证券代码：600053 证券简称：九鼎投资 公告编号：2026-009 昆吾九鼎投资控股股份有限公司 关于副总经理、财务总监及董事会秘书变更的公告 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： ●昆吾九鼎投资控股股份有限公司（以下简称"公司"或"本公司"）近日 收到公司董事、副总经理、财务总监兼董事会秘书易凌杰先生递交的书面辞职报 告，因工作变动原因，易凌杰先生向公司董事会申请辞去副总经理、财务总监及 董事会秘书职务。易凌杰先生辞去副总经理、财务总监及董事会秘书职务后，仍 在公司任董事，并继续履行董事相应的职责。易凌杰先生的辞职报告自送达公司 董事会之日起生效，其辞职不会对公司的正常运作及经营管理产生影响。 ●公司于 2026 年 3 月 16 日召开第十届董事会第十二次会议审议通过《关于 公司副总经理、财务总监及董事会秘书变更的议案》，同意聘任刘群超先生担任 公司副总经理、财务总监及董事会秘书，任期自本次董事会表决通过之日起至本 届董事会届满为止。 姓名 离任职务 离任时间 原定任期到 期日 离任 原因 是 ...

证券代码：600053 证券简称：九鼎投资 编号：临 2026-010 一、会议召开情况 昆吾九鼎投资控股股份有限公司（以下简称 "本公司"或"公司"）第十届董事会第 十二次会议通知于 2026 年 3 月 16 日以通讯方式发出。会议于 2026 年 3 月 16 日在公 司以现场结合通讯表决的方式召开（本次会议为紧急会议，召集人已在会议上就相关 情况作出说明）。本次董事会会议应出席董事 9 名，实际出席董事 9 名。会议由董事 长王亮先生主持，公司高级管理人员列席了本次会议。本次董事会的召集和召开符合 《公司法》和《公司章程》的规定，会议形成的决议合法有效。 二、会议审议情况 经与会董事认真审议，以现场结合通讯表决的方式审议通过了如下议案： （一）《关于公司副总经理、财务总监及董事会秘书变更的议案》 昆 吾 九 鼎 投 资 控 股 股 份 有 限 公 司 K u n w u J i u d i n g I n v e s t m e n t H o l d i n g s C O . , L t d 第 十 届 董 事 会 第 十 二 次 会 议 决 议 公 告 本公司董事会及全体董事保证本公告内容不存在 ...

证券代码：600053 证券简称：九鼎投资 公告编号：临 2026-008 一、关于收入确认。公告显示，公司 2025 年前三季度营业收入为 1.32 亿 元，同比下滑 30.55%，四季度单季度营收预计 1.88 亿元至 2.18 亿元，同比增 长 27.89%至 48.30%，占全年营收比例近 6 成。请公司：（1）分业务列示 2025 年全年及第四季度的营业收入具体构成、对应金额、同环比变动、收入确认政 策及变化、毛利率及同比变化、回款情况等，并结合公司所处行业变化和同行 业可比公司情况等，说明公司第四季度营业收入大幅增长的原因及合理性，以 及收入确认政策是否符合《企业会计准则》相关规定；（2）列示 2025 年全年 及第四季度营业收入中关联交易的具体情况，包括但不限于关联方、合同主要 内容及金额、收入确认金额、时点及依据、毛利率、应收账款和期末及期后回 款情况，并结合同类型非关联交易的情况说明在上述方面是否存在明显差异、 结合公司主营业务和关联交易背景说明相关交易是否具备商业实质。（3）补充 披露营业收入扣除项目及其具体情况，并逐条比照《上海证券交易所上市公司 自律监管指南第 2 号—业务办理》第七号 ...

