Core Viewpoint - A new company, Qiqihar Zhishang Automobile Sales Service Co., Ltd., has been established with a registered capital of 5 million RMB, fully owned by Qiqihar Zunyue Automobile Sales Service Co., Ltd. [1] Company Summary - The legal representative of Qiqihar Zhishang Automobile Sales Service Co., Ltd. is Xiao Zuoguo [1] - The company is registered with a capital of 5 million RMB [1] - The business scope includes automobile sales, wholesale of auto parts, sales of new energy vehicles, sales of automotive decorative products, second-hand car brokerage, vehicle appraisal, sales of motor vehicle charging services, sales of charging piles, operation of electric vehicle charging infrastructure, business agency services, and information consulting services (excluding licensed information consulting services) [1] - The company is classified under the rental and business services industry, specifically in equipment leasing [1] - The registered address is located in Qiqihar City, Heilongjiang Province, specifically on the east side of Qifu Highway (Beijing Hyundai 4S store) [1] - The company is structured as a limited liability company (wholly owned by a natural person) [1] - The business registration is valid until August 12, 2025, with no fixed term thereafter [1] - The registration authority is the Market Supervision Administration of Longsha District, Qiqihar City [1]

其中，控股子公司越秀产业投资拟公开发行不超过20亿元中期票据，控股子公司越秀租赁拟公开发行不 超过50亿元超短期融资券，控股子公司上海越秀租赁拟公开发行不超过10亿元超短期融资券，控股子公 司越秀新能源拟公开发行不超过20亿元中期票据和不超过20亿元公司债券。 人民财讯8月12日电，越秀资本（000987）8月12日晚间公告，公司控股子公司拟公开发行中期票据、超 短期融资券及公司债券合计不超过120亿元。 ...

天眼查商业履历信息显示，渤海租赁股份有限公司，成立于1993年，位于乌鲁木齐市，是一家以从事租 赁业为主的企业。企业注册资本618452.1282万人民币，实缴资本618452.1282万人民币。公司法定代表 人为金川。 金融界消息 截至2025年8月11日收盘，渤海租赁（000415）报收于3.49元，上涨1.45%，换手率1.17%， 成交量62.98万手，成交金额2.19亿元。 资金流向方面，今日主力资金净流入2370.86万元，占比成交额10.85%。其中，超大单净流入1051.44万 元、占成交额4.81%，大单净流入1319.43万元、占成交额6.04%，中单净流出流出1697.34万元、占成交 额7.77%，小单净流出673.53万元、占成交额3.08%。 渤海租赁最新一期业绩显示，截至2025一季报，公司营业总收入171.17亿元、同比增长99.82%，归属净 利润6.69亿元，同比增长72.21%，扣非净利润4.43亿元，同比增长106.81%，流动比率0.803、速动比率 0.799、资产负债率83.49%。 通过天眼查大数据分析，渤海租赁股份有限公司共对外投资了5家企业，参与招投标项目7 ...

Group 1 - A new company, Dongguan Juhang Automobile Sales Service Co., Ltd., has been established with a registered capital of 3 million RMB [1] - The legal representative of the company is Yang Jianxing, and the shareholders include Dongguan Jucheng Industrial Investment Co., Ltd. (70%) and Dongguan Wanxing Industrial Investment Co., Ltd. (30%) [1] - The business scope includes sales of new energy vehicles, automotive sales, retail of auto parts, enterprise management consulting, business agency services, information consulting services, sales of motor vehicle charging and charging piles, sales of new energy vehicle electrical accessories, conference and exhibition services, motor vehicle repair and maintenance, sales of automotive decorative products, second-hand car brokerage, and operation of second-hand car trading markets [1] Group 2 - The company is classified under the national standard industry of leasing and business services, specifically in the machinery equipment leasing sector [1] - The registered address of the company is Room 102, No. 1 Zhongli Road, Nancheng Street, Dongguan City, Guangdong Province [1] - The company is categorized as an other limited liability company with an operating period until August 8, 2025, with no fixed term thereafter [1]

Core Viewpoint - Shanghai Shangjing Aoyue Automotive Service Co., Ltd. has been established with a registered capital of 8 million RMB, fully owned by Jinan Huashang Jiyie Automotive Trade Co., Ltd. [1] Company Summary - The legal representative of Shanghai Shangjing Aoyue Automotive Service Co., Ltd. is Liu Huagang [1] - The company is registered with a capital of 8 million RMB and is classified as a limited liability company [1] - The business scope includes automotive sales, auto parts wholesale and retail, new energy vehicle sales, charging infrastructure operations, and various related services [1] Industry Summary - The company operates within the rental and business services industry, specifically in the mechanical equipment leasing sector [1] - The address of the company is located at Room 301, Building 20, No. 1465 Wuzhong Road, Minhang District, Shanghai [1] - The business license allows the company to operate independently in various activities, excluding those requiring special approval [1]

