Core Viewpoint - The company reported significant growth in revenue and net profit for the first half of 2025, driven by performance improvements in wealth management, securities investment trading, and investment banking services [2][11]. Company Overview and Key Financial Indicators - The company, Guoyuan Securities Co., Ltd., is listed on the Shenzhen Stock Exchange with the stock code 000728 [1]. - The total revenue for the reporting period reached approximately RMB 3.40 billion, representing a year-on-year increase of 41.60% [2]. - The net profit attributable to shareholders was approximately RMB 1.40 billion, reflecting a growth of 40.44% compared to the previous year [2]. - Basic earnings per share increased to RMB 0.32, up from RMB 0.23, marking a 39.13% rise [2]. - The total assets at the end of the reporting period were approximately RMB 177.20 billion, a 2.96% increase from the previous year [11]. - The total liabilities amounted to approximately RMB 139.23 billion, up 3.10% from the previous year [11]. - The net capital of the company was approximately RMB 28.23 billion, showing an 8.70% increase [3]. Business Performance Analysis - The wealth management segment generated significant income, with net income from securities credit business interest rising by 45.59% [13]. - The investment banking segment saw a notable increase in underwriting income, with net income from securities underwriting rising by 114.45% [13]. - The company has established a comprehensive financial service system supported by six major business segments: wealth management, investment banking, proprietary trading, asset management, institutional business, and international business [6][5]. Strategic Initiatives - The company aims to enhance its core competitiveness by focusing on strategic emerging industries and integrating financial resources to support technological innovation and advanced manufacturing [5]. - A strategic management PMO mechanism has been implemented to ensure effective tracking and execution of annual strategic initiatives [5]. - The company is expanding its national footprint, having established a financial service network across 26 provinces, while also enhancing its international business capabilities through its subsidiary in Hong Kong [5][4]. Risk Management and Compliance - The company has established a comprehensive risk management framework to ensure compliance and mitigate potential risks across all business areas [8]. - The risk coverage ratio stands at 210.43%, indicating a strong capacity to cover potential risks [3][12].

Financial Performance - The total operating revenue for the first half of 2025 reached CNY 3,396,624,443.30, an increase from CNY 2,398,747,570.34 in the same period of 2024, reflecting a growth of approximately 42% [2] - Net profit for the first half of 2025 was CNY 1,404,978,574.86, compared to CNY 1,000,675,806.65 in the first half of 2024, indicating a year-on-year increase of about 40% [2] - Basic and diluted earnings per share for the first half of 2025 were both CNY 0.32, up from CNY 0.23 in the previous year [2] Assets and Liabilities - As of June 30, 2025, total assets amounted to CNY 177,199,404,768.00, an increase from CNY 172,101,207,192.43 at the beginning of the year [1][2] - Total liabilities were CNY 139,229,519,750.36, up from CNY 135,041,232,437.85 at the start of the year [1][2] - The company's cash and cash equivalents at the end of the period were CNY 42,896,743,066.53, compared to CNY 30,142,370,699.60 at the beginning of the year [3] Cash Flow - Net cash flow from operating activities for the first half of 2025 was CNY 8,818,068,155.37, a decrease from CNY 18,414,574,493.00 in the first half of 2024 [3] - Cash flow from investing activities showed a net outflow of CNY 1,760,125,013.50, compared to a net outflow of CNY 2,082,913,690.56 in the previous year [3] - Cash flow from financing activities resulted in a net inflow of CNY 2,561,507.35, contrasting with a net outflow of CNY 1,087,995,025.08 in the first half of 2024 [3] Equity - Total equity attributable to shareholders of the parent company was CNY 37,952,166,018.22 as of June 30, 2025, compared to CNY 37,042,566,046.55 at the beginning of the year [1][2] - The company maintained a stable capital reserve of CNY 17,009,514,353.53 throughout the reporting period [1][2]

