此乃要件 請即處理 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通函的內容概不負責，對其準確性或完整性亦不發表任何 聲明，並明確表示，概不對因本通函全部或任何部分內容而產生或因依賴該等內容而引致的任何損失承擔任何責任。 閣下對本通函的任何內容或將採取的行動如有任何疑問，應諮詢 閣下的股票經紀或其他註冊證券交易商、銀行經 理、律師、專業會計師或其他專業顧問。 閣下如已售出或轉讓所有名下的本公司的股份，應立即將本通函連同隨附的代表委任表格送交買主或承讓人或經手買 賣或轉讓的銀行、股票經紀或其他代理商，以便轉交買主或承讓人。 （於中華人民共和國註冊成立之股份有限公司， 中文公司名稱為華泰證券股份有限公司，在香港以HTSC名義開展業務） （股份代號：6886） 2025 年度中期利潤分配方案 修 訂 公 司《 章 程 》 2025年9月26日 頁次 | 釋義 | | | 1 | | --- | --- | --- | --- | | 董事會函件 | | | 4 | | 2025年第一次臨時股東大會通告 | | | 12 | | 2025年第二次H股類別股東會通告 | | | 16 | | 附件一 | － | ...

| 024 | 公司業務概要 | | --- | --- | | 030 | | 公司治理 062 070 078 084 公司治理、環境和社會 重要事項 股份變動及股東情況 債券相關情況 財務報告及備查文件 目 錄 Contents 關於我們 | 004 | 重要提示 | | --- | --- | | 006 | 釋義 | | 010 | 公司簡介 | | 018 | 業績概覽 | 經營分析與戰略 | 106 | 中期審閱報告 | | --- | --- | | 194 | 備查文件目錄 | | 194 | 證券公司信息披露 | | 195 | 附錄：信息披露索引 | 管理層討論與分析 關於我們 ABOUT US 重要提示 釋義 公司簡介 業績概覽 004 006 010 018 重要提示 釋義 公司簡介 業績概覽 004 006 010 018 關於我們 ABOUT US HUATAI SECURITIES 重要提示 本公司董事會、監事會及董事、監事、高級管理人員保證中期報告內容的真實、準確、完整，不存 在虛假記載、誤導性陳述或重大遺漏，並承擔個別和連帶的法律責任。 未出席董事情況 | 未出席董事職務 ...

Group 1 - The market experienced fluctuations with the ChiNext Index rebounding over 2%, reaching a three-year high [1] - The trading volume in the Shanghai and Shenzhen markets was 2.37 trillion yuan, an increase of 44.3 billion yuan compared to the previous trading day [1] - Sectors such as gaming, AI applications, and controllable nuclear fusion saw significant gains, while port shipping, precious metals, and oil and gas sectors faced declines [1] Group 2 - Huatai Securities is optimistic about investment opportunities arising from the "14th Five-Year Plan" capacity electricity pricing and peak-valley price differences, predicting that by 2027-2030, the peak-valley price difference will reach around 0.4 yuan per kilowatt-hour [2] - CITIC Jiantou highlights the domestic dairy product deep processing sector entering a high growth phase, with future capacity expected to exceed 700,000 tons and B-end deep processing demand projected to exceed 26 billion yuan [3] - CITIC Securities anticipates that the weakness of the US dollar will persist at least until the end of 2025, influenced by narrowing monetary policy differentials and slowing economic momentum in the US [4]

Core Viewpoint - The housing rental market is expected to maintain a slight downward trend in market-driven rents due to continued supply expansion since 2025, while guaranteed rental housing remains stable under the support of essential demand from consumers [1] Group 1: Market Dynamics - The operating performance of guaranteed rental housing reinforces its dividend characteristics, contributing to the stability of market valuations, which are the highest among C-REIT sectors [1] - The scale of guaranteed rental housing REITs is anticipated to accelerate in expansion [1] Group 2: Demand and Supply Analysis - Housing demand is characterized by rigidity, and new policies may enhance consumer recognition of the housing rental market, leading to an increase in rental demand [1] - On the supply side, the pace of new additions is beginning to weaken marginally, with supply methods gradually shifting towards the renovation of existing properties, acquisition of commercial housing, and conversion of commercial properties to residential use, paving the way for the high-quality development of guaranteed rental housing REITs [1] Group 3: Investment Outlook - The sustained stability of guaranteed rental housing REITs' operations, combined with stable dividend payouts, solidifies their investment value [1]

