Core Insights - The number of brokerage apps with over 1 million monthly active users reached 25, showing a positive month-on-month growth with an average increase of 3.35% in March compared to February [1][2] - The highest month-on-month growth was observed in Xinda Securities' app "Xinda Tianxia" with an increase of 5.29%, while the lowest growth was in Huaxi Securities' app "Huacai Rensheng" with an increase of only 2.07% [1][2] Monthly Active User Growth of Brokerage Apps - The top brokerage apps by month-on-month growth in March are as follows: - 1st: "Zhangle Caifutong" by Huatai Securities with a growth of 2.79% [2] - 2nd: "Guotai Haitong Junhong" by Guotai Junan Securities with a growth of 2.66% [2] - 3rd: "Ping An Securities" with a growth of 2.80% [2] - 4th: "Zhaoshang Securities" with a growth of 4.37% [2] - 5th: "CITIC Securities Xin E-Tou" with a growth of 3.95% [2] - 6th: "Guotai Haitong Tongcai" by Haitong Securities with a growth of 2.38% [2] - 7th: "Qingting Diankin" by CITIC JianTou Securities with a growth of 4.09% [2] - 8th: "GF Securities Yitaojin" with a growth of 3.84% [2] - 9th: "Xiaofang" by Fangzheng Securities with a growth of 3.53% [2] - 10th: "China Galaxy Securities" with a growth of 2.75% [2] - Other notable apps include "Xinda Tianxia" by Xinda Securities with a growth of 5.29% and "Yuli Bao" by Industrial Bank with a growth of 5.89% [2]

Summary of the Conference Call for Guangda Securities Industry Overview - The overall capital market in 2024 showed a trend of initial decline followed by recovery, with significant activity noted in October, achieving a daily average trading volume of 1.22 trillion yuan, a year-on-year increase of 23% [2] - The balance of margin trading reached 1.86 trillion yuan by the end of the year, up nearly 13% from the previous year [2] - A significant decline in A-share equity financing was observed, totaling only 288 billion yuan, a decrease of approximately 73% year-on-year [2] - The bond issuance scale for securities firms increased by 4.67% year-on-year, totaling 14 trillion yuan [2] Financial Performance - Guangda Securities reported total assets of 292.9 billion yuan, attributed to an increase in client asset scale and the company's financial asset generation capabilities [4] - The net asset value at year-end reached 69.2 billion yuan, with a net asset growth of nearly 2% [4] - Operating revenue for 2024 was 9.598 billion yuan, showing a year-on-year decline, primarily due to the cessation of bulk commodity trading activities [4] - The company’s net profit, excluding non-recurring gains, showed a significant increase, indicating improved asset quality and a stable operational trajectory [5] - The asset-liability ratio and capital leverage ratio improved, with the asset-liability ratio rising from a relatively low point of 65% in 2021 [5][6] Business Segments - Wealth management services saw a shift towards a customer-centric model, with a 41% increase in the number of signed clients and a significant rise in the scale of financial product sales [8] - The credit business, primarily based on margin financing, also experienced growth, with a market share increase to 2.21%, up 13% year-on-year [9] - The company’s investment banking segment faced challenges due to a tight equity financing environment, with a notable decline in IPO and refinancing activities, down 78% [12] - The asset management segment reported a monthly average management scale of 311.2 billion yuan, ranking fifth in the industry [15] Regulatory and Compliance - The regulatory environment remained stringent, with 606 penalties issued in 2024, a 60.3% increase from the previous year [3] - Guangda Securities has been proactive in compliance management, with no significant new risks reported in recent years [23] Strategic Initiatives - The company emphasized its commitment to serving national strategies and supporting the real economy, achieving a financing scale of 87.2 billion yuan, a 3.4% increase year-on-year [18] - Guangda Securities has also focused on digital finance, enhancing its app and technology platforms, resulting in an increase of 1.1 million registered users [19] - The firm aims to strengthen its service capabilities and brand through a customer-centric approach, enhancing its competitive edge in the market [25] Conclusion - Guangda Securities is positioned to navigate the challenges of the current market environment while focusing on growth in key areas such as wealth management, credit services, and compliance, with a commitment to supporting national economic strategies and enhancing customer service [25]

