2025年3月28日， 中原证券 股份有限公司（以下简称"中原证券"）发布2024年年度报告。报告期内，公 司实现营业收入1,689,925,164.42元，同比减少14.13%；归属于母公司股东的净利润为245,847,400.51 元，同比增长16.18%。值得注意的是，公司其他 综合 收益为14,354,440.33元，较去年同期大增 1,759.80%。 关键财务指标分析 盈利能力指标 营业收入：2024年公司营业收入为1,689,925,164.42元，较2023年的1,968,016,572.87元减少 278,091,408.45元，降幅达14.13%。主要原因是本期投资收益和公允价值变动收益减少。从业务分部来 看，自营业务收入减少6.37亿元，投资 银行 业务收入减少0.37亿元，而证券经纪业务收入增加1.63亿 元。 净利润：归属于母公司股东的净利润为245,847,400.51元，较2023年的211,601,553.51元增长34,245,847 元，增幅为16.18%。这主要得益于本期证券经纪业务收入增加及业务及管理费减少。 扣非净利润：归属于母公司股东的扣除非经常性损益的净利润为20 ...

2024年度 環境、社會及管治報告 合 規 · 誠 信 · 專 業 · 穩 健 COMPLIANCE SINCERITY MAJOR STEAD Y 地址：中國河南省鄭州市鄭東新區商務外環路10號(郵編:450018) 電話：0371-69177590 傳真：0371-86505911 網址：investor@ccnew.com ENVIRONMENTAL,SOCIAL AND GOVERNANCE REPORT | | 關於本報告 | 01 | | --- | --- | --- | | | 董事長致辭 | 03 | | | 走進中州证券 | 05 | | 目 錄 | ESG/社會責任管理 CONTENTS | 10 | | 專題 | 15 | | --- | --- | | 金融活水助騰飛 | | | 攜手共赴新未來 | | | 聚焦主責主業，助力實體經濟 | 15 | | 金融為民，不忘初心 | 18 | | 金融智變，科技領航 | 22 | 01 治理為本，行穩致遠 25 優化治理，提升效能 厚植文化，凝聚力量 投資者關係管理 嚴守合規，穩控風險 恪守道德，塑造品牌 27 29 30 31 36 | ...

Financial Performance - The company reported a net capital of RMB 9,468,635,644.80 at the end of the reporting period, an increase of 9.3% from RMB 8,651,125,530.23 at the end of the previous year[20]. - The company's operating revenue for 2024 was CNY 1,689,925,164.42, a decrease of 14.13% compared to CNY 1,968,016,572.87 in 2023[47]. - Net profit attributable to shareholders for 2024 increased by 16.18% to CNY 245,847,400.51 from CNY 211,601,553.51 in 2023[47]. - The total assets at the end of 2024 were CNY 51,614,348,080.07, a slight decrease of 0.17% from CNY 51,701,683,772.46 in 2023[47]. - The company's net capital increased to CNY 9,468,635,644.80 at the end of the reporting period, up from CNY 8,651,125,530.23 at the end of the previous year[49]. - Basic earnings per share for 2024 were CNY 0.0530, reflecting a 16.23% increase from CNY 0.0456 in 2023[48]. - The total equity attributable to shareholders increased to CNY 14,060,235,023.57 at the end of 2024, up 1.13% from CNY 13,902,762,596.08 in 2023[47]. - The company's cash and cash equivalents increased by 44.34% year-over-year, reaching CNY 14,400,984,039.97[57]. - The company's total operating revenue decreased by 14.13% to RMB 1.69 billion, with securities brokerage business revenue increasing by RMB 163 million to RMB 815 million[123]. Risk Management - The company emphasizes that its business performance is highly correlated with domestic and international economic conditions and capital market status, which may impact its operating results[9]. - The company has established a comprehensive risk management system to ensure operations are conducted within manageable risk levels[11]. - The company plans to maintain its focus on risk management and compliance to mitigate potential operational risks[11]. - The company has tightened credit risk management by refining access management for stock pledge financing and credit bond investment standards[167]. - The company has established a multi-level risk control indicator monitoring and evaluation system to manage market risks effectively[169]. - The company has improved its risk identification and monitoring mechanisms for investment strategies[170]. - The company has established a three-tier decision-making system to enhance credit risk management[167]. Business Operations and Strategy - The company has established a strong presence in the financial services sector, with qualifications for various trading and brokerage activities, enhancing its market competitiveness[21][24][25]. - The company aims to enhance its service capabilities for small and medium-sized enterprises and high-tech companies in Henan Province, focusing on direct financing and reducing financing costs[69]. - The company plans to expand its asset management business by advancing into ETF and public fund sectors while maintaining a solid "fixed income+" foundation[74]. - The company is focused on optimizing the performance of existing business departments to drive revenue growth[43]. - The company is actively pursuing a strategic transformation to become a leading modern investment bank in the region[62]. - The company aims to enhance its internal management capabilities and streamline operations to improve overall efficiency and effectiveness[162]. Corporate Governance - The company is committed to enhancing its corporate governance and has complied with all provisions of the Corporate Governance Code[187]. - The company has a clear plan for future governance improvements and compliance with regulatory requirements[187]. - The company maintains independence from its controlling shareholder, with no interference in decision-making or operations during the reporting period[188]. - The company has established a performance assessment and incentive system for senior management, including a performance assessment implementation plan for 2023[187]. - The total pre-tax remuneration for the chairman was RMB 554,500, while independent directors received RMB 250,000 each[192]. Market Expansion and Client Engagement - The company is exploring potential acquisitions to further strengthen its market position, with a budget of $100 million allocated for this purpose[197]. - Market expansion efforts have led to a 20% increase in market share in the Asia-Pacific region[197]. - The company is actively working to strengthen its presence in both A-share and Hong Kong capital markets, enhancing service offerings for clients[114]. - The company aims to optimize its asset allocation structure and expand its bond sales business in 2025[84]. - The company is focusing on the strategic development of the Henan capital market, leveraging its position as a key financial entity in the region[111]. Financial Products and Services - The company has a diverse range of subsidiaries with qualifications in futures brokerage, private equity investment, and securities trading, indicating a broad service offering[26]. - The company achieved a 4.6% year-on-year growth in market share for equity funds[63]. - The company's wealth management business revenue surged by 354%, with financial product sales exceeding CNY 10 billion[63]. - The company plans to implement four strategic initiatives: professionalization, integration, platformization, and base construction, to drive development[158]. - The company is committed to building a diversified financial product and service system to better serve various market participants[155]. Technology and Innovation - The company is investing $50 million in R&D for new technologies aimed at enhancing user experience[197]. - The company is focusing on enhancing its investment banking capabilities and wealth management skills in response to regulatory changes in the industry[154]. - The company will leverage technology, such as artificial intelligence and big data, to enhance business development and operational efficiency[159]. Operational Efficiency - The company has reduced operational costs by 5%, resulting in improved profit margins[197]. - The company reported a significant increase in other operating income, which rose by 485.53% to RMB 367 million, primarily from the disposal of debt assets[119]. - The company is committed to improving its asset management quality by developing a "fixed income plus" product layout to meet client needs[164].

