Core Viewpoint - The company announced the election of Gu Wei as the chairman of the board, who is also the party secretary and a director of the company [1] Group 1 - The fifth session of the company's board of directors will convene on August 8, 2025, to review the proposal for the election of the chairman [1] - Gu Wei will assume the role of the company's legal representative starting from the date of the board meeting's approval [1]

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8月13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 朱賀華先生、高偉先生及郭春明先生。 根据《公司章程》，公司法定代表人由董事长担任，顾伟先生自公司第五届 董事会第二十七次会议审议通过之日起担任公司法定代表人。 2025 年 8 月 13 日，公司完成法定代表人的工商变更登记手续，并取得了无 锡市数据局换发的营业执照，具体登记信息如下： 统一社会信用代码：91320200135914870B 名称：国联民生证 ...

Core Viewpoint - The collaboration between Guolian Minsheng Securities and Jiangsu Ocean University aims to deepen the integration of industry and education, fostering talent that meets industry needs and driving innovation in the financial sector [1] Group 1: Collaboration Framework - The partnership began with a focus on precise alignment between talent supply and educational practices, leading to the establishment of an internship base and a formal agreement in September 2022 [2] - In May 2023, the "School-Enterprise Cooperation Base" was inaugurated, enhancing the teaching practice platform and introducing a dual mentorship model that combines industry and academic guidance [2] Group 2: Educational Integration - The collaboration emphasizes practical training, moving beyond traditional classroom learning to include real-world applications through course co-construction and expert lectures [4] - A notable course, "Securities Investment," was established as a first-class course integrating industry practices, showcasing the deep connection between academic teaching and industry needs [4] Group 3: Competitions and Practical Learning - The partnership promotes student engagement through competitions, such as the "Fan Neng Xian" financial literacy competition, which has become a significant platform for enhancing students' financial acumen [5] Group 4: Expanding Cooperation Dimensions - The collaboration has evolved to include a multi-dimensional ecosystem that integrates party building, industry-education integration, and research collaboration, creating a synergistic effect [6] - Joint party-building activities have been initiated to strengthen the partnership, focusing on political integrity and self-discipline [6] Group 5: Resource Sharing and Future Directions - The partnership has led to the inclusion of practical case studies in the university's curriculum, enriching educational resources and providing real-world examples for students [7] - The ongoing collaboration aims to explore new pathways in financial talent development and local economic service, contributing valuable practical experiences to the integration of industry and education [7]

（原标题：A股，三大重磅驱动！牛市旗手，全线爆发） 集体飙升 早上开盘之后，券商股曾有一波小幅冲高，但很快就被打压下来。然而，在早上10:20过后，这个板块 突然迎来了大手笔买单。国盛金控和长城证券直线涨停，整个板块人气也被激活，中信证券、国泰海通 等权重股短线拉升。上证指数也受此带动，明显回暖。 进入8月份之后，市场明显活跃起来，月内成交金额基本维持在1.5万亿元以上，多个交易日维持在1.7万 亿元以上水平。板块健康轮动，个股非常活跃，截至昨日收盘，维持多头排列的个股数量超过2500只。 这一方面意味着市场渐入佳境，另一方面也意味着市场还未达到过热状态。 在券商中国记者采访时，有券商表示，近期保证金规模稳健增长。还有一些市场人士表示，近期申购基 金的投资者也有增多。另有券商表示，由于T0客户数量增加、规模加大，部分券商的算力已经明显不 够用。而且，加杠杆的存量客户明显增多。近期，融资余额持续增长，截至昨天，已超过2.02万亿元。 分析人士认为，中美相互延长90天关税之后，市场的不确定性明显下降，这在一定程度上拉高了投资者 的风险偏好。浙商证券更是表示，今年以来，DeepSeek的AI算法在云端生长出智慧脉络 ...

