华泰联合证券有限责任公司 关于国联民生证券股份有限公司发行股份购买资产 并募集配套资金暨关联交易之募集配套资金 向特定对象发行股票之限售股上市流通的核查意见 华泰联合证券有限责任公司（以下简称"独立财务顾问""华泰联合证券"） 作为国联民生证券股份有限公司（以下简称"国联民生"、"公司"或"上市公 司"）发行股份购买资产并募集配套资金项目的独立财务顾问，根据《上市公司 重大资产重组管理办法》《上市公司并购重组财务顾问业务管理办法》等有关法 律、法规和规范性文件的规定，对国联民生本次募集配套资金限售股（以下简称 "本次限售股"）上市流通情况进行了核查，具体情况如下： 一、 本次限售股上市类型 国联民生本次限售股上市流通类型为募集配套资金向特定对象发行限售股， 具体如下： （一）向特定对象发行股份注册情况 2024 年 12 月 27 日，国联民生收到中国证券监督管理委员会出具的《关于 同意国联证券股份有限公司发行股份购买资产并募集配套资金注册、核准国联证 券股份有限公司和民生证券股份有限公司变更主要股东、民生基金管理有限公司 和民生期货有限公司变更实际控制人等的批复》（证监许可〔2024〕1911 号）， 获准 ...

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 部份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） 海外監管公告 本公告乃根據《香港聯合交易所有限公司證券上市規則》第13.10B條作出。 如下公告已於上海證券交易所網站刊發，僅供參閱。 特此公告。 承董事會命 國聯民生證券股份有限公司 董事長 顧偉 中國江蘇省無錫市 2025年9月4日 本次股票上市流通日期为 2025 年 9 月 10 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 高偉先生、郭春明先生及徐慧敏女士。 证券代码：601456 证券简称：国联民生 公告编号：2025-060 号 国联民生证券股份有限公司 发行股份购买资产并募集配套资金暨关联交易之 募集配套资金向特定对象发行股票 限售股上市流通公告 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 ...

Group 1 - The core viewpoint of the news is that Guolian Minsheng has achieved significant growth in its financial performance for the first half of 2025, primarily driven by the acquisition of Minsheng Securities and a favorable market environment [1][2] - In H1 2025, Guolian Minsheng reported a net profit attributable to shareholders of 1.13 billion yuan, a staggering increase of 1185.2% year-on-year, with operating revenue reaching 4.01 billion yuan, reflecting a growth of 269.4% [1] - The company's total assets and net assets attributable to shareholders reached 185.4 billion yuan and 51.09 billion yuan, respectively, marking year-on-year increases of 98.6% and 179.7% [1] Group 2 - The main business structure has shifted significantly post-acquisition, with the proportion of capital business increasing. In H1 2025, brokerage, investment banking, asset management, net interest, and net investment income were 900 million, 530 million, 360 million, 30 million, and 2.1 billion yuan, respectively [1] - The investment business has been a key driver of profit growth, with financial investment assets increasing by 89.1% year-on-year to 92.67 billion yuan, and net interest income turning profitable [2] - The company has revised its profit forecast upwards, expecting net profits attributable to shareholders to reach 2.1 billion, 2.4 billion, and 2.7 billion yuan for 2025-2027, with corresponding year-on-year growth rates of 419%, 15%, and 15% [2]

Core Viewpoint - The report details the equity change of Jiangsu Aoliwei Sensor High-Tech Co., Ltd., highlighting the transfer of shares and the relinquishment of voting rights by the former controlling shareholder Li Hongqing to Zhongchuang Xinhang, which will subsequently become the new controlling shareholder of the company [1][4]. Group 1: Equity Change Details - Zhongchuang Xinhang acquired 87,620,380 shares, representing 10.94% of the total shares of the company, through a share transfer agreement [1][4]. - Li Hongqing will irrevocably relinquish voting rights for 155,725,311 shares for 60 months following the completion of the share transfer [1][4]. - Zhongchuang Xinhang plans to subscribe for up to 119,482,337 shares in a specific issuance of A-shares, with a total subscription amount not exceeding 672,685,557.31 yuan [1][4]. Group 2: Compliance and Governance - The financial advisor, Guolian Minsheng Securities, will provide continuous supervision for 12 months following the completion of the equity change, in accordance with relevant laws and regulations [1][4]. - During the supervision period, Zhongchuang Xinhang and the listed company have adhered to legal and regulatory requirements, maintaining a good corporate governance structure and internal control system [5][16]. - No significant adjustments to the main business, major asset disposals, or changes in management personnel are planned for the next 12 months [13][16]. Group 3: Commitments and Future Plans - Zhongchuang Xinhang has made commitments regarding the independence of the listed company, ensuring that its assets, personnel, and financial systems remain independent [7][8]. - There are no plans for major changes to the company's dividend policy or organizational structure in the next 12 months [16]. - The company will comply with legal procedures for any future adjustments to its business or organizational structure as necessary [16].

