Core Insights - Financial technology is becoming a significant driving force for the development of the securities industry, leading to profound changes in competition and service models as the industry accelerates into the digital age [1][4] - A total of 19 listed securities firms have disclosed their information technology investment plans for 2024, with a combined investment exceeding 17.5 billion yuan, and 14 firms reporting year-on-year growth in their IT investments [2][3] Investment Overview - As of March 31, 2024, 21 listed securities firms have released their annual reports, with 19 disclosing their IT investment, totaling 17.54 billion yuan, averaging over 170 million yuan per firm [2] - Leading firms dominate IT investments, with 8 firms investing over 1 billion yuan each, including Huatai Securities at 2.448 billion yuan and Guotai Junan at 2.2 billion yuan, showing a year-on-year increase of 1.8% [2][3] Growth Rates - The firms with the highest year-on-year growth in IT investment for 2024 are Everbright Securities (20.92%), Hongta Securities (13.76%), and Nanjing Securities (11.39%) [3] - Other firms like Shenwan Hongyuan and China Galaxy also reported growth rates of 9.17% and 7.09%, respectively [3] Technological Empowerment - The digital transformation in the securities industry is accelerating, with firms leveraging big data, AI, and blockchain technologies to innovate business models and enhance service capabilities [4] - Leading firms are adopting comprehensive strategies to enhance their technological strength, while smaller firms focus on specific business areas to reduce service costs and expand coverage [4] AI Integration - The development of AI models presents new opportunities for service enhancement, particularly for smaller firms, with many announcing the integration of AI technologies like DeepSeek to improve operational efficiency [5] - Companies like Northeast Securities and Great Wall Securities are deploying AI solutions in various business scenarios, enhancing compliance consulting and investment advisory services [5]

| | | | 2 | 华泰联合 | 3 | | --- | --- | --- | | 2 | 中信证券 广司 | TITU 3 | | 4 | 、东兴证券TONWOOD TREE | | | 4 | 申万宏源 | 2 | | 4 | 中信建投 | 2 | | 7 | 华安证券 | 1 | | 7 | 广发证券 | 1 | | 7 | 国元证券 | 1 | | 7 | 平安证券 | 1 | | 7 | 申港证券 | 1 | | | 天风证券 | 1 | | 7 | 招商证券 | 1 | | 76 | 中金公司 | FOT 1 . | | 1 | 中国银河TONW( | on TREE | | 7 | 中泰证券 | 1 | | 7 | 中银国际 | 1 | | | 信计 | 27 | 二、律师事务所业绩排名 2025年1-3月，共有16家律师事务所为这27家新上市公司IPO提供了法律服务。 文/梧桐数据中心 随着3月28日开发科技（920029）在北交所上市，2025年1-3月A股合计新上市公司27家，其中沪市主板4家、科创板5家、深市主板3家、创业板12家、北交所3家。 相较去年同期的30家，同比下降10% ...

Investment Rating - The report maintains a positive investment rating for the non-bank sector, particularly focusing on insurance and brokerage firms [6]. Core Insights - The report highlights a significant rebound in net profits for major listed insurance companies in 2024, driven by a recovery in equity investments, with notable profit growth percentages for companies like China Life (+108.9%) and New China Life (+201.1%) [2]. - The report emphasizes the importance of investment flexibility and the positive transformation of the liability side for insurance companies, suggesting a favorable outlook for the sector [2]. - The brokerage sector shows a mixed performance in 2024, with a general trend of recovery, although results vary significantly among firms [4][5]. Summary by Sections Market Review - The report notes mixed performance in major indices, with the non-bank financial sector showing resilience, particularly in insurance and diversified financial indices [10]. Securities Sector - The brokerage firms reported a total net profit of 517 billion yuan for the year, reflecting an 11% increase for those that disclosed early, while others showed a 15% increase [4]. - The report indicates a strong recovery in net profits for the fourth quarter of 2024, with a 97% year-on-year increase [5]. Insurance Sector - Major insurance companies are expected to see substantial growth in net profit, with New China Life projected to grow by 201.1% in 2024 [2]. - The report highlights a positive trend in the net premium income (NBV) growth for major insurers, with New China Life showing a remarkable increase of 106.8% [2]. Investment Recommendations - The report suggests focusing on companies like New China Life and China Pacific Insurance, while also keeping an eye on China Life and Ping An Insurance due to their favorable valuations and growth potential [2][6].

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之內容概不負責，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 該等內容而引致之任何損失承擔任何責任。 國泰君安証券股份有限公司 Guotai Junan Securities Co., Ltd. （於中華人民共和國註冊成立的股份有限公司） （股份代號：02611） 海外監管公告 本公告乃由國泰君安証券股份有限公司（「本公司」）根據香港聯合交易所有限公司 證券上市規則第13.10B條作出。 茲載列本公司於上海證券交易所網站發佈的以下公告，僅供參閱。 承董事會命 國泰君安証券股份有限公司 朱健 董事長 中國上海 2025年3月28日 截至本公告日期，本公司的執行董事為朱健先生以及李俊傑先生；本公司的非執 行董事為劉信義先生、管蔚女士、鐘茂軍先生、陳華先生、孫明輝先生、張滿華 先生、王韜先生以及陳一江先生；及本公司的獨立非執行董事為丁瑋先生、李仁 傑先生、白維先生、王國剛先生、嚴志雄先生以及浦永灝先生。 1、 國泰君安証券股份有限公司第六屆董事會第十六次會議決議公告； 2、 國泰君安証券股份有限公司第六屆監事會 ...

