格隆汇9月26日丨归创通桥(02190.HK)发布公告，2025年9月26日耗资115.24万港元回购5万股，回购价 格每股22.8-23.62港元。 ...

格隆汇9月26日丨津上机床中国(01651.HK)发布公告，9月26日耗资465.61万港元回购15万股，回购价格 每股30.54-31.66港元。 ...

Market Overview - The three major indices experienced a collective pullback, with the Shanghai Composite Index down 0.65%, the Shenzhen Component down 1.76%, and the ChiNext Index down 2.60% [1] - The trading volume in the Shanghai and Shenzhen markets exceeded 2.1 trillion, a decrease of over 200 billion compared to the previous day [2] - The market is showing increased divergence as the holiday approaches, with trading volume relatively dull compared to last week, but volatility is on the rise [3] Sector Performance - The market saw a broad adjustment, with most industry sectors declining. Wind power equipment, chemical fiber, fertilizer, and insurance sectors showed gains, while technology sectors such as gaming, consumer electronics, electronic components, internet services, communication equipment, and software development faced significant declines [6] - Technology stocks experienced a widespread retreat, particularly in computing power sectors, with companies like Zhongheng Electric, Lianang Micro, and Qingshan Paper hitting their daily limit down. Major stocks like Inspur Information and Industrial Fulian also saw substantial drops [8] - Copper-related stocks performed well against the trend, with companies like Jingyi Co. achieving three consecutive limit-up days, and Jiangxi Copper and Tongling Nonferrous Metals also rising. This was influenced by supply concerns following a landslide at the Grasberg mine in Indonesia, which announced "force majeure" due to production stoppage [9] Investment Sentiment - As the National Day holiday approaches, investors face a classic dilemma of whether to hold stocks or cash. The market is experiencing increased volatility and accelerated sector rotation [19] - The market's profitability is declining, with only 32% of stocks rising this week, marking a low point in the current uptrend [21] - Historical data indicates that the probability of index declines in the five trading days leading up to the National Day holiday is 60%, suggesting a cautious outlook for the near term [21] Future Outlook - The technology sector has been a major contributor to the recent index gains, but the current crowded positioning indicates a demand for adjustment. The TMT sector has contributed 42% to the overall A-share index increase since June 23, with a trading volume share of 37% [25] - Given the historical trend of poor performance before the National Day holiday, there is a likelihood of profit-taking, and sectors with strong bottom support signals, such as banking and insurance, may be more favorable [26] - The market is expected to remain in a downward trend with a solid base, and while the medium to long-term upward momentum is still sufficient, more definitive trends may emerge post-October [27]

格隆汇9月26日｜今日，重庆市涪陵榨菜集团股份有限公司召开相关会议，审议通过《2025年半年度利 润分配预案》，尚需股东会审议。根据半年度财报，公司2025年度合并净利润440,706,766.02元，归属 母公司股东净利润282,926,489.97元。此次利润分配预案拟以6月30日总股本为基数，每10股派现金2元 （含税），共派发现金红利230,783,805.60元，不送红股、不转增股本。 ...

Core Viewpoint - Jiadu Technology Group Co., Ltd. has submitted an H-share prospectus to the Hong Kong Stock Exchange, aiming to establish itself as a leading AI-driven smart city transportation solution provider in China [1][2] Group 1: Company Overview - Jiadu Technology focuses on two main business systems: smart rail transit and smart city transportation, leveraging its strong technological foundation to support digital transformation across various industries [1] - The company emphasizes an "AI + Vertical Transportation" core strategy, utilizing self-developed AI models, industrial control, and big data technologies to promote the industrialization of "AI + rail transit" and "AI + urban transportation" [1] - Jiadu Technology aims to create a global leading digital infrastructure for urban transportation, integrating both above-ground and underground systems, showcasing its commitment to the smart transportation niche [1] Group 2: Market Position and Achievements - As of June 30, Jiadu Technology has achieved an 85% coverage rate in China's rail transit cities, indicating a strong market presence [1] - The company ranks first in the market for urban station operation management systems in China for 2024 and is among the top fifteen in the urban smart transportation systems sector [1] - Jiadu Technology has made several industry firsts, including the launch of the world's first large model in the transportation vertical and the first open-source operating system for the transportation industry [1] Group 3: Future Prospects - Following a successful H-share listing, Jiadu Technology is expected to become the first AI transportation A+H stock, potentially achieving a valuation premium in the Hong Kong capital market due to its differentiated positioning and technological strength [2]

