11月28日，由中国证券报主办，华鑫证券、西岸集团联合承办，深圳数据经济研究院提供独家学术支持 的"2025量化行业高质量发展大会暨金融科技·量化机构金牛奖颁奖典礼"在上海徐汇西岸举行。 本次大会以"创新驱动·责任担当"为主题，来自国内顶尖量化机构、科技领军企业的超300位嘉宾，围绕 金融科技赋能业务发展、量化投资创新、AI技术应用等前沿议题，共同探讨证券行业发挥"金融+技 术"优势、助力新质生产力发展的路径。 微软中国首席技术官韦青表示，当前证券行业智能化转型的核心在于信息处理能力，机构需把握技术发 展周期规律，明确人机协同边界，避免简单追逐AI概念。同时应坚持实证导向，将技术深度融入业务 流程，实现"化学性融合"而非"物理性叠加"。唯有技术能力与投资专业知识深度融合，方能在数字化时 代构建差异化竞争优势。 在本次大会的圆桌论坛环节，华鑫证券首席数据官、信息技术部总经理崔宏禹，鸣石基金创始人、总经 理袁宇，平方和投资创始人、总经理吕杰勇，宽投资产总经理严宓，锐联景淳创始人、首席投资官许仲 翔，广州守正用奇董事长何荣天，纵论AI重塑量化投资，探讨技术前沿与实战应用的边界。 在俞洋看来，我国量化行业虽起步相对较 ...

Market Overview - On November 24, the securities sector rose by 0.22% compared to the previous trading day, with Guolian Minsheng leading the gains [1] - The Shanghai Composite Index closed at 3836.77, up 0.05%, while the Shenzhen Component Index closed at 12585.08, up 0.37% [1] Top Gainers - Guolian Minsheng (601456) closed at 10.40, up 2.87% with a trading volume of 297,600 shares and a turnover of 304 million yuan [1] - Guosheng Securities (002670) closed at 17.86, up 2.76% with a trading volume of 444,300 shares and a turnover of 788 million yuan [1] - Industrial Securities (601377) closed at 6.69, up 2.14% with a trading volume of 941,000 shares and a turnover of 625 million yuan [1] Top Losers - Shouchao Securities (601136) closed at 20.20, down 2.27% with a trading volume of 375,700 shares and a turnover of 757 million yuan [2] - Changjiang Securities (000783) closed at 7.92, down 1.12% with a trading volume of 849,100 shares and a turnover of 679 million yuan [2] - Sihai Securities (600369) closed at 4.40, down 0.90% with a trading volume of 642,200 shares and a turnover of 284 million yuan [2] Fund Flow Analysis - The securities sector experienced a net outflow of 1.283 billion yuan from institutional investors, while retail investors saw a net inflow of 914 million yuan [2] - Among individual stocks, Guosheng Securities had a net inflow of 48.03 million yuan from institutional investors, while it faced a net outflow of 22.88 million yuan from speculative funds [3] - Dongfang Securities recorded a net inflow of 31.53 million yuan from institutional investors, with a net outflow of 10.96 million yuan from speculative funds [3]

证券代码：600621 证券简称：华鑫股份 编号：临2025-042 上海华鑫股份有限公司关于全资子公司 华鑫证券有限责任公司2025年面向专业投资者 公开发行短期公司债券（第二期）发行结果的公告 上海华鑫股份有限公司 董 事 会 2025年11月21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法律责任。 根据中国证券监督管理委员会《关于同意华鑫证券有限责任公司向专业投资者公开发行公司债券注册的 批复》（证监许可[2024]636号），详见上海华鑫股份有限公司（以下简称"公司"）于2024年4月25日披 露的《公司关于收到中国证监会同意华鑫证券有限责任公司向专业投资者公开发行公司债券注册的批复 的公告》，公司全资子公司华鑫证券有限责任公司于2025年11月20日完成了2025年面向专业投资者公开 发行短期公司债券（第二期），实际发行规模为人民币8亿元，期限为330天，票面利率为1.75%。华鑫 证券有限责任公司将按规定履行相关手续。 按照债券相关规定，华鑫证券有限责任公司在上海证券交易所网站（https://www.sse.com ...

Core Points - Huaxin Co., Ltd. announced the completion of the issuance of short-term corporate bonds aimed at professional investors, with a total issuance size of RMB 800 million [1] - The bonds have a maturity of 330 days and a coupon rate of 1.75% [1] - The approval for this issuance was granted by the China Securities Regulatory Commission [1]

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。 根据中国证券监督管理委员会《关于同意华鑫证券有限责任公司向专业投资 者公开发行公司债券注册的批复》（证监许可[2024]636 号），详见上海华鑫股份 有限公司（以下简称"公司"）于 2024 年 4 月 25 日披露的《公司关于收到中国 证监会同意华鑫证券有限责任公司向专业投资者公开发行公司债券注册的批复 的公告》，公司全资子公司华鑫证券有限责任公司于 2025 年 11 月 20 日完成了 2025 年面向专业投资者公开发行短期公司债券（第二期），实际发行规模为人民 币 8 亿元，期限为 330 天，票面利率为 1.75%。华鑫证券有限责任公司将按规定 履行相关手续。 按照债券相关规定，华鑫证券有限责任公司在上海证券交易所网站 （https://www.sse.com.cn）披露《华鑫证券有限责任公司 2025 年面向专业投 资者公开发行短期公司债券（第二期）发行结果公告》。 特此公告 证券代码：600621 证券简称：华鑫股份 编号：临 2025-042 上海华鑫股份有限公 ...

