中泰证券股份有限公司 关于召开2025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： 证券代码：600918 证券简称：中泰证券 公告编号：2025-036 一、 召开会议的基本情况 (一)股东会类型和届次 2025年第一次临时股东会 (四)现场会议召开的日期、时间和地点 召开的日期时间：2025 年 7 月 14 日 14 点 00 分 召开地点：山东省济南市市中区经七路 86 号证券大厦 23 楼会议室 1 股东会召开日期：2025年7月14日 本次股东会采用的网络投票系统：上海证券交易所股东大会网络投票系 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 (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大会网络投票系统 网络投票起止时间：自2025 年 7 月 14 日 至2025 年 7 月 14 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 东会召开当日的交易时间段 ...

证券代码：600918 证券简称：中泰证券 公告编号：2025-034 中泰证券股份有限公司 第三届监事会第八次会议决议公告 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。 中泰证券股份有限公司（以下简称"公司"）第三届监事会第八次会议于 2025 年 6 月 26 日在公司 19 楼会议室，以现场、视频、电话会议相结合的方式 召开。本次会议为定期会议，会议通知和会议材料于 2025 年 6 月 16 日以电子邮 件方式发出。会议应出席监事 7 名，实际出席监事 7 名（其中以视频、电话方式 出席会议的监事 5 名），公司相关高级管理人员、证券事务代表列席会议。本次 会议由监事会召集人安铁先生召集和主持，会议的召集、召开、主持符合《中华 人民共和国公司法》等法律法规和《公司章程》《公司监事会议事规则》的规定。 本次会议形成以下决议： 审议通过了《关于延长公司向特定对象发行 A 股股票股东会决议有效期的 议案》。 监事会认为，延长公司向特定对象发行 A 股股票股东会决议有效期事项， 符合相关法律法规和规范性文件的规定，符合公司及 ...

中泰证券股份有限公司 第三届董事会第十二次会议决议公告 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。 中泰证券股份有限公司（以下简称"公司"）第三届董事会第十二次会议于 2025 年 6 月 26 日在公司 19 楼会议室，以现场、视频、电话会议相结合的方式 召开。本次会议为定期会议，会议通知和会议材料于 2025 年 6 月 16 日以电子邮 件方式发出。会议应出席董事 11 名，实际出席董事 11 名（其中以视频、电话方 式出席会议的董事 8 名）。会议由董事长王洪先生召集和主持。公司监事及高级 管理人员列席会议。会议的召集、召开、主持符合《中华人民共和国公司法》等 法律法规和《公司章程》《公司董事会议事规则》的规定。会议形成以下决议： 证券代码：600918 证券简称：中泰证券 公告编号：2025-033 一、审议通过了《关于延长公司向特定对象发行 A 股股票股东会决议有效 期的议案》。 公司于 2024 年 10 月 9 日召开 2024 年第三次临时股东会，审议通过了《关 于延长公司向特定对象发行 A 股股票股东会 ...

Core Points - Jiangsu Luokai Electromechanical Co., Ltd. issued convertible bonds to unspecified investors, raising a total of RMB 403.431 million with a net amount of RMB 394.7988 million after deducting issuance costs [2][3] - The bonds will be traded on the Shanghai Stock Exchange starting from November 11, 2024, under the name "Luokai Convertible Bonds" with the code "113689" [3] - The bonds have a term of 6 years, maturing on October 16, 2030, with a face value of RMB 100 per bond [3][4] Bond Details - The coupon rates for the bonds are set at 0.20% for the first year, 0.40% for the second year, and will be determined for subsequent years [4] - The initial conversion price is set at RMB 15.45 per share, with adjustments based on various corporate actions such as stock dividends and capital increases [4][5] - The bonds are rated AA- by Dongfang Jincheng International Credit Rating Co., Ltd., with a stable outlook [4] Conversion and Redemption - Holders of the convertible bonds can convert them into shares starting from April 23, 2025, until the maturity date [4][6] - The company has the right to redeem the bonds at 115% of the face value plus accrued interest if certain conditions are met, such as the stock price exceeding 130% of the conversion price for a specified period [8][9] - In the last two years of the bond's term, bondholders can sell back their bonds to the company if the stock price falls below 70% of the conversion price for a continuous 30-day period [9][10] Financial Impact - The company plans to distribute a cash dividend of RMB 1.25 per 10 shares to all shareholders, which will not affect the company's operational capabilities or debt repayment ability [12][14] - The adjustment of the conversion price after the cash dividend will result in a new conversion price of RMB 15.33 per share, effective from July 4, 2025 [13][14]

