Core Viewpoint - The company aims to enhance its core capabilities and drive business transformation to achieve double-digit growth in performance amidst profound changes in the securities industry and financial reforms in 2024 [1] Group 1: Business Development - The company has improved its overall strength by seizing market recovery opportunities and accelerating key business layouts, leading to enhanced core competitiveness [2] - The company has achieved a steady increase in asset scale and quality, with effective risk management reinforcing its resilience and growth potential [2] - The company has positively contributed to national development goals by serving the financial sector's key initiatives [2] Group 2: Strategic Goals - The company identifies seven key qualities to establish itself as a leading investment bank, including a strong client and asset base, top talent, and advanced risk management [3] - The company aims to deepen reforms towards integrated, specialized, international, and digital objectives while enhancing governance and corporate culture [3] Group 3: Market Value Management - The company has developed a systematic approach to market value management, focusing on enhancing operational efficiency and profitability [3] - In 2024, the company plans to implement mid-term dividends for the first time and has established a market value management system to enhance investor returns [3] Group 4: International Business Strategy - The company is committed to advancing its international strategy in response to national financial reforms and expanding cross-border investment opportunities [4] - The company will enhance its core traditional business capabilities in wealth management, asset management, and investment banking while improving risk management for overseas operations [4]

新华财经北京4月1日电申万宏源集团股份有限公司（000166.SZ；06806.HK，以下简称"申万宏源"或"公 司"）2024年度业绩说明会近日以网络直播方式顺利召开。 在谈及"如何打造一流投资银行"时，刘健指出，可以从以下七大素质锚定发展目标，即雄厚的客户与资 产基础，一流的领军人才与激励约束机制，领先的风险合规管理水平，内外部均衡联动的业务布局，敏 捷的组织机制与金融科技，科学高效的现代化治理体系，向上向善的企业文化。对申万宏源而言，未来 要在转型过程中不断培育和强化风险定价、投资交易、产品设计等核心能力；朝着一体化、集约化、专 业化、国际化、数字化的"五化"目标深化改革；做好规范治理、市值管理、ESG等工作，不断打磨企业 文化，巩固品牌认知度。 黄昊就市值管理方面的举措进行了回应。他表示，市值管理是战略层面的长期、系统性工程。近年来， 公司以提升公司经营效率与盈利能力为基础，持续围绕价值基础、价值创造、价值传递、价值实现等维 度构建市值管理体系，打造提升投资价值的生态。2024年，公司进一步响应"提升投资者回报"号召，首 次实施中期分红，制定出台《市值管理制度》，在市值管理方面迈出重要一步。未来，公司 ...

证券代码：000166 证券简称：申万宏源 公告编号：临 2025-24 申 万 宏 源 集 团 股 份 有 限 公 司 关于为全资子公司提供担保事项的进展公告 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。 一、担保情况概述 申万宏源集团股份有限公司（以下简称"公司"）于 2024 年 11 月 26 日、2024 年 12 月 19 日分别召开董事会、股东大会审议通过了 《关于为宏源恒利（上海）实业有限公司提供担保的议案》，同意公 司在不超过人民币 60,000 万元的额度内（含已生效未到期的银行授 信金额），为全资子公司宏源恒利（上海）实业有限公司（以下简称 "宏源恒利"）对外融资提供担保。（详见公司于 2024 年 11 月 27 日、2024 年 12 月 20 日在《中国证券报》《证券时报》《上海证券 报》及巨潮资讯网（www.cninfo.com.cn）披露的相关公告） 截至本次担保实施前，公司为宏源恒利提供的担保余额为人民币 3.3 亿元，分别为中国建设银行股份有限公司上海第二支行（以下简 称"建行上海第二支行"）人民币 1 亿元、平安银行股份 ...

FF301 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年3月31日 狀態: 新提交 | 2. 股份分類 | 普通股 | 股份類別 | A | | 於香港聯交所上市 (註1) | | 否 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 000166 | 說明 | A股 (深圳證券交易所) | | | | | | | | | 法定/註冊股份數目 | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 22,535,944,560 RMB | | 1 | RMB | | 22,535,944,560 | | 增加 / 減少 (-) | | | 0 | | | RMB | | 0 | | 本月底結存 | | | 22,535,944,560 RMB | | 1 | RMB | | 22,535,944,560 | 本月底法定/註冊股本總額： RMB 25,039,944,560 致：香港交易及結算所有限公司 公司名稱: 申萬宏源集團股份有 ...

