证券代码：601377 证券简称：兴业证券 公告编号：临 2024-038 兴业证券股份有限公司 关于兴证国际金融集团有限公司为其附属公司 提供担保的公告 本公司及董事会全体成员保证公告内容不存在虚假记载、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个别及连带责任。 重要内容提示: 一、担保情况概述 （一）担保基本情况 （一）被担保人及其财务状况概述 1、公司名称：CISI Investment Limited 2、成立日期：2016 年 5 月 11 日 3、注册地：英属维尔京群岛 4、办公地点：香港上环德辅道中 199 号无限极广场 32 楼 5、注册资本：250 万美元 6、主营业务：自营投资 7、最新信用等级状况：不适用 8、财务状况： 1 被担保人名称：CISI Investment Limited 本次担保金额及已实际为其提供的担保余额：本次担保金额不超过 2 亿 美元。本次担保实施后，兴证国际金融集团有限公司为上述被担保人提 供的担保总额为 18.51 亿美元，担保余额为 7.58 亿美元。 本次担保是否有反担保：无 对外担保逾期的累计数量：无 特别风险提示：被担保方 CIS ...

本次股东大会的具体安排详见公司同日于上海证券交易所网站披露的《兴业 证券关于召开 2024 年第二次临时股东大会的通知》以及股东大会资料。 特此公告。 兴业证券股份有限公司（以下简称"公司"）第六届董事会第二十七次会议 于 2024 年 11 月 26 日以电子邮件方式发出会议通知，于 2024 年 11 月 29 日以通 讯方式召开。公司现有董事 9 名，全体董事参加会议。会议的召集、召开及表决 程序符合《公司法》及《兴业证券股份有限公司章程》的相关规定。 本次会议审议通过了《关于召开兴业证券股份有限公司 2024 年第二次临时 股东大会的议案》。 表决结果：同意 9 票；反对 0 票；弃权 0 票。 证券代码：601377 证券简称：兴业证券 公告编号：临 2024-036 兴业证券股份有限公司 第六届董事会第二十七次会议决议公告 本公司及董事会全体成员保证公告内容不存在虚假记载、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个别及连带责任。 兴业证券股份有限公司 董 事 会 1 二○二四年十一月三十日 ...

证券代码：601377 证券简称：兴业证券 公告编号：临 2024-037 兴业证券股份有限公司 关于召开 2024 年第二次临时股东大会的通知 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。 重要内容提示： ●股东大会召开日期：2024年12月16日 ●本次股东大会采用的网络投票系统：上海证券交易所股东大会网络投票系 统 一、召开会议的基本情况 （一）股东大会类型和届次 2024 年第二次临时股东大会 （二）股东大会召集人：董事会 采用上海证券交易所网络投票系统，通过交易系统投票平台的投票时间为股 东大会召开当日的交易时间段，即 9:15-9:25,9:30-11:30，13:00-15:00；通过 （三）投票方式：本次股东大会所采用的表决方式是现场投票和网络投票相 结合的方式 （四）现场会议召开的日期、时间和地点 召开的日期时间：2024 年 12 月 16 日 14 点 30 分 召开地点：福建 省 福 州市 鼓 楼区 湖 东 路 268 号兴 业 证券 大 厦 9 楼 会 议室 （五）网络投票的系统、起止日期和投票时间 ...

兴业证券股份有限公司 （SH601377） 2024 年第二次临时股东大会资料 2024 年 12 月 16 日 2024 年第二次临时股东大会资料之会议议程 兴业证券股份有限公司 2024 年第二次临时股东大会议程 会议时间： 现场会议时间：2024 年 12 月 16 日 14:30 网络投票时间：采用上海证券交易所网络投票系统。通过交 易系统投票平台的投票时间为股东大会召开当日的交易时间段， 即 9:15-9:25，9:30-11:30，13:00-15:00；通过互联网投票平台 的投票时间为股东大会召开当日的 9:15-15:00 会议地点： 福建省福州市鼓楼区湖东路 268 号兴业证券大厦 9 楼会议 室 会议召集人：公司董事会 会议主持人：杨华辉董事长 会议议程： 1 一、主持人宣布会议开始 二、宣布股东大会现场出席情况 三、审议议案（含股东发言提问环节） 四、推选监票人和计票人 五、投票表决 六、宣布投票结果 七、律师见证 八、主持人宣布会议结束 2024 年第二次临时股东大会资料之会议须知 股东发言时应首先报告姓名或代表的股东和所持有的股份 兴业证券股份有限公司 2024 年第二次临时股东大会 ...

