Group 1 - The A-share market has seen strong performance in brokerage stocks, with notable gains in several companies [1] - Changcheng Securities and Tianfeng Securities reached the daily limit increase, while Zhongyin Securities rose over 6% [1] - Other companies such as Xiangcai Co., Jinlong Co., and several others also experienced significant increases, with gains exceeding 3% [1] Group 2 - Changcheng Securities reported a rise of 10.04%, with a total market value of 48.7 billion and a year-to-date increase of 48.57% [2] - Tianfeng Securities increased by 9.92%, with a market capitalization of 56.2 billion and a year-to-date growth of 23.66% [2] - Zhongyin Securities saw a 6.28% rise, with a market value of 49.4 billion and a year-to-date increase of 59.32% [2] - Xiangcai Co. rose by 5.07%, with a market capitalization of 33.2 billion and a year-to-date increase of 61.11% [2] - Jinlong Co. increased by 4.41%, with a market value of 13.6 billion and a year-to-date growth of 0.26% [2] - Other notable increases include Pacific Securities (3.92%), GF Securities (3.38%), and Dongwu Securities (3.25%) [2]

Group 1 - The A-share market has seen a strong performance in brokerage stocks, with notable gains in several companies including Changcheng Securities and Tianfeng Securities reaching the daily limit [1] - Changcheng Securities and Tianfeng Securities reported increases of 10.04% and 9.92% respectively, while Zhongyin Securities rose by over 6% [1][2] - Other brokerage firms such as Xiangcai Securities, Jinlong Co., and Pacific Securities also experienced significant gains, with increases ranging from 3% to over 5% [1][2] Group 2 - The total market capitalization of Changcheng Securities is 48.7 billion, with a year-to-date increase of 48.57% [2] - Tianfeng Securities has a market cap of 56.2 billion and a year-to-date increase of 23.66% [2] - Zhongyin Securities has a market cap of 49.4 billion and has seen a year-to-date increase of 59.32% [2]

Core Points - The company announced a cash dividend of 0.095 CNY per share for its A shares [1] - The dividend distribution plan was approved at the annual shareholders' meeting on June 25, 2025 [1] - The record date for the dividend is August 21, 2025, with the ex-dividend date also on August 22, 2025 [1][1] Dividend Distribution Details - The total share capital before the distribution is 2,733,333,800 shares, and the cash dividend will be distributed based on this number [1] - The cash dividends will be distributed through China Securities Depository and Clearing Corporation Limited Shanghai Branch [1] - Shareholders who have not completed designated transactions will have their dividends held by the clearing company until the transactions are completed [1] Taxation Information - For individual shareholders holding shares for more than one month but less than one year, the taxable income is calculated at 50%, resulting in an effective tax burden of 10% [3] - For shareholders holding shares for over one year, the dividend income is exempt from individual income tax [3] - For qualified foreign institutional investors (QFII), the cash dividend is 0.0855 CNY per share after tax [4][5] Additional Information - The company provides contact information for inquiries regarding the dividend distribution [6]

（编辑 李家琪） 证券日报网讯 8月14日晚间，首创证券发布公告称，2024年年度权益分派方案为每股派发现金红利0.095 元（含税），股权登记日为2025年8月21日，除权（息）日及现金红利发放日均为2025年8月22日。 ...

证券代码：601136 证券简称：首创证券 公告编号：2025-028 首创证券股份有限公司 2024年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： 一、 通过分配方案的股东大会届次和日期 本次利润分配方案经公司2025 年 6 月 25 日的2024年年度股东大会审议通过。 二、 分配方案 截至股权登记日下午上海证券交易所收市后，在中国证券登记结算有限责任公司上海分 公司（以下简称"中国结算上海分公司"）登记在册的本公司全体股东。 3. 分配方案： 本次利润分配以方案实施前的公司总股本2,733,333,800股为基数，每股派发现金红利 1. 发放年度：2024年年度 2. 分派对象： 每股分配比例 A 股每股现金红利0.095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 | 2025/8/21 | － | 2025/8/22 | 2025/8/22 | 差 ...

8月13日，上交所发布关于首创证券股份有限公司2025年面向专业投资者非公开发行公司债券（第二 期）挂牌的公告。 依据《上海证券交易所非公开发行公司债券挂牌规则》等规定，上交所同意首创证券股份有限公司2025 年面向专业投资者非公开发行公司债券（第二期）于2025年8月14日起在上交所挂牌，并采取点击成 交、询价成交、竞买成交、协商成交交易方式。该债券证券简称为"25首创02"，证券代码为"259616"。 来源：金融界 ...

