登录新浪财经APP 搜索【信披】查看更多考评等级 证券时报记者 梁谦刚 2015年以来，A股市场经历深刻变革，随着各项制度完善，上市公司回购积极性提高、分红金额增长，同时，重要 股东净减持下降、退市力度加大，市场生态获得良性发展，投资者信心大幅提高。本文为《数说A股这十年》之市 场生态篇，从四大维度展现A股近十年变化，并探讨其背后驱动因素及未来趋势。 从2015年到2024年，在监管部门的政策引导和市场各方共同努力下，A股市场逐步建立起更加健康和可持续的发展 模式。数据显示，2024年A股市场回购规模突破1600亿元，现金分红总额接近2.4万亿元，退市公司数量创下历史 新高。通过这些数据，我们看到A股市场正在向着更加规范和成熟的方向前进。 回购从少数派到常态化 上市公司回购积极性提高是市场生态优化的重要标志。在A股市场的发展历程中，回购经历了从少数派到常态化的 跨越。据证券时报·数据宝统计，2015年至2017年，A股每年回购金额均未超过100亿元，且回购目的多为股权激 励。随着鼓励政策持续推出，回购逐渐成为上市公司稳定股价、维护股东利益的重要手段。 回馈市场意识持续增强 分红是市场生态健康与否的关键指标，也 ...

Group 1: Institutional Research Highlights - The top twenty companies with the most institutional research in the past 30 days include Ice Wheel Environment, Boshi Jie's, Jun Ding Da, Huichuan Technology, and Dazhu Laser[5] - In the last five days, the most researched companies include Hu Dian Co., Guilin Sanjin, Ice Wheel Environment, Mankalon, and Xingrong Environment[5] - Among the top twenty companies in the past 30 days, five had ten or more rating agencies, namely Ice Wheel Environment, Boshi Jie's, Jun Ding Da, Huichuan Technology, and Dazhu Laser[5] Group 2: Shareholder Increase and Buyback Situations - From June 30 to July 4, 2025, two companies announced significant shareholder increases, both having ten or more rating agencies: Renfu Pharmaceutical and Suzhou Bank[7] - From January 1 to July 4, 2025, 234 companies announced shareholder increases, with 64 having ten or more rating agencies[24] - In the same period, 288 companies announced buyback progress, with 78 having ten or more rating agencies, including Xiamen Xiangyu, Huafa Shares, Changhong Meiling, Pingmei Shares, and Mengbaihe[28] Group 3: Financial Metrics and Recommendations - The average expected buyback amount as a percentage of the market value on the announcement date exceeded 1% for companies like Xiamen Xiangyu (6.42%), Huafa Shares (3.21%), and Changhong Meiling (3.03%)[29] - For the year 2025, 1,573 companies announced buyback progress, with 345 having ten or more rating agencies, and 93 companies had a buyback amount exceeding 1% of their market value[30]

Group 1: Institutional Research on Popular Companies - The top twenty companies with the highest number of institutional research in the past 30 days include Ice Wheel Environment, Boshi Jie, Jun Ding Da, Huichuan Technology, and Dazhu Laser [2][8] - In the last five days, the most researched companies are Hu Dian Co., Guilin Sanjin, Ice Wheel Environment, Mankalon, and Xingrong Environment [2][8] - Among the top twenty companies in the past 30 days, five have received ratings from ten or more institutions, namely Ice Wheel Environment, Boshi Jie, Jun Ding Da, Huichuan Technology, and Dazhu Laser [2][8] - Jun Ding Da and Dazhu Laser are expected to achieve significant growth in net profit attributable to shareholders in 2024 compared to 2023 [2][8] Group 2: Shareholder Increase in A-Share Listed Companies - From June 30 to July 4, 2025, two companies announced significant shareholder increases, both rated by ten or more institutions: Renfu Pharmaceutical and Suzhou Bank [3][12] - From January 1 to July 4, 2025, a total of 234 companies announced shareholder increases, with 64 rated by ten or more institutions. Among these, 19 companies have proposed increases where the average proposed amount exceeds 1% of the market value on the announcement date [3][12][14] Group 3: A-Share Buyback Situation - From June 30 to July 4, 2025, 288 companies announced buyback progress, with 78 rated by ten or more institutions. Companies with an expected buyback amount exceeding 1% of the market value include Xiamen Xiangyu, Huafa Co., Changhong Meiling, Pingmei Co., and Mengbaihe [3][16] - From January 1 to July 4, 2025, 1,573 companies announced buyback progress, with 345 rated by ten or more institutions. Among these, 93 companies have a significant buyback ratio, and several are in the board proposal stage, including Changhong Meiling, Liugong, Sanor Biotech, and others [3][18]

