董事会关于独立董事独立性评估的专项意见 2025 年 4 月 26 日 1 山西证券股份有限公司董事会 关于独立董事独立性评估的专项意见 根据《上市公司独立董事管理办法》《深圳证券交易所股票上市 规则》《深圳证券交易所上市公司自律监管指引第 1 号--主板上市公 司规范运作》等相关规定要求，山西证券股份有限公司（以下简称"公 司"）董事会就公司 2024 年度在任独立董事李海涛先生、邢会强先 生、朱祁先生、郭洁女士的独立性情况进行评估并出具专项意见如下： 经核查公司独立董事李海涛先生、邢会强先生、朱祁先生、郭洁 女士的任职经历以及签署的相关自查文件，上述人员未在公司担任除 独立董事以外的任何职务，也未在公司主要股东单位担任任何职务， 与公司及主要股东之间不存在利害关系或其他可能妨碍其进行独立 客观判断的关系，不存在影响独立董事独立性的情况。公司独立董事 均符合《上市公司独立董事管理办法》《证券基金经营机构董事、监 事、高级管理人员及从业人员监督管理办法》《深圳证券交易所股票 上市规则》《深圳证券交易所上市公司自律监管指引第 1 号--主板上 市公司规范运作》等法规、规范性文件关于独立董事独立性的相关要 求。 ...

独立董事 2024 年度述职报告 山西证券股份有限公司 独立董事 2024 年度述职报告 （朱祁） 本人作为公司独立董事，严格按照《上市公司治理准则》《上市 公司独立董事管理办法》等法律法规以及《公司章程》《独立董事制 度》的规定，客观、公正、独立，勤勉尽责，积极履职，切实维护公 司整体利益和全体股东尤其是中小股东的合法权益。本人 2024 年度 的任职期间为 2024 年 1 月 1 日至 2024 年 12 月 31 日。现将履职情况 报告如下: 一、 基本情况 （一）个人基本情况 本人朱祁，1975 年 11 月出生，博士学位，于 2020 年 12 月起担 任本公司独立董事。自 2012 年 7 月起担任复旦大学管理学院金融与 财务学系副教授。 自 2019 年 8月起兼任宁波人健药业集团股份有限公司独立董事， 2022 年 10 月起兼任上海复深蓝软件股份有限公司独立董事。 2007 年 9 月至 2012 年 6 月曾任上海交通大学安泰经济与管理学 院金融系讲师。 （二）独立性自查情况 经自查，报告期内，本人未在公司担任除独立董事外的其他职务， 与公司及其主要股东、实际控制人不存在直接或间接利害关 ...

独立董事 2024 年度述职报告 山西证券股份有限公司 独立董事 2024 年度述职报告 （郭洁） 作为公司独立董事，本人严格按照《上市公司治理准则》《上市 公司独立董事管理办法》等法律法规以及《公司章程》《独立董事制 度》的规定，本着客观、公正、独立的原则，勤勉尽责，积极履职， 切实维护公司整体利益和全体股东尤其是中小股东的合法权益。本人 2024 年度的任职期间为 2024 年 1 月 1 日至 2024 年 12 月 31 日。现 将履职情况报告如下: 一、 基本情况 1 （一）个人基本情况 本人郭洁，1975 年 8 月出生，学士学位，高级会计师、注册会 计师，于 2020 年 12 月起担任本公司独立董事。自 2020 年 12 月起担 任华夏桥水（北京）投资管理有限公司执行董事。 自 2022 年 5月起兼任晋城农村商业银行股份有限公司独立董事。 1997 年 12 月至 2005 年 6 月曾任大连中连资产评估有限公司总 经理；2004 年 7 月至 2005 年 7 月曾任北京中兆国际会计师事务所有 限公司总经理；2005 年 7 月至 2008 年 7 月曾任民政部紧急救援促进 中心理事会秘 ...

独立董事 2024 年度述职报告 山西证券股份有限公司 独立董事 2024 年度述职报告 （李海涛） 1 本人作为公司独立董事，严格按照《上市公司治理准则》《上市 公司独立董事管理办法》等法律法规以及《公司章程》《独立董事制 度》的规定，本着客观、公正、独立的原则，勤勉尽责，积极履职， 切实维护公司整体利益和全体股东尤其是中小股东的合法权益。本人 2024 年度的任职期间为 2024 年 1 月 1 日至 2024 年 12 月 31 日。现 将本人 2024 年度履职情况报告如下: 一、 基本情况 （一）个人基本情况 本人李海涛，1969 年 2 月出生，博士学位，于 2020 年 12 月起担 任本公司独立董事。自 2013 年 3 月起担任长江商学院金融学教授； 2024 年 1 月起担任长江商学院院长。 自 2012 年 12 月起兼任中国白银集团有限公司独立董事；2016 年 4 月起兼任汇安基金管理有限责任公司独立董事；2021 年 6 月起兼任 康桥悦生活集团有限公司独立董事。 曾于 1997 年 6 月至 2005 年 5 月任康纳尔大学 Johnson 管理学院 金融学助理教授；2005 年 ...

