Group 1: Investor Relations Activities - The investor relations activity was a targeted research meeting with specific institutions [1] - Participants included representatives from various financial institutions such as Kaiyuan Securities and Invesco Great Wall [1] - The meeting took place on November 13, 2024, from 9:30 to 10:30 at Guoxin Financial Building [1] Group 2: Wealth Management Business - The company’s wealth management business acquires clients through online platforms, offline outlets, and banks, with online channels increasingly contributing to new client acquisition [2] - The public fund investment advisory service "Guoxin Xinzhi Investment" was launched in November 2021, focusing on client needs and providing tailored asset allocation solutions [2] - The company emphasizes a personalized investment advisory service, aiming to enhance investor experience and achieve a win-win for investors and the company [2] Group 3: Asset Management Growth - The rapid growth of the asset management business is attributed to a focus on active management and high-quality research, leading to strong investment performance [3] - The company has established a comprehensive product system covering mainstream market strategies, including traditional fixed income and equity strategies, as well as new strategies like derivatives [3] - Collaboration with major banks and internet platforms has been established to expand sales channels and enhance customer experience [3] Group 4: Future Strategies - The asset management subsidiary will continue to focus on long-term strategies and research-driven development, aiming to launch more competitive strategies [4] - The company plans to enhance product innovation by considering various client needs regarding investment duration and risk preferences [4] - The self-operated investment strategy involves diversified asset allocation to mitigate volatility and market risks [4] Group 5: Acquisition of Wanhe Securities - The acquisition of Wanhe Securities is expected to create synergies due to its extensive branch network, particularly in the Greater Bay Area and Yangtze River Delta [5] - Wanhe Securities, based in Hainan, benefits from policy advantages associated with the Hainan Free Trade Port, providing a strategic edge in cross-border asset management [5] - The long-term outlook suggests that Wanhe Securities will leverage its local presence along with Guoxin Securities' brand and management strengths [5]

证券代码：002736 证券简称：国信证券 公告编号：2024-087 国信证券股份有限公司 关于发行股份购买资产暨关联交易的进展公告 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、本次交易概述 国信证券股份有限公司（以下简称"公司"）拟通过发行 A 股股份的方式购 买深圳市资本运营集团有限公司、深圳市鲲鹏股权投资有限公司、深业集团有 限公司、深圳市创新投资集团有限公司、深圳远致富海十号投资企业（有限合 伙）、成都交子金融控股集团有限公司、海口市金融控股集团有限公司合计持有 的万和证券股份有限公司 96.08%股份（以下简称"本次交易"）。 二、本次交易进展情况 自预案披露以来，公司、各中介机构及其他相关方正在积极推进本次交易 的相关工作。截至本公告披露日，本次交易所涉及的审计、评估及尽职调查等 工作尚未完成。在审计、评估及尽职调查等工作完成后，公司将再次召开董事 会审议本次交易相关的议案，并按照相关法律法规的规定履行后续有关程序及 信息披露义务。 三、相关风险提示 1 本次交易尚需公司董事会再次审议及公司股东大会审议通过，并经有关主 管部门的备案、批准 ...

