来源：资市会 Wind数据显示，以基金成立日为统计口径，2025年全市场新成立了1555只基金（只显示初始基金，剔 除转型基金和后分级基金），新产品成立数量创近四年来新高，首募规模合计达1.21万亿元。 2025年新成立的基金，发行有哪些新变化？哪些基金公司成立的数量多、规模大，谁的数量少、规模 小？哪些基金经理成大赢家？2025年未拿到"准生证"新基金又是什么情况？ 2025年，伴随A股市场震荡上升，公募行业深耕高质量发展，从"重规模"向"重回报"转型，整体管理规 模接连突破多个整数关口，实现稳步增长。 根据基金业协会最新数据，截至2025年11月末，公募基金管理规模达37.02万亿元，基金数量达13490 只，再创历史新高。 除了存量产品规模增长之外，也离不开新基金的大量发行。 新基金发行有何变化？哪些公司成立的数量多、规模大，哪些数量少、规模小？哪些基金经理成大赢 家？2025年未拿到"准生证"新基金情况又是怎么样的？ 作者|资市分子 01 权益新基金数占比超七成 2022年至2024年，新成立公募基金数量分别为1457只、1272只、1135只。2025年一举遏制了过去三年新 基金成立下滑趋势，成立了 ...

本报讯 （记者昌校宇） （编辑 张明富） 电力ETF景顺以中证全指电力公用事业指数为跟踪标的。该指数从中证全指中选取电力公用事业行业股票，当前成份股57 只，全面覆盖火电、水电、风电、核电等多种类型，既能把握电力系统多样化投资机会，也有助于分散单一电力品种的价格波 动风险等。该指数前十大权重股均为各电力细分领域龙头，合计权重52.07%，行业代表性较强，有利于通过龙头效应提升指数 的稳定性。 此外，作为公用事业板块，电力行业受经济周期变化的影响相对较小，长期以来呈现盈利稳健、估值较低的红利特征。 Wind资讯数据显示，截至2025年12月31日，中证全指电力公用事业指数的股息率为2.57%，高于代表A股整体表现的中证全指 （1.96%），具备较好的长期配置价值。同时，过去5年，在完整市场周期中，该指数累计上涨30.30%，表现相对稳健。 2025年以来，AI技术的持续突破带动算力爆发式增长，数据中心等AI基础设施快速扩张，推动电力需求显著提升，电力已 成为数字经济时代的关键生产要素。同时，国内政策对可再生能源的大力支持，有望持续提升电力在终端能源消费中的占比。 在此背景下，景顺长城基金旗下的电力ETF景顺应势 ...

2025年以来，随着AI技术的持续突破，算力爆发式增长推动数据中心等AI基础设施快速扩张，对电力 的需求水涨船高，使其成为数字经济时代的核心生产要素；同时，伴随国内政策对电力等可再生能源的 支持，其在终端能源消费中的占比或将持续提升。在此背景下，电力ETF景顺（代码：159158）的发 行，可谓恰逢其时，该基金紧密跟踪中证全指电力公用事业指数，广泛覆盖多种电力行业，为投资者提 供布局电力的便捷工具。 需求爆发+政策支持，双轮驱动 "算力的尽头是电力"并非短期炒作，而是基于AI算力持续扩张对电力消耗提出巨大需求的长期趋势。一 方面，随着AI大模型不断更新迭代，训练功耗也在持续增加，例如GPT-4.5进行一次训练所消耗的电量 大约是110亿千瓦时，相当于100万个美国家庭一整年的用电量；另一方面，数据中心的扩张对电力的需 求也正快速增长，据IEA预测，到2030年，全球数据中心用电量将增至约945TWh，较2024年 （415TWh）增长一倍以上，期间复合增速约15%。（数据来源：信达证券、天风证券等机构） 然而面对电力需求的增长，海外的电力供应却受限于设备老化、能源转型和制造业回流抢电等因素，以 美国为例，20 ...