Core Viewpoint - The long-term advantages of gold as a safe-haven and investment asset are becoming more prominent, driven by expectations of continued interest rate cuts by the Federal Reserve and trade tensions, leading to sustained growth in gold and jewelry demand [1] Group 1: Gold and Jewelry Market Trends - The demand for gold jewelry is expected to continue growing, influenced by the rise of ancient-style gold and IP gold jewelry, which are leading new trends [1] - The consumption logic in the industry is being restructured, with a decline in wedding-related demand and a rise in self-indulgent consumption, alongside a shift in investment demand [1] - Adjustments in gold tax policies are expected to optimize the market's investment and consumption structure, encouraging regulated trading and promoting a transition from "off-market dispersion" to "on-market concentration" [1] Group 2: Economic Indicators and Price Outlook - In the non-ferrous metals sector, policies aimed at expanding domestic demand are showing effectiveness, with the Producer Price Index (PPI) in October rising by 0.1% month-on-month, marking the first increase of the year [1] - The medium to long-term outlook for gold prices remains bullish, with investors advised to consider participating in subsequent pullbacks and gradually building positions [1] Group 3: Investment Opportunities - Investors are encouraged to focus on direct investments in physical gold and tax-exempt gold fund ETFs (518800), as well as gold stock ETFs (517400) that cover the entire gold industry chain [1]

证券代码：600621 证券简称：华鑫股份 编号：临 2025-041 根据上海证券交易所《关于对华鑫证券有限责任公司非公开发行科技创新公 司债券挂牌转让无异议的函》（上证函[2025]3395 号），详见上海华鑫股份有限 公司（以下简称"公司"）于 2025 年 10 月 24 日披露的《公司关于全资子公司华 鑫证券有限责任公司收到非公开发行科技创新公司债券挂牌转让无异议函的公 告》，公司全资子公司华鑫证券有限责任公司于 2025 年 11 月 10 日完成了 2025 年面向专业投资者非公开发行科技创新公司债券（第一期），实际发行规模为人 民币 3 亿元，期限为 1 年，票面利率为 1.77%。华鑫证券有限责任公司将按规定 履行相关手续。 按照债券相关规定，华鑫证券有限责任公司在上海证券交易所网站 （https://www.sse.com.cn）披露《华鑫证券有限责任公司 2025 年面向专业投 资者非公开发行科技创新公司债券（第一期）发行结果公告》。 特此公告 上海华鑫股份有限公司 董 事 会 2025 年 11 月 11 日 上海华鑫股份有限公司 关于全资子公司华鑫证券有限责任公司 2025 年面向专 ...

Market Overview - The securities sector increased by 1.31% on November 10, with Northeast Securities leading the gains [1] - The Shanghai Composite Index closed at 4018.6, up 0.53%, while the Shenzhen Component Index closed at 13427.61, up 0.18% [1] Individual Stock Performance - Northeast Securities (000686) closed at 10.20, with a rise of 10.03% and a trading volume of 2.0144 million shares, totaling a transaction value of 2.001 billion [1] - Other notable performers include: - GF Securities (000776) at 23.60, up 3.74% with a transaction value of 2.286 billion [1] - Dongxing Securities (601198) at 12.97, up 3.10% with a transaction value of 996 million [1] - Changjiang Securities (000783) at 9.10, up 2.82% with a transaction value of 1.197 billion [1] Fund Flow Analysis - The securities sector saw a net inflow of 1.097 billion from institutional investors, while retail investors experienced a net outflow of 1.037 billion [1] - Key net inflows from major stocks include: - Northeast Securities with a net inflow of 353 million, accounting for 17.65% of total inflow [2] - Dongfang Caifu (300059) with a net inflow of 199 million, representing 3.67% [2] - Industrial Securities (601377) with a net inflow of 183 million, making up 12.23% [2] Summary of Stock Flows - The table indicates significant net outflows from retail investors in several stocks, including: - Northeast Securities with a retail net outflow of 240 million [2] - Dongfang Caifu with a retail net outflow of 130 million [2] - Industrial Securities with a retail net outflow of 1.20 billion [2]

Core Points - Hu Zhikui, the secretary of the board of directors of Huaxin Co., has resigned due to reaching retirement age [2] - The board of directors approved the appointment of Zhang Sufeng as the new secretary of the board during the 23rd meeting of the 11th board of directors held on November 5, 2025 [2] Company Changes - Hu Zhikui will not hold any position in the company or its subsidiaries after his resignation [2] - The decision to appoint Zhang Sufeng was made through a communication vote [2]

证券代码：600621 证券简称：华鑫股份 编号：临 2025－040 （二）离任对公司的影响 上海华鑫股份有限公司（以下简称"公司"）董事会秘书胡之奎先生因到龄 退休，提请辞任公司董事会秘书职务。离任后，胡之奎先生不在公司及其控股子 公司任职。胡之奎先生将按照公司离职管理制度做好交接工作，其离任不会影响 公司相关工作的正常进行。 公司董事会对胡之奎先生任职期间对公司作出的贡献表示感谢。 上海华鑫股份有限公司 关于高级管理人员变更的公告 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、高级管理人员离任情况 （一）提前离任的基本情况 | 姓名 | | 离任职 务 | | 离任时间 | | | 原定任期到期日 | | | | 离任 原因 | 是否继续在上 市公司及其控 | 具体职 务（如 | 是否存在未 履行完毕的 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | | | | ...