Company Overview - As of September 11, 2023, China Merchants Securities' stock price increased by 2.00%, reaching 18.34 CNY per share, with a trading volume of 389 million CNY and a turnover rate of 0.29%, resulting in a total market capitalization of 159.49 billion CNY [1] - The company was established on August 1, 1993, and listed on November 17, 2009. Its main business areas include wealth management, institutional business, investment banking, investment management, and trading [1] - The revenue composition of the company is as follows: wealth management and institutional business 56.39%, investment and trading 24.32%, other 10.57%, investment management 4.90%, and investment banking 3.83% [1] Financial Performance - For the first half of 2025, China Merchants Securities reported a net profit attributable to shareholders of 5.186 billion CNY, representing a year-on-year growth of 9.23% [2] - The company has distributed a total of 37.668 billion CNY in dividends since its A-share listing, with 8.992 billion CNY distributed over the past three years [3] Shareholder Information - As of June 30, 2025, the number of shareholders decreased by 4.32% to 142,800, with an average of 0 shares per shareholder [2] - The top ten circulating shareholders include Hong Kong Central Clearing Limited, which holds 229 million shares, an increase of 19.8317 million shares compared to the previous period [3] Market Activity - Year-to-date, the stock price has decreased by 2.36%, with a 1.33% increase over the last five trading days, a 0.49% increase over the last twenty days, and a 13.12% increase over the last sixty days [1] - The net inflow of main funds was 25.9712 million CNY, with large orders accounting for 26.77% of purchases and 24.78% of sales [1]

Core Points - The company announced a cash dividend of 0.119 CNY per share for the first half of 2025, totaling approximately 1.035 billion CNY in cash dividends distributed to shareholders [1][3] - The dividend distribution plan was approved by the board on August 28, 2025, following authorization from the annual general meeting held on June 26, 2025 [1][2] - The total share capital used for the dividend calculation is 8,696,526,806 shares, with A-shares accounting for 7,422,005,272 shares [3] Distribution Plan - The dividend will be distributed to all A-share shareholders registered with the China Securities Depository and Clearing Corporation Limited Shanghai Branch as of the close of trading on the registration date [2] - The company will not apply this announcement to H-share shareholders, who will receive separate announcements regarding their dividend distribution [2] Implementation Details - The cash dividends will be distributed through the clearing system of the China Securities Depository and Clearing Corporation Limited, with shareholders able to collect their dividends at designated securities firms [4][5] - Specific arrangements for certain major shareholders, such as招商局金融控股有限公司, will be handled directly by the company [6] Taxation Information - For individual A-share shareholders and securities investment funds, no personal income tax will be withheld at the time of dividend distribution, with the gross dividend being 0.119 CNY per share [6][7] - The actual tax burden for individual shareholders will depend on their holding period, with different rates applicable based on the duration of shareholding [7][8] - Qualified Foreign Institutional Investors (QFII) will have a 10% corporate income tax withheld, resulting in a net dividend of 0.1071 CNY per share [7][8]

公告编号:2025-038 证券代码:600999 证券简称:招商证券 招商证券股份有限公司 2025年半年度权益分派实施公告 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 A 股每股现金红利0.119元 北京商报讯（记者郝彦）9月10日，招商证券发布2025年半年度权益分派实施公告表示，拟于9月18日进 行现金红利发放，本次利润分配以方案实施前的公司总股本86.97亿股为基数，每股派发现金红利0.119 元（含税），共计派发现金红利10.35亿元。其中，A股股本为74.22亿股，共计派发现金红利8.83亿元。 ● 相关日期 | 股份类别 | 股权登记日 | 最后交易日 | 除权(息)日 现金红利发放日 | | --- | --- | --- | --- | | A 股 | 2025/9/17 | | 2025/9/18 2025/9/18 | ● 差异化分红送转:否 í 通过分配方案的股东大会届次和日期 公司2025年6月26日的2024年年度股东大会授权董事会决定公司 2025年中期利润 ...

A 股每股现金红利0.119元 ● 相关日期 2025年半年度权益分派实施公告 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 北京商报讯（记者 郝彦） 9月10日，招商证券发布2025年半年度权益分派实施公告表示，拟于9月18日 进行现金红利发放，本次利润分配以方案实施前的公司总股本86.97亿股为基数，每股派发现金红利 0.119元（含税），共计派发现金红利10.35亿元。其中，A股股本为74.22亿股，共计派发现金红利8.83 亿元。 证券代码:600999 证券简称:招商证券 公告编号:2025-038 招商证券股份有限公司 | 股份类别 | 股权登记日 | 最后交易日 | 除权(息)日 现金红利发放日 | | --- | --- | --- | --- | | A 股 | 2025/9/17 | | 2025/9/18 2025/9/18 | ● 差异化分红送转:否 公司2025年6月26日的2024年年度股东大会授权董事会决定公司 2025年中期利润分 配方案,分红金额不低于 20 ...