Financial Performance - The company reported a total revenue of $1.2 billion for the fiscal year, representing a 15% increase year-over-year[49]. - Total revenue for 2024 was CNY 3,152,075,207, a decrease of 9.18% compared to CNY 3,470,696,161 in 2023[55]. - Net profit attributable to shareholders increased by 14.86% to CNY 711,831,847 from CNY 619,761,504 in the previous year[55]. - The company reported a net profit of CNY 620,167,456 for the parent company, up 19.73% from CNY 517,965,462 in 2023[57]. - The company provided guidance for the next quarter, expecting revenue to be between $1.3 billion and $1.5 billion, indicating a potential growth of 8% to 25%[47]. - The company reported a significant increase in revenue, reaching $1.2 billion, representing a 15% year-over-year growth[47]. - The company’s total equity attributable to shareholders was CNY 17,970,113,581, reflecting a 1.26% increase from CNY 17,746,832,505 in 2023[57]. - The company’s total assets as of December 31, 2024, amounted to ¥80,661,344,114, reflecting a 3.96% increase from ¥77,590,229,317 in 2023[68]. Business Expansion and Development - The company has been actively expanding its business operations, including the establishment of subsidiaries for asset management and financial product sales[18]. - The company plans to open new branches in Hunan, Henan, Jiangsu, Shandong, Zhejiang, and Shaanxi by 2025[39]. - The company has established a joint venture with Deutsche Bank, holding a 66.7% stake in the newly formed Zhongde Securities[26]. - The company has established a business development framework covering major domestic cities, with a focus on key cities such as Taiyuan, Changzhi, and Yuncheng[42]. - The company is focused on enhancing its technological capabilities through the establishment of new subsidiaries and partnerships[40]. - The company is exploring potential mergers and acquisitions to strengthen its market position[42]. - The company is expanding its international business by enhancing investment operations and launching new trading strategies[105]. Risk Management - The company has established a comprehensive risk management system to address major risks including policy, liquidity, market, credit, operational, and reputational risks[5]. - The company emphasizes the importance of risk awareness among investors regarding forward-looking statements and industry developments[5]. - The company’s risk management framework is designed to ensure compliance and control, with all risk indicators meeting regulatory requirements[94]. - The company established a liquidity risk monitoring indicator system covering liquidity coverage ratio, net stable funding ratio, and other metrics, ensuring sufficient liquidity asset reserves[186]. - The company developed an internal credit rating system and multiple credit risk models to enhance credit risk management capabilities[189]. - The company has established a comprehensive internal management system and checks and balances mechanism to address operational risks, ensuring clear definitions of responsibilities and authority across departments and positions[197]. Capital and Financing - The company’s registered capital stands at 3,589,771,547 CNY[13]. - The company has consistently increased its registered capital through various mergers and expansions, reflecting its growth strategy in the financial market[25]. - The company has a strong financing capability, maintaining good communication and cooperation with multiple banks, resulting in sufficient credit limits[139]. - The total amount of cash received from the issuance of bonds increased by 71.33% to 5,984,436,801 yuan, indicating a rise in bond issuance scale during the reporting period[133]. - The company reported a total interest-bearing debt repayment of 79,840.00 million with an interest of 14.85 million, achieving a repayment rate of 100.02%[154]. Compliance and Regulatory - The company revised 118 internal regulations and added 25 new ones during the reporting period, ensuring compliance with relevant policies[182]. - The company has built a compliance management organizational system with four levels, including a risk management committee and compliance officers, to oversee compliance across all operations[199]. - During the reporting period, the company actively responded to regulatory requirements, ensuring that all business operations remained compliant and manageable[200]. Technology and Innovation - The company established a financial technology subsidiary to enhance digital transformation and improve operational efficiency[93]. - The company developed a bond trading robot and launched a new core trading OTC system, creating a positive feedback loop of "data-intelligence-service"[93]. - The company is investing $50 million in research and development for new technologies aimed at enhancing user experience[47]. - The company is focused on improving customer service and operational efficiency through the establishment of new business departments[42]. Customer Engagement and Market Presence - User data showed a total of 5 million active users, up 20% compared to the previous year[47]. - Customer retention rates improved to 85%, reflecting a 5% increase from the previous year[47]. - The wealth management business saw a total customer count increase of 11% to 2.97 million, with total customer assets growing by 13% to 698.9 billion yuan[98]. - The company has implemented new marketing strategies that are expected to increase brand awareness by 30% in the next quarter[47].

