维天信为公司控股子公司，截至本公告披露日，公司持有维天信45.9459%股份。基于长期经营发展战 略与资本规划的整体部署，为提高决策和经营效率，高效开展业务，控制运营成本，经慎重考虑，维天 信拟申请股票在全国中小企业股份转让系统终止挂牌，具体申请终止挂牌相关事宜由维天信董事会负责 办理，具体终止挂牌时间以全国中小企业股份转让系统批准的时间为准。 格隆汇12月23日丨中科星图(688568.SH)公布，公司控股子公司中科星图维天信科技股份有限公司（证 券代码874126，证券简称"维天信"）于2025年12月23日召开第一届董事会第十四次会议，审议通过《关 于拟申请公司股票在全国中小企业股份转让系统终止挂牌的议案》《关于提请股东会授权董事会全权办 理公司股票在全国中小企业股份转让系统终止挂牌相关事宜的议案》《关于拟申请公司股票在全国中小 企业股份转让系统终止挂牌对异议股东权益保护措施的议案》等。 ...

Market Performance - Developed markets outperformed last week, with MSCI Global at +0.0%, MSCI Developed Markets at +0.2%, and MSCI Emerging Markets at -1.5% [9] - Among developed markets, the UK FTSE 100 showed the strongest performance at +2.6%, while the South Korean Composite Index was the weakest at -3.5% [9] - In the emerging markets, the Shanghai Composite Index performed best at +0.0%, while the ChiNext Index was the worst at -2.3% [9] Trading Sentiment - Significant increase in trading volume for European and American stock indices, while Hong Kong and A-share trading volumes decreased [23] - The short-selling ratio in Hong Kong rose to 17.5%, indicating low investor sentiment, while North American sentiment reached a historical high with the NAAIM Manager Exposure Index at 100.7% [23][27] - Volatility decreased in Hong Kong, US, and European markets, while Japanese market volatility increased [23] Earnings Expectations - Hong Kong's earnings expectations for 2025 were slightly revised upward, with the Hang Seng Index's EPS forecast adjusted from 2064 to 2065 [73] - The S&P 500's EPS forecast for 2025 remained stable at 273, with the technology sector seeing the largest upward revision [73] - European earnings expectations for the STOXX50 index remained unchanged at 330, with telecommunications showing the most significant upward revision [74] Economic Expectations - Economic sentiment indicators showed a decline across major markets, with the Citigroup Economic Surprise Index for the US, Europe, and China all decreasing [5] - Factors contributing to the decline include cautious Fed rate cut expectations, lower inflation data, and disappointing employment figures [5] Fund Flows - The Federal Reserve's cautious stance on rate cuts for 2026 was noted, with market expectations for two rate cuts remaining unchanged from the previous week [58] - Global liquidity trends indicated a tightening of dollar liquidity, with significant inflows into mainland China, the US, Japan, India, and South Korea [66] - In Hong Kong, a total of 55 billion HKD flowed into the stock market, with flexible foreign capital inflows of 97 billion HKD [68]

汉王科技公告称，此前公司审议通过为子公司新增不超3亿元保证担保的议案。近日，其全资子公司北 京仿翼与中国银行北京中关村支行签订1000万元《流动资金借款合同》，公司就该借款签订《保证合 同》，提供连带责任保证。北京仿翼2025年9月30日资产负债率208.80%，营收8932.55万元，净利 润-2412.19万元。截至目前，公司对子公司担保余额9300万元，占最近一期经审计净资产比例8.15%， 无逾期及涉诉担保。 ...

Core Insights - The strategic partnership between Haohan Deep and Suiyuan Technology aims to establish a joint laboratory and launch a financial intelligent service integrated machine, focusing on replacing human labor and keyword-based customer service with digital employees [1][2] - This collaboration signifies a new phase of comprehensive synergy in technology co-research, ecosystem building, and scene expansion, with the goal of integrating domestic computing power with financial scenarios to accelerate the application of AI in the trillion-level customer service market [1][2] Company Collaboration - The joint laboratory will serve as the core incubator for collaborative innovation, with both companies deploying core R&D teams to achieve full-stack collaborative development from underlying drivers to application optimization [2] - Haohan Deep's extensive experience in data and core algorithms for intelligent customer service, risk control, and marketing will be integrated with Suiyuan Technology's self-developed computing power to create a domestic intelligent service machine for the financial industry [2] Market Strategy - The integrated machine is expected to be deployed first among top financial clients such as third-party payment institutions, financial decision-making service platforms, and joint-stock banks, with plans for rapid replication across a broader range of banks and insurance institutions [2] - The partnership represents a significant convergence of cutting-edge computing power and key financial scenarios, marking a milestone in both companies' long-term strategic layout in a promising market with substantial growth potential [2] Future Outlook - Both companies plan to deepen their technological integration and solution innovation in more financial scenarios, aiming to drive innovation through computing power and reshape the financial landscape with intelligence [2]

（文章来源：每日经济新闻） 每经AI快讯，有投资者在投资者互动平台提问：子公司航天欧华是否涉及航天算力项目？ 广聚能源（000096.SZ）12月23日在投资者互动平台表示，全资子公司航天欧华信息技术有限公司目前 开展政企产品增值分销业务，未涉及航天算力相关业务。 ...

