格隆汇8月20日丨申万宏源(06806.HK)发布公告，2025年8月19日，申万宏源证券有限公司2025年面向专 业投资者公开发行公司债券（第三期）完成发行工作。本期债券发行规模人民币19亿元，分两个品种， 其中品种一发行规模人民币5亿元，期限25个月，票面利率1.80%；品种二发行规模人民币14亿元，期 限3年，票面利率为1.90%。本期债券登记完成后拟于深圳证券交易所上市交易。 ...

Group 1 - The core point of the article is that Shenwan Hongyuan Securities Co., Ltd. has successfully completed the issuance of its third phase of corporate bonds aimed at professional investors, with a total issuance scale of RMB 1.9 billion [1] - The bond issuance consists of two varieties: the first variety has an issuance scale of RMB 500 million with a maturity of 25 months and a coupon rate of 1.80% [1] - The second variety has an issuance scale of RMB 1.4 billion with a maturity of 3 years and a coupon rate of 1.90% [1] - The bonds are expected to be listed and traded on the Shenzhen Stock Exchange after registration is completed [1]

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20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。 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）發行結果的公告》，僅供參閱。 证券代码：000166 证券简称：申万宏源 公告编号：临2025-59 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 8 月 19 日，申万宏源证券有限公司 2025 年面向专业投 资者公开发行公司债券（第三期）（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 19 亿元，分两个品种，其中品种一 发行规模人民币 5 亿元，期限 25 个月，票面利率 1.80%；品种二发 行规模人民币 14 亿元，期限 3 年，票面利率为 1.90%。本期债券登 记完成后拟于深圳证券交易所上市交易。 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日 证券代码：000166 证券简称：申万宏源 公告编号：临2025-59 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 投资者公开发行公司债券（第三期）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。 根据中国证券监督管理委员会《关于同意申万宏源证券有限公司 向专业投资者公开发行公司债券注册的批复》（证监许可〔2025〕1570 号），公司所属申万宏源证券有限公司获准向专业投资者公开发行面 值总额不超过人民币 200 亿元公司债券。（相关情况请 ...

Group 1 - The core viewpoint of the articles highlights the performance and market position of Shenwan Hongyuan, noting its stock price increase and current valuation metrics [1][2] - As of August 20, the stock price of Shenwan Hongyuan closed at 5.57 yuan, with a rolling PE ratio of 24.05 times and a total market capitalization of 139.472 billion yuan [1] - The average PE ratio in the securities industry is 29.47 times, with a median of 27.39 times, placing Shenwan Hongyuan at the 17th position within the industry [1][2] Group 2 - For the first quarter of 2025, the company reported an operating income of 5.479 billion yuan, a year-on-year decrease of 3.54%, while net profit reached 1.977 billion yuan, reflecting a year-on-year increase of 42.50% [2] - The company has a total of 234,624 shareholders as of March 31, 2025, a decrease of 2,840 from the previous count, with an average holding value of 352,800 yuan and an average holding quantity of 27,600 shares [1] - Shenwan Hongyuan's main business includes corporate finance, personal finance, institutional services, trading, and investment management, with a wide range of financial products and services [1]

Core Viewpoint - The article introduces the "Combination Equity Package" as a tailored investment advisory service designed to assist investors in navigating the complexities of the market and enhancing their wealth management strategies [1][2]. Summary by Sections What is the "Combination Equity Package"? - The "Combination Equity Package" is a comprehensive service provided by a team of experienced advisors at Shenwan Hongyuan Securities, offering a range of support including stock selection, timing guidance, and educational resources [2]. Quality Over Time - The performance of various service products within the advisory community has been tracked over several years, showcasing metrics such as total return, relative return, and maximum drawdown to demonstrate the effectiveness of the services [3]. Six Major Service Rights - The package includes stock selection and timing guidance, analyzing multiple dimensions such as fundamentals, technicals, and capital flows to provide valuable insights for both novice and experienced investors [4]. Expert Stock Diagnosis - The service offers expert stock diagnosis, allowing clients to receive detailed analyses of specific stocks, enhancing their understanding of the underlying investment logic [5]. Exclusive Video Content - Advisors create simplified video content to help clients grasp market dynamics and investment strategies, facilitating continuous learning throughout their investment journey [6]. Trading Insights - The service keeps a close watch on market trends and provides timely insights into market fluctuations, helping clients make informed decisions during both significant market movements and minor fluctuations [7]. Educational Courses - The package includes specialized courses covering various aspects of investing, from foundational theories to practical techniques, enabling clients to understand the methodologies behind the advisory services [8]. Monthly Reports and Reviews - Monthly reports are provided to summarize the performance of the "Combination Equity Package," allowing clients to reflect on their investment strategies and make necessary adjustments [9]. Comprehensive Support - The "Combination Equity Package" aims to offer a holistic support system for investors, regardless of their experience level, ensuring that all necessary resources are available for effective investment management [10].

