登录新浪财经APP 搜索【信披】查看更多考评等级 market中际旭创于2025年9月27日发布第五届董事会第二十三次会议决议公告。本次会议通知于2025年9 月16日以传真、电子邮件等方式发出，并于9月26日上午9:30以通讯方式召开，由董事长刘圣先生主 持，8名董事全部出席，部分高级管理人员及相关人员列席，会议合法有效。 会议审议并通过《关于公司参与投资国泰海通产业基金的议案》。中际旭创拟动用自有资金35,400万 元，认购国泰海通中际旭创科技股权投资基金（昆山）合伙企业（有限合伙，具体名称以工商登记为 准）的出资份额，成为该合伙企业的有限合伙人。投资完成后，公司将持有合伙企业23.60%的出资份 额 。详细内容可查阅公司在中国证监会指定创业板上市公司信息披露网站巨潮资讯网上披露的《中际 旭创关于公司参与投资国泰海通中际旭创产业基金的公告》（公告编号：2025 - 093）。该议案表决结 果为8票赞成、0票反对、0票弃权。 此外，公告还列出备查文件为中际旭创第五届董事会第二十三次会议决议。 点击查看公告原文>> 声明：市场有风险，投资需谨慎。 本文为AI大模型基于第三方数据库自动发布，任何在本文出现的信 ...

Group 1 - The company, Taicheng Light (300570), announced on September 26 that it plans to invest 150 million yuan in the Guotai Haitong Industrial Fund, becoming a limited partner in the partnership [1] - After the investment, the company will hold a 10% stake in the partnership [1] - The fund is expected to invest directly or indirectly in enterprises within specific industries, including but not limited to optical communication, data centers, automotive electronics, robotics, and related industrial chains [1]

Core Insights - The A-share market is experiencing unprecedented trading volume and investor enthusiasm, leading to a "pressure test" for brokerage systems due to high transaction requests [1] - Guotai Junan and Huawei have partnered to develop a new generation of autonomous trading systems, enhancing transaction speed by 90 times compared to traditional systems [1][4] - This technological advancement is not just an upgrade but a revolution in user experience, significantly impacting investment practices [1][9] Trading Experience Transformation - Over 80% of securities transactions are now conducted via mobile devices, necessitating high-performance IT systems to meet modern trading demands [2] - Traditional centralized trading systems struggle with high latency, often resulting in delays during market volatility, which affects user experience and trading efficiency [2] Challenges of Traditional Systems - Traditional centralized architectures face significant challenges in handling high-frequency and high-concurrency trading scenarios [3] New Distributed Core Trading System - The new low-latency trading platform developed by Huawei and Guotai Junan boasts a performance improvement of up to 90 times, reducing transaction confirmation time to just over 200 microseconds [4][6] - The system's architecture is designed to meet the extreme demands for low latency, high concurrency, and reliability in securities trading [6] Performance Metrics - The new system achieves end-to-end latency that is 25% better than industry standards, with an 8-fold increase in throughput and a 5-fold increase in daily order processing capacity [7] - It can support one million transactions per second and handle tens of millions of messages [7] Impact on Investors - The low-latency and high-reliability system enhances trading efficiency and success rates, providing retail investors with a trading experience previously reserved for institutional clients [9] - This technological advancement promotes inclusive finance by breaking down barriers in traditional financial services [9] Industry Benchmark - The collaboration between Guotai Junan and Huawei sets a benchmark for digital transformation in the financial industry, providing a replicable model for other firms [10] - Guotai Junan has achieved several industry firsts, including the separation of core business modules and the application of low-latency technology in large-scale trading systems [10] Recognition and Future Directions - The new trading system has been recognized as a leading technology in China, achieving international standards in low latency and high throughput [11] - Guotai Junan aims to continue its transformation from a follower to a leader in the industry, focusing on AI and smart financial ecosystems [12]

