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關於「22廣發 07」付息兌付暨摘牌、「22廣發08」及「22廣發09」付息的公告》。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8月14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。 债券代码：148026 债券简称： ...

（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） 2025 年面向专业投资者 公开发行次级债券（第三期）（续发行） 募集说明书 | 发行金额 | 面值金额不超过 亿元（含） 30 | | --- | --- | | 担保情况 | 无担保 | | 信用评级结果 | 主体评级 AAA；评级展望：稳定 | | | 债项评级：AAA | | 发行人 | 广发证券股份有限公司 | | 牵头主承销商/簿记管理人/债券受托管理人 | 东方证券股份有限公司 | | 联席主承销商 | 招商证券股份有限公司、国海证券股份有限 公司 | | 资信评级机构 | 中诚信国际信用评级有限责任公司 | 牵头主承销商/簿记管理人/债券受托管理人 （住所：上海市黄浦区中山南路 119 号东方证券大厦） 联席主承销商 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》（2023 年修订）《证券公司次级债管理规定》 （2020 年修订）《深圳证券交易所公司债券发行上市审核业务指南第 1 号— ...

广发证券股份有限公司 2025 年面向 专业投资者公开发行次级债券 （第三期）（续发行）信用评级报告 编号：CCXI-20252975D-01 广发证券股份有限公司 2025 年面向专业投资者公开发行次级债券 （第三期）（续发行）信用评级报告 声 明 跟踪评级安排 中诚信国际信用评级有限责任公司 2025 年 8 月 11 日 本期债券本金和利息的清偿顺序在发行人的普通债之后、先于发行人的股权资本；本期债券与发行人已经发行 的和未来可能发行的其他次级债处于同一清偿顺序 随着国内证券行业加速对外开放，公司面临来自境内外券商、商业银行等金融机构的竞争 宏观经济增速放缓和证券市场的波动性对公司盈利稳定性带来一定挑战 * [16] A. A. K. 本次评级为委托评级，中诚信国际及其评估人员与评级委托方、评级对象不存在任何其他影响本次评级行为独立、 客观、公正的关联关系。 本次评级依据评级对象提供或已经正式对外公布的信息，以及其他根据监管规定收集的信息，中诚信国际按照相关 性、及时性、可靠性的原则对评级信息进行审慎分析，但中诚信国际对于相关信息的合法性、真实性、完整性、准 确性不作任何保证。 中诚信国际及项目人员履行 ...

（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） 2025年面向专业投资者 公开发行次级债券（第三期）（续发行） 发行公告 牵头主承销商 （住所：上海市黄浦区中山南路 119 号东方证券大厦） （住所：深圳市福田区福田街道福华一路111号） （住所：广西南宁市滨湖路46号国海大厦） 联席主承销商 签署日期：2025年 月 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 1、广发证券股份有限公司（以下简称"发行人"或"公司"）已于 2024 年 9 月 5 日获得中国证券监督管理委员会证监许可〔2024〕1258 号文注册公开发行 面值不超过 200 亿元的次级公司债券（以下简称"本次债券"）。 2、本次债券分期发行。广发证券股份有限公司 2025 年面向专业投资者公开 发行次级债券（第三期）（以下简称"存量债券"）于 2025 年 7 月 18 日完成发 行，债券期限为 3 年，票面利率为 1.85%，发行规模 14 亿元，债券代码：524375。 本期债券为广发 ...

债券代码：148026 债券简称：22 广发 07 债券代码：148027 债券简称：22 广发 08 债券代码：148028 债券简称：22 广发 09 广发证券股份有限公司 关于"22 广发 07"付息兑付暨摘牌、 "22 广发 08"及"22 广发 09"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： 2、债券简称及代码：本期债券品种一简称为"22 广发 07"，债券代码为 "148026"；品种二简称为"22 广发 08"，债券代码为"148027"；品种三简 称为"22 广发 09"，债券代码为"148028"。 3、债券发行批准机关及文号：中国证券监督管理委员会证监许可〔2022〕 1342 号。 4、发行期限、规模和利率：品种一发行期限为 3 年，发行规模为 8 亿元， 1 票面利率为 2.68%；品种二发行期限为 5 年，发行规模为 25 亿元，票面利率为 3.12%；品种三发行期限为 10 年，发行规模为 12 亿元，票面利率为 3.60%。 5、起息日：2022 年 8 月 16 日。 6、付息日：本期债券品种一付息日 ...

