国信证券股份有限公司 GUOSEN SECURITIES CO.,LTD. 住所:深圳市罗湖区红岭中路 1012 号国信证券大厦十六层至二十六层 国信证券股份有限公司 2025 年面向专业投资者公开发行公司债券 (第三期)募集说明书 200 亿元 牵头主席销商/酒 号 101 住所:北京市丰台区西 联席十世 销商 酒行落 股份有限公司 住所:上海市广东路 689 号 住所:深圳市福田区福田街道福华一路 119 号安信金融大厦 申万宏源证券有限公司 GREAT WALL SECURITIES CO., LTD 住所:广东省深圳市福田区福田街 道金田路 2026 号能源大厦南塔楼 10-19 层 住所:深圳市福田区福田街道益 田路 5023 号平安金融中心 B 座 第 22-25 层 住所:上海市徐汇区长乐路 989 号 45 层 签署日期:20以年 3 月 注册会额 国投证券股份有限公司 DIC SECURITIES C 四十十二 城证券股份有限公司 本期发行规模 不超过 60 亿元(含 60 亿元) 国信证券股份有限公司 发行人 中国银河证券股份有限公司、国投证券股份有限公司、海通证券 主承销商 股份有限公司 ...

2024 年 11 月 29 日，中国证券监督管理委员会以证监许可[2024]1722 号文 同意国信证券股份有限公司面向专业投资者公开发行公司债券的注册。 由于债券跨年及分期分品种发行，按照公司债券命名惯例，征得主管部门同 意，本期债券名称由"国信证券股份有限公司 2024 年面向专业投资者公开发行公 司债券"变更为"国信证券股份有限公司 2025 年面向专业投资者公开发行公司债 券（第三期）"，分 2 个品种发行。其中品种一债券全称为国信证券股份有限公 司 2025 年面向专业投资者公开发行公司债券（第三期）（品种一），债券简称"25 国证 04"；品种二债券全称为国信证券股份有限公司 2025 年面向专业投资者公 开发行公司债券（第三期）（品种二），债券简称"25 国证 05"。 本期债券名称更变不改变原签订的与本期公司债券发行相关的法律文件效 力，原签署的法律文件对更名后的公司债券继续具有法律效力。前述法律文件包 括但不限于：《国信证券股份有限公司 2024 年面向专业投资者公开发行公司债券 之受托管理协议》《国信证券股份有限公司 2024 年面向专业投资者公开发行公司 债券债券持有人会议规则》。 特 ...

国信证券股份有限公司 2025 年面向专业投资者公开发行公司 债券（第三期）信用评级报告 国信证券股份有限公司 2025 年面向专业投资者公开发行公司债券（第三期） 信用评级报告 声 明 跟踪评级安排 中诚信国际信用评级有限责任公司 2025 年 3 月 27 日 * [14] M. C. 本次评级为委托评级，中诚信国际及其评估人员与评级委托方、评级对象不存在任何其他影响本次评级行为独立、 客观、公正的关联关系。 本次评级依据评级对象提供或已经正式对外公布的信息，以及其他根据监管规定收集的信息，中诚信国际按照相关 性、及时性、可靠性的原则对评级信息进行审慎分析，但中诚信国际对于相关信息的合法性、真实性、完整性、准 确性不作任何保证。 中诚信国际及项目人员履行了尽职调查和诚信义务，有充分理由保证本次评级遵循了真实、客观、公正的原则。 评级报告的评级结论是中诚信国际依据合理的内部信用评级标准和方法、评级程序做出的独立判断，未受评级委托 方、评级对象和其他第三方的干预和影响。 本评级报告对评级对象信用状况的任何表述和判断仅作为相关决策参考之用，并不意味着中诚信国际实质性建议任 何使用人据此报告采取投资、借贷等交易行 ...

国信证券股份有限公司 2025 年面向专业投资者公开发行公司债券 （第三期） 发行公告 发行人 牵头主承销商、债券受托管理人 住所：北京市丰台区西营街 8 号院 1 号楼 7 至 18 层 101 联席主承销商 住所：上海市广东路 689 号 住所：深圳市福田区福田街道福华一路 119 号安信金融大厦 住所：广东省深圳市福田区福田街 住所：深圳市福田区福田街道益 住所：上海市徐汇区长乐路 道金田路 2026 号能源大厦南塔楼 田路 5023 号平安金融中心 B 座 989 号 45 层 10-19 层 第 22-25 层 1．国信证券股份有限公司（以下简称"发行人"或"公司"）已于 2024 年 11 月 29 日 获得中国证券监督管理委员会证监许可[2024]1722 号文，可向专业投资者公开发行面值 总额不超过 200 亿元的公司债券（以下简称"本次债券"）。 发行人本次债券采取分期发行的方式，"国信证券股份有限公司 2025 年面向专业投 资者公开发行公司债券（第三期）"（以下简称"本期债券"）为本次债券项下第三期， 发行规模为不超过人民币 60 亿元（含 60 亿元），分 2 个品种发行。其中品种一债 ...

