2025年9月16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1.91%，品种 二未实际发行。 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公司债券(第 六期)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公司债券(第六期)(以下简 称"本期债券")分为两个品种，其中品种一期限为2年，票面利率询价区间为1.40%-2.40%;品种二期限为3 年，票面利率询价区间为1.50%-2.50%。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。 ...

（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公司債券（第六期）票面利率公告》，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。 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） 「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 票代碼：6 ...

Core Viewpoint - The company, Xingrong Environment, is a leading comprehensive water and environmental service provider in China, focusing on investment, research, design, construction, and operation across various business segments [2][4]. Business Overview - The company operates in several key areas: water supply, wastewater treatment, reclaimed water utilization, environmental services, and engineering projects. Environmental services include waste incineration power generation, leachate treatment, sludge disposal, and kitchen waste disposal [2]. Project Updates - In the first half of 2025, several projects were put into operation, including the Xiwayan Reclaimed Water Plant and the Chengdu First City Sewage Sludge Treatment Plant (Phase III). Ongoing projects include the Chengdu Water Supply Plant (Phase III), which has entered trial operation, and several other plants expected to be operational within 1-2 years [2][3]. Waste Incineration Projects - The Chengdu Wanxing Environmental Power Plant (Phase III) is under construction, with a waste processing capacity of 5,100 tons per day, along with sludge and kitchen waste processing capacities of 800 tons per day each, expected to be operational by 2026 [2]. Revenue Management - The Chengdu Water Supply Plant (Phase III) has entered trial operation, and revenue recognition will follow the terms of the franchise agreement and accounting policies during this period [3]. Market Expansion Plans - The company aims to deepen its presence in the Chengdu market while expanding its operations through mergers and acquisitions across the country, focusing on resource integration and industry segmentation [3]. Capital Expenditure and Dividends - The company has significant capital expenditures due to multiple ongoing projects, which are expected to decrease as these projects become operational. The company plans to enhance dividend levels as free cash flow improves with the completion of these projects [4]. Financial Performance - For the first half of 2025, the company reported a main revenue of 4.192 billion yuan, a year-on-year increase of 4.59%, and a net profit of 975 million yuan, up 5.03%. The second quarter saw a slight revenue increase of 0.31% but a net profit decline of 0.94% [4]. Profit Forecasts - Various institutions have provided profit forecasts for the company, with projected net profits of 2.13 billion yuan for 2025, 2.32 billion yuan for 2026, and 2.52 billion yuan for 2027, with target prices ranging from 6.95 to 9.10 yuan [6].

人民财讯9月17日电，9月17日，华泰证券研报表示，8月旺季航司供需均稳步增长，同时客座率冲高， 三大航+春秋+吉祥ASK/RPK分别同增5.0%/5.8%，推动客座率同比提高0.6pct至86.8%。同时暑运票价整 体表现仍较为低迷，根据航班管家数据，第27周—35周(6月30日—8月31日)，国内线含油票价同比下降 6.5%。不过9月公商务出行需求或将回暖，且基数下降，航司票价数据或有改善，第37周(9月8日—9月 14日)国内线含油票价同比转正，同增2.5%。往后展望，供给增速将维持较低水平，需求若有好转，叠 加收益管理优化及基数降低，建议布局景气有望底部改善的航空板块。 ...

华泰证券研报称，上周A股缩量震荡后收涨，创2024年以来新高，市场关注目前资金交易活跃度水平， 我们观察到上周参与交易的投资者数量中枢回落至7月底左右水平，结构上来看交易型资金持续活跃， 配置型基金入市意愿回落，具体来看：1）融资活跃度边际上行至11.6%，创2016年以来新高，龙虎榜 买卖额绝对值仍在2025年以来高位；2）存量公募基金仓位上周有所回落，以EPFR统计的配置型外资转 向净流出。但亮点在于，主动配置型外资持续四周净流入，偏股型公募基金新发中枢份额持续回升，且 在公募费改政策优化下，投资者长期持有的意愿或有所上行。 ...

市场资讯：中金公司、华泰证券和中银国际等银行担任奇瑞汽车IPO顾问。 ...

华泰证券（601688）(06886)发布公告，华泰证券股份有限公司2025年面向专业投资者公开发行公司债 券(第三期)(品种二)(续发行)发行工作已于2025年9月16日结束。本期续发行债券实际发行规模为60亿 元，发行价格为101.399元，认购倍数为1.84倍。 ...

智通财经APP讯，华泰证券(06886)发布公告，华泰证券股份有限公司2025年面向专业投资者公开发行公 司债券(第三期)(品种二)(续发行)发行工作已于2025年9月16日结束。本期续发行债券实际发行规模为60 亿元，发行价格为101.399元，认购倍数为1.84倍。 ...

本期续发行债券发行工作已于2025年9月16日结束。本期续发行债券实际发行规模为60亿元，发行价格 为101.399元，认购倍数为1.84倍。 格隆汇9月16日丨华泰证券(06886.HK)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 发行公司债券(第三期)(品种二)(续发行)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 发行公司债券(第三期)(品种二)(续发行)(以下简称"本期续发行债券")发行规模不超过60亿元(含60亿 元)，期限为2年6个月(914天，2025年3月6日至2027年9月6日)，票面利率为2.05%，债券面值为人民币 100元，具体发行价格通过簿记建档确定。 ...

Core Viewpoint - The China Securities Investment Fund Industry Association (CSRC) has released the top 100 public fund sales institutions for the first half of 2025, showing a total non-monetary fund holding scale of 10.2 trillion yuan, reflecting a 7% quarter-on-quarter growth, primarily driven by bond funds and strong performance in stock index funds [1][6]. Group 1: Fund Sales Performance - The top 100 institutions' non-monetary fund holding scale reached 10.2 trillion yuan, with a 7% increase compared to the second half of 2024 [1][6]. - Bond funds contributed significantly to the growth, with a holding scale of 5.06 trillion yuan, up 8.05%, accounting for 57% of the non-monetary fund growth [6][13]. - Stock index funds also showed robust growth, with a holding scale of 1.95 trillion yuan, reflecting a 14.57% increase [6][8]. Group 2: Distribution Channel Dynamics - The fund distribution landscape is characterized by a "stronger gets stronger" trend, with Ant Group, China Merchants Bank, and Tiantian Fund leading the non-monetary fund holding scale [1][6]. - Securities firms, represented by CITIC Securities and Huatai Securities, have become the fastest-growing institutions in non-monetary fund holdings, driven by their advantages in the ETF market [1][8]. - The sales holding scale of securities firms reached 2.09 trillion yuan, with a 9.4% quarter-on-quarter growth, primarily fueled by stock index funds [8][9]. Group 3: Future Outlook and Trends - The future focus for fund distribution may shift towards equity holdings, with ETFs expected to see further development [2][16]. - Third-party distribution channels have reached a non-monetary fund holding scale of 3.56 trillion yuan, growing by 8.9%, with bond funds contributing significantly [15][16]. - The upcoming regulatory changes may reshape the competitive landscape and business models within the fund distribution industry, emphasizing investor interests and service-driven approaches [17][18].