◎刘禹希 记者 徐蔚 在卫星制造与配套领域，企业IPO进程也在同步推进。微纳星空已进入辅导期，其股东包括国泰海通证 券、中信建投证券、中金公司等，辅导机构为国泰海通证券。爱思达已启动了科创板IPO辅导，招商证 券通过博时资本间接持有其股份。 综合来看，券商对商业航天公司的投资大多是通过旗下直投子公司或参股的基金进行间接持股，蓝箭航 天的案例即是典型。从布局策略看，头部券商倾向于广泛覆盖多家公司，中小券商则选择集中投资单一 标的。 多位业内人士向记者表示，商业航天已进入国家战略性新兴产业范畴，卫星互联网等细分领域有明确的 政策支持和长期需求支撑，加之符合科创板第五套上市标准的导向，发展前景明确。对于券商而言，尤 其是具备国资背景的机构，在推动此类项目时具有天然优势。 在蓝箭航天、天兵科技、微纳星空等公司的上市进程中，中金公司、中信建投、国泰海通证券等券商同 时扮演了"股东"和"上市辅导机构"的双重角色。这一"投资+辅导/保荐"模式是券商参与战略性新兴产业 资本化的重要路径。 优势资本投资合伙人高庆忠认为，"投资+辅导/保荐"的模式促使券商将自有投资资金与被服务企业深度 绑定。"这不仅是为了赚取服务费，也是为了让 ...

Group 1 - CICC and China Galaxy have received approval from the China Securities Regulatory Commission (CSRC) to issue bonds [1] - CICC plans to publicly issue corporate bonds with a total face value not exceeding 20 billion yuan for bonds with a maturity of more than one year, and short-term corporate bonds with a balance not exceeding 15 billion yuan [1] - China Galaxy intends to publicly issue subordinated bonds with a total face value not exceeding 20 billion yuan [1]

| 表格序號 | 大股東/董事/最高行政人員名 作出披露的 買入 / 賣出或涉及的 每股的平均價 | | | | 持有權益的股份數目 佔已發行的 有關事件的日期有 | | | --- | --- | --- | --- | --- | --- | --- | | 博 | 股份數目 | 原因 | | | (請參閱上述*註 | 有投票權股(日/月/年) 材 | | | | | | | 国 | 份百分比 | | | | | | | | 96 | | CS20260203E00366 | 易方达基金管理有限公司 | 1201(L) | 2,108,000(L) | HKD 21.5397 | 169,736,000(L) | 8.92(L)29/01/2026 | 格隆汇2月4日丨根据联交所最新权益披露资料显示，2026年1月29日，中金公司(03908.HK)遭易方达基金管理有限公司在场内以每股均价21.5397港元减持 210.8万股，涉资约4540.57万港元。 减持后，易方达基金管理有限公司最新持股数目为169,736,000股，持股比例由9.03%下降至8.92%。 | 股份代號: | 03908 | | ...

Group 1 - The core viewpoint of the article emphasizes that the company, as a sponsor, is committed to maintaining its role as a "gatekeeper" in the listing of technology companies, focusing on identifying "hard technology" and preventing the listing of "pseudo-technology" firms [1] - The company conducts comprehensive industry research and interviews with upstream and downstream stakeholders to cross-verify key business, financial, and technological information of the enterprises it sponsors [1] - The company implements strict internal control processes to ensure that the recommended enterprises meet the listing standards [1]

证券日报网讯 2月4日，中金公司在互动平台回答投资者提问时表示，2025年，公司私募股权业务行业 领先地位持续巩固，设立多支市场标杆基金，成为京津冀创业投资引导基金管理人。 ...

Core Viewpoint - The company has announced a significant increase in its expected net profit for the year 2025, indicating strong financial performance and growth potential [1] Financial Performance - The company expects to achieve a net profit attributable to shareholders ranging from RMB 85.42 billion to RMB 105.35 billion for the year 2025, which represents an increase of RMB 28.47 billion to RMB 48.40 billion compared to the previous year, equating to a year-on-year growth of 50% to 85% [1] - The anticipated net profit excluding non-recurring items is projected to be between RMB 84.28 billion and RMB 103.51 billion, reflecting an increase of RMB 27.72 billion to RMB 46.95 billion year-on-year, corresponding to a growth of 49% to 83% [1]

北京商报讯2月4日，中金公司发布公告称，中国证监会同意公司向专业投资者公开发行面值总额不超过200亿元的一年期以上公司债券，以及面值余额不超 过150亿元的短期公司债券的注册申请。该批复自同意注册之日起24个月内有效，公司在注册有效期内可以分期发行公司债券。 （文章来源：北京商报） ...

