Company Performance - Wenkang Capital reported a revenue of approximately 5.192 billion yuan for the first three quarters of 2025, representing a year-on-year decrease of 11.92% [1] - The net profit attributable to shareholders of the listed company was approximately 754 million yuan, down 38.05% year-on-year [1] - Basic earnings per share were 0.12 yuan, reflecting a decrease of 40% compared to the previous year [1] - As of the report date, Wenkang Capital's market capitalization stood at 26.9 billion yuan [1] Industry Insights - The Chinese innovative drug sector has seen significant overseas licensing sales, totaling 80 billion USD this year [1] - There is a contrast in the biopharmaceutical secondary market being active while the primary market is experiencing a fundraising slowdown [1]

Group 1 - The core point of the article is that Wukuang Capital (SH 600390) held its 27th meeting of the 9th board of directors on October 24, 2025, to discuss the reappointment of the auditing institution for the 2025 financial report and internal control [1] - For the first half of 2025, Wukuang Capital's revenue composition is as follows: leasing companies accounted for 37.21%, futures companies 28.15%, trust companies 17.16%, securities companies 15.13%, and other industries 2.33% [1] - As of the report date, Wukuang Capital has a market capitalization of 26.9 billion yuan [1] Group 2 - The article mentions that Chinese innovative drugs have sold overseas licenses worth 80 billion USD this year, highlighting the hot secondary market in biomedicine while questioning the cold fundraising environment in the primary market [1]

Financial Performance - Total operating income for Q3 2025 was CNY 1,861,888,269.10, a decrease of 7.71% compared to CNY 2,514,346,975.88 in the same period last year[6] - Net profit attributable to shareholders was CNY 228,820,359.34, down 28.46% from CNY 319,844,076.25 year-on-year[6] - Interest income decreased by 28.45% to CNY 740,705,316.89 from CNY 1,035,240,924.28 in the previous year[6] - The total profit for the quarter was CNY 234,635,670.57, down 49.33% from CNY 463,091,564.03 year-on-year[6] - Net profit attributable to shareholders for the year-to-date period decreased by 38.05%, mainly due to the transformation of the trust business and a reduction in commission income[12] - Basic earnings per share for Q3 2025 were CNY 0.04, a decrease of 20.00% from CNY 0.05 in the same period last year[6] - Basic earnings per share decreased by 40.00% year-to-date[12] - Net profit for the first three quarters of 2025 was CNY 889,936,616.81, down 43.14% from CNY 1,561,132,397.64 in 2024[26] - The company reported a total profit of CNY 993,684,167.00, down 48.93% from CNY 1,945,474,564.09 in 2024[26] Cash Flow - The net cash flow from operating activities for the year-to-date was CNY 2,235,682,704.25, down 66.55% compared to CNY 6,682,667,750.62 in the same period last year[6] - Cash flow from operating activities generated a net amount of CNY 2,235,682,704.25, a significant decrease from CNY 6,682,667,750.62 in the previous year[29] - Cash inflow from financing activities totaled $11.19 billion, up from $4.91 billion year-over-year[30] - Cash outflow from financing activities amounted to $12.66 billion, compared to $5.72 billion in the previous period[30] - Net cash flow from financing activities was -$1.47 billion, worsening from -$808.68 million year-over-year[30] - The net increase in cash and cash equivalents was $2.31 billion, down from $3.94 billion in the previous period[30] - The ending balance of cash and cash equivalents was $24.63 billion, slightly down from $24.82 billion year-over-year[30] Assets and Liabilities - Total assets as of the end of the reporting period were CNY 155,418,752,872.27, reflecting a decrease of 3.18% from the previous year-end[7] - The company's total assets of the company as of September 30, 2025, amounted to ¥155.42 billion, a decrease from ¥160.53 billion in the previous period[21] - Total liabilities increased to ¥101.15 billion from ¥98.76 billion, indicating a rise of about 2.3%[23] - The company's equity attributable to shareholders decreased to ¥44.39 billion from ¥52.03 billion, a decline of approximately 14.7%[23] - The company's total non-current assets decreased from ¥63.16 billion to ¥59.53 billion, a reduction of about 5.3%[22] - The company's total equity decreased from ¥61.77 billion to ¥54.27 billion, indicating a decline of approximately 12.1%[23] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 130,107[14] - The largest shareholder, China Minmetals Corporation, holds 2,117,064,042 shares, accounting for 47.07% of the total shares[14] - The total number of preferred shareholders at the end of the reporting period was 15[17] Revenue and Costs - Operating revenue for the current reporting period increased by 64.30% compared to the same period last year, primarily due to the growth of the subsidiary Wukuang[12] - Year-to-date operating revenue increased by 98.56%, driven by the expansion of the integrated business scale in industrial finance[12] - Total operating revenue for the first three quarters of 2025 was CNY 5,192,135,724.93, a decrease of 11.93% compared to CNY 5,894,683,430.01 in the same period of 2024[25] - Total operating costs increased to CNY 4,621,510,136.68, up 4.15% from CNY 4,437,216,451.83 in the previous year[26] Investment Activities - The company recognized an investment loss of CNY 36,714.58 million related to debt collection activities during the reporting period[9] - Cash inflow from investment activities totaled CNY 84,200,643,915.07, compared to CNY 30,159,815,409.30 in 2024, indicating a substantial increase[29] - Cash outflow from investment activities was CNY 82,650,721,863.70, up from CNY 32,091,767,455.80 in the previous year[29] Management Expenses - The company experienced a decrease in management expenses to CNY 1,631,108,133.82 from CNY 1,870,333,784.16, a reduction of 12.76%[26]

