计工作计划（如适用） 二个月内向审计委员会提交年度内部审计工 √ 作报告（如适用） √ 会提交一次内部控制评价报告（如适用） √ 等事项是否建立了完备、合规的内控制度 （三）信息披露 现场检查手段：查阅公司公告、相关制度性文件，访谈公司相关董事、监事、高管人员 等 √ 取得重要进展 √ 是否符合公司信息披露管理制度的相关规定 √ 互动易网站刊载 （四）保护公司利益不受侵害长效机制的建立和执行情况 现场检查手段：查阅公司《公司章程》、《关联交易管理制度》、《对外担保管理制度》等 相关制度文件，查阅公司与关联交易相关的审议程序文件、信息披露文件，对相关人员 进行访谈等 其关联人直接或者间接占用上市公司资金或 √ 者其他资源的制度 存在直接或者间接占用上市公司资金或者其 √ 他资源的情形 √ 应的信息披露义务 √ 的信息披露义务 √ 不清偿被担保债务等情形 √ 重新履行了相应的审批程序和披露义务 （五）募集资金使用 现场检查手段：查阅公司《募集资金管理制度》，查阅公司募集资金三方监管协议，查阅 公司与募集资金使用有关的公告、对账单、合同、付款凭证等，现场查看募投项目实施 情况，对公司相关人员进行访谈等 √ 监管协议 ...

Group 1 - The core viewpoint of the articles highlights that the brokerage industry has seen significant growth in 2024, with nearly 90% of companies reporting improved performance, driven by a bullish market for both stocks and bonds, as well as increased trading activity since September 24 [1] - Several brokerages reported substantial increases in new account openings for 2024, with Zhongtai Securities adding 1.0508 million accounts (up 93.12% year-on-year), Nanjing Securities seeing a 51% increase, and Ping An Securities exceeding 1.7 million new accounts [1] - Among the brokerages that have released their 2024 annual reports, Dongfang Caifu achieved a net profit of 9.610 billion yuan, up 17.29% year-on-year, Nanjing Securities reported a net profit of 1.002 billion yuan, up 47.95%, while Zhongtai Securities saw a decline in net profit to 937 million yuan, down 47.92% [1] Group 2 - The brokerage sector is expected to experience a fundamental reversal in Q1 2025, supported by a low base effect, with increased expectations for mergers and acquisitions within the industry [2] - The brokerage ETF fund (515010) tracks the CSI All Share Securities Company Index, providing efficient exposure to the brokerage sector and benefiting from the market recovery [2]

Core Viewpoint - The stock market has shown strong trading activity, with both exchanges recording over 1 trillion yuan in trading volume for 45 consecutive days, indicating robust investor interest and confidence in the market [3][4]. Group 1: Market Performance - The Shanghai Composite Index and ChiNext Index experienced slight declines, while the STAR Market 50 Index fell over 1% [3]. - The CSI All Share Securities Companies Index decreased by 0.35%, with individual stocks showing mixed performance; Zhejiang Securities and Zhongtai Securities rose over 1%, while Xinda Securities and China Galaxy fell over 2% [3]. Group 2: Fund Flows and Investor Sentiment - There has been a continuous inflow of leveraged funds, reflecting increased market confidence in the mid-term outlook [4]. - The presence of policies aimed at stabilizing the market and expectations of interest rate cuts have alleviated concerns about liquidity tightening, contributing to the inflow of leveraged funds [4]. Group 3: Policy Support and Market Strategy - Policies emphasizing the support for new productive forces and the deepening of the registration system are expected to attract long-term capital, enhancing market activity [3]. - Short-term investment strategies in the securities sector are advised to focus on stability, particularly around quarterly earnings reports and potential mergers and acquisitions [4]. Group 4: Mergers and Acquisitions - The current focus on mergers and acquisitions is driven by supportive policies and increasing operational challenges within the securities industry, leading to heightened interest in consolidation [4]. - Historical analysis indicates that significant merger and acquisition activity often correlates with favorable policy and market conditions, suggesting a new wave of consolidation in the securities sector [4]. Group 5: Investment Opportunities - The Securities ETF Leader (560090) is highlighted as an effective tool for investors to gain exposure to the securities sector, tracking the CSI All Share Securities Companies Index and encompassing 50 listed brokerage stocks [4].

