Core Insights - In the 2025 Sina Finance Golden Unicorn Best Analyst Awards, Guotai Junan Securities Research Institute won a total of 29 awards, ranking as the "Best Research Institution" and "Most Honorable Research Institution" in the top three [1] - Seventeen research teams received the "Best Analyst" award, with the Food & Beverage and Non-Bank Financial sectors ranking first [1] - Eight research teams were awarded the "Elite Analyst" title, with Macroeconomics, Computer Science, and Military Industry sectors also ranking first [1] Awards Summary - **Best Research Institution**: Guotai Junan Securities ranked first in "Best Research Institution" and third in "Most Honorable Research Institution" [4] - **Best Analysts**: - **1st Place**: Food & Beverage, Non-Bank Financial [5] - **3rd Place**: Innovative Drugs, Medical Devices, Retail and Social Services [5] - **4th Place**: Construction and Building Materials, Environmental Protection [5] - **5th Place**: Communication, Robotics and High-End Manufacturing [5] - **6th Place**: Real Estate, New Metal Materials, Home Appliances, Transportation and Logistics, Light Industry and Textile [5] - **7th Place**: Media [5] - **8th Place**: Oil and Chemical [5] - **Elite Analysts**: - **1st Place**: Macroeconomics [6] - **1st Place**: Computer Science [6] - **1st Place**: Military Industry [6] - **2nd Place**: Agriculture, Forestry, Animal Husbandry, and Fishery [6] - **4th Place**: Strategy, Fixed Income [6] - **5th Place**: Electronics, Automotive and Parts [6]

Core Insights - The annual strategy meetings of leading brokerage firms are focusing on the theme of "new," reflecting their interpretations of industry opportunities and potential market shifts [2][3]. Group 1: Themes of Strategy Meetings - Leading brokerages have adopted various themes for their strategy meetings, with a common emphasis on "new": - CICC focuses on "Resilience and Reconstruction" - Huatai emphasizes "Certainty in Order Reconstruction" - CITIC Securities and CITIC Jiantou center on "Opening New Chapters" [3][4]. - The themes for the annual strategy meetings include: - CICC: "Seizing Opportunities, Seeking New" - CITIC Securities: "Striving for a New Journey" - CITIC Jiantou: "Reforming and Innovating for Future Success" - Huatai: "Riding the New Chapter" - Guotai Junan: "Setting Sail on a New Journey" [4]. Group 2: Macro Trends and Market Changes - The concept of "new" is reflected in macroeconomic planning, with CICC's general manager highlighting the strategic design for China's economic development over the next five years, which will influence the capital market's mission [5]. - Guotai Junan's president noted that China's economy is becoming a significant driver of global growth, with new capital market reforms expected to enhance the market's attractiveness and competitiveness [5]. Group 3: A-share Market Insights - Chief strategists from leading brokerages continue to express optimism about the A-share market, noting a shift in the overall market direction and favored sectors [6]. - CICC's chief strategist anticipates a bull market for A-shares starting in Q4 2025, driven by synchronized economic and policy cycles among major economies [6][7]. - Guotai Junan's chief strategist has adjusted the focus on favored sectors, maintaining a bullish outlook on emerging technology and financial stocks while introducing "manufacturing expansion and globalization" as a new investment direction [8]. Group 4: Changes in Analyst Teams - There have been notable changes in the chief analyst lineup among brokerages, particularly at Guotai Junan, where several analysts have left the firm [9][10]. - The absence of previously prominent analysts at the annual strategy meeting indicates a shift in research team dynamics and reflects the evolving demands of the market [10].

Core Insights - The 2025 Analyst Conference and the 7th Sina Finance "Golden Unicorn" Best Analyst Award Ceremony took place on November 28, gathering over 300 authoritative scholars, public and private fund leaders, listed company chairpersons, top fund managers, and chief analysts in Shanghai to discuss future opportunities in the Chinese capital market [1] Group 1: Event Overview - The event highlighted the future opportunities in the Chinese capital market [1] - The results of the 7th Sina Finance Golden Unicorn Outstanding Research Institution evaluation were announced [1] Group 2: Award Results - The top ten best research institutions were recognized, with Changjiang Securities taking first place, followed by GF Securities and Guotai Junan Securities in second and third respectively [1] - The complete ranking of the top ten institutions is as follows: 1. Changjiang Securities 2. GF Securities 3. Guotai Junan Securities 4. Industrial Securities 5. Tianfeng Securities 6. Shenwan Hongyuan Securities 7. Zheshang Securities 8. CITIC Securities 9. Guosheng Securities 10. Guoxin Securities [1]

