上海华鑫股份有限公司2025 年年度报告 公司代码：600621 公司简称：华鑫股份 上海华鑫股份有限公司 2025 年年度报告 1 / 181 上海华鑫股份有限公司2025 年年度报告 重要提示 五、董事会决议通过的本报告期利润分配预案或公积金转增股本预案 以实施权益分派股权登记日登记的总股本1,060,899,292股为基数,向全体股东按每10股派送现金 红利1.41元（ 含税）,共计 派送现金 红利149,586,800.17元。 本年度公 司现金 分红的总 额为 190,961,874.13元（含2025年半年度已分配的现金红利41,375,073.96元）,占公司 2025 年度合并报表 归属于上市公司股东净利润的比例为 30.04%，尚余966,044,199.34元未分配利润留待以后年度分配。 2025年末资本公积为3,396,361,801.47元，年末资本公积不转增股本。 截至报告期末，母公司存在未弥补亏损的相关情况及其对公司分红等事项的影响 □适用 √不适用 六、前瞻性陈述的风险声明 √适用 □不适用 本年度报告中有涉及公司经营和发展战略等未来计划的前瞻性陈述，该计划不构成公司对投资者的 ...

证券代码：600621 证券简称：华鑫股份 编号：临 2026-005 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 年面向专业机构投资者公开发行公司债券 （第一期）2026 年本息兑付及摘牌的提示性公告 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。 2026 年 3 月 25 日 上海华鑫股份有限公司（以下简称"公司"）全资子公司华鑫证券有限责任 公司（以下简称"华鑫证券"）于2025年3月12日面向专业机构投资者公开发行 公司债券（第一期）（以下简称"本期债券"），具体内容详见公司于2025年3 月13日披露的《公司关于全资子公司华鑫证券有限责任公司2025年面向专业机构 投资者公开发行公司债券（第一期）发行结果的公告》。 本期债券将于2026年4月1日开始支付自2025年3月12日至2026年3月31日期 间的利息和本期债券本金，本期债券将于2026年4月1日完成摘牌。具体内容请详 见华鑫证券将于近日在上海证券交易所网站（https://www.sse.com.cn）披露的 《华鑫证券有限责任公司 ...

证券代码：600621 证券简称：华鑫股份 编号：临 2026-004 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 2026 年面向专业投资者公开 发行次级公司债券（第一期）发行结果的公告 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。 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 者公开发行次级公司债券注册的批复》（证监许可[2024]1108 号，详见上海华鑫 股份有限公司（以下简称"公司"）于 2024 年 8 月 8 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次级公司债券注册 的批复的公告》），公司全资子公司华鑫证券有限责任公司于 2026 年 3 月 17 日完成 2026 年面向专业投资者公开发行次级公司债券（第一期），实际发行 规模为人民币 13.5 亿元。本期债券分为 2 个品种，其中：品种一的实际发行规 模 6.50 亿元，最终票面利率为 2.10%，期限为三年；品种二的实际发行规模 7.00 亿元，最终票面利率为 2.46%，期限为五年 ...

Investment Rating - The report maintains an "Overweight" rating for the securities and banking sectors [9]. Core Insights - The report highlights the structural relaxation of refinancing policies, which is expected to improve profitability in the banking sector. The central bank's Q4 monetary policy report emphasizes the implementation of personal credit repair measures, supporting micro-entities [1][28]. - The report identifies investment opportunities in the order of securities > insurance > banking, with a focus on the potential for marginal improvements in the brokerage business due to the recent refinancing policy adjustments [12][24]. Summary by Sections Securities Sector - The optimization of refinancing measures announced by the exchanges is expected to lead to marginal improvements in the brokerage business, with leading firms likely to solidify their advantages through professional capabilities. The Chinese brokerage index performed better than the Hang Seng index during the holiday period, increasing by 0.20% [2][13]. - Recommended stocks include leading brokerages such as CITIC Securities, Guotai Junan, and GF Securities, as well as quality regional firms like Guoyuan Securities [3][12]. Insurance Sector - The report notes a mixed performance in the insurance sector, with property insurance companies showing gains while life insurance companies mostly declined. China Property & Casualty Insurance rose by 5%, while China Taiping fell by 4% [24][25]. - Investors are advised to focus on quality leaders in the insurance sector, with a preference for defensive stocks like China Ping An and China Life Insurance for conservative investors [24][25]. Banking Sector - The banking sector is experiencing a recovery in performance, with Q4 profits improving and net interest margins stabilizing. The report indicates a year-on-year increase in social financing, primarily due to the pre-positioning of government bonds and a rebound in off-balance-sheet financing [28][37]. - Recommended stocks include quality regional banks such as Nanjing Bank and Chengdu Bank, which are expected to perform well due to their strong fundamentals [3][28].

