此乃要件 請即處理 閣下如對本通函的任何方面或應採取的行動有任何疑問，應諮詢 閣下的股票經紀或其他註冊證券交易 商、銀行經理、律師、專業會計師或其他專業顧問。 閣下如已將名下全部國泰海通證券股份有限公司的股份售出或轉讓，應立即將本通函及隨附的代表委任表 格交予買方或承讓人，或送交經手買賣或轉讓的銀行、持牌證券商或其他代理商，以便轉交買方或承讓 人。 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通函的內容概不負責，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通函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。 國泰海通證券股份有限公司 Guotai Haitong Securities Co., Ltd. （於中華人民共和國註冊成立的股份有限公司） （股份代碼：02611） 持續關連交易 及 2025年度第二次臨時股東會通告 獨立董事委員會及獨立股東的獨立財務顧問 本公司謹訂於2025年12月29日（星期一）下午二時正假座中國上海市靜安區南京西路768號405室舉行臨時 股東會，臨時股東會通告載於本通函第EGM-1至EGM-2頁。 不論 閣下能否出席臨時股東會，務請 ...

1. Report Title and Date - The report is titled "Stock Index Futures Data Daily Report" and dated December 4, 2025 [1][2] 2. Overall Market Performance Summary IM Contracts - The main IM contract rose 0.33% to close at 7,213.4 points. The total trading volume of the four IM contracts was 172,057 lots, down 5,429 lots from the previous day, and the total open interest was 357,216 lots, down 13,768 lots [4][5] IF Contracts - The main IF contract rose 0.32% to close at 4,530.6 points. The total trading volume of the four IF contracts was 92,574 lots, down 5,184 lots from the previous day, and the total open interest was 261,904 lots, down 3,942 lots [24][25] IC Contracts - The main IC contract rose 0.55% to close at 6,983.2 points. The total trading volume of the four IC contracts was 99,796 lots, down 2,272 lots from the previous day, and the total open interest was 244,189 lots, down 8,576 lots [43][44] IH Contracts - The main IH contract rose 0.34% to close at 2,968.2 points. The total trading volume of the four IH contracts was 39,273 lots, down 44 lots from the previous day, and the total open interest was 87,594 lots, down 3,020 lots [59] 3. Specific Contract Data IM Contracts | Contract | Closing Price | Change | Trading Volume | Volume Change | Turnover | Turnover Change | Open Interest | Interest Change | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | CSI 1000 | 7,248.66 | 0.01% | 19,484 | -9% | 3,113 billion | -7% | - | - | | IM2512 | 7,213.40 | 0.39% | 116,454 | -2% | 1,674 billion | -2% | 181,088 | -11,986 | | IM2601 | 7,137.20 | 0.33% | 7,618 | 5% | 108 billion | 5% | 17,229 | 1,137 | | IM2603 | 6,987.80 | 0.38% | 35,706 | -4% | 497 billion | -4% | 102,333 | -1,707 | | IM2606 | 6,748.20 | 0.41% | 12,279 | -15% | 165 billion | -15% | 56,566 | -1,212 | [4] IF Contracts | Contract | Closing Price | Change | Trading Volume | Volume Change | Turnover | Turnover Change | Open Interest | Interest Change | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | SSE 300 | 4,546.57 | 0.34% | 14,720 | -13% | 3,488 billion | -7% | - | - | | IF2512 | 4,530.60 | 0.38% | 63,708 | -6% | 865 billion | -6% | 136,475 | -5,723 | | IF2601 | 4,512.20 | 0.32% | 3,708 | 0% | 5 billion | 0% | 8,471 | 505 | | IF2603 | 4,492.20 | 0.34% | 20,155 | -5% | 271 billion | -5% | 90,771 | 851 | | IF2606 | 4,441.60 | 0.27% | 5,003 | 0% | 67 billion | 0% | 26,187 | 425 | [24] IC Contracts | Contract | Closing Price | Change | Trading Volume | Volume Change | Turnover | Turnover Change | Open Interest | Interest Change | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | CSI 500 | 7,012.81 | 0.24% | 14,104 | -11% | 2,399 billion | -5% | - | - | | IC2512 | 6,983.20 | 0.61% | 64,721 | -4% | 901 billion | -4% | 123,278 | -10,513 | | IC2601 | 6,926.20 | 0.55% | 4,034 | 7% | 56 billion | 7% | 11,229 | 789 | | IC2603 | 6,812.20 | 0.59% | 23,747 | 0% | 323 billion | 0% | 76,774 | 1,096 | | IC2606 | 6,605.00 | 0.59% | 7,294 | 0% | 96 billion | 0% | 32,908 | 52 | [43] IH Contracts | Contract | Closing Price | Change | Trading Volume | Volume Change | Turnover | Turnover Change | Open Interest | Interest Change | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | SSE 50 | 2,974.34 | 0.38% | 3,628 | -6% | 886 billion | 4% | - | - | | IH2512 | 2,968.20 | 0.44% | 27,688 | 0% | 246 billion | 0% | 53,262 | -2,692 | | IH2601 | 2,959.80 | 0.34% | 1,268 | 25% | 11 billion | 25% | 2,694 | 228 | | IH2603 | 2,958.60 | 0.37% | 8,640 | 3% | 77 billion | 3% | 23,841 | -354 | | IH2606 | 2,943.80 | 0.36% | 1,677 | -29% | 15 billion | -29% | 7,797 | -202 | [59] 4. Basis and Annualized Basis Rate IM Contracts - The main IM contract was at a discount of 35.26 points, up 17.61 points from the previous day, with an annualized basis rate of -11.15% [5] IF Contracts - The main IF contract was at a discount of 15.97 points, down 3.12 points from the previous day, with an annualized basis rate of -8.04% [25] IC Contracts - The main IC contract was at a discount of 29.61 points, up 16.35 points from the previous day, with an annualized basis rate of -9.67% [44] IH Contracts - The main IH contract was at a discount of 6.14 points, down 1.46 points from the previous day, with an annualized basis rate of -4.72% [60] 5. Main Seats' Data IM2512 - For trading volume, the top five seats were CITIC Futures (on behalf of clients) with 14,784 lots, up 321 lots; Guotai Junan (on behalf of clients) with 11,474 lots, down 625 lots; Haitong Futures (on behalf of clients) with 5,779 lots, down 200 lots; Guoxin Futures (on behalf of clients) with 3,280 lots, down 59 lots; and Dongzheng Futures (on behalf of clients) with 3,042 lots, up 104 lots [19] - For long positions, the top five seats were Guotai Junan (on behalf of clients) with 15,520 lots, down 637 lots; CITIC Futures (on behalf of clients) with 10,314 lots, down 492 lots; Yide Futures (on behalf of clients) with 5,060 lots, up 9 lots; Haitong Futures (on behalf of clients) with 4,679 lots, down 376 lots; and Guotou Futures (on behalf of clients) with 4,084 lots, up 108 lots [19] - For short positions, the top five seats were CITIC Futures (on behalf of clients) with 20,445 lots, up 192 lots; Guotai Junan (on behalf of clients) with 15,590 lots, down 735 lots; Huatai Futures (on behalf of clients) with 5,813 lots, down 103 lots; Guoxin Futures (on behalf of clients) with 4,184 lots, down 164 lots; and Haitong Futures (on behalf of clients) with 4,118 lots, down 603 lots [19] Other Contracts - Similar data is provided for other contracts such as IF, IC, and IH in relevant sections of the report [38][54][76]

