Core Viewpoint - Changjiu Logistics' stock price has declined significantly, currently trading at 7.48 yuan, representing a drop of 8.56%, and is in a state of breaking the issue price [1]. Group 1: Company Overview - Changjiu Logistics was listed on the Shanghai Stock Exchange on August 10, 2016, with an issuance of 40.01 million shares at a price of 15.43 yuan per share [1]. - The total amount raised from the initial public offering (IPO) was 617.35 million yuan, with a net amount of 583.64 million yuan after expenses [1]. - The underwriting institution for the IPO was Anxin Securities Co., Ltd. (now known as Guotou Securities Co., Ltd.), with representatives Yan Kaihong and Yan Juntao [1]. Group 2: Fundraising Activities - The company has raised a total of 1.317 billion yuan through two fundraising activities [2]. - On May 24, 2018, Changjiu Logistics announced a dividend plan, which included a bonus issue of 4 shares for every 10 shares held and a pre-tax dividend of 1.97 yuan, with the ex-dividend date set for May 31, 2018 [2]. Group 3: Convertible Bonds - On November 7, 2018, Changjiu Logistics issued 7 million convertible bonds, each with a face value of 100 yuan, totaling 700 million yuan, approved by the China Securities Regulatory Commission [1].

真兰仪表上市发行费用总额9,863.04万元，其中华福证券有限责任公司获得保荐及承销费用7,975.85 万元。 2024年5月30日，真兰仪表上公告分红方案，每10股派息(税前)3.5元，转增4股。股权登记日为2024 年6月6日，除权除息日为2024年6月7日。 (责任编辑：何潇) 中国经济网北京1月26日讯 真兰仪表(301303.SZ)今日收报16.14元，跌幅7.82%。该股目前处于破发 状态。 真兰仪表于2023年2月20日在深交所创业板上市，公开发行的股票数量为73,000,000股，全部为公开 发行新股，发行价格为每股26.80元，保荐机构（主承销商）为华福证券有限责任公司，保荐代表人马 业青、邢耀华。 上市当日，真兰仪表开盘报33.00元，盘中最高价39.61元，为该股上市以来最高价。 真兰仪表上市募集资金总额为195,640.00万元，扣除发行费用后募集资金净额为185,776.96万元，公 司最终募集资金净额比原计划多11,981.21万元。2023年2月15日，真兰仪表发布的招股书显示，公司拟 募集资金173,795.75万元，分别用于真兰仪表科技有限公司燃气表产能扩建项目、上海真兰仪 ...

威迈斯首次公开发行股票的发行费用合计15,509.36万元（不含增值税），其中，承销保荐费用 11,547.27万元。 (责任编辑：何潇) 威迈斯于2023年7月26日在上交所科创板上市，发行股票数量4,210.00万股，发行价格为47.29元/ 股，保荐人（主承销商）为东方证券承销保荐有限公司，保荐代表人为王德慧、姜晓华。 上市首日，威迈斯盘中最高价报62.00元，为该股上市以来最高价。 威迈斯首次公开发行股票募集资金总额199,090.90万元，扣除不含税发行费用后，实际募集资金净 额为183,581.54万元。该公司最终募集资金净额比原计划多50,351.21万元。威迈斯于2023年7月21日披露 的招股说明书显示，其拟募集资金133,230.33万元，分别用于新能源汽车电源产品生产基地项目、龙岗 宝龙新能源汽车电源实验中心新建项目和补充流动资金。 中国经济网北京1月26日讯 威迈斯(688612.SH)今日股价下跌，截至收盘报32.90元，跌幅4.91%。该 股目前处于破发状态。 ...

