Market Overview - The trade sector increased by 1.84% on November 6, with CITIC Metal leading the gains [1] - The Shanghai Composite Index closed at 4007.76, up 0.97%, while the Shenzhen Component Index closed at 13452.42, up 1.73% [1] Stock Performance - CITIC Metal (601061) closed at 15.04, rising by 8.59% with a trading volume of 925,600 shares and a turnover of 1.374 billion [1] - Wuhuan Development (600058) closed at 9.66, up 5.23%, with a trading volume of 390,800 shares and a turnover of 375 million [1] - Sumec (600710) closed at 12.15, increasing by 3.05%, with a trading volume of 263,600 shares and a turnover of 320 million [1] - Other notable stocks include Yiatong (002183) with a 1.54% increase and Jiangsu Guotai (002091) with a 0.87% increase [1] Capital Flow - The trade sector saw a net inflow of 153 million from institutional investors, while retail investors experienced a net outflow of 1.65 billion [2] - Major stocks like CITIC Metal and Wuhuan Development attracted significant net inflows from institutional investors, with 63.23 million and 62.05 million respectively [3] - Retail investors showed a negative net flow in several stocks, including CITIC Metal and Wuhuan Development, indicating a divergence in investment behavior [3]

Core Points - The Shenzhen State-Owned Enterprises Shareholder Return Index (470064) closed at 2257.45 points, down 0.32%, with a trading volume of 24.053 billion yuan and a turnover rate of 0.97% [1] - Among the index constituents, 27 stocks rose while 22 stocks fell, with Beixin Building Materials leading the gainers at 2.45% and Yun Aluminum leading the decliners at 3.0% [1] Index Constituents Summary - The top ten constituents of the Shenzhen State-Owned Enterprises Shareholder Return Index include: - BOE Technology Group (9.31% weight, latest price 4.00 yuan, market cap 149.656 billion yuan) in the electronics sector - Hikvision (7.97% weight, latest price 31.50 yuan, market cap 288.693 billion yuan) in the computer sector - Wuliangye Yibin (7.71% weight, latest price 116.18 yuan, market cap 450.965 billion yuan) in the food and beverage sector - Luzhou Laojiao (6.59% weight, latest price 132.17 yuan, market cap 194.548 billion yuan) in the food and beverage sector - Xugong Machinery (5.75% weight, latest price 10.79 yuan, market cap 126.815 billion yuan) in the machinery equipment sector - Changan Automobile (3.88% weight, latest price 12.28 yuan, market cap 121.745 billion yuan) in the automotive sector - Shenwan Hongyuan (3.84% weight, latest price 5.45 yuan, market cap 136.468 billion yuan) in the non-banking financial sector - Yun Aluminum (3.81% weight, latest price 22.96 yuan, market cap 79.624 billion yuan) in the non-ferrous metals sector - Yanghe Brewery (3.37% weight, latest price 69.81 yuan, market cap 105.165 billion yuan) in the food and beverage sector - Tongling Nonferrous Metals (3.18% weight, latest price 5.11 yuan, market cap 68.522 billion yuan) in the non-ferrous metals sector [1] Capital Flow Summary - The net outflow of main funds from the index constituents totaled 1.125 billion yuan, while speculative funds saw a net inflow of 243 million yuan and retail investors saw a net inflow of 882 million yuan [3] - Detailed capital flow for selected stocks includes: - Tongling Nonferrous Metals: main net inflow of 88.024 million yuan, speculative net outflow of 53.924 million yuan, retail net outflow of 34.100 million yuan - Luzhou Laojiao: main net inflow of 57.790 million yuan, speculative net outflow of 22.566 million yuan, retail net outflow of 35.224 million yuan - Beixin Building Materials: main net inflow of 56.578 million yuan, speculative net outflow of 24.593 million yuan, retail net outflow of 31.985 million yuan [3]

江苏国泰国际集团股份有限公司 收购报告书 上市公司名称：江苏国泰国际集团股份有限公司 股票上市地点：深圳证券交易所 股票简称：江苏国泰 股票代码：002091.SZ 收购人：张家港市产业发展集团有限公司 注册地址：张家港市杨舍镇国泰时代广场 2 幢 1101 室 通讯地址：张家港市杨舍镇国泰时代广场 2 幢 1101 室 签署日期：二〇二五年十一月 江苏国泰国际集团股份有限公司 收购报告书 收购人声明 本声明所述的词语或简称与收购报告书"释义"部分所定义的词语或简称具 有相同的涵义。 一、本报告书系收购人根据《公司法》《证券法》《收购管理办法》《格式 准则第 16 号》及相关的法律、法规和部门规章的有关规定编写。 二、依据《公司法》《证券法》《收购管理办法》《格式准则第 16 号》的 规定，本报告书已全面披露收购人在江苏国泰拥有权益的股份。 截至本报告书签署日，除本报告书披露的持股信息外，收购人没有通过任何 其他方式在江苏国泰拥有权益。 三、收购人签署本报告书已获得相关决策机构审议通过，已获得必要的授权 和批准，其履行亦不违反收购人章程或内部规则中的任何条款，或与之相冲突。 四、本次收购尚需履行的程序包括：国 ...

