转自：智通财经 炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ 【长江证券：主要股东变更完成股份过户 长江产业集团成第一大股东】智通财经8月7日电，长江证券 (000783.SZ)公告称，此前披露，长江产业集团拟通过协议转让方式分别受让湖北能源、三峡资本持有 的公司529,609,894股和332,925,399股股份，占公司股份总数的比例分别为9.58%和6.02%。公司现收到 长江产业集团转来的《中国证券登记结算有限责任公司证券过户登记确认书》，本次协议转让的 862,535,293股股份已完成过户登记，过户登记时间为2025年8月6日。此次股权转让后，长江产业集团直 接持有公司962,535,293股股份（占股份总数比例17.41%），成为公司第一大股东；湖北能源、三峡资 本不再持有公司股份。长江产业集团承诺入股后60个月内不转让所控制的长江证券股权。 ...

Market Performance - On August 7, the securities sector rose by 0.11% compared to the previous trading day, with Caida Securities leading the gains [1] - The Shanghai Composite Index closed at 3639.67, up 0.16%, while the Shenzhen Component Index closed at 11157.94, down 0.18% [1] Individual Stock Performance - Caida Securities (600906) closed at 7.78, with a gain of 7.16% and a trading volume of 2.51 million shares, amounting to a turnover of 1.964 billion yuan [1] - Other notable performers included Western Securities (002673) with a closing price of 8.78, up 2.69%, and Dongfang Securities (600958) at 11.63, up 1.57% [1] Fund Flow Analysis - The securities sector experienced a net outflow of 522 million yuan from institutional investors, while retail investors saw a net inflow of 89.34 million yuan [2] - Notable net inflows from retail investors were observed in Caida Securities, with a net inflow of 23.2 million yuan, despite a net outflow from institutional and speculative funds [2]

证券代码：000783 证券简称：长江证券 公告编号：2025-047 二、股份过户登记情况 2025 年 8 月 7 日，公司收到长江产业集团转来的《中国证券登 记结算有限责任公司证券过户登记确认书》，本次协议转让款项已完 成支付，本次协议转让的 862,535,293 股股份已完成过户登记，过户 登记时间为 2025 年 8 月 6 日。 本次股权转让后，长江产业集团直接持有公司 962,535,293 股股 份（占股份总数比例 17.41%），长江产业集团及其一致行动人合计持 有公司 1,560,622,096 股股份（占股份总数比例 28.22%），长江产业集 团成为公司第一大股东；湖北能源、三峡资本不再持有公司股份。 长江证券股份有限公司 关于变更主要股东完成股份过户的公告 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。 一、本次股份转让情况概述 长江证券股份有限公司（以下简称"公司"或"长江证券"）于 2024 年 3 月 30 日在巨潮资讯网披露了《关于公司股东签署股份转让 协议、一致行动协议暨第一大股东变更的提示性公告》，公司股东长 江产业投资 ...

近年来三季度的"经济观察期"特征都较为明显。 | | | | | 中国经济月度前瞻 | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | 8月(预测) 7月(预测) | | | 6月 | 5月 | 4月 | | 内霊 | 工业 | 6.5 | + | 6.7 | | 6.8 | 5.8 | 6.1 | | | 投资 | 2. 5 | + | 2. 6 | + | 2.8 | 3.7 | 4. 0 | | | 消费 | 4.4 | - | 4.4 | - | 4.8 | 6.4 | 5.1 | | 外需 | 대 디 | 5.5 | + | 5.8 | | 5.9 | 4. 7 | 8.1 | | | 进口 | 0. 8 | l | 0. 8 | - | 1.1 | -3.4 | -0. 3 | | 价格 | CPI | -0. 4 | 1 | -0.2 | 1 | 0.1 | -0. 1 | -0. 1 | | | PPI | -2.6 | 4 | -3.3 | 1 | -3.6 | -3.3 | -2.7 | | 货 ...

