登录新浪财经APP 搜索【信披】查看更多考评等级 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！ 上海证券交易所： 根据《证券发行上市保荐业务管理办法》、《上海证券交易所科创板股票上市规则》、《上海证券交易 所上市公司自律监管指引第11号一一持续督导》、《上海证券交易所科创板上市公司自律监管指引第1 号一一规范运作》、《上市公司募集资金监管规则》等有关法律法规和规范性文件的规定，招商证券股 份有限公司（以下简称"招商证券"、"保荐机构"）作为正在履行浙江艾罗网络能源技术股份有限公司 （以下简称"艾罗能源"、"上市公司"、"公司"）持续督导工作的保荐机构，对公司2025年1月1日至本次 现场检查期间（以下简称"本持续督导期"）的规范运行情况进行了现场检查，就现场检查的有关情况报 告如下： 一、本次现场检查的基本情况 （一）保荐机构 招商证券股份有限公司 （二）保荐代表人 刘奇、张钰源 （三）现场检查时间 2025年12月9日一一2025年12月11日 （四）现场检查人员 刘奇、贺军伟、宋晓晖 （五）现场检查内容 公司治理和内部控制情况、信息披露情况、公司的独立性以及与控股股东、实际控制 ...

Core Viewpoint - Chipone Technology (688521.SH) reported a revenue of 2.255 billion yuan for the first three quarters of 2025, reflecting a year-on-year growth of 36.64%, but recorded a net loss attributable to shareholders of 347 million yuan [1][2]. Financial Performance - The company's revenue for the current reporting period was approximately 1.281 billion yuan, showing an increase of 78.38% compared to the same period last year [2]. - The total profit for the reporting period was a loss of approximately 20.43 million yuan, with a net profit attributable to shareholders also showing a loss of approximately 26.85 million yuan [2]. - The net profit after deducting non-recurring gains and losses was a loss of approximately 78.66 million yuan for the current period [2]. - The net cash flow from operating activities was a negative 25.90 million yuan for the current period [2]. Historical Financial Data - From 2022 to 2024, Chipone's revenues were 2.679 billion yuan, 2.338 billion yuan, and 2.322 billion yuan respectively [2]. - The net profits attributable to shareholders for the same years were 73.81 million yuan, -296 million yuan, and -601 million yuan [2]. - The net profit after deducting non-recurring gains and losses for these years were 13.29 million yuan, -31.8 million yuan, and -64.3 million yuan respectively [2]. - The net cash flow from operating activities for the same years were -329 million yuan, -8.52 million yuan, and -346 million yuan respectively [2]. Fundraising Activities - Chipone was listed on the Sci-Tech Innovation Board on August 18, 2020, with an initial public offering of 48.32 million shares at a price of 38.53 yuan per share, raising a total of 1.862 billion yuan [3]. - The net proceeds from the IPO after deducting issuance costs were approximately 1.678 billion yuan, exceeding the original plan by 888 million yuan [3]. - The company planned to use the raised funds for various projects, including smart wearable devices, smart automotive applications, and R&D center upgrades [3]. - In a subsequent fundraising round, the company issued 24.86 million shares at a price of 72.68 yuan per share, raising approximately 1.807 billion yuan, with net proceeds of about 1.780 billion yuan after deducting related costs [4]. - The total amount raised from both fundraising activities was approximately 3.669 billion yuan [5].

Group 1 - The core viewpoint of the report indicates that the demand for energy storage is surging, leading to accelerated battery production in the traditional lithium battery sector [1] - In the solid-state battery sector, the industrialization process is ongoing, with the solid-solid interface issue being a key challenge in new production technologies [1] - By 2025, various solutions to the solid-solid interface problem are expected to be proposed across the supply chain, including the introduction of iodine ions in electrolytes and advancements in isostatic equipment [1] Group 2 - The report anticipates that as production processes mature and costs continue to decrease, the mass production of solid-state batteries is likely to accelerate [1] - Solid-state batteries are currently transitioning from laboratory and pilot testing to key stages of pilot delivery [1] - Major manufacturers are undergoing inspections for solid-state technology, and if progress is favorable, a second wave of subsidies may be expected [1] Group 3 - The report projects that by the end of 2025 to early 2026, there may be tenders for pilot line equipment, with subsequent testing and adjustments leading to further acceleration in the industry [1] - The equipment segment is expected to benefit significantly from these developments, with the solid-state battery equipment market projected to reach 59.216 billion yuan by 2030 [1] - The compound annual growth rate (CAGR) for the period from 2024 to 2030 is estimated to be 103% [1]

