关于东吴证券股份有限公司 非经营性资金占用 及其他关联资金往来情况的专项说明 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 安永华明（2025）专字第70027437_B03号 东吴证券股份有限公司 东吴证券股份有限公司董事会： 我们审计了东吴证券股份有限公司的2024年度财务报表，包括2024年12月31日的 合并及公司资产负债表，2024年度的合并及公司利润表、股东权益变动表和现金流量表 以及相关财务报表附注，并于2025年4月24日出具了编号为安永华明（2025）审字第 70027437_B01号的无保留意见审计报告。 （本页无正文） 安永华明会计师事务所（特殊普通合伙） 中国注册会计师：陈 露 按照《上市公司监管指引第8号——上市公司资金往来、对外担保的监管要求》的 要求，东吴证券股份有限公司编制了后附的2024年度非经营性资金占用及其他关联资金 往来情况汇总表（以下简称"汇总表"）。 如实编制和对外披露汇总表，并确保其真实性、合法性、完整性是东吴证券股份有 限公司的责任。我们对汇总表所载资料与我们审计东吴证券股份有限公司2024年度财务 报表时所复核的会计资料和经审计的财务报表的相 ...

Financial Performance - In 2024, the company achieved an operating income of RMB 11.534 billion, representing a year-on-year increase of 2.24%[9] - The net profit attributable to shareholders of the listed company reached RMB 2.366 billion, with a year-on-year growth of 18.19%[9] - The company's operating revenue for 2024 was CNY 11,533,544,689.92, representing a 2.24% increase compared to CNY 11,280,990,458.17 in 2023[39] - The net profit attributable to shareholders for 2024 was CNY 2,366,184,204.76, an 18.19% increase from CNY 2,002,031,162.53 in 2023[39] - The total assets at the end of 2024 reached CNY 177,804,609,327.34, a 12.90% increase from CNY 157,495,307,814.69 in 2023[39] - The total liabilities at the end of 2024 were CNY 135,545,648,616.02, reflecting a 15.65% increase from CNY 117,203,209,371.23 in 2023[39] - The basic earnings per share for 2024 was CNY 0.48, a 20.00% increase from CNY 0.40 in 2023[40] - The weighted average return on equity for 2024 was 5.81%, an increase of 0.65 percentage points from 5.16% in 2023[40] Dividends and Shareholder Returns - The proposed cash dividend for 2024 is RMB 2.37 per 10 shares, totaling RMB 1.1775826 billion, which accounts for 65.52% of the net profit attributable to shareholders[4] Asset Management and Investment - The asset management scale has seen rapid growth due to the transformation in wealth management services[12] - The company has a comprehensive range of business qualifications including securities brokerage, investment consulting, and asset management services[22] - The company launched 77 new asset management products in 2024, with a new issuance scale of CNY 19.814 billion, and the entrusted management scale reached CNY 59.527 billion, reflecting a 10.57% increase in actively managed scale[101] - The net income from asset management fees grew by 67.49%, indicating a significant improvement in the quality of asset management business[101] - The total scale of public funds managed by Dongwu Fund increased to CNY 39.857 billion, a year-on-year growth of 55.81%, with bond fund scale up by 105.27% to CNY 16.623 billion[103] Market Position and Strategy - The company has maintained a leading position in the Jiangsu market for corporate bond underwriting, ranking among the top eight in the industry[10] - The company plans to continue focusing on digital transformation and AI technology applications in financial services[12] - The company aims to enhance its role in supporting state-owned enterprise mergers and acquisitions, contributing to the improvement of state asset securitization levels[10] - The company has established a strategic focus on technology finance, green finance, and digital finance as part of its growth strategy[22] Risk Management - The company emphasizes the importance of comprehensive risk management to navigate market fluctuations effectively[9] - The company has established a comprehensive risk management framework, including a risk control committee and a chief risk officer to oversee risk management activities[157] - The risk management system incorporates technology to achieve systematic management of business and risk information, covering various risk types and business lines[161] - Regular evaluations and analyses of internal controls and risk exposure are conducted to ensure timely and accurate risk reporting[162] Corporate Governance - The company has established a governance structure that ensures clear responsibilities and effective operation among its decision-making and supervisory bodies[181] - The company maintains complete operational independence from its controlling shareholders in terms of assets, personnel, and finances[182] - The company is committed to continuous improvement in corporate governance in accordance with relevant laws and regulations[181] - The company has a diverse executive team with extensive experience in finance and management, including roles in various financial institutions[188] Future Outlook and Growth Plans - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[1] - The company is actively involved in various financial services including investment banking, asset management, and wealth management[30] - The company is committed to serving the real economy and enhancing wealth management services as part of its strategic objectives[149] - The company plans to enhance its active management capabilities and expand into multi-asset and multi-investment strategies in 2025, aiming to improve product performance and create sustainable value for investors[104] Operational Efficiency - Operating expenses decreased to CNY 8.48 billion, down 2.17% compared to the previous year[119] - The net cash flow from operating activities was CNY 30.87 billion, a significant recovery from a negative CNY 9.60 billion in the previous year[119] - The company has implemented a risk control indicator system, including risk appetite, risk tolerance, and risk limits, to strengthen risk management execution[158] Technology and Innovation - The company launched the first fully memory-based trading system A5 in the domestic securities industry, achieving full autonomy in its infrastructure[113] - The company is investing in new technology development, allocating $50 million for R&D initiatives[189] - The company is actively pursuing digital transformation and enhancing its self-research capabilities in technology[176]

