证券代码：601696 证券简称：中银证券 公告编号：2025-043 中银国际证券股份有限公司 关于公司董事辞任的公告 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。 中银国际证券股份有限公司（以下简称"公司"）董事会近日收到董事沈金 艳先生递交的辞呈。 中银国际证券股份有限公司董事会 | 一、离任的基本情况 | | --- | 2025 年 9 月 17 日 | | | | | | | 是否继续在 | 是否存在 | | --- | --- | --- | --- | --- | --- | --- | --- | | 姓名 | 离任职务 | 离任时间 | | 原定任期 | 离任原 | 上市公司及 | 未履行完 | | | | | | 到期日 | 因 | 其控股子公 | 毕的公开 | | | | | | | | 司任职 | 承诺 | | 沈金 | 第二届董 事会董事、 | 年 2025 | 9 | 第二届董 | 工作安 | 否 | | | 艳 | 风险控制 | 月 日 16 | | 事会届满 | 排原因 | | 否 | | ...

Group 1 - The core viewpoint of the news is that Huichuan Technology has seen a significant increase in stock price, with a rise of 5.02% to 84.17 yuan per share, and a total market capitalization of 227.015 billion yuan [1] - Huichuan Technology, established on April 10, 2003, and listed on September 28, 2010, specializes in providing core components for industrial automation and robotics, with a revenue composition of 45.18% from new energy vehicles and rail transit, 42.94% from general automation, and 11.25% from smart elevator electrical [1] - The trading volume for Huichuan Technology reached 5.166 billion yuan, with a turnover rate of 2.66% [1] Group 2 - According to data, a fund under Bank of China Securities holds Huichuan Technology as its third-largest position, with a net value proportion of 3.71% [2] - The Bank of China Securities Growth ETF (159821) reduced its holdings by 2,300 shares in the second quarter, now holding 13,100 shares, resulting in an estimated floating profit of approximately 52,700 yuan [2] - The fund has achieved a year-to-date return of 43.83% and a one-year return of 100.49%, ranking 650 out of 4,222 and 418 out of 3,804 respectively [2] Group 3 - The fund managers of the Bank of China Securities Growth ETF are Liu Xianzheng and Zhang Yimin, with Liu having a tenure of 7 years and Zhang 5 years [3] - Liu's best fund return during his tenure is 118.04%, while Zhang's best return is 20.07% [3] - Both fund managers currently manage a total asset size of 287 million yuan [3]

Group 1 - Zhejiang Rongtai Electric Equipment Co., Ltd. experienced a stock price increase of 5.3%, reaching 109.67 CNY per share, with a trading volume of 1.799 billion CNY and a turnover rate of 8.29%, resulting in a total market capitalization of 39.892 billion CNY [1] - The company, established on April 22, 1998, specializes in the research, production, and sales of high-temperature resistant insulating mica products, with 99.92% of its revenue coming from mica products and 0.08% from other supplementary products [1] Group 2 - According to data, a fund under Bank of China Securities holds a significant position in Zhejiang Rongtai, with the fund "Bank of China Securities Domestic Demand Growth Mixed A" (013755) owning 32,200 shares, accounting for 2.42% of the fund's net value, making it the fourth-largest holding [2] - The fund was established on November 9, 2021, and has a latest scale of 51.129 million CNY, achieving a year-to-date return of 42% and ranking 1327 out of 8174 in its category, with a one-year return of 59.22% and a ranking of 2299 out of 7982 [2] - The fund manager, Liu Hang, has been in position for 2 years and 268 days, with the fund's total asset scale at 11.8 million CNY, and the best and worst returns during his tenure being -8.03% and -11.38%, respectively [2]

