Financial Performance - The company's operating revenue for Q1 2025 was CNY 2,504,964,344.03, representing a 13.64% increase compared to CNY 2,204,205,085.90 in the same period last year[5]. - Net profit attributable to shareholders was CNY 819,260,652.70, up 20.05% from CNY 682,436,814.38 year-on-year[5]. - The basic earnings per share rose to CNY 0.16, reflecting a 23.08% increase from CNY 0.13 in the same period last year[5]. - The total profit for Q1 2025 was ¥1.03 billion, a 22.7% increase from ¥840.09 million in Q1 2024[20]. - Net profit for the first quarter of 2025 was CNY 592.49 million, down from CNY 626.80 million in the first quarter of 2024, representing a decrease of about 5.5%[26]. - The company's net interest income for Q1 2025 was CNY 420.27 million, compared to CNY 366.51 million in Q1 2024, reflecting an increase of about 14.7%[25]. Cash Flow and Liquidity - The net cash flow from operating activities decreased significantly by 81.94%, amounting to CNY 800,470,585.16, primarily due to increased net outflow from repurchase business[5][8]. - Cash flow from operating activities for Q1 2025 was ¥800.47 million, a decrease from ¥4.43 billion in Q1 2024[22]. - The company experienced a net decrease in cash and cash equivalents of approximately -¥8.78 billion in Q1 2025, compared to -¥3.42 billion in Q1 2024[22]. - The total cash and cash equivalents at the end of Q1 2025 were approximately ¥67.21 billion, down from ¥59.47 billion at the end of Q1 2024[22]. - The net cash flow from financing activities increased by 114.75% to CNY 1,667,078,924.14, driven by increased bond issuance and reduced debt repayment[8]. - The net cash flow from financing activities was $1.34 billion, a recovery from a negative $10.98 billion last year[29]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 289,776,172,119.43, a decrease of 1.09% from CNY 292,959,017,732.27 at the end of the previous year[6]. - The company's total assets as of March 31, 2025, amounted to CNY 248.05 billion, a decrease from CNY 254.39 billion as of December 31, 2024, reflecting a decline of approximately 2.7%[23]. - The total liabilities of the company were RMB 220.02 billion, down from RMB 223.74 billion, representing a decrease of around 1.2%[15]. - Total liabilities decreased to CNY 180.72 billion as of March 31, 2025, from CNY 187.37 billion as of December 31, 2024, a reduction of approximately 3.5%[24]. - The company's equity attributable to shareholders rose to RMB 68.92 billion from RMB 68.39 billion, marking an increase of about 0.8%[17]. Investment and Income - Investment income decreased by 19.26% to CNY 659,048,399.67, mainly due to changes in fixed income asset returns[8]. - The company reported a significant investment income of ¥659.05 million in Q1 2025, contrasting with a loss of ¥726.74 million in Q1 2024[19]. - The company reported a significant increase in commission income from brokerage services, which rose to CNY 750.51 million in Q1 2025, compared to CNY 513.43 million in Q1 2024, an increase of about 46.2%[25]. Operational Efficiency - The company's operating expenses for Q1 2025 were CNY 1.12 billion, up from CNY 968.97 million in Q1 2024, representing an increase of approximately 15.5%[26]. - The cash flow from operating activities showed a significant decline, indicating potential challenges in operational efficiency[29]. Future Outlook and Management - The net profit for the first quarter of 2025 is yet to be disclosed, but the company is expected to provide guidance in the upcoming reports[18]. - The company plans to implement new accounting standards starting in 2025, which may impact future financial reporting[29]. - The company is focusing on expanding its market presence and enhancing its product offerings, with ongoing investments in new technologies and strategic initiatives[18]. - The management team includes Zhao Ling as the company head, Zhu Qin as the accounting supervisor, and Du Jia as the accounting institution head[29].

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） 趙 陵先生 （董事長） 劉秋明先生 （總裁） 非執行董事 馬韌韜女士 連涯鄰先生 潘劍雲先生 尹岩武先生 秦小徵先生 獨立非執行董事 任永平先生 殷俊明先生 劉應彬先生 陳選娟女士 呂隨啟先生 董事名單與其角色和職能 光大證券股份有限公司董事會（「董事會」）成員載列如下： 執行董事 附註： C 相關董事委員會之召集人 M 相關董事委員會之成員 中國上海 2025年4月29日 2 1 董事會下設四個委員會。下表提供各董事會成員所屬委員會中所擔任職務之信 息： | 董事委員會 | 薪酬、提名 | 戰略與 | 審計與 | | | --- | --- | --- | --- | --- | | | 與資格審查 | 可持續發展 | 關聯交易控 | 風險管理 | | 董事 | 委員會 | 委員會 | 制委員會 | 委員會 | | 趙陵先生 | | C | | | | 劉秋明先生 | | M | | | | 馬韌韜女士 | | M | | M | | 連涯鄰先 ...

