证券代码：601108 证券简称：财通证券 公告编号：2024-070 财通证券股份有限公司 特此公告。 财通证券股份有限公司董事会 关于方敬华先生不再担任董事的公告 2024 年 12 月 20 日 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。 财通证券股份有限公司（以下简称"公司"）董事会近日收到董事方敬华先生 递交的辞职报告。方敬华先生因到退休年龄申请辞去公司董事及董事会风险控制 委员会委员职务。根据《公司法》《公司章程》等相关规定，方敬华先生的辞职 自辞职报告送达公司董事会时生效。辞职后，方敬华先生不再担任公司任何职务。 方敬华先生任职期间恪尽职守，在落实公司发展战略，推进公司数字化改革 等方面发挥了积极作用，公司董事会谨向方敬华先生为公司发展做出的贡献表示 衷心感谢！ ...

证券代码：601108 证券简称：财通证券 公告编号：2024-068 财通证券股份有限公司 2024 年前三季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 0.05 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 | 2024/12/23 | － | 2024/12/24 | 2024/12/24 | 本次利润分配以方案实施前的公司总股本4,643,759,736股为基数，每股派发现金红利0.05 元（含税），共计派发现金红利 232,187,986.80 元。 1. 发放年度：2024 年前三季度 2. 分派对象： 三、 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 | 2024/12/23 | － | ...

| 证券代码：601108 | 证券简称：财通证券 | 公告编号：2024-069 | | --- | --- | --- | | 债券代码: 113043 | 债券简称: 财通转债 | | 财通证券股份有限公司 关于因实施 2024 年前三季度权益分派调整"财通转债" 转股价格的公告 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。 重要内容提示： 调整前转股价格：11.24 元/股 调整后转股价格：11.19 元/股 财通转债本次转股价格调整实施日期：2024 年 12 月 24 日 证券停复牌情况：适用 根据公司《公开发行A股可转换公司债券募集说明书》（简称"《募集说明书》"） 相关条款，在"财通转债"发行之后，当公司出现派送现金股利时，公司将按下述公 式调整转股价格： 派送现金股利：P1=P0-D 其中：P0为调整前转股价， D为每股派送现金股利，P1为调整后转股价。 因实施 2024 年前三季度权益分派,本公司的相关证券停复牌情况如下： | 证券代码 | 证券简称 | 停复牌类型 | 停牌起始日 | 停牌 期间 | 停 ...

| 证券代码：601108 | 证券简称：财通证券 | 公告编号：2024-067 | | --- | --- | --- | | 债券代码: 113043 | 债券简称: 财通转债 | | 财通证券股份有限公司 关于实施 2024 年前三季度权益分派时"财通转债"停 止转股的提示性公告 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： | 证券代码 | 证券简称 | 停复牌类型 | 停牌起始日 | 停牌期间 | 停牌终止日 | 复牌日 | | --- | --- | --- | --- | --- | --- | --- | | 113043 | 财通转债 | 可转债转股停牌 | 2024/12/16 | | | | 2024 年 12 月 16 日至权益分派股权登记日期间，本公司可转债将停止转股。 一、2024 年前三季度权益分派方案基本情况 根据财通证券股份有限公司（以下简称"公司"）2023年年度股东大会对2024 年中期分红的授权，公司2024年10月29日召开的第四届董事会第十七次会议审议 通过了《关 ...

财联社12月9日电，中共中央政治局12月9日召开会议，分析研究2025年经济工作。 据财通证券宏观首席分析师陈兴解读，从现状来看，今年经济运行总体平稳，风险方面重点领域也实现 有序有效化解。 会议对今年经济表现有信心，预计全年经济社会发展主要目标任务将顺利完成。 从未来部署来看，一是积极态度前所未有。 会议提到政策将更加积极有为，在逆周期调节的基础上强调力度要"超常规"，以抵消"外部冲击"。 实施更加积极的财政政策和适度宽松的货币政策。 二是更注重政策实际效果，不仅在宏观层面要加强调控的前瞻性、针对性、有效性，而且在具体措施上 提到要推动标志性改革措施落地见效。 三是更加关注系统性，强调"系统集成、协同配合"，完善工具箱，打好政策"组合拳"，稳定预期。 ...

| 证券代码：601108 | 证券简称：财通证券 | 公告编号：2024-066 | | --- | --- | --- | | 债券代码：113043 | 债券简称：财通转债 | | 财通证券股份有限公司 关于"财通转债"2024 年付息事宜的公告 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。 重要内容提示： 财通证券股份有限公司于 2020 年 12 月 10 日发行的财通证券股份有限公司 可转换公司债券(以下简称"可转债")将于 2024 年 12 月 10 日开始支付自 2023 年 12 月 10 日至 2024 年 12 月 9 日期间的利息。根据本公司《财通证券股份有限公 司公开发行 A 股可转换公司债券募集说明书》有关条款的规定，现将有关事项 公告如下： 一、本期债券的基本情况 1、债券名称：财通证券股份有限公司 2020 年可转换公司债券。 2、债券简称：财通转债。 3、债券代码：113043。 7、付息方式：本次发行的可转债采用每年付息一次的付息方式，到期归还 本金和最后一年利息。 可转债付息债权登记日 ...

