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！ 来源：金石杂谈 12月12日消息，最近两天一则天风证券（维权）司法案件引发圈内关注。根据天眼查，12月11日，天风 证券股份有限公司上海证券自营分公司起诉郭某相关劳动合同纠纷案件迎来民事二审。劳动纠纷、郭 某，很明显，被告人正是天风证券前副总裁郭胜北。 | | BOHNBROTHIN | | 看会用 如在板 重炎系 重庆龄 | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | CRIPAC STREET BE FREE FREE | 天风正都設約南環公司上海正務回置分公司 | | 0 天殿一下 | | 監 应用 · 廣多合作 全立成产品· ★ 开通会员, 魚 證券 | | | 17192 | | | | | | | | | | 基本信息 42 | | 法律诉讼 4 | 经营风险 1 | | 经营信息 32 | 公司发展 | 知识产权 | 历史使息 5 C | | 司大量件 3 | 开盘公管 2 | 股利文书 1 | 进院公告 0 吸制消息� 0 ...

Core Viewpoint - Tianfeng Securities plans to issue bonds in the overseas market to expand financing channels and enhance the international financing capabilities of its subsidiary, Tianfeng International, which is crucial for deepening its international market presence [1] Group 1: Investment Banking Business - Tianfeng International's investment banking division provides comprehensive, professional, and highly customized financial services, including IPO sponsorship, stock underwriting, and pre-IPO financing [2] - In 2025, Tianfeng International successfully completed a HKD 1.1625 billion placement project for China Ruyi, optimizing the company's capital structure [2] - The firm also acted as the sponsor for Baima Tea's IPO, assisting in raising a total of HKD 450 million, thereby enhancing the company's value and core competitiveness [2] - The focus areas include artificial intelligence, advanced manufacturing, and biomedicine, aiming to create a high-quality investment banking service system [2] Group 2: Asset Management Business - Tianfeng International's asset management division aims to provide diverse cross-border asset management solutions for global investors, leveraging its Qualified Foreign Institutional Investor (QFII) status [3] - The company is developing global cross-border industrial investments and has established partnerships with domestic and international industry leaders, focusing on cutting-edge sectors like new energy and high-end manufacturing [3] - The goal is to offer comprehensive asset management services that cater to different risk preferences, striving for long-term stable investment returns [3] Group 3: Brokerage Business - Tianfeng International integrates its business capabilities with the latest financial technology and internet innovation to provide efficient and high-quality solutions in brokerage and wealth management [3] - In 2025, the retail brokerage business experienced rapid growth, with a year-on-year increase exceeding 100% [3] - The company is committed to building an innovative brokerage infrastructure and will increase investments in financial technology to drive digital transformation in financial services [3] Group 4: Future Outlook - Tianfeng International will continue to uphold values of professionalism, innovation, collaboration, and win-win outcomes, aiming to expand service boundaries and innovate business models [4] - The company seeks to respond accurately to diverse financing and international development needs of enterprises, positioning itself as a professional engine for stable growth in the real economy [4]

上海市杨高南路 729 号陆家嘴世纪金融广场一号楼 40 层 邮编：200127 电话：（8621）61060889 传真：（8621）61060890 40 Floor, Lujiazui Century Financial Plaza, No.729 South Yanggao Road, Shanghai 200127, P.R.China Tel：（8621）61060889 / Fax：（8621）61060890 北京市君泽君（上海）律师事务所 关于天风证券股份有限公司 2025 年第六次临时股东会的 律师见证意见 致：天风证券股份有限公司 北京市君泽君（上海）律师事务所（以下简称"君泽君"或"本所"）接受天风 证券股份有限公司（以下简称"公司"）委托，委派律师出席公司于 2025 年 12 月 12 日召开的 2025 年第六次临时股东会（以下简称"本次股东会"），并根据《中 华人民共和国证券法》（以下简称"《证券法》"）、《中华人民共和国公司法》 （以下简称"《公司法》"）及《上市公司股东会规则》等法律、法规及规范性文 件和《天风证券股份有限公司章程》（以下简称"《公司章程》"）的规定，就本 ...

