2月25日，鹏鼎控股盘中上涨2.09%，截至10:08，报59.68元/股，成交5.82亿元，换手率0.43%，总市值 1383.41亿元。 分红方面，鹏鼎控股A股上市后累计派现97.25亿元。近三年，累计派现50.97亿元。 机构持仓方面，截止2025年9月30日，鹏鼎控股十大流通股东中，香港中央结算有限公司位居第三大流 通股东，持股8239.70万股，相比上期增加3459.08万股。华泰柏瑞沪深300ETF（510300）位居第五大流 通股东，持股1191.88万股，相比上期减少50.88万股。易方达沪深300ETF（510310）位居第七大流通股 东，持股855.80万股，相比上期减少28.22万股。兴全商业模式混合(LOF)A（163415）、兴全合润混合A （163406）、兴全新视野定期开放混合型发起式（001511）退出十大流通股东之列。 资金流向方面，主力资金净流入2036.80万元，特大单买入7085.97万元，占比12.17%，卖出6226.05万 元，占比10.69%；大单买入1.37亿元，占比23.59%，卖出1.26亿元，占比21.57%。 声明：市场有风险，投资需谨慎。本文基于第三 ...

"坚持实体经济为本、工商并举……因地制宜发展新质生产力，促进产业向新向强""坚持'双碳'引领，加 快经济社会发展全面绿色转型，筑牢生态安全屏障，增强绿色发展动能"……2026年广州市政府工作报 告对产业升级与金融创新的部署，为金融机构精准服务城市发展锚定了方向。 作为扎根南粤的金融主力军，兴业银行广州分行紧扣广州"产业第一、制造业立市"战略和"大干十二 年、再造新广州"发展愿景，以创新为核心驱动力，在科技金融与绿色金融两大领域持续突破、精耕细 作，通过评审模式革新、产品体系迭代、服务生态构建，将金融创新活力转化为产业发展动能，为广州 建设国际科技枢纽、推进绿美生态建设注入强劲的金融力量。 科技金融创新：赋能新质生产力 发展新质生产力，是广州推动产业升级的核心抓手，而科技金融创新则是激发科技活力的关键引擎。针 对科技企业"轻资产、高研发、长周期"的特性，兴业银行广州分行打破传统金融服务桎梏，以评审模 式、产品体系、服务生态三大创新为抓手，构建全生命周期科技金融服务体系，精准对接广州人工智 能、半导体、稀散金属材料等战略性新兴产业发展需求，让金融"活水"精准滴灌科技沃土。 评审模式的创新，是破解科技企业融资难题的 ...

Group 1 - The core viewpoint of the article highlights a significant increase in the number of new funds launched in February, with 36 new funds expected to be issued in the first trading week after the holiday [1] - In January, a total of 169 new funds were launched, representing a month-on-month increase of 26.12% and a year-on-year increase of 106.10% due to the low base effect from the previous year [1] - The total fundraising amount in January reached 135.234 billion yuan, showing a month-on-month increase of 40.37% and a year-on-year increase of 56.31% [1] Group 2 - Mixed funds and Funds of Funds (FOF) achieved record high monthly fundraising scales, with 55 mixed funds issued in January, marking the highest issuance since January 2023 [3] - Mixed funds accounted for 32.54% of the total issuance and 41.84% of the total fundraising scale in January, primarily driven by actively managed mixed funds [3] - Several public fund institutions have indicated structural opportunities in sectors such as artificial intelligence, semiconductors, and consumer goods, anticipating significant inflows of capital by 2026 [3]

Core Viewpoint - The A-share market is experiencing a strong performance post-Spring Festival, with multiple sectors showing structural opportunities amid economic recovery and industrial upgrades [1] Group 1: Market Outlook - Analysts from various public funds expect continued inflow of incremental capital into the A-share market, supported by manufacturing investment and capital expenditure from listed companies [1] - The macroeconomic environment is favorable, with long-term planning and policy encouraging sustained capital market participation, leading to upward market momentum [2] - The market is likely to maintain a trend of oscillating upward, driven by cyclical price increases and the expansion of AI-related sectors [2] Group 2: Sector Focus - The AI sector is a focal point for public fund strategies, with expectations for significant growth in AI applications and revenue generation from major players like OpenAI and Google [3] - The semiconductor industry is rapidly evolving, driven by AI developments, with a focus on individual stock performance and industry trends [4] - The consumer sector is at a critical turning point, with anticipated investment opportunities emerging as consumer demand shifts towards high-end and service consumption [4] Group 3: Investment Strategies - Public funds are emphasizing cyclical industries, with a narrative shift expected in 2026 as policy-driven changes and global supply chain restructuring elevate Chinese manufacturing leaders to a position of pricing power [4] - Investment strategies should focus on technology sectors, including semiconductors and AI, as well as industries related to external demand such as chemicals and machinery [4]

