Financial Data and Key Indicator Changes - The global data center market size grew by 10% year-on-year to $67.93 billion in 2021, with China's market growing at a compound annual growth rate (CAGR) of 30.78% from 2017 to 2021, reaching approximately 150 billion yuan [13][12] - China's copper processing material production in 2023 reached 20.85 million tons, a year-on-year increase of 2.96% [21] Business Line Data and Key Indicator Changes - Data center copper demand is primarily concentrated in power distribution equipment (75%), grounding and interconnection (22%), and HVAC (3%) [39] - The production of copper foil in China increased from 620,000 tons in 2021 to 890,000 tons in 2023, with a CAGR of 19.81% [35] Market Data and Key Indicator Changes - The number of global 5G base stations reached 5.17 million by the end of 2023, with China accounting for 65% of this total [18] - The demand for PCB copper in new 5G base stations is projected to be 56,000 tons globally by 2026 [4] Company Strategy and Development Direction and Industry Competition - The rise of AI and high-performance computing is reshaping data processing and transmission, leading to increased copper demand in data centers and 5G base stations [10][8] - The domestic production capacity for copper strip products is gradually meeting market demand, but high-end products still require technological breakthroughs [2][30] Management's Comments on the Operating Environment and Future Outlook - The AI-driven demand for data centers and 5G infrastructure is expected to maintain a tight balance between copper supply and demand, with long-term growth in copper consumption anticipated [4][5] - The company emphasizes the need for high-end copper alloy materials and the importance of technological advancements in meeting future demand [5][2] Other Important Information - The net import of copper foil in China decreased to 39,200 tons in 2023, indicating a trend towards self-sufficiency in copper processing materials [39] - The average import price of electronic copper foil in China was significantly higher than the export price, highlighting the need for further development in high-end copper products [39] Q&A Session Summary Question: What are the growth prospects for the AI and data center sectors? - The global AI market is expected to grow at a CAGR of 58% from 2022 to 2027, reaching approximately $400 billion, which will drive demand for copper in data centers [8] - The introduction of high-performance AI servers will significantly increase the power requirements and copper usage in data centers [49]

Financial Data and Key Indicators Changes - The central government has emphasized the importance of "digesting existing housing stock and optimizing new housing supply" as a key focus for the real estate sector, indicating a renewed commitment to inventory reduction strategies [6][22] - Local governments are facing limited debt issuance capacity, with only a few developed regions able to leverage further, which may hinder the scale and speed of inventory reduction efforts [22][24] Business Line Data and Key Indicators Changes - Various inventory reduction models have been identified, including consignment sales, old-for-new exchanges, repurchase and storage, subsidy issuance, and old-to-guarantee models, each with different operational requirements and effectiveness [3][6][21] - The old-for-new exchange model has shown promising results in pilot cities, with significant increases in project visitations and sales in areas like Nanjing and Wuxi [14][15] Market Data and Key Indicators Changes - Over 54 cities have implemented housing "old-for-new" policies to support residents in selling existing homes and purchasing new ones, indicating a broad market response to the central government's directives [6][22] - The repurchase and storage model, where local governments buy unsold new homes, is expected to accelerate inventory reduction but requires substantial funding, which may come from central government support [18][20] Company Strategy and Development Direction and Industry Competition - The industry is shifting towards a focus on improving liquidity in the housing market through various models, with a particular emphasis on the "old-for-new" strategy as a key driver for inventory reduction [6][21] - Companies that can maintain land acquisition capabilities and focus on core urban areas are expected to benefit from the evolving market dynamics, with recommendations for firms like Jianfa International Group and Greentown China [22] Management's Comments on Operating Environment and Future Outlook - Management has indicated that the current operating environment is challenging, with the need for central government support to facilitate effective inventory reduction [22] - The expectation is that as inventory reduction measures take effect, market sentiment will improve, leading to a potential recovery in real estate stock prices and valuations [22] Other Important Information - The central government's leverage ratio is lower than that of local governments, which may impact the funding available for inventory reduction initiatives [22][24] - The "old-to-guarantee" model is currently in a trial phase in Zhaoqing, with its effectiveness yet to be fully assessed [21] Q&A Session Summary Question: What are the inventory reduction models and their effectiveness? - The five models include consignment sales, old-for-new exchanges, repurchase and storage, subsidy issuance, and old-to-guarantee, each with varying levels of implementation success and market impact [3][6][21] Question: Where will the funding for inventory reduction come from? - Local governments have limited capacity for debt issuance, necessitating central government support for effective funding of inventory reduction efforts [22][24] Question: What are the necessary supporting policies for inventory reduction? - It is suggested that restrictive measures on the demand side should be gradually relaxed, and mortgage rates are expected to continue decreasing to alleviate repayment pressures [22]

