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的內容概不負責， 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 部分內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 （股份代號：01456） （於中華人民共和國成立的股份有限公司） 董事會會議通知 國聯民生證券股份有限公司（「本公司」）董事會（「董事會」）謹此宣佈，董事會會議將 於2025年8月28日（星期四）舉行，藉以（其中包括）審議及批准本公司及其附屬公司截 至2025年6月30日止六個月之中期業績及其發佈。 承董事會命 國聯民生證券股份有限公司 顧偉 中國江蘇省無錫市 2025年8月15日 截至本公告日期，本公司執行董事為葛小波先生；本公司非執行董事為顧偉先生、 周衛平先生、吳衛華先生、楊振興先生及劉海林先生；及本公司獨立非執行董事為 朱賀華先生、高偉先生及郭春明先生。 董事長 ...

Core Viewpoint - The Chinese ship leasing industry is experiencing steady growth, with an increase in global market share, driven by green transformation and the replacement of aging vessels, despite a slowdown in new orders and deliveries [1][2]. Group 1: Current Market Status - In the first half of 2025, China's ship completion volume reached 24.13 million deadweight tons, a year-on-year decrease of 3.5%, while new orders amounted to 44.33 million deadweight tons, capturing 68.3% of the global market share [1]. - As of June 2025, the total tonnage of China's operating leasing fleet reached 159 million tons, an increase of 4.55% from the beginning of the year, with a total of 21 million tons in hand orders, up 9.42% [1]. - The global share of China's leasing fleet stands at 9.30%, reflecting a 0.2 percentage point increase from the end of 2024, primarily driven by bulk carriers and gas carriers [1]. Group 2: New Orders and Deliveries - In the first half of 2025, the new ship leasing tonnage added by Chinese leasing companies was 9.4 million tons, only 35.7% of the total increase for 2024, mainly impacted by the "301 investigation" [2]. - Among the new ships, the proportion of new and second-hand vessels was 39% and 61%, respectively, with second-hand vessels increasing by 8.8 percentage points compared to 2024 [2]. - The share of operating leases in new ship deliveries rose, with financing leases and operating leases accounting for 71.7% and 28.3% of new deliveries, respectively, the latter up by 11.6 percentage points from 2024 [2]. - The total tonnage of vessels reaching maturity in the first half of 2025 was 5.4 million tons, only 30.34% of the total maturity scale for 2024 [2]. Group 3: Green Transformation - By June 2025, the proportion of energy-efficient vessels in China's leasing fleet reached 80%, an increase of 1 percentage point from the end of 2024 [3]. - The share of energy-efficient vessels in tankers and cruise/passenger ships saw significant increases, reaching 77% and 90%, respectively, with increases of 3 percentage points and 5 percentage points from 2024 [3]. - Globally, the share of energy-efficient vessels in the fleet was 51% as of June 2025, reflecting a 1 percentage point increase from the end of 2024, with slight increases across various vessel types [3]. Group 4: Age of Vessels - As of the first half of 2025, vessels aged 15 years and older accounted for 10.1% of the total tonnage, an increase of 1.5 percentage points from the end of 2024 [4]. - The shares of vessels aged 0-4 years and 5-9 years were 44.7% and 25.5%, respectively, showing decreases of 0.9 percentage points and 0.6 percentage points from 2024 [4]. - In the first half of 2025, 18.2% of newly added financing lease vessels were aged 15 years and older, up 7.3 percentage points from the end of 2024, while 7.7% of newly added operating lease vessels were in the same age category, which was negligible in 2024 [4].

Market Overview - The Hong Kong stock market continued its downward trend, with all three major indices in the red but maintaining above the 25,000 mark. The Hang Seng Index closed down 0.98% at 25,270.07 points, with a total turnover of HKD 31.27 billion [1] - Short-term market focus is on mid-year performance and cost-effectiveness, with potential volatility from US-China trade negotiations and fluctuations in US stocks [1] Blue-Chip Stocks Performance - JD Health (06618) led blue-chip stocks, rising 11.67% to HKD 61.25, contributing 11.31 points to the Hang Seng Index. The company's H1 2025 performance exceeded market expectations due to strong growth in the pharmaceutical category [2][4] - Other notable blue-chip movements included Xinyi Solar (00968) up 5.96%, Alibaba Health (00241) up 4.92%, while New World Development (00016) and Henderson Land (00012) saw declines of 5.35% and 4.63% respectively [2] Sector Highlights - Internet healthcare stocks showed strong performance, with Dingdang Health (09886) up 36.07% and JD Health (06618) up 11.67% following strong mid-year results [3][4] - The brokerage sector saw significant gains, with CITIC Securities (06066) up 10.98% and Zhongtai Securities (01375) up 9.03%, reflecting a structural shift in fund flows towards financial markets [5][6] - The photovoltaic sector also experienced gains, driven by a shortage and price increases in solar components, with Xinyi Solar (00968) rising 8.15% [6][7] Regulatory Developments - The Hong Kong Monetary Authority and the Securities and Futures Commission issued a joint statement regarding recent market fluctuations related to stablecoins, emphasizing a cautious approach to licensing [8] Notable Stock Movements - Silver诺医药-B (02591) surged 206.48% on its debut, reflecting strong market interest in GLP-1 drug treatments [9] - Liken Technology (00558) rose 46.02% following a strategic partnership for magnesium alloy humanoid robot development [10] - Far East China (02789) saw an 84.34% increase after announcing a profit forecast for H1 2025, driven by international market orders [11][12] - Jin Hai Medical Technology (02225) fell 50.56% after announcing a share subscription at a discount to market price [13]

天眼查工商信息显示，8月13日，国联民生发生工商变更，葛小波卸任法定代表人、董事长，由顾伟接 任，葛小波仍担任董事、经理。国联民生证券股份有限公司成立于1999年1月，注册资本约56.8亿人民 币，经营范围包括证券业务、证券投资咨询、公募证券投资基金销售等。股东信息显示，该公司由无锡 市国联发展（集团）有限公司、香港中央结算（代理人）有限公司、国联信托股份有限公司等共同持 股。 ...

Core Viewpoint - The announcement details the addition of new sales platforms for various funds managed by Invesco Great Wall Fund Management Co., Ltd., effective from August 15, 2025, to better meet investor needs [5][9][14]. Group 1: New Sales Platforms - The company has signed a sales agreement with Guolian Minsheng Securities Co., Ltd. to sell the Invesco Great Wall Jing Tai Pure Profit Bond Fund [1]. - The company has also partnered with Industrial Bank Co., Ltd. to sell the Invesco Great Wall Stable Gain Bond Fund through its "Institutional Investment Trading Platform" [5]. - Additionally, Nanjing Bank has been added as a sales institution for the Invesco Great Wall Anheng Gain Three-Month Holding Period Mixed Fund of Funds (FOF) [9]. Group 2: Sales Institution Information - Guolian Minsheng Securities is located at 8 Financial First Street, Wuxi, with a customer service phone number of 95570 [1]. - Industrial Bank's sales platform is accessible via customer service at 95561, with a website at www.cib.com.cn [5]. - Nanjing Bank's contact information includes a customer service phone number of 95302 and a website at http://www.njcb.com.cn [10]. Group 3: Business Operations - Subscription and redemption services are only available during normal subscription periods and specific open days, with details outlined in the respective fund's legal documents [2][6][14]. - The "Regular Investment Plan" allows investors to set up automatic deductions for fund purchases, with specific rules governed by the sales institutions [2][15]. - Fund conversion services are subject to the availability of redeemable and purchasable statuses, with additional rules provided in the company's announcements [3][7][15].

这种薪酬差距不仅难以体现他的个人价值，长此以往，可能会挫伤其工作积极性，甚至存在人才流失的 风险，对公司财务工作的稳定性产生不利影响。 国联民生的管理层应重视这一情况，尽快为尹磊合理涨薪。这不仅是对他辛勤付出的认可，更是激励他 继续为公司发展贡献力量、保障公司长远发展的重要举措。 专题：专题|2024年度A股CFO数据报告：美的集团钟铮年薪946万，比亚迪周亚琳896万 炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ 作为上市公司核心管理层关键成员，财务总监CFO的地位与作用至关重要。新浪财经《2024年度A股 CFO数据报告》显示，2024年A股上市公司财务总监CFO群体薪酬规模合计达42.70亿元，平均年薪为 81.48万元。 在券商行业的发展进程中，财务总监的专业能力与管理水平对公司的稳健运营至关重要。2024年数据显 示，券商行业CFO平均薪酬为132万元，而国联民生财务负责人尹磊的薪酬仅96.62万元，约为行业平均 水平的七成三，明显低于行业CFO平均水准。 资料显示，尹磊先生，1970年出生，中国国籍，无境外永久居留权，会计学硕士，持有中国注册会计师 证书。现任本公司副总 ...