Core Viewpoint - Huayi Brothers' stock price has shown fluctuations with a recent increase of 5.07% year-to-date, but a decline over the past 20 and 60 days, indicating volatility in the market performance of the company [1][2]. Financial Performance - For the period from January to September 2025, Huayi Brothers reported a revenue of 215 million yuan, representing a year-on-year decrease of 46.08% [2]. - The company recorded a net profit attributable to shareholders of -114 million yuan, which is a significant decline of 168.15% compared to the previous year [2]. Shareholder Information - As of September 30, 2025, the number of shareholders for Huayi Brothers was 97,100, a decrease of 3.27% from the previous period [2]. - The average number of circulating shares per shareholder increased by 3.38% to 25,591 shares [2]. Dividend History - Since its A-share listing, Huayi Brothers has distributed a total of 850 million yuan in dividends, but there have been no dividends paid in the last three years [3]. Institutional Holdings - As of September 30, 2025, the top ten circulating shareholders included Southern CSI 1000 ETF, which held 25.37 million shares, a decrease of 335,600 shares from the previous period [3]. - Hong Kong Central Clearing Limited increased its holdings to 17.84 million shares, an increase of 112,600 shares [3].

银信科技所属申万行业为：计算机-IT服务Ⅱ-IT服务Ⅲ。所属概念板块包括：数字经济、智慧城市、网 络安全、算力概念、华为昇腾等。 截至9月30日，银信科技股东户数4.56万，较上期减少8.92%；人均流通股9741股，较上期增加9.79%。 2025年1月-9月，银信科技实现营业收入12.62亿元，同比增长9.08%；归母净利润5268.58万元，同比增 长3.42%。 1月9日，银信科技盘中上涨2.05%，截至14:27，报10.96元/股，成交1.16亿元，换手率2.39%，总市值 48.69亿元。 资金流向方面，主力资金净流入271.10万元，特大单买入293.90万元，占比2.54%，卖出108.80万元，占 比0.94%；大单买入2539.42万元，占比21.99%，卖出2453.41万元，占比21.24%。 银信科技今年以来股价涨4.08%，近5个交易日涨4.08%，近20日涨4.88%，近60日跌1.62%。 资料显示，北京银信长远科技股份有限公司位于北京市朝阳区安定路35号北京安华发展大厦8层，成立 日期2004年5月31日，上市日期2011年6月15日，公司主营业务涉及面向政府和企事业单位数 ...

Group 1 - The core viewpoint of the news is that Junyi Digital has shown a significant increase in stock price and trading activity, indicating positive market sentiment towards the company [1][2] - As of January 9, Junyi Digital's stock price rose by 2.19% to 24.22 CNY per share, with a total market capitalization of 4.177 billion CNY [1] - The company has experienced a year-to-date stock price increase of 10.04%, with notable gains over the past 5 days (10.04%), 20 days (6.09%), and 60 days (7.79%) [2] Group 2 - Junyi Digital, established on May 16, 2002, and listed on July 26, 2023, primarily provides system integration services, operational services, and self-developed product sales for smart city clients [2] - The revenue composition of Junyi Digital includes 93.45% from smart city information system integration, 4.51% from design, research and technical services, 1.71% from financial security, and 0.33% from operational services [2] - As of November 20, the number of shareholders decreased by 8.46% to 16,500, while the average circulating shares per person increased by 9.25% to 5,976 shares [2] Group 3 - For the period from January to September 2025, Junyi Digital achieved a revenue of 279 million CNY, representing a year-on-year growth of 17.87%, while the net profit attributable to shareholders decreased by 43.34% to 17.1434 million CNY [2] - Since its A-share listing, Junyi Digital has distributed a total of 67.76 million CNY in dividends [3] - As of September 30, 2025, among the top ten circulating shareholders, Guangfa Growth Enterprise Index Enhanced A (025195) is a new entrant holding 458,600 shares, while Jinying Reform Dividend Mixed (001951) has exited the top ten [3]

Group 1 - The core viewpoint of the news is that Guanglianda's stock has shown a slight increase in price and trading volume, indicating positive market sentiment despite a recent decline in revenue [1][2] - As of January 9, Guanglianda's stock price rose by 2.03% to 13.07 yuan per share, with a total market capitalization of 21.591 billion yuan [1] - The company has a diverse revenue structure, with digital cost business contributing 82.10%, digital construction business 11.21%, overseas business 4.17%, and other businesses 1.41% [1] Group 2 - For the period from January to September 2025, Guanglianda reported a revenue of 4.27 billion yuan, a year-on-year decrease of 2.22%, while net profit attributable to shareholders increased by 45.90% to 311 million yuan [2] - The company has distributed a total of 3.69 billion yuan in dividends since its A-share listing, with 836 million yuan distributed in the last three years [3] - As of September 30, 2025, the number of shareholders decreased by 1.17% to 97,500, while the average circulating shares per person increased by 1.18% to 16,281 shares [2][3]

