当地时间12月2日，美国总统特朗普表示，他对于针对加勒比海疑似"贩毒船只"的打击行动并 未掌握太多信息， 他不知道有关委内瑞拉船只遭到第二次袭击的事 ，并未参与其中。 特朗 普表示，美国战争部长（国防部长）赫格塞思必须就第二次袭击船只一事作出解释。 特朗普同时表示， 会对包括委内瑞拉在内的，任何涉嫌向美国"走私毒品"的国家实施打击 。 来源：央视新闻 特朗普：将对任何涉嫌向美国"走私毒品"的国家实施打击 美军9月2日在加勒比海对一艘"运毒船"发射导弹打击后，继续对船上两名生还者实施攻击。 这艘船最终沉没，造成11人死亡。这引发了外界对第二次打击是否构成战争罪的质疑。此前 有消息人士称，军队接到了美国防部长赫格塞思"干掉船上每个人"的直接指令。赫格塞斯就 此表示："始终支持做出决策的指挥官们。"此外，赫格塞斯称， 打击行动最近暂停了一段时 间，因为"现在很难找到可以打击的船只" 。 2日稍早前， 央视记者 获悉，赫格塞思表示，美国对加勒比海疑似"贩毒船只"的打击"才刚 刚开始"，并坚称尽管国会山日益担忧，但政府仍将继续推进打击行动。 今夜，暴涨！ ...

近期，有债权人申请对*ST正平预重整，截至本公告披露日，公司尚未收到法院关于受理预重整申请 的相关法律文书，即申请人的预重整申请能否被法院受理、公司能否进入重整程序均存在重大不确定 性，公司提醒广大投资者注意相关投资风险。 *ST正平同时提到，公司近期收到上交所对公司2025年三季报有关事项的监管工作函。截至目前， 年审会计师尚无法就外部借款利息、工程项目成本费用计量准确性和完整性获取充分、恰当的审计证 据。 "如截至2025年度财务报告日，年审会计师仍无法就上述事项获取充分、恰当的审计证据，可 能导致无法对财务报表发表非无保留意见，公司股票将被终止上市。" 矿产资源开采能力不足，也是目前*ST正平面临的难题。公司全资子公司格尔木生光矿业开发有限公 司（以下简称"生光矿业"）取得了青海省自然资源厅颁发的《采矿许可证》。矿产资源开发未来需大 规模投入建设和运营，但公司目前无充足资金、人员及设备等用于后续开采，矿产资源后续开采进 展、能否产生收益均存在重大不确定性。*ST正平表示，截至2025年9月30日，公司货币资金为 7237.67万元，其中因农民工专户保证金、诉讼冻结等受限的货币资金3028.48万元，资产 ...

Core Viewpoint - The U.S. stock market rebounded on December 2, with significant gains in technology stocks and cryptocurrencies, indicating a shift in market sentiment after a period of decline [1][6]. Group 1: Cryptocurrency Market - Bitcoin surged over 5%, rising above $90,000, recovering some losses from the previous trading day, while Ethereum increased by over 7% [2]. - The overall market sentiment for cryptocurrencies improved, with traders showing renewed interest after weeks of selling pressure [6]. Group 2: Technology Stocks - Technology stocks related to artificial intelligence (AI) provided substantial support to the market, with companies like Oracle reversing previous declines and Nvidia rising nearly 2% [3]. - Credo Technology's stock soared by 12%, reaching a historical high after reporting better-than-expected earnings [5]. Group 3: Market Sentiment and Economic Indicators - Analysts noted a calmer market atmosphere, with a significant probability (over 87%) that the Federal Reserve will announce interest rate cuts in December, which has contributed to a more positive outlook [6]. - December is historically a strong month for the stock market, with the S&P 500 index averaging over a 1% increase since 1950, making it the third-best month for performance [6][7]. - Increased consumer spending and corporate investments in AI are expected to support productivity gains, potentially leading to improved earnings and stock price growth [7].

