Core Viewpoint - The article emphasizes the role of Huazhong Securities in promoting technological finance and supporting the real economy through innovative financial services, aligning with national strategies and the "Five Major Articles" initiative [1][2]. Group 1: Technological Finance Strategy - Huazhong Securities has mobilized over 30 billion yuan in capital towards the technology innovation sector and successfully incubated 14 listed technology companies [2]. - The company has established a "Technology Finance Committee" to strategically advance its technological finance initiatives, focusing on the integration of investment, investment banking, and research [2]. - The "Three Investment Linkage" model aims to provide financial support to technology enterprises, ensuring they receive both capital and strategic insights [2][4]. Group 2: Comprehensive Financial Support - Huazhong Securities has developed a "Four Coordination Mechanism" to provide a full-chain financial support network, ensuring timely responses and tailored services for hard technology enterprises [3]. - The company has transitioned from a single financial service model to a comprehensive service model that includes financing, intelligence, and business support [4]. - The firm has identified over a thousand specialized and innovative enterprises in various cities, creating a project reserve of over a hundred potential candidates for future investment [5]. Group 3: Investment Focus and Achievements - The company focuses on early-stage investments in hard technology sectors such as artificial intelligence and new energy vehicles, managing over 30 billion yuan in funds and investing in more than 140 projects [5][6]. - Huazhong Securities has successfully underwritten 52 bond projects in 2024, with a total underwriting scale of approximately 13.7 billion yuan [6]. - The firm has launched the "Eagle Antelope Acceleration Growth Plan" to support early-stage technology enterprises and has created a comprehensive evaluation system for hard technology companies [6]. Group 4: Long-term Vision and Ecosystem Development - The integration of the industrial chain, innovation chain, and ecological chain is a long-term vision for Huazhong Securities, aiming to enhance the quality of service to the real economy [7][8]. - The company is focused on creating a collaborative financial ecosystem that enhances the market attractiveness of technology innovation in Anhui province [8]. - Huazhong Securities aims to strengthen its research capabilities and develop investment products that cater to long-term investor returns, thereby fostering a supportive environment for technological innovation [8].

Core Viewpoint - The ongoing speculation regarding the merger between Guoyuan Securities and Huazhong Securities has gained significant attention, particularly as both firms are state-owned and have a long-standing competitive relationship in Anhui Province [1][4][5]. Group 1: Company Background - Guoyuan Securities was established in 2001, while Huazhong Securities has a history dating back to 1991, making it ten years older [9][10][12]. - Both companies are controlled by the Anhui Provincial State-owned Assets Supervision and Administration Commission, which adds to the speculation about a potential merger [11][4]. Group 2: Performance Comparison - Guoyuan Securities has historically outperformed Huazhong Securities in terms of revenue, consistently ranking within the top 30 in the industry since 2021, with its best ranking being 21st [14]. - Huazhong Securities has shown rapid growth, moving from 43rd place in 2021 to 28th place in the first half of 2024, narrowing the revenue gap with Guoyuan Securities to just 5.89 billion yuan [14]. Group 3: Market Speculation and Responses - The merger rumors have persisted for over a decade, with previous speculation dating back to 2007 when Guoyuan Securities went public [7][8]. - Huazhong Securities has publicly stated its focus on "internal development" while also seeking "external expansion opportunities," which has fueled further speculation about a merger without confirming or denying it [6][1].