兴业证券股份有限公司 证券代码：601377 证券简称：兴业证券 公告编号：临 2024-035 1 兴业证券股份有限公司 董 事 会 第六届董事会第二十六次会议决议公告 本公司及董事会全体成员保证公告内容不存在虚假记载、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个别及连带责任。 兴业证券股份有限公司（以下简称"公司"）第六届董事会第二十六次会议 于 2024 年 11 月 15 日以电子邮件方式发出会议通知，于 2024 年 11 月 27 日以通 讯方式召开。公司现有董事 9 名，全体董事参加会议。会议的召集、召开及表决 程序符合《公司法》及《兴业证券股份有限公司章程》的相关规定。 本次会议审议通过了《关于变更合规总监的议案》。 公司副总裁郑城美先生因工作需要，向董事会申请不再兼任公司合规总监职 务。经董事会薪酬与考核委员会提名，董事会同意聘任林兴先生为公司合规总监， 任期至第六届董事会任期届满之日止。林兴先生将在取得监管认可后正式履任合 规总监，在此之前，仍由郑城美先生履行合规总监职责。 林兴先生未持有本公司股票，与公司其他董事、监事、高级管理人员、实际 控制人及持股 5%以上股东 ...

证券代码：601377 证券简称：兴业证券 公告编号：临 2024-033 兴业证券股份有限公司职工代表监事选举结果公告 本公司及监事会全体成员保证公告内容不存在虚假记载、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个别及连带责任。 监 事 会 二○二四年十一月二十七日 附：赵建辉先生简历 赵建辉，男，汉族，1975 年 9 月生，中国国籍，硕士。赵建辉先生现任兴 业证券合规管理部副总经理。赵建辉先生 2001 年加入兴业证券，曾任兴业证券 合规与风险管理部副总经理、风险管理部副总经理、合规法务部副总经理、合规 管理部副总经理、证券金融部副总经理（主持工作）。 近日，兴业证券股份有限公司（以下简称"公司"或者"兴业证券"）召开 第五届第五次职工代表大会，选举赵建辉先生担任公司监事会职工代表监事，任 期自第五届第五次职工代表大会选举通过之日起至第六届监事会届满之日止。 林兴先生因工作调整不再担任公司职工代表监事。 特此公告。 兴业证券股份有限公司 ...

| 短期融资券名称 | | | 兴业证券股份有限公司 | | | 2024 年度第四期短期融资券 | | | --- | --- | --- | --- | --- | --- | --- | --- | | 短期融资券简称 | 24 | 兴业证券 | | | CP004 | 短期融资券代码 072410241 | | | 发行日 | 2024 | 年 | 11 | 月 25 | 日 | 起息日 2024 年 | 11 月 26 日 | | 兑付日 | 2025 | 年 | 11 | 月 21 | 日 | 期限 360 天 | | | 计划发行总额 | 50 | 亿元 | | | | 实际发行总额 50 亿元 | | | 发行价格 | 100 | 元/张 | | | | 票面利率 1.93% | | 本期发行的相关文件已在中国货币网（www.chinamoney.com.cn）、上海清算 所网站（www.shclearing.com.cn）上刊登。 特此公告。 本公司及董事会全体成员保证公告内容不存在虚假记载、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个别及连带责任。 兴业证券股份有限公 ...