格隆汇12月23日丨广聚能源(000096.SZ)在投资者互动平台表示，全资子公司航天欧华信息技术有限公 司目前开展政企产品增值分销业务，未涉及航天算力相关业务。 ...

美国11月核心CPI同比上涨2.6%，低于市场预期的3%。美国11月非农就业人口增加6.4万人，高于市场预期 的5万人；但失业率却意外升至4.6%，创下2021年9月以来的新高。美联储官员表示，随着就业市场趋弱且 通胀受控，美联储仍有较大降息空间。 资金层面，南向重回流入，一周流入162.7亿港元，前一周流出34.4亿港元。 外资方面，EPFR口径下，截至上周三，主动外资流出6.4亿美元，前一周流出2.2亿美元；被动外资则加速 流入，一周流入港股34.3亿美元，前一周为流入9亿美元。 银河证券指出，日央行靴子落地，美联储估计也会稍微偏宽松预期，外部风险呈收窄趋势，港股有望震荡 上行。配置方面，或可关注：（1）科技板块仍是中长期投资主线，经历前期调整后估值回落，在多重利 好因素提振下，有望反弹回升。（2）消费板块有望获得较大力度政策支持，且当前估值处于相对低位， 后续需关注政策落地力度及消费数据改善情况。 港股通科技ETF招商（159125）跟踪国证港股通科技指数，从港股通范围内精选30家市值领先、研发投入 高、营收增长快的科技企业作为成份股，涵盖腾讯控股、阿里巴巴、小米集团、美团、中芯国际、比亚迪 股份等细分 ...

Core Insights - The refinancing scale in the Shanghai Stock Exchange (SSE) for 2025 has reached nearly 690 billion yuan, significantly supporting the optimization of capital structures and enhancing technological innovation and industrial upgrades for listed companies [1][2]. Group 1: Refinancing Efficiency - The efficiency of refinancing reviews in the SSE has improved significantly in 2025, with a notable acceleration in the review process following the implementation of the "1+6" policy measures on June 18 [3]. - As of December 19, 2025, the average review cycle for refinancing projects has been compressed to around 2 months, with some projects, such as those from Xianghe Industrial and Haitian Flavoring, being approved in as little as 40 days [3]. - The SSE has enhanced communication and consultation efficiency, further shortening the review cycle by actively reminding and responding to major issues during the review process [3]. Group 2: Simplified Procedures - The simplified refinancing procedure has emerged as a "fast track" for refinancing, allowing companies to autonomously decide on fundraising purposes without needing exchange review, thus significantly improving financing efficiency [4]. - Recently, Zhimin Technology successfully raised 208 million yuan through the simplified procedure for research and industrialization projects in the fields of unmanned equipment and commercial aerospace [4]. - The simplified procedure has enabled companies to complete financing within the year, addressing urgent funding needs and enhancing certainty in financing [4]. Group 3: Light Asset and High R&D Standards - The "light asset, high R&D input" standard has empowered high-tech companies to meet their funding needs for research and development, with 14 companies in the SSE adopting this standard since its introduction in October 2024 [6]. - These companies have collectively planned to raise 35.12 billion yuan, representing 38% of the number of companies and 76% of the total financing amount in the SSE for 2025 [6]. - The standard has effectively supported the financing development of high-growth "hard tech" enterprises, with companies like Cambricon and Dizhe Pharmaceutical successfully raising funds under this standard [7]. Group 4: Diverse Listing Standards - Companies utilizing the "light asset, high R&D input" standard have demonstrated the diverse and inclusive characteristics of the SSE, with applicants spanning all five listing standards [8]. - Notable companies include Lexin Technology and Zhongke Xingtu, which have successfully registered under various listing standards, showcasing the adaptability of the SSE to different business models [8].

本报记者 田鹏 近日，凤形股份有限公司（以下简称"凤形股份"）发布《发行股份购买资产并募集配套资金暨关联交易预案》，拟通过发 行股份的方式收购广东华鑫金属资源有限公司持有的白银华鑫九和再生资源有限公司75%股权。至此，凤形股份成为深圳证券 交易所市场（以下简称"深市"）年内又一例推进重大资产重组的上市企业。 今年以来，在政策支持与市场需求的双重驱动下，深市并购重组市场正呈现量质齐升的良好发展态势。数据显示，2025年 以来，截至目前，深市新增披露并购重组1104单，涉及金额合计达5537亿元，同比分别增长54%和55%；其中，新增披露重大 资产重组突破百单，同比增长60%。 值得注意的是，除重大资产重组外，深市小步并购、嵌入式并购活动同样表现亮眼。数据显示，2025年以来，深市新增披 露未达到重大资产重组标准的现金并购995单，占同期重组数量的90%。此类并购以"小步伐、精准化"为特点，助力上市公司围 绕主业强链补链，具有整合效果好、推进效率高的优势，在提升公司质量方面发挥着不可替代的作用。 以立讯精密工业股份有限公司为例，其上市后累计开展嵌入式并购超20次，借助并购实现产业链上下游的深度整合，市值 从上市初 ...

人民财讯12月22日电，ST证通（002197）12月22日公告，公司股票将于12月23日开市起停牌一天，12 月24日开市起复牌并撤销其他风险警示，股票简称由"ST证通"变更为"证通电子"，日涨跌幅限制由5% 变为10%。 ...