中原证券股份有限公司 第七届董事会第四十一次会议决议公告 中原证券股份有限公司（以下简称"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。 公司第七届董事会第四十一次会议于 2025 年 12 月 31 日以通讯表决方式召 开。2025 年 12 月 22 日，公司以电子邮件的形式向全体董事发出会议通知。会 议应出席董事 11 人，实际出席董事 11 人。本次会议的召集、召开及表决程序符 合《公司法》等法律、行政法规、部门规章和《公司章程》的有关规定。本次会 议由董事长张秋云女士主持，审议并通过了以下议案： 证券代码： 601375 证券简称： 中原证券 公告编号：2026-001 战略与可持续发展委员会成员维持现有委员：张秋云（召集人）、李文强、 冯若凡、唐进、田圣春。 （二）审计委员会 补选王辉先生、王慧轩先生、杜晓堂先生、朱军红女士为第七届董事会审计 委员会委员，田圣春先生不再担任审计委员会委员。 调整后，公司第七届董事会审计委员会成员如下：王辉（召集人）、陈志勇、 王慧轩、杜晓堂、朱军红。 （三）薪酬与提名委员会 一 ...

中原证券股份有限公司 董事会薪酬与提名委员会工作规程 第一章 总则 第一条 为规范中原证券股份有限公司(以下简称"公 司"）董事和高级管理人员的提名、薪酬和考核制度,完善 公司治理结构,根据《中华人民共和国公司法》、《中华人 民共和国证券法》、《证券公司监督管理条例》、《证券公 司治理准则》、《上市公司独立董事管理办法》、《上海证 券交易所股票上市规则》、《香港联合交易所有限公司证券 上市规则》(以下简称"香港上市规则")等相关法律法规、 规范性文件及《中原证券股份有限公司章程》（以下简称"公 司章程"）,公司董事会设立董事会薪酬与提名委员会（以 下简称"薪酬与提名委员会"）,并制定本工作规程。 第二条 薪酬与提名委员会是公司董事会下设的专门机 构,主要负责制定公司董事及高级管理人员的考核标准并进 行考核；负责制定、审查公司董事及高级管理人员的薪酬政 策与方案；对公司董事、高级管理人员的选任程序、标准和 任职资格进行审议并向董事会提出建议，向董事会报告，对 董事会负责。 第二章 人员组成 第三条 薪酬与提名委员会由不少于三名董事组成，其 1 中至少应包含一名不同性别的董事，独立非执行董事应在委 员会成员中过半 ...

中原证券股份有限公司 信息披露事务管理制度 第一章 总 则 第一条 为加强中原证券股份有限公司（以下简称"公 司"）信息披露工作的管理，建立健全信息披露事务管理制 度，提高信息披露事务管理水平和信息披露质量，保护投资 者合法权益，根据《中华人民共和国公司法》《中华人民共 和国证券法》（以下简称《证券法》）《上市公司信息披露 管理办法》《上海证券交易所股票上市规则》（以下简称"上 交所《股票上市规则》"）《上海证券交易所上市公司自律 监管指引第 2 号—信息披露事务管理》，以及香港《公司条 例》《证券及期货条例》《香港联合交易所有限公司证券上 市规则》（以下简称"香港联交所《证券上市规则》"）等 法律、法规和规范性文件的规定，结合《中原证券股份有限 公司章程》（以下简称"公司章程"），制定本制度。 第二条 办公室（董事会办公室）应在董事会审议通过 本制度的五个工作日内，将本制度报公司注册地证券监管局 和上海证券交易所（以下简称"上交所"）备案，并同时在 上交所网站上披露。本制度的修订，应当履行上述所规定的 审议、报备和网上披露程序。 - 1 - 第三条 本制度所称"信息"是指对公司股票及其衍生 品种（以下统称" ...

