Group 1 - The company officially appointed Zhou Zhongshan as the president and financial officer on January 16, 2026, after he served as acting president for six months [2] - Zhou Zhongshan has a background in the banking sector and joined the company in 1998, holding various positions before becoming vice president and board secretary [3] - The actual controller of the company is China Huaneng Group, a state-owned enterprise [3] Group 2 - In the first half of 2025, the company's wealth management business generated total revenue of 1.202 billion yuan, a year-on-year increase of 13.53% [3] - The company's total revenue for the first three quarters of 2025 reached 4.121 billion yuan, reflecting a year-on-year growth of 44.61% [5] - The net profit attributable to shareholders for the same period was 1.931 billion yuan, with a year-on-year increase of 75.83% [5] Group 3 - In the competitive landscape of the brokerage industry, the company focused on bond underwriting and mergers and acquisitions [4] - In 2025, the company's bond underwriting scale was 105.857 billion yuan, ranking 25th in the industry, an increase of six places year-on-year [4] - The company participated in three merger and acquisition projects as a financial advisor, with the largest transaction being a 14.68 billion yuan equity transfer project [4]

证券代码：002939 证券简称：长城证券 公告编号：2026-005 长城证券股份有限公司 关于聘任公司总裁、财务负责人及变更董事会秘书的公告 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。 长城证券股份有限公司（以下简称公司）于 2026 年 1 月 16 日召开第三届董 事会第十八次会议，审议通过《关于聘任公司总裁及相关职务调整的议案》《关 于聘任公司财务负责人的议案》《关于聘任公司董事会秘书的议案》，具体情况 如下： 一、聘任公司总裁、财务负责人 公司董事会聘任周钟山先生为公司总裁、财务负责人，任期自本次董事会会 议审议通过之日起至本届董事会换届之日止，同时解聘其公司副总裁、董事会秘 书职务。公司将按照《证券法》及相关监管要求为周钟山先生办理证券公司高级 管理人员任职备案手续。周钟山先生简历详见附件 1。 二、变更公司董事会秘书 因职务调整，周钟山先生不再担任公司董事会秘书。公司董事会聘任阮惠仙 女士为公司董事会秘书，任期自本次董事会会议审议通过之日起至本届董事会换 届之日止。公司将按照《证券法》及相关监管要求为阮惠仙女士办理证券公司高 级管理人员 ...

证券代码：002939 证券简称：长城证券 公告编号：2026-004 长城证券股份有限公司 第三届董事会第十八次会议决议公告 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。 长城证券股份有限公司（以下简称公司）于 2026 年 1 月 9 日发出第三届董 事会第十八次会议书面通知。本次会议由董事长王军先生召集，于 2026 年 1 月 16 日以通讯方式召开，应出席董事 14 名，实际出席董事 14 名。本次会议的召 集、召开符合有关法律、行政法规、部门规章、规范性文件和《公司章程》的规 定。 本次会议审议并通过了以下议案： 一、《关于聘任公司总裁及相关职务调整的议案》 聘任周钟山先生为公司总裁，任期自本次董事会会议审议通过之日起至本届 董事会换届之日止，同时解聘其公司副总裁、董事会秘书职务。 表决情况：同意 14 票，反对 0 票，弃权 0 票。 周钟山先生简历详见公司同日披露的《关于聘任公司总裁、财务负责人及变 更董事会秘书的公告》。 本议案已经公司董事会薪酬考核与提名委员会审议通过。 二、《关于聘任公司财务负责人的议案》 聘任周钟山先生为公司财务负 ...

每经AI快讯，长城证券1月16日晚间发布公告称，公司审议通过《关于聘任公司总裁及相关职务调整的 议案》《关于聘任公司财务负责人的议案》《关于聘任公司董事会秘书的议案》。公司董事会聘任周钟 山先生为公司总裁、财务负责人，同时解聘其公司副总裁、董事会秘书职务。因职务调整，周钟山先生 不再担任公司董事会秘书。公司董事会聘任阮惠仙女士为公司董事会秘书。 （记者 曾健辉） 每经头条（nbdtoutiao）——白银50天涨逾80%，疯狂程度远超黄金，历史上爆炒白银往往预示贵金属 牛市已到高潮，这次有何不同？ ...