美的集团公告称，公司17日首次以集中竞价方式实施最新回购方案，回购股份数量为207.81万股，占公 司目前总股本的0.0271%，成交价为72.02元/股至72.89元/股，支付的总金额为1.5亿元。16日晚间美的集 团抛出本轮回购方案，公司拟以50亿元至100亿元，以集中竞价交易方式实施回购，回购资金来源为自 有资金或股票回购专项贷款。 腾讯控股公告，公司17日斥资5亿港元回购98万股股份，每股回购价格为507港元至514港元。 华海清科董事长王同庆提议使用5000万元至1亿元超募资金及自有资金，通过集中竞价方式实施回购。 回购的股份未来可用于员工持股计划、股权激励或注销。 颀中科技总经理杨宗铭提议以7500万元至1.5亿元超募资金、自有资金及股票回购专项贷款资金，以集 中竞价方式实施回购，用于员工股权激励或员工持股计划。 成大生物董事长李宁基于对公司长期发展战略的坚定信心及内在价值的充分认可，提议以1000万元至 2000万元，通过集中竞价方式回购公司股份，用于员工持股计划或股权激励。 6月17日晚间，多家上市公司密集官宣了回购计划或回购进展。 在"科创板八条"发布一周年之际，上市公司持续深化"提质增效重 ...

7月1日，信达证券发布公告称，研究开发中心总经理程远正式出任公司副总经理一职。值得一提的是， 程远属于"85后"少壮派，曾担任过东兴基金投资总监兼研究总监、华泰证券三大消费领域首席研究员等 职务。2019年，程远加盟信达证券研究所，2021年6月至今任信达证券研究开发中心总经理。 点评：信达证券"85后"程远升任副总经理，其丰富的投研背景或提升公司相关业务竞争力，对股价形成 一定支撑。这一人事变动或引发市场对券商行业年轻化、专业化趋势的关注，推动相关板块关注度提 升。整体来看，此举体现了券商行业人才梯队建设的积极信号，有助于提振市场对行业长期发展的信 心。 NO.1 国泰海通：已斥资10.51亿回购5922.44万股A股股份 7月1日，国泰海通发布公告称，截至2025年6月30日，公司通过集中竞价交易方式已累计回购A股股份 5922.44万股，占公司总股本的比例为0.3359%，购买的最高价为19.18元/股，最低价为16.49元/股，已支 付的总金额为10.51亿元（不含交易费用）。 点评：国泰海通斥资10.51亿元回购A股股份，显示公司对自身价值的信心，可能引发市场对公司治理和 未来发展的关注，进而影响投 ...

Group 1: Shareholder and Buyback Activities - Shareholder Lu Yin Investment's buyback plan has exceeded the lower limit of CNY 125 million, with a target upper limit of CNY 250 million [1] - The company is progressing with a buyback plan of CNY 100 million to CNY 200 million, aimed at reducing registered capital and enhancing earnings per share [1] - The restricted stock incentive plan involves the buyback and cancellation of 7,009,780 shares, currently undergoing creditor announcement procedures [1] Group 2: Strategic Partnerships and Collaborations - The company signed a project cooperation letter of intent with Sinopec Catalyst Co., which will facilitate resource sharing and technical complementarity, aiming for product collaboration in the petrochemical catalyst field by 2025 [3] Group 3: Production Expansion Plans - The company plans to invest no more than CNY 300 million in the C05 project for semiconductor materials and polyimide materials, with a theoretical production capacity exceeding 1,000 tons [4] - Current semiconductor material production capacity is fully utilized, and the project is in the preparatory phase, expected to take about two years for completion after obtaining necessary approvals [4] Group 4: Performance and Project Updates - The company's second-quarter performance will be disclosed in the half-year report scheduled for August 22 [5] - The "Zhongjie Neng Wanrun (Penglai) New Materials Phase I Construction Project" has begun trial production of semiconductor materials, with further product launches dependent on trial progress and downstream customer validation [6][7] Group 5: Research and Development Focus - The company is focusing on material research in solid-state batteries, with no plans to produce batteries, and is currently developing high-purity materials in collaboration with universities [7] - The company is actively developing high-performance polymer products, including thermoplastic polyimide and polyether ether ketone, with some products already in sales and others in market promotion and validation stages [7]