Financial Data and Key Indicator Changes - In April, new social financing (社融) recorded a historical low of -198.7 billion yuan, compared to 1.22 trillion yuan in the same period last year [5][14] - New RMB loans were approximately 330 billion yuan, showing little year-on-year change [5][14] - M1 growth turned negative at -1.4%, while M2 growth decreased to 7.2%, down 1.1 percentage points [16][17] Business Line Data and Key Indicator Changes - Corporate medium and long-term loans decreased by nearly 260 billion yuan, while short-term loans hit a record low of -410 billion yuan [7][16] - The total amount of bills financing reached approximately 840 billion yuan, a year-on-year increase of over 710 billion yuan [7][16] Market Data and Key Indicator Changes - The government bond financing turned negative at -98.4 billion yuan, significantly impacted by slow local bond issuance and large maturing amounts [5][14] - Direct financing (corporate bonds + stock financing) collectively decreased by over 320 billion yuan year-on-year [5][14] Company Strategy and Development Direction and Industry Competition - The company is expected to see a gradual increase in government bond financing in May, which may help boost related financing needs [12][14] - The economic outlook for 2024 is projected to be "first rising, then stabilizing," indicating a steady recovery [12] Management's Comments on Operating Environment and Future Outlook - The management highlighted that the self-generated financing demand remains weak and requires policy support, with government bond financing still in a "window period" [12][18] - The implementation of stable real estate policies is crucial, as weak property sales and consumer sentiment need to be addressed [9][12] Other Important Information - The April financing landscape indicates that the overall financing demand from the real economy is still weak and needs policy support [12][18] - The risk of policy implementation falling short of expectations due to debt suppression and project quality issues was noted [18] Q&A Session Summary Question: What are the implications of the recent financing data? - The recent data indicates a significant decline in social financing, which may lead to tighter liquidity conditions for businesses and consumers [5][14] Question: How does the company plan to address the weak financing demand? - The company plans to closely monitor the implementation of government policies aimed at stabilizing growth and enhancing financing conditions [12][18]

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。 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： （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 （如适用）； （三）中国证监会《上市公司独立董事管理办法》、上海证券交 易所自律监管规则以及公司章程有关独立董事任职资格和条件的相 关规定； （四）中共中央纪委、中共中央组织部《关于规范中管干部辞去 公职或者退（离）休后担任上市公司、基金管理公司独立董事、独立 监事的通知》的规定（如适用）； （五）中共中央组织部《关于进一步规范党政领导干部在企业兼 职（任职）问题的意见》的相关规定（如适用）； （六）中共中央纪委、教育部、监察部《关于加强高等学校反腐 独立董事候选人声明与承诺 本人雷家骕，已充分了解并同意由提名人国金证券股份有限公司 （以下简称"公司"）董事会提名为公司第十二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 ...

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。 独立董事提名人声明与承诺 提名人国金证券股份有限公司（以下简称"公司"）董事会，现 提名雷家骕为公司第十二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公司第十二届董事会独立 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： （二）《中华人民共和国公务员法》关于公务员兼任职务的规定 （如适用）； （三）中国证监会《上市公司独立董事管理办法》、上海证券交 易所自律监管规则以及公司章程有关独立董事任职资格和条件的相 关规定； （四）中共中央纪委、中共中央组织部《关于规范中管干部辞去 公职或者退（离）休后担任上市公司、基金管理公司独立董事、独立 1 监事的通知》的规定（如适用）； （五）中共中央组织部《关于进一步规范党政领导干部在企业兼 职（任职）问题 ...

关于"21 国金 02"公司债券兑付完成的公告 证券代码：600109 证券简称：国金证券 公告编号：临 2024－47 债券代码：188108 债券简称：21 国金 02 国金证券股份有限公司 董事会 二〇二四年五月二十日 2024 年 5 月 17 日，本公司"21 国金 02"公司债券已兑付完成 并摘牌，兑付本金总额为人民币 1,500,000,000 元，兑付利息总额为 人民币 53,250,000.00 元。 特此公告。 国金证券股份有限公司 国金证券股份有限公司（以下简称"本公司"）于 2021 年 5 月 17 日发行了 2021 年公开发行公司债券(面向专业投资者)(第一 期)(品种二)（债券简称：21 国金 02、债券代码：188108）,发行总 额为人民币 15 亿元，票面利率为 3.55%，发行期限为 3 年。详见公 司 于 2024 年 5 月 10 日 登 载 于 上 海 证 券 交 易 所 网 站 （http://www.sse.com.cn）的《国金证券股份有限公司 2021 年公开 发行公司债券(面向专业投资者)(第一期)(品种二)2024 年本息兑付 及摘牌公告》。 本公司董 ...

