北京市天元律师事务所 关于国元证券股份有限公司 2024 年度股东大会的法律意见 京天股字（2025）第 146 号 致：国元证券股份有限公司 国元证券股份有限公司（以下简称"公司"）2024 年度股东大会（以下简称"本次 股东大会"）采取现场表决与网络投票相结合的方式，现场会议于 2025 年 5 月 6 日 （星期二）14:30 时在安徽省合肥市梅山路 18 号国元证券七楼会议室召开。北京市天 元律师事务所（以下简称"本所"）接受公司聘任，指派本所律师参加本次股东大会现 场会议，并根据《中华人民共和国公司法》《中华人民共和国证券法》（以下简称"《证 券法》"）《上市公司股东会规则》（以下简称"《股东会规则》"）以及《国元证券股 份有限公司章程》（以下简称"《公司章程》"）等有关规定，就本次股东大会的召集、 召开程序、出席现场会议人员的资格、召集人资格、会议表决程序及表决结果等事项 出具本法律意见。 为出具本法律意见，本所律师审查了《国元证券股份有限公司第十届董事会第二 十三次会议决议公告》《国元证券股份有限公司第十届监事会第十二次会议决议公告》 《国元证券股份有限公司关于召开 2024 年度股东大会的公告 ...

Market Performance - On April 30, 2025, the A-share market showed mixed performance with the Shanghai Composite Index down by 0.23%, while the Shenzhen Component Index rose by 0.51% and the ChiNext Index increased by 0.83%[3] - The total market turnover reached 11,691.25 billion CNY, an increase of 1,471.99 billion CNY compared to the previous trading day[3] - A total of 3,488 stocks rose while 1,795 stocks fell across the market[3] Sector and Style Analysis - The top-performing sectors included Computer (up 2.44%), Automotive (up 1.71%), and Media (up 1.38%), while the worst performers were Banking (down 2.02%), Steel (down 1.34%), and Transportation (down 0.77%)[3][21] - In terms of investment style, growth stocks outperformed value stocks, with small-cap growth leading the performance rankings[21] Fund Flow Insights - On April 30, 2025, the net outflow of main funds was 35.49 billion CNY, with large orders seeing a net outflow of 45.43 billion CNY and small orders experiencing a net inflow of 115.40 billion CNY[4][26] - Southbound funds recorded a net inflow of 56.37 billion HKD, with the Shanghai-Hong Kong Stock Connect contributing 47.89 billion HKD and the Shenzhen-Hong Kong Stock Connect adding 8.48 billion HKD[5][28] ETF Trading Activity - Major ETFs such as the Huaxia SSE 50 ETF and the Huatai-PB CSI 300 ETF saw significant trading volume increases, with respective turnover changes of +4.62 billion CNY and +0.23 billion CNY[4][31] - The CSI 1000 ETF was the primary beneficiary of fund inflows, attracting 3.83 billion CNY on April 29, 2025[4][31] Global Market Overview - On April 30, 2025, major Asia-Pacific indices showed mixed results, with the Hang Seng Index up 0.51% and the Nikkei 225 up 0.57%[5][34] - European indices also displayed varied performance, with the DAX Index rising by 0.69% while the CAC40 Index fell by 0.24%[5][34]

尊敬的投资者，您好。2025 年，是"十四五"规划收官之年， 公司将全面贯彻落实党的二十大和二十届二中、三中全会精神，贯彻 落实"六个一"工作部署，扎实推动公司高质量发展，致力于打造具 有核心竞争力的一流产业投资银行。 坚持一个工作方针：稳中求进、以进促稳，守正创新、先立后破， 系统集成、协同配合。 突出一个党建引领：推动党建业务融合发展。 贯彻一个经营思路：轻资产业务转型升级、内耕外拓，重资产业务固 本培元、守正创新，中后台精益鼎新、提质增效。 证券代码：000728 证券简称：国元证券 国元证券股份有限公司投资者关系活动记录表 编号：2025-003 | 投资者关系活动 | 特定对象调研 □分析师会议 | | --- | --- | | 类别 | 媒体采访 业绩说明会 | | | □新闻发布会 □路演活动 | | | □现场参观 | | | 其他 | | 活动参与人员 | 参与公司 2025 年度网上业绩说明会的投资者 | | 时间 | 2025 年 4 月 30 日 15:00-16:30 | | 地点 | 公司 | | 形式 | 网络远程方式 | | 上市公司接待人 | 董事长沈和付先生，执行 ...