国元证券股份有限公司 2025 年半年度报告摘要 证券代码：000728 证券简称：国元证券 公告编号：2025- 本半年度报告摘要来自半年度报告全文，为全面了解本公司的经营成果、财务状况及未来发展规 划， 投资者应当到证监会指定媒体仔细阅读半年度报告全文。 所有董事均已出席了审议本报告的董事会会议。 非标准审计意见提示 □ 适用 √ 不适用 董事会审议的报告期利润分配预案或公积金转增股本预案 √适用 □ 不适用 030 国元证券股份有限公司 2025 年半年度报告摘要 一、重要提示 公司经本次董事会审议通过的利润分配预案为：以现有总股本 4,363,777,891 股为基数，向全体 股东 每 10 股派发现金红利人民币 0.80 元（含税），合计派发现金人民币 349,102,231.28 元（含税），不 送 红股，不以公积金转增股本。本预案尚需提交公司 2025 年第一次临时股东会。 董事会决议通过的本报告期优先股利润分配预案 □ 适用 √ 不适用 二、公司基本情况 股票简称 国元证券 股票代码 000728 股票上市交易所 深圳证券交易所 变更前的股票简称（如有） 不适用 联系人和联系方式 董事会秘书 ...

中证报中证网讯（记者 马爽）8月25日晚间，国元证券发布的2025年半年度报告显示，报告期内，公司 实现营业收入33.97亿元，同比增长41.6%；归母净利润14.05亿元，同比增长40.44%。 同日，国元证券同步推出2025年半年度利润分配方案，拟向全体股东每10股派发现金红利人民币0.8元 （含税），合计派发现金人民币3.49亿元（含税）。 自营与财富业务同向发力 驱动业绩增长 上半年，国元证券核心业务业绩加速攀升，其中自营业务成为业绩核心驱动力。半年度报告显示，报告 期内公司实现自营业务收入14.6亿元，同比增长64.05%，占营业总收入的比例达42.98%；实现自营业务 利润14.11亿元，同比增长66.04%。 此外，国元证券投行业务加快向科创产业投行、并购投行、综合金融服务投行转型，上半年实现投行业 务收入9025.08万元，同比增长44.78%。报告显示，上半年公司在投行业务领域的关键成果包括：股权 融资：完成1单IPO、2单再融资、4单新三板项目、3单并购重组，合计募集资金30.82亿元；债券融资： 发行安徽省首支小微企业支持债券"25投资01"，填补省内中小微企业支持债券空白；成功发行"2 ...

智通财经APP讯，国元证券(000728.SZ)发布2025年半年度报告，该公司营业收入为33.97亿元，同比增 长41.60%。归属于上市公司股东的净利润为14.05亿元，同比增长40.44%。归属于上市公司股东的扣除 非经常性损益的净利润为14.1亿元，同比增长41.33%。基本每股收益为0.32元。报告期财富信用、证券 投资交易和投资银行业务实现业绩同比有所增长。 ...

Core Viewpoint - The performance of listed securities firms has significantly improved in the first half of 2025, driven by a recovering market environment and increased trading activity, with many firms reporting substantial year-on-year growth in revenue and net profit [1][6]. Group 1: Financial Performance - Guoyuan Securities reported total operating revenue of 3.397 billion yuan, a year-on-year increase of 41.6%, and a net profit attributable to shareholders of 1.405 billion yuan, up 40.44% [3]. - Changcheng Securities achieved total operating revenue of 2.859 billion yuan, a 44.24% increase year-on-year, and a net profit of 1.385 billion yuan, which is a remarkable 91.92% growth [3]. - Overall, eight securities firms have disclosed their semi-annual reports, with most reporting positive revenue and net profit growth compared to the previous year [1][4]. Group 2: Revenue Sources - Guoyuan Securities attributed its revenue growth to increases in wealth management, securities trading, and investment banking, with wealth management revenue reaching 999.8 million yuan, up 45.47% [3][5]. - Changcheng Securities noted that its performance was bolstered by growth in proprietary investment and brokerage business revenues [3]. - Other firms like Dongfang Caifu and Zheshang Securities also reported significant revenue figures, with Dongfang Caifu exceeding 6 billion yuan in total operating revenue [4]. Group 3: Market Environment and Future Outlook - The recovery of the market environment is closely linked to the substantial growth in securities firms' performance, with the average daily trading volume of A-shares surpassing 3 trillion yuan [6]. - Analysts express optimism about the investment value of the securities sector, highlighting the potential for continued growth driven by improved market sentiment and increased trading activity [7][8]. - The securities sector is expected to benefit from policy support aimed at revitalizing capital markets, which will enhance the business landscape for investment banking, brokerage, and asset management [8].