Financial Performance - Total operating revenue for Q1 2025 reached ¥752,355,932, an increase of 19.15% compared to ¥631,429,731 in the same period last year[4] - Net profit attributable to shareholders was ¥249,558,114, representing a significant increase of 57.39% from ¥158,560,105 year-on-year[4] - The net profit after deducting non-recurring gains and losses was ¥249,044,275, up 61.73% from ¥153,983,020 in the previous year[4] - Basic and diluted earnings per share increased by 75.00% to ¥0.07 from ¥0.04 in the same period last year[6] - The total comprehensive income for the period was ¥222,372,001, compared to ¥158,080,869, an increase of 40.6%[27] Asset and Liability Changes - Total assets decreased by 8.74% to ¥73,614,888,920 from ¥80,661,344,114 at the end of the previous year[6] - Total liabilities decreased to ¥55,099,047,681 from ¥62,367,874,876, a reduction of 11.0%[21] - The company's cash and cash equivalents decreased to ¥22,921,637,186 from ¥25,401,187,834 compared to the previous period[20] - Financial investments decreased to ¥31,830,182,208 from ¥36,307,012,985 compared to the previous period[20] - The company’s deferred tax assets increased to ¥171,292,782 from ¥135,143,611, a rise of 26.7%[21] Cash Flow Analysis - Net cash flow from operating activities was negative at -¥1,902,421,372, a decline of 249.48% compared to ¥1,272,722,110 in the same period last year[6] - Cash flow from financing activities resulted in a net outflow of -801,853,866, compared to -823,487,329 in the previous period[31] - The net increase in cash and cash equivalents was -2,423,842,643, compared to an increase of 424,771,588 in the previous period[31] - Total cash inflow from investment activities was 288,368,673, compared to 130,456 in the previous period[31] - Cash outflow for investment activities was 7,272,959, down from 25,026,091 in the previous period[31] Investment and Income Sources - Investment income surged by 144.70% to ¥466,175,750 from ¥190,509,333 year-on-year, driven by increased gains from financial instruments[10] - The net income from brokerage business fees increased by 44.32% to ¥190,865,870, attributed to heightened market activity[10] - The net income from investment banking fees increased to ¥77,188,253, up from ¥48,809,282, marking a growth of 58.1%[25] - The net interest income turned positive at ¥15,071,710, compared to a negative ¥44,420,582 in the previous period[25] Shareholder Information - Total number of common shareholders at the end of the reporting period reached 119,071[14] - The largest shareholder, Shanxi Financial Investment Holding Group Co., Ltd., holds 31.77% of shares, totaling 1,140,374,242 shares[14] - The company has not reported any changes in the participation of major shareholders in margin financing and securities lending[15] Operational Changes - The company completed the issuance of subordinated bonds on March 21, 2025, as part of its financing strategy[16] - The company has restructured its branch network, including the renaming of 5 branches and relocating 2 branches[18][19] Miscellaneous - The company did not undergo an audit for the first quarter report[32] - The financial report for the first quarter is not applicable for the new accounting standards effective from 2025[32]

山西证券（002500）公告，2024年营业收入为31.52亿元，同比下降9.18%。归属于上市公司股东的净利 润为7.12亿元，同比增长14.86%。公司拟向全体股东每10股派发现金红利0.5元(含税)，不送红股，不以 公积金转增股本。此外，公司已在2024年12月派发2024年前三季度现金红利每10股0.5元(含税)。本报告 期合计拟派发现金红利每10股1元(含税)。 ...

山西证券（002500）公告，2025年第一季度营收为7.52亿元，同比增长19.15%；净利润为2.5亿元，同 比增长57.39%。 ...

智通财经APP获悉，山西证券发布研报称，2025年3月国内光伏新增装机20.2GW，同比大幅增长 124.4%，显示行业持续高景气。海外市场呈现结构性复苏，3月逆变器出口额同比+6.8%，其中非洲市 场增速达83%。该行重点推荐BC新技术方向、供给侧改善方向、海外布局方向。 山西证券主要观点如下： 国内光伏新增装机：3月新增装机同比持续增长 根据国家能源局数据，2025年3月国内光伏新增装机20.2GW，同比+124.4%，环比1-2月-48.7%。国内1- 3月累积新增光伏装机59.7GW，同比+30.5%。 组件出口：根据海关总署数据，3月组件出口额176.6亿元，同比-22.7%，环比+47.7% 1-3月累计出口额460.8亿元，同比-28.5%。根据Infolink，2025年1月国内光伏组件出口量22.26GW，同 比+2%，环比+34%。2025年2月国内光伏组件出口量16.26GW，同比-23%，环比-27%。2025年1-2月全 球前五大单一出口市场依序为印度、荷兰、巴基斯坦、巴西和葡萄牙，合计出口量约占全球市场50%。 2025年1-2月国内组件累计出口38.52GW，同比-11%。 逆变 ...