Core Viewpoint - The announcement details the addition of new sales agencies for various funds managed by Invesco Great Wall Fund Management Co., Ltd., effective January 5, 2026, to better meet investor needs [1][6][10]. Group 1: Fund Sales Agencies - Guosheng Securities Co., Ltd. will sell the Invesco Great Wall ChiNext Index Enhanced Securities Investment Fund [1]. - Qingdao Bank Co., Ltd. will sell the Invesco Great Wall Hong Kong-Shanghai Stock Connect Selected Equity Fund [6]. - Sichuan Tianfu Bank Co., Ltd. will sell certain funds managed by Invesco Great Wall [10]. Group 2: Business Operations - Subscription and redemption services are only available during normal subscription periods and specific open days [2][7][11]. - Regular investment plans allow investors to set up automatic deductions for fund purchases [2][7][12]. - Fund conversion services will be subject to the availability of redeemable and purchasable statuses of the respective funds [2][7][12]. Group 3: Investor Support - Investors can contact Invesco Great Wall Fund Management Co., Ltd. for inquiries at 400 8888 606 or visit their website [4][8]. - Guosheng Securities Co., Ltd. provides customer service at 956080 and has a dedicated website for further information [1][4]. - Qingdao Bank Co., Ltd. and Sichuan Tianfu Bank Co., Ltd. also offer customer service and online resources for investors [6][11].

据智通财经报道，近日，郑震湘已正式卸任国盛证券研究所副所长一职，并从国盛证券离职。 公开资料显示，郑震湘曾任国盛证券研究所联席所长兼电子首席分析师，拥有超过10年证券研究经验，曾先后在中泰证券、国盛证券、方正证券等机构任 职，2018年12月至2023年8月期间首次任职于国盛证券并担任联席所长，2024年12月重返国盛证券并再次担任联席所长，后于2025年离职。截至2023年8月， 他已8次入选新财富最佳分析师榜单，研究领域覆盖电子科技产业与智能汽车领域。 公开资料显示，国盛证券成立于2002年12月，注册资本为46.95亿元，2012年4月16日在深圳证券交易所上市，经营范围涵盖证券经纪、证券自营、证券承销 与保荐、证券投资咨询、财务顾问、融资融券、转融通、约定购回式证券交易、证券投资基金销售、新三板做市、港股通、股票期权等。 财务数据方面，2025年前三季度，国盛证券实现营业收入18.56亿元，同比增长46.84%；实现净利润2.42亿元，同比增长191.21%。截至2025年三季度末，国 盛证券总资产为487.90亿元，应收账款为12.00亿元，经营活动产生的现金流量净额为-3.63亿元。 据智通财经报 ...

每经AI快讯，国盛证券1月5日晚间发布公告称，经江西省人民政府同意，江西省交通运输厅将其持有 的江西省交通投资集团有限责任公司（以下简称"江西交投"）90.00%股权无偿划转至江西省国有资产监 督管理委员会（以下简称"江西省国资委"）。 2025年12月22日，江西省国资委与江西省交通运输厅就该股权划转事项签署无偿划转协议。本次划转完 成后，公司控股股东仍为江西交投，实际控制人由江西省交通运输厅变更为江西省国资委。 2025年12月31日，江西交投90.00%股权无偿划转至江西省国资委的变更登记手续已办理完毕。 每经头条（nbdtoutiao）——秒光！1499元飞天茅台上线即空，i茅台App冲上苹果购物榜第一，10万用 户已下单！经销商同价做回馈，1000箱很快卖完 （记者 贾运可） ...