注册编号：CAM N0004IT-25 许可证有效期限：至 2028 年 9 月 11 日止 本次同仁堂国药取得柬埔寨卫生部药品与食品司签发的许可证后，同仁堂国药的「同仁堂安宫牛黄丸」 可在柬埔寨出售，有助于丰富集团重点产品的分销渠道，有利于集团的市场拓展。上述许可证的取得暂 不会对集团生产经营和业绩产生重大影响。药品销售容易受到柬埔寨政策环境变化、汇率波动、市场竞 争等因素的影响。 格隆汇9月26日丨同仁堂科技(01666.HK)宣布，公司附属公司同仁堂国药于近日收到柬埔寨王国卫生部 药品与食品司颁发的《传统药品注册许可证》(「许可证」)，准许将同仁堂国药的「同仁堂安宫牛黄 丸」在柬埔寨出售。 药品名称：同仁堂安宫牛黄丸 许可证持有人名称及地址：北京同仁堂国药有限公司，中国香港湾仔港湾道 1 号会展广场办公大楼 14 楼 1405 -1409 室 ...

Needham将Lululemon Athletica的评级从"买入"下调至"持有"，目标价为192美元。(格隆汇) ...

格隆汇9月26日丨双林股份(300100.SZ)公布2025年限制性股票激励计划，本计划拟向激励对象授予的第 二类限制性股票总量为193.75万股，约占本计划公告时公司股本总额的0.34%，其中：首次授予155.00 万股，占本计划拟授予权益总数的80.00%，占本计划公告时公司股本总额的0.27%；预留38.75万股，占 本计划拟授予权益总数的20.00%，占本计划公告时公司股本总额的0.07%。公司全部在有效期内的股权 激励计划所涉及的标的股票总数累计未超过公司股本总额的20.00%。本激励计划中任何一名激励对象 通过全部在有效期内的股权激励计划获授的本公司股票数量，累计未超过公司股本总额的1.00%。 ...

茅台今年流年不利，先是股价被寒武纪超过，再是昨天市值被宁德时代超过，属于茅台股王的时代看上去终是要过去了。 但茅台不服！ 昨晚深夜已近12点，贵州茅台的公众号发了一篇文章，其中里面有个数据，9月茅台终端动销环比翻倍，同比增长20%。 环比这个数据其实意义不大，毕竟到9月了，后面是中秋国庆节，有节假日效应，但同比，这个数据是很不错的。 对投资者来说，最关心的，应该是这个数据是不是意味着消费股有救了，市场会不会发生高低切？ 消费的整体基本面依然很差 首先要指出的是，消费的基本面依然很差，茅台9月动销同比增长20%的背后，是白酒行业动销双位数的下滑。茅台这个 20%增长只属于茅台独有。 那为什么茅台增长了呢？ 除了节假日临近外，另一个原因是飞天的价格大大下跌了。去年这个时候，茅台的批价整箱在2500以上，散瓶在2400左 右，再往前，21年的时候，茅台整箱达到过3800以上，散瓶3100。而今年就在上周末，茅台批价整箱跌到1770，散瓶跌到 1750元，已经是腰斩了。 对消费者来说，飞天茅台变便宜了，我身边最近就有几个人去买了茅台酒，其中一位是成箱买，成交价格大概在1950元。 9月的动销增长20%验证了另一件事， ...

9月25日，新城控股(601155.SH)成功发行2025年度第二期中期票据，发行规模9亿元，认购倍数1.5倍， 期限为5年，票面利率为3.29％。中诚信国际给予发行人主体和本期债项双AAA评级。主承销商为中信 证券，联席主承销商为邮储银行和招商银行。 中债信用增进投资股份有限公司(简称"中债增")为该笔中票提供全额无条件不可撤销连带责任保证担 保。这也是自2022年9月发行首笔中债增全额担保中票后，新城控股成功发行的第八笔中期票据，连续 四年持续获得民企债券融资支持工具的政策支持。而此次中期票据的成功发行，进一步巩固了 "中债增 增信 + 民营房企融资" 的良性循环模式，成为"第二支箭"政策以来中票到期后的首单续发。这一 "继往 开来" 的实践，印证了优质民营房企通过规范经营与政策支持相结合，能够持续获得资本市场青睐。 自 政策落地以来，"第二支箭" 始终聚焦民营企业合理融资需求，政策效能持续释放，助力修复市场对民 营企业的信用预期，为民营企业拓宽融资渠道、降低融资成本搭建了核心桥梁。 而这一切成果的背后，离不开人民银行与监管机构的持续支持。人民银行始终将民营房企融资环境改善 作为重要工作方向；同时，监管层 ...