HighRock Capital Management Inc. is an investment adviser registered with the State of New York. HighRock provides investment advisory services only in jurisdictions where it has completed registration as required by law, made the applicable filings, or satisfies the relevant exemption conditions.
HighRock Capital Management Inc. 是在纽约州注册的投资顾问。HighRock 仅在依法完成注册、适用备案或符合相关注册豁免条件的司法辖区提供投资顾问服务。
The public content on this website is provided to describe HighRock, our services and our general views on markets. Unless expressly stated otherwise, public website content is not tailored to the investment objectives, financial situation, risk tolerance or other individual circumstances of any particular person.
本网站公开内容用于介绍 HighRock、我们的服务及一般市场观点。除非明确说明，公开网站内容不针对任何特定人士的投资目标、财务状况、风险承受能力或其他个人情况进行定制。
HighRock's Research service provides impersonal investment research, which may include securities analysis, ratings, valuation, target prices, scenario analysis and reference trading ranges. Such research is prepared without regard to the individual circumstances of any particular subscriber and does not constitute personalized investment advice to any particular subscriber.
HighRock 的 Research 服务提供非个性化投资研究，可能包括证券分析、评级、估值、目标价、情景分析及参考交易区间。此类研究在编制时不考虑任何特定订阅者的个人情况，不构成针对特定订阅者的个性化投资建议。
Personalized investment advice for advisory clients is provided solely under the applicable written investment advisory agreement and on the basis of that client's specific circumstances.
针对投资顾问客户提供的个性化投资建议，仅依据适用的书面投资顾问协议及客户具体情况提供。
All investing involves risk, including the possible loss of principal. Securities prices and portfolio values may fluctuate materially.
所有投资均涉及风险，包括本金损失的可能性。证券价格及投资组合价值可能发生重大波动。
Past performance is not indicative of future results. A more concentrated portfolio may carry higher volatility than a highly diversified portfolio, and its sector allocation, security weights and performance may differ materially from major market indices.
过往表现不代表未来结果。集中度较高的投资组合可能比高度分散的投资组合具有更高的波动性，其行业配置、证券权重及投资表现也可能与主要市场指数存在显著差异。
HighRock's research may contain bear / base / bull scenarios, earnings projections, valuation ranges, target prices, catalyst analysis and other forward-looking judgments.
HighRock 的研究可能包含 Bear / Base / Bull 情景、盈利预测、估值区间、目标价、催化剂分析及其他前瞻性判断。
Such analysis reflects our views as at the date shown, based on the information available at that time and on the related assumptions. Assumptions may change, projections may not be realized, and actual results may differ materially from the estimates contained in the research.
此类分析反映我们在所示日期基于当时可获得信息及相关假设形成的观点。假设可能发生变化，预测可能无法实现，实际结果可能与研究中的估计存在重大差异。
Unless otherwise stated, HighRock does not undertake to update research or market commentary after publication.
除非另有说明，HighRock 不承诺持续更新已公开发布的研究或市场评论。
HighRock, its associated persons and its investment advisory clients may hold long or short positions in securities discussed in our research or in website content, and may transact in them according to their respective investment strategies, individual circumstances and market developments.
HighRock、其关联人员及投资顾问客户可能持有研究或网站内容中所讨论证券的多头或空头头寸，并可能根据各自适用的投资策略、客户情况及市场变化进行交易。
HighRock applies written compliance policies to research publication, client investment recommendations and personal securities transactions by associated persons, including applicable distribution rules, trade pre-approval, restrictions and blackout periods.
HighRock 对研究发布、客户投资建议及关联人员个人证券交易实行书面合规政策，包括适用的分发规则、交易审批、限制及封锁期。
Further explanation of these conflicts of interest and how they are managed is set out in HighRock's Form ADV Part 2A and Code of Ethics.
有关相关利益冲突及管理机制的进一步说明，请参阅 HighRock 的 Form ADV Part 2A 及 Code of Ethics。
This website may cite third-party data or information, or link to third-party websites. Such material is provided for information and convenience only.
本网站可能引用第三方数据、信息或网站链接。相关内容仅为提供信息和便利之目的。
HighRock does not control third-party websites and is not responsible for their content, availability, data policies or security measures. Citing third-party information does not constitute an endorsement or recommendation by HighRock of that third party or of its products or services.
HighRock 不控制第三方网站，也不对其内容、可用性、数据政策或安全措施负责。引用第三方信息不代表 HighRock 对该第三方或其产品、服务作出认可或推荐。
HighRock files and maintains its Form ADV in accordance with applicable regulatory requirements.
