| 债券代码：148180.SZ | 债券简称：23华股01 | | --- | --- | | 债券代码：148292.SZ | 债券简称：23华股02 | | 债券代码：148519.SZ | 债券简称：23华股03 | | 债券代码：148588.SZ | 债券简称：24华股01 | | 债券代码：148754.SZ | 债券简称：24华股02 | | 债券代码：148839.SZ | 债券简称：24华股03 | | 债券代码：524062.SZ | 债券简称：24华股04 | | 债券代码：524209.SZ | 债券简称：25华股01 | | 债券代码：524286.SZ | 债券简称：25华股K1 | | 债券代码：524441.SZ | 债券简称：25华股02 | 西南证券股份有限公司 关于华西证券股份有限公司监事离任的临 时受托管理事务报告 债券受托管理人 二〇二五年十二月 重要声明 本报告依据《公司债券发行与交易管理办法》、《公司债券受托管理人执业 行为准则》、《债券受托管理协议》等相关规定、公开信息披露文件、华西证券 股份有限公司（以下简称"华西证券"、"发行人"或"公司"）出具的相关说 ...

证券简称：华西证券 证券代码：002926 公告编号：2025-048 债券代码：524062 债券简称：24 华股 04 华西证券股份有限公司 2024 年面向专业投资者公开发行公司债券（第四期） 2025 年付息公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚 假记载、误导性陈述或重大遗漏。 重要提示： 债券简称：24 华股 04 债券代码：524062 债权登记日：2025 年 12 月 10 日 付息日：2025 年 12 月 11 日 2．债券名称：华西证券股份有限公司 2024 年面向专业投资者公开发行公 司债券（第四期）。 3．债券简称：24 华股 04。 4．债券代码：524062。 5．债券余额：人民币 25 亿元。 6．期限：3 年。 7．当前票面利率：2.00%。 计息期间：2024 年 12 月 11 日至 2025 年 12 月 10 日 2024 年面向专业投资者公开发行公司债券（第四期）（以下简称："本期 债券"）2025 年 12 月 11 日支付 2024 年 12 月 11 日至 2025 年 12 月 10 日期间 的利息。为保证付息工作的顺利进行， ...

Core Viewpoint - The controlling shareholder of Junting Hotel will change to a leading state-owned cultural tourism group, which may open up potential for asset injection and resource support, accelerating franchise expansion and international brand collaboration [1] Group 1: Shareholder Change and Implications - The new controlling shareholder, Hubei Cultural Tourism, possesses multiple high-quality hotel assets, scenic spots, and ongoing cultural tourism park projects, indicating a possibility of asset injection into Junting Hotel [1] - The new shareholder is expected to provide comprehensive support for Junting Hotel's front and back-end operations and capital operations, leading to an overall enhancement in capabilities while maintaining the existing management team [1] Group 2: Business Expansion and Strategic Partnerships - Junting Hotel has joined the "Bafang Alliance Digital Symbiosis Platform," establishing strategic cooperation with several leading regional hotel groups and Hangzhou Luyun Software Co., Ltd., promoting member sharing and reducing reliance on a single traffic channel [1] - The first phase of the alliance has already covered over 50 million members, indicating significant growth potential in customer engagement and market reach [1] Group 3: Financial Outlook - Despite the uncertainties regarding asset injection direction and the previously established expectations for hotel management business advancement, the company maintains its profit forecast unchanged and retains a "buy" rating [1]

机器人概念股掀涨停潮。 4日早盘，A股主要股指盘中探底回升，创业板指一度涨超1%；港股亦上扬，恒生科技指数一度涨超 1%。 具体来看，A股三大股指早盘短线冲高后震荡回落，盘中拉升集体翻红。截至午间收盘，沪指微涨 0.04%报3879.52点，深证成指涨0.35%，创业板指涨0.76%，科创50指数涨0.92%，沪深北三市合计成交 10403亿元。 盘面上，小盘股整体疲弱，旅游餐饮、煤炭、酿酒、食品饮料等板块走低；券商板块异动，长城证券 （002939）领涨；机器人概念爆发，海昌新材（300885）、华伍股份（300095）等多股涨停，江苏雷利 （300660）涨超10%；商业航天概念再度活跃，航天环宇、招标股份（301136）等涨超10%。值得注意 的是，人气牛股海王生物（000078）斩获7连板。 另有两位人士表示，美国政府正考虑在明年发布一项关于机器人技术的行政命令。 美国商务部发言人回应称："我们致力于推动机器人和先进制造业，因为它们是让关键生产回流美国的 核心。" 据一位熟悉计划的人士透露，美国交通部也正准备成立一个机器人工作组，可能在年底前宣布。除此以 外，美国国会议员对机器人技术的兴趣也在上升，共 ...

