Group 1 - The 2025 New Fortune Best Analyst Selection voting officially closed on August 18, 2025, and the results have been published, confirming that there was no "second voting" process [1] - Any claims regarding "additional voting sessions" are false and not from official sources, urging the public to discern and avoid being misled [1] Group 2 - The New Fortune Best Analyst Selection is exclusively and legally hosted by New Fortune Multimedia, which has built its brand over 23 years, establishing industry credibility recognized by the capital market [2] - All intellectual property and intangible assets related to the selection, including rules, award settings, historical data, brand logos, and promotional materials, are legally owned by New Fortune Multimedia and protected by relevant laws [2]

Core Viewpoint - The article presents a special ranking list for private equity institutions, highlighting their unique investment research needs and preferences, which reflect their professional judgment and market voice [1][24]. Summary by Sections Private Equity Institutions Voting - A total of 177 private equity institutions participated in the voting process, managing over 1 trillion yuan [2]. Ranking of Analysts in Various Categories - The rankings for the 23rd New Fortune Best Analysts include various categories such as macroeconomics, strategy research, fixed income research, and more, showcasing the top institutions in each field [6][7][8][9][10][11][12][13][14][15][16][17][18][19][20][21]. Categories and Top Institutions - **Macroeconomics**: Top institutions include Guangfa Securities, Changjiang Securities, and Huachuang Securities [6]. - **Strategy Research**: Guangfa Securities leads, followed by Shenwan Hongyuan Securities [6]. - **Fixed Income Research**: Huatai Securities ranks first, with Tianfeng Securities and Changjiang Securities following [7]. - **Banking**: Top institutions are Guohai Securities, CITIC Securities, and Guangfa Securities [8]. - **Real Estate**: Changjiang Securities ranks first, followed by Guangfa Securities and Shenwan Hongyuan Securities [9]. - **Food and Beverage**: Changjiang Securities leads this category [10]. - **Pharmaceuticals and Biology**: Tianfeng Securities ranks first, with Guosheng Securities and CITIC Securities following [10]. - **Consumer Services**: Tianfeng Securities is the top institution [11]. - **Household Appliances**: The leading institution is Caitong Securities [11]. - **Agriculture**: Changjiang Securities ranks first [12]. - **Electronics**: Huachuang Securities leads this category [13]. - **Communications**: Tianfeng Securities ranks first [14]. - **Machinery**: Guangfa Securities is the top institution [15]. - **New Energy and Power Equipment**: Tianfeng Securities ranks first [16]. - **Defense and Military**: Changjiang Securities leads this category [17]. - **Chemicals**: Shenwan Hongyuan Securities ranks first [18]. - **Utilities**: Changjiang Securities is the top institution [19]. - **Metals and New Materials**: Changjiang Securities ranks first [20]. - **Non-Metallic Building Materials**: Changjiang Securities leads this category [21]. - **Overseas Market Research**: Tianfeng Securities ranks first [21].

Group 1 - A total of 640 buyer institutions completed effective voting, ensuring the opinions of voters are accurately recorded and presented [1] - Original data will be sealed for five years, allowing research institutions to commission third-party audits [1] Group 2 - The rankings of various securities firms in different sectors have been highlighted, with Longjiang Securities, GF Securities, and Guotai Junan Securities frequently appearing at the top [3][4][5][6][7][8][9][10][11][12][14][16][17][18][19][21][23][24] - The New Fortune Best Analyst Awards have been held for 23 years, promoting the improvement of the Chinese securities research industry [24]

Core Viewpoint - Shenwan Hongyuan Securities has been recognized as a leading research institution in the 2025 New Fortune Best Analyst Awards, highlighting its significant influence and expertise in various research fields [5][8]. Group 1: Awards and Recognition - Shenwan Hongyuan Securities received 18 honors in the 2025 New Fortune Best Analyst Awards, including "Most Influential Research Institution" and "Best Local Research Team" [5]. - The firm ranked highly in multiple research areas such as strategy, fixed income, real estate, light industry and textile, communication and culture, chemical industry, and transportation and warehousing [5][6]. Group 2: Research Capabilities - Established in 1992, Shenwan Hongyuan Research is one of the earliest and largest independent securities research consulting institutions in mainland China, with a team of over 300 professionals [6]. - The research team focuses on over a thousand key listed companies both domestically and internationally, covering macroeconomics, industry analysis, stock and bond investment strategies, and product design [6]. Group 3: Industry Impact - The New Fortune Best Analyst Awards, initiated in 2003, is the first market-oriented analyst evaluation in China, with over 20,000 analysts participating and nearly 2,000 recognized as "Best Analysts" [8]. - The awards are supported by institutions managing assets exceeding 90 trillion yuan, reflecting the high level of professional recognition for analysts [8].

