证券代码：600030 证券简称：中信证券 公告编号：临2025-087 中信证券股份有限公司 第八届董事会第四十次会议决议公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或 者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 独立非执行董事候选人（两名）：刘俏、李兰冰 上述候选人任期自公司股东大会审议通过之日起，至第八届董事会届满之日。 公司董事会授权公司经营管理层在上述董事委任正式生效后与其签订董事服务合 同，并办理相关备案事项。 本议案以拟提交2025年第一次临时股东大会、2025年第一次A股类别股东会、 1 2025年第一次H股类别股东会审议的《关于修订公司<章程>及<股东大会议事规则>< 董事会议事规则>的议案》获得批准，及拟提交2025年第一次临时股东大会审议的《关 于不再设置监事会的议案》获得批准为前提，并在股东大会审议通过增补董事的议 案后生效。 会议以记名投票方式表决，全体参与表决的董事一致同意并做出如下决议： 一、同意《关于增补公司第八届董事会董事的预案》并同意提交公司股东大会 审议 表决情况：同意9票，反对0票，弃权0票，获得通过。本议案需提交股东大会审 ...

新莱福公告，股东中信证券-渤海银行-中信证券新莱福员工参与创业板战略配售集合资产管理计划持股 87.43万股，占公司总股本0.83%、剔除回购专用账户后总股本0.84%。该资管计划拟自公告披露日起十 五个交易日后的三个月内，即2025年12月16日至2026年3月15日，通过大宗交易或集中竞价减持不超 87.43万股，减持比例不超总股本0.83%、剔除回购后0.84%，减持价格按届时市场价确定。 ...

Group 1 - The stock of Xinde New Materials (301349.SZ) closed at 50.22 yuan, with a decline of 2.20%, and a total market capitalization of 5.122 billion yuan, currently in a state of breaking issue [1] - Xinde New Materials was listed on the Shenzhen Stock Exchange's ChiNext board on September 9, 2022, with a public offering of 17 million shares at an issuance price of 138.88 yuan per share [1] - The highest price recorded for Xinde New Materials since its listing was 180 yuan on the first trading day [1] - The total funds raised by Xinde New Materials amounted to 236.096 million yuan, with a net amount of 216.58238 million yuan after deducting issuance costs, exceeding the original plan by 151.58238 million yuan [1] - The company planned to use the raised funds for a 30,000-ton carbon material industrial upgrade project, a research and development center project, and to supplement working capital [1] - The total issuance costs were 19.51362 million yuan, with CITIC Securities receiving a sponsorship and underwriting fee of 17.50674 million yuan [1] Group 2 - On May 24, 2023, Xinde New Materials announced its 2022 annual equity distribution plan, which included a cash dividend of 10.00 yuan (including tax) for every 10 shares, totaling 68 million yuan [2] - The plan also included a capital reserve transfer of 5 shares for every 10 shares held, with no bonus shares issued, and the remaining undistributed profits to be carried forward to future distributions [2] - The record date for the equity distribution was set for May 30, 2023, and the ex-dividend date was May 31, 2023 [2]

Core Insights - Recent performance of Nvidia's FY26Q3 exceeded expectations, and the FY26Q4 guidance is also optimistic, indicating a strong upward trend in the AI industry [1] - Google's release of Gemini 3 shows significant performance improvements, further supporting the growth narrative in AI [1] Industry Opportunities - The report highlights PCB as a key sector benefiting from the AI chip upgrade cycle, suggesting a favorable investment outlook for this industry [1] - There is a recommendation to focus on leading companies with strong technical capabilities and customer positioning, as well as high earnings certainty [1] - Companies that are actively expanding capacity and strengthening AI business expectations are also identified as potential investment targets [1] - The report notes the profit improvement for companies benefiting from the rising prices of copper-clad laminates and the increased volume of high-end materials [1]