文/梧桐数据中心 榜单前三名： 随着4月25日众捷汽车（301560）在创业板上市，2025年1-4月A股合计新上市公司37家，其中沪市主板8家、科创板5家、深市主板5家、创业板16家、北交所3家。 相较去年同期的35家，同比增长5.71%。这37家新上市公司募资净额为219.58亿元，相较去年同期的237.06亿元，同比下降7.37%。 一、保荐机构业绩排名 2025年1-4月，共有22家保荐机构承担了这37家新上市公司的IPO上市业务。 第一名：国泰海通（5单）（注：国泰君安与海通证券合并计算，其中海通证券有3单，国泰君安有2单） 第二名：华泰联合（4单）、中信证券（4单） | 排名 | 保存机构 | 业务更数 | | --- | --- | --- | | | 国泰海通 | 5 | | | 华泰联合 | 4 | | 2 ● | > 中信证券 | | | --- | --- | --- | | 40 | | | | 5 | UIVVV 东兴证券 | | | 5 | 申万宏源 | 2 | | 5 | 天风证券 | 2 | | 8 | 华安证券 | 1 | | 8 | 东方证券 | 1 | | 8 | 光大证 ...

Core Viewpoint - Six securities firms reported strong growth in both revenue and net profit for Q1 2025, indicating a robust performance in the industry [2][4][7]. Group 1: Financial Performance - CICC achieved revenue of 5.721 billion yuan, a year-on-year increase of 47.69%, and a net profit of 2.042 billion yuan, up 64.85% [3][4]. - China Merchants Securities reported revenue of 4.713 billion yuan, a 9.64% increase, and a net profit of 2.308 billion yuan, up 6.97% [3][5]. - Changjiang Securities saw significant growth with revenue of 2.514 billion yuan, an 88.81% increase, and a net profit of 980 million yuan, up 143.76% [3][5]. - Guoyuan Securities reported revenue of 1.519 billion yuan, a 38.37% increase, and a net profit of 641 million yuan, up 38.40% [3][6]. - Huazhong Securities achieved revenue of 1.431 billion yuan, a 72.02% increase, and a net profit of 525 million yuan, up 87.79% [3][5]. - Great Wall Securities reported revenue of 1.277 billion yuan, a 41.02% increase, and a net profit of 605 million yuan, up 71.56% [3][5]. Group 2: Industry Trends - The growth in performance is attributed to increased brokerage and investment banking activities, supported by a rise in new A-share accounts [7][9]. - In March 2025, new A-share accounts reached 3.0655 million, a 26.67% increase compared to March 2024 [7]. - The total number of new accounts for Q1 2025 was 7.4714 million, a 31.74% increase year-on-year [7][8]. - Analysts believe that the capital market's recovery since September 2024 has led to increased trading activity, contributing to the strong performance of securities firms [9].

证券代码：000728 证券简称：国元证券 公告编号：2025－020 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。 重要内容提示： 1.董事会、监事会及董事、监事、高级管理人员保证季度报告的真实、准确、完整，不存在虚假记载、 误导性陈述或重大遗漏，并承担个别和连带的法律责任。 2.公司法定代表人沈和付先生、总会计师司开铭先生及财务会计部总经理朱金一先生声明：保证季度报 告中财务信息的真实、准确、完整。 3.第一季度报告是否经审计 □ 是 √ 否 一、主要财务数据 登录新浪财经APP 搜索【信披】查看更多考评等级 （一）主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 √ 是 □否 追溯调整或重述原因 √ 会计政策变更 注：1.本季度公司实现营业收入及归属于上市公司股东的净利润较上年同期分别增长38.37%和38.40%， 主要系财富信用、证券投资交易和投资银行业务实现业绩同比有所增长所致。 2.经营活动产生的现金流量净额同比减少较大，主要系正常经营过程中债券正回购及代理买卖证券业务 上年同期为净流入，而本期为净流出所致。 会计政策变更的原因 ...

证券代码：000728 证券简称：国元证券 公告编号：2025-021 国元证券股份有限公司 关于会计政策变更的公告 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。 1.国元证券股份有限公司（以下简称本公司或公司）自 2025 年 1 月 1 日起 执行《期货风险管理公司大宗商品风险管理业务管理规则》相关规定，并采用追 溯重述法，对 2024 年度财务报表进行追溯调整。 2.本次会计政策变更，能够更客观、公允地反映公司的财务状况和经营成果， 不会对公司财务状况、经营成果和现金流量产生重大影响，不存在损害公司及全 体股东利益的情形。 3.本次追溯调整，导致本公司 2024 年度营业收入、营业支出同时减少 199,216.23 万元，对 2024 年度利润总额和净利润均没有影响，对 2024 年 12 月 31 日资产总额和净资产均没有影响。 一、本次会计政策变更概述 （一）变更的原因 2024 年 11 月 15 日中国期货业协会发布了《期货风险管理公司大宗商品风 险管理业务管理规则》（中期协字〔2024〕235 号），对期货风险管理公司"应 当以净额法确认贸易 ...

