Core Viewpoint - The company plans to use part of the excess raised funds to permanently supplement its working capital, which is expected to enhance the efficiency of fund utilization and align with the interests of all shareholders [6]. Fundraising Overview - The company raised a total of RMB 537,839,000.00 from its initial public offering, with a net amount of RMB 469,051,085.05 after deducting issuance costs [1]. - The funds were deposited into a special account approved by the board of directors, and a tripartite supervision agreement was signed with the bank [2]. Investment Project Details - The total investment for the children's book development and copyright reserve project is RMB 31,000,000.00, with the entire amount funded by the raised capital [2]. - As of June 30, 2025, all funds from the initial public offering have been fully utilized for the investment projects [2]. Excess Fund Utilization - The company has approved the use of RMB 47,700,000.00 of excess funds to permanently supplement working capital, which accounts for 29.99% of the total excess funds [3]. - An additional resolution allows for the management of idle excess funds up to RMB 100,000,000.00 within a 12-month period [3]. Current Plan for Excess Fund Usage - The company intends to use RMB 45,000,000.00 of excess funds for permanent working capital, representing 28.29% of the total excess funds, pending shareholder approval [4]. - The cumulative amount used for permanent working capital in the last 12 months does not exceed 30% of the total excess funds [4]. Decision-Making Process - The board of directors and the supervisory board have approved the proposal to use part of the excess funds for working capital, which will be submitted for shareholder approval [5]. - The supervisory board confirmed that this use of funds does not conflict with the investment project implementation and does not harm the interests of shareholders [5]. Sponsor's Verification Opinion - The sponsor has verified that the decision to use part of the excess funds for working capital has followed necessary approval procedures and complies with relevant regulations [6]. - The sponsor believes this action will improve fund utilization efficiency and is in the best interest of all shareholders [6].

Group 1 - Wang Xiaogang resigned from his position as Deputy General Manager of Zhongyuan Securities due to a job change, as he was appointed as Deputy General Manager of Zhongyuan Trust [1][3] - Wang has a long career within the Zhongyuan system, having held various management positions since the establishment of Zhongyuan Securities in 2002, including roles in brokerage, wealth management, and asset management [3][4] - His departure is part of an internal personnel adjustment within the Zhongyuan system, as both Zhongyuan Securities and Zhongyuan Trust are controlled by the Henan Investment Group [4] Group 2 - Zhongyuan Securities is facing challenges in its business layout and revenue performance, particularly in its investment banking and asset management sectors, which have seen significant declines in revenue [5][7] - The brokerage business remains the main revenue driver, with net income from brokerage fees reaching CNY 643 million in 2024, a year-on-year increase of 20.88%, but this reliance on market fluctuations raises concerns about business resilience [5][7] - The company has implemented strong cost control measures, reducing operating expenses from CNY 18.04 billion in 2021 to CNY 11.43 billion in 2024, and decreasing average employee compensation from CNY 487,300 to CNY 272,500 during the same period [7][13]

分析师：张刚 登记编码：S0730511010001 zhanggang@ccnew.com 021-50586990 晨会聚焦 | 国内市场表现 | | | | | | --- | --- | --- | --- | --- | | 指数名称 | | 昨日收盘价 | | 涨跌幅(%) | | 上证指数 | | 3,868.38 | | -0.39 | | 深证成指 | | 12,473.17 | 0.26 | | | 创业板指 | | 2,022.77 | | -0.47 | | 沪深 | 300 | 4,452.59 | | -0.37 | | 上证 | 50 | 2,443.97 | | -0.52 | | 科创 | 50 | 891.46 | | 0.14 | | 创业板 | 50 | 1,924.26 | | -0.67 | | 中证 | 100 | 4,217.08 | | -0.33 | | 中证 | 500 | 6,964.07 | 0.18 | | | 中证 | 1000 | 6,116.76 | 0.33 | | | 国证 | 2000 | 7,801.23 | 0.58 | | | 资料 ...

Group 1 - The stock price of Zhongyuan Securities as of August 26, 2025, is 4.75 yuan, down 0.06 yuan from the previous trading day's closing price, representing a decline of 1.25% [1] - The company opened at 4.78 yuan, reached a high of 4.81 yuan, and a low of 4.73 yuan on the same day, with a trading volume of 873,055 hands and a transaction amount of 416 million yuan [1] - Zhongyuan Securities is located in Henan Province and its main business includes securities brokerage, investment consulting, underwriting, and sponsorship [1] Group 2 - On August 26, 2025, the company announced that Vice General Manager Wang Xiaogang resigned due to work-related changes, effective from the date the report was delivered to the board of directors, and this resignation will not affect the normal operations of the company [1] - The net outflow of main funds for Zhongyuan Securities on that day was 45.12 million yuan, accounting for 0.28% of the circulating market value [1] - Over the past five days, the net outflow of main funds totaled 120.90 million yuan, representing 0.74% of the circulating market value [1]