Group 1 - The 23rd New Fortune Best Analyst Selection voting is currently ongoing, emphasizing the importance of each vote [1] - Voting can be conducted through the "New Fortune Secretary Circle" WeChat mini-program, with specific login instructions provided [1][2] - Contact information for the selection process is available via email for any inquiries [3]

Group 1 - The article presents the rankings of various securities firms in different research categories as part of the 23rd New Fortune Best Analyst Awards [1][2][3] - The rankings are based on a phased statistical result as of August 11, indicating that they are not final [1][2] - The categories include macroeconomic research, strategy research, fixed income research, and sector-specific research such as real estate, food and beverage, and healthcare [1][2][3][4] Group 2 - In the macroeconomic research category, the top firms include GF Securities, Huachuang Securities, and Shenwan Hongyuan Securities [1] - For strategy research, the leading firms are CITIC Securities, GF Securities, and Shenwan Hongyuan Securities [2] - In fixed income research, the top firms are Huatai Securities, Shenwan Hongyuan Securities, and GF Securities [3] Group 3 - The rankings for specific sectors show that in real estate, the top firms are Longjiang Securities, Shenwan Hongyuan Securities, and GF Securities [6] - In the food and beverage sector, the leading firms are GF Securities, Shenwan Hongyuan Securities, and CITIC Securities [9] - For healthcare, the top firms include Industrial Securities, CITIC Securities, and Tianfeng Securities [7]

Group 1 - The article discusses the rankings of various securities firms in different sectors, highlighting their performance and market positioning [2][4][5] - It provides a list of top securities firms in categories such as banking, non-bank financials, real estate, and food and beverage, indicating their competitive standings [6][7][8] - The rankings reflect the firms' capabilities in sectors like healthcare, technology, and energy, showcasing their influence in the investment banking landscape [9][10][11] Group 2 - The article emphasizes the importance of sector-specific expertise among securities firms, suggesting that firms with strong sector knowledge tend to perform better [12][13] - It notes the dynamic nature of the market, where firms must adapt to changing economic conditions and investor preferences to maintain their rankings [14][15][16] - The analysis includes insights into how firms are leveraging technology and innovation to enhance their service offerings and client engagement [17][18][19]

Group 1 - The voting for the 23rd New Fortune Best Analyst Awards in 2025 is currently ongoing, and voters can check the real-time leaderboard through the "New Fortune Secretary Circle" WeChat mini-program [1] - Voters can access the voting tool via the "New Fortune Secretary Circle" WeChat mini-program by scanning the provided QR code [2] - Voters can log in using their registered mobile number and receive a password via SMS, which may be intercepted, or they can check their login credentials on the New Fortune official website [2]

Group 1 - The voting for the 23rd New Fortune Best Analyst Selection starts on August 4 at 16:00 and ends on August 18 at 24:00 [1] - Voting can be conducted through the "New Fortune Secretary Circle" WeChat mini-program [1] - Voters need to log in using their registered mobile number and the password received via SMS [2] Group 2 - The list of voting institutions can be queried through mobile and web platforms [3] - For mobile, users can click to query, while for the web, they need to log in to www.xcf.cn and navigate to the relevant section [3] - The specific page for querying voting institutions is titled "Voting Institution Publicity" [3]

Group 1 - The voting institution information for the 2025 annual selection is continuously being updated [1] - The query methods for the voting institutions include mobile and web options [1] - Feedback can be provided via the specified email address [1] Group 2 - Information and steps related to this year's voting will be announced before the voting begins [2] - The official website and WeChat account are the primary sources for updates [2]