证券代码：002500 证券简称：山西证券 公告编号：临2025-033 山西证券股份有限公司 关于向子公司山证国际金融控股有限公司增资的公告 一、增资事项概述 （一）增资事项基本情况 为推动山西证券股份有限公司（以下简称"公司""本公司""山 西证券"）跨境一体化发展，充实香港子公司山证国际金融控股有限 公司（以下简称"山证国际"）资本实力，降低融资成本，增强国际 化经营能力，公司拟对山证国际增资 10 亿港元。同时，授权公司经 营管理层决定和办理与本次增资事项有关的一切事宜，包括但不限于 在增资额度内决定投入的时期和金额、办理出资有关事宜等。 （二）董事会审议情况 1. 2025 年 10 月 28 日，公司第四届董事会战略与 ESG 委员会第 十六次会议审议通过《关于向子公司山证国际金融控股有限公司增资 的议案》，并同意将本议案提交董事会审议。 2.2025 年 10 月 28 日，公司第四届董事会第二十七次会议审议通 过了《关于向子公司山证国际金融控股有限公司增资的议案》，表决 结果为：11 票同意，0 票弃权，0 票反对。 根据《深圳证券交易所股票上市规则》及《公司章程》等的相关 规定，本次增资事项 ...

证券代码：002500 证券简称：山西证券 公告编号：临2025-031 山西证券股份有限公司 关于第四届监事会第十九次会议决议的公告 本公司及监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。 监事会认为：1、公司 2025 年第三季度报告编制和审议程序符合 相关法律法规和《公司章程》的规定；2、公司 2025 年第三季度报告 的内容和格式符合中国证监会、深圳证券交易所的各项规定，所包含 的信息真实、准确、完整地反映了公司 2025 年第三季度经营管理和 1 一、监事会会议召开情况 山西证券股份有限公司（以下简称"公司""本公司"）于 2025 年10月20日以电子邮件结合电话提示的方式发出了召开第四届监事 会第十九次会议的通知及议案等资料。2025 年 10 月 28 日，本次会 议在山西省太原市杏花岭区府西街 69 号山西国际贸易中心 A 座 27 层 会议室以现场结合视频电话会议的形式召开。 会议由监事会主席焦杨先生主持，应出席监事 12 名，12 名监事 全部出席（其中现场出席的有焦杨监事会主席、刘文康职工监事、司 海红职工监事；视频参会的有郭志宏监事、李国林监 ...

证券代码：002500 证券简称：山西证券 公告编号：临2025-030 山西证券股份有限公司 关于第四届董事会第二十七次会议决议的公告 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。 一、董事会会议召开情况 山西证券股份有限公司（以下简称"公司""本公司"）于 2025 年10月20日以电子邮件结合电话提示的方式发出了召开第四届董事 会第二十七次会议的通知及议案等资料。2025 年 10 月 28 日，本次 会议在山西省太原市杏花岭区府西街 69 号山西国际贸易中心 A 座 27 层会议室以现场结合视频电话会议的形式召开。 会议由董事长侯巍先生主持，应出席董事 11 名，11 名董事全部出 席（其中现场出席的有侯巍董事长、王怡里副董事长、刘鹏飞董事;李小 萍董事、周金晓董事、夏贵所董事、邢会强独立董事、李海涛独立董事、 朱祁独立董事、郭洁独立董事、乔俊峰职工董事视频参会），公司部分 监事和高级管理人员列席本次会议。 会议召开及表决程序符合法律、行政法规、部门规章、规范性文件 和《公司章程》的有关规定，会议合法有效。 二、董事会会议审议情况 本次会议审议并通过 ...