Group 1 - The core viewpoint of the announcement is that Weixing New Materials (SZ 002372) will hold an investor meeting on August 13, 2025, with participation from company representatives including Tan Mei and Chen Anmen [2] - For the first half of 2025, Weixing New Materials reported that its revenue composition was 99.08% from manufacturing and 0.92% from other businesses [2]

Core Viewpoint - The A-share market has seen significant gains, with the Shanghai Composite Index reaching a nearly four-year high, and brokerage firms are increasing their dividend payouts, indicating a positive trend in shareholder returns [1][4][5]. Group 1: Dividend Trends - Many brokerage firms are doubling their dividend payouts for 2024 compared to 2023, with Huayin Securities' dividend scale reaching ten times that of 2023 [1][5]. - As of August 13, over ten companies have proposed mid-term dividend plans for 2025, a significant increase from only two and one in 2022 and 2023, respectively [1][8]. - The number of brokerages planning mid-term dividends has surged to 26 in 2024, with expectations for further increases in 2025 [1][8]. Group 2: Specific Brokerage Dividend Data - In terms of per-hand dividend payouts for 2024, GF Securities leads with 40 yuan, followed by China Merchants Securities and Huatai Securities at 37.7 yuan and 37 yuan, respectively [2][11]. - Huayin Securities has seen its total dividend scale for 2024 reach 1.08 billion yuan, a significant increase from 0.108 billion yuan in 2023 [5][6]. - Southwest Securities' 2024 dividend scale is over double that of 2023, reaching 5.65 billion yuan, with plans for three dividend distributions throughout the year [6][8]. Group 3: Dividend Payment Rates - Among brokerages with a payout ratio above 50%, Guolian Minsheng leads at 80.04%, followed by Hongta Securities and Southwest Securities at 63.59% and 61.76%, respectively [12][14]. - In contrast, major brokerages like China Merchants Securities and GF Securities maintain payout ratios around 30%, with some even below 20% [12][14]. Group 4: Future Dividend Planning - More than ten brokerages have established three-year shareholder return plans for 2024-2026, indicating a strategic focus on long-term shareholder value [9][10]. - The upcoming half-year reports, typically released in late August, are expected to coincide with the announcement of mid-term dividend plans, potentially increasing the number of brokerages disclosing such plans [9][10].

Summary of Key Points from Conference Call Records Industry Overview Robotics Industry - The robotics industry is expanding its applications into manufacturing, commercial, and service sectors, driven by AI large models, although efficiency and accuracy still need improvement [1][2] - Significant hardware advancements in dexterous hands have been noted, but data and software remain bottlenecks, with physical data collection being a Chinese advantage [1][4] - Policy support is accelerating the development of the robotics industry, with a focus on technologies such as gear reducers, sensors, and new materials, as well as the profitability of related supply chain companies [1][6] Automotive Industry - The automotive industry is experiencing limited effects from anti-involution measures, with price increases being a passive adjustment rather than a demand-driven change [1][8] - Desay SV's performance in smart cockpit and intelligent driving solutions is highlighted, with a 30% year-on-year revenue growth and a 41% profit increase [1][9] - The development of humanoid robots presents new opportunities for automotive parts companies [1][9] Financial Sector - Chinese household financial assets maintained a 12% growth rate, primarily benefiting from rising equity values, with insurance products growing faster than other financial assets [1][10] - The institutionalization trend is driving market growth, with insurance and growth-oriented banking sectors showing investment potential [1][11] - The securities industry is entering an early recovery phase after a tightening cycle, with regulatory easing and increased trading volumes being key variables [1][12][13] Lithium Industry - The lithium industry is facing complexities due to the requirement for resource verification reports, leading to increased expectations of supply shortages [1][21] - Market sentiment is cautious, with predictions of tight supply in September but an overall slight surplus for the year [1][21][22] Steel and Cement Industries - The steel industry is expected to reduce production by 10 to 20 million tons by the end of the year, with profitability fluctuating due to rising raw material costs [1][24] - The cement industry has undergone a significant capacity reduction, with effective capacity dropping from 21-22 billion tons to 16 billion tons, leading to price increases as the peak season approaches [1][25][26] Core Insights and Arguments - The robotics industry is in an early stage but is rapidly exploring various applications, with a focus on ecological cooperation and international market expansion [1][5][7] - The automotive sector's price adjustments are not indicative of improved demand, and long-term capacity clearing remains challenging due to local government interests [1][8][9] - The financial sector's growth is supported by a shift towards institutional investments, particularly in insurance and high-dividend assets, which bolster stock market stability [1][10][11] - The securities industry is benefiting from regulatory changes and increased trading activity, with a focus on differentiated advantages in institutional and derivative businesses [1][12][14] Additional Important Content - The robotics industry is expected to see more supportive policies nationwide, which will facilitate the commercial rollout of wheel-type and composite robots [1][7] - The automotive industry's smart technology advancements are creating new market opportunities, particularly for companies involved in intelligent cockpit solutions [1][9] - The lithium market's volatility is influenced by regulatory requirements and market speculation, necessitating close monitoring of supply dynamics [1][21][22] - The cement industry's proactive pricing strategies indicate a shift towards a more favorable market environment as demand increases [1][25][26]