2024 環境、社會及管治報告 國泰君安証券股份有限公司 年度 目錄 CONTENT 董事會可持續發展聲明 01 01 | 02 | 報告編制說明 | 03 | | --- | --- | --- | | | 2.1 報告範圍 | 03 | | | 2.2 編制依據 | 03 | | | 2.3 數據說明 | 04 | | | 2.4 彙報原則 | 04 | | | 2.5 獲取方式 | 04 | | 04 | ESG 管理體系 | 23 | | --- | --- | --- | | | 4.1 ESG 治理架構 | 24 | | | 4.2 ESG 戰略規劃 | 26 | | | 4.3 ESG 管理措施 | 28 | | | 4.4 ESG 理念推廣 | 29 | | 03 | 可持續發展概況 | 05 | | --- | --- | --- | | | 3.1 關於國泰君安 | 06 | | 3.2 持份者溝通 | 08 | | --- | --- | | 3.3 重要性議題分析 | 09 | | 3.4 可持續發展績效概覽 | 14 | | 3.5 ESG 評級獎項 | 21 | | 05 | 可持 ...

EF001 免責聲明 | 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 | | | --- | --- | | 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。 | | | 股票發行人現金股息公告 | | | 發行人名稱 | 國泰君安証券股份有限公司 | | 股份代號 | 02611 | | 多櫃檯股份代號及貨幣 | 不適用 | | 相關股份代號及名稱 | 不適用 | | 公告標題 建議截至二零二四年十二月三十一日止之末期股息 | | | 公告日期 | 2025年3月28日 | | 公告狀態 | 新公告 | | 股息信息 | | | 股息類型 | 末期 | | 股息性質 | 普通股息 | | 財政年末 | 2024年12月31日 | | 宣派股息的報告期末 | 2024年12月31日 | | 宣派股息 | 每 10 股 2.8 RMB | | 股東批准日期 | 有待公佈 | | 香港過戶登記處相關信息 | | | 派息金額及公司預設派發貨幣 | 有待公佈 | | 匯率 | 有待公佈 | | 除淨日 | ...

Financial Performance - The consolidated operating revenue for 2024 was CNY 43.397 billion, representing a year-on-year growth of 20.08%[12]. - The net profit attributable to the parent company was CNY 13.024 billion, with a year-on-year increase of 38.94%, while the net profit excluding non-recurring gains and losses was CNY 12.440 billion, up 42.70% year-on-year[12]. - The return on equity (ROE) was 8.14%, an increase of 2.12 percentage points compared to the previous year[12]. - Total revenue and other income for 2024 reached RMB 61,757,078, an increase of 18.07% compared to RMB 52,303,831 in 2023[48]. - Operating profit for 2024 was RMB 16,356,424, reflecting a significant growth of 38.99% from RMB 11,768,452 in 2023[48]. - Basic earnings per share for 2024 were RMB 1.39, a 41.84% increase from RMB 0.98 in 2023[50]. - Net profit attributable to equity holders for 2024 was ¥13.02 billion, up 38.4% from ¥9.37 billion in 2023[56]. - The total revenue of Guotai Junan International reached 4.42 billion HKD, a year-on-year increase of 37.4% from 3.22 billion HKD[120]. Asset and Liability Management - As of December 31, 2024, the company's total consolidated assets reached CNY 1,047.745 billion, an increase of 13.22% compared to the previous year[12]. - Total liabilities increased to RMB 870,271,715, representing a 15.72% rise from RMB 752,024,474 in 2023[49]. - The total equity increased to CNY 177.47 billion, representing a growth of 2.36% from the previous year[156]. - The total amount of borrowings and bond financing was CNY 191.225 billion, with short-term financing payables increasing by 145.15% to CNY 47.491 billion[165]. Investment and Capital Raising - The company raised over CNY 560 billion for more than 100 enterprises in Shanghai throughout the year, focusing on strategic investments and long-term value[13]. - The company completed the share swap and merger with Haitong Securities on March 14, 2025, enhancing its capital base[5]. - The company plans to raise CNY 10 billion through the issuance of 626,174,076 A-shares to state-owned enterprises as part of the merger[176]. Risk Management and Compliance - The company has established a dynamic risk control system to manage various operational risks, including market, credit, liquidity, operational, and reputational risks[8]. - The company has maintained a continuous AA-level classification by the China Securities Regulatory Commission for 17 consecutive years, demonstrating strong compliance and risk management[144]. Strategic Initiatives and Future Plans - The company aims to enhance its global asset allocation, trading investment, and value discovery capabilities to better serve the capital market and strengthen its competitiveness on a global scale[18]. - The company is committed to a high-quality development strategy that promotes sustainable growth, with revenue and net profit growth rates significantly exceeding asset scale growth[15]. - The company plans to implement a comprehensive incentive mechanism that balances material and spiritual incentives, focusing on performance and risk cost in assessments[15]. - The company is actively pursuing a share swap merger with Haitong Securities, issuing 5,985,871,332 A-shares and 2,113,932,668 H-shares, with a swap ratio of 0.62 shares for each share of Haitong Securities[176]. Customer Engagement and Service Development - The company emphasizes a customer-centric approach, aiming to break down silos and enhance collaboration to improve service capabilities[20]. - The company has established a service system for retail, institutional, and corporate clients, focusing on wealth management, investment banking, institutional trading, investment management, and international business[132]. Talent Development and Human Resources - The company is enhancing its talent development strategy, particularly for young and international talent, to support its strategic goals[16]. ESG and Sustainability - The MSCI ESG rating was upgraded to the highest level of AAA, reflecting the company's commitment to ESG principles and innovation in financial products and services[14]. - The company achieved a MSCI ESG rating upgrade to AAA, enhancing its green finance service capabilities[63].