| | 本报告期 | 上年同期 | | 本报告期比上年 同期增减 | | --- | --- | --- | --- | --- | | | | 调整前 | 调整后 | 调整后 | | 营业总收入(元) | 3, 396, 624, 443. 30 | 3,084,447,258.13 | 2,398,747,570.34 | 41. 60% | | 归属于上市公司股东的净利润(元) | 1.404.668.283.47 | 1.000.169.297.95 | 1.000.169.297.95 | 40. 44% | | 归属于上市公司股东的扣除非经常 性损益的净利润(元) | 1.409.569.437.02 | 997, 355, 221. 30 | 997, 355, 221. 30 | 41.33% | | 其他综合收益(元) | -58.690.522.70 | 721.126.705.07 | 721, 126, 705. 07 | -108. 14% | | 经营活动产生的现金流量净额(元) | 8.818.068.155.37 | -529. 471. 525. 15 | -529. 471 ...

国元证券股份有限公司负债管理办法 第二章 管理模式与组织架构 （经 2025 年 8 月 22 日第十届董事会第二十七次会议审议通过） 第一章 总 则 第一条 为进一步加强公司的资本约束，建立健全公司负债管理体系，合理 控制公司负债水平，促进公司持续高质量发展。同时，根据公司战略愿景、责任 使命、企业精神、经营理念等文化建设理念体系，结合公司企业文化建设实践和 公司实际，制定本办法。 第二条 公司负债管理是以公司中长远发展规划为目标，根据经济金融形势 和市场环境变化，在满足监管要求的前提下，合理控制负债规模水平和债务融资 成本，保障公司债务融资顺畅及债务兑付安全，促进公司高质量发展。 第三条 公司负债管理目标为：建立满足流动性管理需求、与业务发展相匹 配的负债管理体系，合理控制负债规模和融资成本，采取有效措施把资产负债率 保持在合理水平，实现效益最大化。 第四条 公司负债管理遵循"稳健经营、科学管理和成本控制"的原则。 (一)坚持稳健经营。强化风险意识和稳健经营理念，合理管控负债规模和杠 杆水平，加强资金管理，防范流动性风险； (二)坚持科学管理。根据国家政策和市场环境变化、经济周期波动等情况， 及时调整债务 ...

法定代表人：沈和付 主管会计工作的负责人：司开铭 会计机构负责人：朱金一 2025 年半年度非经营性资金占用及其他关联资金往来情况汇总表 编制单位：国元证券股份有限公司 单位：人民币 万元 | 非经营性资金占用 | 资金占用方名称 | 占用方与上市公 司的关联关系 | 上市公司核算 的会计科目 | 2025 年期初占 用资金余额 | 2025 年半年度占用累 计发生金额（不含利 | 2025 年半年度占用 | 2025 年半年度 偿还累计发生 | 2025 年 6 月末 占用资金余额 | 占用形成原因 | 占用性质 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | | | | 资金的利息（如有） | | | | | | | | | | | 息） | | 金额 | | | | | 控股股东、实际控制人及其附属企业 | | | | | | | | | | | | 小计 | | | | | | | | | | | | 前控股股东、实际控制人及其附属企业 | | | | | | | | | | | | 小计 | ...

《国元证券股份有限公司负债管理办法》修订说明 1 注：由于增减条款，本制度修订后相关条款序号做相应调整，交叉索引条款也随之调整。 2 修订前 修订后 第七条 公司总裁办公会负责： （一）审批公司负债管理的具体 制度； （二）确定公司内部负债管理工 作的组织架构和相关部门的负债管理 工作职责； （三）审议公司债务融资的相关 议案； （四）听取和审议部门报送的负 债相关工作的报告； （五） 协调公司相关部门，保障 负债管理工作有效开展，督促和落实 公司负债相关工作。 第七条 公司执行委员会负责： （一）确定公司内部负债管理工 作的组织架构和相关部门的负债管理 工作职责； （二）审议公司债务融资的相关 议案。 第八条 公司资产负债与预算管 理委员会负责： （一）审议公司负债管理的具体 制度； （二）听取和审议部门报送的负 债相关工作的报告； （三）协调公司相关部门，保障 负债管理工作有效开展，督促和落实 公司负债相关工作。 第九条 公司授权从事债务融资 相关工作的其他部门，包括但不限于 固定收益部、证券金融部等，主要职 责包括： （一）根据公司授权和部门职责 分工开展负债融资相关工作； （二）服从公司负债管理方面的 ...