证券代码：600109 证券简称：国金证券 公告编号：临2024－80 | 债券名称 | | | | | | 国金证券股份有限公司 | 2024 第四期短期融资券 | | | | 年度 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 债券简称 | 24 | 国金证券 | | CP004 | | 债券流通代码 | 072410155 | | | | | | | 发行日 | 2024 | 年 月 | 10 | 9 | 日 | 起息日 | 2024 | 年 | 10 | 月 | 10 | 日 | | 兑付日 | 2025 | 年 2 | 月 | 13 | 日 | 期限 126 | | 天 | | | | | | 计划发行总额 | 10 | 亿元人民币 | | | | 实际发行总额 10 | 亿元人民币 | | | | | | | 票面利率 | 2.08% | | | | | 发行价格 100 | | | 元/百元面值 | | | | 本期发行短期融资券的相关文件已在以下网站上刊登： 1、中国货 ...

Investment Rating - The report maintains an "Accumulate" investment rating for Guojin Securities, indicating a projected increase of 5% to 15% relative to the CSI 300 index over the next six months [2][25]. Core Insights - Guojin Securities demonstrated resilience in its investment banking business despite a decline in overall revenue and net profit. The wealth management segment showed robust growth in client numbers and trading volumes, while the company maintained a strong position in equity financing [4][19]. - The report highlights a significant increase in equity financing, with a year-on-year growth of 136.90%, positioning the company as a leader among small and medium-sized securities firms [10][19]. - The company’s investment income, including fair value changes, decreased by 44.82%, reflecting challenges in equity self-investment, while fixed income investments yielded better returns [15][19]. Summary by Sections Financial Performance - For the first half of 2024, Guojin Securities reported operating revenue of 2.676 billion yuan, a decrease of 19.55% year-on-year, and a net profit attributable to shareholders of 455 million yuan, down 47.98% [4][6]. - The basic earnings per share (EPS) was 0.123 yuan, a decline of 47.66% compared to the previous year [4][6]. Business Segments - The brokerage, asset management, and net interest income segments saw an increase in their revenue share, while investment income and other revenues declined [7][19]. - The brokerage business achieved a net income of 771 million yuan, despite a slight decrease of 5.05% year-on-year [8][19]. - The asset management business reported a total asset management scale of 131.82 billion yuan, reflecting a 6.74% increase from the end of 2023 [12][19]. Investment Banking - The investment banking segment's net income from fees was 462 million yuan, down 15.85% year-on-year, but the company ranked fourth in the industry for equity financing [10][19]. - The company maintained a stable bond financing scale, with a total underwriting amount of 44.12 billion yuan, a slight decrease of 4.55% year-on-year [10][19]. Market Position - Guojin Securities' wealth management business continued to grow, with a 10.99% increase in the number of clients and a 4.54% increase in trading volume [4][19]. - The company’s market share in margin financing remained stable, with a slight increase, while the stock pledge scale decreased by 17.08% [16][19]. Future Projections - The report forecasts EPS of 0.35 yuan and 0.38 yuan for 2024 and 2025, respectively, with corresponding book value per share (BVPS) of 8.95 yuan and 9.34 yuan [19][23]. - The price-to-book (P/B) ratios are projected to be 1.08 and 1.04 for 2024 and 2025, respectively, based on the closing price of 9.71 yuan on October 9, 2024 [19][23].

特此公告。 国金证券股份有限公司 董事会 二〇二四年九月十四日 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（以下简称"本公司"）于2023年9月15日 发行了2023年度第十五期短期融资券，发行金额为人民币15亿元，票面 利率为2.60%，发行期限为364天，兑付日为2024年9月13日。详见公司 于2023年9月18日在上海证券交易所网站（www.sse.com.cn）披露的《 关于2023年度第十五期短期融资券发行结果公告》以及2024年9月6日 登载于中国货币网（www.chinamoney.com.cn）、上海清算所网站（ www.shclearing.com）的《国金证券股份有限公司2023年度第十五期短 期融资券兑付公告》。 2024年9月13日，本公司兑付了该期短期融资券本息共计人民币 1,538,786,885.25元。 证券代码：600109 证券简称：国金证券 公告编号：临2024－79 国金证券股份有限公司 关于2023年度第十五期短期融资券兑付完成的公告 ...

