本报告依据中国资产评估准则编制 华富基金管理有限公司拟增资扩股 所涉及的华富基金管理有限公司 股东全部权益市场价值 资产评估报告 中水致远评报字[2025]第 020729 号 (共一册,第一册) 中水致远资产评估有限公司 二〇二五年十月二十八日 中国资产评估协会 资产评估业务报告备案回执 | 报告编码: | 3411020131341101202500948 | | --- | --- | | 合同编号: | ZSZY [2025]020749 | | 报告类型: | 法定评估业务资产评估报告 | | 报告文号: | 中水致远评报字[2025]第020729号 | | 报告名称: | 华富基金管理有限公司拟增资扩股所涉及的华富基金管理有限公 司股东全部权益市场价值资产评估报告 | | 评估结论: | 648.309.000.00元 | | 评估报告日: | 2025年10月28日 | | 评估机构名称: | 中水致远资产评估有限公司 | | | 徐向阳 (资产评估师) 正式会员 编号:34090024 | | 签名人员: | 胡菲 (资产评估师) 正式会员 编号:34190024 | | | 王礼超 (资产 ...

华安证券股份有限公司 关于拟增资华富基金管理有限公司暨关联交易的 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。 重要内容提示： ●华安证券股份有限公司（以下简称"公司"或"华安证券"）拟向华富基 金管理有限公司（以下简称"华富基金"）增加出资额人民币 1020.41 万元，对 应增资价款为人民币 2646.16 万元。增资完成后，华安证券持有华富基金股权比 例由 49%增加至 51%，成为华富基金控股股东。 ●公司高级管理人员余海春任华富基金董事长，本次增资构成关联交易。 ●本次交易未构成重大资产重组。 证券代码：600909 证券简称：华安证券 公告编号：2026-003 ●本次增资事项已经华安证券第四届董事会第三十次会议审议，尚需提交华 富基金股东会审议通过，并取得中国证券监督管理委员会（以下简称"中国证监 会"）的核准。 ●过去 12 个月内与同一关联人进行的交易：2025 年 11 月，经华安证券总 经理办公会审议通过，公司为华富基金货币基金产品提供人民币 5000 万元流动 性支持额度。除前述事项及公司 ...

2026年第一次临时股东会会议资料 股票代码： 600909 二〇二六年一月 | 2026年第一次临时股东会会议议程 1 | | --- | | 2026年第一次临时股东会会议须知 2 | | 关于修订《华安证券对外担保管理办法》的议案 4 | | 关于选举公司董事的议案 28 | 2026 会议时间：2026年1月28日下午14:30 会议地点：安徽省合肥市滨湖新区紫云路1018号华安证券21 楼会议室 主持人：董事长 章宏韬 一、宣布会议开始 一、本次会议期间，全体参会人员应维护股东的合法权益、 确保大会的正常秩序和议事效率，自觉履行法定义务。 二、为保证本次会议的严肃性和正常秩序，除出席现场会 议的股东及股东代理人（以下简称"股东"）、董事、高级管 理人员、公司聘请的律师及公司董事会认可的人员以外，公 司有权依法拒绝其他人士入场。对于干扰大会秩序、寻衅滋事 和侵犯股东合法权益的行为，公司有权予以制止并报告有关 部门查处。 三、大会设会务组，负责会议的组织工作和处理相关事 宜。 四、股东参加本次会议依法享有发言权、质询权、表决 权等权利。 五、股东需要在股东会上发言，应于会议开始前在签到处 的"股东发言登 ...

证券代码：600909 证券简称：华安证券 公告编号：2026-004 华安证券股份有限公司 关于召开2026年第一次临时股东会的通知 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： 一、 召开会议的基本情况 (一) 股东会类型和届次 2026年第一次临时股东会 召开的日期时间：2026 年 1 月 28 日 14 点 30 分 召开地点：安徽省合肥市滨湖新区紫云路 1018 号华安证券 21 楼会议室 不涉及 (五) 网络投票的系统、起止日期和投票时间。 网络投票系统：上海证券交易所股东会网络投票系统 股东会召开日期：2026年1月28日 本次股东会采用的网络投票系统：上海证券交易所股东会网络投票系统 (二) 股东会召集人：董事会 (三) 投票方式：本次股东会所采用的表决方式是现场投票和网络投票相结合 的方式 (四) 现场会议召开的日期、时间和地点 网络投票起止时间：自2026 年 1 月 28 日 至2026 年 1 月 28 日 采用上海证券交易所网络投票系统，通过交易系统投票平台的投票时间为股 东会召开 ...

华安证券股份有限公司 第四届董事会第三十次会议决议公告 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。 华安证券股份有限公司（以下简称"公司"）于 2026 年 1 月 7 日以电子邮 件方式发出第四届董事会第三十次会议通知及文件。本次会议于 2026 年 1 月 12 日以书面审议、通讯表决方式召开。会议应到董事 10 人，实到董事 10 人。本次 会议的有效表决权数占董事总数的 100%，会议的召集召开及表决程序符合《公 司法》《公司章程》和《董事会议事规则》的有关规定。本次会议审议并通过了 以下议案： 一、审议通过了《关于拟增资华富基金管理有限公司暨关联交易的议案》 表决结果：10 票同意，0 票反对，0 票弃权。 本议案已经公司董事会审计委员会、独立董事专门委员会预审通过，并获四 位独立董事全票通过。 详见与本公告同日披露于上交所网站的《华安证券股份有限公司关于拟增资 华富基金管理有限公司暨关联交易的提示性公告》（公告编号 2026-003）。 二、审议通过了《关于修订<华安证券股份有限公司合规管理办法>等两项 制度的 ...

