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。 为进一步优化营业网点布局，山西证券股份有限公司（以下简称 "公司"）决定撤销哈尔滨果戈里大街证券营业部。公司将按照《中 华人民共和国证券法》《证券公司分支机构监管规定》和《关于取消 或调整证券公司部分行政审批项目等事项的公告》（证监会公告 [2020]18 号）等相关规定要求，妥善处理分支机构客户资产，结清 分支机构业务并终止经营活动，办理工商注销等相关手续，并向证券 营业部所在地中国证券监督管理委员会派出机构备案。 特此公告 证券代码：002500 证券简称：山西证券 公告编号：临2025-002 山西证券股份有限公司 关于撤销哈尔滨果戈里大街证券营业部的公告 山西证券股份有限公司董事会 2025 年 3 月 22 日 ...

证券代码：002500 证券简称：山西证券 公告编号：临2025-001 债券代码：149842.SZ 债券简称：22山证C1 山西证券股份有限公司（以下简称"公司""本公司"）2022 年 面向专业投资者公开发行次级债券（第一期）经中国证券监督管理委 员会"证监许可〔2020〕1924 号"文注册公开发行。本期债券将于 2025 年 3 月 21 日支付 2024 年 3 月 21 日至 2025 年 3 月 20 日期间的 利息及本期债券的本金。根据《山西证券股份有限公司 2022 年面向 专业投资者公开发行次级债券（第一期）募集说明书》《山西证券股 份有限公司 2022 年面向专业投资者公开发行次级债券（第一期）在 深圳证券交易所上市的公告》有关条款的规定，现将本次兑付兑息有 1 关事项公布如下： 一、本期债券的基本情况 山西证券股份有限公司 2022 年面向专业投资者公开发行次级债券（第一期） 2025 年兑付兑息暨摘牌公告 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。 特别提示 山西证券股份有限公司 2022 年面向专业投资者公开发行次级债 券（第 ...

Core Viewpoint - The announcement details the collaboration between Invesco Great Wall Fund Management Co., Ltd. and Shanxi Securities Co., Ltd. for the sale of certain funds starting from February 24, 2025, to better meet investors' financial needs [1] Group 1: Fund Sales and Operations - Starting from February 24, 2025, Shanxi Securities will be authorized to sell specific funds managed by Invesco Great Wall [1] - The announcement specifies that the ability to conduct regular investment, conversion, and fee rate discounts for the funds will depend on the arrangements and regulations set by Shanxi Securities [1][2] - Investors can apply for regular investment plans through Shanxi Securities, which will automatically deduct funds from their designated accounts on agreed dates [2][3] Group 2: Fund Conversion and Fee Discounts - If Shanxi Securities opens conversion services for the funds, investors must ensure that the funds are in a redeemable state and follow the regulations set by the sales institution [3] - Investors may benefit from fee discounts for one-time purchases or regular investment plans if offered by Shanxi Securities, with specific rules determined by the sales institution [3] Group 3: Investor Consultation and Contact Information - Investors can consult Invesco Great Wall Fund Management Co., Ltd. or Shanxi Securities for more details regarding the funds and services [4]

Group 1 - The core viewpoint is that the recovery of international travel and the growth of the hotel industry are expected to continue, driven by increased flight schedules and a favorable market environment [1] Group 2 - Inbound tourism is anticipated to recover steadily due to the implementation of visa-free policies in 2025, with airlines increasing international flight frequencies and significantly lowering ticket prices, thus boosting consumer travel enthusiasm [1] - The hotel industry is experiencing growth in mid-range hotels, with lower-tier markets becoming the main area for expansion, as demand for accommodations in these regions rises due to various travel trends [1] - The hotel sector has a significant opportunity for improvement in terms of chain rate and product structure, particularly in lower-tier cities where the market is characterized by strong supply and demand [1] Group 3 - Companies to watch include Jinjiang Hotels, Huangshan Tourism, and Zhongxin Tourism, which are positioned to benefit from these trends in the travel and hospitality sectors [2]

Core Viewpoint - The issuance of the first national-level systematic planning document for the data labeling industry is expected to drive rapid development and significantly improve the quality of data supply, addressing the shortage of high-quality data that constrains the domestic artificial intelligence industry [1] Industry Summary - The joint issuance of the implementation opinions by four departments on January 13 indicates a strong governmental push towards the high-quality development of the data labeling industry [1] - The data labeling industry is anticipated to experience accelerated growth due to this new policy framework [1] Company Summary - Companies with technological advantages and practical experience in the data labeling field, such as Haitai Ruisheng and iFlytek, are highlighted as key players to watch [1] - Server manufacturers that provide computational resources for executing data labeling tasks, including Inspur Information and Zhongke Shuguang, are also noted as important entities in this emerging market [1]

Core Insights - Domestic AI chips are expected to accelerate localization due to policy support and strong demand in the computing power market [1] - Multiple AI applications based on Doubao AI model are continuously being launched, indicating a growing market for AI applications [1] - By 2025, both domestic and international demand for computing power is anticipated to remain strong, with AI expected to transition from cloud to edge computing [1] Industry Outlook - The semiconductor industry is projected to accelerate domestic replacement, driven by the demand for high-performance chips and advanced packaging technologies [1] - Long-term focus is recommended on domestic replacement in equipment, materials, and components, as well as opportunities arising from the AI-driven hardware upgrade wave [1] - The emergence of AI edge applications is expected to create significant opportunities for device upgrades and market expansion [1]

