南财智讯9月26日电，矩子科技公告，公司控股股东、实际控制人杨勇先生将其持有的500万股公司股份 解除质押，占其所持股份比例为5.43%，占公司总股本比例为1.73%。截至公告披露日，杨勇先生及其 一致行动人所持质押股份总数为4898.60万股，占其所持股份比例为53.20%，占公司总股本比例为 16.93%。 ...

Market Overview - The Shanghai Composite Index fell by 0.01% to 3853.3 points, while the Shenzhen Component Index rose by 0.67% to 13445.9 points, and the ChiNext Index increased by 1.58% to 3235.76 points [1] ETF Market Performance 1. Stock ETF Overall Performance - The median return of stock ETFs was 0.6%, with the highest return from the Xinhua CSI Cloud Computing 50 ETF at 4.02% [2] 2. Stock ETF Gain and Loss Rankings - The top three performing ETFs were: Xinhua CSI Cloud Computing 50 ETF (4.02%), Huabao CSI Big Data Industry ETF (3.6%), and China Merchants CSI Cloud Computing and Big Data Theme ETF (3.6%) [4][5] - The three ETFs with the largest declines were: Dacheng CSI Engineering Machinery Theme ETF (-1.56%), Guotai CSI Semiconductor Materials and Equipment Theme ETF (-1.42%), and China Merchants CSI Semiconductor Industry ETF (-1.39%) [4][5] ETF Fund Flow 1. Fund Inflows - The top three ETFs by fund inflow were: Huatai-PB CSI A500 ETF (11.18 billion yuan), Fuguo CSI A500 ETF (9.93 billion yuan), and Harvest SSE Sci-Tech Innovation Board Chip ETF (7.1 billion yuan) [6][7] 2. Fund Outflows - The top three ETFs by fund outflow were: Southern CSI 1000 ETF (5.48 billion yuan), Guotai CSI All-Index Communication Equipment ETF (5.31 billion yuan), and Harvest CSI Rare Earth Industry ETF (3.44 billion yuan) [6][7] ETF Margin Trading Overview 1. Margin Buying - The top three ETFs by margin buying were: Huaxia SSE Sci-Tech Innovation Board 50 Component ETF (7.01 billion yuan), E Fund ChiNext ETF (4.91 billion yuan), and Guotai CSI All-Index Securities Company ETF (4.5 billion yuan) [8][9] 2. Margin Selling - The top three ETFs by margin selling were: Huatai-PB SSE 300 ETF (32.26 million yuan), Huaxia SSE 50 ETF (15.57 million yuan), and Huaxia CSI 1000 ETF (9.71 million yuan) [8][9] Institutional Insights 1. Long-term Investment in Internet and Software Sectors - The industry is advised to focus on the long-term investment value of China's internet and software sectors, with a positive outlook on Alibaba Cloud's revenue growth [10] 2. Focus on Hardware Infrastructure and Software Applications - The third quarter should emphasize strong performance in hardware infrastructure and practical software applications, balancing innovation and profitability [11]

全市场超2500只个股下跌。 从板块来看，风电概念股集体走强，吉鑫科技晋级两连板，威力传动20cm涨停； 半导体产业链局部回暖，赛微微电触及20cm涨停续创历史新高，紫光国微触及涨停； 汽车板块表现活跃，曙光股份涨停，赛力斯触及涨停。 下跌方面，游戏股集体退潮，吉比特跌停。 沪深两市半日成交额1.37万亿元，较上个交易日缩量1733亿。 市场早间震荡调整，创业板指盘中跌超1%。南财金融终端显示，截至早盘收盘，沪指跌0.18%，深成 指跌0.79%，创业板指跌1.17%。 | 沪深A股 | 上证A股 | 深证A股 | 创业板 | 科创板 风险警示 | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 1435 | | 名称 | | 原價 | 最新给 | 源跌 | 淑逸 | 盘比 | 换手率 | 張陽 | 成交额 ▼ | | 1 002475 | | 立讯精密 | | -4.15% | 65.89 | 2.85 | +0.12% | 0.41 | 2.62% | 4.64% | 127 ...