证券代码：601108 证券简称: 财通证券 公告编号：2024-065 财通证券股份有限公司 | 短期融资券名称 | | | 财通证券股份有限公司 | | 2024 | 年度第七期短期融资券 | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 短期融资券简称 | 24 财通证券 | | | CP007 | 短期融资券代码 | | 072410234 | | | 发行日 | 2024 年 | 11 | 月 | 22 日 | 起息日期 | 2024 | 年 11 月 25 | 日 | | 兑付日期 | 年 2025 | 月 7 | 18 | 日 | 期限 | | 235D | | | 计划发行总额 | 20 | | 亿元人民币 | | 实际发行总额 | 20 | 亿元人民币 | | | 发行价格 | 100 | | 元/张 | | 票面利率 | | 1.92% | | 本期发行短期融资券的相关文件已在以下网站上刊登： 1、中国货币网，http://www.chinamoney.com.cn； 2、上海清算所网站，http://www.s ...

Group 1 - The core viewpoint is that after the increase in cement prices, corporate profits are expected to recover on a month-on-month basis [1] - On the demand side, infrastructure debt management is progressing orderly, and future infrastructure projects may gradually start, while the sales data in the real estate sector has improved during the National Day holiday [1] - The recovery in land auctions in major cities and the gradual bottoming out of new construction data support the medium to long-term demand for cement [1] Group 2 - The continuous strengthening of supply in the industry this year has significantly boosted cement prices [1] - Current profit levels, as indicated by the cement-coal price difference, show that corporate profits have reached historical average levels [1] - Supply-side control is expected to continue, leading to an accelerated improvement in corporate profitability on a month-on-month basis [1] Group 3 - High dividends and low valuations provide a sufficient margin of safety for investments [2] - Companies to focus on include Conch Cement, Huaxin Cement, and Shangfeng Cement [3]

Group 1: Investor Relations Activities - The report details various investor relations activities, including specific object research, analyst meetings, media interviews, performance briefings, and roadshows [2] - The meeting took place on November 20, 2024, in Hangzhou, with participation from Southern Fund and company representatives [2] Group 2: Policy and Market Opportunities - The company is among the first 20 financial institutions to obtain the swap convenience business qualification, completing its first stock buyback transaction promptly [3] - The company aims to leverage policy funds to enhance investment research and risk control, maximizing the policy effects and economic benefits of swap funds [3] Group 3: Business Strategy and Development - In response to intensified industry consolidation, the company is focusing on stable operations and internal growth while actively seeking merger and acquisition opportunities in the securities sector [3] - The company is expanding its business model by integrating investment banking, investment, and wealth management to drive growth [4] Group 4: Financial Performance and Goals - The company anticipates a recovery in its brokerage and margin financing businesses due to a rebound in the secondary market, with a focus on optimizing asset allocation while controlling risks [4] - Since September 24, 2024, new account openings have surged by 180%, bolstering the company's client base [4][5]

Investment Rating - The report gives a "Buy" rating for the company, marking its first coverage [1]. Core Views - The company is positioned as a leading securities firm in Zhejiang, leveraging its state-owned background and extensive local partnerships to enhance its market presence and service offerings [1][18]. - The firm is focusing on wealth management through internet-based solutions, aiming to build a competitive edge in asset management and financial services [1][62]. - The company is experiencing stable growth in its core business areas, with a strategic emphasis on low-risk operations and high stability to ensure consistent growth rates [1][3]. Summary by Sections 1. Rooted in Zhejiang, Serving Global Zhejiang Merchants - The company has a strong state-owned background and has been deeply rooted in Zhejiang for over 30 years, with a clear strategy to serve local businesses [1][18]. - It has established strategic partnerships across 11 cities in Zhejiang and collaborates closely with local chambers of commerce [1][36]. - The government industry fund supports the company's goal of becoming a top-tier investment bank, with a focus on enhancing its investment banking capabilities [1][38]. 2. Internet-Driven Wealth Management, Building Core Competitiveness - The company is leveraging its geographical advantages to grow its asset management scale while maintaining effective risk control [1][62]. - It has proactively engaged in internet finance, rapidly increasing its market share in securities brokerage [1][62]. - The asset management subsidiary aims to strengthen its diverse business structure, focusing on traditional and innovative financial products [1][63]. 3. Low-Risk Operations with High Stability Ensuring Growth Rates - The company maintains stable capital intermediation, with its margin financing and securities lending business outperforming the market [1][3]. - It has achieved record-high self-operated income, with a significant turnaround in net gains from fair value changes [1][3]. - The firm is focused on cross-cycle development, enhancing its investment strategies across various asset classes [1][3]. 4. Earnings Forecast and Investment Rating - The company forecasts net profits of 22 billion, 26 billion, and 32 billion yuan for 2024, 2025, and 2026, respectively, with a slight decline in 2024 followed by growth in subsequent years [1][3]. - The report assigns a price-to-book ratio of 1.11, 1.06, and 1.01 for the years 2024, 2025, and 2026, reflecting a strategic transition towards light asset operations [1][3].