独立董事候选人声明与承诺 本人何建军，已充分了解并同意由提名人湘财股份有限公司董事会提名为湘财股份 有限公司第十届董事会独立董事候选人。本人公开声明，本人具备独立董事任职资格， 保证不存在任何影响本人担任湘财股份有限公司独立董事独立性的关系，具体声明并承 诺如下： 一、本人具备上市公司运作的基本知识，熟悉相关法律、行政法规、部门规章及其 他规范性文件，具有 5 年以上法律、经济、会计、财务、管理或者其他履行独立董事职 责所必需的工作经验。 本人已完成独立董事履职学习平台的培训。 二、本人任职资格符合下列法律、行政法规和部门规章以及公司规章的要求： （六）中共中央纪委、教育部、监察部《关于加强高等学校反腐倡廉建设的意见》 的相关规定（如适用）； （七）中国人民银行《股份制商业银行独立董事和外部监事制度指引》等的相关规 定（如适用）； 1 （八）中国证监会《证券基金经营机构董事、监事、高级管理人员及从业人员监督 管理办法》等的相关规定（如适用）； （九）《银行业金融机构董事（理事）和高级管理人员任职资格管理办法》《保险公 司董事、监事和高级管理人员任职资格管理规定》《保险机构独立董事管理办法》等的 相关规定（如适 ...

独立董事提名人声明与承诺 提名人湘财股份有限公司董事会，现提名何建军为湘财股份有限公司第十届董事会 独立董事候选人，并已充分了解被提名人职业、学历、职称、详细的工作经历、全部兼 职、有无重大失信等不良记录等情况。被提名人已同意出任湘财股份有限公司第十届董 事会独立董事候选人（参见该独立董事候选人声明）。提名人认为，被提名人具备独立 董事任职资格，与湘财股份有限公司之间不存在任何影响其独立性的关系，具体声明并 承诺如下： 一、被提名人具备上市公司运作的基本知识，熟悉相关法律、行政法规、规章及 其他规范性文件，具有 5 年以上法律、经济、会计、财务、管理或者其他履行独立董事 职责所必需的工作经验。 被提名人已完成独立董事履职学习平台的培训。 1 （七）中国人民银行《股份制商业银行独立董事和外部监事制度指引》等的相关规 定（如适用）； （八）中国证监会《证券基金经营机构董事、监事、高级管理人员及从业人员监督 管理办法》等的相关规定（如适用）； 二、被提名人任职资格符合下列法律、行政法规和部门规章的要求： （一）《中华人民共和国公司法》关于董事任职资格的规定； （二）《中华人民共和国公务员法》关于公务员兼任职务的规定 ...

二、审议通过《关于增补第十届董事会独立董事的议案》 证券代码：600095 证券简称：湘财股份 公告编号：临2025-078 湘财股份有限公司 第十届董事会第十七次会议决议公告 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。 湘财股份有限公司（以下简称"公司"）第十届董事会第十七次会议于 2025 年 10 月 29 日以通讯表决方式召开，会议通知于 2025 年 10 月 23 日以直接送达或通讯方式发 出。会议应出席董事 9 人，实际参会董事 9 人，公司高级管理人员列席了会议。本次董 事会由董事长史建明先生主持，会议的召集、召开及表决程序符合有关法律、行政法规、 部门规章、规范性文件和《湘财股份有限公司章程》的规定。 会议审议通过了以下事项： 一、审议通过《公司 2025 年第三季度报告》 《公司 2025 年第三季度报告》中的财务信息已经公司董事会审计委员会事前审议 通过，并同意提交董事会审议。 表决结果：9 票同意、0 票反对、0 票弃权。 具体内容详见同日在上海证券交易所网站披露的《湘财股份2025年第三季度报告》 ...