北京兴华会计师事务所(特殊普通合伙)对 《关于对昆吾九鼎投资控股股份有限公司业绩预告事项的问询函》的回复 上海证券交易所上市公司管理一部： 北京兴华会计师事务所(特殊普通合伙)(以下简称"我们")于 2026 年 2 月 4 日收到昆吾九鼎投资控股股份有限公司转来的贵部《关于对昆吾九鼎投资控股 股份有限公司业绩预告事项的问询函》(上证公函【2026】0365 号)(以下简称"问 询函")，按照问询函的要求，对问询函中涉及会计师的相关问题回复如下： 一、关于收入确认。公告显示，公司 2025 年前三季度营业收入为 1.32 亿 元，同比下滑 30.55%，四季度单季度营收预计 1.88 亿元至 2.18 亿元，同比增 长 27.89%至 48.30%，占全年营收比例近 6 成。请公司：（1）分业务列示 2025 年全年及第四季度的营业收入具体构成、对应金额、同环比变动、收入确认政 策及变化、毛利率及同比变化、回款情况等，并结合公司所处行业变化和同行 业可比公司情况等，说明公司第四季度营业收入大幅增长的原因及合理性，以 及收入确认政策是否符合《企业会计准则》相关规定；（2）列示 2025 年全年 及第四季度营业收 ...

Investment Rating - The report rates the industry as "Buy" [5] Core Insights - The venture capital industry is experiencing its first rebound in four years, with improvements in fundraising, investment, and exit channels, and an expected increase in technology IPOs in the future [2] - Venture capital firms are actively investing in hard technology sectors, indicating a positive outlook for industry performance [2] Summary by Sections 1. Overview of Venture Capital Firms - Venture capital firms focus on early-stage and growth-stage technology companies, acting as key financial intermediaries connecting social capital with these enterprises through a full cycle of fundraising, investment, management, and exit [9] - Their core business model relies on professional research to select targets and enhance post-investment growth, ultimately achieving capital appreciation through IPOs and mergers [9][10] 2. Recovery of the Primary Market - Fundraising: In 2025, the number of newly registered funds increased for the first time in four years, with a total registered capital of approximately 2.79 trillion yuan, a year-on-year growth of 15.49% [13] - Investment: The number of transactions in 2025 reached 9,058, surpassing 2024 and 2021 levels, indicating a significant recovery in market activity [20] - Exit: The number of IPOs and fundraising amounts for technology companies in A-shares and Hong Kong stocks saw substantial increases, with Hong Kong IPO fundraising rising over fourfold in 2025 [27] 3. Investment Recommendations - It is recommended to increase holdings in venture capital-related private equity investment management companies, particularly those with rich technology project reserves and state-owned backgrounds focused on hard technology sectors [39] - Notable companies include China Everbright Holdings and Sichuan Shuangma, with beneficiaries such as Yuexiu Capital and Luzhou Laojiao [39][41]

Group 1: Overview of Private Equity and Venture Capital - Private equity (PE) and venture capital (VC) investments are divided into four stages: fundraising, project investment, post-investment management, and exit [2][7] - PE funds primarily invest in private equity of non-listed companies, while VC funds focus on equity investments in early-stage companies with growth potential [4][5] Group 2: Fundraising Stage - Since 2022, the number of registered private equity and venture capital fund managers in China has decreased, with a total of 11,567 managers as of November 2025, down by 516 from the end of 2024 [2][7] - The number of fund registrations has shown a recovery in 2025, with 1,456 private equity funds registered, totaling 135.25 billion yuan, and 2,780 venture capital funds registered, totaling 124.81 billion yuan [2][8] Group 3: Project Investment Stage - In 2025, the number of investment cases in China's VC/PE market reached 11,015, a year-on-year increase of 30.6%, with an investment scale of 1,339.68 billion yuan, up 23.43% [2] - The average investment amount was 12.2 million yuan, driven by improved macroeconomic expectations and supportive government policies in technology innovation and industrial upgrades [2] Group 4: Exit Stage - From 2022 to 2024, the number of exit cases in the equity investment market decreased, with 2,029 exits recorded in the first three quarters of 2025, a year-on-year decline of 29.2% [2] - IPOs remain the primary exit method, accounting for 49.4% of exits, while mergers and acquisitions have seen a significant increase of 84.3% year-on-year, indicating a growing importance as an exit strategy [2]

Core Viewpoint - Xinghua Fund announced the appointment of Zhang Lei as the new General Manager, succeeding Han Guanghua who left for personal reasons [1][4]. Group 1: Management Changes - Zhang Lei has a diverse background in the investment management industry, having held positions such as securities analyst at Tsinghua Xinye Investment Management, fund direct sales manager at Harvest Fund Management, and general manager of institutional wealth management at Huaxia Fund Management [1][2]. - Han Guanghua's departure from the position of General Manager was due to personal reasons, effective February 13, 2026 [4]. Group 2: Zhang Lei's Qualifications - Zhang Lei holds a master's degree and has obtained relevant qualifications in fund management [2]. - He is currently the chairman of Xinghua Fund Management Company [1][2].

