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公告的內容概不負責，對其準確性或完整性亦不發表任何聲 明，並明確表示概不就因本公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。 董事長 劉健 北京，2025年8月26日 於本公告日期，董事會成員包括執行董事劉健先生及黃昊先生；非執行董事朱志龍先生、張英女士、邵亞樓先生、 徐一心先生及嚴金國先生；獨立非執行董事楊小雯女士、武常岐先生、陳漢文先生及趙磊先生。 （ 於 中 華 人 民 共 和 國 註 冊 成 立 的 股 份 有 限 公 司 ） （股份代號：6806） 海外監管公告 本公告乃由申萬宏源集團股份有限公司（「本公司」）根據香港聯合交易所有限公司證券上市規 則第13.10B條作出。 茲載列本公司於深圳證券交易所網站發佈之《申萬宏源集團股份有限公司關於申萬宏源證券有 限公司2025年面向專業投資者公開發行公司債券（第三期）在深圳證券交易所上市的公告》，僅 供參閱。 承董事會命 申萬宏源集團股份有限公司 二〇二五年八月二十六日 证券代码：000166 证券简称：申万宏源 公告编号：临2025-62 申 万 宏 源 集 团 股 份 有 ...

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公告的內容概不負責，對其準確性或完整性亦不發表任何聲 明，並明確表示概不就因本公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。 董事長 劉健 北京，2025年8月26日 於本公告日期，董事會成員包括執行董事劉健先生及黃昊先生；非執行董事朱志龍先生、張英女士、邵亞樓先生、 徐一心先生及嚴金國先生；獨立非執行董事楊小雯女士、武常岐先生、陳漢文先生及趙磊先生。 （ 於 中 華 人 民 共 和 國 註 冊 成 立 的 股 份 有 限 公 司 ） （股份代號：6806） 海外監管公告 本公告乃由申萬宏源集團股份有限公司（「本公司」）根據香港聯合交易所有限公司證券上市規 則第13.10B條作出。 茲載列本公司於深圳證券交易所網站發佈之《申萬宏源集團股份有限公司關於申萬宏源證券有 限公司2025年面向專業投資者非公開發行短期公司債券（第四期）發行結果的公告》，僅供參 閱。 承董事會命 申萬宏源集團股份有限公司 特此公告。 申万宏源集团股份有限公司董事会 二〇二五年八月二十六日 证券代码：000166 证券简称：申万宏源 公告编号：临2025-61 ...

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公告的內容概不負責，對其準確性或完整性亦不發表任何聲 明，並明確表示概不就因本公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 的 股 份 有 限 公 司 ） （股份代號：6806） 海外監管公告 本公告乃由申萬宏源集團股份有限公司（「本公司」）根據香港聯合交易所有限公司證券上市規 則第13.10B條作出。 茲載列本公司於深圳證券交易所網站發佈之《申萬宏源集團股份有限公司關於召開2025年半年 度業績說明會的公告》，僅供參閱。 承董事會命 申萬宏源集團股份有限公司 董事長 劉健 北京，2025年8月26日 於本公告日期，董事會成員包括執行董事劉健先生及黃昊先生；非執行董事朱志龍先生、張英女士、邵亞樓先生、 徐一心先生及嚴金國先生；獨立非執行董事楊小雯女士、武常岐先生、陳漢文先生及趙磊先生。 证券代码：000166 证券简称：申万宏源 公告编号：临2025-60 申 万 宏 源 集 团 股 份 有 限 公 司 关于召开 2025 年半年度业绩说明会的公告 本公司及董事会全体成员保证信 ...

Core Viewpoint - Jiangsu Huahong Technology Co., Ltd. plans to redeem its convertible bonds ahead of schedule, following the approval of its board of directors and in compliance with relevant regulations [1][7]. Group 1: Convertible Bond Issuance - The company issued convertible bonds totaling 515 million yuan, with a face value of 100 yuan per bond, and the funds were fully received by December 8, 2022 [1]. - The bonds were approved by the China Securities Regulatory Commission and began trading on the Shenzhen Stock Exchange on January 10, 2023, under the name "Huahong Convertible Bonds" with the code "127077" [2]. Group 2: Conversion and Redemption Terms - The conversion period for the bonds started on June 8, 2023, and will last until the maturity date on December 1, 2028 [2]. - The conversion price was adjusted downwards from 15.45 yuan to 13.92 yuan per share as of June 1, 2023, following the company's annual equity distribution plan [3][4]. Group 3: Conditional Redemption Clauses - The bonds can be redeemed if the company's stock price exceeds 130% of the conversion price for at least 15 trading days within a 30-day period [4]. - The redemption price will include the face value plus accrued interest, calculated based on the bond's face value, interest rate, and the number of days from the last interest payment to the redemption date [5]. Group 4: Redemption Implementation - The redemption price per bond is approximately 100.79 yuan, which includes accrued interest of about 0.79 yuan [5]. - The redemption will be executed for all bondholders registered with the China Securities Depository and Clearing Corporation by September 16, 2025 [6]. Group 5: Decision-Making Process - The board of directors approved the early redemption of the bonds during a meeting held on August 26, 2025, and authorized management to handle all related matters [7]. - The sponsor institution confirmed that the redemption process complies with legal regulations and the terms outlined in the offering document [7].

