Group 1 - The company, Hongtu Innovation Fund Management Co., has signed a sales agreement with Great Wall Securities Co., allowing the latter to act as a sales agency for certain fund products starting from November 17, 2025 [1] - Investors will be able to open accounts, subscribe, redeem, and set up regular investments through Great Wall Securities for the specified funds from the effective date [1] - The business operations are applicable only during normal subscription and redemption periods, as well as on specific open days and times, with special provisions during fund closure periods detailed in the respective fund contracts and prospectuses [2] Group 2 - There will be specific fee rate discounts for investors who subscribe to the company's funds through Great Wall Securities, with the exact terms subject to Great Wall Securities' rules [3] - The fee discount will be available from the date the fund products are open for subscription and will apply to the newly designated sales agency funds [3] Group 3 - Investors can consult for further details through Great Wall Securities or Hongtu Innovation Fund Management Co. via their respective customer service numbers and websites [4]

Group 1 - The core point of the announcement is that Hongtu Innovation Fund Management Co., Ltd. has signed a sales agreement with Great Wall Securities Co., Ltd. to designate Great Wall Securities as a sales agency for certain fund products starting from November 17, 2025 [1][5]. - Investors will be able to open accounts, subscribe, redeem, and set up regular investments for the specified funds through Great Wall Securities from the effective date [1]. - The announcement includes a note that the services are only applicable during normal subscription and redemption periods, and specific rules apply during closed periods as detailed in the fund's legal documents [2]. Group 2 - There will be fee rate discounts for investors who subscribe to the funds through Great Wall Securities, with specific details to be determined by Great Wall Securities' rules [2]. - The original fee rates can be found in the fund contracts and prospectuses, and any new funds designated for sale through Great Wall Securities will also offer these discounts from the date they open for subscription [2]. Group 3 - Investors can consult for more details through the customer service of Great Wall Securities or Hongtu Innovation Fund Management Co., Ltd. [3].

Core Viewpoint - Dongcai Fund Management Co., Ltd. has announced the addition of Changcheng Securities Co., Ltd. and Dongfang Securities Co., Ltd. as the subscription and redemption agents for several funds starting from November 17, 2025 [1][4]. Group 1: Fund Details - The following funds will have Changcheng Securities as a subscription and redemption agent: 1. New Energy Vehicle Leader ETF (Code: 159637) 2. Innovative Drug ETF (Code: 159622) 3. Securities ETF (Code: 159692) 4. Chip ETF (Code: 159599) 5. CSI 300 ETF (Code: 159330) 6. CSI 500 ETF (Code: 159337) 7. A500 ETF (Code: 159380) 8. SSE 50 ETF (Code: 530050) 9. Government Bond ETF (Code: 511160) 10. Sci-Tech Innovation Board Comprehensive Price ETF (Code: 589060) 11. ChiNext ETF (Code: 159205) 12. Internet ETF (Code: 159550) 13. Sci-Tech Innovation Board 50 ETF (Code: 589850) 14. ChiNext Comprehensive Enhanced Strategy ETF (Code: 159290) [1] - The following funds will have Dongfang Securities as a subscription and redemption agent: 1. New Energy Vehicle Leader ETF (Code: 159637) 2. Securities ETF (Code: 159692) 3. Chip ETF (Code: 159599) 4. CSI 300 ETF (Code: 159330) 5. CSI 500 ETF (Code: 159337) 6. A500 ETF (Code: 159380) 7. SSE 50 ETF (Code: 530050) 8. Government Bond ETF (Code: 511160) 9. Sci-Tech Innovation Board Comprehensive Price ETF (Code: 589060) 10. ChiNext ETF (Code: 159205) 11. Internet ETF (Code: 159550) [4][5] Group 2: Contact Information - Investors can contact Changcheng Securities at 95514 or visit their website at www.cgws.com for more information [1]. - Investors can contact Dongfang Securities at 95503 or visit their website at www.dfzq.com.cn for more information [4].

