登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：002224 证券简称：三力士 公告编号：2025-029 三力士股份有限公司 关于持股5%以上股东权益变动触及1%整数倍的公告 股东北京泰德圣私募基金管理有限公司-泰德圣投资致圣量化2号私募证券投资基金、北京泰德圣私募基 金管理有限公司-泰德圣投资德来1号私募证券投资基金、北京泰德圣私募基金管理有限公司-泰德圣投 资泰来1号私募证券投资基金保证向本公司提供的信息内容真实、准确、完整，没有虚假记载、误导性 陈述或重大遗漏。 本公司及董事会全体成员保证公告内容与信息披露义务人提供的信息一致。 致圣量化2号、德来1号、泰来1号为北京泰德圣私募基金管理有限公司（以下简称"泰德圣"）所管理的 基金，合计持有67,200,901股，占公司总股本的7.45%，于2024年3月4日在深圳证券交易所上市，股票 限售期为6个月，于2024年9月4日上市流通，具体内容详见2024年9月3日巨潮资讯网 （www.cninfo.com.cn）的《关于向特定对象发行股票解除限售上市流通的提示性公告》（公告编号： 2024-063）。 近日，公司收到泰德圣发来的《权益变动告知函 ...

编者按： 作为量化模型的构建者，我们并不会决定模型如何去交易。在总结交易规律方面，我们更像是观察者。 大模型是完全区别于原有传统AI投资的算法和训练方法，这会是未来改变游戏玩法的一个要点。 海外市场里量化的占比是70%～80%，而中国市场的占比现在还远没有那么高，如果借鉴海外经验，这就 是一种趋势。 量化为市场提供了流动性，这是它对社会的一大贡献。如果没有量化，A股的流动性可能会降到很低，这 对我国的金融安全是不利的。 十载春华秋实，鉴往知来；十年星河璀璨，与光同行。自破茧初啼至引领风潮，"金长江"评选始终以专业 为炬、以公正为尺，丈量中国私募基金行业的奔腾浪潮。值此华章再启之际，证券时报·券商中国倾情推 出"金长江风华录·十年十人"，特邀十位穿越牛熊周期的行业翘楚，以躬身力行的灼见为经纬，以栉风沐雨 的征程为注脚，共同镌刻一部激荡人心的奋进诗篇。此间星霜，既见群峰竞秀，亦显大江奔流。 本期是"寻访金长江之十年十人"第四期。券商中国记者走进百亿量化私募念空科技，念空科技首席投资官王啸 接受了记者的专访。 2010年股指期货上市后，量化投资在国内逐步发展壮大。由于顶尖量化机构多是私募基金，它们在开拓自身业 务的 ...

Core Viewpoint - The article discusses the challenges faced by publicly listed companies with continuous losses and explores the potential for private equity funds to acquire these companies as a more stable and flexible solution compared to traditional methods like delisting or being acquired [1][8]. Group 1: Acquisition Dynamics - Private equity funds are seen as a cost-effective option for acquiring loss-making companies, especially after the introduction of the "merger six guidelines" in September 2024, which supports private equity fund acquisitions for industrial integration purposes [2][9]. - Tianmai Technology, which has reported losses for four consecutive years, is set to be acquired by Suzhou Qichan, a private equity fund, marking the first case of this nature following the new guidelines [5][6]. - The acquisition process involves a "pre-investment and post-fundraising" approach, where the acquirer first identifies the target before raising the necessary funds [6][7]. Group 2: Market Context and Implications - In developed capital markets, private equity fund acquisitions of public companies are common, offering unique advantages such as minimal interference in daily operations and enhanced resource integration capabilities [3][10]. - The Tianmai Technology acquisition is viewed as a significant policy indicator, potentially paving the way for more private equity fund participation in public company acquisitions, thus promoting capital market innovation and improving overall company quality [9][10]. Group 3: Regulatory Considerations - The article emphasizes the need for comprehensive regulation of private equity fund acquisitions to prevent market irregularities, including third-party evaluations for asset injections and strict scrutiny of acquisition motives and funding sources [3][12]. - Recommendations for enhancing the regulatory framework include improving information disclosure, establishing risk assessment mechanisms, and ensuring ongoing monitoring of post-acquisition company performance [13][14].