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。 Central China Securities Co., Ltd. （2002年於中華人民共和國河南省成立的股份有限公司，中文公司名稱為「中原証券股份有限公司」， 在香港以「中州証券」名義開展業務） （股份代號：01375） 董事會召開日期 中原證券股份有限公司（「本公司」）之董事（「董事」）會（「董事會」）謹此宣佈， 本公司將於二零二五年四月二十九日（星期二）舉行董事會會議，其中議程包 括審議及批准本公司及其附屬公司截至二零二五年三月三十一日止三個月之 第一季度業績及其刊發。 承董事會命 中原證券股份有限公司 董事長 魯智禮 中國，河南 2025年4月15日 於本公告日期，董事會包括執行董事魯智禮先生；非執行董事李興佳先生、張秋雲女士、 唐進先生及田聖春先生；獨立非執行董事陳志勇先生、曾崧先生及賀俊先生。 ...

中原证券（601375）股份有限公司刘智近期对宗申动力（001696）进行研究并发布了研究报告《2024年报 点评：传统主业巩固优势，新能源、低空经济业务蓄势待发》，首次覆盖宗申动力给予增持评级。 宗申动力 投资要点： 宗申动力于31日晚间发布2024年年度报告，公司实现营业总收入105.06亿元，较上年同期增长28.89%；实 现归母净利润4.61亿元，较上年同期增长27.45%；拟每10股派2.00元现金(含税)，合计分配现金分红总额 约2.29亿元，占2024年度归属于上市公司股东净利润的比例为49.64%。 业绩高增长，通用机械、摩托车业务巩固优势地位 2024年公司营业总收入105.06亿元，同比增长28.89%；实现归母净利润4.61亿元，同比增长27.45%；扣非 归母净利润4.42亿，同比增长42.92%。 其中第四季度公司营业收入为31.02亿元，同比增长36.39%；扣非归母净利润为0.74亿元，去年同期扣非 归母净利润亏损0.51亿。 2024年报分业务看： 1)通用机械：公司通用动力和终端产品销售合计483.45万台，同比增长37.34%；实现营业总收入52.26亿 元，同比增长35. ...

4月8日，中原证券在上证路演中心召开了2024年度业绩发布会。投资者普遍关注人均薪酬、分红安排等热点问题。从年报数据来看，中原证券2024年实现营 业收入16.90亿元，同比下降14.13%；但凭借经纪业务的强劲增长及有效的成本控制，归属于母公司股东的净利润逆势上扬至2.46亿元，同比增长16.18%。 经纪业务独挑大梁 细分业务来看，2024年中原证券整体呈现出"经纪增，投行、自营承压"的格局。其中，经纪业务表现尤为突出，全年实现收入8.15亿元，同比增加1.63亿 元，增幅达25%。该业务亮眼表现得益于2024年四季度A股市场交投活跃，带动代理买卖证券手续费收入大幅增长，成为拉动公司整体业绩的主引擎。 | 项目 | | | | | 2024 年度 | | | --- | --- | --- | --- | --- | --- | --- | | | 证券经纪业务 | 自营业务 | 投资银行业务 | 信用业务 | 投资管理业务 | 期货 | | 一、营业收入 | 81,469.49 | -8,449.51 | 4,782.82 | 41,212.72 | 15,375.78 | 40,5 | | 手续费及佣 ...