Market Overview - The participation fund sector declined by 0.53% on November 14, with Changjiang Securities leading the drop [1] - The Shanghai Composite Index closed at 3990.49, down 0.97%, while the Shenzhen Component Index closed at 13216.03, down 1.93% [1] Individual Stock Performance - Notable gainers included: - Zhongshun Group (Code: 000039) with a closing price of 8.94, up 9.96% [1] - Guomai Technology (Code: 002093) with a closing price of 11.90, up 2.15% [1] - Major decliners included: - Changjiang Securities (Code: 000783) with a closing price of 8.80, down 2.98% [2] - Huatai Securities (Code: 601688) with a closing price of 22.17, down 2.93% [2] Capital Flow Analysis - The participation fund sector experienced a net outflow of 2.136 billion yuan from institutional investors, while retail investors saw a net inflow of 1.242 billion yuan [2] - The overall capital flow indicated that speculative funds had a net inflow of 894 million yuan [2] Detailed Capital Flow by Stock - Key stocks with significant capital flow: - Zhongshun Group had a net inflow of 597 million yuan from institutional investors, but a net outflow of 378 million yuan from speculative funds [3] - Industrial and Commercial Bank of China (Code: 601398) saw a net inflow of 145 million yuan from institutional investors [3] - Other stocks like Northeast Securities (Code: 000686) and Hanhua Technology (Code: 600226) showed mixed capital flows with both inflows and outflows from different investor types [3]

Market Overview - On November 14, the securities sector declined by 1.42%, with Changjiang Securities leading the drop [1] - The Shanghai Composite Index closed at 3990.49, down 0.97%, while the Shenzhen Component Index closed at 13216.03, down 1.93% [1] Individual Stock Performance - Notable gainers included Huachuang Yuxin, which rose by 2.41% to a closing price of 7.65, and Dongbei Securities, which increased by 0.70% to 10.10 [1] - Major decliners included Changjiang Securities, which fell by 2.98% to 8.80, and Huatai Securities, down 2.93% to 22.17 [2] Trading Volume and Value - The trading volume for Huachuang Yuxin was 859,400 shares, with a transaction value of 666 million yuan [1] - Changjiang Securities had a trading volume of 1,008,200 shares, with a transaction value of 896 million yuan [2] Capital Flow Analysis - The securities sector experienced a net outflow of 3.399 billion yuan from institutional investors, while retail investors saw a net inflow of 1.989 billion yuan [2] - The net inflow from speculative funds was 1.409 billion yuan [2] Detailed Capital Flow for Selected Stocks - Dongbei Securities had a net inflow of 19.9 million yuan from institutional investors, while it faced a net outflow of 3.2652 million yuan from speculative funds [3] - Huachuang Yuxin saw a net inflow of 30.2283 million yuan from institutional investors, but a net outflow of 1.2207 million yuan from speculative funds [3]

Core Points - Duople's shareholder Cai Shuping plans to reduce his stake by up to 619,000 shares, representing no more than 1% of the total share capital, due to personal financial needs [1] - As of the announcement date, Cai Shuping holds 4,060,560 shares, accounting for 6.56% of Duople's total share capital [1] - Duople was listed on the Shenzhen Stock Exchange's ChiNext board on August 28, 2023, with an initial issuance of 15.5 million shares at a price of 71.80 yuan per share [1] - The stock reached a peak price of 185 yuan on its first trading day but has since experienced a decline, currently trading below its initial offering price [1] - The total funds raised from the IPO amounted to 1.1129 billion yuan, with a net amount of 1.0079 billion yuan after deducting issuance costs [1] - The final net fundraising amount exceeded the original plan by 518.65 million yuan [1] - The funds are intended for the construction of a non-destructive testing intelligent production base, headquarters building, and R&D center [1][2]

