华泰证券表示，近期，农业农村部等发布"一证一品"等政策，我们认为农药质量及农药市场秩序或得到 优化。我国目前一些同一登记证号的农药产品在市场销售时标注不同商标，"一证一品"政策或使借证、 租证的企业生产的产品无法在市场上销售，未来农药品牌或锐减，登记证较多的制剂企业竞争力有望增 强。在制剂应当标注所用原药登记证号和生产企业名称等规定下，原药质量及合规合法的重要性更加凸 显，原药格局进入优胜劣汰。 ...

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！ 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： 三、担保协议的主要内容 根据华泰国际财务与华泰国际、中国建设银行（亚洲）股份有限公司（作为受托人）于2025年1月24日 签署的《信托契据》，华泰国际作为担保人就华泰国际财务在此中票计划下发行的中期票据，提供无条 件及不可撤销的保证担保。2025年8月5日，华泰国际财务在该中票计划下发行两笔中期票据，发行金额 分别为0.40亿美元及0.25亿美元，由华泰国际提供担保。 截至本次发行前，华泰国际作为担保人，已为发行人本次中票计划项下的存续票据之偿付义务提供无条 件及不可撤销的保证担保。本次发行后，担保余额为5.18亿美元（含本次担保）。 四、担保的必要性和合理性 本次发行两笔中期票据，发行金额分别为0.40亿及0.25亿美元，主要为配合业务发展及补充日常营运资 金需要。被担保人华泰国际财务是公司的境外全资子公司华泰国际的附属公司。华泰国际财务的资产负 债率超过70%，但公司通过华泰国际对其持有 ...

Core Viewpoint - The report from Huatai Securities emphasizes the growth opportunities in the data center hardware sector, driven by increasing demand for computing power, similar to the early development of the lithium battery equipment sector in the electric vehicle industry [1] Group 1: Market Trends - The market is currently focusing on the demand for data center hardware due to advancements in AI technology [1] - There is a parallel drawn between the rapid penetration and sales growth in the electric vehicle sector and the potential for the data center hardware sector [1] Group 2: Investment Opportunities - The report highlights specific hardware segments that are expected to benefit, including diesel generator sets, server power supplies, UPS, HVDC, BBU, supercapacitors, power quality management, liquid cooling, as well as supporting components like lead-acid batteries, relays, and fuses [1]

Core Viewpoint - The report from Huatai Securities emphasizes the potential growth in the data center hardware sector, driven by increasing demand for computing power, similar to the early development of the lithium battery equipment sector in the electric vehicle industry [1] Group 1: Market Trends - The market is currently focusing on the demand for computing power due to advancements in AI, which is expected to boost the hardware requirements for data centers [1] - The report suggests that the data center hardware sector should be viewed through the lens of the rapid growth experienced in the lithium battery equipment sector during the early penetration and sales increase of electric vehicles [1] Group 2: Investment Opportunities - The report identifies several hardware segments within the data center sector that present investment opportunities, including diesel generator sets, server power supplies, UPS, HVDC, BBU, supercapacitors, and power quality management systems [1] - Additional components such as lead-acid batteries, relays, and fuses are also highlighted as essential parts of the supporting infrastructure for data centers [1]

| FF301 | | | | | | --- | --- | --- | --- | --- | | 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 | | | | | | 截至月份: 2025年7月31日 | | | | 狀態: 新提交 | | 致：香港交易及結算所有限公司 | | | | | | 公司名稱: | | HTSC（於中華人民共和國註冊成立，中文公司名稱為华泰证券股份有限公司及在香港以HTSC名義開展業 | | | | 務）(「本公司」) | | | | | | 呈交日期: 2025年8月5日 | | | | | | I. 法定/註冊股本變動 | | | | | | (如上市) 601688 證券代號 說明 | 於上海證券交易所 | | （「上交所」）上市之A股 | | | 法定/註冊股份數目 | | 面值 | | 法定/註 | | 冊股本 | | | | | | 上月底結存 | 7,308,256,601 RMB | | 1 | | | RMB 7,308,256,601 | | | | | | 增加 / 減少 (-) | 0 | | | | | RMB | ...

