东兴证券股份有限公司股东会议事规则 （2025 年 9 月修订） 第一章 总则 第一条 为保障股东能够依法行使权利，确保股东会能够高效规 范运作和科学决策，完善公司治理结构，根据《中华人民共和国公司 法》（以下简称《公司法》）、《中华人民共和国证券法》（以下简称《证 券法》）、《上市公司治理准则》《上市公司章程指引》《上市公司股东 会规则》《证券公司治理准则》等法律法规、部门规章、规范性文件 及《东兴证券股份有限公司章程》（以下简称《公司章程》）的规定， 结合公司实际，制定本规则。 第二条 本规则适用于公司股东会，对公司、全体股东、股东代 理人、公司董事、高级管理人员和列席股东会会议的其他有关人员均 具有约束力。 第三条 公司应当严格按照法律、行政法规及《公司章程》的相 关规定召开股东会，保证股东能够依法行使权利。 第四条 公司董事会应当切实履行职责，认真、按时组织股东会。 公司全体董事应当勤勉尽责，确保股东会正常召开和依法行使职权。 第五条 股东会应当在《公司法》和《公司章程》规定的范围内 行使职权。 第六条 股权登记日登记在册的所有股东或其代理人，均有权出 席股东会，并依照有关法律、行政法规及《公司章程》 ...

证券代码：601198 证券简称：东兴证券 公告编号：2025-050 本公司董事会及全体董事保证公告内容不存在虚假记载、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）股东大会召开的时间：2025 年 9 月 26 日 （二）股东大会召开的地点：北京市西城区金融大街 9 号金融街中心 18 层 第一会议室 （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 | 474 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 1,677,616,793 | | 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（%） | 51.8993 | （四）表决方式是否符合《公司法》及《公司章程》的规定，大会主持情况 等。 东兴证券股份有限公司 2025年第一次临时股东大会决议公告 本次会议由公司董事会召集，采用现场投票与网络投票的方式召开。公司董 事长李娟女士因临时公务未能出席会议，全体董事推选董事张朝晖先生主持会议 ...

2025 年第一次临时股东大会的法律意见书 国浩律师（上海）事务所 法律意见书 国浩律师（上海）事务所 关于东兴证券股份有限公司 致：东兴证券股份有限公司 东兴证券股份有限公司（以下简称"公司"）2025 年第一次临时股东大会（以 下简称"本次股东大会"）于 2025 年 9 月 26 日在北京市西城区金融大街 9 号金融 街中心 18 层第一会议室召开。国浩律师（上海）事务所（以下简称"本所"）接受 公司的委托，指派本所律师出席会议见证，并依据《中华人民共和国证券法》《中 华人民共和国公司法》、中国证券监督管理委员会《上市公司股东会规则》和《东 兴证券股份有限公司章程》（以下简称"《公司章程》"）出具本法律意见书。 本所律师根据对事实的了解和对法律的理解，已按有关法律、法规的规定对公 司本次股东大会的召集、召开程序是否合法及是否符合《公司章程》、出席会议人 员资格和召集人资格的合法有效性，以及本次股东大会表决程序、表决结果和决议 的合法有效性发表法律意见。 本所律师依据有关法律、法规的规定出具本法律意见书，已对与出具本法律意 见书有关的法律事实进行审查判断。本法律意见书不存在虚假、严重误导性陈述及 重大遗漏 ...

Core Insights - Aike Co., Ltd. reported a significant increase in total revenue for the first half of 2025, achieving 531 million yuan, a year-on-year growth of 39.88% [2] - The company experienced a net loss attributable to shareholders of 12.03 million yuan in the first half of 2025, an improvement from a loss of 56.27 million yuan in the same period last year [2] - The company’s cash flow from operating activities turned positive, reaching 17.30 million yuan compared to a negative cash flow of 31.86 million yuan in the previous year [2] Financial Performance - In 2024, Aike Co., Ltd. reported total revenue of 903 million yuan, a decline of 15.37% year-on-year [2] - The net profit attributable to shareholders for 2024 was a loss of 107 million yuan, contrasting with a profit of 34.32 million yuan in the previous year [2] - The company’s cash flow from operating activities for 2024 was 90.16 million yuan, recovering from a negative cash flow of 57.09 million yuan in the prior year [2] IPO and Fundraising - Aike Co., Ltd. was listed on the Shenzhen Stock Exchange's ChiNext board on September 16, 2020, with an initial public offering of 39 million shares at a price of 27.97 yuan per share [2][3] - The total amount raised from the IPO was 1.09 billion yuan, with a net amount of 982 million yuan after deducting issuance costs [3] - The company planned to use the raised funds for LED landscape lighting production, smart controller production projects, and working capital supplementation [3] Dividend Distribution - On May 29, 2025, Aike Co., Ltd. announced a dividend plan to issue 4 additional shares for every 10 shares held, with the ex-dividend date set for June 9, 2025 [4]

