Fund Overview - The fund is named "Guotai Zhongzheng Hong Kong Stock Connect Automotive Industry Theme Exchange-Traded Open-Ended Index Securities Investment Fund" [15] - It is classified as an equity fund and operates as an exchange-traded fund (ETF) [16][15] - The fund's investment objective is to closely track the benchmark index while minimizing tracking deviation and error [19] Fund Offering Details - The fund will be available for subscription from September 3, 2025, to September 12, 2025 [2][23] - Investors can choose between online cash subscription and offline cash subscription methods [36] - The minimum subscription amount is 1,000 shares or its multiples, with a maximum limit of 99,999,000 shares for online subscriptions [28][4] Subscription Process - Investors must have a Shanghai Stock Exchange A-share account or a securities investment fund account to subscribe [39] - The subscription process includes submitting a subscription application and ensuring sufficient funds are available [29][4] - The fund management may adjust the subscription period based on demand, but it cannot exceed the legal subscription period [2][7] Fund Management and Custody - The fund is managed by Guotai Fund Management Co., Ltd., and the custodian is Ningbo Bank Co., Ltd. [57][58] - The fund's assets will be managed in accordance with the principles of diligence, honesty, and prudence [14] Regulatory Compliance - The fund's registration has been approved by the China Securities Regulatory Commission (CSRC) [1] - The fund must meet specific conditions, including a minimum of 200 investors and a total subscription amount of at least 200 million RMB, to become effective [55][24] Investor Information - Investors can contact the fund management company for inquiries regarding the subscription process [16] - Detailed information about the fund can be found in the prospectus available on the company's website [5]

中信建投证券股份有限公司 关于常州腾龙汽车零部件股份有限公司 使用部分闲置募集资金进行现金管理的核查意见 中信建投股份有限公司（以下简称"保荐机构"）自常州腾龙汽车零部件股 份有限公司（以下简称"腾龙股份"或"公司"）2025 年 7 月 23 日披露《关于 变更持续督导保荐机构及保荐代表人的公告》后，承继公司前次非公开发行股票 的持续督导工作。根据《证券发行上市保荐业务管理办法》、 《上市公司募集资金 监管规则》 （中国证券监督管理委员会公告〔2025〕10 号）、上海证券交易所发 布的《上海证券交易所上市公司自律监管指引第 1 号——规范运作》及《上海证 券交易所上市公司自律监管指南第 1 号——公告格式》等相关文件的要求，对腾 龙股份使用部分闲置募集资金进行现金管理的事项进行了核查，核查情况及核查 意见如下： 一、募集资金基本情况 经中国证券监督管理委员会（"中国证监会"）《关于核准常州腾龙汽车零部 件股份有限公司非公开发行股票的批复》（证监许可[2020]2839 号）核准，腾龙 股份非公开发行人民币普通股 A 股 48,555,253 股，每股发行价格为 12.24 元，募 集资金总额为 594,3 ...

Group 1 - The company aims to conduct foreign exchange derivative business, including forward foreign exchange settlement and sales, to mitigate the impact of exchange rate fluctuations on its operating performance [1][2] - The total amount for the foreign exchange derivative transactions planned for 2025 is not to exceed the equivalent of 500 million RMB or other equivalent foreign currencies [2][3] - The funding for these transactions will primarily come from the company's own funds and will not involve the use of raised funds [2][3] Group 2 - The effective period for the foreign exchange derivative business is twelve months from the approval date by the board of directors, with the ability to roll over the transaction limits within this period [3] - The company has established a comprehensive internal control system and risk response measures to effectively manage the risks associated with foreign exchange derivative transactions [4][5] - The company will account for and disclose the foreign exchange derivative business in accordance with relevant accounting standards [4] Group 3 - The company has received approval from its board of directors for the foreign exchange derivative business, which does not involve related party transactions and does not require shareholder approval [4] - The sponsor institution has no objections to the company's plan to conduct foreign exchange derivative transactions, affirming that it aligns with legal regulations and the company's operational needs [5]

