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通告的內容概不負責，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通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。 （於中華人民共和國註冊成立之股份有限公司， 中文公司名稱為華泰證券股份有限公司，在香港以HTSC名義開展業務） （股份代號：6886） 2025年第二次H股類別股東會通告 茲通告本公司謹訂於2025年10月17日（星期五）下午2時40分（或緊隨本公司2025 年第一次臨時股東大會及2025年第二次A股類別股東會或其續會結束後）假座中國江蘇 省南京市建鄴區奧體大街139號南京華泰萬麗酒店會議室舉行2025年第二次H股類別股 東會（「H股類別股東會」），以處理下列事項： 特別決議案 議案信息 提呈 H 股類別股東會審議的議案及董事就該議案提出的建議詳情刊載於本 公司日期為2025年9月26日（星期五）的通函中，該通函已刊載於香港聯交所網站 ( www.hkexnews.hk )及本公司網站( www.htsc.com.cn )，並按H股股東選擇收取公司通訊 方式寄發予H股股東。 釋義 於本通告，除文義另有所指 ...

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通告的內容概不負責，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通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。 （於中華人民共和國註冊成立之股份有限公司， 中文公司名稱為華泰證券股份有限公司，在香港以HTSC名義開展業務） （股份代號：6886） 釋義 於本通告，除文義另有所指外，下列詞彙具有以下涵義。 「A股」 本公司股本中每股面值人民幣1.00元的內資股，以人民幣 認購或列作繳足，並於上海證券交易所上市交易 2025年第一次臨時股東大會通告 茲通告本公司謹訂於2025年10月17日（星期五）下午2時40分假座中國江蘇省南 京市建鄴區奧體大街139號南京華泰萬麗酒店會議室舉行臨時股東大會，以處理下列事 項（特別決議案以*標記）： 決議案 議案信息 提呈臨時股東大會審議的決議案及董事就該等議案提出的建議詳情刊載於本 公司日期為2025年9月26日（星期五）的通函中，該通函已刊載於香港聯交所網站 ( www.hkexnews.hk )及本公司網站( www.htsc.com.cn )，並按H股股東選擇收取公司通訊 方 ...

此乃要件 請即處理 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通函的內容概不負責，對其準確性或完整性亦不發表任何 聲明，並明確表示，概不對因本通函全部或任何部分內容而產生或因依賴該等內容而引致的任何損失承擔任何責任。 閣下對本通函的任何內容或將採取的行動如有任何疑問，應諮詢 閣下的股票經紀或其他註冊證券交易商、銀行經 理、律師、專業會計師或其他專業顧問。 閣下如已售出或轉讓所有名下的本公司的股份，應立即將本通函連同隨附的代表委任表格送交買主或承讓人或經手買 賣或轉讓的銀行、股票經紀或其他代理商，以便轉交買主或承讓人。 （於中華人民共和國註冊成立之股份有限公司， 中文公司名稱為華泰證券股份有限公司，在香港以HTSC名義開展業務） （股份代號：6886） 2025 年度中期利潤分配方案 修 訂 公 司《 章 程 》 2025年9月26日 頁次 | 釋義 | | | 1 | | --- | --- | --- | --- | | 董事會函件 | | | 4 | | 2025年第一次臨時股東大會通告 | | | 12 | | 2025年第二次H股類別股東會通告 | | | 16 | | 附件一 | － | ...

| 024 | 公司業務概要 | | --- | --- | | 030 | | 公司治理 062 070 078 084 公司治理、環境和社會 重要事項 股份變動及股東情況 債券相關情況 財務報告及備查文件 目 錄 Contents 關於我們 | 004 | 重要提示 | | --- | --- | | 006 | 釋義 | | 010 | 公司簡介 | | 018 | 業績概覽 | 經營分析與戰略 | 106 | 中期審閱報告 | | --- | --- | | 194 | 備查文件目錄 | | 194 | 證券公司信息披露 | | 195 | 附錄：信息披露索引 | 管理層討論與分析 關於我們 ABOUT US 重要提示 釋義 公司簡介 業績概覽 004 006 010 018 重要提示 釋義 公司簡介 業績概覽 004 006 010 018 關於我們 ABOUT US HUATAI SECURITIES 重要提示 本公司董事會、監事會及董事、監事、高級管理人員保證中期報告內容的真實、準確、完整，不存 在虛假記載、誤導性陳述或重大遺漏，並承擔個別和連帶的法律責任。 未出席董事情況 | 未出席董事職務 ...

Core Viewpoint - UBS maintains an optimistic stance on Chinese stocks, particularly favoring A-shares due to their relative valuation attractiveness, which is at a 30% discount compared to the MSCI World Index and aligns with historical averages [1] Industry Preferences - UBS is bullish on the AI theme, A-share brokerage firms, and high-dividend stocks [1] - The firm selectively supports the "anti-involution" theme, showing preference for sectors such as solar energy, chemicals, and lithium batteries [1] Preferred Stocks - UBS has listed its top picks for Chinese stocks, including A-shares such as Huatai Securities, Northern Huachuang, Yutong Bus, Kingsoft Office, Yangtze Power, and Small Commodity City, all rated as "Buy" [1] - For H-shares, the preferred stocks include China Mobile, Tencent, CRRC, and BYD, also rated as "Buy" [1] - ADRs highlighted by UBS include NetEase, Alibaba, and Global Data, all receiving a "Buy" rating [1]