Economic Outlook - The industrial growth rate is projected to be +6.5% in August, slightly down from +6.7% in July, with previous months showing +6.8% in June, +5.8% in May, and +6.1% in April [1] - Investment growth is expected to be +2.5% in August, down from +2.6% in July, with a declining trend from +2.8% in June, +3.7% in May, and +4.0% in April [1] - Consumer growth is forecasted at 4.4% in August, unchanged from July, with previous months showing +4.8% in June, +6.4% in May, and +5.1% in April [1] - External demand is projected to be +5.5% in August, down from +5.8% in July, with previous months at +5.9% in June, +4.7% in May, and +8.1% in April [1] - Import growth is expected to remain at 0.8% in August, unchanged from July, with previous months showing +1.1% in June, -3.4% in May, and -0.3% in April [1] Price Trends - The Consumer Price Index (CPI) is expected to decrease by -0.4% in August, down from -0.2% in July, with previous months at +0.1% in June, -0.1% in May, and -0.1% in April [1] - The Producer Price Index (PPI) is projected to decline by -2.6% in August, an improvement from -3.3% in July, with previous months at -3.6% in June, -3.3% in May, and -2.7% in April [1] Monetary Policy - M2 money supply growth is expected to be 8.2% in August, unchanged from July, with previous months showing 8.3% in June, 7.9% in May, and 8.0% in April [1] - Social financing growth is projected at 9.0% in August, slightly down from 9.1% in July, with previous months at 8.9% in June, 8.7% in May, and 8.7% in April [1] External Factors - The uncertainty regarding U.S. tariffs has decreased, but its impact on the global economy will manifest later [2] - China's exports are facing downward pressure, but the significant adjustment of the RMB's effective exchange rate will partially offset the impact of tariffs and external demand slowdown [2] - The real estate market is experiencing a decline in both volume and price, particularly in major cities like Beijing, Shanghai, and Guangzhou [2] Policy Insights - The third quarter has shown a clear "economic observation period" characteristic, with fiscal spending having been front-loaded this year, but the intensity may weaken marginally going forward [3] - The decline in bill rates indicates a persistent lack of endogenous credit demand [3]

Core Viewpoint - The company intends to utilize part of its temporarily idle raised funds for cash management to enhance fund efficiency and increase returns for shareholders [1][2][6]. Fundraising Overview - The company has issued 4,678,889 convertible bonds at a face value of RMB 100 each, raising a total of RMB 467,888,900, with a net amount of RMB 460,669,659.96 after deducting issuance costs [1][2]. Investment Project Details - The total investment for the high-performance filtration materials intelligent industry project is RMB 47,322.08 million, with a committed investment of RMB 34,788.89 million from the raised funds. Additionally, RMB 12,000 million is allocated for working capital [2]. Cash Management Plan - The purpose of cash management is to improve fund utilization efficiency due to the construction cycle of investment projects, ensuring that idle funds do not affect normal operations or project construction [2][3]. - The company plans to invest up to RMB 200 million of idle funds in cash management products that are safe, liquid, and low-risk, with a maturity not exceeding 12 months [3][4]. Implementation and Oversight - Cash management will be conducted through a dedicated settlement account, and the company will authorize the chairman or designated personnel to make investment decisions within the approved limits [4][5]. - The company will ensure that the income generated from cash management is managed according to regulatory requirements and will disclose information as per relevant rules [4][5]. Risk Management - The company acknowledges potential market risks but will implement strict approval and execution procedures to manage cash management product purchases and monitor their performance [5][6]. - The board and supervisory committee have reviewed and approved the cash management plan, ensuring it does not affect daily operations or project funding [6][7]. Conclusion - The cash management initiative is designed to enhance fund efficiency without compromising the company's operational integrity or shareholder interests, aligning with the overall goal of increasing returns for all shareholders [6][7].

Core Viewpoint - The establishment of the Xianning Changzheng High-tech Industry Investment Fund marks a significant step in regional investment initiatives, aiming to attract quality projects and enhance the local industrial ecosystem [1][3]. Group 1: Fund Overview - The total scale of the Xianning regional mother fund is 3 billion yuan, with contributions from various sources: 750 million yuan from the provincial government investment guidance fund, 1.5 billion yuan from Xianning's guiding fund and industrial investment platform, and 750 million yuan from Changjiang Growth Capital as social capital [3]. - The fund will focus on key industries in Xianning, including health, electronic information, green energy, and new materials, aligning with the city's "5+4" leading and emerging industries [3]. Group 2: Investment Strategy - The fund aims to attract high-quality industrial projects by leveraging Changjiang Securities' industry resource network, targeting leading domestic and international enterprises, key links in the industrial chain, and high-growth technology companies [3][4]. - A mother-fund and sub-fund structure will be employed to attract more social capital, maximizing the guiding role of provincial and municipal financial resources, and potentially forming an investment cluster of nearly 10 billion yuan [3][4]. Group 3: Value Chain Enhancement - The fund will implement a systematic empowerment mechanism to integrate capital and industry, providing value-added services such as listing guidance and strategic resource integration to invested companies [4]. - A collaborative platform involving the fund, industrial parks, and supportive policies will be established to customize industry support policies, talent introduction plans, and infrastructure guarantees for projects [4].

