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中信建投证券(06066) - 董事会会议通告
2025-08-08 10:40
香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容 概不負責,對其準確性或完整性亦不發表任何聲明,並明確表示,概不 對因本公告全部或任何部分內容而產生或因倚賴該等內容而引致的任何 損失承擔任何責任。 (於中華人民共和國註冊成立的股份有限公司) (股份代號:6066) 董事會會議通告 中 信 建 投 証 券 股 份 有 限 公 司(「 本公司 」)董 事 會(「 董事會 」)謹 此 宣 佈 , 董事會會議將於 2025 年 8 月 2 8 日( 星 期 四 )舉 行 , 藉 以( 其 中 包 括 )審 議 及批准本公司及其附屬公司截至 2025 年 6 月 3 0 日止六個月之中期業績及 其發佈。 承董事會命 中信建投証券股份有限公司 董事長 劉 成 中國北京 2025 年 8 月 8 日 於本公告日期,本公司執行董事為劉成先生及金劍華先生;本公司非執 行董事為李岷先生、閆小雷先生、劉延明先生、楊棟先生、華淑蕊女士 及王華女士;以及本公司獨立非執行董事為浦偉光先生、賴觀榮先生、 張崢先生、吳溪先生及鄭偉先生。 ...
“智胜市场”AI与量化协同赋能指数增强策略
Zheng Quan Ri Bao· 2025-08-08 07:17
本报记者 昌校宇 由王鹏掌舵的中信建投中证A500指数增强基金即将发行,该产品将通过量化模型在跟踪基准指数的基 础上获取稳定超额收益。王鹏介绍称:"指数增强策略的核心在于利用'AI技术+量化模型'对成份股进行 精细化筛选和动态权重优化。团队通过深度学习模型处理多维信息,包括量价数据、基本面指标、宏观 政策甚至文本信息,从而更精准地预测个股未来表现。" 近年来,指数化投资呈现蓬勃发展态势,越来越受到机构投资者和个人投资者的青睐。在这一趋势下, 人工智能与量化模型的深度融合,为指数增强策略开辟了新的发展空间。 近日,中信建投基金指数与量化投资部行政负责人王鹏在接受《证券日报》记者专访时表示:"指数化 投资不仅是产品创新的重要方向,更是实现投资者利益最大化的有效工具。而通过'AI+量化'赋能的指 数增强基金,能够在更精准地进行风险控制和资产配置的同时,力争为投资者创造持续超越市场的长期 回报。" 增强回报稳定性 近年来,境内指数化投资的快速发展深刻改变了公募基金行业的产品布局和竞争格局。王鹏表示,指数 基金凭借其低成本、高透明度和分散风险等特点,吸引了大量资金流入,促使基金公司不断优化产品 线,提升投资策略的精细化 ...
中信建投:物理AI将成为人工智能的下个浪潮
Mei Ri Jing Ji Xin Wen· 2025-08-08 00:25
每经AI快讯,中信建投研报表示,物理AI将AI与物理规律融合并应用于实体设备行动中。物理AI相较 传统AI,能够理解真实世界物理规律,能够在数字孪生技术支持下应用真实数据和高保真虚拟环境数 据进行训练与推理,能够依据传感器数据实现动态反馈调整行动策略。物理AI融合了机器学习算法、 数字孪生、CAE求解器等能力,在高端制造、基础科学、能源等广泛领域具备广阔发展前景。海外如英 伟达已形成全面的物理AI布局,旗下Cosmos、Omniverse平台覆盖机器人训练、工程气象等领域。国内 物理AI仍处于初步发展阶段,CAE厂商正探索其在国防、具身智能等领域的应用。基于AI融合的CAE 等工业设计类软件,部分国产厂商已实现在具身智能、国防、低空经济等领域的场景探索,有望在物理 AI产业发展浪潮中充分受益。物理AI解决方案将持续完善,为客户提供高精确度、高效率、低成本的 应用效益,正如英伟达CEO黄仁勋公开表述,物理AI将成为人工智能的下个浪潮。 ...
