Core Viewpoint - The company has demonstrated resilience and growth in various business segments despite a challenging market environment, with significant increases in revenue and market share in key areas such as wealth management, investment banking, and asset management [5][19][30]. Group 1: Company Overview - The company is focused on providing a wide range of financial products and services to individual, institutional, and corporate clients, with major business segments including wealth management, investment banking, investment management, and trading [7][28]. - The company has appointed a new securities affairs representative effective February 21, 2025 [4]. Group 2: Financial Performance - In 2024, the company reported a total revenue distribution across its business segments: wealth management and institutional business (102.33 billion RMB), investment banking (8.58 billion RMB), investment management (9.24 billion RMB), trading (63.34 billion RMB), and other businesses (25.43 billion RMB) [7]. - The company plans to distribute a cash dividend of 3.77 RMB per 10 shares to shareholders, totaling approximately 3.28 billion RMB based on the total share count as of December 31, 2024 [3]. Group 3: Market Environment - The overall economic environment in China remained stable in 2024, with a focus on high-quality development and increased support for capital markets [5]. - The total market size of ETFs reached 3.78 trillion RMB by the end of 2024, reflecting an 85.05% year-on-year increase [5]. - A-share listed companies distributed dividends totaling 2.39 trillion RMB, marking a 7.15% increase year-on-year, the highest in history [5]. Group 4: Wealth Management and Institutional Business - The A-share market saw a significant increase in trading volume, with stock fund trading volume reaching 29.58 trillion RMB, a 22.90% increase year-on-year [8]. - The company has enhanced its wealth management services by focusing on digital transformation and improving customer experience through various initiatives [9][10]. Group 5: Investment Banking - The A-share equity financing market experienced a significant decline, with total equity financing down 72.76% year-on-year, while the Hong Kong IPO market saw a substantial increase of 89.47% [21][22]. - The company ranked 7th in A-share equity underwriting and 8th in IPO underwriting, showing resilience in a challenging market [24]. Group 6: Investment Management - The asset management sector is growing, with the company’s total asset management scale reaching 2.67 trillion RMB by the end of 2024 [30]. - The company has successfully launched new public fund products and is expanding its cross-border business [30]. Group 7: Trading and Investment - The company has actively developed its trading strategies, focusing on high-dividend investments and utilizing advanced technologies for market analysis [39][41]. - The company’s foreign exchange business has expanded significantly, maintaining a strong market presence [42]. Group 8: Future Outlook - The company aims to strengthen its wealth management and investment banking capabilities while enhancing digital services and risk management practices [19][27][36].

Financial Performance - In 2024, the company achieved operating revenue of 20.89 billion, a year-on-year increase of 5.40% compared to 19.82 billion in 2023 [3] - The net profit attributable to shareholders reached 10.39 billion, reflecting an 18.51% increase from 8.76 billion in the previous year [3] - The net profit after deducting non-recurring gains and losses was 10.38 billion, up 18.84% from 8.73 billion in 2023 [3] - The net cash flow from operating activities was 54.73 billion, a significant increase of 101.97% compared to 27.10 billion in 2023 [3] Business Segmentation - The wealth management and institutional business accounted for the highest revenue share at 48.98%, followed by investment banking at 4.11%, investment management at 4.42%, trading and investment at 30.32%, and other businesses at 12.17% [2] - Wealth management and institutional business generated revenue of 10.23 billion, with a year-on-year growth of 2.22% [4] - Investment banking revenue was 857.64 million, down 33.75% due to a slowdown in the A-share equity financing market [5] - Investment management revenue was 924.04 million, showing a slight decrease of 0.30% [6] - The trading and investment business saw a substantial increase in revenue to 6.33 billion, up 79.14% [6] User Metrics - As of the end of 2024, the company had approximately 19.30 million active trading clients, an increase of 8.68% year-on-year [4] - The total assets under custody reached 4.27 trillion, reflecting a growth of 14.78% [4] - The company's app ranked fifth in terms of monthly active users among securities firms, with the highest average daily usage time per user [4] Executive Compensation - The total compensation for the company's directors and senior management decreased by 30.64% to 17.47 million from 25.19 million in 2023 [7] - Only three executives received salaries exceeding 2 million, with the chairman earning 2.47 million, the president 2.36 million, and a vice president 2.01 million [7]