Financial Performance - The company's operating income for Q1 2025 was CNY 3,091,654,081.85, representing a year-on-year increase of 38.95% compared to CNY 2,225,045,325.40 in the same period last year[5]. - Net profit attributable to shareholders for the same period was CNY 979,608,543.78, a significant increase of 114.86% from CNY 455,938,571.22 in the previous year[5]. - Basic and diluted earnings per share both increased by 122.22%, reaching CNY 0.20 per share compared to CNY 0.09 per share in the same period last year[5]. - Total revenue for Q1 2025 reached RMB 3,091,654,081.85, a significant increase from RMB 2,225,045,325.40 in Q1 2024, representing a growth of approximately 39%[17]. - Net profit for Q1 2025 was ¥981.16 million, representing a significant increase of 114.5% compared to ¥456.60 million in Q1 2024[19]. Cash Flow and Investments - The net cash flow from operating activities decreased by 59.32%, amounting to CNY 6,266,856,379.84, down from CNY 15,406,812,904.58 in the previous year[5]. - The company reported a total cash inflow from operating activities of approximately ¥29.90 billion in Q1 2025, compared to ¥24.56 billion in Q1 2024, marking a growth of 21.5%[20]. - The net cash flow from investment activities in Q1 2025 was negative at approximately ¥2.37 billion, an improvement from a negative cash flow of ¥11.69 billion in Q1 2024[21]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 199,397,798,358.58, reflecting a 12.14% increase from CNY 177,804,609,327.34 at the end of the previous year[6]. - Total liabilities as of March 31, 2025, were RMB 156,541,629,502.75, compared to RMB 135,545,648,616.02 at the end of 2024, reflecting an increase of approximately 15%[15]. - The company's cash and cash equivalents decreased to RMB 35,998,732,200.40 from RMB 38,310,667,331.83, a decline of about 6%[14]. - The company's cash and cash equivalents at the end of Q1 2025 stood at ¥42.62 billion, compared to ¥33.32 billion at the end of Q1 2024, reflecting an increase of 27.8%[21]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 98,124, with the largest shareholder, Suzhou International Development Group Co., Ltd., holding 24.33% of the shares[11]. - The total equity attributable to shareholders increased to RMB 42,324,983,736.14 from RMB 41,729,147,936.67, showing a growth of about 1.4%[15]. Risk Management - The risk coverage ratio decreased to 262.41% from 286.07% in the previous year, indicating a change in risk management metrics[6]. Other Financial Metrics - The weighted average return on equity rose by 1.19 percentage points to 2.33% compared to 1.14% in the previous year[6]. - Non-recurring gains and losses for the period totaled CNY 7,372,063.37 after tax adjustments, indicating the impact of various non-operational factors on the financial results[9]. - The company reported a decrease in derivative financial assets from RMB 143,578,101.47 to RMB 33,273,135.74, a decline of approximately 77%[14]. - The company’s short-term borrowings increased to RMB 1,150,809,863.06 from RMB 880,377,876.44, reflecting a rise of about 30%[15]. - Net interest income for Q1 2025 was approximately ¥274.72 million, an increase of 12.5% from ¥244.26 million in Q1 2024[18]. - The company’s total operating expenses for Q1 2025 were approximately ¥1.81 billion, an increase of 12.3% from ¥1.61 billion in Q1 2024[18]. - The total comprehensive income for Q1 2025 was approximately ¥597.21 million, a decrease of 6.5% from ¥638.95 million in Q1 2024[19]. Product Development and Market Strategy - The company has not disclosed any new product developments or market expansion strategies in the provided documents[13].

