证券代码：600837 证券简称：海通证券 公告编号：临2025-015 海通证券股份有限公司 关于计提资产减值准备及核销资产的公告 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《企业会计准则》和海通证券股份有限公司（以下简称公司）会计政 策的相关规定，公司及下属子公司对截至 2024 年 12 月 31 日的各项需要计提 减值的资产进行了初步评估,并对截至 2024 年 12 月 31 日部分预计无法收回的 资产进行了核销，具体如下： 一、计提资产减值准备情况 1 2024 年 10-12 月计提长期应收款减值准备人民币 3.39 亿元。 对于售后回租业务，根据长期应收款的信用风险变化评估预期信用损失并 确定相应的信用损失准备，采用违约概率/违约损失率法或单项测试计算预期信 用损失，计提减值准备。 2．其他贷款和应收款 2024 年 10-12 月计提其他贷款和应收款减值准备人民币 3.21 亿元。 经初步评估，公司 2024 年 10-12 月计提信用减值损失人民币 103,325.15 万 元，计提其他资产减值损 ...

Core Viewpoint - The performance of Guotai Junan and Haitong Securities has diverged significantly in 2024, with Guotai Junan reporting strong growth while Haitong Securities anticipates a substantial loss [1][2][3]. Performance Summary - Guotai Junan achieved an operating income of 43.406 billion yuan, a year-on-year increase of 20.1%, and a net profit attributable to shareholders of 12.433 billion yuan, up 42.62% [1][3]. - The company reported an operating profit of 16.654 billion yuan, a 36.76% increase year-on-year, and a basic earnings per share of 1.39 yuan, reflecting a 41.84% growth [3]. - Guotai Junan's total assets surpassed 1 trillion yuan for the first time, reaching 1,047.319 billion yuan, a 13.17% increase [3]. - In contrast, Haitong Securities expects a net profit attributable to shareholders of approximately -3.4 billion yuan, indicating a loss compared to the previous year [2][3]. Reasons for Performance Divergence - Haitong Securities attributes its expected loss to a significant decline in the valuation of overseas financial assets, reduced investment income, and a decrease in revenue from its investment banking business due to a drop in domestic equity financing [2][3][4]. - The company maintains that its business and operational conditions are stable, with a sound asset-liability structure and ample liquidity [2]. Merger and Integration - Both companies announced the completion of all administrative approval processes for their merger, which was approved by the Hong Kong Stock Exchange [5]. - The merger process has progressed rapidly, with all corporate governance procedures completed in 100 days and all administrative approvals in 137 days [5]. - Post-merger, the companies plan to accelerate business integration, enhance service capabilities, and improve operational efficiency to strengthen their competitive position in the investment banking sector [5]. Stock Suspension - Both Guotai Junan and Haitong Securities announced that their A-shares will be suspended from trading starting February 6, with Guotai Junan expected to resume trading on February 13 [6]. - Haitong Securities will remain suspended until its delisting, with February 5, 2025, being its last trading day [6].

Core Viewpoint - Haitong Securities expects a net profit attributable to shareholders of approximately -3.4 billion yuan for the year 2024, indicating a loss compared to the previous year [1] Financial Performance - The significant decline in the valuation of overseas financial assets has led to a reduction in investment income and changes in fair value gains and losses [1] - The domestic market's equity financing scale has decreased, resulting in a reduction in the company's investment banking revenue [1] Business Stability - The company reports stable business and operational conditions, with a sound asset-liability structure and ample liquidity [1] Strategic Focus - Haitong Securities aims to strengthen its core functions and enhance its core competitiveness by focusing on its main business and leveraging the merger and restructuring with Guotai Junan [1]

Financial Performance - The company expects a net profit of approximately -3,400 million RMB for the year 2024, indicating a loss compared to the previous year[3] - The estimated net profit attributable to the parent company, excluding non-recurring gains and losses, is approximately -3,700 million RMB for 2024[4] - In the previous year, the total profit was 1,565.88 million RMB, with a net profit attributable to the parent company of 1,008.41 million RMB[5] Investment and Market Conditions - The company experienced a significant decline in the valuation of overseas financial assets, leading to reduced investment income and fair value changes[6] - The domestic market saw a decrease in equity financing scale, resulting in lower investment banking revenue for the company[6] Business Stability and Strategy - The company maintains a stable business and financial condition, with a good asset-liability structure and ample liquidity[7] - The merger with Guotai Junan Securities is seen as an opportunity to enhance core functions and competitiveness[7] Regulatory and Compliance - The performance forecast data has not been audited by an accounting firm, but there are no significant uncertainties affecting its accuracy[8] - The company plans to submit an application for voluntary delisting following the merger process with Guotai Junan[9]

Group 1 - The core viewpoint of the article indicates that Haitong Securities (600837) is expected to report a net profit attributable to shareholders of approximately -3.4 billion yuan for the year 2024, marking a significant loss compared to the previous year [1] - The decline in the valuation of overseas financial assets has led to a substantial decrease in investment income and changes in fair value gains and losses during the reporting period [1] - The domestic market for equity financing has contracted, resulting in a reduction in the company's investment banking revenue [1]

