香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示概不對因本公告全部或任何部份內容而產生或因倚賴 該等內容而引致之任何損失承擔任何責任。 董事長 海外監管公告 本公告乃由國泰海通證券股份有限公司（「本公司」）根據香港聯合交易所有限公司 證券上市規則第13.10B條作出。 國泰海通證券股份有限公司 Guotai Haitong Securities Co., Ltd. （於中華人民共和國註冊成立的股份有限公司） （股份代號：02611） 茲載列本公司於上海證券交易所網站發佈之《國泰海通證券股份有限公司第七屆 董事會第七次會議決議公告》，僅供參閱。 承董事會命 國泰海通證券股份有限公司 朱健 中國上海 2025年10月30日 截至本公告日期，本公司的執行董事為朱健先生、李俊傑先生以及聶小剛先生； 本公司的非執行董事為周杰先生、管蔚女士、鐘茂軍先生、陳航標先生、呂春芳 女士、哈爾曼女士、孫明輝先生以及陳一江先生；本公司的職工董事為吳紅偉先 生；及本公司的獨立非執行董事為李仁傑先生、王國剛先生、浦永灝先生、毛付 根先生、陳方若先生以及江憲先生。 证 ...

國泰海通證券股份有限公司 Guotai Haitong Securities Co., Ltd. （於中華人民共和國註冊成立的股份有限公司） 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示概不對因本公告全部或任何部分內容而產生或因倚賴 該等內容而引致的任何損失承擔任何責任。 （股份代號：02611） 關於計提資產減值準備的公告 本公告乃由國泰海通證券股份有限公司（「本公司」），連同其附屬公司「本集團」） 根據香港法例第571章證券及期貨條例（「證券及期貨條例」）第XIVA部項下內幕消 息條文（定義見香港聯合交易所有限公司證券上市規則（「上市規則」））及上市規則 第13.09條和第13.10B條而作出。 一、計提資產減值準備情況概述 根據中國企業會計準則（「企業會計準則」）和本公司會計政策的相關規定，本 集團對截至2025年9月30日的各項需要計提減值的資產進行了預期信用損失 評估和減值測試，2025年1-9月計提信用減值損失人民幣233,420萬元，計提 其他資產減值損失人民幣4,875萬元，合計計提資產減值損失人民幣238,295 萬 ...

Financial Performance - Operating revenue for Q3 2025 reached RMB 22.02 billion, a 136% increase compared to the same period last year[12] - Total profit for Q3 2025 was RMB 11.77 billion, reflecting a 110.69% year-on-year growth[12] - Net profit attributable to the parent company for the first three quarters of 2025 was RMB 22.07 billion, up 131.80% from the previous year[12] - Total operating revenue for the first three quarters of 2025 reached CNY 45.89 billion, a significant increase from CNY 22.76 billion in the same period of 2024, representing a growth of approximately 101.1%[40] - Total profit for the first three quarters of 2025 was ¥30.46 billion, compared to ¥12.11 billion in 2024, marking an increase of about 151.5%[41] - Net profit for the first three quarters of 2025 was ¥20.81 billion, up 187.5% from ¥7.25 billion in the first three quarters of 2024[55] Assets and Liabilities - The company's total assets as of September 30, 2025, amounted to RMB 2.01 trillion, representing a 91.74% increase from the end of the previous year[13] - Total assets increased to ¥1,405.84 billion as of September 30, 2025, up from ¥730.62 billion on December 31, 2024, representing an increase of 92.3%[49] - The company's total liabilities reached CNY 1.67 trillion, up from CNY 870.27 billion, indicating an increase of about 91.5%[36] - Total liabilities increased to ¥1,108.01 billion as of September 30, 2025, compared to ¥583.79 billion on December 31, 2024, marking an increase of 89.8%[50] Equity and Capital - The net capital of the parent company increased to RMB 186.74 billion, up from RMB 98.39 billion at the end of the previous year[16] - The equity attributable to shareholders increased to CNY 324.14 billion from CNY 170.78 billion, representing a growth of approximately 89.6%[36] - The company's equity rose to ¥297.82 billion as of September 30, 2025, up from ¥146.82 billion on December 31, 2024, an increase of 102.5%[51] Earnings and Income - Basic earnings per share for Q3 2025 were RMB 0.33, down 32.65% compared to the same period last year[12] - Basic and diluted earnings per share for the first three quarters of 2025 were both ¥1.44, compared to ¥1.01 in 2024, indicating an increase of about 42.6%[42] - Net income from brokerage business reached ¥10.81 billion, a 142.80% increase year-on-year, primarily due to the increase in stock trading volume and the expansion of agency trading business following the merger with Haitong Securities[25] - Net income from commission and fees was CNY 18.23 billion, up from CNY 9.44 billion year-over-year, indicating a growth of about 93.5%[40] - The net income from commission and fee income was ¥12.57 billion for the first three quarters of 2025, compared to ¥6.00 billion in the same period of 2024, an increase of 109.4%[54] Cash Flow - Cash flow from operating activities for the first three quarters of 2025 totaled ¥312.42 billion, significantly higher than ¥120.25 billion in 2024, representing an increase of approximately 160.2%[45] - Net cash flow from investing activities was ¥148.36 billion, a 1,287.89% increase year-on-year, primarily resulting from the merger with Haitong Securities[26] - Cash flow from financing activities for the first three quarters of 2025 was a net inflow of ¥38.84 billion, contrasting with a net outflow of ¥30.13 billion in 2024[46] - The ending balance of cash and cash equivalents as of September 2025 is ¥331,234,424,776, up from ¥159,826,107,369 in 2024[61] Merger Impact - The company completed a merger on March 14, 2025, which significantly impacted the financial data for the reporting period[42] - The company's operating revenue for the current reporting period increased by 136.00%, primarily due to the absorption merger with Haitong Securities, leading to an expansion in business scale and increases in net investment income and brokerage fees[20] - The company expects no significant impact on its future financial condition and operating results from the merger adjustments, despite the substantial changes in financial metrics[18] - The company is actively integrating business operations and management post-merger, aiming for a more unified customer service and enhanced operational efficiency[32] Risk Management - The risk coverage ratio improved to 269.42% from 240.16% year-on-year, indicating enhanced risk management[16] - The company has updated over 600 compliance and risk management policies to strengthen financial management post-merger[32]