证券代码：601211 证券简称：国泰海通 公告编号：2025-105 国泰海通证券股份有限公司 关于召开2025年第二次临时股东会的通知 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： 股东会召开日期：2025年12月29日 本次股东会采用的网络投票系统：上海证券交易所股东会网络投票系统 一、 召开会议的基本情况 (一) 股东会类型和届次 2025年第二次临时股东会 (二) 股东会召集人：董事会 (三) 投票方式：本次股东会所采用的表决方式是现场投票和网络投票相 结合的方式 (四) 现场会议召开的日期、时间和地点 召开的日期时间：2025 年 12 月 29 日 14 点 00 分 召开地点：上海市南京西路 768 号 405 室 (五) 网络投票的系统、起止日期和投票时间。 网络投票系统：上海证券交易所股东会网络投票系统 网络投票起止时间：自2025 年 12 月 29 日 至2025 年 12 月 29 日 采用上海证券交易所网络投票系统，通过交易系统投票平台的投票时间为股 1 东会召开当日的交易时间段， ...

2025 年第二次临时股东会会议资料 国泰海通证券股份有限公司 2025 年第二次临时股东会会议资料 1 2025 年第二次临时股东会会议资料 国泰海通证券股份有限公司 2025 年第二次临时股东会会议议程 现场会议时间：2025 年 12 月 29 日 14 时 00 分 2 现场会议地点：上海市南京西路 768 号 405 室 召集人：国泰海通证券股份有限公司董事会 主持人：朱健董事长 一、 主持人宣布会议开始 二、 宣布股东会现场出席情况 三、 审议股东会议案 四、 股东发言及提问 五、 推选监票人和计票人 六、 股东投票表决 七、 休会（汇总统计现场投票情况和网络投票情况） 八、 宣布会议表决结果 九、 会议结束 2025 年第二次临时股东会会议资料 国泰海通证券股份有限公司 2025 年第二次临时股东会会议须知 为维护全体股东的合法权益，确保股东会的正常秩序和议事效率，保证会 议的顺利召开，根据《公司法》《上市公司股东会规则》及公司《章程》《股 东会议事规则》和《香港联合交易所有限公司证券上市规则》等规定，特制定 本须知。 一、为保证股东会的严肃性和正常秩序，除参加会议的股东及股东代理人 （以下统称 ...

Core Viewpoint - The company, ShenGong Co., Ltd. (688233.SH), announced a strategic partnership to establish a venture capital fund with several investment firms, aiming to enhance its business development and sustainable growth in the semiconductor industry [1] Group 1: Strategic Partnership - ShenGong Co., Ltd. plans to collaborate with Guotai Junan Innovation Investment Co., Ltd., Jiangcheng Industrial Investment Fund (Wuhan) Co., Ltd., and Hubei Guoxin Industrial Investment Management Co., Ltd. to set up a venture capital fund [1] - The total scale of the fund is expected to be no less than 200 million RMB [1] - ShenGong Co., Ltd. intends to contribute 60 million RMB as a limited partner, representing a 30% stake in the fund [1] Group 2: Investment Focus - The primary investment focus of the fund will be on key equipment, components, and materials required for wafer manufacturing [1] - This investment direction aligns with the company's industry and strategic planning, facilitating the integration of industrial resources [1] - The collaboration is expected to leverage the expertise and resource advantages of professional institutions to identify high-quality projects that are synergistic with the company's business direction [1]

本次与专业机构共同投资设立产业基金主要投资方向为晶圆制造需要的关键设备、零部件、材料等方 向，与公司所处行业和战略规划契合，有利于公司借助专业机构的资源优势及投资管理经验，挖掘与公 司业务方向具有协同性的优质项目，加速产业资源整合，推动公司的产业生态布局和业务发展，提升公 司可持续发展能力。 智通财经APP讯，神工股份(688233.SH)发布公告，公司拟与国泰君安创新投资有限公司(以下简称"国泰 君安创新投资")、江城产业投资基金(武汉)有限公司(以下简称"江城基金")、湖北国芯产业投资管理有限 责任公司(以下简称"国芯投资")开展战略合作，共同设立"江城国泰海通神工(武汉)创业投资基金合伙企 业(有限合伙)" (暂定，最终以市场监督管理局核准名称为准，以下简称"产业基金"或 "合伙企业")，执 行事务合伙人、基金管理人为国泰君安创新投资，总规模不低于2亿元。其中，神工股份拟作为有限合 伙人认缴出资，预计认缴出资额为人民币6,000万元，认缴出资额拟分期实缴到位，预计认缴出资比例 为30%。 ...

Core Viewpoint - Cathay Securities maintains a "Buy" rating for Yixin Group (02858) with a target price of HKD 3.91, based on a 20x P/E for 2025, driven by strong performance in the used car and SaaS businesses [1] Group 1: Business Performance - The company is expected to achieve revenue of CNY 115.99 billion, CNY 129.40 billion, and CNY 144.39 billion for 2025-2027, representing year-on-year growth of 17%, 12%, and 12% respectively [1] - Net profit is projected to be CNY 11.86 billion, CNY 14.59 billion, and CNY 18.16 billion for the same period, with growth rates of 46%, 23%, and 24% respectively [1] Group 2: Financing and SaaS Growth - In Q3 2025, the company facilitated 235,000 auto financing transactions, a year-on-year increase of 22.6%, with a total financing amount of CNY 21.2 billion [2] - The used car credit segment saw a significant year-on-year growth of 51.3%, reaching CNY 12.1 billion, with its share increasing to 56.9% [2] - The SaaS business contributed CNY 11.4 billion in financing in Q3 2025, marking a 102% year-on-year increase, and its contribution to total financing rose to 53.7% [2] Group 3: Future Outlook and AI Integration - The company is expected to see continued improvement in performance in the second half of the year, with a focus on light asset transformation and potential dividends [3] - The rollout of AI products, including "X Call," is progressing, aiming to enhance efficiency in credit application processes and customer interactions by the end of 2025 [3]

