纵横股份常务副总经理、董事会秘书李小燕向投资者介绍了公司发展情况。纵横股份自2010年成立以 来，专注于无人机飞控导航系统与整机系统研发，参与了运20、歼20、C919等国家大型飞机的缩比验 证项目，并牵头设立了国内及国际多项行业标准。她指出，纵横股份的无人机产品凭借垂直起降、航时 长、智能化等优势，在测绘地理信息、安防巡检等广泛应用，并逐步拓展至公安、应急、环保、水利等 多个行业。 纵横股份现已形成四大产品线：垂直起降固定翼无人机、多旋翼无人机、无人值守系统和滑跑固定翼无 人机。其中，无人值守系统可实现远程自主航行，在四川即可遥控全国各地的飞机，特别适合政府基层 管理和应急侦查场景。 公司2022年开发的智慧空管系统获得交通运输协会特等奖，与民航二所联合开发的UTMIS系统已成为 国家空管底层版本。截至目前，公司拥有近500项知识产权，其中发明专利100多项，参与制定数十项行 业标准。 近日，在上海证券交易所、四川省证券期货协会指导下，由国泰海通证券投资者教育基地、国泰海通证 券四川分公司主办，成都纵横自动化技术股份有限公司、全景投资者教育上海基地协办的"我是股东"走 进上市公司纵横股份活动在成都顺利举行。 ...

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：五道口的猫 深交所12月5日通报： 责任编辑：杨赐 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：五道口的猫 深交所12月5日通报： 2023年12月8日，本所受理了中节能铁汉生态环境公司发行股份购买资产并募集配套资金申请，原海通 证券股份有限公司（现已更名为国泰海通）为项目独立财务顾问。经查，国泰海通证券在执业过程中对 标的公司提前确认收入事项核查不到位： 2023年12月8日，本所受理了中节能铁汉生态环境公司发行股份购买资产并募集配套资金申请，原海通 证券股份有限公司（现已更名为国泰海通）为项目独立财务顾问。经查，国泰海通证券在执业过程中对 标的公司提前确认收入事项核查不到位： 《中节能铁汉生态环境股份有限公司发行股份及现金购买资产并募集配套资金暨关联交易报告书（草 案）》显示，标的公司中节能大地环境对环境修复项目按履约进度确认收入，履约进度按照各项目实际 累计发生成本占合同预计总成本的比例确定，以供应商签字盖章的工程完成产值确认表为佐证，并以经 客户或监理签字盖章确认的产值（工程量）确认单进 ...

Core Viewpoint - Cathay Securities initiates coverage on Leshushi (02698) with a "Buy" rating, highlighting the company's rapid growth in overseas markets and its position as a leader in the African hygiene products industry, which is expected to continue delivering high performance [1] Group 1: Company Overview - Leshushi is the leading player in the African hygiene products market, with key products including baby diapers, sanitary napkins, baby pull-ups, and wet wipes. In 2024, the revenue share for baby diapers and sanitary napkins is projected to be 75% and 17%, respectively [1] - The company has been operating since 2009 as a division of the Senda Group and is set to officially list on the Hong Kong Stock Exchange on November 10, 2025 [1] Group 2: Market Potential - The African hygiene products market is expected to grow at a CAGR of 7.9% from 2024 to 2029, making it the fastest-growing market globally. The market for baby diapers and sanitary napkins in Africa is highly concentrated, with Leshushi holding a market share of 17.2% and 11.9% by sales value, and leading in sales volume with 20.3% and 15.6% [2] Group 3: Competitive Advantages - Leshushi has a comprehensive brand portfolio covering all price segments, with high brand recognition and repurchase rates in the baby diaper and sanitary napkin categories. The brand awareness for Softcare/Maya/Cuettie in baby products is 89.0% with a repurchase rate of 95.7%, while for Softcare/Veesper/Clincleer in sanitary products, brand awareness is 95.4% with a repurchase rate of 92.0% [3] - The company has established a sales network across over 30 African countries, reaching more than 80% of the local population [3] - Leshushi ranks first in production capacity in both the African baby diaper and sanitary napkin markets, achieving 100% local supply [3] Group 4: Future Outlook - On the revenue side, the demand in emerging markets presents significant growth potential, and as an industry leader, Leshushi is expected to further increase its market share. The company also has room for improvement in production capacity utilization, with funds raised earmarked for capacity expansion [4] - On the profit side, the company's gross margin is projected to improve in 2023 and 2024, with brand upgrades and structural optimization expected to enhance profitability, offsetting potential adverse fluctuations in raw material costs [4]