中原证券股份有限公司 投资者关系管理制度 第一章 总 则 第一条 为规范中原证券股份有限公司(以下简称"公 司")投资者关系管理工作，加强公司与投资者之间的有效 沟通，促进公司完善治理，提高公司质量，切实保护投资者 特别是中小投资者合法权益，根据《中华人民共和国公司法》 《中华人民共和国证券法》《国务院关于进一步提高上市公 司质量的意见》《关于进一步加强资本市场中小投资者合法 权益保护工作的意见》《关于全面推进证券期货纠纷多元化 解机制建设的意见》《上海证券交易所股票上市规则》《上市 公司投资者关系管理工作指引》《香港联合交易所有限公司 证券上市规则》等境内外监管规定和《中原证券股份有限公 司章程》（以下简称"《公司章程》"），结合公司实际情况， 制定本制度。 第二条 本制度适用于公司各部门、分支机构及子公司。 第三条 公司投资者关系管理是指通过便利股东权利行 使、信息披露、互动交流和诉求处理等工作，加强与投资者 及潜在投资者之间的沟通，增进投资者对公司的了解和认同， - 1 - 以提升公司治理水平和企业整体价值，实现尊重投资者、回 报投资者、保护投资者目的的相关活动。 第四条 投资者关系工作的基本原则： （ ...

证券代码：601375 证券简称：中原证券 公告编号：2026-002 中原证券股份有限公司 关于公司独立董事离任的公告 二、 离任对公司的影响 中原证券股份有限公司（以下简称"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。 曾崧先生向公司董事会确认其与公司董事会不存在意见分歧，亦无其它需要 向公司股东、债权人及交易所说明的事项。其辞任不会影响公司董事会依法规范 运作和公司的正常经营。 一、 提前离任的基本情况 曾崧先生在担任公司独立董事期间恪尽职守、勤勉尽职，为推进公司健康发 展和规范运作发挥了积极作用。公司董事会谨对曾崧先生为公司所做出的贡献表 示衷心感谢。 公司董事会于 2025 年 12 月 31 日收到独立董事曾崧先生提交的书面辞职报 告。由于工作原因，曾崧先生申请辞去第七届董事会独立董事和董事会下属专门 委员会委员职务。曾崧先生的离任不会导致公司第七届董事会中独立董事人数少 于董事会成员的三分之一，根据《公司章程》及相关规定，曾崧先生辞职报告自 送达董事会之日起生效。 | | | | 原定任期 | | 是否继续 ...

财经频道更多独家策划、专家专栏，免费查阅>> 责任编辑：钟离 格隆汇12月31日丨中原证券(601375.SH)公布，公司董事会于2025年12月31日收到独立董事曾崧先生提 交的书面辞职报告。由于工作原因，曾崧先生申请辞去第七届董事会独立董事和董事会下属专门委员会 委员职务。曾崧先生的离任不会导致公司第七届董事会中独立董事人数少于董事会成员的三分之一，根 据《公司章程》及相关规定，曾崧先生辞职报告自送达董事会之日起生效。 ...

Investment Rating - The industry is rated as "stronger than the market," indicating an expected increase of over 10% relative to the CSI 300 index in the next six months [17]. Core Views - The A-share market experienced slight fluctuations with a small upward trend, with notable performance in the aerospace, software development, non-ferrous metals, and internet services sectors, while sectors like pharmaceutical commerce, precious metals, shipbuilding, and batteries underperformed [2][3]. - The average price-to-earnings ratios for the Shanghai Composite Index and the ChiNext Index are 16.28 times and 50.28 times, respectively, which are above the median levels of the past three years, suggesting a favorable environment for medium to long-term investments [3][16]. - The recent Central Economic Work Conference emphasized a shift in macro policy focus from total expansion to a balance of quality and sustainability, highlighting future industries such as artificial intelligence, commercial aerospace, quantum technology, and 6G as key investment directions [3][16]. - The market anticipates a continuation of a "moderately loose" domestic monetary policy, with expectations of the Federal Reserve maintaining a rate-cutting cycle in 2026, contributing to a more favorable global liquidity environment [3][16]. - The strengthening of the RMB is expected to enhance the attractiveness of RMB-denominated assets, facilitating capital inflows [3][16]. Summary by Sections A-share Market Overview - On December 31, the A-share market showed a slight upward trend, with the Shanghai Composite Index closing at 3968.84 points, up 0.09%, while the Shenzhen Component Index fell by 0.58% [7][8]. - The total trading volume for the day was 20,659 billion, which is above the median of the past three years [3][7]. Future Market Outlook and Investment Recommendations - The report suggests that investors should closely monitor macroeconomic data, changes in overseas liquidity, and policy developments, with a short-term focus on investment opportunities in aerospace, software development, non-ferrous metals, and internet services sectors [3][16].

