近日，江苏苏州农村商业银行股份有限公司（以下简称"苏农银行（603323）"）发布2025年度业绩快 报。公告显示，苏农银行在2025年延续稳健发展态势，业务规模持续稳步增长，营业收入和净利润均实 现正向增长，资产质量保持优良。 根据业绩快报，2025年苏农银行实现营业收入41.91亿元，同比增长0.41%；归母净利润20.43亿元，同 比增长5.04%。尽管整体经济形势复杂，苏农银行立足战略全局，聚焦主责主业，以"三一五"发展战略 规划为指引，围绕"三个银行"建设，统筹量的合理增长和质的有效提升，全行高质量发展取得新突破。 截至2025年末，苏农银行总资产达到2311.03亿元，较年初增长8.00%；总贷款1394.32亿元，较年初增 长7.81%；总存款1829.59亿元，较年初增长7.47%在风险控制方面，苏农银行的资产质量保持稳健。不 良贷款率为0.88%，较上年下降0.02个百分点，关注贷款率1.33%，拨备覆盖率370.19%，资产质量健康 稳健。（王珞） ...

2025年第四季度，项目公司实现营业收入2559.09万元，全年累计实现营业收入9085.74万元。中金重庆 两江REIT在2025年第四季度实现可供分配金额约1393.95万元，全年累计实现可供分配金额5478.90万 元，与招募说明书披露的2025年模拟预测可供分配金额5464.56万元，达成率为100.26%。按2025年12月 31日收盘价2.827元/份计算的年化现金流分派率为4.85%，按基金发行价2.550元/份计算的年化现金流分 派率为5.37%。 截至2025年12月31日，本基金累计分红3次，分红金额4506.00万元，分配2024年12月3日(基金成立日)至 2025年9月30日对应期间产生的可供分配金额。2025年前三季度实际分配金额约占前三季度可供分配金 额的99.96%。基金成立以来，基金管理人始终致力于将可供分配收益及时返还投资者，通过积极的分 红，为投资人提供长期稳定的收益回报。 本基金通过专项计划100%持有的重要不动产资产合计由4个产业园区组成，为位于重庆市两江新区两江 数字经济产业园照母山研创核心区内的双鱼座项目、双子座项目、凤凰座项目及拓D一期D2项目，合计 建筑面积约 ...

Core Viewpoint - The early closure of the fundraising for the Jianxin Hongtai Multi-Asset Allocation 3-Month Holding FOF reflects strong market recognition of the value of multi-asset allocation and highlights Jianxin Fund's long-term expertise in asset allocation [1][3]. Group 1: Fundraising and Market Trends - Jianxin Fund announced the early closure of its Jianxin Hongtai Multi-Asset Allocation 3-Month Holding FOF after just three trading days of fundraising [1]. - In 2025, the number of FOF funds issued reached 89, with a total fundraising scale of 845.29 billion yuan, accounting for 7.02% of the total fundraising scale of public funds for the year [1]. - The issuance of FOF funds in 2025 ranked third historically in quantity and second in scale [1]. Group 2: Product Features and Strategy - The product is based on bond assets and flexibly combines low-volatility dividend assets, the S&P 500 index, and gold, aiming to reduce exposure risks from single assets and managers while enhancing yield elasticity [2]. - The fund aims to achieve long-term performance that exceeds benchmarks by dynamically managing asset rotation opportunities and addressing investor pain points related to selection, allocation, and timing [2]. - The three-month holding period is designed to control volatility while maintaining adequate liquidity, aligning with current market conditions [2]. Group 3: Company Expertise and Offerings - Jianxin Fund is one of the early companies to obtain qualifications for public FOF, public MOM, and advisory services, with a product system covering low, medium, and high volatility characteristics to meet diverse investor risk preferences [3]. - The company has established the "Shan Jian Hui Tou" asset allocation service brand, focusing on providing comprehensive multi-asset allocation wealth management solutions and full-process support for investors [3].

Core Viewpoint - Hualan Vaccine has received approval from the National Medical Products Administration for clinical trials of its recombinant herpes zoster vaccine (CHO cells), marking a significant step in the development of a vaccine aimed at preventing herpes zoster [1][3]. Group 1: Company Developments - The recombinant herpes zoster vaccine (CHO cells) is designed to induce immune responses to reduce the risk of herpes zoster and its related complications [3]. - The approval for clinical trials allows Hualan Vaccine to officially enter the clinical testing phase, which will further validate the product's safety and efficacy, laying the groundwork for future registration and market launch [3]. - This approval enriches the company's pipeline of vaccine products under development, which is expected to have a positive impact on the company's future growth [3]. Group 2: Industry Context - Herpes zoster is caused by the reactivation of the varicella-zoster virus and primarily affects adults and the elderly with weakened immune systems, leading to significant pain and reduced quality of life [2]. - The prevalence of herpes zoster in China is approximately 6.15%, with rates increasing significantly with age, reaching 12.95% in individuals aged 70 and above [2]. - Vaccination is recognized as an important preventive measure that can significantly reduce the risk of herpes zoster and its complications, indicating a growing demand for herpes zoster vaccines in the context of an aging population and increasing public health awareness [2].

