Core Viewpoint - Haida International Holdings Limited has submitted a listing application to the Hong Kong Stock Exchange, with J.P. Morgan, CICC, and GF Securities acting as joint sponsors [1]. Company Overview - Haida International is a technology-driven global agricultural enterprise, primarily focused on feed business, providing comprehensive solutions for the entire value chain of the livestock industry. Its core markets include Asia (excluding East Asia), Africa, and Latin America [3]. - According to Frost & Sullivan, by 2024, Haida International is the second-largest aquaculture feed supplier in Asia (excluding East Asia) with a production volume of 1 million tons, and the third-largest feed supplier in Vietnam with a production volume of 1.7 million tons [3]. - The company offers a complete range of products and services covering feed, seedlings, and animal health, with feed being its main product. The feed product lines include aquaculture feed, poultry feed, and pig feed [3]. - As of January 5, 2026, the company's feed production bases are located in six countries: Vietnam, India, Indonesia, Egypt, Bangladesh, and Ecuador [3]. Financial Data - For the fiscal years ending December 31, 2023, 2024, and the nine months ending September 30, 2025, the company achieved revenues of approximately RMB 9.025 billion, RMB 11.417 billion, and RMB 11.177 billion, respectively [7]. - The net profit for the same periods was approximately RMB 360 million, RMB 735 million, and RMB 869 million [8]. - The gross profit margins for the fiscal years were 12.9%, 15.2%, and 16.8% respectively [10]. Industry Overview - Asia (excluding East Asia) has abundant aquatic resources, creating favorable conditions for aquaculture. Countries like Thailand, Vietnam, and Indonesia are significant aquaculture bases globally [12]. - Vietnam is the second-largest market for feed in Asia (excluding East Asia), with the aquaculture feed segment being the fastest-growing category. The market size is expected to grow from 4 million tons in 2020 to 4.5 million tons by 2024, with a compound annual growth rate (CAGR) of 3.0% [12]. - The aquaculture feed industry is experiencing significant consolidation, with the market share of the top five companies in Vietnam increasing from 28.1% in 2020 to 47.0% in 2024, and projected to reach 60.5% by 2029 [12]. - Indonesia holds the third-largest market share in the feed market in Asia (excluding East Asia) at 13.5%, with a CAGR of 3.3% expected from 2020 to 2024 [14]. Competitive Landscape - In 2024, Haida International is projected to produce 1,011 thousand tons of aquaculture feed, ranking second in the market share in Asia (excluding East Asia) [17]. - The top five companies in the aquaculture feed market account for 31.9% of the total market share [18].

| 股份代號: | 03908 | | --- | --- | | 上市法國名稱: | 中國國際金融股份有限公司 - H股 | | 日期 (日 / 月 / 年): | 13/12/2025 - 13/01/2026 | | 表格序號 | 大股東/董事/最高行政人員名稱 作出披露的 買入 / 賣出或涉及的股 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 | | | --- | --- | --- | --- | --- | --- | --- | | | 份數目 | 月因 | | | ( 請參閱上述 * 註解 ) 有投票權股 (日 / 月 / 4 | | | | | | | | 份自分比 | | | | | | | | (%) | | | CS20260111E00009 | 易方达基金管理有限公司 | 1201(L) | 5,434,000(L) | HKD 22.8139 | 189.405,600(L) | 9.95(L)07/01/2026 | 格隆汇1月13日丨根据联交所最新权益披露资料显示，2026年1月7日，中金公司(03908.HK)遭易方达基金管理有限公司在场内以每 ...

