Group 1 - The Securities ETF Huashan (516200) opened down 0.91% at 0.982 yuan on March 27 [1][2] - Major holdings of the Securities ETF Huashan experienced declines, including Dongfang Wealth down 0.99%, CITIC Securities down 0.33%, and Guotai Junan down 0.78% [1][2] - The performance benchmark for the Securities ETF Huashan is the CSI All Share Securities Company Index return, managed by Huashan Fund Management Co., Ltd. [1][2] Group 2 - Since its establishment on March 9, 2021, the Securities ETF Huashan has returned -1.01%, with a return of -11.09% over the past month [1][2]

Financial Performance - Total revenue for the year ended December 31, 2025, was HKD 659,849,000, a significant increase from HKD 55,897,000 in 2024[3] - The net profit for the year was HKD 120,936,000, a turnaround from a loss of HKD 160,726,000 in 2024[4] - Basic earnings per share improved to HKD 0.0775 from a loss of HKD 0.1030 in the previous year[3] - The pre-tax profit for the year ended December 31, 2025, was HKD 139,218,000, compared to a loss of HKD 133,570,000 in 2024[13] - The company reported a total comprehensive income of HKD 121,787,000 for the year, compared to a loss of HKD 160,831,000 in 2024[4] - Shareholder profit turned around to HKD 121 million in 2025 from a loss of HKD 161 million in 2024[35] Revenue Sources - Customer contract revenue under HKFRS 15 rose to HKD 326,542,000, up from HKD 232,254,000 in the previous year, indicating a growth of approximately 40.5%[3] - The income from commission and fees for 2025 was HKD 326,542,000, up from HKD 232,254,000 in 2024, representing an increase of approximately 40.5%[15] - The group’s income from external customers in the corporate finance segment was HKD 124,075,000 for 2025, compared to HKD 89,921,000 in 2024, reflecting a growth of approximately 38%[13] - Commission and fee income rose by 41% to HKD 326.54 million, driven by rapid growth in brokerage, sponsorship, and underwriting services[36] - Wealth management business revenue grew by 9% to HKD 290.35 million, with commission and fee income reaching HKD 115.03 million, a 64% increase from 2024[39] - Corporate finance business commission and fee income increased by 38% to HKD 124.08 million[42] Assets and Liabilities - Total assets increased to HKD 12,968,327,000, compared to HKD 8,708,755,000 in 2024, reflecting a growth of approximately 48.5%[5] - Current liabilities rose to HKD 10,307,112,000 from HKD 6,152,199,000, indicating an increase of about 67.7%[5] - The total equity attributable to ordinary shareholders increased to HKD 2,751,134,000 from HKD 2,629,347,000, showing a growth of approximately 4.6%[6] - Total accounts receivable increased to HKD 781,244,000 in 2025 from HKD 598,086,000 in 2024, reflecting a growth of approximately 30.5%[23] - The company's cash client receivables rose to HKD 176,731,000 in 2025, up from HKD 61,082,000 in 2024, indicating a substantial increase of 189.5%[23] - The company's accounts payable increased to HKD 4,035,822,000 in 2025 from HKD 3,438,149,000 in 2024, reflecting an increase of approximately 17.4%[27] Market and Economic Context - The Chinese economy grew by 5.0% in 2025, with GDP surpassing 140 trillion RMB for the first time, achieving its annual target[30] - The domestic high-tech product export value increased by 13.2% year-on-year, despite uncertainties in exports[30] - The A-share market saw significant growth, with the Shanghai Composite Index rising by 18.41% and the ChiNext Index increasing by 49.57% in 2025[31] Business Operations and Strategy - The company plans to enhance its financial technology applications and improve its electronic service platform to provide better wealth management solutions[40] - The group aims to enhance its investment research capabilities and explore cross-border asset management opportunities, focusing on the "Belt and Road" initiative[51] - The group plans to focus on technology finance and green finance, expanding business opportunities along the Belt and Road Initiative and in emerging markets[54] - The group emphasizes compliance and risk management, with a review of credit limits and monitoring of credit risks in place[61] - The group aims to enhance operational efficiency and customer experience through financial technology empowerment and digital transformation[54] Employee and Corporate Governance - The total number of full-time employees was 244 as of December 31, 2025, with total employee costs amounting to approximately HKD 251 million, an increase from HKD 233 million in 2024[66] - The board of directors consists of eight members, including three executive directors and three independent non-executive directors[77] Future Outlook - The global economy is expected to maintain moderate recovery in 2026, with growth projected around 5%[52] - Hong Kong's stock market is anticipated to shift from valuation recovery in 2025 to profit growth and liquidity improvement in 2026[53]