Core Insights - The article presents the rankings of analysts and research teams across various sectors as part of the 23rd New Fortune Best Analyst Awards, highlighting the performance of different securities firms in macroeconomic, strategy, fixed income, and sector-specific research [1][2][3]. Macroeconomic Research - The top firms in macroeconomic research include: - Guangfa Securities ranked 1st - Huachuang Securities ranked 2nd - Changjiang Securities ranked 3rd [1]. Strategy Research - In strategy research, the rankings are as follows: - Guangfa Securities ranked 1st - Xingye Securities ranked 2nd - Shenwan Hongyuan Securities ranked 3rd [2]. Fixed Income Research - The leading firms in fixed income research are: - Shenwan Hongyuan Securities ranked 1st - Xingye Securities ranked 2nd - Huatai Securities ranked 3rd [3]. Sector-Specific Research - The rankings for various sectors are detailed, with notable mentions including: - Real Estate: Changjiang Securities ranked 1st, Shenwan Hongyuan Securities 2nd, Xingye Securities 3rd [6]. - Food and Beverage: Changjiang Securities ranked 1st, Guangfa Securities 2nd, Huachuang Securities 3rd [7]. - Pharmaceuticals: Xingye Securities ranked 1st, Huachuang Securities 2nd, Tianfeng Securities 3rd [8]. - New Energy and Power Equipment: Changjiang Securities ranked 1st, Dongwu Securities 2nd, Tianfeng Securities 3rd [17]. Overall Rankings - The overall performance of securities firms is summarized, with Guangfa Securities frequently appearing at the top across multiple categories, indicating a strong reputation in the industry [4][5][6].

广发证券股份有限公司 关于江苏泰慕士针纺科技股份有限公司 详式权益变动报告书 之 财务顾问核查意见 声 明 本部分所述词语或简称与本核查意见"释义"所述词语或简称具有相同含 义。 根据《中华人民共和国公司法》《中华人民共和国证券法》《上市公司收 购管理办法》《公开发行证券的公司信息披露内容与格式准则第15号——权益 变动报告书》《公开发行证券的公司信息披露内容与格式准则第16号——上市 公司收购报告书》等法律法规及规范性文件的有关规定，广发证券股份有限公 司按照行业公认的业务标准、道德规范，本着诚实信用和勤勉尽责的原则，对 信息披露义务人出具的《详式权益变动报告书》所披露的内容出具核查意见。 本财务顾问特作如下声明： 关系，亦未委托或授权其他任何机构或个人提供未在本核查意见中列载的信息 和对本核查意见做任何解释或者说明。 做出承诺，保证其所提供的信息和文件真实、准确、完整，不存在任何重大遗 漏、虚假记载或误导性陈述，并对其真实性、准确性、完整性负责。 《详式权益变动报告书》进行了核查，确信披露文件内容与格式符合规定，有 充分理由确信所发表的专业意见与信息披露义务人所披露文件的内容不存在实 质性差异。 格的保密 ...