证券代码：601108 证券简称：财通证券 公告编号：2025-043 财通证券股份有限公司 2025年第一次临时股东大会决议公告 (三)出席会议的普通股股东和恢复表决权的优先股股东及其持有股份情况： | 1、出席会议的股东和代理人人数 | 984 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 1,818,294,813 | | 3、出席会议的股东所持有表决权股份数占公司有表决权股 | | | 份总数的比例（%） | 39.5022 | (四)表决方式是否符合《公司法》及《公司章程》的规定，股东会主持情况等。 本次会议由公司董事会召集，董事长章启诚先生主持。会议采用的表决方式是现 场投票和网络投票相结合的方式。会议的召集、召开符合《公司法》及公司《章 程》的有关规定。 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： 本次会议是否有否决议案：无 一、 会议召开和出席情况 (一)股东会召开的时间：2025 年 7 月 2 日 (二)股东会召开的地点：杭州市西湖区天目山路 1 ...

浙江六和律师事务所 关于财通证券股份有限公司 2025 年第一次临时股东大会的 法律意见书 六和律师根据我国法律的要求，按照律师行业公认的业务标准、道德规范和 勤勉尽责精神，对公司 2025 年第一次临时股东大会的召集、召开及其他相关法 律问题发表如下意见： 一、关于本次股东大会的召集、召开程序 （一）本次股东大会的召集 根据公司第四届董事会第二十二次会议决议，公司于 2025 年 6 月 17 日在上 海证券交易所网站和巨潮资讯网（http://www.cninfo.com.cn）上刊载了《财通证 券股份有限公司关于召开 2025 年第一次临时股东大会的通知》，公司董事会已 提前 15 日以公告方式通知了公司全体股东本次股东大会召开的时间、地点、召 集人、召开方式、股权登记日、审议事项、会议登记办法等有关事项。 （二）本次股东大会的召开 本次股东大会采取现场投票与网络投票相结合的方式召开。 浙六和法意（2025）第 1179 号 致：财通证券股份有限公司 根据《中华人民共和国证券法》（以下简称"《证券法》"）、《中华人民共 和国公司法》（以下称"《公司法》"）和中国证券监督管理委员会发布的《上市 公司股东会 ...

证券代码：601108 证券简称：财通证券 公告编号：2025-044 财通证券股份有限公司 第四届董事会第二十三次会议决议公告 《关于向下修正"财通转债"转股价格的公告》刊登在《中国证券报》《上 海证券报》《证券时报》《证券日报》及上海证券交易所网站（www.sse.com.cn）。 二、审议通过《关于调整部分董事会专门委员会委员的议案》 会议同意由毛惠刚先生担任薪酬与提名委员会委员，与原委员韩洪灵先生、 贲圣林先生、方军雄先生共同组成第四届董事会薪酬与提名委员会，其中由方军 雄担任主任委员；由毛惠刚先生担任审计委员会委员，与原主任委员韩洪灵先生、 委员郑联胜先生、胡宏文先生、方军雄先生共同组成第四届董事会审计委员会。 上述专门委员会的任期与本届董事会一致。 表决结果：9 票赞成，0 票反对，0 票弃权。 三、审议通过《关于修订<员工奖惩办法>的议案》 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"）第四届董事会第二十三次会议通 知于 2025 年 6 月 27 日以电话和电子邮件等方 ...

Group 1 - The core viewpoint of the articles highlights the significant rise in the convertible bond market, with the China Convertible Bond Index reaching a ten-year high, driven by strong performance in the A-share market and a favorable investment environment for convertible bonds [1][2][3]. - The China Convertible Bond Index has seen a year-to-date increase of 7.18%, with a notable rise of over 22% since September 24, 2024, indicating strong market momentum [2]. - The convertible bond market is characterized by low volatility and low drawdown, attracting continuous inflow of new capital, which is expected to further enhance investment experiences [2][3]. Group 2 - Several funds tracking convertible bonds have reported positive returns this year, with the top-performing fund, China Europe Convertible Bond A, achieving a return of 13.11% [4][5]. - A total of 14 convertible bond funds have recorded returns exceeding 10%, showcasing the strong performance of this asset class [4][5]. - The performance of convertible bond ETFs has also been commendable, with returns exceeding 7% for the Bosera China Convertible Bond ETF and over 5% for the Haifutong Shanghai Investment Grade Convertible Bond ETF [5]. Group 3 - The supply-demand imbalance in the convertible bond market is a key factor supporting the rising valuations, with supply expected to contract while demand continues to grow [2][3]. - Historical data indicates that most convertible bonds exit through conversion to equity rather than actual repayment, suggesting manageable credit risk in the current market environment [3]. - The market's confidence in convertible bonds has strengthened due to reduced risks of delisting or default, further enhancing investor sentiment [3].