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。 董事會會議召開日期 光大證券股份有限公司（「本公司」）董事會（「董事會」）謹此宣佈，本公司將於 2025年4月29日（星期二）舉行董事會會議，以考慮及批准本公司及其附屬公司截 至2025年3月31日止未經審計的第一季度業績及╱或其他議題（如適用）。 承董事會命 光大證券股份有限公司 董事長 趙陵 中國上海 2025年4月15日 光大證券股份有限公司 Everbright Securities Company Limited （於中華人民共和國註冊成立的股份有限公司） （股份代號：6178） 於本公告日期，本公司董事會成員包括趙陵先生（董事長、執行董事）、劉秋明 先生（執行董事、總裁）、馬韌韜女士（非執行董事）、連涯鄰先生（非執行董事）、 尹岩武先生（非執行董事）、秦小徵先生（非執行董事）、任永平先生（獨立非執行 董事）、殷俊明先生（獨立非執行董事）、劉應彬先生（獨立非執行董事）、陳選娟 女士（獨立非執行 ...

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。 趙陵 中國上海 2025年4月15日 於本公告日期，本公司董事會成員包括趙陵先生（董事長、執行董事）、劉秋明 先生（執行董事、總裁）、馬韌韜女士（非執行董事）、連涯鄰先生（非執行董事）、 尹岩武先生（非執行董事）、秦小徵先生（非執行董事）、任永平先生（獨立非執行 董事）、殷俊明先生（獨立非執行董事）、劉應彬先生（獨立非執行董事）、陳選娟 女士（獨立非執行董事）及呂隨啟先生（獨立非執行董事）。 （股份代號：6178） 董事會會議召開日期 光大證券股份有限公司（「本公司」）董事會（「董事會」）謹此宣佈，本公司將於 2025年4月29日（星期二）舉行董事會會議，以考慮及批准本公司及其附屬公司截 至2025年3月31日止未經審計的第一季度業績及╱或其他議題（如適用）。 承董事會命 光大證券股份有限公司 董事長 光大證券股份有限公司 Everbright Securities Company Limited （於 ...

随着美元回落，国际油价企稳反弹，WTI原油近月合约涨2.39%，报61.50美元/桶。布伦特原油近月合约涨2.26%，报64.76美元/桶。 国际金价续创历史，纽约商品交易所4月交割的COMEX黄金期货合约涨2.12%，报3222.20美元/盎司。 机构指出，A股市场有望逐步摆脱短期扰动，受益于扩内需、促消费政策的行业值得关注，包括家用电器、食品饮料、社会服务、商贸零售等行业。 【财经日历】 中国3月贸易帐； 世界互联网大会亚太峰会； 第三届中国国际通用航空与无人机发展大会。 | 〜 盘前必读 | // 外盘怎么样 // | | | | --- | --- | --- | --- | | 名称 | 现价 | 涨跌 | 涨跌幅 | | 道琼斯工业指数 | 40212.71 c 619.05 | | 1.56% | | 纳斯达克指数 | 16724.46 c 337.15 | | 2.06% | | 标普500 | 5363.36 c 95.31 1.81% | | | 截至上周五收盘，道指上涨619.05点，涨幅1.56%，报40212.71点，纳指涨2.06%，报16724.46点，标普500指数涨1.81% ...

Group 1 - The A-share market is expected to gradually shake off short-term disturbances, benefiting from policies aimed at expanding domestic demand and promoting consumption [1] - Industries worth paying attention to include home appliances, food and beverage, social services, and retail [1] - Companies that are actively repurchasing and increasing their holdings may also be noteworthy, with relevant companies primarily distributed across electronics, automotive, and machinery sectors [1] Group 2 - Future market styles may rotate between defensive and cyclical trends [1]