Summary of Guosen Securities Conference Call Company Overview - **Company**: Guosen Securities - **Industry**: Securities and Investment Banking Key Financial Performance - **Revenue**: Achieved 202 billion CNY in revenue, a 16% increase year-over-year [2] - **Net Profit**: Reached 82 billion CNY, up 28% from the previous year [2] - **Return on Equity**: Weighted average ROE of 8.23%, an increase of 1.66 percentage points year-over-year [13] - **Total Assets**: Ended the year with total assets of 500.15 billion CNY, an 8.3% increase [13] - **Net Assets**: 118.7 billion CNY, a 7.5% increase [13] - **Earnings per Share**: 0.72 CNY, a 33.3% increase year-over-year [17] Business Segments and Performance - **Wealth Management**: Revenue of 88.1 billion CNY, an 18% increase, contributing 44% to total revenue [15] - **Investment and Trading**: Revenue of 90 billion CNY, a 69% increase, contributing 45% to total revenue [15] - **Investment Banking**: Revenue of 10.5 billion CNY, a 26% decrease due to a slowdown in IPOs, contributing 5% to total revenue [15] - **Asset Management**: Continued growth with a focus on traditional strategies and new products linked to gold and derivatives [10] Strategic Initiatives - **Digital Transformation**: Focus on enhancing customer experience through digitalization and the launch of a new core trading system [19] - **Green Finance**: Development of green financial products and services, including green bonds and funds [18] - **Cross-Border Services**: Approval for cross-border wealth management and swap convenience, enhancing business capabilities [4][24] Market Environment and Challenges - **Market Volatility**: The A-share market experienced fluctuations, with a focus on risk management and asset allocation strategies [23] - **Regulatory Environment**: Adapting to stricter regulations while maintaining compliance and risk control [4] Shareholder Returns - **Dividend Policy**: Proposed cash dividend of 3.5 CNY per 10 shares, maintaining a payout ratio above 40% for four consecutive years [4][17] - **Investor Relations**: Commitment to enhancing communication with investors and promoting the company's value [26][27] Future Outlook - **Growth Strategy**: Emphasis on high-quality development and alignment with national economic strategies [5][12] - **AI and Technology Integration**: Plans to leverage AI for improved financial services and operational efficiency [22] Additional Insights - **Focus on Customer Needs**: Commitment to providing tailored financial services and enhancing customer satisfaction [21] - **Support for Real Economy**: Continuous efforts to support the real economy through various financial services [18] This summary encapsulates the key points from the Guosen Securities conference call, highlighting the company's financial performance, strategic initiatives, market challenges, and future outlook.

Investment Rating - The report maintains a rating of "Buy" for Guosen Securities (002736.SZ) [1] Core Views - The company's revenue and profit have shown signs of recovery year-on-year, supported by self-operated income contributions [4] - The company is positioned to leverage opportunities in the Greater Bay Area and enhance its investment banking services through a "banking+" ecosystem [5] - The diversified income sources and steady performance of the company are highlighted, with a focus on innovative financial services and business models [5] Summary by Sections Financial Performance - For the first three quarters of 2024, Guosen Securities achieved a revenue of 12.27 billion yuan, a year-on-year decrease of 1.38%, while the net profit attributable to shareholders was 4.88 billion yuan, a slight increase of 0.1% [3] - The weighted average ROE for the first three quarters was 4.74%, down 0.26 percentage points from the previous year [3] Revenue Breakdown - The revenue contributions from self-operated, brokerage, investment banking, asset management, and credit businesses were 48.8%, 24.8%, 5.3%, 5.2%, and 6.6% respectively, with significant changes compared to the previous year [4] - The investment banking business saw a net income decrease of 41% year-on-year, while the asset management business experienced a recovery with an 81.6% increase in net income [5] Future Outlook - The company forecasts net profits for 2024-2026 to be 6.518 billion, 6.814 billion, and 7.206 billion yuan respectively, with corresponding EPS of 0.68, 0.71, and 0.75 yuan [5] - The current stock price corresponds to PE ratios of 16.97, 16.24, and 15.35 for the years 2024, 2025, and 2026 respectively [5]

证券代码：002736 证券简称：国信证券 公告编号：2024-085 国信证券股份有限公司 第五届董事会第三十三次会议（临时）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。 国信证券股份有限公司（以下简称"公司"）于2024年10月24日发出第五届 董事会第三十三次会议（临时）（以下简称"本次会议"）书面通知。本次会议于 2024年10月29日以现场和电话结合方式召开。本次会议应出席董事9名，实际出 席董事9名，姚飞董事、刘小腊董事、李石山董事、张雁南董事、张蕊董事、李 进一董事、朱英姿董事以电话方式出席，其余2位董事以现场方式出席。全体监 事及部分高级管理人员列席了会议。张纳沙董事长主持会议。本次会议的召开符 合《公司法》等相关法律法规和《公司章程》的规定。 本议案已经公司第五届董事会风险管理委员会 2024 年第四次会议审议通 过。 三、审议通过《2024 年第三季度流动性风险管理报告》 出席会议的董事审议了会议通知所列明的议案，并通过决议如下： 一、审议通过《2024 年第三季度报告》 议案表决情况：九票赞成、零票反对、零票弃权。 本议案已经 ...