Group 1 - The report indicates that Tianfeng Securities and Zhongyuan Securities have successfully completed their sponsorship duties for Henan Xinning Modern Logistics Co., Ltd, with no instances of failing to review information disclosure documents [1][2] - The company has established and effectively executed regulations to prevent related parties from occupying company resources, manage fundraising, and maintain internal controls [1][2] - The sponsorship institutions attended the company's shareholder meetings twice and board meetings three times, ensuring oversight and compliance with relevant documents [1][2] Group 2 - There were no significant issues identified during the sponsorship process, and no measures were required to address any problems [1][2] - The company and its shareholders have fulfilled their commitments without any unfulfilled obligations reported [1][2] - The report does not indicate any matters requiring attention or further action [1][2]

Group 1 - Zhongyuan Securities announced the resignation of Wang Xiaogang from the positions of Deputy General Manager and Executive Committee Member due to work changes, effective from August 26, 2025 [1] - The resignation will not affect the normal operations of the company, and Wang Xiaogang confirmed that there are no disagreements with the board of directors [2]

中州证券(01375)发布公告，根据河南省人民政府《关于王晓刚职务任免的通知》(豫政任[2025]110号)， 因工作变动原因，王晓刚先生于2025年8月26日向董事会提交了辞职报告，申请辞去公司副总经理、执 行委员会委员职务。 ...

Group 1 - The Henan Provincial Government has announced a series of personnel appointments and removals within various state-owned enterprises and institutions [1][3][4][5][7][8][9][11][12][13] - Qin Ling has been appointed as the Chairman of China Henan International Cooperation Group Co., Ltd., while being relieved of his position as General Manager and Vice Chairman of Henan State-owned Capital Operation Group Co., Ltd. [1] - Several executives have been appointed and removed in the restructuring of China Henan International Cooperation Group Co., Ltd., including Cheng Jian as General Manager and Vice Chairman, and Xie Hui as Vice General Manager [9] Group 2 - Tang Heng has been appointed as the Deputy Director of the Henan Provincial Market Supervision Administration, replacing the former Chief Inspector [3] - Zhang Hongwei has taken on the role of Director of the Yudongnan High-tech Industrial Development Zone Management Committee, succeeding Cai Songtao [4] - Liu Linxia has been appointed as the Deputy General Manager of Zhongyuan Asset Management Co., Ltd., following the reorganization of Henan Provincial Natural Resources Investment Group Co., Ltd. [5] Group 3 - Wang Xiaogang has been appointed as the Deputy General Manager of Zhongyuan Trust Co., Ltd., while being relieved of his position at Zhongyuan Securities Co., Ltd. [7] - Yin Tao has been appointed as the Deputy General Manager of Zhongyuan Re-guarantee Group Co., Ltd., with his previous role at China Henan Cooperation Group Co., Ltd. being eliminated due to restructuring [8] - Ma Yuxia has been appointed as the President of Huanghuai College, succeeding the former President of Zhengzhou Railway Vocational and Technical College [12]

智通财经APP讯，中州证券(01375)发布公告，根据河南省人民政府《关于王晓刚职务任免的通知》(豫 政任[2025]110号)，因工作变动原因，王晓刚先生于2025年8月26日向董事会提交了辞职报告，申请辞去 公司副总经理、执行委员会委员职务。 ...

中原证券股份有限公司 王晓刚先生自担任公司高级管理人员以来，始终恪尽职守、锐意进取、勤勉 尽责，公司及公司董事会对王晓刚先生担任公司副总经理、执行委员会委员期间 为公司经营发展所做的积极贡献表示衷心感谢。 特此公告。 证券代码： 601375 证券简称： 中原证券 公告编号：2025-024 关于高级管理人员辞职的公告 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。 根据河南省人民政府《关于王晓刚职务任免的通知》（豫政任〔2025〕110 号），因工作变动原因，王晓刚先生于 2025 年 8 月 26 日向公司董事会提交了辞 职报告，申请辞去公司副总经理、执行委员会委员职务。该报告自送达董事会之 日起生效,其辞职不会影响公司的正常经营。王晓刚先生确认与公司董事会不存 在意见分歧。 | 姓名 | | | | 原定任期到 | 离任 | 是否继续在上 | 是否存在未 | | --- | --- | --- | --- | --- | --- | --- | --- | | | 离任职务 | 离任时 ...