证券代码：601162 证券简称：天风证券 公告编号：2025-075 天风证券股份有限公司 2025年第六次临时股东会决议公告 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： 本次会议是否有否决议案：无 一、 会议召开和出席情况 (一)股东会召开的时间：2025 年 12 月 12 日 (二)股东会召开的地点：湖北省武汉市武昌区中北路 217 号天风大厦 3 楼会议室 (三)出席会议的普通股股东和恢复表决权的优先股股东及其持有股份情况： 表决情况： | 股东类 | | 同意 | | 反对 | | 弃权 | | | --- | --- | --- | --- | --- | --- | --- | --- | | 型 | | 票数 | 比例（%） | 票数 | 比例 | 票数 | 比例 | | | | | | | （%） | | （%） | | A | 股 | 3,866,213,873 | 99.5676 | 14,421,380 | 0.3713 | 2,367,300 | 0.0611 | | 1、出席会 ...

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！ 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！ 来源：五道口的猫 | | | | 同事出利 | | | | | --- | --- | --- | --- | --- | --- | --- | | 国法院 | 血(八枝) 10:30:00 | 26市第一中级人，第二十三法 2025-12-11 (2025) 准01月降 2007年6月1日，我(八格) 10:30:00 12766号 | 庭(坏境 | 天风证券股份有限公 | 製密北 | 其他 | | | | | 区、执行 | F | | | | | | | (硬度(GS) | | | | 近日，上海开庭公告显示，天风证券（维权）上海自营分公司，起诉郭胜北，12月11日开庭，上海一中 院开庭。 郭胜北曾担任天风证券副总裁，在天风证券任职期间，他兼任上海证券自营分公司总经理，负责自营业 务。22年7月，郭胜北辞去副总裁职务 2023年8月，郭胜北通过社交平台发布《八问天风证券原常务副总裁翟晨曦》的公开信，实名举报天风 证券董事长余磊等人。他说：自己曾多次预警信用债 ...

除天风证券外，中信建投在晨会上指出，在技术革新与政策红利的共同催化下，国内脑机接口公司有望逐步实现商业化应用。中金公司则发布了对造纸行业 2026年的展望，认为浆纸一体化龙头企业有望继续获得超额利润。 声明：市场有风险，投资需谨慎。本文为AI基于第三方数据生成，仅供参考，不构成个人投资建议。 来源：市场资讯 在12月12日的券商晨会上，天风证券发布观点认为，全球固体氧化物燃料电池（SOFC）行业正进入加速扩产阶段。天风证券指出，美国电力供需紧张为 SOFC带来了新的市场机遇。 天风证券在研报中分析，由于电源建设周期长及电网输电能力受限，美国正面临电力紧缺问题。同时，数据中心因其负荷波动极大，对供电可靠性要求极 高。SOFC因其低冗余配置与功率跟踪等优势，被认为更适配数据中心的供电需求。该机构进一步表示，SOFC的平准化度电成本（LCOE）已接近燃气发 电，随着规模化降本，其成本优势有望进一步体现。 ...

Core Viewpoint - Tianfeng Securities has received a notice from the China Securities Regulatory Commission (CSRC) regarding an investigation into alleged violations of information disclosure and illegal financing practices, leading to a formal case being opened against the company [1][3]. Group 1: Announcement Details - On November 28, 2025, Tianfeng Securities announced that it received the CSRC's notice of case filing (No. 0052025018) due to suspected violations of the Securities Law and the Administrative Penalty Law of the People's Republic of China [1][3]. - The CSRC's decision to open a case is based on allegations of illegal information disclosure and financing practices [1][3]. Group 2: Investor Compensation - Investors who purchased Tianfeng Securities (601162) stock before November 28, 2025, and held or sold the stock at a loss on that date may be eligible for compensation, with final conditions to be determined by court rulings [2][5]. - Required documentation for compensation claims includes original trading statements stamped by the brokerage, copies of the investor's ID, and a confirmation of the securities account from the brokerage [5][6]. Group 3: Legal Representation - Lawyer Niu Bin from Shanghai Baiyue Law Firm, who has experience in representing numerous stock compensation cases, stated that investors suffering losses due to the company's violations have the right to seek compensation [4][6]. - The preliminary conditions for compensation registration are based on the announcement and may be subject to change following the CSRC's investigation and administrative penalties [6].

