以上减持计划将于公告日起15个交易日后的3个月内进行，期间为2025年5月28日至2025年8月25日。 | 股东名称 | 上海普纲企业管理(有限合伙) | | --- | --- | | 计划减持数量 | 不超过:1,160,000 股 | | 计划减持比例 | 不超过:1.50% | | 减持方式及对应减持数 | 集中竞价减持,不超过:773,300 股 | | 量 | 大宗交易减持,不超过:1,160,000 股 | | 减持期间 | 2025年5月28日~2025年8月25日 | | 拟减持股份来源 | IP0 前取得 | | --- | --- | | 拟减持原因 | 自身资金需要 | 截止公告披露日，佳华科技股东上海普纲持有公司股份2,500,000股，占公司股份总数的3.23%，均为公司首次公 开发行股票前取得的股份，前述股份均已于2023年3月20日解除限售。 公司自然人股东李劲，持有公司股份2,500,000股，占公司股份总数的3.23%，与股东上海普纲被认定为一致行动 人，合计持有公司股份5,000,000股，占公司股份总数的6.46%，二者共同按公司5%以上大股东履行减持相关披露 义务。 ...

Group 1 - The core viewpoint indicates that despite pressures on the US economy, better-than-expected non-farm payroll data has alleviated concerns about a recession, suggesting that the Federal Reserve may adopt a more patient approach [1][3][6] - In April 2025, the US added 177,000 non-farm jobs, surpassing the expected 130,000, while the unemployment rate remained stable at 4.2%, aligning with expectations [2][3] - The labor force participation rate increased to 62.6%, up from the previous 62.5%, indicating a rise in participation among older age groups [5] Group 2 - Employment in the transportation and warehousing sector saw a significant rebound, adding 29,000 jobs in April, compared to just 3,000 in March, which partially offset the negative impact of tariffs on employment data [4] - Retail and leisure/hospitality sectors experienced job losses, with retail employment decreasing by 2,000 and leisure/hospitality adding only 24,000 jobs, both significantly lower than previous values [4] - The U6 unemployment rate, which includes those working part-time for economic reasons, improved to 7.8%, down from 7.9% in the previous month, indicating better conditions in the part-time job market [5]

Reality Lab收入同比下滑。25Q1 Reality Lab收入4.12亿美元，同比下降6.4%，营业亏损42.1亿美元。 25Q1营收、净利润超预期，25Q2营收指引符合预期。公司25Q1实现营业收入423.1亿美元(vs Refinitiv 一致预期+2.22%，下文简称一致预期)，同比增长16.1%;公司指引25Q2营收425-455亿美元，中位数440 亿美元，同比增长12.6%(汇率有利影响约1pcts)，符合一致预期;公司25Q1实现净利润166.4亿美元(vs一 致预期+23.4%)，同比增长34.6%，预计25年总支出1130-1180亿美元，相比上季度指引1140-1190亿美元 有所下调。 生成式AI驱动广告收入超预期增长。25Q1公司广告收入413.9亿美元(vs一致预期+2.49%)，同比增长 16.2%，占公司总收入的97.8%。系列APP DAP达34.3亿，同比增长5.9%;ARPP达12.4美元，同比增长 10.4%。根据25Q1业绩电话会：1)Reels新广告推荐模型使转化率提高5%，生成式广告推荐架构使广告 效率提升两倍，使用AI创意工具的广告主增加30%;2)改进 ...

Market Overview - The Shanghai Composite Index fell by 0.05% to 3286.65 points, with a high of 3294.98 points during the day [1] - The Shenzhen Component Index also decreased by 0.05%, closing at 9849.8 points, peaking at 9882.54 points [1] - The ChiNext Index dropped by 0.13%, ending at 1931.94 points, with a maximum of 1941.17 points [1] ETF Market Performance - The median return of stock ETFs was -0.1% [2] - The highest performing scale index ETF was the Hai Fu Tong CSI 2000 Enhanced Strategy ETF, with a return of 1.53% [2] - The highest performing industry index ETF was the China Tai CSI All-Share Integrated Circuit ETF, returning 1.45% [2] - The top three ETFs by return were: - Huaxia CSI Automotive Parts Theme ETF (1.96%) - Hai Fu Tong CSI Automotive Parts Theme ETF (1.69%) - Penghua CSI Media ETF (1.65%) [4][5] ETF Fund Flow - The top three ETFs by fund inflow were: - E Fund SSE STAR 50 ETF (inflow of 363 million yuan) - E Fund ChiNext ETF (inflow of 244 million yuan) - Guotai CSI Steel ETF (inflow of 183 million yuan) [6][7] - The top three ETFs by fund outflow were: - Huatai-PB CSI A500 ETF (outflow of 251 million yuan) - Guotai CSI A500 ETF (outflow of 201 million yuan) - E Fund CSI 300 ETF Initiated (outflow of 197 million yuan) [6][7] Financing and Margin Trading - The highest financing buy amounts were for: - Huaxia SSE STAR 50 ETF (323 million yuan) - E Fund ChiNext ETF (199 million yuan) - Guolian An CSI All-Share Semiconductor Products and Equipment ETF (186 million yuan) [8][9] - The highest margin sell amounts were for: - Southern CSI 1000 ETF (24.54 million yuan) - Southern CSI 500 ETF (19.86 million yuan) - Huatai-PB CSI 300 ETF (7.71 million yuan) [8][9] Industry Insights - Everbright Securities noted that the launch of new vehicles could catalyze an upward trend in industry prosperity, with a focus on smart technology by 2025 [10] - Minsheng Securities highlighted that the passenger vehicle market is showing positive fundamentals, driven by new vehicle launches and increasing demand for smart driving technology [11]