东吴证券股份有限公司 2024 年度独立董事述职报告 （陈忠阳） 2024年，本人作为东吴证券股份有限公司（以下简称"公司"）独立董事， 严格按照《公司法》《上市公司治理准则》《上市公司独立董事管理办法》等法 律法规和《上海证券交易所上市公司自律监管指引第1号——规范运作》《公司 章程》等制度的有关要求，忠实勤勉的独立履行职责，维护上市公司整体利益， 保护中小股东合法权益。现就2024年度履行职责情况述职如下： 一、基本情况 本人自2020年8月1日起担任东吴证券第四届董事会独立董事（任期至第四届 董事会届满），现任中国人民大学财政金融学院教授。本人详细简历及兼职情况 请查阅公司《2024年年度报告》第四节"公司治理"章节。 根据《上市公司独立董事管理办法》要求，本人完成了独立性自查并提交 《2024年度独立董事关于独立性自查情况的报告》，确认本人具有独立性，符合 上市公司独立董事任职资格条件及要求。 二、参加会议及与内部审计机构、会计师事务所沟通情况 （一）总体情况 报告期内，本人认真参加股东大会、董事会及相关专门委员会各次会议，在 充分了解公司经营现状的前提下，预先审阅全部议案文件，依托学术专长，对公 司 ...

东吴证券股份有限公司 董事会关于独立董事独立性自查情况的专项意见 根据《上市公司独立董事管理办法》《上海证券交易所上市公司自律监管指 引第 1 号——规范运作》等规定，公司董事会就在任独立董事的独立性情况进行 了评估并出具如下专项意见： 2025年4月26日 经核查公司在任独立董事陈忠阳先生、李心丹先生、周中胜先生、罗妍女士 的任职经历、兼职情况等有关信息，以及其签署的相关自查文件，公司在任独立 董事均不存在影响独立董事独立性的情况，符合《上市公司独立董事管理办法》 《上海证券交易所上市公司自律监管指引第 1 号——规范运作》等有关独立董事 独立性的相关要求。 东吴证券股份有限公司董事会 ...

每经记者 彭水萍 每经编辑 赵云 ｜2025年4月25日 星期五｜ NO.1 券商掀起一季度业绩浪，4家券商净利润翻倍 今年以来新发基金规模突破3000亿元，多达45只权益类基金募集规模超过10亿元。Choice数据显示，截 至4月24日，今年以来共成立了375只新基金，发行规模为3079.93亿元。权益类基金成为发行主力，共 有275只新基金成立，发行规模合计为1473.14亿元，其中45只发行规模在10亿元以上。具体来看，科创 主题指数基金强势吸金，发行规模合计538.44亿元。 免责声明：本文内容与数据仅供参考，不构成投资建议，使用前请核实。据此操作，风险自担。 NO.2 中信证券：汇金持有的ETF份额未曾出现净减少的情况 中信证券研报指出，2025年4月以来，汇金积极增持ETF有效稳定资本市场预期、提振投资者信心。但 同时市场有传言称汇金通常在市场阶段性上涨后卖出（如2024Q4）、近期的增持行为将对未来行情构 成减持压力，基于事实数据，此类揣测与实际情况完全不符。由于季报并不披露基金前10大持有人的信 息，我们统计了2023Q4-2025Q1公募基金季报披露的"单一投资者持有份额比例达到或超过20% ...