Core Viewpoint - Jiulian Technology (688609.SH) reported a significant decline in revenue and net profit for the first half of 2025, indicating potential challenges in its business operations and financial health [1][2]. Financial Performance Summary - The company achieved operating revenue of 1.101 billion yuan in the first half of 2025, a decrease of 17.60% compared to the same period last year [2]. - The net profit attributable to shareholders was -123.15 million yuan, compared to -54.44 million yuan in the previous year [2]. - The net profit excluding non-recurring gains and losses was -121.02 million yuan, down from -55.69 million yuan year-on-year [2]. - The net cash flow from operating activities was 105.82 million yuan, a decline of 29.36% from the previous year [2]. Historical Context - Jiulian Technology was listed on the Shanghai Stock Exchange's Sci-Tech Innovation Board on March 23, 2021, with an initial issuance of 100 million shares at a price of 3.99 yuan per share [3]. - The total amount raised from the initial public offering was 399 million yuan, with a net amount of 345 million yuan after expenses [3]. - The company planned to use the raised funds for expanding production of home network communication terminal equipment, developing IoT mobile communication modules, and upgrading its R&D center [3].

Group 1 - Qingdao Bank and Guolian Minsheng Securities launched a public fund advisory service, marking a significant milestone in their strategic partnership and making Qingdao Bank the first local bank in Shandong to offer this service [1][3] - The collaboration aims to respond to the evolving wealth management market by providing professional, personalized, and periodic asset allocation services to clients [1][3] Group 2 - The wealth management market is transitioning from single product purchases to comprehensive asset allocation and long-term investment support, which both companies are keen to address [3] - The core advantages of fund advisory services include transparency, professional dynamic management, and a client-centered service philosophy [5] - Guolian Minsheng Securities has a strong track record, managing over 40 billion yuan and serving more than 320,000 clients, showcasing its capabilities in wealth management [9] Group 3 - Qingdao Bank reported a revenue of 7.662 billion yuan and a net profit of 3.065 billion yuan for the first half of the year, with growth rates of 7.5% and 16.05% respectively, both exceeding industry averages [7] - The bank's retail business has gained increasing market recognition, with personal deposits reaching 50.95% of total deposits by the end of June [7] Group 4 - The partnership is expected to enhance the financial service quality and efficiency of both institutions, aiming for a synergistic effect that exceeds the sum of their individual contributions [3][11] - Future plans include a focus on customer-centric strategies, resource integration, and collaborative operations to provide diverse public fund investment strategies [11]

Core Viewpoint - Qingdao Bank and Guolian Minsheng Securities have launched a public fund advisory service, marking a significant milestone in their strategic partnership and making Qingdao Bank the first local bank in Shandong to offer this service [1][3]. Group 1: Service Launch and Objectives - The collaboration aims to respond to the evolving wealth management market by providing professional, personalized, and periodic asset allocation services to clients [1][3]. - The fund advisory service is designed to meet the growing demand for comprehensive asset allocation and long-term investment support from clients [3]. Group 2: Service Features and Advantages - The core advantages of the fund advisory service include transparency, professional dynamic management, and a client-centered service philosophy [3]. - The underlying assets of the fund advisory service consist of a carefully selected basket of public funds, allowing for diversified investment risk and high transparency in holdings [3]. - The service emphasizes cost control through fee discounts to reduce trading costs, ensuring a win-win for both investors and institutions [3]. Group 3: Company Performance and Market Position - Qingdao Bank reported a revenue of 7.662 billion yuan, a year-on-year increase of 7.50%, and a net profit of 3.065 billion yuan, up 16.05%, both exceeding industry averages [7]. - The bank's retail business has gained increasing market recognition, with personal deposits reaching 50.95% of total deposits by the end of June [7]. Group 4: Guolian Minsheng Securities Overview - Guolian Minsheng Securities, established in 1992, has developed a comprehensive business system including wealth management, investment banking, and asset management [9]. - The company has managed over 40 billion yuan in assets and served more than 320,000 clients, receiving multiple industry awards for its performance [9]. Group 5: Future Plans - Both companies plan to focus on client-centric strategies through resource integration and collaborative operations, aiming to build a trusted wealth management service brand [11].

