兴业证券股份有限公司（以下简称"公司"）第六届监事会第二十二次会议 于 2025 年 4 月 14 日以电子邮件的方式发出会议通知，于 2025 年 4 月 24 日在北 京以现场方式召开。公司现有监事 4 名，张秀凤女士因其他公务安排委托黄浩先 生代为出席本次会议并表决。会议由余志军先生主持，部分高级管理人员列席会 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以下议案： 一、《兴业证券股份有限公司监事会 2024 年度工作报告》 表决结果：同意 4 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 2025-007 兴业证券股份有限公司 第六届监事会第二十二次会议决议公告 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。 本报告尚需提交公司股东大会审议。 二、《<兴业证券股份有限公司 2024 年年度报告>及其摘要》 表决结果：同意 4 票；反对 0 票；弃权 0 票。 监事会认为,公司 2024 年年度报告及其摘要的编制 ...

证券代码：601377 证券简称：兴业证券 公告编号：临 2025-006 兴业证券股份有限公司 第六届董事会第二十九次会议决议公告 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"）第六届董事会第二十九次会议 于 2025 年 4 月 14 日以电子邮件方式发出会议通知，于 2025 年 4 月 24 日在北京 以现场方式召开。公司现有董事 9 名，全体董事参加会议。会议由董事长杨华辉 先生主持，公司部分监事及高级管理人员列席会议。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以下议案： 一、《兴业证券股份有限公司 2024 年度工作报告》 表决结果：同意 9 票；反对 0 票；弃权 0 票。 二、《兴业证券股份有限公司董事会 2024 年度工作报告》 表决结果：同意 9 票；反对 0 票；弃权 0 票。 本报告尚需提交公司股东大会审议。 三、《兴业证券股份有限公司 2024 年度可持续发展报告》 表决结果：同意 9 票；反对 0 ...

证券代码：601377 证券简称：兴业证券 公告编号：临 2025-010 兴业证券股份有限公司 2024 年度利润分配方案公告 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： ●每股分配比例：每股派发现金红利 0.10 元（含税） ●本次利润分配以实施权益分派股权登记日公司总股本为基数，具体日期将 在权益分派实施公告中明确。在实施权益分派的股权登记日前公司总股本发生变 动的，公司拟维持每股分配比例不变，相应调整分配总额，并将另行公告具体调 整情况 ●公司未触及《上海证券交易所股票上市规则（2024 年 4 月修订）》（以 下简称《股票上市规则》）第 9.8.1 条第一款第（八）项规定的可能被实施其他 风险警示的情形 一、利润分配方案内容 （一）利润分配方案的具体内容 经毕马威华振会计师事务所（特殊普通合伙）审计，截至 2024 年 12 月 31 日，兴业证券股份有限公司（以下简称"公司"）母公司报表中本年度末 未分配利润为人民币 8,696,588,835.44 元。经董事会决议，公司拟以实施权 益分派股权 ...

兴业证券股份有限公司 自 2024 年 1 月 1 日 至 2024 年 12 月 31 日止年度财务报表及审计报告 KPMG Huazhen LLP 8th Floor, KPMG Tower Oriental Plaza 1 East Chang An Avenue Beijing 100738 China Telephone +86 (10) 8508 5000 Fax +86 (10) 8518 5111 Internet kpmg.com/cn 毕马威华振会计师事务所 (特殊普通合伙) 中国北京 东长安街 1 号 东方广场毕马威大楼 8 层 邮政编码:100738 电话 +86 (10) 8508 5000 传真 +86 (10) 8518 5111 网址 kpmg.com/cn 审计报告 毕马威华振审字第 2506666 号 兴业证券股份有限公司全体股东： 一、审计意见 我们审计了后附的兴业证券股份有限公司 (以下简称"兴业证券") 财务报表，包括 2024 年 12 月 31 日的合并及母公司资产负债表，2024 年度的合并及母公司利润表、合并及母公司 现金流量表、合并及母公司股东权益变动表以及 ...

