Summary of Key Points Core Viewpoint - The article discusses various companies' stock performance and financial forecasts, highlighting significant expected losses for several firms in 2025 and planned share buybacks or reductions by major shareholders. Group 1: Company Actions - Hongya CNC's controlling shareholder plans to increase holdings by 30 million to 60 million yuan [1] - Wuhan Tianyuan's shareholders intend to reduce their holdings by no more than 2% of the company's shares [1] Group 2: Financial Forecasts - Sanfangxiang expects a total loss of 840 million to 760 million yuan for the year 2025 [1] - Haiyou New Materials anticipates a total loss of 520 million to 440 million yuan for 2025 [1] - Hebang Bio forecasts a total loss of 570 million to 470 million yuan for 2025 [1] - Trina Solar predicts a total loss of 7.5 billion to 6.5 billion yuan for 2025 [1] Group 3: Convertible Bonds - Strong redemption announcements for Fuli Convertible Bond, Sailong Convertible Bond, and Tianjian Convertible Bond [1] - Dragon Construction Convertible Bond and Aiwei Convertible Bond are set for subscription on January 22 [1] - Various convertible bonds listed with their current prices, redemption prices, last trading dates, and conversion values [4][6]

（注意：开户前请准备好身份证和银行卡，开户完成后，手机短信收到客户号后第二天可交 易） 交易中若有问题可咨询华宝证券官方客服电话： 4008209898 ； 华 宝 证 券 全 国 营 业 网 点 ： https://www.cnhbstock.com/view/show.html?listId=4 #bread 我最近在华宝证券A股开户，佣金和福利亮了。。。 1、 股票佣金万1.16，ETF和LOF交易佣金万1，上海可转债佣金十万分之4.4，深圳可转 债佣金十万分之8。大多数基金申购费率场内和场外均是1折（佣金费率长期有效）。 2、 预约打新功能：提前一键预约，发行即时提醒预约，打新双保险，方便不遗漏。 3、 智能炒股工具：包括网格交易、智能条件单、多种智能机器人等智能交易功能。 4、 入金且交易，当月资产满10万，即赠送集思录会员服务。当月满足条件后，请在当月 25日在集思录网站上私信 @废都 办理会员服务（私信您的华宝证券客户号）。收到华宝客 户号后，将于每月最后1日办理会员服务（注：私信华宝客户号仅需一次即可）。 华宝证券开户请添加微信： 13911750443 华宝智投关联同花顺步骤：下载华宝智投a ...

Core Viewpoint - The article discusses the contrasting perceptions of civil service jobs and investment opportunities, particularly in the context of stock investments like Changjiang Electric Power, highlighting the financial returns versus the stability and societal perceptions of civil service roles [1][5]. Group 1: Investment Perspective - Investing in 100,000 shares of Changjiang Electric Power could yield an annual dividend of 100,000 and an expected stock price increase of another 100,000, totaling 200,000, which is a significant income compared to a civil servant's salary [1]. - The article suggests that the allure of civil service jobs may stem from societal status rather than financial benefits, as many perceive civil service roles as stable but not necessarily lucrative [6][13]. Group 2: Civil Service Insights - The article emphasizes that not all civil service positions are equal, with many being low-paying roles in smaller cities or rural areas, where salaries can be as low as 3,000 per month, leading to a disparity in perceptions of civil service jobs [2][7]. - It points out that the abandonment rate for civil service positions in remote areas can exceed 10%, indicating a lack of interest in these roles compared to more desirable positions in urban centers [7][8]. - The discussion also highlights that civil servants in certain regions face significant scrutiny and pressure, which can diminish the perceived benefits of these roles [11][13].

