Core Viewpoint - The report outlines the ongoing supervision and guidance provided by the sponsor institution, Fangzheng Securities, for Jiangsu Jingyuan Environmental Protection Co., Ltd., emphasizing the company's compliance with regulations and its operational performance during the reporting period [1][2][3]. Ongoing Supervision Work - The sponsor institution has established a comprehensive and effective supervision system and has signed a continuous supervision agreement with the company, clarifying the rights and obligations of both parties during the supervision period [1]. - During the supervision period, the company has not disclosed any illegal or regulatory violations, and the sponsor has conducted regular communication and inspections to understand the company's operational status [1][2]. - The company has adhered to legal and regulatory requirements, ensuring that its directors, supervisors, and senior management comply with relevant laws and fulfill their commitments [1][2][3]. Financial Performance - The company reported a net profit attributable to shareholders of -24.73 million yuan, a year-on-year decrease in losses by 15.39%, primarily due to increased fixed asset depreciation and convertible bond interest expenses [5][11]. - The overall revenue increased by 20.18% year-on-year, reaching approximately 476.09 million yuan, driven by the expansion of its main business and successful project performance [15][16]. Business Development - The company is focusing on expanding its main business and exploring new areas in industrial water treatment, which has laid a solid foundation for sustainable growth [5][16]. - The company has developed several advanced technologies in wastewater treatment, including electronic flocculation and zero discharge technologies, which have been recognized as internationally advanced [17][18]. Risks and Challenges - The company faces risks related to significant performance declines or losses, with ongoing efforts to optimize resource allocation and improve operational efficiency [5][6]. - The competitive landscape in the industrial water treatment sector is intense, with increasing demands for technology, brand, and service quality [7][8]. - The company is also exposed to financial risks due to a high proportion of accounts receivable, which accounted for 60.80% of current assets, potentially affecting cash flow and asset quality [11][12]. Regulatory Compliance - The company has received a high-tech enterprise certificate, allowing it to benefit from a reduced corporate income tax rate of 15%, contingent on maintaining its high-tech status [12]. - The company has complied with regulations regarding the management and use of raised funds, ensuring proper storage and allocation of funds for designated projects [29].

券业老将迎来到站时刻。 5月9日，方正证券发布公告，因已到退休年龄，何亚刚申请辞去公司董事、执行委员会主任、执行委员会委员 及总裁职务。与此同时，方正证券新总裁很快浮出水面，董事会同意聘任公司现任执行委员会委员、副总裁姜 志军为总裁。 据悉，何亚刚1992年就加入了方正证券，2015年即担任公司总裁，2020年担任公司执行委员会主任，在公告 中，方正证券对何亚刚总结是"入司于微时，展志于茂林"，与公司一同拼搏图强、砥砺奋进，为公司发展作出 了重要贡献，并对何亚刚表示感谢。 值得一提的是，在前几日，招商证券也公告，现任总裁吴宗敏因年满退休年龄，正式辞去公司总裁及董事等职 务。 原总裁到龄退休 何亚刚于2020年开始担任执行委员会主任，并在年报中公开致辞，总结该公司每年的工作和未来战略的展望。 5月9日，方正证券发布公告显示，该公司董事会收到公司董事、执行委员会主任、总裁何亚刚递交的书面辞职 报告。因已到退休年龄，何亚刚申请辞去公司董事、执行委员会主任、执行委员会委员及总裁职务。 履历显示，何亚刚于1964年5月出生，工学硕士。曾任职于泰阳证券有限责任公司（后被方正证券合并），历 任公司总裁助理、副总裁、执行委员 ...

