Group 1 - The issuance of technology innovation bonds (科创债) by 12 securities firms has reached a total scale of 17.7 billion yuan, aimed at funding strategic emerging industries such as integrated circuits, artificial intelligence, and renewable energy [1] - The expansion of the bond issuance is expected to enhance the confidence in the technology innovation sector and attract capital inflows into related industries [1] - Overall, the issuance of technology innovation bonds is beneficial for optimizing the capital market structure and injecting new vitality into the stock market [1] Group 2 - The scale of newly issued public funds has surpassed 340 billion yuan this year, with equity funds accounting for over 50% of the total, indicating a growing demand for equity assets [2] - Leading institutions such as Fortune Fund, Huaxia Fund, and E Fund have shown significant issuance scales, reflecting investor trust in top-tier fund managers [2] - This trend is likely to promote the development of equity funds and enhance market activity [2] Group 3 - In April 2025, the number of new A-share accounts reached 1.92 million, showing a significant year-on-year increase of 30.6% compared to April 2024 [3] - Despite a slight decline from the previous month, the new account openings indicate a high level of market participation and a recovery in investor confidence [3] - The increase in new accounts may positively impact the brokerage sector and enhance stock market liquidity [3] Group 4 - In the past six months, four vice presidents have left Cinda Australia Fund, including a prominent fund manager, reflecting intensified competition and performance pressure in the public fund industry [4][5] - Over 60% of the active equity products from Cinda Australia Fund have reported negative returns over the past three years, suggesting a need for strategy adjustments [5] - The personnel changes may temporarily affect investor confidence, but the ongoing industry reshuffling is expected to promote healthier development and improve overall management standards [5]

港股券商股走强，招商证券(06099.HK)涨超7.5%、中信证券(06030.HK)涨超6%、国联民生(01456.HK) 涨5%、中国银河(06881.HK)涨4%、中金公司(03908.HK)涨近4%。 ...

截至发稿， 招商证券(06099.HK)涨7.68%、 中信证券(06030.HK)涨 6.35%、 国联民生(01456.HK)涨5.22 %、 中国银河(06881.HK)涨4.40 %、 中金公司(03908.HK)涨 3.92%。消息方面，中国人民银行行长潘功 胜5月7日在国新办发布会上宣布，降准0.5个百分点，并降低政策 利率0.1个百分点。 ...

Financial Performance - The company's operating revenue for Q1 2025 reached ¥1,562,489,599.05, representing an increase of 800.98% compared to the same period last year[4] - Net profit attributable to shareholders was ¥376,144,390.86, a significant recovery from a loss of ¥218,754,276.47 in the previous year[4] - The net cash flow from operating activities improved to ¥729,755,962.41, compared to a negative cash flow of ¥1,018,886,181.06 in the same quarter last year[4] - Net profit for Q1 2025 reached ¥378.83 million, a significant recovery from a net loss of ¥216.65 million in Q1 2024[23] - Total operating revenue for Q1 2025 was ¥1.56 billion, a substantial increase from ¥173.42 million in Q1 2024, reflecting a growth of approximately 803.5%[23] - The company reported a net interest income of -¥4.68 million in Q1 2025, an improvement from -¥26.79 million in Q1 2024[23] - Commission and fee income for Q1 2025 was ¥845.79 million, up from ¥338.34 million in Q1 2024, indicating a growth of about 150.5%[23] - Investment income for Q1 2025 was ¥689.62 million, a recovery from a loss of -¥867.99 million in Q1 2024[23] - The company reported a total comprehensive income of ¥243.52 million for Q1 2025, compared to ¥97.21 million in Q1 2024[32] Asset and Liability Management - Total assets increased by 79.53% year-on-year, reaching ¥174,517,507,696.98 at the end of the reporting period[5] - The company's total liabilities increased significantly, with accounts payable rising to 874,547,862.46, a 128.27% increase from the previous year, primarily due to newly consolidated subsidiaries[10] - Total assets as of March 31, 2025, amounted to CNY 128.04 billion, an increase from CNY 95.14 billion at the end of 2024[29] - The company's total liabilities were CNY 78.29 billion, slightly up from CNY 77.05 billion at the end of 2024[30] - Total liabilities rose to ¥123.54 billion, compared to ¥78.26 billion at the end of 2024, marking an increase of about 58.0%[20] Equity and Capital Structure - The total equity attributable to shareholders increased by 171.68% to ¥50,490,133,266.27 compared to the end of the previous year[5] - The total equity attributable to shareholders increased to CNY 49.76 billion from CNY 18.09 billion at the end of 2024[30] - The net capital of the parent company rose to ¥17,938,915,523.01, up from ¥16,342,765,035.57 at the end of the previous year[6] - The company completed the issuance of 2,640,269,065 new A-shares, increasing total A-shares to 5,029,402,233[19] Cash Flow Analysis - The net cash flow from investing activities surged to 15,697,421,692.86, a 493.35% increase compared to 2,645,572,124.88 in Q1 2024, mainly attributed to newly consolidated subsidiaries[10] - Operating cash flow for Q1 2025 was CNY 729.76 million, a significant improvement from a net outflow of CNY 1.02 billion in Q1 2024[26] - Cash and cash equivalents at the end of Q1 2025 reached CNY 46.00 billion, compared to CNY 18.49 billion at the end of Q1 2024[27] - The net cash flow from operating activities for Q1 2025 was ¥891.43 million, a significant improvement from a negative cash flow of ¥1.23 billion in Q1 2024[34] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 101,094, with no preferred shareholders with restored voting rights[11] - The largest shareholder, Wuxi Guolian Development (Group) Co., Ltd., holds 23.86% of the shares, while the combined holdings of related parties amount to 38.52%[13] Other Financial Metrics - The liquidity coverage ratio improved to 237.79%, compared to 161.85% at the end of the previous year[6] - The company achieved a weighted average return on equity of 0.96%, an increase of 2.19 percentage points from the previous year[4] - The basic and diluted earnings per share for the period were CNY 0.08, compared to a loss of CNY 0.08 in the previous period[24] - The company raised CNY 4.57 billion through bond issuance in Q1 2025, compared to CNY 3.19 billion in the same period last year[27]