Core Viewpoint - Shenzhen Rongzhi Private Securities Investment Fund Management Co., Ltd. focuses on investment opportunities in the secondary market, emphasizing the growth value of outstanding Chinese enterprises and providing professional wealth management services for high-net-worth clients [2][5]. Company Overview - The company is a private fund manager with registration number P1034204, established to leverage the advantages of its parent company, Paipai Network, which specializes in financial services driven by digital technology [2][5]. - Since its inception, the company has issued over 40 private securities investment fund products, with a historical cumulative management scale exceeding 1.2 billion [5][19]. Development History - The company was founded on February 1, 2016, and registered with the Asset Management Association of China on October 9, 2016 [5]. - In 2021, it was awarded the "Most Trustworthy Private FOF Institution" at the Wealth and Private Pioneer Awards [5]. Investment Strategy - The investment strategy focuses on multi-asset allocation and multi-strategy balance, aiming to meet client needs through diversified investments in stocks, bonds, futures, derivatives, and overseas markets [20]. - The firm employs a dual-track system where subjective teams and FOF teams collaborate, sharing resources and working together [15][20]. Research and Analysis - The research team consists of experienced professionals with deep market insights and robust risk control capabilities, conducting over 1,000 independent due diligence sessions annually [19][16]. - The investment approach emphasizes long-term value and macroeconomic analysis, prioritizing sectors and companies with high growth potential [17][19]. Product Line - The company offers a range of products, including the Rongzhi Market Neutral Strategy Index FOF and the Paipai Network Yuheng Value Growth fund, among others [21][24]. - The investment products are evaluated based on historical performance, management teams, investment strategies, and risk control measures [20].

价值投资 · 绝对收益 公司简介 重阳投资是首批在中国证券投资基金业协会登记的私募基金管理人，是连续十一年荣获业内最 权威奖项"金牛奖"的私募基金公司。重阳投资秉承"价值投资，绝对收益"理念，经过多年积 累，已创设了一套完善的投研体系，形成了良好的企业文化，聚合了大批优秀人才。在新时代 发展机遇面前，重阳投资愿借助平台积淀，严格遵守行业规范，积极参与市场建设，与蓬勃发 展的中国资产管理行业同步前行！ 详细信息请登录公司网站： http://www.chongyang.net 2025 · 与你同行 2025 · "渠道精英招募计划" 渠道经理 职责 描述 1、负责销售渠道开拓及维护； 2、组织渠道活动，高效传达公司投资策略； 3、及时跟踪渠道和客户动态，做好客户服务工作； 4、其他渠道服务相关工作。 职位 要求 应聘方式 请 发送简历⾄邮箱hr@chongyang.net， 标题请注明：姓名应聘渠道经理 联系⼈：薛⽼师 ▲向上滑动阅览 【免责声明】 本材料由上海重阳投资管理股份有限公司（简称"重阳投资"）原创并编辑发布，仅限于提供信息和投 资者教育的目的。本材料所依据信息和资料来源于公开渠道（例如：万得、彭博 ...

Group 1 - Tianmai Technology announced that Suzhou Qichen plans to acquire 17.7567 million shares, representing 26.10% of the total share capital, for a consideration of 452 million yuan [1] - The acquiring party changed from Suzhou Qihan to Suzhou Qichen due to the acquisition method involving initial investment followed by fundraising [1] - After the transaction, the largest shareholder will be Suzhou Qichen, and the actual controller will change from Guo Jianguo and Tian Shufen to Kuang Ziping [1] Group 2 - Qiming Venture Partners manages 11 US dollar funds and 7 RMB funds, with total assets under management reaching 9.5 billion USD, having invested in over 580 high-growth innovative companies [2] - Tianmai Technology specializes in providing comprehensive solutions for urban intelligent transportation based on technologies such as IoT, AI, big data, and cloud computing [2] - Tianmai Technology has reported continuous losses for four years, with revenues of 233 million yuan, 329 million yuan, 220 million yuan, and 164 million yuan from 2021 to 2024 [2] Group 3 - The original shareholders of Tianmai Technology made performance commitments, ensuring that the consolidated revenue for 2025 and 2026 will not be less than 100 million yuan, with specific net profit targets for those years [3]

华安合鑫简介 深圳市华安合鑫私募证券基金管理有限公司 成立于2015年（协会备案编码：P1062311），中国证券投资基金业协会观察会员，专注于二级市 场股票投资。公司的企业愿景是： "力求为投资者提供长期可持续的合理回报，成为受人尊敬的资产管理公司。" 公司核心投研成员具有清华大学、北京大学等国内一流名校背景，且拥有国内大型公募基金、私募基金公开产品管理经验。其中，公司创始人 袁巍拥有3年IT行业、16年基金行业投研工作经验。他们研究功底深厚，坚持基本面分析，致力于追求长期绝对收益。同时，公司拥有专业、全 面的营运团队，核心运营人员有国内大型券商运营经验。他们以严谨、细致的工作作风，制定了严格的后台运作管理制度和严密的风险管理体 系，并利用先进可靠的信息技术系统，保证了各项投资、研究活动的高效运行。 公司信奉 "专注企业核心价值" 的投资哲学，坚持 "以安全边际为前提，以基本面分析为工具，坚守能力圈，适度逆向投资" 的投资理念，努力 在不确定性的投资游戏里，获得相对确定的回报。凭借优异的历史业绩，公司已屡获"金牛奖"、"金阳光奖"、"金长江奖"、"英华奖"等多个权威 奖项。 （点此查看 华安合鑫旗下产品收益 ...

