证券代码：524389 证券简称：25 广发 D9 广发证券股份有限公司 2025 年面向专业投资者公开发行短期公司债券（第七期） 票面利率公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 广发证券股份有限公司（以下简称"发行人"）面向专业机构投资者公开发 行面值余额不超过 300 亿元（含）的短期公司债券已获得中国证券监督管理委员 会证监许可〔2025〕818 号文同意注册。广发证券股份有限公司 2025 年面向专 业投资者公开发行短期公司债券（第七期）（以下简称"本期债券"）计划发行规 模为不超过 50 亿元（含）。 2025 年 8 月 1 日，发行人和主承销商在网下向专业机构投资者进行了票面 利率询价，利率询价区间为 1.20%-2.20%。根据网下向专业机构投资者询价结果， 经发行人与簿记管理人按照有关规定，在利率询价区间内协商一致，最终确定本 期债券（债券简称："25 广发 D9"，债券代码：524389）票面利率为 1.61%。 发行人将按上述票面利率于 2025 年 8 月 4 日至 2025 年 8 月 5 日面向专业 机构投资者网下发行 ...

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: 2025年7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: 廣發証券股份有限公司 呈交日期: 2025年8月1日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | H | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 01776 | 說明 | 廣發証券H股 | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 1,701,796,200 | RMB | | 1 RMB | | 1,701,796,200 | | 增加 / 減少 (-) | | | 0 | | | RMB | | | | 本月底結存 | | | 1,701,796,200 | RMB | | 1 RMB | | 1,701,796,200 | | 2. 股份分類 | 普通股 | 股份類 ...

香港联交所最新资料显示，7月28日，易方达基金增持广发证券（000776）(01776)347.1万股，每股作价 17.7515港元，总金额约为6161.55万港元。增持后最新持股数目为8708.34万股，最新持股比例为 5.12%。 ...

智通财经APP获悉，香港联交所最新资料显示，7月28日，易方达基金增持广发证券(01776)347.1万股， 每股作价17.7515港元，总金额约为6161.55万港元。增持后最新持股数目为8708.34万股，最新持股比例 为5.12%。 ...

关于延长广发证券股份有限公司 2025 年面向专业投资者公开发行短期公司债券（第七期） 簿记建档时间的公告 广发证券股份有限公司（以下简称"发行人"）面向专业机构投资者公开发 行面值余额不超过 300 亿元（含）的短期公司债券已获得中国证券监督管理委员 会证监许可〔2025〕818 号文同意注册。 根据《广发证券股份有限公司 2025 年面向专业投资者公开发行短期公司债 券（第七期）发行公告》，发行人及簿记管理人原定于 2025 年 8 月 1 日 15:00- 18:00 以簿记建档的方式向网下专业机构投资者进行利率询价，并根据簿记建档 结果确定本期债券的最终票面利率。 考虑到簿记建档当日市场情况，经发行人、簿记管理人及其他簿记参与方协 商一致，现将簿记建档结束时间由 2025 年 8 月 1 日 18:00 延长至 2025 年 8 月 1 日 19:00。 特此公告。 （以下无正文） 1 （本页无正文，为《关于延长广发证券股份有限公司 2025 年面向专业投资者公 开发行短期公司债券（第七期）簿记建档时间的公告》之盖章页） 发行人：广发证券股份有限公司 年 月 日 2 开发行短期公司债券（第七期）簿记建 ...

Core Insights - The total compensation for CFOs in A-share listed companies reached 4.243 billion yuan in 2024, with an average salary of 760,300 yuan [1] - The average salary for CFOs in the 36 listed securities firms was 1.3207 million yuan, significantly higher than the overall market average [1][7] - The majority of CFOs in the securities industry are aged between 51-60 years, with a median age of 55 [1][3] Compensation Analysis - The total compensation for CFOs in A-share listed securities firms amounted to 47.5458 million yuan, with an average salary of 1.3207 million yuan [5] - The highest-paid CFO was Huang Jianhai from Dongfang Caifu, earning 3.3224 million yuan, while the lowest was Gong Shengxi from Huazheng Securities, earning 549,000 yuan [5][7] - 22 CFOs earned over 1 million yuan, representing more than 60% of the total [7] Salary Trends - The average salary for CFOs in the securities sector decreased by 420,400 yuan compared to the previous year, yet it remains nearly double the average for all A-share CFOs [7] - Among the 36 listed securities firms, 10 CFOs received salary increases, while 24 experienced salary reductions [7] - Significant salary reductions were noted for CFOs at Guojin Securities and CITIC Securities, with reductions of 279.37 million yuan and 380.61 million yuan, respectively [7] Educational Background - The majority of CFOs in the securities industry hold a master's degree, accounting for 71% of the total, while 25% have a bachelor's degree [3]

