汇丰此前发布研报称，时代电气新行业销售增长，得到稳定产能扩张支持，而铁路设备销售保持稳定； 催化剂包括更强的动车组/机车招标、更快的宜兴IGBT工厂产能提升、缓解的价格战及首次派发中期股 息。汇丰指出，时代电气年内跑输恒指，维持其"买入"评级，因估值不高且新行业销售稳步进展将支持 估值重评；H股目标价从38港元上调至47港元，隐含2026年预估市盈率13倍，以反映更强的长期增长。 智通财经APP获悉，时代电气(03898)午前涨近6%，截至发稿，涨5.79%，报39.48港元，成交额1.18亿港 元。 消息面上，8月22日，时代电气公布中期业绩，上半年营业收入约122.14亿元，同比增长17.95%；净利 润约16.715亿元，同比增长12.93%。华泰证券指出，展望下半年，随着国铁大修和新增动车组招标需求 高峰期持续，以及公司在高压功率器件、新能源发电、深海装备领域逐步实现订单突破，公司业绩有望 保持稳健增长。 ...

9月8日到11日，二十五届中国国际投资贸易洽谈会将在厦门举行。本届投洽会突出"投资中国""中国投资""国际投资"三大板块，设立约12万平方米展区，将 举办70多场投资专题活动和100多场专题路演。 今日看点 9月8日重点关注的财经要闻与资本市场大事： 1、国新办将举行新闻发布会 介绍中国—东盟经贸合作情况暨第22届中国—东盟博览会、中国—东盟商务与投资峰会有关情况 9月8日，国新办将举行两场新闻发布会。上午10时，司法部部长贺荣介绍"十四五"时期推进社会主义法治建设和司法行政工作，服务经济社会高质量发展有 关情况，并答记者问。 下午3时，广西壮族自治区党委常委、副主席卢新宁，中国贸促会副会长李庆霜介绍中国—东盟经贸合作情况暨第22届中国—东盟博览会、中国—东盟商务 与投资峰会有关情况，并答记者问。 2、第二十五届中国国际投资贸易洽谈会将举行 3、605.61亿元市值限售股今日解禁 9月8日，共有12家公司限售股解禁，合计解禁量为29.35亿股，按最新收盘价计算，合计解禁市值为605.61亿元。 从解禁量来看，7家公司解禁股数超千万股。南网储能、时代电气、华秦科技解禁量居前，解禁股数分别为20.87亿股、5.9 ...

从解禁股数占总股本比例来看，5家公司解禁比例超10%。南网储能、时代电气、华秦科技解禁比例居 前，解禁比例分别为65.3%、43.42%、37.5%。 每经AI快讯，Wind数据显示，周一（9月8日），共有12家公司限售股解禁，合计解禁量为29.35亿股， 按最新收盘价计算，合计解禁市值为605.61亿元。 从解禁量来看，7家公司解禁股数超千万股。南网储能、时代电气、华秦科技解禁量居前，解禁股数分 别为20.87亿股、5.9亿股、1.02亿股。 从解禁市值来看，7家公司解禁股数超亿元。时代电气、南网储能、华秦科技解禁市值居前，解禁市值 分别为278.23亿元、230.81亿元、68.82亿元。 （文章来源：每日经济新闻） ...

格隆汇9月8日｜Wind数据显示，周一（9月8日），共有12家公司限售股解禁，合计解禁量为29.35亿 股，按最新收盘价计算，合计解禁市值为605.61亿元。从解禁量来看，7家公司解禁股数超千万股。南 网储能、时代电气、华秦科技解禁量居前，解禁股数分别为20.87亿股、5.9亿股、1.02亿股。从解禁市 值来看，7家公司解禁股数超亿元。时代电气、南网储能、华秦科技解禁市值居前，解禁市值分别为 278.23亿元、230.81亿元、68.82亿元。从解禁股数占总股本比例来看，5家公司解禁比例超10%。南网 储能、时代电气、华秦科技解禁比例居前，解禁比例分别为65.3%、43.42%、37.5%。 ...