东海证券指出，多层次资本市场体系正逐步搭建完善，以提升上市公司投资价值和投资者回报为导向的 政策逐步落地，接下来对融资市场的边际放松和互联互通的进一步开放或许会逐步推出，进而提升资本 市场的吸引力。近期陆续披露的上市券商中报业绩表明上半年整体利润增长较为超预期，下半年持续高 涨的交投活跃度或将进一步催化券商业绩，重视中报披露窗口期带来的配置机遇。 智通财经获悉，中资券商股午前涨幅扩大，截至发稿，国联民生(01456)涨6.95%，报6.62港元；中信建 投证券(06066)涨4.91%，报13.9港元；华泰证券(06886)涨4.47%，报19.85港元；中信证券(06030)涨 3.02%，报29.32港元。 消息面上，数据显示，截至8月11日，共有29家A股上市券商披露了2025年半年度业绩预告，27家预 增，2家扭亏。其中，14家券商上半年归母净利润预增幅度超100%。方正证券预计，券商板块2025年上 半年主营收入同比增幅为27.8%，归母净利润同比增幅为60.8%；剔除国泰海通吸收合并负商誉影响 后，上半年券商板块归母净利润增幅为48.0%。 本文源自：智通财经网 ...

Group 1 - Chinese brokerage stocks have seen significant gains, with Guolian Minsheng up 6.95% to HKD 6.62, CITIC Construction Investment up 4.91% to HKD 13.9, Huatai Securities up 4.47% to HKD 19.85, and CITIC Securities up 3.02% to HKD 29.32 [1] - As of August 11, 29 A-share listed brokerages have disclosed their 2025 semi-annual performance forecasts, with 27 expecting profit increases and 2 turning losses into profits. Notably, 14 brokerages anticipate a net profit increase of over 100% for the first half of the year [1] - Founder Securities predicts a 27.8% year-on-year increase in main revenue for the brokerage sector in the first half of 2025, with a 60.8% increase in net profit attributable to shareholders. Excluding the negative goodwill impact from the merger of Guotai Junan and Haitong, the net profit growth is expected to be 48.0% [1] Group 2 - Donghai Securities highlights the gradual establishment of a multi-level capital market system aimed at enhancing the investment value of listed companies and returns for investors. Upcoming policies may lead to marginal easing in the financing market and further opening of connectivity, which could enhance the attractiveness of the capital market [1] - Recent disclosures of interim performance from listed brokerages indicate that overall profit growth has exceeded expectations for the first half of the year. The sustained high trading activity in the second half may further catalyze brokerage performance, emphasizing the investment opportunities presented during the interim reporting period [1]

Group 1: Overall Situation of Fund Advisory Combinations - As of the end of July 2025, there are a total of 450 fund advisory combinations available on the Tian Tian Fund APP, an increase of 4 from the previous month [2][8] - The distribution of fund advisory combinations includes 399 stock-bond central combinations, 32 track-type combinations, and 19 regional combinations, with stock-bond central combinations being the most prevalent [2][8] - The newly added combinations include one aggressive and one balanced stock-bond central combination, along with two conservative combinations [2][8] Group 2: Performance Tracking of Advisory Combinations - Over the past year, the median return of aggressive stock-bond central combinations outperformed similar FOF products, while balanced and conservative combinations underperformed [14][17] - In July, all track-type combinations showed positive median returns, with military, smart manufacturing, pharmaceuticals, new energy, consumption, dividends, and central state-owned enterprise combinations outperforming their benchmarks [22][23] - The median return of regional strategy combinations, including Hong Kong and overseas strategies, also outperformed their benchmarks in July [22][23] Group 3: Changes in Fund Holdings - The conservative advisory combinations reduced their bond fund holdings while increasing their allocation to QDII funds, with QDII fund average positions rising by 0.48% [32][35] - Balanced advisory combinations decreased their index fund holdings and increased their stock fund allocations, with stock fund average positions increasing by 0.33% [32][35] - Aggressive advisory combinations reduced their mixed fund holdings and increased their index fund allocations, with index fund average positions rising by 0.42% [32][35] Group 4: Tracking of Individual Fund Holdings - The most favored active equity funds by advisory combinations include those managed by value style managers, quantitative strategy managers, and technology theme managers [41] - The top actively increased funds include quantitative strategies and technology themes, with significant increases in holdings for funds managed by Ma Fang, Yi Wei, and Sun Meng [41] - The most favored QDII funds include those targeting global growth industries, particularly the E Fund Global Growth Select [41]