Core Viewpoint - The report summarizes the continuous supervision work conducted by CITIC Securities for Shanghai Nanchip Semiconductor Technology Co., Ltd. during the first half of 2025, highlighting the company's compliance with regulations and the status of its operations. Continuous Supervision Work - CITIC Securities has established and effectively executed a continuous supervision work system for Nanchip Technology, including signing a supervision agreement to clarify rights and obligations [1][2] - The supervision included daily communication, regular visits, on-site inspections, and due diligence, ensuring compliance with laws and regulations [1][2] - No violations or breaches of commitments were reported during the supervision period [1][3] Financial Performance - The company's operating income for the first half of 2025 was approximately 1.47 billion yuan, representing a 17.60% increase compared to the same period last year [8] - Total profit decreased by 41.41% to approximately 120 million yuan, attributed to increased R&D investments [8] - The net profit attributable to shareholders decreased by 40.21%, with basic and diluted earnings per share dropping by 39.58% to 0.29 yuan [9][8] R&D Investment - R&D expenses amounted to approximately 282 million yuan, a 54.62% increase from the previous year, representing 19.21% of operating income [9][18] - The number of R&D personnel increased by 71.82% to 756, accounting for 68.35% of the total workforce [10][18] Core Competitiveness - The company has developed a comprehensive proprietary technology system, focusing on market insights and R&D innovation to enhance competitiveness [10][11] - Nanchip Technology has received recognition from major domestic smartphone brands, establishing a leading position in the wired charging management chip market [13][14] Risk Factors - The company faces several risks, including product development and technology innovation risks, core technology leakage risks, management risks due to scale expansion, and fluctuations in gross profit margins [3][4][5][6] - The gross profit margin at the end of the reporting period was 36.97%, a decrease of 4.32 percentage points from the previous year [5] Compliance and Governance - The company has established a quality management system in accordance with IATF16949 standards, achieving ASIL-D certification for functional safety management [15] - There were no major violations reported during the supervision period, and the company complied with regulations regarding the use of raised funds [7][22]

Q&A 中信建投策略 9 月 A 股策略观点 20250827 摘要 A 股市场在通信行业领涨的背景下，寒武纪股价超越茅台，成为市场焦 点，但需警惕交易过热和结构恶化风险，全 A 近五日平均换手率超 2%，情绪指数超买超卖指标超 20%，全 A 市盈率分位数处于近 10 年 高位。 TMT 板块成交额占比虽升至 37%，但未达 40%警戒线，相对换手率显 示 TMT 板块仍有攀升空间，尤其通信电子板块相对换手率偏低，预示 TMT 行情或将持续。 市场资金流向分化明显，投资者减仓时优先保留 AI 和算力资产，导致 AI 板块外普遍下跌，资金抱团现象显著，电子、通信和计算机板块成交额 占比接近历史高点。 投资者情绪指数达 95.2，市场情绪亢奋，但未达顶点，市场处于加速冲 顶阶段，需警惕"茅台魔咒"等见顶反转迹象，关注指标股及交易热度 变化。 9 月份 A 股市场受阅兵活动和美联储可能降息两大因素影响，预计市场 风险偏好较高，但需关注美联储降息时点，可能推迟至 12 月。 市场情绪如何影响当前行情？ 如何评价近期 A 股市场的表现及其背后的原因？ 近期 A 股市场出现了显著调整，主要原因在于前期市场交易过热引发的 ...

中信建投证券股份有限公司 关于北京天智航医疗科技股份有限公司 增加 2025 年度日常关联交易预计额度的核查意见 中信建投证券股份有限公司（以下简称"中信建投证券"或"保荐机构"） 作为北京天智航医疗科技股份有限公司（以下简称"天智航"或"公司"）2021 年度向特定对象发行 A 股股票的保荐机构，根据《证券发行上市保荐业务管理 办法》 《上海证券交易所科创板股票上市规则》 《上海证券交易所科创板上市公司 自律监管指引第 1 号——规范运作》和《科创板上市公司持续监管办法（试行）》 等有关规定，对天智航增加 2025 年度日常关联交易预计额度事项进行了审慎核 查，核查情况及核查意见如下： 一、增加日常关联交易基本情况 （一）增加日常关联交易履行的审议程序 审议通过了《关于增加 2025 年度日常关联交易预计额度的议案》，该议案获得全 体独立董事一致同意，并同意将该议案提交公司董事会审议。 会第十次会议，分别审议通过了《关于增加 2025 年度日常关联交易预计额度的 议案》，本次增加 2025 年度日常关联交易预计额度为 3,000.00 万元，关联董事张 送根、王彬彬进行了回避表决。 本次日常关联交易预计事项 ...

为规范公司募集资金管理和使用，保护投资者权益，公司设立了募集资金专 项账户。募集资金到账后，已全部存放于募集资金专项账户内，本公司已与保荐 机构中信建投证券股份有限公司及存放募集资金的商业银行签订了《募集资金专 户存储三方监管协议》。 《募集资金专户存储三方监管协议》对发行人、保荐机构 及存放募集资金的商业银行的相关责任和义务进行了详细约定。详细情况请参见 公司已于 2021 年 8 月 3 日披露于上海证券交易所网站（www.sse.com.cn）的《复 旦微电首次公开发行股票科创板上市公告书》。 会第九次会议，审议通过了《关于使用部分超募资金永久补充流动资金的议案》。 经 2021 年第二次临时股东大会审议通过，同意公司使用部分超募资金人民币 六次会议，审议通过了《关于使用部分超募资金永久补充流动资金的议案》，同 意公司使用部分超募资金人民币 2,400 万元用于永久补充流动资金。经 2022 年 度股东周年大会审议通过，同意公司使用部分超募资金人民币 2,400.00 万元用于 永久补充流动资金。 中信建投证券股份有限公司 关于上海复旦微电子集团股份有限公司 使用剩余超募资金和节余募集资金永久补充流动资 ...