调研情况显示，欧科亿在调研中就多个方面作出回应： 其一，政策驱动带来刀具需求变化，促进整体经济复苏及市场发展，推动刀具需求高端化等，公司 提前布局产能和终端服务。 欧科亿接待5家机构调研，包括淡水泉投资、中泰证 券、招商证券、同威投资等 2025年3月24日，欧科亿披露接待调研公告，公司于3月20日接待淡水泉投资、中泰证券 （600918）、招商证券、同威投资、正心谷资本等5家机构调研。 答:一方面,国家出台的多方面政策,促进设备更新换代、促进消费、优化地方债务、增加制造业投入 等,会对整体的经济及市场带来促进作用,刀具作为基础的耗材产品,能最快受益于下游加工的复苏。另一 方面,随着国家政策对制造业转型升级、绿色低碳发展以及关键领域自主可控的持续推动,刀具需求呈现 高端化、高效化、高精度、定制化发展,钛合金、高温合金、复合材料等难加工材料切削需求增加,推动 复合刀具、超硬刀具(PCD/CBN)、陶瓷刀具等高端产品需求增长;涂层刀具、模块化刀具等高效产品需 求增加,刀具寿命监测、智能换刀系统等数字化服务需求增长;关键领域"自主可控",推动国产刀具在航空 航天、军工等领域的替代比例提升。公司及时响应市场需求,提前 ...

中泰证券：结构矛盾继续推升铜金价格 继续关注旺 季成色 智通财经APP获悉，中泰证券发布研报称，贵金属方面，当前美国通胀增长相对温和，而本周初请失业 金人数保持稳定，显示美国经济仍有韧性，黄金价格突破3000美元/盎司后短期预计将维持震荡。中长 期看，美国远端国债实际收益率处于2%左右历史高位，高利率下美国经济压力逐步显现，随着全球信 用格局重塑，贵金属价格将保持长期上行趋势。大宗金属方面，本周维持利率水平不变，美元温和走 强，大宗金属有不同程度下跌。在长期供需格局重塑背景下，大宗金属价格进一步下行的空间有限，随 着国内外政策的持续落地，行业有望迎来景气上行周期。 中泰证券主要观点如下： 对于氧化铝，氧化铝现货价格进一步下跌，期货企稳 1)供给方面，氧化铝产量减少。2025年3月21日，根据钢联统计，氧化铝建成产能10575万吨，环比增加 0.095%;运行产能9075万吨，环比减少20万吨。氧化铝周度产量175.4万吨，环比上周减少0.1万吨。2)需 求方面，供给过剩。氧化铝/电解铝产能运行比2.07，供给过剩。本周氧化铝项目减停产与投产并行， 氧化铝基本面维持小过剩格局，氧化铝现货价格短期仍维持偏弱运行为 ...

Key Points - The article emphasizes the Chinese government's commitment to implementing proactive macro policies to support economic stability and growth, including potential new policies if necessary [2] - The article highlights the importance of enhancing the business environment for various enterprises through economic reforms and addressing bottlenecks in economic circulation [2] - The article discusses the upcoming significant events in the global market, including earnings reports from major companies and important economic data releases [4] Macro - Premier Li Qiang met with U.S. senators, stating that trade wars yield no winners and emphasizing the need for cooperation to address trade imbalances [6] - Vice Premier He Lifeng welcomed multinational companies to invest in China, highlighting the resilience and potential of the Chinese economy [6] - The government plans to deepen supply-side structural reforms and regulate competition to promote high-quality development [6] Domestic Stock Market - CITIC Securities identified two critical time points for the market: the first in early April when external risks are expected to materialize, and the second mid-year when U.S. economic and policy cycles may align with China's [9] - The "Leading Enterprise" action plan in Guangzhou aims to enhance the integration of industry and capital, promoting more competitive companies to go public [9] - The report notes a significant increase in new account openings at several securities firms, indicating growing market participation [10] Financial - A surge in the number of funds focusing on free cash flow indicates a market trend towards financial health metrics, driven by demand and policy direction [14] - The head of the Industrial and Commercial Bank of China emphasized the shift from a capital-centric to a technology-centric financial service model [14] Real Estate - Suggestions were made to stabilize asset prices and improve income levels to boost consumer spending, particularly in real estate and equity markets [17] Industry - XPeng Motors' chairman discussed the future of high-level autonomous driving technology, predicting significant advancements in the coming years [19] - The Henan province announced plans for extensive 5G infrastructure development, aiming for over 270,000 5G base stations in the next three years [19] Overseas - The WTO Director-General highlighted the U.S. as a major beneficiary of global trade, countering claims of trade disadvantages [21] - The UK government plans to invest £600 million to address skill shortages in the construction sector, crucial for housing development [22] International Stock Market - SpaceX aims to achieve a weekly launch frequency for its Starship within a year, enhancing its operational capabilities [23] Commodity - The China Iron and Steel Association noted that supply-demand imbalances are a key issue in the industry, advocating for the closure of new production capacity [26] - Methanol port inventories have decreased, indicating a market shift towards destocking [26] - BHP's CEO projected a significant copper supply gap in the next decade, emphasizing the need for substantial investment in mining [26] Bonds - The government plans to issue long-term special bonds to support various initiatives, with a focus on local government debt management [28] - The AI and robotics sectors are identified as key drivers of market growth, with expectations for increased investment opportunities [28]