Group 1 - The meeting of the Supervisory Board of China Merchants Securities Co., Ltd. was held in Shenzhen, with all six supervisors present [1] - The Supervisory Board approved the 2024 Annual Report, which includes both A-share and H-share reports, prepared according to relevant listing rules and accounting standards [1] - The meeting also approved the 2024 Annual Business Report, 2024 Internal Control Evaluation Report, 2024 Compliance Report, 2024 Sustainable Development Report, 2024 Compliance Management Effectiveness Assessment Report, and 2024 Supervisory Board Work Report, all with unanimous approval [2][2][2][2][2][2] Group 2 - All resolutions passed by the Supervisory Board are subject to review at the 2024 Annual General Meeting of Shareholders [2][3]

Profit Distribution Plan - The company plans to distribute a cash dividend of 0.377 RMB per share (including tax) [1] - The total cash dividend to be distributed amounts to 4,156,939,813.27 RMB, which represents 40.02% of the net profit attributable to shareholders for the year [1][2] - The total share capital as of December 31, 2024, is 8,696,526,806 shares [1] Historical Comparison - The cash dividend for 2024 is significantly higher than previous years, with 2,191,524,755.11 RMB in 2023 and 1,608,857,459.11 RMB in 2022 [2] - The net profit attributable to shareholders for 2024 is reported at 10,385,872,410.71 RMB, compared to 8,763,959,184.96 RMB in 2023 [2] Decision-Making Process - The profit distribution plan was approved during the 16th meeting of the 8th Board of Directors held on March 27, 2025 [3] - The plan aligns with the company's profit distribution policy and previously disclosed shareholder return plans [3]

招商证券股份有限公司 2024 可持续发展报告 中国广东省深圳市福田街道 福华一路111号招商证券大厦 邮编: 518046 如需进一步了解，请致电: 0755-82943666 全国统一客服热线:95565 招商证券官方网站：www.cmschina.com 目 录 CONTENTS | 关于本报告 | 01 | 13 可持续发展治理 01 | | --- | --- | --- | | 董事会声明 | 03 | | | | | 15 1.1 利益相关方识别与沟通 | | 走进招商证券 | 05 | 1.2 重要性议题识别与分析 17 | | 公司概况 | 07 | 1.3 可持续发展治理体系 23 | | 主要业务及服务内容 | 09 | 25 1.4 可持续发展战略 | | 年度关键绩效 | 10 | 1.5 管理ESG风险和机遇 30 | | 奖项及荣誉 | 11 | | | 2.1 数字金融赋能 | 39 | | --- | --- | | 2.2 数据与隐私保护 | 43 | | 2.3 保障客户权益 | 46 | | 2.4 助力国民投教 | 51 | | 附录 | | | | | | | | ...

招商证券股份有限公司董事会审计委员会 对会计师事务所2024年度履行监督职责情况的报告 根据《中华人民共和国公司法》《中华人民共和国证券法》《上市公司治理 准则》以及财政部、国务院国有资产监督管理委员会、中国证券监督管理委员会 《国有企业、上市公司选聘会计师事务所管理办法》等规定和要求，招商证券股 份有限公司（以下简称"公司"）董事会审计委员会本着勤勉尽责的原则，恪尽 职守，认真履职。现将董事会审计委员会对会计师事务所 2024 年度履行监督职 责情况报告如下： 一、2024 年度会计师事务所基本情况 1. 毕马威华振会计师事务所（特殊普通合伙）（以下简称"毕马威华振"） 毕马威华振会计师事务所于 1992 年 8 月 18 日在北京成立，于 2012 年 7 月 5 日获财政部批准转制为特殊普通合伙的合伙制企业，更名为毕马威华振会计师 事务所（特殊普通合伙），2012 年 7 月 10 日取得工商营业执照，并于 2012 年 8 月 1 日正式运营。 毕马威华振总所位于北京，注册地址为北京市东城区东长安街 1 号东方广 场东 2 座办公楼 8 层。毕马威华振的首席合伙人邹俊，中国国籍，具有中国注册 会计师资 ...

