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广发证券(000776) - 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)发行结果公告

2025-07-29 10:36
证券代码:524303 证券简称:25 广发 D7 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)发行结果公告 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。 广发证券股份有限公司(以下简称"发行人")公开发行面值余额不超过人 民币 300 亿元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(第五期)(续发行)发行公告》,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)(以下简称"本期续发行债券") 计划发行面值不超过 20 亿元(含),期限为 211 天(2025 年 6 月 12 日至 2026 年 1 月 9 日),票面利率为 1.64%,债券面值为人民币 100 元,发行价格通过簿记建 档确定。 本期续发行债券发行时间自 2025 年 7 月 28 日至 2025 年 7 月 29 日,最终 发行面值为 20 亿元,最终发行价格为 100.214 元,认购倍数 ...
广发证券:6月港元触及弱方保证 为何港股并未走弱?
智通财经网· 2025-07-28 07:56
Group 1 - The core viewpoint is that the rise in HIBOR does not necessarily lead to a decline in Hong Kong stocks, as the primary influence on stock performance is the economic fundamentals [1][10] - HIBOR affects Hong Kong stocks indirectly and in the short term, primarily through financing rates that are linked to HIBOR [6] - The relationship between HIBOR and other interest rates in Hong Kong, such as SME loan rates and margin financing rates, shows that HIBOR is a key benchmark for various financial products [7] Group 2 - HIBOR's impact on the Hong Kong economy is limited, and it does not significantly affect the profitability of companies listed in Hong Kong, as over 70% of profits come from mainland China [10] - The correlation between the US dollar index and Hong Kong stocks is strong historically, but a stronger dollar does not always lead to weaker Hong Kong stocks [15] - External capital flows, such as foreign and southbound investments, are often lagging indicators in the Hong Kong stock market rather than leading indicators [21] Group 3 - The macro liquidity indicators, such as M2, have a stronger relationship with China's PMI than with Hong Kong's PMI, indicating that mainland economic recovery can enhance the attractiveness of Hong Kong stocks [26] - Other liquidity-related indicators, such as market congestion and the stock-bond yield spread, can provide insights into market conditions, with the latter being a good indicator of market bottoms [34]
水牛行情!周末,利好!
中国基金报· 2025-07-27 14:50
Group 1 - The State Council, led by Premier Li Qiang, is promoting free preschool education as a significant welfare initiative affecting many families, emphasizing the need for local governments to develop detailed plans and ensure timely funding [2] - The China Capital Market Society was established, with the CSRC Chairman Wu Qing as the head, marking the creation of an official think tank for the capital market [4] - The CSRC is revising the Corporate Governance Guidelines to enhance the regulatory framework for listed companies, focusing on preventing significant adverse impacts from competition and improving related party transaction oversight [5] Group 2 - The China Pesticide Industry Association is launching a three-year campaign to address issues like illegal production and disorderly competition in the pesticide industry, aiming for improved market order and product quality by 2027 [8] - The market sentiment is high, with the CSRC's commitment to stabilizing the market, indicating a potential influx of new funds as the market shows signs of recovery [17] - The A-share market is expected to challenge 2024 highs, driven by the "anti-involution" policy and positive feedback from increased public and private fund positions [26] Group 3 - The recent market rally is characterized by a rotation strategy, with a focus on sectors that have lagged behind, such as steel and construction, which are now benefiting from themes like "anti-involution" and infrastructure projects [23] - The AI industry is anticipated to enter a "computing power-driven" phase, with domestic chip and infrastructure development expected to gain momentum [22] - The current market environment suggests a preference for "rotation and supplementary gains," with an emphasis on identifying sectors that have historically performed well under similar conditions [25]
7月25日电,利弗莫尔证券显示,山东胜软科技股份有限公司向港交所提交上市申请书,独家保荐人为广发证券(香港)。

news flash· 2025-07-25 14:48
Group 1 - Shandong Shengruan Technology Co., Ltd. has submitted a listing application to the Hong Kong Stock Exchange [1] - The exclusive sponsor for the listing is GF Securities (Hong Kong) [1]
广发证券(000776):低估的头部券商,β与α共振催化
ZHESHANG SECURITIES· 2025-07-25 14:21
Investment Rating - The investment rating for the company is "Buy" (maintained) [4] Core Views - The company is a leading private brokerage firm with optimized governance structure and a potential for a "Davis Double" effect [1] - The A-share and Hong Kong stock markets are gradually emerging from a long bull market, and the brokerage sector may welcome a new wave of innovation encouragement [1][2] - The company has a balanced business structure and excellent profitability, with a leading position in wealth management and a recovering investment banking business [1] Market and Policy Drivers - Market factors include the internationalization of the RMB, which is expected to drive a systematic revaluation of RMB assets, alongside domestic liquidity easing [1] - Policy support is anticipated to continue, benefiting brokerages as key participants in the capital and monetary markets [1][2] - The brokerage sector is expected to experience a "Davis Double" effect in terms of valuation and performance [1] Financial Forecasts - Projected net profit growth rates for 2025E-2027E are 23.9%, 16.4%, and 15.3% respectively [2][8] - The current price corresponds to a 2025 PB of 1.2x, which is below the average valuation of 1.4x for the brokerage sector [2] Target Price and Upside Potential - The target price is set at 27.18 CNY based on a 1.5x PB for 2026, indicating a potential upside of 36% [3]
广发证券(01776) - 海外监管公告 - 广发証券股份有限公司2025年面向专业投资者公开发行短...

