"十五五"规划建议提出，加快高水平科技自立自强，引领发展新质生产力。长江证券党委书记、董事长 刘正斌日前在接受中国证券报记者专访时表示，资本市场正在提升对新产业、新业态、新技术的包容 性，主动适应科技创新发展需要和科技型企业成长需求，包括证券公司在内的金融机构更须专注主业、 完善治理、错位发展，在更加精准有效促进发展新质生产力上优势互补、各展所长。 刘正斌表示，近年来，长江证券围绕金融"五篇大文章"，锚定服务实体经济发展、科技产业创新、社会 财富管理、区域重大战略"四个服务"功能定位，着力增强核心功能和核心竞争力，致力于打造综合型资 本中介、科技型金融机构、责任型公众公司。 ● 本报记者 徐昭 林倩 发挥三大优势 破解新质生产力价值密码 新质生产力的显著特点是创新，既包括技术和业态模式层面的创新，也包括管理和制度层面的创新。刘 正斌表示，当前资本市场价值发现的功能再度被重视，金融机构所面对的既是服务国家战略的时代机 遇，也是追本溯源、回归功能定位的最好时机。 相比其他金融机构，刘正斌认为，证券公司对市场脉搏和市场波动更有敏锐感知力，可以通过投研、投 资、投行、资管等全业务链深度对接投融资两端、境外与境内、市场 ...

11月20日，深圳会展中心（福田），2025中国证券业投资银行高峰论坛顺利举办。 作为"第十九届深圳国际金融博览会暨2025中国金融机构年会"的重要组成部分，本次论坛主办方证券时报社特邀 投资银行领域的权威机构、特色券商、领军人物等，共同解码资本市场变革下的投行转型战略。 2024年下半年以来，中资企业赴港上市不断回暖。银河证券执委会委员吴鹏在主题演讲中指出，当前香港市场正 迎来多年一遇的窗口，2025年香港IPO发行踊跃，融资规模同比上涨超过200%；IPO公司首日平均涨幅59.3%；再 融资市场也迎来热潮。他预计港股市场的火热趋势会持续到2026年，中资投行也将迎来跨境业务的发展良机。 在经济结构深度调整与产业升级加速的背景下，国内投资银行正在以"区域深耕"与"赛道专精"为两大核心战略， 重构竞争格局。长江证券副总裁、长江保荐董事长王承军在主题演讲中表示，多年来，长江证券持续探索迭代深 耕模式，后续拟进一步通过服务地方平台公司、共同组建基金、招引产业链优质企业等方式，发挥投行"引路 者"功能，为行业贡献更多可供参考的创新案例。 与此同时，本场高峰论坛还设有两场圆桌对话。其中，浙商证券副总裁程景东、五矿证券 ...

证券之星消息，2025年11月20日首钢股份（000959）发布公告称公司于2025年11月19日接受机构调研，招 商基金郭锐 王垠 郭敏 康凯 林澍 罗丽思 李毅 马海林 耿浩然 王奇超 刘畅 孙燕青 曾子潇、长江证券赵超 郝钰参与。 具体内容如下： 问：了解到公司今年前三季度业绩是不错的，想了解各类产品的盈利水平情况？ 答：公司坚持打造"制造+服务"竞争优势，保持较高的研发强度，推动技术创新成为第一竞争力，前三季 度实现归母净利润 9.53亿元，同比增长 368.13%。公司电工钢、汽车板、镀锡板产品竞争力稳步提升，保 持了较好的盈利能力。围绕打造中厚板成为第四大战略产品，公司深入挖掘新能源、新材料、高端装备、 海洋装备等新兴产业发展需求，持续优化产品结构和用户渠道，扩大高端客户和高端产品供货份额，打造 高端差异化产品集群，形成首钢中厚板比较竞争优势；深挖产线装备潜力和工艺攻关，不断降低生产成 本，提升产品质量和产量规模，中厚板盈利能力持续提升。 问：公司电工钢的产量持续升，今年的产量预计有多少？后续产品结构有何规划？ 答：公司作为集电工钢研发、制造、销售与服务于一体的综合性材料服务商，通过十余年的探索与 ...

Group 1 - The core viewpoint of the article highlights that Hexing Packaging (SZ 002228) has engaged in investor research, indicating active communication with stakeholders [1] - For the first half of 2025, Hexing Packaging reported that its revenue composition is entirely from the packaging manufacturing industry, with a 100.0% share [1] - As of the report date, Hexing Packaging has a market capitalization of 4.9 billion yuan [1]

Core Viewpoint - Slin Co., Ltd. (SZ 301550) announced that it will accept investor research on November 19, 2025, with participation from key executives including the chairman and board secretary [1] Company Overview - For the fiscal year 2024, Slin Co., Ltd. reported that 98.79% of its revenue came from automotive parts manufacturing, while other businesses accounted for 1.21% [1] - As of the report date, Slin Co., Ltd. has a market capitalization of 19.1 billion yuan [1]

Core Insights - Ganfeng Lithium achieved a net profit attributable to shareholders of 557 million yuan in Q3 2025, representing a year-on-year increase of 364% and a quarter-on-quarter increase of 417% [1] - The recovery in lithium prices has led to improved profitability for the company [1] - The company is entering a phase of accelerated resource self-supply, which is expected to enhance self-supply rates and improve production costs [1] Industry and Company Developments - Since Q3, lithium prices have stabilized and rebounded, benefiting Ganfeng Lithium as a leading resource company with faster self-supply rate improvements and ongoing cost optimization [1] - Ganfeng Lithium continues to invest in its battery business, holding the largest global capacity for lithium metal, positioning itself to benefit from the future demand for solid-state batteries in lithium-ion technology [1] - The long-term growth potential of the company is significant, making its investment value worthy of attention [1]

