证券代码：601236 证券简称：红塔证券 公告编号：2025-021 红塔证券股份有限公司 关于参加云南辖区上市公司 2024 年度投资者 网上集体接待日活动的公告 红塔证券股份有限公司董事会 2025 年 5 月 12 日 本次活动将采用网络远程的方式举行，投资者可登录"全景路演"网站 （https://rs.p5w.net），或关注微信公众号：全景财经，或下载全景路演 APP, 参与本次互动交流，活动时间为 2025 年 5 月 16 日（周五）16:00-17:00。届时 公司高管将在线就公司 2024 年度业绩、公司治理、发展战略、经营状况和可持 续发展等投资者关心的问题，与投资者进行沟通与交流，欢迎广大投资者踊跃参 与。 特此公告。 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。 为进一步加强与投资者的互动交流，红塔证券股份有限公司（以下简称"公 司"）将参加由云南证监局指导，云南省上市公司协会与深圳市全景网络有限公 司联合举办的"2024 年度云南辖区上市公司投资者网上集体接待日"，现将相关 事项公告如下： ...

5月9日晚间，红塔证券公告称，公司收到董事长景峰的函件，提议进行股份回购注销，以优化资本结构并 提升股东价值。今年以来，A股证券板块已有多家公司提出回购计划。 此前在4月8日，国务院国资委表示，全力支持央企控股上市公司不断加大增持回购力度。随后，以央企国企为 主的证券公司开始陆续酝酿回购方案。据券商中国统计，目前公布回购计划的6家券商（含券商母公司，下 同）中，已有4家进行了回购操作，其中国泰海通已累计回购近3亿元。 已有6家推出回购方案 根据公告，红塔证券5月9日收到董事长景峰提交的《关于提议红塔证券进行股份回购注销的函》，提议以自有 资金在上交所以集中竞价方式回购股份，回购金额在1亿元至2亿元，回购的股份将用于减少注册资本，优化资 本结构，提升股东价值。 景峰称，此举是基于对公司持续发展的信心和对公司价值的高度认可，为积极响应监管机构号召，维护公司市 场价值及股东权益，增强投资者对公司的投资信心，同时促进公司稳定健康发展。这一想法同多家券商不谋而 合。 在红塔证券之前，今年已有6家券商公布了回购方案。行动最早的国金证券，其在4月8日国务院国资委发声 后，第一时间公告的新一轮回购股份方案——此前在2024年 ...

又一家券商用"真金白银"传递市场信心。 除了红塔证券外，近期还有多家券商也发布了回购计划。 具体来看，景峰提议使用自有资金通过上海证券交易所交易系统以集中竞价方式回购公司部分人民币普通股 （A股）股票，回购价格上限不高于董事会审议通过回购股份方案决议前30个交易日公司股票交易均价的150%，回 购资金总额不低于1亿元（含），不超过2亿元（含），回购期限自股东会审议通过回购股份方案之日起12个月内。 关于提议回购股份的原因和目的，红塔证券表示，基于对公司持续发展的信心和对公司价值的高度认可，为积 极响应监管机构号召，维护公司市场价值及股东权益，增强投资者对公司的投资信心，同时促进公司稳定健康发 展，故提议红塔证券以自有资金通过上海证券交易所交易系统以集中竞价方式回购公司部分股份，回购的股份将用 于减少公司注册资本，优化公司资本结构，提升公司股东价值。 5月9日，红塔证券公告称，董事长景峰提交了《关于提议红塔证券进行股份回购注销的函》，提议以自有资金 回购公司部分股份。 5月6日晚间，东方证券发布公告称，公司将以集中竞价交易方式首次回购公司A股股份，拟回购金额为2.5亿元 至5亿元。回购股份价格不超过人民币13. ...

宁波富达：终止筹划重大资产重组事项 宁波富达(600724)公告，公司原计划以现金方式通过股权受让或增资方式取得宁波晶鑫电子材料有限 公司不少于45%股权，并保证上市公司拥有目标公司的表决权股权比例不低于51%。由于交易双方未 能就交易最终方案达成一致，经友好协商，各方同意终止进一步推进本次交易。终止本次重大资产重 组事项无需提交董事会、股东会审议。交易尚处于筹划阶段，未对上市公司现有生产经营活动、财务 状况和战略发展造成重大不利影响。公司承诺自公告披露之日起至少一个月内不再筹划重大资产重 组。 蓝黛科技：拟3411万元收购重庆台冠18%股权 2025.05. 09 5月9日晚间，沪深两市多家上市公司发布公告，以下是第一财经对一些重要公告的汇总，供投资者 参考。 【品大事】 卧龙地产：证券简称变更为"卧龙新能" 卧龙地产(600173)公告，公司证券简称将自2025年5月15日起由"卧龙地产"变更为"卧龙新能"，公司 证券代码保持不变。 蓝黛科技(002765)公告，拟收购殷文俊、刘健、孙刚、崔颖合计持有的公司控股子公司重庆台冠18% 股权，转让价款为3411万元。本次股权收购完成后，公司将持有重庆台冠100 ...

