格隆汇11月14日丨光大证券(06178.HK)公布，公司于近日召开第六届职工代表大会第二次会议，选举梁 毅为公司第七届董事会职工董事，其任期自2025年11月14日起至公司第七届董事会任期届满之日止。 ...

Everbright Securities Company Limited （於中華人民共和國註冊成立的股份有限公司） （股份代號：6178） 董事名單與其角色和職能 光大證券股份有限公司董事會（「董事會」）成員載列如下： 執行董事 趙 陵先生 （董事長） 劉秋明先生 （總裁） 非執行董事 梁毅先生 （職工董事） 馬韌韜女士 連涯鄰先生 潘劍雲先生 尹岩武先生 秦小徵先生 光大證券股份有限公司 任永平先生 殷俊明先生 劉應彬先生 陳選娟女士 呂隨啟先生 1 董事會下設四個委員會。下表提供各董事會成員所屬委員會中所擔任職務之信 息： | 董事委員會 | 薪酬、提名 | 戰略與 | 審計與 | | | --- | --- | --- | --- | --- | | | 與資格審查 | 可持續發展 | 關聯交易控 | 風險管理 | | 董事 | 委員會 | 委員會 | 制委員會 | 委員會 | | 趙陵先生 | | C | | | | 梁毅先生 | | | | | | 劉秋明先生 | | M | | | | 馬韌韜女士 | | M | | M | | 連涯鄰先生 | M | | M | | | 潘劍雲先生 | | ...

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。 光大證券股份有限公司 就董事所知及除本公告中所披露者外，梁毅先生在過去三年沒有在其證券於香港 或海外任何證券市場上市的公眾公司中擔任董事職務；其與本公司任何董事、高 級管理人員、主要股東、控股股東或其各自的附屬公司沒有任何關係，也沒有在 本公司或其任何附屬公司擔任任何職務。於本公告日期，梁毅先生未擁有任何本 公司或其相聯法團股份之權益（按香港《證券及期貨條例》（香港法例第571章）第 XV部所指的定義）。除本公告中所披露者外，梁毅先生確認，沒有任何根據香港 聯合交易所有限公司證券上市規則（「上市規則」）第13.51(2)條(h)至(v)中要求而須 予披露的資料，亦沒有任何須提請股東注意的事項。梁毅先生確認，亦沒有受過 中國證券監督管理委員會（「中國證監會」）或其他有關部門的處罰或證券交易所的 懲戒。 1 Everbright Securities Company Limited （於中華人民共和國註冊成 ...

证券代码：601788 股票简称：光大证券 公告编号：临 2025-033 H 股代码：6178 H 股简称：光大证券 光大证券股份有限公司 关于选举职工董事的公告 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。 梁毅先生简历 梁毅先生，1966 年出生，毕业于中国人民大学，法律硕士。现 任公司工会主席。2000 年加入中国光大集团股份公司，历任法律部 法律处副处长、处长、法律部主任助理、副主任，风险管理与内控合 规部/法律部副总经理，风险管理与内控部/法律部资深专家，总部机 关纪委委员。曾任公司监事长。 除上述简历披露外，梁毅先生与公司及公司其他董事、高级管理 人员、实际控制人、持股 5%以上的股东不存在关联关系，不存在《上 海证券交易所上市公司自律监管指引第 1 号——规范运作》第 3.2.2 条规定的不得担任上市公司董事的情形，未持有公司股票，未受过中 国证监会及其他有关部门的处罚和证券交易所惩戒，非失信被执行人。 2 附件：梁毅先生简历 光大证券股份有限公司董事会 2025 年 11 月 15 日 1 附件： 根据《 ...

Core Insights - Everbright Securities initiates coverage on WeRide with a "Buy" rating, forecasting revenue growth from 587 million RMB in 2025 to 2.017 billion RMB in 2027, highlighting the company's scarcity and premium potential [1] - The company achieved a revenue of 200 million RMB in FY25H1, a year-on-year increase of 32.8%, with product revenue soaring by 230% to 70 million RMB, while service revenue remained stable at 130 million RMB [1] Group 1: Robotaxi Market Dynamics - Continuous optimization of Robotaxi operating costs driven by multiple factors: declining core hardware costs, optimized remote safety personnel ratios, and energy-efficient specialized chips [1] - Policy support in China, including the revised "Autonomous Driving Management Measures (2025 Edition)," facilitates the commercial rollout of L4-level Robotaxi services in major cities, with global market size projected to reach 66.6 billion USD by 2030 [1] Group 2: International Expansion and Technology - WeRide operates in 11 countries and 30 cities, being the only company globally with autonomous driving licenses in seven countries, focusing on high-value markets like the Middle East [2] - The company’s Robotaxi business is expected to thrive in the Middle East, with a projected fleet size exceeding 30,000 vehicles by 2030, supported by a partnership with Uber for fleet expansion [2] - The HPC 3.0 hardware enhances AI computing power to 2000 TOPS and reduces total lifecycle costs by 84%, ensuring robust hardware support for large-scale operations [2]

11月11日，光大证券股份有限公司研究员赵乃迪、胡星月发布研报《和远气体：打造建设电子气体-化 学品集中生产基地新增产能持续放量》称，维持公司25-26年盈利预测，新增27年的盈利预测。预计25- 27年公司归母净利润分别为1.02/1.11/1.21亿元。我们看好公司电子气体-化学品集中生产基地的发展前 景，维持公司"增持"评级。 中国经济网北京11月14日讯和远气体（002971）(002971.SZ)今日跌停，收报35.21元，跌幅9.99%。 ...