Group 1 - The core viewpoint is that the electrification rate in Europe has significant growth potential, with rapid increases in electric vehicle sales expected from 2025 to 2030 due to carbon emission assessment policies [1] - Emerging markets are experiencing a rapid increase in electrification rates, with strong competitive advantages for domestic high-quality supply, as local brands transition from exporting vehicles to exporting production capacity, indicating broad growth opportunities [1] Group 2 - China's power battery industry chain is globally leading and is expected to benefit from incremental overseas market demand, suggesting a focus on companies such as BYD, CATL, and EVE Energy [1]

1 证券代码：600837 证券简称：海通证券 公告编号：临 2025-014 海通证券股份有限公司 关于公司股票可能终止上市的风险提示公告 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。 国泰君安证券股份有限公司拟通过向海通证券股份有限公司（以下简称"海 通证券"或"公司"）的全体 A 股换股股东发行 A 股股票、向海通证券的全体 H 股换股股东发行 H 股股票的方式换股吸收合并海通证券（以下简称"本次吸收合 并"）并发行 A 股股票募集配套资金事项已经公司于 2024 年 12 月 13 日召开的 2024 年第二次临时股东大会、2024 年第一次 A 股类别股东会及 2024 年第一次 H 股类别股东会审议通过，并已获得中国证券监督管理委员会出具的《关于同意国 泰君安证券股份有限公司吸收合并海通证券股份有限公司并募集配套资金注册、 核准国泰君安证券股份有限公司吸收合并海通证券股份有限公司、海富通基金管 理有限公司变更主要股东及实际控制人、富国基金管理有限公司变更主要股东、 海通期货股份有限公司变更主要股东及实际控制人的批 ...

证券代码：600837 证券简称：海通证券 公告编号：临 2025-012 海通证券股份有限公司 关于国泰君安证券股份有限公司换股吸收合并 海通证券股份有限公司并募集配套资金暨关联交易之 A 股异议股东现金选择权实施公告 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。 申报主体：A 股申报主体为截至 A 股异议股东现金选择权实施股权登记日 收市后持有有效 A 股异议股份的 A 股异议股东。非 A 股异议股东的申报无效。 申报期间：2025 年 2 月 6 日 9:00-15:00，期间公司 A 股股票停牌。 重要内容提示： 海通证券股份有限公司（以下简称"公司"、"本公司"、"海通证券"）于 2024 年 12 月 13 日召开的 2024 年第二次临时股东大会、2024 年第一次 A 股类别股东会 及 2024 年第一次 H 股类别股东会审议通过了关于国泰君安证券股份有限公司（以 下简称"国泰君安"）换股吸收合并海通证券股份有限公司（以下简称"本次吸收 合并"）并募集配套资金暨关联交易（以下简称"本次交易"）的相关议案。在公 ...

证券代码：600837 证券简称：海通证券 公告编号：临 2025-011 海通证券股份有限公司 关于国泰君安证券股份有限公司换股吸收合并公司 并募集配套资金暨关联交易相关事项获得 公司董事会将根据中国证监会批复、香港联交所上述批准和相关法律法规的 要求以及公司 2024 年第二次临时股东大会、2024 年第一次 A 股类别股东会及 2024 年第一次 H 股类别股东会的相关授权，在规定期限内办理本次交易所涉及的相关 事宜，并及时履行信息披露义务。敬请广大投资者注意投资风险。 特此公告。 海通证券股份有限公司董事会 2025 年 1 月 20 日 香港联合交易所有限公司批准的公告 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。 国泰君安证券股份有限公司（以下简称"国泰君安"）拟通过向海通证券股 份有限公司（以下简称"海通证券"或"公司"）的全体 A 股换股股东发行 A 股 股票、向海通证券的全体 H 股换股股东发行 H 股股票的方式换股吸收合并海通证 券并发行 A 股股票募集配套资金（以下简称"本次交易"）。 鉴于中国证券监督 ...

环球市场 热点聚焦 1、1月17日晚，国家主席习近平应约同美国当选总统特朗普通电话。习近平强调，中美两国间拥有广泛 共同利益和广阔合作空间，可以成为伙伴和朋友，相互成就，共同繁荣，造福两国，惠及世界。习近平 指出，作为两个国情不同的大国，中美之间难免会有一些分歧，关键是要尊重彼此核心利益和重大关 切，找到妥善解决问题的办法。 2、国务院新闻办公室17日下午举行"中国经济高质量发展成效"系列新闻发布会。国务院国资委副主任 袁野表示，2025年持续提升中央企业控股上市公司质量，推动国有资本和国有企业做强做优做大。袁野 还表示，下一步，不断改进和加强上市公司市值管理，优化上市公司国有股权管理。 3、近日，中国人民银行、中国证监会联合召开股票回购增持再贷款座谈会，进一步发挥政策工具稳定 资本市场作用。金融机构表示，政策工具实施以来，已有超300家上市公司发布使用银行贷款回购增持 公告，市值百亿以上公司占比超四成。主动开展市值管理的上市公司是经营效益较好、管理层对自身业 务发展有充分信心的优质企业，股票回购增持贷款有望成为新的业务增长点。 4、据香港特区政府新闻公报，香港财政司司长陈茂波1月20日凌晨将启程前往瑞士达沃 ...