证券代码：601688 证券简称：华泰证券 公告编号：临 2025-074 华泰证券股份有限公司关于间接全资子公司根据中期 票据计划进行发行并由全资子公司提供担保的公告 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 | | 被担保人名称 | | | 华泰国际财务有限公司 | | --- | --- | --- | --- | --- | | | 本次担保金额 | | | 亿美元 0.66 | | 担保对象 | 实际为其提供的担保余额 | | | 13.47 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 | 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 | | 435.21 | | | 元） | | | | | 对外担保总额占上市公司最近一期经审计净资产 ...

(一) 发放年度：2025年半年度 (二) 分派对象： 截至股权登记日下午上海证券交易所收市后，在中国证券登记结算有限责任公司上海分公司（以下简 称"中国结算上海分公司"）登记在册的本公司全体A股股东。 证券代码：601688 证券简称：华泰证券 公告编号：临2025-073 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： ● 每股分配比例 A股每股现金红利人民币0.15元（含税） 本次利润分配方案经华泰证券股份有限公司（以下简称"公司"）2025年10月17日的2025年第一次临时股 东大会审议通过。 二、 分配方案 本公司H股股东的分红派息实施不适用本公告，具体安排详见公司于2025年10月17日在香港交易及结算 所有限公司披露易网站（https://www.hkexnews.hk）及公司网站（https://www.htsc.com.cn）发布的公 告。 (三) 分配方案： 公司2025年中期利润分配以方案实施前的公司总股本9,026,863,786股为基数，每股派发现金红利人民币 0.15元（含税），共 ...

Core Insights - The report emphasizes the recovery of the securities industry in 2025, with a significant increase in profits driven by self-operated businesses, and anticipates continued growth in 2026 due to favorable policies and market conditions [6][15][26]. Section Summaries 1. 2025 Review: Recovery Begins - The securities industry saw a substantial improvement in profitability, with 43 listed brokers achieving a net profit of CNY 1,692.54 billion in the first three quarters of 2025, a year-on-year increase of 63.44% [15]. - The overall revenue for the same period reached CNY 4,216.23 billion, reflecting a 12.85% increase year-on-year [15]. - The recovery is supported by strong performance in brokerage and proprietary trading, with brokerage net income rising by 68% [18]. 2. Incremental Catalysts Expected, Performance Continues to Improve - The "14th Five-Year Plan" outlines a strategic direction for high-quality development in the financial sector, emphasizing the importance of a robust capital market [33]. - There is significant potential for increased market participation from institutional investors and retail investors, as the wealth effect from the capital market is expected to drive demand expansion [44][48]. 3. Comprehensive Performance Recovery, Growth Potential in Light Asset Businesses - The wealth management sector is recovering, with public funds showing high-quality development and increased market activity [18]. - Investment banking activities are also rebounding, particularly in the dual innovation sector, with IPOs and underwriting volumes expected to rise [18]. 4. Industry Structure Optimization: Building a First-Class Investment Bank - The report highlights the acceleration of mergers among leading brokers and the internationalization of Chinese brokers as key strategies for building a first-class investment bank [6][39]. - The integration of mergers and international expansion is seen as crucial for enhancing the competitive landscape of the industry [6][39]. 5. Profit Forecast: Continued ROE Improvement in 2026 - The report predicts that the return on equity (ROE) for the industry will continue to improve, with a projected net profit growth of 13% year-on-year under neutral assumptions for 2026 [6][39]. 6. Investment Recommendations: Focus on Structural Optimization and Alpha Catalysts - Investors are advised to pay attention to brokers benefiting from structural optimization and the recovery of wealth management, such as China International Capital Corporation, Huatai Securities, and CITIC Securities [6][39].

Group 1 - A-shares opened slightly higher with the Shanghai Composite Index up 0.04%, Shenzhen Component Index up 0.02%, and ChiNext Index up 0.01% [1] - Sectors such as robotics and non-ferrous metals showed strong performance [1] Group 2 - CITIC Securities highlighted strong investment enthusiasm in energy storage, with planned investment projects in Inner Mongolia expected to double compared to this year [2] - The demand for energy storage is expected to continue growing due to high load growth and the ongoing development of renewable energy [2] - Battery materials, including cathodes, anodes, electrolytes, and separators, are anticipated to see sustained price increases, with a positive outlook for battery and integration segments [2] Group 3 - Tianfeng Securities noted strong bottom-line support for the cement industry, with over 85% of clinker lines in northern provinces currently offline due to winter production restrictions [3] - The cement industry is expected to see a significant reduction in production capacity, with a total of 5,250 million tons of new capacity being added and 8,359 million tons of capacity being exited by November [3] - The effects of production capacity governance in the cement sector are expected to become evident by 2026 [3] Group 4 - Huatai Securities projected a steady recovery in domestic demand, driven by ongoing consumption policies and structural growth opportunities in the consumer sector [4] - The report emphasized four key investment themes for 2026: the rise of domestic brands, technology-driven consumption, emotional consumption, and undervalued high-dividend blue-chip leaders [4] - New consumer segments such as trendy toys, beauty and personal care, and ready-to-drink beverages are expected to emerge as strong growth areas [4]