Core Viewpoint - The global precious metals market experienced a significant surge, with COMEX gold surpassing $4600 per ounce and Shanghai silver futures rising by 14%, driven by concerns over Federal Reserve independence, geopolitical conflicts, central bank gold purchases, and de-dollarization trends [1][2]. Group 1: Market Performance - On January 12, COMEX gold futures reached a peak of $4612 per ounce, while COMEX silver hit $84.69 per ounce, with a peak intraday increase of over 6% [2]. - In the domestic market, Shanghai gold futures peaked at 1031 yuan per gram, and Shanghai silver futures rose by 14%, closing at 20945 yuan per kilogram, with all seven distant month contracts hitting the limit [2]. - The London Metal Exchange (LME) saw all six base metal futures contracts close higher, with LME tin and copper rising approximately 5% and 2%, respectively [5]. Group 2: Influencing Factors - The recent surge in precious metals is attributed to multiple factors, including the investigation of Federal Reserve Chairman Jerome Powell, which is seen as a long-term threat to the Fed's independence, alongside ongoing geopolitical tensions and central banks' continuous gold accumulation [2][6]. - The U.S. labor department reported a lower-than-expected increase in non-farm payrolls for December, which, combined with a declining unemployment rate and a weakening dollar, provided new support for gold prices [5]. Group 3: Risk Signals - High volatility risks are evident, with global futures exchanges frequently intervening and increasing trading margins for precious metals [3]. - The recent announcement from the Shanghai Gold Exchange highlighted significant price fluctuations and rising uncertainties, prompting a warning for members to monitor market changes closely [3]. Group 4: ETF Adjustments - To manage high inflows, gold ETFs have begun to limit subscriptions, with E Fund's gold ETF announcing a suspension of subscriptions starting January 16, aimed at protecting holder interests and ensuring stable fund operations [8]. - The adjustment in subscription terms includes raising the minimum subscription unit and streamlining the physical redemption contracts, which is expected to mitigate tracking errors due to premium discrepancies [8]. Group 5: Future Outlook - Analysts predict that the ongoing central bank gold purchases, combined with the irreversible trend of global monetary expansion and de-dollarization, will continue to support the upward trajectory of precious metals [7]. - Bloomberg Commodity Index's adjustment of gold and silver weightings is expected to create selling pressure, particularly on silver, which may experience greater volatility due to its smaller market size [9].

中金公司（601995）(03908)公布，"23中金G2"将于2026年1月17日派付自2025年1月17日至2026年1月16 日期间的利息，票面利率为3.18%，每手债券面值1000元派息31.8元(含税)。 ...

本期债券简称"24中金C1"，本期债券票面利率(计息年利率)为2.87%,每手本期债券面值为1000元,派发利 息为28.70元(含税)。 智通财经APP讯，中金公司(03908)发布公告，中国国际金融股份有限公司2024年面向专业机构投资者公 开发行次级债券(第一期)(品种一)(本期债券)将于2026年1月19日派付2025年1月18日至2026年1月17日期 间的利息。 ...

本期债券简称"24中金C1"，本期债券票面利率(计息年利率)为2.87%,每手本期债券面值为1000元,派发利 息为28.70元(含税)。 中金公司（601995）(03908)发布公告，中国国际金融股份有限公司2024年面向专业机构投资者公开发 行次级债券(第一期)(品种一)(本期债券)将于2026年1月19日派付2025年1月18日至2026年1月17日期间的 利息。 ...

Group 1 - The core point of the article is that China International Capital Corporation (CICC) has been approved to issue perpetual subordinated bonds up to RMB 20 billion, targeting professional investors [1] - The specific issuance under this approval is for a maximum of RMB 3 billion, with a face value of RMB 100 per bond, and will be conducted through a pricing inquiry and allocation method for professional investors [1] - The bond issuance was completed on January 12, 2026, with a final issuance size of RMB 3 billion, a coupon rate of 2.38%, and a subscription multiple of 2.10 times [1]

智通财经APP讯，中金公司(03908)发布公告，中国国际金融股份有限公司2024年面向专业机构投资者公 开发行次级债券(第一期)(品种二)，简称"24中金C2"，将于2026年1月19日付息。本期债券票面利率(计 息年利率)为3.05%，每手本期债券面值为1000.00元，派发利息为30.50元(含税)。 ...

中金公司（601995）(03908)发布公告，中国国际金融股份有限公司2024年面向专业机构投资者公开发 行次级债券(第一期)(品种二)，简称"24中金C2"，将于2026年1月19日付息。本期债券票面利率(计息年 利率)为3.05%，每手本期债券面值为1000.00元，派发利息为30.50元(含税)。 ...

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。 China International Capital Corporation Limited 中 國 國 際 金 融 股 份 有 限 公 司 （於中華人民共和國註冊成立的股份有限公司） （股份代號：03908） 海外監管公告 本公告乃根據香港聯合交易所有限公司證券上市規則第13.10B條而作出。 茲載列中國國際金融股份有限公司（「本公司」）在上海證券交易所網站刊登的本公司2026 年面向專業投資者公開發行永續次級債券（第一期）發行結果公告，僅供參閱。 承董事會命 中國國際金融股份有限公司 董事會秘書 孫男 中國，北京 2026年1月12日 於本公告日期，本公司執行董事為陳亮先生及王曙光先生；非執行董事為張薇女士、 孔令岩先生及田汀女士；以及獨立非執行董事為吳港平先生、陸正飛先生、彼得 • 諾蘭先 生及周禹先生。 中国国际金融股份有限公司 2026 年面向专业投资者公开发行永 续次级债券（第一期）发行结 ...