Economic Overview - In November 2025, the national industrial added value increased by 4.8% year-on-year, showing a slight decline of 0.1 percentage points from the previous month[11] - The total retail sales of social consumer goods reached 43,898 billion yuan, with a year-on-year growth of 1.3%, a decrease of 1.6 percentage points from the previous month[15] - Fixed asset investment (excluding rural households) decreased by 2.6% year-on-year, with real estate development investment down by 15.9%[18] Henan Province Economic Performance - In November 2025, Henan's industrial added value grew by 8.0% year-on-year, outperforming the national average by 3.2 percentage points[25] - The total retail sales of social consumer goods in Henan reached 269.2 billion yuan, with a year-on-year growth of 4.4%, exceeding the national average by 3.1 percentage points[27] - Fixed asset investment in Henan increased by 4.3% year-on-year, significantly higher than the national average[29] Sector-Specific Insights - In November, the manufacturing sector in Henan saw significant growth, particularly in electronic equipment manufacturing, which grew by 24.9%[26] - The real estate sector in Henan continued to face challenges, with a decline in development investment by 8.5% year-on-year[29] - The retail sector showed strong performance in basic necessities, with food and beverage sales increasing by 19.0% and 13.8% respectively[27] Risks and Challenges - The central economic work conference highlighted the prominent contradiction of strong supply and weak demand, indicating potential risks in economic recovery[24] - Ongoing trade frictions and slower-than-expected policy implementation could further impact economic recovery[34]

Core Insights - The report highlights the steady growth of the animation film industry, with animated films accounting for nearly 50% of total box office revenue in 2025, showcasing a significant shift from a niche category to a major player in the market [36][37] - The gaming industry is also noted for its robust growth, with a focus on AI applications enhancing operational efficiency and product innovation, suggesting a positive outlook for companies in this sector [15][17] - The report emphasizes the importance of policy improvements and technological advancements in driving the performance of various sectors, including media and entertainment, as well as new materials [17][29] Market Performance - The A-share market has shown slight upward movement, with various sectors such as financials, petrochemicals, and aerospace leading the gains, while energy metals and pharmaceuticals lagged behind [6][10][11] - The report indicates that the average P/E ratios for the Shanghai Composite Index and the ChiNext Index are above their three-year median levels, suggesting a favorable environment for medium to long-term investments [9][10] Industry Analysis - The animation film sector has seen a significant increase in box office contributions, with top films like "Nezha 2" and "Zootopia 2" leading the charge, indicating a growing consumer preference for animated content [36][37] - The gaming industry is projected to continue its upward trajectory, driven by a combination of market demand and technological integration, particularly in AI [15][17] - The new materials sector is expected to benefit from increasing demand in manufacturing and technological innovation, with a strong emphasis on sustainable practices [21][29] Investment Recommendations - The report suggests focusing on companies within the gaming and animation sectors that are leveraging AI technologies for growth, as well as those in the new materials industry that are positioned to capitalize on market trends [17][29] - Specific companies such as Jiubite, Perfect World, and Light Media are highlighted as potential investment opportunities due to their strong market positions and growth prospects [17][18]

Market Overview - On December 30, the A-share market opened lower but experienced a slight upward adjustment, with the Shanghai Composite Index facing resistance around 3979 points[2] - The total trading volume for both markets reached 21,617 billion yuan, above the median of the past three years[3] - The Shanghai Composite Index closed at 3965.12 points, unchanged, while the Shenzhen Component Index rose by 0.49% to 13,604.07 points[7] Sector Performance - Key sectors such as robotics, consumer electronics, cultural media, and energy metals performed well, while commercial retail, photovoltaic equipment, wind power equipment, and jewelry sectors lagged[3] - Over 60% of stocks in the two markets declined, with notable gains in industries like electric machinery and energy metals[7] Valuation Metrics - The average price-to-earnings (P/E) ratios for the Shanghai Composite and ChiNext indices are 16.28 times and 50.13 times, respectively, above the median levels of the past three years, indicating a suitable environment for medium to long-term investments[3] - The report emphasizes the importance of monitoring macroeconomic data, changes in overseas liquidity, and policy developments[3] Future Outlook - The central economic work conference has maintained a positive macro policy tone, shifting focus from total expansion to quality and sustainability[3] - The market anticipates that the Federal Reserve will continue its interest rate cut cycle in 2026, contributing to a more accommodative global liquidity environment[3] - The strengthening of the RMB is expected to enhance the attractiveness of RMB-denominated assets, facilitating capital inflows[3]