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: 2025年7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: 廣發証券股份有限公司 呈交日期: 2025年8月1日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | H | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 01776 | 說明 | 廣發証券H股 | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 1,701,796,200 | RMB | | 1 RMB | | 1,701,796,200 | | 增加 / 減少 (-) | | | 0 | | | RMB | | | | 本月底結存 | | | 1,701,796,200 | RMB | | 1 RMB | | 1,701,796,200 | | 2. 股份分類 | 普通股 | 股份類 ...

Group 1 - The report maintains an investment rating of "Outperform the Market" for the non-bank financial sector [2][43]. - The core viewpoint emphasizes that the current market sentiment is recovering, supported by a series of policy implementations, which may lead to further increases in trading volume and index rebounds [43][44]. - The report highlights that the brokerage sector's price-to-book (PB) ratio is still at historical low levels, indicating potential for growth [44]. Group 2 - The report reviews the performance of the brokerage sector from 2003 to 2025, noting that the sector has experienced significant excess returns compared to the CSI 300 index during various market cycles [5][9]. - It identifies that the brokerage sector's beta has shown a slight recovery in 2025, currently at 1.66, indicating higher volatility compared to the market [5][6]. - The report points out that the current trading volume in the brokerage sector is positively correlated with the index performance, suggesting that increased trading activity often leads to higher index values [23][41]. Group 3 - The report indicates that the H-share brokerage stocks have shown stronger elasticity in the current market cycle, outperforming their A-share counterparts significantly [12][16]. - It notes that the average daily trading volume of the H-share brokerage sector has reached historical highs, with a peak of 15.3% of the total Hong Kong market trading volume [41]. - The report recommends specific brokerage firms such as GF Securities, East Money, CITIC Securities, Huatai Securities, and Hong Kong Exchanges for investment consideration [44].

Core Viewpoint - The report from GF Securities indicates that emerging technologies such as 4F2 and CBA are expected to become significant breakthroughs for enhancing the PPA (Power, Performance, Area) of DRAM chips, leading to increased equipment demand in the DRAM industry [1] Group 1: 4F2 Technology - 4F2 is an efficient technology route for increasing storage density, allowing DRAM cells to be arranged in a 3D vertical layout, which can reduce the cell size by approximately 30% compared to the 6F2 structure, thus improving area performance and storage density [2] - Companies like Samsung and Hynix are actively developing 4F2-related DRAM technologies, with Samsung utilizing VCT technology to vertically align transistors and Hynix planning to adopt the 4F2VG platform below the 10nm node for higher density and efficiency [2] Group 2: CBA Technology - CBA technology is crucial for optimizing the system-level performance of DRAM chips, allowing for the separate manufacturing of storage array wafers and logic control unit wafers, which are then bonded together to achieve better overall performance [3] Group 3: Equipment Demand Diversification - The optimization of DRAM chip architecture is expected to diversify equipment demand, as the industry explores and applies new technologies like 4F2 and CBA, which will increase the need for deposition, etching, bonding, CMP, and plating processes, thereby opening up growth opportunities for related equipment [4]

Core Viewpoint - Guangfa Securities closed at 19.19 yuan on July 31, down 0.57 yuan from the previous trading day, indicating a slight decline in stock performance [1] Company Overview - Guangfa Securities is a large comprehensive brokerage firm in China, involved in various sectors including securities brokerage, investment banking, and asset management [1] - The company is headquartered in Guangzhou and has multiple branches across the country, maintaining strong competitiveness in several business areas [1] Market Performance - On July 31, the trading volume for Guangfa Securities was 939,463 hands, with a total transaction amount of 1.82 billion yuan [1] - The stock opened at 19.68 yuan, reached a high of 19.81 yuan, and a low of 19.05 yuan, resulting in an intraday fluctuation of 3.85% [1] Capital Flow - On the same day, there was a net outflow of 366 million yuan in the main funds for Guangfa Securities, accounting for 0.32% of its circulating market value [1] Technical Indicators - The current stock price is situated between the 5-day and 20-day moving averages, indicating a stable trading environment [1]