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。 东吴证券股份有限公司（以下简称"公司"）于2024年4月24日 成功发行东吴证券股份有限公司2024年度第六期短期融资券,发行总 额为人民币20亿元，票面利率为2.09%，期限为364天，兑付日期为2025 年4月23日。 证券代码：601555 股票简称：东吴证券 公告编号：2025-008 东吴证券股份有限公司 2024 年度第六期短期融资券兑付完成的公告 2025 年 4 月 25 日 2025年4月23日，公司完成兑付本期短期融资券本息共计人民币 2,041,685,479.45元。 特此公告。 东吴证券股份有限公司董事会 ...

2025年一季度金融机构共收到1740张罚单，同比减少45.13%，合计被罚没金额6.26亿元，同比略增3.64%。一季度以1月处罚力度最大，2月、3月罚单数量和 罚没金额较1月有所回落。 一、一季度不同类型机构处罚情况 国家金融监督管理总局今年一季度开出的罚单数量和罚没金额均少于去年同期，其中罚单数量同比减少54.3%，罚没金额同比减少21.47%。 央行的处罚力度则明显加大，今年一季度开出360张罚单，同比增加50%，合计罚没金额1.86亿元，同比增加121.42%。重点处罚违反反洗钱法、违反账户管 理规定、信用信息采集/提供/查询违规等。 从月度分布来看，1月份为处罚小高峰，此后2月、3月罚单数量和罚没金额有所回落。 今年一季度银行收到1070张罚单，合计被罚没4.58亿，保险公司收到500张罚单，合计被罚没9366.75万元。券商收到61张罚单。 二、一季度1000万元以上大额罚单 | 被罚 | | | | | --- | --- | --- | --- | | 对象 | 罚没金额(万元) | 处理机构 | 违规事项明细 | | | | | 1.违反信用信息采集、提 | | | | | 供、查询及相关 ...

| 短期融资券名称 | | 东吴证券股份有限公司2025年度第一期短期融资券 | | | --- | --- | --- | --- | | 短期融资券简称 | 25东吴证券CP001 | 短期融资券期限 | 365天 | | 短期融资券代码 | 072510069 | 发行日期 | 2025年4月21日 | | 起息日期 | 2025年4月22日 | 兑付日期 | 2026年4月22日 | | 计划发行总额 | 20亿元人民币 | 实际发行总额 | 20亿元人民币 | | 发行价格 | 100元/张 | 票面利率 | 1.79% | 本期发行短期融资券的相关文件已在以下网站上刊登： 证券代码：601555 证券简称：东吴证券 公告编号：2025-007 东吴证券股份有限公司 关于公司 2025 年度第一期短期融资券发行结果的公告 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。 东吴证券股份有限公司2025年度第一期短期融资券已于2025年4月21日发行， 缴款日为2025年4月22日，相关发行情况如下： 1、中国货币网（ww ...

盈利预测与投资评级：考虑到公司销量节奏变化，我们调整25-26年归母净利润预测至20.5/25.1亿元(此前预期 21/27亿元)，新增27年归母净利润预测30.2亿元，25-27年同增+40%/+22%/+21%，对应PE为17x/14x/12x，考 虑到公司消费龙头地位，给予25年25xPE，对应目标价27.8元，维持"买入"评级。 风险提示：电动车销量不及预期，行业竞争加剧。 东吴证券股份有限公司曾朵红,阮巧燕,岳斯瑶,朱家佟近期对欣旺达（300207）进行研究并发布了研究报告 《2024年年报点评：Q4业绩符合市场预期，电芯自供率持续提升》，下调欣旺达目标价至27.8元，给予买入 评级。 欣旺达 投资要点 Q4业绩符合预期。公司24年营收560亿元，同增17%，归母净利润14.7亿元，同增36%，毛利率15.2%，同增 0.6pct，归母净利率2.6%，同增0.4pct；其中24Q4营收177亿元，同环比+31%/+24%，归母净利润2.6亿元，同 环比-6%/-34%，毛利率13.4%，同环比-1.7/-1.7pct，归母净利率1.4%，同环比-0.6/-1.3pct。Q4包含资产处置损 益-1.4 ...