Core Viewpoint - Aike Co., Ltd. (300889.SZ) reported significant revenue growth in the first half of 2025, with total revenue reaching 531.32 million yuan, a year-on-year increase of 39.88%, despite a net loss [1][2]. Financial Performance - In the first half of 2025, the company achieved total revenue of 531.32 million yuan, up 39.88% from 379.71 million yuan in the same period last year [2]. - The net profit attributable to shareholders was -12.03 million yuan, an improvement of 78.62% compared to -56.27 million yuan in the previous year [2]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -13.82 million yuan, showing a 76.64% improvement from -59.18 million yuan year-on-year [2]. - The net cash flow from operating activities was 17.29 million yuan, a significant turnaround from -31.86 million yuan in the same period last year, representing a 154.28% increase [2]. Previous Year Comparison - In 2024, the company reported total revenue of 903.16 million yuan, a decline of 15.37% from 1.07 billion yuan in 2023 [3]. - The net profit attributable to shareholders for 2024 was -107.45 million yuan, compared to a profit of 34.32 million yuan in 2023, marking a decrease of 413.09% [3]. - The net profit after deducting non-recurring gains and losses was -167.61 million yuan, a decline of 1,980.12% from -8.06 million yuan in the previous year [3]. - The net cash flow from operating activities in 2024 was 90.16 million yuan, a significant increase of 257.92% from -57.09 million yuan in 2023 [3]. IPO and Fundraising - Aike Co., Ltd. was listed on the Shenzhen Stock Exchange's Growth Enterprise Market on September 16, 2020, raising a total of 1.09 billion yuan, with a net amount of 982 million yuan after deducting issuance costs [4]. - The company initially planned to raise 845 million yuan for projects related to LED landscape lighting and smart controllers, as well as for working capital [4]. - The stock reached a peak price of 75.38 yuan on its listing day but is currently in a state of decline [4]. Dividend Announcement - On May 29, 2025, Aike Co., Ltd. announced a dividend plan, proposing a stock dividend of 4 shares for every 10 shares held, with the ex-dividend date set for June 9, 2025 [6].

东兴证券股份有限公司 2025 年度第六期短期融资券发行结果公告 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。 证券代码：601198 证券简称：东兴证券 公告编号：2025-049 东兴证券股份有限公司2025年度第六期短期融资券已于2025年9月25日发行 完毕，相关发行情况如下： | 债券名称 | | | 东兴证券股份有限公司 | | 2025 年度第六期短期融资券 | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 债券简称 | 25 | 东兴证券 | | CP006 | 债券代码 | 072510241 | | | | | 发行日 | 2025 | 年 9 | 月 24 | 日 | 起息日 | 年 2025 | 9 | 月 日 | 25 | | 兑付日 | 2026 | 年 4 | 月 23 | 日 | 期限 | 210 天 | | | | | 计划发行总额 | 人民币 | 15 | 亿元 | | 实际发行总额 | 人民 ...

Core Insights - Dongxing Securities reported a revenue of 2.249 billion yuan for the first half of 2025, representing a year-on-year growth of 12.46%, and a net profit attributable to shareholders of 819 million yuan, up 42.12% [1] - The company underwent a series of personnel adjustments within its subsidiaries, including leadership changes at Dongxing Fund and the research institute [1][4] Company Performance - The actual controller of Dongxing Securities changed in 2025, with the Ministry of Finance transferring its 71.55% stake in China Orient Asset Management to Central Huijin, marking a significant shift in control [2] - Despite the positive performance, Dongxing Securities is involved in a fraud dispute related to the IPO of Zeda Yisheng, which has attracted market attention [4] Subsidiary Developments - Dongxing Fund maintained a total management scale of 38.912 billion yuan by the end of Q2 2025, ranking 92nd among 210 public funds, although it faced challenges in its equity business and rising costs [4][5] - The research institute of Dongxing Securities is experiencing pressure from declining commission rates and talent loss, with a focus on enhancing its competitive edge through restructuring and the recruitment of a new chief economist [5][6] Strategic Adjustments - The company is restructuring its research organization to improve the synergy of macro, mid, and micro research chains, aiming to address the competitive landscape and internal adjustments [5] - The recruitment of a chief economist, the first in six years, highlights the urgency for the company to strengthen its macro research capabilities [5][6]

