Core Viewpoint - Guolian Minsheng Securities Co., Ltd. will participate in the "2025 Wuxi Listed Companies Investor Collective Reception Day" to enhance interaction with investors [1] Group 1: Event Details - The event will be held online on November 4, 2025, from 15:30 to 17:00 [1] - Participants include the company's board secretary Wang Jie and securities affairs representative Chen Zhengzhang [1] - Investors can join the event via "Panorama Roadshow" website, WeChat public account, or by downloading the Panorama Roadshow APP [1] Group 2: Communication Focus - Company executives will communicate with investors regarding the company's operational status, governance, and development strategy [1] - The company encourages active participation from investors during the event [1]

Core Viewpoint - Guolian Minsheng is a leading comprehensive brokerage firm in China, with strong competitiveness in securities brokerage and investment banking, and has shown significant growth in revenue and net profit due to the acquisition of Minsheng Securities [1][5]. Financial Performance - In Q3 2025, Guolian Minsheng reported revenue of 6.038 billion yuan, ranking 20th among 45 companies in the industry, while the industry leader, CITIC Securities, had revenue of 55.815 billion yuan [2]. - The net profit for the same period was 1.779 billion yuan, placing the company at 22nd in the industry, with CITIC Securities leading at 23.916 billion yuan [2]. Profitability and Debt Ratios - The asset-liability ratio for Guolian Minsheng in Q3 2025 was 65.51%, lower than the industry average of 68.82% and down from 79.15% in the previous year [3]. - The gross profit margin was 36.98%, an increase from 22.35% year-on-year, but still below the industry average of 42.78% [3]. Shareholder Information - As of September 30, 2025, the number of A-share shareholders decreased by 2.85% to 91,800, while the average number of circulating A-shares held per shareholder increased by 11.92% to 28,300 [5]. - The top ten circulating shareholders included Hong Kong Central Clearing Limited and Guotai Junan CSI All-Share Securities Company ETF, with notable increases in their holdings [5]. Executive Compensation - The salary of President Ge Xiaobo for 2024 was reported at 1.4348 million yuan, a decrease of 1.4452 million yuan compared to 2023 [4]. Business Highlights - In H1 2025, Guolian Minsheng's revenue and net profit saw year-on-year increases of 269% and 1185%, respectively [6]. - Key business segments showed significant growth: brokerage income increased by 224%, investment banking income by 214%, and investment income surged by 456% [6]. - The company is expected to maintain strong growth in net profit for 2025-2027, with projections of 2.19 billion, 2.29 billion, and 2.73 billion yuan, respectively [6].

Core Viewpoint - Guolian Minsheng has reported impressive financial results for the third quarter, indicating strong growth momentum following the merger of Guolian Securities and Minsheng Securities, with significant increases in both revenue and net profit [2][3][4]. Financial Performance - For the first three quarters, the company achieved operating revenue of 6.038 billion yuan, a year-on-year increase of 201.17%, and a net profit of 1.763 billion yuan, reflecting a growth rate of 345.30% [3][4]. - In the third quarter alone, operating revenue reached 2.027 billion yuan, up 120.55%, while net profit was 636 million yuan, marking a 106.24% increase [3][4]. - By the end of the third quarter of 2025, total assets reached 189.325 billion yuan, a 94.76% increase from the end of 2024, and equity attributable to shareholders was 52.020 billion yuan, up 179.91% [3][4]. Business Segments - The growth in revenue is attributed to strong performance across core business segments, with net commission income from fees and commissions reaching 2.915 billion yuan, a 145.34% increase [3][4]. - Brokerage business net commission income surged to 1.565 billion yuan, a staggering increase of 293.05%, indicating heightened client trading activity [4]. - Investment banking fees amounted to 688 million yuan, reflecting a 160.77% year-on-year growth, with an expanding underwriting scale [4]. Investment Income - Investment income for the first three quarters was 2.804 billion yuan, a significant turnaround from a loss of 1.134 billion yuan in the same period last year, driven by increased gains from financial instrument disposals [4]. - Net interest income improved to 104 million yuan, compared to a loss of 129 million yuan in the previous year, attributed to the expansion of business scale and effective cost control [4]. Management and Integration - The successful integration of management teams has been a key factor in the company's performance, with strategic personnel adjustments made to enhance decision-making and operational efficiency [5][6]. - The company has completed the migration of existing investment banking projects from Minsheng Securities to Guolian Minsheng, and has successfully integrated various operational systems [6][7]. Strategic Direction - Guolian Minsheng is focusing on a differentiated strategy centered around "large investment banking + large investment + large research + large wealth management + large asset management," aiming to establish itself as a leading investment bank [7][8].