证券代码：600109 证券简称：国金证券 公告编号：临 2024-46 国金证券股份有限公司 关于召开 2023 年年度股东大会的通知 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： 一、 召开会议的基本情况 (一) 股东大会类型和届次 2023 年年度股东大会 召开的日期时间：2024 年 6 月 12 日 14 点 00 分 召开地点：成都市东城根上街 95 号成证大厦 16 楼会议室 (五) 网络投票的系统、起止日期和投票时间。 股东大会召开日期：2024年6月12日 本次股东大会采用的网络投票系统：上海证券交易所股东大会网络投票 系统 (二) 股东大会召集人：董事会 (三) 投票方式：本次股东大会所采用的表决方式是现场投票和网络投票相结 合的方式 (四) 现场会议召开的日期、时间和地点 网络投票系统：上海证券交易所股东大会网络投票系统 网络投票起止时间：自 2024 年 6 月 12 日 至 2024 年 6 月 12 日 采用上海证券交易所网络投票系统，通过交易系统投票平台的投票时间为股 东大会召开 ...

证券代码：600109 证券简称：国金证券 公告编号：临 2024－45 国金证券股份有限公司 第十二届董事会第十四次会议决议公告 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个别及连带责任。 国金证券股份有限公司第十二届董事会第十四次会议于 2024 年 5 月 17 日在成都市东城根上街 95 号成证大厦 16 楼会议室召开，会 议通知于 2024 年 5 月 12 日以电话和电子邮件相结合的方式发出。 会议应参加表决的董事八人，实际表决的董事八人。 会议由董事长冉云先生主持，会议符合《公司法》和公司《章程》 的有关规定。 经审议，与会董事形成如下决议： 一、审议通过《关于推选公司第十二届董事会董事候选人的议 案》 同意推荐邓菁晖女士为公司第十二届董事会董事候选人，同意推 荐雷家骕先生为公司第十二届董事会独立董事候选人。 本议案提交董事会前已经公司董事会提名委员会审议通过。 本议案尚需提交公司股东大会审议。 表决结果： 邓菁晖：同意 8 票；弃权 0 票；反对 0 票。 雷家骕：同意 8 票；弃权 0 票；反对 0 票。 本议案尚 ...

国金证券股份有限公司二〇二三年度股东大会会议材料 二〇二三年度股东大会 会议资料 二〇二四年六月 1 国金证券股份有限公司二〇二三年度股东大会会议材料 ★ 二〇二三年度股东大会文件目录 | 序号 | 文件内容 | | --- | --- | | 1 | 股东大会议程 | | 2 | 股东大会注意事项 | | 3 | 关于审议《二〇二三年度董事会工作报告》的议案 | | 4 | 关于审议《二〇二三年度监事会工作报告》的议案 | | 5 | 关于审议《二〇二三年度财务决算报告》的议案 | | 6 | 关于审议《二〇二三年度报告全文及摘要》的议案 | | 7 | 关于审议《二〇二三年度利润分配预案》的议案 | | 8 | 关于聘请公司二〇二四年度审计机构的议案 | | 9 | 关于审议二〇二三年度公司董事履职考核和薪酬情况的议案 | | 10 | 关于审议二〇二三年度公司监事履职考核和薪酬情况的议案 | | 11 | 关于预计公司二〇二四年度日常关联交易事项的议案 | | 12 | 关于审议公司《未来三年股东回报规划（2024-2026 年）》的议案 | | 13 | 关于选举公司第十二届董事会董事的议案 | | ...

2024 年付息公告 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个别及连带责任。 重要内容提示： | 证券代码：600109 | 证券简称：国金证券 公告编号：临 2024－44 | | --- | --- | | 债券代码：115414 | 债券简称：23 国金 04 | 国金证券股份有限公司 2023 年面向专业投资者公开发行公司债券(第三期) 国金证券股份有限公司 2023 年面向专业投资者公开发行公司债 券(第三期)（以下简称"本期债券"），将于 2024 年 5 月 27 日开始支 付自 2023 年 5 月 26 日至 2024 年 5 月 25 日期间的利息。为保证本次 付息工作的顺利进行，现将有关事宜公告如下： 一、本期债券的基本情况 1、债券名称：国金证券股份有限公司 2023 年面向专业投资者公 开发行公司债券(第三期) 2、债券简称：23 国金 04 二、本期债券本年度付息兑付情况 1、本年度计息期限：2023 年 5 月 26 日至 2024 年 5 月 25 日。 2、票面利率及付息金额：本期债券票面利率（ ...