证券代码：000728 证券简称：国元证券 公告编号：2025－019 国元证券股份有限公司 第十届董事会第二十四次会议决议公告 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、董事会会议召开情况 国元证券股份有限公司（以下简称本公司或公司）第十届董事会第二十四次 会议通知于 2025 年 4 月 25 日以电子邮件等方式发出，会议于 2025 年 4 月 28 日以通讯方式召开，会议的召开和表决程序合法有效。本次会议应表决的董事 14 人，实际表决的董事 14 人。会议的召开符合法律、行政法规、部门规章、规 范性文件和《公司章程》等有关规定。 二、董事会会议审议情况 本次会议以记名投票的方式审议通过如下决议： （一）审议通过《公司 2025 年第一季度报告》。 表决结果：赞成票【14】票，反对票【0】票，弃权票【0】票，审议通过本 议案。 2025 年 4 月 27 日，公司第十届董事会审计委员会 2025 年第二次会议全票 审议通过本议案。 （二）审议通过《关于公司会计政策变更的议案》。 根据中国期货业协会发布的《期货风险管理公司大宗商品风险管理业务管 ...

Financial Performance - Total operating revenue for Q1 2025 reached ¥1,518,640,087.62, an increase of 38.37% compared to ¥1,404,098,571.89 in the same period last year[4] - Net profit attributable to shareholders was ¥640,518,209.79, reflecting a growth of 38.40% from ¥462,800,660.89 year-on-year[4] - Net profit excluding non-recurring gains and losses was ¥634,108,915.38, up 38.00% from ¥459,495,511.83 in the previous year[4] - Basic earnings per share increased by 36.36% to ¥0.15 from ¥0.11 in the same quarter last year[5] - Net profit for the current period was ¥640,556,721.61, representing a 38.4% increase from ¥463,044,213.04[31] Cash Flow - The net cash flow from operating activities showed a significant decline, reporting a net outflow of ¥403,102,120.14 compared to a net inflow of ¥3,452,785,878.75 in the previous year, a decrease of 111.67%[5] - Operating cash inflow for the current period was ¥2,553,432,824.47, a significant decrease from ¥10,183,702,978.79 in the previous period[34] - Cash inflow from financing activities totaled ¥12,202,915,556.63, slightly up from ¥12,181,568,655.34 in the previous period[36] - Net cash outflow from financing activities was ¥852,240,418.26, an improvement from ¥1,458,880,512.62 in the previous period[36] - The ending cash and cash equivalents balance was ¥38,144,360,002.91, compared to ¥32,491,476,092.13 at the end of the previous period[36] Investment and Income - The company reported a 93.55% increase in investment income, totaling ¥948,174,334.14, compared to ¥489,893,700.02 in the previous year[14] - The net income from commission and fee income increased by 57.14% to ¥445,061,314.43 from ¥283,229,690.05 year-on-year[14] - Investment income surged to ¥948,174,334.14, a substantial increase of 93.6% compared to ¥489,893,700.02 in the previous period[32] - Net commission and fee income increased significantly to ¥445,061,314.43, up 57.2% from ¥283,229,690.05[32] Assets and Liabilities - The total assets at the end of the reporting period were ¥171,175,070,889.51, a slight decrease of 0.54% from ¥172,101,207,192.43 at the end of the previous year[5] - Total liabilities also decreased to ¥134,025,249,009.39 from ¥135,041,232,437.85, a decline of 0.8%[30] - The company's equity attributable to shareholders increased to ¥37,132,374,660.27 from ¥37,042,566,046.55, a growth of 0.2%[30] Capital and Ratios - Core net capital decreased by 0.83% to ¥24,024,472,721.66 compared to the previous year[17] - Subsidiary net capital increased by 85.70% to ¥3,244,857,842.29 compared to the previous year[17] - Total net capital rose by 4.99% to ¥27,269,330,563.95 compared to the previous year[17] - Risk coverage ratio improved by 6.69 percentage points to 209.32%[17] - Capital leverage ratio increased by 0.13 percentage points to 18.95%[17] - Liquidity coverage ratio decreased by 7.42 percentage points to 334.07%[17] - Net stable funding ratio decreased by 4.89 percentage points to 156.24%[17] Regulatory Compliance - The company maintained compliance with regulatory standards for net capital and liquidity during the reporting period[18] - The company did not execute any new accounting standards for the current reporting period[37] - The first quarter report was not audited[38] Other Information - The total number of common shareholders at the end of the reporting period was 100,183[20] - The company issued short-term financing bonds totaling ¥15 billion with a coupon rate of 1.85%[22] - Total operating expenses rose to ¥764,773,888.18, an increase of 34.0% from ¥570,370,975.00[32] - Net interest income decreased to ¥320,616,729.06 from ¥341,972,772.67, reflecting a decline of 6.3%[31] - Cash received from interest, fees, and commissions was ¥1,712,582,657.39, up from ¥1,471,551,874.99 in the previous period[34] - Cash paid for interest, fees, and commissions increased to ¥605,750,291.29 from ¥495,048,490.22 in the previous period[35] - Cash outflow for investment activities was ¥333,389,601.63, down from ¥1,165,908,037.17 in the previous period[35]

Group 1 - The core viewpoint of the announcement is that Guoyuan Securities reported significant growth in both revenue and net profit for the first quarter of 2025, indicating strong financial performance [1] - The company's operating revenue for Q1 2025 reached 1.519 billion yuan, representing a year-on-year increase of 38.37% [1] - The net profit for the same period was 641 million yuan, showing a year-on-year growth of 38.40% [1]