RSM | 容 诚 审计报告 中泰证券股份有限公司 容诚审字[2025]251Z0002 号 容诚会计师事务所(特殊普通合伙) 中国 · 北京 您可使用手机"扫一扫"或进入"注册会计师行业统一监管平台（http://ac.mof.gov.cn）"进行查 您可使用手机"扫一扫"或进入"注册会计师行业统一监管平台（http://ac.mof.gov.cn）"进行查 目 录 | 序号 | 内容 | 页码 | | --- | --- | --- | | 1 | 审计报告 | 1-6 | | 2 | 合并资产负债表 | 1 | | 3 | 合并利润表 | 2 | | 4 | 合并现金流量表 | 3 | | 5 | 合并所有者权益变动表 | 4-5 | | 6 | 母公司资产负债表 | 6 | | 7 | 母公司利润表 | 7 | | 8 | 母公司现金流量表 | 8 | | 9 | 母公司所有者权益变动表 | 9-10 | | 10 | 财务报表附注 | 11-198 | 我们按照中国注册会计师审计准则的规定执行了审计工作。审计报告的 "注册会计师对财务报表审计的责任"部分进一步阐述了我们在这些准则下的 责任。按照中国 ...

【RSM | 容 诚 内部控制审计报告 中泰证券股份有限公司 容诚审字[2025]251Z0003 号 容诚会计师事务所(特殊普通合伙) 中国 · 北京 您可使用手机"扫一扫"或进入"注册会计师行业统一监管平台（http://ac.mof.gov.cn） "进行查应 您可使用手机"扫一扫"或进入"注册会计师行业统一监管平台（http://ac.mof.gov.cn） "进行查测 " 目 录 | 序号 | 内容 | 页码 | 浅 | | --- | --- | --- | --- | | | 内部控制审计报告 | 1-2 | | 内部控制审计报告 容诚审字[2025]251Z0003 中泰证券股份有限公司全体股东: 按照《企业内部控制审计指引》及中国注册会计师执业准则的相关要求, 我们审计了中泰证券股份有限公司（以下简称"中泰证券"）2024 年 12 月 31 日的财务报告内部控制的有效性。 一、企业对内部控制的责任 按照《企业内部控制基本规范》、《企业内部控制应用指引》、《企业内 部控制评价指引》的规定,建立健全和有效实施内部控制,并评价其有效性是 中泰证券董事会的责任。 我们的责任是在实施审计工作的基础上 ...

中泰证券股份有限公司 2024 年度独立董事述职报告 独立董事杜兴强 本人作为中泰证券股份有限公司（以下简称"公司"）独立董事，按照《上 市公司独立董事管理办法》《上海证券交易所上市公司自律监管指引第 1 号—— 规范运作》等法律法规、规范性文件以及《公司章程》《公司独立董事工作细则》 的有关规定，忠实、勤勉，认真履行职责。现就 2024 年度任职期间（2024 年 4 月 29 日至 2024 年 12 月 31 日）履职情况报告如下。 一、基本情况 本人杜兴强，1974 年 1 月生，中国国籍，无永久境外居留权，管理学博士， 教授。曾任厦门大学会计系讲师、副教授。现任厦门大学会计系主任、教授、博 士生导师。2024 年 4 月至今任公司独立董事。 本人符合《上市公司独立董事管理办法》《证券基金经营机构董事、监事、 高级管理人员及从业人员监督管理办法》《上海证券交易所上市公司自律监管指 引第 1 号——规范运作》等规定的任职条件、独立性要求，具备胜任能力，不存 在影响独立性的情况。 二、年度履职概况 （一）出席董事会和股东会情况 2024 年度任职期间，本人积极出席公司股东会会议 3 次、董事会会议 8 次 ...

中泰证券股份有限公司 中泰证券股份有限公司（以下简称"公司"）聘请容诚会计师事务所（特殊 普通合伙）（以下简称"容诚会计师事务所"）担任公司 2024 年度财务报告和 内部控制审计机构。公司根据《国有企业、上市公司选聘会计师事务所管理办法》 《上海证券交易所上市公司自律监管指引第 1 号——规范运作》《公司章程》等 规定，对容诚会计师事务所在 2024 年度财务报告和内部控制审计过程中的履职 情况进行了评估。具体情况如下。 一、会计师事务所基本情况 容诚会计师事务所由原华普天健会计师事务所（特殊普通合伙）更名而来， 初始成立于 1988 年 8 月，2013 年 12 月 10 日改制为特殊普通合伙企业，是国内 最早获准从事证券服务业务的会计师事务所之一，长期从事证券服务业务。注册 地址为北京市西城区阜成门外大街 22 号 1 幢 10 层 1001-1 至 1001-26。 对会计师事务所履职情况评估报告 容诚会计师事务所首席合伙人为刘维先生。截至 2024 年 12 月 31 日，容诚 会计师事务所共有合伙人 212 人，共有注册会计师 1,552 人，其中 781 人签署过 证券服务业务审计报告。 容诚 ...