Group 1 - The 2025 Analyst Conference and the 7th Sina Finance "Golden Unicorn" Best Analyst Awards Ceremony took place on November 28, gathering over 300 authoritative scholars, public and private fund leaders, listed company chairpersons, top fund managers, and chief analysts in Shanghai to discuss future opportunities in the Chinese capital market [1] - The results of the 7th Sina Finance Golden Unicorn Best Analyst selection were announced [2] Group 2 - The top analysts in the retail and social services sector were recognized, with the first place awarded to the Changjiang Securities Research Team led by Chief Analyst Zhao Gang, followed by the Guangfa Securities Research Team and the Guotai Haitong Securities Research Team in second and third places respectively [3] - The awards highlighted the contributions of various research teams, including those from Industrial Securities, Dongwu Securities, Zheshang Securities, and Tianfeng Securities, showcasing a diverse range of expertise in the industry [3]

专题：2025分析师大会：资本市场"奥斯卡"启幕 11月28日，2025分析师大会暨第七届新浪财经"金麒麟"最佳分析师颁奖盛典隆重召开。逾300名权威学 者、公私募掌舵人、上市公司董事长、顶级基金经理、首席分析师齐聚上海，共同探讨中国资本市场的 未来机遇。同时，第七届新浪财经金麒麟优秀研究机构评选结果隆重揭晓。 第一名 申万宏源证券 第二名 长江证券 第三名 国泰海通证券 第四名 天风证券 第五名 广发证券 第六名 国信证券 第七名 兴业证券 第八名 中信建投证券 第九名 浙商证券 第十名 国联民生证券 责任编辑：凌辰 第七届新浪财经金麒麟最具荣耀研究机构荣誉榜如下： ...

Group 1 - The 2025 Analyst Conference and the 7th Sina Finance "Golden Unicorn" Best Analyst Awards Ceremony took place on November 28, gathering over 300 authoritative scholars, public and private fund leaders, listed company chairpersons, top fund managers, and chief analysts in Shanghai to discuss future opportunities in the Chinese capital market [1] - The results of the 7th Sina Finance Golden Unicorn Best Analyst selection were announced [2] Group 2 - The top analysts in the food and beverage industry for the 7th Sina Finance Golden Unicorn Awards are as follows: 1. First place: Guotai Junan Securities Research Team, led by Chief Analyst Zi Meng and Co-Chief Analyst Yan Huijing, with team members including Xu Yang, Yao Shijia, and others 2. Second place: GF Securities Research Team, led by Chief Analyst Fu Rong, with team members including Hao Yuxin, Wu Siying, and others 3. Third place: Changjiang Securities Research Team, led by Chief Analyst Dong Siyuan, with team members including Xu Shuang, Fan Chenhao, and others 4. Fourth place: Huachuang Securities Research Team, led by Chief Analyst Ouyang Yu, with team members including Fan Zipan, Tian Chenxi, and others 5. Fifth place: Zheshang Securities Research Team, led by Chief Analyst Yang Ji, with team members including Sun Tianyi, Du Wanze, and others 6. Sixth place: Huaxi Securities Research Team, led by Chief Analyst Kou Xing, with team members including Lu Zhouwei, Wu Yue, and others 7. Seventh place: Dongwu Securities Research Team, led by Chief Analyst Su Cheng, with team members including Guo Xiaodong, Li Yinqi, and others 8. Eighth place: Shenwan Hongyuan Securities Research Team, led by Chief Analyst Lv Chang, with team members including Zhou Yuan 9. Ninth place: Tianfeng Securities Research Team, led by Chief Analyst Zhang Xiaoqian and Co-Chief Analyst Chen Xiao, with team members including Tang Jiaquan, Li Benyuan, and others [3]

Core Insights - The 2025 Analyst Conference and the 7th Sina Finance "Golden Unicorn" Best Analyst Awards Ceremony took place on November 28, gathering over 300 authoritative scholars, public and private fund leaders, listed company chairpersons, top fund managers, and chief analysts in Shanghai to discuss future opportunities in the Chinese capital market [1] Group 1: Event Overview - The event highlighted the significance of the capital market, often referred to as the "Oscars" of the capital market [1] - The conference served as a platform for industry leaders to explore future investment opportunities and trends in the Chinese market [1] Group 2: Award Results - The winners of the 7th Sina Finance Golden Unicorn Best Analyst Awards in the environmental protection sector were announced, with the top three teams being: - First place: Guotai Junan Securities Research Team, led by Chief Analyst Guo Peng [2] - Second place: Dongwu Securities Research Team, led by Chief Analyst Yuan Li [2] - Third place: Changjiang Securities Research Team, led by Chief Analyst Xu Ke [2] - Additional recognition was given to the fourth place, which was the Guotai Haitong Securities Research Team, led by Chief Analyst Xu Qiang [2]

