证券代码：002926 证券简称：华西证券 公告编号：2025-033 华西证券股份有限公司 关于 2025 年度第三期短期融资券发行结果的公告 华西证券股份有限公司2025 | 短期融资券名称 | | 短期融资券期限 | 312天 | | --- | --- | --- | --- | | | 年度第三期短期融资券 | | | | 短期融资券简称 | 25华西证券CP003 | 计息方式 | 利随本清 | | 短期融资券交易代 | | | | | 码 | | | | | 发行日期 | 2025年8月20日 | 票面利率 | 1.77% | | 起息日期 | 2025年8月21日 | 兑付日期 | 2026年6月29日 | | 计划发行总额 | 20亿元人民币 | 实际发行金额 | 20亿元人民币 | 本期发行短期融资券的相关文件已在以下网站上刊登： 特此公告。 华西证券股份有限公司董事会 本公司及董事会全体成员保证信息披露的内容真实、准确和完整，没有虚假记载、 误导性陈述或重大遗漏。 华西证券股份有限公司 2025 年度第三期短期融资券已于 2025 年 8 月 20 日 发行完毕，相关发行情况如下： ...

证券代码：002926 证券简称：华西证券 公告编号：2025-033 华西证券股份有限公司 关于 2025 年度第三期短期融资券发行结果的公告 本公司及董事会全体成员保证信息披露的内容真实、准确和完整，没有虚假记载、 误导性陈述或重大遗漏。 华西证券股份有限公司 2025 年度第三期短期融资券已于 2025 年 8 月 20 日 发行完毕，相关发行情况如下： | 短期融资券名称 | 华西证券股份有限公司2025 | 短期融资券期限 | 312天 | | --- | --- | --- | --- | | | 年度第三期短期融资券 | | | | 短期融资券简称 | 25华西证券CP003 | 计息方式 | 利随本清 | | 短期融资券交易代 码 | 072510179 | 发行价格 | 100元/百元面值 | | 发行日期 | 2025年8月20日 | 票面利率 | 1.77% | | 起息日期 | 2025年8月21日 | 兑付日期 | 2026年6月29日 | | 计划发行总额 | 20亿元人民币 | 实际发行金额 | 20亿元人民币 | 本期发行短期融资券的相关文件已在以下网站上刊登： 1、中国货币网 ...

Core Viewpoint - Ningxia Xiaoming Agricultural and Animal Husbandry Co., Ltd. has issued convertible bonds totaling RMB 329 million, approved by the China Securities Regulatory Commission, to fund its main business projects [2][3][6]. Group 1: Bond Issuance Overview - The bonds, named Xiaoming Convertible Bonds (code: 123189), were issued at a face value of RMB 100 each, with a total fundraising amount of RMB 329 million [2][3]. - The bonds will pay interest annually, with the first interest payment starting from the issuance date [4][5]. - The initial conversion price for the bonds is set at RMB 19.43 per share, based on the average trading price of the company's stock prior to the announcement [6][12]. Group 2: Fund Utilization - The net proceeds from the bond issuance will be used entirely for the company's main business-related investment projects, as approved by the shareholders [5][6]. - The specific projects funded by the bond proceeds include the Red Temple Fort Smart Agriculture Industry Demonstration Park [5][6]. Group 3: Corporate Governance Changes - The company plans to cancel its supervisory board, transferring its responsibilities to the audit committee of the board of directors, in line with the new Company Law [13][14]. - This change aims to enhance corporate governance and operational efficiency, and it has been approved by the company's board and supervisory board [13][14]. Group 4: Ongoing Monitoring and Management - Huaxi Securities, as the bond trustee, will continuously monitor significant matters affecting bondholders' rights and interests [2][14]. - The company has committed to ensuring the safety of the principal and interest payments of the bonds, with no adverse impact on its operational capabilities [13][14].

Market Overview - The A-share market experienced a sudden decline in the afternoon, with the Shanghai Composite Index dropping over 0.2% before recovering slightly, while the Shenzhen Component and ChiNext indices fell [2] - The trading volume in the Shanghai and Shenzhen markets exceeded 2 trillion yuan for the first time this year, marking the seventh consecutive trading day of such volume [2] Sector Performance - Securities stocks collectively faced a pullback, with notable declines including Changcheng Securities down over 6% and Hato Securities down over 5% [2][3] - Several high-priced stocks hit the daily limit down, including Lianhuan Pharmaceutical and Zhongdian Xindong, with others like Shunlian Bio and Sainuo Medical dropping over 8% [4] Banking Sector - In contrast, bank stocks showed strength in the afternoon, with Agricultural Bank of China and Postal Savings Bank reaching new historical highs during the session [2] Hong Kong Market - The Hang Seng Index fell over 0.5%, and the Hang Seng Tech Index dropped more than 1% [6] - AAC Technologies Holdings (02018.HK) saw a rapid decline of over 14% following the release of its interim results, despite reporting a revenue of 13.32 billion yuan, a year-on-year increase of 18.4% [6][8] Company Performance - AAC Technologies reported a gross margin of 20.7%, down 0.8 percentage points year-on-year, attributed to changes in product mix, while net profit attributable to shareholders increased by 63.1% to 876 million yuan due to improved profitability in optical business and rapid growth in precision structural components [8] - CICC noted that the overall valuation level of A-shares remains reasonable, but the rapid increase in trading volume may lead to short-term volatility [8]

