在金融市场信息爆炸的今天，AI技术正重塑投研行业格局。例如不久前，中信建投推出的"AI智问"， 就可以 一键生成研报摘要、拆解财务指标，有效提升投研效率。 所以，面对这样的冲击，金融从业者 拥抱AI已非选择，而是必然。 同时在日常的投研工作中，往往需要大量的调研与数据分析，也就离不开Python的运用。那么， 如何 用AI和Python处理海量金融数据？如何将AI和Python融入投研、风控、量化等核心场景？ 下面我们 就和大家一起聊聊—— 11111 1111 111 、、、、、、、、、数数数数数数数数数据据据据据据据据据获获获获获获获获获取取取取取取取取取与与与与与与与与与处处处处处处处处处理理理理理理理理理 AI和Python在金融数据获取与处理方面发挥着巨大作用。通过 巨潮资讯网、数据接口以及 Python爬虫技术 ，能够高效地获取上市公司财报、行情数据等关键信息。例如，利用Python的 requests库和Selenium库，可以轻松爬取网页数据，并通过正则表达式和BS库进行解析，为后 续的分析工作提供精准的数据支持。 22222 2222 222 、、、、、、、、、财财财财财财财财财务务务务务务 ...

Core Viewpoint - The company, Liuzhou Chemical Co., Ltd. (柳化股份), has disclosed corrections of prior accounting errors, which will affect its financial reports from 2021 to 2024, leading to adjustments in revenue and costs for those years [1][3][4]. Group 1: Reasons for Accounting Error Correction - The company received a directive from the China Securities Regulatory Commission (CSRC) on July 4, 2025, indicating that it had improperly accounted for certain trade transactions using the gross method instead of the net method, resulting in inaccurate financial reporting for the years 2021 to 2024 [4][6]. - The company is required to strengthen its accounting practices and ensure compliance with the relevant accounting standards and regulations [5][6]. Group 2: Financial Impact of Corrections - The adjustments will reduce the reported revenue and costs for the following periods: - 2021: Revenue and costs reduced by 15,486,205.45 CNY - 2022: Revenue and costs reduced by 12,011,555.98 CNY - 2023: Revenue and costs reduced by 7,156,511.68 CNY - Q1 2024: Revenue and costs reduced by 893,850.10 CNY - H1 2024: Revenue and costs reduced by 4,028,843.56 CNY - Q3 2024: Revenue and costs reduced by 6,238,227.10 CNY [3][8]. - The corrections will not impact the company's total assets, total liabilities, net assets, net profit, or net cash flow from operating activities [8].

Core Viewpoint - The article emphasizes the challenges and complexities of working in investment banking, particularly for newcomers who may struggle without guidance [1][2]. Group 1: Overview of Investment Banking - Investment banking is perceived as an attractive industry, but it involves significant pressure and requires a comprehensive skill set across legal, financial, and business domains [1]. - Newcomers often spend years on basic tasks without a clear growth path unless guided by experienced mentors [2]. Group 2: Learning Package Introduction - To assist newcomers and those interested in investment banking, a "Growth Learning Package" has been launched, which includes a physical book, online courses, and a customized notebook [3][4]. - The book "Investment Banking Growth Notes" consists of 312 pages and covers essential topics such as career planning, industry insights, and necessary skills for investment banking professionals [4]. Group 3: Content Structure of the Learning Package - The first two chapters provide foundational knowledge about investment banking, including department divisions, regulatory frameworks, basic skills, project classifications, daily tasks, and industry trends [7][11]. - Chapters three to seven focus on essential professional skills, accounting for approximately 62% of the book's content, covering industry research skills, client acquisition techniques, due diligence, financial thinking, and company valuation [12][34]. Group 4: Industry Research Techniques - Chapter three details industry research techniques, including quantitative thinking, macro data analysis, and financial metrics evaluation, which are crucial for understanding industry dynamics [13][16]. - It also provides insights into specific industries such as catering, liquor, pharmaceuticals, automotive, and real estate, highlighting their operational models and key financial indicators [16]. Group 5: Client Acquisition and Due Diligence - Chapter four shares experiences from a seasoned underwriter on acquiring IPO business, including market conditions, channel development, and preparation for client meetings [20][21]. - Chapter five outlines the due diligence process, detailing information collection, verification, and analysis, along with a checklist of twelve specific operational steps [26][28]. Group 6: Financial Analysis and Valuation - Chapter six focuses on understanding a company's true financial status through balance sheets, income statements, and cash flow statements, emphasizing the relationships between these documents [30][32]. - Chapter seven discusses valuation methods, including relative and absolute valuation techniques, and offers practical advice for companies to enhance their valuation [32][34]. Group 7: IPO Process Insights - Chapters eight and nine address IPO projects, with chapter eight highlighting common regulatory concerns during IPO reviews, such as financial compliance and related party transactions [37][38]. - Chapter nine outlines the responsibilities of various departments within a company during the IPO process, emphasizing the need for preparation and coordination among teams [39][43]. Group 8: Conclusion - The "Investment Banking Growth Notes" is presented as a practical resource filled with real-world experiences and advice from industry professionals, making it applicable for those pursuing a career in investment banking [43][44].

