1月6日，五矿资本盘中上涨2.14%，截至10:10，报5.73元/股，成交1.34亿元，换手率0.52%，总市值 257.74亿元。 截至9月30日，五矿资本股东户数13.01万，较上期减少9.55%；人均流通股34572股，较上期增加 10.56%。2025年1月-9月，五矿资本实现营业收入11.89亿元，同比减少19.20%；归母净利润7.54亿元， 同比减少38.05%。 分红方面，五矿资本A股上市后累计派现51.71亿元。近三年，累计派现11.47亿元。 机构持仓方面，截止2025年9月30日，五矿资本十大流通股东中，南方中证500ETF（510500）位居第五 大流通股东，持股3272.27万股，相比上期减少75.66万股。香港中央结算有限公司位居第七大流通股 东，持股2290.59万股，相比上期减少4841.60万股。 责任编辑：小浪快报 资料显示，五矿资本股份有限公司位于北京市东城区朝阳门北大街3号五矿广场C座,湖南省长沙市岳麓 区麓山南路966号，成立日期1999年8月31日，上市日期2001年1月15日，公司主营业务涉及高新技术产 业、房地产项目的投资及其他实业投资;投资咨询;资产受托管理 ...

债券研究 证 券 研 究 报 告 【债券分析】 再见 2025：信用债复盘 ——2025 年债市复盘系列之二 2、监管政策：2025 年，中央支持继续完善和落实一揽子化债方案，增量政策 相对有限。一是要求落实落细债务置换政策，二是将不新增隐性债务作为"铁 的纪律"，三是加快剥离地方融资平台政府融资功能，推动市场化转型，四是 加快消化清理地方政府拖欠企业账款。 ❖ 二、房地产：年末万科债券展期略超市场预期，政策持续推动市场止跌回稳 1、热点事件：2025 年，深铁集团为万科提供超 200 亿元借款，以助力其兑付 公开市场债券本息，但《框架协议》下的额度所剩无几，万科债券兑付面临流 动性紧张问题，年末万科公告债券展期，持有人会议仅通过延长宽限期议案。 2、监管政策：2025 年，房地产政策从需求、供给、房企端共同发力，持续推 动市场"止跌回稳"，构建市场发展新模式。需求端，以结构性调控为主，要 求充分释放刚性和改善性住房需求潜力；供给端，高质量开展城市更新，加力 推进"好房子"建设；企业端，支持房企合理融资需求，防范其债务违约风险。 ❖ 三、金融：中航产融、天安财险、九台农商引关注，积极防范金融领域风险 1、热点 ...

Core Viewpoint - The company, *ST Panda, is facing significant financial challenges, including a major revision of its profit forecast for 2024, which now indicates a substantial loss instead of a profit, raising concerns about its financial stability and compliance with regulatory standards [4][9]. Financial Performance - The initial profit forecast for 2024 was estimated to be between 30 million to 45 million yuan, indicating a potential profit compared to the previous year [4][9]. - Following a self-examination, the company announced a credit impairment loss of 580 million yuan on other receivables and current assets, leading to a revised profit forecast indicating a net loss of between 460 million to 480 million yuan for 2024 [4][9]. - The auditing firm, Lianda CPA, issued an audit report with no opinion due to significant fluctuations in profits and large losses over the past three years, establishing a materiality threshold of 13 million yuan for the consolidated financial statements [4][9]. Regulatory Issues - On December 29, 2025, the company received a notice from the China Securities Regulatory Commission regarding an investigation into alleged violations of information disclosure laws [2][7]. - There are two potential compensation periods for investors: one for those who bought shares between January 23, 2025, and April 27, 2025, and another for those who purchased shares before December 29, 2025, and sold or continued to hold them after December 30, 2025 [5][10].

Core Viewpoint - Zhejiang Orient Holdings Group Co., Ltd. has changed its name from "Zhejiang Orient Financial Holdings Group Co., Ltd." to "Zhejiang Orient Holdings Group Co., Ltd." and completed the necessary business registration changes [2]. Group 1: Company Name Change - The company held its 10th Board of Directors' 22nd meeting and the 3rd extraordinary shareholders' meeting on December 8 and December 24, 2025, respectively, where the name change proposal was approved [2]. - The new Chinese name is "浙江东方控股集团股份有限公司" and the new English name is "Zhejiang Orient Holdings Group Co., Ltd." [2]. Group 2: Business Registration Details - The company has completed the business registration process and received a new business license from the Zhejiang Provincial Market Supervision Administration [2]. - The updated business registration information includes a registered capital of 341,538.1492 million RMB, established on October 26, 1994, with the legal representative being Wang Zhengjia [2]. - The company's business scope includes asset management, industrial investment, private equity investment, investment management, and various consulting services, among others [2].