Core Viewpoint - The acceleration of commercial aerospace development in China is expected to promote the widespread adoption of applications such as mobile direct satellite connections and Beidou messaging services [1] Group 1: Industry Development - The satellite network is considered a foundational element for the construction of 6G networks, aligning with current standards and timelines for 6G development [1] - Since August, relevant authorities have indicated plans to issue satellite internet licenses, marking a significant step towards commercial operations in China's satellite internet sector [1] - The issuance of these licenses is anticipated to drive the entire industry chain towards accelerated scaling [1] Group 2: Market Opportunities - The rapid development of satellite internet is characterized by regular satellite launches, which enhance communication capacity and reduce latency [1] - There is potential for quick implementation of applications such as mobile broadband direct satellite connections and low Earth orbit satellite network-linked intelligent driving systems [1] - Continuous recommendations are made for companies benefiting from satellite communication and satellite IoT sectors [1]

证券日报网讯 12月3日，华西证券在互动平台回答投资者提问时表示，公司在定期报告中披露股东人 数，请留意公司定期报告。 （文章来源：证券日报） ...

据iFinD统计，截至12月2日，沪深两市共有128股连续5日或5日以上获融资净买入。连续获融资净买入 天数最多的股票是众辰科技，连续12个交易日获净买入；连续获融资净买入天数较多的还有赛微电子、 湖南黄金、华西证券、华达科技、上海机场、浙江新能、襄阳轴承、南微医学等股。 （文章来源：证券时报网） ...

中国经济网北京12月2日讯探路者（300005）(300005.SZ)今日收报10.42元，跌幅12.07%。 昨日，华西证券（002926）股份有限公司发布研报《探路者：公告两笔芯片收购有望贡献利润增厚》， 研究员为唐爽爽、李佳妮。研报称，考虑并购增厚利润，维持25年、上调26-27年盈利预测，上调25-27 年收入预测20.11/22.80/25.88亿元至20.11/28.29/33.42亿元；上调25-27年归母净利预测2.37/2.76/3.25亿元 至2.37/3.14/3.76亿元；对应上调25-27EPS预测0.27/0.31/0.37元至0.27/0.35/0.43元。2025年12月1日收盘价 11.85元对应25/26/27年PE分别为44/33/28X，维持"买入"评级。 ...

Core Viewpoint - The report from Huaxi Securities indicates that the recent acquisitions of chip companies by the company are expected to enhance profit margins, capitalizing on the rapid growth of the outdoor industry, which is becoming a new growth point in the apparel sector [1] Company Summary - The company is focusing on improving product functionality, increasing marketing investments, and enhancing store efficiency to boost brand strength and profitability [1] - The successful acquisition of G2Touch is primarily benefiting from technology development and expansion into downstream customers, with potential growth opportunities in the automotive sector [1] - The company is leveraging its ONCELL technology advantages and aims to develop INCELL technology, with new acquisitions expected to create complementary advantages and contribute to performance growth [1] Product Development - The company has launched four new outdoor smart products: lower limb exoskeleton, 5G smart outdoor watch, smart skiing helmet, and suspended mirror high-definition outdoor cinema, all of which show improvements in assistive effects, battery life, adaptability, lightweight design, and smart interaction [1] Financial Outlook - The company maintains its profit forecast for 2025 and raises the profit estimates for 2026-2027, with the closing price on December 1, 2025, at 11.85 yuan corresponding to PE ratios of 44, 33, and 28 for 2025, 2026, and 2027 respectively [1]

Market Overview - On December 1, the securities sector rose by 0.44% compared to the previous trading day, with Guolian Minsheng leading the gains [1] - The Shanghai Composite Index closed at 3914.01, up 0.65%, while the Shenzhen Component Index closed at 13146.72, up 1.25% [1] Individual Stock Performance - Guolian Minsheng (601456) closed at 10.54, with a gain of 3.03% and a trading volume of 720,300 shares, amounting to a transaction value of 760 million [1] - Other notable gainers included: - Zhuhai Dream Travel (601211) at 19.62, up 2.40% [1] - Changjiang Securities (000783) at 8.12, up 2.27% [1] - Conversely, Tianfeng Securities (601162) saw a significant decline of 7.66%, closing at 4.46 with a trading volume of 6,572,300 shares [2] - Dongfang Caifu (300059) decreased by 1.32%, closing at 23.09 with a transaction value of 7.102 billion [2] Capital Flow Analysis - The securities sector experienced a net outflow of 1.852 billion from institutional investors, while retail investors saw a net inflow of 1.846 billion [2] - Notable capital flows included: - Guolian Minsheng had a net inflow of 25.68 million from institutional investors, but a net outflow of 52.52 million from retail investors [3] - Xinyang Securities (601377) had a net inflow of 14.65 million from institutional investors, with retail investors contributing a net inflow of 363.22 million [3]