Group 1 - The core viewpoint of the news is that Shenzhen UBTECH Robotics Corp. (stock code: 9880.HK) successfully completed a $400 million new share placement, showcasing the strong underwriting capabilities of CITIC Securities [1][3][4] - CITIC Securities has been a long-term partner of UBTECH, assisting in multiple financing rounds, including the 2023 Hong Kong IPO and five share placements totaling HKD 7.5 billion [1][3] - The recent share placement saw orders exceed expectations within just half an hour, highlighting CITIC Securities' global network and strong sales capabilities [1][4] Group 2 - UBTECH is a leader in the humanoid robotics sector, focusing on high-performance servo drives, computer vision, and intelligent voice interaction technologies [3][4] - The company aims to integrate intelligent robots into everyday life, enhancing convenience and intelligence in human lifestyles through comprehensive technology solutions [4] - CITIC Securities supports UBTECH's strategic goals by providing tailored financing solutions based on in-depth market analysis and investor feedback [3][4]

（责任编辑：马欣） 康希诺首次公开发行股票募集资金总额为52.01亿元，扣除发行费用后，募集资金净额为49.79亿元。康 希诺最终募集资金净额较原计划多39.79亿元。康希诺于2020年8月6日发布的招股说明书显示，该公司 计划募集资金10亿元，分别用于"生产基地二期建设""在研疫苗开发""疫苗追溯、冷链物流体系及信息 系统建设""补充流动资金"。 康希诺首次公开发行股票的发行费用为2.21亿元，其中保荐及承销费用2.05亿元。 中信证券投资有限公司（参与跟投的保荐机构相关公司）获配股票数量为49.60万股，占本次发行总股 数的2.00%，跟投金额为1.04亿元。 中国经济网北京12月3日讯 康希诺(688185.SH)今日股价下跌，截至收盘报65.63元，跌幅2.50%。 康希诺于2020年8月13日在上交所科创板上市，发行数量为2480万股，发行价格209.71元/股，保荐机构 （主承销商）为中信证券，保荐代表人为焦延延、马可；联席主承销商为中金公司，副主承销商为渤海 证券。该股目前处于破发状态。 ...

Group 1 - The China Securities Regulatory Commission (CSRC) has issued a notice regarding the overseas issuance and listing of Guomin Technology Co., Ltd. (Guomin Technology, 300077.SZ), allowing the company to issue up to approximately 146 million overseas listed ordinary shares and list on the Hong Kong Stock Exchange [2] - Guomin Technology submitted its prospectus on June 26, 2025, with CITIC Securities as the sole sponsor [2] - Founded in 2000, Guomin Technology is a platform-based integrated circuit design company focused on providing high-security, high-reliability, and highly integrated control chips and system solutions for various smart terminals across key sectors such as consumer electronics, industrial control, digital energy, smart home, automotive electronics, and medical electronics [2] Group 2 - In addition to its chip business, Guomin Technology is also developing lithium battery anode materials, forming a dual-core business layout of "integrated circuits + new energy materials" [2] - According to Zhaoshang Consulting, Guomin Technology ranked among the top five Chinese companies in the global platform MCU market by revenue in 2024, and ranked among the top three in the global 32-bit platform MCU market among Chinese companies [2] - Guomin Technology holds the number one position in the Chinese MCU market for built-in commercial encryption algorithm modules by revenue in 2024, maintaining a leading position in niche markets such as energy storage BMS and smart home control [2]

Group 1 - The China Securities Regulatory Commission has issued a notice regarding the overseas issuance and listing of Guomin Technology Co., Ltd., allowing the company to issue up to approximately 146 million overseas listed ordinary shares and list on the Hong Kong Stock Exchange [2] - Guomin Technology, established in 2000, is a platform-based integrated circuit design company focused on providing high-security, high-reliability, and highly integrated control chips and system solutions for various smart terminals [2] - The company has a dual business layout, developing both integrated circuits and lithium battery anode materials, positioning itself in the "integrated circuit + new energy materials" sectors [2] Group 2 - According to Zhaoshang Consulting, Guomin Technology ranks among the top five Chinese companies in the global platform-based MCU market by revenue in 2024, and is among the top three in the global 32-bit platform-based MCU market [2] - The company holds the number one position in the Chinese MCU market for built-in commercial password algorithm modules by revenue in 2024, maintaining a leading position in niche markets such as energy storage BMS and smart home control [2]

Group 1: Dividend Indices - The China Securities Hong Kong Stock Connect Central Enterprise Dividend Index (931233.CSI) includes 50 stable dividend-paying stocks controlled by central enterprises, with a one-year dividend yield of 5.77%, surpassing the 10-year government bond yield of 3.92% as of December 2 [1] - The Hang Seng Mainland Enterprises High Dividend Yield Index (HSMCHYI.HI) consists of high dividend stocks listed in Hong Kong from mainland companies, with a one-year dividend yield of 5.37%, also higher than the 10-year government bond yield of 3.52% as of December 2 [1] - The Non-Standard & Poor's Hong Kong Stock Connect Low Volatility Dividend Index (SPAHLVHP.SPI) includes 50 high dividend low volatility stocks listed in Hong Kong, with the Hong Kong Stock Connect Low Volatility Dividend ETF (159118) being the lowest fee ETF tracking this index [1] Group 2: Company Dividend Announcements - Postal Savings Bank announced a dividend of RMB 0.123 per share, with an ex-dividend date of January 2, 2026, and a payment date of February 13, 2026; it is part of the 931233.CSI and HSMCHYI.HI indices [1] - CITIC Securities declared a dividend of RMB 0.29 per share, with an ex-dividend date of December 29, 2025, and a payment date of February 13, 2026; it is not part of the 931233.CSI or HSMCHYI.HI indices [2] - Sanhua Intelligent Controls announced a dividend of RMB 0.12 per share, with an ex-dividend date of December 19, 2025; it is not part of the 931233.CSI or HSMCHYI.HI indices [2] - Hong Kong Tong Holdings declared a dividend of HKD 0.06 per share, with an ex-dividend date of December 12, 2025, and a payment date of December 24, 2025; it is not part of the 931233.CSI or HSMCHYI.HI indices [2] - Xinxing Group announced a dividend of HKD 0.02 per share, with an ex-dividend date of December 30, 2025, and a payment date of January 28, 2026; it is not part of the 931233.CSI or HSMCHYI.HI indices [3]

