国泰海通证券股份有限公司 关于广东和胜工业铝材股份有限公司 上市流通的核查意见 国泰海通证券股份有限公司（以下简称"国泰海通""保荐人"）作为广东 和胜工业铝材股份有限公司（以下简称"公司"或"和胜股份"）持续督导的保 荐人，根据《证券发行上市保荐业务管理办法》 《深圳证券交易所股票上市规则》 《深圳证券交易所上市公司自律监管指引第 1 号——主板上市公司规范运作》 《深圳证券交易所上市公司自律监管指引第 13 号——保荐业务》等有关法律法 规的规定，对和胜股份 2021 年度非公开发行股票限售股上市流通事宜进行了核 查，核查情况及核查意见如下： 一、本次解除限售股份的基本情况 根据中国证券监督管理委员会于 2022 年 4 月 2 日出具的《关于核准广东和 胜工业铝材股份有限公司非公开发行股票的批复》（证监许可〔2022〕690 号）， 和胜股份向公司控股股东、实际控制人李建湘先生非公开发行人民币普通股（A 股）14,682,962 股，发行价格为 20.04 元/股，（以下简称"本次非公开发行"）， 本次非公开发行新增股份于 2022 年 7 月 29 日在深圳证券交易所上市。本次非公 开发行的发行对象、 ...

Core Insights - The bond underwriting business of securities firms in China has shown significant growth in the first half of 2025, with a total of 68 firms underwriting 380 bonds amounting to 381.39 billion yuan, representing a year-on-year increase of 56.48% [1][3] - The underwriting amount for private enterprise bonds has also increased, reaching 239.39 billion yuan, a year-on-year growth of 30.32% [3] - New statistics have been introduced for "support bonds for small and micro enterprises," indicating a focus on enhancing service quality and meeting specific financing needs [4] Group 1: Industry Performance - The top securities firm, CITIC Securities, led the industry by securing first place in seven key indicators related to bond underwriting [2] - The competition landscape shows a trend where leading firms strengthen their advantages while smaller firms focus on niche markets [2] - The total amount of green bonds underwritten reached 59.44 billion yuan, with CITIC Jiantou leading at 12.996 billion yuan [5] Group 2: Specific Market Segments - The number of bonds underwritten for small and micro enterprises reached 30, with a total amount of 11.82 billion yuan [4] - The underwriting of rural revitalization bonds has surged, with 37 bonds underwritten, totaling 26.62 billion yuan, marking a year-on-year increase of 134.32% [5] - The "Belt and Road" initiative saw 10 bonds underwritten, amounting to 7.9 billion yuan, while local government bonds totaled 140.46 billion yuan [6]

Group 1: Core Views - The article highlights the shift in urban development in China from incremental expansion to improving existing stock, emphasizing quality and efficiency [1] - The 50th anniversary of diplomatic relations between China and Europe is approaching, with signs of warming interactions in political, economic, and technological fields [1] - Despite existing differences in market access, subsidies, and supply chain issues, there is strategic space for deepening cooperation between China and Europe, especially in green energy and digital economy [1] Group 2: Domestic Economic and Industrial Policies - The Central Urban Work Conference emphasized optimizing urban structure, energy transition, quality enhancement, and green transformation [2] - The Chinese government is taking measures to regulate the instant retail market and curb "involution" competition through price subsidies [2] - New policies encouraging foreign investment reinvestment in China were announced, alongside efforts to standardize competition in the new energy vehicle sector [2] Group 3: Capital Market Developments - The Shanghai Stock Exchange released guidelines for self-regulation of companies listed on the Sci-Tech Innovation Board [3] - The People's Bank of China is focusing on structural monetary policy tools to support technological innovation and boost consumption [3] - A significant reverse repurchase operation of 1.4 trillion yuan was conducted by the People's Bank of China [3] Group 4: Global Geopolitical and Economic Tracking - The article reports on increasing tariffs and trade frictions, with the U.S. imposing a 19% tariff on all imports from Indonesia and a 93.5% preliminary anti-dumping duty on graphite imports from China [4] - U.S. economic indicators show a 2.7% year-on-year increase in CPI for June, surpassing market expectations [4] - The Federal Reserve's economic outlook suggests a slowdown in U.S. economic growth over the next six months [4] Group 5: Upcoming Important Events - The first Shanghai International Low-altitude Economy Expo is scheduled from July 23 to 26, 2025 [5] - The 25th China-EU Leaders' Meeting is set for July 24 [5] - The Federal Open Market Committee (FOMC) will announce its interest rate decision on July 31 [5]

