证券代码：601136 证券简称：首创证券 公告编号：2026-003 首创证券股份有限公司 首创证券股份有限公司（以下简称首创证券或公司）于2025年4月10日召开 第二届董事会第十二次会议，并于2025年6月25日召开2024年年度股东会，审议 通过《关于聘请公司2025年度审计机构的议案》，同意聘请大华会计师事务所（特 殊普通合伙）（以下简称大华）为公司2025年度审计机构。具体内容详见公司于 2025年4月12日及2025年6月26日在上海证券交易所网站（www.sse.com.cn）披露 的相关公告。 一、本次项目质量控制复核人变更情况 近日，公司收到大华《关于变更首创证券股份有限公司2025年度审计项目之 项目质量控制复核人的函》，大华原指派李峻雄为项目质量控制复核人。现因李 峻雄到龄退休，大华变更吴少华为项目质量控制复核人，继续完成公司2025年度 财务报表审计和内部控制审计相关工作。变更后的2025年度财务报表审计和内部 控制审计项目质量控制复核人为吴少华。 二、新任项目质量控制复核人基本情况 （一）基本信息 关于审计机构变更项目质量控制复核人的公告 本公司董事会及全体董事保证本公告内容不存在 ...

Group 1 - The event "Silk Road Connects Beijing and Together We Build Dreams" was held in Beijing, marking the 70th anniversary of the Xinjiang Uygur Autonomous Region and showcasing the cultural exchange between Beijing and Hotan [1] - The event featured performances that highlighted the ancient culture of Hotan, the history of aid to Xinjiang, and scenes of ethnic unity, reflecting gratitude towards the central government and Beijing's support [1] - The performances will continue in various districts until February 1, further strengthening emotional ties between Beijing and Hotan [1] Group 2 - Shouchuang Securities has invested nearly 14 million yuan in Xinjiang support, covering areas such as culture, education, and ecology, and has utilized financial tools to assist local industry development [2] - The company emphasizes the importance of building emotional connections and resource complementarity between Beijing and Xinjiang through diverse practices [2] - Looking ahead, Shouchuang Securities aims to deepen collaboration between Beijing and Xinjiang, enhancing cooperation quality and contributing to the awareness of the Chinese national community [2]

Core Viewpoint - The article emphasizes the role of securities companies, particularly Shouchao Securities, in providing comprehensive financial services to support the real economy and enhance productivity in Beijing, aligning with the city's strategic development goals [1]. Group 1: Financial Services and Support - Shouchao Securities aims to guide 25.6 billion yuan in financial resources to support the real economy in Beijing by 2025 through various financing channels, including bond financing, asset securitization, and equity financing [1]. - In the bond financing sector, the company has completed 8.9 billion yuan in bond financing for key enterprises, marking a 37% increase from the previous year [2]. - The company has issued 5.3 billion yuan in technology innovation bonds to support R&D and infrastructure in key sectors, contributing to the upgrade of the capital's industrial value chain [2]. Group 2: Asset Securitization and Equity Financing - Shouchao Securities has increased its asset management scale by 37.4 billion yuan, a 92% year-on-year growth, ranking 12th in the industry [2]. - The company has facilitated 16.7 billion yuan in asset-backed securities (ABS) financing for Beijing enterprises, covering various asset types [2]. - In equity financing, the company is actively participating in the capital market for technology enterprises, with projects like "Qilong Ocean" receiving unconditional approval for listing [3]. Group 3: Resource Coordination and Ecosystem Development - Shouchao Securities has organized 8 specialized events to enhance the connection between government, enterprises, and financial institutions, improving the capital market utilization capabilities of enterprises [4]. - The company has been involved in the Chaoyang District's enterprise listing accelerator project, providing customized consulting and dynamic information services to prospective listed companies [4]. - The firm aims to create a financial ecosystem that responds to enterprise needs, government support, and financial services, moving from "point-to-point" connections to "ecosystem empowerment" [4]. Group 4: Future Development Strategy - Shouchao Securities plans to focus on the capital's strategic positioning by developing tailored financial solutions for key areas such as international technology innovation and cultural centers [5]. - The company will integrate into the Beijing-Tianjin-Hebei coordinated development strategy to optimize financial resource allocation in the region [5]. - The firm aims to enhance its comprehensive financial service quality by focusing on technology finance, green finance, inclusive finance, pension finance, and digital finance [5].