Financial Performance - The company's operating revenue for Q1 2025 reached ¥1,562,489,599.05, representing an increase of 800.98% compared to ¥173,420,445.95 in the same period last year[6]. - Net profit attributable to shareholders was ¥376,144,390.86, a significant turnaround from a loss of ¥218,754,276.47 in the previous year[6]. - The company reported a substantial investment income of ¥689,616,725.66 in Q1 2025, recovering from a loss of ¥867,995,651.16 in Q1 2024[32]. - Net profit for Q1 2025 was ¥378,831,579.15, compared to a net loss of ¥216,647,616.36 in Q1 2024, indicating a turnaround in profitability[33]. - The company reported a total comprehensive income of ¥486,988,552.83 for Q1 2025, compared to ¥144,090,693.28 in Q1 2024[33]. - The company achieved a net cash inflow from financing activities of ¥725,453,889.13 in Q1 2025, compared to ¥1,179,492,480.52 in Q1 2024[37]. - The company’s total expenses for Q1 2025 were ¥1,065,835,667.53, significantly higher than ¥473,490,650.96 in Q1 2024[32]. Cash Flow and Liquidity - The net cash flow from operating activities improved to ¥729,755,962.41, compared to a negative cash flow of ¥1,018,886,181.06 in the same period last year[6]. - Cash and cash equivalents increased by 109.80% to approximately ¥32.34 billion, primarily due to the consolidation of newly acquired subsidiaries[16]. - The ending cash and cash equivalents balance for Q1 2025 was 27,133,103,669.78, compared to 17,904,491,198.65 in Q1 2024, reflecting a strong liquidity position[51]. - Cash inflow from operating activities totaled 6,090,821,303.91 in Q1 2025, down from 10,606,218,397.82 in Q1 2024[50]. - Cash outflow from operating activities decreased to 5,199,391,762.25 in Q1 2025 from 11,836,775,839.01 in Q1 2024[50]. - The company reported a net interest income of -¥12.39 million for Q1 2025, an improvement from -¥33.35 million in Q1 2024[45]. Assets and Liabilities - Total assets increased by 79.53% to ¥174,517,507,696.98 from ¥97,208,143,600.76 at the end of the previous year[8]. - The total liabilities of the company as of March 31, 2025, amounted to RMB 123.54 billion, up from RMB 78.26 billion, reflecting an increase of around 58%[27][28]. - Total assets increased to ¥128.04 billion as of March 31, 2025, from ¥95.14 billion as of December 31, 2024, representing a growth of approximately 34.5%[41]. - Total liabilities rose to ¥78.29 billion as of March 31, 2025, compared to ¥77.05 billion as of December 31, 2024, indicating a slight increase of about 1.6%[42]. Shareholder Information - The number of ordinary shareholders reached 101,094, indicating a broadening shareholder base[18]. - The top ten shareholders collectively hold 56.73% of the company's shares, with Wuxi Guolian Development Group holding the largest stake at 23.86%[19]. - The number of A-share shareholders reached 101,006, while H-share shareholders totaled 88 as of the reporting period[23]. Business Growth and Investments - The company attributed the significant revenue growth to the integration of Minsheng Securities and increased performance in securities investment, brokerage, and investment banking businesses[14]. - The company has successfully acquired 99.26% of Minsheng Securities through the issuance of A-shares, enhancing its market position[24]. - The company reported a substantial increase in trading financial assets, which rose to RMB 65.69 billion from RMB 37.92 billion, a growth of about 73.5%[27]. - The company has made significant investments in long-term equity investments, which increased to RMB 82.33 million from RMB 77.37 million[27]. Other Financial Metrics - The weighted average return on net assets increased by 2.19 percentage points to 0.96% from -1.23%[6]. - The risk coverage ratio improved to 299.60% from 233.70% at the end of the previous year[10]. - The liquidity coverage ratio increased to 237.79% from 161.85% at the end of the previous year[10]. - Non-recurring gains and losses amounted to -¥1,355,400.58 after tax, indicating a focus on sustainable income sources[12]. - Goodwill increased dramatically by 1,131.60% to approximately ¥14.07 billion, reflecting the impact of newly acquired subsidiaries[16]. - The company experienced a significant increase in deferred tax assets, which rose by 2,056.16% to approximately ¥862.77 million, primarily due to the consolidation of new subsidiaries[16].