Core Points - Qingda Environmental Protection (688501.SH) announced the receipt of the Shanghai Stock Exchange's review opinion regarding its application for a specific issuance of A-shares for the year 2024 [1] - The total amount of funds to be raised from this issuance will not exceed 150 million yuan, which will be used entirely to supplement working capital after deducting issuance costs [1] - The issuance is directed towards Wang Yong, the controlling shareholder and actual controller of Qingda Environmental Protection, constituting a related party transaction [1] Summary by Sections - **Issuance Approval**: The Shanghai Stock Exchange confirmed that Qingda Environmental Protection's application for a specific issuance of shares meets the issuance conditions, listing conditions, and information disclosure requirements [1] - **Regulatory Approval**: The issuance is subject to approval from the China Securities Regulatory Commission (CSRC), and there is uncertainty regarding the timing and outcome of this approval [1] - **Pricing and Shares**: The pricing benchmark date for the issuance is the date of the announcement of the third meeting of the fifth board of directors, with a price set at 10.29 yuan per share, not lower than 80% of the average trading price over the previous 20 trading days [2] - **Share Quantity**: The number of shares to be issued will not exceed 14.577259 million shares, which is less than 30% of the total share capital prior to the issuance [2] - **Underwriter Information**: The lead underwriter for this issuance is Minsheng Securities Co., Ltd., now known as Guolian Minsheng Securities Co., Ltd., with designated representatives for the underwriting process [2]

Core Viewpoint - The report from Guolian Minsheng Securities indicates that the competitive landscape for overseas robotic vacuum cleaners remains stable, with effective competition driving product upgrades. The trend of "trading price for volume" is re-emerging in overseas markets, while price discounts for Chinese brands during Prime Day are lower than those during the 2024 Black Friday, suggesting a potential easing of competition in the overseas market. The leading companies are adopting more flexible strategies, and profitability is expected to recover [1]. Group 1: Market Conditions - Leading companies in the cleaning appliance industry, such as Ecovacs, have shown strong performance, particularly during the recent Amazon Prime Day, with significant growth in GMV. Major brands like Roborock and Ecovacs continue to dominate the market, while iRobot has seen a recovery in its U.S. market share. The overall market share and ranking of overseas robotic vacuum cleaners remain consistent, with Chinese brands actively promoting product upgrades in overseas markets [1][2]. - The trend of "trading price for volume" observed in the Chinese market from 2023 to 2024 is now being replicated in overseas markets, with leading companies experiencing growth in both volume and price [1]. Group 2: Competitive Dynamics - During the 2025 Prime Day, Chinese cleaning appliance leaders offered lower discount rates compared to the 2024 Black Friday, with an increase in the proportion of cost-effective products on Amazon in the U.S. Brands like Ecovacs and iRobot have successfully increased their market shares. The competitive landscape in Germany remains stable, while in France, brands like Roborock and Ecovacs have made significant gains in the mid-to-high-end market [2]. - The adjustment of discount strategies and price positioning indicates that leading companies are balancing market share expansion with profitability, leading to a more flexible competitive strategy [2]. Group 3: Future Prospects - The robotic vacuum cleaner market is still evolving, with a focus on product innovation and supply-driven demand. The Chinese market remains a key launchpad for new products. Ecovacs' washing robot has gained popularity, and new products from DJI and other brands are expected to drive market growth. The industry is anticipated to continue experiencing double-digit growth due to the introduction of innovative products and the expansion of high-end features [3].

8月8日，国联民生证券新一届核心领导班子正式亮相。当日晚间，国联民生发布公告称，公司董事长兼 总经理葛小波在辞去董事长一职后，继续担任总裁。公司董事会同意选举现任党委书记、董事顾伟担任 公司董事长。 《每日经济新闻》记者注意到，有分析认为，顾伟之前就已经担任国联民生证券党委书记，此次被选举 为公司董事长在预期之中，也符合相关规定。 另外，据公告，8月8日国联民生证券还同意聘任熊雷鸣担任公司执行副总裁，聘任郑亮、胡又文担任公 司副总裁，这三名新任高管都来自原民生证券。 据接近国联民生证券人士透露，此次高管团队调整后，国联民生证券全部高管团队已正式确定，标志着 国联民生证券整合进入了新阶段。 2023年12月4日，国联集团发布关于总裁发生变动的公告，任命顾伟为无锡市国联发展（集团）有限公 司总裁。2024年3月、7月，顾伟先后担任原民生证券董事长、原国联证券党委书记，亲自操刀"国联 +民生"整合事项。 一半高管来自原民生证券 另外，根据国联民生证券8月8日晚间发布的公告，公司还同意聘任熊雷鸣担任公司执行副总裁，聘任郑 亮、胡又文担任公司副总裁。值得注意的是，这三名公司新任高管都来自原民生证券。 6月上旬，国联民生 ...