盛合晶微是一家红筹企业，此次拟募资48亿元冲刺科创板上市。从现场问询来看，上交所上市委要求盛 合晶微结合其2.5D业务的技术来源，三种技术路线的应用领域、发展趋势、市场空间，以及新客户开拓 情况，说明与主要客户的业务稳定性及业绩可持续性。据审核结果，盛合晶微无进一步需落实事项。 招股书显示，盛合晶微是集成电路晶圆级先进封测企业，起步于先进的12英寸中段硅片加工，并进一步 提供晶圆级封装（WLP）和芯粒多芯片集成封装等全流程的先进封测服务，致力于支持各类高性能芯 片，尤其是图形处理器（GPU）、中央处理器（CPU）、人工智能芯片等，通过超越摩尔定律的异构集 成方式，实现高算力、 高带宽、低功耗等全面性能提升。 ◎记者 何昕怡 此次IPO，盛合晶微拟募资48亿元，用于三维多芯片集成封装项目、超高密度互联三维多芯片集成封装 项目。 业绩方面，2023年、2024年和2025年上半年，公司分别实现营业收入30.38亿元、47.05亿元和31.78亿 元，归母净利润分别为3413.06万元、2.14亿元和4.35亿元。 2月24日，上交所官网显示，盛合晶微半导体有限公司（简称"盛合晶微"）科创板IPO已通过上交所上市 ...

2月24日，广东省高质量发展大会在广州召开，本次大会以制造业与服务业协同发展为核心主题。 21财经客户端学习经济工作室《大V聊会》栏目特邀"刘晓博说财经"创始人刘晓博分享真知灼见。 刘晓博认为，在自动化与人工智能普及背景下，服务业就业增长空间显著大于制造业，两业协同是稳定 扩大就业、吸引人口流入的重要抓手，也是广东保持经济社会活力的关键。 刘晓博建议，广东可重点布局人工智能、半导体、机器人、可控核聚变等前沿领域，加快传统制造业转 型升级。他强调，以占全国三分之一规模的跨境电商为代表的新业态，有助于重构全球贸易价值链，让 中国企业掌握更多品牌与核心利润，进一步提升广东产业的全球竞争力。 （文章来源：21世纪经济报道） 制造业与服务业是广东经济的两大基石。刘晓博指出，推动两业深度融合，能够打破产业价值天花板， 形成高质量发展的强大动力。他表示，高附加值产品的核心竞争力，本质上都是服务业加持制造业的结 果，科技创新、工业设计、品牌营销、资本市场等是产业升级的关键支撑。 ...

Group 1 - The Hong Kong stock market experienced a strong rebound on February 23, with major indices rising significantly, including the Hang Seng Index up by 2.53% to 27,081.91 points and the Hang Seng Tech Index up by 3.34% to 5,385.35 points [1] - Various sectors showed broad-based gains, with notable performances in metals, automotive, hardware, electrical equipment, consumer discretionary retail, and chemicals, which were key drivers of the market's upward movement [1] - Major internet stocks also performed well, with Tencent Holdings increasing by 3.07% and Alibaba rising by 3.47% [1] Group 2 - Analysts from Suzhou Securities indicated that the primary driver behind the Hong Kong market's rebound was improved expectations regarding external policies, particularly adjustments in U.S. tariff policies, which could enhance profit expectations for Chinese export-oriented, technology, and consumer companies [1] - The rebound in the Hong Kong market was also in line with the overall trends in global capital markets [1] - Several local Suzhou stocks performed exceptionally well during this rebound, including Zhixing Technology, which surged by 13.3%, and semiconductor company InnoCare, which rose by 10.07%, along with over ten local biopharmaceutical stocks showing strong performance [1] Group 3 - Overall, the Hong Kong market showed an upward trend during the three trading days while the A-share market was closed, with the Hang Seng Index accumulating a rise of 1.94% and the Hang Seng Tech Index increasing by 0.47% [2] - Following the positive start in the Hong Kong market, it is expected that the A-share market will likely open higher after the holiday [2] - Sectors such as AI applications, robotics, and media are anticipated to remain active in the upcoming trading sessions [2]

智通财经APP讯，微导纳米(688147.SH)披露2025年年度业绩快报，公司营业收入26.32亿元，同比小幅 度下降2.52%;实现归属于母公司所有者的净利润2.13亿元，同比下降6.12%;实现归属于母公司所有者的 扣除非经常性损益的净利润1.53亿元，同比下降18.49%。 公司业绩变动主要受以下因素影响：光伏设备验收数量减少，导致整体营收小幅下降;产品结构变动、 新建产能导致折旧摊销增加、叠加光伏相关项目计提资产减值损失;为推进半导体业务的发展并保持在 新一代光伏电池技术的领先优势，继续保持高研发投入。 ...

