转自：中国证券报·中证网 中证报中证网讯（王珞）8月22日晚，深高速公布2025年半年度经营业绩。上半年公司实现营业收入 39.19亿元，同比增长4.30%；归属于上市公司股东的净利润9.60亿元，同比增长24.04%。 报告显示，上半年，深高速实现路费收入24.49亿元，同比增长0.64%，扣除益常高速从2024年3月21日 起不再纳入合并范围的影响，同口径下路费收入同比增长4.31%。 据报告，深高速旗下在建项目进展顺利。其中，外环坑梓东枢纽与外环新围收费站分别于今年3月11日 与4月23日开通；外环三期已全线开工建设，截至报告期末，已完成约20%工程形象进度；机荷高速改 扩建项目主体工程已开工建设并完成约12%工程形象进度。此外，深高速通过控股子公司湾区发展持有 的京港澳高速公路广州至深圳段改扩建亦按计划推进，其中莞穗段已进入实体工程施工阶段；深圳段已 取得立项核准，正在推进环评、土地整备及初步设计等工作。 深高速表示，上半年，公司持续优化债务结构。报告期内共计发行超短期融资券、中期票据、可续期公 司债等93亿元对原有债务进行置换及补充营运资金，争取条件更优的银行贷款进行债务优化。此外，深 高速已完成了 ...

【环球网财经综合报道】今年以来，公募基金参与A股公司定增的热情持续升温。公募排排网数据显示，按定增上市日统计，今年以来共有24家公募机构参 与47家A股公司的定增项目，合计获配金额约142亿元。 上半年，电子行业成为公募机构定增布局的重中之重。公募机构参与到芯原股份、广信材料、清溢光电、佰维存储和容大感光5只电子行业个股的定增项目 中，合计获配金额达21.76亿元。基础化工行业则紧随其后。 业内人士分析认为，一方面，依托定增机制，公募机构得以锚定低于二级市场的价格，精准配置具备增长潜力的优质资产，通过成本优势优化持仓结构，实 现投资组合性价比的跃升。另一方面，基于对企业中长期发展战略、商业模式及行业前景的深度研判，公募基金将定向增发作为长期价值投资的重要抓手， 构建与优质企业共同成长的战略持仓。此外，定增市场普遍存在的折价空间，为公募基金创造了获取超额收益的窗口期，使其能够在资产定价中抢占先机。 （南木） 在这些个股中，昊华科技成为最受公募定增青睐的标的。财通基金、大成基金和诺德基金3家公募机构纷纷参与该股定增，合计获配金额高达16.28亿元。 行业层面，今年以来公募定增股广泛分布于16个申万一级行业。其中， ...

Core Viewpoint - The insurance and securities sectors are experiencing mixed performance, with significant capital inflows into the insurance securities ETF, indicating investor interest and potential growth opportunities in the market [1][2]. Group 1: Market Performance - As of August 7, 2025, the CSI 800 Securities and Insurance Index shows mixed performance among its constituent stocks, with Caida Securities leading with a 9.23% increase [1]. - The insurance securities ETF has seen continuous net inflows over the past eight days, with a peak single-day inflow of 25.05 million yuan, totaling 76.79 million yuan [1]. Group 2: Fundraising Activities - By August 1, 2025, 78 listed companies in A-shares have completed private placements, raising a total of 66.43 billion yuan, a year-on-year increase of 668.74% [1]. - Four banks, including China Bank, Postal Savings Bank, Transportation Bank, and Construction Bank, each raised over 100 billion yuan through private placements to supplement liquidity [1]. Group 3: Brokerage Opportunities - Brokerages are positioned to benefit from the expanding underwriting scale in the private placement market, which is expected to significantly enhance their related revenues [2]. - Strong capitalized brokerages can strategically allocate their own funds or asset management products to participate in high-quality targets during periods of low market valuations, potentially yielding excess investment returns [2]. - Active participation in private placements by brokerages not only creates value for themselves but also effectively supports the real economy and promotes healthy capital market development [2]. Group 4: Index Composition - As of July 31, 2025, the top ten weighted stocks in the CSI 800 Securities and Insurance Index account for 63.18% of the index, including major players like Ping An Insurance and CITIC Securities [3].

记者丨易妍君 编辑丨包芳鸣 其中，东海基金、朱雀基金、平安基金、鹏华基金等5家公募机构的定增浮盈比例超过50%。 受访人士向21世纪经济报道记者指出，今年以来，公募机构参与定增过程中，较为青睐电子、有色金 属、医药生物等行业，这些板块正迎来阶段性复苏机遇，叠加供需结构持续优化及政策层面的定向支 持，相关定增项目具有较好的投资前景，因此吸引了公募基金布局。 | 申万一级行业 | A股数量(只) | 获配金额(万元) | 浮盈金额(万元) | 浮盈比例 | | --- | --- | --- | --- | --- | | 公用事业 | 1 | 10370.00 | 18028.48 | 173.85% | | 电力设备 | 5 | 61911.98 | 33233.37 | 53.68% | | 医药生物 | 4 | 144155.28 | 75480.65 | 52.36% | | 有色金属 | 4 | 184926.98 | 85209.36 | 46.08% | | 汽车 | 3 | 63268.07 | 27708.23 | 43.79% | | | | 汽车自位置 绝望,白盐市 勤根中墙,八营社出口。 ...

