元到105.35亿元，与上年同期相比，将增加28.47亿元到48.4亿元，同比增长50%到85%。 ...

Group 1 - Yuehongyuan A announced the transfer of 45% equity in Hongxi Mining for 22.37 million yuan, aiming to optimize its business and promote transformation, expecting a positive impact on financial results with an estimated gain of over 22 million yuan [2] - Wanhua Chemical plans to increase capital by 19.086 billion yuan to its wholly-owned subsidiary Wanhua Olefins, consolidating its carbon two industry operations to enhance competitiveness [3] - Huayou Cobalt signed a cooperation framework agreement to build an integrated battery industry chain project in Indonesia, aiming to establish the country as a production base for electric vehicle batteries [4] Group 2 - Gansu Energy reported that the first batch of wind turbines for its 1 million kW green electricity aggregation pilot project has been connected to the grid, contributing to over 10% of the company's expected installed capacity by the end of 2025 [5] - Lingyi Zhizao completed the acquisition of 35% equity in Liminda for 875 million yuan, gaining control over 52.78% of voting rights, making Liminda a subsidiary [6] - Tianqi Lithium's third-phase expansion project for chemical-grade lithium concentrate produced its first batch of qualified products, enhancing raw material supply for its lithium chemical production bases [7] Group 3 - Ecovacs expects a net profit of 1.7 billion to 1.8 billion yuan for 2025, a year-on-year increase of 110.90% to 123.30% due to product upgrades and cost optimization [9] - Cambrian anticipates a turnaround with a net profit of 1.85 billion to 2.15 billion yuan for 2025, a significant increase in revenue driven by operational improvements [10] - China Southern Airlines expects a net profit of 800 million to 1 billion yuan for 2025, recovering from a loss of 1.696 billion yuan in the previous year [11] Group 4 - Shandong Gold forecasts a net profit of 4.6 billion to 4.9 billion yuan for 2025, a year-on-year increase of 56% to 66% due to improved production efficiency and rising gold prices [16] - Perfect World expects a net profit of 720 million to 760 million yuan for 2025, recovering from a loss of 1.288 billion yuan, driven by successful game launches and cost reductions [17] - CICC anticipates a net profit of 8.542 billion to 10.535 billion yuan for 2025, a year-on-year increase of 50% to 85% due to strong performance in investment banking and wealth management [18] Group 5 - *ST Songfa expects a net profit of 2.4 billion to 2.7 billion yuan for 2025, recovering from a loss of 76.64 million yuan, attributed to a major asset restructuring [19] - New Hope predicts a net loss of 1.5 billion to 1.8 billion yuan for 2025, down from a profit of 473.6 million yuan, impacted by fluctuations in the pig market [20] - 360 expects a net profit of 213 million to 318 million yuan for 2025, turning around from a loss, driven by increased investment income from equity method accounting [21]

格隆汇1月30日丨中金公司(601995.SH)公布，公司预计2025年年度实现归属于母公司股东的净利润为人 民币85.42亿元到人民币105.35亿元，与上年同期相比，将增加人民币28.47亿元到人民币48.40亿元，同 比增加50%到85%。 扣除非经常性损益事项后，预计2025年年度实现归属于母公司股东的净利润为人民币84.28亿元到人民 币103.51亿元，与上年同期相比，将增加人民币27.72亿元到人民币46.95亿元，同比增加49%到83%。 2025年，公司立足服务国家战略发展大局，锚定培育壮大新质生产力、助力构建新发展格局核心方向， 坚守金融本源，持续为实体经济注入金融活水，稳步提升金融服务质效。报告期内，公司主动把握市场 发展机遇，充分发挥"投资+投行+投研"一体化综合优势，扎实推进各项战略布局落地。在此背景下， 投资银行、股票业务、财富管理等核心业务板块实现稳健增长，带动公司经营业绩较上年同期大幅提 升。 ...