Group 1 - The Securities ETF Southern (512900) opened down 0.29% at 1.045 yuan on March 26 [2][4] - Major holdings in the ETF include Dongfang Caifu down 0.45%, CITIC Securities down 0.32%, Guotai Junan down 0.23%, Huatai Securities down 0.37%, GF Securities down 0.27%, China Merchants Securities down 0.07%, Dongfang Securities down 0.22%, Dongxing Securities down 0.16%, and Industrial Securities down 0.16%, while Shenwan Hongyuan remained unchanged [2][4] - The performance benchmark for the Securities ETF Southern is the CSI All Share Securities Company Index return, managed by Southern Fund Management Co., Ltd., with a fund manager named Sun Wei [2][4] Group 2 - Since its establishment on March 10, 2017, the ETF has returned 4.70%, but it has seen a decline of 10.11% over the past month [2][4] - A MACD golden cross signal has formed, indicating potential upward momentum for certain stocks [2][4]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或完整性亦不發 表任何聲明，並明確表示，概不就因本公告全部或任何部分內容而產生或因依賴該等內容而引致的任何損失承 擔任何責任。 SHENWAN HONGYUAN (H.K.) LIMITED 申 萬 宏 源 （ 香 港 ） 有 限 公 司 （於香港註冊成立之有限公司） （股份代號：218） 正面盈利預告 申萬宏源（香港）有限公司 執行董事兼行政總裁 梁鈞 香港，二零二六年三月二十日 於本公告日期，本公司董事局由八位董事組成，其中吳萌女士、李守偉先生及梁鈞先生為執 行董事；張磊先生及張英女士為非執行董事；而郭琳廣先生、劉持金先生及趙麗娟女士為獨 立非執行董事。 本公告是根據《香港聯合交易所有限公司證券上市規則》（「上市規則」）第 13.09 條及《證 券及期貨條例》(香港法例第 571 章)第 XIVA 部項下之內幕消息條文（定義見上市規則）刊發。 申萬宏源（香港）有限公司（「本公司」，連同其附屬公司統稱「本集團」）董事局（「董 事局」）謹此通知本公司股東及潛在投資者，基於提供給董事局最新財務資料，本集團預期 截至二零二五年十二月 ...

申萬宏源(香港)有限公司(「本公司」)宣布，本公司董事局（「董事局」）會議將於二零二六 年三月二十六日(星期四)在香港皇后大道東 1 號太古廣場三座六樓舉行，藉以(其中包括)批 准刊發本公司及其附屬公司截至二零二五年十二月三十一日止年度的全年業績公告，以及考 慮派發末期股息之建議(如有)。 承董事局命 申萬宏源（香港）有限公司 執行董事兼行政總裁 梁鈞 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確 性或完整性亦不發表任何聲明，並明確表示，概不就因本公告全部或任何部分內容而產生或 因依賴該等內容而引致的任何損失承擔任何責任。 SHENWAN HONGYUAN (H.K.) LIMITED 申 萬 宏 源 （ 香 港 ） 有 限 公 司 （於香港註冊成立之有限公司） （股份代號：218） 董事局會議召開日期 於本公告日期，董事局由八位董事組成，其中吳萌女士、李守偉先生及梁鈞先生為執行董事； 張磊先生及張英女士為非執行董事；而郭琳廣先生、劉持金先生及趙麗娟女士先生為獨立非 執行董事。 1 香港，二零二六年三月十三日 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或 完整性亦不發表任何聲明，並明確表示，概不對因本公告全部 或任何部份內容而產生或因倚賴該 等內容而引致的任何損失承擔任何責任。 SHENWAN HONGYUAN (H.K.) LIMITED 申 萬 宏 源 （ 香 港 ） 有 限 公 司 （於香港註冊成立之有限公司） 執行董事之辭任 申萬宏源（香港）有限公司（「本公司」，連同其附屬公司統稱為「本集團」）董事局（「董事 局」）謹此宣佈胡憬先生（「胡先生」）因工作調整原因，胡先生已提出辭任本公司董事局執行 董事、首席風險官、風險委員會成員、環境、社會及管治委員會成員及經營管理委員會成員 之職務，自二零二六年三月十三日起生效。 胡先生已確認，彼與董事局並無任何意見分歧，亦無有關其辭任之其他事宜須提請本公司股 東垂注。 （股份代號：218） 董事局謹此向胡先生於任職期間對本公司所作之貢獻致以衷心感謝。 承董事局命 申萬宏源（香港）有限公司 於本公告日期，董事局由八位董事組成，其中吳萌女士、李守偉先生及梁鈞先生為執行董事； 張磊先生及張英女士為非執行董事；而郭琳廣先生、劉持金先生及趙麗 ...

