Core Points - The company has successfully completed the issuance of short-term corporate bonds for professional investors, with a total issuance amount of up to RMB 200 billion approved by the Shenzhen Stock Exchange [1] - The fifth phase of the bond issuance amounted to RMB 36 billion, divided into two varieties with different terms and interest rates [1] - The fourth phase of the bond issuance was completed with a total amount of RMB 39 billion, also divided into two varieties, and is set to be listed on the Shenzhen Stock Exchange [3] Summary by Category Bond Issuance - The fifth phase of the bond issuance includes two varieties: the first with an issuance scale of RMB 10 billion, a term of 181 days, and a coupon rate of 1.71%; the second with an issuance scale of RMB 26 billion, a term of 243 days, and a coupon rate of 1.75% [1] - The fourth phase of the bond issuance consists of two varieties: the first with an issuance scale of RMB 8 billion, a term of 186 days, and a coupon rate of 1.70%; the second with an issuance scale of RMB 31 billion, a term of 242 days, and a coupon rate of 1.75% [3] Listing Information - The fifth phase bonds are expected to be listed and traded on the Shenzhen Stock Exchange after registration [1] - The fourth phase bonds are scheduled to be listed on the Shenzhen Stock Exchange starting from August 29, 2025, with specific trading codes assigned to each variety [3]

申万宏源（000166）(06806)发布公告，公司所属子公司申万宏源证券（000562）有限公司于2023年8月 30日发行申万宏源证券有限公司2023年面向专业投资者公开发行公司债券(第三期)(品种一)，发行规模 人民币5亿元，票面利率2.56%，期限2年，债券代码148444，债券简称23申证05。 本期债券兑付日为2025年9月1日，摘牌日为2025年9月1日，申万宏源证券有限公司已按照《申万宏源证 券有限公司2023年面向专业投资者公开发行公司债券(第三期)募集说明书》相关约定，完成本期债券本 息兑付并予以摘牌。 ...

本期债券兑付日为2025年9月1日，摘牌日为2025年9月1日，申万宏源证券有限公司已按照《申万宏源证 券有限公司2023年面向专业投资者公开发行公司债券(第三期)募集说明书》相关约定，完成本期债券本 息兑付并予以摘牌。 智通财经APP讯，申万宏源(06806)发布公告，公司所属子公司申万宏源证券有限公司于2023年8月30日 发行申万宏源证券有限公司2023年面向专业投资者公开发行公司债券(第三期)(品种一)，发行规模人民 币5亿元，票面利率2.56%，期限2年，债券代码148444，债券简称23申证05。 ...

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，並明確表示概不就因本公告全部或任何部分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。 （ 於 中 華 人 民 共 和 國 註 冊 成 立 的 股 份 有 限 公 司 ） （股份代號：6806） 海外監管公告 本公告乃由申萬宏源集團股份有限公司（「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。 茲載列本公司於深圳證券交易所網站發佈之《申萬宏源集團股份有限公司關於申萬宏源證券有 限公司2023年面向專業投資者公開發行公司債券（第三期）（品種一）本息兌付並摘牌的公告》， 僅供參閱。 承董事會命 申萬宏源集團股份有限公司 董事長 劉健 北京，2025年9月2日 於本公告日期，董事會成員包括執行董事劉健先生及黃昊先生；非執行董事朱志龍先生、張英女士、邵亞樓先生、 徐一心先生及嚴金國先生；獨立非執行董事楊小雯女士、武常岐先生、陳漢文先生及趙磊先生。 证券代码：000166 证券简称：申万宏源 公告编号：临2025-71 申 万 宏 源 集 团 股 份 有 限 公 司 关于申万宏 ...

Core Viewpoint - The wealth management performance of securities firms has shown significant growth in the first half of 2025, with a notable increase in brokerage fee income and a shift towards wealth management services [1][3]. Group 1: Brokerage Business Performance - In the first half of 2025, 42 listed securities firms generated a total of 74.563 billion yuan in brokerage fee income, representing a year-on-year growth of approximately 50% [1][3]. - The top ten securities firms accounted for over 60% of the total brokerage income, with CITIC Securities leading at nearly 8 billion yuan [2][3]. - The brokerage income of mid-sized and small securities firms showed strong growth, with firms like Guojin Securities and Guoyuan Securities experiencing increases of over 60% [5][6]. Group 2: Revenue Structure and Growth - The core revenue source for brokerage business remains the agency trading of securities, which accounted for about 84% of total brokerage income, growing approximately 55% year-on-year [8]. - The income from selling financial products also saw a 30% increase, indicating progress in the wealth management transformation of securities firms [7][9]. Group 3: Client Acquisition and High-Net-Worth Focus - Securities firms are increasingly targeting high-net-worth clients, with firms like Guotai Junan reporting significant growth in their high-net-worth client base and assets under management [12]. - The number of new clients for several firms has increased, with CITIC Securities adding over 830,000 new clients in the first half of 2025 [11]. Group 4: Institutional Business Development - Expanding institutional business is a key strategy for securities firms to diversify their revenue sources, with firms like Caifutong Securities reporting significant growth in institutional client assets [13][14]. - The focus on providing comprehensive services to institutional clients is evident, with firms enhancing their offerings in areas like equity incentives and share buybacks [14]. Group 5: Growth in Buy-side Advisory Services - The buy-side advisory business is experiencing positive changes, with several firms reporting growth in their fund advisory services [16][17]. - For instance, Huatai Securities reported a fund advisory business scale of 21.037 billion yuan, indicating a robust demand for these services [17]. Group 6: International Market Expansion - The trend of large and medium-sized securities firms expanding into overseas markets continues, with CITIC Securities making strides in global wealth management [19]. - The sales scale and income from overseas wealth management products for CITIC Securities doubled year-on-year in the first half of 2025 [19].