Core Viewpoint - JiuYuan YinHai (SZ002777) reached its daily limit on January 9, 2026, with a price of 20.31 yuan, marking a 10.02% increase, and a total market capitalization of 8.291 billion yuan [1] Group 1: Financial Performance - The company completed fundraising project adjustments, permanently supplementing 158 million yuan to its working capital, significantly improving capital efficiency [2] - In Q3 2025, the net profit attributable to shareholders increased by 151.66% year-on-year, while the non-recurring net profit surged by 492.73%, and the net cash flow from operating activities turned positive, improving by 131.24% year-on-year [2] Group 2: Strategic Focus - JiuYuan YinHai is focusing on three strategic directions: healthcare insurance, digital governance, and smart cities, leveraging big data and cloud computing technologies to empower the livelihood sector [2] - The current market shows high interest in digital economy and healthcare informationization, indicating potential growth in the industry [2] Group 3: Research and Development - The company's R&D investment increased by 48.69% year-on-year, indicating a stronger commitment to technological innovation, which will enhance core competitiveness [2] - Two subsidiaries received recognition as high-tech enterprises, allowing them to enjoy a 15% corporate income tax reduction for the next three years, which will improve overall profitability [2] Group 4: Market Dynamics - Technical analysis suggests that if the MACD indicator forms a golden cross and the stock price breaks through significant resistance levels, market confidence in the stock will increase [2] - On the day of the price surge, if there is significant inflow of institutional funds and high net buying amounts, it will drive the stock price up to the limit [2]

Group 1 - The core viewpoint of the news is that Guangbo Co., Ltd. has shown a mixed performance in stock price and financial results, with a slight increase in stock price year-to-date and a notable growth in revenue and net profit for the first nine months of 2025 [1][2]. Group 2 - As of January 9, Guangbo's stock price increased by 2.17% to 9.41 CNY per share, with a total market capitalization of 5.028 billion CNY [1]. - The company has seen a year-to-date stock price increase of 3.18%, with a 3.18% rise over the last five trading days, a 0.42% decline over the last 20 days, and a 0.64% increase over the last 60 days [1]. - For the period from January to September 2025, Guangbo achieved a revenue of 1.839 billion CNY, representing a year-on-year growth of 4.59%, and a net profit attributable to shareholders of 125 million CNY, reflecting an 18.87% increase [2]. Group 3 - Guangbo's main business segments include office direct sales (52.94%), office supplies (26.14%), leisure life products (12.64%), creative products (5.44%), and other products (1.99%) [1]. - The company has a total of 55,400 shareholders as of September 30, 2025, which is a decrease of 9.36% from the previous period, while the average circulating shares per person increased by 10.32% to 6,862 shares [2]. - Guangbo has distributed a total of 309 million CNY in dividends since its A-share listing, with no dividends paid in the last three years [3].

Group 1 - The core point of the news is that Jinqiao Information's stock price increased by 5.34% to 17.75 CNY per share, with a trading volume of 439 million CNY and a turnover rate of 6.95%, resulting in a total market capitalization of 6.486 billion CNY [1] - Jinqiao Information, established on August 17, 1994, and listed on May 28, 2015, is based in Xuhui District, Shanghai, and specializes in smart scene solutions, smart building solutions, and big data and cloud platform services [1] - The revenue composition of Jinqiao Information is as follows: smart scene solutions account for 51.82%, smart building solutions for 26.73%, and big data and cloud platform services for 21.45% [1] Group 2 - From the perspective of the top ten circulating shareholders, a fund under Caitong Securities Asset Management is among the top shareholders of Jinqiao Information, having reduced its holdings by 3.0349 million shares to 2.457 million shares, representing 0.67% of the circulating shares [2] - Caitong Asset Management's Digital Economy Mixed Fund A (017483) was established on December 26, 2022, with a latest scale of 1.069 billion CNY, achieving a year-to-date return of 5.56% and a one-year return of 98.35% [2]