记者丨易妍君 编辑丨包芳鸣 今年以来，A股定增市场异常火爆，公募基金参与热情高涨。 公募排排网的统计数据显示，截至8月5日，今年以来，有24家公募机构参与了A股定增（以定 增上市日为准，下同），合计获配金额达141.98亿元， 当前浮盈金额46.50亿元，浮盈比例接 近33%。 其中，东海基金、朱雀基金、平安基金、鹏华基金等5家公募机构的定增浮盈比例超过50%。 受访人士向21世纪经济报道记者指出，今年以来，公募机构参与定增过程中，较为青睐电子、 有色金属、医药生物等行业，这些板块正迎来阶段性复苏机遇，叠加供需结构持续优化及政策 层面的定向支持，相关定增项目具有较好的投资前景，因此吸引了公募基金布局。 公募"豪掷" 1 4 2亿元参与定增 据中航证券统计，截至8月1日，今年以来A股已有78家上市公司定增落地，增发股份数量合计 为882.27亿股，实际募资总额为6642.74亿元，同比大增668.74%。 其中，今年内，公募机构共参与了芯原股份、广信材料、清溢光电、佰维存储和容大感光5只 电子行业个股定增，合计获配金额达21.76亿元。 晨星（中国）基金研究中心高级分析师代景霞向21世纪经济报道记者指出，今年以 ...

（文章来源：每日经济新闻） 每经AI快讯，Wind数据显示，8月2日，A股共5家公司发布定增相关公告。其中3家定增预案获股东大会 通过，1家定增预案获交易所通过，1家定增方案停止实施。今年以来，已有81家公司公告定增方案已完 成，36家公司定增金额超10亿元。 ...

每经AI快讯，Wind数据显示，8月1日，A股共7家公司发布定增相关公告。其中2家公司披露股票定增预 案，4家定增预案获股东大会通过，1家定增预案获交易所通过。从当日最新披露定增预案来看，思泉新 材、长华化学分别拟定增不超4.66亿元、2.3亿元。今年以来，已有81家公司公告定增方案已完成，36家 公司定增金额超10亿元。 （文章来源：每日经济新闻） ...

Core Viewpoint - The article discusses the recent executive order signed by President Trump, which suspends the minimum tax exemption for low-value goods imported into the United States, effective from August 29 [1]. Group 1: Executive Order Impact - The executive order states that goods valued at or below $800, which previously qualified for minimum tax exemption, will now be subject to all applicable tariffs when shipped through methods other than international postal networks [1]. - For goods shipped via the international postal system, packages will be taxed based on either ad valorem or specific duties [1]. Group 2: Market Reactions - Following the announcement, the US dollar experienced a sharp increase, while gold prices fell significantly [1]. - The article also mentions that President Trump indicated a potential 25% tariff on Indian goods, which could further impact trade dynamics [1].

Group 1 - The A-share market has seen a significant increase in private placements, with 76 companies completing placements and raising a total of 663.3 billion yuan, a year-on-year increase of 667.15% [1][2] - The majority of companies involved in private placements are from the capital goods, materials, and technology hardware sectors, with 21, 10, and 9 companies respectively [2] - Four banks raised over 100 billion yuan each through private placements, aimed at supplementing liquidity, while the remaining companies raised less than 20 billion yuan for various purposes [2] Group 2 - Securities firms are capitalizing on the recovery of the private placement market, benefiting from increased underwriting fees and potential investment returns from subscribed shares [3] - The expansion of private placement business is expected to enhance the revenue of securities firms, with underwriting and advisory fees being a significant portion of the issuance costs [3][4] - A total of 31 securities firms acted as lead underwriters for private placements, with CITIC Securities leading by underwriting 21 companies [4] Group 3 - Securities firms' participation in private placements is seen as beneficial for both their own profitability and the support of the real economy and industry upgrades [5][6] - The large-scale subscriptions by leading securities firms send positive signals to the market, boosting investor confidence and trading activity [6]

Core Viewpoint - The A-share market has seen a significant increase in equity financing in 2023, with a total of 172 companies raising 823.51 billion yuan, marking a year-on-year growth of 371.52% [1] Group 1: Equity Financing Overview - As of July 28, 2023, 172 companies completed equity financing, raising a total of 823.51 billion yuan, which is a 371.52% increase year-on-year [1] - Among these, 90 companies completed private placements, raising 722.30 billion yuan, up 543.73% year-on-year, while 25 companies issued convertible bonds, raising 40.56 billion yuan, a 53.53% increase [1] - The financial sector leads in private placement scale, with major state-owned banks like Bank of China, Postal Savings Bank, and others raising over 1 trillion yuan each for liquidity support [2][8] Group 2: Regulatory Support and Market Trends - The surge in private placements is supported by regulatory measures aimed at increasing long-term capital inflow into the market, including a joint implementation plan released by six departments in early 2025 [5] - The total amount raised through private placements in 2023 has already surpassed the total for the entire previous year [6] - The "merger and acquisition policies" have also contributed to a rise in financing for acquisitions, with 16 out of 90 private placements being used for asset acquisitions [7] Group 3: Industry Distribution and Company Actions - The manufacturing and high-tech industries are the main contributors to private placements, with significant participation from sectors like chemicals, hardware, machinery, and electrical equipment [7] - Several companies are actively planning private placements, with 352 companies updating their refinancing plans by July 28, 2023, a 162.69% increase from the previous year [12] - The Shenzhen Stock Exchange has introduced guidelines to enhance financing flexibility for companies classified as "light asset" and "high R&D input," allowing them to bypass certain restrictions [13][14] Group 4: Simplified Procedures and Case Studies - A growing number of small and medium-sized enterprises are utilizing simplified procedures for private placements, which allow for quicker approvals and less stringent requirements [8][9] - For instance, Platinum New Materials raised 300 million yuan through a simplified procedure, demonstrating the efficiency of this financing method [10]