Group 1 - The chairman of Hongta Securities proposed a share buyback to enhance company value and respond to regulatory calls [1][2] - The buyback aims to reduce registered capital, optimize capital structure, and increase shareholder value [1][2] - The buyback will involve repurchasing A-shares through the Shanghai Stock Exchange with a maximum price set at 150% of the average trading price over the previous 30 trading days [2] Group 2 - The total funds allocated for the buyback will range from RMB 100 million to RMB 200 million [2] - The buyback will be funded by the company's own funds and is expected to occur within 12 months after the shareholders' meeting approves the plan [2] - The chairman has committed to promoting the swift convening of the board and shareholders' meetings to discuss the buyback proposal [2]

证券代码：601236 证券简称：红塔证券 公告编号：2025-020 红塔证券股份有限公司 (二)提议时间：2025 年 5 月 9 日 二、提议回购股份的原因和目的 基于对公司持续发展的信心和对公司价值的高度认可，为积极响应监管机构 号召，维护公司市场价值及股东权益，增强投资者对公司的投资信心，同时促进 公司稳定健康发展，提议红塔证券以自有资金通过上海证券交易所交易系统以集 中竞价方式回购公司部分股份，回购的股份将用于减少公司注册资本，优化公司 资本结构，提升公司股东价值。 三、提议内容 （一）回购股份的种类 公司发行的人民币普通股（A 股）股票。 关于董事长提议回购公司部分股份的提示性公告 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。 红塔证券股份有限公司（以下简称"公司"、"红塔证券"）于 2025 年 5 月 9 日收到董事长景峰先生（以下简称"提议人"）提交的《关于提议红塔证券 进行股份回购注销的函》，具体内容如下： 一、提议人的基本情况及提议时间 (一)提议人：公司董事长景峰先生 （二）回购股份的用途 减少注册 ...

Group 1 - The company, Hongta Securities, announced a proposal for a share buyback by its chairman, Jing Feng, on May 9, 2025 [1] - The buyback will utilize the company's own funds through the Shanghai Stock Exchange's trading system via centralized bidding [1] - The total amount for the buyback will be no less than 100 million yuan and no more than 200 million yuan [1] - The maximum buyback price will not exceed 150% of the average trading price of the company's shares over the 30 trading days prior to the board's approval of the buyback plan [1] - The proposal will be executed within 12 months after approval by the shareholders' meeting [1]

Financial Performance - The company's operating revenue for Q1 2025 was CNY 566,157,693.15, representing a 46.00% increase compared to CNY 387,780,236.71 in the same period last year[5] - Net profit attributable to shareholders reached CNY 295,620,962.49, a significant increase of 147.24% from CNY 119,567,040.11 year-on-year[5] - Basic and diluted earnings per share both doubled to CNY 0.06, up 100.00% from CNY 0.03 in the previous year[6] - The company's net profit for Q1 2025 was not disclosed, but the retained earnings increased to CNY 3.13 billion from CNY 2.84 billion, showing an increase of about 10.2%[17] - Net profit for Q1 2025 was ¥294.27 million, a 145% increase compared to ¥120.20 million in Q1 2024[19] - The company reported a total comprehensive income of ¥343.16 million in Q1 2025, compared to ¥293.80 million in Q1 2024, reflecting an increase of 17%[20] Asset and Liability Management - Total assets decreased by 12.87% to CNY 51,466,844,454.79 from CNY 59,070,725,888.07 at the end of the previous year[6] - The total assets of Hongta Securities amounted to CNY 51.47 billion, a decrease from CNY 59.07 billion at the end of 2024, representing a decline of approximately 12.6%[15] - The total liabilities decreased to CNY 26.46 billion from CNY 34.41 billion, indicating a reduction of approximately 23.2%[16] - The net capital to total liabilities ratio improved to 107.00%, up from 76.58% at the end of the previous year[7] - The company's cash and cash equivalents increased to CNY 7.26 billion from CNY 7.12 billion, reflecting a growth of about 1.9%[15] Cash Flow Analysis - The company reported a net cash flow from operating activities of CNY 330,094,364.62, a slight decrease of 1.63% from CNY 335,549,013.31 in the previous year[5] - Cash flow from operating activities generated a net inflow of ¥330.09 million in Q1 2025, slightly down from ¥335.55 million in Q1 2024[23] - Cash flow from investing activities showed a net outflow of ¥3.21 million in Q1 2025, an improvement from a net outflow of ¥7.90 million in Q1 2024[23] - Cash flow from financing activities resulted in a net outflow of ¥191.02 million in Q1 2025, compared to a net outflow of ¥582.52 million in Q1 2024, indicating a reduction in cash outflow[23] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 84,337[10] - The top three shareholders held a combined 62.20% of the total shares, with Yunnan Hehe (Group) Co., Ltd. holding 30.17%[10] Operational Insights - The company is focusing on market expansion strategies, although specific details were not disclosed in the report[15] - The company has not reported any new product launches or technological advancements during this period[15] - The company is involved in ongoing litigation related to stock pledge disputes, which may impact future financial performance[13] Investment and Income - Investment income surged to ¥359.92 million in Q1 2025, up from ¥121.31 million in Q1 2024, marking an increase of 196%[18] - Net interest income decreased to ¥79.51 million in Q1 2025 from ¥105.47 million in Q1 2024, reflecting a decline of approximately 25%[18] - Total operating expenses decreased to ¥182.55 million in Q1 2025, down 24% from ¥239.32 million in Q1 2024[19] Other Financial Metrics - The weighted average return on equity improved to 1.20%, an increase of 0.69 percentage points compared to 0.51% last year[6] - Non-recurring gains and losses amounted to CNY 603,774.93 after tax adjustments[7] - The company's short-term financing payables rose to CNY 4.03 billion from CNY 3.06 billion, marking an increase of approximately 31.7%[16] - The trading financial assets decreased significantly to CNY 11.98 billion from CNY 15.96 billion, a decline of about 25.0%[16]

