Market Overview - The market experienced narrow fluctuations with mixed performance across the three major indices, while the STAR 50 Index rose nearly 1% [1] - The total trading volume in the Shanghai and Shenzhen markets was 2.11 trillion yuan, a decrease of 143.9 billion yuan compared to the previous trading day [1] - Over 3,100 stocks in the market declined, with the media sector leading gains, while the commercial aerospace sector saw a decline [1] Energy Sector Insights - Tianfeng Securities suggests that energy storage and Solid Oxide Fuel Cells (SOFC) will effectively address the electricity load gap in the U.S. [2] - The EIA forecasts that from 2026 to 2030, the U.S. will add 7, 7, 16, 8, and 7 GW of gas-fired power generation, while stable power sources will see minimal additions [2] - By mid-October 2025, the planned capacity for data center reserve projects in the U.S. will reach 245 GW, indicating a significant load demand that stable power sources alone cannot meet [2] Aerospace Sector Developments - CITIC Construction Investment emphasizes that the commercial aerospace sector is focusing on technology leadership, frequency track superiority, and clear commercialization paths [3] - The core engine for industrialization in reusable rockets is being continuously optimized, with companies like Deep Blue Aerospace and Tianbing Technology validating recovery technologies [3] - The integration of satellite internet and reusable rockets is seen as a high-certainty mainline for the industry [3] Real Estate Market Analysis - CICC indicates that the real estate market's performance may primarily be driven by beta factors in 2026, with January's second-hand housing transaction volume stabilizing month-on-month and showing a narrowing year-on-year decline [4] - The transaction volume index for second-hand residential properties in 80 cities decreased by 3% month-on-month and also by 3% year-on-year [4] - Recent policy changes and improvements in supply-side conditions are expected to create investment opportunities in the real estate and property management sectors [4]

智通财经APP获悉，中信建投发布研报称，字节Seedance2.0视频模型发布，多模态模型能力跃升，有望革新影视赛道，持续看好AI漫剧：1) 漫剧是少有的被大模型替代风险小、行业高增的赛道。对比影视和游戏，大模型现已基本满足漫剧创作需求。漫剧制作公司是大模型公司的 下游应用方，被大模型替代的风险小。2)Token需求大，模型公司扶持行业发展。根据不同漫剧类型，AI漫剧每分钟消耗的token在50万到数 百万不等，单部漫剧创作需要消耗过亿token。大模型公司对漫剧行业给予的各项倾斜和扶持，为行业带来战略机遇期。3)平台竞争激烈，制 作公司有利润空间。各家漫剧平台在漫剧分账、流量等扶持政策持续升级，看好AI漫剧制作公司利润空间增厚。 中信建投主要观点如下： 进入2026年，AI短剧继续高增，且爆款数量大幅增加。据短剧自习室，2026年1月AI短剧单月播放增量超49.73亿，是2025年11月27.77亿播 放增量的近2倍。1月的日上新数量最高接近300部，且1月有13部播放量过亿的AI短剧，大幅超过2025年10月的5部和11月的1部。从市场规模 看，预计2025年漫剧的市场规模接近200亿元，预计2026年将 ...

Core Viewpoint - Recent global risk appetite has increased, with significant net inflows into large-cap equity funds in the US and globally, while small-cap equity funds continue to experience net outflows [1] Group 1: Fund Flows - Large-cap growth equity funds in the US have seen substantial net inflows [1] - Global large-cap equity funds have also attracted considerable net inflows [1] - US fixed income funds recorded the highest net inflows, although the monthly inflow scale has decreased [1] Group 2: Market Trends - There is a notable trend of increased allocation to global risk assets [1] - Investment interest in emerging markets continues to rise [1] - Preference for large-cap stocks remains dominant in the current market environment [1] Group 3: Specific Fund Performance - QDII ETFs related to the Hang Seng Technology sector have received significant capital inflows [1] - The Hang Seng Index has experienced slight capital outflows [1]

登录新浪财经APP 搜索【信披】查看更多考评等级 债券简称：姚记转债 债券代码：127104 受托管理人 （住所：北京市朝阳区安立路66号4号楼） 二〇二六年二月 重要声明 3、票面金额和发行价格 （二） 债券主要条款 1、本次发行证券的种类 本报告依据《公司债券发行与交易管理办法》《公司债券受托管理人执业行为准则》《可转换公司债券 管理办法》《深圳证券交易所股票上市规则》《深圳证券交易所上市公司自律监管指引第1号——主板 上市公司规范运作》《深圳证券交易所上市公司自律监管指引第15号——可转换公司债券》《上海姚记 科技股份有限公司向不特定对象发行可转换公司债券之受托管理协议》（以下简称"《受托管理协 议》"）及其它相关信息披露文件以及上海姚记科技股份有限公司（以下简称"发行人"、"姚记科 技"或"公司"）出具的相关说明文件和提供的相关资料等，由受托管理人中信建投证券股份有限公司 （以下简称"中信建投证券"或"受托管理人"）编制。中信建投证券编制本报告的内容及信息均来源于上 海姚记科技股份有限公司提供的资料或说明。 本报告不构成对投资者进行或不进行某项行为的推荐意见，投资者应对相关事宜作出独立判断，而不应 将 ...