Core Viewpoint - The company, Guangdong Hongqiang New Materials Co., Ltd., has successfully issued convertible bonds to unspecified investors, raising a total of RMB 316 million, with a net amount of RMB 310.86 million after deducting various fees [2][4][8]. Group 1: Bond Issuance Details - The convertible bonds have a face value of RMB 100 each and were issued at the same price [2][4]. - The total issuance amount of the convertible bonds is RMB 316 million, equivalent to 3.16 million bonds [4]. - The bonds will be listed on the Shenzhen Stock Exchange starting from November 8, 2023, under the name "Hongqiang Convertible Bonds" and code "127094" [3][4]. Group 2: Financial and Operational Aspects - The bonds have a maturity period from October 18, 2023, to October 17, 2029 [4]. - The initial conversion price of the bonds is set at RMB 10.89 per share, which will be adjusted based on the company's profit distribution plans [8]. - The company has provided a guarantee for the bonds from its actual controller and spouse, ensuring the repayment of principal and interest [5][6]. Group 3: Profit Distribution and Impact - The company plans to distribute cash dividends of RMB 3.00 per 10 shares, totaling RMB 63.07 million, without issuing bonus shares or increasing capital [6][7]. - The adjustment of the conversion price is in accordance with the company's profit distribution plan and will not adversely affect the company's operational capabilities or debt repayment ability [8][9].

Core Viewpoint - The report from Zhongtai Securities indicates that the banking sector's asset quality remains stable, transitioning from a "pro-cyclical" to a "weak cyclical" phase, with strong performance and dividend stability in the sector [1][2]. Group 1: Banking Sector Overview - The correlation between banks and fiscal policies has strengthened, with major banks having closer ties to central finance and local banks to local finance [2]. - The capital replenishment process for banks is accelerating under the risk prevention framework, with capital replenishment plans already implemented for four major banks, supporting growth for at least the next five years [2]. - The proportion of customers supported by national credit is high among bank clientele, with a stable safety margin for state-owned enterprises [2]. Group 2: Asset Quality and Risk Assessment - The non-performing loan (NPL) ratio for corporate and retail segments is decreasing for corporate loans and increasing for retail loans, with retail NPLs accounting for 30% of total NPLs, which is relatively low [2]. - As of 2024, the NPL ratios are projected to be 1.35% for corporate loans and 1.15% for retail loans, with NPL amounts comprising 65.5% and 34.5% respectively [2]. Group 3: Retail Loan Risks - The risk associated with operating loans in the retail sector is rising, with operating loans expected to account for 46.3% of the overall new retail NPLs in 2024 [3]. - The estimated scale of high-risk operating loans in listed banks is approximately 1.1 trillion yuan, representing 0.6% of the total loan scale projected for 2025 [3]. - The projected total amount of operating loan NPLs for listed banks in 2024 is around 223 billion yuan, which is about one-fifth of the high-risk assets identified in 2021 [3]. Group 4: Stress Testing and Risk Mitigation - Stress tests indicate that under a 20%-50% default rate scenario for high-risk operating loans, the impact on the overall loan NPL ratio for listed banks could range from 0 to 15 basis points [4]. - Local governments are leading the merger and restructuring of city commercial banks to mitigate financial risks, while provincial-level agricultural commercial banks are being restructured to enhance capital strength [4]. Group 5: Investment Recommendations - Following the implementation of "reciprocal tariffs," the banking sector remains a key investment focus, with a continued positive outlook on the stability and sustainability of banks [4]. - Two main investment themes are highlighted: banks with regional advantages and strong certainty, particularly in areas like Jiangsu, Shanghai, and Fujian, and large banks with high dividend yields, including major state-owned banks and select joint-stock banks [4].