Core Viewpoint - The establishment of the China Capital Market Society aims to create a high-end think tank platform for theoretical research, academic exchange, and decision-making consultation in the capital market [2] Group 1: Establishment and Leadership - The founding conference of the China Capital Market Society was held on July 26, with key figures such as the Chairman of the China Securities Regulatory Commission (CSRC) Wu Qing taking leadership roles [1] - The society includes prominent scholars, financial institution leaders, and representatives from listed companies as its first members [1] Group 2: Professional Committees - The society has set up several professional committees to focus on core aspects of the capital market, including: 1. Macroeconomics and Industry Committee 2. Market Stability and Risk Prevention Committee 3. Innovation Development Committee 4. Market Microstructure Committee 5. Futures and Derivatives Committee 6. International Market and Opening-up Committee 7. Legal and Investor Protection Committee [3] - An official academic journal titled "Capital Market Research" will be launched by the society [2] Group 3: Goals and Objectives - The society aims to unite various research forces from industry institutions, listed companies, universities, and government departments to conduct research and promote significant topics in the capital market [2] - The CSRC, along with the Ministry of Civil Affairs and other parties, will work together to enhance the society's role in understanding financial development characteristics, fostering international cooperation, and promoting high-quality development of the capital market [2]

Core Viewpoint - The China Securities Regulatory Commission (CSRC) has issued supplementary material requirements for eight companies regarding their overseas issuance and listing applications, focusing on compliance, ownership structure, and potential risks associated with their operations [1][2][3]. Group 1: Supplementary Material Requirements - For Shenyan Intelligent, the company is required to explain the circumstances surrounding its previous approval for listing on the National Equities Exchange and Quotations (NEEQ) and its plans for A-share listing [1][2]. - For Haofu Creative Group, the focus is on the compliance of its equity control structure, including the acquisition processes and the reasons behind share transfers among shareholders [2][3]. - For Jinxun Co., the company must clarify whether its projects are classified as "high energy consumption" or "high emissions" and provide relevant evidence [3]. Group 2: Specific Company Requirements - For Zhejing Automotive, the company is required to provide details on its compliance with foreign investment regulations and the rationale behind recent share price variations among new shareholders [4][5]. - For Junneng Technology, the company must clarify its compliance with foreign investment regulations and provide a detailed account of its recent shareholder changes and their implications [7][8]. - For Shengtong Special Medical, the company needs to explain its business operations related to health food sales and the compliance of its equity incentive plans [14][15]. Group 3: Legal Opinions and Compliance - Companies are required to obtain legal opinions confirming the compliance of their equity structures and any potential conflicts of interest arising from recent shareholder changes [5][9][11]. - The companies must also provide evidence of their operational activities and compliance with necessary licenses, particularly in sectors that may involve foreign investment restrictions [20][21][23].

自金税四期全面上线以来，税收征管领域迎来了更为深刻的变革。一方智慧税务体系以 "以数治税" 为 核心，依托 大数据、人工智能 等技术实面，现 全流程、全税种 的精准监管;另一方面，新征管法 进一 步强化了税收合规要求 ，对企业的税费申报、成本票管理、股东分红个税社保缴纳等环节提出更严格 的规范。 随着税务监管趋严，企业对税务争议解决的需求也日益增多 ，财税人员、税务师等专业人士如何帮助 企业做好税务争议应对，获取高价值解决方案？ 为了帮助大家应对这些问题， 梧桐课堂 特联合麒瑞丰于 2025年8月15-16日 在 成都 举办 《 智慧税务 &新征管法下税企争议化解之道——80+高频争议实战案例全景剖析 》 线下培训。 主讲嘉宾 董老师 中国注册会计师、税务师、律师 ● 多家大型集团公司的税务顾问、董事 。 ● 现国内某五A级税务师事务所首席税务顾问，为多家大型集团企业进行纳税风险和财务内控诊 断，成功实施税收规划并创造巨大经济效益。 ● 从事财税理论研究与实践30余年，擅长企业纳税方案设计、纳税风险控制、合同涉税风险管控、 税企争议协调及并购重组涉税论证与合规。 ● 国内多家财税培训机构特聘讲师，深受学员好评 ...

Core Viewpoint - The China Securities Regulatory Commission (CSRC) has imposed administrative penalties on Lixin Certified Public Accountants for failing to perform due diligence in the audit of Shanghai Sierxin Technology Co., Ltd.'s IPO, which involved significant financial misstatements [1][14]. Group 1: Audit Failures - Lixin's audit report for Sierxin contained false records, with Sierxin overstating its 2020 revenue by 15.3672 million yuan, accounting for 11.55% of total revenue, and inflating its profit by 12.4617 million yuan, which represented 118.48% of total profit for that year [5][14]. - The audit procedures executed by Lixin were inadequate, including insufficient risk assessment, production audit, revenue audit, client visit procedures, cash flow verification, and related party loan expense audits [6][7][8][10][11][12]. Group 2: Specific Audit Procedure Failures - Risk assessment procedures were not properly executed, failing to identify significant fraud risks related to Sierxin's financial performance and management pressure [6]. - Production audit procedures were inadequate, as Lixin did not verify the actual production dates of products for which revenue was recognized [7]. - Revenue audit procedures were insufficient, with Lixin failing to adequately assess the legitimacy of software sales that contributed significantly to Sierxin's profits [8][9]. - Client visit procedures were superficial, lacking thorough investigation into contract anomalies and failing to corroborate evidence from other sources [10]. - Cash flow verification procedures were not properly conducted, leading to missed identification of fraudulent sales and misappropriation of funds [11]. - Related party loan expense audits were not adequately evaluated, resulting in improper accounting treatment [12]. Group 3: Penalties and Consequences - The CSRC ordered Lixin to correct its practices, confiscated its audit income of 1.547 million yuan, and imposed a fine of 3.094 million yuan [14]. - The responsible auditors, Wang Bin and Tang Cheng, received warnings and fines of 400,000 yuan each [14].