Economic Overview - In 2024, China's economy is expected to operate steadily, with a notable recovery driven by a package of incremental policy measures implemented by the end of September [1] - The focus on high-quality economic development is advancing, particularly in the context of new productive forces [1] Artificial Intelligence Industry - The competitiveness of the artificial intelligence industry ranks among the top globally, transitioning from quantity to quality [1] - As of November 17, 2024, the number of domestic large models registered reached 252, an increase of 190 compared to the end of last year [1] - Future developments in AI will include the adoption of liquid cooling technology under the "dual carbon" guidelines, expanding from kilowatt clusters to megawatt clusters, and creating super-large-scale intelligent computing centers [1] Telecommunications Sector - The telecommunications industry is experiencing a new round of upgrades and demand release in 2024, contributing significantly to high-quality economic development [1] - The sector is actively involved in major projects such as urban sewage pipeline renovations and ecological safety protection, providing information solutions and reliable network support [2] - The focus on large-scale equipment updates and consumer product replacements is generating new opportunities for telecommunications companies and enhancing consumer access to green energy products [2] Automotive Industry - Overall, China's automotive sales are projected to grow steadily, with a year-on-year increase of 3.7% from January to November 2024 [2] - Key drivers include the effects of vehicle scrappage and replacement policies, with nearly 2.7 million vehicles scrapped and over 3.1 million replaced, supporting market stability [2] - Automotive exports are maintaining rapid growth, with sales reaching 5.345 million units from January to November 2024, a 21.2% increase year-on-year [2] - The penetration rate of new energy vehicles has surpassed 50% for the first time in July 2024 [2] Smart Connected Vehicles - Smart connected vehicles are positioned as a critical component of the new technological revolution and industrial transformation, with expected rapid development supported by national policies [3] Future Outlook - For 2025, macro policies are anticipated to be proactive and systematic, with a primary focus on expanding overall demand and effectively managing risks in key areas [3] - High-quality development will continue to be a priority alongside growth stabilization [3]

证券代码：002500 证券简称：山西证券 公告编号：临2024-042 山西证券股份有限公司（以下简称"本公司""公司"）第四届 监事会任期已届满。为了顺利完成监事会的换届选举（以下简称"本 次换届选举"），公司监事会根据《公司法》《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》《公司章程》等 有关规定，将第五届监事会的组成、选举方式、监事候选人的提名、 本次换届选举的程序、监事候选人任职资格等事项公告如下： 一、第五届监事会的组成 根据现行《公司章程》规定，公司第五届监事会应由12名监事组 成，其中股东代表担任的监事（以下简称"股东监事"）8名，职工 代表担任的监事（以下简称"职工监事"）4名。 第五届监事会监事的任期自股东大会选举通过之日起计算，任期 3年，任期届满，可连选连任。 二、选举方式 根据《公司章程》规定，本次股东监事选举采用累积投票制，即 股东大会选举股东监事时，每一股份拥有与拟选股东监事人数相同的 表决权，股东拥有的表决权可以集中使用，也可以分开使用。 职工监事由职工代表大会或其他方式民主选举产生。 山西证券股份有限公司 关于公司监事会换届选举的提示性公告 本公司及监事 ...

证券代码：002500 证券简称：山西证券 公告编号：临2024-041 山西证券股份有限公司（以下简称"本公司""公司"）第四届董 事会任期已届满。为了顺利完成董事会的换届选举（以下简称"本次 换届选举"），公司董事会根据《公司法》《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》《公司章程》等有关 规定，将第五届董事会的组成、选举方式、董事候选人的提名、本次 换届选举的程序、董事候选人任职资格等事项公告如下： 一、第五届董事会的组成 根据现行《公司章程》规定，公司第五届董事会应由12名董事组 成，其中独立董事4名，职工董事1名，独立董事至少包括1名会计专 业人士，兼任公司高级管理人员以及由职工代表担任的董事人数总计 不得超过公司董事总数的二分之一。 第五届董事会董事的任期自股东大会选举通过之日起计算，任期 3年，任期届满，可连选连任，如独立董事连任，其连任时间不得超 过6年。 山西证券股份有限公司 关于公司董事会换届选举的提示性公告 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。 根据《公司章程》规定，本次董事（不包括职工董事）选举采用 ...

山西证券股份有限公司 证券代码：002500 证券简称：山西证券 公告编号：临2024-040 2024年前三季度权益分派实施公告 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。 山西证券股份有限公司（以下简称"公司""本公司"）2024 年 前三季度权益分派方案已经 2024 年 11 月 18 日召开的 2024 年第一次 临时股东大会审议通过，现将权益分派事宜公告如下： 一、股东大会审议通过权益分派方案等情况 1.公司 2024 年第一次临时股东大会审议通过的利润分配方案具 体内容为：以 2024 年 9 月 30 日总股本 3,589,771,547 股为基数，向 全体股东每 10 股派发现金红利 0.5 元（含税），共派发现金红利 179,488,577.35 元（含税）,不送红股，不以公积金转增股本。 2.自公司 2024 年前三季度利润分配方案披露至实施期间，公司 股本总额未发生变化；若公司股本总额在本次权益分派实施前发生变 化，将按照现金分红总额固定不变原则，以分红派息股权登记日的股 本总额为基数相应调整每股分配比例。 3.本次实施的分配方案与 ...