Core Viewpoint - The central financial work conference emphasizes the importance of technology finance in achieving high-quality development in the financial sector, advocating for a "technology-industry-finance" virtuous cycle system. Huazhong Securities actively responds to national strategies by innovating a "three-chain integration" service system to empower technological innovation and regional industrial upgrades [1]. Group 1: Technology Finance Strategy - Huazhong Securities has mobilized over 30 billion yuan in capital towards the technology innovation sector and successfully incubated 14 listed technology companies [2]. - The "three investment linkage" strategy integrates investment, investment banking, and research to create a closed-loop system that nurtures various stages of technology enterprises, guiding resources towards key areas like technological innovation and advanced manufacturing [3][4]. - The company has established a "four major collaborative mechanisms" to provide comprehensive services for hard technology enterprises, ensuring a 24-hour response and personalized service within two working days [4]. Group 2: Comprehensive Service Model - Huazhong Securities has transitioned from a single financial service model to a comprehensive service model that includes financing, intelligence, and business support, extending its coverage from pre-IPO companies to early-stage technology teams [4]. - The company has formed a capital market task force across four cities, identifying over a thousand specialized enterprises and entering a project reserve of more than a hundred [4]. - The fund management scale of Huazhong Securities exceeds 30 billion yuan, with over 140 investment projects, of which approximately 80% are in high-tech and strategic emerging industries [4]. Group 3: Future Development and Ecosystem - The company aims to integrate the industrial chain, innovation chain, and ecological chain to enhance the quality of service for the real economy [6][7]. - Huazhong Securities focuses on early-stage investments in hard technology sectors such as artificial intelligence and new energy vehicles, supporting companies like Guodian Gaoke and Kangxinwei [5]. - The establishment of the "Eagle and Antelope Acceleration Growth Plan" aims to support early-stage technology enterprises and create a comprehensive evaluation system for hard technology companies in Anhui [5].

华安证券、国元证券合并传闻由来已久。近日，又有投资者热心"撮合"两家的联姻。 9月16日华安证券发布的投资者关系活动记录表显示：在华安证券15日举行的业绩说明会上，有投资者 询问华安证券与国元证券何时合并。 华安证券回应称，将围绕既定战略目标，继续专注于内涵式发展、提升核心竞争力，同时把握政策机 遇、积极寻求外延式扩张的机会。重大事项公司将按规定进行公告。 投资者关系活动记录表 公开信息显示，华安证券、 国元证券的实控人均为安徽省国资委。作为安徽仅有的两家本土券商，国 元证券和华安证券上半年的业绩均创下了2015年中报以来的新高。 2025年上半年，华安证券实现营业收入28.08亿元，归母净利润10.35亿元，同比分别增长43.09%和 44.94%，创上市以来同期最好水平；截至6月末，公司总资产1021.18亿元。 国元证券方面，上半年实现营收33.97亿元，同比增长41.60%；归母净利润14.05亿元，同比增长 40.44%。截至2025年6月末，公司资产总额1771.99亿元，较上年末增长2.96%。 Wind数据显示，华安证券今年以来股价涨幅为6.4%，最新总市值为296.6亿元；国元证券今年以来股 ...

Regulatory Actions - Sichuan Securities Regulatory Bureau issued a warning letter to Huazheng Securities Chengdu Dongda Road Securities Business Department for failing to assess employees' integrity during their employment, violating regulations [1] - The bureau also took corrective administrative measures against Tian Ke for promoting false financial products to clients, resulting in significant losses, which contravened compliance management regulations [1] Previous Regulatory Issues - This is not the first regulatory penalty for Huazheng Securities in 2023; in January, the Anhui Securities Regulatory Bureau issued a warning letter to Huazheng Securities Hefei High-tech Zone Securities Business Department for improper employee conduct [2] - The company faced multiple compliance issues, including inadequate execution of private fund custody business regulations and ineffective employee management, reflecting poor compliance management [2] Financial Performance - For the first half of 2025, Huazheng Securities reported operating income of 2.81 billion yuan, a year-on-year increase of 43.1%, and a net profit attributable to shareholders of 1.04 billion yuan, up 44.9% year-on-year [2]

Core Viewpoint - The merger rumors between Huazhong Securities and Guoyuan Securities have garnered significant market attention, with both companies being the only A-share listed brokerages in Anhui Province, controlled by the Anhui Provincial State-owned Assets Supervision and Administration Commission [1] Group 1 - On September 16, Huazhong Securities released an investor relations activity record indicating that multiple investors inquired about the merger progress [1] - Huazhong Securities responded by stating that it will continue to focus on intrinsic development and enhancing core competitiveness while seizing policy opportunities and actively seeking external expansion [1] - The company emphasized that any major matters will be announced in accordance with regulations [1]