Group 1 - The "Second Golden Qilin Best Investment Advisor Selection" event is currently ongoing, organized by Sina Finance in collaboration with Yinhua Fund, aiming to identify outstanding investment advisors and enhance the investment advisory IP construction [1][4] - The first month's (July) performance data shows that the top investment advisor in the ETF simulation trading group is Wu Yinchao from Caitong Securities, achieving a monthly return of 21.16% [1][2] - The second and third positions are held by Lin Huijie from Dongxing Securities with a return of 17.97% and Ren Youwei from Zhongtai Securities with a return of 15.58% respectively [1][2] Group 2 - The top 10 investment advisors in the ETF simulation trading group for July are as follows: 1. Wu Yinchao (Caitong Securities) - 21.16% 2. Lin Huijie (Dongxing Securities) - 17.97% 3. Ren Youwei (Zhongtai Securities) - 15.58% 4. Long Fengli (Shenwan Hongyuan Securities) - 14.33% 5. Sun Baoyan (Cinda Securities) - 13.61% 6. Luo Fayu (Dongxing Securities) - 13.55% 7. Yin Yongzhen (Founder Securities) - 13.46% 8. Yu Yang (Shenwan Hongyuan Securities) - 13.11% 9. Zhang Hongxin (Changjiang Securities) - 12.96% 10. Lu Xiujuan (Western Securities) - 11.85% [2][5][6]

资料显示，陈水元，男，1969年出生，工商管理硕士，会计师，经济师。现任长江证券副总裁兼财务总 监；武汉股权托管交易中心监事会主席，中国证券业协会财务会计专业委员会委员。曾任湖北证券有限 责任公司营业部财务主管、经纪事业部财务经理，长江证券有限责任公司经纪事业部总经理助理、经纪 业务74总部总经理助理、营业部总经理，长江证券股份有限公司营业部总经理、总裁特别助理、执行副 总裁、财务负责人、首席风险官、合规负责人，长江证券承销保荐有限公司董事，长信基金管理有限责 任公司监事。 | | | | 2024券商CF0数据报告 | | | | | --- | --- | --- | --- | --- | --- | --- | | 简称 | CFO | 薪酬万元 | 薪酬增减 | 年龄 | 出生年份 | 学历 | | 东方财富 | 黄建海 | 332. 24 | 40. 39 | 52 | 1973 | 硕士 | | 华创云信 | 张小艾 | 260 | -7 | 55 | 1970 | 硕士 | | 广发证券 | 孙晓菲 | 225. 75 | 12. 52 | 53 | 1972 | 硕士 | | 国信证券 | ...

Core Insights - The China Securities 500 Quality Growth Index has shown a slight increase of 0.22% as of August 4, 2025, with notable stock performances from companies like ShenZhou TaiYue and JieJia WeiChuang, which rose by 8.95% and 6.00% respectively [1] - Analysts suggest that August may see a rotation of market hotspots due to a lack of performance expectations, advising caution in high-risk investments [1] - The index is currently at a historical low valuation with a price-to-book ratio (PB) of 1.92, indicating strong value for investors [2] Market Performance - The top ten weighted stocks in the China Securities 500 Quality Growth Index account for 20.47% of the index, with Dongwu Securities and Kaiying Network being the largest contributors [2] - The 500 Quality Growth ETF closely tracks the index and has recently reported a price of 1.02 yuan, reflecting a 0.20% increase [1] Investment Strategy - Analysts from Galaxy Securities recommend focusing on companies with strong performance certainty during the current reporting period, while also noting the potential for localized market movements [1] - Guotou Securities emphasizes that the current bull market logic driven by liquidity remains intact, predicting a strong market index performance in August [1]