来源：市场资讯 据上交所官网显示，中铁七局泰和里持有型不动产资产支持专项计划已获受理，该项目原始权益人为中铁中产置业有限公司，计划管理人为招商证券股份 有限公司，拟发行规模为9.36亿元。 据了解，中铁·泰和里是全国首个提出"社区、景区、街区三区合一"创新模式的城市更新典范、河南首个沉浸式文商旅夜经济综合体，以"历史文脉活化 +复合业态创新"为核心，在7.5万平方米空间内打造六大主题IP，实现"一街一时代"的沉浸式场景。 中铁中产置业有限公司为世界500强企业中国中铁股份有限公司的全资子公司，中铁置业的核心成员，成立于2001年8月，隶属于中铁七局集团有限公司， 注册资金1亿元。公司总部设在河南郑州，主营业务为房地产开发。前公司正在开发建设的项目有位于郑州二七区的郑州中央商务区项目、西安浐灞生态 | 债券名称 | 中铁七局泰和里持有型不动产资产支持专项计划 | | --- | --- | | 品种 | ABS | | 拟发行金额(单位:亿元) | 9.36 | | 原始权益人 | 中铁中产置业有限公司 | | 计划管理人 | 招商证券股份有限公司 | | 交易所确认文件文号 | - | | 项目状态 | 已受 ...

Group 1 - The core viewpoint of the news is that 矽电股份 (301629.SZ) has announced a significant decline in its projected net profit for the year 2025, with estimates ranging from 46 million to 56 million yuan, representing a decrease of 39.04% to 49.93% compared to the previous year [1] - For the year 2024, 矽电股份 reported a net profit attributable to shareholders of 91.87 million yuan and a net profit of 87.36 million yuan after deducting non-recurring gains and losses [1] - The company’s performance forecast data is based on preliminary calculations by its financial department and has not been audited [1] Group 2 - 矽电股份 raised a total of 545.38 million yuan from its initial public offering, with a net amount of 463.53 million yuan after deducting issuance costs, which is 92.35 million yuan less than originally planned [2] - The company initially aimed to raise 555.88 million yuan for various projects, including probe station R&D, sorting machine technology development, marketing service network upgrades, and working capital supplementation [2] - The total issuance costs for the IPO amounted to 81.85 million yuan, excluding VAT, with underwriting and sponsorship fees accounting for 44.80 million yuan [2]

格隆汇2月3日｜招商证券(香港)发布关于石药集团(1093.HK)的研报，维持"买入"评级，目标价13.93港 元。公司与阿斯利康达成18.5亿美元重磅对外授权合作，验证其AI驱动及长效多肽平台价值；BD收入 持续兑现，9M25核心业务环比改善，销售费用率下降，研发保持高强度投入。DCF估值上调反映BD驱 动的盈利可见性提升。 ...

招商证券(香港)：维持石药集团买入评级，目标价13.93港元。 ...

Group 1 - The issuer of the bond is China National Railway Group Co., Ltd., and the total issuance scale is 10 billion yuan for the "2026 Third Phase China Railway Construction Bond" [4][29] - The bond is divided into two types: a 10-year bond with a scale of 5 billion yuan and a 30-year bond with a scale of 5 billion yuan, totaling 10 billion yuan [21][29] - The bonds will be issued at a fixed interest rate, with the 10-year bond's interest rate being the Shibor benchmark rate plus a basic spread ranging from -0.3% to 0.7%, and the 30-year bond's interest rate ranging from 0.1% to 1.1% [21][29] Group 2 - The main underwriter for this bond issuance is Guotai Junan Securities Co., Ltd., which is responsible for managing the underwriting team and coordinating the issuance process [5][31] - The bonds will be publicly issued to institutional investors through a bidding system on the Shenzhen Stock Exchange [22][31] - The bonds will be registered and held by the Shenzhen branch of the China Securities Depository and Clearing Corporation and the Central Government Bond Registration and Clearing Co., Ltd. [24][30] Group 3 - The bonds will have a maturity date of February 5, 2036, for the 10-year bond and February 5, 2056, for the 30-year bond [27] - The bonds will be issued at par value of 100 yuan, with a minimum subscription unit of 10 million yuan [24][29] - The bonds will be guaranteed by the Railway Construction Fund, providing an irrevocable joint liability guarantee [29]

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！ 本报记者 于 宏 近日，北交所、全国股转公司发布了2025年度证券公司执业质量情况评价结果。从最新榜单来看，证券 行业竞争进一步加剧，多家头部券商排名较2024年度大幅跃升，跻身前五名，而部分中小券商也凭借深 耕与业务特色形成核心竞争力，在多项细分业务排行中占据榜首。 榜单大洗牌 执业质量评价从投行、经纪、做市、研究等业务维度，全面反映券商在北交所、新三板市场业务开展情 况。评价结果显示，2025年，共有101家券商参与评价，其中，20家券商获评一档，40家券商获评二 档，20家券商获评三档，21家券商被评为四档。值得注意的是，国泰海通、华泰证券等9家券商均取得 显著进步，从2024年度的二档提升到了一档。 执业质量评价体系主要包括专业质量得分和合规质量扣分，再加上基础分100分，最终以合计分值进行 排名。具体来看，2025年度，国泰海通以145.04分的总得分夺得榜首；华泰证券紧随其后，得分为 143.41分；招商证券、申万宏源和中信证券的得分分别为140.49分、136.43分和135.49分。与2024年度榜 单相比，国泰海通排名 ...

