Core Viewpoint - The National Cybersecurity Incident Response Center reported that 64 mobile applications are illegally collecting and using personal information, including apps from seven financial institutions [1][2][3]. Summary by Sections Violations Identified - The 64 mobile applications are associated with 13 types of violations, with three major categories being highlighted: 1. Privacy policies not clearly listing the purposes, methods, and scope of personal information collection, affecting 25 apps including those from Longjiang Bank and Shengan Securities [5]. 2. Failure to provide users with a way to withdraw consent for personal information collection, impacting 30 apps including those from Industrial Securities and Hainan Airlines [6]. 3. Lack of appropriate security measures such as encryption and de-identification, involving 29 apps including those from Chengtong Securities and Zhilian Recruitment [7]. Types of Applications Affected - The identified applications span various sectors, including dining, gaming, recruitment, social networking, life services, and financial services. Notable brands like Starbucks and several tea brands were also mentioned [9]. Financial Institutions Involved - The financial institutions implicated include four securities firms and three banks, with specific versions of their applications listed. For instance, Chengtong Securities (version 6.0.3.0) and Longjiang Bank (version 2.00.03) are among those noted [9]. Previous Reports and Ongoing Actions - Since 2025, the National Cybersecurity Incident Response Center has released six lists of violating mobile applications, with several financial institutions previously named. The ongoing initiative aims to address typical violations and ensure the protection of personal information [10].

Group 1 - The core viewpoint is that leading companies are accelerating diversification strategies, leveraging product and channel barriers to create growth engines [1] - Dongpeng Beverage is recommended for its stable main business growth and expanding second curve growth potential, with energy drinks growing faster than the industry average and increasing market share [1] - Nongfu Spring is highlighted for its nationwide distribution network and water source barriers, maintaining a strong position in packaged water and leading the no-sugar tea segment through continuous innovation [1] Group 2 - The Chinese beverage industry has undergone significant changes over the past 40 years, with structural growth opening new spaces, particularly in bottled water, energy drinks, and ready-to-drink coffee [2] - The market for bottled water is expected to reach a 36% share by 2024, with energy drinks and ready-to-drink coffee growing at rates significantly higher than the overall beverage industry [1][2] - The growth of low-sugar carbonated drinks, coconut water, and 100% fruit juice is notable, with respective CAGR from 2010 to 2024 of 30%, 25%, and 8% [1] Group 3 - Different beverage categories have varying growth cycles, with long-cycle products like packaged water and energy drinks showing upward trends, while short-cycle products may face long-term limitations [2] - The penetration rate of no-sugar tea in China was only 7.7% in 2022, indicating significant growth potential compared to Japan [2] - The long-term ceiling for major products in the beverage sector is projected to exceed 20 billion yuan for bottled water, carbonated drinks, and energy drinks, with traditional tea drinks and no-sugar tea also having substantial ceilings [3]

智通财经APP获悉，兴业证券发布研报称，调光汽玻产业趋势加速，未来放量可期。调光天幕能够有效 解决前阶段全景天幕防晒隔热问题，侧玻隐私功能提升，看好产业趋势放量。调光汽玻价值量提升将带 动单车玻璃ASP向上，玻璃附加值增加，打开汽玻业务新成长点，重点推荐福耀玻璃。调光汽玻产品中 调光膜附加值占比较高，国产化趋势较为明显的为EC、PDLC和LC，现阶段PDLC调光膜国产化进展领 先，综合成本相对较低，PDLC黑膜是成熟技术的改良版，后续伴随大规模量产后配套车型价格带预计 下探，未来放量趋势可期，建议关注海优新材。 兴业证券主要观点如下： 比亚迪等头部车企率先推动辅助驾驶平权加速，智能化渗透率进入爆发期，中短期来看辅助驾驶仍然是 成本项，但却能够有效带动汽车座舱和外观智能化消费;另外当前整车偏同质化的背景下，寻找差异化 卖点成为主机厂卷配置的迫切需求;调光天幕打消消费者对天幕"不防晒"的顾虑，有效解决了消费者此 前对天幕玻璃的主要痛点，该行判断调光天幕渗透率预计加速。 调光汽玻逐步从高端豪华走向主流大众，调光天幕有望成为热门趋势 调光玻璃2025年成为主流新车的热门趋势，主要用于天幕，包括智己L6、问界M9、尊界 ...