Group 1 - The company announced that starting from February 11, 2026, investors can open accounts, subscribe, redeem, and perform regular investment and conversion operations for certain funds through Chuangjin Qifu [1] - The company has signed a supplementary sales agreement with Beijing Chuangjin Qifu Fund Sales Co., Ltd. to enhance service offerings to investors [1] - Investors can enjoy fee discounts when subscribing or performing regular investment and conversion operations through Chuangjin Qifu, with the specifics determined by Chuangjin Qifu [2] Group 2 - The company will suspend subscription, conversion, and regular investment operations for the Ping An Jin Guanjia Money Market Fund from February 12 to February 23, 2026, while redemption and conversion out operations will continue [4][6] - The Ping An Zhongzheng Interbank Certificate of Deposit AAA Index 7-Day Holding Period Securities Investment Fund will also suspend similar operations during the same period [8][10] - The company will resume these operations on February 24, 2026, and will not issue further announcements regarding this resumption [4][8] Group 3 - The company has appointed Fangzheng Securities Co., Ltd. as a liquidity service provider for the Ping An Hang Seng Hong Kong Stock Connect Technology Theme ETF, effective February 11, 2026 [12] - The company has announced the establishment of the Ping An New Sharp Quantitative Stock Selection Mixed Fund, with the fund contract becoming effective on February 11, 2026 [21][22] - The company will handle subscription and redemption operations for the new fund within three months of the fund contract's effectiveness [22]

Core Viewpoint - The recent court ruling involving Jilin Bank's 200 million yuan claim against Zheshang Bank highlights the challenges and risks in the private bond market, particularly regarding the delineation of responsibilities among banks and investors [2][9]. Group 1: Case Background - The dispute centers around the "17 Kangde Investment PPN001" private bond issued by Kangde Investment Group in 2017, with an initial issuance size of 200 million yuan and a coupon rate of 7% [3][4]. - Jilin Bank's investment of 201.51 million yuan was characterized by non-market practices, as the decision was made prior to the bond's issuance and without reliance on disclosure documents [5]. Group 2: Legal Proceedings - Jilin Bank's claim of over 220 million yuan against Zheshang Bank and other intermediaries resulted in consecutive losses in both first and second trials [6][9]. - The court's final ruling emphasized that Jilin Bank's investment decision lacked a causal relationship with any false statements, and Zheshang Bank had conducted thorough due diligence [7]. Group 3: Industry Implications - The outcomes of both Jilin Bank and Jiangxi Bank's cases, which involved similar claims and resulted in identical rulings, signal a clear judicial stance on the responsibilities within the private bond market [9]. - Industry experts suggest that these rulings serve as a warning for financial institutions, emphasizing the importance of pre-investment risk management over post-investment claims [9].

据烯牛数据统计，以收盘价65.94元/股估算，电科蓝天的上市前投资方中，8个投资方浮盈超10亿元。 招股书显示，电科投资、中信建投投资等8个股东参与电科蓝天的上市前投资，且浮盈都在10亿元以上。 | 投资机构 | 投资实体 | 首次投资日期 成本(万元) | | IRR MOC 收益(亿元) | | | --- | --- | --- | --- | --- | --- | | 电科投资 | 中电科投资控股有限公司 | 2022-05-27 19872.49 | 131.65% | 23.34 | 44.40 | | 中信建投投资 | 中信建投投资有限公司 | 2022-05-27 16488.15 | 141.59% | 27.32 | 43.40 | | 中信建投资本 | 长三角(嘉兴)战略新兴产业投资合伙企业(有限合伙) | 2022-05-27 5000.00 | 131.65% | 23.34 | 11.17 | | 航天高新创投 | 江苏航天创新专利投资中心（有限合伙） | 2022-05-27 13459.46 | 131.65% | 23.34 | 30.07 | | 国改双百发展基金 国新双 ...