Core Viewpoint - The report from Dongxing Securities indicates a continuous decline in pig prices, with the average price falling below 14 yuan/kg in August and reaching a three-year low of 12.82 yuan/kg by September 19. The government is committed to reducing production capacity and stabilizing pig prices, which will shape the industry's future dynamics [1][2][3]. Industry Supply and Demand Performance - In August, pig prices continued to decline, with average prices dropping below 14 yuan/kg. By September 19, the average price of live pigs was 12.82 yuan/kg, marking the lowest level in three years [1][2]. - The supply side saw a significant increase in market pressure due to a concentration of sales from smallholders, leading to a notable price drop. High temperatures in August also suppressed consumer demand, resulting in weak sales [2]. - The number of breeding sows was reported at 40.42 million in July, showing a slight decrease. Data indicates a mixed trend in breeding sow inventory, with some samples showing growth while others indicate a decline [2]. Policy and Regulatory Developments - A meeting held on September 16 by the Ministry of Agriculture and Rural Affairs and the National Development and Reform Commission emphasized the government's commitment to reducing production capacity and stabilizing pig prices. Clear regulatory targets were set for breeding stock and slaughter weights, with tighter funding and environmental measures [3]. - The short-term impact of these policies may increase supply pressure and lead to further price declines, but the long-term outlook suggests a potential recovery in pig prices by 2026 as inefficient production capacity is eliminated [3]. Future Market Outlook - The ongoing capacity regulation will remain a central theme in the industry, with expectations for the elimination of outdated production capacity. High-quality producers are likely to maintain profitability and benefit from improved margins post-regulation [4]. - The industry valuation is currently below historical averages, indicating a safety margin for investments. Key companies to watch include Muyuan Foods (002714.SZ), Wens Foodstuff Group (300498.SZ), Tian Kang Biological (002100.SZ), and Shennong Group (605296.SH) [4]. Sales Data of Listed Companies - In August, major companies reported a decline in average sales prices, with Muyuan Foods at 13.51 yuan/kg, Wens at 13.90 yuan/kg, Zhengbang Technology at 13.75 yuan/kg, and New Hope at 13.54 yuan/kg, reflecting changes of -5.52%, -4.66%, -3.91%, and -6.23% respectively [5]. - The sales volume for August showed a recovery, with Muyuan Foods selling 700,000 pigs, Wens 325,000, New Hope 134,000, and Zhengbang 67,000, representing increases of 10.17%, 2.56%, 2.71%, and a decrease of -3.67% respectively [5]. - The average weight of pigs sold also decreased, with Muyuan at 125.29 kg, Wens at 109.95 kg, and New Hope at 95.07 kg, indicating a continued trend of reduced weights in the industry [5].

本期发行短期融资券的相关文件已在以下网站刊登： 1、中国货币网（https://www.chinamoney.com.cn/）； 2、上海清算所网站（https://www.shclearing.com.cn/）。 证券代码：601198 证券简称：东兴证券 公告编号：2025-048 东兴证券股份有限公司 2025 年度第五期短期融资券发行结果公告 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。 东兴证券股份有限公司2025年度第五期短期融资券已于2025年9月22日发行 完毕，相关发行情况如下： | 债券名称 | | | 东兴证券股份有限公司 | | 2025 年度第五期短期融资券 | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 债券简称 | 25 | 东兴证券 | | CP005 | 债券代码 | 072510232 | | | | | 发行日 | 2025 | 年 9 | 月 19 | 日 | 起息日 | 年 2025 ...

Group 1 - The core point of the article is the announcement of the issuance results for the fifth short-term financing bond by Dongxing Securities for the year 2025 [1] - The bond was issued on September 19, with interest starting from September 22 and maturing on February 12, 2026, resulting in a term of 143 days [1] - Both the planned and actual issuance amount was 2 billion RMB, with an issuance interest rate of 1.69% and an issuance price of 100 RMB per 100 RMB face value [1]