截至2025年4月18日收盘，中粮资本(002423)报收于11.98元，上涨0.17%，换手率0.74%，成交量16.95万 手，成交额2.04亿元。 董秘最新回复 投资者： 请问一下，近期中央政府鼓励央国企做好市值管理，回报股东等增强市场信心的政策，做好 表率作用。其他央国企都有在回购自家股票，中粮资本业绩这么好，为什么没有类似操作呢？ 董秘： 您好，公司一如既往地关注国家对上市公司发展的政策导向，高度重视市值管理工作。如有相 关事项公司将第一时间对外进行信息披露，感谢您的关注。 投资者： 董事会秘书您好，请问中粮资本从美国进口（不是出口）的产品占比是多少？ 当日关注点 交易信息汇总：4月18日主力资金净流入13.34万元，占总成交额0.07%；游资资金净流出976.24万 元，占总成交额4.79%；散户资金净流入962.9万元，占总成交额4.73%。 交易信息汇总 4月18日，中粮资本的资金流向情况如下：主力资金净流入13.34万元，占总成交额0.07%；游资资金净 流出976.24万元，占总成交额4.79%；散户资金净流入962.9万元，占总成交额4.73%。 以上内容为证券之星据公开信息整理，由智能 ...

Group 1 - The core issue is the dissemination of false "COFCO Capital" APP links by illegal entities through SMS and WeChat, leading to potential financial fraud [1] - COFCO Capital emphasizes that it operates strictly in accordance with financial regulations and has not established any APP or online sales channels [1] - The company has reported the illegal activities to relevant authorities and reserves the right to pursue legal action against those spreading false information [1] Group 2 - COFCO Capital is a specialized financial management company under COFCO Group, a large state-owned enterprise, with subsidiaries including China UK Life, COFCO Trust, and COFCO Futures [3] - In 2017, COFCO Capital was approved as a mixed-ownership reform pilot enterprise, attracting strategic investors and completing its reform [3] - For the first three quarters of 2024, COFCO Capital reported revenue of approximately 20.18 billion yuan, a year-on-year increase of 17.14%, and a net profit of about 1.277 billion yuan, up 35.3% year-on-year [3]

中粮资本明确了产融服务的主要对象，包括中粮集团、集团 下属的专业公司以及产业链的上下游企业。同时，公司也明确了 产融服务的五大目标，即帮助企业防范经营风险、为企业发展提 供资金支持、助力乡村振兴、保障农户利益，具体包括大宗商品 风险管理、保险保障、债权融资、股权融资和三农服务。未来， 将持续构建中粮资本特色的产融服务体系，提升产融业务聚合 力。 3、中粮资本投资结构情况？ 中粮资本从"自有资金、绝对收益、报表影响"出发，持续 调整大类资产配置，降低高波动资产在市场剧烈波动期间对公司 财务报表的冲击，增加投资业绩实现的确定性，加大 OCI 策略投 资，辅助量化指数增强策略增厚收益，持续加强研究能力建设， 加强风控能力建设，采用风险限额管理，穿透至投资策略本质， 对底层资产风险及收益特征进行分析，制定合理的限额管理方 案，守住高波动资产投资风险底线。从整体结构上看，固收约占 70%，权益约占 30%；固收方面以标品债券为主；权益投资以 OCI 投资为主，OCI 约占 2/3。 证券代码：002423 证券简称：中粮资本 中粮资本控股股份有限公司投资者关系活动记录表 编号：20250320 | | 特定对象调研 □ ...

非银金融/多元金融 中粮资本（002423.SZ） 2025 年 03 月 17 日 投资评级：买入（首次） | 日期 | 2025/3/17 | | --- | --- | | 当前股价(元) | 13.05 | | 一年最高最低(元) | 22.63/7.06 | | 总市值(亿元) | 300.69 | | 流通市值(亿元) | 300.69 | | 总股本(亿股) | 23.04 | | 流通股本(亿股) | 23.04 | | 近 3 个月换手率(%) | 120.56 | 数据来源：聚源 高超（分析师） 唐关勇（联系人） gaochao1@kysec.cn 证书编号：S0790520050001 tangguanyong@kysec.cn 证书编号：S0790123070030 依托中粮产业链，三大主业构筑四维产融协同 公司以中粮集团产业链为依托，保险+期货+信托"为主业的金融牌照齐全，央 企股东背景有力支撑产融协同，人才激励和考核机制市场化，中长期盈利增长稳 健。长远看，中英人寿在合资寿险公司中优势凸显，多元化渠道特色鲜明，负债 端高质量转型下价值率大幅改善，投资业绩多年位居行业前列，中长期以" ...