SHENWAN HONGYUAN (H.K.) LIMITED 申 萬 宏 源 （ 香 港 ） 有 限 公 司 （於香港註冊成立之有限公司） （股份代號：218） 董事名單與其角色和職能 自二零二六年三月十三日起，申萬宏源（香港）有限公司董事局（「董事局」）成員載列如下： 執行董事 吳萌女士（主席） 李守偉先生 梁鈞先生（行政總裁） 非執行董事 張磊先生 張英女士 郭琳廣先生 劉持金先生 趙麗娟女士 董事局下設 6 個委員會。下表載列各董事成員在各委員會中所擔任的職位： | | 委員會 | 審核 | 薪酬 | 提名 | 風險 | 環境、社會 | 經營管理 | | --- | --- | --- | --- | --- | --- | --- | --- | | | | 委員會 | 委員會 | 委員會 | 委員會 | 及管治 | 委員會 | | 董事 | | | | | | 委員會 | | | 吳萌女士 | | | | 主席 | | 主席 | 主席 | | 李守偉先生 | | | | | 成員 | | | | 梁鈞先生 | | | | | 成員 | 成員 | 副主席 | | 張磊先生 | | | | | | | ...

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 | 截至月份: | 2026年2月28日 | 狀態: 新提交 | | --- | --- | --- | | 致：香港交易及結算所有限公司 | | | | 公司名稱: | 申萬宏源(香港)有限公司 | | | 呈交日期: | 2026年3月2日 | | | I. 法定/註冊股本變動 不適用 | | | FF301 第 1 頁 共 10 頁 v 1.2.0 FF301 II. 已發行股份及/或庫存股份變動及足夠公眾持股量的確認 1. 股份分類 普通股 股份類別 不適用 於香港聯交所上市 (註1) 是 證券代號 (如上市) 00218 說明 已發行股份（不包括庫存股份）數目 庫存股份數目 已發行股份總數 上月底結存 1,561,138,689 1,561,138,689 增加 / 減少 (-) 本月底結存 1,561,138,689 0 1,561,138,689 足夠公眾持股量的確認(註4) | 根據《主板上市規則》第13.32D(1)條或第19A.28D(1)條 / 《GEM上市規則》第17.37D(1)條或第25.21D(1)條 ...

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 | 截至月份: | 2026年1月31日 | 狀態: 新提交 | | --- | --- | --- | | 致：香港交易及結算所有限公司 | | | | 公司名稱: | 申萬宏源(香港)有限公司 | | | 呈交日期: | 2026年2月2日 | | | I. 法定/註冊股本變動 不適用 | | | FF301 第 1 頁 共 10 頁 v 1.2.0 FF301 II. 已發行股份及/或庫存股份變動及足夠公眾持股量的確認 1. 股份分類 普通股 股份類別 不適用 於香港聯交所上市 (註1) 是 證券代號 (如上市) 00218 說明 已發行股份（不包括庫存股份）數目 庫存股份數目 已發行股份總數 上月底結存 1,561,138,689 1,561,138,689 增加 / 減少 (-) 本月底結存 1,561,138,689 0 1,561,138,689 足夠公眾持股量的確認(註4) | 根據《主板上市規則》第13.32D(1)條或第19A.28D(1)條 / 《GEM上市規則》第17.37D(1)條或第25.21D(1)條 ...

Core Insights - The Securities Social Media Index (SMI) for December 2025 shows a competitive landscape among brokerage firms, with Dongfang Caifu, CITIC Securities, and China Merchants Securities occupying the top three positions. Dongfang Caifu and CITIC Securities maintained their positions, while China Merchants Securities rose from sixth to third place. Shenwan Hongyuan also made significant progress, moving from 17th to 4th place [1][25]. Group 1: Brokerage Rankings - The top three firms in the SMI for December 2025 are Dongfang Caifu (81.06), CITIC Securities (77.83), and Shenwan Hongyuan (76.80) [7][10]. - New entrants to the SMI include Debang Securities, Caixin Securities, and CITIC JianTou, while Huazhong Securities, Kaiyuan Securities, and Huafu Securities dropped out of the rankings, indicating intensified competition in social media operations among brokerages [1][25]. Group 2: Content Themes - The high-engagement content on Douyin includes three main categories: investment cognition, policy interpretation, and brand services. Notable posts include Dongfang Caifu's insights on well-known investors, Guojin Securities' analysis of quantitative institutions, and CITIC Securities' introduction of its "Xin 100" wealth management system [11][15]. - The video platform's high-engagement content also reflects year-end outlooks and investor education, with Dongfang Caifu's "G2026 Stock Market Train" leading in likes, while CITIC Securities emphasized rational investment and long-term value [15][18]. Group 3: Social Media Engagement - The top-performing public accounts include CITIC Securities with a "2026 Investment Calendar" leading in readership, followed by Dongfang Caifu's "Weekend Major Events" and Zhongjin's analysis of the Central Economic Work Conference [20][22]. - The content strategy for year-end focuses on summarizing the past year and providing insights for the upcoming year, emphasizing the need for a balance of warmth, depth, and practicality in communications [25].