Core Viewpoint - Guolian Minsheng has reported impressive financial results for the third quarter, indicating strong growth momentum following the merger of Guolian Securities and Minsheng Securities, with significant improvements in revenue and profit margins [1][2][3]. Financial Performance - For the first three quarters, the company achieved a revenue of 6.038 billion yuan, representing a year-on-year increase of 201.17%, and a net profit of 1.763 billion yuan, with a remarkable growth rate of 345.30% [1][2]. - In the third quarter alone, revenue reached 2.027 billion yuan, up 120.55% year-on-year, while net profit was 636 million yuan, reflecting a growth of 106.24% [2][3]. - By the end of the third quarter of 2025, total assets reached 189.325 billion yuan, a 94.76% increase from the end of 2024, and equity attributable to shareholders was 52.020 billion yuan, up 179.91% [2]. Profitability and Core Business Growth - Basic earnings per share for the first three quarters stood at 0.31 yuan, a year-on-year increase of 121.43% [3]. - The growth in performance is attributed to the robust performance of core businesses, with net commission income reaching 2.915 billion yuan, a 145.34% increase [3]. - Brokerage business net income surged to 1.565 billion yuan, up 293.05%, indicating heightened trading activity among clients [3]. - Investment banking fees amounted to 688 million yuan, reflecting a 160.77% increase, supported by an expanding underwriting scale [3]. - Investment income turned positive at 2.804 billion yuan, a significant recovery from a loss of 1.134 billion yuan in the previous year, driven by increased gains from financial instrument disposals [3]. Management and Integration - The effective integration of management teams has been a key factor in the success of the merger, with strategic personnel adjustments made in August [4]. - The new leadership structure combines state-owned enterprise oversight with business-oriented management, enhancing decision-making capabilities [4]. Business Integration and Synergies - The integration of business operations has made significant strides, particularly in investment banking, where existing projects from Minsheng Securities have been transferred to Guolian Minsheng [6]. - The company has successfully completed the merger of trading systems, allowing seamless access for 1.92 million clients to the new trading platform [6]. - Asset management operations have also progressed, with the transition of management responsibilities from Minsheng Securities to Guolian Minsheng's asset management subsidiary [6]. Strategic Direction - Guolian Minsheng is focusing on a differentiated strategy centered around five major business areas: large investment banking, large investments, large research, large wealth management, and large asset management [7]. - The company aims to establish itself as a leading investment bank through continuous integration and market-driven growth strategies [7].

关于参加 2025 无锡上市公司投资者集体接待日活动 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。 证券代码：601456 证券简称：国联民生 公告编号：2025-067 号 国联民生证券股份有限公司 本 次 活 动将 采 用 网 络 远 程的 方 式 举 行 ， 投资 者 可 登 录" 全 景 路 演" （http://rs.p5w.net），或关注微信公众号：全景财经，或下载全景路演 APP，参与 本次互动交流，活动时间为 2025 年 11 月 4 日（星期二，15:30-17:00）。 届时公司高管将在线就公司经营状况、公司治理、发展战略等投资者关心的 问题，与投资者进行沟通与交流，欢迎广大投资者踊跃参与！ 特此公告。 为进一步加强与投资者的互动交流，国联民生证券股份有限公司（以下简称 "公司"）将参加"2025 无锡上市公司投资者集体接待日"活动，现将相关事项 公告如下： 出席本次年度网上集体接待日的人员有：公司董事会秘书王捷、证券事务代 表陈正章； 国联民生证券股份有限公司董事会 2025 年 10 月 ...