近日，南京神源生已完成本次交易相关的工商变更登记手续，此次变更完成 后，南京神源生成为公司控股子公司并纳入公司合并报表范围。 特此公告。 昆吾九鼎投资控股股份有限公司 董事会 2026 年 2 月 7 日 K u n w u J i u d i n g I n v e s t m e n t H o l d i n g s C O . , L t d 关于收购南京神源生智能科技有限公司部分股权 并对其增资的进展暨完成工商变更登记的公告 本公司董事会、全体董事及相关股东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。 一、交易概述 昆吾九鼎投资控股股份有限公司（以下简称"公司"或"九鼎投资"）分别 于 2025 年 8 月 11 日和 2025 年 9 月 17 日召开董事会和股东会审议同意公司通过 收购股权及增资方式，以自有资金 21,315.88 万元人民币获得南京神源生智能科 技有限公司（以下简称"南京神源生"）53.2897%股权。本次收购股权交易，公 司以现金方式合计受让南京神源生 37.7196%的股权（后续增资完成后将稀释为 28.289 ...

Group 1 - The diversified financial sector increased by 0.77% on February 4, with Bohai Leasing leading the gains [1] - The Shanghai Composite Index closed at 4102.2, up 0.85%, while the Shenzhen Component Index closed at 14156.27, up 0.21% [1] - Key stocks in the diversified financial sector showed various performance metrics, with Bohai Leasing closing at 4.61, up 4.54%, and trading volume of 1.08 million shares [1] Group 2 - The diversified financial sector experienced a net outflow of 203 million yuan from institutional investors, while retail investors saw a net inflow of 188 million yuan [2] - The stock performance of individual companies varied, with ST Rendo showing a decline of 5.01% and closing at 9.48 [2] - The trading volume and turnover for key stocks in the sector were significant, with Jiuding Investment recording a turnover of 679 million yuan [2] Group 3 - The net inflow from retail investors was 188 million yuan, while the net inflow from speculative funds was 14.44 million yuan [3] - Key stocks like Shaanxi Guotou A and Jiuding Investment had varying net inflows and outflows from different investor types, indicating mixed investor sentiment [3] - Bohai Leasing had a net inflow of 247.89 million yuan from institutional investors, while experiencing a net outflow from retail investors [3]

Core Viewpoint - The diversified financial sector experienced a rise of 1.77% on February 3, with Jiuding Investment leading the gains, while the Shanghai Composite Index closed at 4067.74, up 1.29%, and the Shenzhen Component Index closed at 14127.1, up 2.19% [1]. Group 1: Stock Performance - Jiuding Investment (600053) closed at 24.75, with a significant increase of 10.00%, and a trading volume of 225,000 shares, amounting to a transaction value of 549 million yuan [1]. - Lakala (300773) saw a closing price of 27.60, up 5.30%, with a trading volume of 560,100 shares, resulting in a transaction value of 1.532 billion yuan [1]. - Yuexiu Capital (000987) closed at 10.12, increasing by 3.16%, with a trading volume of 811,000 shares, and a transaction value of 812 million yuan [1]. - Other notable stocks include Yalian Development (002316) at 5.55 (+2.97%), State Grid Yingda (600517) at 6.82 (+2.56%), and Sichuan Shuangma (000935) at 28.00 (+2.30%) [1]. Group 2: Capital Flow - The diversified financial sector saw a net inflow of 66.1834 million yuan from main funds, while retail funds experienced a net inflow of 17.6 million yuan, and speculative funds had a net outflow of 242 million yuan [2]. - Jiuding Investment had a main fund net inflow of 73.1929 million yuan, while it faced a speculative fund net outflow of 41.1579 million yuan [3]. - Lakala experienced a main fund net inflow of 38.4083 million yuan, with a speculative fund net outflow of 29.0962 million yuan [3].