证券代码：601881 证券简称：中国银河 公告编号：2025-043 | 债券名称 | 中国银河证券股份有限公司 | 2025 | 年度第十二期短期融资券 | | --- | --- | --- | --- | | 债券简称 | 25 银河证券 CP012 | 债券流通代码 | 072510097 | | 发行日 | 2025 年 6 月 6 日 | 起息日 | 2025 年 6 月 9 日 | | 到期兑付日 | 2025 年 9 月 9 日 | 期限 | 92 天 | | 计划发行总额 | 30 亿元人民币 | 实际发行总额 | 30 亿元人民币 | | 票面年利率 | 1.67% | 发行价格 | 100 元/百元面值 | 本 期 发 行 短 期 融 资 券 的 相 关 文 件 已 刊 登 在 中 国 货 币 网 （www.chinamoney.com.cn）、上海清算所网站（www.shclearing.com）、 中国债券信息网（www.chinabond.com.cn）。 特此公告。 中国银河证券股份有限公司董事会 2025 年 6 月 10 日 中国银河证券股份有限公司 2025年度第十二期短 ...

证券代码：601881 证券简称：中国银河 公告编号：2025-043 | 债券名称 | 中国银河证券股份有限公司 | 2025 | 年度第十二期短期融资券 | | --- | --- | --- | --- | | 债券简称 | 25 银河证券 CP012 | 债券流通代码 | 072510097 | | 发行日 | 2025 年 6 月 6 日 | 起息日 | 2025 年 6 月 9 日 | | 到期兑付日 | 2025 年 9 月 9 日 | 期限 | 92 天 | | 计划发行总额 | 30 亿元人民币 | 实际发行总额 | 30 亿元人民币 | | 票面年利率 | 1.67% | 发行价格 | 100 元/百元面值 | 本 期 发 行 短 期 融 资 券 的 相 关 文 件 已 刊 登 在 中 国 货 币 网 （www.chinamoney.com.cn）、上海清算所网站（www.shclearing.com）、 中国债券信息网（www.chinabond.com.cn）。 特此公告。 中国银河证券股份有限公司董事会 2025 年 6 月 10 日 中国银河证券股份有限公司 2025年度第十二期短 ...

Core Viewpoint - The securities sector is experiencing a significant rebound, driven by active stock buybacks and favorable policies, leading to increased investor confidence and market activity [4][5][6]. Industry Summary - The Shanghai Composite Index has recovered above 3400 points, with the Securities ETF leading the charge, showing a 1.83% increase and trading volume exceeding 40 million yuan [1]. - The CSI Securities Company Index rose by 1.85%, with notable individual stock performances, including a 10.01% increase for Xinda Securities and a 7.03% rise for Dongxing Securities [3]. - Several brokerages have initiated share buybacks, with six firms having repurchased 129 million shares for a total of 13.1 billion yuan as of June 5 [4]. - The upcoming Lujiazui Forum on June 18-19 is expected to announce significant financial policies aimed at promoting stable development in the capital markets, which could directly benefit the securities sector [4][6]. Company Summary - The active buyback trend among brokerages is seen as a positive signal to the market, enhancing investor confidence and aligning with regulatory encouragement for companies to optimize their capital structures [5][6]. - The securities industry is expected to benefit from improved liquidity conditions and favorable policies, with optimistic projections for earnings growth in 2025, including a potential 37.7% year-on-year increase in net profit for the first half of 2025 [6].

