中国经济网北京1月28日讯 禾迈股份(688032.SH)今日收报107.74元，跌幅4.59%。该股目前处于破 发状态。 禾迈股份于2021年12月20日在上交所科创板上市，发行价格为557.80元/股，发行股票数量为 1000.00万股，保荐人（主承销商）为中信证券股份有限公司，保荐代表人为金波、董超。 禾迈股份首次公开发行股票募集资金总额为55.78亿元，扣除发行费用后募集资金净额为54.06亿 元。该公司最终募集资金净额比原计划多48.48亿元。禾迈股份于2021年12月15日披露的招股说明书显 示，该公司拟募集资金5.58亿元，拟分别用于禾迈智能制造基地建设项目、储能逆变器产业化项目、智 能成套电气设备升级建设项目、补充流动资金。 2023年6月6日，禾迈股份公告分红方案，每10股派息(税前)53元，转增4.9股，除权除息日为2023年 6月13日。 2024年6月13日，禾迈股份公告分红方案，每10股派息(税前)36元，转增4.9股，除权除息日为2024 年6月19日。 (责任编辑：魏京婷) 禾迈股份首次公开发行股票的发行费用总额为1.72亿元，其中，承销费及保荐费1.42亿元。 2022年5月3 ...

| 股票名称 | 涨跌幅(%) | 主力资金流向 | 所属行 | | --- | --- | --- | --- | | 中国铝业 | 10.02 | 19.09亿元 | 有色金属 | | | | | 公司是国 | | 北方稀土 | 4.22 | 17.73亿元 | 领先發農 | | | | | 木设备核 | | 网宿科技 | 15.14 | 17.12亿元 | 巨联网服 | | 天孚通信 | 4.53 | 15.46亿元 | 印信信 | | 省广集团 | 4.9 | 12.75亿元 | 又化传媒 | | 英维克 | 6.45 | 11.16亿元 | 别刺非泥 4757 HANA | | 中芯国际 | 3.63 | 10.37亿元 | | | 香农芯创 | 4.54 | 9.66亿元 | | | 洛阳钼业 | 9.8 | 8.18亿元 | | | 曾经过程 | 308g8 | 19:52 225 20 | 1888689 | | 长芯博创 | 6.18 | 7.07亿元 | 通信议 | | --- | --- | --- | --- | | 中际旭创 | 2.01 | 7.03亿元 | 報情報 | | 中国电 ...

Group 1 - The Southern ChiNext AI ETF (159382) has seen a rise of over 2%, currently up 1.51%, indicating a potential three-day increase with a turnover of 2.69% and a transaction volume of 63.45 million yuan [1] - The ChiNext AI Index, which the ETF tracks, has seen significant gains in constituent stocks, with NetEase Technology up 17.06%, Taicheng Light up 11.97%, and Beijing Junzheng up 6.91% [1] - DeepSeek released a paper on January 27, introducing the DeepSeek-OCR 2 model, which utilizes the innovative DeepEncoder V2 method, achieving a score of 91.09% in the OmniDocBench v1.5 benchmark, a 3.73% improvement over its predecessor [1] Group 2 - Alibaba launched the Qwen3-Max-Thinking model on January 26, which shows significant improvements in various dimensions and competes with top models like GPT-5.2-Thinking and Claude-Opus-4.5 [2] - NVIDIA and CoreWeave announced an expanded partnership to accelerate the construction of AI data centers, with NVIDIA investing $2 billion to help CoreWeave build over 5 gigawatts of AI data centers by 2030 [2] - CITIC Securities predicts continued growth in the pre-computing power sector through 2025, driven by ongoing capital expenditures from major CSPs and structural highlights in AI applications across finance, healthcare, and data sectors [2] Group 3 - The Southern ChiNext AI ETF closely tracks the ChiNext AI Index, which reflects the stock price changes of listed companies related to the AI theme on the ChiNext board [3] - The top ten weighted stocks in the index include Zhongji Xuchuang, Xinyi Sheng, Tianfu Communication, and others, indicating a diverse portfolio within the AI sector [3] Group 4 - The Southern ChiNext AI ETF has an off-market connection with classes A (024725) and C (024726) [4]