Domestic News - A total of 40 listed companies in the A-share market will have their restricted shares unlocked next week, with a combined market value of approximately 966.01 billion yuan. The companies with the highest unlock values include Times Electric (278.23 billion yuan), Southern Power Storage (230.81 billion yuan), and BGI Genomics (133.82 billion yuan) [1] - The unlock ratios for several companies exceed 50%, with Minshida at 66.23%, Southern Power Storage at 65.3%, Sailun Biotech at 59%, and Zhejiang Hengwei at 50.95% [1] International News - The 24th Economic Ministers' Meeting of the Shanghai Cooperation Organization (SCO) was held in Vladivostok, Russia, focusing on sustainable economic growth measures and planning for future regional economic cooperation [2] - The price of domestic gold jewelry has surpassed 1,060 yuan per gram, with brands like Chow Sang Sang and Lao Miao reporting increases in their gold prices [3] - The completion of the first main tower of the Zhuhai Bridge, which connects Zhoushan's Liuhong Island and Foduo Island, marks a significant milestone in infrastructure development, with a main span of 1,768 meters [3]

Core Viewpoint - The A-share market will see a significant unlock of restricted shares, totaling approximately 966.01 billion yuan, with 40 stocks experiencing share unlocks next week [2]. Group 1: Stock Unlock Details - 40 stocks will have their restricted shares unlocked from September 8 to 12, with a total unlock market value of 966.01 billion yuan [2]. - Among these, 12 stocks have an unlock market value exceeding 10 billion yuan, with notable mentions including Times Electric (278.23 billion yuan), Southern Network Storage (230.81 billion yuan), and BGI Genomics (133.82 billion yuan) [2][4]. - Southern Network Storage and Western Gold are among the stocks with restricted shares unlocked from directed placements, while the other three are from the initial public offering (IPO) original shareholders [2]. Group 2: Unlock Proportions - A total of 13 stocks have an unlock proportion exceeding 10%, indicating a potential impact on their stock prices [5]. - Stocks such as Minshida, Southern Network Storage, Sairun Bio, and Zhejiang Hengwei have unlock proportions above 50% [5]. - The detailed table lists various stocks, their unlock dates, market values, and the proportion of shares being unlocked [7]. Group 3: Company Performance Insights - Times Electric's largest shareholder, CRRC Zhuzhou Electric Locomotive Research Institute, will unlock approximately 590 million shares, accounting for 43.42% of the total share capital [4]. - Times Electric reported a revenue of 12.214 billion yuan for the first half of 2025, reflecting a year-on-year growth of 17.95%, with a net profit of 1.672 billion yuan, up 12.93% [4]. - Minshida, listed on the Beijing Stock Exchange, achieved a revenue of 237 million yuan in the first half of 2025, marking a year-on-year increase of 27.91%, with a net profit of 63.03 million yuan, up 42.28% [8]. Group 4: Institutional Investment Insights - Institutions that participated in the directed placements of stocks like Western Gold and Southern Network Storage are expected to see positive returns from the unlocks, with Western Gold's return exceeding 180% and Southern Network Storage's over 70% [8]. - Among the 40 stocks, 15 are categorized as general equity incentive shares or restricted shares, with companies like Sany Heavy Energy and Zhaoyi Innovation having unlock market values exceeding 1 billion yuan [8].

Summary of Key Points Core Viewpoint - The A-share market will see a significant unlock of restricted shares next week, with a total market value exceeding 96 billion yuan, which may impact stock prices of the affected companies [2]. Group 1: Unlock Scale and Impact - A total of 40 stocks will have their restricted shares unlocked from September 8 to 12, with a combined market value of 966.01 billion yuan [2]. - Among these, 12 stocks have an unlock market value exceeding 1 billion yuan, with notable companies like Times Electric, Southern Power Storage, and BGI Genomics having unlock values of 278.23 billion yuan, 230.81 billion yuan, and 133.82 billion yuan respectively [2][4]. Group 2: Unlock Proportions - Thirteen stocks have an unlock ratio exceeding 10%, indicating a potentially significant impact on their stock prices. Companies such as Minshida, Southern Power Storage, and Sailun Bio have unlock ratios above 50% [5]. - The highest unlock ratio is seen in Minshida at 66.23%, followed by Southern Power Storage at 65.30% and Sailun Bio at 59.00% [7]. Group 3: Company Performance - Times Electric's major shareholder, CRRC Zhuzhou Electric Locomotive Research Institute, will unlock approximately 590 million shares, accounting for 43.42% of its total share capital. The company reported a revenue of 12.214 billion yuan for the first half of 2025, a year-on-year increase of 17.95%, and a net profit of 1.672 billion yuan, up 12.93% [4]. - Minshida, listed on the Beijing Stock Exchange, achieved a revenue of 237 million yuan in the first half of 2025, reflecting a year-on-year growth of 27.91%, with a net profit of 63.03 million yuan, up 42.28% [8]. Group 4: Institutional Investment Returns - Institutions that participated in the private placements of stocks like Western Gold and Southern Power Storage are expected to see positive returns from the unlock, with Western Gold's return exceeding 180% and Southern Power Storage's over 70% [8].

