华泰证券股份有限公司（以下简称"公司"）聘请德勤华永会计 师事务所（特殊普通合伙）（以下简称"德勤华永"）为公司及控股 子公司 2024 年度会计报表和内部控制审计服务机构并出具 A 股审计 报告和内控审计报告及 GDR 审计报告；聘任德勤·关黄陈方会计师行 （以下简称"德勤香港"，与德勤华永统称"德勤会计师事务所"） 为公司 H 股审计服务机构并出具 H 股审计报告。根据财政部、国资委 及中国证监会颁布的《国有企业、上市公司选聘会计师事务所管理办 法》等规定及公司内部管理要求，公司对德勤会计师事务所 2024 年 度审计工作中的履职情况进行了评估。经评估，公司认为德勤会计师 事务所在 2024 年度审计服务中，保持了独立性，工作勤勉尽责，表 现了良好的职业操守和执业水平，按时按质完成了公司 2024 年度审 计、审阅和其他相关专业服务工作。具体情况如下： 一、2024 年度年审会计师事务所基本情况 （一）德勤华永 德勤华永的前身是 1993 年 2 月成立的沪江德勤会计师事务所有 限公司，于 2002 年更名为德勤华永会计师事务所有限公司，于 2012 年 9 月经财政部等部门批准转制成为特殊普通合伙企业。 ...

华泰证券股份有限公司董事会审计委员会 对 2024 年度年审会计师事务所履行监督职责情况的报告 根据《中华人民共和国公司法》《中华人民共和国证券法》《上市 公司治理准则》《证券公司治理准则》《国有企业、上市公司选聘会计 师事务所管理办法》《上海证券交易所上市公司自律监管指引第 1 号 —规范运作》以及公司《章程》《董事会专门委员会工作细则》等有 关规定和要求，华泰证券股份有限公司（以下简称"公司"）董事会 审计委员会本着勤勉尽责的原则，恪尽职守，认真履职。现将公司董 事会审计委员会对 2024 年度年审会计师事务所履行监督职责的情况 报告如下： 一、2024 年度年审会计师事务所基本情况 （一）会计师事务所基本情况 1、德勤华永 德勤华永会计师事务所（特殊普通合伙）（以下简称"德勤华永"） 的前身是1993年2月成立的沪江德勤会计师事务所有限公司，于2002 年更名为德勤华永会计师事务所有限公司，于 2012 年 9 月经财政部 等部门批准转制成为特殊普通合伙企业。 德勤华永具有财政部批准的会计师事务所执业证书，并经财政部、 中国证监会批准，获准从事 H 股企业审计业务。德勤华永已根据财政 部和中国证监会《会 ...

CH 华泰证券 A 2024 C 华泰证券·社会责任报告 HUATAI SECURITIES SOCIAL RESPONSIBILITY REPORT 华泰证券·致力于成为 兼具本土优势和全球影响力的一流投资银行 报告目录 REPORT CONTENTS 开篇 ｜04 报告编制说明 董事会环境、社会及公司治理（ESG）管理声明 关于华泰证券 响应联合国可持续发展目标 ( SDGs ) 荣誉与认可 ESG融入 夯实可持续治理 |14 深化ESG理念 完善ESG治理 ESG风险管理 利益相关方沟通 重要性议题识别与分析 释放数字创新价值 保障信息安全及隐私 优化产品与服务 加大投资者教育力度 绿色发展 服务美丽中国建设 | 63 应对气候变化 践行绿色运营 服务实体经济 聚焦"五篇大文章" | 40 深化科技金融 赋能绿色金融 点亮普惠金融 共筑养老金融 打造数字金融 责任先行 推动高质量发展 | 55 助力长三角一体化发展 支持京津冀协同发展 推动粤港澳大湾区建设 促进高水平对外开放 服务乡村振兴 创新驱动 坚守产品服务责任 ｜ 79 保护生物多样性 完善绿色供应链 以人为本 绘就温暖底色 | 90 保障员工权 ...

