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：地产江湖 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：地产江湖 中信建投投行部门前债券承销部总监房蓓蓓因在路劲境内债发行及后续出货过程中收取返费，被判处有 期徒刑10年6个月。 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：宋雅芳 中信建投投行部门前债券承销部总监房蓓蓓因在路劲境内债发行及后续出货过程中收取返费，被判处有 期徒刑10年6个月。 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：宋雅芳 ...

Core Insights - 2025 is designated as the "International Year of Quantum Science and Technology," marking a pivotal year for the transition of quantum technology from theoretical research to industrial application. Major countries are intensifying their quantum strategic layouts, with China's "14th Five-Year Plan" prioritizing quantum technology as a key future industry, establishing it as a new arena for global competition [1][3][18]. Industry Overview - Quantum computing, regarded as the crown jewel of quantum technology, possesses the highest technical barriers, the strongest disruptive potential, and the greatest growth prospects. It is expected to redefine the boundaries of classical computing through exponential computing power breakthroughs, serving as a critical engine for the next technological revolution [1][3][18]. - The quantum computing industry is entering a high-growth phase, with the global market projected to exceed $800 billion by 2035. The downstream sector is still in its early development stage but holds significant growth potential [1][11][29]. Technological Landscape - The current era of quantum computing is characterized as the noisy intermediate-scale quantum (NISQ) era, with mainstream technological paths such as superconducting, ion trap, photonic, and neutral atom technologies advancing simultaneously without convergence. The upstream of the industry chain, which includes quantum chips and measurement control systems, is a key development focus [1][4][22]. - The midstream encompasses quantum computers and software algorithms, where high costs and algorithm complexity may lead cloud platforms to become critical for accelerating penetration into downstream applications [4][22]. Market Potential - According to Photon Box Research Institute, the quantum computing industry is expected to enter a high compound growth phase, with the global market size projected to grow from approximately $5 billion in 2024 to around $800 billion by 2035, capturing nearly 90% of the quantum technology market share. The upstream sector is relatively mature and shows significant growth, while the downstream sector is in its infancy with substantial growth potential [11][29].

中信建投投行部门前债承销部总监房蓓蓓因在路劲境内债发行及后续"出货"过程中收取返费，被黑龙江 齐齐哈尔市龙沙区法院一审认定构成受贿罪、涉案金额逾540万元并判处有期徒刑10年6个月。（财新） ...

中信建投12月23日大宗交易平台出现一笔成交，成交量591.00万股，成交金额1.58亿元，大宗交易成交 价为26.67元。该笔交易的买方营业部为中信证券股份有限公司北京中关村大街证券营业部，卖方营业 部为中信证券股份有限公司北京中关村大街证券营业部。 进一步统计，近3个月内该股累计发生5笔大宗交易，合计成交金额为9.59亿元。 证券时报·数据宝统计显示，中信建投今日收盘价为26.67元，下跌1.33%，日换手率为0.30%，成交额为 5.18亿元，全天主力资金净流出1.33亿元，近5日该股累计下跌0.60%，近5日资金合计净流出1.99亿元。 两融数据显示，该股最新融资余额为21.88亿元，近5日增加2.96亿元，增幅为15.67%。 12月23日中信建投大宗交易一览 | 成交量 | 成交金额 | 成交价 | 相对当日收盘 | 买方营业部 | 卖方营业部 | | --- | --- | --- | --- | --- | --- | | （万 | （万元） | 格 | 折溢价（%） | | | | 股） | | （元） | | | | | 591.00 | 15761.97 | 26.67 | 0.00 | ...