华安证券公告称，拟向华富基金增加出资额1020.41万元，对应增资价款2646.16万元。增资完成后，其 持有华富基金股权比例将由49%增至51%，成为控股股东。高级管理人员余海春任华富基金董事长，本 次增资构成关联交易，未构成重大资产重组。该事项已获华安证券董事会通过，尚需华富基金股东会审 议通过，并取得中国证监会核准。过去12个月内，公司曾为华富基金提供5000万元流动性支持额度。 ...

Group 1 - The core point of the article is that Huazhong Securities plans to increase its investment in Huafu Fund Management Co., Ltd. by RMB 10.2041 million, which will raise its ownership stake from 49% to 51%, making it the controlling shareholder [1] - The total amount of the capital increase is RMB 26.4616 million [1]

Core Insights - The article highlights a significant shift in the public fund sales landscape in 2025, with the broker settlement model becoming the mainstream choice for fund issuance, surpassing 50% for the first time [3][7][14] Group 1: Industry Changes - By the end of 2025, 52.39% of newly established public funds utilized the broker settlement model, marking a dramatic increase from 27% in 2024 [7][9] - The number of newly established equity mixed funds using the broker settlement model rose from 18.3% in 2021 to 51.71% in 2025, indicating a structural shift towards this model [9][10] - The broker settlement model is seen as a key driver for small and medium-sized brokerages to enhance their visibility and influence in the market [6][14] Group 2: Brokerages' Strategic Adaptations - Small and medium-sized brokerages are increasingly forming partnerships with multiple fund companies to expand their distribution networks and enhance product visibility [12][13] - Brokerages like Huaxin Securities and Huawen Securities are actively developing new broker settlement products and expanding their cooperation with fund managers, reflecting a strategic shift towards comprehensive wealth management services [5][6][14] - The broker settlement model allows brokerages to transition from a transactional role to a more integrated service provider, enhancing their competitive edge [8][14] Group 3: Market Dynamics - The 2024 regulatory changes regarding fund fees have incentivized fund companies to adopt the broker settlement model, as it allows for more flexible commission structures [8][9] - The market environment in 2025 is favorable for actively managed funds, which are more attractive to brokerages due to their potential for higher returns compared to passive index funds [10][11] - The collaboration between fund companies and brokerages is evolving from a one-sided selection process to a more nuanced, mutually beneficial partnership model [13][14]

Core Viewpoint - The brokerage sector experienced a collective decline, with all 43 listed brokerages falling on January 8, indicating a potential correction after a rapid increase in stock prices [1][4]. Group 1: Market Performance - On January 8, the brokerage index dropped by 2.7%, with notable declines including Huayin Securities hitting the daily limit down, Hu'an Securities and Huatai Securities falling over 5%, and several others like Xinyi Securities and Guotai Haitong dropping over 4% [4][5]. - Huayin Securities closed at 16.92 yuan per share, with a trading volume of 4.28%, and a total market capitalization of 45.684 billion yuan [5]. Group 2: Investor Behavior - The trading data showed that Huayin Securities was heavily traded, with a net sell of 205 million yuan, indicating significant investor activity despite the price drop [5][6]. - Major selling came from Guotai Haitong and Aijian Securities, while buying interest was noted from Dongfang Securities and China Galaxy Securities [5][6]. Group 3: Future Outlook - Analysts suggest that the current pullback in the brokerage sector is a normal phenomenon following rapid price increases, with a long-term upward trend expected in a slow bull market [5]. - The brokerage sector is anticipated to see improved performance due to factors such as enhanced industry structure, balanced internal business growth, and increased return on equity (ROE) [8]. - By 2025, the brokerage sector is projected to achieve significant earnings growth, driven by a booming capital market and increased brokerage and credit business performance [8][9].

Core Viewpoint - The financial sector is experiencing a significant decline, with brokerage firms and insurance companies leading the downturn [1]. Group 1: Sector Performance - The financial sector, including brokerage and insurance, has seen notable declines, with the brokerage sector down by 2.74% and insurance down by 3.99% [2]. - Other sectors also reported losses, with engineering machinery down by 1.60% and basic metals down by 1.50% [2]. Group 2: Individual Company Performance - Huayin Securities has hit the daily limit down, falling by 10.00% to a price of 16.92 [3]. - Huashan Securities dropped by 5.58% to 7.11, while Huatai Securities fell by 4.88% to 23.99 [3]. - Other notable declines include China Ping An down by 4.63% to 70.05, and Guangfa Securities down by 4.19% to 22.19 [3]. - Several other companies, including CITIC Securities and Changjiang Securities, also experienced declines ranging from 2.57% to 3.19% [3].