文/梧桐数据中心 榜单前三名： 随着4月25日众捷汽车（301560）在创业板上市，2025年1-4月A股合计新上市公司37家，其中沪市主板8家、科创板5家、深市主板5家、创业板16家、北交所3家。 相较去年同期的35家，同比增长5.71%。这37家新上市公司募资净额为219.58亿元，相较去年同期的237.06亿元，同比下降7.37%。 一、保荐机构业绩排名 2025年1-4月，共有22家保荐机构承担了这37家新上市公司的IPO上市业务。 第一名：国泰海通（5单）（注：国泰君安与海通证券合并计算，其中海通证券有3单，国泰君安有2单） 第二名：华泰联合（4单）、中信证券（4单） | 排名 | 保存机构 | 业务更数 | | --- | --- | --- | | | 国泰海通 | 5 | | | 华泰联合 | 4 | | 2 ● | > 中信证券 | | | --- | --- | --- | | 40 | | | | 5 | UIVVV 东兴证券 | | | 5 | 申万宏源 | 2 | | 5 | 天风证券 | 2 | | 8 | 华安证券 | 1 | | 8 | 东方证券 | 1 | | 8 | 光大证 ...

证券代码：601788 证券简称：光大证券 公告编号：2025-015 光大证券股份有限公司 2025年第一次临时股东大会决议公告 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： (一)股东大会召开的时间：2025 年 4 月 29 日 (二)股东大会召开的地点：上海市静安区新闸路 1508 号静安国际广场 (三)出席会议的普通股股东和恢复表决权的优先股股东及其持有股份情况： | 1、出席会议的股东和代理人人数 | 989 | | --- | --- | | 其中：A 股股东人数 | 988 | | 境外上市外资股股东人数（H 股） | 1 | | 2、出席会议的股东所持有表决权的股份总数（股） | 2,179,289,896 | | 其中：A 股股东持有股份总数 | 2,152,228,349 | | 境外上市外资股股东持有股份总数（H 股） | 27,061,547 | | 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 | | | 份总数的比例（%） | 47.265024 | | 其中：A | 股 ...

证券代码：601788 股票简称：光大证券 公告编号：临 2025-014 H 股代码：6178 H 股简称：光大证券 1.2025 年自营权益类证券及其衍生品投资规模上限为净资本的 50%（监管标准为不超过净资本的 100%）。 2.2025 年自营非权益类证券及其衍生品投资规模上限为净资本 的 360%（监管标准为不超过净资本的 500%）。 议案表决情况：同意 11 票，反对 0 票，弃权 0 票。 光大证券股份有限公司 第七届董事会第六次会议决议公告 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。 光大证券股份有限公司（以下简称公司）第七届董事会第六次会 议通知于 2025 年 4 月 15 日以电子邮件方式发出。会议于 2025 年 4 月 29 日上午 9:00 以现场、视频结合通讯方式召开。本次会议应到董 事 11 人，实到董事 11 人。其中，赵陵先生、刘秋明先生现场参会； 连涯邻先生、尹岩武先生、任永平先生、殷俊明先生、刘应彬先生、 陈选娟女士、吕随启先生以视频方式参会；马韧韬女士、秦小征先生 以通讯方式表 ...

北京市金杜律师事务所上海分所 关于光大证券股份有限公司 2025 年第一次临时股东大会 之法律意见书 致：光大证券股份有限公司 北京市金杜律师事务所上海分所（以下简称本所）接受光大证券股份有限公 司（以下简称公司）委托，根据《中华人民共和国证券法》（以下简称《证券法》）、 《中华人民共和国公司法》（以下简称《公司法》）、中国证券监督管理委员会 《上市公司股东会规则》（以下简称《股东会规则》）等中华人民共和国境内（以 下简称中国境内，为本法律意见书之目的，不包括中国香港特别行政区、中国澳 门特别行政区和中国台湾地区）现行有效的法律、行政法规、规章和规范性文件 和现行有效的《光大证券股份有限公司章程》（以下简称《公司章程》）有关规 定，指派律师出席并见证公司于 2025 年 4 月 29 日召开的公司 2025 年第一次 临时股东大会（以下简称本次股东大会），并就本次股东大会相关事项出具本法 律意见书。 为出具本法律意见书，本所律师审查了公司提供的以下文件，包括但不限于： 1. 经公司 2023 年年度股东大会审议通过的《公司章程》； 2. 公司 2025 年 3 月 28 日刊登于《中国证券报》《上海证券报》《 ...