Core Viewpoint - The company, Guangdong Boying Special Welding Technology Co., Ltd., is focused on special equipment manufacturing, particularly in anti-corrosion and anti-wear welding equipment, with significant growth potential in various industrial sectors [2][9]. Group 1: Company Overview and Competitive Advantages - The company specializes in special equipment manufacturing, extending into industrial equipment, high-end structural components, and large equipment manufacturing [2]. - Key competitive advantages include deep technical barriers, experienced management, significant first-mover advantages, and high-quality customer resources [2]. - The company holds various certifications, including the national special equipment production license and international certifications such as ASME and EN [2]. Group 2: Market Opportunities - The company identifies strong market demand in waste incineration, coal-fired power generation, and chemical industries as growth drivers [2]. - The company is strategically positioning itself in the HRSG (Heat Recovery Steam Generator) and oil and gas composite pipe markets, with HRSG already having scalable production capacity [2]. Group 3: Global Expansion - The company has established three production bases domestically and internationally, with its Vietnam factory now operational and ongoing expansion in the Middle East oil and gas pipeline market [3]. Group 4: Technology and Applications - The company elaborated on its welding technologies, including MIG, TIG, and laser welding, highlighting their specific applications and advantages in various industrial contexts [4]. - Innovations such as digital pulse MIG high-frequency oscillation welding technology have positioned the company as a leader in welding quality [4]. Group 5: Oil and Gas Pipeline Market - The global oil and gas pipeline market is experiencing structural growth driven by increased natural gas demand, energy construction projects due to geopolitical conflicts, and the need for upgrading aging pipelines in Europe and the U.S. [5]. - The company plans to adopt a market-driven production strategy, ensuring stable commercial relationships with clients [5]. Group 6: HRSG Business Insights - The HRSG product production cycle is approximately six months, with a focus on components that have high value within the overall heat recovery boiler system [6]. - The company has established a competitive edge by covering major North American gas turbine suppliers and possessing extensive overseas experience [6]. Group 7: U.S. HRSG Demand Analysis - The U.S. HRSG market is currently in a growth phase, driven by structural increases in electricity demand from sectors like AI data centers and electric vehicle charging stations [8]. - The company's HRSG products align with the U.S. carbon neutrality goals, enhancing gas turbine efficiency and supporting the transition to cleaner energy [8]. Group 8: Summary and Outlook - As a globally recognized manufacturer of energy special equipment, the company is well-positioned for long-term growth due to its technological barriers, brand advantages, and scalable manufacturing capabilities [9]. - The advancement of HRSG and oil and gas composite pipe businesses is expected to further enhance growth potential and support sustained performance [9].

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！ 12月23日，中信建投收跌1.33%，收盘价为26.67元，发生1笔大宗交易，合计成交量591万股，成交金额 1.58亿元。 第1笔成交价格为26.67元，成交591.00万股，成交金额15,761.97万元，溢价率为0.00%，买方营业部为 中信证券股份有限公司北京中关村大街证券营业部，卖方营业部为中信证券股份有限公司北京中关村大 街证券营业部。 进一步统计，近3个月内该股累计发生5笔大宗交易，合计成交金额为9.59亿元。该股近5个交易日累计 下跌0.60%，主力资金合计净流出2.34亿元。 责任编辑：小浪快报 ...

12月23日，中信建投大宗交易成交591万股，成交额1.58亿元，占当日总成交额的23.34%，成交价26.67 元，较市场收盘价26.67元持平。 | 交易日期 | 证券简称 | 证券代码 | 成交价(元) 成交金额(万元) 成交量(*) 买入营业部 | | | 卖出营业部 | 是否为专场 | | --- | --- | --- | --- | --- | --- | --- | --- | | 025-12-23 | 中信建投 | 601066 | Callery College 26.67 | 15761.97 | 盐湖景等第有哭 | 貓影響驚 | หล | ...

Core Viewpoint - Citic Construction Investment Fund Management Co., Ltd. has decided to launch fund conversion services for certain funds through Agricultural Bank of China to meet the investment needs of investors [1]. Group 1: Applicable Fund Range - The fund conversion service will be available for specific funds managed by Citic Construction Investment [2]. Group 2: Applicable Investor Range and Processing Locations - The conversion service is limited to investors who process transactions through Agricultural Bank of China [2]. Group 3: Opening Time - The fund conversion service will be available starting from December 23, 2025, and the processing time will align with the fund subscription and redemption times [3]. Group 4: Fund Conversion Business Rules - Fund conversion allows holders to convert part or all of their shares from one fund to another managed by the same fund management company [4]. - Conversions must occur within the same sales institution, and both funds must be registered with the same registration agency [4]. - Applications for fund conversion are processed based on the net asset value of the funds on the day of application [4]. - The conversion process follows a "first in, first out" principle regarding the holding period of the shares [5]. Group 5: Fund Conversion Fees and Calculation - Fund conversion fees consist of the difference in subscription fees and redemption fees of the funds involved [7]. - The calculation of conversion fees is based on the net asset value of the funds on the day of conversion [7]. Group 6: Situations for Suspending Fund Conversion - Fund conversion may be suspended due to force majeure, abnormal trading halts, significant redemptions, or other circumstances deemed detrimental to existing fund holders [8][9][10][11]. Group 7: Special Notes - Any restrictions on large subscriptions for a fund will also apply to the fund conversion services mentioned [13].