Group 1 - The securities industry is undergoing significant changes due to reforms and mergers, leading to turbulence for both buy-side (funds) and sell-side (brokerage research) entities [1][2] - There is a notable talent migration within the industry, with several chief analysts from Guolian Minsheng leaving for other firms, particularly Guojin Securities [2][4] - Guojin Securities is actively recruiting talent from other firms, including former analysts from Minsheng Securities and other brokerages, indicating a strategic shift in its research and sales teams [4][5][6] Group 2 - Guojin Securities aims to regain its former glory by enhancing its research capabilities and has set ambitious goals to return to the top ten in the industry within five years [14][15] - The firm has undergone a transformation from a profit center to a cost center, focusing on increasing research investment and improving its external influence [14][16] - Guojin Securities has received multiple accolades in external evaluations from 2022 to 2024, indicating progress in its research reputation [17] Group 3 - Huajin Securities is also expanding its research capabilities by hiring key personnel from Minsheng and Guolian, signaling its intent to strengthen its position in the market [19][20] - The firm is leveraging its backing from Zhuhai Huafa Group to enhance its securities business, which has been under pressure due to the real estate sector's challenges [20][21] - Huajin Securities is planning to develop a research brand focused on "finance and new productive forces," aiming to create a think tank service platform for various stakeholders [22][23]

Core Points - The company has completed the registration of the change of its legal representative, with Gu Wei being elected as the new chairman and legal representative [1][2] - The company held its 27th meeting of the 5th board of directors on August 8, 2025, where the election of the chairman was approved [1] - The company has obtained a new business license from the Wuxi Data Bureau, confirming its legal representative and registration details [1] Company Information - The company is named Guolian Minsheng Securities Co., Ltd., with a registered capital of 568,059,280.6 CNY [1] - The company was established on January 8, 1999, and is classified as a listed, state-controlled joint-stock company [1] - The business scope includes securities business, investment consulting, public securities investment fund sales, and bond market operations, among others [1]

证券代码：601456 证券简称：国联民生 公告编号：2025-051 号 国联民生证券股份有限公司 关于完成法定代表人工商变更登记的公告 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。 国联民生证券股份有限公司（以下简称"公司"）于 2025 年 8 月 8 日召开第 五届董事会第二十七次会议，审议通过《关于选举公司董事长的议案》，同意选 举公司党委书记、董事顾伟先生担任公司董事长，具体内容详见公司于 2025 年 公告》（公告编号:2025-048 号）、《国联民生证券股份有限公司关于董事长离任 及选举新任董事长的公告》（公告编号:2025-049 号）。 根据《公司章程》，公司法定代表人由董事长担任，顾伟先生自公司第五届 董事会第二十七次会议审议通过之日起担任公司法定代表人。 锡市数据局换发的营业执照，具体登记信息如下： 统一社会信用代码：91320200135914870B 名称：国联民生证券股份有限公司 类型：股份有限公司（上市、国有控股） 住所：无锡市金融一街 8 号 法定代表人：顾伟 注册资本：568059.28 ...

Core Viewpoint - The A-share market has seen significant gains, with the Shanghai Composite Index reaching a nearly four-year high, and brokerage firms are increasing their dividend payouts, indicating a positive trend in shareholder returns [1][4][5]. Group 1: Dividend Trends - Many brokerage firms are doubling their dividend payouts for 2024 compared to 2023, with Huayin Securities' dividend scale reaching ten times that of 2023 [1][5]. - As of August 13, over ten companies have proposed mid-term dividend plans for 2025, a significant increase from only two and one in 2022 and 2023, respectively [1][8]. - The number of brokerages planning mid-term dividends has surged to 26 in 2024, with expectations for further increases in 2025 [1][8]. Group 2: Specific Brokerage Dividend Data - In terms of per-hand dividend payouts for 2024, GF Securities leads with 40 yuan, followed by China Merchants Securities and Huatai Securities at 37.7 yuan and 37 yuan, respectively [2][11]. - Huayin Securities has seen its total dividend scale for 2024 reach 1.08 billion yuan, a significant increase from 0.108 billion yuan in 2023 [5][6]. - Southwest Securities' 2024 dividend scale is over double that of 2023, reaching 5.65 billion yuan, with plans for three dividend distributions throughout the year [6][8]. Group 3: Dividend Payment Rates - Among brokerages with a payout ratio above 50%, Guolian Minsheng leads at 80.04%, followed by Hongta Securities and Southwest Securities at 63.59% and 61.76%, respectively [12][14]. - In contrast, major brokerages like China Merchants Securities and GF Securities maintain payout ratios around 30%, with some even below 20% [12][14]. Group 4: Future Dividend Planning - More than ten brokerages have established three-year shareholder return plans for 2024-2026, indicating a strategic focus on long-term shareholder value [9][10]. - The upcoming half-year reports, typically released in late August, are expected to coincide with the announcement of mid-term dividend plans, potentially increasing the number of brokerages disclosing such plans [9][10].