Core Viewpoint - Hongta Securities announced the implementation of its 2024 annual profit distribution plan, which includes a cash dividend of 0.103 CNY per share, approved at the shareholders' meeting on April 21, 2025 [2][4]. Distribution Details - The cash dividend of 0.103 CNY per share will be distributed to all shareholders registered with China Securities Depository and Clearing Corporation Limited, Shanghai Branch, as of the close of trading on the record date [3][4]. - The total cash dividend payout amounts to approximately 485.83 million CNY, based on the company's total share capital of 4,716,787,742 shares [4]. Implementation Method - The cash dividends will be distributed through the clearing system of China Securities Depository and Clearing Corporation Limited, with shareholders who have completed designated transactions able to receive their dividends on the payment date [5]. - For shareholders who have not completed designated transactions, the dividends will be held by China Securities Depository and Clearing Corporation Limited until the transactions are completed [5]. Taxation Information - Individual shareholders holding shares for over one year will be exempt from personal income tax on dividend income, while those holding for one year or less will have taxes calculated upon the sale of shares [9]. - For qualified foreign institutional investors (QFII), a 10% withholding tax will apply, resulting in a net dividend of 0.0927 CNY per share after tax [10][11].

Core Insights - The performance of listed securities firms in Q1 2025 shows significant growth, with over 70% of firms reporting increases in both revenue and net profit, indicating a potential new upward cycle for the securities industry [2][3] Group 1: Financial Performance - Total revenue for 42 listed securities firms reached 125.93 billion yuan, a year-on-year increase of 27.6%, while net profit attributable to shareholders was 52.18 billion yuan, up 83.48% [3] - CITIC Securities led the revenue rankings with 17.76 billion yuan, followed by the merged Guotai Junan and Haitong Securities at 11.77 billion yuan, and Huatai Securities at 8.23 billion yuan [3] - Over 70% of firms reported revenue growth, with Guolian Minsheng Securities showing the highest increase at 800.98% [3][4] Group 2: Profitability - More than 80% of securities firms experienced year-on-year net profit growth, with Northeast Securities showing the most significant increase at 859.84% [4] - Guotai Junan Securities achieved a net profit of 12.24 billion yuan, surpassing CITIC Securities, making it the only firm to exceed 10 billion yuan in net profit for the quarter [3][4] Group 3: Revenue Structure - Proprietary trading and brokerage services accounted for nearly 65% of total revenue, with net income from proprietary trading and brokerage services increasing by 51.02% and 48.70%, respectively [5] - 17 firms reported brokerage service net income growth exceeding 50%, with Guolian Minsheng Securities leading at 333.69% [5] Group 4: Market Conditions - The A-share market saw a significant increase in trading volume and new account openings, with 7.47 million new accounts opened in Q1 2025, a 31.7% increase from the previous year [6] - The average daily trading volume reached 1.7 trillion yuan, a 70% year-on-year increase, indicating a robust market environment [6] Group 5: Future Outlook - Analysts expect the securities industry to maintain a high level of prosperity in 2025, driven by high trading volumes and a recovering capital market [7] - The industry is anticipated to enter a new upward cycle, supported by ongoing policy initiatives and improving market sentiment [7]