Group 1 - Morgan Fund Management (China) Co., Ltd. has signed fund sales agency agreements with multiple institutions including Guotai Junan Securities, Haitong Securities, E-Hua Buy Fund Sales, and Lead Fund Sales to distribute the Morgan Dual Bond Enhanced Income Bond Fund Class D (Fund Code: 023813) [1] - Investors can conduct subscription, redemption, and regular investment through the aforementioned agencies, with specific procedures and timings determined by the agencies [1] - The announcement includes contact details for each agency for further inquiries [1] Group 2 - Morgan Fund Management (China) Co., Ltd. has added Hengtai Securities as a sales agency for the Morgan Dual Bond Enhanced Income Bond Fund (Class A Code: 000377; Class C Code: 000378; Class D Code: 023813) [3] - Investors can also perform subscription, redemption, and regular investment through Hengtai Securities, with specific procedures governed by Hengtai Securities [3][4] Group 3 - Starting from March 31, 2025, Morgan Fund Management (China) Co., Ltd. will lower the management and custody fees for certain funds and amend related legal documents [5] - The adjustments are made in accordance with relevant laws and fund contracts, and the changes will not adversely affect the interests of fund shareholders [5][6] - Updated fund contracts, custody agreements, and prospectuses will be published on the company's website and the China Securities Regulatory Commission's fund disclosure website [6]

近日，国泰君安吸收合并海通证券彻底落下帷幕，合并后公司采用新名称，即"国泰海通证券"。 二是，瑞银协助公司与监管机构、H股股东进行了大量的沟通工作，讲好合并后公司新的投资故事。两家公司在股 东表决的时候，在相关各个股东大会和类别股东会上都得到了99%以上记录性的高票通过的成果。 三是，瑞银作为证券同业，关于合并交易以及合并之后的整合事项，跟国泰君安、海通证券等分享见解。 在行业内，国泰君安证券和海通证券的合并重组，是新"国九条"实施以来头部券商合并重组的首单，也是目前中国 资本市场史上规模最大的A+H双边市场吸收合并、上市券商A+H最大的整合案例。 瑞银在此次合并案例中担任国泰君安的境外独家财务顾问，成为唯一一家参与了至今为止全部两单"A+H"股上市公 司之间换股吸收合并的投行，这背后有哪些挑战和关键难点，瑞银又是如何看待中国证券业合并浪潮趋势的？ 对此，证券时报·券商中国记者记者专访了瑞银全球投资银行部亚洲区副主席朱正芹，以及项目团队成员瑞银证券全 球投资银行部执行董事陈功。 ▲瑞银全球投资银行部亚洲区副主席 朱正芹 券商中国记者：本次交易中瑞银作为国泰君安的境外独家财务顾问，能否简要介绍一下瑞银在整个换股 ...

Core Viewpoint - The merger between Guotai Junan Securities Co., Ltd. and Haitong Securities Co., Ltd. will result in Guotai Junan inheriting all assets, liabilities, businesses, personnel, contracts, qualifications, and other rights and obligations of Haitong Securities from the effective date of the merger [1] Group 1 - Haitong Securities' legal rights and obligations from documents signed before the merger will be inherited by Guotai Junan [1] - Guotai Junan will complete the registration of its name change and will conduct business and management activities under the new name [1] - Guotai Junan will continue to provide custody and operational outsourcing services previously offered by Haitong Securities [1] Group 2 - All asset management products previously managed by Haitong Securities, including public funds and private asset management plans, will have their custodian changed to Guotai Junan from the effective date of the merger [1] - Guotai Junan will inherit all rights and obligations as the custodian for these products, ensuring seamless custody services [1] - Guotai Junan will also continue to provide professional and efficient fund services as the fund service institution under relevant agreements [1]