北京市中伦（上海）律师事务所 关于中银国际证券股份有限公司 2025 年第二次临时股东会的 法律意见书 致：中银国际证券股份有限公司 北京市中伦（上海）律师事务所（以下简称"本所"）作为中银国际证券股 份有限公司（以下简称"公司"）的常年法律顾问，受公司委托，指派律师出席 公司 2025 年第二次临时股东会（以下简称"本次股东会"）。本所律师根据《中 华人民共和国公司法》（以下简称《公司法》）等相关法律、法规、规范性文件及 《中银国际证券股份有限公司章程》（以下简称《公司章程》）、《中银国际证券股 份有限公司股东会议事规则》（以下简称《股东会规则》）等的规定，通过现场方 式对本次股东会进行见证并出具法律意见。 本所及经办律师依据《证券法》《律师事务所从事证券法律业务管理办法》 和《律师事务所证券法律业务执业规则》等规定及本法律意见书出具日以前已经 发生或者存在的事实，严格履行了法定职责，遵循了勤勉尽责和诚实信用原则， 进行了充分的核查验证，保证本法律意见所认定的事实真实、准确、完整，所发 表的结论性意见合法、准确，不存在虚假记载、误导性陈述或者重大遗漏，并承 担相应法律责任。 为出具本法律意见书，本所律师审查 ...

本次会议是否有否决议案：无 一、 会议召开和出席情况 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： 证券代码：601696 证券简称：中银证券 公告编号：2025-042 中银国际证券股份有限公司 2025年第二次临时股东会决议公告 | 1、出席会议的股东和代理人人数 | 1,286 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 1,415,449,096 | | 3、出席会议的股东所持有表决权股份数占公司有表决权股 | 50.9521 | | 份总数的比例（%） | | (四)表决方式是否符合《公司法》及《公司章程》的规定，股东会主持情况等。 本次会议由公司董事会召集，采取现场投票表决与网络投票表决相结合的方式进 行。本次会议由公司董事长周权先生主持，会议的召集、召开及表决方式符合《公 司法》等法律、法规及《公司章程》相关规定。 (五)公司董事和董事会秘书的列席情况 1、公司在任董事13人，列席13人； 2、董事会秘书刘国强先生列席本次股东会；高级管理人员列席本次股 ...

Group 1 - The core viewpoint of the news is that Aofei Data has experienced a significant stock price increase, with a cumulative rise of 11.36% over four consecutive days, reaching a price of 22.55 yuan per share and a market capitalization of 22.216 billion yuan [1] - Aofei Data's main business involves Internet Data Center (IDC) operations, with IDC services accounting for 82.18% of its revenue and other internet comprehensive services making up 17.82% [1] - The stock has seen a trading volume of 1.767 billion yuan and a turnover rate of 8.03% on the reporting date [1] Group 2 - According to data from the top ten holdings of funds, a fund under Bank of China Securities has increased its holdings in Aofei Data, with a total of 124,700 shares, representing 4.52% of the fund's net value [2] - The fund, Zhongyin Securities Preferred Industry Leaders Mixed A (009640), has achieved a year-to-date return of 60.52% and a one-year return of 87.31% [2] - The fund manager, Song Fangyun, has been in position for 2 years and 267 days, with the best fund return during this period being 24.52% [3]

- The report does not contain any specific quantitative models or factors for analysis[1][2][3] - The report primarily focuses on market trends, style performance, valuation metrics, and fund flows without detailing any quantitative model construction or factor definitions[26][37][122] - Style performance metrics such as "growth vs dividend," "small-cap vs large-cap," and "momentum vs reversal" are discussed, but no explicit quantitative factor construction or formulas are provided[26][37][123] - The report includes historical valuation and performance metrics for indices and sectors, but these are descriptive statistics rather than outputs of specific quantitative models[62][70][80] - The methodology for calculating style crowding and cumulative excess returns is briefly mentioned in the appendix, but no detailed quantitative model or factor construction process is elaborated[122][123]

