Core Viewpoint - The company Jin Qilin (603586.SH) has successfully passed a small-scale trial for its CRH380B model powder metallurgy brake pads, indicating positive performance and quality assurance [1] Group 1: Product Performance - The CRH380B model HC0006 brake pads showed good condition during the small-scale trial, with no deformation of the steel backing, cracks, or detachment of the friction block [1] - There were no abnormal issues such as abnormal wear, hot spots, cracks, or deformation on the brake discs during the trial period [1] - The overall operation of the train set was satisfactory, with no problems attributed to the quality of the brake pads, meeting the requirements of the small-scale trial outline [1]

Core Viewpoint - The company has received a trial report from the Guangzhou EMU section indicating that its CRH380B model powder metallurgy brake pads have successfully passed a small-scale trial, which enhances its market sales qualifications for brake products [1] Group 1: Product Development - The trial for the CRH380B brake pads will be completed between 2024 and December 18, 2025, during which the brake pads have shown good performance and the EMU operation has been normal, meeting the trial outline requirements [1] - The company has previously obtained partial CRCC certification for some brake pads, and the CRH380D model brake pads have also passed trials [1] Group 2: Market Implications - The successful trial allows the product to participate in market competition, enriching the company's brake product matrix [1] - However, this qualification does not directly correlate with orders or performance, and it is stated that there will be no significant impact on the company's performance for the current year [1]

注：兴证资管金麒麟悦享添利30天滚动持有债券型证券投资基金（以下简称"本基金"）B类基金份额为 原《兴证资管金麒麟悦享添利30天滚动持有债券型集合资产管理计划资产管理合同》生效前存续的份 额，自2022年5月31日起每个工作日只开放赎回，不开放申购。 2 其他需要提示的事项 2.1在暂停申购、转换转入及定期定额投资业务期间，本基金的赎回业务及其他业务仍照常办理。自 2026年1月5日起，本基金将恢复办理申购、转换转入及定期定额投资业务，届时将不再另行公告。 2.2本公告的解释权归兴证证券资产管理有限公司所有。如有疑问，敬请通过本管理人的客户服务电话 （95562-3）或网站（http://www.ixzzcgl.com/）查询相关事宜。 公告送出日期：2025年12月29日 1 公告基本信息 ■ 2.3风险提示：基金管理人承诺以诚实信用、勤勉尽责的原则管理和运用基金财产，但不保证投资于本 基金一定盈利，也不保证最低收益。基金的过往业绩不代表未来表现，投资有风险，敬请投资人认真阅 读基金的相关法律文件，并选择适合自身风险承受能力的投资品种进行投资。 特此公告。 兴证证券资产管理有限公司 二〇二五年十二月二十九日 ...

Core Viewpoint - The "Sina Finance 2025 Annual Conference and the 18th Golden Unicorn Forum" will be held on January 15, 2026, in Beijing, focusing on the theme "Starting the 15th Five-Year Plan, New Economic Voyage - Reshaping Growth Paradigms, Creating Future Prosperity" [1][2][3] Group 1: Economic Achievements During the 14th Five-Year Plan - China's economy has made significant progress in high-quality development despite complex domestic and international challenges [3] - Key achievements include accelerated steps towards technological self-reliance under the innovation-driven strategy, the rise of new energy and low-carbon industries during the green transition, and deep movements towards regional coordination and rural revitalization under the goal of common prosperity [3] - The integration of the digital economy with the real economy and the expansion of high-level opening-up have laid a solid foundation for the new journey ahead [3] Group 2: Opportunities and Challenges in the 15th Five-Year Plan - The upcoming 15th Five-Year Plan presents both new opportunities and challenges, including the need to strengthen national strategic technological capabilities and seize opportunities in the global industrial chain restructuring [3] - There is a call to deepen market-oriented reforms to unleash greater growth potential [3] - The green low-carbon transition is expected to create new trillion-level market opportunities [3] Group 3: Forum Structure and Participants - The forum will consist of a main forum and several thematic seminars, including the "2025 Technology Wind and Cloud List," "2025 Financial New Voyage," and "2026 Global and China Capital Market Outlook Forum" [3] - It aims to gather top economists, policy researchers, and industry leaders for in-depth dialogue and exchange of ideas [3]

Group 1 - The second Sina Finance Golden Qilin Best Investment Advisor selection has been launched, aiming to empower investment advisors and build a social platform for investment advisory services [1][6] - The event will culminate in a ceremony on January 15, 2026, where awards for best investment advisory services, individual comprehensive awards, and individual category awards will be announced [1][6] - The evaluation will include simulated trading competitions across three categories: stock simulation trading, on-site ETF simulation trading, and public fund simulation configuration, with the evaluation period from July 1 to November 30 [1][6] Group 2 - Scoring for the stock simulation trading group will be based on five criteria: return rate (50%), maximum drawdown (20%), position control (10%), average monthly adjustments (10%), and investment strategy notes (10%) [2][7] - The on-site ETF simulation trading group will have a similar scoring structure, with a focus on return rate (50%), maximum drawdown (20%), position control (5%), average monthly adjustments (5%), and investment strategy notes (20%) [2][8] - The public fund simulation configuration group will prioritize return rate (60%), maximum drawdown (10%), average trading frequency (10%), and investment strategy notes (20%) [3][9] Group 3 - The awards will include categories such as Best Investment Advisor, Best Stock Investment Return Award, and Best ETF Configuration Award, with specific scoring rules for each category [5][11] - The evaluation for the Best Investment Advisor will consider investment ability (50%), social service ability (30%), and expert review (20%) [5][11] - The top performers in each category will receive recognition, including trophies, certificates, and dedicated service platforms [5][11]