Core Insights - The company aims to guide 25.6 billion yuan in financial resources to support the real economy in Beijing by 2025 through various financing channels [1] - The company has seen significant growth in bond financing, with a total of 8.9 billion yuan raised for several Beijing-based enterprises, marking a 37% increase year-on-year [1] - The asset securitization business has also experienced substantial growth, with a management scale increase of 92% year-on-year, reaching 37.4 billion yuan [1] Financing and Support - The company provided comprehensive financial services to state-owned enterprises, central enterprises, and specialized private enterprises in Beijing, focusing on the construction of the city's "four centers" [1] - In the technology innovation sector, the company issued 5.3 billion yuan in technology innovation corporate bonds to support R&D and key infrastructure projects [1] - The company has established a strong presence in the asset-backed securities (ABS) market, facilitating 16.7 billion yuan in financing for various asset types [1] Market Engagement - The company is actively participating in the development of the Beijing Stock Exchange and the New Third Board, focusing on capitalizing technology enterprises [2] - It has achieved significant milestones in its North Exchange business, including the successful review of the "Qilong Ocean" project and the formal application of "Zhenhua Haike" for guidance [2] - The company plans to focus on key areas such as international technology innovation and cultural centers, providing customized financial solutions [2]

Core Viewpoint - The article emphasizes the role of Shouchao Securities in enhancing financial services to support the real economy and promote high-quality economic development in Beijing, aligning with the national strategy of building a strong financial country and capital market [1] Group 1: Bond Financing - Shouchao Securities has successfully completed bond financing of 8.9 billion yuan for various enterprises in Beijing as the lead underwriter, marking a year-on-year increase of 2.4 billion yuan, or 37% [2] - The company issued 5.3 billion yuan in bonds specifically for technology innovation companies, directly supporting R&D investments and key infrastructure projects in the capital [2] Group 2: Asset Securitization - The asset securitization business of Shouchao Securities has seen a significant increase, with a new management scale of 37.4 billion yuan, representing a year-on-year growth of 92%, elevating its industry ranking to 12th [3] - The company facilitated financing of 16.7 billion yuan through asset-backed securities (ABS) for various asset types, including infrastructure and receivables, gaining widespread recognition from clients [3] Group 3: Equity Financing - Shouchao Securities has actively participated in the capital market development of the Beijing Stock Exchange, providing ongoing support to 30 listed companies in the region [4] Group 4: Platform Building - In 2025, Shouchao Securities organized 8 specialized events to enhance connections among government, enterprises, and financial institutions, improving the understanding and utilization of capital markets by enterprises [5] - The company has been involved in the listing accelerator project for enterprises in Chaoyang District, offering customized consulting and financial services to support local businesses [5] Group 5: Future Outlook - Shouchao Securities aims to deepen its focus on serving the "four centers" of Beijing, integrating into the coordinated development strategy of Beijing-Tianjin-Hebei, and enhancing its offerings in various financial sectors including technology and green finance [6] - The company is committed to improving the quality and efficiency of its comprehensive financial services, supporting the growth of Beijing enterprises and contributing to the capital's economic development [6]

Group 1 - The event "Silk Road Connects Beijing and Xinjiang" showcases the cultural ties and achievements between Beijing and the Hotan region, coinciding with the 70th anniversary of the Xinjiang Uyghur Autonomous Region in 2025 [1] - The performance featured three thematic chapters: "Silk Road Chapters: Roots of Civilization," "Millennial Echoes: Deep Affection," and "Beijing and Hotan Together: Building a Brilliant Future," highlighting the cultural richness and unity among various ethnic groups [2] - The event aims to strengthen emotional connections between Beijing and Hotan, with additional performances scheduled in various districts until February 1, allowing more residents to experience the unique culture of the border region [2] Group 2 - Shouchuang Securities has donated nearly 14 million yuan to support various initiatives in Xinjiang, including cultural, educational, and ecological projects, demonstrating its commitment to national unity and progress [4] - The company's ongoing activities, such as the "Cultural Nurturing Patriotism" educational camps and the "Cultural Enrichment for Xinjiang" series, reflect its dual focus on material support and spiritual empowerment [3] - Shouchuang Securities aims to leverage its financial strength to enhance collaborative development between Beijing and Xinjiang, contributing to a higher quality and more sustainable partnership [4]