Group 1 - The core viewpoint of the article highlights the significant role of the Sci-Tech Innovation Board (STAR Market) in optimizing the A-share market structure and serving as a platform for key technological advancements since its launch on July 22, 2019 [1] - As of July 22, 2025, the STAR Market has seen a total of 591 companies listed, with IPO fundraising totaling 927.156 billion yuan and a total market capitalization exceeding 7 trillion yuan [1] Group 2 - The article discusses the critical role of securities firms in the entire process of companies going public on the STAR Market, with leading firms showing a clear advantage in participation [2] - Guotai Junan Securities leads in both the number of IPOs and the total amount raised, with an underwriting amount of 213.777 billion yuan, making it the only firm to exceed 200 billion yuan in underwriting scale [2][3] - CITIC Securities and CICC rank second and third in terms of IPO participation, with underwriting amounts of 167.069 billion yuan and 130.254 billion yuan respectively [2][3] Group 3 - The top seven securities firms have participated in a significant number of IPOs, with Guotai Junan Securities underwriting 112 companies, CITIC Securities 99, and CICC 70 [3] - The second-tier firms have participated in 10-20 IPOs, with notable mentions including Guosen Securities and Guotai Securities, each involved in 19 IPOs [2][3] - The article provides a detailed table of underwriting amounts and market shares for various securities firms, indicating the competitive landscape in the IPO market [3][4]

Core Insights - The China Securities Association released the bond underwriting statistics for the first half of 2025, highlighting the performance of various securities firms in different categories of bonds [1][3]. Green Bonds - In the first half of 2025, 40 securities firms acted as lead underwriters for green bonds, managing a total of 71 bonds/products with a combined amount of 594.44 billion yuan. Among them, 19 asset securitization products accounted for 255.94 billion yuan [3]. - CITIC Construction Investment ranked first in green bond underwriting with an amount of 129.92 billion yuan, being the only firm to exceed 100 billion yuan. CITIC Securities and Guotai Junan followed in second and third places with 67.40 billion yuan and 62.72 billion yuan, respectively [3]. Technology Innovation Bonds - A total of 68 securities firms underwrote 380 technology innovation bonds in the first half of 2025, with a total amount of 3813.91 billion yuan, representing a year-on-year growth of 56.48% [4]. - The top three firms in terms of the number of underwritten bonds were CITIC Securities (46.73), CITIC Construction Investment (38.63), and Guotai Junan (34.67) [5][6]. Low-Carbon Transition Bonds - In the low-carbon transition bond category, 17 securities firms underwrote 14 bonds with a total amount of 83.5 billion yuan in the first half of 2025 [8]. - Caixin Securities led in the number of underwritten bonds, while Guotai Junan and Guoxin Securities tied for the highest underwriting amount at 10 billion yuan each [8]. Rural Revitalization Bonds - For rural revitalization bonds, 30 securities firms managed 37 bonds/products with a total amount of 266.24 billion yuan in the first half of 2025 [11]. - CITIC Securities ranked first in both the number of underwritten bonds (3.25) and the underwriting amount (35.98 billion yuan) [11][12]. Support for Small and Micro Enterprises Bonds - In the small and micro enterprise support bond category, 32 securities firms underwrote 30 bonds with a total amount of 118.2 billion yuan [13]. - Wenkang Securities led with an underwriting amount of 11 billion yuan, followed by Changjiang Securities with 10 billion yuan [13][15].