Core Viewpoint - Chinese brokerage stocks experienced a significant decline in late trading, with notable drops in major firms such as GF Securities, CITIC Securities, and others, reflecting a broader market sentiment shift [1] Group 1: Market Performance - As of the report, GF Securities (000776) fell by 3.88% to HKD 19.09, CITIC Securities (601066) decreased by 2.34% to HKD 12.94, and other major brokerages also saw declines [1] - The Shanghai Stock Exchange reported that new account openings in October totaled 2.4672 million, a month-on-month decrease of 21.4% and a year-on-year decline of 66.3% [1] Group 2: Market Sentiment and Analysis - Donghai Securities noted that the slowdown in new account openings is attributed to a previous surge in market sentiment that led to concentrated demand, as well as a high base effect from last year's "924" market rally [1] - Despite the decline in new accounts, market sentiment remains high, with ongoing fluctuations around the 4000-point level leading to divergent trading sentiments among brokerages [1] Group 3: Financial Data Insights - China Galaxy Securities highlighted that financial data from October indicates a further shift of residents' deposits, driven by the stock market's profitability, which is a positive signal for the market [1] - The firm also pointed out that the apparent pause in the movement of deposits from residents to non-bank entities is likely influenced by last year's rapid shifts, suggesting that monitoring of subsequent data is essential [1]

Group 1 - The core viewpoint is that the automotive sector is expected to see a strong end-of-year performance driven by seasonal demand and the reduction of purchase tax, with a focus on vehicle cycles [1] - The automotive sector has outperformed the market year-to-date as of October 31, with the parts segment showing superior performance [1] - The forecast for 2026 indicates a slight decline in domestic passenger car retail sales, while exports of new energy vehicles are expected to maintain rapid growth, stabilizing overall wholesale sales [1] Group 2 - The industry is anticipated to experience a high-to-low trend in 2025, with rapid style switching and a focus on robotic themes throughout the year [2] - The "old-for-new" policy is expected to continue supporting total volume, although there are concerns about imbalanced funding structures [2] - The penetration rate of new energy vehicles is expected to slow, with advancements in autonomous driving policies and self-developed technologies, though interest may be waning [2] Group 3 - In 2026, total volume may still rely on policy support, with a return to the essence of vehicle cycles and potential breakthroughs in robotics [3] - The "old-for-new" policy is likely to continue but may taper off, with expectations for optimized funding ratios for vehicle replacement [3] - The automotive market is shifting from price competition to configuration competition, with new energy and hybrid vehicle standards being upgraded, leading to intensified competition among new and updated models [3]

Group 1 - The financial data for October shows a year-on-year increase in M1 balance of 6.2%, with new loans amounting to 220 billion and a social financing scale increase of 815 billion, while M2 balance grew by 8.2% [4] - The financial data reflects past conditions, and it is crucial to consider future changes in data. The full utilization of 500 billion new policy financial tools by policy banks is expected to drive project investments exceeding 7 trillion [5][6] - The relationship between surface and underlying data is important. The replacement of local government hidden debts with bonds and the risk management reforms in small financial institutions may slow down credit growth, but these actions are beneficial for economic stability and growth [8] Group 2 - The potential for future increases in new policy financial tools could further stimulate credit, M2, and social financing growth, indicating a more optimistic outlook for financial data [6] - The analysis of financial data should consider both the apparent figures and the underlying logic, particularly the impact of local government debt management and the risk mitigation efforts of small financial institutions [8]

Core Points - Naxin Micro (688052.SH) closed at 153.38 yuan, with a decline of 1.14%, and a total market capitalization of 21.861 billion yuan, currently in a state of breaking issue [1] - The company was listed on the Shanghai Stock Exchange's Sci-Tech Innovation Board on April 22, 2022, with an initial public offering of 25.266 million shares at a price of 230.00 yuan per share [1] - Naxin Micro raised a total of 5.811 billion yuan from its IPO, with a net amount of 5.581 billion yuan, exceeding the originally planned fundraising by 4.831 billion yuan [1] - The original fundraising target was 750 million yuan, intended for signal chain chip development, R&D center construction, and working capital [1] - The total issuance costs for the IPO amounted to 230 million yuan (excluding VAT), with underwriting fees of 203 million yuan [1] Dividend Distribution - On May 24, 2023, Naxin Micro announced a profit distribution plan based on a total share capital of 101,064,000 shares, distributing a cash dividend of 0.8 yuan per share (tax included) [2] - The company will also increase its capital stock by 0.4 shares for every share held, resulting in a total cash dividend distribution of 80.8512 million yuan and a capital increase of 40.4256 million shares [2] - After this distribution, the total share capital will be 141,489,600 shares [2]