中信建投:新车周期叠加购置税减半政策,beta在即
Xin Lang Cai Jing· 2025-08-08 00:08
Group 1 - The recent issuance of the third batch of "trade-in for new" national subsidies is expected to improve consumer sentiment in the passenger vehicle sector [1] - From 2026 to 2027, the exemption of purchase tax for new energy vehicles will be adjusted from full exemption to a 50% reduction, decreasing the maximum tax exemption from 30,000 yuan to 15,000 yuan [1] - The reduction in purchase tax exemptions is anticipated to lead to an upward beta, benefiting brands in the 300,000 yuan price range as the product cycle shifts from weak to strong [1] Group 2 - The imminent implementation of L2 autonomous driving national standards is expected to further strengthen industry trends [1] - The recovery of domestic demand for commercial vehicles and the increase in overseas exports (excluding Russia) have led to leading companies exceeding performance expectations in the first half of the year [1] - The stable low valuation attributes of these leading companies continue to attract defensive capital [1]
中信建投:物理AI有望全面赋能制造、科研等领域智能化升级
Core Insights - Physical AI integrates AI large models, physical engines, and multidisciplinary simulations to achieve high-precision dynamic modeling and optimization of the real world, empowering traditional industries [1] - Overseas, Physical AI has been applied in fields such as embodied intelligence, with platforms like Nvidia's Cosmos and Omniverse achieving full industry coverage [1] - In China, Physical AI is still in its early development stage, with CAE vendors exploring applications in defense, embodied intelligence, and low-altitude economy [1] - Overall, Physical AI is seen as the next direction in AI technology evolution, with potential applications expanding across manufacturing and research sectors as computational power and models incorporating physical laws improve [1]
中信建投:新车周期叠加购置税减半政策 新能源车beta上行在即
Zhi Tong Cai Jing· 2025-08-07 23:53
Group 1: Automotive Sector - The recent issuance of the third batch of "old-for-new" national subsidies is expected to improve consumer sentiment in the passenger vehicle sector [1][2] - From 2026 to 2027, the exemption of purchase tax for new energy vehicles will be adjusted from a full exemption of 30,000 yuan to a half exemption of 15,000 yuan, indicating a reduction in tax incentives [1][2] - The adjustment in purchase tax is anticipated to lead to an upward beta, benefiting brands in the 300,000 yuan price range as the product cycle shifts from weak to strong [1][2] - The L2 autonomous driving national standard is expected to be implemented soon, further strengthening industry trends amid concentrated catalysts [1][2] - The recovery of domestic demand in commercial vehicles and the rising export sentiment outside of Russia have led to strong performance from leading companies in the first half of the year, making them attractive to defensive funds due to their stable low valuation [1][2] Group 2: Intelligent Driving Sector - The L4 autonomous driving industry is approaching a turning point in terms of costs and technology, with ongoing evolution in technology iterations, industry structure, and new business models [2] - The upcoming release of the L2 strong standard consultation draft signifies national endorsement, making intelligence a quantifiable brand strength [2] - Focus is recommended on the intelligent testing segment and the L3-L4 autonomous driving operation sector [2] Group 3: Robotics Sector - The robotics sector has shown significant strength since mid-July, although recent weeks have seen some volatility and differentiation among individual stocks [3] - The sector remains in a strong event-driven and industry trend reinforcement phase, with high market attention due to events like the WAIC conference and the upcoming WRC [3] - Quality stocks with alpha potential, particularly those entering the Tesla supply chain or representing technological iteration directions, are recommended for fund allocation [3] Group 4: Bus and Heavy Truck Sector - The Q2 performance surge in the bus and heavy truck sectors is primarily driven by increased exports of heavy trucks and large/mid-sized buses [3] - With domestic subsidies accelerating since May, the fundamentals of these two core sectors remain strong, and growth rates are expected to rise further in Q3 due to a low base [3] - Core stocks in these sectors are currently in an important allocation window [3]
中信建投:固态电池产业化拐点已至,把握设备行业投资机会
Xin Lang Cai Jing· 2025-08-07 23:32
中信建投研报指出,固态电池作为下一代高性能电池技术,凭借高能量密度、高安全性等显著优势,受 到市场高度关注。当前,固态电池行业在政策支持、技术进步、下游需求等因素共同推动下正迎来产业 化关键期,呈现出市场规模迅速增长、技术路线逐步聚焦和应用场景开始拓展等特点。固态电池设备作 为产业链最重要的上游环节,在固态电池行业大发展过程中必将最先受益。 ...