Core Viewpoint - The merger rumors between Huazhong Securities and Guoyuan Securities have garnered significant market attention, with both companies being the only A-share listed brokerages in Anhui Province, controlled by the Anhui Provincial State-owned Assets Supervision and Administration Commission [2] Group 1: Company Responses - On September 16, Huazhong Securities released an investor relations activity record indicating that multiple investors inquired about the merger progress [2] - Huazhong Securities stated that it will continue to focus on intrinsic development and enhancing core competitiveness while seizing policy opportunities and actively seeking external expansion opportunities [2] - The company emphasized that any major developments will be announced in accordance with regulations [2] Group 2: Market Context - Both Huazhong Securities and Guoyuan Securities are the only two A-share listed brokerages in Anhui Province, highlighting their unique position in the local market [2]

Group 1 - The Sichuan Securities Regulatory Bureau issued a warning letter to Huazheng Securities Chengdu Dongda Road Securities Business Department for failing to assess employees' integrity during their employment, violating relevant regulations [1] - The regulatory body identified that Tian Ke, during his tenure at Huazheng Securities Chengdu Ling'an Road Business Department (now Chengdu Dongda Road Business Department), promoted false financial products to clients, resulting in significant losses for them [1] - As a result of these findings, the Sichuan Securities Regulatory Bureau decided to impose corrective administrative measures on Tian Ke [1]

Group 1 - The event "2025 Anhui Listed Companies Investor Online Reception Day" was successfully held, indicating a growing engagement between listed companies and investors in Anhui [1] - In 2024, Anhui's capital market is expected to experience robust growth, with an increase in the number of listed companies and market scale, leading to a significant rise in total market capitalization and cash dividends [1] - Strategic emerging industries such as artificial intelligence, high-end equipment manufacturing, new energy, and digital economy are increasingly entering the capital market, reflecting an optimization and upgrading of the industrial structure in Anhui [1] Group 2 - By mid-2025, 189 listed companies in the region achieved a total operating revenue of 7550.83 billion and a net profit attributable to shareholders of 452.45 billion [2] - As of August 2025, the total market capitalization of listed companies in the region reached 24975.15 billion, with 56 companies valued over 100 billion, 9 over 500 billion, and 4 exceeding 1000 billion [2] - The Pudong New Area's "Going Global" service center aims to support companies in expanding their global presence by providing comprehensive services that integrate government support, professional assistance, and financial guarantees [2] Group 3 - The event included discussions on media relations management for listed companies, emphasizing the importance of proactive communication and accurate information dissemination to avoid misleading investors [3] - During the event, company executives engaged with investors on various topics, achieving a response rate of 85.88% to the 1204 questions posed by investors, enhancing mutual understanding and trust [3]

安徽天禾律师事务所 关于华安证券股份有限公司 2025 年第一次临时股东会 法律意见书 臼 安徽天禾律师事务所 ANHUI TIANHIE LAW OFFICE 地址：合肥市政务区怀宁路288号置地广场入座34-35层 电话: (0551) 62642792 传真: (0551) 62620450 Eli=3slvE.=e.e 法律意见书 安徽天禾律师事务所 关于华安证券股份有限公司 2025 年第一次临时股东会法律意见书 天律意2025第02469号 致：华安证券股份有限公司 根据 《中华人民共和国公司法》 (下称" 《公司法》 ") 、 《中华人民共和国 证券法》 (下称" 《证券法》 ") 、 《上市公司股东会规则》 和 《华安证券股份有 限公司章程》 (下称" 《公司章程》 ") 的有关规定，安徽天禾律师事务所接受华 安证券股份有限公司(下称"公司")的委托，指派本所李军、音少杰律师出席公 司2025年第一次临时股东会 (下称"本次股东会") , 并对本次股东会相关事项 进行见证， 出具法律意见。 本所同意将本法律意见书作为本次股东会的公告文件，随公司其他文件一并 报送有关主管部门审查并予以公告。 本 ...