2025-07-25 13:49
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。 GF SECURITIES CO., LTD. 廣發証券股份有限公司 (於中華人民共和國註冊成立的股份有限公司) (股份代號:1776) 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條刊發。 根據中華人民共和國的有關法例規定,廣發証券股份有限公司(「本公司」)在深圳 證券交易所網站( http://www.szse.cn )刊發的《廣發証券股份有限公司2025年面向 專業投資者公開發行短期公司債券(第五期)(續發行)發行價格公告》。茲載列如 下,僅供參閱。 承董事會命 廣發証券股份有限公司 林傳輝 董事長 中國,廣州 2025年7月25日 於本公告日期,本公司董事會成員包括執行董事林傳輝先生、秦力先生、孫曉燕 女士及肖雪生先生;非執行董事李秀林先生、尚書志先生及郭敬誼先生;獨立非 執行董事梁碩玲女士、黎文靖先生、張闖先生及王大樹先生。 证券代码:524303 证券简称:25 ...
广发证券(01776) - 海外监管公告 - 关於延长广发証券股份有限公司2025年面向专业投资者公...

2025-07-25 13:36
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:1776) 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條刊發。 根據中華人民共和國的有關法例規定,廣發証券股份有限公司(「本公司」)在深圳 證券交易所網站( http://www.szse.cn )刊發的《關於延長廣發証券股份有限公司2025 年面向專業投資者公開發行短期公司債券(第五期)(續發行)簿記建檔時間的公 告》。茲載列如下,僅供參閱。 GF SECURITIES CO., LTD. 廣發証券股份有限公司 (於中華人民共和國註冊成立的股份有限公司) 承董事會命 廣發証券股份有限公司 林傳輝 董事長 中國,廣州 2025年7月25日 於本公告日期,本公司董事會成員包括執行董事林傳輝先生、秦力先生、孫曉燕 女士及肖雪生先生;非執行董事李秀林先生、尚書志先生及郭敬誼先生;獨立非 執行董事梁碩玲女士、黎文靖先生、張闖先生及王大樹先生。 (第五期)(续发行) 簿 ...
广发证券(000776) - 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)发行价格公告

2025-07-25 13:18
2025 年 7 月 25 日,发行人和主承销商在网下向专业机构投资者进行了发行价 格询价,价格询价区间为 100.050 元-100.500 元。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,在价格询价区间内协商一致,最终确 定本期续发行债券发行价格为 100.214 元。 发行人将按上述发行价格于 2025 年 7 月 28 日至 2025 年 7 月 29 日面向专业 机构投资者网下发行。具体认购方法请参考 2025 年 7 月 24 日刊登在深圳证券交 易所网站(www.szse.cn)、巨潮资讯网(www.cninfo.com.cn)上的《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)发行 公告》。 存量债券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)于 2025 年 6 月 12 日完成发行,期限为 211 天(2025 年 6 月 12 日至 2026 年 1 月 9 日),票面利率为 1.64%。 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债券(第五期) (续发行)(简称" ...
广发证券(000776) - 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(第五期)(续发行)簿记建档时间的公告

2025-07-25 10:01
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(第五期)(续发行)发行公告》,发行人及簿记管理人原定于 2025 年 7 月 25 日 15:30-18:00 以簿记建档的方式向网下专业机构投资者进行价格询价,并根据 簿记建档结果确定本期债券的最终发行价格。 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 7 月 25 日 18:00 延长至 2025 年 7 月 25 日 19:00。 特此公告。 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 (第五期)(续发行) 簿记建档时间的公告 (以下无正文) 1 开发行短期公司债券(第五期)(续发行)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 (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 ...
中钢国际:广发证券、嘉合基金等多家机构于7月25日调研我司
Zheng Quan Zhi Xing· 2025-07-25 09:35
Core Viewpoint - The company, China Steel International (中钢国际), is focusing on enhancing its project management and expanding its international market presence, particularly in the Middle East and Africa, while benefiting from the steel industry's recovery and government policies aimed at reducing competition and promoting orderly development [2][4]. Group 1: Industry Performance - In the first half of the year, the steel industry in China experienced stable operations and improved economic benefits, with profits partly driven by the decline in prices of raw materials like coking coal and iron ore [2]. - The implementation of government policies to break "involution" is expected to aid in the orderly and effective development of the steel industry, which will create market opportunities for the company [2]. Group 2: Project Management and Execution - The company has strengthened its project oversight, ensuring that projects progress according to schedule, with significant milestones achieved in various ongoing projects [3]. - Notable achievements include the completion of design and procurement for the Simfer project, a five-month reduction in construction time for the Tosyali Algeria Phase IV project, and the inauguration of Bolivia's first modern integrated steel plant [3]. Group 3: Financial Performance - For Q1 2025, the company reported a main revenue of 3.519 billion yuan, a year-on-year decrease of 28.21%, while net profit attributable to shareholders was 232 million yuan, an increase of 7.78% [6]. - The company's gross profit margin for engineering projects was 13.75%, with an annual target gross margin of 13.61%, reflecting a 6.06% increase from the previous year [4][6]. Group 4: International Expansion - The company is committed to its internationalization strategy, focusing on risk management while expanding into new markets in the Middle East and Africa, alongside maintaining existing markets [4]. - The execution cycle for overseas projects is generally longer than domestic projects due to various factors, including differing pre-execution requirements and lower efficiency in construction organization [5]. Group 5: Accounts Receivable Management - The company places significant emphasis on managing accounts receivable, enhancing dynamic supervision and early warning systems to improve cash flow efficiency [4].