Financial Performance - Total operating income for Q3 2025 reached ¥655,264,082.22, an increase of 43.77% compared to the same period last year[5] - Net profit attributable to shareholders for Q3 2025 was ¥300,132,295.31, reflecting a significant increase of 315.25% year-on-year[5] - The total profit for the first three quarters of 2025 was ¥601,156,262.92, up 176.36% from the previous year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2025 was ¥289,447,504.40, a rise of 326.63% year-on-year[5] - Net profit for the first three quarters of 2025 was ¥439,672,886.33, significantly higher than ¥142,364,439.21 in 2024, indicating strong financial performance[25] - The net profit attributable to the parent company shareholders for the first three quarters of 2025 is approximately ¥441.75 million, compared to ¥145.61 million in the same period of 2024, representing a significant increase[26] - The total comprehensive income attributable to the parent company for the first three quarters of 2025 is approximately ¥432.39 million, compared to ¥120.93 million in the same period of 2024, indicating a substantial growth[26] - Basic and diluted earnings per share for the first three quarters of 2025 are both ¥0.1546, up from ¥0.0510 in the same period of 2024, reflecting improved profitability[26] Assets and Liabilities - The company’s total assets increased by 15.39% to ¥44,493,619,727.85 compared to the end of the previous year[6] - The company's total assets increased to ¥44,493,619,727.85 in 2025 from ¥38,559,887,736.68 in 2024, demonstrating growth in asset base[21] - Total liabilities rose to ¥32,253,777,469.22 in 2025, up from ¥26,716,554,660.29 in 2024, indicating increased leverage[21] - The company's equity attributable to shareholders increased to ¥12,221,731,706.57 in 2025 from ¥11,823,145,632.38 in 2024, reflecting improved shareholder value[21] Cash Flow - The company’s cash flow from operating activities for the first three quarters of 2025 showed a net outflow of ¥1,670,341,812.10, a decrease of 74.87% compared to the previous year[6] - Cash inflows from operating activities for the first three quarters of 2025 amount to approximately ¥7.66 billion, down from ¥12.61 billion in the same period of 2024, indicating a decline in operational cash generation[28] - The net cash flow from operating activities for the first three quarters of 2025 is approximately ¥1.67 billion, compared to ¥6.65 billion in the same period of 2024, showing a significant decrease[28] - The net cash flow from investing activities for the first three quarters of 2025 is approximately -¥131.34 million, compared to -¥33.86 million in the same period of 2024, indicating increased cash outflow for investments[29] - The net cash flow from financing activities for the first three quarters of 2025 is approximately ¥1.10 billion, compared to -¥2.08 billion in the same period of 2024, showing a recovery in financing activities[29] - The total cash and cash equivalents at the end of the first three quarters of 2025 is approximately ¥19.99 billion, up from ¥17.58 billion at the end of the same period in 2024, indicating improved liquidity[29] Investments and Subsidiaries - The company’s subsidiary, Xiangcai Securities, achieved a net profit of ¥487 million, a year-on-year increase of 66.71%[7] - The company reported a significant increase in investment income to ¥487,123,683.56 in 2025 from ¥109,042,591.30 in 2024, highlighting successful investment strategies[25] Operational Changes - The company actively reduced its trading business, leading to a significant decline in trading revenue, which contributed to a 71.49% decrease in operating income for Q3 2025[7] - The company announced a major asset restructuring plan to merge with Shanghai Dazhihui Co., Ltd. through a share swap and raise supporting funds, with the proposal approved by the board on March 28, 2025[16] - The company received notice from the Shanghai Stock Exchange on October 23, 2025, confirming the acceptance of its application for issuing shares to purchase assets and raise supporting funds[18] - The company’s total current assets amounted to RMB 35,737,511,942.06, an increase from RMB 31,635,717,484.49 as of December 31, 2024, reflecting a growth of approximately 13.2%[19] - The company reported a significant increase in accounts receivable, which rose to RMB 1,681,794,366.11 from RMB 1,014,276,041.74, marking a growth of approximately 66.5%[19] - The company’s long-term equity investments decreased to RMB 1,569,018,861.05 from RMB 1,901,553,789.27, indicating a decline of about 17.4%[19] - The company’s total liabilities and equity structure will be impacted by the ongoing merger and acquisition activities, which are subject to regulatory approval[18] Cost Management - Total operating costs decreased to ¥1,673,750,550.25 in 2025 from ¥1,708,644,630.80 in 2024, reflecting a cost reduction strategy[25] - The company's financial expenses decreased to ¥38,113,715.53 in 2025 from ¥78,925,572.12 in 2024, indicating improved cost management[25] Government Support - The company received government subsidies amounting to ¥189,081.75 during the reporting period, contributing to its non-recurring gains[9] Communication and Governance - The company has maintained an active communication channel with investors, ensuring timely responses to inquiries and suggestions throughout the reporting period[17] - The company's major shareholders include New Lake Holdings Co., Ltd. with 689,855,361 shares, representing a significant portion of the equity structure[15] Accounting Standards - The company has not adopted new accounting standards or interpretations for the first time in 2025, maintaining consistency in financial reporting[30]

Core Viewpoint - Xiangcai Co., Ltd. (600095.SH) reported significant growth in both revenue and net profit for Q3 2025, indicating strong performance driven by its wholly-owned subsidiary, Xiangcai Securities, and improved financial management [1] Financial Performance - Q3 total revenue reached 655 million yuan, a year-on-year increase of 43.77% [1] - Net profit attributable to shareholders for Q3 was 300 million yuan, reflecting a substantial year-on-year growth of 315.25% [1] - Total revenue for the first three quarters amounted to 1.799 billion yuan, up 16.15% year-on-year [1] - Net profit attributable to shareholders for the first three quarters was 442 million yuan, showing a remarkable year-on-year increase of 203.39% [1] Subsidiary Performance - Xiangcai Securities capitalized on market opportunities, optimizing asset allocation, which led to significant improvements in brokerage, credit, investment advisory, and proprietary business performance [1] - The net profit for Xiangcai Securities reached 487 million yuan, marking a year-on-year increase of 66.71% [1] Investment Gains - The company’s equity investment in the affiliated company, Dazhihui, saw a substantial reduction in losses, contributing positively to overall financial performance [1] - The conversion of certain bondholders into equity resulted in increased investment income for the company [1] - Financial expenses for the company decreased year-on-year, further enhancing profitability [1]