Core Insights - The report from Qiu Xiang's team at CITIC Securities highlights that the volatility of global risk assets is primarily due to liquidity issues, but fundamentally stems from an over-reliance on a single narrative surrounding AI [1] - The release of U.S. non-farm payroll data and the downward adjustment of interest rate cut expectations by the Federal Reserve have triggered a correction in high asset valuations, amplifying concerns about the sustainability of AI infrastructure in North America [1] - The current market environment presents an opportunity for investors to reallocate towards A-shares and Hong Kong stocks, particularly in light of the risk release ahead of year-end and the potential for a "sharp drop and slow rise" market pattern similar to that of the U.S. stock market [1] Investment Strategy - The report suggests that the core allocation direction should focus on the re-evaluation of pricing power in resource and traditional manufacturing sectors, as well as the continued expansion of enterprises overseas [1] - The strategy of high-cut low investment may face increased difficulty in timing rotations due to overly consistent expectations among investors [1]

每经AI快讯，奇德新材（SZ 300995，收盘价：35.3元）发布公告称，2025年11月21日下午15:00至 17:30，奇德新材接受中信证券等投资者调研，公司董事会秘书陈云峰、财务总监邓艳群、证券事务代 表赵美美参与接待，并回答了投资者提出的问题。 每经头条（nbdtoutiao）——大鹏工业战略配售"肥"了自家人！认购价9元，上市首日涨到118元，实控 人和亲哥哥凭配售一天浮盈2492万元 （记者 王瀚黎） 2025年1至6月份，奇德新材的营业收入构成为：塑料行业占比87.76%，其他业务占比12.24%。 ...

Core Viewpoint - The main investment logic driving the agricultural sector in 2026 will be both cyclical and growth perspectives, with an expectation of accelerated capacity reduction in the first half of 2026 and a potential upward trend in pig prices [1] Group 1: Cyclical Perspective - In the context of market losses and administrative capacity reduction, capacity deconstruction may accelerate in the fourth quarter of 2025 and the first half of 2026 [1] - The pig price is expected to fluctuate upwards in 2026 [1] - Companies with leading operational capabilities in the livestock and poultry industry chain are continuously recommended [1] Group 2: Growth Perspective - The domestic demand for the pet sector remains robust, with strong momentum for domestic brands, potentially leading to high growth in performance in the second half of 2026 [1] - In the fruit and vegetable planting sector, the blueberry dividend is expected to continue, with a focus on leading blueberry companies that are increasing planting area, improving planting efficiency, enhancing brand and channel development, and accelerating overseas expansion [1] - The functional sugar sector is anticipated to welcome a super single product in the sugar substitute category [1]

中信证券研报表示，展望2026年，锂电行业整体供需结构有望进一步改善。需求端，受益电动化渗透率 进一步提升叠加单车带电量的显著增长，全球动力电池需求有望保持稳定增长；电池成本下降、收益模 式丰富、融资成本下降等因素推动储能装机经济性显著提升，全球储能迎来国内外需求共振向上的发展 阶段。供给端，电池和中游材料环节资本开支增速触底信号明确，新增扩产仍集中在少数重点企业，且 聚焦在高端品及海外产能上，预计2026年行业供需有望进一步改善；受益供需结构改善，产业链价格企 稳回升，高端产品有望攫取更高的技术溢价。此外，固态电池产业化加速，有望带来电池、材料、设备 环节的投资机会。重点关注技术差异化程度更高、成本控制能力更强的供应链优质头部企业。 ...

中信证券研报称，上周市场波动较大，银行股相对收益显著，资金流入力度加大，板块防守价值显著， 低估值大行表现更加显著。我们认为，低估值隐含的价值空间依旧显著，年底步入长线资金配置时段， 有助催化银行股市场表现，建议机构积极布局，收获确定性回报。 ...

Core Viewpoint - The report from CITIC Securities suggests that in 2026, both cyclical and growth factors will drive the main investment logic in the agricultural sector [1] Group 1: Cyclical Perspective - Due to market losses and administrative capacity reduction, capacity deconstruction may accelerate in Q4 2025 and the first half of 2026, leading to a potential upward fluctuation in pig prices in 2026 [1] - The report continues to recommend companies in the livestock and poultry industry that demonstrate strong operational capabilities and can withstand cyclical fluctuations [1] Group 2: Growth Perspective - The domestic demand for the pet sector remains robust, with strong momentum for domestic brands, potentially leading to high growth in H2 2026 [1] - In the fruit and vegetable planting sector, the blueberry market is expected to continue benefiting from ongoing advantages, with a focus on leading companies that are increasing planting area, improving planting efficiency, enhancing brand and channel development, and accelerating international expansion [1] - The functional sugar sector is anticipated to welcome a super sugar substitute product [1]