以金融服务为实体经济注入源头活水。2月24日，在广东省高质量发展大会"科技与金融创新赋能产业融 合"分会场，中国银行广东省分行（下称"广东中行"）行长柯建勋为该行接下来助力建设现代化产业体 系、大湾区国际科技创新中心与助力广东经济高质量发展设下了多个"硬指标"。 此外，柯建勋透露，广东中行将联合集团综合经营公司设立"大湾区投行综合服务平台"，助力粤企拓宽 融资渠道；同时，设立专项基金，以"综合化"服务精准支持人工智能、半导体等领域"卡脖子"技术攻 关。 计划五年投放基础设施贷款超5000亿元 柯建勋强调，广东中行将持续紧跟政策导向，强化"投贷债"联动，用好新型政策性金融工具及各类财政 金融协同政策，为重点领域提供优质配套金融服务。 "大力支持基础设施建设、绿美广东生态建设，设置绿色审批通道。"柯建勋表示，"十五五"期间，广东 中行计划基础设施贷款投放超5000亿元；此外，紧跟区域协调发展，助力实施"金融顾问联县赋能行 动"。 柯建勋指出，广东中行将紧紧围绕"制造业当家"，大力支持传统产业高端化、智能化、绿色化改造，并 前瞻布局商业航天、低空经济、生物制造等未来产业，"十五五"期间计划投放制造业贷款超1.5万亿 ...

Report Industry Investment Rating - Not provided in the content Core Viewpoints of the Report - The impact of refinancing policies on the convertible bond market is limited, and the post - holiday market is promising. The current situation of supply - demand imbalance in the convertible bond market is difficult to resolve quickly in the short term. The market's expectation of a medium - to - long - term slow - bull market remains unchanged, and trading opportunities are better than allocation opportunities at present [6][9]. - The pre - holiday adjustment in the A - share market may be preparing for the entry of incremental funds after the holiday. In an environment of stable domestic and volatile foreign markets, foreign capital inflows are worth looking forward to, and the slow - bull pattern remains unchanged, with mid - cap blue - chip stocks becoming the mainstay in the future [6][10]. Summary by Relevant Catalogs 1. Convertible Bond Views: Limited Impact of Refinancing Policies, Promising Post - holiday Market - The new refinancing policies have two main impacts on the convertible bond market: allowing high - quality broken - issue enterprises to obtain financing qualifications and concentrating future new convertible bond supplies in high - quality science and technology enterprises such as those in artificial intelligence, semiconductors, and high - end manufacturing. After the new rules, Zhongke Shuguang announced plans to issue 8 billion yuan of convertible bonds. High - quality and scarce targets and new bonds will still be popular, while mediocre ones will be marginalized [6][9]. - The current trend of convertible bonds is mainly supported by the underlying stocks. Although the valuation of convertible bonds is high, the possibility of active valuation reduction in the short term is low. Trading opportunities are better than allocation opportunities at present. Attention should be paid to technical indicators, and when the overall market premium rate is too high, the importance of the remaining term of individual bonds becomes more prominent. It is recommended to focus on newly - issued bonds, bonds that waive redemption, and those with non - reduced shares by shareholders [6][9]. 2. Convertible Bond Review: Declining Convertible Bond Transactions, Volatile and Rising Valuations 2.1 Market Overall Performance: Most Equity Indexes Rose, but Trading Volume Declined - The equity market strengthened slightly and then declined. Technology stocks were stronger than heavy - weight stocks. The Science and Technology Innovation 50 Index rose 3.37%, the CSI 1000 Index rose 1.90%, the CSI 500 Index rose 1.88%, the Shenzhen Component Index rose 1.39%, the ChiNext Index rose 1.22%, the CSI 2000 Index rose 1.17%, the CSI Convertible Bond Index rose 1.08%, the Shanghai Composite Index rose 0.41%, the SSE 50 Index fell 0.12%, and the North Exchange 50 Index rose 0.58%. In terms of industries, the comprehensive, computer, and electronics sectors led the gains, while the textile and clothing, food and beverage, and beauty care sectors led the losses. The average daily trading volume decreased by 298.263 billion yuan to 2.1 trillion yuan [16]. - The top ten convertible bonds in terms of weekly gains were Yubang Convertible Bond, Yingliu Convertible Bond, Hengshuai Convertible Bond, etc. In terms of trading volume, Baichuan Convertible Bond 2, Shuangliang Convertible Bond, Fengyu Convertible Bond, etc. were relatively active [16]. 2.2 Declining Convertible Bond Transactions, Leading Gains of High - priced and Small - cap Convertible Bonds - This week, convertible bonds continued to rise significantly. The 100 - yuan premium rate reached a new high, and the average daily trading volume decreased to 75.505 billion yuan. The CSI Convertible Bond Index rose 1.08%, the median conversion parity decreased 1.2% to 107.5 yuan, and the median conversion premium rate increased 2.0% to 34.8%. In terms of style, high - priced and small - cap convertible bonds led the gains this week, while large - cap and dual - low convertible bonds performed weakly [6][21].