智通财经APP获悉，香港联交所最新数据显示，8月14日，易方达基金管理有限公司增持国联民生 (01456)23.2万股，每股作价6.6278港元，总金额约为153.76万港元。增持后最新持股数目为4445.4万 股，持股比例为10.04%。 ...

Group 1 - The core point of the article is that E Fund Management Co., Ltd. has increased its stake in Guolian Minsheng (601456) by purchasing 232,000 shares at a price of HKD 6.6278 per share, totaling approximately HKD 1.5376 million [1] - After the purchase, E Fund's total shareholding in Guolian Minsheng reached 44.454 million shares, representing a 10.04% ownership stake [1]

中国经济网北京8月20日讯近岸蛋白(688137.SH)今日收报45.85元，跌幅2.03%。该股目前处于破发状 态。 近岸蛋白于2022年9月29日在上交所科创板上市，发行价格为106.19元/股，发行股票数量为1,754.3860 万股，保荐人(主承销商)为民生证券股份有限公司(现为"国联民生（601456）证券股份有限公司")，保 荐代表人为王璐、黄立超。 近岸蛋白首次公开发行股票募集资金总额为186,298.25万元，扣除发行费用后募集资金净额为174,219.58 万元。该公司最终募集资金净额较原计划多24,219.58万元。近岸蛋白于2022年9月26日披露的招股说明 书显示，其拟募集资金150,000.00万元，拟分别用于诊断核心原料及创新诊断试剂产业化项目、研发中 心建设项目和补充流动资金。 近岸蛋白首次公开发行股票的发行费用总额为12,078.67万元，其中保荐机构民生证券股份有限公司获得 承销保荐费用9,842.17万元。 ...

国联民生（601456）证券发布研报称，维持空调行业"强于大市"评级。当前空调龙头规模优势和一体化 壁垒依旧，即便需求走弱，价格战必要性不大;价格竞争模式边界可见，而能够通过效率实现自由支配 的品牌商利润空间，投向渠道/研发等有战略意义，用于价格战概率或也不大。综上，该行认为空调格 局短期内或不会有太大变化，立恒以适变，中长期趋势变化值得进一步探讨;在内销刺激政策周期内， 关税不确定性减弱的当下，白电估值或有修复空间，建议积极配置。 国联民生证券主要观点如下： 以长虹美菱（000521）-小米产业链作为高效制造模式典型，看制造端成本费用压缩得较为极致的情况 下，终端价格竞争力还有多大的提升空间：首先，整机环节，长虹空调近两年毛利率不到8%，费用率 约5%，压缩空间显然有限，价格端意义不大;向上游看，空调产业人工/折摊占比很低，而占成本90%的 原材料，差异主要来自于大宗采购议价，及通过自配将零部件利润收归体内，两个路径都依赖规模，利 好龙头。 竞争者让利空间在缩小 拆分单台模型，制造商维持良性经营，品牌商毛利为0且渠道极致扁平的极限情形下，估算1.5p挂机空 调终端含税价将近1900元/台，是商业可行范围内的 ...

板块个股多数走强，长城证券4连板，西部证券涨近7%，湘财股份涨超5%，天风证券涨超4%，东方财 富、中信建投等涨超2%。 | | 十八 | | 两日图 | 现价 | | 涨跌幅 | | --- | --- | --- | --- | --- | --- | --- | | | 002939 | 长城证券 | | | 12 | | | 2 | 002673 | 西部证券 | | 9.63 | 0.62 | 6.88% | | 3 | 600009 | 湘财股份 | | 12.40 | 0.62 | 5.26% | | 4 | 601162 | 天风证券 | | 5.77 | 0.23 | 4.15% | | 5 | 300059 | 东方财富 | | 27.42 | 0.66 | 2.41% | | 6 | 600864 | 哈投股份 | | 7.55 | 0.18 | 2 44% | | 1 | 601066 | 中信建投 | | 27.86 | 0.63 | 231% | | 8 | 601059 | 信达证券 | | 18.81 | 0.43 | 2.34% | | 9 | 601456 | 国联民生 | ...

Group 1 - The A-share major indices strengthened, with the ChiNext Index rising over 2%, the Shanghai Composite Index increasing by 0.70%, and the Shenzhen Component Index up by 1.38% [1] - Sectors such as cultural media, consumer electronics, liquid cooling, and gaming saw significant gains, with nearly 4,200 stocks in the Shanghai, Shenzhen, and Beijing markets rising [1] Group 2 - Notable stock performances include: - Changcheng Securities (002939) with a rise of 10.03% and a total market value of 53.5 billion - Xibu Securities (002673) increasing by 7.55% with a market value of 43.3 billion - Xiangcai Shares (600095) up by 4.84% and a market value of 35.3 billion - Tianfeng Securities (601162) rising by 4.33% with a market value of 58.6 billion - Hatao Shares (600864) increasing by 2.99% with a market value of 15.8 billion - Guolian Minsheng (601456) up by 2.43% with a market value of 69.4 billion, but down 9.13% year-to-date - Guohui Securities (600109) rising by 2.40% with a market value of 37.9 billion - Guohai Securities (000750) increasing by 2.22% with a market value of 29.4 billion [2]