Core Viewpoint - Longpan Technology has signed a long-term procurement agreement with Sunwoda's subsidiary in Thailand, expected to generate sales between 4.5 billion to 5.5 billion yuan, which may positively impact the company's future performance [2][9][10]. Group 1: Agreement Details - The agreement involves the sale of 106,800 tons of lithium iron phosphate cathode materials from Longpan's subsidiary LBM New Energy (AP) Pte.Ltd. to Sunwoda Automotive Energy Technology (Thailand) Co., Ltd. from 2026 to 2030 [7][9]. - The total sales amount is estimated based on market prices and will be settled according to actual sales orders [9]. Group 2: Financial Impact - If the agreement is successfully executed, it is expected to have a positive effect on Longpan Technology's future performance, particularly in its lithium iron phosphate cathode materials segment, which ranks among the industry's leaders in shipment volume [10]. - Longpan Technology has shown a decreasing trend in overall losses, with net profits improving from -3.03 billion yuan in the first three quarters of 2024 to -1.10 billion yuan in the first three quarters of 2025 [11]. Group 3: Industry Context - Major players in the battery industry, such as CATL, have been frequently signing large contracts with upstream material suppliers to ensure supply chain stability, indicating a recovery in the lithium battery industry's market conditions [13][16]. - In 2025, Sunwoda and Chuangneng New Energy ranked 6th and 13th respectively in domestic battery installation volume, highlighting their significance in the market [14].

Core Viewpoint - The passing of Xie Yingqiu, a significant figure in Yanjiang Co., Ltd., raises concerns about the company's future leadership and governance, although operations remain stable [1][4]. Company Overview - Yanjiang Co., Ltd. specializes in producing disposable hygiene product surface materials, including PE perforated film, 3D perforated non-woven fabric, hot air non-woven fabric, and ADL flow layers [4]. - For the first three quarters of the year, the company reported revenue of 1.295 billion yuan, a year-on-year increase of 23%, and a net profit attributable to shareholders of 43 million yuan, up 28% year-on-year [4]. Leadership Changes - Xie Yingqiu, born in May 1970, held 18.553 million shares, accounting for 5.58% of the company's total equity, and served as a director and deputy general manager [3][4]. - Following Xie Yingqiu's death, the board of directors will reduce to 8 members, still above the minimum required by Chinese company law [4]. Market Performance - As of December 2, the stock price of Yanjiang Co., Ltd. was 12.23 yuan per share, with a market capitalization of 4.1 billion yuan [5].

中基协指出，股权回购条款本质上是投融资双方为应对未来发展不确定性、信息不对称及代 理成本而设计的风险缓释工具。然而，在当前宏观经济环境下，其执行面临新的挑战。为 此，中基协提出多项核心指引，旨在引导行业回归投资本源，实现可持续发展。 科学设置回购条款 坚守投资底线 中基协强调，私募股权创投基金管理人应树立和践行长期投资、价值投资理念，提升价值发 现、主动管理和估值定价等能力，发挥私募股权创投基金作用，梯度培育创新型企业，服务 科技创新和产业创新。 【导读】股权回购成为争议焦点，多方呼吁友善协商，从长计议，为实现企业健康发展和基 金长期回报奠定基础 中国基金报记者 任子青 莫琳 近日，针对一级市场广受关注的股权回购问题，中国证券投资基金业协会（以下简称中基 协）向各私募股权创投基金管理人发出重要提示，呼吁行业树立长期投资、价值投资理念， 科学合理设置回购条款，并通过友好协商妥善解决潜在纠纷，共同维护市场稳定，支持实体 经济发展。 自去年以来，股权回购条款的执行困境已成为市场焦点。一方面，部分初创科技型企业因触 发回购条款而面临严峻的资金与发展压力；另一方面，私募股权与创投基金也因回购执行难 而陷入"退出困局"， ...

Core Viewpoint - Tianpu Co., Ltd. has completed its stock trading investigation and will resume trading on December 3, 2025, after being suspended since November 28, 2025 [2][3]. Group 1: Stock Performance - As of November 27, 2025, Tianpu's stock price was 147.00 CNY per share, with a year-to-date increase of 1067.59%, resulting in a market capitalization of 19.71 billion CNY [4][5]. - The stock experienced significant volatility, with a series of trading halts and resumption due to market fluctuations, including a 24.69% decline over four consecutive trading days from October 16 to 21, 2025 [7]. Group 2: Shareholding Changes - The stock price surge began after the announcement of a change in actual control on August 21, 2025, when Tianpu's major shareholders planned to transfer a total of 10.75% of shares to Zhonghao Xinying, leading to a new actual controller [6]. - Zhonghao Xinying is recognized as a "star startup" in the AI chip industry, focusing on high-performance AI chip development and infrastructure [6]. Group 3: Future Plans and Financials - Tianpu has confirmed that Zhonghao Xinying has no plans for a backdoor listing through Tianpu within the next 36 months and has no intentions to change the main business or conduct significant asset transactions in the next 12 months [8]. - For the first three quarters of the year, Tianpu reported revenue of 230 million CNY, a year-on-year decrease of 4.98%, and a net profit attributable to shareholders of 18 million CNY, down 2.9% year-on-year [8].