KPMG Huazhen LLP 8th Floor, KPMG Tower Oriental Plaza 1 East Chang An Avenue Beijing 100738 China Telephone +86 (10) 8508 5000 Fax +86 (10) 8518 5111 Internet kpmg.com/cn 毕马威华振会计师事务所 (特殊普通合伙) 中国北京 东长安街 1 号 东方广场毕马威大楼 8 层 邮政编码:100738 电话 +86 (10) 8508 5000 传真 +86 (10) 8518 5111 网址 kpmg.com/cn 关于兴业证券股份有限公司 2024 年度非经营性资金占用及其他关联资金往来情况的专项说明 兴业证券股份有限公司 2024 年度非经营性资金占用 及其他关联资金往来情况的专项说明 自 2024 年 1 月 1 日 至 2024 年 12 月 31 日止年度 毕马威华振专字第 2502005 号 兴业证券股份有限公司董事会： 我们接受委托，按照中国注册会计师审计准则审计了兴业证券股份有限公司（以下简称 "兴业证券"）2024年度的财务报表，包 ...

兴业证券股份有限公司 内部控制审计报告 2024 年 12 月 31 日 KPMG Huazhen LLP 8th Floor, KPMG Tower Oriental Plaza 1 East Chang An Avenue Beijing 100738 China Telephone +86 (10) 8508 5000 Fax +86 (10) 8518 5111 Internet kpmg.com/cn 毕马威华振会计师事务所 (特殊普通合伙) 中国北京 东长安街 1 号 东方广场毕马威大楼 8 层 邮政编码:100738 电话 +86 (10) 8508 5000 传真 +86 (10) 8518 5111 网址 kpmg.com/cn 内部控制审计报告 毕马威华振审字第2508994号 兴业证券股份有限公司全体股东： 按照《企业内部控制审计指引》及中国注册会计师执业准则的相关要求，我们审计了兴 业证券股份有限公司（以下简称"贵公司"）2024 年 12 月 31 日的财务报告内部控制的有效 性。 一、 企业对内部控制的责任 按照《企业内部控制基本规范》、《企业内部控制应用指引》、《企业内部控制评价 ...