Group 1 - The core viewpoint is that the semiconductor materials industry is expected to benefit from a recovery in demand and the ongoing trend of domestic substitution, leading to growth opportunities in the sector [1][2][3] - The global semiconductor materials market is projected to reach approximately $67.5 billion in 2024, with a year-on-year growth of 3.8%, following a downturn in 2023 [2] - The domestic wafer manufacturing capital expenditure remains high, which, combined with the recovery in demand, is expected to drive stable growth in materials and other operational expenditure (Opex) businesses [2][3] Group 2 - The domestic semiconductor materials market has seen significant progress in domestic substitution, with over 40% localization rates in silicon wafers, wet electronic chemicals, CMP materials, and target materials [3] - In 2024, the total revenue of selected semiconductor materials companies in China is estimated to be around 34 billion yuan, reflecting a year-on-year increase of 20%, primarily driven by the recovery in downstream terminal demand [3] - However, the net profit for these companies is expected to decline by 35% year-on-year, largely due to losses from companies like Shanghai Silicon Industry and Li'an Micro, which are affected by intensified competition and falling silicon wafer prices [3]

Core Viewpoint - The chairman of Huafu Securities, Su Junliang, has resigned due to work reasons and has taken up a new position as the Party Secretary of Industrial Securities [1] Group 1 - Su Junliang submitted his resignation letter on June 12, 2023, requesting to step down from his roles including chairman of Huafu Securities [1] - Huafu Securities expressed heartfelt gratitude for Su Junliang's significant contributions to the company [1] - On June 11, 2023, Industrial Securities held a cadre meeting to announce Su Junliang's appointment as Party Secretary, following the resignation of the former Party Secretary, Yang Huahui, due to age-related reasons [1]

Group 1 - The A-share market has rebounded with a trading volume exceeding 1.2 trillion yuan, indicating a recovery in investor sentiment [1] - The leading securities ETF (560090) saw a significant increase in trading volume, rising by 1.65% with a turnover of nearly 95 million yuan, marking a 148% increase compared to the previous trading day [1][3] - Major components of the securities ETF index all experienced gains, with notable increases from Huaxin Co. and Dongwu Securities, both rising over 4% [3] Group 2 - In May 2025, fixed asset investment in China reached 191,947 billion yuan, reflecting a year-on-year growth of 3.7% [4] - The retail sales of consumer goods totaled 41,326 billion yuan in May, showing a year-on-year increase of 6.4% [4] - The industrial added value for large-scale enterprises grew by 5.8% year-on-year in May, indicating stable economic performance [4] Group 3 - The overall economic operation in May 2025 was stable, providing support for the upward movement of A-share listings [5] - The securities industry has shown significant recovery in performance, with a continuous increase in trading volume and a favorable policy environment [5][6] - The self-operated income of listed securities firms has maintained rapid growth, contributing to the overall performance recovery of the industry [5] Group 4 - The merger and acquisition market remains active, with several significant transactions and restructuring efforts underway, which are expected to enhance the synergy effects within the industry [6] - The valuation of the securities sector remains low, with the latest price-to-book ratio at 1.38x, indicating strong investment value [10] - The securities ETF (560090) tracks the CSI All Share Securities Companies Index, providing an efficient investment tool for exposure to the securities sector [10]