Core Insights - The company reported a third-quarter revenue of 655 million, representing a year-on-year increase of 43.77% [1] - The net profit for the third quarter reached 300 million, showing a significant year-on-year growth of 315.25% [1] - For the first three quarters, the total revenue amounted to 1.799 billion, reflecting a year-on-year increase of 16.15% [1] - The net profit for the first three quarters was 442 million, which is a year-on-year increase of 203.39% [1]

Group 1 - The Shanghai Stock Exchange (SSE) has disclosed the evaluation results of information disclosure work for listed companies in the Shanghai market for the 2024-2025 period, which includes evaluations for 30 listed securities firms [1][2] - A total of 10 securities firms received an A rating, indicating excellent performance in information disclosure, including major firms such as CITIC Securities and Huatai Securities [1] - 18 firms received a B rating, indicating good performance, while 2 firms, Xiangcai Co. and Pacific Securities, received a C rating, indicating qualified performance [2] Group 2 - The evaluation results are based on the SSE's guidelines for self-regulation and information disclosure, which were recently revised to enhance the quality of information disclosure and protect investor rights [2] - The evaluation criteria consider the quality of information disclosure, the level of standardized operations, and the degree of protection for investor rights, categorizing firms into four levels: A (excellent), B (good), C (qualified), and D (unqualified) [2] - The revision of the evaluation guidelines aims to implement new policies and strengthen the regulatory framework for information disclosure, thereby enhancing the investment value of listed companies [2]

Core Viewpoint - The Shanghai Stock Exchange has released the evaluation results of information disclosure work for listed companies for the years 2024 to 2025, highlighting the importance of information disclosure quality in enhancing investor protection and market stability [2][5]. Group 1: Evaluation Results - A total of 30 listed securities firms were evaluated, with 10 firms receiving an A rating, including CITIC Securities, Guojin Securities, and Huatai Securities [2][3]. - 18 firms received a B rating, while 2 firms, Xiangcai Securities and Pacific Securities, received a C rating [3][2]. Group 2: Importance of Information Disclosure - The evaluation serves as a "report card" for annual information disclosure, promoting the responsibility of listed companies to serve investors and improve the effectiveness of information disclosure [2][3]. - The evaluation criteria include the quality of information disclosure, the level of compliance in operations, and the degree of investor rights protection, categorized into four levels: A (excellent), B (good), C (qualified), and D (unqualified) [3][5]. Group 3: Regulatory Changes - The revisions to the evaluation guidelines are part of the implementation of new national policies aimed at strengthening information disclosure regulation and enhancing the investment value of listed companies [5][4]. - The updated guidelines emphasize stricter oversight of information disclosure, penalties for financial fraud, and the promotion of cash dividend policies [5]. Group 4: Company Responses - CITIC Securities highlighted its commitment to high-quality information disclosure, governance, and investor relations, which contributed to its A rating [5][6]. - Industrial firms like Industrial Securities have maintained the highest rating for eight consecutive years, reflecting their governance quality and transparency in operations [6].

Core Insights - The securities sector experienced significant fluctuations, with notable gains in several companies, including Xiangcai Co., which rose over 8% [1] - Other companies that saw substantial increases include Dongxing Securities, Huatai Securities, Huaxin Securities, Xinda Securities, and Guoyuan Securities, all of which ranked among the top gainers in the sector [1] Company Performance - Xiangcai Co. reported a rise of more than 8% in its stock price [1] - Dongxing Securities, Huatai Securities, Huaxin Securities, Xinda Securities, and Guoyuan Securities also showed strong performance, contributing to the overall positive trend in the securities sector [1]

每经AI快讯，湘财股份（SH 600095，收盘价：13.12元）10月27日晚间发布公告称，湘财股份有限公司 控股股东的一致行动人衢州信安发展股份有限公司持有公司股份约4.64亿股，占公司总股本的16.24%， 本次解除质押后衢州发展累计质押股份数量约为3.66亿股，占其持股数量的78.89%，占公司总股本的 12.81%。衢州发展及其一致行动人合计持有公司股份约11.54亿股，占公司总股本的40.37%，本次解除 质押后衢州发展及其一致行动人累计质押股份数量约为10.56亿股，占其持股数量的91.5%，占公司总股 本的36.94%。 2024年1至12月份，湘财股份的营业收入构成为：其他证券业占比75.27%，贸易占比18.68%，其他业务 占比4.85%，大豆深加工占比0.39%，防水卷材占比0.36%。 截至发稿，湘财股份市值为375亿元。 每经头条（nbdtoutiao）——独家丨民营船王入主杉杉集团横生枝节 重整联合体浮现神秘组局人 （记者 曾健辉） ...