Group 1: Macro Economic Insights - The recent appreciation of the RMB against the USD may be seen as a "catch-up" due to a weaker dollar environment, with the RMB appreciating by approximately 2.3% compared to a 10% depreciation of the dollar index in the first eight months of 2025 [5][6][7] - The domestic equity market's recovery and dovish signals from the Federal Reserve are key triggers for the recent rise in the RMB exchange rate, despite weaker manufacturing PMI data [6][8] - The RMB is expected to continue appreciating, but short-term fluctuations may occur due to uncertainties in global economic policies, particularly in Japan [8][9] Group 2: ETF Market Dynamics - Since June, non-broad-based ETFs have seen rapid growth, with net inflows reaching 227.9 billion RMB, indicating a shift in retail investor preferences towards ETFs [11][12] - Broad-based ETFs have experienced significant net redemptions, suggesting that while overall ETF inflows may appear modest, retail funds are actively entering the market through non-broad-based ETFs [12][13] - The current bull market is characterized by a shift from actively managed funds to ETFs, driven by factors such as product variety, cost efficiency, and ease of access [13][14] Group 3: Power Equipment and New Energy Sector - The photovoltaic industry is facing severe overcapacity, with nominal production capacity exceeding 1200 GW, leading to significant price declines across the supply chain [18][19] - Recent government initiatives aim to curb internal competition and stabilize the market, with signs of price recovery in the polysilicon segment [19][20] - Despite ongoing losses in the main supply chain, specialized companies are performing better than integrated firms, indicating a potential for recovery as supply-demand dynamics improve [20][21] Group 4: Chemical Industry Performance - The chemical raw materials and products manufacturing sector reported a revenue of 4.46359 trillion RMB in H1 2025, a year-on-year increase of 1.4%, but profits fell by 9% to 181.46 billion RMB [23][24] - The basic chemical industry achieved a revenue of 1.1707 trillion RMB in H1 2025, with a profit of 73.17 billion RMB, reflecting a 3.5% revenue increase year-on-year [24][25] - The petrochemical sector, excluding major state-owned enterprises, saw a revenue decline of 7.3% in H1 2025, indicating challenges in profitability [25][26] Group 5: Pharmaceutical Sector Developments - Sunshine Nuohuo (688621.SH) reported a revenue of 590 million RMB in H1 2025, a 4.87% increase, with a significant Q2 performance showing a 15.73% year-on-year growth [28][29] - The company is advancing its innovative drug pipeline, with multiple projects in clinical trials, indicating a strong growth trajectory [29][30] - Haofan Bio (301393.SZ) achieved a revenue of 270 million RMB in H1 2025, reflecting a 20.10% increase, driven by strong demand for GLP-1 drugs [32][33] Group 6: Food and Beverage Sector Insights - Shanxi Fenjiu (600809.SH) reported a revenue of 23.96 billion RMB in H1 2025, a 5.4% increase, but faced pressure on profit margins due to changing consumer preferences [40][41] - Wuliangye (000858.SZ) achieved a revenue of 52.77 billion RMB in H1 2025, a 4.2% increase, but is navigating challenges in maintaining price stability amid competitive pressures [45][46]

Group 1 - The report indicates that the registered share capital of Guolian Minsheng Securities Co., Ltd. remains unchanged at RMB 5,680,592,806 as of August 31, 2025 [1][2] - The total number of issued shares for Guolian Minsheng Securities is reported to be 442,640,000, with no changes from the previous month [1][2] - The total number of issued shares for the company listed on the Shanghai Stock Exchange is 5,237,952,806, also showing no changes from the previous month [1][2] Group 2 - The report confirms that there are no changes in the number of treasury shares held by the company, which remains at zero [1][2] - There are no details provided regarding share options, warrants, or convertible securities, indicating that these are not applicable for the current reporting period [1][2][3] - The report includes a confirmation section that states all securities have the same rights and privileges, ensuring uniformity among the shares [3]

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8月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 國聯民生證券股份有限公司 呈交日期: 2025年9月3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) | 01456 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 442,640,000 | RMB | | 1 RMB | | 442,640,000 | | 增加 / 減少 (-) | | | | | | RMB | | | | 本月底結存 | | | 442,640,000 | RMB | | 1 RMB | | 442,640,000 | | 2. 股份分類 | 普通股 | 股份類別 | A | | | 於香港 ...