Fund Overview - The fund is named Huatai Zijin Value Selected Mixed Securities Investment Fund, with a code of 025663 and categorized as a mixed securities investment fund [11] - The fund operates as a contractual open-end fund and has an indefinite duration [12] - The initial offering price for the fund shares is set at RMB 1.00 per share [12] Fund Management and Custody - The fund is managed by Huatai Securities (Shanghai) Asset Management Co., Ltd., and the custodian is China Merchants Bank Co., Ltd. [1][43] - The fund is open to individual investors, institutional investors, qualified foreign investors, and other investors permitted by laws and regulations [1][12] Fund Subscription Details - The subscription period is from October 13, 2025, to October 24, 2025, with the possibility of extension or shortening based on subscription conditions [2][12] - The minimum initial subscription amount is RMB 1.00, with subsequent subscriptions starting from RMB 0.01 [2][17] - A single investor cannot hold more than 50% of the total fund shares, and the fund manager reserves the right to reject applications exceeding this limit [3][17] Fund Investment Strategy - The fund's investment portfolio will consist of 60%-95% in stocks (including depositary receipts), with up to 50% of stock assets in Hong Kong Stock Connect stocks [8] - The fund may also invest in various financial instruments, including bonds, derivatives, and money market tools [7][8] Fund Performance and Risk - The fund's risk-return profile is expected to be higher than money market and bond funds but lower than equity funds [9] - Past performance does not guarantee future results, and the fund manager does not guarantee profits or minimum returns [9] Fund Subscription Process - Investors must open a fund account with Huatai Securities (Shanghai) Asset Management Co., Ltd. to subscribe [18] - Subscription applications must be submitted during specified hours, and cash subscriptions are not accepted [20][27] - The fund manager will handle all subscription-related fees, which will not be deducted from the fund's assets [44]

格隆汇9月26日丨根据联交所最新权益披露资料显示，2025年9月24日，华泰证券(06886.HK)遭江苏省苏豪控股集团有限公司在场内以每股均价18.88港元减 持247.6万股，涉资约4675万港元。 减持后，江苏省苏豪控股集团有限公司最新持股数目为274,243,400股，持股比例由16.10%下降至15.95%。 | 股份代號: | 06886 | | --- | --- | | 上市法國名稱: | 華泰證券股份有限公司 - H股 | | 日期 (日 / 月 / 年): | 26/08/2025 - 26/09/2025 | | 表格序號 | 大股東/董事/最高行政人員名 作出披露的買入 / 費出或涉及的 每股的平均價 | | | 持有權益的股份數目 佔已發行的 有關事件的日 相關法 | | --- | --- | --- | --- | --- | | | 부 大 | 股份數目 | | (請參閱上述*註 有投票權股期(日/月/ 份權益 | | | | | | 份自分比 年) | | | | | | 1961 | | CS20250925E00105 | 江苏省苏豪控股集团有限公 1201(L) | 2 ...

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之股份有限公司， 中文公司名稱為華泰證券股份有限公司，在香港以HTSC名義開展業務） （股份代號：6886） 海外監管公告 本公告乃根據上市規則第13.10B條規則作出。 茲載列本公司在上海證券交易所網站刊登之《華泰證券股份有限公司關於為間接 全資子公司發行中期票據提供擔保的公告》，僅供參閱。 釋義 於本公告，除文義另有所指外，下列詞彙具有以下涵義。 「本公司」 指 於中華人民共和國以華泰證券股份有限公司的公司名 稱註冊成立的股份有限公司，於2007年12月7日由前身 華泰證券有限責任公司改制而成，在香港以「HTSC」 名義開展業務，根據公司條例第16部以中文獲准名稱 「華泰六八八六股份有限公司」及英文公司名稱「Huatai Securities Co., Ltd.」註冊為註冊非香港公司，其H股於 2015年6月1日在香港聯合交易所有限公司主板上市（股 票代碼：6886），其A股 ...

| | 被担保人名称 | | Pioneer Reward | Limited | | --- | --- | --- | --- | --- | | | 本次担保金额 | | | 亿美元 5.00 | | 担保对象 | 实际为其提供的担保余额 | | | 40.96 亿美元 | | | 是否在前期预计额度内 | 是 | □否 | □不适用 | | | 本次担保是否有反担保 | □是 | 否 | □不适用 | 证券代码：601688 证券简称：华泰证券 公告编号：临 2025-053 华泰证券股份有限公司 关于为间接全资子公司发行中期票据提供担保的公告 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。 重要内容提示： 担保对象及基本情况 累计担保情况 | 对外担保逾期的累计金额（人民币亿元） | | - | | --- | --- | --- | | 截至本公告日上市公司及其控股子公司对外担保总额 （人民币亿元） | | 405.92 | | 对外担保总额占上市公司最近一期经审计净资产的比例 | | | | （%） | | ...

Core Viewpoint - Hongrun Construction Group is actively engaging with institutional investors to discuss its business status and development plans, highlighting its focus on stable cash flow from infrastructure projects rather than high profit margins [1] Business Status and Profit Levels - Hongrun Construction's urban infrastructure business is primarily concentrated in the Yangtze River Delta region, maintaining stable revenue through continuous order acquisition, emphasizing cash flow stability over high profit margins [2] - The real estate sector is currently in a phase of inventory reduction, with net profit in the first half of the year declining compared to 2024 due to the impact of land value-added tax settlements [2] New Energy Business - The new energy segment has turned profitable, with a net profit of 52 million yuan in the first half of 2025, recovering from losses in 2024, driven by stable component prices and contributions from photovoltaic EPC projects [3] - The company anticipates an annual component output of 2 to 2.5 GW, primarily through ODM, with cash flow expected to balance despite potential depreciation impacts [3] - Hongrun Construction has established strong partnerships with state-owned enterprises, allowing for further expansion in the new energy sector [3] Multi-Project Investment Returns - The company is benefiting from multiple projects, including an 80 MW photovoltaic power station in Qinghai and the Hangzhou-Shaoxing-Taihu high-speed rail project, which is expected to enhance profitability as train operations increase [4] Strategic Layout - The strategic plan of Hongrun Construction is centered around "Construction + New Energy + Technology," with a focus on integrating technology into its operations [5] - The company is actively involved in the robotics sector, leveraging its experience in joint research and development of shield tunneling robots [5] Capital Structure Optimization - In response to relaxed financing policies for real estate companies, Hongrun Construction successfully raised 500 million yuan through a private placement, optimizing its capital structure and enhancing its financing capabilities [6] - The company is involved in projects like the Ningbo Zhongxing Bridge, where it holds a 70% investment share, ensuring stable returns as the project enters the government buyback phase [6]

Core Viewpoint - The brokerage sector is experiencing active trading, with significant inflows into the top brokerage ETF, indicating a potential investment opportunity despite recent market corrections [1][3]. Group 1: Market Performance - The brokerage sector has seen a cumulative decline of 8.5% in the China Securities Company Index over the past month, with the price-to-book ratio dropping to 1.53, which is at a low level compared to the past decade [3]. - The average daily trading volume and margin financing scale have been increasing, suggesting a recovery in equity financing and a positive trend in the brokerage sector's fundamentals [3]. Group 2: Fund Inflows and ETF Performance - The top brokerage ETF (512000) has recorded a net inflow of 6.972 billion yuan over the last 20 trading days, reaching a total size of 35.226 billion yuan, marking a historical high [3][4]. - The ETF has consistently attracted significant capital, with an average daily trading volume exceeding 1 billion yuan this year, positioning it as one of the leading ETFs in A-shares [3]. Group 3: Analyst Insights - Analysts from Kaiyuan Securities express optimism about strategic allocation opportunities in the brokerage sector, highlighting its high profitability and favorable valuation [4]. - Shanxi Securities notes that ongoing capital market reforms and supportive financial policies are contributing to a stable recovery in the brokerage sector, with potential for steady growth through both internal and external development strategies [5].