Group 1 - Meino Convertible Bond proposes a down adjustment [1][2] - Guanglian Convertible Bond is subject to strong redemption [1][2] - Longi Green Energy expects a net loss attributable to shareholders of 6 billion to 6.5 billion yuan for the fiscal year 2025 [1] Group 2 - New shares from Zhengshi Co. and Agricultural University Technology are available for subscription on the Shanghai and Beijing stock exchanges respectively [1] - The US stock market is closed [1]

今天中证500ETF510500放量263亿，仅次于2024年2月5日； 沪深300ETF510300放量253亿，也是巨量了。 ylshxajh 慈悲为怀，普渡众生。 你们都不想要股票的时候，国家队就从你们手里接过来，我不入地狱谁入地狱。 你们都想要股票的时候，国家队就发给你们，愿将所有倾囊相送。 jnoee 拿着红利低波、消费、券商这些 ETF，想骂人。 路林 现在是爆绿量，分时线下跌。 22:31 ● 参与热门 国内 �@ Mall BD # 22:32 @ -- �@ 201 22:31 ● -- P深3DDETF华都相所 ▶ @ Q ( 创业板ETF易方达 > @ ○ ◀ 上证50ETF . @ 0 3.180 -0.22% 4.875 0.18% 3.352 0.60% 手表 11272 800 115 November 11576 s 775560 12 0 15 15 15 15 15 3 3 3560 1137 > 服務指数: 沪深300 475143 € 20% 成立年化收益 10.96% > 跟踪指数: 创业板指 3367.92 0.56% 成立年化收益 12.69% >> 體驗指數: ...

股市应该是进入死亡冲刺阶段了 https://www.jisilu.cn/question/517408 2025~2026年你加杠杆了吗，大家一起来说说对杠杆的理解和运用吧 https://www.jisilu.cn/question/517367 天普股份是明确警告，小票要降降温了 https://www.jisilu.cn/question/517334 今天很多股在尾盘卖1档放了很大单，是其他挡位的100倍。 https://www.jisilu.cn/question/517510 关注集思录微信 本文不构成任何投资建议，仅为信息分享。任何因本文导致的投资行为发生的亏损，本公众 号及作者概不承担任何责任。 集思录(www.jisilu.cn)是一个以数据为本的投资理财社区，专注于新股、可转债、债券、封闭 基金等数据服务。我们的理念是在保证本金安全的前提下，使资产获得稳健增长。 快捷查询： 搜索公众号"jisilu8"添加我们 特别提示 ...

Market Overview - The current market is characterized by a structural bull market rather than a comprehensive bull market, with significant disparities among stocks [2][4] - The market capacity has expanded, making it unlikely to see a comprehensive bull market like the one from 2019 to 2021, where the China Securities 500 index had a price-to-book (PB) ratio of less than 2.2 and a price-to-earnings (PE) ratio of around 20 [2] Stock Valuation - Currently, the PB ratio of the China Securities 500 index is approximately 2.6, and the PE ratio is nearing 40, indicating a significant increase in valuations compared to previous years [2] - Core assets, particularly in the food and beverage sector, have seen their valuations drop from over 100 times earnings during the previous bull market to around 30 times for companies like Haitian Flavoring and Food [2] Market Sentiment - There is a sense of caution among investors, with some expressing that even in a bull market, certain stocks may not yield profits and could incur losses [3] - The sentiment reflects a belief that while a comprehensive market crash is unlikely, structural downturns in specific sectors could occur [4] Investment Strategies - Investors are advised to adopt a long-term perspective, particularly during prolonged bear markets, as these periods can provide opportunities to accumulate quality assets at lower prices [11] - The strategy of holding onto stocks acquired at low prices during bear markets can lead to significant returns when the next bull market arrives, as investors can benefit from dividends and capital appreciation without the pressure of high entry costs [11] Future Outlook - Some analysts predict that the market may experience adjustments in the short term but remain optimistic about long-term growth, with potential targets for indices like the CSI 300 reaching above 6200 points before significant sell-offs occur [8] - The overall sentiment suggests that the current market phase is just the beginning, with further upward movements anticipated before any major risks are considered [9]

