FF305 公司名稱： 東方證券股份有限公司 呈交日期： 2025年6月27日 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 | 第一章節 | | | | | | | | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 | 普通股 | 股份類別 A | | 於香港聯交所上市 | 否 | | | 證券代號 (如上市) | 600958 | 說明 | A股於上海證券交易所上市 | | | | | A. 已發行股份或庫存股份變動 | | | | | | | | | | 已發行股份（不包括庫存股份）變動 | | 庫存股份變動 | | | | 事件 | | 已發行股份（不包括庫存股份）數 目 | 佔有關事件前的現有已發 行股份（不包括庫存股 份）數目百分比 (註3) | 庫存股份數目 | 每股發行/出售價 (註4) | 已發行股份總數 | | ...

Group 1 - The People's Bank of China and other regulatory bodies issued guidelines to support consumption, which is expected to enhance the business environment for securities firms [1] - Citic Securities anticipates strong growth potential for the brokerage sector due to a favorable secondary market and a rapid recovery in the primary market [1] - The recent Lujiazui Forum introduced reforms for the Sci-Tech Innovation Board, which are expected to improve market activity and lay a foundation for brokerage performance with a trading volume of 1.5 trillion yuan [1] Group 2 - Citigroup's report indicates that the SFISF initiative has positively impacted the real estate market and consumption, with a low percentage of household assets allocated to stocks compared to the U.S. [2] - An increase of 1% in stock investment within household assets could lead to over 5 trillion yuan inflow into the stock market, highlighting the potential for significant capital reallocation [2] - The Shanghai Composite Index is projected to break the 3,500-point mark, benefiting Chinese brokerages as household assets shift towards equities [2] Group 3 - Key brokerage firms mentioned include CITIC Securities, China Galaxy, and Huatai Securities, among others, indicating a competitive landscape in the brokerage sector [3] - The report emphasizes the importance of selecting stocks based on low valuation, strong retail business, and potential benefits from the Hong Kong IPO market [2]

Group 1 - The core viewpoint of the news highlights the significant rise in the Southern Securities ETF (512900) and the strong performance of the China Securities Company Index, indicating a bullish trend in the securities market [1] - The approval of Guotai Junan Securities (Hong Kong) to provide virtual asset trading services marks a pivotal moment for traditional Chinese financial institutions to engage in the virtual asset market [1] - Hong Kong is positioning itself as a global hub for virtual assets, leveraging its mature financial infrastructure and international regulatory framework, which is expected to accelerate the development of the virtual asset industry [1] Group 2 - The current regulatory environment encourages consolidation within the securities industry, with mergers and acquisitions seen as effective means for brokers to achieve external growth and enhance overall industry competitiveness [2] - The Southern Securities ETF closely tracks the China Securities Company Index, which categorizes companies into various industry levels, providing a comprehensive analysis tool for investors [2] - The top ten weighted stocks in the index include major players such as CITIC Securities, Dongfang Wealth, and Guotai Haitong, reflecting the concentration of market power within a few key firms [2]

Core Viewpoint - The company, Shanghai Jinghua Adhesive New Materials Co., Ltd., is implementing a differentiated equity distribution plan, which includes a cash dividend of 0.09 yuan per share for shareholders, excluding shares repurchased by the company [1][2]. Group 1: Reasons for Differentiated Equity Distribution - The company has completed the repurchase of 1,882,800 shares using its own funds through centralized bidding, which will not participate in profit distribution [1][2]. - The cash dividend distribution is based on the total share capital minus the repurchased shares, resulting in a total cash dividend of 25,903,463.49 yuan (including tax) [2]. Group 2: Specific Calculation Basis for Differentiated Equity Distribution - The company calculated the ex-rights and ex-dividend reference price using the formula: Ex-rights (dividend) reference price = (Previous closing price - Cash dividend) ÷ (1 + Change in circulating shares ratio) [2]. - The virtual cash dividend was calculated as 0.0894 yuan per share based on the total participating shares [2]. - The actual cash dividend distributed is confirmed to be 0.09 yuan per share, with the ex-rights reference price calculated as 16.04 yuan per share [2]. Group 3: Compliance with Relevant Conditions - The impact of the differentiated dividend on the ex-rights reference price is less than 1%, indicating minimal effect on the share price [3]. - The company has committed not to undertake actions that could alter the total share capital or the number of shares in the repurchase account during the application and implementation of this equity distribution [3]. Group 4: Sponsor Institution's Review Opinion - The sponsor institution has reviewed the differentiated dividend matter and found it compliant with relevant laws and regulations, confirming that it does not harm the interests of the company or its shareholders [4].