Core Viewpoint - The announcement states that Guolianan Fund Management Co., Ltd. has confirmed the addition of Guosen Securities Co., Ltd. as an agent for subscription and redemption services for several of its exchange-traded funds (ETFs) starting from March 31, 2025 [1]. Group 1: Fund Details - Guosen Securities will act as an agent for the following ETFs: - Guolianan CSI All Share Securities Company ETF (Trading Code: 159848) - Guolianan CSI Consumer 50 ETF (Trading Code: 159670) - Guolianan ChiNext Technology ETF (Trading Code: 159777) - Guolianan SSE Sci-Tech Innovation Board 50 ETF (Trading Code: 588180) - Guolianan SSE Sci-Tech Innovation Board Chip Design Theme ETF (Trading Code: 588780) [1]. Group 2: Investor Information - Investors can contact Guosen Securities at 95536 or visit their website for more details [2]. - Guolianan Fund Management Co., Ltd. can be reached at 021-38784766 or 400-700-0365, with their website also available for inquiries [2]. Group 3: Future Announcements - Any future announcements regarding Guosen Securities acting as an agent for other funds will be made separately [2].

Core Viewpoint - In 2024, Horizon Robotics-W (09660) is projected to achieve total revenue of 2.38 billion yuan, representing a year-on-year growth of 53.6%, with a net profit of 2.35 billion yuan, and a narrowed adjusted operating loss of 1.495 billion yuan compared to 1.687 billion yuan in 2023 [1][2] Revenue and Profit Analysis - The company is expected to generate total revenue of 2.38 billion yuan in 2024, marking a 53.6% increase year-on-year [2] - The net profit for 2024 is projected at 2.35 billion yuan, a significant recovery from a net loss of 6.739 billion yuan in 2023, primarily due to a fair value change gain of 4.677 billion yuan from preferred shares and other financial liabilities [2] - Adjusted operating loss is forecasted at 1.495 billion yuan, an improvement from 1.687 billion yuan in 2023 [1][3] Business Segment Performance - Revenue from automotive solutions is expected to reach 2.312 billion yuan in 2024, reflecting a year-on-year increase of 57.2% [2] - Revenue from automotive product solutions is projected at 664 million yuan, up 31.2% year-on-year, driven by increased delivery volumes [2] - Revenue from licensing and service business is anticipated to be 1.658 billion yuan, a 70.9% increase, attributed to high demand for algorithms, software development tools, and technical services [2] Cost Efficiency and Profitability - The company's gross margin is expected to be 77.25% in 2024, an increase of 6.7 percentage points year-on-year, driven by a higher proportion of high-margin licensing and service revenue [3] - Gross margins for different business segments are projected as follows: automotive product solutions at 46%, licensing and service at 92%, and non-automotive solutions at 23%, with respective year-on-year increases of 2, 3, and 10 percentage points [3] - The company's operating expenses ratio is forecasted to be 176.36%, a decrease of 25.81 percentage points year-on-year [3] Delivery and Model Designation - The delivery volume for automotive product solutions is expected to reach approximately 2.9 million units in 2024, with a cumulative delivery volume of around 7.7 million units [4] - The company has secured over 100 model designations in 2024, increasing the total number of model designations to over 310 by December 31, 2024 [4] Product Development and Market Expansion - The company will launch the Journey 6 series processing hardware in 2024, aimed at enhancing advanced driver assistance and high-level autonomous driving solutions, with production starting in February 2025 [5] - The Journey 6 series has already been adopted for mass production by BYD's Tian Shen Eye C and will be implemented across more than 20 automotive manufacturers and brands [5] - From 2025 onwards, over 100 models equipped with the Journey 6 series are expected to be launched, covering a wide range of market segments from domestic to international brands, and from economy to luxury vehicles [5]