1月27日盘后，继中信证券，另一家2万亿券商国泰海通披露业绩预增公告，2025年实现归母净利润 275.33亿元至280.06亿元，同比增速高达111%至115%。国泰海通表示，公司完成整合后，已初步实 现"1+1>2"的协同效应。中信证券此前公告，归母净利润历史首次突破300亿元，同比增长38.64%。 截至目前，已有21家券商披露了2025年业绩，净利合计约1048.24亿元，同比增58.14%。其中19家实现 同比正增长，占比达90.48%，国泰海通、国联民生等5家券商净利润增速翻倍，行业整体迎来业绩高增 期。 | | | 21家券商2025业绩一览(2026.1.27) | | | | --- | --- | --- | --- | --- | | 券商 | 净利(亿元) | 同比 | 营收(亿元) | 同比 | | 中信证券 | 300. 51 | 38. 46% | 748. 30 | 38. 46% | | 国泰海通 | 275. 33 280. 06 | 111% 115% | | | | 招商证券 | 123.00 | 18. 43% | 248. 99 | 19. 19% | | 申万宏源 ...

| | | 21家券商2025业绩一览(2026.1.27) | | | | --- | --- | --- | --- | --- | | 券商 | 净利(亿元) | 同比 | 营收(亿元) | 同比 | | 中信证券 | 300. 51 | 38. 46% | 748. 30 | 38. 46% | | 国泰海通 | 275. 33 280. 06 | 111% 115% | | | | 招商证券 | 123.00 | 18. 43% | 248. 99 | 19. 19% | | 申万宏源 | 91~101 | 74. 64% 93. 83% | | | | 东方证券 | 56. 20 | 67. 80% | | | | 光大证券 | 37. 29 | 21.92% | 108. 63 | 13. 18% | | 国投证券 | 34. 18 | 35. 10% | 103. 51 | -4. 01% | | 国联民生 | 20. 08 | 406. 00% | | | | 中金财富 | 17. 60 | 47. 40% | 83. 49 | 25. 42% | | 东北证券 | 14. 77 | 69. ...

一是估值低。横向对比看，美国大行2025年ROE为13-15%，PB为2.2-2.9倍，A股头部券商ROE为9- 10.5%，PB为1.1-1.4倍。纵向对比看，当前估值相比2021年折让30-40%。 1月27日盘后，继中信证券，另一家2万亿券商国泰海通披露业绩预增公告，2025年实现归母净利润 275.33亿元至280.06亿元，同比增速高达111%至115%。国泰海通表示，公司完成整合后，已初步实 现"1+1>2"的协同效应。中信证券此前公告，归母净利润历史首次突破300亿元，同比增长38.64%。 截至目前，已有21家券商披露了2025年业绩，净利合计约1048.24亿元，同比增58.14%。其中19家实现 同比正增长，占比达90.48%，国泰海通、国联民生等5家券商净利润增速翻倍，行业整体迎来业绩高增 期。 | | | 商2025业绩- | | | | --- | --- | --- | --- | --- | | 券商 | 净利(亿元) | 同比 | 营收(亿元) | 同比 | | 中信证券 | 300. 51 | 38. 46% | 748. 30 | 38. 46% | | 国泰海通 | 27 ...

预计Q4单季盈利环比下滑，业绩预期加总环比变动约为-11.03%，其中动力煤/焦煤公司环 比-10%/+18%，显示焦煤公司在25Q3低盈利的基数上，煤价上涨对业绩弹性的贡献更大。在此业绩预 期上，该行假设各公司2025年分红比例延续2024年实际分红水平，测算样本公司平均股息率约为 2.4%，仅4家公司股息率有望超过4%。 智通财经APP获悉，中信证券发布研报称，2025年下半年煤炭板块景气已有所回暖，2026年上市公司业 绩或跟随煤价有所改善，红利龙头若维持分红比例不变，股息率也将有小幅提升。因此，该行预计板块 在2026年会有阶段性行情，行业驱动或来自于红利风格的轮动、或来自于阶段性煤价预期差带来的反弹 行情。配置机会或来自于三条主线，一是逢低配置、长期持有动力煤红利龙头；二是关注有产能扩张、 受益于政策，具备Alpha的公司；三是把握煤价预期差驱动的反弹行情，建议届时阶段性关注业绩弹性 大的公司。短期而言，基于2025年业绩预期，该行建议关注2025Q4有望实现较大幅度业绩环比改善的 公司。 中信证券主要观点如下： 2025Q4多数煤种价格环比上涨，全年煤价同比下行。 根据中国煤炭市场网数据，25Q4 ...