Group 1 - The core point of the announcement is the conversion of convertible bonds into A-share stocks, with a total of 47,549 shares converted, representing 0.0013% of the company's total issued shares before conversion [2][3] - The total amount of unconverted convertible bonds as of June 30, 2025, is 3,799,431,000 yuan, which accounts for 99.9850% of the total issued convertible bonds [3] - The current conversion price for the convertible bonds is set at 11.19 yuan per share, and the bonds were initially issued on December 28, 2020, with a total issuance amount of 3.8 billion yuan [2][3] Group 2 - The total share capital before the conversion was 4,643,760,003 shares, which increased to 4,643,760,806 shares after the conversion of 803 shares [3] - The convertible bonds were approved by the China Securities Regulatory Commission and are traded on the Shanghai Stock Exchange under the code 113043 [2]

2.截至 2025 年 6 月 30 日，公司尚未转股的可转债金额为 3,799,431,000 元， 占可转债发行总量的 99.9850%。 证券代码：601108 证券简称：财通证券 公告编号：2025-042 转债代码: 113043 转债简称:财通转债 财通证券股份有限公司 可转债转股进展暨股份变动公告 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： 1.自2021年6月16日至2025年6月30日期间，公司A股可转债累计有569,000元 转换为公司A股股份，累计转股数量为47,549股，占可转债转股前公司已发行股 份总数（3,589,000,000股）的0.0013%。 | 股份类别 | 变动前 | | 本次可转债 | | 变动后 | | | | --- | --- | --- | --- | --- | --- | --- | --- | | | 年 月 （2025 3 31 | 日） | 转股 | （2025 | 年 6 | 月 | 日） 30 | | 有限售条件流通股 | 0 | | 0 | ...

Core Insights - Nearly 90% of brokerage gold stock portfolios achieved positive returns in the first half of the year, with Northeast Securities leading at a 45.45% return [2][6] - The July gold stock list shows a strong representation from the electronics, pharmaceutical, and machinery sectors, with significant contributions from power equipment and non-bank financials [3][9] - Brokerages are optimistic about the market's potential to break through previous highs, particularly focusing on sectors like technology and brokerage firms for investment [4][12] Performance Summary - In June, the top-performing gold stock was Giant Network (002558.SZ) with a 63.09% monthly increase, driven by strong data from its new game [5] - Other notable performers included Shenghong Technology (300476.SZ) with a 55.39% increase and Inner Mongolia First Machinery (600967.SH) with a 54.80% increase [6] - The Shanghai Composite Index rose 2.76% in the first half of the year, while the North Star 50 Index surged nearly 40% [6] Brokerage Rankings - Northeast Securities topped the gold stock portfolio rankings with a 45.45% return, followed by Dongxing Securities at 37% and Huaxi Securities at 29.25% [6] - Five brokerages reported negative returns for their gold stock portfolios, including Changcheng Securities and Zhongyin Securities [7] Sector Focus - The latest gold stock recommendations highlight a concentration in electronics, pharmaceuticals, and machinery, with multiple brokerages recommending stocks like Pop Mart (09992.HK) and Zhongxin Securities (600030.SH) [9][10] - Other stocks receiving multiple recommendations include Muyuan Foods (002714.SZ), noted for its low costs and profitability in the slaughtering business [11] Market Outlook - Analysts suggest that the market may continue to show resilience in July, with potential breakthroughs depending on structural policy and market conditions [14][15] - The consensus among brokerages is that the Shanghai Composite Index has a significant chance of surpassing last year's highs, with a focus on technology and brokerage sectors for investment opportunities [12][15]