中国基金报记者 卢鸰 继新疆火炬之后，低调的 "80 后 " 江西能源大佬雍芝君，又将入主另一家 A 股上市公司 —— 财信发展。 12 月 2 日，财信发展股价以 3.54 元 / 股收盘，最新市值为 38.96 亿元。 【导读】雍芝君有望入主财信发展 雍芝君有望入主财信发展 财信发展 12 月 2 日晚公告，江西中久天然气集团有限公司（以下简称江西中久）拟通过持 股平台公司收购财信发展 20% 至 29.99% 的股份，最终江西中久实际收购的股权比例根据 法院裁定批准的重整计划及相应债权人做出的选择确定。 本次投资完成后，江西中久将成为财信发展控股股东，其实际控制人雍芝君将成为财信发展 的实际控制人。 2025 年 10 月 16 日，财信发展接到管理人通知，管理人已完成公司控股股东财信地产及间 接控股股东财信集团等 13 家公司破产重整投资人招募遴选工作，江西中久被确定为中选投资 人。 东方资产等此前出局 公开资料显示，江西中久由雍芝君、卢一帆夫妇分别持有 90% 、 10% 的股份。雍芝君是四 川南充人， 2006 年毕业于南昌理工学院机电工程学院，今年 42 岁，是长江商学院 CEO17 期学员。 ...

Core Viewpoint - Aike Co., Ltd. plans to acquire 100% equity of Dongguan Silicon Xiang for 2.2 billion yuan, aiming to strengthen its second growth curve and expand into the data center liquid cooling sector [1][5][8]. Group 1: Acquisition Details - The acquisition will be executed through a combination of issuing shares and cash payments to 23 transaction parties, including Yan Ruohong and others [3][4]. - The transaction price for Dongguan Silicon Xiang's 100% equity is set at 2.2 billion yuan [5]. - Aike Co., Ltd. will issue shares to no more than 35 specific investors to raise matching funds for the acquisition [3][4]. Group 2: Business Strategy and Market Position - Aike Co., Ltd. specializes in outdoor smart lighting and cloud control systems, having been listed on the Shenzhen Stock Exchange in September 2020 [7]. - Following its listing, the company sought business transformation due to industry limitations and market demand, initiating a strategic upgrade in the new energy vehicle sector since 2021 [8]. - The company anticipates that by 2025, revenue from its new energy business will exceed 50% of total revenue [8]. Group 3: Dongguan Silicon Xiang's Profile - Dongguan Silicon Xiang focuses on the R&D, design, manufacturing, and sales of products related to battery signal acquisition and thermal management [8]. - Its main products include CCS integrated busbars, FPC flexible circuit boards, heating films, and insulation cotton, with a growing focus on liquid cooling products [8]. - The company has established a robust customer network in various application fields, including new energy power batteries and data centers, with notable clients such as CATL, BYD, and Xpeng Motors [9]. Group 4: Strategic Importance of the Acquisition - The acquisition is a significant move for Aike Co., Ltd. to enhance its capabilities in the new energy sector, particularly in battery and electric vehicle supply chains [8]. - The transaction is expected to create strong synergies between Aike Co., Ltd. and Dongguan Silicon Xiang, leveraging overlapping and complementary customer bases [8]. - This strategic initiative aims to improve the company's operational capabilities and market competitiveness in the new energy landscape [8].

12 月 2 日晚间，人保财险在港交所发布公告称，其注意到公司 H 股股份于 2025 年 12 月 1 日的价格及成交量出现不寻常波动。 【导读】人保财险：注意到市场传言，正在核实中 中国基金报记者 晨曦 面临高管 " 失联 " 传言，人保财险最新发声！ 人保财险称，公司关注到市场传言提及公司有关高管人员信息，公司正在核实中。目前公司 没有知悉导致 H 股股份的价格及成交量出现不寻常波动的原因，提醒股东及有意投资者在买 卖证券时应审慎行事。 人保财险提及，于公告当日，公司董事长为丁向群（非执行董事），副董事长为于泽（执行 董事），降彩石、张道明及胡伟为执行董事，独立董事为程凤朝、魏晨阳、李伟斌、曲小波 及薛爽。 此次人保财险提到的 " 市场传言提及公司有关高管人员信息 " ，指向其公司副董事长、总裁 于泽。近期，多家媒体报道于泽 " 失联 "" 被有关部门带走 " 等消息。于泽同时在人保财险 母公司中国人保担任副总裁。截至发稿，中国人保尚未就此事发布公告。 12 月 1 日，人保相关股票跌幅明显： A 股中国人保、港股中国人民保险集团、中国财险 （即人保财险）盘中均跌超 6% ，当日分别收跌 4.97% 、 ...