禾迈股份首次公开发行股票募集资金总额为55.78亿元，扣除发行费用后募集资金净额为54.06亿 元。该公司最终募集资金净额比原计划多48.48亿元。禾迈股份于2021年12月15日披露的招股说明书显 示，该公司拟募集资金5.58亿元，拟分别用于禾迈智能制造基地建设项目、储能逆变器产业化项目、智 能成套电气设备升级建设项目、补充流动资金。 禾迈股份首次公开发行股票的发行费用总额为1.72亿元，其中，承销费及保荐费1.42亿元。 中国经济网北京1月26日讯 禾迈股份(688032.SH)今日收报111.50元，跌幅7.04%。该股目前处于破 发状态。 2024年6月13日，禾迈股份公告分红方案，每10股派息(税前)36元，转增4.9股，除权除息日为2024 年6月19日。 禾迈股份于2021年12月20日在上交所科创板上市，发行价格为557.80元/股，发行股票数量为 1000.00万股，保荐人（主承销商）为中信证券股份有限公司，保荐代表人为金波、董超。 (责任编辑：何潇) 2022年5月30日，禾迈股份公告分红方案，每10股派息(税前)30元，转增4股，除权除息日为2022年 6月7日。 2023年6月6日，禾 ...

中国经济网北京1月26日讯 天能股份（688819.SH）今日股价收报35.76元，跌幅4.05%。该股目前 处于破发状态。 天能股份于2021年1月18日在上交所科创板上市，发行价格为41.79元/股，发行数量为1.17亿股，保 荐机构为中信证券股份有限公司，保荐代表人为金波、肖云都。 上市当日，天能股份盘中最高报80.16元，创上市以来股价最高点。 天能股份上市募集资金总额为48.73亿元，扣除发行费用后，募集资金净额为47.30亿元。天能股份 最终募集资金净额较原计划多11.35亿元。天能股份于2021年1月11日披露的招股说明书显示，公司拟募 集资金35.95亿元，分别用于绿色智能制造技改项目、高能动力锂电池电芯及PACK项目、大容量高可靠 性起动启停电池建设项目、全面数字化支撑平台建设项目、国家级技术中心创新能力提升项目、补充流 动资金。 天能股份上市发行费用为1.43亿元，其中保荐机构中信证券股份有限公司获得承销保荐费用1.14亿 元。 (责任编辑：何潇) ...

Core Viewpoint - Fosun Pharma disclosed a notice regarding the pledge and release of shares by its controlling shareholder, Shanghai Fosun High Technology (Group) Co., Ltd, indicating a pledge of 32 million shares for debt repayment purposes [1] Group 1: Share Pledge Details - Fosun High Technology pledged 32 million shares to Industrial and Commercial Bank of China, accounting for 3.33% of its total holdings and 1.20% of the company's total share capital [1][2] - The pledge period is from January 22, 2026, to January 26, 2028, with the purpose of repaying debts [1][2] Group 2: Share Release Details - Fosun High Technology released 102.65 million shares from pledge, which is 10.68% of its total holdings and 3.84% of the company's total share capital [3] - As of January 22, 2026, the remaining pledged shares amount to 476.28 million, representing 49.54% of Fosun High Technology's holdings and 17.84% of the company's total share capital [3][4] Group 3: Shareholding Structure - As of January 22, 2026, Fosun High Technology holds 961.42 million shares in total, which includes 889.89 million A-shares and 71.53 million H-shares, constituting approximately 36.00% of the company's total shares [3][4] - Together with its concerted actions, Fosun High Technology and its affiliates hold 967.81 million shares, representing 36.24% of the company's total shares [4]

Core Insights - The article highlights the competitive landscape of the Chinese passenger car market in 2025, emphasizing the rise of domestic brands leveraging technology and user engagement to reshape market dynamics [1][2]. Group 1: Market Dynamics - By 2025, leading Chinese passenger car brands have established competitive advantages based on large-scale operations and strong brand reputation [1]. - Domestic brands, particularly Geely, BYD, and AITO, dominate the market, significantly altering the long-standing influence of joint venture brands [2][4]. Group 2: Brand Performance - Geely ranks first with a comprehensive influence score of 810.96, supported by 1,106,185 annual brand network mentions and 2,081,022 vehicle sales, alongside a 99.43% positive information ratio [4]. - BYD follows closely with a score of 802.90, showcasing a sales figure of 3,105,498 vehicles and a 99.18% positive sentiment [4]. - Tesla China maintains a strong position with a score of 798.53, attributed to its media presence and brand premium [5]. Group 3: Emerging Trends - AITO's performance is notable, with a network mention count of 2,786,396 and a 93.34% user sentiment ratio, indicating a strong foothold in the high-end market [6]. - New energy brands are rapidly growing, with Geely's Galaxy series becoming a key growth driver, while traditional automakers like Great Wall and Changan continue to innovate in hybrid and electric technologies [6]. Group 4: Challenges for Joint Ventures - Traditional joint venture brands face pressure from the rise of domestic brands, leading to a critical phase of adjustment and strategic transformation [7]. - Brands like SAIC Volkswagen and FAW-Volkswagen, despite their historical market presence, show signs of stagnation in user engagement and satisfaction compared to their domestic counterparts [7]. - The need for joint ventures to accelerate local electric vehicle development and adapt global technologies to meet Chinese consumer preferences is emphasized as a core challenge [7].