Group 1 - In January 2026, a total of 17 companies were reviewed for A-share IPOs, with 15 approved, resulting in an approval rate of 88.24% [1][6][28] - Two companies, Ningbo Huikang Industrial Technology Co., Ltd. and Zhejiang Xingsheng Technology Co., Ltd., were deferred for review [1][6][28] - Four companies terminated their A-share IPO processes in January, continuing the trend of single-digit terminations per month [11][33] Group 2 - The total amount raised from the 9 companies that went public in January 2026 was 9.053 billion yuan, a significant decrease compared to the previous month [1][39][44] - Among these, Zhenstone Co., Ltd. raised the highest amount at 2.919 billion yuan, while Guoliang New Materials raised the least at 194 million yuan [1][39][44] - The leading underwriter was China International Capital Corporation, which handled 2 IPOs with a total underwriting amount of 4.474 billion yuan [1][22][44] Group 3 - Xingsheng Technology was the first company in 2026 to fail to pass the IPO review, with issues raised regarding the authenticity of its sales revenue [6][28][30] - The company has a significant portion of its revenue (over 50%) coming from overseas markets, making compliance and verification of cross-border fund flows critical [7][29][30] - The underwriter, Guoxin Securities, faced scrutiny over its diligence in the review process, particularly regarding third-party payments [30][31] Group 4 - Huikang Technology was also deferred for review, with questions raised about its competitive position in the ice-making industry and the sustainability of its future performance [8][30][31] - The company must clarify the relationships with its main suppliers and ensure the accuracy of its disclosures [9][31] - Huikang Technology's main suppliers were established shortly before they began collaborating with the company, raising potential concerns about their relationships [10][31] Group 5 - In January, four companies withdrew their IPO applications, with two of them sponsored by Huatai United Securities, indicating a high withdrawal rate for this underwriter [11][14][38] - The companies that withdrew included Guangxi Baifei Dairy Co., Ltd., Nanjing Qinheng Microelectronics Co., Ltd., Jiangsu Yadian Technology Co., Ltd., and Zhuhai Saiwei Electronic Materials Co., Ltd. [11][33] - Zhuhai Saiwei had previously faced rejection in its first IPO attempt and withdrew its application after being approved in a second attempt [13][36] Group 6 - The issuance and underwriting situation showed that the average underwriting fee rate for the companies was relatively high, with Hengyun Chang's fee rate at 7.50%, which is above the industry average [19][42] - Hengyun Chang was the only company with an issuance price-to-earnings ratio exceeding the industry average, raising 1.561 billion yuan [19][42] - The underwriting fees for other companies were significantly lower, indicating a disparity in costs among different IPOs [19][42]

中国国际金融股份有限公司 关于向专业投资者公开发行公司债券获得注册批复的公告 中国国际金融股份有限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。 特此公告。 中国国际金融股份有限公司 证券代码：601995 证券简称：中金公司 公告编号：临 2026-008 中国国际金融股份有限公司（以下简称"公司"）近日收到中国证券监督管 理委员会（以下简称"中国证监会"）出具的《关于同意中国国际金融股份有限 公司向专业投资者公开发行公司债券注册的批复》（证监许可〔2026〕154 号， 以下简称"批复"）。 根据该批复，中国证监会同意公司向专业投资者公开发行公司债券的注册申 请。其中，本次公开发行一年期以上公司债券面值总额不超过 200 亿元，本次公 开发行短期公司债券面值余额不超过 150 亿元。该批复自同意注册之日起 24 个 月内有效，公司在注册有效期内可以分期发行公司债券。 公司将按照有关规定、上述批复要求及公司股东会的授权，办理债券发行的 相关事宜。 2026 年 2 月 4 日 董 事 会 ...

Core Viewpoint - China International Capital Corporation (CICC) has received approval from the China Securities Regulatory Commission (CSRC) to publicly issue corporate bonds to professional investors, indicating a strategic move to raise capital in the market [1] Group 1: Bond Issuance Details - The approved bond issuance includes a total face value of up to 20 billion yuan for bonds with a maturity of one year or more [1] - Additionally, the company can issue short-term corporate bonds with a total face value not exceeding 15 billion yuan [1] - The approval is valid for 24 months from the date of registration, allowing the company to issue bonds in tranches during this period [1]