Investment Rating - The report maintains a "Buy" rating for the banking industry, indicating an expected investment return exceeding the market benchmark index by over 15% in the next 6-12 months [1]. Core Insights - The report anticipates a seasonal rebound in credit issuance in March, with an expected increase in new RMB loans of approximately 3.2 trillion, reflecting a year-on-year growth of about 7.3% [4][16]. - The liquidity outlook for April suggests a marginal easing of the financial environment, with the central bank likely to maintain a relatively loose monetary policy to counter potential risks amid increasing external uncertainties [24][30]. Summary by Sections Financial Data and Liquidity Outlook - March's financial data is expected to show a strong seasonal recovery in credit issuance, with new loans projected at 3.2 trillion RMB, slightly higher than the previous year [4]. - The report highlights a "tail" effect in bill rates at the end of March, with a rebound in credit issuance strength and positive performance in leading indicators like PMI [3][4]. Credit Structure - Corporate loans remain the primary driver of credit growth, while retail loans are experiencing a "price reduction promotion" strategy, with household financing needs still in the process of recovery [5][7]. - The report notes that the demand for corporate loans is supported by improved industrial production and infrastructure investments, with March's manufacturing PMI rising to 50.5% [5]. Social Financing - The report estimates that new social financing in March will be around 5.1 trillion RMB, maintaining an 8.2% growth rate compared to February [13]. - The main contributors to this growth are on-balance sheet loans and government bonds, with a notable increase in government bond financing [15]. Monetary Supply and Policy Outlook - M1 and M2 growth rates are expected to improve in March, driven by increased fiscal spending and a shift of government deposits to the private sector [20][22]. - The report anticipates that the central bank may implement further counter-cyclical monetary policies, including potential interest rate cuts and reserve requirement ratio adjustments, to ensure liquidity remains ample [31][32].

Group 1 - The announcement details the addition of new sales institutions for the funds managed by Jianxin Fund Management Co., Ltd., effective from April 2, 2025 [1][2][4] - The new sales institutions include Everbright Securities Co., Ltd., Shanxi Securities Co., Ltd., and Industrial Bank Securities Co., Ltd. [1][2][4] - Investors can conduct business related to the funds at the branches of these sales institutions, following the specific rules and processes of both the fund company and the sales institutions [1][2][4] Group 2 - Contact information for the new sales institutions is provided, including addresses, customer service numbers, and websites [1][2][4] - Jianxin Fund Management Co., Ltd. emphasizes the importance of reading legal documents such as the fund contract and prospectus before investing [1][2][4]

致：香港交易及結算所有限公司 公司名稱: 光大證券股份有限公司 呈交日期: 2025年4月1日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | A | | | 於香港聯交所上市 (註1) | | 否 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 601788 | 說明 | | A股(上海證券交易所) | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 3,906,698,839 | RMB | | 1 | RMB | | 3,906,698,839 | | 增加 / 減少 (-) | | | 0 | | | | RMB | | 0 | | 本月底結存 | | | 3,906,698,839 | RMB | | | 1 RMB | | 3,906,698,839 | | 2. 股份分類 | 普通股 | 股份類別 | H | | 於香港聯交所上市 (註1) | | 是 | | | --- ...

Summary of Key Points Core Viewpoint - Everbright Securities reported a decline in both revenue and net profit for the year 2024, indicating challenges in the current market environment and a need for organizational adjustments to improve efficiency and focus on core business areas [1]. Financial Performance - The total operating revenue for Everbright Securities decreased by 4.32% year-on-year to 9.598 billion yuan [1]. - The net profit attributable to shareholders fell by 28.39% to 3.058 billion yuan [1]. Executive Compensation - Total compensation for directors, supervisors, and senior management decreased significantly from 27.4461 million yuan in 2023 to 16.7907 million yuan in 2024, a reduction of 38.82% [1]. - The number of executives earning over one million yuan dropped from 14 to 9 [1]. - Chairman Zhao Ling's salary was 1.9778 million yuan, down by 405,500 yuan, a decrease of 17.01% [1]. - President Liu Qiuming's salary was 1.8313 million yuan, reduced by 426,900 yuan, a decline of 18.89% [1]. Workforce Adjustments - The total number of employees at Everbright Securities decreased by 340 to 7,724, reflecting a year-on-year decline of 4.2% [2]. - The brokerage business saw a significant reduction in personnel, with a decrease of 241 employees to 4,957, accounting for 71% of the total workforce reduction [2]. - The investment banking team decreased by 38 employees to 578, while the asset management sector saw a slight reduction of 12 employees to 262 [2]. - In contrast, the research team increased by 6 employees to 152, and the compliance and risk management department expanded by 60 employees to 306, marking a growth of 23.6% [2][3]. Strategic Focus - The shift in workforce dynamics indicates a strategic focus on enhancing research capabilities and compliance systems, reflecting the ongoing digital transformation in the brokerage industry [3].