Core Insights - The net income from investment banking services for 42 A-share listed securities firms in 2024 totaled 30.608 billion yuan, representing a year-on-year decline of 27.4% [1][2] - Only 6 out of the 42 firms reported a year-on-year increase in investment banking income, while 36 experienced a decline [1][3] - The significant drop in investment banking revenue is closely linked to a substantial reduction in the equity financing market, with the number of IPOs falling by 68.05% to 100 and total fundraising down by 81.11% to 67.353 billion yuan [2][3] Investment Banking Revenue - CITIC Securities reported the highest net income from investment banking at 4.159 billion yuan, while Huayin Securities had the lowest at 0.17 billion yuan [1][2] - The firm with the highest growth in investment banking income was Shouchuang Securities, with an increase of 91.15%, while Huayin Securities saw the largest decline at 83.74% [1][2] Profitability Analysis - Guotai Junan's investment banking division achieved the highest profit at 2.922 billion yuan, while Founder Securities reported the lowest profit at -0.593 billion yuan [1][5] - Founder Securities faced significant losses due to a lack of successful equity underwriting projects, with a 100% rejection rate for its equity sponsorship projects [5][10] Specific Firm Performance - Changjiang Securities transitioned from profit to loss, with its investment banking profit dropping from 172 million yuan in 2023 to a loss of 78 million yuan in 2024 [6][8] - The withdrawal and rejection rate for Changjiang Securities' IPO projects increased dramatically, reaching 84.62% in 2024 [6][10] - Founder Securities' investment banking division reported a loss of 593 million yuan, primarily due to the sale of real estate assets at a significant loss [7][10] Market Context - The decline in investment banking revenue is attributed to regulatory changes aimed at improving the quality of intermediary services, which has reshaped the investment banking landscape [2][5] - The overall market for equity underwriting has contracted significantly, impacting the revenue streams of many securities firms [2][3]

Core Points - The company is preparing for the 2024 Annual General Meeting (AGM) scheduled for May 30, 2025, to ensure the protection of shareholders' rights and maintain order during the meeting [2][3] - The company has reported steady growth in its financial performance for 2024, with operating income reaching 7.718 billion and net profit at 2.207 billion, reflecting year-on-year increases of 8.42% and 2.55% respectively [8][9] - The company emphasizes compliance and risk management, having not added any significant risks for four consecutive years, and has implemented various initiatives to enhance corporate culture and governance [9][13] Meeting Procedures - The AGM will include a combination of on-site and online voting, with specific procedures outlined for shareholder participation and voting [3][6] - The company will not provide gifts or arrange accommodations for shareholders attending the AGM, ensuring equal treatment for all [6] - Legal representatives will be present to provide legal opinions during the meeting [4] Financial Performance - The company achieved a stable growth trajectory in 2024, with a focus on enhancing operational quality and profitability [8][9] - The board of directors has proposed an increase in cash dividends, with plans to distribute 395 million in cash dividends in October 2024 and an additional 488 million at the end of the year, marking historical highs [12] Governance and Compliance - The board has undertaken significant governance improvements, including the revision of various internal regulations to enhance operational efficiency and compliance [10][16] - The company has actively engaged in investor relations, conducting performance briefings and enhancing communication with stakeholders [11] Social Responsibility - The company is committed to social responsibility, actively participating in rural revitalization projects and educational initiatives, benefiting thousands of individuals [13][16]

Meeting Information - The shareholders' meeting is scheduled for May 30, 2025, at 14:30 [1] - The meeting will be held at the 19th floor of Zhaotai International Center, No. 10, Chaoyangmen South Street, Chaoyang District, Beijing [1] - Voting will be conducted through both on-site and online methods using the Shanghai Stock Exchange's network voting system [1] Voting Procedures - The online voting period is from May 30, 2025, during trading hours: 9:15-9:25, 9:30-11:30, and 13:00-15:00 [1] - Shareholders can vote via the trading system or the internet voting platform [4] - Shareholders holding multiple accounts can aggregate their voting rights across all accounts [5] Agenda Items - The meeting will review the proposal to confirm the amount of daily related transactions for 2024 and the estimated amount for 2025 [2] - There are no special resolutions or proposals requiring separate voting for minority shareholders [2] Attendance and Registration - Shareholders registered by the close of trading on May 23, 2025, are eligible to attend [6] - Registration for attendance can be done in person or through pre-registration via email, mail, or fax [6] - The pre-registration period is from May 28 to May 29, 2025 [6] Additional Information - The company will provide reminder services to ensure that minority shareholders are informed about the meeting and voting [4] - Attendees are responsible for their own accommodation and travel expenses [6]