Financial Performance - The company's operating revenue for Q1 2025 was CNY 2,504,964,344.03, representing a 13.64% increase compared to CNY 2,204,205,085.90 in the same period last year[5]. - Net profit attributable to shareholders was CNY 819,260,652.70, up 20.05% from CNY 682,436,814.38 year-on-year[5]. - The basic earnings per share rose to CNY 0.16, reflecting a 23.08% increase from CNY 0.13 in the same period last year[5]. - The total profit for Q1 2025 was ¥1.03 billion, a 22.7% increase from ¥840.09 million in Q1 2024[20]. - Net profit for the first quarter of 2025 was CNY 592.49 million, down from CNY 626.80 million in the first quarter of 2024, representing a decrease of about 5.5%[26]. - The company's net interest income for Q1 2025 was CNY 420.27 million, compared to CNY 366.51 million in Q1 2024, reflecting an increase of about 14.7%[25]. Cash Flow and Liquidity - The net cash flow from operating activities decreased significantly by 81.94%, amounting to CNY 800,470,585.16, primarily due to increased net outflow from repurchase business[5][8]. - Cash flow from operating activities for Q1 2025 was ¥800.47 million, a decrease from ¥4.43 billion in Q1 2024[22]. - The company experienced a net decrease in cash and cash equivalents of approximately -¥8.78 billion in Q1 2025, compared to -¥3.42 billion in Q1 2024[22]. - The total cash and cash equivalents at the end of Q1 2025 were approximately ¥67.21 billion, down from ¥59.47 billion at the end of Q1 2024[22]. - The net cash flow from financing activities increased by 114.75% to CNY 1,667,078,924.14, driven by increased bond issuance and reduced debt repayment[8]. - The net cash flow from financing activities was $1.34 billion, a recovery from a negative $10.98 billion last year[29]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 289,776,172,119.43, a decrease of 1.09% from CNY 292,959,017,732.27 at the end of the previous year[6]. - The company's total assets as of March 31, 2025, amounted to CNY 248.05 billion, a decrease from CNY 254.39 billion as of December 31, 2024, reflecting a decline of approximately 2.7%[23]. - The total liabilities of the company were RMB 220.02 billion, down from RMB 223.74 billion, representing a decrease of around 1.2%[15]. - Total liabilities decreased to CNY 180.72 billion as of March 31, 2025, from CNY 187.37 billion as of December 31, 2024, a reduction of approximately 3.5%[24]. - The company's equity attributable to shareholders rose to RMB 68.92 billion from RMB 68.39 billion, marking an increase of about 0.8%[17]. Investment and Income - Investment income decreased by 19.26% to CNY 659,048,399.67, mainly due to changes in fixed income asset returns[8]. - The company reported a significant investment income of ¥659.05 million in Q1 2025, contrasting with a loss of ¥726.74 million in Q1 2024[19]. - The company reported a significant increase in commission income from brokerage services, which rose to CNY 750.51 million in Q1 2025, compared to CNY 513.43 million in Q1 2024, an increase of about 46.2%[25]. Operational Efficiency - The company's operating expenses for Q1 2025 were CNY 1.12 billion, up from CNY 968.97 million in Q1 2024, representing an increase of approximately 15.5%[26]. - The cash flow from operating activities showed a significant decline, indicating potential challenges in operational efficiency[29]. Future Outlook and Management - The net profit for the first quarter of 2025 is yet to be disclosed, but the company is expected to provide guidance in the upcoming reports[18]. - The company plans to implement new accounting standards starting in 2025, which may impact future financial reporting[29]. - The company is focusing on expanding its market presence and enhancing its product offerings, with ongoing investments in new technologies and strategic initiatives[18]. - The management team includes Zhao Ling as the company head, Zhu Qin as the accounting supervisor, and Du Jia as the accounting institution head[29].

光大證券股份有限公司 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） 趙 陵先生 （董事長） 劉秋明先生 （總裁） 非執行董事 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 獨立非執行董事 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 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 附註： C 相關董事委員會之召集人 M 相關董事委員會之成員 中國上海 2025年4月29日 2 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 | | | | 劉秋明先生 | | M | | | | 馬韌韜女士 | | M | | M | | 連涯鄰先 ...