Core Viewpoint - The article discusses the launch of the "Science and Technology Innovation Growth Layer" on the STAR Market, aimed at supporting unprofitable but promising technology companies, with specific guidelines for investors to participate in trading these stocks [5][19]. Group 1: Introduction to the Growth Layer - The "Science and Technology Innovation Growth Layer" was officially established on July 13, 2025, by the Shanghai Stock Exchange, marking a new phase for unprofitable technology enterprises [5]. - This layer is designed to enhance inclusivity for technology companies with significant growth potential that are not yet profitable [9][17]. Group 2: Participation Guidelines - Investors who already have STAR Market trading permissions and meet a risk tolerance assessment of C4 (active) or above can trade stocks or depositary receipts listed after the new regulations [7][11]. - For investors without STAR Market trading permissions, they must first meet the basic requirements and open trading permissions before signing the risk disclosure document for the Growth Layer [11][12]. - The requirements for individual investors to open STAR Market trading permissions include maintaining an average asset of at least 500,000 RMB over the past 20 trading days and having at least 24 months of trading experience [12]. Group 3: Trading Process - The trading process for the Growth Layer can be initiated through specific apps, such as the "Shen Cai You Dao" app, where users can navigate to the relevant sections to open permissions and manage their accounts [9][14]. - New stocks listed under the Growth Layer will have a "U" identifier to indicate their unprofitable status, while existing stocks will be labeled accordingly to differentiate between new and existing listings [17].

Core Viewpoint - The article emphasizes the convenience and efficiency of the financing and securities lending pre-account opening process offered by Shenwan Hongyuan, highlighting the ability to complete the process via mobile app, thus reducing waiting times and enhancing user experience [1][2]. Group 1: Account Opening Process - Step 1 involves logging into the Dawangye APP and navigating to the financing and securities lending pre-account opening section to initiate the application [2][4]. - Step 2 requires users to confirm personal information and complete a knowledge assessment [5][6]. - Step 3 includes the declaration of information and credit assessment, ensuring all necessary details are submitted [9]. Group 2: User Experience Enhancement - The article outlines that the mobile app allows users to complete qualification reviews, knowledge assessments, and credit information entry, significantly shortening the time required for in-person processing [2][4]. - The entire process is designed to be completed in four simple steps, making it user-friendly and efficient [12].

证券代码：000166 证券简称：申万宏源 公告编号：临2025-58 申 万 宏 源 集 团 股 份 有 限 公 司 关于申万宏源证券有限公司 2023 年面向专业投资者 公开发行公司债券（第二期）（品种一） 本息兑付并摘牌的公告 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。 公司所属子公司申万宏源证券有限公司于 2023 年 8 月 17 日发行 下简称"本期债券"），发行规模人民币 22 亿元，票面利率 2.50%， 期限 2 年，债券代码 148429，债券简称 23 申证 03。（相关情况请详 见公司于 2023 年 8 月 19 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） 本期债券兑付日为2025年8月18日，摘牌日为2025年8月18日，申 万宏源证券有限公司已按照《申万宏源证券有限公司2023年面向专业 投资者公开发行公司债券（第二期）募集说明书》相关约定，完成本 期债券本息兑付并予以摘牌。 特此公告。 申万宏源集团股份有限公司董事会 二〇二五年八月十九日 ...

本期债券兑付日为2025年8月18日，摘牌日为2025年8月18日，申万宏源证券有限公司已按照《申万宏源 证券有限公司2023年面向专业投资者公开发行公司债券(第二期)募集说明书》相关约定，完成本期债券 本息兑付并予以摘牌。 申万宏源（000166）(06806)发布公告，公司所属子公司申万宏源证券（000562）有限公司于2023年8月 17日发行2023年面向专业投资者公开发行公司债券(第二期)(品种一)(以下简称"本期债券")，发行规模人 民币22亿元，票面利率2.50%，期限2年，债券代码148429，债券简称23申证03。 ...