证券代码：600909 证券简称：华安证券 公告编号：2025-036 华安证券股份有限公司 2024年年度股东大会决议公告 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。 重要内容提示： 本次会议是否有否决议案：无 一、 会议召开和出席情况 (一)股东大会召开的时间：2025 年 05 月 06 日 (二)股东大会召开的地点：安徽省合肥市滨湖新区紫云路 1018 号华安证券 21 楼 会议室 (三)出席会议的普通股股东和恢复表决权的优先股股东及其持有股份情况： | 1、出席会议的股东和代理人人数 | 739 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 2,748,842,074 | | 3、出席会议的股东所持有表决权股份数占公司有表决权股 | | | 份总数的比例（%） | 58.7560 | (四)表决方式是否符合《公司法》及《公司章程》的规定，股东大会主持情况等。 本次会议由公司董事会召集，采用现场投票和网络投票相结合的方式召开，公司 董事长章宏韬先生主持会议，会议的召集、召开 ...

Core Viewpoint - The company has released its 2024 annual report and Q1 2025 report, indicating a decline in revenue and net profit for Q1 2025, while maintaining a "buy" rating for the stock [1][2][8]. Financial Performance - Q1 2025: Revenue of 2.047 billion (-12.35%), net profit attributable to shareholders of 829 million (-9.54%), and non-recurring net profit of 816 million (-9.48%) [2]. - Q4 2024: Revenue of 1.830 billion (-5.00%), net profit attributable to shareholders of 583 million (-4.91%), and non-recurring net profit of 569 million (-8.42%) [3]. - 2024: Revenue of 7.344 billion (+8.46%), net profit attributable to shareholders of 2.589 billion (+13.45%), and non-recurring net profit of 2.566 billion (+14.93%) [4]. Revenue Breakdown - Q1 2025: Revenue from mid-to-high-end and ordinary liquor decreased by 8.6% and 32.1% respectively, with mid-to-high-end liquor accounting for 87.7% of total liquor revenue, up 3.6 percentage points year-on-year [5]. - 2024: Mid-to-high-end liquor revenue increased by 13.8%, while ordinary liquor revenue decreased by 6.5%, with mid-to-high-end liquor accounting for 81.6% of total liquor revenue, up 3.1 percentage points year-on-year [5]. Profitability Analysis - Q1 2025: Gross margin increased by 1.4 percentage points to 76.5%, primarily due to product mix upgrade, with net profit margin rising by 1.2 percentage points to 40.5% [6]. - 2024: Gross margin increased by 2.6 percentage points to 73.9%, with net profit margin rising by 1.2 percentage points to 35.3% [6]. Market Dynamics - Q1 2025: Revenue plus change in contract liabilities decreased by 8.6%, and cash sales declined by 5.3%, indicating intensified competition affecting channel collection [7]. Investment Outlook - The company maintains a positive long-term operational trend, driven by strong performance in the cave-aged series, despite short-term challenges from series liquor and external markets [8]. - Revenue forecasts for 2025-2027 are adjusted to 7.405 billion, 7.910 billion, and 8.514 billion respectively, with net profit forecasts of 2.634 billion, 2.865 billion, and 3.138 billion respectively [8].

新浪期货 根据交易所数据，截至4月30日收盘主力合约铅2506,涨跌-0.59%,成交量3.44万手，持仓数据显示前20席位呈现净空，差 额头寸为175手。 铅期货全合约总计成交5.20万手，比上一日新增7840手。全合约前20席位多头持仓4.80万手，比上一日增加1641手。全合约前20席 位空头持仓4.74万手，比上一日增加315手。 根据合并数据显示，多头前三席位为中信期货，总持仓10798、国泰君安，总持仓6127、银河期货，总持仓2469；空头前三席位为 国泰君安，总持仓5729、国投期货，总持仓5624、中信期货，总持仓4385； 主力合约前20席位中，多头增仓前三名分别是：东亚期货、持仓519、增仓327，国信期货、持仓592、增仓295，东证期货、持仓 1758、增仓191；多头减仓前三名分别是：国泰君安、持仓4245、减仓-330，物产中大、持仓651、减仓-276，方正中期、持仓 774、减仓-274； 主力合约前20席位中，空头增仓前三名分别是：东证期货、持仓2386、增仓549，国泰君安、持仓3778、增仓299，中信期货、持 仓2728、增仓267；空头减仓前三名分别是：国投期货、持 ...