Core Viewpoint - The successful IPO of Electric Science and Technology Blue Sky on the STAR Market marks it as the first aerospace IPO of the year, with a significant first-day price increase of 596.3% from the issue price, leading to a total market capitalization of 114.53 billion yuan [2]. Company Overview - Electric Science and Technology Blue Sky, formerly known as Tianjin Blue Sky Power Company, operates in three main business segments: aerospace power, special power, and new energy applications and services [2]. - The aerospace power segment has provided reliable power products for over 700 satellites, spacecraft, and space stations, including major national projects such as the Shenzhou spacecraft and the Tiangong space station [2]. Investment Insights - According to statistics, at the closing price of 65.94 yuan per share, eight pre-IPO investors in Electric Science and Technology Blue Sky have seen profits exceeding 1 billion yuan [2]. - The major pre-IPO investors include Electric Science and Technology Investment and CITIC Construction Investment, both of which have reported substantial returns on their investments [3][4]. Financial Performance of Investors - Electric Science and Technology Investment, a wholly-owned subsidiary of China Electronics Technology Group, invested 198.72 million yuan and achieved a floating profit of 4.44 billion yuan, resulting in a 23.34 times return on investment [3][4]. - CITIC Construction Investment contributed 164.88 million yuan, yielding a floating profit of 4.34 billion yuan, equating to a 27.32 times return [3][4]. - Other investors, such as Aerospace High-tech Venture Capital and various state-owned industrial funds, also participated in the financing round, contributing to the overall investment landscape [4].

2月10日，潍柴重机涨5.02%，截至发稿，报36.38元/股，成交5.03亿元，换手率6.29%，总市值168.75亿 元。 从潍柴重机十大流通股东角度 数据显示，中信建投基金旗下1只基金位居潍柴重机十大流通股东。中信建投低碳成长混合A （013851）三季度新进十大流通股东，持有股数139万股，占流通股的比例为0.61%。根据测算，今日 浮盈赚取约241.86万元。 中信建投低碳成长混合A（013851）成立日期2021年12月13日，最新规模1.86亿。今年以来收益 11.55%，同类排名1030/8880；近一年收益13.03%，同类排名5965/8127；成立以来亏损40.5%。 中信建投低碳成长混合A（013851）基金经理为周紫光。 截至发稿，周紫光累计任职时间8年262天，现任基金资产总规模8.46亿元，任职期间最佳基金回报 48.27%， 任职期间最差基金回报-44.94%。 声明：市场有风险，投资需谨慎。 本文基于第三方数据库自动发布，不代表新浪财经观点，任何在本 文出现的信息均只作为参考，不构成个人投资建议。如有出入请以实际公告为准。如有疑问，请联系 biz@staff.sina.com ...

Group 1 - The company, Meixinsheng (688458.SH), has disclosed its performance forecast for the year 2025, expecting revenue between 540 million to 600 million yuan, an increase of 135 million to 195 million yuan compared to the previous year, representing a growth rate of 33.33% to 48.15% [1] - The company anticipates a net loss attributable to shareholders of the parent company between 16 million to 13 million yuan for 2025, which is a reduction in loss of 50.5 million to 53.5 million yuan compared to the previous year, indicating a year-on-year decrease in loss of 75.94% to 80.45% [1] - The expected net profit attributable to shareholders of the parent company, excluding non-recurring gains and losses, is projected to be between 38 million to 32 million yuan in loss, which is a reduction in loss of 55 million to 61 million yuan compared to the previous year, reflecting a year-on-year decrease in loss of 59.14% to 65.59% [1] Group 2 - In 2024, the company reported a revenue of 404 million yuan, a year-on-year decrease of 14.43%, and a net loss attributable to shareholders of the parent company of 66.57 million yuan, compared to a profit of 30.15 million yuan in the previous year [2] - The net profit attributable to shareholders of the parent company, excluding non-recurring gains and losses, was a loss of 93.08 million yuan in 2024, compared to a profit of 6.17 million yuan in the previous year [2] - The company generated a net cash flow from operating activities of -77.08 million yuan in 2024, compared to -153 million yuan in the previous year [2] Group 3 - Meixinsheng was listed on the Shanghai Stock Exchange's Sci-Tech Innovation Board on May 22, 2023, issuing 20.01 million shares at a price of 75.00 yuan per share, but the stock is currently trading below its issue price [2] - The total amount raised by the company was 1.50075 billion yuan, with a net amount of 1.3764831 billion yuan, exceeding the originally planned fundraising amount by 376.4831 million yuan [2] - The funds raised are intended for projects including LED intelligent lighting driver chip R&D, wireless charging chip R&D, wired fast charging chip R&D, signal chain chip R&D, and to supplement working capital [2] Group 4 - The company announced a profit distribution plan on June 21, 2024, proposing a cash dividend of 1.00 yuan per 10 shares (including tax) and a capital reserve transfer of 4 shares for every 10 shares, with the record date for the distribution set for June 26, 2024 [3]