证券代码：600109 证券简称：国金证券 公告编号：临2024－76 国金证券股份有限公司 关于 2024年度第二期短期融资券发行结果公告 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2024年度第二期短期融资券已于2024年9月 12日发行完毕，相关发行情况如下： 二〇二四年九月十三日 本期发行短期融资券的相关文件已在以下网站上刊登： 1、中国货币网，http://www.chinamoney.com.cn； 2、上海清算所网站，http://www.shclearing.com。 特此公告。 国金证券股份有限公司 董事会 | 债券名称 | | | | | 国金证券股份有限公司 第二期短期融资券 | | | 2024 | | 年度 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 债券简称 | 24 | 国金证券 | CP002 | | 债券流通代码 | | 072410143 | | | | | 发 ...

证券代码：600109 证券简称：国金证券 公告编号：临 2024－78 国金证券股份有限公司 关于公司独立董事辞职的公告 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个别及连带责任。 2024 年 9 月 12 日，公司董事会收到独立董事骆玉鼎先生提交的 书面辞职报告。因独立董事连任期限届满原因，骆玉鼎先生申请辞去 公司第十二届董事会独立董事及董事会专门委员会职务。 根据中国证监会《上市公司独立董事管理办法》等有关规定，骆 玉鼎先生在公司新任独立董事任职前将继续履职。公司董事会将按照 有关规定尽快完成独立董事的补选工作。 本公司董事会对骆玉鼎先生任职期间为公司发展做出的重要贡 献表示衷心感谢。 特此公告。 国金证券股份有限公司 董事会 二〇二四年九月十三日 ...

| 债券名称 | | | | 国金证券股份有限公司 第三期短期融资券 | | 2024 | | | 年度 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 债券简称 | 24 | 国金证券 | CP003 | 债券流通代码 | | 072410146 | | | | | 发行日 | 2024 | 年 9 月 | 11 日 | 起息日 | 2024 | 年 9 月 | | 12 | 日 | | 兑付日 | 2025 | 年 5 月 | 15 日 | 期限 | 245 | 天 | | | | | 计划发行总额 | 10 | 亿元人民币 | | 实际发行总额 | 10 | 亿元人民币 | | | | | 票面利率 | 2.03% | | | 发行价格 | 100 | | 元/百元面值 | | | 本期发行短期融资券的相关文件已在以下网站上刊登： 1、中国货币网，http://www.chinamoney.com.cn； 2、上海清算所网站，http://www.shclearing.com。 特此公告。 证券代码：600109 证券简 ...

证券研究报告|公司点评报告 [Table_Date] 2024 年 09 月 05 日 [Table_Title] 投资拖累整体业绩，投行表现好于市场 | --- | --- | --- | --- | |------------------------------|------------------------|-----------------------|------------| | [Table_DataInfo] 评级： 买入 | | 股票代码： | 600109.SH | | 上次评级： | 买入 | 52 周最高价/最低价： | 10.13/6.97 | | | 目标价格： 总市值(亿元 | ) | 264.71 | | 最新收盘价： | 7.13 | 自由流通市值(亿元 ) | 228.13 | | | | 自由流通股数(百万股 ) | 3,200 | [Table_Summary] 事件概述 国金证券发布 2024 年中报。2024 年上半年，公司实现营业收入 26.76 亿元，同比-19.55%；归母净利润 4.55 亿元，同比-47.98%；归母扣非净利润 4.50 亿元，同比-45 ...

Group 1: Event Details - The event will be held online on September 12, 2024, from 13:00 to 17:00 [1] - Investors can participate via "Shanghai Stock Exchange Roadshow Center" and "Panorama Roadshow" [1] Group 2: Company Participation - Guojin Securities will participate in the "2024 Investor Online Collective Reception Day and Semi-Annual Report Performance Briefing" [1] - Company executives will discuss the 2024 semi-annual performance, governance, development strategy, operational status, and sustainability [1] Group 3: Investor Engagement - The event aims to enhance interaction and communication with investors [1] - Investors are encouraged to actively participate in the discussions [1]

[Table_MainInfo] 公司研究/金融/券商 证券研究报告 国金证券（600109）公司半年报点评 2024 年 09 月 02 日 [Table_InvestInfo] 投资评级 优于大市 维持 | --- | --- | |-----------------------------------------------------|-------------| | 股票数据 | | | [ 09 Table_StockInfo 月 02 日收盘价（元） ] | 7.03 | | 52 周股价波动（元） | 6.97-10.13 | | 股本结构 | | | [ 总股本（ Table_CapitalInfo 百万股） ] | 3713 | | 流通 A 股（百万股） | 3200 | | B 股 /H 股（百万股） 相关研究 | 0/0 | | [Table_ReportInfo] 《 2023 年自营表现大幅回升， | 24Q1 再融 | | 资承销规模逆市增长》 | 2024.05.01 | 市场表现 [Table_QuoteInfo] 国金证券 海通综指 -24.39% -17.39% -10 ...