Core Viewpoint - The company is focused on maintaining steady growth in loan issuance while supporting the real economy and rural revitalization efforts, with a strategic emphasis on agricultural and small micro-enterprises [3]. Group 1: Impact of U.S. Tariff Policies - The overall impact of U.S. tariff policies on the bank's clients is manageable, as there are few credit clients involved in U.S. imports and exports [2]. - The bank plans to closely monitor international policy changes and provide services such as exchange rate hedging to help clients mitigate trade risks [2]. - The bank will enhance financial support for existing import and export credit clients through fee reductions and process optimizations [2]. Group 2: Loan Growth Outlook - The bank expects a steady increase in loan scale for 2025, focusing on supporting the real economy and rural revitalization [3]. - There will be an emphasis on credit issuance for agricultural and small micro-enterprises, reinforcing the bank's strategic positioning in these areas [3]. - The bank aims to control risks while increasing loan issuance and optimizing loan structures to support economic development [3]. Group 3: Fee Income and Business Development - The bank plans to implement multiple measures to advance its intermediary business development in 2025 [4]. - There will be a focus on optimizing asset management structures and enhancing the scale of insurance product sales [4]. - The bank aims to improve comprehensive service capabilities for corporate clients, addressing their diverse needs in financing, foreign exchange trading, and asset management [4]. Group 4: Financial Performance - In the first quarter of 2025, the bank reported a main revenue of 3.057 billion yuan, a year-on-year increase of 0.99% [5]. - The net profit attributable to shareholders was 1.182 billion yuan, reflecting a year-on-year growth of 7.97% [5]. - The bank's investment income reached 0.962 billion yuan, with a debt ratio of 91.89% [5].

证券代码：600918 证券简称：中泰证券 公告编号：2025-032 中泰证券股份有限公司 2025 年 6 月 19 日，本公司兑付了本期短期融资券本息共计人民币 2,014,115,068.49 元。 特此公告。 中泰证券股份有限公司董事会 2025 年 6 月 19 日 2025年度第一期短期融资券兑付完成公告 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。 中泰证券股份有限公司（以下简称"本公司"）于 2025 年 1 月 8 日成功发 行了中泰证券股份有限公司 2025 年度第一期短期融资券（以下简称"本期短期 融资券"），本期短期融资券发行规模为人民币 20 亿元，票面利率为 1.60%， 短期融资券期限为 161 天，兑付日期为 2025 年 6 月 19 日。 ...

Group 1 - The core viewpoint of the articles indicates that the conflict between Israel and Iran is expected to have a short-term impact on major asset classes, particularly oil prices, which are likely to remain high unless there is a significant de-escalation in the conflict [1][2] - The military actions taken by Israel against Iran's nuclear facilities have raised concerns about potential disruptions in oil supply, leading to a rapid increase in oil prices, with global crude prices rising to $75.29 per barrel, a 6% increase from June 12 [3] - The conflict has resulted in a clear differentiation in global financial markets, with risk assets like stocks declining while safe-haven assets such as gold and the US dollar have surged, with gold prices surpassing $3,400 per ounce [4] Group 2 - The geopolitical tensions are unlikely to escalate into a full-scale war due to the support of major powers like the US for Israel and Russia for Iran, suggesting that the conflict may remain contained and manageable [4] - The potential for a prolonged geopolitical friction is noted, with the current situation possibly lasting longer than previous conflicts, such as the India-Pakistan tensions [4]

主力合约前20席位中，多头增仓前三名分别是：光大期货、持仓1622、增仓85，华泰期货、持仓1104、增仓85，银河期货、持仓 1020、增仓81；多头减仓前三名分别是：中泰期货、持仓710、减仓-1945，国泰君安、持仓5025、减仓-1164，国投期货、持仓 543、减仓-727； 新浪期货 根据交易所数据，截至6月17日收盘主力合约上证50指数期货2506,涨跌+0.10%,成交量2.83万手，持仓数据显示前20席位 呈现净空，差额头寸为2819手。 上证50指数期货期货全合约总计成交5.07万手，比上一日新增2873手。全合约前20席位多头持仓5.57万手，比上一日减少14手。全 合约前20席位空头持仓6.78万手，比上一日增加269手。 根据合并数据显示，多头前三席位为国泰君安，总持仓10382、中信期货，总持仓8336、海通期货，总持仓3360；空头前三席位为 国泰君安，总持仓12161、中信期货，总持仓11838、广发期货，总持仓8215； 主力合约前20席位中，空头增仓前一名分别是：申银万国、持仓295、增仓116；空头减仓前三名分别是：中金期货、持仓1679、 减仓-989，海通期货、持仓1 ...