Core Viewpoint - The company, Guangshen Railway Co., Ltd., is scheduled to hold a performance briefing for the third quarter of 2025 on October 31, 2025, to discuss its operational results and financial status with investors [2][3]. Group 1: Meeting Details - The performance briefing will take place on October 31, 2025, from 09:00 to 10:00 [5]. - The meeting will be held at the Shanghai Stock Exchange Roadshow Center and will be conducted in an interactive online format [4][5]. - Investors can submit questions from October 24 to October 30, 2025, through the Roadshow Center website or via the company's email [2][6]. Group 2: Participation Information - Investors can participate in the briefing by logging into the Shanghai Stock Exchange Roadshow Center on the scheduled date and time [4][5]. - The company will address commonly asked questions during the briefing, ensuring transparency and engagement with investors [3][6]. - After the meeting, investors can access the details and main content of the briefing on the Roadshow Center website [6].

证券代码：601333 证券简称：广深铁路 公告编号：2025-019 关于召开 2025 年第三季度业绩说明会的公告 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： 投资者可于 2025 年 10 月 24 日（星期五）至 10 月 30 日（星期四）16:00 前登录上证路 演中心网站首页点击"提问预征集"栏目或通过公司邮箱 ir@gstlgs.com 进行提问。公司将 在说明会上对投资者普遍关注的问题进行回答。 广深铁路股份有限公司（以下简称"公司"）定于 2025 年 10 月 31 日发布公司 2025 年第三季度报告，为便于广大投资者更全面深入地了解公司 2025 年第三季度经营结果、财 务状况，公司计划于 2025 年 10 月 31 日（星期五）上午 09:00-10:00 举行 2025 年第三季度 业绩说明会，就投资者关心的问题进行交流。 一、 说明会类型 广深铁路股份有限公司 会议召开时间：2025 年 10 月 31 日（星期五）09:00-10:00 会议召开地点：上海证券交易所上证路 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本文件的內容概不負 責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本檔全部或 任何部份內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 於其他市場發佈的公告 獨立非執行董事 本公告乃根據《香港聯合交易所有限公司證券上市規則》第 13.10B 條而作出。 茲載列廣深鐵路股份有限公司（「本公司」）在上海證券交易所網站刊登的《關 於召開 2025 年第三季度業績說明會的公告》，僅供參閱。 承董事會命 廣深鐵路股份有限公司 公司秘書 唐向東 中國·深圳 2025 年 10 月 22 日 於本公告發出之日，本公司董事會成員包括： | 執行董事 | 非執行董事 | 獨立非執行董事 | | --- | --- | --- | | 蔣輝 | 胡丹 | 湯小凡 | | 陳少宏 | 張哲 | 邱自龍 | | 非執行董事 | | --- | 周尚德 王琴 證券代碼：601333 證券簡稱：廣深鐵路 公告編號：2025-019 廣深鐵路股份有限公司 關於召開 2025 年第三季度業績說明會的公告 本公司董事會及全體董事保證本公告內容不存在任何虛假記載、誤導性陳述 ...

Core Viewpoint - The article discusses the performance of deep value fund managers during different market conditions, highlighting their underperformance in the current bull market compared to growth-style fund managers, particularly in sectors like technology and innovation [4][20]. Group 1: Performance Comparison - In the past three years of bear markets, deep value fund managers performed relatively well, with many managing over 10 billion in assets [5]. - As of September 24, 2023, mainstream deep value fund managers like Xu Yan and Jiang Cheng had annual returns below 20%, while the average return of the CSI Active Equity Fund Index reached 34.11% [6][12]. - The article notes that deep value fund managers typically focus on low-valuation, stable companies, which leads to lower returns in bull markets but better performance in bear markets [14][19]. Group 2: Investment Philosophy - Deep value fund managers invest from an owner's perspective, focusing on long-term intrinsic value rather than short-term market fluctuations [16]. - They emphasize "quality and price," seeking high-quality companies that are undervalued due to market sentiment [17]. - Safety margins are crucial in their investment decisions, as they aim to protect against errors and downside risks [17][18]. Group 3: Market Trends and Strategies - The current bull market has favored growth-style funds, particularly those heavily invested in technology, with some achieving over 200% annual returns [7]. - Deep value fund managers often hold significant positions in traditional sectors like finance and real estate, which have underperformed in the current market [14][19]. - The article suggests that deep value funds should be considered for core portfolio allocations, especially for conservative investors [23][24]. Group 4: Selection Criteria - Not all low-valuation stocks represent deep value; some may belong to contrarian or cyclical strategies [29]. - Investors should focus on the stability of deep value fund managers' styles, as many have shifted towards growth or other strategies over time [36][38]. - The article advises that deep value funds can serve as a bottom-layer allocation in a diversified portfolio, balancing risk and return [24][26].