Group 1 - Capital界金控 (00204.HK) experienced a significant increase of over 20%, with a current rise of 20.75% [1] - The stock is trading at 0.32 HKD, indicating a strong market performance [1] - The trading volume reached 5.27 million HKD, reflecting active investor interest [1]

资料显示，中国石油集团资本股份有限公司位于北京市西城区金融大街一号金亚光大厦B座22层，成立 日期1996年10月11日，上市日期1996年10月22日，公司主营业务涉及涵盖财务公司、银行、金融租赁、 信托、保险、保险经纪、证券等多项金融业务的全方位综合性金融业务。主营业务收入构成为：利息收 入88.54%，已赚保费4.48%，手续费及佣金收入4.47%，其他业务2.51%。 中油资本所属申万行业为：非银金融-多元金融-金融控股。所属概念板块包括：碳中和、央企改革、创 投、氢能源、新疆振兴等。 资金流向方面，主力资金净流出1946.32万元，特大单买入5210.07万元，占比6.57%，卖出5641.37万 元，占比7.11%；大单买入1.64亿元，占比20.66%，卖出1.79亿元，占比22.57%。 中油资本今年以来股价涨43.81%，近5个交易日涨5.75%，近20日涨5.87%，近60日跌5.98%。 今年以来中油资本已经8次登上龙虎榜，最近一次登上龙虎榜为9月2日，当日龙虎榜净买入-1.84亿元； 买入总计7.16亿元 ，占总成交额比13.60%；卖出总计8.99亿元 ，占总成交额比17.09%。 ...

本报讯 （记者袁传玺）天眼查工商信息显示，近日，招商局金融控股有限公司发生工商变更，注册资 本由77.78亿元增至88.24亿元。 （文章来源：证券日报） ...

Core Viewpoint - Capital界金控 (00204.HK) plans to issue up to 41.5092 million new shares, representing approximately 16.67% of the enlarged issued share capital, at a price of HKD 0.183 per share, which is a discount of about 2.14% compared to the closing price of HKD 0.187 on December 24, 2025. The net proceeds from the placement are estimated to be approximately HKD 7.36 million, intended for future investment opportunities [1][1][1] Summary by Category Share Placement Details - The company intends to place a maximum of 41.5092 million new shares [1] - This represents about 16.67% of the enlarged issued share capital [1] - The placement price is set at HKD 0.183 per share, reflecting a discount of approximately 2.14% from the market closing price [1] Financial Implications - The estimated net proceeds from the share placement are around HKD 7.36 million, assuming full subscription and after deducting all related expenses [1] - The funds raised will be used to explore potential investment opportunities in the future [1]

12月25日，中粮资本盘中上涨2.05%，截至09:54，报11.95元/股，成交9343.58万元，换手率0.34%，总 市值275.34亿元。 资金流向方面，主力资金净流入1241.20万元，特大单买入258.06万元，占比2.76%，卖出229.11万元， 占比2.45%；大单买入2797.72万元，占比29.94%，卖出1585.46万元，占比16.97%。 中粮资本今年以来股价跌9.69%，近5个交易日涨4.46%，近20日涨4.00%，近60日跌11.48%。 中粮资本所属申万行业为：非银金融-多元金融-金融控股。所属概念板块包括：央企金控、央企改革、 区块链、人工智能、阿里概念等。 今年以来中粮资本已经1次登上龙虎榜，最近一次登上龙虎榜为9月17日，当日龙虎榜净买入1.83亿元； 买入总计3.63亿元 ，占总成交额比13.39%；卖出总计1.80亿元 ，占总成交额比6.64%。 机构持仓方面，截止2025年9月30日，中粮资本十大流通股东中，南方中证500ETF（510500）位居第四 大流通股东，持股1339.88万股，相比上期减少26.43万股。香港中央结算有限公司位居第五大流通股 东，持股 ...

Core Viewpoint - The company Capital界金控 (00204) has announced a placement agreement to issue up to 41.5092 million new shares at a price of HKD 0.183 per share, representing a discount of approximately 2.14% from the closing price of HKD 0.187 on December 24, 2025 [1] Group 1 - The maximum number of shares to be placed is 41.5092 million, which accounts for about 20% of the company's total issued share capital of 207.5 million shares as of the announcement date [1] - The net proceeds from the placement are estimated to be approximately HKD 7.36 million, assuming full placement and after deducting all related expenses [1] - The funds raised will be used for potential investment opportunities that may arise in the future [1]