振东制药（300158）1月23日披露业绩预告称，2025年度归属于上市公司股东的净利润亏损22000万元— 28000万元。 针对业绩变动，振东制药称主要系三方面原因。 其一，公司生产经营活动正常开展，但由于行业政策与市场环境变化等因素，部分产品的销量或价格出 现下滑，致使该部分产品贡献的利润有所下降。 其二，报告期内，受整体市场供需关系影响，部分中药材品种价格延续下跌态势，导致公司中药材业务 仍处于亏损状态。 其三，报告期内，预计非经常性损益对公司归属于上市公司股东的净利润的影响约为1500万元，主要为 政府补助和理财收益等项目影响。上年同期，非经常性损益对归属于上市公司股东的净利润的影响金额 为-64222.40万元。 ...

Core Insights - The event "China Automotive New Year Show" hosted by Buycar aimed to address industry anxieties through humor and shared experiences, highlighting the need for emotional resonance and collective strength in the automotive sector [1][3] Industry Overview - The Chinese automotive market is facing intense competition in 2025, with traditional price-cutting strategies losing effectiveness and a shift towards "value" becoming essential, marking 2025 as the "value year" for the industry [3] - Challenges such as growth difficulties, innovation hurdles, and profitability issues are expected to persist into 2026, emphasizing the need for a renewed focus on opportunities amidst adversity [3][8] Key Discussions - Industry leaders shared insights on the importance of long-term brand value over short-term marketing tactics, with a call for deeper engagement in automotive marketing [5] - Personal anecdotes from sales professionals highlighted the industry's challenges, including issues with electric vehicle range and budget constraints affecting public relations [5][6] - The need for the industry to return to producing reliable vehicles was emphasized, alongside the acknowledgment that companies capable of manufacturing quality cars will ultimately stand out [6][8] Awards and Recognition - The event featured an awards ceremony recognizing 41 categories across various segments, including new energy, luxury, and domestic brands, showcasing the innovative achievements and value breakthroughs in the Chinese automotive industry for 2025 [8][9]

Core Viewpoint - Xunjiixing (688655.SH) announced that its plan for issuing shares to specific targets has expired as of January 25, 2024, following the approval of related proposals at the company's first extraordinary general meeting of shareholders for 2024 [1]. Group 1: Share Issuance Details - The total amount of funds to be raised from the share issuance was not to exceed RMB 340 million [1]. - The funds were intended for projects related to the company's main business and to supplement working capital, specifically for the Zhuhai Xunjiixing smart model production base project (Phase I) [1]. - All subscription for the shares was to be made in cash, with a maximum of 35 eligible investors [1]. Group 2: Pricing and Share Quantity - The pricing benchmark for the share issuance was set as the first day of the issuance period, with the price not lower than 80% of the average trading price over the previous 20 trading days [2]. - The number of shares to be issued was capped at 30% of the total share capital prior to the issuance, which equates to a maximum of 40,017,000 shares [2]. Group 3: Financial Performance - For the first three quarters of 2025, the company reported a revenue of RMB 488 million, representing a year-on-year increase of 40.48% [3]. - The net profit attributable to shareholders was reported at -RMB 16.27 million, with a cash flow from operating activities of -RMB 30.88 million [3]. - In 2024, the net profit attributable to shareholders was -RMB 1.97 million, and the net profit after deducting non-recurring gains and losses was -RMB 7.10 million [5][6]. Group 4: Revenue and R&D Investment - The company's revenue for 2024 was RMB 474.59 million, showing a 2.26% increase compared to 2023 [6]. - Research and development expenses totaled RMB 9.49 million, accounting for 4.85% of revenue, which is a decrease of 1.23 percentage points from the previous year [4].