主力合约前20席位中，多头增仓前三名分别是：华泰期货、持仓4253、增仓218，永安期货、持仓2916、增仓203，东证期货、持 仓6604、增仓187；多头减仓前三名分别是：国泰君安、持仓19176、减仓-2929，光大期货、持仓2270、减仓-507，海通期货、持 仓5051、减仓-363； 新浪期货 根据交易所数据，截至4月30日收盘主力合约中证1000指数期货2506,涨跌+0.56%,成交量10.88万手，持仓数据显示前20 席位呈现净空，差额头寸为17179手。 中证1000指数期货期货全合约总计成交17.24万手，比上一日减少6398手。全合约前20席位多头持仓21.41万手，比上一日减少4923 手。全合约前20席位空头持仓24.29万手，比上一日减少4413手。 根据合并数据显示，多头前三席位为中信期货，总持仓41107、国泰君安，总持仓40749、国投期货，总持仓13740；空头前三席位 为中信期货，总持仓59286、国泰君安，总持仓39493、海通期货，总持仓16357； | | | | | 2025年4月30日中证1000指数期货全合约持仓数据一览 | | | | | | | --- ...

文/梧桐数据中心 榜单前三名： 随着4月25日众捷汽车（301560）在创业板上市，2025年1-4月A股合计新上市公司37家，其中沪市主板8家、科创板5家、深市主板5家、创业板16家、北交所3家。 相较去年同期的35家，同比增长5.71%。这37家新上市公司募资净额为219.58亿元，相较去年同期的237.06亿元，同比下降7.37%。 一、保荐机构业绩排名 2025年1-4月，共有22家保荐机构承担了这37家新上市公司的IPO上市业务。 第一名：国泰海通（5单）（注：国泰君安与海通证券合并计算，其中海通证券有3单，国泰君安有2单） 第二名：华泰联合（4单）、中信证券（4单） | 排名 | 保存机构 | 业务更数 | | --- | --- | --- | | | 国泰海通 | 5 | | | 华泰联合 | 4 | | 2 ● | > 中信证券 | | | --- | --- | --- | | 40 | | | | 5 | UIVVV 东兴证券 | | | 5 | 申万宏源 | 2 | | 5 | 天风证券 | 2 | | 8 | 华安证券 | 1 | | 8 | 东方证券 | 1 | | 8 | 光大证 ...

Core Viewpoint - The industry market is gradually recovering, and the company is expected to benefit from the upcoming product cycle, leading to a "buy" rating for Beijing Junzheng [1][6]. Financial Performance - In Q1 2025, Beijing Junzheng reported revenue of 1.06 billion yuan, a year-on-year increase of 5.3% and a quarter-on-quarter increase of 4.8% [2][4]. - The net profit attributable to shareholders was 74 million yuan, a year-on-year decrease of 15.3% but a quarter-on-quarter increase of 19.6% [2][4]. - The non-recurring net profit was 66 million yuan, down 18.8% year-on-year but turned profitable quarter-on-quarter [2][4]. - The gross margin for Q1 2025 was 36.4%, a year-on-year decrease of 1.0 percentage points but a quarter-on-quarter increase of 1.9 percentage points [2][4]. Product Line Analysis - **Computing Chips**: Revenue for Q1 2025 was 270 million yuan, with a year-on-year increase of 12.4% but a quarter-on-quarter decrease of 2.7%. The company plans to enhance computing power with the upcoming T42 chip, expected to exceed 2T [3]. - **Storage Chips**: Revenue reached 660 million yuan, a year-on-year increase of 3.4% and a quarter-on-quarter increase of 9.9%. The recovery in automotive, industrial, and medical sectors is anticipated to drive growth in 2025 [4]. - **AI-Driven Products**: The company is actively developing 3D AI DRAM products to meet the increasing demand for high-bandwidth, low-power storage solutions driven by AI technology [5]. - **LED and Interconnect Chips**: Revenue for Q1 2025 was 120 million yuan, with a year-on-year increase of 12.3% but a quarter-on-quarter decrease of 4.0%. The automotive market is seeing increased demand for LED driver chips [5]. Investment Outlook - The company forecasts net profits of 460 million yuan, 700 million yuan, and 1.05 billion yuan for 2025, 2026, and 2027, respectively, with corresponding EPS of 0.96, 1.45, and 2.17 yuan per share [6]. - The overall market situation in 2025 is expected to improve compared to 2024, supporting gradual performance recovery [6].