Investment Rating - The report maintains a "Buy" rating for Xingye Securities (601377 SH) with a target price of CNY 8 25 [3][5] Core Views - Xingye Securities' performance rebounded in Q3 2024 with a net profit of CNY 378 million turning from loss to profit [1] - The company's total assets stood at CNY 277 7 billion in Q3 2024 down 4 5% YoY while weighted average ROE increased by 4 16 percentage points to 2 64% [1] - Investment business showed significant recovery with investment net income (including fair value) reaching CNY 2 222 billion in the first three quarters up 165% YoY [1] - Light asset businesses such as brokerage and investment banking were impacted by market downturns with Q3 brokerage net income down 28% YoY and investment banking net income down 7% YoY [1] - The company is expected to benefit from policy support for capital market revitalization with projected net profits of CNY 2 35 billion and CNY 2 98 billion for 2024 and 2025 respectively [5] Business Performance Summary Heavy Asset Business - Investment net income (including fair value) reached CNY 2 222 billion in the first three quarters of 2024 up 165% YoY with Q3 contributing CNY 1 033 billion [1] - Interest net income in Q3 was CNY 284 million down 34% YoY while the first three quarters saw a 38 5% decline to CNY 879 million [1] - Margin financing balance at the end of September 2024 was CNY 1 4401 trillion down 9 5% YoY [1] Light Asset Business - Q3 brokerage net income was CNY 387 million down 28% YoY due to a 16% decline in daily market trading volume [1] - Asset management net income in Q3 was CNY 40 million flat YoY with non monetary fund sizes of Xingquan Fund and Southern Fund at CNY 279 2 billion and CNY 695 9 billion respectively [1] - Investment banking net income in Q3 was CNY 179 million down 7% YoY with total equity underwriting of CNY 233 million down 84% YoY [1] Financial Forecasts - Revenue is expected to grow by 7 1% in 2024 and 18 1% in 2025 reaching CNY 13 44 billion [2][7] - Net profit attributable to shareholders is projected to increase by 19 4% in 2024 and 27 2% in 2025 reaching CNY 2 981 billion [2][7] - EPS is forecasted to be CNY 0 27 in 2024 and CNY 0 35 in 2025 [2][7] - The company's P/E ratio is expected to be 25 16x in 2024 and 19 78x in 2025 [2][7] Market Assumptions - Daily market trading volume is expected to increase by 5% in 2024 and 10% in 2025 [6] - Margin financing balance is projected to reach CNY 1 7006 trillion in 2024 and CNY 1 7628 trillion in 2025 [6] - Equity financing volume is expected to decline by 50% in 2024 but rebound by 12% in 2025 [6] - The CSI 300 index is forecasted to yield 15% in 2024 and 20% in 2025 [6] Peer Comparison - Xingye Securities' 2024E P/B ratio of 1 06x is lower than peers such as Orient Securities (1 36x) and Founder Securities (1 23x) [8] - The company's 2024E ROE of 3 9% is below that of Zhejiang Securities (6 4%) but higher than Soochow Securities (2 3%) [8] Valuation - The report values Xingye Securities at 1 2x P/B for 2025 based on its historical valuation range of 1 3x P/B since 2019 [5]

Group 1: Financial Performance - The company achieved an operating income of 8.811 billion yuan and a net profit attributable to shareholders of 1.32 billion yuan in the first three quarters of the year [1] - In the third quarter, the company reported an operating income of 3.419 billion yuan, representing a year-on-year growth of 78.26% [1] Group 2: Investment Strategies - In fixed income investment, the company aims to manage risk while gradually increasing the scale of low-risk assets to create stable investment returns [2] - The company plans to enhance its research capabilities and integrate existing quality research resources to drive investment decisions in equity investments [2] - The company will focus on supporting the high-quality development of the real economy by utilizing capital market tools for mergers and acquisitions [2]

Investment Rating - The investment rating for the company is "Outperform the Market" [1] Core Views - The report highlights that the company's proprietary trading performance has significantly improved, while brokerage business faces pressure. The wealth management business continues to empower advisory services, and the asset management scale of the parent company is steadily increasing. The reasonable value range for the stock is set between 7.32 and 7.98 CNY per share, maintaining the "Outperform the Market" rating [4][7]. Financial Performance Summary - For the first three quarters of 2024, the company achieved operating revenue of 8.81 billion CNY, a year-on-year decrease of 0.5%. The net profit attributable to the parent company was 1.32 billion CNY, down 16.5% year-on-year. The earnings per share (EPS) was 0.14 CNY, with a return on equity (ROE) of 2.3%, a decrease of 0.7 percentage points year-on-year. In the third quarter, the company reported operating revenue of 3.42 billion CNY, an increase of 78.3% year-on-year and 13.4% quarter-on-quarter, with a net profit of 380 million CNY, turning from loss to profit, but down 38.3% quarter-on-quarter [4][5]. Business Segment Performance - The brokerage business faced challenges, with revenue of 1.31 billion CNY in the first three quarters of 2024, a year-on-year decline of 26.0%, accounting for 19.8% of total operating revenue. The average daily trading volume in the market decreased by 7.8% year-on-year [5]. - The investment banking segment saw a significant decline in revenue, down 43.3% year-on-year to 440 million CNY. The equity underwriting scale dropped by 81.9%, while the bond underwriting scale increased by 5.7% [6]. - The asset management business reported revenue of 120 million CNY, an increase of 6.0% year-on-year, with total asset management scale reaching 86.2 billion CNY, up 2.2% year-on-year [6]. Investment Income - The proprietary trading segment experienced substantial growth, with investment income (including fair value changes) reaching 2.20 billion CNY, a year-on-year increase of 169.2%. In the third quarter alone, investment income was 1.03 billion CNY, compared to a loss of 420 million CNY in the same period last year [7]. Earnings Forecast - The company is expected to have EPS of 0.20 CNY, 0.23 CNY, and 0.26 CNY for the years 2024, 2025, and 2026 respectively. The book value per share (BVPS) is projected to be 6.65 CNY, 6.79 CNY, and 6.95 CNY for the same years [7][11].