Core Viewpoint - Jiangsu Zerun New Energy Technology Co., Ltd. is making adjustments to its fundraising project implementation locations, investment amounts, internal investment structure, and plans to lend funds to its wholly-owned subsidiary to ensure the smooth execution of its projects [1][7][10] Fundraising Overview - The company has received approval from the China Securities Regulatory Commission for its initial public offering, issuing 15,966,956 shares at a price of 33.06 RMB per share, raising a total of approximately 527.87 million RMB, with a net amount of about 462.17 million RMB after deducting issuance costs [1][7] - The funds have been deposited into a designated account, and a verification report has been issued confirming the funds' arrival [1][7] Changes in Project Implementation Change of Project Locations - The company plans to change the implementation locations for the "Photovoltaic Module General and Intelligent Junction Box Expansion Project" and the "R&D Center Construction Project" to improve operational efficiency [1][7] Adjustment of Investment Amounts - Due to the actual net fundraising amount being lower than initially planned, the company will adjust the investment amounts for the projects while ensuring that the overall funding purpose remains unchanged [2][5][7] Internal Investment Structure Adjustments - The internal investment structure for the "Photovoltaic Module General and Intelligent Junction Box Expansion Project" and the "R&D Center Construction Project" will be adjusted to enhance the efficiency of fund usage, while the total investment amounts for these projects will remain unchanged [5][6][7] Lending to Wholly-Owned Subsidiary - The company intends to provide up to 130 million RMB in interest-free loans to its wholly-owned subsidiary, Hubei Zerun New Energy Technology Co., Ltd., for the implementation of the "New Energy Vehicle Auxiliary Power Battery Box Construction Project" [6][7] Reasons for Changes and Impact - The adjustments are based on the actual fundraising situation and the company's operational needs, ensuring that the interests of shareholders are not harmed and that the projects can proceed smoothly [7][8] - The company will cover any funding shortfalls through its own or self-raised funds, which will not adversely affect the normal construction of the fundraising projects [7][8] Review Procedures Board of Directors' Review - The Board of Directors has approved the changes to the project locations and internal investment structures, emphasizing the need for effective fundraising management [8][9] Supervisory Board's Review - The Supervisory Board has also approved the changes, confirming that they align with the company's operational needs and do not harm shareholder interests [8][9] Sponsor's Verification Opinion - The sponsor has verified that the changes have been approved by the Board and Supervisory Board, and they comply with relevant regulations and the company's articles of association [10]

申万宏源证券承销保荐有限责任公司 关于江苏华宏科技股份有限公司 公开发行可转换公司债券受托管理事务临时报告 （2025 年度第二期） 二〇二五年八月 重要声明 本报告依据《公司债券发行与交易管理办法》（以下简称"《管理办法》"） 《江苏华宏科技股份有限公司公开发行可转换公司债券受托管理协议》（以下简 称"《受托管理协议》"）《江苏华宏科技股份有限公司公开发行可转换公司债 券募集说明书》（以下简称"《募集说明书》"）等相关公开信息披露文件、第 三方中介机构出具的专业意见等，由本期债券受托管理人申万宏源证券承销保荐 有限责任公司（以下简称"申万宏源承销保荐"）编制。 本报告不构成对投资者进行或不进行某项行为的推荐意见，投资者应对相关 事宜做出独立判断，而不应将本报告中的任何内容据以作为申万宏源承销保荐所 作的承诺或声明。在任何情况下，投资者依据本报告所进行的任何作为或不作为， 申万宏源承销保荐不承担任何责任。 一、本期债券审批情况 经中国证券监督管理委员会出具《关于核准江苏华宏科技股份有限公司公开 发行可转换公司债券的批复》（证监许可[2022]1121 号）核准，公司公开发行可 转换公司债券 51,500 万元 ...