Core Viewpoint - The report from Huatai Securities indicates that in 2025, the consumer market will continue to show differentiated performance, driven by the transformation of "people, goods, and venues" and technological advancements, leading to rapid innovation and structural growth opportunities in the consumption industry [1] Group 1: Industry Trends - The emergence of new consumption sectors such as trendy toys, beauty and personal care, and freshly made beverages is expected to produce a number of leading companies [1] - By 2026, ongoing consumer promotion policies are anticipated to stimulate supply and demand potential, with domestic demand likely to maintain a steady recovery trend [1] - The industry is expected to continue experiencing differentiated prosperity, with leading companies leveraging their advantages in innovation and integration for sustained growth [1] Group 2: Investment Focus - Four main investment themes are suggested: 1) The rise of domestic brands: Focus on trendy toys, beauty care, and gold jewelry brands that are reshaping competitive dynamics in both domestic and international markets [1] 2) Technology-enabled consumption: Emphasize the rapid increase in smart product penetration rates due to technological and product innovations [1] 3) Emotional consumption: Monitor the growth potential of leading companies in service consumption, freshly made beverages, pets, and new tobacco products as supply and demand dynamics evolve [1] 4) Undervalued high-dividend blue-chip leaders: Look for opportunities in companies that offer both defensive and offensive capabilities, particularly in the context of marginal recovery [1]

北京商报讯（记者 刘宇阳）12月3日，华泰证券发布2025年半年度A股权益分派实施公告。公告显示，华泰证 券2025年中期利润分配以方案实施前的公司总股本90.27亿股为基数，每股派发现金红利0.15元（含税），共 计派发现金红利13.54亿元（含税），其中A股普通股股份数为73.08亿股，本次派发A股现金红利10.96亿元 （含税）。此次分配的股权登记目为12月11日，现金红利发放日为12月12日。 证券代码:601688 证券简称:华泰证券 公告编号:临 2025-073 华泰证券股份有限公司2025年半年度A股权益分派实施公告 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。 A 股每股现金红利人民币0.15元(含税) ● 相关日期 | 股份类别 | 股权登记日 | 最后交易日 | 除权（息）日 现金红利发放日 | | --- | --- | --- | --- | | A 股 | 2025/12/11 | | 2025/12/12 2025/12/12 | ● 差异化分红送转:否 本公司 H 股股东的分红派息实施不适用本 ...

Group 1 - The core point of the article is that Huatai Securities has announced the issuance of its eighth phase of corporate bonds aimed at professional investors, with specific details regarding interest payments and maturity dates [1] - The bonds will start paying interest on December 12, 2025, covering the period from December 12, 2024, to December 11, 2025 [1] - The coupon rate for this bond issue is set at 3.35%, with a principal repayment of RMB 1,000 per bond and an interest distribution of RMB 33.50 (including tax) [1]

据悉，本期债券简称"22华泰10"，发行总额为人民币20亿元，本期债券票面利率(计息年利率)为 3.35%，每手本期债券兑付本金为人民币1000元，派发利息为人民币33.50元(含税)。 智通财经APP讯，华泰证券(06886)发布公告，该公司2022年面向专业投资者公开发行公司债券(第八期) (品种一)(以下简称"本期债券")，将于2025年12月12日开始支付自2024年12月12日至2025年12月11日期 间的利息和本期债券的本金。 ...

Group 1 - FTSE Russell announced the new candidate stocks for the FTSE China 50 Index, which include China Aluminum (601600)(02600), Hansoh Pharmaceutical (03692), Huatai Securities (601688)(06886), JD Health (06618), and New China Life Insurance (601336)(01336) [1] - On December 3, FTSE Russell announced adjustments to the FTSE China 50 Index, FTSE China A50 Index, FTSE China A150 Index, FTSE China A200 Index, and FTSE China A400 Index, effective after the market close on December 19, 2025 [2] - The adjustments will include the addition of China Hongqiao (01378), CATL (300750)(03750), and Heng Rui Medicine (600276)(01276) to the FTSE China 50 Index, while removing CITIC Securities H-share (06066), Great Wall Motor H-share (02333), and Li Auto-W (02015) [2]

据悉，本期债券简称"22华泰10"，发行总额为人民币20亿元，本期债券票面利率(计息年利率)为 3.35%，每手本期债券兑付本金为人民币1000元，派发利息为人民币33.50元(含税)。 华泰证券（601688）(06886)发布公告，该公司2022年面向专业投资者公开发行公司债券(第八期)(品种 一)(以下简称"本期债券")，将于2025年12月12日开始支付自2024年12月12日至2025年12月11日期间的利 息和本期债券的本金。 ...