智通财经APP获悉，国泰海通发布研报称，考虑公司较快的业绩增速，给予易鑫集团(02858)2025年 20xP/E(按照1港元=0.92元人民币换算)，对应目标价3.91港元，对应2025年20xP/E，给予"增持"评级。 公司二手车及SaaS业务高增，该行维持2025-2027年营收为115.99/129.40/144.39亿元，同比增长 17%/12%/12%，净利润为11.86/14.59/18.16亿元，同比增长46%/23%/24%的预测，未来的催化剂包括汽 车金融市场快速增长和资金成本继续下行。 国泰海通主要观点如下： 二手车融资保持高增，SaaS业务继续加速 参考三季度运营数据，该行预计公司下半年业绩有望继续改善，预计下半年业绩将好于上半年;公司业 绩持续增长且轻资产转型，未来分红值得期待。AI方面，2025年第三季度稳步推进AI产品"X Call"。预 计到2025年底前，将完成融资前期代理化布局(包括"X Call"及其他AI产品)。这些AI产品落地后，将大 幅提升信贷申请环节中线上营销、文件处理、客户管理的效率，同时通过即时通讯、智能语音的高度自 动化互动，优化客户转化效率与体验。 2)2 ...

Core Insights - The report emphasizes the recovery of the securities industry in 2025, with a significant increase in profits driven by self-operated businesses, and anticipates continued growth in 2026 due to favorable policies and market conditions [6][15][26]. Section Summaries 1. 2025 Review: Recovery Begins - The securities industry saw a substantial improvement in profitability, with 43 listed brokers achieving a net profit of CNY 1,692.54 billion in the first three quarters of 2025, a year-on-year increase of 63.44% [15]. - The overall revenue for the same period reached CNY 4,216.23 billion, reflecting a 12.85% increase year-on-year [15]. - The recovery is supported by strong performance in brokerage and proprietary trading, with brokerage net income rising by 68% [18]. 2. Incremental Catalysts Expected, Performance Continues to Improve - The "14th Five-Year Plan" outlines a strategic direction for high-quality development in the financial sector, emphasizing the importance of a robust capital market [33]. - There is significant potential for increased market participation from institutional investors and retail investors, as the wealth effect from the capital market is expected to drive demand expansion [44][48]. 3. Comprehensive Performance Recovery, Growth Potential in Light Asset Businesses - The wealth management sector is recovering, with public funds showing high-quality development and increased market activity [18]. - Investment banking activities are also rebounding, particularly in the dual innovation sector, with IPOs and underwriting volumes expected to rise [18]. 4. Industry Structure Optimization: Building a First-Class Investment Bank - The report highlights the acceleration of mergers among leading brokers and the internationalization of Chinese brokers as key strategies for building a first-class investment bank [6][39]. - The integration of mergers and international expansion is seen as crucial for enhancing the competitive landscape of the industry [6][39]. 5. Profit Forecast: Continued ROE Improvement in 2026 - The report predicts that the return on equity (ROE) for the industry will continue to improve, with a projected net profit growth of 13% year-on-year under neutral assumptions for 2026 [6][39]. 6. Investment Recommendations: Focus on Structural Optimization and Alpha Catalysts - Investors are advised to pay attention to brokers benefiting from structural optimization and the recovery of wealth management, such as China International Capital Corporation, Huatai Securities, and CITIC Securities [6][39].

| 分级基金简称 | 代码 | 基准日基金净值 (元) | | 分红方案 (元/10份) | | --- | --- | --- | --- | --- | | 国泰海通安润90天持 有期中短债债券A | 025590 | | 1.14 | 0.35 | | 国泰海通安润90天持 有期中短债债券C | 025591 | | 1.13 | 0.35 | 证券之星消息，12月4日发布《国泰海通安润90天持有期中短债债券型证券投资基金分红公告》。2025 年第一次分红。公告显示，本次分红的收益分配基准日为11月11日，详细分红方案如下： 以上内容为证券之星据公开信息整理，由AI算法生成（网信算备310104345710301240019号），不构成 投资建议。 本次分红对象为权益登记日登记在册的本基金所有份额持有人，权益登记日为12月8日，现金红利发放 日为12月10日。选择红利再投资方式的投资者所转换的基金份额将以2025年12月8日基金份额净值为计 算基准确定再投资份额，红利再投资所转换的基金份额将于2025年12月9日直接划入其基金账户，2025 年12月10日起投资者可以查询。根据财政部、国家税务总局的财税 ...