A股行情走强，上市公司炒股卷土重来。 最新的案例是江苏国泰。该公司稍早前披露，计划委托理财并开展证券投资，金额合计约138.3亿元。但公告后仅几日，该公司又终止了投资计划。 与江苏国泰类似，意欲重金入市的上市公司不在少数。例如，利欧股份8月初披露，拟使用不超30亿元自有资金进行证券投资。根据第一财经梳理，年内计 划投入10亿元，甚至更多资金炒股的上市公司，还包括方大炭素、七匹狼、塔牌集团等。 另有部分上市公司，还追加炒股的资金规模，易点天下就是如此。根据披露，该公司年初计划拿出1亿元自有资金进行证券投资，但近期已经将额度大幅提 升至5亿元。 大举入市的A股公司"相中"了哪些个股？据半年报，七匹狼"手握"贵州茅台、腾讯控股、中国神华等多只明星股，上半年的投资收益和公允价值变动损益， 累积占到利润总额的七成以上。然而，七匹狼自身却出现业绩下滑。 多家上市公司拿出超10亿炒股 根据披露，江苏国泰及其子公司，原计划使用不超120亿元闲置自有资金进行委托理财，购买结构性存款、收益凭证、大额存单、国债逆回购等，单笔理财 产品期限最长不超过36个月；同时使用不超18.306亿元闲置自有资金进行证券投资，其中子公司紫金科技展 ...

手握多只"明星股"、投入多达数十亿，行情走强上市公司又要炒股了！ 作者：周楠 A股行情走强，上市公司炒股卷土重来。 最新的案例是江苏国泰。该公司稍早前披露，计划委托理财并开展证券投资，金额合计约138.3亿元。 但公告后仅几日，该公司又终止了投资计划。 与江苏国泰类似，意欲重金入市的上市公司不在少数。例如，利欧股份8月初披露，拟使用不超30亿元 自有资金进行证券投资。根据第一财经梳理，年内计划投入10亿元，甚至更多资金炒股的上市公司，还 包括方大炭素、七匹狼、塔牌集团等。 另有部分上市公司，还追加炒股的资金规模，易点天下就是如此。根据披露，该公司年初计划拿出1亿 元自有资金进行证券投资，但近期已经将额度大幅提升至5亿元。 大举入市的A股公司"相中"了哪些个股？据半年报，七匹狼"手握"贵州茅台、腾讯控股、中国神华等多 只明星股，上半年的投资收益和公允价值变动损益，累积占到利润总额的七成以上。然而，七匹狼自身 却出现业绩下滑。 多家上市公司拿出超10亿炒股 根据披露，江苏国泰及其子公司，原计划使用不超120亿元闲置自有资金进行委托理财，购买结构性存 款、收益凭证、大额存单、国债逆回购等，单笔理财产品期限最长不超过 ...

2025.08.26 本文字数：3186，阅读时长大约5分钟 作者 |第一财经 周楠 A股行情走强，上市公司炒股卷土重来。 最新的案例是江苏国泰。该公司稍早前披露，计划委托理财并开展证券投资，金额合计约138.3亿元。 但公告后仅几日，该公司又终止了投资计划。 与江苏国泰类似，意欲重金入市的上市公司不在少数。例如，利欧股份8月初披露，拟使用不超30亿元 自有资金进行证券投资。根据第一财经梳理，年内计划投入10亿元，甚至更多资金炒股的上市公司，还 包括方大炭素、七匹狼、塔牌集团等。 另有部分上市公司，还追加炒股的资金规模，易点天下就是如此。根据披露，该公司年初计划拿出1亿 元自有资金进行证券投资，但近期已经将额度大幅提升至5亿元。 大举入市的A股公司"相中"了哪些个股？据半年报，七匹狼"手握"贵州茅台、腾讯控股、中国神华等多 只明星股，上半年的投资收益和公允价值变动损益，累积占到利润总额的七成以上。然而，七匹狼自身 却出现业绩下滑。 多家上市公司拿出超10亿炒股 根据披露，江苏国泰及其子公司，原计划使用不超120亿元闲置自有资金进行委托理财，购买结构性存 款、收益凭证、大额存单、国债逆回购等，单笔理财产品期限最 ...

