指南针(300803.SZ)公告称，公司于2025年12月4日召开董事会，审议通过向全资子公司麦高证券增资1 亿元的议案。增资完成后，麦高证券注册资本将增至15亿元。增资旨在满足麦高证券业务发展需求，资 金来源为公司自有资金，不会对公司财务状况产生重大影响。 ...

证券代码：300803 证券简称：指南针 公告编号：2025-104 北京指南针科技发展股份有限公司 关于使用部分闲置自有资金购买债券的公告 3．投资方式：购买债券（风险等级在 AA 以上）。 4．投资期限：有效期自本次董事会批准之日起 12 个月。 5．资金来源：自有资金。 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误导 性陈述或重大遗漏。 北京指南针科技发展股份有限公司（以下简称"公司"）于 2025 年 12 月 4 日召开了第十四届董事会第十二次会议，审议通过《关于使用部分闲置自有资金 购买债券的议案》，同意公司使用额度不超过人民币 3 亿元的闲置自有资金购买 债券（风险等级在 AA 以上），有效期自本次董事会批准之日起 12 个月。在有 效期及额度范围内可循环滚动使用。 本次使用部分闲置自有资金购买债券不构成关联交易，不构成《上市公司重 大资产重组管理办法》规定的重大资产重组。现将相关情况公告如下： 一、 投资情况概述 1．投资目的：为了提高公司资金使用效率、增加股东回报，合理利用闲置 资金，在不影响公司正常经营的情况下，使用公司部分暂时闲置自有资金购买债 券。 2．投 ...

证券代码：300803 证券简称：指南针 公告编号：2025-103 北京指南针科技发展股份有限公司 关于向全资子公司麦高证券有限责任公司增资的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误 导性陈述或重大遗漏。 北京指南针科技发展股份有限公司（以下简称"公司"或"指南针"）于 2025 年 12 月 4 日召开第十四届董事会第十二次会议，审议通过了《关于向全资 子公司麦高证券有限责任公司增资的议案》，董事会同意公司向全资子公司麦高 证券有限责任公司（以下简称"麦高证券"）增资，并同意授权公司经营管理层 具体决定和办理上述增资相关事项。详情如下： 一、向麦高证券增资情况概述 注册资本：140,000 万元人民币 成立日期：1995 年 4 月 18 日 根据麦高证券经营发展需要，公司拟对麦高证券以自有资金增资 1 亿元（人 民币，下同）。本次增资完成后，麦高证券的注册资本将由 14 亿元变更为 15 亿 元，麦高证券仍为公司全资子公司。 根据相关法律法规及《公司章程》规定，本次向子公司增资事项在董事会审 批权限范围内，无需提交股东会审议。本次向子公司增资事项不构成关联交易， ...

证券代码：300803 证券简称：指南针 公告编号：2025-102 北京指南针科技发展股份有限公司 第十四届董事会第十二次会议决议公告 一、董事会会议召开情况 1. 北京指南针科技发展股份有限公司（以下简称"公司"）于 2025 年 12 月 1 日以邮件方式发出第十四届董事会第十二次会议通知。 2. 本次董事会于 2025 年 12 月 4 日以现场结合通讯方式召开。 3. 本次董事会由董事长吴玉明先生主持，本次会议应出席会议的董事 9 人， 实际出席会议的董事 9 人。 4. 本次董事会会议的召集、召开符合有关法律、行政法规、部门规章、规范 性文件和《公司章程》的规定。 二、董事会会议审议情况 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误导 性陈述或重大遗漏。 1 自董事会批准之日起 12 个月。 本次会议以记名方式投票表决，审议通过以下事项： （一）审议通过《关于向全资子公司麦高证券有限责任公司增资的议案》 同意公司以自有资金 1 亿元对公司全资子公司麦高证券有限责任公司（以下 简称"麦高证券"）增资，同意授权公司经营管理层具体决定和办理上述增资相 关事项。本次增资完成后 ...

Core Viewpoint - The performance of the China Securities 500 ETF (华夏) shows a slight increase, with a focus on its key holdings and overall returns since inception [1] Group 1: ETF Performance - As of the midday close on December 4, the China Securities 500 ETF (华夏, 512500) rose by 0.21%, priced at 3.909 yuan, with a trading volume of 40.0861 million yuan [1] - The fund's performance benchmark is the China Securities 500 Index, managed by Huaxia Fund Management Co., Ltd. [1] Group 2: Key Holdings Performance - Notable stock performances within the ETF include: - Shenghong Technology up by 1.75% - Huagong Technology up by 0.42% - XianDao Intelligent up by 0.68% - Chip Origin down by 0.37% - Giant Network up by 1.12% - Guiding Compass up by 1.50% - Wolong Electric Drive up by 4.57% - Xinwangda up by 0.62% - Chifeng Gold down by 0.71% - Runhe Software down by 0.53% [1] Group 3: Historical Returns - Since its inception on May 5, 2015, the ETF has recorded a return of -14.73%, while the return over the past month is -4.55% [1]