Core Points - The Shanghai Stock Exchange (SSE) has issued disciplinary actions against Shenwan Hongyuan Securities and its representatives for failing to fulfill their responsibilities during the IPO process of Guohong Tool System [1][2][16] - Guohong Tool System has been penalized for multiple violations, including inaccurate disclosure of R&D personnel and investment, governance issues, and insufficient provisions for bad debts [3][6][10] Group 1: Shenwan Hongyuan Securities - Shenwan Hongyuan Securities failed to adequately verify the accuracy of R&D personnel recognition and investment amounts, leading to the issuer not meeting the Sci-Tech innovation attributes [17][22] - The SSE has imposed a public reprimand on Shenwan Hongyuan Securities and a six-month ban on its representatives from signing IPO application documents [2][26] Group 2: Guohong Tool System - Guohong Tool System inaccurately disclosed the number of R&D personnel and investment amounts, with a total of 727.84 million yuan overstated in R&D investment [6][10] - The company did not follow proper decision-making procedures for a buyback obligation, failing to disclose governance deficiencies [7][39] - The company was found to have not adequately recognized related parties as acting in concert with the actual controller, leading to inaccurate disclosures [8][40] - The SSE has decided to suspend Guohong Tool System from submitting IPO application documents for one year and publicly reprimanded its executives [3][10] Group 3: Public Accounting and Legal Firms - The public accounting firm, Gongzheng Tianye, failed to verify the accuracy of R&D investment amounts and assess the risk of accounts receivable [28][30] - The SSE has issued a public reprimand to Gongzheng Tianye and a six-month ban on its signatory accountants from signing IPO documents [36][36] - The law firm, Shanghai Tongli, did not adequately verify governance issues and the recognition of actual controllers, leading to inaccurate disclosures [38][41] - The SSE has publicly reprimanded Shanghai Tongli and its signatory lawyers for their failures [38][43]

券业行家，事实说话。 欢迎留言，如果认同，请传播正能量。 纵然是头部券商，3亿元也不是小数目。然而，申万宏源旗下子公司宏源期货，向股东方借入的一笔3亿元的次级债，刚刚官宣展期十年三个月。 十年展期！宏源期货公告，感谢申万宏源的鼎力支持 罕见公告 浏览中国期货业协会官网，行家发现一则罕见的会员动态，来自宏源期货有限公司（简称：宏源期货）。 3月27日，宏源期货发布了《关于次级债务展期的公告》。其中载明：为满足公司业务发展需要，宏源期货决定将2021年12月27日借入的次级债务进行展 期。展期后次级债务金额仍为叁亿元人民币，借款期限展期至10年3个月。 要知道，中期协上一次发布的展期信息，还是在2022年9月。彼时，海通期货公告称，将2021年3月31日向控股股东海通证券借入的次级债务展期至8年。 根据《期货公司次级债管理规则》规定，期货机构次级债发生展期事项，需要在3个工作日内向住所地中国证监会派出机构进行报告，"报备"后方可按规定 比例计入净资本。 没想到的是，时隔数载，再度看到期货机构展期公告，并且期限超过了十年。 股东债主 中期协官网显示，宏源证券这笔次级债务到期日为2027年3月26日，目前尚未更新。 ...

Core Viewpoint - Shenwan Hongyuan reported a strong financial performance for 2024, with significant growth in revenue and net profit, indicating a positive trend in the company's operations and investor returns [1][2]. Financial Performance - In 2024, Shenwan Hongyuan achieved an operating revenue of 24.735 billion yuan, a year-on-year increase of 15.04% [2]. - The net profit for the year was 6.251 billion yuan, reflecting a growth of 14.16% compared to the previous year [2]. - The net profit attributable to shareholders was 5.211 billion yuan, up by 13.12% year-on-year [2]. - The company’s basic and diluted earnings per share were both 0.21 yuan, representing a 16.67% increase from the previous year [2]. Business Segments - The institutional services and trading segment generated 13.426 billion yuan in revenue, marking a substantial growth of 44.12% [4]. - The personal financial services segment reported revenue of 7.868 billion yuan, a modest increase of 2.37% [4]. - The company sold financial products worth 5.912 trillion yuan, a growth of 25.08% year-on-year [4]. Investment and Market Activity - Investment income reached 11.631 billion yuan, a significant increase of 49.24%, accounting for 47.02% of total operating revenue [5]. - The brokerage business generated net income of 4.603 billion yuan, up 6.19%, contributing 18.61% to total commission income [4][5]. - However, the investment banking segment saw a decline in revenue to 973 million yuan, down 32.64%, primarily due to a slowdown in IPO activities [5]. Dividend Policy - The company announced its first interim dividend, proposing a cash dividend of 0.46 yuan per 10 shares, with a total dividend payout of 1.578 billion yuan, a 12.55% increase from the previous year [3]. - Shenwan Hongyuan has maintained a consistent cash dividend policy over the past ten years, with cumulative dividends amounting to 17.2 billion yuan [3]. Market Performance - On March 28, the company's stock price increased by 0.39%, closing at 5.09 yuan per share, with a market capitalization of 127.5 billion yuan [6].

