荣誉的取得离不开每一位员工的辛勤付出与紧密协作。从投研团队的深度研究，到投顾团队的精准服 务，再到运营团队的高效支持，各环节紧密配合，形成了强大的服务合力。正是这种协作精神，使得国 联民生证券能够在激烈的市场竞争中脱颖而出，赢得客户的信赖与认可。 国联民生证券将以此次获奖为契机，继续深耕财富管理领域，秉承"诚信、稳健、开放、创新"的经营理 念，不断提升专业水平，优化服务流程，加强团队建设，以更加优质、高效的服务回馈广大客户，为公 司财富管理业务的高质量发展及证券行业的健康发展贡献力量。 国联民生证券始终秉持"以客户为中心"的服务理念，致力于为客户提供全方位、个性化的财富管理解决 方案。在投资顾问服务方面，专业团队凭借深厚的专业知识、敏锐的市场洞察力以及严谨的工作态度， 为投资者提供了精准的市场分析、专业的投资建议以及贴心的资产配置服务，帮助客户实现资产的稳健 增值。 2020年4月，公司获得券商首批基金投顾试点资格。展业5年来，在资产配置投研框架的基础上，不断完 善5 + N（5代表五档风险等级的睿系列投顾策略，N代表工具化和定制化策略）的策略体系，上线超过 400个组合，满足超过34万客户的投资需求。在业务 ...

国联民生整合工作又迎来重大进展！ 9月23日晚间，国联民生（601456.SH）公告称，民生证券现有投资银行项目自9月23日起迁移并入国联 民生证券承销保荐有限公司（以下简称"国联民生承销保荐"，曾用名：华英证券有限责任公司）。 此前，国联证券通过全资子公司华英证券开展投行业务，而民生证券是一家投行业务特色鲜明的中型券 商。因此，双方合并后能否在投行业务上发挥协同效应，备受市场关注。 除了投行业务整合有重要进展，近期，21世纪经济报道记者还获悉，国联民生内部发布最新人事任免， 因工作需要，聘任周纪庚担任总裁助理，不再担任首席投资官；聘任姜晓林担任总裁助理，不再担任首 席财富官。此次调整不涉及业务分管内容的变化。 值得注意的是，这是国联民生在今年8月初新一届核心领导班子正式亮相后，迎来的首次人事调整。 据了解，国联民生不再设置"首席"管理序列，简化管理层级，是此次调整的重要原因。两位总裁助理职 级高于公司中层正职，姜晓林仍兼任机构客户部总经理，继续分管财富管理业务；周纪庚兼任证券投资 部总经理，分管自营投资业务。 回到当下，9月23日晚间，国联民生发布关于投行业务整合及客户与业务迁移的公告称，本次收购后国 联民 ...

Core Viewpoint - Pingao Co., Ltd. reported a revenue of 165.11 million yuan for the first half of 2025, marking a year-on-year increase of 7.21%, while the net profit attributable to shareholders was -15.81 million yuan, an improvement from -25.06 million yuan in the same period last year [1][2]. Financial Performance Summary - **Revenue**: The company achieved a revenue of 165.11 million yuan in the first half of 2025, up from 153.99 million yuan in the previous year, reflecting a growth of 7.21% [1][2]. - **Net Profit**: The net profit attributable to shareholders was -15.81 million yuan, compared to -25.06 million yuan in the same period last year, indicating a reduction in losses [1][2]. - **Net Profit Excluding Non-Recurring Items**: The net profit attributable to shareholders, excluding non-recurring items, was -19.06 million yuan, an improvement from -28.02 million yuan year-on-year [1][2]. - **Cash Flow**: The net cash flow from operating activities was -17.13 million yuan, compared to -112.09 million yuan in the same period last year, showing a significant reduction in cash outflow [1][2]. Historical Performance - **2024 Revenue**: For the year 2024, the company reported a revenue of 520.01 million yuan, a decrease of 4.81% from 546.26 million yuan in 2023 [3]. - **2024 Net Profit**: The net profit attributable to shareholders for 2024 was -64.06 million yuan, worsening from -10.68 million yuan in 2023 [3]. - **2024 Cash Flow**: The net cash flow from operating activities for 2024 was -112.84 million yuan, slightly improved from -120.03 million yuan in the previous year [3]. IPO and Fundraising - **IPO Details**: Pingao Co., Ltd. went public on the Shanghai Stock Exchange's Sci-Tech Innovation Board on December 30, 2021, issuing 28.26 million shares at a price of 37.09 yuan per share [3]. - **Fundraising Amount**: The total amount raised from the IPO was 1.048 billion yuan, with a net amount of 917 million yuan after deducting issuance costs [4]. - **Use of Funds**: The funds raised are intended for information technology innovation cloud platform, dedicated information service platform, Pingao Building construction, and to supplement working capital [4].

Core Viewpoint - The integration of Guolian Minsheng and Minsheng Securities is progressing, with the migration of existing investment banking projects expected to enhance overall business performance significantly [1][3][5]. Group 1: Integration Progress - As of September 23, Minsheng Securities' investment banking projects have been officially transferred to Guolian Minsheng [3]. - Guolian Minsheng has completed the acquisition of 99.26% of Minsheng Securities and is advancing the integration process [3]. - Currently, Minsheng Securities is involved in 15 ongoing IPO and refinancing projects, with 12 in the inquiry and response stages [3][4]. Group 2: Financial Performance - In the first half of 2025, Guolian Minsheng's investment banking revenue reached 544 million yuan, marking a year-on-year increase of 214.94% [3][4]. - The overall revenue for Guolian Minsheng in the first half of 2025 was 4.011 billion yuan, up 269.4%, with a net profit of 1.127 billion yuan, reflecting a growth of 1185.19% [6][7]. Group 3: Market Position and Future Strategy - The integration is expected to enhance Guolian Minsheng's market position and service capabilities in the investment banking sector [4][7]. - The company aims to focus on industry investment banking, technology investment banking, and wealth investment banking, while expanding its coverage of key and emerging industries [7]. - There is an emphasis on leveraging data and AI technologies to optimize business processes and improve service quality [4][7].