Investment Rating - The investment rating for COFCO Capital is "Buy" (initial coverage) [1] Core Views - COFCO Capital leverages the COFCO Group's industrial chain, with a focus on insurance, futures, and trust as its main businesses, establishing a four-dimensional financial synergy. The company is expected to achieve stable medium to long-term profit growth, with a strategic goal of becoming the "best joint venture life insurance" [4][5] - The company has a comprehensive financial service system supported by a strong state-owned enterprise background, with a market-oriented talent incentive and assessment mechanism [4][13] Summary by Sections Company Overview - COFCO Capital is a financial holding company under COFCO Group, focusing on creating a comprehensive financial platform that serves the public. It has established a multi-financial license system, primarily in life insurance, futures, and trust, supplemented by industrial funds and financial technology [13][14] Strategic Layout - The company has formed a financial business matrix centered on "insurance + futures + trust," with five major subsidiaries: COFCO Life, COFCO Trust, COFCO Futures, COFCO Industry Fund, and COFCO Capital Technology [23][24] COFCO Life - COFCO Life aims to become the best joint venture life insurance company, with a significant contribution to the company's profits. The company has diversified its premium channels and is transitioning towards dividend-type products, achieving a compound annual growth rate (CAGR) of +17% in premium scale over six years [32][34] COFCO Trust - COFCO Trust has been actively embracing proactive management transformation, with assets under management (AUM) reaching 389.5 billion yuan, a 29% increase from the beginning of the year. The trust's main profit contribution comes from fixed-income products [5][12] COFCO Futures - COFCO Futures has strengthened its domestic and international brokerage business, maintaining a strong industry position with a continuous "AA" rating for ten years. The net profit for the first half of 2024 was 134 million yuan, a decrease of 15% year-on-year [5][22] Financial Performance and Forecast - The company is expected to achieve a net profit of 1.27 billion yuan in 2024, with a year-on-year growth of 24%. The projected return on equity (ROE) for 2024 is 5.8%, with earnings per share (EPS) of 0.55 yuan [4][6][11]

Investment Rating - The investment rating for COFCO Capital is "Buy" (initial coverage) [1] Core Views - COFCO Capital leverages the COFCO Group's industrial chain, with a focus on insurance, futures, and trust as its main businesses, establishing a four-dimensional financial synergy. The company aims for steady medium to long-term profit growth, supported by a strong state-owned enterprise background and a market-oriented talent incentive mechanism [4][13] - The company is expected to achieve a net profit attributable to shareholders of 1.27 billion, 1.40 billion, and 1.52 billion yuan for 2024E, 2025E, and 2026E respectively, reflecting year-on-year growth of 24%, 11%, and 8% [4][6] Summary by Sections Company Overview - COFCO Capital is a financial holding company under COFCO Group, focusing on creating a comprehensive financial platform that serves the public. It has established a diverse financial service system with licenses in insurance, futures, and trust [13][14] Strategic Layout - The company has built a financial business matrix centered on "insurance + futures + trust," with five major subsidiaries: COFCO Life, COFCO Trust, COFCO Futures, COFCO Industry Fund, and COFCO Capital Technology [13][23] COFCO Life - COFCO Life aims to become the best joint venture life insurance company, with a multi-channel approach contributing over 40% to the company's profits. The company has seen a compound annual growth rate (CAGR) of 8% in net profit over the past six years [32][34] COFCO Trust - COFCO Trust has been actively transitioning to proactive management, with assets under management (AUM) reaching 389.5 billion yuan, a 29% increase from the beginning of the year. The trust's main profit contributions come from fixed-income products [5][12] COFCO Futures - COFCO Futures has strengthened its domestic and international brokerage business, maintaining a strong profitability ranking in the industry. The net profit for the first half of 2024 was 134 million yuan, a decrease of 15% year-on-year [5][22] Financial Performance and Forecast - The company reported a revenue of 22.28 billion yuan in 2023, with a year-on-year growth of 19.8%. The projected revenues for 2024E, 2025E, and 2026E are 29.95 billion, 33.18 billion, and 35.83 billion yuan respectively, indicating a robust growth trajectory [6][28]