Market Overview - A-shares experienced a strong upward movement on June 9, with the Shanghai Composite Index briefly returning to 3400 points, and nearly 3700 stocks in the green. The half-day trading volume reached 823 billion, an increase of 764 billion compared to the previous trading day [1] Factors Influencing Market Strength - The strengthening of indices is attributed to three main factors: 1. Central Huijin becoming the actual controller of eight companies including Xinda Securities, which is expected to drive a new round of mergers and acquisitions in the securities industry [2][5] 2. The Shanghai Stock Exchange held a meeting encouraging listed companies to increase dividend payouts, thereby enhancing investment value [3] 3. The Ministry of Commerce stated that the export control of rare earths aligns with international practices, having approved a certain number of compliant applications [4] Sector Performance - **Brokerage Sector**: The "bull market leader" brokerage stocks surged, with Xinda Securities hitting the daily limit. Other stocks like Yong'an Futures and Nanhua Futures also reached their daily limits, driven by the announcement of Central Huijin's control over several securities firms [5] - **Pharmaceutical Sector**: The innovative drug and CRO sectors saw significant gains, with multiple stocks such as Zhongseng Pharmaceutical and Ruizhi Pharmaceutical hitting their daily limits. Analysts predict a sustained recovery in the pharmaceutical market, highlighting structural opportunities [6] - **Rare Earth Permanent Magnet Sector**: This sector has shown repeated strength, with stocks like Zhongke Magnetic Materials reaching a 20% limit up. The Ministry of Commerce's comments on export controls have positively influenced this sector [7] - **Solid-State Battery Sector**: Stocks in this sector, including Yinglian Co. and Dexin Technology, also saw gains, with predictions of significant production increases by 2030 [8] Institutional Insights - **CITIC Securities**: The firm suggests that the upcoming bull market entry point may occur in late Q3 to Q4, but a transitional phase of 3-4 months is expected. They emphasize the need for more concrete measures to boost domestic demand and caution against macroeconomic uncertainties [10] - **CITIC Construction Investment**: They highlight June as a critical period for dividend releases, recommending tracking fund flows and industry conditions to identify high-dividend stock opportunities [11] - **Orient Securities**: They believe that despite external negative factors, internal support is strong, suggesting limited downside for stock indices and recommending patience for opportunities in sectors like technology and strategic metals [12]

Group 1 - The core viewpoint of the news highlights the strong performance of the brokerage sector, with the CSI All Share Securities Company Index rising by 1.77% as of June 9, 2025, and individual stocks like Xinda Securities increasing by 10.01% [1] - The brokerage ETF (159842) has seen a recent increase of 1.78%, with a latest price of 1.03 yuan, and a cumulative rise of 2.22% over the past week [1] - The trading volume for the brokerage ETF reached 48.78 million yuan, with a turnover rate of 2.77% during the session [1] Group 2 - The latest scale of the brokerage ETF has reached 1.736 billion yuan [2] - The trend of stock buybacks and "quality improvement and efficiency enhancement" actions in the brokerage industry reflects a focus on long-term value and aligns with regulatory efforts to promote high-quality development in the capital market [2] - The encouragement of industry consolidation by regulators is expected to enhance the investment attractiveness of the brokerage sector, with mergers and acquisitions serving as effective means for external growth and improving overall competitiveness [2]

Core Viewpoint - Huaguang New Materials (688379.SH) plans to issue shares to specific investors through a simplified procedure, with a total fundraising amount not exceeding 199 million yuan, aimed at funding the second phase of its production base project in Thailand [1][2]. Group 1: Share Issuance Details - The share issuance will target no more than 35 specific investors, including qualified institutional investors and other eligible entities as per the China Securities Regulatory Commission (CSRC) regulations [1]. - The pricing for the shares will be based on the average trading price over the 20 trading days prior to the issuance date, set at no less than 80% of this average [1]. - The total number of shares to be issued will not exceed 30% of the total share capital prior to the issuance, amounting to a maximum of 27,025,656 shares [1]. Group 2: Fund Utilization - The total investment for the second phase of the Thailand Huaguang welding materials production project is 249.3 million yuan, with the raised funds of 199 million yuan allocated entirely to this project [2][3]. Group 3: Shareholder Structure - As of the announcement date, the controlling shareholder Jin Limei holds 36.54% of the shares directly and controls an additional 10.38% through investment companies, totaling 46.92% [2][4]. - The share issuance will not change the control of the company, and the share distribution will remain compliant with listing requirements [2][4]. Group 4: Financial Performance - For Q1 2025, the company reported a revenue of 586 million yuan, a year-on-year increase of 62.58%, and a net profit attributable to shareholders of 95.44 million yuan, up 1140.90% [4][5]. - The net profit after excluding non-recurring gains and losses was 18.81 million yuan, reflecting a 176.83% increase compared to the previous year [4][5]. - The company has faced negative cash flow from operating activities for several years, with a net cash flow of -87.82 million yuan in the latest quarter [4][5].