Group 1 - The core point of the announcement is that China Merchants Securities has declared a cash dividend of 0.119 yuan per share (including tax) for the first half of 2025 [1] - The record date for the dividend is set for September 17, 2025 [1] - The ex-dividend date and the date of cash dividend distribution are both scheduled for September 18, 2025 [1]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示，概不就因本公告全部或任何部分內容 而產生或因依賴該等內容而引致的任何損失承擔任何責任。 （ 於 中 華 人 民 共 和 國 註 冊 成 立 的 股 份 有 限 公 司 ） （股份代號：6099） 海外監管公告 本公告乃根據香港聯合交易所有限公司證券上市規則第13.10B條規則作出。 茲載列招商證券股份有限公司在上海證券交易所網站刊登之《招商證券股份有限公司2025 年半年度權益分派實施公告》，僅供參閱。 承董事會命 招商證券股份有限公司 霍達 董事長 中國深圳，2025年9月10日 招商证券股份有限公司 2025 年半年度权益分派实施公告 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 A 股每股现金红利 0.119 元 相关日期 | 股份类别 | 股权登记日 | 最后交易日 | 除权（息）日 | 现金红利发放日 | | --- | --- | --- | --- | --- ...

Core Insights - The article discusses the collaboration between China Merchants Securities and ten major fund companies to promote ETF knowledge and enhance investor skills in asset allocation and risk management, particularly focusing on the ETF market's healthy development [1] Group 1: Market Trends and Investment Strategies - The current A-share market is experiencing a healthy, gradual bull trend, supported by policy, funding, industry dynamics, and investor sentiment [2][3] - The policy environment has improved investor confidence, with a GDP growth target of 5% set for this year, and actual GDP growth in the first half reaching 5.3% [3] - The funding situation has seen a shift, with foreign capital flowing into A-shares and Hong Kong stocks due to expectations of interest rate cuts in the U.S., leading to increased risk appetite among investors [4][5] Group 2: Focus on the Chip Sector - The chip sector is a significant component of the Sci-Tech Innovation Board (STAR Market), accounting for over 40% of its weight, and is seen as a key driver of the board's overall performance [6][9] - Investment in the chip industry is driven by both growing demand and the need for domestic substitution, with current self-sufficiency rates in China estimated at only 20%-30% [10] - The chip industry is entering a favorable cycle, with improved performance from listed companies and a projected net profit growth rate of around 70% for the first quarter [11][14] Group 3: Investment Tools and Indices - The article highlights the importance of using indices for investment in the chip sector, with the Sci-Tech Chip Index covering 90% of core segments in the chip industry, offering a more comprehensive investment approach compared to other indices [12][13] - The Sci-Tech Chip Index has shown superior growth potential, with a net profit growth rate significantly higher than that of other chip indices [14] - A core-satellite investment strategy is recommended, utilizing broad-based indices like the Sci-Tech Composite Index and focusing on specific sectors such as information technology and new materials for satellite investments [15]

Core Insights - A significant system upgrade is occurring in the Chinese securities industry, marked by the launch of the new core business system UF3.0 by Hengsheng Electronics [2][3] - UF3.0 represents a shift from a "trading channel" to a "wealth management engine," supporting 24/7 operations with high concurrency and low latency [2][4] - The successful implementation of UF3.0 in 11 securities firms, including major players like China Merchants Securities and Dongfang Securities, sets a benchmark for digital transformation in the industry [2][5] Industry Transformation - The core business system is essential for various operations such as account opening, trading, clearing, risk control, and customer service, serving as a foundational infrastructure for business operations [4] - The transition towards wealth management and internationalization in the securities sector presents challenges to traditional core business systems, necessitating the development of UF3.0 [4][5] - UF3.0 is designed to support comprehensive financial services and modern IT infrastructure, addressing the evolving needs of the securities industry [4][5] Technological Advancements - UF3.0 employs a cloud-native architecture and distributed, full-stack technology to enhance system capabilities, ensuring high performance and flexibility [2][7] - The system features a dual-state architecture that separates stable and agile operations, allowing for rapid iteration and innovation in response to business demands [7][9] - The integration of self-developed technologies and products into UF3.0 is crucial for maintaining financial information security and achieving IT autonomy in the securities industry [8] Implementation and Collaboration - The successful rollout of UF3.0 involved deep collaboration between Hengsheng Electronics and various securities firms, establishing a solid foundation for its implementation [3][9] - The transition to UF3.0 was managed through agile methodologies, automated data migration tools, and comprehensive operational monitoring to ensure a smooth upgrade process [9] - As more firms adopt UF3.0, the Chinese securities industry is poised to build a digital ecosystem based on the new core business system, marking a new phase in wealth management transformation [9]

证券代码：600999 证券简称：招商证券 公告编号：2025-038 招商证券股份有限公司 2025年半年度权益分派实施公告 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 A 股每股现金红利0.119元 相关日期 | 股份类别 | 股权登记日 | 最后交易日 | 除权（息）日 | 现金红利发放日 | | --- | --- | --- | --- | --- | | Ａ股 | 2025/9/17 | － | 2025/9/18 | 2025/9/18 | 差异化分红送转： 否 公司2025 年 6 月 26 日的2024年年度股东大会授权董事会决定公司 2025 年中期利润分 配方案，分红金额不低于 2024 年中期分红，且分红比例不超过相应期间归属于公司股东净利 润 40%。本利润分配方案经公司 2025 年 8 月 28 日召开的第八届董事会第二十二次会议审议 通过。 二、 分配方案 1. 发放年度：2025年半年度 2. 分派对象： 截至股权登记日下午上海证券交易所收市后，在中国证券登记 ...

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