2025.08. 26 本文字数：3186，阅读时长大约5分钟 作者 | 第一财经 周楠 A股行情走强，上市公司炒股卷土重来。 最新的案例是江苏国泰。该公司稍早前披露，计划委托理财并开展证券投资，金额合计约138.3亿 元。但公告后仅几日，该公司又终止了投资计划。 方大炭素4月底披露，拟以不超24亿元自有资金进行证券投资，在上述额度内，资金可滚动使用，投 资收益可进行再投资，再投资金额包含在此次预计投资额度范围内。联发股份当月也公告称，使用不 超12亿元的自有闲置资金进行证券投资（包含委托理财）。公司称，此举不会影响公司日常资金周 转需要以及主营业务的正常开展。通过适度的证券投资，可以提高公司资金使用效率及收益等。 与江苏国泰类似，意欲重金入市的上市公司不在少数。例如，利欧股份8月初披露，拟使用不超30亿 元自有资金进行证券投资。根据第一财经梳理，年内计划投入10亿元，甚至更多资金炒股的上市公 司，还包括方大炭素、七匹狼、塔牌集团等。 另有部分上市公司，还追加炒股的资金规模，易点天下就是如此。根据披露，该公司年初计划拿出1 亿元自有资金进行证券投资，但近期已经将额度大幅提升至5亿元。 大举入市的A股公司"相中 ...

近期A股行情火热，上市公司炒股热再现。继利欧股份拟用不超30亿自有资金进行证券投资之后，江苏 国泰也抛出最新"投资+理财"计划。 8月22日晚，江苏国泰（002091）公告称，拟使用不超过120亿元委托理财、不超过18.3亿元进行证券投 资，二者合计超过138亿元。 截至8月22日收盘，江苏国泰股价报7.6元/股，总市值为124亿元，8月以来股价涨幅为4.4%。 据不完全统计，今年以来，约有60家上市公司公告拟使用自有闲置资金进行证券投资。除了江苏国泰之 外，至少还有7家公司拟证券投资金额超10亿元，分别是利欧股份、方大炭素、七匹狼、塔牌集团、联 发股份、仙坛股份、浙江永强。其中利欧股份最高投资额达30亿元，方大炭素和七匹狼最高投资额达20 亿元。 值得注意的是，8月22日，上证指数突破3800点整数关口，再创10年新高。两市成交额达2.57万亿元，已 连续8个交易日(8月13日—8月22日)突破2万亿元大关，打破了A股的历史纪录。 业内人士认为，本轮行情很大程度上受益于流动性驱动。前海开源基金首席经济学家杨德龙表示，当前 市场行情由"五路资金"入场推动，分别是债市、楼市、外资流入资金、居民存款搬家以及产能过 ...

近期A股行情火热，上市公司炒股热再现。继利欧股份拟用不超30亿自有资金进行证券投资之后，江苏 国泰也抛出最新"投资+理财"计划。 8月22日晚，江苏国泰（002091）公告称，拟使用不超过120亿元委托理财、不超过18.3亿元进行证券投 资，二者合计超过138亿元。 截至8月22日收盘，江苏国泰股价报7.6元/股，总市值为124亿元，8月以来股价涨幅为4.4%。 据不完全统计，今年以来，约有60家上市公司公告拟使用自有闲置资金进行证券投资。除了江苏国泰之 外，至少还有7家公司拟证券投资金额超10亿元，分别是利欧股份、方大炭素、七匹狼、塔牌集团、联 发股份、仙坛股份、浙江永强。其中利欧股份最高投资额达30亿元，方大炭素和七匹狼最高投资额达20 亿元。 值得注意的是，8月22日，上证指数突破3800点整数关口，再创10年新高。两市成交额达2.57万亿元， 已连续8个交易日（8月13日—8月22日）突破2万亿元大关，打破了A股的历史纪录。 业内人士认为，本轮行情很大程度上受益于流动性驱动。前海开源基金首席经济学家杨德龙表示，当前 市场行情由"五路资金"入场推动，分别是债市、楼市、外资流入资金、居民存款搬家以及产能过 ...