Core Viewpoint - The CRH380D train brake pads have passed small-scale testing, allowing the product to participate in market competition, but this does not guarantee market orders or direct contributions to performance [1][3]. Group 1: Product Testing and Qualification - The CRH380D train brake pads underwent small-scale testing from October 30, 2024, to November 12, 2025, and the overall operational status was good, meeting the testing requirements [1]. - The product is now qualified for market sales, marking an extension of the company's train braking products to the 300-350 km/h speed range, which enhances the product matrix in the rail transportation sector [2]. Group 2: Impact on Company Operations and Performance - The small-scale testing of the CRH380D train brake pads does not directly correlate with market orders or performance contributions, as sales and performance will depend on specific orders or contract execution [3]. - While the new product's qualification is expected to positively influence market expansion and future operational performance, it will not significantly impact the company's current year operating results [3].

专题：2025金麒麟保险行业评选 12月19日金融一线消息，由新浪财经主办的"2025新浪金麒麟保险行业评选"活动网络投票距离结束仅剩 2天，点击>>2025新浪金麒麟保险行业评选页面，选择心中认为最佳的公司，并为其投上宝贵的一票， 你的参与至关重要！ 2025新浪金麒麟保险行业评选规则： 评选标准： 权威性：由行业专家、资深从业者共同组成专家评审团 代表性：评选奖项设置涵盖保险行业各类机构、多项业务 客观性：评选采用专家评审，第三方机构调研，网友投票相结合的方式 2025年12月21日至12月24日 复评：依据投票数据，综合舆情指数及第三方机构调研结果进行评审，并 得出排名 2025年12月25日至2026年1月2日 复核：邀请专家评审团审核获奖名单，并给出专家意见 2026年1月3日至1月9日 终评：综合复评结果及专家评审团意见，确定各奖项获奖名单 本次评选面向在境内注册、取得银保监会批准开业和相关业务资质的保险集团（控股）公司、保险公 司、保险中介机构、互助保险社、互联网保险平台、保险科技公司等。 联系邮箱：money@staff.sina.com.cn 参与性：网友投票权重占45%，专家评审权重占30 ...

Core Viewpoint - The successful completion of small-scale trials for the CRH380D train brake pads signifies that the product has obtained market qualification, but does not guarantee immediate market orders or performance contributions [2][3] Group 1: Product Development and Testing - The CRH380D train brake pads have passed small-scale trials organized by the Chengdu Railway Bureau, which is a requirement under the national railway quality control guidelines [2] - The trial period is set from October 30, 2024, to November 12, 2025, covering a full lifecycle and one year, during which the brake pads performed well and met all outlined requirements [2] Group 2: Market Implications - The successful trial allows the product to enter the market, extending the company's brake product offerings to the 300-350 km/h speed range, thereby enriching the company's rail transit brake product matrix [3] - The announcement clarifies that passing the trial only indicates market eligibility and does not directly correlate with actual market orders or performance, which will depend on future contract execution [3]

山东金麒麟股份有限公司 证券代码：603586 证券简称：金麒麟 公告编号：2025-048 关于 CRH380D 型动车组闸片通过小批量试用的公告 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个别及连带责任。 重要内容提示： CRH380D 型动车组闸片通过小批量试用，仅代表该产品有资格参与市场 竞争，与市场订单取得或对业绩贡献并不构成直接关系。该产品的市场销售情况 与业绩贡献，视具体获得订单或合同执行情况而定。敬请投资者注意投资风险。 近日，山东金麒麟股份有限公司（以下简称"公司"）收到《中国铁路成都 局集团有限公司车辆部关于 CRH380D 型动车组闸片通过小批量试用的通知》， 公司 CRH380D 型动车组闸片通过小批量试用，具体情况公告如下： 一、CRH380D 型动车组闸片通过小批量试用的基本情况 按照《国铁集团办公厅关于进一步加强机辆产品质量管控放开市场工作的 通知》(铁办机辆〔2024]5 号)相关要求，成都局集团公司车辆部组织开展了 CRH380D 型动车组国产化粉末冶金闸片(HC0006 型)小批量试用。自 202 ...

Core Viewpoint - The company Jin Qilin (603586.SH) has received notification that its CRH380D train brake pads have passed small-scale trials, indicating eligibility for market competition, but this does not guarantee market orders or direct performance contributions [1] Group 1 - The CRH380D train brake pads have successfully passed small-scale trials [1] - The qualification for market competition does not directly correlate with obtaining market orders or contributing to performance [1] - The market sales and performance contribution of the new product will depend on specific orders or contract execution [1] Group 2 - The successful trial of the new product is expected to positively impact the company's market expansion and future operating performance [1] - However, it will not have a significant impact on the company's current year operating performance [1]