Core Viewpoint - The article discusses the qualification review conducted by CITIC Securities for shareholders of Shaanxi Huaqin Technology Industry Co., Ltd. regarding the transfer of shares to specific institutional investors before the company's initial public offering [1][13]. Group 1: Transfer Delegation - CITIC Securities was entrusted by the shareholders of Huaqin Technology to organize the inquiry transfer of shares [1]. - The transfer is in accordance with relevant regulations including the implementation opinions for the establishment of the Sci-Tech Innovation Board [1]. Group 2: Qualification Review Process - CITIC Securities conducted a qualification review of the transferring shareholders, collecting necessary documents and conducting interviews [2][3]. - The shareholders provided a commitment and declaration regarding the transfer of shares [2]. Group 3: Shareholder Qualification Details - Ningbo Huaqin Wansheng Investment Partnership (Limited Partnership) is a key shareholder, established on December 25, 2019, and is legally operating without any violations [2]. - The partnership serves as an employee stock ownership platform for the chairman of Huaqin Technology, ensuring compliance with share reduction regulations [3][4]. Group 4: Compliance with Regulations - All transferring shareholders, including individuals like Luo Fa, Bai Hongyan, Wang Junfang, Li Zhan, and Wu Tengfei, have not violated any share reduction regulations and are compliant with the inquiry transfer window period [5][6][7][9][10]. - The shares intended for transfer are pre-IPO shares and are not subject to any restrictions such as pledges or judicial freezes [4][6][9]. Group 5: Internal Review and Approval - The inquiry transfer has undergone necessary internal review and approval processes as required by regulations [4][10]. - CITIC Securities confirmed that the transfer complies with the guidelines set forth by the Shanghai Stock Exchange regarding share transfers [13].

招商中证消费电子主题交易型开放式 指数证券投资基金 2025 年中期报告 基金管理人：招商基金管理有限公司 基金托管人：中信建投证券股份有限公司 送出日期：2025 年 8 月 28 日 招商中证消费电子主题交易型开放式指数证券投资基金 2025 年中期报告 基金管理人的董事会及董事保证本报告所载资料不存在虚假记载、误导性陈述或重大遗 漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。本中期报告已经三分之二 以上独立董事签字同意，并由董事长签发。 基金托管人中信建投证券股份有限公司根据本基金合同规定，于 2025 年 8 月 27 日复核 了本报告中的财务指标、净值表现、利润分配情况、财务会计报告、投资组合报告等内容， 保证复核内容不存在虚假记载、误导性陈述或者重大遗漏。 基金管理人承诺以诚实信用、勤勉尽责的原则管理和运用基金资产，但不保证基金一定 盈利。 基金的过往业绩并不代表其未来表现。投资有风险，投资者在作出投资决策前应仔细阅 读本基金的招募说明书及其更新。 本报告中财务资料未经审计。 本报告期自 2025 年 1 月 1 日起至 6 月 30 日止。 第 1 页 共 49 页 招商中证消费电子 ...

Core Viewpoint - The company intends to temporarily use part of the idle raised funds to supplement working capital, ensuring that this does not affect the progress of investment projects or the normal operation of the business [1][5]. Fundraising Basic Situation - The company has been approved to issue convertible bonds totaling RMB 280 million, with an actual fundraising amount of RMB 280 million, after deducting underwriting fees and other related expenses [1]. - As of June 30, 2025, the balance of the special account for raised funds is RMB 60.82 million, with an unused balance of RMB 160.82 million [2]. Fundraising Investment Project Situation - The total amount of funds raised is RMB 279.17 million, with RMB 119.93 million already used, resulting in an unused amount of RMB 159.24 million, representing a utilization rate of 42.96% [2]. Plan for Temporary Use of Idle Funds - The company plans to use no more than RMB 10 million of idle raised funds to temporarily supplement working capital for a period not exceeding 12 months [3][4]. Management of Raised Funds - The company will open a special account for the temporary use of raised funds and will ensure that these funds are only used for activities related to the main business, without changing the purpose of the raised funds [4]. Internal Decision-Making Procedures - The board of directors and the supervisory board have approved the use of idle funds, confirming that it will not affect the progress of investment projects or the safety of funds [5]. - The sponsor has verified that the decision-making process has been properly followed and complies with relevant regulations [6].