软通动力: 中信建投证券股份有限公司关于软通动力信息技术(集团)股份有限公司向特定对象发行股票之上市保荐书
Zheng Quan Zhi Xing· 2025-08-07 16:11
Core Viewpoint - The document outlines the underwriting report for the specific stock issuance by iSoftStone Information Technology (Group) Co., Ltd., detailing the company's business operations, financial data, and the specifics of the stock issuance process. Group 1: Company Overview - iSoftStone is a leading full-stack intelligent product and service provider in China, focusing on software and digital technology services, computing products, and digital energy services [4][5]. - The company serves over 2,600 domestic and international clients, including more than 230 Fortune 500 or China 500 companies, and is a core supplier for major ICT leaders and internet giants [5][6]. Group 2: Financial Data - As of March 31, 2025, the total assets of the company amounted to 2,259,326.09 million RMB, with total liabilities of 1,218,033.25 million RMB, resulting in total equity of 1,041,292.84 million RMB [6]. - The company's revenue for the fiscal year 2024 was 3,131,639.03 million RMB, with a net profit of 13,631.59 million RMB [6]. Group 3: Stock Issuance Details - The company plans to issue stocks to specific investors, with a total fundraising amount not exceeding 337,832.03 million RMB [20][22]. - The issuance will be conducted through a private placement to no more than 35 specific investors, including qualified institutional investors [18][19]. Group 4: Use of Proceeds - The net proceeds from the stock issuance will be allocated to various projects, with a total investment amounting to 377,924.01 million RMB, exceeding the expected fundraising amount [22][20]. Group 5: Regulatory Compliance - The stock issuance plan has been approved by the company's board of directors and shareholders, complying with relevant laws and regulations [28][29].
软通动力: 中信建投证券股份有限公司关于软通动力信息技术(集团)股份有限公司向特定对象发行股票之发行保荐书
Zheng Quan Zhi Xing· 2025-08-07 16:11
Core Viewpoint - The document outlines the underwriting and issuance process for iSoftStone Information Technology (Group) Co., Ltd. regarding its stock issuance to specific investors, detailing the roles of the underwriters and the company's compliance with relevant regulations [1][2][3]. Group 1: Issuance Overview - The underwriting representatives for this issuance are Xu Jie and Chen Zehao from CITIC Securities [4]. - The issuance involves a maximum of 285,882,353 shares, which is up to 30% of the total shares before the issuance [10]. - The issuance is categorized as a private placement to specific investors, complying with the regulations set by the China Securities Regulatory Commission (CSRC) and the Shenzhen Stock Exchange [26][27]. Group 2: Company Background - iSoftStone was established on November 4, 2005, and was listed on March 15, 2022, on the Shenzhen Stock Exchange under the stock code 301236 [9]. - The registered capital of the company is 952,941,177 RMB [9]. - The company specializes in technology services, software development, and information technology consulting, among other areas [9]. Group 3: Financial Data - As of March 31, 2025, the total assets of iSoftStone amounted to 2,259,326.09 million RMB, with total liabilities of 1,218,033.25 million RMB [13]. - The net asset value attributable to shareholders was reported at 1,034,965.46 million RMB [13]. - The company reported a net profit of -22,150.58 million RMB for the first quarter of 2025, indicating a loss compared to previous years [15]. Group 4: Shareholder Structure - Before the issuance, the company had 952,941,177 shares, with 272,625,788 shares subject to restrictions and 680,315,389 shares unrestricted [12]. - The top ten shareholders hold a combined 48.04% of the shares, with the largest shareholder being Changcheng (Tianjin) Equity Investment Fund Management [12][13]. Group 5: Compliance and Internal Review - CITIC Securities conducted thorough due diligence and internal reviews to ensure compliance with the relevant laws and regulations before recommending the issuance [20][25]. - The internal review process included multiple layers of approval, ensuring that the issuance meets all regulatory requirements [18][19].
券商暑期实习热 行业“一哥”提示谨防付费内推骗局
Bei Jing Shang Bao· 2025-08-07 15:39
Group 1 - Multiple securities firms, including CITIC Securities, CITIC Construction Investment Securities, and First Capital Securities, have initiated summer internship recruitment for 2025 [1][2][3] - The recruitment process for CITIC Securities started in June, with resume screening from early July to early August, online assessments and interviews from early July to mid-August, and internships taking place from mid-July to September [3] - First Capital Securities emphasizes that outstanding candidates may secure early offers for the 2026 recruitment cycle [3] Group 2 - There are reports of fraudulent activities where individuals pose as paid internship referral or interview coaching services, leading to financial losses for job seekers [1][2] - Legal experts indicate that these fraudulent agencies often lack genuine connections with securities firms and may mislead job seekers into purchasing expensive services [2] - Securities firms are advised to publicly clarify their stance on these fraudulent activities and to conduct internal investigations if any employees are involved [4]