Core Viewpoint - The China Securities Association released the bond underwriting statistics for the first half of 2025, highlighting significant growth in green bonds and technology innovation bonds, with various securities firms showing differentiated strengths in different categories [1][3]. Green Bonds - In the first half of 2025, 40 securities firms acted as main underwriters for green bonds, managing a total of 71 bonds/products with a combined amount of 594.44 billion yuan. Among these, 19 were asset-backed securities totaling 255.94 billion yuan [3][4]. - CITIC Construction Investment led the green bond underwriting with an amount of 129.92 billion yuan, making it the only firm to exceed 100 billion yuan. CITIC Securities and Guotai Junan followed with 67.40 billion yuan and 62.72 billion yuan, respectively [3][5]. Technology Innovation Bonds - A total of 68 securities firms underwrote 380 technology innovation bonds in the first half of 2025, with a total amount of 3813.91 billion yuan, representing a year-on-year growth of 56.48% [7]. - The top three firms in terms of the number of underwritten bonds were CITIC Securities (46.73), CITIC Construction Investment (38.63), and Guotai Haitong (34.67) [7][9]. Low-Carbon Transition Bonds - In the low-carbon transition bond category, 17 firms underwrote 14 bonds with a total amount of 83.5 billion yuan in the first half of 2025. Financial Securities led in the number of underwritten bonds [11]. - Guotai Haitong and Guoxin Securities both had underwriting amounts of 10 billion yuan, ranking first in this category [11]. Rural Revitalization Bonds - For rural revitalization bonds, 30 firms underwrote 37 bonds/products with a total amount of 266.24 billion yuan. CITIC Securities ranked first in both the number of underwritten bonds (3.25) and the amount (35.98 billion yuan) [15][16]. Support for Small and Micro Enterprises - In the small and micro enterprise support bond category, 32 firms underwrote 30 bonds with a total amount of 118.2 billion yuan. Wukuang Securities led with an underwriting amount of 11 billion yuan [18].

Core Viewpoint - The article emphasizes that the acceleration of artificial intelligence (AI) technology is reshaping the service model of the securities industry, with Guotai Junan leading the way through its "ALL in AI" strategy, achieving significant breakthroughs in various business areas [1][4]. Group 1: AI Strategy and Implementation - Guotai Junan has positioned itself as a pioneer in the AI sector within the securities industry, proposing the "ALL in AI" strategy to establish a first-mover advantage in AI applications [1]. - The launch of the Guotai Junan Lingxi APP marks a significant milestone in the implementation of the "ALL in AI" strategy, aiming to transform the service model in the securities industry [2][4]. Group 2: Features of Lingxi APP - The Lingxi APP integrates AI at its core, leading to a transformation in customer service paradigms by merging professional capabilities, service efficiency, and personalized experiences [4]. - The APP innovatively creates three intelligent service interfaces: dialogue, live broadcast, and market monitoring, enhancing the user experience through seamless transitions and automated service matching [5]. - AI-driven interactive features allow users to simplify complex investment decisions into a "one question, one answer" format, enhancing the overall investment service experience [6]. Group 3: Enhanced Investment Management - The APP introduces a unique AIGC monitoring service that captures real-time market movements and generates personalized alerts based on user preferences, improving portfolio management efficiency [7][8]. - It offers a dynamic personalized monitoring dashboard that assists users in making quick decisions and connects monitoring information with trading functionalities [8]. Group 4: Content and Live Services - The Lingxi APP builds an AIGC content factory that provides a comprehensive content service system covering all investment phases, delivering timely and precise market insights [9]. - It features professional investment advisory live broadcasts and digital human technology to create an immersive live streaming experience for users [10]. Group 5: Future Directions - Guotai Junan plans to further advance its "ALL in AI" strategy by strengthening its technological foundation and promoting AI as a transformative force in the securities industry [11].