Group 1 - Shanxi Securities held its 27th meeting of the fourth board on October 28, 2025, discussing the proposal for capital increase to its subsidiary Shanxi International Financial Holdings [1] - For the first half of 2025, the revenue composition of Shanxi Securities was as follows: 39.46% from securities brokerage, 27.59% from fixed income, 11.56% from securities investment, 7.99% from asset management, 5.6% from investment banking, and 5.21% from futures brokerage [1] - As of the report date, the market capitalization of Shanxi Securities was 24.3 billion yuan [1] Group 2 - The A-share market has surpassed 4000 points, marking a significant resurgence after a decade of stagnation, with technology leading the market and a new "slow bull" pattern emerging [1]

Group 1 - Shanxi Securities reported a revenue of approximately 2.459 billion yuan for the first three quarters of 2025, representing a year-on-year increase of 13.53% [1] - The net profit attributable to shareholders of the listed company was approximately 732 million yuan, showing a year-on-year increase of 37.34% [1] - Basic earnings per share reached 0.2 yuan, reflecting a year-on-year increase of 33.33% [1] Group 2 - As of the report date, the market capitalization of Shanxi Securities is 24.3 billion yuan [2]

Core Insights - Shanxi Securities reported a total operating revenue of 2.459 billion yuan for the first three quarters of 2025, representing a year-on-year increase of 13.53% [1] - The net profit attributable to shareholders of the listed company was 731.85 million yuan, showing a significant year-on-year growth of 37.34% [1] - The net profit after deducting non-recurring gains and losses was 703.13 million yuan, reflecting a year-on-year increase of 34.81% [1] Financial Performance - Total operating revenue for the reporting period was 818.23 million yuan, which is an increase of 6.77% compared to the same period last year [1] - The net profit attributable to shareholders for the reporting period was 207.76 million yuan, indicating a decrease of 3.01% year-on-year [1] - The net profit after deducting non-recurring gains and losses for the reporting period was 208.76 million yuan, showing a slight increase of 0.81% compared to the previous year [1]

Core Viewpoint - Shanxi Securities (002500.SZ) plans to increase the capital of its wholly-owned subsidiary, Shanxi International, by HKD 1 billion to enhance its cross-border integration and international operational capabilities [1] Group 1: Company Actions - The capital increase will raise the registered capital of Shanxi International to HKD 2 billion while maintaining the company's shareholding ratio [1] - The capital increase is subject to approval from relevant regulatory authorities or the completion of necessary filing procedures before implementation [1]

Group 1 - The core point of the article is that Shanxi Securities reported a revenue of 818 million yuan for the third quarter, representing a year-on-year increase of 6.77% [1] - The net profit for the third quarter was 208 million yuan, showing a decline of 3.01% compared to the previous year [1] - For the first three quarters, the total revenue reached 2.459 billion yuan, which is a year-on-year growth of 13.53% [1] - The net profit for the first three quarters was 732 million yuan, reflecting a significant year-on-year increase of 37.34% [1]