Group 1 - The company Zhejiang Yitian Intelligent Kitchen Appliances Co., Ltd. issued convertible bonds totaling RMB 520.21 million, with each bond having a face value of RMB 100 [1][2] - The convertible bonds, named "Yitian Convertible Bonds," will be listed on the Shenzhen Stock Exchange starting January 12, 2024, under the code "123235" [2] - The initial conversion price for the bonds was set at RMB 38.08 per share, which will be adjusted to RMB 28.61 per share effective from May 23, 2024, and further adjusted to RMB 21.31 per share effective from June 3, 2025 [2][3] Group 2 - The company has conditional redemption clauses for the convertible bonds, which can be triggered if the stock price exceeds 130% of the conversion price for 15 out of 30 consecutive trading days or if the remaining balance of unconverted bonds falls below RMB 30 million [4] - The redemption conditions were met between June 9, 2025, and June 27, 2025, as the stock price met the required threshold [4] Group 3 - The company's board of directors decided not to exercise the early redemption option for the convertible bonds, considering the short conversion period and the protection of investor interests [5][6] - The board's decision was made during the 19th meeting of the third board of directors on June 27, 2025, and they will reassess the situation after September 27, 2025 [5][6] Group 4 - The actual controller and major shareholders of the company engaged in trading the convertible bonds in the six months prior to the redemption conditions being met, with specific trading volumes reported [5] - No plans for future reductions in holdings of the convertible bonds were reported by the actual controller or major shareholders [6] Group 5 - The sponsor, Caitong Securities, confirmed that the company's decision not to redeem the bonds early complied with relevant laws and regulations, as well as the terms outlined in the offering document [7]

Global Asset Price Performance - The Nikkei 225 index led the gains with an increase of 4.6%, while major US stock indices also saw rises, with the S&P 500, Dow Jones Industrial, and Nasdaq Composite increasing by 2.1%, 1.8%, and 3.7% respectively [1] - In the bond market, the yields on major government bonds mostly declined, with the 10-year US Treasury yield falling by 12 basis points [1] - Commodity prices for gold and oil decreased, and the US dollar index dropped by 1.5%, with the British pound and euro appreciating the most [1] Major Central Bank Monetary Policies - Expectations for a Federal Reserve interest rate cut have increased, with market probabilities for a July cut rising from 10% to around 20% [3] - Fed Chair Powell indicated that the Fed will continue to monitor the impact of tariffs on inflation, suggesting that if price pressures remain significant, a rate cut may be delayed until September or later [3] US Economic Dynamics - The US Q1 GDP was revised down from an initial estimate of -0.2% to -0.5%, primarily due to a surge in imports widening the trade deficit, along with further downward revisions in consumer spending [9] - The manufacturing PMI for June remained flat at 52, while the services PMI fell to 53.1, reflecting widespread tariff impacts on business activities [9] - The US housing market continues to decline, with May existing home sales showing a year-on-year decrease of 0.7%, and new home sales experiencing a more significant decline [10] Other Regional Economic Dynamics - The Eurozone's overall outlook remains weak, but Germany's economic sentiment has improved, with the composite PMI rising to 50.4, indicating signs of recovery in domestic demand [16] - Japan's economic outlook is optimistic, with the manufacturing PMI for May rebounding to 50.4, marking the first return to expansion since July 2024 [16] - Tensions in the Middle East have eased, with a fragile ceasefire between Israel and Iran, providing a buffer against risks to oil prices and global markets [16]

Group 1: Commodity Price Forecast - Gold is expected to experience range-bound fluctuations, while copper and oil are anticipated to trend upwards [1][14] - Domestic copper concentrate processing fees have plummeted, and the Panama copper mine has not yet resumed operations, indicating a tight supply for copper, which supports an upward price trend [15] Group 2: Consumer Trends - Passenger car sales have rebounded, while new and second-hand housing sales have weakened, with first-tier cities seeing a decline in second-hand housing price growth [3] - The summer consumption heat is recovering, with an increase in foot traffic in commercial areas and subway passenger volumes, alongside improved hotel occupancy rates and average room prices [4] Group 3: Foreign Trade - Overall export performance is weakening, with shipments to the U.S. shifting from growth to decline [5][6] - Concerns over the expiration of tariff exemptions have led to a decrease in container bookings to the U.S., with a corresponding drop in shipping volumes [7] Group 4: Production Insights - Demand remains relatively resilient, with an increase in the price of thermal coal due to rising daily coal consumption at power plants [9][12] - The production of rebar has increased, and while social inventory continues to decline, factory inventory has shifted from decline to increase [11] Group 5: Price Movements - Geopolitical risks have eased, leading to a decline in gold and oil prices, although oil prices may rebound if conflicts resume [13] - Domestic prices for cement, rebar, glass, and thermal coal have shown signs of recovery [13]