Group 1 - The stock of Suochen Technology (688507.SH) closed at 101.99 yuan, with a decline of 5.13%, currently in a broken state [1] - Suochen Technology was listed on the Shanghai Stock Exchange's Sci-Tech Innovation Board on April 18, 2023, with an issuance of 10,333,400 shares at a price of 245.56 yuan per share [1] - The total funds raised from the initial public offering amounted to 253,746.97 million yuan, with a net amount of 231,574.91 million yuan, exceeding the original plan by 134,684.55 million yuan [1] Group 2 - The company plans to use the raised funds for projects including the construction of a research and development center, an industrial simulation cloud project, the construction of 260 DEMX underwater noise testing instruments, marketing network development, and to supplement working capital [1] - The total issuance costs for the initial public offering were 22,172.06 million yuan (excluding tax), with underwriting fees amounting to 19,231.02 million yuan [1] Group 3 - On June 13, 2023, Suochen Technology announced a profit distribution plan, distributing a cash dividend of 0.15 yuan per share and a capital increase of 0.48 shares for every share held, resulting in a total distribution of 6,200,010 yuan in cash and an increase of 19,840,032 shares [2] - The total share capital after the distribution was 61,173,432 shares, with the ex-dividend date set for June 20, 2023 [2] - For the 2023 annual profit distribution, the company plans to distribute a cash dividend of 3.80 yuan for every 10 shares and a capital increase of 4.60 shares for every 10 shares, with the ex-dividend date set for June 19, 2024 [2]

Group 1 - The core viewpoint is that excavator sales are expected to grow significantly in August 2025, with total sales reaching 16,523 units, a year-on-year increase of 12.8% [1] - Domestic sales in August 2025 are projected at 7,685 units, reflecting a year-on-year growth of 14.8%, while export sales are expected to be 8,838 units, up by 11.1% [1] - The domestic sales accounted for 47% of total sales in August 2025, while exports made up 53% [1] Group 2 - The average working hours for major construction machinery in August 2025 decreased by 9.45% year-on-year, with excavators averaging 63.3 hours [2] - The operating rate for major construction machinery also declined, with an overall rate of 55.1% in August 2025, down by 6.83 percentage points year-on-year [2] Group 3 - Trade friction risks are considered manageable, as most Chinese construction machinery manufacturers have low exposure to the U.S. market, with companies like XCMG and Zoomlion having less than 1% and around 1% of total revenue from the U.S., respectively [3] Group 4 - Recommended stocks include SANY Heavy Industry, Zoomlion, XCMG, and Hengli Hydraulic, with LiuGong identified as a beneficiary [4]

Group 1 - The core viewpoint of the news is the decline in the stock price of Shanghai Electric Wind Power, which fell by 5.23% to 23.54 CNY per share, with a trading volume of 1.194 billion CNY and a turnover rate of 3.53%, resulting in a total market capitalization of 31.387 billion CNY [1] - Shanghai Electric Wind Power Group Co., Ltd. was established on September 7, 2006, and listed on May 19, 2021. The company specializes in the design, research and development, manufacturing, and sales of wind power generation equipment, as well as providing aftermarket services [1] - The main revenue composition of the company includes product sales at 92.60%, service provision at 5.29%, electricity sales at 1.42%, and other supplementary income at 0.68% [1] Group 2 - From the perspective of fund holdings, one fund under Guotai Haitong Asset Management has a significant position in Shanghai Electric Wind Power. The Guotai Junan SSE STAR Market Composite Price Index Enhanced A (023889) held 418,700 shares in the second quarter, accounting for 1.14% of the fund's net value, making it the ninth-largest holding [2] - The Guotai Junan SSE STAR Market Composite Price Index Enhanced A (023889) was established on April 17, 2025, with a current scale of 170 million CNY and a return of 45.74% since inception [2] - The fund manager, Hu Chonghai, has been in position for 3 years and 287 days, managing total assets of 8.512 billion CNY, with the best fund return during his tenure being 79.31% and the worst being 1.74% [2]

Group 1 - The core point of the news is that Shenzhen Taicheng Light Communication Co., Ltd. experienced a 5% drop in stock price, with a current price of 108.28 yuan per share and a total market capitalization of 24.593 billion yuan [1] - The company was established on December 12, 2000, and went public on December 6, 2016, focusing on the research, production, and sales of optical devices [1] - The main revenue composition of the company includes optical device products at 98.02%, other products at 1.81%, and optical sensing products at 0.17% [1] Group 2 - From the perspective of major fund holdings, one fund under Guotai Haitong Asset Management has a significant position in Taicheng Light, specifically the Guotai Junan CSI 1000 Index Enhanced A fund, which reduced its holdings by 18,200 shares in the second quarter [2] - The fund currently holds 130,600 shares, accounting for 0.88% of the fund's net value, with an estimated floating loss of approximately 744,400 yuan [2] - The Guotai Junan CSI 1000 Index Enhanced A fund was established on August 16, 2022, with a latest scale of 786 million yuan, achieving a year-to-date return of 37.99% and a one-year return of 78.19% [2]

