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 除非文義另有所指，否則本公告所用詞彙與本公司日期為2025年11月6日之 通函（「臨時股東大會通函」）中所採用者具有相同涵義。 臨時股東大會由董事會召集，本公司董事長林傳輝先生主持，以現場會議方 式召開。臨時股東大會並無否決或修改提案情形，亦無於會上提呈新議案以 投票表決及批准。 （於中華人民共和國註冊成立的股份有限公司） （股份代號：1776） 2025年第二次臨時股東大會投票表決結果 廣發証券股份有限公司（「本公司」）董事會（「董事會」）欣然公佈本公司於2025年 11月26日（星期三）舉行的2025年第二次臨時股東大會（「臨時股東大會」）上提 呈之議案之投票結果。有關議案獲正式通過。 1. 臨時股東大會召開和出席情況 臨時股東大會已於2025年11月26日（星期三）下午2時30分於中國廣東省廣州 市天河區馬場路26號廣發証券大廈 ...

北京市嘉源律师事务所 关于广发证券股份有限公司 2025 年第二次临时股东大会的 法律意见书 西城区复兴门内大街 158 号远洋大厦 4 楼 中国·北京 北京 BEIJING·上海 SHANGHAI·深圳 SHENZHEN·香港 HONG KONG·广州 GUANGZHOU·西安 XI'AN 致：广发证券股份有限公司 北京市嘉源律师事务所 关于广发证券股份有限公司 2025 年第二次临时股东大会的 法律意见书 嘉源(2025)-04-866 北京市嘉源律师事务所（以下简称"本所"）接受广发证券股份有限公司（以 下简称"公司"）的委托，根据《中华人民共和国公司法》（以下简称"《公司 法》"）、《上市公司股东会规则》（以下简称"《股东会规则》"）等现行有 效的法律、行政法规、部门规章、规范性文件（以下简称"法律法规"）以及《广 发证券股份有限公司章程》（以下简称"《公司章程》"）的有关规定，指派本 所律师对公司2025年第二次临时股东大会（以下简称"本次股东大会"）进行见 证，并依法出具本法律意见书。 为出具本法律意见书，本所指派律师现场见证了本次股东大会，查阅了公司 提供的与本次股东大会有关的文件和资料，并进行 ...

证券代码：000776 证券简称：广发证券 公告编号：2025-047 广发证券股份有限公司 2025 年第二次临时股东大会会议决议公告 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。 6．本次会议的召集、召开符合有关法律、行政法规、部门规章、规范性文 件和《广发证券股份有限公司章程》（以下简称"《公司章程》"）的规定。 特别提示：本次股东大会未出现否决提案，也不涉及变更以往股东大会已通 过的决议。 一、会议召开和出席情况 （一）召开情况 1．召开时间： （1）现场会议召开日期和时间：2025 年 11 月 26 日（星期三）下午 14:30 时开始； （2）A 股网络投票时间：网络投票系统包括深圳证券交易所交易系统和互 联网投票系统（网址：http://wltp.cninfo.com.cn）。通过交易系统进行网络投票 的时间为 2025 年 11 月 26 日（星期三）上午 9:15-9:25，9:30-11:30，下午 13:00-15:00； 通过互联网投票系统进行网络投票的时间为 2025 年 11 月 26 日（星期三）上午 9:15 至下午 15: ...

Market Overview - The participatory fund sector experienced a decline of 0.84% compared to the previous trading day, with Daheng Technology leading the drop [1] - The Shanghai Composite Index closed at 3864.18, down 0.15%, while the Shenzhen Component Index closed at 12907.83, up 1.02% [1] Stock Performance - Notable gainers included: - Zhongjia Group (Code: 000039) with a closing price of 9.35, up 10.00% and a trading volume of 1.9474 million shares, totaling 1.764 billion yuan [1] - Suzhou Gaoxin (Code: 600736) closed at 5.79, up 3.76% with a trading volume of 590,000 shares, totaling 345 million yuan [1] - Daheng Technology (Code: 600288) was the biggest loser, closing at 14.69, down 2.13% with a trading volume of 86,400 shares, totaling 129 million yuan [2] Capital Flow - The participatory fund sector saw a net outflow of 732 million yuan from institutional investors, while retail investors contributed a net inflow of 574 million yuan [2] - The overall capital flow indicates a mixed sentiment, with institutional investors withdrawing funds while retail investors increased their participation [2] Individual Stock Capital Flow - Zhongjia Group (Code: 000039) had a net inflow of 474 million yuan from institutional investors, representing 26.86% of its trading volume [3] - Fenghuo Communication (Code: 600498) experienced a net inflow of 76.36 million yuan from institutional investors, but a net outflow of 18.29 million yuan from speculative funds [3]