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。 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） 公告 2025年第一次臨時股東大會投票表決結果 光大證券股份有限公司（「本公司」）董事會（「董事會」）欣然公佈本公司於2025年4 月29日（星期二）下午2時30分在中國上海市靜安區新閘路1508號靜安國際廣場舉 行的本公司2025年第一次臨時股東大會（「臨時股東大會」）的投票表決結果。 除非文義另有所指，否則本公告所用詞彙與本公司日期為2025年3月27日之臨時 股東大會通告（「通告」）及通函（「通函」）中所採用者具有相同含義。 1. 臨時股東大會召開和出席情況 臨時股東大會由董事會召集，由董事長趙陵先生主持。本公司在任董事11 人，出席11人；在任監事9人，出席9人。本公司副總裁兼合規總監、首席風 險官、董事會秘書朱勤女士出席臨時股東大 ...

反诈活动，覆盖范围广泛，取得了良好的社会效益。公司充分发挥分支机构众多、 客户基础广泛的优势，积极推动投教进社区、进校园等活动，打造"光大阳光投教" 特色品牌，深入开展"金融教育宣传月""2024 年世界投资者周"等活动，切实提 升社会公众金融素养及风险防范能力，以实际行动诠释企业责任与担当。 三、持续完善公司治理，保障规范运作。 公司董事会坚持与时俱进、持续优化，不断健全完善治理体系，为公司规范运 作提供制度保障。一是为深入贯彻国务院办公厅《关于上市公司独立董事制度改革 的意见》精神，完成《公司章程》修订，新增独立董事特别职权、独董工作会议等 要求，从制度层面明确独立董事职责定位、优化履职方式，提升公司治理水平；二 是以独董新规为契机，重检修订董事会各专门委员会议事规则，进一步优化各专委 会职能，充分发挥专门委员会的专业性。 光大证券股份有限公司 2024 年度"提质增效重回报"行动方案 落实情况报告 为深入贯彻落实党的二十大、中央金融工作会议以及党的二十届三中全会精神， 积极落实《国务院关于加强监管防范风险推动资本市场高质量发展的若干意见》， 坚持把"金融服务实体经济"作为根本宗旨，坚持"以人民为中心"的 ...

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。 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） 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，光大證券股份有限公司（「本公司」）在上海 證券交易所網站(www.sse.com.cn )刊發了《光大證券股份有限公司2024年度「提質 增效重回報」行動方案落實情況報告》。茲載列如下，僅供參閱。 承董事會命 光大證券股份有限公司 董事長 趙陵 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）、潘 劍雲先生（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 ...

海外監管公告 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。 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） 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，光大證券股份有限公司（「本公司」）在上海 證券交易所網站(www.sse.com.cn )刊發了《光大證券股份有限公司第七屆董事會第 六次會議決議公告》。茲載列如下，僅供參閱。 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30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）、潘 劍雲先生（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（ ...