Core Viewpoint - The A-share securities sector has been actively rising due to multiple favorable factors, including better-than-expected earnings, increased capital allocation, and business innovation [1][2]. Group 1: Performance - The securities sector saw a rise of over 6% from July 1 to July 23, with individual stocks like Zhongyin Securities leading with a 29.28% increase [1]. - Major listed brokers are expected to report significant profit growth, with Guotai Junan and Haitong Securities forecasting a net profit of 15.283 billion to 15.957 billion yuan for the first half of the year, representing a year-on-year increase of 205% to 218% [1]. - Other firms like Guolian Minsheng and Huaxi Securities are also expected to see over 1000% year-on-year growth in net profit [1]. Group 2: Capital Allocation - Public funds significantly increased their allocation to securities stocks in the second quarter, with the proportion of active equity funds holding securities stocks rising by 0.28 percentage points to 0.64% [1][2]. - The top five A-share securities stocks held by active equity funds as of the end of the second quarter were Huatai Securities, CITIC Securities, Dongfang Wealth, Guotai Junan, and China Galaxy, with holdings of 2.1 billion, 1.7 billion, 1.5 billion, 700 million, and 500 million yuan respectively [2]. Group 3: Business Innovation - The exploration of virtual asset businesses has emerged as a new highlight in the industry, with firms like Guotai Junan, Tianfeng Securities, and Dongfang Wealth entering the virtual asset trading service market through their Hong Kong subsidiaries [2]. - Analysts believe that the securities sector's valuation is currently low, with a price-to-book ratio of approximately 1.5, indicating a potential for valuation recovery [2]. Group 4: Industry Outlook - The securities sector is viewed as a preferred allocation direction in the market due to its "low valuation + high elasticity" appeal, with analysts optimistic about future performance [2]. - The framework for high-quality development in the securities industry is taking shape, with a focus on mergers and acquisitions, wealth management transformation, and innovation in licensing [3].

国泰海通证券股份有限公司 关于安徽铜冠铜箔集团股份有限公司 自公司首次公开发行股票限售股形成至今，公司未发生因股份增发、回购注 销、派发股票股利或资本公积金转增股本等导致股份变动的情形。截至本核查意 见 出 具 日 ， 公 司 股 份 总 额 为 829,015,544 股 ， 其 中 无 限 售 条 件 流 通 股 数 量 为 本 次 解除 限售 的股 份为 公 司 部 分首 次公 开发 行 前已 发行 的股 份， 共 计 首次公开发行并上市之日起36个月，因触发延长股份锁定期的承诺履行条件，锁 定期限相应自动延长6个月，限售期变更为公司首次公开发行股票并上市之日的 披露的《关于相关股东延长股份锁定期的公告》。本次拟解除限售的股份上市流 通日为2025年7月27日，因2025年7月27日为非交易日，故上市流通日期顺延至下 一交易日2025年7月28日（星期一）。 二、申请解除股份限售股东履行承诺情况 本次解除股份限售的共有 1 名股东，为铜陵有色金属集团股份有限公司（以 下简称"铜陵有色"）。 铜陵有色在公司《首次公开发行股票并在创业板上市招股说明书》和《首次 公开发行股票并在创业板上市之上市公告书》所作的 ...

证券代码：601211 证券简称：国泰海通 公告编号：2025-082 国泰海通证券股份有限公司 关于境外全资附属公司债务融资 并由公司提供担保的公告 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。 重要内容提示: ? 被担保人名称：Haitong Bank,S.A.（以下简称海通银行） 国泰海通证券股份有限公司（以下简称公司或本公司）作为担保人于2025 年7月23日签署《贷款协议》，为境外全资子公司海通银行（以下简称借款人或 被担保人，因公司吸收合并海通证券原因于2025年3月成为本公司境外全资子公 司）等值4.5亿美元银团贷款（以下简称本次银团贷款）提供无条件及不可撤销 的保证担保，担保范围包括贷款本金、利息及交易文件下的其他付款义务（以下 本公告所述担保金额、担保余额及担保总额在计算时未包含浮动利率票据、债券、贷款等利息，浮动 利 率利息需根据实际情况确定。本公告所载金额涉及汇率的，按 2025 年 6 月末美元兑换人民币中间 价、欧元 兑换人民币中间价（1 美元=7.1586 元人民币、1 欧元=8.4024 元人民 ...