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） 建議變更註冊資本及修訂《公司章程》 本公司已向15名特定對象發行208,550,573股A股股份（「本次發行」）募集配套資金， 並於2025年3月10日辦理完成新股登記手續。 鑒於本公司新增208,550,573股A股股份，建議變更本公司註冊資本並相應修訂《公司 章程》，具體如下： 1 變更註冊資本 經 中 國 證 監 會 核 准 通 過，本 公 司 已 完 成 本 次 發 行 工 作。本 次 發 行 新A股數量為 208,550,573股，已於2025年3月10日在中國證券登記結算有限責任公司上海分公 司辦理完成股份登記手續。本次發行完成後，本公司新增註冊資本（股本）為人民 幣208,550,573.00元，註冊資本（股本）由人民幣5,472,042,233.00元增加至人民幣 5,680,592,806.00元。 修訂《公司章程》 針 ...

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 葛小波 中國江蘇省無錫市 2025年4月29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。 证券代码：601456 证券简称：国联民生 公告编号：2025-030 号 国联民生证券股份有限公司（以下简称"公司"）第五届董事会第二十四次 会议于 2025 年 4 月 15 日以书面方式发出通知，于 2025 年 4 月 29 日在公司总部 国联金融大厦 9 楼会议室以现场结合通讯的方式召开。 会议应出席董事 9 ...

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 葛小波 中國江蘇省無錫市 2025年4月29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。 特此公告。 国联民生证券股份有限公司董事会 2025 年 4 月 29 日 证券代码：601456 证券简称：国联民生 公告编号：2025-032 号 国联民生证券股份有限公司 关于副总裁退休及证券事务代表辞职的公告 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 ...

今晚加更一篇，聊一下基金投顾的事情，明晚也准备再加更一篇，主要是聊下昨天晚上，金融监管总局发布的，关于允许保险公司调整万能险产 品最低保证利率的重磅通知，兹事体大。 聊基金投顾，是因为 从去年4月开始跟投表韭系列组合以来 ，正好满1年了，做个总结和复盘，对个人投资者朋友而言，可以看下跟投思路，对 同业小伙伴而言，也和大家分享一些肤浅的感悟。 不知道从何聊起，就写成一篇流水账了，一条一条往下聊，聊到哪儿算哪儿。 文章最后，有抽奖环节 ，奖品由主理人平台国联证券提供，大家记得看到最后。 ...... 所以，跟投基金投顾这个事情，于我个人而言，肯定不是1年或2年的事情，假设能活到中国人的平均寿命，那毛估估， 至少投个30-40年，应该 没问题 。 所以，这个周年的回顾，打算每年写一篇，到时候写满30年的时候，就能自费出一本书了，《"基"荡三十年》。 2、组合业绩观察。 投资这件事上，大家最关心的，莫过于业绩——虽然，实际上，从长期收益的角度来看，同"资产配置"、"仓位选择"相比，底层具体标的的表现 差异，其实关系没有想象的那么大。 不过，还是帮大家跟踪一下吧，以下数据，均来自于天天基金app，截至今天。 整体来看， ...

证券代码：601456 证券简称：国联民生 公告编号：2025-029 号 国联民生证券股份有限公司 关于召开 2024 年度暨 2025 年第一季度业绩说明会的公告 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。 重要内容提示： 2、会议召开地点：上证路演中心（https://roadshow.sseinfo.com/） 3、召开方式：上证路演中心网络互动 问题征集：投资者可于 2025 年 4 月 25 日（星期五）至 5 月 6 日（星期 二）16:00 前登录上证路演中心网站首页点击"提问预征集"栏目，或者通过公 司邮箱（glsc-ir@glsc.com.cn）进行提问。公司将在业绩说明会上就投资者普遍 关心的问题予以回答。 国联民生证券股份有限公司（以下简称"公司"）已于 2025 年 3 月 26 日发 布公司 2024 年年度报告并拟于 4 月 29 日发布 2025 年第一季度报告。为便于广 大投资者更加全面深入地了解公司 2024 年度、2025 年第一季度业绩与经营情况， 公司拟于 2025 年 5 月 7 ...