Group 1 - The core point of the article is that Gree Jin Investment, a shareholder of ST Changyuan, plans to reduce its stake in Changyuan Group by up to 39.5634 million shares, which accounts for approximately 3% of the company's total share capital [1] Group 2 - The reduction will take place through centralized bidding from October 10, 2025, to January 7, 2026 [1]

Core Viewpoint - Gree Jin Investment plans to reduce its stake in ST Changyuan (600525.SH) by up to 39.5634 million shares, representing approximately 3% of the company's total share capital, within a 90-day period starting from October 10, 2025, to January 7, 2026, excluding any legally prohibited periods for share reduction [1] Summary by Relevant Sections - **Share Reduction Details** - Gree Jin Investment will reduce its holdings through centralized bidding on the stock exchange [1] - The reduction is voluntary and follows the announcement [1] - **Ownership Structure** - ST Changyuan has no controlling shareholder or actual controller [1] - Post-reduction, if other shareholders' rights change, Gree Jin Investment may no longer be the largest shareholder of ST Changyuan [1]

Group 1 - Goldman Sachs reported that the net profit performance of Guangzhou-Shenzhen Railway (0525.HK) for the first half of the year met expectations [1] - The adjusted profit forecasts for 2019-2021 have been lowered by up to 4.2% to reflect the new international financial reporting standards regarding operating leases [1] - The target price for H-shares has been reduced from HKD 3.75 to HKD 3.4, while the target price for A-shares has been adjusted from RMB 4.4 to RMB 4.25, maintaining a "Buy" rating [1] Group 2 - Goldman Sachs indicated that with the completion of major maintenance cycles last year, related costs are expected to decrease, leading to a projected recovery in annual profits for Guangzhou-Shenzhen Railway [2]

格隆汇9月30日丨广深铁路股份(00525.HK)宣布，董事会将于2025年10月30日(星期四)上午九时三十分 举行会议，以考虑及批准(其中包括)刊发公司及附属公司截至2025年9月30日止九个月未经审核的第三 季度业绩公告。 ...

格隆汇9月30日丨广深铁路股份(00525.HK)宣布，董事会将于2025年10月30日(星期四)上午九时三十分 举行会议，以考虑及批准(其中包括)刊发公司及附属公司截至2025年9月30日止九个月未经审核的第三 季度业绩公告。 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容而產生或因倚 賴該等內容而引致的任何損失承擔任何責任。 | 執行董事 | 非執行董事 | 獨立非執行董事 | | --- | --- | --- | | 輝 蔣 | 胡丹 | 湯小凡 | | 陳少宏 | 張哲 | 邱自龍 | | 周尚德 | | 王琴 | (於中華人民共和國註冊成立之股份有限公司) 公司秘書 （股份代號：00525） 中國深圳 二零二五年九月三十日 於本公告發出之日，董事會成員包括： 董事會會議通告 廣深鐵路股份有限公司（「本公司」）的董事會（「董事會」）謹此宣佈，董事會將 於二零二五年十月三十日（星期四）上午九時三十分舉行會議，以考慮及批准（其中 包括）刊發本公司及附屬公司截至二零二五年九月三十日止九個月未經審核的第三季 度業績公告。 承董事會命 廣深鐵路股份有限公司 唐向東 ...