本次交易完成后，原公司控股股东、实际控制人何文辉持有上市公司11,963,918股股份(占上市公司总股 本的10.56%)，不再拥有上市公司任何表决权，不再系上市公司控股股东、实际控制人，其亦承诺不会 以任何方式谋求上市公司控制权。北京欣欣持有上市公司13,589,649股股份(占上市公司总股本的 12.00%)，合计拥有上市公司20,384,473股股份(占上市公司总股本的18.00%)对应的表决权，成为上市公 司控股股东，上市公司实际控制人变更为收购方北京欣欣的共同实际控制人何凡、蒋利顺、董津。 太和水昨晚披露的关于股东权益变动暨控制权拟发生变更的提示性公告显示，公司于2025年4月7日分别 收到公司控股股东、实际控制人何文辉以及第三方北京欣欣炫灿科技中心(有限合伙)(以下简称"北京欣 欣")的书面通知，何文辉与北京欣欣于2025年4月7日签署了《股份转让协议》、《表决权委托及放弃协 议》，何文辉拟通过协议转让的方式以每股29.18元的价格向北京欣欣转让太和水无限售流通股 13,589,649股，占太和水总股本的12.00%，转让总价为396,545,958元(以下简称"本次股份转让")。自本 次股份转让 ...

致：香港交易及結算所有限公司 FF301 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年3月31日 狀態: 新提交 公司名稱: 中原证劵股份有限公司 (「本公司」) 呈交日期: 2025年4月7日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | H | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 01375 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 1,195,365,000 | RMB | | 1 RMB | | 1,195,365,000 | | 增加 / 減少 (-) | | | 0 | | | RMB | | 0 | | 本月底結存 | | | 1,195,365,000 | RMB | | 1 RMB | | 1,195,365,000 | | 2. 股份分類 | ...

中原证券（601375）股份有限公司顾敏豪近期对盐湖股份（000792）进行研究并发布了研究报告《年报点评：钾锂价 格回落导致业绩下滑，未来行景气有望回暖》，首次覆盖盐湖股份给予增持评级。 盐湖股份 盈利预测与投资评级：预计公司2025、2026年EPS为1.04元和1.18元，以3月31日收盘价16.56元计算，PE分别为15.93 倍和14.07倍。考虑到钾肥和锂电池行业发展前景与公司的行业地位，给予公司"增持"的投资评级。 风险提示：需求不及预期、产品价格下跌、新项目进展不及预期 证券之星数据中心根据近三年发布的研报数据计算，东北证券喻杰研究员团队对该股研究较为深入，近三年预测准确 度均值为77.89%，其预测2025年度归属净利润为盈利55.94亿，根据现价换算的预测PE为16.16。 最新盈利预测明细如下： 事件：公司公布2024年年报，2024年公司实现营业收入151.34亿元，同比下滑29.86%，实现归属母公司的净利润46.63 亿元，同比下滑41.07%，扣非后的归母净利润44.01亿元，同比下滑49.56%，基本每股收益0.88元。公司同时公布一 季度业绩预告，预计2025年一季度实现净利 ...

Core Viewpoint - Sifang New Materials (四方新材) announced a plan for major shareholders to reduce their holdings due to personal financial needs, indicating potential liquidity issues within the company [1] Group 1: Shareholder Actions - Major shareholders, including directors and senior management, plan to sell a total of up to 245,000 shares within three months, with each individual not exceeding 25% of their holdings [1] - Specific shareholdings include: Xie Tao with 420,000 shares (0.24% of total), Jiang Hongbo with 280,000 shares (0.16%), and Zhang Wei with 280,000 shares (0.16%) [1] Group 2: Financial Performance and Projections - Sifang New Materials reported a projected net loss for 2024 between 152.94 million yuan and 229.41 million yuan, a significant decline compared to the previous year's profit of 12.96 million yuan [3] - The expected revenue for 2024 is approximately 1.41 billion yuan, reflecting a year-on-year decrease of 28.92% [3] - The company’s net profit for 2023 was 12.96 million yuan, with a non-recurring profit of 9.61 million yuan [3] Group 3: Initial Public Offering (IPO) Details - The company raised a total of 1.32 billion yuan from its IPO, with a net amount of 1.24 billion yuan after deducting issuance costs [2] - The IPO costs totaled approximately 89.87 million yuan, with underwriting fees accounting for 77.33 million yuan [3] - Sifang New Materials was listed on the Shanghai Stock Exchange on March 10, 2021, with an initial offering price of 42.88 yuan per share [1]