Group 1: Company Overview - Xiamen Hengkang New Materials Technology Co., Ltd. focuses on the research and industrial application of key materials in the integrated circuit field, being one of the few domestic companies capable of developing and mass-producing key materials for 12-inch integrated circuit wafers [4] - Qingdao Taikaiying Special Tires Co., Ltd. is driven by technological innovation, specializing in the design, research, sales, and service of tires for the mining and construction industries, with products including engineering radial tires and all-steel truck tires [10] Group 2: Shareholding Structure - In Hengkang New Materials, Yi Rongkun directly holds 19.52% of the voting rights and controls an additional 21.35% through various agreements, totaling 40.87% voting rights, making him the controlling shareholder and actual controller [2][6] - In Taikaiying, Taikaiying Holdings directly holds 72.94% of the shares, while Wang Chuanxu and his spouse, Guo Yongfang, collectively control 79.71% of the shares, establishing them as the actual controllers [3][12] Group 3: Financial Performance - Hengkang New Materials reported revenues of 321.77 million, 367.71 million, and 547.94 million yuan, with net profits of 91.04 million, 81.53 million, and 94.30 million yuan for the reporting periods [7] - Taikaiying's revenues were 1.80 billion, 2.03 billion, and 2.30 billion yuan, with net profits of 101.91 million, 136.05 million, and 150.60 million yuan during the same periods [13] Group 4: Key Issues Raised in Meetings - Hengkang New Materials faced inquiries regarding potential intellectual property disputes related to its self-produced photoresist materials and precursor products, as well as the appropriateness of its revenue recognition method [8][9] - Taikaiying was questioned about the authenticity and sustainability of its performance growth, as well as its technological competitiveness compared to industry peers [14][15]

文/梧桐小编 7月25日，希荻微电子集团股份有限公司（688173）发布关于控股子公司重大事项提示公告。希荻微发 现控股子公司 Zinitix Co., Ltd.（以下简称"Zinitix"、韩国科斯达克市场上市公司）现任董事在希荻微 及其子公司任职期间涉嫌不法行为，要求 Zinitix 召开临时股东大会改选董事。但Zinitix现任董事采取 了一系列行为阻碍董事改选，截至本公告日，公司尚未完成Zinitix董事会改选。后续，公司将继续积极 通过韩国当地的行政和司法途径维护正当的股东权益。公司2024年收购Zinitix 形成商誉6421.75 万 元。根据公司2025 年第一季度报告，Zinitix 2025 年第一季度的营业收入为人民币4,807.32 万元，占 公司 2025 年第一季度营业收入的 27.06%。如公司失去对Zinitix 的控制，根据企业会计准则的相关规 定，公司将不再把 Zinitix 纳入公司合并报表范围，终止确认商誉并产生损失，可能对公司 2025 年财 务报表产生重大不利影响。 一、 2024年才收购的子公司，产生商誉6421万元 2024 年 8 月 ， 希 荻 微 公 司 ...

面对制度的加速落地与实操要求， 上市公司究竟该如何有效开展市值管理？ 我们结合最新政策与实 践，梳理了几个核心要点与实操路径： 2025年A股上市公司的市值管理正加速推进： 截至5月27日， 已有438家公司发布了市值管理制度， 225家发布了明确的估值提升计划 。可以看出，在《上市公司监管指引第10号》等政策的持续推动下， 合法合规地提升内在价值与市场认可度，已成为企业发展的关键一环。 四 资资资本本本运运运作作作 1 再融资 在上市公司股价出现脱离基本面的持续下跌时，股份回购对市值的提振作用往往更加明显。根据 《上市公司股份回购规则》规定： 上市公司用于回购的资金来源必须合法合规，一般为 自有资金 ，且上市公司只有在减少公司注册资 本；将股份用于员工持股计划或者 股权激励 ；将股份用于转换上市公司发行的可转换为股票的 公 司债券 ；为维护公司价值及股东权益所必需时才能回购本公司股票。 一一一一 分 红 分红的实施主体为上市公司，属于最简单直接的市值管理措施，但实施分红的前提是 有利可分 。 根据《公司法》第210条规定，公司在分配税后利润时，需先弥补以前年度亏损和提取公积金，剩余 利润股份有限公司按照股东 ...