华泰证券股份有限公司董事会 关于独立董事独立性情况的专项意见 根据中国证监会《上市公司独立董事管理办法》《证券基金经营 机构董事、监事、高级管理人员及从业人员监督管理办法》、上海证 券交易所《股票上市规则》《上市公司自律监管指引第 1 号——规范 运作》等规定，华泰证券股份有限公司（以下简称"公司"）董事会 结合独立董事王建文先生、王全胜先生、彭冰先生、王兵先生、老建 荣先生的任职经历、兼职情况、主要社会关系等有关信息，以及其签 署的相关自查文件，就上述 5 位独立董事的独立性情况进行了评估并 出具如下专项意见： （一）独立董事及其配偶、父母、子女、主要社会关系人员未在 公司或者公司附属企业任职； （二）独立董事及其配偶、父母、子女未直接或者间接持有公司 已发行股份 1%以上，不是公司前 10 名股东中的自然人股东； （三）独立董事及其配偶、父母、子女不是直接或者间接持有公 司已发行股份 5%以上的股东，未在公司前 5 名股东任职； （四）独立董事及其配偶、父母、子女未在公司控股股东、实际 控制人的附属企业任职； （八）独立董事不是法律、行政法规、中国证监会规定、上海证 券交易所业务规则和公司《章程》规定的不 ...

Core Viewpoint - Baidu Cloud (06608.HK) reported a revenue of 2.929 billion yuan for 2024, representing a year-on-year growth of 9%, while net profit decreased by 21% to 266 million yuan [1] Group 1: Financial Performance - The net profit of Baidu Cloud fell short of expectations, primarily due to higher-than-expected expenses, which increased by 176% to 110 million yuan in share-based payments compared to 2023 [1] - The non-IFRS net profit, excluding share-based payments, was 376 million yuan, showing a slight increase of 0.3% year-on-year [1] - The company's revenue from BaaS financial cloud services saw a slowdown in growth, and the core customer count and average revenue from MaaS services declined [1][3] Group 2: Market Strategy and Future Outlook - The company plans to significantly increase its investment in research and marketing, which may impact profitability in the short term but is aimed at maintaining long-term competitive advantages [1] - Analysts from Huatai Securities and CICC have adjusted their profit forecasts for the company, predicting net profits of 244 million, 396 million, and 606 million yuan for 2025, 2026, and 2027, respectively, reflecting a decrease of 52.5% and 47.0% for the first two years [2] - The shift from a risk control-focused data service provider to an AI service provider is prompting a change in valuation methods, with target prices adjusted to 13.1 HKD and 12.88 HKD by different analysts [2] Group 3: Business Segments - Baidu Cloud's revenue is primarily derived from two segments: MaaS (data query services) and BaaS (transaction facilitation services), with financial cloud services accounting for 48.17% of total revenue [3] - The BaaS financial cloud segment generated 1.411 billion yuan in revenue in 2024, serving as the core revenue source for the company, although its growth rate has noticeably slowed [3] - The company has reported that the cumulative loan amount for its consumer loan products reached nearly 100 billion yuan by the end of 2023, with over 100 million registered users for its loan brands [3]

Group 1 - The Ministry of Commerce is promoting a consumption boost plan focusing on upgrading product consumption, expanding service consumption, cultivating new consumption types, and innovating consumption scenarios [1][5] - Current consumer demand is stabilizing, particularly in the restaurant and service sectors, with a notable increase in retail sales of communication devices, furniture, and home appliances [3][4] - The "trade-in" policy is expected to significantly boost retail sales growth, with estimates suggesting it could add approximately 0.9-1.2 percentage points to annual retail sales growth [4][6] Group 2 - The plan includes measures to lower housing provident fund loan rates and provide interest subsidies on consumer loans, which may improve residents' cash flow and income expectations [6][7] - The real estate sector is showing signs of recovery, which could alleviate its drag on economic growth, while AI-related investments are anticipated to enter a rapid growth phase, potentially driving GDP growth [2][9] - The government aims for a 5% growth target for the year, with a focus on stabilizing domestic demand and supporting the transition from export-driven to consumption-driven economic growth [8][9]

