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，概不對因本公告全部或任何部份內容而產生或因倚 賴該等內容而引致的任何損失承擔任何責任。 GF SECURITIES CO., LTD. 廣發証券股份有限公司 根據中華人民共和國的有關法例規定，廣發証券股份有限公司（「本公司」）在深圳 證券交易所網站( http://www.szse.cn )刊發的《廣發証券股份有限公司2023年面向專 業投資者公開發行公司債券（第三期）2025年付息公告》。茲載列如下，僅供參閱。 承董事會命 廣發証券股份有限公司 林傳輝 董事長 中國，廣州 2025年10月22日 （於中華人民共和國註冊成立的股份有限公司） （股份代號：1776） 海外監管公告 本公告乃根據香港聯合交易所有限公司證券上市規則第13.10B條刊發。 债券代码：148484 债券简称：23 广发 09 2025 年付息公告 於本公告日期，本公司董事會成員包括執行董事林傳輝先生、秦力先生、孫曉燕 女士及肖雪生先生；非執行董事李秀林先生、尚書志先生及郭敬誼先生；獨立非 執行董事梁碩玲女士、黎文靖先 ...

Core Viewpoint - Guangfa Securities is set to issue a total of 3 billion yuan in subordinated bonds aimed at professional investors, with a coupon rate of 2.20% [1] Group 1: Bond Issuance Details - The bond issuance is referred to as "25 Guangfa C6" and is the fourth phase of the company's public offering of subordinated bonds [1] - The total issuance amount is 3 billion yuan, which meets the listing requirements of the Shenzhen Stock Exchange [1] - The bonds will be listed on the Shenzhen Stock Exchange starting from October 23, 2025, and will be available for trading among professional institutional investors [1] Group 2: Trading Methods - The trading methods for the bonds include matched transactions, click transactions, inquiry transactions, competitive bidding transactions, and negotiated transactions [1]

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，概不對因本公告全部或任何部份內容而產生或因倚 賴該等內容而引致的任何損失承擔任何責任。 本公告乃根據香港聯合交易所有限公司證券上市規則第13.10B條刊發。 根據中華人民共和國的有關法例規定，廣發証券股份有限公司（「本公司」）在深圳 證券交易所網站( http://www.szse.cn )刊發的《廣發証券股份有限公司2025年面向專 業投資者公開發行次級債券（第四期）在深圳證券交易所上市的公告》。茲載列如 下，僅供參閱。 承董事會命 廣發証券股份有限公司 林傳輝 董事長 中國，廣州 2025年10月22日 GF SECURITIES CO., LTD. 廣發証券股份有限公司 （於中華人民共和國註冊成立的股份有限公司） （股份代號：1776） 海外監管公告 2025 年面向专业投资者公开发行次级债券（第四期） 在深圳证券交易所上市的公告 根据深圳证券交易所债券上市的有关规定，广发证券股份有限公司 2025 年 面向专业投资者公开发行次级债券（第四期）（以下简称"本期债券"）符合深圳 证券交 ...

Core Viewpoint - The recent appointment of Li Qian as the general manager of Ping An Securities marks a significant shift in the leadership landscape of the brokerage industry, indicating potential strategic advancements for the company [2][6]. Group 1: Leadership Changes - Li Qian, former vice president of Guangfa Securities, is set to join Ping An Securities as the general manager [2]. - His resignation from Guangfa Securities was announced on October 15, citing personal reasons, and he will not hold any positions in the company or its subsidiaries post-resignation [2]. - The leadership transition at Ping An Securities is seen as a foundation for deepening company strategy, upgrading service systems, and strengthening internal control management [6]. Group 2: Background of Li Qian - Li Qian, born in 1984, holds a bachelor's, master's, and doctoral degree in economics from Renmin University of China [4]. - His career includes significant roles at the Industrial and Commercial Bank of China and Guangfa Securities, where he held various leadership positions [4]. Group 3: Ping An Securities' Recent Developments - Ping An Securities has been actively promoting wealth management capabilities and has implemented an integrated service model, achieving a top-three position in personal customer numbers and leading app user engagement in the industry [4]. - The company reported a revenue of 11.382 billion yuan and a net profit of 4.376 billion yuan for 2024, doubling its performance since 2018, with a return on equity (ROE) of 9.4%, maintaining a leading position in the industry [5]. Group 4: Other Key Appointments - Alongside Li Qian, other executives such as Jiang Xuehong and Zou Li have been promoted, with Zou Li's responsibilities expanding to enhance the internal control system [4][5].

Core Viewpoint - The article discusses the upcoming appointment of Li Qian, former Vice President of GF Securities, as the General Manager (proposed) of Ping An Securities, highlighting the strategic leadership changes within the company and its focus on enhancing wealth management capabilities and internal control systems [2][3][4]. Group 1: Leadership Changes - Li Qian is set to join Ping An Securities as General Manager after resigning from his position at GF Securities due to personal work changes [2]. - Ping An Securities has been actively promoting internal talent, with Jiang Xuehong being promoted to Vice President, overseeing the core brokerage business [3]. - The company also appointed Zou Li as Chief Risk Officer, expanding her responsibilities to enhance the internal control system [3][4]. Group 2: Company Performance - Ping An Securities has seen significant growth since the new leadership was established in 2018, with operating income projected to reach 11.382 billion yuan and net profit expected to be 4.376 billion yuan in 2024, doubling since 2018 [4]. - The company's return on equity (ROE) is reported at 9.4%, maintaining a leading position within the industry [4]. Group 3: Strategic Focus - The recent leadership adjustments are aimed at laying a foundation for deeper strategic initiatives, service system upgrades, and strengthened internal control management [4].