Group 1 - The company, Guolian Minsheng Securities Co., Ltd. (01456.HK), will participate in the "2025 Wuxi Listed Companies Investor Collective Reception Day" to enhance interaction with investors [1] - The event will be held online on November 4, 2025, from 15:30 to 17:00 [1] - Participants from the company include the Secretary of the Board, Wang Jie, and Securities Affairs Representative, Chen Zhengzhang [1] Group 2 - Investors can join the event through the "Panorama Roadshow" website, WeChat public account, or by downloading the Panorama Roadshow APP [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 中國江蘇省無錫市 2025年10月31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：2025-067 号 国联民生证券股份有限公司 关于参加 2025 无锡上市公司投资者集体接待日活动 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。 为进一步加强与投资者的互动交流， ...

Core Viewpoint - Enjie Co., Ltd. (002812.SZ) experienced a limit-up in stock price with a turnover rate of 6.02% and a transaction volume of 2.351 billion yuan [1] Trading Activity - The Shenzhen Stock Connect recorded a net purchase of 91.89 million yuan, with total purchases of 241 million yuan and sales of 147.9 million yuan [1] - Guolian Minsheng Securities Ningbo branch ranked second in net buying with a net purchase of 180 million yuan [1] - Two institutions bought a total of 24.73 million yuan and sold 55.56 million yuan, resulting in a net sell of 30.83 million yuan [1] - The "Wenzhou Gang" retail investors ranked third in net selling with a net sell of 36.53 million yuan [1] - Overall, the top trading seats recorded total purchases of 612 million yuan and sales of 292 million yuan, leading to a net purchase of 320 million yuan [1]

Core Insights - Enjie Co., Ltd. (002812.SZ) experienced a trading halt with a turnover rate of 6.02% and a transaction volume of 2.351 billion yuan [1] - The net buying from the Shenzhen Stock Connect amounted to 91.89 million yuan, with a total buying of 241 million yuan and selling of 147.9 million yuan [1] - Institutional investors showed mixed activity, with one firm net buying 180.32 million yuan while two others net sold 30.83 million yuan [1] Trading Activity Summary - The top trading departments included: - Shenzhen Stock Connect: 240.53 million yuan, accounting for 10.23% of total transactions [2] - Guolian Minsheng Securities, Ningbo branch: 180.32 million yuan, accounting for 7.67% [2] - Other notable departments included Guangfa Securities and Guotou Securities with respective buy amounts of 63.09 million yuan and 58.17 million yuan [2] - Overall, the top five buying and selling departments accounted for 26.03% of total transactions, with a combined buying amount of 611.92 million yuan [2]

| | 2025三季 | 去年三季 | | 2025三季 | 去年三季 | | | --- | --- | --- | --- | --- | --- | --- | | 证券简称 | 营业收入 | 营业收入 | 目比 | 原因净利润 | 旧母净利润 目比资利 | | | | (亿元) | (亿元) | | (亿元) | (亿元) | | | 中信证券 | 558.15 | 461.42 | 20.96% | 231.59 | 167.99 | 37.86% | | 国泰海通 | 458.92 | 290.01 | 58.24% | 220.74 | 95.23 | 131.80% | | 华泰证券 | 271.29 | 314.24 | -13.67% | 127.33 | 125.21 | 1.69% | | 中国银河 | 227.51 | 270.86 | -16.01% | 109.68 | 69.64 | 57.51% | | 广发证券 | 261.64 | 191.37 | 36.72% | 109.34 | 67.64 | 61.64% | | 国信证券 | 192.03 | 122.71 | ...