Core Viewpoint - Shenwan Hongyuan has shown a positive stock performance with a current price of 5.09 CNY, reflecting a 1.19% increase from the previous week, and has a total market capitalization of 127.45 billion CNY, ranking 9th in the securities sector and 104th in the A-share market [1] Group 1: Bond Issuance and Redemption - Shenwan Hongyuan Securities Co., Ltd. completed the redemption and delisting of its third phase bond issued on March 24, 2022, with a total amount of 3.5 billion CNY and a coupon rate of 3.18% [1] - The company announced the listing of its first phase bond for 2025 on the Shenzhen Stock Exchange, which will be available from March 27, 2025, with a total issuance of 1.8 billion CNY and a coupon rate of 2.07% for a 2-year term [1] - The second phase bond issuance for 2025 has been completed with a total scale of 4.2 billion CNY, consisting of two varieties: the first with 2.4 billion CNY for a 2-year term at a coupon rate of 1.99%, and the second with 1.8 billion CNY for a 3-year term at a coupon rate of 2.01% [2][3]

Core Viewpoint - The company reported a steady growth in financial performance for the year ending December 31, 2024, with total revenue and other income reaching RMB 34.778 billion, an increase of 8.97% year-on-year, and a net profit attributable to shareholders of RMB 5.211 billion, up 13.12% year-on-year [1][2] Financial Performance - Total revenue and other income for the year amounted to RMB 34.778 billion, reflecting a year-on-year growth of 8.97% [1][2] - The net profit for the year was RMB 6.251 billion, representing a year-on-year increase of 14.16% [2] - The profit attributable to the parent company was RMB 6.176 billion, which is an increase of 11.81% year-on-year [2] - The total assets and equity of the group at year-end were RMB 697.597 billion and RMB 133.349 billion, respectively, showing year-on-year growth of 9.78% and 3.54% [2] Operational Efficiency - The return on equity (ROE) for the year was 5.08%, an increase of 0.36 percentage points year-on-year [2] - The operating expense ratio for the year was 56.80%, a decrease of 4.17 percentage points year-on-year [2] Dividend Policy - The company implemented its first interim dividend in 2024, proposing a cash dividend of RMB 0.46 per 10 shares based on the annual performance, resulting in a total dividend payout ratio of 30.27% [2] Strategic Focus - The company aims to align its operations with the principles of Xi Jinping's New Era Socialism, focusing on becoming a first-class investment bank and investment institution while enhancing its core competitiveness [1]

| 做好"五篇大文章" | 21 | | --- | --- | | 服务重点区域发展 | 28 | | 助推资本市场改革 | 31 | | 推进乡村振兴 | 32 | 客户至上，提升金融服务质量 可持续发展暨环境、社会及管治报告 2024 申万宏源集团股份有限公司 目录 | 报告编制说明 | 01 | | --- | --- | | 董事会可持续发展管理声明 | 03 | | 关于申万宏源集团 | 05 | | 议题重要性评估 | 07 | | ESG 治理与战略 | 13 | | ESG 数据表和附注 | 99 | | --- | --- | | 荣誉及奖项 | 105 | | 对标索引表 | 109 | | 独立鉴证报告 | 115 | 可持续发展篇 可持续相关实践与影响 01 | 金融强国，积极服务国家战略 | | --- | | 夯实公司治理 | 77 | | --- | --- | | 全面风险管理 | 79 | | 合规内控管理 | 85 | | 规范商业行为 | 86 | 社会责任 | 负责任营销 | 90 | | --- | --- | | 投资者教育 | 90 | | 责任采购 | 94 ...