Core Viewpoint - The A-share market is experiencing fluctuations with the three major indices showing mixed performance, while the brokerage sector is slightly retreating amid a backdrop of active trading and improving liquidity [1][3]. Market Performance - On August 26, the Shanghai Composite Index closed at 3868.38 points, down 0.39%, with a trading volume of 2.68 trillion yuan, marking the 10th consecutive trading day above 2 trillion yuan [1]. - The top brokerage ETF (512000) saw a decline of 1.24% with a total trading volume of 1.528 billion yuan [1]. Brokerage Sector Analysis - Major brokerages like Dongfang Caifu and CITIC Securities experienced declines of over 1%, while some smaller firms showed gains [3]. - Huatai Securities noted that ample liquidity remains a key foundation for the current A-share market, with signs of improving domestic liquidity due to recent shifts in household deposits [3]. - CITIC JianTou Securities indicated that there are no significant negative factors affecting the internal and external fundamentals, suggesting a continuation of a mid-term slow bull market [3]. Industry Outlook - The brokerage industry is expected to benefit from increased trading activity and margin financing, presenting multiple business opportunities [3]. - The current market conditions are characterized by stronger sustainability and resilience compared to previous trends, providing a stable growth foundation for brokerage firms [3]. Investment Opportunities - The brokerage sector is viewed as a "good industry" with favorable conditions for growth, supported by regulatory clarity and potential optimization of business models [4]. - The sector is currently undervalued, with only 4 out of 43 listed brokerages surpassing their high points since September of the previous year [5]. - The brokerage ETF (512000) has seen significant inflows, totaling nearly 3.2 billion yuan over six consecutive trading days, reaching a record high fund size of 31.093 billion yuan [5]. Fund Manager Insights - Fund manager Feng Chen highlighted that the brokerage ETF still has room for growth compared to previous market highs, ranking mid-tier among all primary industries [7]. - The ETF encompasses 49 listed brokerage stocks, with a focus on top-tier firms while also considering smaller brokerages for their high growth potential [7].

智通财经APP获悉，香港联交所最新资料显示，8月21日，HuaAn Fund Management Co., Ltd representing HUAAN-ICBC-YINGYUAN-1-(QDII)SMA减持申万宏源(06806)705.52万股，每股作价3.6731港元，总金 额约为2591.45万港元。减持后最新持股数目约为4.98亿股，最新持股比例为19.91%。 ...

Core Points - The company, Shenwan Hongyuan Group Co., Ltd., announced the public issuance of corporate bonds (the third phase) by Shenwan Hongyuan Securities Co., Ltd. in 2025, aimed at professional investors [1] - The issuance includes two varieties of bonds: Variety One with a scale of RMB 500 million, a term of 25 months, and a coupon rate of 1.80%; Variety Two with a scale of RMB 1.4 billion, a term of 3 years, and a coupon rate of 1.90% [1] - The bonds are scheduled to be listed on the Shenzhen Stock Exchange starting from August 26, 2025, and will be traded among institutional investors [1] Summary by Categories Issuance Details - The total issuance scale for Variety One is RMB 500 million with a term of 25 months and a coupon rate of 1.80% [1] - The total issuance scale for Variety Two is RMB 1.4 billion with a term of 3 years and a coupon rate of 1.90% [1] Listing Information - The bonds will be listed on the Shenzhen Stock Exchange on August 26, 2025 [1] - Variety One will be referred to as "25 Shen Zheng 05" with the bond code "524403" [1] - Variety Two will be referred to as "25 Shen Zheng 06" with the bond code "524404" [1]

证券代码：000166 证券简称：申万宏源 公告编号：临2025-61 申 万 宏 源 集 团 股 份 有 限 公 司 关于申万宏源证券有限公司 2025 年面向专业投资者 非公开发行短期公司债券（第四期）发行结果的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整， 没有虚假记载、误导性陈述或重大遗漏。 根据深圳证券交易所《关于申万宏源证券有限公司非公开发行短 期公司债券符合深交所挂牌条件的无异议函》（深证函〔2025〕461 号），公司所属申万宏源证券有限公司获准面向专业投资者非公开发 行面值总额不超过人民币 200 亿元短期公司债券。（相关情况请详见 公司于 2025 年 5 月 8 日在《中国证券报》《证券时报》《上海证券 报》和巨潮资讯网 www.cninfo.com.cn 上刊登的公告） 资者非公开发行短期公司债券（第四期） （以下简称"本期债券" ）完 成发行工作。本期债券发行规模人民币 39 亿元，分两个品种，其中 品种一发行规模人民币 8 亿元，期限 186 天，票面利率 1.70%；品种 二发行规模人民币 31 亿元，期限 242 天，票面利率 1.75%。本期债 券登记完成后 ...