具体内容详见公司于 2025 年 11 月 20 日披露的《关于公司控股股东股权无 偿划转暨实际控制人变更的提示性公告》（公告编号：2025-061），于 2025 年 12 月 26 日披露的《关于公司控股股东股权无偿划转暨实际控制人变更的进展公 告》（公告编号：2025-066）及《收购报告书摘要》，于 2025 年 12 月 27 日披 露的《收购报告书》。 二、本次股权无偿划转变更登记完成情况 2025 年 12 月 31 日，江西交投 90.00%股权无偿划转至江西省国资委的变更 登记手续已办理完毕。 证券代码：002670 证券简称：国盛证券 公告编号：2026-001 国盛证券股份有限公司 关于公司控股股东股权无偿划转事项完成变更登记的公告 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、本次股权无偿划转的基本情况 经江西省人民政府同意，江西省交通运输厅将其持有的江西省交通投资集团 有限责任公司（以下简称"江西交投"）90.00%股权无偿划转至江西省国有资产 监督管理委员会（以下简称"江西省国资委"）。 2025 年 12 月 22 日，江西 ...

国盛证券公告，经江西省人民政府同意，江西省交通运输厅将其持有的江西省交通投资集团有限责任公 司90.00%股权无偿划转至江西省国有资产监督管理委员会。2025年12月31日，江西交投90.00%股权无 偿划转至江西省国资委的变更登记手续已办理完毕。本次划转完成后，公司控股股东仍为江西交投，实 际控制人由江西省交通运输厅变更为江西省国资委。 ...

Core Viewpoint - The year 2026 marks a significant turning point in China's economic history, transitioning from "scale dividends" to a focus on "system security and quality efficiency revolution" as the old trade and growth logic fails [1][2]. Group 1: Economic Transition - The "Fifteen Five" plan signifies a shift in China's economic strategy, with a complex non-linear system emerging that renders traditional GDP growth and monetary policy approaches ineffective [2][3]. - Historical patterns show that every five-year plan corresponds with a restructuring of wealth logic, indicating the importance of understanding policy language to navigate economic changes [1][11]. Group 2: Policy Interpretation - The upcoming "Fifteen Five" plan presents unprecedented complexities in macroeconomic policy, making it challenging to translate administrative language into actionable asset allocation strategies [3][12]. - The course led by Dr. Xiong Yuan aims to decode the "Fifteen Five" plan's core keywords, distinguishing between soft guidance and hard constraints, which is crucial for investors [14][15]. Group 3: Investment Strategy - Investors must prepare for the new economic environment by understanding the implications of central government leverage and the boundaries of fiscal policy post-2026 [12][15]. - The course will cover how to utilize forward-looking indicators like PMI and PPI to anticipate policy shifts and manage the time lag between policy announcements and market reactions [12][15].

智通财经APP获悉，国盛证券发布研报称，国内光伏新增装机延续"稳中有升"态势，1–10月累计达 252.87GW，同比增长39%，其中政策驱动下的抢装潮推动5月单月装机高达92.92GW。供给侧来看，行 业2025年迎来系统性""反内卷"拐点。价格自7月低点上涨近50%，多晶硅行业整合启动，预计2026年价 格中枢将稳定于60–80元/kg，龙头盈利有望显著修复。技术端，BC技术凭借背面无遮挡设计实现高端 分布式溢价，钙钛矿正式迈入GW级量产元年，去银化加速。 价格核心关注协鑫科技(03800)、通威股份(600438.SH)、大全能源(688303.SH)、晶澳科技(002459.SZ)、 天合光能(688599.SH)、晶科能源(688223.SH)、隆基股份(601012.SH)、TCL 中环(002129.SZ)、双良节能 (600481.SH)、福莱特(601865.SH)、福斯特(603806.SH)等。 新技术带来估值提升机会：随着产业盈利开始修复，带来降本增效的新技术有望实现从0到1的过程，核 心关注聚和材料(688503.SH)、帝科股份(300842.SZ)、爱旭股份(600732.SH) ...