Financial Performance - Total operating revenue for Q3 2025 reached ¥818,233,751, an increase of 6.77% year-on-year[4] - Net profit attributable to shareholders decreased by 3.01% to ¥207,760,665 in Q3 2025, while year-to-date net profit increased by 37.34% to ¥731,849,702[4] - Basic and diluted earnings per share remained stable at ¥0.06 for Q3 2025, with a year-to-date increase of 33.33% to ¥0.20[6] - The company's net profit for the third quarter of 2025 was 706.34 million yuan, up from 512.76 million yuan in the same period last year, representing a year-on-year growth of approximately 37.8%[31] - Operating revenue for the third quarter of 2025 was 2.46 billion yuan, compared to 2.17 billion yuan in the previous year, reflecting a growth of about 13.5%[29] - The net income from commission and fees was 1.12 billion yuan, an increase from 911.07 million yuan year-on-year, with brokerage fees contributing 631.01 million yuan[29] - Basic earnings per share increased to 0.20 from 0.15, representing a 33.33% growth year-over-year[33] Cash Flow and Liquidity - Net cash flow from operating activities decreased significantly by 60.07% to ¥3,118,574,202 year-to-date[6] - The company experienced a 60.07% decline in net cash flow from operating activities, attributed to a decrease in trading financial liabilities[12] - The company’s cash flow from operating activities was significantly impacted, with cash inflows totaling 9,956,349,435 CNY, down from 15,711,972,766 CNY in the previous period[34] - Total cash inflow from financing activities was 6,316,956,756 CNY, compared to 4,559,681,522 CNY in the previous period, an increase of 38.5%[35] - The net cash flow from investing activities was -49,312,372 CNY, a decline from 86,676,542 CNY in the previous period[35] - The ending cash balance increased to 31,890,148,521 CNY from 30,544,812,170 CNY, reflecting a growth of 4.4%[35] - The company reported a net decrease in cash flow from financing activities of -51,713,111 CNY, compared to -1,265,057,451 CNY in the previous period, indicating an improvement[35] - Cash inflow from interest, fees, and commissions was 2,689,403,678 CNY, slightly up from 2,652,807,613 CNY in the previous period[34] - The company experienced a net decrease in funds lent of 868,940,944 CNY, contrasting with a net decrease of 995,743,297 CNY in the previous period[34] Assets and Equity - Total assets as of September 30, 2025, amounted to ¥81,521,996,315, reflecting a 1.07% increase from the end of the previous year[6] - The company's equity attributable to shareholders increased by 1.88% to ¥18,307,694,178 compared to the end of the previous year[6] - The total net assets at the end of the reporting period were ¥17,985,891,854, reflecting a 2.53% increase from the previous year[14] - Core net capital at the end of the reporting period reached ¥10,422,669,241, an increase of 5.04% compared to the previous year[14] - Total net capital increased by 10.71% to ¥12,922,669,241 from ¥11,672,804,649[14] - The total liabilities as of September 30, 2025, were 62.92 billion yuan, slightly up from 62.37 billion yuan at the end of 2024[27] Market and Investment - Net income from brokerage fees for the first nine months of 2025 rose by 51.34% to ¥631,011,003, driven by favorable market conditions[11] - The company reported a 76.78% decrease in fair value gains and losses to ¥20,757,138 due to market fluctuations[11] - Government subsidies recognized increased by 148.74% to ¥45,476,573 year-to-date, positively impacting financial performance[11] - The company’s investment income for the third quarter was 1.17 billion yuan, compared to 1.07 billion yuan in the previous year, indicating a growth of approximately 10.1%[29] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 108,579[16] - The largest shareholder, Shanxi Financial Investment Holding Group Co., Ltd., holds 31.77% of shares, totaling 1,140,374,242 shares[16] Debt and Financing - The company completed the issuance of a 3-year bond with a scale of ¥1 billion and a coupon rate of 1.83% on July 21, 2025[19] - The company issued a 3-year bond with a total scale of 1 billion yuan at a coupon rate of 2.30% on September 17, 2025[21] - The company completed the issuance of a second tranche of subordinated bonds amounting to 1.5 billion yuan with a coupon rate of 2.43% on September 26, 2025[21] - The company successfully completed multiple bond interest payments and redemptions as scheduled in 2025[18] Operational Changes - The company decided to close one securities branch office during the reporting period to optimize its network layout[21] Audit Information - The company did not undergo an audit for the third quarter financial report[36]

Core Viewpoint - The A-share market is experiencing a significant rally, particularly in the brokerage sector, with major stocks seeing substantial gains and the Shanghai Composite Index surpassing the 4000-point mark [1] Group 1: Brokerage Stocks Performance - Brokerage stocks collectively surged, with Huazhong Securities hitting the daily limit up and Northeast Securities also reaching the limit up [1] - Northeast Securities rose by 9.7%, while Changjiang Securities and GF Securities increased by over 4% [1] - Other brokerage firms such as Dongfang Securities, Dongxing Securities, and Huaxi Securities saw gains exceeding 3%, and several others rose by over 2% [1] Group 2: Market Indices - As of 13:38, the Shanghai Composite Index successfully crossed the 4000-point threshold, rising by 0.46% to 4006.51 points [1] - The ChiNext Index also experienced an increase of over 2% [1]