证券代码：000670 证券简称：盈方微 公告编号：2025-036 盈方微电子股份有限公司 股东东方证券股份有限公司保证向本公司提供的信息内容真实、准确、完整， 没有虚假记载、误导性陈述或重大遗漏。 本公司及董事会全体成员保证公告内容与信息披露义务人提供的信息一致。 盈方微电子股份有限公司（以下简称"公司"或"盈方微"）于 2025 年 5 月 28 日披露了《关于持股 5%以上股东减持股份预披露公告》（公告编号：2025-032）， 公司持股 5%以上股东东方证券股份有限公司（以下简称"东方证券"）计划以集中 竞价、大宗交易方式减持公司股份，减持股份数量上限不超过公司总股本的 3%。 其中，通过集中竞价交易减持股份的，合计不超过公司总股本的 1%；通过大宗交 易方式减持股份的，合计不超过公司总股本的 2%。 公司于近日收到东方证券出具的《关于权益变动持股比例触及 1%刻度的告 知函》，东方证券于 2025 年 6 月 20 日以二级市场集中竞价交易方式减持公司股 份 1,743,000 股，合计减持公司股份 1,743,000 股，持股比例从 6.2076%减少至 信息披露义务人 东方证券股份有限公司 住 ...

证券代码：605319 证券简称：无锡振华 公告编号：2025-034 无锡市振华汽车部件股份有限公司 保荐人（主承销商）：东方证券股份有限公司 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 无锡市振华汽车部件股份有限公司（以下简称"发行人"或"公司"）向不 特定对象发行可转换公司债券（以下简称"可转债"）已获得中国证券监督管理 委员会证监许可〔2025〕995 号文同意注册。东方证券股份有限公司（以下简称"东 方证券""主承销商"或"保荐人（主承销商）"）为本次发行的保荐人（主承 销商）。本次发行的可转债简称为"锡振转债"，债券代码为"111022"。 | 类别 | 认购数量（手） | | 放弃认购数量（手） | | | --- | --- | --- | --- | --- | | 原股东 | 448,228 | | 0 | | | 网上社会公众投资者 | | 70,505 | | 1,267 | | 网下机构投资者 | | - | | - | | 主承销商包销数量 | | | | | | （放弃认购总数 ...

Core Viewpoint - The article highlights that Dongfang Securities, with its chief investment advisor "Screw", has won the prestigious "Golden Bull Award" for three consecutive years, emphasizing the importance of investment advisory in the fund industry [1][5]. Group 1: Award Recognition - The "Golden Bull Award" is recognized as one of the most credible and influential awards in China's capital market [3]. - Starting from 2023, the award has introduced the "Fund Advisory Golden Bull Award", indicating the growing significance of fund advisory services [4]. Group 2: Investment Behavior - The evaluation of investment advisors differs from that of funds, focusing not only on investment performance but also on the retention rate of investors and their ability to avoid chasing market trends [6][7]. - Over 82% of holders in the "Active Selection Advisory Portfolio" maintained their investments during a bear market as of March 2025, significantly higher than the typical retention rate of 25%-35% for stock funds [9][10]. - From 2022 to March 2025, 95% of investors in the "Active Selection" portfolio added more funds during the bear market, showcasing a trend of "contrarian investing" [11][12]. Group 3: Community Engagement - The award also acknowledges the commitment of investors who have consistently supported "Screw" and its investment strategies over the years [13]. - To express gratitude, "Screw" is offering various prizes, including customized merchandise and a selection of investment books, to long-term investors [18][19].

Core Points - The company announced a cash dividend of RMB 0.1 per share (before tax) for the fiscal year 2024, approved at the annual general meeting on May 23, 2025 [1] - The total number of A-shares participating in the dividend distribution is 7,409,015,083 shares after excluding 60,467,781 shares held in the company's repurchase account [2][3] - The ex-dividend reference price will be calculated as the previous closing price minus the cash dividend of approximately RMB 0.0992 per share [3] Distribution Plan - The cash dividend will be distributed to all shareholders registered with the China Securities Depository and Clearing Corporation Limited, Shanghai Branch, as of the close of trading on the record date [1] - The company will not distribute dividends to shares held in the repurchase account [6] - The distribution method involves the Shanghai Clearing House facilitating the payment to eligible shareholders [4] Taxation Details - Individual shareholders holding A-shares for less than one month will incur a 20% tax on dividends, while those holding for more than one month but less than one year will incur a 10% tax [7] - For qualified foreign institutional investors (QFII), a 10% withholding tax will apply, resulting in a net dividend of RMB 0.09 per share [8][9] - For investors through the Shanghai-Hong Kong Stock Connect, a 20% tax will be withheld, leading to a net dividend of RMB 0.08 per share [10][11] Important Dates - The cash dividend distribution date and other relevant dates will be aligned with the H-share shareholders, with details to be published on the company's website and the Hong Kong Stock Exchange [10][11]