Quantitative Credit Strategy - As of August 1, the secondary capital bond heavy strategy has rapidly recovered, with the weekly average yield of the credit style secondary bond heavy portfolio rising nearly 87 basis points, reaching the highest absolute return since April [2][12] - The secondary bond heavy and long-term industrial strategies showed significant recovery compared to other portfolios, with weekly returns of 0.31% and 0.51%, respectively, compensating for over 65% of the losses from the previous week [2][12] - Financial bond duration strategies generally outperformed, with secondary bonds, perpetual bonds, and brokerage bond duration portfolios beating the mid-to-long-term benchmark by approximately 9.2 basis points, 8.7 basis points, and 10.4 basis points, respectively [2][12] Duration Tracking of Varieties - The transaction duration of secondary capital bonds has risen to 4.8 years as of August 3, with urban investment bonds and industrial bonds weighted at 2.24 years and 3.03 years, respectively, both at over 90% historical percentile levels since March 2021 [3][14] - Among commercial bank bonds, the weighted average transaction durations for secondary capital bonds, bank perpetual bonds, and general commercial bank bonds are 4.79 years, 4.02 years, and 2.91 years, respectively, with bank perpetual bonds at a relatively low historical level [3][14] - For other financial bonds, the durations of securities company bonds, subordinated securities bonds, insurance company bonds, and leasing company bonds are 1.78 years, 2.37 years, 3.00 years, and 1.61 years, respectively, with securities company bonds and subordinated securities bonds at low historical percentiles [3][14] Yield Heat Map of Coupon Assets - As of August 4, the yields of non-financial and non-real estate industrial bonds have generally declined, with yields for 1-year and 2-3 year private enterprise public non-perpetual bonds down by 5.8 basis points and 6.7 basis points, respectively [4][19] - Real estate bonds also saw a decline in yields, with the yield drop for 3-year private enterprise public non-perpetual bonds exceeding 6 basis points [4][19] - In the financial bond sector, bank subordinated bonds are favored, particularly in the short end, with yields for 1-year shares and 1-2 year city commercial bank secondary capital bonds down by 11.5 basis points and 8.8 basis points, respectively [4][19] Long-term Credit Bond Insights - The issuance scale of long-term credit new bonds totaled 13.42 billion, with supply returning to a low level, possibly due to rising issuance costs, as long-term bond issuers await favorable issuance windows [5][21] - Correspondingly, the average issuance rate of long-term credit new bonds continued to rise, with the issuance rate of long-term urban investment bonds reaching over the 50th percentile for the first time in 24 years [5][21] Local Government Bond Supply and Trading Tracking - The average issuance rate of local bonds has marginally increased, with the yield spreads for 30-year, 20-year, and 10-year local bonds widening to 14 basis points, 12 basis points, and 11 basis points, respectively, compared to the same-term government bonds [6][22]

Company Overview - Hebei Heng'an Machinery Leasing Co., Ltd. has been established with a registered capital of 3 million RMB [1] - The legal representative is Ma Ji, and the company is co-owned by Hengshui Zhongyou Decoration Co., Ltd. (65% stake) and Hebei Junyi Construction Co., Ltd. (35% stake) [1] Business Scope - The company's business activities include machinery equipment leasing, rental services (excluding licensed rental services), construction machinery and equipment leasing, project management services, earthwork construction, loading and unloading services, and specialized equipment repair [1] - Licensed projects include construction engineering, highway management and maintenance, which require approval from relevant authorities before operations can commence [1] Company Registration Details - The company is classified under the national standard industry of leasing and business services, specifically in the machinery equipment leasing sector [1] - The registered address is located at Room 701, 704, 7th Floor, Xingnong Building, No. 1573 Yongxing East Road, Taocheng District, Hengshui City, Hebei Province [1] - The company is registered as a limited liability company with an indefinite business term [1]

Group 1 - Hainan Huatie (603300) closed at 10.77 yuan on August 8, 2025, down 0.37%, with a turnover rate of 4.45% and a trading volume of 886,100 hands, amounting to 955 million yuan [1] - The latest financial report for Hainan Huatie shows total operating revenue of 1.288 billion yuan, a year-on-year increase of 16.58%, and a net profit attributable to shareholders of 191 million yuan, up 21.72% year-on-year [1] - The company has a current ratio of 0.852, a quick ratio of 0.848, and a debt-to-asset ratio of 72.32% [1] Group 2 - Zhejiang Haikong Nanke Huatie Smart Technology Co., Ltd. has made investments in 46 companies and participated in 135 bidding projects [2] - The company holds 41 trademark registrations and 144 patent registrations, along with 27 administrative licenses [2]

Group 1 - The revenue composition of construction machinery for the year 2024 is as follows: rental business accounts for 81.32%, engineering construction for 10.9%, equipment sales for 6.93%, and other businesses for 0.85% [1] Group 2 - On August 8, 2025, the board of directors of Shaanxi Construction Machinery Co., Ltd. announced the resignation of Chairman Yang Hongjun due to work adjustments, effective immediately [3] - Following the resignation, the board held a meeting on August 8, 2025, and elected Che Wanli, who is also the general manager, as the new chairman of the board, with a term lasting until the current board's term ends [3]

Group 1 - The company announced that its eighth board meeting was held on August 8, 2025, via communication methods, where the election of the chairman was discussed [2] - For the year 2024, the company's revenue composition is as follows: leasing business accounted for 81.32%, engineering construction for 10.9%, equipment sales for 6.93%, and other businesses for 0.85% [2]