华西证券指出，市场缩量震荡，同时市场隐含波动率显著收敛。往后看，行情继续上涨的情况下，若隐 含波动率迅速上升，则需要注意规避因投机热度快速升温而导致的调整风险；若隐含波动率缓慢回落， 意味着市场上涨速度可能放缓，维持7月的状态。行情下跌的情况下，若隐含波动率迅速上升，则意味 着悲观情绪快速蔓延，此时可以尝试在行情企稳时，博弈稳市预期或稳市资金推动的修复行情；若隐含 波动率缓慢回落，指向行情可能"阴跌"，进场时机待观察。 ...

Core Viewpoint - The market is experiencing a contraction in volume and a significant convergence in implied volatility, indicating potential future market behavior based on volatility trends [1] Market Outlook - In a scenario where the market continues to rise, a rapid increase in implied volatility may signal the need to avoid adjustment risks due to rising speculative enthusiasm [1] - Conversely, a gradual decline in implied volatility suggests that the pace of market increases may slow down, potentially maintaining the status observed in July [1] Downward Market Scenario - If the market declines and implied volatility rises quickly, it indicates a rapid spread of pessimistic sentiment, suggesting opportunities to speculate on stabilization expectations or recovery driven by stable capital when the market stabilizes [1] - A slow decrease in implied volatility during a downturn points to a potential "prolonged decline," necessitating careful observation for entry timing [1]

中国经济网北京8月20日讯*ST立航（603261）(603261.SH)昨日晚间披露2025年半年度报告。 立航科技于2022年3月15日在上交所主板上市，公开发行股份数量1925.00万股，每股发行价格为19.70 元，保荐机构(主承销商)是华西证券（002926），保荐代表人是李皓、陈国星。 | 主要会计数据 | 本报告期 | 上年同期 | 本报告期比上年同 | | --- | --- | --- | --- | | | (1-6月) | | 期增减(%) | | 营业收入 | 54,339,934.02 | 108,080,983.59 | -49.72 | | 利润总额 | -51,587,460.42 | -26,582,503.96 | | | 归属于上市公司股东的净利润 | -44,566,064.61 | -24,257,953.86 | | | 归属于上市公司股东的扣除非 经常性损益的净利润 | -45.185.970.72 | -26,862,883.12 | | | 经营活动产生的现金流量净额 | -41.994.810.94 | -67.721.273.09 | | 2023年至20 ...

截至2025年8月20日 09:48，中证全指证券公司指数(399975)上涨0.34%，成分股国金证券(600109)上涨3.82%，中银证券(601696)上涨2.49%，华西证券 (002926)上涨2.16%，天风证券(601162)上涨1.42%，浙商证券(601878)上涨1.09%。券商ETF(512000)上涨0.32%， 冲击3连涨。最新价报0.62元。拉长时间 看，截至2025年8月19日，券商ETF近1周累计上涨5.65%。 流动性方面，券商ETF盘中成交2.36亿元。拉长时间看，截至8月19日，券商ETF近1周日均成交21.88亿元，排名可比基金前2。 规模方面，券商ETF近1周规模增长16.78亿元，实现显著增长，新增规模位居可比基金第一。份额方面，券商ETF最新份额达454.50亿份，创近1年新高，位 居可比基金第一。资金流入方面，券商ETF最新资金净流入3.11亿元。 截至8月19日，券商ETF近1年净值上涨58.44%。从收益能力看，截至2025年8月19日，券商ETF自成立以来，最高单月回报为38.02%，最长连涨月数为3个 月，最长连涨涨幅为48.96%，上涨月份平均收益率 ...

（文章来源：每日经济新闻） 每经AI快讯，8月20日，券商股震荡走高，哈投股份涨超7%，国金证券、中银证券、华西证券、天风证 券等个股跟涨。 ...

Group 1 - The core viewpoint of the article highlights that Jingjia Micro (300474) experienced a significant decline in stock price, closing at 83.27 yuan with a drop of 7.50%, resulting in a total market capitalization of 43.519 billion yuan [1] - Huaxi Securities analyst Shan Huiwei published a report maintaining an "overweight" rating for Jingjia Micro, emphasizing the company's continuous high investment in research and development, particularly in the AI sector [1]