Core Viewpoint - The A-share market has seen significant gains, with the Shanghai Composite Index reaching a nearly four-year high, and brokerage firms are increasing their dividend payouts, indicating a positive trend in shareholder returns [1][4][5]. Group 1: Dividend Trends - Many brokerage firms are doubling their dividend payouts for 2024 compared to 2023, with Huayin Securities' dividend scale reaching ten times that of 2023 [1][5]. - As of August 13, over ten companies have proposed mid-term dividend plans for 2025, a significant increase from only two and one in 2022 and 2023, respectively [1][8]. - The number of brokerages planning mid-term dividends has surged to 26 in 2024, with expectations for further increases in 2025 [1][8]. Group 2: Specific Brokerage Dividend Data - In terms of per-hand dividend payouts for 2024, GF Securities leads with 40 yuan, followed by China Merchants Securities and Huatai Securities at 37.7 yuan and 37 yuan, respectively [2][11]. - Huayin Securities has seen its total dividend scale for 2024 reach 1.08 billion yuan, a significant increase from 0.108 billion yuan in 2023 [5][6]. - Southwest Securities' 2024 dividend scale is over double that of 2023, reaching 5.65 billion yuan, with plans for three dividend distributions throughout the year [6][8]. Group 3: Dividend Payment Rates - Among brokerages with a payout ratio above 50%, Guolian Minsheng leads at 80.04%, followed by Hongta Securities and Southwest Securities at 63.59% and 61.76%, respectively [12][14]. - In contrast, major brokerages like China Merchants Securities and GF Securities maintain payout ratios around 30%, with some even below 20% [12][14]. Group 4: Future Dividend Planning - More than ten brokerages have established three-year shareholder return plans for 2024-2026, indicating a strategic focus on long-term shareholder value [9][10]. - The upcoming half-year reports, typically released in late August, are expected to coincide with the announcement of mid-term dividend plans, potentially increasing the number of brokerages disclosing such plans [9][10].

Core Insights - The report highlights the significant role and compensation of CFOs in A-share listed companies, with a total salary scale of 4.27 billion yuan and an average annual salary of 814,800 yuan for 2024 [1] - In the competitive brokerage industry, the average CFO salary is reported to be 1.32 million yuan, with notable discrepancies in individual salaries, such as Tang Hongguang from Shichuang Securities earning only 807,000 yuan, which is about 60% of the industry average [1][3] - The report suggests that the low salary of Tang Hongguang may undervalue his contributions and could lead to decreased motivation and potential talent loss [1] Summary by Category CFO Compensation - The total compensation for CFOs in A-share listed companies reached 4.27 billion yuan, with an average salary of 814,800 yuan [1] - In the brokerage sector, the average CFO salary is 1.32 million yuan, with significant variations among firms [5] Individual CFO Salaries - Tang Hongguang of Shichuang Securities earns 807,000 yuan, significantly lower than the industry average, indicating a potential undervaluation of his role [1][3] - Other notable CFO salaries include Huang Jianhai from Dongfang Caifu at 3.32 million yuan, and Zhang Xiaai from Huachuang Yuxin at 2.6 million yuan, reflecting a competitive salary landscape [3][4] Recommendations - The report emphasizes the need for Shichuang Securities to address the salary issue of Tang Hongguang to align his compensation with his contributions, which could enhance motivation and retention [1][3]

Group 1 - The company will hold its first extraordinary general meeting of shareholders in 2025 on August 28 at 15:00 in Beijing [2][4] - The voting methods for the meeting will include both on-site and online voting through the Shanghai Stock Exchange's system [4][5] - The meeting materials will be disclosed on the Shanghai Stock Exchange's website as per regulations [5][6] Group 2 - The meeting will review several proposals, including special resolutions and proposals requiring separate voting for minority investors [6][7] - The company will provide a reminder service for shareholders to ensure participation in the voting process [7][8] - Shareholders must complete identity verification to vote online, and multiple accounts can be used to aggregate voting rights [7][8] Group 3 - The registration for the meeting will take place on August 27, 2025, with specific times and locations provided for shareholder attendance [11][13] - Shareholders must present valid identification and, if applicable, authorization documents for representatives attending the meeting [13][14] - The company will not allow shareholders with unresolved regulatory issues to exercise voting rights [12][19]

Group 1 - The company will hold a shareholders' meeting on August 28, 2025, at 15:00 in Beijing, with provisions for both on-site and online voting [1][2] - The meeting will ensure the rights of shareholders and maintain order, allowing only authorized participants to enter [2][4] - Shareholders must register to speak at the meeting and adhere to guidelines for questions and comments [2][3] Group 2 - The company plans to issue H shares and apply for listing on the Hong Kong Stock Exchange to enhance capital strength and international competitiveness [5][6] - The issuance will comply with relevant laws and regulations, requiring approvals from various regulatory bodies [6][12] - The proposed issuance will not exceed 25% of the total share capital post-issuance, with an option for an additional 15% through an over-allotment option [8][9] Group 3 - The company aims to use the funds raised from the H share issuance for increasing capital, supplementing working capital, and developing securities-related businesses [26][27] - The profit distribution plan post-issuance will ensure that both existing and new shareholders share in the retained earnings proportionately [29][30] - The company intends to appoint Ernst & Young as the auditing firm for the H share issuance [32][33] Group 4 - The company proposes to abolish the supervisory board and transfer its responsibilities to the audit committee of the board of directors to optimize governance structure [34][35] - Amendments to the company's articles of association and related rules will be made to reflect this change [34][35]