Core Viewpoint - The article discusses the recent surge in A-share market activity, highlighting the trend of listed companies engaging in stock trading and investment management, with a focus on Jiangsu Guotai's significant investment plans totaling over 138 billion RMB [1][3]. Investment Plans - Jiangsu Guotai announced plans to use up to 120 billion RMB for entrusted wealth management and up to 18.3 billion RMB for securities investment, totaling over 138 billion RMB [1][5]. - The company has already invested 3.306 billion RMB in securities as part of its investment strategy [5]. Market Context - Approximately 60 listed companies have announced plans to use idle funds for securities investment this year, with at least seven companies planning investments exceeding 10 billion RMB [3]. - Jiangsu Guotai's stock price was reported at 7.6 RMB per share, with a market capitalization of 124 billion RMB, reflecting a 4.4% increase in August [1]. Performance of Investments - Despite the enthusiasm for stock trading and wealth management, Jiangsu Guotai's investment returns have been disappointing, with cumulative fair value changes recorded as -60.45 million RMB, -69.27 million RMB, and -71.96 million RMB for the years 2023, 2024, and the first half of 2025, respectively [8]. - The company's cash balance has also been declining, with figures of 12.571 billion RMB as of June 2025 and 14.730 billion RMB as of December 2024 [8]. Project Termination - Alongside its investment announcements, Jiangsu Guotai also disclosed the termination of its lithium-ion battery electrolyte project due to external conditions and industry changes, stating that the project would not significantly impact its normal operations or current profits [10][12]. - The company cited overcapacity and intense market competition in the lithium-ion battery materials sector as reasons for the project's termination, leading to a significant reduction in expected investment returns [12]. Market Trends - The A-share market has seen a record trading volume, with the Shanghai Composite Index surpassing 3,800 points and daily trading volumes exceeding 2 trillion RMB for eight consecutive trading days [14][16]. - Analysts attribute the current market rally to liquidity-driven factors, with various sources of capital entering the market, including foreign investments and retail investor participation [16].

Core Viewpoint - The article emphasizes the importance of investor vigilance against illegal securities activities, particularly those involving AI impersonation and fraudulent stock recommendations, as the A-share market becomes more active and investor enthusiasm increases [1] Group 1: Investor Awareness - Investors are urged to enhance their ability to identify fraudulent activities and avoid falling victim to illegal stock recommendations [1] - The article outlines common tactics used by fraudsters, which revolve around gaining investor trust and extracting money [1] Group 2: Identification Strategies - Investors should verify the legitimacy of the entity offering stock recommendations, as the securities industry requires specific qualifications for operation [2] - It is crucial for investors to recognize exaggerated marketing tactics used by fraudsters, who may claim to be "mentors" or "stock gods" and promise guaranteed profits [2] - Investors must be cautious of counterfeit websites and apps that mimic legitimate institutions, as these can lead to the theft of personal information and funds [3] - Legitimate institutions only operate through company-named bank accounts, and any request for transfers to personal or non-brokerage accounts should be rejected [3] Group 3: Reporting and Evidence - Investors are encouraged to report any impersonation of securities companies or staff engaged in illegal activities to law enforcement or regulatory bodies [3] - In the event of falling victim to fraud, it is important to gather evidence such as chat records, call recordings, and transaction screenshots to assist in investigations [3] Group 4: Rational Investment Approach - The article concludes that there are no shortcuts in investing, and maintaining a rational mindset is essential for protecting oneself against fraudulent schemes [4] - Investors should remain skeptical of unsolicited stock recommendations and enhance their awareness and ability to prevent illegal activities [4]

Core Viewpoint - The article draws a parallel between investing and watching sunsets, emphasizing the unpredictability and risks involved in both activities, while also highlighting the importance of taking action despite potential challenges [8][10]. Group 1: Investment Risks and Uncertainties - Investing in stocks or industries often involves encountering unexpected situations, such as business difficulties, unfavorable industry policies, or sudden competition [9]. - Market conditions can also pose risks, as seen in the Hong Kong market from 2022 to 2023, where high-quality companies traded at significantly low price-to-earnings ratios, causing investor discomfort [9]. Group 2: Importance of Timing and Conditions - Just as one must choose the right time to watch a sunset, investors must also select appropriate moments to invest, avoiding periods of high uncertainty or risk [11]. - High valuations and excessive leverage in industries, such as the real estate sector in 2020, can indicate unfavorable conditions for investment, similar to attempting to watch a sunset during a storm [13]. Group 3: Learning and Experience - Investors should focus on understanding fundamental business and financial principles, and be willing to invest when conditions are favorable, even if immediate returns are not guaranteed [14]. - Gaining experience through investment, even in less than ideal situations, can lead to improved performance over time, contrasting with the stagnation of keeping money in a bank [14].

Core Viewpoint - China Tiangong Holdings (00428) expects to achieve a profit of approximately HKD 2.5 million to HKD 3.5 million for the six-month period ending June 30, 2025, compared to a net loss of approximately HKD 19 million in the same period of 2024 [1] Group 1 - The turnaround from loss to profit is primarily attributed to a reduction in unrealized net losses on listed securities [1] - The increase in realized gains from the sale of certain publicly traded securities during the reporting period also contributed to the profit [1]