Core Viewpoint - The issuance of science and technology bonds by securities firms has experienced explosive growth, with 30 institutions participating and total issuance exceeding 100 billion yuan since May 7, driven by policy support and the need for business transformation [1][3]. Group 1: Market Dynamics - The rapid approval of science and technology bonds by securities firms, particularly since June, has led to significant issuance, with major firms like CITIC Securities and Guotai Junan exceeding 10 billion yuan in issuance [3]. - The subscription rates for these bonds have been notably high, with instances of oversubscription, such as Dongfang Securities achieving a subscription multiple of 8.17 times [3]. Group 2: Characteristics of Securities Firms - Securities firms are characterized by flexible fund utilization, high market recognition, and lower issuance costs compared to other entities, making them more attractive to investors [3][4]. - The funds raised through these bonds are often directed towards specific equity investments in technology enterprises, addressing their funding needs during critical development phases [4]. Group 3: Comprehensive Service Model - Securities firms leverage their full-service capabilities, including underwriting and market-making, to enhance financing channels for technology enterprises, thereby reducing their overall financing costs and time [5]. - The integration of various financial services, such as equity, bonds, and funds, allows for comprehensive financial support tailored to the lifecycle of technology enterprises [5]. Group 4: Investor Participation - The investor base for science and technology bonds includes banks, funds, and insurance companies, with banks being the primary subscribers due to their large asset base and low funding costs [7]. - The introduction of science and technology bond ETFs has provided individual investors with access to this market, enhancing participation opportunities [7]. Group 5: Investment Considerations - Since May, the favorable policy environment has led to a significant issuance of high-quality science and technology bonds, with interest rates notably lower than those of ordinary credit bonds [7]. - Investors should be aware of the potential risks associated with mismatched durations between equity projects and bond terms, as most science and technology bonds have a typical duration of three years [7].

Investment Rating - The industry investment rating is "Overweight" (maintained) [1] Core Viewpoints - The report highlights that the non-bank financial sector is expected to benefit from policy changes, particularly the marginal easing of IPO regulations on the Sci-Tech Innovation Board, which will favor brokerage investment banking and direct investment businesses [3] - The report emphasizes the importance of regulatory measures that link the dividend levels of insurance products to investment returns and risk ratings, which is expected to enhance the performance of large insurance companies [3] - The brokerage sector is anticipated to see continued growth in performance, supported by low valuations and institutional holdings, with a focus on retail brokers and financial technology companies [3] Summary by Sections Industry Trends - The non-bank financial sector is projected to outperform the overall market, with a focus on the positive impact of regulatory reforms and market conditions [1][3] - The average daily trading volume for stock funds was 1.46 trillion, showing a week-on-week decrease of 7.7% [3] Regulatory Developments - The China Securities Regulatory Commission (CSRC) has introduced new measures to deepen reforms on the Sci-Tech Innovation Board, which includes the establishment of a growth tier to support technology companies that are not yet profitable [3] - New regulations on the classification of brokerages aim to promote differentiated development and enhance the functional assessment of brokerages [3] Recommended and Beneficiary Stocks - Recommended stocks include Jiangsu Jinzheng, Hong Kong Stock Exchange, and China Pacific Insurance [4] - Beneficiary stocks include Guosen Securities, Jiufang Zhitu Holdings, and China Galaxy Securities [4]