Dividend Distribution - The company plans to distribute a cash dividend of 1 RMB per 10 shares for the 2024 annual profit distribution, totaling approximately 863.6 million RMB, which represents 54.52% of the net profit attributable to ordinary shareholders[4] - The total cash dividend for 2024, including mid-year and annual distributions, amounts to approximately 1.12 billion RMB[4] Financial Performance - The company's operating revenue for 2024 reached ¥12.35 billion, representing a 16.25% increase compared to ¥10.63 billion in 2023[56] - Net profit attributable to shareholders for 2024 was ¥2.16 billion, up 10.16% from ¥1.96 billion in 2023[56] - The total profit for 2024 was ¥3.08 billion, reflecting a 4.37% increase compared to ¥2.95 billion in 2023[71] - The company's comprehensive income totalled ¥3.53 billion, a 21.89% increase from ¥2.89 billion in 2023[71] - The company's net income from agency trading of securities reached 1.717 billion CNY for the reporting period[79] Asset Management and Growth - The total assets as of the end of 2024 amounted to ¥301.02 billion, reflecting a 10.02% increase from ¥273.61 billion at the end of 2023[56] - The total assets under management for the company's asset management business surpassed 100 billion CNY, marking a 20% increase to 100.995 billion CNY, the highest in five years[84] - The company's public fund management business maintained the industry’s largest scale in public fund of funds (FOF), with the pension fund Y share size ranking second in the industry[87] - The company’s private equity fund management business focused on four key industries: technology, healthcare, carbon neutrality, and advanced manufacturing, successfully establishing one mother fund and one healthcare-themed fund in 2024[90] Market Expansion and Innovation - The company achieved a financing service scale exceeding 115 billion RMB through its "four-in-one" green securities financial service system[11] - The company issued the first public REITs for agricultural markets and the first ABS for new energy vehicle intellectual property in the country, showcasing its innovation in financial products[12] - The company is actively expanding its market presence, with new qualifications obtained for stock options and commodity futures trading in 2023, indicating a strategic focus on diversifying its service offerings[33] - The company launched the A500 Index Enhanced Fund, which became the first of its kind in the industry, achieving the largest fund size in its category[78] Awards and Recognition - The company received multiple awards for its wealth management services, including the "Best Wealth Management Institution" and "Best ESG Investment Practice" awards[19] - The company was recognized as a top performer in the private equity sector, ranking in the top 50 for both "Best PE Fund" and "Best Returns" categories[21] - The company was awarded the "Best Financial Institution" in the Greater Bay Area for its outstanding ESG performance[25] - The company was acknowledged for its contributions to sustainable development, receiving the "Green Company Star" award[19] Risk Management and Compliance - The management team highlighted the importance of regulatory compliance and risk management as key components of their operational strategy moving forward[1] - The company has established a comprehensive risk management system that includes a structured organization, reliable IT systems, and quantifiable risk indicators[190] - The company employs a three-line defense risk management framework to ensure effective risk control and accountability[191] - The company's liquidity risk management system includes a comprehensive limit and early warning indicator system, ensuring liquidity coverage ratio and net stable funding ratio meet regulatory requirements[198] Digital Transformation and Technology - The company is investing in new product development and technology, aiming to leverage innovative financial solutions to meet market demands[1] - The company is focusing on enhancing its asset management capabilities, with a strategic emphasis on fund management and investment advisory services[1] - The company is enhancing its digital financial services, with significant advancements in its digital risk control system[133][134] Strategic Outlook - Future outlook includes a commitment to further market expansion and potential mergers and acquisitions to strengthen its competitive position[1] - The company aims to achieve a revenue growth target of 15% for the upcoming fiscal year, reflecting confidence in its strategic initiatives and market conditions[1] - The company plans to deepen cooperation with government agencies and enterprises to enhance customer service capabilities and innovate business models[92] - The company is committed to becoming a leading investment bank with strong influence in domestic and international capital markets, focusing on high-quality development[188]

Financial Performance - The company's operating revenue for Q1 2025 was CNY 2,792,346,276.44, representing a 17.48% increase compared to CNY 2,376,916,655.23 in the same period last year[4] - Net profit attributable to shareholders was CNY 516,322,013.21, a significant increase of 57.32% from CNY 328,204,971.32 year-on-year[4] - The net profit excluding non-recurring gains and losses reached CNY 503,796,888.14, marking a 69.75% increase compared to CNY 296,780,659.28 in the previous year[4] - Basic earnings per share rose to CNY 0.0568, reflecting a 62.29% increase from CNY 0.0350 in the same quarter last year[4] - Net profit for Q1 2025 was ¥697,270,689.84, a substantial increase from ¥487,852,700.23 in Q1 2024, representing a growth of 43%[16] - Net interest income rose to ¥324,958,527.49, up from ¥278,378,984.78, reflecting a growth of 16.7% year-over-year[15] - Investment income significantly improved to ¥1,336,293,573.60 in Q1 2025, compared to a loss of ¥1,601,865,096.31 in Q1 2024[15] Cash Flow and Liquidity - The company reported a net cash flow from operating activities of -CNY 6,514,243,197.10, compared to -CNY 1,656,537,121.61 in the same period last year, indicating a significant increase in cash outflows[4] - The net cash flow from operating activities for Q1 2025 was negative at -¥6,514,243,197.10, worsening from -¥1,656,537,121.61 in Q1 2024[17] - Cash and cash equivalents at the end of Q1 2025 totaled ¥76,524,722,703.37, down from ¥86,862,900,608.45 at the beginning of the quarter[18] Assets and Liabilities - Total assets decreased by 3.73% to CNY 289,795,724,221.94 from CNY 301,015,790,526.93 at the end of the previous year[4] - Total assets as of March 31, 2025, amounted to ¥289.80 billion, a decrease from ¥301.02 billion as of December 31, 2024, representing a decline of approximately 3.7%[12] - Total liabilities decreased from ¥238.10 billion to ¥227.01 billion, a reduction of about 4.7%[13] - The company's cash and cash equivalents were ¥67.09 billion, down from ¥77.40 billion, indicating a decrease of approximately 13.0%[12] - The total equity attributable to shareholders was ¥57.79 billion, slightly down from ¥57.82 billion, reflecting a decrease of about 0.1%[13] Shareholder Information - The number of common shareholders at the end of the reporting period was 222,635, indicating a stable shareholder base[11] - The largest shareholder, Fujian Provincial Finance Department, holds 20.49% of the shares, totaling approximately 1.77 billion shares[11] - The company has no significant changes in the participation of major shareholders in margin trading or securities lending activities[12] Operating Expenses - Total operating expenses increased to ¥2,071,115,202.34, up from ¥1,917,709,772.71, marking an 8% rise[16] Comprehensive Income - The total comprehensive income for Q1 2025 was ¥160,513,881.29, a decline from ¥617,983,438.80 in Q1 2024[16] - The company experienced a significant decrease in fair value changes, reporting a loss of ¥723,999,863.33 in Q1 2025, compared to a gain of ¥1,937,960,204.19 in Q1 2024[16]

