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]

（住所：广东省广州市黄埔区中新广州知识城腾飞一街 2 号 618 室） （股票简称：广发证券；股票代码：000776.SZ、1776.HK） 募集说明书 发行人： 广发证券股份有限公司 牵头主承销商、受托管理人： 华泰联合证券有限责任公司 牵头主承销商、簿记管理人： 国泰海通证券股份有限公司 联席主承销商： 招商证券股份有限公司、平安证券股份有限公司 受托管理人： 华泰联合证券有限责任公司 发行金额： 不超过人民币 50 亿元（含） 增信措施情况： 无担保 信用评级结果： 主体评级：AAA；评级展望：稳定；债项评级：A-1 信用评级机构： 中诚信国际信用评级有限责任公司 牵头主承销商/债券受托管理人 （住所：深圳市前海深港合作区南山街道桂湾五路 128 号前海深港基金小镇 B7 栋 401） 牵头主承销商/簿记管理人 （住所：中国（上海）自由贸易试验区商城路 618 号） 签署日期： 年 月 日 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）募集说明书 声 明 本募集说明书依据《中华人民共和国公司法》 《中华人民共和国证券法》 （2019 年修 订）《公司债券发行与交易管理办法 ...

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 （住所：广东省广州市黄埔区中新广州知识城腾飞一街 2 号 618 室） 牵头主承销商/债券受托管理人 （住所：深圳市前海深港合作区南山街道桂湾五路 128 号前海深港基金小镇 B7 栋 401） 牵头主承销商/簿记管理人 （住所：中国（上海）自由贸易试验区商城路 618 号） 联席主承销商 （深圳市福田区福田街道益田路 5023 （住所：深圳市福田区福田街道福华一 号平安金融中心 B 座第 22-25 层） 路 111 号） 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。 重要事项提示 获得中国证券监督管理委员会"证监许可〔2025〕818 号"文获批可面向专业投资者公开 发行面值余额不超过 300 亿元（含）的短期公司债券（以下简称"本次债券"）。 元，发行数量不超过 5,000 万张（含），发行价格为人民币 100 元/张。本期债券发行总规 模为不超过 50 亿元（含）。 普通投资者和专业投资者中的个人投资者不得参与发行认购。本期债券上市后将被实施 投资者适当性 ...

债券代码：148009 债券简称：22 广发 04 债券代码：148010 债券简称：22 广发 05 债券代码：148011 债券简称：22 广发 06 广发证券股份有限公司 一、本期债券基本情况 债券（第二期） "148009"；品种二简称为"22 广发 05"，债券代码为"148010"；品种三简 称为"22 广发 06"，债券代码为"148011"。 关于"22 广发 04"付息兑付暨摘牌、 "22 广发 05"及"22 广发 06"付息的公告 本公司及董事会全体成员保证公告的内容真实、准确、完整，没有虚假记载、 误导性陈述或者重大遗漏。 特别提示： 由广发证券股份有限公司（以下简称"本公司"）发行的广发证券股份有限 公司 2022 年面向专业投资者公开发行公司债券（第二期）（以下简称"本期债 券"）将于 2025 年 8 月 4 日支付本期债券"22 广发 04"自 2024 年 8 月 4 日至 及"22 广发 06"自 2024 年 8 月 4 日至 2025 年 8 月 3 日期间的利息。为确保本 期债券本息兑付工作的顺利进行，现将有关事宜公告如下： 票面利率为 2.59%；品种二发行期限为 ...

Core Viewpoint - The credit rating report for GF Securities Co., Ltd. indicates a stable credit rating of AAA for the company and A-1 for the short-term corporate bonds being issued, reflecting strong competitive strength and comprehensive financial service capabilities [3][4]. Company Overview - GF Securities was established in 1991 and has evolved into a comprehensive securities company listed on both the Shenzhen Stock Exchange and the Hong Kong Stock Exchange [9][10]. - The company has a stable shareholding structure with its top three shareholders being Jilin Aodong Pharmaceutical Group Co., Ltd., Liaoning Chengda Co., Ltd., and Zhongshan Public Utility Group Co., Ltd., ensuring management continuity [9]. Financial Performance - As of 2024, GF Securities reported total assets of RMB 7,587.45 billion and shareholders' equity of RMB 1,530.85 billion, showing growth from previous years [5][6]. - The company achieved a net profit of RMB 105.45 billion in 2024, reflecting a positive trend in profitability [6]. Business Segments - The wealth management segment remains the largest source of revenue, contributing significantly to the overall income, with a focus on high-quality client service and digital transformation [19][20]. - The investment banking segment has shown recovery, with a notable increase in bond underwriting activities, where the company led 665 bond issues in 2024, a 59.86% increase year-on-year [26][28]. Industry Context - The securities industry is expected to experience a trend of consolidation, with larger firms gaining more market share while smaller firms focus on niche markets [15][16]. - Regulatory measures continue to shape the industry landscape, with a strong emphasis on compliance and risk management as firms adapt to changing market conditions [15][16]. Future Outlook - The credit rating agency projects that GF Securities' credit level will remain stable over the next 12 to 18 months, supported by its strong competitive position and diversified business model [4][3]. - The company is well-positioned to leverage its technological advancements and comprehensive service offerings to navigate the evolving financial landscape [15][16].

广发证券（000776）(01776)发布公告，根据深圳证券交易所债券上市的有关规定，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(第五期)(续发行)符合深圳证券交易所债券上市条 件，将于2025年8月1日起在深圳证券交易所与存量债券合并上市、合并托管，并面向专业投资者中的机 构投资者交易，交易方式包括匹配成交、点击成交、询价成交、竞买成交和协商成交。存量债券规模为 30亿元，续发行面值为20亿元。 该债券证券全称为"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(第五期)"，证 券简称为"25广发D7"，证券代码为"524303"，保持不变。 ...

专题：专题|2024年度A股CFO数据报告：美的集团钟铮年薪946万，比亚迪周亚琳896万 炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ 作为上市公司核心管理层关键成员，财务总监CFO的地位与作用至关重要。新浪财经《2024年度A股 CFO数据报告》显示，2024年A股上市公司财务总监（CFO）群体薪酬规模合计达42.70亿元，平均年薪 为81.48万元。 在2024年证券公司财务总监薪酬榜单中，广发证券财务总监孙晓燕以225.75万元年薪位列行业第三，仅 次于东方财富黄建海（332.24万元）和华创云信张小艾（260万元）。 | | | | 2024券商CF0数据报告 | | | | | --- | --- | --- | --- | --- | --- | --- | | 简称 | CFO | 薪酬万元 | 新酬增减 | 年龄 | 出生年份 | 学历 | | 东方财富 | 黄建海 | 332. 24 | 40. 39 | 52 | 1973 | 硕士 | | 华创云信 | 张小艾 | 260 | -7 | 55 | 1970 | 硕士 | | 广发证券 | 孙晓燕 | 225. ...