江苏世纪同仁律师事务所 关于《江苏国泰国际集团股份有限公司收购报告书》 之 法律意见书 南京 市建 邺区 贤坤 路江 岛智 立方 C 座 4 层 邮编 ： 2 1 0 0 1 9 电话 ：+ 8 6 2 5 - 8 6 6 3 3 1 0 8 传真 ：+ 8 6 2 5 - 8 3 3 2 9 3 3 5 | 第一部分 | 律师声明事项 | 3 | | --- | --- | --- | | 第二部分 | 正 文 | 6 | | 一、收购人的主体资格 | | 6 | | 二、本次收购目的及收购决定 10 | | | | 三、本次收购方式 11 | | | | 四、本次收购的资金来源 15 | | | | 五、本次收购的后续计划 15 | | | | 六、本次收购对上市公司的影响分析 17 | | | | 七、收购人与上市公司之间的重大交易 | | 20 | | 八、前六个月内买卖上市交易股份的情况 | | 21 | | 九、《收购报告书》的格式与内容 | | 22 | | 第三部分 | 结论意见 | 22 | 关于《江苏国泰国际集团股份有限公司收购报告书》之 法律意见书 致：张家港市产业发展集团有限公司 江苏 ...

中信证券股份有限公司 二〇二五年十一月 1 关于 江苏国泰国际集团股份有限公司收购报告书 之 财务顾问报告 上市公司名称：江苏国泰国际集团股份有限公司 股票上市地点：深圳证券交易所 股票简称：江苏国泰 股票代码：002091.SZ 财务顾问 中信证券股份有限公司 关于江苏国泰国际集团股份有限公司收购报告书之财务顾问报告 财务顾问声明 本声明所述的词语或简称与本财务顾问报告"释义"部分所定义的词语或简 称具有相同的涵义。 根据《公司法》《证券法》《收购管理办法》及《格式准则第 16 号》等法律 法规和规范性文件的规定，中信证券按照行业公认的业务标准、道德规范，本着 诚实信用、勤勉尽责的精神，对本次收购的相关情况和资料进行了核查，对收购 人出具的《江苏国泰国际集团股份有限公司收购报告书》所披露的内容出具财务 顾问报告，以供投资者和有关各方参考。 为此，本财务顾问特作出以下声明： 1、本财务顾问已按照规定履行了尽职调查义务，对收购人披露的《江苏国 泰国际集团股份有限公司收购报告书》进行了核查，确信披露文件内容与格式符 合规定，并有充分理由确信所发表的专业意见与收购人披露的文件内容不存在实 质性差异； 2、本财务顾问 ...

江苏世纪同仁律师事务所 关于张家港市产业发展集团有限公司 免于发出要约事项的 江苏世纪同仁律师事务所 关于张家港市产业发展集团有限公司 免于发出要约事项的 法律意见书 南京 市建 邺区 贤坤 路江 岛智 立方 C 座 4 层 邮编 ： 2 1 0 0 1 9 电话 ：+ 8 6 2 5 - 8 6 6 3 3 1 0 8 传真 ：+ 8 6 2 5 - 8 3 3 2 9 3 3 5 江苏世纪同仁律师事务所 法律意见书 江苏世纪同仁律师事务所 法律意见书 3、为出具本法律意见书，本所律师事先对本次发行的有关情况进行了尽职 调查，并获得相关方如下声明和保证：相关方已向本所律师提供了出具本法律 意见书所必需且力所能及的全部有关事实材料，有关书面材料及书面证言均真 实有效，所有书面文件的签字和/或印章均属真实，所有副本材料或复印件均与 正本材料或原件一致；不存在任何虚假或误导性陈述，亦不存在任何重大遗漏。 对上述声明、保证之充分信赖是本所出具本法律意见书的基础和前提。 2、本所及本所律师依据《中华人民共和国证券法》《律师事务所从事证券 法律业务管理办法》和《律师事务所证券法律业务执业规则（试行）》等规定 及本法律意 ...