本周观点聚焦 周观点 持续聚焦核心龙头及边际变化 聚焦核心龙头及边际变化。 当前，正进入半年末，市场风险偏好波动可能加大，确定性将成为投资的核心抓手。 对计算机行业而言，目前板块位置及持仓水平较低，建议从两方面把握确定性： 1 ）底部的核心龙头，特别是 AI 及国产化领域的龙头； 2) 边际变化较大的细分领域及个股。 重点加仓 AI 应用细分领军。 在大模型持续迭代及算法平权的背景下， AI 应用正加速发展，数据、场景及行业 Know-How 正成为 Agent 厂商竞争的关键要素。在本周的火山引擎 Force 原动力大会中，豆包 1.6 及视频生成 大模型 Seedance1.0 pro 正式发布，有望带动多模态发展提速。 关注金融 it 产业政策红利。 在全球经贸环境变化及国内金融市场高质量发展的背景下，一方面流动性存在进一 步宽松的可能性，同时并购重组与创新业务均有空间。继稳定币相关政策后， 2025 陆家嘴论坛将于 6 月 18 日 在上海开幕，有望进一步释放产业政策红利。 点击上方"公众号"可订阅哦！ 兴业证券计算机小组 蒋佳霖/孙乾/杨本鸿/陈鑫/张旭光/杨海盟/桂杨 1、本周 观 点： 持续聚焦 ...

证券代码：601377 证券简称：兴业证券 公告编号：临 2025-023 兴业证券股份有限公司 关于2024年年度股东大会增加临时提案的公告 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。 一、股东大会有关情况 (一)股东大会的类型和届次： （二）股东大会召开日期：2025 年 6 月 23 日 （三）股权登记日 股份类别 股票代码 股票简称 股权登记日 Ａ股 601377 兴业证券 2025/6/16 二、增加临时提案的情况说明 （一）提案人：福建省财政厅 （二）提案程序说明 公司已于2025 年 6 月 3 日公告了股东大会召开通知，单独持有20.49%股份 的股东福建省财政厅，在2025 年 6 月 13 日提出临时提案并书面提交股东大会召 集人。股东大会召集人按照《上市公司股东会规则》有关规定，现予以公告。 （三）临时提案的具体内容：公司拟于 2025 年 6 月 23 日召开的 2024 年年 度股东大会增加审议《关于选举非独立董事的议案》，议案的具体内容请见与本 公告同日披露的《兴业证券 2024 年年度股东大会 ...

兴业证券股份有限公司 （SH601377） 2024 年年度股东大会资料 2025 年 6 月 23 日 2024 年年度股东大会资料之会议议程 兴业证券股份有限公司 2024 年年度股东大会议程 会议时间： 现场会议时间：2025 年 6 月 23 日 14:00 网络投票时间：采用上海证券交易所网络投票系统。通过交 易系统投票平台的投票时间为股东大会召开当日的交易时间段， 即 9:15-9:25，9:30-11:30，13:00-15:00；通过互联网投票平 台的投票时间为股东大会召开当日的 9:15-15:00 会议地点： 福建省福州市鼓楼区湖东路 268号兴业证券大厦 9楼会议室 会议召集人：公司董事会 会议主持人：公司董事长 会议议程： 1 一、主持人宣布会议开始 二、宣布股东大会现场出席情况 三、审议议案（含股东发言提问环节） 四、推选监票人和计票人 五、投票表决 六、宣布投票结果 七、律师见证 八、主持人宣布会议结束 2024 年年度股东大会资料之会议须知 兴业证券股份有限公司 2024 年年度股东大会会议须知 为维护全体股东的合法权益，确保股东大会的正常秩序和议 事效率，保证大会的顺利召开，根 ...

证券代码：601377 证券简称：兴业证券 公告编号：临 2025-023 兴业证券股份有限公司 关于2024年年度股东大会增加临时提案的公告 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。 一、股东大会有关情况 (一)股东大会的类型和届次： 2024年年度股东大会 （二）股东大会召开日期：2025 年 6 月 23 日 （三）股权登记日 | 股份类别 | 股票代码 | 股票简称 | 股权登记日 | | --- | --- | --- | --- | | Ａ股 | 601377 | 兴业证券 | 2025/6/16 | 二、增加临时提案的情况说明 （一）提案人：福建省财政厅 （二）提案程序说明 公司已于2025 年 6 月 3 日公告了股东大会召开通知，单独持有20.49%股份 的股东福建省财政厅，在2025 年 6 月 13 日提出临时提案并书面提交股东大会召 集人。股东大会召集人按照《上市公司股东会规则》有关规定，现予以公告。 （三）临时提案的具体内容：公司拟于 2025 年 6 月 23 日召开的 2024 年年 度股东 ...