Core Viewpoint - Cathay Securities initiates coverage on Leshushi (02698) with a "Buy" rating, highlighting the company's rapid growth in overseas markets and its position as an industry leader poised to benefit from growth dividends, alongside expected capacity ramp-up [1] Group 1: Company Overview - Leshushi is the leading player in the African hygiene products market, with key products including baby diapers, sanitary napkins, baby pull-ups, and wet wipes, projected to generate 75% and 17% of revenue from baby diapers and sanitary napkins respectively in 2024 [1] - The company has been operating since 2009 as a division of Senda Group and has established a leading position in Africa through a brand matrix and local production capacity, officially listing on the Hong Kong Stock Exchange on November 10, 2025 [1] Group 2: Market Potential - The African hygiene products market is expected to grow at a CAGR of 7.9% from 2024 to 2029, the highest globally, with a highly concentrated market for baby diapers and sanitary napkins, where Leshushi ranks second in sales value with market shares of 17.2% and 11.9% respectively, and first in sales volume with shares of 20.3% and 15.6% [2] Group 3: Competitive Advantages - Leshushi has a comprehensive brand coverage across various price segments, with high brand recognition and repurchase rates in both baby diapers and sanitary napkins, achieving 89.0% and 95.4% recognition respectively [3] - The company has over 15 years of experience in the African market, with a sales network covering more than 30 countries, reaching over 80% of the local population [3] - Leshushi ranks first in production capacity for both baby diapers and sanitary napkins in Africa, achieving 100% local supply as of 2024 [3] Group 4: Future Outlook - On the revenue side, the demand for hygiene products in emerging markets presents significant growth potential, with Leshushi expected to further increase its market share. The company also has room for improvement in capacity utilization, with funds raised earmarked for capacity expansion [4] - On the profit side, the company's gross margin is projected to improve in 2023 and 2024, with brand upgrades and structural optimization expected to enhance profitability, offsetting potential adverse fluctuations in raw material costs [4]

12月10日至11日召开的中央经济工作会议总结2025年经济工作，分析当前经济形势，部署2026年经济工 作。国泰海通策略首席分析师方奕在接受证券时报记者采访时指出，继2024年中央经济工作会议首次提 出资本市场改革后，此次会议再度明确提及资本市场，提出"持续深化资本市场投融资综合改革"，资本 市场改革目标和方向没有变，提高资本市场制度包容性、适应性，健全投资和融资相协调的资本市场功 能是资本市场改革的重要方向。 方奕认为，后续政策核心将在于强化企业创新主体地位，推动科技创新和产业创新深度融合，完善科技 金融体系，推动财政、金融资源向科技创新项目集中，以及优化人才生态，制定一体推进教育科技人才 发展方案。 方奕认为，新一轮资本市场改革将主要聚焦围绕推动双创改革优化上市公司结构、深化并购重组改革、 加强投资者回报、营造"长钱长投"制度环境与提高中长期资金投资A股的规模和比重，扩大资本市场制 度型开放以及提升外资参与便利度等方面进一步展开。 在科技创新方面，"坚持创新驱动，加紧培育壮大新动能"这一理念体现了我国在新发展阶段对科技自立 自强和高质量发展的战略决心。方奕表示，当前科技创新正成为提升全要素生产率、优化供 ...