Market Overview - The trade sector experienced a decline of 0.18% on November 4, with Jiangsu Guotai leading the drop [1] - The Shanghai Composite Index closed at 3960.19, down 0.41%, while the Shenzhen Component Index closed at 13175.22, down 1.71% [1] Stock Performance - Notable gainers included *ST Huke, which rose by 4.98% to a closing price of 4.43, and CITIC Metal, which increased by 2.32% to 13.24 [1] - Jiangsu Guotai saw a decline of 2.55%, closing at 9.16, with a trading volume of 398,700 shares and a turnover of 367 million yuan [2] Capital Flow - The trade sector experienced a net outflow of 7.11 million yuan from institutional investors, while retail investors saw a net outflow of 25.13 million yuan [2] - Speculative funds had a net inflow of 32.24 million yuan into the trade sector [2] Individual Stock Capital Flow - CITIC Metal had a significant net outflow of 96.78 million yuan from institutional investors, while it attracted a net inflow of 66.61 million yuan from speculative funds [3] - Jiangsu Guotai experienced a net outflow of 55.87 million yuan from institutional investors, with retail investors contributing a net inflow of 9.18 million yuan [3]

Group 1 - Jiangsu Guotai's stock price increased by 0.64% to 9.40 CNY per share, with a trading volume of 783 million CNY and a turnover rate of 5.19%, resulting in a total market capitalization of 15.3 billion CNY [1] - The stock has risen for four consecutive days, with a cumulative increase of 10.85% during this period [1] - Jiangsu Guotai International Group Co., Ltd. was established on May 7, 1998, and listed on December 8, 2006, focusing on supply chain services and chemical new energy [1] Group 2 - The main revenue sources for Jiangsu Guotai include 81.01% from export trade in textiles, clothing, and toys, 13.58% from import and domestic trade in the same categories, 5.24% from chemical products, and 0.17% from other sources [1] - In the third quarter, Invesco Great Wall Fund held 47,400 shares of Jiangsu Guotai, representing 0.46% of the fund's net value, making it the eighth largest holding [2] - The fund has achieved a year-to-date return of 33.7% and a one-year return of 35.87%, ranking 1476 out of 4216 and 1234 out of 3894 respectively [2]

Core Insights - The article highlights the top-performing stocks in the S&P China A-Share Dividend Opportunity Index, showcasing significant price increases and dividend yields for various companies [1]. Group 1: Stock Performance - The top stock, 健盛集团 (Jiansheng Group), experienced a daily increase of 6.42% and a year-to-date increase of 19.34%, with a dividend yield of 4.65% [1]. - 江苏国泰 (Jiangsu Guotai) follows closely with a daily increase of 6.26% and a year-to-date increase of 32.93%, offering a dividend yield of 4.28% [1]. - Other notable performers include 岱美股份 (Daimai Co.) with a daily increase of 5.10% and a year-to-date increase of 15.36%, and 新澳股份 (Xinao Co.) with a daily increase of 4.17% and a year-to-date increase of 20.00% [1]. Group 2: Dividend Yields - The article lists several companies with attractive dividend yields, such as 森马服饰 (Semir Fashion) at 9.24%, 长沙银行 (Changsha Bank) at 6.48%, and 家非业 (Jiafei Industry) at 7.69% [1]. - The dividend yields for other companies in the top 20 range from 2.08% to 5.12%, indicating a generally favorable income potential for investors [1]. Group 3: Year-to-Date Performance - The year-to-date performance of the listed stocks varies significantly, with some companies like 水星家纺 (Mercury Home Textiles) showing a remarkable increase of 40.30%, while others like 科思股份 (Kesi Co.) have seen a decline of 23.81% [1]. - Overall, the data reflects a mixed performance landscape, with certain stocks demonstrating resilience and growth potential in the current market environment [1].

Market Overview - The Shanghai Composite Index fell by 0.81% on October 31, with 16 industries experiencing gains, led by the pharmaceutical and media sectors, which rose by 2.42% and 2.39% respectively [1] - The retail trade sector ranked third in terms of daily gains, while the telecommunications and electronics sectors saw the largest declines, with drops of 4.07% and 3.06% respectively [1] Capital Flow Analysis - The net outflow of capital from the two markets reached 62.903 billion yuan, with 13 industries experiencing net inflows [1] - The pharmaceutical sector had the highest net inflow of capital, totaling 4.494 billion yuan, followed by the media sector with a net inflow of 4.029 billion yuan [1] - The electronics sector faced the largest net outflow, amounting to 28.762 billion yuan, followed by the telecommunications sector with a net outflow of 11.113 billion yuan [1] Retail Sector Performance - The retail trade sector increased by 2.08% with a net capital inflow of 801 million yuan, where 79 out of 97 stocks in the sector rose [2] - Among the stocks with significant net inflows, Xiaogongmian City led with an inflow of 208 million yuan, followed by Supply and Marketing Daji and Jiangsu Guotai with inflows of 146 million yuan and 113 million yuan respectively [2] - The stocks with the highest net outflows included Bubugao, He Bai Group, and Bailian Group, with outflows of 57.659 million yuan, 26.676 million yuan, and 26.416 million yuan respectively [2]