Core Viewpoint - Haitong Securities expects a net profit attributable to shareholders of approximately -3.4 billion yuan for the year 2024, indicating a loss compared to the previous year [1] Financial Performance - The significant decline in the valuation of overseas financial assets has led to a reduction in investment income and changes in fair value gains and losses [1] - The domestic market's equity financing scale has decreased, resulting in a reduction in the company's investment banking revenue [1] Business Stability - The company reports stable business and operational conditions, with a sound asset-liability structure and ample liquidity [1] Strategic Focus - Haitong Securities aims to strengthen its core functions and enhance its core competitiveness by focusing on its main business and leveraging the merger and restructuring with Guotai Junan [1]

Financial Performance - The company expects a net profit of approximately -3,400 million RMB for the year 2024, indicating a loss compared to the previous year[3] - The estimated net profit attributable to the parent company, excluding non-recurring gains and losses, is approximately -3,700 million RMB for 2024[4] - In the previous year, the total profit was 1,565.88 million RMB, with a net profit attributable to the parent company of 1,008.41 million RMB[5] Investment and Market Conditions - The company experienced a significant decline in the valuation of overseas financial assets, leading to reduced investment income and fair value changes[6] - The domestic market saw a decrease in equity financing scale, resulting in lower investment banking revenue for the company[6] Business Stability and Strategy - The company maintains a stable business and financial condition, with a good asset-liability structure and ample liquidity[7] - The merger with Guotai Junan Securities is seen as an opportunity to enhance core functions and competitiveness[7] Regulatory and Compliance - The performance forecast data has not been audited by an accounting firm, but there are no significant uncertainties affecting its accuracy[8] - The company plans to submit an application for voluntary delisting following the merger process with Guotai Junan[9]

Group 1 - The core viewpoint of the article indicates that Haitong Securities (600837) is expected to report a net profit attributable to shareholders of approximately -3.4 billion yuan for the year 2024, marking a significant loss compared to the previous year [1] - The decline in the valuation of overseas financial assets has led to a substantial decrease in investment income and changes in fair value gains and losses during the reporting period [1] - The domestic market for equity financing has contracted, resulting in a reduction in the company's investment banking revenue [1]

Group 1 - The core viewpoint is that the electrification rate in Europe has significant growth potential, with rapid increases in electric vehicle sales expected from 2025 to 2030 due to carbon emission assessment policies [1] - Emerging markets are experiencing a rapid increase in electrification rates, with strong competitive advantages for domestic high-quality supply, as local brands transition from exporting vehicles to exporting production capacity, indicating broad growth opportunities [1] Group 2 - China's power battery industry chain is globally leading and is expected to benefit from incremental overseas market demand, suggesting a focus on companies such as BYD, CATL, and EVE Energy [1]

1 证券代码：600837 证券简称：海通证券 公告编号：临 2025-014 海通证券股份有限公司 关于公司股票可能终止上市的风险提示公告 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。 国泰君安证券股份有限公司拟通过向海通证券股份有限公司（以下简称"海 通证券"或"公司"）的全体 A 股换股股东发行 A 股股票、向海通证券的全体 H 股换股股东发行 H 股股票的方式换股吸收合并海通证券（以下简称"本次吸收合 并"）并发行 A 股股票募集配套资金事项已经公司于 2024 年 12 月 13 日召开的 2024 年第二次临时股东大会、2024 年第一次 A 股类别股东会及 2024 年第一次 H 股类别股东会审议通过，并已获得中国证券监督管理委员会出具的《关于同意国 泰君安证券股份有限公司吸收合并海通证券股份有限公司并募集配套资金注册、 核准国泰君安证券股份有限公司吸收合并海通证券股份有限公司、海富通基金管 理有限公司变更主要股东及实际控制人、富国基金管理有限公司变更主要股东、 海通期货股份有限公司变更主要股东及实际控制人的批 ...

证券代码：600837 证券简称：海通证券 公告编号：临 2025-012 海通证券股份有限公司 关于国泰君安证券股份有限公司换股吸收合并 海通证券股份有限公司并募集配套资金暨关联交易之 A 股异议股东现金选择权实施公告 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。 申报主体：A 股申报主体为截至 A 股异议股东现金选择权实施股权登记日 收市后持有有效 A 股异议股份的 A 股异议股东。非 A 股异议股东的申报无效。 申报期间：2025 年 2 月 6 日 9:00-15:00，期间公司 A 股股票停牌。 重要内容提示： 海通证券股份有限公司（以下简称"公司"、"本公司"、"海通证券"）于 2024 年 12 月 13 日召开的 2024 年第二次临时股东大会、2024 年第一次 A 股类别股东会 及 2024 年第一次 H 股类别股东会审议通过了关于国泰君安证券股份有限公司（以 下简称"国泰君安"）换股吸收合并海通证券股份有限公司（以下简称"本次吸收 合并"）并募集配套资金暨关联交易（以下简称"本次交易"）的相关议案。在公 ...