长城证券公告称，公司第三届董事会第十八次会议审议通过多项人事议案。聘任周钟山为公司总裁、财 务负责人，同时解聘其副总裁、董事会秘书职务；因职务调整，周钟山不再担任董事会秘书，公司聘任 阮惠仙为董事会秘书，两人任期均至本届董事会换届。周钟山曾任职于中国工商银行上海市分行，1998 年加入公司。阮惠仙2003年入职公司。两人目前均未持有公司股票，无相关关联关系，也不存在不得担 任高管的情形。 ...

Group 1 - The core viewpoint is that China's gaming user spending per capita has significant growth potential compared to foreign markets, with expected increases in average revenue per user (ARPU) driven by policy support, increased game supply, and macroeconomic recovery [1] - The gaming policy environment in China has improved, with a projected issuance of 1,771 game licenses in 2025, marking a 25% increase from 2024 and a 65% increase from 2023, indicating a stable and supportive phase for the industry [1] - The overseas market for self-developed games in China is expected to reach $20.455 billion in 2025, reflecting a year-on-year growth of 10.23%, supported by a systematic national strategy for cultural export [1] Group 2 - The domestic mini-program gaming market is projected to generate revenue of 53.535 billion yuan in 2025, representing a substantial year-on-year growth of 34.39% [2] - A new agreement between Apple and Tencent regarding a 15% commission on payments within mini-program games is expected to enhance the payment process, potentially increasing iOS mini-program user numbers and improving profit margins for gaming companies [2] - The WeChat mini-game platform is set to implement a new incentive policy for in-app purchases starting January 1, 2026, which will favor developers by adjusting revenue sharing from 70:30 to 80:20 [2] Group 3 - AI is transforming the entire game development process, reducing character animation production time by 40% and significantly improving marketing efficiency through AI-generated materials and targeted advertising [3] - AI is enhancing operational efficiency by providing intelligent customer service and improving material risk detection, thus streamlining the gaming experience [3] - New AI-driven gameplay experiences are being developed, such as "Endgame Duel" and the AI-native application "EVE," which integrate emotional dialogue and personalized immersive experiences [3]

基金管理人：鹏华基金管理有限公司 基金托管人：长城证券股份有限公司 [重要提示] 1、鹏华上证科创板芯片设计主题交易型开放式指数证券投资基金（以下简称"本基金"）的募集及其基 金份额的发售已获中国证监会证监许可〔2025〕2591号文注册。中国证监会对本基金募集的注册并不代 表中国证监会对本基金的风险和收益作出实质性判断、推荐或者保证。 2、本基金是交易型开放式，股票型基金。 3、本基金管理人为鹏华基金管理有限公司，基金托管人为长城证券股份有限公司，登记机构为中国证 券登记结算有限责任公司。 4、投资者可选择网上现金认购、网下现金认购两种方式认购本基金。本基金暂不开通网下股票认购， 若后续开通网下股票认购，届时将另行公告。网上现金认购是指投资人通过基金管理人指定的具有基金 销售业务资格的上海证券交易所会员用上海证券交易所网上系统以现金进行的认购，网下现金认购是指 投资人通过基金管理人及其指定的发售代理机构以现金进行的认购。 5、本基金募集期自2026年01月19日至2026年01月30日，通过网上现金认购、网下现金认购两种认购方 式公开发售。基金管理人可根据募集情况适当延长或缩短本基金的募集期限并及时公告。 ...