Core Viewpoint - The market is experiencing a bullish trend driven by structural market conditions and capital market reform policies, with expectations for a new wave of market activity as adjustments have largely completed and institutional rankings have settled [1]. Group 1: Market Performance - The "A series" broad-based indices opened lower but continued to rise, with the CSI A500 index up by 0.5%, the CSI A100 index up by 0.7%, and the CSI A50 index also up by 0.7% at midday [1]. - The A500 ETF managed by E Fund (159361) recorded a trading volume of nearly 6.5 billion yuan, with over 1 billion shares net subscribed [1]. - Over the past five trading days, the A500 ETF has attracted approximately 5 billion yuan in net inflows [1]. Group 2: Index Details - The CSI A500 index consists of 500 securities with large market capitalizations and good liquidity, covering 89 out of 93 sub-industries [3]. - The CSI A100 index includes 100 representative securities with large market capitalizations and good liquidity, covering 46 sub-industries, reflecting the overall performance of core leading companies [3]. - The CSI A50 index is composed of the 50 largest stocks by market capitalization across various industries, with a balanced distribution across 50 sub-industries, highlighting a large-cap style [3].

Core Viewpoint - The central financial work conference during the "14th Five-Year Plan" period emphasizes the goal of accelerating the construction of a financial power, aiming to create a capital market that is "safe, standardized, transparent, open, vibrant, and resilient" to promote high-quality financial development in the new era [1] Group 1: Company Development and Strategy - The company is committed to implementing the spirit of the 20th National Congress of the Communist Party and the series of important instructions from General Secretary Xi Jinping regarding financial work, focusing on a path of financial development with Chinese characteristics [1][2] - The number of party branches within the company increased from 4 to 21 during the "14th Five-Year Plan," with the proportion of party members rising from 12% to 20%, enhancing the grassroots party organization's role [2] - The company has been recognized for its strong leadership and core competitiveness, with continuous improvement in various operational indicators [2] Group 2: Focus on Core Business - The company focuses on its main responsibilities, utilizing the futures market for price discovery, risk management, and resource allocation to support the stable development of real enterprises [3] - In serving technology finance, the company has expanded its services to national-level specialized and innovative enterprises, providing comprehensive solutions such as hedging and consulting [3] - The company has established a significant advantage in green finance, contributing to the industrial chains of industrial silicon, lithium carbonate, and polysilicon, while also participating in the preparation for the listing of electricity and carbon emission rights [3] Group 3: Social Responsibility and Financial Inclusion - The company has successfully conducted 445 "insurance + futures" projects, benefiting nearly 250,000 farmers with compensation exceeding 200 million yuan [4] - It has established a public welfare futures trader education base in Chongqing, producing over 4,000 original educational materials and reaching more than 750,000 people since its operation began in October 2021 [4] - The company is enhancing its professional service capabilities in pension finance and has introduced age-friendly services to protect investor rights [4] Group 4: Regional Development - The company has been deeply involved in the "智融惠畅" project in Chongqing, assisting in the establishment of the first log futures delivery warehouse and enhancing regional resource allocation capabilities [5][6] - It provides risk management services to traditional and emerging industries in Chongqing, contributing to the growth of the "33618" modern manufacturing cluster [6] Group 5: Collaborative Development - The company is strengthening internal and external collaboration to enhance customer service quality, building a comprehensive business advantage through a nationwide collaborative network [7] - It integrates services with various stakeholders, including government, exchanges, and educational institutions, to expand its service ecosystem and enhance brand image [7] Group 6: Risk Management - The implementation of the futures and derivatives law during the "14th Five-Year Plan" is crucial for the industry to serve the real economy and mitigate financial risks [8] - The company is enhancing its risk prevention and compliance management systems, focusing on early detection and resolution of risks [8] Group 7: Future Outlook - As the "15th Five-Year Plan" begins, the company aims to continue its commitment to serving the real economy, focusing on financial innovation and risk management to support national strategic goals [9]