Financial Performance - The company's operating revenue for the first half of 2024 was CNY 2,676,403,946.98, a decrease of 19.55% compared to the same period last year[19]. - The net profit attributable to shareholders of the parent company was CNY 454,876,497.88, down 47.98% year-on-year[19]. - The net cash flow from operating activities was CNY 5,384,553,279.84, showing a significant improvement from a negative cash flow of CNY -1,075,591,743.13 in the previous year[19]. - Total assets at the end of the reporting period were CNY 114,927,472,991.58, a decrease of 1.80% from the end of the previous year[19]. - The total liabilities decreased by 2.34% to CNY 82,268,533,665.27 compared to the previous year[19]. - Basic earnings per share for the first half of 2024 were CNY 0.123, a decline of 47.66% from CNY 0.235 in the same period last year[20]. - The weighted average return on equity decreased to 1.39%, down 1.38 percentage points from the previous year[20]. - The company reported a total of CNY 4,468,786.73 in non-recurring gains and losses for the reporting period[25]. Shareholder Actions - The company completed a share buyback of 11,799,800 shares in April 2024, with a total expenditure of ¥99,993,183, accounting for 21.98% of the net profit attributable to shareholders for the first half of 2024[3]. - The company does not plan to distribute additional cash dividends for the first half of 2024[3]. - The company completed another repurchase of 22,102,002 shares, with a total fund of no less than RMB 150 million and no more than RMB 300 million, intended for employee stock ownership plans and/or equity incentives[187]. - The company has a three-year shareholder return plan for 2024-2026, ensuring a commitment to shareholder value[163]. Risk Management - The company faces liquidity risk, market risk, credit risk, operational risk, and reputational risk in its business activities[134]. - The company has established a comprehensive risk management system, including various risk management policies and a dedicated risk management committee[139]. - The company is enhancing its risk monitoring capabilities through the development of a digital risk perception system and optimizing risk data standards[139]. - The company has a robust framework for managing liquidity risk, ensuring that liquidity ratios remain above regulatory thresholds[136]. - The company employs sensitivity analysis to monitor interest rate risk and uses government bond futures to hedge part of the interest rate risk exposure[143]. Business Strategy and Development - The company aims to enhance its financial services by focusing on high-quality development and supporting the real economy[30]. - The company is actively optimizing its bond business structure, increasing the proportion of AAA and AA+ rated bonds[30]. - The company is expanding its wealth management services by integrating a full product matrix into customer demand scenarios[31]. - The company is enhancing its investment management capabilities and risk control in its asset management business[31]. - The company aims to enhance its wealth management business by focusing on a buyer's advisory transformation and improving customer satisfaction through comprehensive financial services[52]. Corporate Governance - The company's governance structure includes a board of directors and supervisory board, all of whom attended the board meeting[2]. - The company experienced changes in its board and management, with several resignations and new elections, including the election of Zhang Ying as a supervisor and Lei Jiaxiao as an independent director[148]. - The company held its first extraordinary general meeting on January 15, 2024, approving the election of the tenth supervisory board members and the selection of an accounting firm[147]. - The company appointed new directors and an independent director during the annual shareholders' meeting held on June 12, 2024[182]. Environmental and Social Responsibility - The company actively promotes green finance services to support sustainable development in various industries[156]. - The company has implemented strict environmental policies to minimize operational impacts and promote resource efficiency[154]. - A total of 850,000 RMB was allocated for poverty alleviation and rural revitalization efforts, with 4 projects initiated across Xinjiang, Hunan, and Jiangxi[159]. - The company donated 300,000 RMB for rural infrastructure projects in Hunan, benefiting 655 households and 2,048 individuals through improved drinking water and road conditions[160]. Market Position and Competitive Landscape - The company aims to strengthen its high-credit-rated bond business and expand into bonds encouraged by the state, such as "Belt and Road" bonds and green transition bonds[40]. - The company is committed to providing high-quality investment banking services and expanding its brand influence in the Hong Kong IPO market[102]. - The company will continue to innovate and optimize its business dimensions to enhance its competitive advantage in the market[50]. - The company is focusing on building a comprehensive financial service solution that integrates a full product matrix tailored to customer needs[41].