其中，香港公开发售获143.46倍认购，国际发售获12.78倍认购。 智通财经APP讯，金浔资源(03636)公布配发结果，公司全球发售3676.56万股H股，香港公开发售占 10%，国际发售占90%。每股发售价30港元，全球发售净筹约10.43亿港元。每手200股，预期H股将于 2026年1月9日(星期五)上午九时正开始在联交所买卖。 ...

智通财经APP讯，力勤资源(02245)公布，公司已就建议A股发行向深交所提交包括A股招股说明书(申报 稿)在内的申请材料，并已于2025年12月31日收到深交所就公司建议A股发行的申请出具的受理通知 书。A股招股说明书(申报稿)将刊载于深交所主板股票发行上市审核网站(https://listing.szse.cn)。 ...

展望2026年，王培认为，科技领域或仍将保持较强的产业势能，而价值风格在经济进入稳态区间后，有 望继续发挥支撑作用，市场或呈现"科技承先、价值续后"的特征。他同时指出，在信息密度、投资标的 类型数量大幅提升的市场环境下，投研体系的系统化与协同化将变得愈发关键，中欧基金权益专户团队 将通过专业化分工与工业化生产线应对市场挑战。 近日，在"看见 中欧基金2026年度投资策略会"上，中欧基金权益专户投委会主席、基金经理王培从长 期周期视角出发，回顾了过去二十余年市场风格的几轮重要切换。他指出，当前市场正处在从高成长向 中等增速过渡的阶段，科技与价值两大方向在新的周期背景下出现重新汇合的趋势。 他认为，第一阶段（2000—2010年）由周期成长风格主导，重化工业、资源行业和中低端制造业是主要 受益者；第二阶段（2010—2021年），随着城镇化率持续提升，内需消费与新兴服务不断升级，创业板 指数在这一时期迎来快速成长，市场风格明显向成长倾斜。 进入2021年以来的第三阶段，市场逐渐从高成长回到中等增速区间，价值风格重新占据主导。他指出， 在这一阶段，科创板指数没有跑赢中证红利指数，市场再次呈现价值回归的特征。同时，科 ...

飞南资源公告称，公司此前审议通过议案，同意2025年度为子公司提供不超50亿元担保额度。近日，公 司与兴业银行南昌分行签订《最高额保证合同》，为控股子公司江西巴顿向该行申请的最高本金限额2 亿元债权提供连带责任保证担保，保证期间为债务履行期限届满之日起三年。公司持有江西巴顿81%股 份，截至2025年9月30日，江西巴顿资产负债率79.29%。截至公告披露时，公司及其控股子公司对外担 保总余额为17.52亿元，无逾期对外担保等情形。 ...

Group 1 - The recent focus on A-shares may overlook subtle changes in the commodity futures market, where prices of various commodities like lithium carbonate, coal, steel, and industrial silicon have rebounded initially due to the "anti-involution" policy, but recent data shows a decline in demand and supply reduction has interrupted this price recovery [1] - In April, there was optimism regarding the resource sector as many resource stocks were at low levels, but now the sector faces a "strong expectation, weak reality" situation due to insufficient demand despite a belief in the effectiveness of the "anti-involution" policy [4] - The A-share market remains in a bull market, with significant capital waiting to enter, which may prevent immediate price corrections despite weakening fundamentals in certain sectors [4] Group 2 - A report from MIT indicates that up to 95% of companies have seen zero returns on AI investments, leading to concerns about a potential bubble in AI stocks, which has caused declines in major tech stocks like META, Microsoft, TSMC, and Nvidia [6] - Despite the negative sentiment, companies like META and Tencent have demonstrated through financial reports that AI can enhance advertising efficiency and revenue, suggesting that investors in these companies need not panic [6] - The performance of TSMC's stock has stagnated following its earnings report, raising concerns about Nvidia's upcoming earnings report as a potential market mover [6] Group 3 - Baiyun Airport reported a non-recurring net profit of 560 million yuan for the first half of 2025, a year-on-year increase of 32%, with a quarterly net profit of 300 million yuan, marking the highest level since 2019, yet its stock price remains at 2017 levels [7] - The airport's consistent quarterly net profit suggests it could achieve a total net profit of 1.2 billion yuan this year, with a current market capitalization of 23 billion yuan, resulting in a PE ratio of 19 times [7]

Core Viewpoint - Pengxin Resources (600490) is expected to achieve a net profit attributable to shareholders of the parent company ranging from 100 million to 150 million yuan for the first half of 2025, marking an increase of 148 million to 198 million yuan compared to the same period last year, thus turning a profit [1] - The company anticipates a net profit attributable to shareholders of the parent company, after deducting non-recurring gains and losses, to be between 105 million and 155 million yuan for the first half of 2025, representing an increase of 190 million to 240 million yuan year-on-year [1] Financial Performance - Expected net profit for H1 2025: 100 million to 150 million yuan [1] - Year-on-year increase in net profit: 148 million to 198 million yuan [1] - Expected net profit after non-recurring items for H1 2025: 105 million to 155 million yuan [1] - Year-on-year increase in net profit after non-recurring items: 190 million to 240 million yuan [1]

Economic Overview - In April 2025, Canada's real GDP decreased by 0.1%, ending the growth trend observed in March [1] - The goods-producing sector experienced an overall decline of 0.6%, with manufacturing being a significant drag, falling by 1.9% [1] - Durable and non-durable goods manufacturing dropped by 2.2% and 1.6% respectively, indicating negative impacts from tariff uncertainties on transportation equipment manufacturing and the food and oil industries [1] Service Sector Performance - The service-producing sector saw a slight increase of 0.1%, with public administration, finance and insurance, and arts and entertainment contributing to this growth [2] - The finance and insurance sector grew by 0.7%, marking the largest increase since August 2024, driven by high-frequency trading activities due to U.S. tariff announcements [2] - The arts, entertainment, and recreation sector achieved a growth of 2.8%, primarily due to increased attendance at NHL playoff games in Canada [2] Trade and Resource Sector Insights - The wholesale trade sector declined by 1.9%, significantly impacted by reduced imports and exports in motor vehicles and parts [7] - In the resource sector, while the oil and gas extraction sub-sector was affected by decreased natural gas and crude oil production, oil and gas support activities saw an increase due to rising drilling activities [7] Government Financials - In Q1 2025, the total deficit for all levels of government in Canada was CAD 12.4 billion, a reduction of CAD 19.6 billion compared to the same period last year [7] - The federal government significantly reduced its deficit to CAD 8.7 billion, while provincial and territorial governments faced pressures from increased spending and reduced revenues [7] Future Economic Outlook - The real GDP is expected to continue declining by 0.1% in May 2025, indicating challenges for short-term economic growth [7] - Growth in real estate rental activities may partially offset declines in other sectors [7] - The economic situation reflects the impact of global trade tensions on Canada's manufacturing and export-oriented industries, while also highlighting the supportive role of the service sector and other areas in economic growth [7]