本次拟公开发行新股１，６９３．０５５９万股，约占发行后发行人总股本的２５．０１％。本次发行 初始战略配售数量为３３８．６１１１万股，占本次发行数量的２０．００％，最终战略配售数量与初 始战略配售数量的差额将回拨至网下发行。回拨机制启动前，网下初始发行数量为９４８．１４４８万 股，约占扣除初始战略配售数量后发行数量的７０．００％，网上初始发行数量为４０６．３０００万 股，约占扣除初始战略配售数量后发行数量的３０．００％。最终网下、网上发行合计数量为本次发行 总数量扣除最终战略配售数量，网上及网下最终发行数量将根据回拨情况确定。 为便于投资者了解发行人的有关情况和本次发行的相关安排，发行人和本次发行的保荐人（主承销商） 将就本次发行举行网上路演，敬请广大投资者关注。 １、网上路演时间：２０２６年１月１５日（Ｔ－１日，周四）１４：００－１７：００ ２、网上路演网址： 上证路演中心：ｈｔｔｐ：／／ｒｏａｄｓｈｏｗ．ｓｓｅｉｎｆｏ．ｃｏｍ 上海证券报·中国证券网：ｈｔｔｐｓ：／／ｒｏａｄｓｈｏｗ．ｃｎｓｔｏｃｋ．ｃｏｍ 深圳市恒运昌真空技术股份有限公司（以下简称"发行人"）首次公开发行人民币普通股（Ａ股）并在科 创板上 ...

Group 1 - The company held an investor roadshow in Shanghai, attracting 43 institutional investors to discuss core business layout, technological advancements, and future development plans [1] - The company's subsidiary, Jiangsu Shentong Nuclear Energy Equipment Co., has undertaken the manufacturing of pneumatic ball valves for a project required by the China National Nuclear Corporation [1] - The company emphasizes its technological advantages in valve stability and reliability under harsh conditions in nuclear fusion applications, leading the industry in sealing technology [1] Group 2 - In the semiconductor sector, the subsidiary Shentong Semiconductor Technology (Nantong) focuses on developing vacuum valves and process gas valves for integrated circuits, photovoltaics, and display panels, with some products already validated by customers [1] - The company has established partnerships in the commercial aerospace sector, supplying satellite electric propulsion gas modules and rocket valve components, with small-scale deliveries already initiated [2] - The company aims to increase the value of nuclear valve products supplied to each nuclear power unit to over 100 million yuan, with growth expected from new product development and spare parts market expansion [2]

Core Viewpoint - Multiple listed securities firms are expected to report positive performance for 2025, with significant year-on-year profit growth anticipated across the sector [1][2]. Group 1: Performance Forecasts - Several securities firms, including China Merchants Securities, Shenwan Hongyuan Securities, Dongfang Securities, and Hongta Securities, have released performance forecasts indicating net profit growth of 18.43%, 74.64%-93.83%, 67.8%, and 59.05% respectively for 2025 [1][3]. - Citic Securities, a leading firm, reported a projected revenue of 748.3 billion yuan and a net profit of 300.51 billion yuan for 2025, reflecting year-on-year increases of 28.75% and 38.46% respectively [5][7]. - Dongfang Securities anticipates a revenue of 153.4 billion yuan, up 26.0%, and a net profit of 56.2 billion yuan, up 67.8% [4][7]. Group 2: Market Dynamics - The A-share market is expected to continue its upward trend, with daily trading volume increasing significantly, reaching an average of 19.8 trillion yuan, a 67% year-on-year increase [8]. - The balance of margin financing and securities lending is projected to reach 2.5 trillion yuan by the end of 2025, marking a 36% increase [8]. - Analysts attribute the strong performance of securities firms to three main factors: a stable macroeconomic environment, increased market activity, and strategic upgrades within firms [8][9]. Group 3: Analyst Predictions - Analysts predict that the overall net profit of listed securities firms will grow by over 50% in 2025, driven by robust trading activity and improved brokerage income [9][10]. - Financial Street Securities forecasts a 53.24% year-on-year increase in daily trading volume, with brokerage income expected to rise by over 40% [9]. - According to analysts, the growth in net profit is primarily driven by brokerage and investment business performance [10].