传音控股向香港交易所递交主板上市申请，中信证券担任独家保荐人。 新兴市场移动互联网渗透率在2024年为46%，预计2029年提升至53%。新兴市场手机市场(按收入计)从 2020年的1344亿美元增长至2024年的1711亿美元，预计2029年将达2367亿美元。其中智能手机分部预计 从2024年的1683亿美元增长至2029年的2349亿美元，年复合增长率为6.9%。新兴市场智能手机市场(按 销量计)从2020年的624.6百万部增长至2024年的648.5百万部，预计2029年将达725.3百万部，其中非洲 将是增长最快的地区。 根据弗若斯特沙利文报告，按2024年手机销量计，传音控股手机产品在全球新兴市场排名第一，市场份 额达24.1%。在非洲、新兴亚太市场及中东地区，其手机销量市场份额亦均排名第一。 公司主要从事以手机为核心的智能终端产品的设计、研发、生产、销售和品牌运营，并已将业务拓展至 移动互联网服务、物联网产品及其他产品，构建了完整的生态链。传音控股旗下智能手机品牌包括专注 于中高端消费者的TECNO，面向年轻消费者的Infinix，以及强调性价比和可靠性的大众市场品牌itel。 ...

Core Viewpoint - Nanhua Futures (603093) has passed the listing hearing on the Hong Kong Stock Exchange, with CITIC Securities as the sole sponsor, indicating its growth as a comprehensive global financial services platform [1] Group 1: Company Overview - Nanhua Futures has developed into a comprehensive global financial services platform, offering services that include domestic futures brokerage, risk management, wealth management, and overseas financial services [1] - The company has actively implemented an internationalization strategy since 2006, establishing a network of overseas branches in major global financial centers to provide around-the-clock cross-market trading services across Asia, North America, and Europe [1] Group 2: Market Position - According to a report by Frost & Sullivan, Nanhua Futures ranks eighth among all futures companies in China by total revenue in 2024 and ranks first among all non-financial institution-related futures companies [1] Group 3: Client Growth - The number of registered corporate clients in the domestic futures brokerage business increased from 4,266 at the end of 2022 to 5,089 by the end of 2024 [1] - The number of registered financial institution clients grew from 1,140 at the end of 2022 to 1,770 by the end of 2024 [1]

人民财讯12月3日电，中信证券指出，9月以来，特斯拉发布宏伟蓝图第四篇章、为马斯克提供史上最大 型激励计划、马斯克增持特斯拉股票等。马斯克在机器人业务上的精力加大，机器人的硬件定型与量产 节点临近，Optimus V3将在2026年Q1发布并在2026年年底前开启量产。国产供应链在特斯拉机器人中 扮演重要角色，解决大规模制造与降本难题。随着特斯拉机器人进入量产阶段，国内企业有望陆续开始 受益，因此推荐特斯拉机器人链相关公司。 ...

Group 1 - The core idea of the fourth chapter of the Master Plan is to accelerate the transition to "sustainable abundance" through the integration of AI, automation, and large-scale manufacturing capabilities, with humanoid robots becoming a key product for Tesla [2] - Elon Musk has increased his focus on the Optimus project, indicating that he is dedicating more energy to it than any other initiative, with the Optimus V3 expected to be released in Q1 2026 and mass production to begin by the end of 2026 [5] - The future price of the robots is projected to be below $20,000, with cost reduction primarily driven by the localization of core components and economies of scale, leveraging China's complete supply chain advantages [8] Group 2 - The fourth chapter of the Master Plan emphasizes the importance of the Optimus robot, which is expected to contribute significantly to Tesla's future value, with Musk stating that around 80% of Tesla's value will come from the Optimus robots [2] - The production plan for the Optimus robots has been revised, with a target of producing one million units annually by 2030, and the focus has shifted back to the core business following the recent strategic updates [5] - As Tesla approaches mass production of the robots, domestic supply chain companies are expected to accelerate capacity construction, with Thailand being a key overseas production base [8]

人民财讯12月3日电，中信证券研报指出，经测算，12月基本不存在流动性缺口，资金面对债市的风险 有限。参考2021年以来10Y国债收益率各月表现，年末债市利率整体趋于下行。随着今年11月债市调 整，10年国债收益率回升至1.75%~1.85%区间的偏上位置，交易机会也开始浮现。然而，中信证券认为 年末行情的空间可能仍然较为有限，建议结合债市边际变化灵活调整策略节奏。 ...