证券代码：600390 证券简称：五矿资本 公告编号：临2025-067 五矿资本股份有限公司 关于五矿证券计提预计负债的公告 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。 一、计提预计负债情况 为保护投资者合法利益，维护证券市场稳定，五矿资本股份有限 公司（以下简称"公司"）下属控股子公司五矿证券有限公司（以下简 称"五矿证券"）作为深圳市广道数字技术股份有限公司（以下简称"广 道数字"）的保荐机构和主承销商，拟出资设立广道数字事件先行赔付 专项基金（以下简称"专项基金"），用于先行赔付适格投资者的投资损 失。 为客观、公允地反映公司的财务状况与经营成果，基于谨慎性原 则，五矿证券根据《企业会计准则第13号—或有事项》《上海证券交易 所股票上市规则》等相关规定计提相关预计负债，基于本事件实际情 况，综合预计赔付的时间范围、可能性等因素，计提预计负债的金额 为2.10亿元。该负债将根据五矿证券在专项基金中确认的出资金额及 赔付需要进行调整。 二、本次计提预计负债对公司的影响 本次计提预计负债将减少公司2025年归属于上市公司 ...

证券代码：600390 证券简称：五矿资本 公告编号：临2025-065 五矿资本股份有限公司 第九届董事会第二十七次会议决议公告 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。 五矿资本股份有限公司（以下简称"公司"）第九届董事会第二 十七次会议于 2025 年 10 月 17 日由专人送达、电子邮件及传真的方 式发出，会议于 2025 年 10 月 24 日上午 10:10-11:30 在北京市东城区 朝阳门北大街3号五矿广场C1119会议室以现场会议及视频会议的方 式召开。会议应到董事 9 人，实到董事 9 人；公司部分高管列席了会 议。会议由公司董事长赵立功先生召集，经半数以上董事推举，由董 事、总经理、董事会秘书陈辉先生主持。本次会议的召开符合《公司 法》及其他有关法律、法规以及《公司章程》的规定，是合法、有效 的。与会董事经过认真审议，表决并通过如下决议： 本议案还须提交公司2025年第三次临时股东会审议批准。 此项议案的表决结果是：九票同意，零票反对，零票弃权，赞成 票占董事会有效表决权的100%。 一、《关于< ...

Core Viewpoint - The diversified financial sector experienced a slight increase of 0.37% on October 23, with Ruida Futures leading the gains. The Shanghai Composite Index closed at 3922.41, up 0.22%, while the Shenzhen Component Index also rose by 0.22% to 13025.45 [1]. Group 1: Market Performance - The diversified financial sector's stocks showed varied performance, with Ruida Futures closing at 23.13, up 6.34%, and Zhejiang Dongfang at 6.31, up 4.30% [1]. - The trading volume for Ruida Futures was 294,400 hands, with a transaction value of 674 million yuan [1]. - Other notable performers included Hongye Futures, which rose by 3.14% to 11.50, and Nanhua Futures, which increased by 2.79% to 21.73 [1]. Group 2: Capital Flow - The diversified financial sector saw a net outflow of 137 million yuan from major funds, while retail investors contributed a net inflow of 152 million yuan [2]. - Major funds showed a significant net inflow in Ruida Futures, amounting to 99.64 million yuan, representing 14.79% of its total trading [3]. - In contrast, Zhejiang Dongfang experienced a net outflow of 18.60 million yuan from major funds, indicating a negative sentiment among institutional investors [3].