Core Viewpoint - The report outlines the operational and financial performance of the Penghua Shenzhen Energy REIT for the year 2024, highlighting the impact of market conditions on revenue and strategies for optimizing operations and investor relations [1][2][3]. Fund Overview - The fund, named Penghua Shenzhen Energy Clean Energy Closed-end Infrastructure Securities Investment Fund, was established on July 11, 2022, with a total share of 600 million [2]. - The fund primarily invests in infrastructure asset-backed securities and aims to generate stable cash flows and asset appreciation through active management [2][3]. Financial Performance - For the reporting period, the fund reported total income of approximately 1.9 billion RMB, with a net profit of about 292 million RMB, reflecting a significant increase from the previous year [4][5]. - The average electricity price was 0.5021 RMB per kWh, down 11.50% year-on-year, with total electricity sales volume decreasing by 17.89% [5][6]. - The fund's distributable amount for the period was approximately 355.59 million RMB, representing a 15.35% decrease compared to the previous year [5][6]. Operational Strategies - The fund management plans to optimize electricity trading strategies and reduce operational costs through technical improvements in response to low electricity prices in the Guangdong market [5][6]. - The management aims to maintain a high frequency of dividend distributions to enhance investor satisfaction and will continue to improve communication with investors through various platforms [5][6]. Market Context - The Guangdong electricity market is experiencing a trend of low prices due to various factors, including supply-demand dynamics and increased competition [5][6]. - The overall installed capacity in China's power sector reached 3.3486 billion kW by the end of 2024, marking a 14.59% year-on-year increase, with electricity demand also showing robust growth [9][10]. Project Details - The primary asset of the fund is the Eastern Power Plant (Phase I), which operates using liquefied natural gas and is located in Shenzhen [3][6]. - The project is expected to continue generating operational income until its design life expires in 2037, with ongoing assessments for potential extensions [2][3].

| 证券代码：002736 | 证券简称：国信证券 | | 编号：2025-013 | | --- | --- | --- | --- | | 债券代码：148227 | 债券简称：23 国证 | 03 | 编号：-【】 | 国信证券股份有限公司 2023 年面向专业投资者公开发行公司债券（第二期） 2025 年兑付兑息暨摘牌公告 2025 年 3 月 26 日（含）前买入本期债券的投资者，享有本次派发的本金和 利息；2025 年 3 月 26 日（含）前卖出本期债券的投资者，不享有本次派发的本 金和利息。 国信证券股份有限公司（以下简称"发行人""公司"或"本公司"）发行的 国信证券股份有限公司 2023 年面向专业投资者公开发行公司债券（第二期）（以 下简称"本期债券"）将于 2025 年 3 月 27 日兑付本息，为保证本次兑付兑息 工作的顺利进行，方便投资者及时领取本金和利息，现将有关事宜公告如下： 一、本期债券的基本情况 1、发行人：国信证券股份有限公司 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： 本期债券的债券简称为 23 国证 0 ...

国信证券: 国信证券股份有限公司2025年面向专业 投资者公开发行公司债券（第二期）在深圳证券交 易所上市的公告 国信证券股份有限公司 2025 年面向专业投资者公开发行 公司债券（第二期）在深圳证券交易所上市的公告 根据深圳证券交易所债券上市的有关规定，国信证券股份有限公司 2025 年 面向专业投资者公开发行公司债券（第二期）符合深圳证券交易所债券上市条件， 将于 2025 年 3 月 26 日起在深圳证券交易所上市，并面向专业投资者中的机构投 资者交易，交易方式包括匹配成交、点击成交、询价成交、竞买成交和协商成交。 债券相关要素如下： 国信证券股份有限公司 2025 年面向专业投资者公开发行公司债券（第 | 债券名称 | | --- | | 二期） | | | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 债券简称 25 | 国证 | | | 03 | | | | | | | | 债券代码 | 524180 | | | | | | | | | | | 信用评级 | AAA/AAA ...

国信证券股份有限公司 2025 年面向专业投资者公开发行 公司债券（第二期）在深圳证券交易所上市的公告 | 债券名称 | | 国信证券股份有限公司 | | | 2025 年面向专业投资者公开发行公司债券（第 | | --- | --- | --- | --- | --- | --- | | | 二期） | | | | | | 债券简称 | 国证 25 03 | | | | | | 债券代码 | 524180 | | | | | | 信用评级 | AAA/AAA | | | | | | 评级机构 | | | | 中诚信国际信用评级有限责任公司 | | | 发行总额（亿元） | 12 | | | | | | 债券期限 | 3 年 | | | | | | 票面年利率（％） | 2.17 | | | | | | 利率形式 | 固定利率 | | | | | | 付息频率 | | | 每年付息一次，到期一次还本 | | | | 发行日 | 2025 年 3 | 月 | 18 | 日-2025 | 年 3 月 19 日 | | 起息日 | 2025 年 3 | 月 | 19 | 日 | | | 上市日 | 2025 年 3 ...