我国零售行业经历了传统零售、电商、新零售的发展过程，即时零售极大缩短履约时间、丰富消费者选 择。近年来我国即时零售规模迅速扩大，2025年外卖大战边际催化，行业有望在未来几年维持双位数增 长。具体到酒水领域，酒类即时零售最早发源于1919、酒小二等垂类平台，2015年前后加速，形成垂 类、平台型、仓店一体型、前置仓型4类渠道模式；与此同时酒企加大布局与合作，酒类即时零售渗透 率显著提升。 酒类即时零售的兴起主要有三方面原因 智通财经APP获悉，国泰海通发布研报称，近年来我国即时零售规模迅速扩大，2025年外卖大战边际催 化，行业有望在未来几年维持双位数增长。回顾历史，白酒周期更替通常伴随渠道变革，当前行业深度 调整，较弱的价格和动销、较高的库存冲击线下传统渠道利润和现金流，而线上渠道仍较为景气，拥抱 即时零售不失为一种应变方式。据美团闪购测算2027年我国酒类即时零售市场规模有望达1000亿元、复 合增速有望接近中双位数，白酒、啤酒等核心品类有望受益。 国泰海通主要观点如下： 即时零售：大盘景气，酒类积极参与 一是消费习惯改变，消费者愈发追求便捷，且临时需求激发后希望快速得到满足。二是契合性价比需 求，压缩流 ...

Core Viewpoint - The A-share market is experiencing increased liquidity and risk appetite, as indicated by the rise in margin trading balances and the performance of brokerage stocks, suggesting a favorable environment for investment in the brokerage sector [2][4]. Group 1: Market Performance - As of September 26, 2025, the CSI All Share Securities Company Index rose by 0.10%, with notable increases in individual stocks such as Xiangcai Co. (7.14%) and Guotou Capital (2.76%) [1]. - The brokerage ETF (512000) has seen a recent increase in trading volume, with a turnover of 0.57% and a total transaction value of 201 million yuan [1]. - The brokerage ETF's scale reached 35.356 billion yuan, marking a one-year high, and its shares totaled 60.448 billion, also a one-year high [1]. Group 2: Margin Trading and Market Sentiment - On September 24, the A-share margin trading balance increased by over 14 billion yuan, reaching a historical high of 2.43 trillion yuan [2]. - The margin trading balance has remained above 2 trillion yuan since August 5, indicating a sustained increase in market risk appetite [2]. - Shanxi Securities noted a significant rise in market trading activity, attributing it to ongoing capital market reforms and supportive financial policies [2]. Group 3: Brokerage Sector Outlook - The continuous increase in margin trading balances reflects an overall improvement in the liquidity environment of the A-share market [2]. - With the ongoing capital market reforms, some brokerages are expected to explore growth opportunities through both external and internal development strategies [2]. - The brokerage ETF is designed to track the CSI All Share Securities Company Index, providing exposure to 49 listed brokerage stocks, with a focus on both leading and smaller brokerages [4].

Group 1 - The core viewpoint of the news is that Huahai Qingke has experienced a significant stock price increase, rising 5.48% to 165.77 yuan per share, with a total market capitalization of 58.584 billion yuan and a cumulative increase of 33.19% over the past eight days [1] - Huahai Qingke, established on April 10, 2013, specializes in the research, production, sales, and technical services of semiconductor equipment, with 87.70% of its revenue coming from CMP/thinning equipment sales [1] - The stock has a trading volume of 674 million yuan and a turnover rate of 1.16% [1] Group 2 - According to data from the top ten holdings of funds, Guotai Haitong Asset Management has a fund that heavily invests in Huahai Qingke, with the Guotai Junan Value Selection Mixed Fund A (016382) holding 2,814 shares, representing 3.41% of the fund's net value [2] - The fund has seen a floating profit of approximately 24,200 yuan today and a total floating profit of 110,200 yuan during the eight-day increase [2] - The Guotai Junan Value Selection Mixed Fund A was established on August 9, 2022, with a current size of 9.2576 million, and has recorded a year-to-date return of 5.23% [2]