Core Insights - The report highlights the current industry allocation of the Bank of China’s multi-strategy system, with significant positions in non-ferrous metals (15.5%), non-bank financials (12.9%), and comprehensive sectors (7.4%) [1] - The average weekly return for the CITIC primary industries is reported at 4.1%, with the best-performing sectors being communication (10.9%), electronics (9.6%), and media (7.3%) [3][10] - The report indicates that the composite strategy has achieved a cumulative return of 25.8% year-to-date, outperforming the CITIC primary industry equal-weight benchmark by 3.0% [3] Industry Performance Review - The best-performing sectors for the week include communication (10.9%), electronics (9.6%), and media (7.3%), while the worst performers are banking (-0.1%), oil and petrochemicals (0.9%), and coal (1.1%) [3][10] - The report provides a detailed breakdown of weekly and monthly performance across various sectors, indicating a strong performance in communication and electronics [11] Valuation Risk Warning - The report employs a valuation warning system based on the PB ratio over the past six years, identifying sectors with high valuation risks. Currently, the retail, media, and computer sectors are flagged for high valuations, exceeding the 95% percentile [12][13] Single Strategy Rankings and Recent Performance - The top three industries based on the high prosperity industry rotation strategy (S1) are non-bank financials, non-ferrous metals, and agriculture [15][16] - The report outlines the performance of various strategies, with S1 showing a significant excess return of 6.2% compared to the benchmark [3] Macro Style Rotation Strategy - The macro style rotation strategy identifies six industries with favorable macro indicators: comprehensive finance, computer, communication, national defense industry, electronics, and media [25][26] - The report emphasizes the importance of macroeconomic indicators in predicting industry performance, utilizing a multi-factor approach to assess exposure to different styles [23][24]

Company Overview - Weichai Heavy Machinery Co., Ltd. is located in Weifang, Shandong Province, and was established on June 28, 1993, with its listing date on April 2, 1998 [1] - The company primarily develops, manufactures, and sells marine power and power generation equipment, including engines ranging from 30 to 12,000 horsepower and integrated power systems [1] - The revenue composition of the company includes: 51.61% from generator sets, 33.89% from engines, 7.28% from aftermarket and others, and 7.23% from parts and processing services [1] Market Performance - On September 15, Weichai Heavy Machinery's stock fell by 5.37%, trading at 48.28 CNY per share, with a transaction volume of 220 million CNY and a turnover rate of 2.81%, resulting in a total market capitalization of 15.996 billion CNY [1] Fund Holdings - According to data, one fund under Bank of China Securities holds a significant position in Weichai Heavy Machinery, specifically the Bank of China Securities New Energy Mixed A Fund (005571), which held 35,200 shares, accounting for 3.01% of the fund's net value, ranking as the ninth largest holding [2] - The fund has a total scale of 27.0731 million CNY and has achieved a year-to-date return of 51.69%, ranking 766 out of 8,246 in its category [2] - Over the past year, the fund has returned 92.32%, ranking 667 out of 8,054 in its category, and since its inception, it has returned 92.45% [2]

Market Overview - The Shanghai Composite Index fell by 0.12% on September 12, with nine industries rising, led by non-ferrous metals and real estate, which increased by 1.96% and 1.51% respectively. The sectors with the largest declines were telecommunications and comprehensive, down by 2.13% and 1.95% respectively [1] - The non-bank financial sector dropped by 1.46%, with a net outflow of 81.38 billion yuan in main funds [1] Fund Flow Analysis - Throughout the day, the main funds experienced a net outflow of 53.64 billion yuan, with six industries seeing net inflows. The non-ferrous metals sector led with a net inflow of 2.168 billion yuan, followed by the construction and decoration sector, which had a daily increase of 0.96% and a net inflow of 721 million yuan [1] - In the non-bank financial sector, 83 stocks were tracked, with 11 rising and 70 falling. Among the stocks with net inflows, Zhongyin Securities topped the list with a net inflow of 57.6998 million yuan, followed by Electric Investment Capital and Guosheng Financial Holdings with inflows of 42.041 million yuan and 32.946 million yuan respectively [2] - The non-bank financial sector had 18 stocks with net outflows exceeding 100 million yuan, with Dongfang Caifu, CITIC Securities, and China Ping An leading the outflows at 1.188 billion yuan, 955 million yuan, and 729 million yuan respectively [2] Sector Performance - The non-bank financial sector's performance was characterized by significant outflows, with major stocks like Dongfang Caifu and CITIC Securities experiencing declines of 1.17% and 1.81% respectively, alongside substantial negative fund flows [2][3] - The detailed fund flow data for the non-bank financial sector indicates that many stocks faced significant outflows, with the top outflowing stocks including Dongfang Caifu, CITIC Securities, and China Ping An, all showing negative fund flow figures [2][3][4]