Core Viewpoint - The company expects a significant increase in net profit for the year 2025, projecting a growth of 114% to 133% compared to the previous year, driven by revenue growth and improved gross margin [1] Financial Performance - The company forecasts a net profit attributable to shareholders of between 110 million to 120 million yuan for 2025 [1] - The expected net profit after deducting non-recurring gains and losses is projected to be between 105.5 million to 115.5 million yuan, reflecting a year-on-year increase of 107% to 127% [1] Revenue and Profit Drivers - The anticipated increase in revenue is approximately 9% compared to the same period last year, contributing to a significant rise in gross profit [1] - The company’s polymer materials industrial park in Dongguan and the new materials production base in Zhuhai are expected to turn profitable in 2025 after incurring losses of about 12 million yuan in 2024 due to relocation and other factors [1] Non-recurring Gains and Losses - The impact of non-recurring gains and losses on net profit for 2025 is estimated to be around 4.5 million yuan [1] - The specific financial data for the 2025 fiscal year will be detailed in the upcoming annual report [1]

Group 1 - The core viewpoint of the article highlights the financial performance and operational status of Zhongjin Prologis REIT for the fourth quarter of 2025, indicating a revenue of approximately 105 million yuan and a distributable amount of about 86.6492 million yuan [1] - As of December 31, 2025, Zhongjin Prologis REIT holds 10 logistics warehouses with an average occupancy rate of 89.54%, which increases to 90.04% when considering signed leases that have not yet commenced [1] - The tenant structure of the real estate projects is stable, with around 80 signed tenants primarily from sectors such as third-party logistics, express delivery, retail e-commerce, pharmaceuticals, and medical equipment [1] Group 2 - Since its listing, Zhongjin Prologis REIT has completed 14 dividend distributions, with a total distribution amounting to approximately 1.372 billion yuan, representing 100% of the total distributable amount over the years [1]

中证报中证网讯(记者马爽)1月21日晚间，永安期货（600927）发布公告称，截至本公告披露日，公司 股东浙江东方（600120）控股集团股份有限公司持有公司股份约1.66亿股，占公司总股本11.43%，全部 为无限售条件流通股。浙江东方因自身经营发展需要，拟自2026年2月24日起3个月内通过集中竞价和大 宗交易方式合计减持公司股份不超过约4367万股(含本数)，即不超过公司总股本的3%。其中，拟通过集 中竞价交易方式减持不超过约1456万股，拟通过大宗交易方式减持不超过约2911万股。 ...

Core Viewpoint - The company forecasts a revenue of approximately 8.19 billion yuan for 2025, representing an increase of about 1.681 billion yuan or a year-on-year growth of approximately 26% [1] - The expected net profit attributable to shareholders is around -577 million yuan, indicating a reduction in losses by about 385 million yuan or a year-on-year decrease in losses of approximately 40% [1] Financial Performance - The company anticipates a gross margin of about 6% for 2025, following a positive gross profit in 2024 [1] - The operational efficiency is expected to improve due to the effects of scale and optimization of product structure, leading to a gradual dilution of fixed costs such as depreciation and amortization [1] Strategic Initiatives - The company has established a technology solution system covering multiple application scenarios, driven by continuous core technology breakthroughs and innovation iterations [1] - Strategic cooperation with key customers in the industry chain is deepened to enhance product added value and market competitiveness, successfully driving rapid revenue growth in four core areas: AI, automotive, industrial control, and high-end consumption [1] Growth Outlook - The company has developed a diversified growth pattern characterized by continuous penetration in the AI application field, leading growth in the automotive sector, and steady progress in industrial control and high-end consumption [1] - Sustained investment in research and development is expected to continue while operational efficiency improves, strengthening core competitiveness and profitability for future sustained earnings [1]

中证报中证网讯(记者罗京)据"宁波发布"消息，1月21日，宁波市第十六届人民代表大会第六次会议开 幕。宁波市市长汤飞帆向大会作政府工作报告。报告显示，"十四五"期间，宁波地区生产总值由1.31万 亿元增加到1.87万亿元，经济总量跃居全国城市第十一，人均地区生产总值由14万元增加到19万元，国 家级制造业单项冠军企业数量连续8年居全国城市首位。 ...

1月20晚，四方达（300179）发布公告称，公司于近日收到持股5%以上股东及控股股东、实际控制人的 一致行动人付玉霞、董事兼总经理高华、副总经理师金棒出具的《关于股份减持计划的告知函》。 具体来看，持有公司股份3420.14万股(占公司扣除回购专用账户股份后的总股本比例7.0788%)的持股5% 以上股东及控股股东、实际控制人的一致行动人付玉霞计划在公告披露之日起十五个交易日后的三个月 内以集中竞价方式减持公司股份不超过483.15万股(占公司扣除回购专用账户股份后的总股本比例1%)。 持有公司股份11.45万股(占公司扣除回购专用账户股份后的总股本比例0.0237%)的董事兼总经理高华计 划在公告披露之日起十五个交易日后的三个月内以集中竞价方式减持公司股份不超过2.86万股(占公司 扣除回购专用账户股份后的总股本比例0.0059%)。 持有公司股份8万股(占公司扣除回购专用账户股份后的总股本比例0.0166%)的副总经理师金棒计划在公 告披露之日起十五个交易日后的三个月内以集中竞价方式减持公司股份不超过2万股(占公司扣除回购专 用账户股份后的总股本比例0.0041%)。(王珞) ...