Core Insights - The investment return for the year 2025 is calculated to be 21.27% using the Simple Dietz method and 20.91% using the Internal Rate of Return (IRR) method, based on a comprehensive recording of all household assets and expenses [1][3]. Investment Portfolio Overview - The major holdings at the end of 2025, sorted by proportion, include: - Cash and equivalents: 72.92% - Penghua National Index 2000 Enhanced A: 5.18% - Southern US Treasury 20: 4.86% - Healthcare ETF: 4.82% - Other index funds and stocks with smaller proportions [4][5]. Performance of Investments - The absolute returns for various assets in 2025, ranked from highest to lowest, are as follows: - Huaxia Hang Seng ETF: 22.36% - Hang Seng Internet ETF: 29.73% - Penghua National Index 2000 Enhanced A: 51.98% - Other funds also showed significant returns, with the lowest being Healthcare ETF at 6.05% [6][7]. Market Analysis and Strategy - The decision to significantly reduce holdings in Hong Kong stock funds in the first half of 2025 was made due to a lack of sustained alpha returns, despite missing some subsequent gains [7][8]. - The performance of various index-enhanced funds was strong, particularly the Penghua National Index 2000 Enhanced A, which outperformed its benchmark by 19.82% [8]. - The strategy for 2026 includes a defensive approach, with a focus on controlling equity positions and potentially going to cash, in light of global market bubbles and the risks associated with AI-driven expectations [10][11]. Future Considerations - The analysis suggests caution regarding the sustainability of current market valuations, drawing parallels to historical market bubbles and emphasizing the need for careful investment strategies moving forward [10][11].

Summary of Key Points Core Viewpoint - The article discusses recent corporate actions including share buybacks, shareholder reductions, and convertible bond updates, indicating a dynamic market environment for investors. Group 1: Corporate Actions - Hongchuan Zhihui plans to reduce its shareholding by no more than 2% of the company's shares [1] - Meijin Energy expects a loss of 850 million to 1.25 billion yuan in 2025 [1] - Luxshare Precision intends to repurchase company shares worth between 1 billion to 2 billion yuan [1] Group 2: Convertible Bonds - Jia Mei Convertible Bond and Fumiao Convertible Bond are subject to strong redemption [2] - Wei Er Convertible Bond will not undergo a downward adjustment [2] - New listings and subscriptions for various convertible bonds are noted, including Shangle and Naipu [1] Group 3: Market Data on Convertible Bonds - The current price and redemption price for several convertible bonds are provided, with specific details on their last trading and conversion dates, as well as their remaining scale and market capitalization ratios [4][6]

Core Viewpoint - The article discusses the adjustment of the Wanfu convertible bond, highlighting its implications for investors and the market dynamics surrounding convertible bonds [1]. Group 1: Convertible Bond Adjustments - Wanfu convertible bond (code: 123064) has announced an adjustment, with the announcement date set for January 14, 2026 [2]. - The adjustment is part of a broader trend in the convertible bond market, where issuers are modifying terms to enhance attractiveness to investors [1]. Group 2: Market Data on Convertible Bonds - Various convertible bonds are listed with their current prices, redemption prices, last trading dates, last conversion dates, conversion values, remaining scales, and the proportion of convertible bonds to the underlying stocks [4][6]. - For instance, the Kai Sheng convertible bond (code: 123233) has a current price of 141.461, a redemption price of 100.100, and a conversion value of 141.58, with a remaining scale of 0.007 billion [4]. - The Liu Yao convertible bond (code: 113563) has a current price of 107.926, a redemption price of 108.000, and a conversion value of 87.77, with a remaining scale of 8.010 billion [6]. Group 3: Company Earnings Forecasts - Companies such as Shanhe Pharmaceutical and Jinyu Jidong have provided earnings forecasts for 2025, with Shanhe expecting a profit of 165 million to 194 million, representing a year-on-year growth of 38.16% to 62.45% [8]. - Jinyu Jidong anticipates a profit of 180 million to 260 million for the same period [8].