Core Viewpoint - The stock of Minmetals Capital has shown a slight increase of 2.05% on October 21, 2023, with a trading volume of 139 million yuan and a total market capitalization of 26.808 billion yuan, despite a year-to-date decline of 7.51% [1]. Financial Performance - For the first half of 2025, Minmetals Capital reported an operating income of 3.33 billion yuan, a year-on-year decrease of 21.69%, and a net profit attributable to shareholders of 525 million yuan, down 41.47% year-on-year [2]. - The company has cumulatively distributed 5.171 billion yuan in dividends since its A-share listing, with 1.147 billion yuan distributed over the past three years [3]. Shareholder Information - As of June 30, 2025, the number of shareholders of Minmetals Capital increased to 143,800, up 1.72% from the previous period, while the average circulating shares per person decreased by 1.69% to 31,270 shares [2]. - Among the top ten circulating shareholders, Hong Kong Central Clearing Limited holds 71.3219 million shares, a decrease of 4.1877 million shares from the previous period, while Southern CSI 500 ETF increased its holdings by 4.463 million shares to 33.4793 million shares [3]. Business Segments - The main business revenue composition of Minmetals Capital includes: leasing segment 37.21%, futures segment 28.15%, trust segment 17.16%, securities segment 15.13%, and other segments 2.33%, with the investment segment contributing only 0.01% [1].

Core Viewpoint - The announcement details the implementation of a cash dividend distribution plan for the first half of 2025, approved by the board of directors and authorized by the shareholders' meeting [1][2]. Summary by Sections Dividend Distribution Plan - The cash dividend per share for A-shares is set at 0.006 yuan, amounting to a total cash dividend distribution of 26,988,392.75 yuan based on a total share capital of 4,498,065,459 shares [2][4]. Distribution Details - The distribution applies to all shareholders registered with the China Securities Depository and Clearing Corporation Limited Shanghai Branch as of the close of trading on the registration date [3]. - The dividend will be distributed through the clearing system of the China Securities Depository and Clearing Corporation, with specific instructions for shareholders who have or have not completed designated trading [5]. Taxation Information - For individual shareholders holding shares for over one year, the dividend is exempt from personal income tax. For those holding shares for one year or less, no withholding tax will be applied at the time of distribution [8]. - Qualified Foreign Institutional Investors (QFII) will have a 10% withholding tax applied, resulting in a net dividend of 0.0054 yuan per share after tax [9]. - Hong Kong investors through the Shanghai-Hong Kong Stock Connect will also receive a net dividend of 0.0054 yuan per share after a 10% withholding tax [9]. - Other institutional investors are responsible for their own tax obligations, with a gross dividend of 0.006 yuan per share [10]. Contact Information - For inquiries, the company can be contacted at its office in Beijing, with a provided phone number for further assistance [11].

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。 证券代码：600390 证券简称：五矿资本 公告编号：临 2025-064 五矿资本股份有限公司 2025年半年度权益分派实施公告 本次利润分配以方案实施前的公司总股本4,498,065,459股为基数，每股派发现金红利 0.006元（含税），共计派发现金红利26,988,392.75元。 重要内容提示： 每股分配比例 A 股每股现金红利0.006元 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 | 2025/10/15 | － | 2025/10/16 | 2025/10/16 | 差异化分红送转： 否 一、 通过分配方案的股东会届次和日期 本次利润分配方案经公司2025 年 5 月 16 日的2024年年度股东大会授权公司董事会制定实施， 并经公司 2025 年 8 月 26 日的第九届董事会第二十六次会议审议通过。 二、 分配方案 截至股权登记日下午 ...

Core Viewpoint - Wuzhou Capital's stock price has shown fluctuations, with a recent increase of 2.06% to 5.94 CNY per share, while the company has experienced a year-to-date decline of 7.91% [1] Group 1: Stock Performance - As of September 29, Wuzhou Capital's stock price was 5.94 CNY per share, with a trading volume of 1.93 billion CNY and a turnover rate of 0.73%, resulting in a total market capitalization of 26.719 billion CNY [1] - The stock has seen a net inflow of 6.1361 million CNY from major funds, with large orders accounting for 28.70% of purchases and 30.10% of sales [1] - Over the past year, the stock has decreased by 7.91%, with a 1.33% drop in the last five trading days and a 7.04% decline over the last 20 days, while it has increased by 2.77% over the last 60 days [1] Group 2: Company Overview - Wuzhou Capital, established on August 31, 1999, and listed on January 15, 2001, is located in Beijing and Changsha, focusing on high-tech industry investments, real estate projects, and other industrial investments [2] - The company's revenue composition includes 39.52% from leasing, 23.57% from trust companies, 14.64% from securities, 11.00% from futures brokerage and asset management, and 10.28% from futures risk management [2] - As of June 30, 2025, Wuzhou Capital had 143,800 shareholders, with an average of 31,270 circulating shares per person, reflecting a 1.69% decrease [2] Group 3: Financial Performance - For the first half of 2025, Wuzhou Capital reported a revenue of 3.33 billion CNY, a year-on-year decrease of 21.69%, and a net profit attributable to shareholders of 525 million CNY, down 41.47% year-on-year [2] - The company has distributed a total of 5.144 billion CNY in dividends since its A-share listing, with 1.12 billion CNY distributed over the past three years [3] - As of June 30, 2025, the top ten circulating shareholders included Hong Kong Central Clearing Limited and Southern CSI 500 ETF, with changes in their holdings noted [3]