东方证券股份有限公司（以下简称"保荐机构"）作为重庆西山科技股份有 限公司（以下简称"西山科技"或"公司"）首次公开发行股票并上市持续督导 保荐机构，根据《公司法》《证券法》《上市公司股份回购规则》《上海证券交易 所上市公司自律监管指引第 7 号——回购股份》《上海证券交易所上市公司自律 监管指南第 2 号——业务办理》等有关规定，对公司 2024 年度利润分配所涉及 的差异化分红（以下简称"本次差异化分红"）相关事项进行了审慎核查，具体 情况如下： 一、本次差异化分红的原因 公司于 2023 年 12 月 25 日召开第三届董事会第二十三次会议，审议通过了 《关于以集中竞价交易方式回购公司股份方案的议案》，同意公司使用自有资金 以集中竞价交易方式回购公司股份用于员工持股计划或股权激励，回购金额不低 于人民币 5,000 万元（含），不超过人民币 10,000 万元（含），回购价格不超过 截至 2024 年 6 月 17 日，公司完成本次回购，已实际回购公司股份 1,312,721 月内。 股，占当时公司总股本 53,001,466 股的比例为 2.48%，支付的资金总额为人民币 议通过了《关于变更回购股份用 ...

东方证券股份有限公司 关于上海晶华胶粘新材料股份有限公司 使用募集资金置换预先投入自筹资金的核查意见 作为上海晶华胶粘新材料股份有限公司（以下简称"晶华新材"或"公司"）向 特定对象发行股票的保荐机构，东方证券股份有限公司（以下简称"东方证券"或 "保荐机构"）根据《证券发行上市保荐业务管理办法》、 《上市公司募集资金监管 规则》及《上海证券交易所上市公司自律监管指引第 1 号——规范运作》的有关 规定等的相关规定和要求，对晶华新材使用募集资金置换先期投入自筹资金事项 进行了核查，具体核查情况及意见如下： 一、募集资金基本情况 （证监许可2025909 号）核准，公司以简易程序 向特定对象发行人民币普通股（A 股）27,199,772 股，每股面值人民币 1 元，每 股发行价格为人民币 8.36 元，募集资金总额为人民币 227,390,093.92 元，扣除发 行 费 用 人 民 币 5,152,791.32 （ 不 含 增 值 税 ）， 实 际 募 集 资 金 净 额 为 人 民 币 上述募集资金已于 2025 年 5 月 14 日到账，天衡会计师事务所（特殊普通合 伙）对募集资金到账情况进行了审验，并出 ...

国浩律师（上海）事务所 关于东方证券股份有限公司 致：东方证券股份有限公司 （以下简称"《公司法》"）、 《中华人民共和国证券法》（以下简称"《证券法》"）、《上市公司股份回购 规则》（以下简称"《回购规则》"）、《上海证券交易所上市公司自律监管指 引第 7 号——回购股份》（以下简称"《监管指引第 7 号》"）、《上海证券交 易所股票上市规则》（以下简称"《上市规则》"）、《上海证券交易所交易规 则》（以下简称"《交易规则》"）等法律、法规和规范性文件以及《东方证券 股份有限公司章程》（以下简称"《公司章程》"）的规定，就公司 2024 年度 利润分配所涉及的差异化权益分派特殊除权除息处理（以下简称"2024 年度差 异化分红"或"本次差异化分红"）相关事项出具本法律意见书。 按照律师行业公认的业务标准、道德规范和勤勉尽责的精神，本所律师依据 本法律意见书出具日以前已发生或存在的事实和现行法律、法规和规范性文件的 规定以及《公司章程》的有关规定发表法律意见，并声明如下： 据《公司法》《证券法》《回购规则》《监管指引第 7 号》《上市规则》《交易 规则》等相关法律、法规及规范性文件的规定及本法律意见书出具日前 ...

证券代码：600958 证券简称：东方证券 公告编号：2025-033 东方证券股份有限公司 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或 者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 ? 每股分配比例 A 股每股现金红利人民币 0.1元（含税） ? 相关日期 股份类别 股权登记日 最后交易日 除权（息）日 现金红利发放日 Ａ股 2025/6/26 － 2025/6/27 2025/6/27 重要内容提示： ? 差异化分红送转：是 一、 通过分配方案的股东大会届次和日期 本次利润分配方案经公司2025 年 5 月 23 日的2024年年度股东大会 审议通过。 二、 分配方案 截至股权登记日下午上海证券交易所收市后，在中国证券登记结 算有限责任公司上海分公司（以下简称"中国结算上海分公司" ）登记 在册的本公司全体股东。根据《上海证券交易所上市公司自律监管指 引第 7 号——回购股份》等有关规定，公司回购专用证券账户持有的 公司 H 股股东的现金红利发放的具体操作不适用本公告，详情可 参阅公司于 2025 年 5 月 23 日在香港联交所披露易网站（http://www. ...