Core Viewpoint - The company aims to enhance its services to the real economy and empower new productive forces, aligning with the strategic development of Beijing's financial market and supporting high-quality economic growth in the capital [1] Group 1: Bond Financing - The company has successfully completed bond financing of 8.9 billion yuan for various enterprises in Beijing, marking a year-on-year increase of 2.4 billion yuan, or 37% [2] - In 2025, the company issued 5.3 billion yuan in technology innovation corporate bonds to support R&D and key infrastructure projects, contributing to the transformation and upgrading of the capital's industries [2] Group 2: Asset Securitization - The asset securitization business has seen a significant increase, with a new management scale of 37.4 billion yuan, representing a year-on-year growth of 92%, elevating the company's industry ranking to 12th [3] - The company facilitated financing of 16.7 billion yuan through asset-backed securities (ABS) for various asset types, earning widespread recognition and trust from clients [3] Group 3: Equity Financing - The company has made significant strides in the Beijing Stock Exchange, with successful sponsorship of projects and a robust pipeline of potential listings, enhancing the capital market's vitality [4] - Throughout the year, the company provided ongoing support to 30 listed companies in Beijing, reinforcing its commitment to local market development [4] Group 4: Platform Development - The company has organized eight specialized events to connect government, enterprises, and financial institutions, enhancing communication and resource sharing within the capital's financial ecosystem [5] - The company has also supported the Chaoyang District's enterprise listing accelerator project, offering tailored consulting and market insights to help local companies thrive [6] Group 5: Future Outlook - The company plans to focus on serving the "Four Centers" of Beijing, integrating into the coordinated development strategy of the Beijing-Tianjin-Hebei region, and advancing various financial initiatives [7] - The company aims to enhance its comprehensive financial services, contributing to the high-quality development of the capital's economy and social progress [7]

Group 1 - The core viewpoint of the article highlights a significant surge in bond issuance by securities firms at the beginning of 2026, driven by a strong A-share market and an increase in capital demand, with a total issuance of 119.52 billion yuan, representing a year-on-year growth of 71.87% [1][2] - The bond issuance is characterized by diversification, with both traditional leading firms like China Galaxy and internet brokers like East Money participating, and various types of products being issued, including conventional corporate bonds and perpetual subordinated bonds [2][3] - The bond issuance trend is a continuation from 2025, where the total issuance exceeded 1.89 trillion yuan, with both the number and scale of bonds issued showing over 44% year-on-year growth [3] Group 2 - The increase in bond issuance is attributed to a combination of business transformation, policy guidance, and a low-cost environment, with firms transitioning from traditional channel businesses to capital-intensive models [4][5] - The active A-share market has led to a growing demand for capital-intensive business expansion, prompting firms to leverage debt financing to seize profit opportunities [4][6] - The current low interest rate environment has made bond issuance an attractive option for firms to refinance high-interest debt and optimize financial structures, thereby enhancing profit margins for future business expansion [4][6] Group 3 - The regulatory environment has positively influenced the expansion of financing channels, with securities firms being included in the issuance of technology innovation bonds, aligning fundraising with national strategic goals [5][6] - The bond issuance trend is expected to continue in the short to medium term, as long as market activity remains robust, sustaining the demand for capital [6][7] - The competitive landscape is shifting towards a "stronger gets stronger" dynamic, where leading firms are better positioned to capitalize on low-cost debt financing, potentially widening the gap between them and smaller firms [7][8]

Group 1 - The company will hold its first extraordinary general meeting of shareholders in 2026 on January 30, 2026, at 15:00 in Beijing [2][4] - The voting method for the meeting will combine on-site voting and online voting through the Shanghai Stock Exchange's shareholder meeting voting system [4][6] - The online voting period will be on the same day as the meeting, from 9:15 to 15:00 [2][6] Group 2 - Shareholders must register to attend the meeting, with registration available on January 29, 2026, from 9:30 to 11:30 and 14:00 to 16:30 [10][14] - The company will provide a reminder service for small and medium-sized investors to ensure they can participate in the meeting and vote [7] - Shareholders holding multiple accounts can aggregate their voting rights across all accounts for the same category of ordinary shares [6][8]

Core Insights - The issuance of bonds has become a mainstream method for securities firms to supplement capital and optimize their liability structure, driven by the need for business expansion and innovation, alongside the current low-interest financing window [1][2] Group 1: Bond Issuance Trends - Securities firms have issued bonds exceeding 90 billion yuan this year, with a year-on-year increase of nearly 50% [1] - As of January 14, securities firms have cumulatively issued 31 bonds, amounting to 90.5 billion yuan, representing a year-on-year growth of 47.4% [2] - The main type of bonds issued is securities company bonds, with 24 bonds issued totaling 72.2 billion yuan, a year-on-year increase of 37% [2] Group 2: Diversification in Bond Issuance - The bond issuance has shown significant diversification, with traditional leading firms like China Galaxy and Shenwan Hongyuan, as well as internet brokers like Oriental Fortune, participating [2] - The product types have expanded to include conventional corporate bonds, technology innovation corporate bonds, and perpetual subordinated bonds [2] Group 3: Cost Advantages - The average coupon rate for securities company bonds issued this year is 1.78%, down 0.19 percentage points from the average level of 1.97% in 2025 [2] - The average coupon rate for short-term financing bonds is 1.71%, slightly down 0.05 percentage points from 1.76% in 2025, enhancing the incentive for firms to issue bonds for capital supplementation [2] Group 4: Purpose of Fundraising - The primary purposes for bond issuance by securities firms include meeting business development needs, supplementing working capital, and repaying maturing debts [3]