Core Viewpoint - Kunshan Intelligent has been actively engaging in the smart logistics and manufacturing equipment sectors for over 20 years, leveraging its expertise in the tobacco industry to provide integrated solutions across multiple sectors, while also expanding its international presence in line with the Belt and Road Initiative [1][2][3]. Group 1: Business Outlook - The company aims to leverage its extensive experience in automation, information technology, and intelligence within the tobacco sector to offer comprehensive solutions across four main business areas: smart logistics systems and equipment, smart production line systems and equipment, operation maintenance and spare parts, and specialized products and related services [2]. - In response to the new digital transformation demands across various industries, the company is applying its smart production line and logistics technologies from the tobacco sector to other fields such as the liquor and energy chemical industries, resulting in a series of leading-edge solutions and proprietary products [2]. Group 2: International Market Development - While focusing on domestic market growth, the company is also actively responding to the Belt and Road Initiative, aligning with national strategies to promote its international business expansion and gradually establishing a presence in overseas markets [3]. Group 3: Robotics Business Development Plans - As one of the early developers of Automated Guided Vehicles (AGV) in China, the company possesses complete proprietary AGV core technologies, with its AGV products recognized as "Yunnan Province Famous Brand" and widely used in various industries including tobacco, liquor, pharmaceuticals, automotive, and smart parking [4]. - The company plans to continuously optimize and upgrade its self-developed mobile robot control system software platform, ATIS 5.0, in 2024, enhancing its capabilities for intelligent collaborative scheduling in complex scenarios and providing a full suite of domestic AGV system products and solutions, including remote operation and maintenance services for added value [4].

Core Viewpoint - Huatai Securities is issuing a new short-term corporate bond aimed at professional investors, with two varieties having different maturities and interest rates [1] Summary by Category Bond Issuance Details - The bond issuance consists of two varieties: the first with a maturity of 3 months (92 days) and an interest rate inquiry range of 1.10%-2.10%, and the second with an 11-month (334 days) maturity and an inquiry range of 1.20%-2.20% [1] - The final interest rates for the bonds were determined through negotiations between the issuer and the lead underwriter based on the results of the offline interest rate inquiries conducted on August 5, 2025 [1] Final Interest Rates - The final interest rate for the first variety of the bond is set at 1.56%, while the second variety is set at 1.65% [1]

2025年8月5日，发行人和主承销商在网下向专业机构投资者进行了票面利率询价。根据网下专业机构投 资者询价结果，经发行人和主承销商协商一致，最终确定本期债券品种一的票面利率为1.56%，品种二 的票面利率为1.65%。 华泰证券(06886)发布公告，根据《华泰证券股份有限公司2025年面向专业投资者公开发行短期公司债 券(第七期)发行公告》，华泰证券股份有限公司2025年面向专业投资者公开发行短期公司债券(第七期) (以下简称"本期债券")分为两个品种，其中品种一期限为3个月(92天)，票面利率询价区间为 1.10%-2.10%;品种二期限为11个月(334天)，票面利率询价区间为1.20%-2.20%。本期债券票面利率由发 行人和主承销商根据网下利率询价结果在利率询价区间内协商确定。 ...

於本公告，除文義另有所指外，下列詞彙具有以下涵義。 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之股份有限公司， 中文公司名稱為華泰證券股份有限公司，在香港以HTSC名義開展業務） （股份代號：6886） 海外監管公告 本公告乃根據上市規則第13.10B條規則作出。 茲載列本公司在上海證券交易所網站刊登之《華泰證券股份有限公司2025年面向 專業投資者公開發行短期公司債券（第七期）票面利率公告》，僅供參閱。 釋義 华泰证券股份有限公司（以下简称"发行人"）面向专业投资者公开发行面 值余额不超过人民币400亿元的短期公司债券（以下简称"本次债券"）于2025 年3月25日获中国证券监督管理委员会出具的《关于同意华泰证券股份有限公司 向专业投资者公开发行短期公司债券注册的批复》（证监许可〔2025〕589号）。 「本公司」 指 於中華人民共和國以華泰證券股份有限公司的公司名 稱註冊成立的股份有限公司，於2007年12月7日由前 ...

（於中華人民共和國註冊成立之股份有限公司， 中文公司名稱為華泰證券股份有限公司，在香港以HTSC名義開展業務） （股份代號：6886） 海外監管公告 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。 本公告乃根據上市規則第13.10B條規則作出。 茲載列本公司在上海證券交易所網站刊登之《華泰證券股份有限公司關於間接全 資子公司根據中期票據計劃進行發行並由全資子公司提供擔保的公告》，僅供參 閱。 釋義 於本公告，除文義另有所指外，下列詞彙具有以下涵義。 「本公司」 指 於中華人民共和國以華泰證券股份有限公司的公司名 稱註冊成立的股份有限公司，於2007年12月7日由前身 華泰證券有限責任公司改制而成，在香港以「HTSC」 名義開展業務，根據公司條例第16部以中文獲准名稱 「華泰六八八六股份有限公司」及英文公司名稱「Huatai Securities Co., Ltd.」註冊為註冊非香港公司，其H股於 2015年6月1日在香港聯合交易所有限公司主板上市（股 ...