Core Insights - Five brokerage firms reported net profits exceeding 10 billion yuan for the first three quarters of 2025, indicating strong performance in the industry [1] Group 1: Company Performance - CITIC Securities achieved a net profit of 23.159 billion yuan [1] - Guotai Junan Securities reported a net profit of 22.074 billion yuan [1] - Huatai Securities, China Galaxy Securities, and GF Securities also surpassed 10 billion yuan in net profits, with figures of 12.733 billion yuan, 10.968 billion yuan, and 10.934 billion yuan respectively [1] - Guosen Securities and Dongfang Caifu are close to the 10 billion yuan mark, with net profits of 9.137 billion yuan and 9.097 billion yuan respectively [1]

Core Insights - The company achieved record highs in total assets, operating income, net profit attributable to shareholders, and net profit after deducting non-recurring gains and losses for the first three quarters of 2025 [1][2] - The third quarter also saw significant increases in operating income and net profit after deducting non-recurring gains and losses, indicating a substantial improvement in profitability [1][2] Financial Performance - In Q3 2025, the company reported operating income of 22.02 billion yuan, a year-on-year increase of 136.0% [2] - The net profit attributable to shareholders for the first three quarters reached 22.07 billion yuan, up 131.8% year-on-year [2] - The net profit after deducting non-recurring gains and losses for the first three quarters was 16.30 billion yuan, reflecting an 80.5% increase year-on-year [2] - The company's total assets exceeded 2 trillion yuan, representing a growth of 91.7% compared to the end of the previous year [2] - The weighted average return on net assets after deducting non-recurring gains and losses was 5.95%, an increase of 0.31 percentage points year-on-year [2] Business Integration and Strategy - The company is actively pursuing new strategies and cultural integration following its merger and restructuring [3] - Business integration efforts include the inheritance of business qualifications and limits, as well as the migration of key investment assets to enhance unified customer service [3] - Management integration involves the implementation of a unified compliance and risk control operation, updating over 600 regulations to strengthen financial management [3] - The company is addressing issues of competition among subsidiaries and is steadily advancing the integration of asset management subsidiaries [3] Asset Impairment Provisions - The company announced a provision for asset impairment losses totaling 2.38 billion yuan for the first nine months of 2025, primarily due to routine provisions for its new leasing business [4] - The leasing business, developed by the subsidiary Haitong Hengxin, has shown stable growth and asset quality, contributing to profitability [4] - The impairment provisions are not indicative of adverse business conditions but are related to accounting standards for non-similar control mergers [4]