Core Viewpoint - Six securities firms reported strong growth in both revenue and net profit for Q1 2025, indicating a robust performance in the industry [2][4][7]. Group 1: Financial Performance - CICC achieved revenue of 5.721 billion yuan, a year-on-year increase of 47.69%, and a net profit of 2.042 billion yuan, up 64.85% [3][4]. - China Merchants Securities reported revenue of 4.713 billion yuan, a 9.64% increase, and a net profit of 2.308 billion yuan, up 6.97% [3][5]. - Changjiang Securities saw significant growth with revenue of 2.514 billion yuan, an 88.81% increase, and a net profit of 980 million yuan, up 143.76% [3][5]. - Guoyuan Securities reported revenue of 1.519 billion yuan, a 38.37% increase, and a net profit of 641 million yuan, up 38.40% [3][6]. - Huazhong Securities achieved revenue of 1.431 billion yuan, a 72.02% increase, and a net profit of 525 million yuan, up 87.79% [3][5]. - Great Wall Securities reported revenue of 1.277 billion yuan, a 41.02% increase, and a net profit of 605 million yuan, up 71.56% [3][5]. Group 2: Industry Trends - The growth in performance is attributed to increased brokerage and investment banking activities, supported by a rise in new A-share accounts [7][9]. - In March 2025, new A-share accounts reached 3.0655 million, a 26.67% increase compared to March 2024 [7]. - The total number of new accounts for Q1 2025 was 7.4714 million, a 31.74% increase year-on-year [7][8]. - Analysts believe that the capital market's recovery since September 2024 has led to increased trading activity, contributing to the strong performance of securities firms [9].

证券代码：600909 证券简称：华安证券 公告编号：2025-035 华安证券股份有限公司 第四届监事会第十次会议决议公告 本公司监事会及全体监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 2025 年 4 月 25 日以电子邮件 方式发出第四届监事会第十次会议通知。会议于 2025 年 4 月 28 日以书面审议、 通讯表决方式召开。本次会议应到监事 5 人，实到监事 5 人，本次会议的有效表 决权数占监事总数的 100%。会议的召集召开及表决程序符合《公司法》《公司章 程》和《监事会议事规则》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《华安证券 2025 年第一季度报告》。 监事会对公司 2025 年第一季度报告出具的审核意见： （一）公司 2025 年第一季度报告的编制和审议程序符合法律、法规、公司 章程等规定。 （二）公司 2025 年第一季度报告的内容和格式符合中国证监会和上海证券 交易所的各项规定，报告的内容真实、准确、完整地反映了公司的实际情况。 华安证券股份有限公司监 ...

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 2025 年 4 月 25 日以电子邮件 方式发出第四届董事会第二十六次会议通知及文件。本次会议于 2025 年 4 月 28 日以书面审议、通讯表决方式召开。本次会议应到董事 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： 证券代码：600909 证券简称：华安证券 公告编号：2025-034 华安证券股份有限公司 第四届董事会第二十六次会议决议公告 特此公告。 华安证券股份有限公司董事会 2025 年 4 月 29 日 一、审议通过了《华安证券 2025 年第一季度报告》。 本议案已经公司董事会审计委员会 2025 年第四次会议预审通过。具体内容 请参阅与本公告同日披露的《华安证券股份有限公司 2025 年第一季度报告》。 表决结果：10 票同意，0 票反对，0 票弃权。 二、审议通过了 ...