Group 1 - The core point of the news is that Huaxin Co., Ltd. has experienced a decline in stock price, falling 0.36% to 16.60 CNY per share, with a total market value of 17.611 billion CNY and a cumulative drop of 5.41% over the past four days [1] - Huaxin Co., Ltd. was established on November 5, 1992, and listed on December 2, 1992. The company is primarily engaged in property leasing, property management, and securities services [1] - The revenue composition of Huaxin Co., Ltd. includes: Other businesses 44.80%, Brokerage business 39.48%, Investment banking 8.08%, Asset management 7.43%, Credit business 5.50%, and Futures business 3.33% [1] Group 2 - From the perspective of the top ten circulating shareholders, Guotai Fund's ETF has increased its holdings by 5.5068 million shares, totaling 13.706 million shares, which represents 1.29% of the circulating shares [2] - The Guotai CSI All-Share Securities Company ETF (512880) has a current scale of 57.029 billion CNY and has reported a loss of 1.45% this year, ranking 5445 out of 5569 in its category [2] - The fund manager of Guotai CSI All-Share Securities Company ETF is Ai Xiaojun, who has a total fund asset scale of 188.936 billion CNY and has achieved a best fund return of 329.78% during his tenure [3]

Group 1 - Guosheng Securities (002670.SZ) closed at 16.59 yuan, with a decline of 0.36% [1] - Huaxin Co., Ltd. (600621.SH) closed at 16.92 yuan, with a decline of 0.65% [1] - The securities sector experienced an increase of 0.93%, with Guosheng Securities and Huaxin Co., Ltd. being the only two companies in the sector that saw a decline [1]

证券代码：600621 证券简称：华鑫股份 编号：临 2026-003 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 2026 年面向专业投资者 公开发行公司债券（第一期）发行结果的公告 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2026年2月6日完成了2026 年面向专业投资者公开发行公司债券（第一期），实际发行规模为人民币 6 亿元， 期限为 2 年，票面利率为 1.90%。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 2026 年面向专业投 资者公开发行公司债券（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 2026 年 2 月 ...

Group 1 - The core point of the article is that Huaxin Co., Ltd. announced the completion of a public issuance of corporate bonds by its wholly-owned subsidiary, Huaxin Securities, aimed at professional investors [1] - The actual issuance scale of the bonds is 600 million yuan, with a maturity of 2 years and a coupon rate of 1.90% [1] - Huaxin Securities will fulfill the relevant procedures as required and disclose the issuance results on the Shanghai Stock Exchange website [1]

Group 1 - The core viewpoint of the article is that Huaxin Co., Ltd. has established a financial shared service center at the end of 2019, which is centralized at the company's headquarters [1] - The financial shared service center integrates financial and business systems to automate most processes such as accounting, tax reporting, and financial reporting [1]

Group 1 - The core point of the article highlights a collective decline in the three major indices, while the banking sector shows strength, and the securities and fintech sectors experience an afternoon rally [1] - As of 1:55 PM, the securities ETF Huaxia (515010) rose by 0.81%, with its holdings such as Hualin Securities hitting the daily limit, and other stocks like Huaxin Co., Guosheng Securities, and Southwest Securities also performing well [1] - The financial technology ETF Huaxia (516100) saw a slight decline of 0.22% [1] Group 2 - The Shanghai Stock Exchange reported that in January, the number of new A-share accounts reached 4.9158 million, representing a month-on-month increase of 89% and a year-on-year increase of 213%, marking the highest level in nearly 15 months since November 2024 [1] - This surge in new A-share accounts indicates a sustained boom in brokerage business, driven by the upward trend in A-shares over the past year, which has significantly boosted brokerage and proprietary trading business, leading to an overall performance recovery [1] - The management fee rate for the securities ETF Huaxia (515010) and the fintech ETF Huaxia (516100) is 0.15%, with a custody fee rate of 0.05%, which are the lowest among comparable funds, facilitating investors' access to sector trends [1]