根据中国证监会《证券发行上市保荐业务管理办法》和《上海证券交易所上市公司自律监管指引第11号 ——持续督导》等有关法律法规的要求， 中信建投 证券股份有限公司（以下简称"中信建投""保荐 人"）作为合肥常青 机械 股份有限公司（以下简称" 常青股份 "或"公司"）向特定对象发行股票项目的 保荐人，于2026年2月2日至2月4日对常青股份2025年度有关情况进行了现场检查。 一、本次现场检查的基本情况 中信建投针对常青股份的实际情况制订了现场检查工作计划。为顺利实施本次现场工作，提高现场工作 效率，切实履行持续督导工作，中信建投提前将现场检查事宜通知常青股份，并要求公司提前准备现场 检查工作所需的相关文件和资料。 2026年2月2日至2月4日，中信建投保荐代表人根据事先制订的现场检查工作计划，采取与相关负责人员 沟通及询问、查阅公司部分原始凭证、募集资金台账及专户对账单、三会文件、公告文件等相关资料等 形式，对包括公司治理和内部控制情况、三会运作情况、募集资金使用情况、关联交易以及经营状况在 内的事项进行现场检查，并在前述工作的基础上完成本次现场检查报告。 二、对现场检查事项逐项发表的意见 （一）公司治理和内部 ...

公告送出日期:2026年02月10日 1 公告基本信息 ■ 注：本公告就中信建投景荣债券型证券投资基金A类基金份额（基金代码：017473）、C类基金份额 （基金代码：017474）的大额申购（含大额定期定额投资）业务进行限制，即自2026年2月12日起单日 每个基金账户单笔或累计申购（含定期定额投资）中信建投景荣债券A或中信建投景荣债券C的金额均 不应超过1万元。单日每个基金账户单笔或累计申购（含定期定额投资）中信建投景荣债券A或中信建 投景荣债券C的金额超过1万元（不含），基金管理人有权全部或部分拒绝。自2026年2月24日起，该基 金将恢复办理正常大额申购（含大额定期定额投资）业务，届时将不再另行公告。 2 其他需要提示的事项 如有疑问，请拨打基金管理人客户服务电话（4009-108-108）或登录基金管理人公司网站 （www.cfund108.com）获取相关信息。 特此公告。 中信建投基金管理有限公司 2026年02月10日 中信建投景和中短债债券型证券投资基金暂停大额申购（含大额定期定额投资）、大额转换转入公告 公告送出日期:2026年02月10日 1 公告基本信息 特此公告。 中信建投基金管理有 ...

Core Viewpoint - The onsite inspection conducted by CITIC Securities on Changqing Machinery Co., Ltd. confirmed that the company operates in compliance with relevant regulations and maintains good governance, internal controls, and financial practices [1][15]. Group 1: Onsite Inspection Overview - CITIC Securities developed a work plan for the onsite inspection of Changqing Machinery, which took place from February 2 to February 4, 2026, focusing on governance, internal controls, fundraising, and operational status [2]. - The inspection involved communication with responsible personnel, reviewing original documents, and analyzing various company records [2]. Group 2: Company Governance and Internal Controls - The inspection revealed that Changqing Machinery's governance structure is complete and compliant, with effective internal controls and execution [4]. - Following the implementation of the new Company Law, the company revised its governance system in August 2025, eliminating the supervisory board and transferring its functions to the audit committee [3][4]. Group 3: Information Disclosure - The inspection confirmed that the company's disclosed announcements align with actual circumstances, and there are no undisclosed matters or discrepancies [5]. Group 4: Independence and Related Party Transactions - Changqing Machinery has established systems to prevent fund occupation by controlling shareholders and related parties, with no violations found during the inspection [7]. Group 5: Fundraising and Usage - The inspection found that the management of fundraising complies with regulations, and there are no instances of fund occupation by controlling shareholders [8]. Group 6: Related Transactions and Investments - The company has adhered to regulations regarding related transactions, external guarantees, and significant investments, with no major violations identified [9]. Group 7: Operational Status - The company’s operational model remains stable, although it anticipates a loss for 2025 due to credit impairment losses and initial costs associated with new business ventures [10]. - The decline in performance is attributed to the bankruptcy restructuring of a key partner and increased operational costs from expanding the management and marketing teams [10]. Group 8: Compliance and Recommendations - The company has complied with commitments made and has not violated any agreements during the inspection period [12]. - Recommendations include continuing strict adherence to information disclosure requirements and ensuring timely updates on fundraising and project statuses [13]. Group 9: Reporting Obligations - No issues were found that necessitate reporting to the China Securities Regulatory Commission or the Shanghai Stock Exchange [14]. Group 10: Cooperation with Intermediaries - The company provided active cooperation during the inspection, facilitating the process without the involvement of other intermediaries [15].

Group 1 - The announcement states that CITIC Securities Co., Ltd. will provide primary market-making services for the Guotai Securities Shanghai Stock Exchange Science and Technology Innovation Board 200 Exchange-Traded Open-Ended Index Securities Investment Fund (referred to as 科200GT, fund code: 589220) starting from February 10, 2026 [1] - The decision aims to enhance the market liquidity and stable operation of the 科200GT fund [1] - The announcement is in accordance with the relevant regulations outlined in the Shanghai Stock Exchange's self-regulatory guidelines for fund market-making services [1]

炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ 炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ 来源：中信建投证券研究 新浪声明：此消息系转载自新浪合作媒体，新浪网登载此文出于传递更多信息之目的，并不意味着赞同 其观点或证实其描述。文章内容仅供参考，不构成投资建议。投资者据此操作，风险自担。 责任编辑：何俊熹 来源：中信建投证券研究 新浪声明：此消息系转载自新浪合作媒体，新浪网登载此文出于传递更多信息之目的，并不意味着赞同 其观点或证实其描述。文章内容仅供参考，不构成投资建议。投资者据此操作，风险自担。 责任编辑：何俊熹 ...

Group 1: Bubble Mart (泡泡玛特) - Citic Jiantou maintains an "Accumulate" rating for Bubble Mart, highlighting the company's "one strong, multiple strong" IP structure, with Labubu's influence solidified and new IPs like Xingxingren and Crybaby driving high growth [1] Group 2: MGM China (美高梅中国) - Haitong International maintains a "Buy" rating for MGM China, reporting a 21.4% year-on-year increase in total revenue for Q4 2025, with adjusted EBITDA rising 29.5% to HKD 2.75 billion, driven by strong performance from MGM Cotai and precise targeting of high-end customers [2] - CICC also maintains an "Outperform" rating for MGM China, noting adjusted EBITDA of HKD 2.753 billion for Q4 2025, up 29% year-on-year, significantly exceeding market expectations, despite a brand fee increase expected to impact net profit by about 14% [4] - Citic Securities maintains an "Accumulate" rating for MGM China, indicating that the company's performance exceeded expectations, with net income and adjusted EBITDA recovering to pre-pandemic levels, supported by strong performances from MGM Macau and MGM Cotai [7] Group 3: Yum China (百胜中国) - Haitong International maintains a "Buy" rating for Yum China, reporting a 9% year-on-year revenue increase for Q4 2025 and a 24% increase in adjusted net profit, with same-store sales growing for three consecutive quarters and restaurant profit margins improving by 0.7 percentage points to 13.0% [3] Group 4: Innovent Biologics (信达生物) - CICC maintains an "Outperform" rating for Innovent Biologics, projecting product revenue of RMB 11.9 billion for 2025, a 45% year-on-year increase, with seven new products included in the 2026 medical insurance catalog [5] Group 5: Swire Properties (太古地产) - CICC maintains an "Outperform" rating for Swire Properties, noting significant recovery in luxury retail operations in mainland China, with retail sales in Shanghai and Beijing increasing by 49.6% and 11.2% respectively [6] Group 6: Meituan (美团) - Citic Securities maintains a "Buy" rating for Meituan, announcing a plan to acquire Dingdong Maicai for USD 717 million, which is expected to strengthen its East China front warehouse network and bring in HKD 170 million in adjusted net profit post-integration [8] Group 7: Kuaishou (快手) - Citic Jiantou maintains a "Buy" rating for Kuaishou, highlighting the launch of its AI video model 3.0, which supports 15-second generation and intelligent scene segmentation, with commercial growth expected to reach USD 240 million in ARR by 2025 [10] Group 8: Huiju Technology (汇聚科技) - Citic Jiantou maintains a "Buy" rating for Huiju Technology, emphasizing its deep ties with leading CSPs like Google and the benefits from the upgrade of optical modules, projecting a revenue increase of 82.1% year-on-year for H1 2025 [10]

Group 1 - The core viewpoint of the news is that Huichen Co., Ltd. has seen a stock price increase of 5.05%, reaching 61.79 yuan per share, with a total market capitalization of 4.653 billion yuan [1] - Huichen Co., Ltd. was established on November 14, 2008, and went public on July 16, 2020. The company primarily provides business operation analysis and customized industry analysis solutions based on internal and external data, consumer attitudes, and industry data [1] - The main revenue composition of Huichen Co., Ltd. is 83.82% from data products and 16.18% from solutions [1] Group 2 - Citic Securities Investment Fund holds a significant position in Huichen Co., Ltd., with the Citic Securities Zhixin IoT A fund (001809) owning 163,000 shares, accounting for 4.94% of the fund's net value, making it the second-largest holding [2] - The Citic Securities Zhixin IoT A fund was established on August 3, 2016, with a current scale of 118 million yuan. It has achieved a year-to-date return of 12.77% and a one-year return of 8.81% [2] - The fund manager, Zhou Ziguang, has been in position for 8 years and 261 days, with the best fund return during his tenure being 48.27% and the worst being -44.94% [3]

格隆汇2月9日｜中信建投研报指出，2025年证券行业进入新一轮增长周期，但券商股票因缺少独立催 化、前两年悲观情绪的延续等原因而导致超额收益不佳。2025年前三季度上市券商年化ROE已达 7.1%，对应PB估值在8月峰值仅1.60倍、三季度末1.47倍，显著低于历史同ROE水平的估值区间，存在 明显修复空间。2026年政策利好驱动业绩持续增长，板块有望重新定价。当前"服务新质生产力+中长 期资金入市+券商国际化机遇"三大核心利好逻辑尚未被市场充分定价，其驱动的投行、资管、国际业 务等新动能，有望在2026年后逐步兑现至行业基本面，为中长期业绩弹性与韧性提供坚实支撑，无需担 忧增长断层。 ...

Group 1 - The core viewpoint of the article highlights the advancements in AI technologies by companies like Anthropic and OpenAI, showcasing their new products and capabilities [1] - Anthropic has released Claude Opus 4.6, which utilizes Agent Teams and adaptive thinking to enhance integration within the Office ecosystem and manage complex engineering tasks, facilitating deeper penetration of AI in vertical sectors such as finance and law [1] - OpenAI has introduced GPT-5.3-Codex, which not only sets new standards in programming and terminal operations but also demonstrates an internal cycle of AI automated development through edge environment takeover and self-building capabilities [1] Group 2 - In the multimodal field, ByteDance's Seedance 2.0 has entered internal testing, addressing consistency issues in video generation through comprehensive multimodal references and refined lens control [1] - The collaboration between Seedance 2.0, Doubao, and Seedream is expected to form a full multimodal matrix, significantly reducing content production costs and accelerating commercialization [1]

Group 1: Corn Market Analysis - The corn 03 contract closed at 2268 CNY/ton, with a daily decline of 0.04%, indicating limited overall volatility [4][12] - The spot market is entering a pre-holiday winding down phase, with purchasing and sales slowing down; northern port collection volumes are decreasing, and mainstream prices are maintained in the range of 2270-2280 CNY/ton [4][12] - Downstream demand is weak, with deep processing enterprises announcing reduced purchasing notifications, and feed enterprises primarily executing previous contracts [4][12] - The corn market is in a low volatility and weak game phase before the holiday, with prices constrained; the trading focus is shifting towards post-holiday conditions [4][12] Group 2: Soybean Meal Market Insights - There is speculation in the overseas market regarding new U.S. soybean purchases by China, but the outlook for South American production limits the rebound potential [4][12] - Argentina's soybean is facing dry heat stress, potentially leading to production losses, while the market weighs between Brazilian abundance and Argentine reduction narratives [4][12] - The domestic soybean meal market is stabilizing due to external market influences, with a focus on the arrival of March soybeans and reserve auction rhythms post-holiday [4][12] Group 3: Egg Market Overview - The average spot price for eggs in Hebei is approximately 2.88 CNY/jin, reflecting a slight increase of 0.06 CNY/jin from the previous day [5][13] - The 03 contract's price reflects market expectations of high inventory and weak seasonal demand post-holiday, with limited further downside potential [5][13] - There is a cautionary note regarding the risk of further declines in spot prices if inventory pressures exceed expectations or demand recovery is slow [5][13] Group 4: Live Pig Market Situation - The average price for live pigs in major production areas is about 11.82 CNY/kg, facing pressure after a seasonal rebound before the Spring Festival [7][15] - There is significant supply pressure due to concentrated market releases by breeding enterprises, with a planned slaughter volume of 22.92 million heads in February, a decrease of 17.73% from January [7][15] - The futures market has adequately priced in expectations for price declines, with a high basis level reflecting anticipated price corrections [7][15]