关于招商证券股份有限公司 KPMG Huazhen LLP 8th Floor, KPMG Tower Oriental Plaza 1 East Chang An Avenue Beijing 100738 China Telephone +86 (10) 8508 5000 Fax +86 (10) 8518 5111 Internet kpmg.com/cn 毕马威华振会计师事务所 (特殊普通合伙) 中国北京 东长安街 1 号 东方广场毕马威大楼 8 层 邮政编码:100738 电话 +86 (10) 8508 5000 传真 +86 (10) 8518 5111 网址 kpmg.com/cn 关于招商证券股份有限公司 控股股东及其他关联方资金占用情况的专项说明 毕马威华振专字第 2500871 号 招商证券股份有限公司董事会： 招商证券股份有限公司 关于招商证券股份有限公司 控股股东及其他关联方资金占用情况的专项说明 2024年12月31日止年度 关于招商证券股份有限公司 控股股东及其他关联方资金占用情况的专项说明(续) 我们接受委托，按照中国注册会计师审计准则审计了招商证券股份有限公司（以下简称"招 ...

证券代码：600999 证券简称： 招商证券 编号： 2025－011 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。 一、 监事会会议召开情况 招商证券股份有限公司（以下简称公司）第八届监事会第十一次会议通知于 2025 年 3 月 14 日以电子邮件方式发出，会议于 2025 年 3 月 27 日以现场结合通 讯方式在广东省深圳市召开。 本次会议由监事会召集人朱立伟先生召集并主持，应出席监事 6 人，实际出 席 6 人，其中朱立伟、孙献、马蕴春、彭陆强监事通讯参会。公司副总裁（财务 负责人）、董事会秘书刘杰先生、证券事务代表张欢欢女士列席会议。 二、 监事会会议审议情况 经审议，会议通过以下决议： （一）审议通过《公司 2024 年年度报告》 招商证券股份有限公司 第八届监事会第十一次会议决议公告 2、公司 2024 年年度报告的内容和格式符合中国证监会、上海证券交易所、 1 香港联合交易所的各项规定，所包含的信息能够从各个方面真实地反映出公司当 年度的经营管理和财务状况等事项； 3、未发现参与报告编制和审议的人员有违反保 ...

招商证券股份有限公司（以下简称公司）第八届董事会第十六次会议通知于 2025 年 3 月 13 日以电子邮件方式发出。会议于 2025 年 3 月 27 日在广东省深圳 市以现场结合通讯方式召开。 本次会议由霍达董事长召集并主持，应出席董事 15 人，实际出席董事 15 人（其中：以通讯方式出席会议的董事 6 人）。公司全体监事和部分高级管理人 员列席了会议。 本次会议的召集、召开及表决程序符合有关法律、行政法规、部门规章、规 范性文件和《公司章程》的规定。 二、 董事会会议审议情况 证券代码：600999 证券简称： 招商证券 编号： 2025－010 招商证券股份有限公司 第八届董事会第十六次会议决议公告 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。 一、 董事会会议召开情况 （一）关于公司 2024 年度董事会工作报告的议案 议案表决情况：同意 15 票，反对 0 票，弃权 0 票。 本议案尚需提交公司股东大会审议。 （二）关于公司董事会审计委员会 2024 年度履职情况报告的议案 议案表决情况：同意 15 票，反对 ...

公司不触及《上海证券交易所股票上市规则（2024 年 4 月修订）》（以 下简称《股票上市规则》）第 9.8.1 条第一款第（八）项规定的可能被实施其他 风险警示的情形。 证券代码：600999 证券简称： 招商证券 编号： 2025－012 招商证券股份有限公司 2024年年度利润分配方案公告 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： 每股分配比例：每股派发现金红利 0.377 元（含税）。 本次利润分配以实施权益分派股权登记日登记的总股本为基数，具体日 期将在权益分派实施公告中明确。在实施权益分派的股权登记日前招商证券股份 有限公司（以下简称公司）总股本发生变动的，拟维持分配总额不变，相应调整 每股分配比例，并将在相关公告中披露。 一、 利润分配方案内容 （一）利润分配方案的具体内容 截至 2024 年 12 月 31 日，公司母公司报表中期末未分配利润为人民币 27,524,486,995.59 元。经董事会决议，公司 2024 年年度拟以实施权益分派股 权登记日登记的总股本为基数分配利润。本次利润 ...