Group 1 - The core viewpoint of the news is the emphasis on the role of Zhongtai Securities in promoting financial culture and supporting the development of the real economy in Shandong Province, highlighted by the recognition of four of its products in the "Good Financial Products" list [1] - Zhongtai Securities has been recognized for its strong performance in investment banking and bond business, receiving an A rating in the 2024 annual evaluation by the China Securities Association, and being one of only three brokerages to achieve the highest ratings in both categories [1] - The company has established itself as a large, comprehensive listed brokerage with a solid reputation and operational capabilities, having served the Shandong market for 24 years [1] Group 2 - Zhongtai Securities has focused on enhancing its digital capabilities, forming a professional fintech team of over 650 members and investing more than 1 billion yuan annually in IT, maintaining industry-leading investment intensity for five consecutive years [2] - The company has developed platforms such as "Zhongtai Wealth" and "Qifutong" APP, providing personalized asset allocation services to over 10 million clients, with "Qifutong" being recognized as one of the top ten brokerage apps for seven consecutive years [2] - The proprietary XTP trading system has become a leading quantitative private equity trading platform, covering over 90% of the market [2] Group 3 - Zhongtai Securities has facilitated direct financing for over 700 enterprises nationwide, amounting to more than 850 billion yuan in the past five years, with 240 billion yuan raised for over 200 local enterprises in Shandong [3] - The company ranked fifth in the number of A-share IPO approvals and sixth in the number of issuances among national brokerages in 2024 [3] - The company aims to enhance its service quality and contribute to the high-quality development of Shandong's financial sector by implementing initiatives that align with central and provincial financial work directives [3]

证券代码：600918 证券简称：中泰证券 公告编号：2025-035 （一）提前离任的基本情况 中泰证券股份有限公司（以下简称"公司"）于 2025 年 6 月 26 日收到职工 董事、董事会秘书张晖女士的辞职报告。 | | | | 是否继续 | 是否存 | | | --- | --- | --- | --- | --- | --- | | | | | 在上市公 | 在未履 | | | | | 原定任期 | 离任 | | | | 姓名 | 离任职务 | 离任时间 | | 司及其控 | 行完毕 | | | | 到期日 | 原因 | | | | | | | 股子公司 | 的公开 | | | | | | 任职 | 承诺 | | | | 职工董事、董事会 | | | | | 张晖 风险管理委员会委 否 否 月 26 日 月 28 日 原因 员、董事会秘书 中泰证券股份有限公司 关于变更职工董事、董事会秘书的公告 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。 一、职工董事、董事会秘书离任情况 （二）离任对公司的影响 董事会秘书联系方 ...

证券代码：600918 证券简称：中泰证券 公告编号：2025-035 中泰证券股份有限公司 关于变更职工董事、董事会秘书的公告 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。 一、职工董事、董事会秘书离任情况 二、选举职工董事、聘任董事会秘书情况 2025 年 6 月 26 日，公司召开职工代表大会，选举孙海昕女士（简历详见附 件）为公司第三届董事会职工董事，任期自职工代表大会选举通过之日起至第三 1 （一）提前离任的基本情况 中泰证券股份有限公司（以下简称"公司"）于 2025 年 6 月 26 日收到职工 董事、董事会秘书张晖女士的辞职报告。 | | | | | | | | | 是否继续 | 是否存 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | | | 原定任期 | | 离任 | 在上市公 | 在未履 | | 姓名 | 离任职务 | 离任时间 | | | 到期日 | | 原因 | 司及其控 | 行完毕 | | | | | | ...

中泰证券股份有限公司 2025 年第一次临时股东会 会议材料 | 公司 | 年第一次临时股东会会议议程 2025 | 1 | | --- | --- | --- | | 公司 | 2025 年第一次临时股东会会议须知 | 2 | | 议案 | 股股票 1：关于延长公司向特定对象发行 A | | | | 股东会决议有效期的议案 | 4 | | 议案 | 2：关于提请股东会授权董事会全权办理本次 | | | | 向特定对象发行 股股票相关事宜的议案 A | 6 | 中泰证券股份有限公司 中泰证券股份有限公司 2025 年第一次临时股东会会议须知 2025 年 7 月·济南 | | | 2025 年第一次临时股东会会议议程 会议议程： 1 会议时间：2025 年 7 月 14 日（周一）14:00 会议地点：山东省济南市市中区经七路 86 号证券大厦 23 楼会议室 一、宣布会议开始 二、宣读会议须知 三、宣布会议现场出席情况 四、审议议案 五、推举计票人、监票人 六、投票表决 七、休会（汇总统计现场及网络投票结果） 八、宣布表决结果 九、宣读法律意见书 十、宣布会议结束 为维护股东合法权益，确保股东会的正常秩序和 ...

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].