专业质量得分能够直观体现出券商的综合业务实力。2025年度，专业质量得分位居前三名的券商为国泰 海通、华泰证券、中信建投，得分分别为49.04分、44.44分、43.9分。 同时，各项具体业务的得分充分反映出各家券商的细分优势。具体来看，北交所保荐业务得分最高的为 招商证券，获16分；北交所发行并购业务得分最高的为华泰证券，获11.77分；北交所做市业务得分最 高的为中信证券；全国股转系统推荐挂牌业务得分最高的为国联民生；研究业务、全国股转系统发行并 购业务和持续督导业务得分最高的均为开源证券；全国股转系统做市业务得分最高的为东北证券；经纪 业务得分居首的为东方财富，获16.57分。 加码布局北交所赛道 本报记者 于宏 近日，北交所、全国股转公司发布了2025年度证券公司执业质量情况评价结果。从最新榜单来看，证券 行业竞争进一步加剧，多家头部券商排名较2024年度大幅跃升，跻身前五名，而部分中小券商也凭借深 耕与业务特色形成核心竞争力，在多项细分业务排行中占据榜首。 榜单大洗牌 执业质量评价从投行、经纪、做市、研究等业务维度，全面反映券商在北交所、新三板市场业务开展情 况。评价结果显示，2025年，共有101 ...

上市公司2025年度业绩预告/快报陆续披露中。北京商报记者梳理公开信息统计，截至2月2日，已有26 只券商股及券商概念股报喜，预计2025年度归母净利润实现正收益且同比增长。具体来看，不仅有5家 机构预计归母净利润区间最大值超百亿元，还有多家机构同比增速翻倍，更有天风证券、锦龙股份同比 扭亏为盈。有业内人士预计，券商股在2026年仍会维持向好发展，但业绩增速或会弱于2025年整体表 现。 | | 2025年券商业绩预告/快报披露情况 | | | --- | --- | --- | | | 原保费团员书馆 | 同比增长情况 | | 机构名称 | [报告期] 2025年报 | [报告期] 2025年报 | | | [单位] 亿元 | [单位] % | | 中信证券 | 300.51 | 38.46 | | 国泰海通 | 275.33-280.06 | 111-115 | | 招商证券 | 123 | 18.43 | | 申万宏源 | 91-101 | 74.64-93.83 | | 中金公司 | 85.42-105.35 | 50-85 | | 东方证券 | 56.2 | 67.8 | | 方正证券 | 38.6 ...

Core Viewpoint - The performance of listed securities firms in 2025 is expected to improve significantly due to the recovery of the A-share market, with many firms reporting substantial increases in revenue and net profit [1][2][6]. Group 1: Performance Highlights - As of the end of January, 22 listed securities firms reported positive earnings forecasts, with 8 firms expecting a net profit increase of over 70% [1]. - Among the top performers, CITIC Securities reported a revenue of 748.3 billion yuan and a net profit of 300.51 billion yuan, both showing significant year-on-year growth [1][2]. - Other firms with over 100 billion yuan in net profit include Guotai Junan and China Merchants Securities, with expected profits of 275.33 billion to 280.06 billion yuan and 123 billion yuan, respectively [1][2]. Group 2: Growth Drivers - The increase in profits is attributed to the recovery of the A-share market, which has led to higher trading volumes and improved performance in brokerage and proprietary trading businesses [6][8]. - Mergers and acquisitions have also played a significant role in boosting profits, with Guotai Junan and Guolian Minsheng both reporting over 100% growth in net profit due to successful integration efforts [3][4]. Group 3: Market Outlook - Despite recent market fluctuations, analysts remain optimistic about the future performance of securities stocks, suggesting that the sector will benefit from increased market activity and potential policy support [7][9]. - The overall profit growth for the securities sector in 2025 is projected to reach approximately 46%, driven by ongoing reforms in the investment sector [6].

北交所券商执业质量最新"成绩单"出炉。 北交所、全国股转公司发布的2025年券商执业质量评价结果显示，头部券商已全面占据前列。国泰海通 证券以145.04分稳居榜首，华泰证券、招商证券、申万宏源、中信证券分别位列二至五名，与上年排名 相比，可谓经历了一次"大洗牌"。 拉长时间来看，位列第一梯队的券商，尤其是前五名乃至前十名，每年都会迎来大调整。在这背后，不 同券商的差异化竞争策略开始显现效果；另一方面，头部券商优势日益凸显。未来券商在北交所的执业 格局将走向何方？中小券商还有机会吗？ 北交所市场券商执业格局"大洗牌"，头部券商逐渐跃居前列 以往中小券商在北交所及新三板市场中占据主导地位，但2025年的评价结果显示，头部券商基本已实现 全面领跑，国泰海通、华泰证券、招商证券、申万宏源、中信证券五家券商排名靠前。 回顾2024年，中信建投以137.21分位列榜首，第二至第四名则由民生证券、东吴证券、国投证券、中泰 证券中小券商占据，部分大型券商被挤出前列。 纵观近年排名，榜首位置频繁易主。2022年，前五名分别为申万宏源、中泰证券、开源证券、中信建 投、安信证券（现国投证券），彼时，"一哥"中信证券还未跻身第一梯 ...