（原标题：三项社会保险基金累计结余9.81万亿元，基金支撑能力稳中有升） 9月26日，人力资源社会保障部部长王晓萍在国新办举行的"高质量完成'十四五'规划"系列主题新闻发 布会上介绍，"十四五"以来，三项社会保险基金收支总规模69.27万亿元，基金累计结余9.81万亿元，基 金支撑能力稳中有升，为广大人民群众提供了更可靠更充分的社会保障。 ...

Core Insights - Ray Dalio emphasizes the importance of diversifying asset portfolios, suggesting a 10%-15% allocation to gold as a balance and risk hedge for individual investors [1][14] - He highlights the structural risks associated with high national debt, rising interest rates, and imbalances in bond supply and demand, using the U.S. as a case study [1][2] - Dalio identifies five driving forces behind the rise and fall of nations: debt/credit/money/economic cycles, domestic political order cycles, international geopolitical cycles, natural forces, and human learning and new technologies [1][2] Debt and Economic Implications - Dalio argues that debt issues are not just economic but also political and social problems, as rising debt servicing costs can lead to economic decline and internal conflict [2][3] - He critiques GDP as a measure of debt scale, advocating for a focus on the relationship between government revenue and debt repayment capacity [2][3] - In discussing China's debt, Dalio notes that it is primarily denominated in local currency and held domestically, providing some policy buffer, but warns of challenges from local government debt and real estate adjustments [2][12] Historical Context and Lessons - Dalio's analysis draws on historical debt cycles, asserting that economic issues often lead to political crises, as seen in the 1930s [3][4] - He emphasizes the importance of understanding historical patterns in debt cycles to inform current economic strategies [4][5] - The discussion includes insights from other experts on the interplay between capital markets, political systems, and global geopolitical dynamics [4][5] Investment Strategies - Dalio advocates for a diversified investment approach, particularly in the context of current economic volatility, suggesting that understanding the underlying mechanisms of asset performance is crucial [13][14] - He stresses the need for individuals to avoid speculative behavior and instead focus on maintaining a balanced asset allocation to mitigate risks [10][11] - The conversation highlights the significance of learning from historical financial principles to navigate contemporary investment challenges [14][15]

Core Viewpoint - Guizhou Bank demonstrates resilience and vitality in high-quality development, achieving a stable performance amid a complex macroeconomic environment and industry challenges, with significant growth in both operating income and net profit while maintaining a declining non-performing loan ratio [1][2]. Financial Performance - As of June 2025, Guizhou Bank's total assets exceeded 600 billion yuan, reaching 603.75 billion yuan, a 2.33% increase from the beginning of the year [2] - The bank's net interest margin increased by 0.22 percentage points year-on-year to 1.90%, driven by optimized asset structure and controlled liability costs [2] - Interest income reached 4.918 billion yuan, a 13.25% increase year-on-year, contributing to an operating income of 6.102 billion yuan, up 2.26%, and a net profit of 2.129 billion yuan, growing by 0.31% [2] Asset Quality - The non-performing loan ratio improved to 1.69%, with the provision coverage ratio rising to 331.87%, indicating enhanced risk mitigation capabilities [3] - The non-performing loan ratio for corporate loans decreased to 1.12%, with various sectors experiencing reductions in non-performing rates [3] Regional Development Support - Guizhou Bank focuses on supporting local economic development, aligning with the province's "Four Modernizations" initiatives, including new industrialization and urbanization [4] - As of June 2025, the bank's loans for new industrialization reached 36.199 billion yuan, with total disbursements of 12.427 billion yuan [4] - Loans for new urbanization amounted to 149.814 billion yuan, with cumulative disbursements of 13.033 billion yuan [4] Inclusive Finance and Rural Revitalization - The bank has issued 18.864 billion yuan in loans to small and micro enterprises, serving 18,500 clients, with a total balance of 54.067 billion yuan [5] - In rural revitalization, the bank's agricultural modernization loan balance grew by 3.221 billion yuan to 32.411 billion yuan by mid-2025 [5] Consumer Finance - Guizhou Bank's consumer finance assets reached 36.765 billion yuan, reflecting an increase of 1.156 billion yuan, contributing to the recovery of local consumption [6]