Core Viewpoint - The securities sector experienced a notable upward trend on September 26, with several companies showing significant gains, indicating a positive market sentiment in this industry [2] Group 1: Company Performance - Xiangcai Co., Ltd. saw its stock price increase by over 5% [2] - Other companies that performed well include Guotou Capital, Guosheng Jin控, Hatou Co., Changjiang Securities, and Huatai Securities, all of which had notable gains [2]

Core Viewpoint - The A-share market is experiencing increased liquidity and risk appetite, as indicated by the rise in margin trading balances and the performance of brokerage stocks, suggesting a favorable environment for investment in the brokerage sector [2][4]. Group 1: Market Performance - As of September 26, 2025, the CSI All Share Securities Company Index rose by 0.10%, with notable increases in individual stocks such as Xiangcai Co. (7.14%) and Guotou Capital (2.76%) [1]. - The brokerage ETF (512000) has seen a recent increase in trading volume, with a turnover of 0.57% and a total transaction value of 201 million yuan [1]. - The brokerage ETF's scale reached 35.356 billion yuan, marking a one-year high, and its shares totaled 60.448 billion, also a one-year high [1]. Group 2: Margin Trading and Market Sentiment - On September 24, the A-share margin trading balance increased by over 14 billion yuan, reaching a historical high of 2.43 trillion yuan [2]. - The margin trading balance has remained above 2 trillion yuan since August 5, indicating a sustained increase in market risk appetite [2]. - Shanxi Securities noted a significant rise in market trading activity, attributing it to ongoing capital market reforms and supportive financial policies [2]. Group 3: Brokerage Sector Outlook - The continuous increase in margin trading balances reflects an overall improvement in the liquidity environment of the A-share market [2]. - With the ongoing capital market reforms, some brokerages are expected to explore growth opportunities through both external and internal development strategies [2]. - The brokerage ETF is designed to track the CSI All Share Securities Company Index, providing exposure to 49 listed brokerage stocks, with a focus on both leading and smaller brokerages [4].

Group 1 - The market experienced fluctuations with the ChiNext Index rebounding over 2%, reaching a three-year high [1] - The trading volume in the Shanghai and Shenzhen markets was 2.37 trillion yuan, an increase of 44.3 billion yuan compared to the previous trading day [1] - Sectors such as gaming, AI applications, and controllable nuclear fusion saw significant gains, while port shipping, precious metals, and oil and gas sectors faced declines [1] Group 2 - Huatai Securities is optimistic about investment opportunities arising from the "14th Five-Year Plan" capacity electricity pricing and peak-valley price differences, predicting that by 2027-2030, the peak-valley price difference will reach around 0.4 yuan per kilowatt-hour [2] - CITIC Jiantou highlights the domestic dairy product deep processing sector entering a high growth phase, with future capacity expected to exceed 700,000 tons and B-end deep processing demand projected to exceed 26 billion yuan [3] - CITIC Securities anticipates that the weakness of the US dollar will persist at least until the end of 2025, influenced by narrowing monetary policy differentials and slowing economic momentum in the US [4]

Core Viewpoint - The housing rental market is expected to maintain a slight downward trend in market-driven rents due to continued supply expansion since 2025, while guaranteed rental housing remains stable under the support of essential demand from consumers [1] Group 1: Market Dynamics - The operating performance of guaranteed rental housing reinforces its dividend characteristics, contributing to the stability of market valuations, which are the highest among C-REIT sectors [1] - The scale of guaranteed rental housing REITs is anticipated to accelerate in expansion [1] Group 2: Demand and Supply Analysis - Housing demand is characterized by rigidity, and new policies may enhance consumer recognition of the housing rental market, leading to an increase in rental demand [1] - On the supply side, the pace of new additions is beginning to weaken marginally, with supply methods gradually shifting towards the renovation of existing properties, acquisition of commercial housing, and conversion of commercial properties to residential use, paving the way for the high-quality development of guaranteed rental housing REITs [1] Group 3: Investment Outlook - The sustained stability of guaranteed rental housing REITs' operations, combined with stable dividend payouts, solidifies their investment value [1]

登录新浪财经APP 搜索【信披】查看更多考评等级 重要提示 1、华泰紫金价值精选混合型证券投资基金（以下简称"本基金"）的募集已获中国证券监督管理委员会 2025年9月18日证监许可[2025]2061号文准予注册的批复。中国证券监督管理委员会（以下简称"中国证 监会"）对本基金的注册并不代表中国证监会对本基金的风险和收益做出实质性判断、推荐或保证，也 不表明投资于本基金没有风险。中国证监会不对基金的投资价值及市场前景等作出实质性判断或者保 证。 2、本基金类别为混合型证券投资基金，运作方式为契约型开放式。 3、本基金的基金管理人为华泰证券（上海）资产管理有限公司（以下简称"本公司"），基金托管人为 招商银行股份有限公司，登记机构为华泰证券（上海）资产管理有限公司。 4、本基金募集对象为符合法律法规规定的可投资于证券投资基金的个人投资者、机构投资者、合格境 外投资者以及法律法规或中国证监会允许购买证券投资基金的其他投资人。 5、本基金自2025年10月13日至2025年10月24日通过基金管理人的直销网点（包括直销机构直销中心、 网上交易系统等）及基金销售机构的销售网点发售。基金管理人可根据募集情况，在符合相 ...