人民财讯9月25日电，中信证券研报表示，8月社零餐饮收入及限额以上单位餐饮收入分别同比 +2.1%/+1.0%，较7月的1.1%/-0.3%环比回暖。根据久谦数据，8月餐食行业多数品牌拓店势能延续，店 效环比改善，细分赛道具发展势能，中式快餐、西式快餐表现较优。近期预制菜事件发酵，中信证券认 为知情权、食品安全及质价匹配为消费者核心关切，中长期行业合规性、透明化程度将持续提升，具有 高质价比产品、强合规性及稳定安全的供应链的头部餐企有望受益。建议关注性价比定位凸显、发展前 景确定性高的成长型领先企业和经营较为稳健的高股息、成熟型龙头企业。 ...

人民财讯9月25日电，中信证券研报称，碳纤维行业正处于周期底部复苏阶段，价格企稳，开工率回 升。需求呈现结构性回暖，风电领域增长强劲，航空航天持续复苏，低空经济(如eVTOL、无人机)成为 新爆发点。建议关注具备高端应用、新能源优势、出海敞口的优质企业。 ...

中信证券指出，通过复盘2010年以来影视剧行业面临的政策，以及其对于内容制作公司和平台的业绩影 响，我们认为广电总局《进一步丰富电视大屏内容 促进广电视听内容供给的若干举措》有望在多方面 给长视频行业带来实质性利好。看好后续长视频平台及优质内容制作公司提高产能、提升内容周转效率 和资金使用效率以及剧集IP商业化空间打开带来的业绩改善和增长潜力。 ...

中信证券指出，通过复盘2010年以来影视剧行业面临的政策，以及其对于内容制作公司和平台的业绩影 响，我们认为广电总局《进一步丰富电视大屏内容促进广电视听内容供给的若干举措》有望在多方面给 长视频行业带来实质性利好。看好后续长视频平台及优质内容制作公司提高产能、提升内容周转效率和 资金使用效率以及剧集IP商业化空间打开带来的业绩改善和增长潜力。 （文章来源：第一财经） ...

Core Viewpoint - The article discusses the upcoming second meeting of the holders of the CITIC Securities Six-Month Rolling Bond Collective Asset Management Plan, which aims to change the management from CITIC Securities Asset Management Co., Ltd. to Huaxia Fund Management Co., Ltd. and to register the plan as Huaxia Six-Month Rolling Bond Securities Investment Fund [1][2][31]. Group 1: Meeting Details - The first meeting of the holders failed due to insufficient participation, as the valid votes did not reach half of the total shares [2][3]. - A second meeting will be held via communication from September 25, 2025, to October 24, 2025, to discuss the management change and registration [3][12]. - The record date for voting rights remains May 12, 2025, which is the same as the first meeting [5][12]. Group 2: Voting Process - Holders can vote through various methods, including paper ballots, SMS, and online platforms, specifically for individual investors [10][12][14]. - The voting results will be counted by authorized supervisors under the supervision of the custodian bank, with equal voting rights for each share [19][20]. - The resolution requires at least two-thirds of the voting rights to be approved for it to be valid [22][29]. Group 3: Changes to the Asset Management Plan - The management change will alter the product name from "CITIC Securities Six-Month Rolling Bond Collective Asset Management Plan" to "Huaxia Six-Month Rolling Bond Securities Investment Fund" [31][32]. - The investment manager will change from CITIC Securities to Huaxia Fund, and the product type will shift from a collective asset management plan to a securities investment fund [34][35]. - The investment strategy will be adjusted to include new investment options such as treasury futures and credit derivatives, along with corresponding investment restrictions [37][38]. Group 4: Redemption Options - Following the resolution's effectiveness, a redemption choice period of no less than five trading days will be arranged for holders to redeem their shares without restrictions or fees [42]. - Holders who do not redeem during this period will have their shares automatically converted to the corresponding fund shares of Huaxia [42][43].