Group 1 - The domestic brain-computer interface companies are expected to gradually achieve commercialization due to technological advancements and supportive policies [2] - Recent milestones in medical research for rehabilitation, communication, and hearing restoration have been noted in the brain-computer interface sector [2] - The National Medical Insurance Administration has initiated a separate pricing project for new brain-computer interface technologies, paving the way for clinical application [2] Group 2 - The global Solid Oxide Fuel Cell (SOFC) market is entering an accelerated expansion phase, driven by power shortages in the U.S. and the need for reliable power supply in data centers [3] - SOFC's low redundancy configuration and power tracking advantages make it suitable for the fluctuating demands of data centers [3] - The Levelized Cost of Electricity (LCOE) for SOFC is approaching that of gas power generation, indicating potential cost advantages with further scale [3] Group 3 - The pulp and paper industry is expected to see continued excess profits for integrated pulp-paper leaders as demand gradually recovers [4] - The supply-demand dynamics for various paper types are changing, with the pulp-paper segment remaining relatively loose [4] - The production capacity for corrugated box paper has nearly concluded, which may lead to a recovery in capacity utilization and an upward adjustment in paper prices [4]

智通财经12月12日讯，市场昨日震荡调整，沪深两市成交额1.86万亿，较上一个交易日放量786亿。板 块方面，商业航天、次新股等板块涨幅居前，福建、房地产等板块跌幅居前。截至昨日收盘，沪指跌 0.7%，深成指跌1.27%，创业板指跌1.41%。 天风证券认为，受到电源建设周期及电网输电能力限制，美国电力紧缺给SOFC发展带来新机遇。数据 中心负荷波动极大，对供电可靠性要求极高。SOFC的低冗余配置、功率跟踪优势，使其更适配数据中 心需求。SOFCLCOE已接近燃气发电，天风证券认为随着规模化降本成本优势有望进一步体现。全球 SOFC进入加速扩产阶段。 中金公司：浆纸一体化龙头有望继续获得超额利润 中金公司发布造纸行业2026年展望称，展望2026年，消费需求仍在温和修复阶段，各类纸种供给变化各 异：浆纸系纸种供需仍然宽松，浆价成为行业补库、及去库关键推动力，浆纸一体化龙头有望继续获得 超额利润；箱板瓦楞纸产能已基本收尾，有望率先走出本轮供需失衡周期，迎来产能利用率修复，吨纸 价格中枢同比抬升的业绩修复行情。 中信建投：国内脑机接口公司有望逐步实现商业化应用 中信建投认为，脑机接口产业链上中游的技术进步带来下游 ...

Core Viewpoint - The development of Solid Oxide Fuel Cells (SOFC) is gaining momentum due to the electricity shortages in the U.S., driven by power construction cycles and transmission capacity limitations [1] Group 1: Market Opportunities - The high reliability requirements for power supply in data centers, coupled with significant load fluctuations, create a favorable environment for SOFC technology [1] - SOFC's low redundancy configuration and power tracking advantages make it particularly suitable for meeting the demands of data centers [1] Group 2: Cost Competitiveness - The Levelized Cost of Energy (LCOE) for SOFC is approaching that of gas-fired power generation, indicating a competitive edge as scaling reduces costs further [1] - The global SOFC market is entering a phase of accelerated capacity expansion, suggesting strong future growth potential [1]