证券代码：600837 证券简称：海通证券 公告编号：临 2025-011 海通证券股份有限公司 关于国泰君安证券股份有限公司换股吸收合并公司 并募集配套资金暨关联交易相关事项获得 公司董事会将根据中国证监会批复、香港联交所上述批准和相关法律法规的 要求以及公司 2024 年第二次临时股东大会、2024 年第一次 A 股类别股东会及 2024 年第一次 H 股类别股东会的相关授权，在规定期限内办理本次交易所涉及的相关 事宜，并及时履行信息披露义务。敬请广大投资者注意投资风险。 特此公告。 海通证券股份有限公司董事会 2025 年 1 月 20 日 香港联合交易所有限公司批准的公告 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。 国泰君安证券股份有限公司（以下简称"国泰君安"）拟通过向海通证券股 份有限公司（以下简称"海通证券"或"公司"）的全体 A 股换股股东发行 A 股 股票、向海通证券的全体 H 股换股股东发行 H 股股票的方式换股吸收合并海通证 券并发行 A 股股票募集配套资金（以下简称"本次交易"）。 鉴于中国证券监督 ...

Group 1 - The China Securities Regulatory Commission (CSRC) has approved the merger of Guotai Junan and Haitong Securities, allowing Guotai Junan to absorb Haitong Securities through the issuance of 5,985,871,332 new shares [1] - Guotai Junan is authorized to raise up to 10 billion yuan through the issuance of shares to support the merger [1] - Following the merger, Haitong Securities will be legally dissolved, and its branches will be converted into branches of Guotai Junan [1] Group 2 - The CSRC has approved Guotai Junan to become the major shareholder of Hai Fu Tong Fund Management Co., Ltd., and Shanghai International Group will be the actual controller [1] - Guotai Junan will also become the major shareholder of Fu Guo Fund Management Co., Ltd., and will take over a capital contribution of 14,443 million yuan, representing 27.775% of the registered capital [1] - Guotai Junan is approved to become the major shareholder of Haitong Futures Co., Ltd., with a shareholding of 1,083,101,687 shares, accounting for 83.22% of the registered capital [1] Group 3 - The CSRC emphasizes the need for Guotai Junan and Haitong Securities to orderly advance the merger, ensuring the protection of customer rights and proper employee placement [2] - Guotai Junan is required to develop and submit a specific integration plan within one year, outlining a timeline for the merger process [2] - Prior to the completion of the integration, Guotai Junan must ensure risk isolation from Haitong Securities and its subsidiaries, strictly regulate related transactions, and prevent conflicts of interest [2]

| 股票代码：601211 | 股票简称：国泰君安 | 上市地点：上海证券交易所 | | --- | --- | --- | | 股票代码：02611 | 股票简称：国泰君安 | 上市地点：香港联合交易所 | | 股票代码：600837 | 股票简称：海通证券 | 上市地点：上海证券交易所 | | 股票代码：06837 | 股票简称：海通证券 | 上市地点：香港联合交易所 | 国泰君安证券股份有限公司 换股吸收合并 海通证券股份有限公司 并募集配套资金暨关联交易报告书摘要 | 吸收合并方 | 被吸收合并方 | | --- | --- | | 国泰君安证券股份有限公司 | 海通证券股份有限公司 | | 中国（上海）自由贸易试验区商城路618号 | 上海市广东路689号 | 吸收合并方独立财务顾问 被吸收合并方独立财务顾问 二〇二五年一月 国泰君安证券股份有限公司换股吸收合并海通证券股份有限公司并募集配套资金暨关联交易报告书摘要 吸收合并双方声明 本报告书摘要的目的仅为向公众提供有关本次交易的简要情况，并不包括重 组报告书全文的各部分内容。重组报告书全文同时刊载于上海证券交易所网站。 一、吸收合并双方及其全体董事 ...

中银国际证券股份有限公司 关于 国泰君安证券股份有限公司 换股吸收合并 海通证券股份有限公司 并募集配套资金暨关联交易 之 独立财务顾问报告 独立财务顾问 二〇二五年一月 1 中银国际证券股份有限公司 独立财务顾问报告 独立财务顾问声明和承诺 中银国际证券股份有限公司（以下简称"中银证券"或"本独立财务顾 问"）接受海通证券股份有限公司（以下简称"海通证券"）的委托，担任 本次国泰君安换股吸收合并海通证券并募集配套资金暨关联交易的海通证券 独立财务顾问，并制作本独立财务顾问报告。 本独立财务顾问报告是依据《公司法》《证券法》《重组管理办法》《26 号准则》《财务顾问办法》等法律、法规的有关规定，按照证券行业公认的 业务标准、道德规范，本着诚实信用、勤勉尽责的态度，遵循客观、公正原 则，在认真审阅相关资料和充分了解本次交易行为的基础上，发表独立财务 顾问意见，旨在就本次交易行为做出独立、客观和公正的评价，以供全体股 东及有关各方参考。 一、独立财务顾问声明 （一）本独立财务顾问与本次交易涉及的交易各方无利益关系，就本次 交易所发表的有关意见是完全独立的。 （二）本次交易涉及的各方当事人向本独立财务顾问提供了出具 ...