Core Insights - The securities sector experienced a slight decline of 0.23% on November 26, with Jinlong Co. leading the drop [1] - The Shanghai Composite Index closed at 3864.18, down 0.15%, while the Shenzhen Component Index rose by 1.02% to 12907.83 [1] Securities Sector Performance - Jinlong Co. saw a significant drop of 1.89%, closing at 12.97, with a trading volume of 149,400 shares and a turnover of 196 million [2] - Other notable declines included Huachuang Yuxin down 1.42% and Hatou Co. down 1.32% [2] - The overall net outflow of main funds in the securities sector was 1.138 billion, while retail investors saw a net inflow of 945 million [2] Fund Flow Analysis - Major net inflows were observed in Shenwan Hongyuan with 35.018 million, while retail investors had a net outflow of 33.736 million [3] - Huaxi Securities also reported a net inflow of 19.1457 million from major funds, but a net outflow of 11.1841 million from retail investors [3] - The overall trend indicates a mixed sentiment among different investor categories within the securities sector [3]

Core Viewpoint - The inclusion of Guangfa Securities in the MSCI China Index is expected to enhance its market liquidity and attract more international passive funds, reflecting the company's recognition in terms of market capitalization, liquidity, corporate governance, and business stability [1][2]. Group 1: Company Overview - Guangfa Securities has four main business segments: investment banking, wealth management, trading and institutional services, and investment management, holding a full business license and continuously enhancing its comprehensive financial service capabilities [1]. - The company has shown strong performance in operational stability, business expansion, and capital market performance, positioning itself favorably within the industry [1]. Group 2: Financial Performance - In the first three quarters of 2025, Guangfa Securities achieved steady growth in revenue and net profit, with an expanding asset scale in wealth management and solid rankings in investment banking key indicators [2]. - The company has experienced good growth momentum in trading, institutional business, and asset management, benefiting from increased capital market activity [2]. Group 3: Market Impact - The stock price of Guangfa Securities has shown a steady upward trend this year, reaching multiple new highs, driven by improved fundamentals, stable industry policies, and a recovery in investor risk appetite [2]. - The inclusion in the MSCI China Index is expected to provide additional funding support for the stock price through automatic increases from passive index funds and enhance the company's visibility among global investors [2]. Group 4: Future Strategy - Guangfa Securities plans to focus on its core responsibilities and embrace technological innovation, aiming to integrate finance and technology deeply while creating a comprehensive financial service platform that emphasizes quality assets, products, and clients [3].

证券代码：688143 证券简称：长盈通 公告编号：2025-080 武汉长盈通光电技术股份有限公司 本公司董事会及全体董事保证公告内容不存在任何虚假记载、误导性陈述或者重大遗漏，并对其内容的 真实性、准确性和完整性依法承担法律责任。 武汉长盈通光电技术股份有限公司（以下简称"公司"）通过发行股份及支付现金方式，向武汉创联智光 科技有限公司、李龙勤、宁波铖丰皓企业管理有限公司等3名交易对方收购武汉生一升光电科技有限公 司100%股权（以下简称"本次交易"）。 广发证券股份有限公司(以下简称"广发证券")为公司本次交易的独立财务顾问。广发证券原委派李善军 先生、郁超先生、李东岳先生担任本次交易的独立财务顾问主办人。近日，公司收到广发证券出具的 《关于更换公司发行股份及支付现金购买资产项目持续督导财务顾问主办人的通知》，广发证券原独立 财务顾问主办人李善军先生、郁超先生因工作变动，不再担任本次交易的独立财务顾问主办人，由田民 先生（简历见附件）接任后续的工作，其余人员继续履行相关职责。上述变更后，本次交易的独立财务 顾问主办人为李东岳先生、田民先生。 特此公告。 关于更换独立财务顾问主办人的公告 2025年11月 ...

炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ 当前，随着券商业务日趋多元化、客户账户不断增加，客户主要有普通经纪、信用账户、股票期权户以及基金投顾账户 四类账户；各个账户间各自分立，客户资金划转不便。这对证券公司现有账户管理制度提出了整合和优化的新要求。 "支持证券公司从建立综合客户账户、允许同名划转、分类账户管理等方面开展账户管理功能优化试点，优化券商账户 主要是出于整合与优化账户体系的要求，优化客户体验，提升客户服务效率。"证监会指出。 监管同时强调，内部账户管理功能优化，应在现有客户交易结算资金第三方存管框架下开展。 智通财经记者 | 孙艺真 券商财富管理转型加速推进，券商综合账户试点再迎"新面孔"。 智通财经从业内获悉，近期，国联民生（601456．SH）、东方证券（600958.SH）、东吴证券（601555．SH）、平安 证券、西部证券（002673.SZ）、东北证券（000686.SZ）、东方财富（300059.SZ）、华鑫证券8家证券公司获批券商综 合账户试点。 这意味着，时隔三年，券商综合账户试点第三度迎来扩容，开展券商综合账户试点的券商数量从现有的12家已增加到 ...

Core Viewpoint - The report from GF Securities indicates that the cumulative sales of passenger vehicles from January to October 2025 reached 18.769 million units, representing a year-on-year increase of 5.4%. The firm forecasts a year-on-year growth rate for passenger vehicle terminal sales in 2025 to be between 5% and 10% [1][2]. Group 1: Sales and Market Trends - The cumulative sales of passenger vehicles in 2025 from January to October were 18.769 million units, with a year-on-year increase of 5.4% [1]. - In October 2025, the domestic passenger vehicle insurance registrations were 2.086 million units, showing a year-on-year decrease of 9.2% and a month-on-month decrease of 6.4% [1]. - The ASP (Average Selling Price) of the passenger vehicle industry increased by 2.9% year-on-year in October 2025, marking a positive change in ASP growth [2]. Group 2: Policy and Future Outlook - The core policy goal for the passenger vehicle industry in 2026 may focus on increasing ASP to avoid deflation [2]. - The report suggests that if the vehicle replacement subsidy policy continues, it could contribute an estimated 2.1% elasticity to the terminal sales of passenger vehicles in 2026 [2]. - The expected year-on-year growth rate for domestic terminal sales of passenger vehicles in 2026 is projected to be around 1% under a neutral scenario [2]. Group 3: Inventory and Market Share - As of the end of October 2025, the inventory of the passenger vehicle industry was at a reasonable level, with a dynamic inventory-to-sales ratio of 2.1 [3]. - The inventory-to-sales ratio for new energy passenger vehicles was approximately 1.9, indicating a relatively normal inventory level [3]. - In October 2025, the market share of Chinese brand passenger vehicles reached 69.23%, reflecting a year-on-year increase of 3.7 percentage points [4]. Group 4: Investment Recommendations - The report suggests focusing on longer-term profit potential and timing operations based on ASP trends. Recommended stocks include Geely Automobile, BYD, and others in the passenger vehicle chain [5]. - Specific stocks identified as having potential turning points include Great Wall Motors and SAIC Motor [5].

Core Viewpoint - The inclusion of Guangfa Securities in the MSCI China Index signifies international recognition of its market value, liquidity, corporate governance, and business stability, which is expected to attract more international passive funds and enhance stock liquidity and market activity [1][2]. Group 1: MSCI Inclusion - Guangfa Securities has been officially included in the MSCI China Index, effective after the market close on November 24, 2025 [1]. - The MSCI China Index is a significant benchmark for Chinese stock investments, widely used for asset allocation by international passive and active funds [1]. - The recognition from MSCI is seen as a validation of Guangfa Securities' performance across multiple dimensions, including market capitalization and governance [1]. Group 2: Financial Performance - In the first three quarters of 2025, Guangfa Securities reported steady growth in revenue and net profit, with an expanding wealth management client asset scale [2]. - The company maintains a solid ranking in investment banking and has shown good growth in trading, institutional business, and asset management due to increased market activity [2]. - Guangfa Securities is focused on enhancing its core competitiveness across business segments while promoting high-quality development and sustainable growth [2]. Group 3: Market Performance and Future Outlook - The company has garnered positive market attention this year, with its stock price showing a steady upward trend and reaching new highs multiple times [2]. - Guangfa Securities aims to continue focusing on its core responsibilities, embracing technological innovation, and creating a comprehensive financial service platform that integrates "good assets, good products, and good clients" [2].