Core Viewpoint - Ningbo Jintian Copper (Group) Co., Ltd. has successfully issued convertible bonds to raise funds for its operations and projects, reflecting its ongoing growth and strategic initiatives in the copper and rare earth permanent magnet materials sectors [1][2][3]. Section 1: Bond Issuance Details - The company issued 14.5 million convertible bonds at a face value of 100 RMB each, raising a total of 1.45 billion RMB [3][4]. - The bonds were approved by the China Securities Regulatory Commission and began trading on the Shanghai Stock Exchange on August 28, 2023 [3][4]. - The bond issuance was part of a broader strategy to adapt to regulatory changes and market conditions [2][3]. Section 2: Financial Performance - For the fiscal year 2024, the company reported a revenue of 124.16 billion RMB, a 12.36% increase from the previous year [12]. - The net profit attributable to shareholders decreased by 10.14% to 338.60 million RMB, indicating challenges in maintaining profitability [12][13]. - The total assets of the company increased by 18.19% year-on-year, reaching approximately 25.80 billion RMB [12]. Section 3: Use of Proceeds - The funds raised from the bond issuance are intended for various projects, including a new precision copper pipe production project in Thailand, which has replaced a previously planned project [14][15]. - As of December 31, 2024, the company had invested approximately 692.11 million RMB from the raised funds, with a remaining balance of 754.03 million RMB [13][16]. - The company has established strict management protocols for the use of the raised funds to ensure compliance and protect investor interests [13][16]. Section 4: Company Overview - Ningbo Jintian Copper has been in the non-ferrous metal processing industry for 39 years, focusing on copper products and rare earth permanent magnet materials [12]. - The company aims to become a world-class base for copper products and advanced materials, supporting modern industrial development [12].

证券代码：000670 证券简称：盈方微 公告编号：2025-036 盈方微电子股份有限公司 股东东方证券股份有限公司保证向本公司提供的信息内容真实、准确、完整， 没有虚假记载、误导性陈述或重大遗漏。 本公司及董事会全体成员保证公告内容与信息披露义务人提供的信息一致。 盈方微电子股份有限公司（以下简称"公司"或"盈方微"）于 2025 年 5 月 28 日披露了《关于持股 5%以上股东减持股份预披露公告》（公告编号：2025-032）， 公司持股 5%以上股东东方证券股份有限公司（以下简称"东方证券"）计划以集中 竞价、大宗交易方式减持公司股份，减持股份数量上限不超过公司总股本的 3%。 其中，通过集中竞价交易减持股份的，合计不超过公司总股本的 1%；通过大宗交 易方式减持股份的，合计不超过公司总股本的 2%。 公司于近日收到东方证券出具的《关于权益变动持股比例触及 1%刻度的告 知函》，东方证券于 2025 年 6 月 20 日以二级市场集中竞价交易方式减持公司股 份 1,743,000 股，合计减持公司股份 1,743,000 股，持股比例从 6.2076%减少至 信息披露义务人 东方证券股份有限公司 住 ...

证券代码：605319 证券简称：无锡振华 公告编号：2025-034 无锡市振华汽车部件股份有限公司 保荐人（主承销商）：东方证券股份有限公司 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： 无锡市振华汽车部件股份有限公司（以下简称"发行人"或"公司"）向不 特定对象发行可转换公司债券（以下简称"可转债"）已获得中国证券监督管理 委员会证监许可〔2025〕995 号文同意注册。东方证券股份有限公司（以下简称"东 方证券""主承销商"或"保荐人（主承销商）"）为本次发行的保荐人（主承 销商）。本次发行的可转债简称为"锡振转债"，债券代码为"111022"。 | 类别 | 认购数量（手） | | 放弃认购数量（手） | | | --- | --- | --- | --- | --- | | 原股东 | 448,228 | | 0 | | | 网上社会公众投资者 | | 70,505 | | 1,267 | | 网下机构投资者 | | - | | - | | 主承销商包销数量 | | | | | | （放弃认购总数 ...