Core Viewpoint - Silicon photonics is not merely a substitute for existing technologies but represents a revolutionary shift in the optical communication industry, reshaping the entire value chain and creating new opportunities for domestic leaders with independent PIC design capabilities [1][2]. Industry Insights - The demand for optical communication is accelerating, necessitating higher standards for both upstream supply and rapid iteration, which silicon photonics can meet through its capacity flexibility, high integration, low power consumption, and rapid iteration capabilities [1]. - Silicon photonics technology integrates photonics with established semiconductor manufacturing processes, shifting the focus from discrete components to a more centralized design approach, enhancing the core position of PIC design companies within the industry [2]. Market Potential - The synergy between silicon photonics and CPO (Co-Packaged Optics) is expected to unlock a scale-up market, representing a systemic revolution from "electrical interconnect" to "optical interconnect," thus expanding the market space significantly beyond traditional optical modules [3]. - The full-scale interconnect technology enabled by silicon photonics will break existing limitations in density, power consumption, and distance, creating a market that is an order of magnitude larger than the traditional optical module market [3]. Key Companies to Watch - Key silicon photonics chip manufacturers include: Zhongji Xuchuang, Xinyi Sheng, Xihe Technology, Saili Technology, Kecuan Photonics, Xilian Optoelectronics, Bopu Semiconductor, Ayar Labs, and Intel [4]. - Notable silicon photonics fab manufacturers are: SMIC, Huahong Semiconductor, Tower, and Global Foundry [4]. - CW light source manufacturers include: Yuanjie Technology, Shijia Photonics, Yongding Co., and Lumentum [4]. - Companies providing silicon photonics supporting devices and solutions include: Tianfu Communication, Dongtian Micro, and Weiteng Electric [4]. - Silicon photonics module suppliers consist of: Guangxun Technology, Huagong Technology, Cambridge Technology, and Liante Technology [4].

智通财经获悉，近日，郑震湘已正式卸任国盛证券研究所副所长一职，并从公司离职。公开资料显示， 郑震湘曾任国盛证券研究所联席所长兼电子首席分析师，拥有超过10年证券研究经验，曾先后在中泰证 券、国盛证券、方正证券等机构任职。2018年12月至2023年8月期间首次任职于国盛证券并担任联席所 长，2024年12月重返国盛证券并再次担任联席所长，后于2025年离职 。截至2023年8月，他已8次入选 新财富最佳分析师榜单。研究领域覆盖电子科技产业与智能汽车领域 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！ ...

Core Viewpoint - The report from Guosheng Securities forecasts significant growth in the domestic energy storage industry, with expectations of a 111% year-on-year increase in new installations by 2026, reaching 283.63 GWh, and a conservative estimate of an average annual addition of over 200 GWh in domestic large-scale storage [1][4]. Domestic Large-Scale Storage - The domestic large-scale storage market is expected to benefit from policy incentives and increasing independent storage capacity, with a focus on how price transmission affects company performance [2][3]. - The price of lithium carbonate is projected to rise to 92,600 yuan per ton by December 2025, with a 13.4% month-on-month increase in the average bidding price for lithium battery energy storage EPC in November [2]. Overseas Storage Market - The trend of AI-integrated storage is anticipated to drive significant growth in the U.S. energy storage demand, with expected increments of 10 GWh in 2026, 27 GWh in 2027, and 39 GWh in 2028, accounting for 15%, 38%, and 40% of total U.S. storage demand respectively [5]. - The North American energy storage integration market is highly concentrated, with Tesla, Sungrow, and Powin being the top three market share holders [5]. International Household and Commercial Storage - The Australian household storage market is expected to grow significantly due to increased subsidies, with the government raising support to 7.2 billion AUD, while Hungary has initiated a 280 million USD subsidy plan for household storage [6]. - The demand for commercial storage in Europe, Southeast Asia, and Africa is projected to increase due to high electricity costs, with a long-term potential of 146 GWh in these regions [6]. Investment Targets - Key companies to watch in the large-scale storage sector include Sungrow (300274.SZ), Haibo Technology (688411.SH), Canadian Solar (688472.SH), Tongrun Equipment (002150.SZ), and Shuneng Electric (300827.SZ) [7]. - In the household storage segment, notable companies include Deye Technology (605117.SH), Airo Energy (688717.SH), Jinlang Technology (300763.SZ), Goodwe (688390.SH), Kstar (002518.SZ), and Pylon Technologies (688063.SH) [7].