Core Insights - The report highlights the development of listed companies in Hubei Province, indicating a total of 151 A-share companies by the end of 2024, ranking 10th nationally and 2nd in central China [1] - The total market capitalization of Hubei's A-share companies is 14,634 billion yuan, ranking 13th nationally, with an average market cap of 9.7 billion yuan, indicating a lack of large-scale leading enterprises [1][2] - The report identifies key sectors such as information technology, industrial, and healthcare, with a notable presence of optoelectronics and biomedicine [1][2] Group 1: Overview of Listed Companies - By the end of 2024, Hubei Province had 151 A-share listed companies, maintaining its 10th position nationally and 2nd in central China [1] - The province added 5 new A-share companies in 2024, all of which are private enterprises, reflecting the strength of Hubei's advantageous industries [1][2] - The distribution of listed companies shows a concentration in Wuhan, which accounts for over half of the total number and market value in the province [1][2] Group 2: Financial Performance - In 2024, the total assets of Hubei's listed companies reached 19,092 billion yuan, with net assets at 8,308 billion yuan, showing a slight decline year-on-year [2] - Total operating revenue was 9,554 billion yuan, relatively stable, while net profit dropped to 229 billion yuan, a significant decrease of 43.83% [2][3] - The net asset return rate was 2.73%, below the national average, indicating ongoing challenges in profitability [2][3] Group 3: Capital Operations - In 2024, Hubei's newly listed companies raised 3.39 billion yuan, with a refinancing scale of 5 billion yuan and merger and acquisition transactions amounting to 44.3 billion yuan [2] - The report notes an increase in market activity, with dividends and buybacks totaling 23 billion yuan [2] Group 4: Governance Structure - The governance structure of listed companies in Hubei is improving, with ongoing optimization of shareholder structures and board systems [2] - The quality of information disclosure is steadily increasing, contributing to a more stable regulatory environment [2] Group 5: Regional Economic Impact - The economic value added by listed companies in Hubei reached 1,929 billion yuan in 2024, with a labor productivity of 335,000 yuan per person [2] - R&D investment totaled 37.9 billion yuan, with a research intensity of 3.97%, surpassing the national average [2] Group 6: Challenges and Recommendations - Hubei's listed companies face challenges such as a high proportion of traditional industries, insufficient financing, and low innovation conversion rates [3] - The report suggests measures to encourage industrial transformation, cultivate capital market entities, and enhance innovation mechanisms to promote high-quality development [3]

Core Viewpoint - The 2025 China Securities Industry Asset Management Summit highlighted the evolving landscape of the asset management industry, emphasizing the need for innovation and adaptation in response to market changes and new demands [2][3]. Group 1: Industry Trends - The asset management industry in China is experiencing a transformation with a more rational business structure and enhanced operational standards, leading to increased competitiveness [2]. - Three major trends are reshaping the securities asset management ecosystem: digital empowerment through AI and large model technologies, upgraded demand for innovative products like retirement and green investments, and a shift from traditional investment management to comprehensive solution providers [2][3]. Group 2: Challenges and Strategies - The asset management sector faces significant challenges, including asset scarcity, low interest rates, and high volatility, necessitating a transition from a single high-yield asset model to a multi-strategy approach [3]. - Firms must focus on brand cultivation and long-term development while enhancing active management capabilities and customer service to meet market demands effectively [3]. Group 3: Forum Highlights - The forum featured two roundtable discussions addressing opportunities and challenges in the post-public offering era and strategies for product layout in a low-interest-rate environment [4]. - The "2025 China Securities Industry Asset Management Jun Ding Award" was announced, recognizing outstanding contributions in the asset management field [4][6].

证券代码：000783 证券简称：长江证券 公告编号：2025-071 长江证券股份有限公司关于 中国证券监督管理委员会对公司为长江保荐 提供净资本担保和流动性担保承诺无异议的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 近日，长江证券股份有限公司（以下简称"公司"）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《关于长江证 券为长江承销保荐提供净资本担保和流动性担保承诺事项的复函》 （机构司函〔2025〕1589 号，简称"复函"）。 根据该复函，中国证监会对公司向长江证券承销保荐有限公司 （简称"长江保荐"）提供人民币 4.5 亿元净资本担保和人民币 5 亿 元流动性担保承诺无异议。公司及长江保荐将严格按照本复函要求， 结合风险管理实际需求，依法履行相应程序后使用净资本担保和流动 性担保承诺。 特此公告 长江证券股份有限公司董事会 二〇二五年十一月二十日 1 2 ...

Core Viewpoint - Northern Huachuang's net profit attributable to shareholders for Q3 2025 reached 1.922 billion yuan, representing a year-on-year increase of 14.60% [1] - The net profit attributable to shareholders for the first three quarters was 5.130 billion yuan, with a year-on-year growth of 14.83% [1] Group 1: Company Performance - The company is positioned as a leading state-owned enterprise in the domestic semiconductor equipment sector, showcasing significant advantages in both technology and product offerings [1] - The company's products have been successfully adopted in bulk by first-tier manufacturers in the downstream market [1] Group 2: Industry Outlook - There is substantial potential for domestic substitution in the semiconductor business, indicating a favorable long-term growth trajectory for the company [1] - Continuous investment in research and development is enabling the company to achieve new product applications and enhance its product matrix [1] Group 3: Investment Recommendation - The company is expected to see long-term improvements in revenue scale and profitability due to the established trend of domestic semiconductor equipment substitution [1] - The recommendation to maintain a "buy" rating reflects confidence in the company's future performance [1]