Group 1 - The report indicates that the total registered capital of Shenwan Hongyuan Group Co., Ltd. remains unchanged at RMB 25,039,944,560 as of August 31, 2025 [1] - The number of issued shares for H-shares (06806) and A-shares (000166) is stable, with both remaining at 2,504,000,000 and 22,535,944,560 respectively, with no increase or decrease reported [1] - The report confirms compliance with all applicable listing rules and regulations regarding the issuance and transfer of securities [2][3] Group 2 - The company has not issued any stock options, warrants, or convertible bonds during the reporting period [1] - All necessary documentation and approvals related to the securities issuance have been completed and filed as required by law [2] - The company confirms that all properties purchased or agreed to be purchased have been completed and the purchase price has been paid [2]

证券代码：000166 证券简称：申万宏源 公告编号：临2025-71 申 万 宏 源 集 团 股 份 有 限 公 司 本期债券兑付日为2025年9月1日，摘牌日为2025年9月1日，申万 宏源证券有限公司已按照《申万宏源证券有限公司2023年面向专业投 资者公开发行公司债券（第三期）募集说明书》相关约定，完成本期 债券本息兑付并予以摘牌。 特此公告。 申万宏源集团股份有限公司董事会 二〇二五年九月二日 关于申万宏源证券有限公司 2023 年面向专业投资者公开 发行公司债券（第三期）（品种一）本息兑付 并摘牌的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整， 没有虚假记载、误导性陈述或重大遗漏。 公司所属子公司申万宏源证券有限公司于 2023 年 8 月 30 日发行 申万宏源证券有限公司 2023 年面向专业投资者公开发行公司债券 （第三期）（品种一）（以下简称"本期债券"），发行规模人民币 申证 05。（相关情况请详见公司于 2023 年 9 月 2 日在《中国证券报》 《证券时报》《上海证券报》和巨潮资讯网 www.cninfo.com.cn 上刊 登的公告） ...

证券代码：000166 证券简称：申万宏源 公告编号：临2025-71 申 万 宏 源 集 团 股 份 有 限 公 司 关于申万宏源证券有限公司 2023 年面向专业投资者公开 发行公司债券（第三期）（品种一）本息兑付 并摘牌的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整， 没有虚假记载、误导性陈述或重大遗漏。 公司所属子公司申万宏源证券有限公司于 2023 年 8 月 30 日发行 申万宏源证券有限公司 2023 年面向专业投资者公开发行公司债券 （第三期）（品种一）（以下简称"本期债券"），发行规模人民币 5 亿元，票面利率 2.56%，期限 2 年，债券代码 148444，债券简称 23 申证 05。（相关情况请详见公司于 2023 年 9 月 2 日在《中国证券报》 《证券时报》《上海证券报》和巨潮资讯网 www.cninfo.com.cn 上刊 登的公告） 本期债券兑付日为2025年9月1日，摘牌日为2025年9月1日，申万 宏源证券有限公司已按照《申万宏源证券有限公司2023年面向专业投 资者公开发行公司债券（第三期）募集说明书》相关约定，完成本期 债券本息兑付并予以摘牌。 特此 ...

FF301 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年8月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 申萬宏源集團股份有限公司 呈交日期: 2025年9月2日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | H | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 06806 | 說明 | H股 | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 2,504,000,000 | RMB | | 1 RMB | | 2,504,000,000 | | 增加 / 減少 (-) | | | 0 | | | RMB | | 0 | | 本月底結存 | | | 2,504,000,000 | RMB | | 1 RMB | | 2,504,000,000 | | 2. 股份分類 | 普通股 ...

Core Viewpoint - The report from Shenwan Hongyuan maintains a "positive" rating for the basic chemical industry, suggesting investment strategies across four key chains: textile and apparel, agricultural chemicals, export-related chemicals, and sectors benefiting from "anti-involution" policies [1] Group 1: Industry Performance - In Q2 2025, the chemical sector achieved revenue of 548.3 billion yuan (YoY +2%, QoQ +10%) and net profit of 35.5 billion yuan (YoY -5%, QoQ +8%), aligning with market expectations [2] - The overall asset-liability ratio for the chemical industry stands at 50.0%, a year-on-year increase of 0.4%, remaining within historical low ranges [2] - The chemical industry's gross profit margin slightly decreased by 0.05 percentage points year-on-year but increased by 0.3 percentage points quarter-on-quarter to 17.9% [2] Group 2: Supply and Demand Dynamics - The supply side shows strong support, with significant profit increases in sectors such as pesticides, fluorochemicals, potassium fertilizers, and modified plastics [3] - The report highlights a downward trend in oil and coal prices, contributing to improved profitability in various chemical sectors, including civil explosives, nitrogen fertilizers, and phosphates [3] Group 3: Future Outlook - The traditional cycle indicates stabilization at the bottom of oil prices, with overseas inventories nearing 21-year lows, suggesting a long-term upward trend in demand [4] - The chemical sector's capital expenditure is nearing its end, with a continuous decline in ongoing projects for three consecutive quarters, indicating a significant improvement in the supply side [4] - The report emphasizes the importance of focusing on high-growth demand chains such as textiles, agricultural chemicals, and exports, while also considering the benefits from "anti-involution" policies [4]