HighRock 按照适用监管要求提交并维护 Form ADV。
On entering an applicable investment advisory relationship, HighRock provides clients with its Form ADV Part 2A (Firm Brochure) and, where applicable, Form ADV Part 2B (Brochure Supplement), as required by regulation.
HighRock 在建立适用的投资顾问关系时，按照监管要求向客户提供 Form ADV Part 2A（Firm Brochure）以及适用的 Form ADV Part 2B（Brochure Supplement）。
The current Form ADV Part 2A, the applicable Part 2B and the Code of Ethics are available as required by applicable rules or on request.
现行 Form ADV Part 2A、适用的 Part 2B 及 Code of Ethics 可按适用规定或应要求提供。
To request these documents, please contact info@highrockcapitalmgmt.com.
索取相关文件，请联系 info@highrockcapitalmgmt.com。
HighRock collects only the information reasonably required to establish, maintain and deliver the relevant services.
HighRock 仅收集为建立、维护及提供相关服务而合理需要的信息。
That information may include name, contact details, account-related information, and — where investment advisory or financial planning services are provided — the assets, income, investment objectives, risk tolerance and other financial information those services require.
此类信息可能包括姓名、联系方式、账户相关信息，以及在提供投资顾问或财务规划服务时所需的资产、收入、投资目标、风险承受能力及其他财务信息。
HighRock uses information to deliver the services a client or subscriber has engaged us for, to maintain business records, to process payments, to meet compliance obligations and to operate the firm's business.
HighRock 使用相关信息以提供客户或订阅者所委托的服务、维护业务记录、处理付款、履行合规义务及运营公司业务。
HighRock does not sell the personal information of clients or subscribers.
HighRock 不出售客户或订阅者的个人信息。
Where necessary to deliver the services or to meet legal and regulatory obligations, information may be disclosed to appropriate third parties, including qualified custodians, payment processors, technology and professional service providers, and regulators or other government authorities legally entitled to receive it.
在提供服务或履行法律与监管义务所必要的情况下，相关信息可能向适当的第三方披露，包括合格托管机构、支付服务商、技术及专业服务提供商，以及依法有权获得相关信息的监管机构或其他政府机关。
HighRock requires its service providers to safeguard the information they access in accordance with applicable requirements.
HighRock 要求其服务提供商按照适用要求妥善保护所接触的信息。
HighRock maintains reasonable administrative, technical and physical safeguards to protect the security, confidentiality and integrity of the personal information it holds, and limits access to client information to those personnel and service providers who require it to perform their duties.
HighRock 采取合理的行政、技术及物理保障措施，以保护所持有个人信息的安全性、保密性及完整性，并将客户信息的访问限制于因履行职责而确有需要的人员及服务提供商。
Questions about our privacy or information security policies may be sent to info@highrockcapitalmgmt.com.
有关隐私或信息安全政策的问题，可联系 info@highrockcapitalmgmt.com。
This website and its public content are provided principally to give information about HighRock, our services and our views on markets.
本网站及其公开内容主要用于提供有关 HighRock、我们的服务及市场观点的信息。
HighRock seeks to ensure that the information it publishes has a reasonable basis at the time of publication, but does not warrant that all information is complete, current or free of error at any given time. Market data, company information and third-party material may change after publication.
HighRock 力求确保所发布信息在发布时具有合理依据，但不保证所有信息在任何时间均完整、最新或不存在错误。市场数据、公司信息及第三方资料可能在发布后发生变化。
No person should make an investment decision in reliance on public website content alone, without regard to their own circumstances.
任何人均不应仅依据网站公开内容，而不考虑自身具体情况，即作出投资决定。
Unless otherwise stated, the research reports, market commentary, analytical frameworks, text and other original content on this website are the property of HighRock Capital Management Inc.
除另有说明外，本网站的研究报告、市场评论、分析框架、文字及其他原创内容均归 HighRock Capital Management Inc. 所有。
A research subscription licenses the subscriber to use the research personally or internally in accordance with the applicable subscription terms. No protected content may be reproduced, publicly transmitted, republished, resold or commercially redistributed, in whole or in substantial part, without HighRock's prior written permission.
研究订阅仅授权订阅者按照适用订阅条款进行个人或内部使用。未经 HighRock 事先书面许可，不得对受保护内容进行全部或实质性部分的复制、公开传播、再发布、转售或商业性再分发。
Last updated: August 2026.最后更新：2026 年 8 月。