Financial Performance - Total operating revenue for Q3 2024 reached CNY 451,349.83 million, an increase of 6.58% year-on-year[2] - Net profit attributable to shareholders was CNY 174,000.30 million, up 35.50% compared to the same period last year[2] - Basic earnings per share increased by 50.00% to CNY 0.15 per share[2] - Total operating revenue for the current period is ¥12,270,995,243.70, a decrease of 1.38% from ¥12,442,550,991.70 in the previous period[21] - Net profit for the current period is ¥4,878,734,171.69, compared to ¥4,873,664,232.04 in the previous period, showing a marginal increase[22] - Total comprehensive income for the current period is ¥7,715,193,960.03, up from ¥6,141,270,288.76, indicating a growth of approximately 25.6%[22] Assets and Liabilities - Total assets as of September 30, 2024, amounted to CNY 48,412,945.96 million, reflecting a growth of 4.57% from the end of the previous year[2] - The total liabilities of the company as of September 30, 2024, were ¥369.82 billion, compared to ¥352.50 billion at the end of 2023, marking an increase of approximately 4.9%[20] - The company’s total equity attributable to shareholders increased by 3.49% to CNY 11,431,224.70 million[2] - The company's equity attributable to shareholders reached ¥114.31 billion, an increase from ¥110.46 billion, showing a growth of about 3.4%[20] Cash Flow - Cash flow from operating activities for the year-to-date reached CNY 5,620,623.76 million, a significant improvement compared to the previous year[6] - Cash flow from operating activities generated a net amount of ¥56,206,237,613.74, a significant recovery from a negative cash flow of ¥19,362,581,660.22 in the previous period[24] - Cash received from interest, fees, and commissions totaled ¥10,595,139,724.52, down from ¥11,171,681,266.58, indicating a decline in revenue from these sources[24] - Total cash inflow from financing activities for Q3 2024 was approximately ¥68.32 billion, compared to ¥52.00 billion in the previous period[25] - Net cash flow from financing activities was negative at approximately -¥18.90 billion, contrasting with a positive net cash flow of ¥12.10 billion in the prior period[25] Investments and Financial Assets - The company reported a 59.54% increase in cash and cash equivalents, totaling CNY 9,876,173.89 million[6] - The company’s derivative financial assets rose by 56.84% to CNY 89,165.38 million[6] - The company’s financial investments decreased from ¥296.03 billion to ¥287.55 billion, a decline of about 2.5%[19] - The company issued corporate bonds totaling ¥38 billion with a coupon rate of 2.15% during the reporting period[17] - The company’s short-term financing notes issued during the period totaled ¥80 billion, with varying coupon rates between 1.80% and 1.99%[17] Shareholder Information - The number of common shareholders reached 104,852 at the end of the reporting period[9] - Major shareholder Shenzhen Investment Holdings Co., Ltd. holds 33.53% of the shares[9] Regulatory and Corporate Actions - The company plans to acquire 96.08% of Wanhe Securities through the issuance of A-shares[12] - The establishment of the asset management subsidiary was approved by the China Securities Regulatory Commission[13] Risk and Coverage Ratios - Risk coverage ratio improved by 46.52 percentage points to 337.23%, well above the regulatory standard of 120%[8] - The liquidity coverage ratio decreased by 31.29 percentage points to 236.63%[8] - Net stable funding ratio increased by 18.79 percentage points to 152.30%[8] Other Financial Metrics - The weighted average return on equity was 1.70%, an increase of 0.46 percentage points from the previous year[2] - Core net capital increased by 5.95% to CNY 5,801,877.58 million compared to the end of 2023[8] - Net capital rose by 5.95% to CNY 8,702,816.37 million from the previous year-end[8] - Total assets decreased by 5.39% to CNY 38,243,462.56 million compared to the end of 2023[8] - The company has 239 securities business outlets across 117 cities in China, reflecting its extensive market presence[15] Accounting and Reporting - The company has not yet implemented the new accounting standards for the current fiscal year[25] - The third quarter report for the company remains unaudited[26]