| 代码 | 名称 | 9 | 涨幅%↓ | 总市值 | 年初至今涨幅% | | --- | --- | --- | --- | --- | --- | | 002939 | 长城证券 | + | 10.03 | 535亿 | 63.48 | | 002673 | 西部证券 | 1 | 7.55 | 433亿 | 20.34 | | 600095 | 湘财股份 | 1 | 4.84 | 353亿 | 71.53 | | 601162 | 天风证券 | 1 | 4.33 | 586亿 | 29.02 | | 600864 | 哈投股份 | + | 2.99 | 158亿 | 4.12 | | 601456 | 国联民生 | 1 | 2.43 | 694亿 | -9.13 | | 600109 | 国会证券 | 1 | 2.40 | 379亿 | 18.62 | | 000750 | 国海证券 | 楽 | 2.22 | 294亿 | 8.58 | 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！ 格隆汇8月18日｜A股券商股集体上涨，其中，长城证券10CM涨停(4连板)，西部证券涨超7%， ...

Market Overview - US stock market showed mixed performance last Friday, with economic data presenting a varied outlook and market sentiment being cautious ahead of the US-Russia leaders' meeting [2] - The three major indices closed with differing results, while the US dollar declined and the yield on the 10-year Treasury note rose to 4.32% [2] Asian Market Performance - The Hang Seng Index opened higher today, up 0.09% at 25,293.34 points, while the Hang Seng Tech Index increased by 0.40% and the National Enterprises Index rose by 0.21% [2][3] - In the market, tech stocks showed mixed results, with Bilibili rising over 2%, JD.com and Baidu up over 1%, while Lenovo fell nearly 1% [2] - Chinese stocks generally saw gains, with Guolian Minsheng rising over 2% [2] - The innovative drug sector opened mostly higher, with Hansoh Pharmaceutical increasing over 2% [2] - Gold stocks were active, with China Gold International rising over 1% [2] - Some automotive stocks also saw increases, with NIO rising over 5% [2]

Core Viewpoint - The A-share market has seen significant gains recently, particularly in the brokerage sector, which has become a strong market indicator, with the Wind brokerage index rising over 10 percentage points in the last 20 trading days [1][5]. Brokerage Sector Performance - Multiple brokerages are distributing dividends for the 2024 fiscal year, including major firms like Zheshang Securities, Bank of China Securities, Huatai Securities, and others, indicating a trend of increased dividend payouts [1][5]. - The total cash dividends for listed brokerages in 2024 exceed 55 billion, marking an increase of over 10 billion compared to the previous year, setting a historical high [5][6]. Dividend Trends - The new "National Nine Articles" and cash dividend regulations have led to a trend of "multiple dividends per year" among brokerages, with an increase in both frequency and total dividend amounts [5][6]. - Leading brokerages such as Guotai Junan, Huatai Securities, and Citic Securities have reported dividend totals exceeding 3 billion, ranking them among the top in the industry [5][6]. Dividend Payout Ratios - Smaller brokerages like Hongta Securities and Southwest Securities have high dividend payout ratios, with figures reaching 92.6% and 80.76% respectively, indicating a strong commitment to returning profits to shareholders [6][7]. - The new regulations emphasize the importance of cash dividends, with measures in place to encourage companies with low or no dividends to improve their payout policies [6][7]. Strategic Shifts in the Brokerage Industry - The brokerage industry is shifting focus from expansion to enhancing quality and returns, with an emphasis on sustainable profitability and stable dividends [6][7]. - The increase in wealth management and light capital business has contributed to a more stable income base for brokerages, allowing for consistent dividend distributions [7].

北京商报讯（记者 郝彦）8月15日，中国证监会发布关于国联民生证券申请上市证券做市业务资格反馈意见。具体来看，中国证监会要求国联民生证券在30 个工作日内逐项落实下列问题并提供书面回复和电子文档。 中国证监会指出，《证券公司股权管理规定》第十条规定，证券公司从事的业务具有显著杠杆性质，且多项业务之间存在交叉风险的，其控股股东还应 当"最近3年持续盈利，不存在未弥补亏损；最近3年长期信用均保持在高水平，最近3年规模、收入、利润、市场占有率等指标居于行业前列；核心主业突 出，主营业务最近5年持续盈利"。请国联民生证券补充控股股东无锡市国联发展（集团）有限公司（以下简称"国联集团"）2020年至2024年审计报告（合并 口径）、2022年和2024年相关指标行业排名情况、2024年长期信用评级（包括评级展望），并就国联集团是否符合上述条件进行论证。 同时，中国证监会要求国联民生证券补充说明北交所做市和上市基金做市业务的研究支持安排。对公司上市证券做市业务实施方案中的部分不一致的情况以 及"投资决策委员会"和"证券投资决策委员会"是否为同一机构进行说明，并同步更新申请材料相关内容。 此外，中国证监会要求公司就上市证券 ...