Core Viewpoint - In November, 43% of the 7,431 comparable bond funds reported performance increases, with 3,193 funds rising, 254 remaining flat, and 3,984 declining [1] Group 1: Fund Performance - The top-performing bond funds in November included ICBC Balanced Return 6-Month Holding Period Bond A, with a rise of 2.25%, and others like Fortune Zhenli Pure Bond Fund and ICBC Balanced Return 6-Month Holding Period Bond C, with increases of 2.24% and 2.23% respectively [1] - The worst performers were Huachen Stable Bond C and A, which saw declines of 5.57% and 5.54% respectively [3][6] Group 2: Fund Manager Background - The fund managers of ICBC Balanced Return 6-Month Holding Period Bond A and C, Huang Shiyuan and Lü Yan, have extensive experience in investment management, with Huang serving as Deputy Director of Pension Investment Center and Lü as Assistant Fund Manager [1][2] - Fortune Zhenli Pure Bond Fund's manager, Wu Lei, has over 8 years of experience in managing public funds and has held various positions in securities firms [2] Group 3: Fund Holdings - ICBC Balanced Return 6-Month Holding Period Bond's main assets are government bonds and financial bonds, with top holdings including various government bonds and perpetual bonds from Postal Savings Bank and Shanghai Pudong Development Bank [2] - Fortune Zhenli Pure Bond Fund has 49.52% of its net asset value in financial bonds, with significant holdings in medium-term notes and corporate bonds [2] - The top holdings of Renbao Xinli Bond include government bonds, with a diversified stock portfolio featuring companies like Zhongwei Company and Nanjing Bank [3]

Group 1 - The software development sector is experiencing a downturn, with the CSI Software Service Index down by 1.32% as of December 3, 2025, led by declines in stocks such as 360, Yonyou Network, and others [1] - Google has launched its most powerful and energy-efficient accelerator, Ironwood, and Meta plans to integrate Google's TPU into its data centers by 2027, with a potential transaction scale reaching several billion dollars [1] - The AI software commercialization process is accelerating, addressing previous concerns about the sustainability of AI investments, as evidenced by the rapid growth in active users of AI applications like ChatGPT, which has surpassed 2 billion globally [1] Group 2 - As of November 28, 2025, the top ten weighted stocks in the CSI Software Service Index account for 61.87% of the index, including companies like iFlytek, Kingsoft Office, and 360 [2] - The software ETF (159852) tracks the CSI Software Service Index, providing a convenient tool for investors looking to capitalize on the computer software industry [2] - Investors can also access AI software investment opportunities through the software ETF linked fund (012620) [3]

12月3日，金融科技板块继续下探寻底，个股普遍飘绿，仅税友股份、指南针、同花顺、艾融软件等4股 上涨。热门ETF方面，同类规模最大的金融科技ETF（159851）场内下挫逾1%失守年线，"抄底资金"涌 入，实时净申购超1亿份，此前两日资金已加仓超1.1亿元。 同类比较看，截至12月2日，金融科技ETF（159851）最新规模超90亿元，近6个月日均成交额8亿元， 规模、流动性在跟踪同一标的指数的8只ETF中断层第一！ 数据来源：沪深交易所等。 风险提示：金融科技ETF被动跟踪中证金融科技主题指数，该指数基日为2014.6.30，发布日期为 2017.6.22，该指数2020-2024年年度涨跌幅分别为：10.46%、7.16%、-21.40%、10.03%、31.54%，指数 成份股构成根据该指数编制规则适时调整，其回测历史业绩不预示指数未来表现。文中指数成份股仅作 展示，个股描述不作为任何形式的投资建议，也不代表管理人旗下任何基金的持仓信息和交易动向。基 金管理人评估的该基金风险等级为R3-中风险，适宜平衡型（C3）及以上投资者。任何在本文出现的信 息（包括但不限于个股、评论、预测、图表、指标、理论、任何形 ...

来源：新浪基金∞工作室 中证500ETF景顺（159935）业绩比较基准为中证500指数，管理人为景顺长城基金管理有限公司，基金 经理为龚丽丽，成立（2013-12-26）以来回报为121.35%，近一个月回报为-3.92%。 风险提示：市场有风险，投资需谨慎。本文为AI大模型自动发布，任何在本文出现的信息（包括但不 限于个股、评论、预测、图表、指标、理论、任何形式的表述等）均只作为参考，不构成个人投资建 议。 12月3日，中证500ETF景顺（159935）开盘涨0.27%，报2.216元。中证500ETF景顺（159935）重仓股方 面，胜宏科技开盘跌0.29%，华工科技跌0.19%，先导智能涨0.48%，芯原股份跌0.29%，巨人网络跌 0.42%，卧龙电驱跌0.24%，指南针涨0.39%，欣旺达涨0.21%，赤峰黄金跌0.32%，通富微电涨0.44%。 ...

Market Sentiment Tracking - As of November 28, 2025, the proportion of rising stocks in the CSI 300 has slightly decreased month-on-month, remaining above 50%, indicating a cooling market sentiment [4] - The momentum sentiment indicators show a downward trend, with the fast line below the slow line, suggesting a cautious outlook in the near term [4] - The short-term CSI 300 index is in a non-prosperous sentiment zone [4] Fund Separation Tracking - As of November 28, 2025, the degree of fund separation has slightly declined, indicating a strengthening of fund clustering [5] - The excess returns of clustered stocks and funds have seen a slight decrease over the past month [5] PB-ROE-50 Strategy Tracking - In November 2025, the PB-ROE-50 strategy yielded negative excess returns across various stock pools [6] - The excess return for the CSI 500 stock pool was -0.08%, for the CSI 800 stock pool was -1.09%, and for the overall market stock pool was -3.26% [6] Institutional Research Strategy Tracking - In November 2025, the public fund research stock selection strategy achieved positive excess returns [7] - This strategy outperformed the CSI 800 by 3.49%, while the private fund research tracking strategy underperformed by -1.36% [7] Negative List - As of November 28, 2025, several stocks with high interest-bearing debt ratios, such as Guiding Compass and Huaying Technology, ranked below 100 in traditional metrics [8] - Stocks with high financial cost burdens include Langjin Technology and Delixi Shares, with metrics exceeding 10 times [8]