活动现场，招商证券投教专员聚焦四类针对老年人的高频骗局展开讲解，从"高收益养老理财"的虚假承 诺到"社保账户异常"的恐吓式诈骗，从"黄昏恋杀猪盘"的情感诱骗再到"AI换脸冒充子女借钱"等新型手 段。为让防非知识更易理解，现场投教专员向社区居民播放了原创投教短剧《消失的他》。剧中还原了 经典的骗局套路：诈骗团伙精心设计公园巧遇情景，通过不断赠送洗洁精、鸡蛋等礼品快速与老年人建 立初步信任，编造虚假的投资案例诱导老年人投资非法的养老项目，最终卷款跑路。"看到剧中老人被 不法分子误导主动把养老钱都投进了养老院项目中，我特别有感触。"参与活动的李大爷坦言，自己之 前也收到过"养老项目投资"的宣传短信，现在看完短剧和讲解，彻底明白这就是一场连环套路骗局。 拆解养老骗局套路，防非知识入脑入心 12月12日，招商证券国家级投教基地联合北头社区，在北头社区陈列馆开展社区防非反诈主题宣传活 动。50余名社区居民积极参加本次活动，学习非法金融骗局的识别技巧，提升自身风险防范能力。 防非宣传进万家，筑牢金融安全线 回顾2025年，招商证券国家级投教基地围绕"场景化、精准化、常态化"，打造了一系列接地气的投教活 动，让金融知识真正走 ...

招商证券研报指出，2017-2024年，巨星科技收入复合增长19.38%，显著高于行业，海外收入占比一直 维持在90%以上，销售区域以美国为主，因此受益于美国工具行业复苏。同时，巨星持续进行渠道增 加、品类扩张，我们认为巨星有望继续实现超过行业的增速。线上+线下渠道全覆盖。巨星为世界500 强欧美商超提供一站式供应链服务，除传统线下商超外，公司与线上龙头亚马逊合作多年。考虑到关税 对公司今年业绩影响持续时间较长，明年在行业复苏+公司拓品类拓渠道的背景下，公司业绩有望恢复 高增，下调今年的业绩预测，上调明年和后年的业绩预测，当前市值对应PE 为17x/13x/10.5x，估值水 平较低，维持"强烈推荐"投资评级。 ...

(责任编辑：何潇) 中国经济网北京12月17日讯 瑞斯康达(603803.SH)今日股价下跌，截至收盘，报10.70元，跌幅 5.31%。目前该股处于破发状态。 瑞斯康达在2017年4月20日登陆上交所，公开发行新股5680万股，发行价为13.72元，募集资金总额 为7.79亿元，在扣除发行费用5970.09万元后，募集资金净额为7.20亿元。发行费用中，支付给招商证券 的保荐费及承销费用为4286.13万元，保荐代表人为周晋峰、孙世俊。 ...

香港联交所最新资料显示，12月10日，易方达基金减持招商证券（06099）501.64万股，每股均价 13.9097港元，总金额约为6977.66万港元。减持后最新持股数目约为1.14亿股，最新持股比例为8.91%。 责任编辑：卢昱君 热点栏目 自选股 数据中心 行情中心 资金流向 模拟交易 客户端 热点栏目 自选股 数据中心 行情中心 资金流向 模拟交易 客户端 香港联交所最新资料显示，12月10日，易方达基金减持招商证券（06099）501.64万股，每股均价 13.9097港元，总金额约为6977.66万港元。减持后最新持股数目约为1.14亿股，最新持股比例为8.91%。 责任编辑：卢昱君 ...

智通财经APP获悉，招商证券发布研究报告称，近期港股市场在海外降息后仍未企稳，主要来自于两个 内部流动性问题：公募基金基准新规落地，可能导致卖出部分港股；港股阶段性资金需求较大。上述叙 事虽然存在，且在下跌过程中持续强化，但总体来看影响较为有限。 招商证券主要观点如下： 行业与指数推荐：互联网(930604.CSI)、有色金属(931947.CSI)、港股通非银(931024.CSI)。 港股上周市场表现：上周(12/08-12/12)港股市场涨少跌多，主要指数中恒生指数下跌0.42%、恒生科技 下跌0.43%，AH溢价维持在119.8。分行业看，上周港股大类行业涨少跌多，仅金融、资讯科技板块上 涨，而能源业领跌。 微观资金面：南向半年来首次净流出，港资、外资同时净流入。1)南向资金合计净流出34亿港元，主要 流向非必需消费方向;2)外资通过ETF净买入2.6亿美元，累计净流入规模接近924以来新高;3)香港本地 ETF也净流入51亿港元，年初至今合计净流入459亿港元。 香港流动性变化：香港市场利率趋于宽松，隔夜Hibor为1.71%，3个月Hibor利率3.03%，美元兑港币汇 率为7.78，逐渐逼近强方 ...

香港联交所最新资料显示，12月10日，易方达基金减持招商证券（600999）(06099)501.64万股，每股均 价13.9097港元，总金额约为6977.66万港元。减持后最新持股数目约为1.14亿股，最新持股比例为 8.91%。 ...

智通财经APP获悉，香港联交所最新资料显示，12月10日，易方达基金减持招商证券(06099)501.64万 股，每股均价13.9097港元，总金额约为6977.66万港元。减持后最新持股数目约为1.14亿股，最新持股 比例为8.91%。 ...