Financial Performance - The company's operating revenue for Q1 2025 was RMB 2,504,964,344.03, representing a 13.64% increase compared to RMB 2,204,205,085.90 in the same period last year[6]. - Net profit attributable to shareholders for Q1 2025 was RMB 819,260,652.70, up 20.05% from RMB 682,436,814.38 year-on-year[6]. - Basic and diluted earnings per share increased by 23.08% to RMB 0.16 from RMB 0.13 in the same period last year[6]. - Net profit for Q1 2025 was ¥824,191,893.06, compared to ¥688,499,358.08 in Q1 2024, representing a 19.7% increase[25]. - Earnings per share for Q1 2025 were ¥0.16, up from ¥0.13 in Q1 2024, indicating a 23.1% growth[25]. - The total comprehensive income for Q1 2025 was ¥304.79 million, a decrease from ¥709.86 million in Q1 2024[34]. Cash Flow - The net cash flow from operating activities decreased significantly by 81.94%, amounting to RMB 800,470,585.16 compared to RMB 4,432,774,445.28 in the previous year[6]. - In Q1 2025, the net cash flow from operating activities was RMB 800,470,585.16, a decrease of 81.9% compared to RMB 4,432,774,445.28 in Q1 2024[26]. - The cash flow from operating activities in Q1 2025 was ¥158.22 million, down from ¥3.16 billion in Q1 2024[36]. - The net cash flow from financing activities in Q1 2025 was RMB 1,667,078,924.14, compared to a negative cash flow of RMB 11,305,564,845.20 in Q1 2024, indicating a significant improvement[27]. - Cash flow from financing activities showed a net increase of ¥1.34 billion in Q1 2025, compared to a net outflow of ¥10.98 billion in Q1 2024[38]. Assets and Liabilities - Total assets at the end of Q1 2025 were RMB 289,776,172,119.43, a decrease of 1.09% from RMB 292,959,017,732.27 at the end of the previous year[6]. - The company's total liabilities as of March 31, 2025, were RMB 180,716,308,192.41, down from RMB 187,366,162,238.58 at the end of 2024, representing a reduction of 3.5%[30]. - Total liabilities as of March 31, 2025, were ¥220,021,105,427.94, a slight decrease from ¥223,735,547,803.83 as of December 31, 2024[22]. - The total assets of the company amounted to ¥289.78 billion, a decrease from ¥292.96 billion as of December 31, 2024, representing a decline of approximately 1%[21]. Investments - Investment income for the period was RMB 659,048,399.67, down 19.26% primarily due to changes in fixed income assets[11]. - The company reported a significant investment income of ¥659,048,399.67 in Q1 2025, recovering from a loss of ¥726,736,930.17 in Q1 2024[24]. - The company reported a significant investment loss of ¥488.05 million in Q1 2025, contrasting with a loss of ¥765.53 million in Q1 2024[33]. - The cash outflow from investment activities in Q1 2025 was RMB 22,394,980,940.77, significantly higher than RMB 12,767,780,131.95 in Q1 2024, marking an increase of 75.7%[26]. Shareholder Information - The total number of ordinary shareholders was 166,159, with 166,016 being A-share shareholders and 143 being H-share registered shareholders[18]. - The top ten shareholders held a combined 25.15% of the shares, with China Everbright Group holding the largest share at 25.15%[15]. - The company has no known relationships or concerted actions among the top shareholders[16]. - There were no changes reported in the lending or borrowing of shares among the top ten shareholders due to transfer and financing activities[19].