证券代码：002423 证券简称：中粮资本 中粮资本控股股份有限公司投资者关系活动记录表 编号：20250314 中粮期货作为国内领先的产业特色衍生品金融公司，持续深 耕期货及衍生品领域，构建了覆盖经纪业务、投资咨询、风险管 理、资产管理等多元化业务体系。公司以产业服务为中心，基于 "市场化、专业化、产品化"三大原则，形成"场内＋场外，境 内＋境外"全市场布局，落地"一体化"运营。 中英人寿持续秉持稳健经营理念，坚持价值增长；加强内生 动力，探索外延发展。公司致力于以客户为中心，围绕健康、养 老、财富和传承这四大核心需求，提供特色化和品牌化的产品和 服务解决方案。 在渠道发展上，中英人寿将推动高质量转型： 个险渠道将专注于培养和招募优秀人才，提升代理人的生产 力，使其成为公司价值创造的主要力量。 经代渠道将抓住市场机遇，加强与领先经代公司的合作，推 出定制产品，利用专业优势，实现业务的高质量增长，打造市场 优质品牌。 银保渠道将坚持以客户为中心，走专业化和稳健经营的路 线，利用公司服务优势，提供全生命周期的产品，并深化合作， 抓住市场新机遇，实现快速发展。 在产品策略上，中英人寿将加快产品结构调整，特别是分红 ...

Group 1: Financial Performance - In the first three quarters of the year, COFCO Capital reported revenue of nearly 20.2 billion, with a growth rate of 17% [1] - The net profit attributable to shareholders reached approximately 1.277 billion, reflecting a year-on-year growth of 35% [1] - Comprehensive income attributable to shareholders exceeded 2.6 billion, with a significant year-on-year increase of 105% [1] Group 2: Business Development - The life insurance business achieved a historical high in new business, with APE and VNB showing substantial growth [1] - Trust business maintained steady development, with a significant increase in trust scale and notable improvements in industry ranking [1] - Futures business continued to leverage its advantages, achieving peak client equity scale and stable development in brokerage business [1] Group 3: Risk Management - COFCO Capital established a unified risk management framework based on the "14th Five-Year Plan," focusing on standardization, centralization, and intelligence [2] - The company aims to prevent new high-risk projects and enhance daily risk management capabilities [2] - Five key risk management mechanisms were strengthened, including risk control system optimization and parallel monitoring and early warning systems [2] Group 4: Integration of Industry and Finance - COFCO Capital formed a dedicated committee for the integration of industry and finance, led by the chairman, to enhance operational synergy [3] - The company identified its main service targets, including COFCO Group and its subsidiaries, as well as upstream and downstream enterprises in the industry chain [3] - Five major goals for industry-finance services were established, focusing on risk management, funding support, rural revitalization, and safeguarding farmers' interests [3]

证券代码：002423 证券简称：中粮资本 中粮资本控股股份有限公司投资者关系活动记录表 经代渠道将抓住市场机遇，加强与领先经代公司的合作，推 出定制产品，利用专业优势，实现业务的高质量增长，打造市场 优质品牌。 银保渠道将坚持以客户为中心，走专业化和稳健经营的路 线，利用公司服务优势，提供全生命周期的产品，并深化合作， 抓住市场新机遇，实现快速发展。 在产品策略上，中英人寿将加快产品结构调整，特别是分红 产品的转型。公司将集中资源，从产品开发、业务推动、考核激 励和培训支持等方面全面推进分红产品的转型，加快业务转型步 伐。 3.中粮期货的战略定位？ 围绕打造"国内领先的产业特色衍生品金融服务公司"战略 目标，形成"场内＋场外，境内＋境外"全市场布局，落地"一 体化"运营，境内经纪与风险管理、资管业务协同增长，国际业 务稳步增长。 编号：20250210 | |  特定对象调研 □分析师会议 | | --- | --- | | 投资者关系 | □媒体采访 □业绩说明会 | | 活动类别 | □新闻发布会 □路演活动 | | | □现场参观 | | | □其他 | | 参与单位名称 | 兴业证券、工银瑞信、中 ...

股票代码：002423 股票简称：中粮资本 公告编号：2025-004 中粮资本控股股份有限公司 关于持股 5%以上股东减持计划时间届满 暨减持至 5%以下的权益变动提示性公告 持股 5%以上的股东弘毅弘量（深圳）股权投资基金合伙企业（有限合伙） 保证向本公司提供的信息内容真实、准确、完整，没有虚假记载、误导性陈述或 重大遗漏。 本公司及董事会全体成员保证公告内容与信息披露义务人提供的信息一致。 特别提示： 2024 年 11 月 1 日，中粮资本在巨潮资讯网披露了《关于持股 5%以上股东 减持股份达到 1%暨减持计划进展的公告》（公告编号：2024-049），弘毅弘量 按本次预披露的减持计划，以集中竞价方式合计减持其持有的公司股份 22,259,907 股，占公司总股本的比例为 0.9661%，累加根据 2022 年 12 月 14 日 披露的减持计划减持的公司股份 6,744,700 股（详见公司于 2023 年 7 月 6 日披露 的《关于持股 5%以上股东减持计划时间届满的公告》，公告编号为 2023-028）， 合计减持股份占公司总股本的比例为 1.2588%。权益变动后持有公司股份 124,393 ...