证券代码：601901 证券简称：方正证券 公告编号：2025-018 方正证券股份有限公司 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。 公司董事会于 2025 年 5 月 9 日收到公司董事、执行委员会主任、总裁何亚刚 先生递交的书面辞职报告。因已到退休年龄，何亚刚先生申请辞去公司董事、执 行委员会主任、执行委员会委员及总裁职务。何亚刚先生已确认与公司董事会及 管理层无任何意见分歧，且无任何与辞任有关的事项须提请公司股东注意。 根据《公司法》及公司《章程》规定，何亚刚先生的辞职不会导致公司现有 董事会成员人数低于法定最低人数，自辞职报告送达董事会之日起生效。根据公 司《章程》及董事会专门委员会工作细则的规定，何亚刚先生辞去公司董事职务 的同时，亦不再担任董事会战略发展委员会委员及提名委员会委员职务。截至本 公告披露日，何亚刚先生未持有公司股份。 何亚刚先生自 1992 年加入公司，三十余载躬耕不辍，以岁月匠心雕琢出公司 的璀璨华章。自 2003 年起，何亚刚先生历任公司总裁助理、副总裁、执行委员会 委员、总裁、执行委员会 ...

方正证券：因已到退休年龄，何亚刚先生申请辞去公司董事、执行委员会主任、执行委员会委员及总裁 职务。董事会同意聘任公司现任执行委员会委员、副总裁姜志军先生为总裁。 ...

Core Viewpoint - The company held its 14th meeting of the fifth board of directors on May 9, 2025, where significant decisions regarding board member appointments and executive management were made [1][2]. Group 1: Board Decisions - The board approved the proposal to elect Mr. Jiang Zhijun as a director of the fifth board, following the resignation of Mr. He Yagang [1]. - The voting results for the board member election were unanimous, with 9 votes in favor, 0 against, and 0 abstentions [2]. Group 2: Executive Appointments - The board also approved the appointment of Mr. Jiang Zhijun as the president of the company, in light of Mr. He Yagang's resignation from the position [2]. - Mr. Jiang Zhijun will also serve as the chairman of the executive committee, with both appointments aligning with the term of the fifth board [2].

方正证券总裁何亚刚到龄退休 副总裁姜志军接棒 智通财经5月9日电，方正证券迎来总裁变动。因已到退休年龄，何亚刚申请辞去公司董事、执行委员会 主任、执行委员会委员及总裁职务，由公司副总裁姜志军履新公司总裁以及执行委员会主任等职务。自 2003年起，何亚刚历任公司总裁助理、副总裁、执行委员会委员、总裁、执行委员会主任等职务，亲历 并引领公司多次治理体系变革与战略转型。（智通财经记者 林坚） ...

证券代码：601901 证券简称：方正证券 公告编号：2025-018 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。 公司董事会于 2025 年 5 月 9 日收到公司董事、执行委员会主任、总裁何亚刚 先生递交的书面辞职报告。因已到退休年龄，何亚刚先生申请辞去公司董事、执 行委员会主任、执行委员会委员及总裁职务。何亚刚先生已确认与公司董事会及 管理层无任何意见分歧，且无任何与辞任有关的事项须提请公司股东注意。 根据《公司法》及公司《章程》规定，何亚刚先生的辞职不会导致公司现有 董事会成员人数低于法定最低人数，自辞职报告送达董事会之日起生效。根据公 司《章程》及董事会专门委员会工作细则的规定，何亚刚先生辞去公司董事职务 的同时，亦不再担任董事会战略发展委员会委员及提名委员会委员职务。截至本 公告披露日，何亚刚先生未持有公司股份。 何亚刚先生自 1992 年加入公司，三十余载躬耕不辍，以岁月匠心雕琢出公司 的璀璨华章。自 2003 年起，何亚刚先生历任公司总裁助理、副总裁、执行委员会 委员、总裁、执行委员会主任等职务，亲历并引领 ...