第一财经发现，年内，深圳证监局已经通报了3期关于私募基金的监管情况，涉及私募基金的募集问 题、管理义务、运作问题等。 出借"通道"设立私募基金、出借私募基金证券账户或持仓股票、向外部人员让渡私募基金投资交易权 限……近日，深圳证监局发布《深圳私募基金监管情况通报》，曝光了多起私募乱象。 深圳证监局称，在日常监管中发现，辖区部分私募机构从事让渡产品投资管理职责的"通道"业务，将投 资管理职责委托他人行使，未独立行使投资决策权，未恪尽职守，未履行谨慎勤勉义务，违反《私募投 资基金监督管理条例》以及《私募投资基金监督管理暂行办法》的相关规定，损害投资者权益，严重影 响行业形象。 监管重拳出击私募乱象 同时，部分私募基金向外部人员让渡私募基金投资交易权限。深圳证监局称，发现个别私募机构由非公 司在职员工进行私募基金投资交易活动的用印审批，并由其直接向基金经理下达交易指令。部分私募机 构在管私募基金交由非公司在职员工进行投资决策、下单交易。还有部分私募机构法定代表人签署授权 委托书，授权非公司在职员工代表私募基金对外签署投资协议及相关法律文件，实际上向外部人员让渡 了投资管理权限。 以及私募机构未独立开展投资决策，部分 ...

排版：刘珺宇 校对： 吕久彪 百万用户都在看 超级空头，突袭！ 北交所，突然大异动！发生了什么？ 直线拉升！特朗普，突然宣布！ 哈佛大学，突发！ 最新！特朗普，签了！ 违法和不良信息举报电话：0755-83514034 邮箱：bwb@stcn.com 5月23日，深圳证监局发布了《深圳私募基金监管情况通报（2025年第3期）》，就私募检查发现的问题及 监管要求进行了通报。 通报指出，有的私募出借私募基金证券账户或持仓股票。个别私募机构从业人员向外部人员出借基金持仓股票 用于日内回转交易，允许外部人员接入公司投资交易系统、以公司名义下达交易指令，相关人员因涉嫌非法经 营犯罪被公安机关侦办。有的私募机构将其在管私募基金证券账户提供给第三方机构或个人运作，用于开展大 宗交易、定向增发等交易。还有个别私募机构向第三方机构或个人出借部分私募基金证券账户，用于规避监管 从事市场操纵等证券违法行为或非法配资活动，对第三方机构或个人利用私募基金从事违法犯罪活动持放任心 态，合规风险突出。 责编：罗晓霞 ...

Core Viewpoint - The article highlights the increasing popularity of dividend-paying assets in the market, with A-shares expected to distribute over 2.39 trillion yuan in dividends in 2024, setting a new historical record. The focus is on the dividend distribution of private equity funds in 2024, with 23.36% of the analyzed products expected to pay dividends [2][3]. Summary by Category Private Equity Fund Dividend Distribution - Among 3938 private equity products with performance data, 920 are expected to distribute dividends in 2024, representing 23.36% of the total [2]. - The leading private equity firm in terms of the number of dividend-paying products is Junfu Investment, with 17 products expected to pay dividends in 2024 [2][3]. Performance of Dividend-Paying Products - Continuous dividends indicate strong profit-generating capabilities, with only 14 products having paid dividends for five consecutive years, showcasing impressive performance [4]. - The average return for private equity products that will distribute dividends in 2024 varies by fund size, with notable performances in different categories [6][12][15]. Performance by Fund Size - **100 Billion+ Yuan Private Equity**: 13.75% of products are expected to pay dividends, with an average return of 21.05% for these products [6][7]. - **50-100 Billion Yuan Private Equity**: 16.17% of products are expected to pay dividends, with an average return of 15.33% [10]. - **20-50 Billion Yuan Private Equity**: 35.96% of products are expected to pay dividends, with an average return of 18.22% [12][13]. - **10-20 Billion Yuan Private Equity**: 24.46% of products are expected to pay dividends, with an average return of 21.66% [15][16]. - **5-10 Billion Yuan Private Equity**: 26.83% of products are expected to pay dividends, with an average return of 20.03% [19][20]. - **0-5 Billion Yuan Private Equity**: 25.39% of products are expected to pay dividends, with an average return of 25.58% [22]. Notable Products and Managers - Junfu Investment's "Junfu Gold Enhanced No. 2" achieved a return of ***% in 2024 and paid dividends twice, leading in the 20-50 billion yuan category [12][14]. - The top-performing product in the 100 billion+ category is "Yanfeng Exclusive Small Cap Index Enhanced No. 1" from Yanfeng Investment, with a return of ***% [8][9]. - In the 50-100 billion category, "Square and Ding Sheng Zhong Zheng 2000 Index Enhanced No. 21A" from Square and Investment paid dividends twice and achieved a return of ***% [10][11].