KWEICHOW MOUTAI(SH:600519) 2 1 Shi Ji Jing Ji Bao Dao·2025-10-27 23:25Macro Economy - In the first nine months of 2025, the total profit of large-scale industrial enterprises in China reached 53,732 billion yuan, a year-on-year increase of 3.2%. In September alone, profits grew by 21.6% year-on-year [4] - The People's Bank of China plans to introduce nine new policy measures to expand the high-level opening of cross-border trade and optimize foreign exchange fund settlement for new trade formats [4] - The Financial Regulatory Bureau emphasizes the need to strengthen funding supply for major projects to boost consumption and ensure the stability of the financial system [4] - As of October 27, domestic gasoline and diesel prices were reduced by 265 yuan and 255 yuan per ton, respectively [4] - The average interest rate for three-year fixed deposits in September 2025 was 1.688%, while the five-year average was 1.519%, indicating a continued inversion [4] Investment News - The China Securities Regulatory Commission (CSRC) issued new guidelines to enhance the protection of small investors, addressing concerns over high pricing in new stock issuances [6] - The CSRC officially released a plan to optimize the Qualified Foreign Institutional Investor (QFII) system, allowing foreign public funds to have the same short-term trading rules as domestic funds [6] - On October 27, the Shanghai Stock Exchange announced the appointment of new members to its third Technology Innovation Advisory Committee [6] - The A-share market experienced a significant rise, with the Shanghai Composite Index increasing by over 1%, reaching a ten-year high [6] Company Movements - Guizhou Moutai announced the resignation of its chairman Zhang Deqin due to work adjustments, with Chen Hua being recommended as the new chairman [7] - Tongfu Microelectronics reported third-quarter revenue of 7.078 billion yuan, a year-on-year increase of 17.94%, and a net profit of 448 million yuan, up 95.08% [7] - Northern Rare Earth's revenue for the first three quarters was 30.292 billion yuan, a 40.50% increase year-on-year, with net profit rising by 280.27% [7] - He Yuan Bio, Xi'an Yicai, and Bibete will be listed on the Sci-Tech Innovation Board on October 28, marking the first batch of new stocks in the Sci-Tech growth sector [8]