Core Viewpoint - The report from CITIC Securities indicates that three technological trends will significantly enhance the usage and importance of etching equipment: (1) adoption of multiple patterning in photolithography, (2) demand for 3D stacked storage and near-memory computing, and (3) upgrades in underlying transistor structures [1][2]. Group 1: Multiple Patterning - The current EUV lithography technology is limited, making DUV multiple patterning a key strategy for domestic breakthroughs, leading to a substantial increase in the usage of etching equipment [3]. - The DUV multiple patterning method allows for continued iteration down to 3nm, with the etching equipment usage in production lines increasing up to four times compared to the EUV method [3]. Group 2: 3D Stacking Demand - The increase in storage layers for 3D NAND and DRAM is driving exponential growth in the demand for etching equipment, with the usage share rising from 35% to 48% as layers increase from 32 to 128 [4]. - The need for higher aspect ratio etching equipment is also growing, with current mainstream 3D NAND using a 60:1 aspect ratio, and future technologies expected to reach 90:1 for higher layer counts [4]. - TSV (Through-Silicon Via) processes, essential for 3D expansion in packaging, require etching and filling equipment, which constitutes nearly 70% of the TSV process, further increasing demand for etching equipment [4]. Group 3: GAA Transistor - The introduction of GAAFET technology, which will replace FinFET, is expected to increase the etching process steps from 5 to 9, leading to a rise in the share of etching equipment from 20% to 35% in advanced processes [5]. - The value of individual etching equipment is projected to grow by 12% year-on-year, with new demands for high-selectivity SiGe isotropic etching processes emerging, particularly through Atomic Layer Etching (ALE) methods [5].

（原标题：中信证券大宗交易成交651.07万股 成交额1.67亿元） 9月24日中信证券大宗交易一览 | 成交 | 成交金 | | 相对当 | | | | --- | --- | --- | --- | --- | --- | | | | 成交价 | 日 | | | | 量 | 额 | 格 | 收盘折 | 买方营业部 | 卖方营业部 | | （万 | （万 | （元） | 溢价 | | | | 股） | 元） | | | | | | | | | （%） | | | | 651.07 | 16700.00 | 25.65 | -10.60 | 中信证券股份有限公司西安未央 | 中信建投证券股份有限公司榆林肤 | | | | | | 路证券营业部 | 施路证券营业部 | 注：本文系新闻报道，不构成投资建议，股市有风险，投资需谨慎。 证券时报•数据宝统计显示，中信证券今日收盘价为28.69元，上涨0.67%，日换手率为1.28%，成交额为 44.50亿元，全天主力资金净流入3.18亿元，近5日该股累计下跌1.03%，近5日资金合计净流出26.36亿 元。 两融数据显示，该股最新融资余额为168.60亿元，近5日增加 ...

炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ 9月24日消息，券商一哥中信证券传来大消息！据悉，中信集团重要人事调整方案，决定将张佑君的退休时间 延后一年。在延期退休的这一年期间，张佑君将被派驻至中信证券国际，承担常驻工作任务。 回溯中信证券国际的发展历程，2012年，中信证券斥资12.52亿美元完成对里昂证券的收购，随后将其更名为 中信里昂；2015年，中信证券进一步推动资源整合，将中信里昂与中信证券国际进行合并。2016年，张佑君曾 亲自上阵，出任中信证券国际董事长一职；直至2022年下半年，他才将这一职务交接给中信证券执行委员会成 员李春波。 资料显示，张佑君，中信证券党委书记、执行董事、董事长。张先生于公司1995年成立时加入中信证券，于 2016年1月19日获委任为中信证券执行董事、董事长。张先生曾任公司襄理、副总经理、总经理、董事，长盛 基金总经理，中信建投总经理、董事长，中信集团董事会办公室主任，中信证券国际董事长。张先生亦任中信 集团、中信股份及中信有限总经理助理，中信金控副董事长，华夏基金董事长。张先生于1987年获中国人民大 学经济学学士学位，1990年获中央财 ...

Group 1 - The Shandong Securities Regulatory Bureau announced that CITIC Securities (Shandong) Co., Ltd. Jinan Branch had marketing personnel without fund qualification engaging in fund sales activities, indicating a lack of compliance management [1] - The branch failed to use the company's standardized promotional materials when promoting fund products, reflecting inadequate employee conduct regulation [1] - As a result of these violations, the Shandong Securities Regulatory Bureau decided to issue a warning letter as an administrative regulatory measure against CITIC Securities (Shandong) Co., Ltd. Jinan Branch [1] Group 2 - Wei Yifan, during his tenure at CITIC Securities (Shandong) Co., Ltd. Jinan Branch, engaged in fund sales activities before obtaining the necessary qualifications and did not use the company's standardized promotional materials [1] - The Shandong Securities Regulatory Bureau also issued a warning letter as an administrative regulatory measure against Wei Yifan for these actions [1]

南财智讯9月24日电，新奥能源（02688.HK）公告，中信证券股份有限公司在2025年9月23日买入公司 股份200股，每股交易价格为18.08人民币，总金额为3616人民币。此次交易为中信证券股份有限公司为 本身账户进行，中信证券股份有限公司是与要约人有关连的第（5）类别联系人。 ...