Core Viewpoint - The transformation of wealth management in China requires significant improvements in various areas, particularly in buyer investment advisory services, which are currently insufficiently developed [1] Group 1: Wealth Management Transformation - The depth of buyer investment advisory services is far from adequate [1] - The concept of "long money, long investment" has not been fully realized [1] - There is a relative lack of excellent client managers, leading to insufficient trust from clients [1] Group 2: Future of Wealth Management - Buyer investment advisory services are considered the foundation of wealth management transformation [1] - Buyer investment advisory, represented by "fund advisory," has established a new legal relationship similar to full discretionary management [1] - This new relationship is expected to become the cornerstone of future wealth management [1]

Group 1 - The core mission of wealth management institutions is to help investors achieve sustainable returns through professional asset allocation and service capabilities [1] - Major factors influencing clients' long-term investment mindset include significant drawdowns and unrealistic expectations [1] - The key lies in bridging the gap between allocation capabilities and client service, with technology empowerment expected to optimize and accelerate this process [1]

Core Viewpoint - Guolian Minsheng (01456.HK) has announced the integration of Minsheng Securities' investment banking projects into Guolian Minsheng's underwriting and sponsorship business, following the acquisition of 99.26% of Minsheng Securities' shares [1] Group 1: Acquisition and Integration - Guolian Minsheng has completed the acquisition of 99.26% of Minsheng Securities and is progressing with the related fundraising activities [1] - All existing projects of Minsheng Securities, including those in various stages of approval and advisory roles, will now be managed by Guolian Minsheng [1] - The integration of investment banking operations between Guolian Minsheng and Minsheng Securities is being carried out in an orderly manner, with Guolian Minsheng designated as the primary entity for these operations [1]

本公告所附民生证券现有上交所、深交所、北交所、全国中小企业股份转让系统的股权类在审、已注册 尚未完成发行、已获同意未完成挂牌、持续督导项目清单中项目，以及所有其他在辅导、债券承销、受 托管理以及财务顾问等项目，自2025年9月23日起迁移并入国联民生承销保荐，民生证券签署的上述项 目相关协议均由国联民生承销保荐继续履行，原协议中民生证券的权利义务全部由国联民生承销保荐承 继，并由国联民生承销保荐按照原协议约定继续为客户提供服务。 格隆汇9月24日丨国联民生(01456.HK)发布公告，根据相关要求，公司已完成发行股份购买民生证券 99.26%股份并募集配套资金相关事项，并妥善有序推进整合工作。公司收购民生证券前通过全资子公 司国联民生证券承销保荐有限公司(以下简称"国联民生承销保荐"，曾用名：华英证券有限责任公司)开 展投资银行业务。本次收购后国联民生承销保荐与民生证券投资银行业务整合工作稳步推进，并将国联 民生承销保荐确定为公司投资银行业务整合后的业务开展主体，现就投资银行业务整合所涉客户与业务 迁移及合同承继相关事项公告如下： ...

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。 （股份代號：01456） （於中華人民共和國成立的股份有限公司） 海外監管公告 本公告乃根據《香港聯合交易所有限公司證券上市規則》第13.10B條作出。 如下公告已於上海證券交易所網站刊發，僅供參閱。 特此公告。 承董事會命 國聯民生證券股份有限公司 董事長 顧偉 中國江蘇省無錫市 2025年9月23日 截至本公告日期，本公司執行董事為葛小波先生；本公司非執行董事為顧偉先生、 周衛平先生、吳衛華先生、楊振興先生及劉海林先生；及本公司獨立非執行董事為 高偉先生、郭春明先生及徐慧敏女士。 证券代码：601456 证券简称：国联民生 公告编号：2025-062 号 国联民生证券股份有限公司 关于投资银行业务整合及客户与业务迁移的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 根据中国证监会《关于同意国联证券股份有限公司发 ...

本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 证券代码：601456 证券简称：国联民生 公告编号：2025-062 号 国联民生证券股份有限公司 关于投资银行业务整合及客户与业务迁移的公告 根据中国证监会《关于同意国联证券股份有限公司发行股份购买资产并募集 配套资金注册、核准国联证券股份有限公司和民生证券股份有限公司变更主要股 东、民生基金管理有限公司和民生期货有限公司变更实际控制人等的批复》（证 监许可〔2024〕1911 号）要求，国联民生证券股份有限公司（以下简称"公司" 或"国联民生"）已完成发行股份购买民生证券股份有限公司（以下简称"民生 证券"）99.26%股份并募集配套资金相关事项，并妥善有序推进整合工作。 公司收购民生证券前通过全资子公司国联民生证券承销保荐有限公司（以下 简称"国联民生承销保荐"，曾用名：华英证券有限责任公司）开展投资银行业 务。本次收购后国联民生承销保荐与民生证券投资银行业务整合工作稳步推进， 并将国联民生承销保荐确定为公司投资银行业务整合后的业务开展主体，现就投 资银行业务整合所涉客户 ...