编者按： 十载春华秋实，鉴往知来；十年星河璀璨，与光同行。自破茧初啼至引领风潮，"金长江"评选始终以专业 为炬、以公正为尺，丈量中国私募基金行业的奔腾浪潮。值此华章再启之际，证券时报·券商中国倾情推 出"金长江十年之共建私募生态圈"，盘点十年来证券公司、信托公司等机构在共建中国私募基金生态圈过 程中的不凡力量。此间星霜，既见群峰竞秀，亦显大江奔流。 在很多投资者眼中，基金托管通常只意味着购买基金时费率明细中的一行小字。但实际上，托管人承担着资产 保管、资金结算、估值核算、投资监督等重要职责，成为防范行业风险，保护投资者利益的重要防线，在私募 行业更是如此。 从2013年的初登舞台，到如今的万亿市场，券商私募托管业务以蓬勃之势闯入赛局，凭借强大的综合服务体系 打破商业银行的先发优势，如今更是伴着"扶优限劣"行业浪潮，以更加专业化市场化的服务，助推行业生态步 入行稳致远的正向循环。 从草莽到高质量发展 "券商私募托管业务的发展，与私募法规体系的更新完善密切相关。"招商证券告诉证券时报·券商中国记者。 作为首批获得托管业务资质的券商，招商证券已连续11年保持基金托管产品数量第一，开创了券商私募托管业 务诸多先河。在 ...

"国家队"中央汇金正式成为8家公司实控人，手持7张券商牌照。 据证监会网站5日消息，中国证监会正式核准中央汇金成为长城国瑞证券有限公司、东兴证券股份有限公司、信达证券股份有限公司、东兴基金管理有限公 司、信达澳亚基金管理有限公司、长城期货股份有限公司、东兴期货有限责任公司、信达期货有限公司等8家公司的实际控制人。 加上此前的银河证券、中金公司、申万宏源、中信建投等4家券商，中央汇金已集齐了长城国瑞证券、东兴证券、信达证券、银河证券、中金公司、申万宏 源、中信建投等7家券商牌照。 此外，今年2月，财政部将三大金融资产管理公司（AMC）——中国信达、中国长城和中国东方的股权无偿划转至中央汇金公司。股权划转完成后，中央汇 金公司将取代财政部，成为三家AMC公司的控股股东。此次股权划转是为落实国家机构改革要求，提高国有金融机构风险防控能力。 二、你公司及相关主体应当按规定及时办理工商变更登记等相关事宜，完善公司治理结构，维护公司及投资者的合法权益。 三、你公司在变更过程中如遇重大问题，须及时报告我会和公司住所地证监局。 中国证监会 2025年6月5日 批复全文如下： 长城国瑞证券有限公司、东兴证券股份有限公司、信达证 ...

证券代码：601881 证券简称：中国银河 公告编号：2025-042 2025 年 6 月 7 日 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个别及连带 责任。 中国银河证券股份有限公司（以下简称"本公司"）于 2025 年 3 月 5 日 成功发行了中国银河证券股份有限公司 2025 年度第四期短期融资券（以下简 称"本期短期融资券"），本期短期融资券发行额为人民币 20 亿元，票面利 率为 2.08%，短期融资券期限为 92 天，兑付日期为 2025 年 6 月 5 日。（详见 本公司于 2025 年 3 月 6 日刊登于上海证券交易所网站（www.sse.com.cn）的 《中国银河证券股份有限公司 2025 年度第四期短期融资券发行结果公告》）。 2025 年 6 月 5 日，本公司兑付了本期短期融资券本息共计人民币 2,010,485,479.45 元。 特此公告。 中国银河证券股份有限公司董事会 中国银河证券股份有限公司 2025年度第四期短期融资券兑付完成的公告 ...

证券代码：601881 证券简称：中国银河 公告编号：2025-040 中国银河证券股份有限公司 关于续聘会计师事务所的公告 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。 重要内容提示： 拟续聘的会计师事务所名称：安永华明会计师事务所（特殊普通合伙） 和安永会计师事务所 中国银河证券股份有限公司（以下简称"公司"）于 2025 年 6 月 4 日召开 第五届董事会第五次会议（临时），审议通过了《关于聘任公司 2025 年度外部 审计机构的议案》，同意聘任安永华明会计师事务所（特殊普通合伙）和安永 会计师事务所为公司 2025 年度外部审计机构，拟续聘的会计师事务所具体情况 如下： 一、拟聘任会计师事务所的基本情况 （一）机构信息 1. 安永华明会计师事务所（特殊普通合伙） （1）基本信息 安永华明会计师事务所（特殊普通合伙）（以下简称"安永华明"）于 1992 年 9 月成立，2012 年 8 月完成本土化转制，从一家中外合作的有限责任制事务 所转制为特殊普通合伙制事务所。安永华明总部设在北京，注册地址为北京市 东城区东长安 ...