Group 1 - A total of 40 listed companies in the A-share market will have their restricted shares unlocked from September 8 to 12, with a combined market value of 966.01 billion yuan based on the latest stock prices [1] - Among these companies, Times Electric, Southern Power Storage, and Huada Zhizao have unlock market values exceeding 100 billion yuan, specifically 278.23 billion yuan, 230.81 billion yuan, and 133.82 billion yuan respectively [1] - The companies with the highest unlock ratios include Minshida, Southern Power Storage, Sailun Bio, and Zhejiang Hengwei, with unlock ratios of 66.23%, 65.3%, 59%, and 50.95% respectively [1]

Group 1 - The core viewpoint of the article highlights the performance and outlook of the HSBC Jintrust Hong Kong Stock Connect Selected Fund (006781), which reported a profit of 12.09 million yuan for the first half of 2025, with a weighted average profit per fund share of 0.1802 yuan and a net asset value growth rate of 23.73% [2] - As of September 3, 2025, the fund's unit net value was 1.149 yuan, and the fund manager is Xu Tingquan [2] - The fund's scale reached 61.259 million yuan by the end of the first half of 2025 [31] Group 2 - The fund's recent performance shows a three-month net value growth rate of 28.34%, a six-month growth rate of 37.30%, and a one-year growth rate of 85.25%, ranking it 10th among 110 comparable funds [6] - The fund's weighted average price-to-earnings ratio (TTM) is approximately 9.81 times, significantly lower than the industry average of 28.84 times, indicating a potential undervaluation [10] - The fund's weighted average revenue growth rate (TTM) for the first half of 2025 is 0.13%, and the weighted average net profit growth rate (TTM) is 0.16% [18] Group 3 - The fund's top ten holdings include major companies such as Tencent Holdings, China Biologic Products, and Alibaba Group, reflecting a diversified investment strategy [41] - The fund has maintained a high average stock position of 90.75% over the past three years, compared to the industry average of 88.09% [29] - The fund's recent six-month turnover rate is approximately 106.27%, which is consistently lower than the industry average [38]

Core Viewpoint - The stock of Times Electric has experienced fluctuations, with a recent decline of 2.01% on September 4, 2023, and a total market capitalization of 62.22 billion yuan. The company is involved in the research, design, manufacturing, and sales of rail transit equipment, with a significant portion of its revenue coming from this sector [1][2]. Company Overview - Times Electric, established on September 26, 2005, and listed on September 7, 2021, is located in Zhuzhou, Hunan Province. The company specializes in rail transit equipment, including traction conversion systems, rail engineering machinery, and communication signal systems. Its revenue composition is 56.58% from rail transit equipment, 42.94% from emerging equipment, and 0.48% from other sources [1][2]. Financial Performance - For the first half of 2025, Times Electric reported a revenue of 12.21 billion yuan, reflecting a year-on-year growth of 18.77%. The net profit attributable to shareholders was 1.67 billion yuan, marking a 10.93% increase compared to the previous year [2]. Shareholder Information - As of June 30, 2025, Times Electric had 21,800 shareholders, a decrease of 11.12% from the previous period. The average number of circulating shares per shareholder increased by 13.09% to 13,443 shares [2]. Dividend Distribution - Since its A-share listing, Times Electric has distributed a total of 4.51 billion yuan in dividends, with 3.24 billion yuan distributed over the past three years [3]. Institutional Holdings - As of June 30, 2025, the second-largest circulating shareholder is Hong Kong Central Clearing Limited, holding 15.95 million shares, a decrease of 4.56 million shares from the previous period. Other notable shareholders include Huaxia SSE STAR 50 ETF and E Fund SSE STAR 50 ETF, with varying changes in their holdings [3].