2、债券简称与代码：本期债券简称为"23 广发 09"，债券代码为"148484"。 债券代码：148484 债券简称：23 广发 09 广发证券股份有限公司 2023 年面向专业投资者公开发行公司债券（第三期） 2025 年付息公告 本公司及董事会全体成员保证公告的内容真实、准确、完整，没有虚假记载、 误导性陈述或者重大遗漏。 特别提示： 由广发证券股份有限公司（以下简称"本公司"）发行的广发证券股份有限 公司 2023 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"）将于 2025 年 10 月 24 日支付 2024 年 10 月 24 日至 2025 年 10 月 23 日期 间的利息。为确保付息工作的顺利进行，现将有关事宜公告如下： 一、本期债券基本情况 1、债券名称：广发证券股份有限公司 2023 年面向专业投资者公开发行公司 债券（第三期） 3、债券发行批准机关及文号：中国证券监督管理委员会证监许可〔2023〕 479 号文。 4、发行期限、规模和利率：本期债券发行期限为 3 年，发行规模为 21 亿元， 票面利率为 3.00%。 5、起息日：2023 年 10 月 24 日 ...

根据深圳证券交易所债券上市的有关规定，广发证券股份有限公司 2025 年 面向专业投资者公开发行次级债券（第四期）（以下简称"本期债券"）符合深圳 证券交易所债券上市条件，将于 2025 年 10 月 23 日起在深圳证券交易所上市， 并面向专业机构投资者交易，交易方式包括匹配成交、点击成交、询价成交、竞 买成交和协商成交。本期债券相关要素如下： 2025 年面向专业投资者公开发行次级债券（第四期） 在深圳证券交易所上市的公告 广发证券股份有限公司 | 债券名称 | | 广发证券股份有限公司 | | 2025 | | | | 年面向专业投资者公开发 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | 行次级债券（第四期） | | | | | | | | 债券简称 | 25 广发 C6 | | | | | | | | | 债券代码 | 524471 | | | | | | | | | 信用评级 | 主体评级 | | AAA/债项评级 | | AAA | | | | | 评级机构 | | | 中诚信国际信用评级有限责任公司 | | | | ...

Core Viewpoint - The AI Fund Yongying State-Owned Enterprise Opportunity Selection Mixed Fund A (023824) reported a profit of 886,700 yuan for Q3 2025, with a weighted average profit per fund share of 0.0105 yuan, indicating a net value growth rate of 1.05% during the reporting period [3]. Fund Performance - As of the end of Q3 2025, the fund's scale was 84.97 million yuan, with a unit net value of 0.975 yuan as of October 21 [3]. - The fund manager, Wang Wenlong, currently manages three funds [3]. Investment Strategy - The fund's investment strategy focuses on "valuation reconstruction + growth breakthrough," with three main areas of emphasis: 1. High-quality state-owned enterprises undergoing asset integration and upgrades, particularly those with opportunities for value reassessment through asset injection [3]. 2. Technology innovation-driven state-owned enterprises, focusing on leading stocks with attributes of industrial chain leaders in new productivity directions [3]. 3. Stable holding positions in core assets [3]. Top Holdings - As of the end of Q3 2025, the fund's top ten holdings included: 1. Dongli New Science 2. Yandong Micro 3. Northern Huachuang 4. Kaipu Cloud 5. Huahong Semiconductor 6. AVIC Shenyang Aircraft 7. Shanda Diwei 8. Guodun Quantum 9. Zhongke Shuguang 10. GF Securities [3].

Group 1 - The core viewpoint of the report indicates that the environmental protection industry is entering a phase of stable growth, with expectations for increased dividends due to reduced capital expenditures and improved cash flow [1][2] - The report highlights the acceleration of domestic substitution in the scientific instrument sector, driven by government procurement policies that favor domestic products with a 20% price evaluation discount [1] - The solid waste and water sectors are identified as key areas for investment, with specific companies recommended for their strong performance and cash flow improvement [1][2] Group 2 - The report notes that the dividend payout ratio in the solid waste sector has significantly increased, with 10 out of 12 companies raising their absolute dividend amounts, and an average dividend ratio of 42%, up by 10.6 percentage points year-on-year [2] - Companies such as Huanlan Environment, Shanghai Industrial Holdings, and others are suggested for their potential in dividend growth as the industry matures and capital expenditures decrease [2]

Group 1 - The banking sector has shown strong performance amidst a general market pullback, with the CITIC primary bank index rising by 5.0% from October 13 to 17, 2025, outperforming the Wind All A index significantly [1] - All categories of banks, including state-owned banks, joint-stock banks, city commercial banks, and rural commercial banks, achieved positive returns, with rural commercial banks leading with a 7.12% increase, indicating a temporary market preference for the banking sector [1] - The banking sector has returned to a value range after previous adjustments, and with increasing demand for year-end allocations, it may be in a bottoming phase, presenting certain investment appeal [1] Group 2 - The banking sector performed well today, with bank ETF funds slightly increasing, and over the past five trading days, they attracted a net inflow of over 260 million yuan, with a net inflow rate of 30.60% [1]