Announcement Details - The Hua Bao Nasdaq Select Stock Fund (QDII) will adjust the daily single account subscription limit to 50 yuan starting from November 17, 2025, for sales agents, while the limit remains at 100,000 yuan for direct sales [1] - If a single account's subscription exceeds the limit, the fund manager will confirm the subscription up to the limit, and any excess will be deemed unsuccessful [1] - During the suspension of large subscriptions, other fund operations will continue normally, and a future announcement will be made regarding the resumption of large subscriptions [1] New Sales Agents - Hua Bao Fund Management Company has added China Postal Savings Bank as a sales agent for certain funds effective November 14, 2025, following a sales agency agreement [4] - Investors can conduct account opening, subscription, and redemption through the "You Ni Tong Ying" platform of Postal Savings Bank [5] Additional Sales Agent - Hua Bao Fund Management Company has also added Great Wall Securities as a sales agent for certain funds effective November 14, 2025, following a sales agency agreement [8] - Investors can perform account opening, subscription, and redemption through Great Wall Securities [9]

| 证券代码：002939 | 证券简称：长城证券 | | | 公告编号：2025-087 | | --- | --- | --- | --- | --- | | 债券代码：148510 | 债券简称：23 | 长城 | 10 | | 长城证券股份有限公司 2023 年面向专业投资者公开发行公司债券（第五期） （品种二）2025 年付息公告 本公司及公司全体董事会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。 特别提示： 长城证券股份有限公司 2023 年面向专业投资者公开发行公司债券（第五期） （品种二）（债券简称：23 长城 10，债券代码：148510，以下简称本期债券）将 于 2025 年 11 月 17 日（2025 年 11 月 16 日为周日，顺延至其后第一个交易日） 支付 2024 年 11 月 16 日至 2025 年 11 月 15 日期间的利息，债权登记日为 2025 年 11 月 14 日。 根据《长城证券股份有限公司 2023 年面向专业投资者公开发行公司债券（第 五期）募集说明书》和《长城证券股份有限公司 2023 年面向专业投资者公开发 行公司债券 ...

| 证券代码：002939 | 证券简称：长城证券 | | | 公告编号：2025-086 | | --- | --- | --- | --- | --- | | 债券代码：148509 | 债券简称：23 | 长城 | 09 | | 长城证券股份有限公司 2023 年面向专业投资者公开发行公司债券（第五期） （品种一）付息兑付暨摘牌公告 本公司及公司全体董事会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。 特别提示： 长城证券股份有限公司 2023 年面向专业投资者公开发行公司债券（第五期） （品种一）（债券简称：23 长城 09，债券代码：148509，以下简称本期债券） 将于 2025 年 11 月 17 日（2025 年 11 月 16 日为周日，顺延至其后第一个交易日） 支付 2024 年 11 月 16 日至 2025 年 11 月 15 日期间的利息并兑付本金。 本期债券本次兑付兑息的债权登记日为 2025 年 11 月 14 日，最后交易日为 2025 年 11 月 14 日，摘牌日为 2025 年 11 月 17 日，凡在 2025 年 11 月 14 日（含 ...

Core Viewpoint - China General Nuclear Power Corporation (CGN) reported a net profit attributable to shareholders of 8.576 billion yuan for the first three quarters of 2025, a year-on-year decrease of 14.14% [1] - The third quarter net profit was 2.624 billion yuan, down 8.81% year-on-year [1] - The decline in market-based electricity prices has impacted performance, despite stable growth in power generation [1] Company Performance - The company maintains a leading position in the domestic nuclear power industry with superior unit scale and operational capabilities [1] - The decline in market-based electricity prices in key regions like Guangdong and Guangxi has temporarily pressured short-term performance [1] - The market-based electricity price in Guangdong has seen a narrowing decline, while Guangxi experienced a slight decrease due to an increase in spot market proportion [1] Industry Outlook - The downward space for electricity prices is considered limited, with marginally positive trends in Guangdong's electricity pricing policy for 2026 [1] - The nuclear power industry has clear growth expectations, supported by high utilization hours, reasonable electricity prices, and a long-term decline in depreciation and financial costs [1] - The overall scale and profits of the industry are expected to continue growing [1] Future Growth Path - The company is progressing steadily with ongoing projects and asset injections, indicating a clear long-term growth trajectory [1] - The rating for the company is maintained at "Buy" [1]