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： ● 担保对象及基本情况 ■ 1（本公告所述担保金额、担保余额及担保总额在计算时未包含浮动利率票据、债券、贷款等利息，浮 动利率利息需根据实际情况确定。本公告所载金额涉及汇率的，按2025年11月末美元兑换人民币中间 价、欧元兑换人民币中间价、港元兑换人民币中间价（1美元=7.0789元人民币、1欧元=8.2078元人民 币、1港元=0.90990元人民币）折算。） ● 累计担保情况 （一）基本情况 ■ ■ 一、担保情况概述 （一）担保的基本情况 国泰海通证券股份有限公司（以下简称公司或本公司）境外全资子公司国泰海通金融控股有限公司（以 下简称国泰海通金融控股）的全资附属公司GUOTAI JUNAN HOLDINGS LIMITED（以下简称发行人或 被担保人）于2025年12月11日发行金额为5亿元的债券，此债券由国泰海通金融控股提供担保。 国泰海通金融控股作为担保人，为发行人本次发行项下的偿付义务提供无条件及不可撤销的保证担保， 担保范围包括债券本金、利息及交易 ...

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！ 证券代码：601211 证券简称：国泰海通 公告编号：2025-108 国泰海通证券股份有限公司 关于间接全资子公司发行债券并由全资子公司提供担保的公告 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： ● 担保对象及基本情况 （一）担保的基本情况 国泰海通证券股份有限公司（以下简称公司或本公司）境外全资子公司国泰海通金融控股有限公司（以 下简称国泰海通金融控股）的全资附属公司GUOTAI JUNAN HOLDINGS LIMITED（以下简称发行人或 被担保人）于2025年12月11日发行金额为5亿元的债券，此债券由国泰海通金融控股提供担保。 国泰海通金融控股作为担保人，为发行人本次发行项下的偿付义务提供无条件及不可撤销的保证担保， 担保范围包括债券本金、利息及交易文件下的其他付款义务（以下简称本次担保）。本次担保金额为 5.13亿元。 （二）内部决策程序 ■ 三、担保协议的主要内容 根据国泰海通金融控股于2025年12月11日签署的《担 ...

每经AI快讯，华立科技（SZ 301011，收盘价：25.58元）发布公告称，2025年12月10日15:00-16:30，华 立科技接受国泰海通证券等投资者调研，公司董事会秘书华舜阳先生，证券事务代表黄益女士，证券事 务主管林泳先生参与接待，并回答了投资者提出的问题。 截至发稿，华立科技市值为39亿元。 2024年1至12月份，华立科技的营业收入构成为：动漫文化游艺行业占比100.0%。 每经头条（nbdtoutiao）——白金信用卡权益大缩水：贵宾厅限次、酒店减量⋯⋯银行吐槽没赚头，"羊 毛党"薅了个寂寞 （记者 曾健辉） ...

中金公司 公告称，"25赣州建投MTN002"申购结束前一小时内出现投资人撤标， 国泰海通 证券 撤标规 模1000万元，申购价位3.10%，撤标时间17:57:51。 ...

Group 1: Market Overview - As of November 2025, the total net asset value of public funds in the market is 36 trillion yuan, with a month-on-month decrease of 0.06% [1] - The total share of public funds in the market is 31.36 trillion shares, showing a month-on-month increase of 0.37%, with equity funds at 6.5 trillion shares (up 1.55%) and bond funds at 9.15 trillion shares (up 0.21%) [1] - New fund issuance in November 2025 reached 94.567 billion shares, a month-on-month increase of 30.81%, accounting for 82.64% of the month's public fund share increment [1] Group 2: Investor Behavior - Personal investor risk appetite has slightly improved, with ordinary stock, enhanced index, and mixed funds showing month-on-month increases of 0.18%, 3.62%, and 0.41% respectively [2] - QDII and FOF funds continue to see net inflows, with month-on-month growth rates of 3.97% and 8.88% respectively [2] - Institutional investors are seeking to enhance returns amid interest rate fluctuations, with funds primarily flowing into secondary bond funds and REITs, showing month-on-month increases of 0.50% and 1.10% respectively [2] Group 3: Industry Trends - The bond market is experiencing increased volatility, making capital gains harder to achieve, leading to a shift towards more attractive fixed-income plus products [3] - Mixed FOF products are seeing sustained month-on-month growth in new issuance, driven by large-scale issuances supported by the招商银行长盈计划 [3] - The "TREE 长盈计划" aims to provide a one-stop asset allocation solution, focusing on risk control and stable returns for clients [3] - The new performance evaluation guidelines for fund management companies have been issued for consultation, emphasizing the alignment of fund managers' interests with those of investors and enhancing investor experience [3]