Dividend Distribution - The company plans to distribute a cash dividend of RMB 918,007,818.92 to all A-share and H-share shareholders, with a net distribution of RMB 500,731,537.59 after deducting the interim dividend of RMB 417,276,281.33[4] - The proposed cash dividend per 10 shares is RMB 1.086 (including tax), based on a total share capital of 4,610,787,639 shares as of December 31, 2024[4] Financial Reporting and Compliance - The report confirms that all financial data is prepared in accordance with International Financial Reporting Standards and audited by KPMG, providing a standard unqualified audit opinion[6] - The company has not faced any non-operational fund occupation by controlling shareholders or related parties during the reporting period[6] - There are no violations of decision-making procedures regarding external guarantees during the reporting period[6] - The board of directors and senior management guarantee the truthfulness, accuracy, and completeness of the annual report, with no false records or major omissions[6] - The report is prepared in both Chinese and English, with the Chinese version prevailing in case of discrepancies[5] Company Operations and Structure - The company operates in various sectors including securities brokerage, investment consulting, and financial advisory services, among others[17] - Everbright Securities has multiple qualifications including membership in the China Securities Association and various stock exchanges, enhancing its operational capabilities[17] - The company has 14 subsidiaries and 227 securities business departments distributed across 114 cities in 30 provinces, autonomous regions, and municipalities[41] - The company’s main operational address is located at 1508 Xinzhai Road, Jing'an District, Shanghai, China[21] - Everbright Securities is listed on both the Shanghai Stock Exchange (A-shares) and the Hong Kong Stock Exchange (H-shares) under the stock codes 601788 and 6178 respectively[22] Financial Performance - Total revenue and other income for 2024 reached RMB 14,196.7 million, a decrease of 3.92% compared to RMB 14,776.1 million in 2023[53] - Net profit attributable to shareholders for 2024 was RMB 3,058.5 million, down 28.39% from RMB 4,271.2 million in 2023[53] - Operating cash flow for 2024 was RMB 16,839.8 million, a decline of 36.87% from RMB 26,673.5 million in 2023[53] - Total assets increased to RMB 292,959.0 million in 2024, up 12.85% from RMB 259,604.0 million in 2023[54] - Total liabilities rose to RMB 223,735.5 million, reflecting a 16.71% increase from RMB 191,708.6 million in 2023[54] Risk Management - The risk management framework includes a four-tier structure: Board of Directors, Supervisory Board, Management, and various risk management departments, ensuring comprehensive oversight and accountability[153] - The company has established a robust risk management culture, with regular assessments and a performance evaluation system to ensure effective risk control[156] - Market risk management involves a multi-level risk limit system, including Value at Risk (VaR) and stress testing to evaluate potential losses under adverse conditions[158] - Credit risk is managed through internal credit ratings, unified credit management, and strict monitoring of bond issuers' financial health[160] - The company has implemented a liquidity risk emergency plan, defining risk levels, trigger standards, and response measures to ensure sufficient liquidity assets[164] Investment and Growth Strategies - The company aims to enhance its wealth management business by focusing on customer-centric services and improving professional capabilities in 2025[67] - The company plans to enhance compliance and service capabilities in its equity financing business in 2025, focusing on technology innovation enterprises[77] - The company aims to enhance investment management capabilities and product creation in 2025, focusing on high-quality development and comprehensive risk management[96] - The company aims to build a first-class service-oriented investment bank, focusing on five key areas: technology finance, green finance, inclusive finance, pension finance, and digital finance[150] Corporate Governance - The board of directors and supervisory board's terms were extended due to the need for continuity in governance during the transition period[191] - The company has adopted a proactive approach to compliance culture, integrating it into corporate culture and enhancing employee awareness through case-based education[170] - The company maintains an independent business system and operational capability, with clear asset ownership and a standardized financial management system[193] - The board of directors has adopted corporate governance policies in compliance with Hong Kong listing rules, ensuring independent oversight by non-executive directors[195] Customer and Market Engagement - By the end of 2024, the total number of customers reached 6.46 million, a 10% increase year-over-year, with total customer assets growing by 8.5% to 1.37 trillion yuan[64] - The overseas wealth management and brokerage business had a total of 142,000 customers in Hong Kong, with retail customer assets totaling 57.7 billion HKD, a year-over-year increase of 6.26%[65] - The revenue from the top five customers accounts for less than 30% of the total revenue, indicating a diversified customer base[184] Social Responsibility - The company made donations totaling approximately CNY 7.8 million during the reporting period[189] - The company supported the listing of a national-level "little giant" enterprise, enhancing its market influence in key strategic areas[111] - The company issued a special financial bond for small and micro loans amounting to RMB 30 billion, promoting stable development in this sector[112]

光大证券（601788）公告，2025年第一季度营业收入25.05亿元，同比增长13.64%。净利润8.19亿元， 同比增长20.05%。 ...

Core Viewpoint - The major lawsuits disclosed in the 2024 brokerage annual reports highlight significant risks in the areas of securities false statements, stock pledge repurchase, and margin financing disputes, revealing dual challenges in business risk management and intermediary service quality [1] Group 1: Securities False Statements - Securities false statement lawsuits have become a core risk point for brokerages, with cases like Meishang Ecology, which inflated net profits by 457 million yuan from 2012 to 2020, leading to investor accountability [3] - Dongxing Securities and GF Securities were named as joint defendants for failing to fulfill due diligence obligations [3] - Jin Tong Ling's financial fraud from 2017 to 2022 saw profit figures inflated or deflated by as much as 5774.38%, implicating Huaxi Securities, Everbright Securities, and Guohai Securities in related disputes [3] - The new Securities Law and judicial interpretations have increased the likelihood of brokerages facing lawsuits due to "presumed fault" for joint liability [3] Group 2: Stock Pledge Repurchase Disputes - Stock pledge repurchase disputes are on the rise, with cases like Dongfang Securities and Qingdao Yaxing Industrial facing litigation over a pledge transaction default involving 653 million yuan in principal and interest [4] - Guohai Securities reported multiple stock pledge disputes, with some cases already executing repayments while others are still in progress [4] - In 2024, Guohai Securities accumulated 219 million yuan in asset impairment provisions due to pledge business risks, reducing net profits by 164 million yuan [4] Group 3: Risk Management and Compliance - Industry insiders emphasize the need for brokerages to integrate diligence and compliance requirements throughout their business processes to mitigate joint liability risks arising from listed company violations [4] - As the registration system deepens, the "gatekeeper" role of intermediary institutions will be further strengthened, making risk management capabilities a key competitive indicator for brokerages [4]