Group 1 - The 2025 Analyst Conference and the 7th Sina Finance "Golden Unicorn" Best Analyst Award Ceremony took place on November 28, gathering over 300 authoritative scholars, public and private fund leaders, listed company chairpersons, top fund managers, and chief analysts in Shanghai to discuss future opportunities in the Chinese capital market [1]. - The results of the 7th Sina Finance Golden Unicorn Elite Analyst selection were announced [2]. Group 2 - The top five teams in the computer industry "Elite Analyst" category of the 7th Sina Finance Golden Unicorn are as follows: 1. Guotai Junan Securities Research Team (Chief Analyst: Yang Lin; Team Members: Yang Meng, Wei Zong) 2. Minsheng Securities Research Team (Chief Analyst: Lü Wei; Team Members: Yang Litian, Guo Xinyu, Ding Chenhui, Zhao Yihua) 3. Dongwu Securities Research Team (Chief Analyst: Wang Zijing; Team Members: Li Kangqiao, Dai Chen, Wang Shijie, Zhang Wenjia) 4. Huachuang Securities Research Team (Chief Analyst: Wu Mingyuan; Team Members: Hu Xin'an, Zhu Xiaoqian) 5. CITIC Construction Investment Securities Research Team (Chief Analyst: Ying Ying; Team Members: Wang Jiahao, Zhang Min) [3].

Core Insights - The 2025 Analyst Conference and the 7th Sina Finance "Golden Unicorn" Best Analyst Awards were held on November 28, gathering over 300 authoritative scholars, public and private fund leaders, listed company chairpersons, top fund managers, and chief analysts in Shanghai to discuss future opportunities in the Chinese capital market [1]. Group 1: Event Overview - The event marked the commencement of discussions on the future opportunities in the Chinese capital market [1]. - The awards ceremony recognized outstanding analysts in various sectors, highlighting the importance of research in investment decision-making [2]. Group 2: Best Analysts in Real Estate Sector - The first place in the Best Analyst award for the Real Estate sector was awarded to the research team from Guangfa Securities, led by Chief Analyst Guo Zhen [3]. - The second place was awarded to the research team from Changjiang Securities, led by Chief Analyst Liu Yi [3]. - The third place went to the research team from China Merchants Securities, led by Chief Analyst Zhao Ke [3]. - Other notable mentions include teams from Shenwan Hongyuan Securities, Industrial Securities, Guotai Junan Securities, and CITIC Construction Investment, showcasing a competitive landscape in the analyst community [3].

Group 1 - The 2025 Analyst Conference and the 7th Sina Finance "Golden Unicorn" Best Analyst Awards Ceremony took place on November 28, gathering over 300 authoritative scholars, public and private fund leaders, listed company chairpersons, top fund managers, and chief analysts in Shanghai to discuss future opportunities in the Chinese capital market [1] - The results of the 7th Sina Finance Golden Unicorn Best Analyst selection were announced [2] Group 2 - The top analysts in the telecommunications industry according to the 7th Sina Finance Golden Unicorn Awards are as follows: 1. First place: Guosheng Securities Research Team (Chief Analyst: Song Jiajie; Co-Chief: Huang Han; Team members: Huang Han, Zhao Piye, Shao Shuai, Shi Yujie, Sun Shuang, Ren Heyi) 2. Second place: Changjiang Securities Research Team (Chief Analyst: Yu Haining; Team members: Huang Tianyou, Zu Shengteng, Wen Xiaoting, Liu Zelong) 3. Third place: GF Securities Research Team (Chief Analyst: Han Dong; Team members: Li Jingfei, Rong Zhiqiang, Wang Hao) 4. Fourth place: Tianfeng Securities Research Team (Chief Analyst: Wang Yihong; Co-Chief: Tang Haiqing; Team members: Kang Zhiyi, Yu Fangqin, Yuan Hao, Chen Huifeng, Zhang Jianyu) 5. Fifth place: Guotai Haitong Securities Research Team (Chief Analyst: Yu Weimin; Co-Chief: Wang Yanlong; Team members: Yang Tongxin, Li Mingcong, Yu Yiming, Zhao Wentong, Xia Fan) 6. Sixth place: CITIC Construction Investment Securities Research Team (Chief Analyst: Yan Guicheng; Team members: Yang Weisong, Liu Yongxu, Yu Fangbo, Wang Jie, Cao Tianyu, Fang Zixiao, Zhu Yuanzhe) [3]