Core Viewpoint - The article highlights that Dongfang Securities, with its chief investment advisor "Screw", has won the prestigious "Golden Bull Award" for three consecutive years, emphasizing the importance of investment advisory in the fund industry [1][5]. Group 1: Award Recognition - The "Golden Bull Award" is recognized as one of the most credible and influential awards in China's capital market [3]. - Starting from 2023, the award has introduced the "Fund Advisory Golden Bull Award", indicating the growing significance of fund advisory services [4]. Group 2: Investment Behavior - The evaluation of investment advisors differs from that of funds, focusing not only on investment performance but also on the retention rate of investors and their ability to avoid chasing market trends [6][7]. - Over 82% of holders in the "Active Selection Advisory Portfolio" maintained their investments during a bear market as of March 2025, significantly higher than the typical retention rate of 25%-35% for stock funds [9][10]. - From 2022 to March 2025, 95% of investors in the "Active Selection" portfolio added more funds during the bear market, showcasing a trend of "contrarian investing" [11][12]. Group 3: Community Engagement - The award also acknowledges the commitment of investors who have consistently supported "Screw" and its investment strategies over the years [13]. - To express gratitude, "Screw" is offering various prizes, including customized merchandise and a selection of investment books, to long-term investors [18][19].

Core Points - The company announced a cash dividend of RMB 0.1 per share (before tax) for the fiscal year 2024, approved at the annual general meeting on May 23, 2025 [1] - The total number of A-shares participating in the dividend distribution is 7,409,015,083 shares after excluding 60,467,781 shares held in the company's repurchase account [2][3] - The ex-dividend reference price will be calculated as the previous closing price minus the cash dividend of approximately RMB 0.0992 per share [3] Distribution Plan - The cash dividend will be distributed to all shareholders registered with the China Securities Depository and Clearing Corporation Limited, Shanghai Branch, as of the close of trading on the record date [1] - The company will not distribute dividends to shares held in the repurchase account [6] - The distribution method involves the Shanghai Clearing House facilitating the payment to eligible shareholders [4] Taxation Details - Individual shareholders holding A-shares for less than one month will incur a 20% tax on dividends, while those holding for more than one month but less than one year will incur a 10% tax [7] - For qualified foreign institutional investors (QFII), a 10% withholding tax will apply, resulting in a net dividend of RMB 0.09 per share [8][9] - For investors through the Shanghai-Hong Kong Stock Connect, a 20% tax will be withheld, leading to a net dividend of RMB 0.08 per share [10][11] Important Dates - The cash dividend distribution date and other relevant dates will be aligned with the H-share shareholders, with details to be published on the company's website and the Hong Kong Stock Exchange [10][11]

Core Viewpoint - The issuance of science and technology bonds by securities firms has experienced explosive growth, with 30 institutions participating and total issuance exceeding 100 billion yuan since May 7, driven by policy support and the need for business transformation [1][3]. Group 1: Market Dynamics - The rapid approval of science and technology bonds by securities firms, particularly since June, has led to significant issuance, with major firms like CITIC Securities and Guotai Junan exceeding 10 billion yuan in issuance [3]. - The subscription rates for these bonds have been notably high, with instances of oversubscription, such as Dongfang Securities achieving a subscription multiple of 8.17 times [3]. Group 2: Characteristics of Securities Firms - Securities firms are characterized by flexible fund utilization, high market recognition, and lower issuance costs compared to other entities, making them more attractive to investors [3][4]. - The funds raised through these bonds are often directed towards specific equity investments in technology enterprises, addressing their funding needs during critical development phases [4]. Group 3: Comprehensive Service Model - Securities firms leverage their full-service capabilities, including underwriting and market-making, to enhance financing channels for technology enterprises, thereby reducing their overall financing costs and time [5]. - The integration of various financial services, such as equity, bonds, and funds, allows for comprehensive financial support tailored to the lifecycle of technology enterprises [5]. Group 4: Investor Participation - The investor base for science and technology bonds includes banks, funds, and insurance companies, with banks being the primary subscribers due to their large asset base and low funding costs [7]. - The introduction of science and technology bond ETFs has provided individual investors with access to this market, enhancing participation opportunities [7]. Group 5: Investment Considerations - Since May, the favorable policy environment has led to a significant issuance of high-quality science and technology bonds, with interest rates notably lower than those of ordinary credit bonds [7]. - Investors should be aware of the potential risks associated with mismatched durations between equity projects and bond terms, as most science and technology bonds have a typical duration of three years [7].