兴业证券股份有限公司 独立董事 2024 年度述职报告 （潘越） 本人潘越，作为兴业证券股份有限公司（以下简称"公司"）独立董事，严 格按照《公司法》《证券公司治理准则》《上市公司治理准则》等法律法规、规范 性文件，及《兴业证券股份有限公司章程》（以下简称《公司章程》）、《兴业证券 股份有限公司独立董事工作制度》等要求，忠实勤勉履职，在会计领域具备丰富 的专业知识和经验，能够积极有效履行独立董事职责，有效维护公司股东、特别 是中小股东的合法权益。现就本人 2024 年度的履职情况报告如下： 一、独立董事的基本情况 作为公司独立董事，本人在会计领域具备丰富的专业知识和经验，符合任职 所必需的条件。经自查，本人持续满足独立性要求，不存在影响独立性的情况。 本人的工作履历、专业背景以及兼职情况如下： 潘越，女，管理学博士（财务管理方向），中国注册会计师，教授，财政部 "全国高端会计人才"。现任公司独立董事，厦门大学社会科学研究处处长，文 科期刊中心主任，经济学院金融系主任、教授、博士生导师，兼任厦门国际银行 股份有限公司独立董事、兴银基金管理有限责任公司独立董事，以及中国总会计 师协会财务管理分会专业委员，中国金融 ...

兴业证券发布研报称，能源清洁化大背景下煤、电利润分配的均值回归仍在路上，2025年初以来火电发 电量降速叠加煤炭库存高企持续对煤价形成压力。年内重点关注内陆火电资产的业绩弹性，长期关注公 用事业属性加强后火电板块价值重估。一方面因2024年北方火电资产盈利能力较弱，2025年度电价并未 出现明显下滑;另一方面2025年初至今坑口煤价持续下跌，在此背景下该行综合判断北方火电资产更加 受益。推荐具备业绩弹性的全国性&京津冀电力资产。持续推荐价值有望重估的电力资产。 兴业证券主要观点如下： 能源清洁化大背景下煤、电利润分配的均值回归仍在路上，2025年初以来火电发电量降速叠加煤炭库存 高企持续对煤价形成压力 上一次火电行业利润阶段高点出现在2015年，主要原因为煤价因供需错配在2011-2015年连续下跌，火 电占据了煤、电利润分配的主导权。2021年国内煤价受下游需求拉动持续冲高，煤炭行业占据利润分配 主导权，同时火电企业因燃料成本上涨超过下游电价上涨而出现大面积亏损，当年SW火电归母净利润 总额为-418.17亿元。之后国家虽逐步通过提高火电市场电价上浮上限、放开进口煤等手段为火电企业 纾困，但截至2024年Q ...