证券代码：002736 证券简称：国信证券 公告编号：2024-086 国信证券股份有限公司 第五届监事会第十九次会议（临时）决议公告 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。 国信证券股份有限公司（以下简称"公司"）于2024年10月24日以电子邮件 的方式发出第五届监事会第十九次会议（临时）通知。会议于2024年10月29日 在公司以现场和电话结合方式召开，应出席监事3名，实际出席监事3名，其中许 禄德监事以电话方式出席，其余2位监事以现场方式出席。公司部分高级管理人 员列席了会议。监事会召集人洪伟南主持本次会议。本次会议的召开符合《公司 法》等相关法律法规和《公司章程》的规定。监事会审议了会议通知所列明的议 案，并通过决议如下： 一、审议通过《2024 年第三季度报告》，并就公司 2024 年第三季度报告出 具以下专项审核意见： 经审核，全体监事认为，公司董事会编制和审议公司 2024 年第三季度报告 的程序符合法律、行政法规和中国证监会的规定，报告内容真实、准确、完整地 反映了公司的实际情况，不存在任何虚假记载、误导性陈述或者重大遗漏。 议案表决 ...

Core Insights - The new generation core trading system of Guosen Securities was successfully launched on October 21, 2024, marking a significant advancement in the digital finance sector [1][2] - The system achieved a trading latency of less than 500 microseconds, entering the microsecond era and providing a smoother and more efficient trading experience for clients [1][2] System Features - The system was developed over eight months and represents a leading distributed low-latency core trading system in the securities industry, showcasing Guosen Securities' technological innovation and deep expertise in securities technology [1] - It supports 24/7 trading capabilities across all markets, businesses, and product types, significantly enhancing customer experience and business management [1][2] - The architecture of the system overcomes previous bottlenecks in business processing capacity, response speed, and concurrent processing, with a hundredfold increase in concurrent processing capability [1][2] Security and Operations - The system includes innovative core component guardian instances to address industry challenges related to memory trading systems, adding an extra layer of security for trading operations [2] - It features a one-stop operation and maintenance management system that supports continuous integration and continuous deployment (CICD), enabling one-click upgrades and automated monitoring [2] Future Outlook - The successful launch of the new core trading system signifies a leap forward for Guosen Securities in the digital finance field, moving towards the goal of becoming a "domestically leading and internationally first-class" digital finance entity [2] - The company plans to deepen collaboration with partners, leveraging strengths to explore new opportunities in digital finance and aims to set the industry benchmark with the new system [2]

证券代码：002736 证券简称：国信证券 编号：2024-083 国信证券股份有限公司 2024年10月18日，国信证券股份有限公司（以下简称"公司"）收到中国证 券监督管理委员会（以下简称"中国证监会"）《关于国信证券股份有限公司参与 互换便利有关事项的复函》（机构司函[2024]1877号）（以下简称"复函"）。根据 该复函，中国证监会证券基金机构监管司对公司参与互换便利（SFISF）无异议。 公司将根据《关于做好证券、基金、保险公司互换便利相关工作的通知》等 业务安排及上述复函的要求，结合自身发展战略和风险承受能力，合理确定申请 额度，经中国人民银行同意后实施。 特此公告。 国信证券股份有限公司董事会 2024 年 10 月 19 日 关于参与互换便利有关事项获得中国证监会复函的公告 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。 ...

证券代码：002736 证券简称：国信证券 公告编号：2024-079 国信证券股份有限公司 关于发行股份购买资产暨关联交易的进展公告 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、本次交易概述 国信证券股份有限公司（以下简称"公司"）拟通过发行 A 股股份的方式购 买深圳市资本运营集团有限公司、深圳市鲲鹏股权投资有限公司、深业集团有限 公司、深圳市创新投资集团有限公司、深圳远致富海十号投资企业（有限合伙）、 成都交子金融控股集团有限公司、海口市金融控股集团有限公司合计持有的万和 证券股份有限公司 96.08%股份（以下简称"本次交易"）。 二、本次交易进展情况 2024 年 9 月 4 日，公司第五届董事会第三十一次会议（临时）审议通过了 《关于发行股份购买资产暨关联交易方案的议案》等与本次交易相关的议案。具 体内容详见公司于 2024 年9月5 日在深圳证券交易所网站（http://www.szse.cn） 披露的《发行股份购买资产暨关联交易预案》等相关公告。 自预案披露以来，公司、各中介机构及其他相关方正在积极推进本次交易的 相关工作。截至本公告披 ...