南方财经9月26日电，*ST美谷(000615.SZ)于2025年9月25日发布公告，宣布公司与临时管理人已同八家 重整投资人签署《重整投资协议之补充协议》，对原投资方案进行重要调整，以妥善处理关联担保债务 问题，最大限度保障上市公司及中小投资者利益，推动预重整及重整程序顺利实施。根据补充协议，产 业投资人湖北九州产业园区运营管理有限公司和天津信美通成股权投资合伙企业（有限合伙）的受让股 份价格统一调整为1.62元/股，分别受让435,930,312股和121,091,754股。其余六家财务投资人——包括 中国对外经济贸易信托有限公司、深圳市吉富启瑞投资合伙企业等——股份受让价格则调整为2.08元/ 股，受让股份数量在1,816万股至9,687万股不等。值得关注的是，为化解关联担保债务，部分受让股份 将直接用于以股抵债。例如，湖北九州需拿出75,930,312股、天津信美拿出21,091,754股用于清偿债权 人，其他投资人也按相应比例拿出股票进行抵债。所有投资款需在法院批准重整计划后三个工作日内支 付，最迟不晚于2025年12月31日。此外，重整投资人也作出了股份锁定期承诺。两家产业投资人承诺锁 定36个月 ...

值得注意的是，麒盛科技2024年财务报表被天健会计师事务所出具了带强调事项段的无保留审计意见。 审计报告提示投资者关注2024年公司对上海舒福德数字科技有限公司的应收账款及其他应收款合计约 1.15亿元，因其净资产为负、偿付能力较弱，公司已单项计提坏账准备8705万元。董事会表示该审计意 见符合公司实际情况，并已与上海舒福德协商制定还款计划，对方将于2025年内分批支付逾期款项。 麒盛科技(603610.SH)2025年9月25日公告，拟聘任容诚会计师事务所（特殊普通合伙）担任公司2025年 度财务报告及内部控制审计机构。主要原因在于，原审计机构天健会计师事务所（特殊普通合伙）已连 续9年提供服务，为保障审计工作的独立性与客观性，经综合评估后决定更换。 南方财经9月26日电， ...

南方财经9月26日电， 报告期内（2022年至2025年1-6月），公司营业收入分别为30.15亿元、33.55亿元、37.21亿元、20.01亿 元；净利润分别为3.92亿元、2.96亿元、4.66亿元、1.29亿元，整体保持盈利。截至2025年6月末，研发 团队规模达920余人，硕士以上学历占比约44%。公司已有环泊酚注射液、苯磺酸克利加巴林胶囊、考 格列汀片及安瑞克芬注射液4款1类新药获批上市，另有13个在研1类新药处于临床阶段。 海思科（002653.SZ）9月24日公告，拟调整2025年度向特定对象发行A股股票方案，将募集资金总额上 限由原不超过136,525.67万元调整为不超过124,525.67万元。此次调整主要为满足《证券期货法律适用意 见第18号》中关于补充流动资金和偿还债务比例不得超过募集资金总额30%的监管要求。调整后募集资 金将主要用于新药研发项目及补充流动资金，其中新药研发项目拟投入96,525.67万元，补充流动资金金 额调整为28,000.00万元。 ...

内外部环境也给中国资产价格提供了支撑。在盛松成看来，中国降息的外部环境改善，预计未来美联储 降息还会持续，中国降息仍有空间。短期内中国尚不具备"大幅"降息的基础，预计未来一段时期，中国 依然会以积极的财政政策为主，适度宽松的货币政策予以配合。 责任编辑：凌辰 炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ 近日，盛松成在接受21记者专访时表示 ，"中国居民储蓄将更多流向金融投资，尤其是未来能够创造稳 定现金流的优质项目将成为最具吸引力的资产。这些新项目的底层资产主要涵盖与科技创新和高质量发 展相适配的新基建、消费基建、新型城镇化等领域，与国家重大战略方向高度契合。" ...