Announcement Information - The company announced that starting from January 20, 2026, it will resume handling the mentioned business without further notice [1] - Investors can visit the company's website (www.igwfmc.com) or call the customer service hotline (400 8888 606) for inquiries [1] New Sales Institution Information - The company has signed a sales agreement with Changcheng Securities Co., Ltd. to start selling the Invesco Great Wall Growth Preferred Mixed Securities Investment Fund (Fund Code: 025925) from January 15, 2026 [2] - Sales institution details include: - Name: Changcheng Securities Co., Ltd. - Address: 10-19th Floor, South Tower, Energy Building, 2026 Jintian Road, Futian District, Shenzhen - Legal Representative: Zhang Wei - Contact Person: Liu Bingxin - Contact Number: 0755-22664614 - Customer Service Phone: 95514 - Website: www.cgws.com [2] Investor Consultation Channels - Investors can consult details through: - Changcheng Securities Co., Ltd. Customer Service Phone: 95514, Website: www.cgws.com [3] - Invesco Great Wall Fund Management Co., Ltd. Website: www.igwfmc.com [4] Fund Trading Price Premium Risk Notice - The company issued a notice regarding the significant premium of the trading price of the Invesco Great Wall Nasdaq Technology Market Capitalization Weighted ETF (QDII) (Trading Code: 159509) over the reference net asset value [6] - To protect investor interests, the fund will suspend trading from the market opening on January 15, 2026, until 10:30 AM [6] - If the trading price premium does not effectively decrease, the fund reserves the right to apply for temporary trading suspension or extend the suspension time [6] Fund Operation Status - Currently, the fund is operating normally with no undisclosed significant information [7]

长城证券股份有限公司 年 月 日 | 债券名称 | 长城证券股份有限公司 年面向专 长城证券股份有限公司 年面向专 2026 2026 | | --- | --- | | | 业投资者公开发行公司债券（第一期） 业投资者公开发行公司债券（第一期） | | | （品种一） （品种二） | | 债券简称 | 长城 长城 26 01 26 02 | | 债券代码 | 524616 524617 | | 信用评级 | AAA/AAA AAA/AAA | | 评级机构 | 联合资信评估股份有限公司 联合资信评估股份有限公司 | | 发行总额（亿元） | 12 8 | | 债券期限 | 2 年 3 年 | | 票面年利率（％） | 1.85% 1.93% | | 利率形式 | 固定利率 固定利率 | | 付息频率 | 每年付息一次 每年付息一次 | | 发行日 | 2026 年 1 月 8 日-2026 年 1 月 9 日 2026 年 1 月 8 日-2026 年 1 月 9 日 | | 起息日 | 2026 年 1 月 9 日 2026 年 1 月 9 日 | | 上市日 | 2026 年 1 月 15 日 2026 ...

Group 1 - The core viewpoint of the report is that the domestic commercial aerospace industry is entering a phase of collective effort, with a focus on advancing product performance and cost efficiency through the perovskite tandem route, which could provide significant advantages for future competitive positioning [1] - The strategic value of low Earth orbit resources is increasingly highlighted due to SpaceX's dominant position, prompting a shift in China's aerospace ecosystem towards collaboration between state-owned and commercial enterprises, moving from isolated efforts to full-chain cooperation [1] - Major projects like the National Grid Constellation and Qianfan Constellation are expected to accelerate, with plans to deploy over 200,000 satellites within a specified timeline, including launching the first satellite within 7 years and completing 10% deployment within 9 years [1] Group 2 - The demand for cost reduction in power systems is driven by the commercial ecosystem, where power systems account for approximately 22% of the total satellite platform cost, and solar cell arrays represent 60%-80% of that cost [2] - The high cost of gallium arsenide photovoltaic cells, ranging from $50 to $150 per watt, and the final processing costs for flexible solar wings can exceed one million RMB per square meter, making them significantly more expensive than silicon-based cells [2] - The transition to p-type heterojunction technology is advantageous due to its lower defect impact under high-energy particle radiation, with advanced p-type ultra-thin HJT cells achieving thicknesses of 50-70μm, which reduces launch payloads and maintains competitive cost levels [3] Group 3 - Perovskite solar cells are seen as a promising ultimate solution for space applications, as their limitations in water vapor and oxygen are naturally resolved in space, making them suitable for spacecraft with shorter lifespans of 5-7 years [4] - The cost of materials and equipment for perovskite has significantly decreased due to advancements in ground-level production, and their energy-to-weight ratio of 20-50W/g is superior to gallium arsenide and crystalline silicon [4] - Although further validation of perovskite technology is needed, its customizable design and ongoing optimization of materials and processes could enhance its development as a core solar power solution for both low Earth orbit and deep space applications [4]