Core Insights - The company achieved record highs in total assets, operating income, net profit attributable to shareholders, and net profit after deducting non-recurring items for the first three quarters of the year [1][2] - The third quarter also saw significant increases in operating income and net profit after deducting non-recurring items, indicating a substantial improvement in profitability [1][2] Financial Performance - In Q3, the company reported operating income of 22.02 billion yuan, a year-on-year increase of 136.0% [2] - The net profit attributable to shareholders for the first three quarters reached 22.07 billion yuan, up 131.8% year-on-year, while net profit after deducting non-recurring items was 16.30 billion yuan, reflecting an 80.5% increase [2] - The company's total assets exceeded 2 trillion yuan, marking a 91.7% increase from the end of the previous year [2] Business Integration and Strategy - The company is actively pursuing new strategies and cultural integration following its merger, focusing on business, management, and system platform integration [3] - Key initiatives include the consolidation of business qualifications, compliance risk management, and addressing competition among subsidiaries [3] - The company has successfully completed the legal entity transition and is implementing plans for client migration and system upgrades [3] Asset Impairment Provisions - The company announced a total asset impairment provision of 2.38 billion yuan for the first nine months of 2025, primarily due to routine provisions for its new leasing business and credit impairment losses [4] - The leasing business, which was established post-merger, has shown stable development and profitability, with a focus on risk control and asset quality [4]

Core Insights - The company reported a significant increase in revenue and net profit for the third quarter of 2025, with revenue reaching 22.019 billion yuan, a year-on-year growth of 136% (adjusted) and net profit of 6.337 billion yuan, up 40.6% (adjusted) [1] - For the first three quarters of 2025, the company achieved a revenue of 45.892 billion yuan, reflecting a year-on-year increase of 101.6% (adjusted), and a net profit of 22.074 billion yuan, which is a 131.8% increase (adjusted) [1] - The revenue growth is primarily attributed to the acquisition of Haitong Securities, which expanded the company's business scale, along with increases in net investment income from financial instruments, net commission income from brokerage services, and net interest income [1]

证券代码：601211 证券简称：国泰海通 公告编号：2025-099 根据《企业会计准则》和公司会计政策的相关规定，公司及下属子公司对截 至 2025 年 9 月 30 日的各项需要计提减值的资产进行了预期信用损失评估和减值 测试，2025 年 1-9 月计提信用减值损失人民币 233,420 万元，计提其他资产减 值损失人民币 4,875 万元，合计计提资产减值损失人民币 238,295 万元，对净利 润的影响超过公司 2024 年度经审计的净利润的 10%，具体如下： | 单位：人民币万元 | | --- | | 项目 | 2025 年 1-9 月 计提金额 | | --- | --- | | 一、信用减值损失 | 233,420 | | 其中：长期应收款 | 100,508 | | 应收融资租赁款 | 44,996 | | 其他债权投资 | 46,077 | | 其他贷款和应收款 | 26,919 | | 融出资金 | 4,872 | | 应收款项 | 3,848 | | 其他 | 6,200 | | 二、其他资产减值损失 | 4,875 | | 合计 | 238,295 | 1 注 1：本期新增长期 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示概不對因本公告全部或任何部份內容而產生或因倚賴 該等內容而引致之任何損失承擔任何責任。 國泰海通證券股份有限公司 Guotai Haitong Securities Co., Ltd. （於中華人民共和國註冊成立的股份有限公司） （股份代號：02611） 於本公告日期，國際集團直接及間接持有本公司合計20.40%權益，因此國際集 團及╱或其聯繫人均為本公司的關連人士。因此，根據上市規則第十四A章， 與國際集團及╱或其聯繫人的新框架協議項下擬進行的交易構成本公司的持續 關連交易。 公告 持續關連交易 由於新框架協議項下交易的最高適用百分比率超過0.1%但低於5%，因此，新框 架協議項下擬進行的交易須遵守上市規則第十四A章的申報、公告及年度審核規 定，但獲豁免遵守獨立股東批准的規定。 重續與國際集團就證券及金融產品交易及服務之新框架協議 重續新框架協議 茲提述本公司日期為2019年12月30日、2022年12月29日的公告，內容有關本 公司與國際集團所訂立的原框架協議。由於原框架協議將於2025 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示概不對因本公告全部或任何部份內容而產生或因倚賴 該等內容而引致之任何損失承擔任何責任。 國泰海通證券股份有限公司 Guotai Haitong Securities Co., Ltd. （於中華人民共和國註冊成立的股份有限公司） （股份代號：02611） 公告 持續關連交易 重續與華安基金就證券及金融產品交易及服務之新框架協議 獨立董事委員會及獨立股東的獨立財務顧問 重續新框架協議 茲提述本公司日期為2022年12月29日及2023年10月20日的公告以及日期為2023 年11月13日的通函，內容有關本公司與華安基金所訂立的原框架協議。由於原 框架協議將於2025年12月31日屆滿，且本集團預期有關交易將於此後持續進 行，2025年10月30日，董事會批准本公司與華安基金重續新框架協議，據此， 新框架協議的有效期為自2026年1月1日起至2028年12月31日止。 根據新框架協議，本集團與華安基金集團同意與對方在各自的日常業務過程 中，根據一般商業條款及市場慣例並按當時市價或費率進行證券及金 ...