港股市场回购统计周报 2025.6.16-2025.6.22 | 分析师： | 沈凡超 | | --- | --- | | 中央编号： | BTT231 | | 联系电话： | 852-4623 5564 | | 邮箱： | hector@cnzsqh.hk | 1 目录 2 l 港股市场回购周统计数据 l 上市公司回购的意义与作用 港股市场回购周统计数据 3 港股市场回购周统计数据（2025.6.16-2025.6.22） l 周回购数据总汇 l 回购金额前十大公司统计 | 证券代码 | 证券简称 | 期间回购金额 | 期间回购数量 | 回购数量占 | | --- | --- | --- | --- | --- | | | | (万港元) | (万股) | 总股本比例 | | 0700.HK | 腾讯控股 | 250,223.65 | 495.40 | 0.05% | | 1929.HK | 周大福 | 156,999.94 | 12,236.94 | 1.23% | | 1299.HK | 友邦保险 | 115,108.36 | 1,686.96 | 0.16% | | 0005.HK | 汇丰控股 | ...

"科创板八条"周年之际，上市公司持续深化"提质增效重回报"行动，广大特材、华海清科、成大生物等 8家科创板公司今日晚间陆续发布了董事长等高管提议回购股份的公告。据统计，今年内上市公司已累 计实施回购717.1亿元。其中，贵州茅台、徐工机械、牧原股份、宁德时代等9家公司已回购金额超过10 亿元。上市公司回购增持贷款上限已达1317.85亿元，为上市公司实施增持回购提供了重要资金支持。 （证券时报） ...

一、证券市场回顾 南财金融终端数据显示，上周(6月9日-6月13日,下同)，上证综指周内下跌0.25%，收于3377.0点，最高 3413.51点；深证成指周内下跌0.6%，收于10122.11点，最高10295.4点；创业板指周内上涨0.22%，收于 2043.82点，最高2076.91点。在全球市场中，主要指数有涨有跌。纳斯达克综指下跌0.63%，道琼斯工 业指数下跌1.32%，标普500下跌0.39%。亚太地区，恒生指数上涨0.42%，日经225指数上涨0.25%。 二、新股申购情况 上周有2只新股发行,详情见下表： | 代码 | 股票名称 | 融资买入额(亿元) | 所属中万行业 | | --- | --- | --- | --- | | 300059.SZ | 东方财富 | 59.93 | 非银金融 | | 600418.SH | 江淮汽车 | 54.81 | 汽车 | | 300308.SZ | 中际旭创 | 40.33 | 通信 | | 002594.SZ | 比亚迪 | 37.14 | 汽车 | | 300476.SZ | 胜宏科技 | 35.54 | 电子 | | 300468.SZ | 四 ...

公告显示，中集集团参与本次接待的人员共4人，为中集集团董事会秘书吴三强，中集集团证券事务代 表何林滢，中集集团投资者关系高级经理巫娜，中集集团投资者关系经理韩晓娜。调研接待地点为香 港、中集集团总部、杭州、上海。 答:本次公司拟动用不超过港币5亿元于公开市场回购部分H股股份,旨在积极响应国家政策导向,进一步提 振股东信心。公司一直以来秉持稳健发展理念,不断提升公司治理与资本运营效率,致力于为全体股东创 造更具吸引力和可持续的价值回报。 3、中美关税取得重大进展,对公司业务有何影响? 据了解，2025年5月中集集团交流内容包括：今年一季度，全球经贸有不确定性，但中集集团凭借自身 优势实现高质量发展，营收同比增长11%至360亿元，毛利率提升，归母净利润同比大增550%至5.44 亿。公司拟动用不超5亿港元回购H股，旨在响应政策、提振股东信心，提升公司治理与资本运营效 率。 据了解，中美关税进展对中集集团业务直接影响小；间接影响方面，集装箱询价和订单增多，中长期需 求向好，能源设备需求也有望提升，公司会关注政策及市场动态。持久关税方面，因全球贸易量增长、 老旧箱淘汰置换、周转速度变慢等因素，支撑集装箱需求。 调研 ...