Summary of Conference Call on Real Estate and Related Industries Industry Overview - The conference call primarily discusses the **real estate market** and its related sectors, including **steel**, **cement**, and **building materials** industries. Key Points and Arguments Real Estate Market Performance - The real estate market has shown strong momentum from 2024 to 2025, with both new and second-hand home sales performing well, particularly second-hand homes, which saw a year-on-year increase of **2%**. In key cities, the year-on-year growth rate for new and second-hand homes reached **20%** [2][3] - The demand structure in the real estate market exhibits a "dumbbell" characteristic, with increased demand for large units and low-priced housing, indicating buyers' dual pursuit of improved living conditions and cost-effectiveness [3][4] Market Dynamics - The entry of first-time homebuyers has positively impacted the market, enhancing expectations for price stabilization and driving overall transaction volume up. The leverage effect from low-priced housing sales is significantly higher than that of large units, contributing to a healthier market structure [4] - Despite the positive performance, uncertainties remain, such as significant price fluctuations in some cities and seasonal factors that may affect second-quarter data [5] Future Outlook for Related Industries - The steel and cement industries are expected to benefit from the gradual relaxation of policies and improvements in the investment environment. A stable real estate market is viewed positively for the development prospects of these sectors [6] - The steel sector is currently at a low valuation level, with PB and PE ratios at near ten-year lows, indicating limited downside and significant upside potential if policies are favorable and demand improves [8] Construction and Material Demand - In the first two months of 2025, the construction industry saw a **127%** year-on-year increase in new construction area, indicating a recovery in demand. Cement production saw a narrowing decline compared to the previous year, suggesting a stabilization trend [21] - Cement prices are expected to rise due to demand-driven factors, with clinker inventory at a new low and significant production control measures in place [20] Steel Industry Insights - The steel industry has experienced a consensus on supply surplus, with profit improvements expected to be more sustainable than in the past. The potential for profit erosion from raw material prices is considered low [16] - The industry has faced demand declines but does not represent a systemic risk, as manufacturing demand remains stable despite significant drops in construction-related demand [17] Building Materials Market Trends - The building materials sector is showing signs of recovery, with price increases expected in various categories, including cement and fiberglass, driven by seasonal demand and supply constraints [19][22] - The glass market is also experiencing price increases influenced by futures markets, with expectations for a rebound despite high inventory levels [23] Consumer Building Materials - In the consumer building materials sector, companies in renovation materials are performing well, with double-digit growth in sales volume in early 2025. However, high costs have led to a decline in sales volume later in the quarter [24] Investment Opportunities - The cyclical segments of the real estate chain, particularly in building materials like cement and fiberglass, are viewed as resilient and promising investment opportunities, with high dividend yields from leading companies [26] Additional Important Insights - The call emphasizes the importance of monitoring macroeconomic data and demand changes in late March to April to assess future trends in the real estate and related industries [26]

证券代码：601688 证券简称：华泰证券 公告编号：临 2025-004 华泰证券股份有限公司 关于召开 2024 年度业绩说明会的公告 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。 投资者可于 2025 年 3 月 24 日(星期一)至 3 月 28 日(星期 五)16:00 前登录上证路演中心网站首页点击"提问预征集"栏目或通 过公司邮箱 boardoffice@htsc.com 进行提问。公司将在说明会上对 投资者普遍关注的问题进行回答。 华泰证券股份有限公司（以下简称"公司"）将于 2025 年 3 月 28 日发布公司 2024 年度报告，为便于广大投资者更全面深入地了解公 司 2024 年度经营成果、财务状况，公司计划于 2025 年 3 月 31 日（星 期一）16:00-17:00 举行华泰证券 2024 年度业绩说明会，就投资者 关心的问题进行交流。 一、说明会类型 本次投资者说明会以网络互动形式召开，公司将针对 2024 年度 1 的经营成果及财务指标的具体情况与投资者进行互动交流和沟通，在 信息披露允 ...

中国经济网北京3月20日讯 今日，华泰证券(上海)资产管理有限公司公告，姚石离任华泰紫金中证1000 指数增强发起、华泰紫金中证500指数增强发起。 姚石2014年7月至2015年8月曾任中国金融期货交易所股份有限公司助理经理。 2015年8月至2021年8月曾任海通证券研究所金融工程高级分析师。 2021年9月加入华泰证券(上海)资产管理有限公司，先后担任研究员、基金经理助理。 2022年12月27日任基金经理。 华泰紫金中证1000指数增强发起A/C成立于2023年6月8日，截至2025年3月19日，其今年来收益率为 11.47%、11.38%，累计收益率为12.74%、11.94%，累计净值为1.1274元、1.1194元。 华泰紫金中证500指数增强发起A/C成立于2023年2月22日，截至2025年3月19日，其今年来收益率为 6.55%、6.45%，累计收益率为2.61%、1.76%，累计净值为1.0261元、1.0176元。 ...