经审核，监事会认为公司董事会编制和审议《第一创业证券股份有限公司 2025 年第三季度报告》的程序符合法律、行政法规及中国证监会的有关规定，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。 表决结果：五票同意，零票反对，零票弃权。 证券代码：002797 证券简称：第一创业 公告编号：2025-063 第一创业证券股份有限公司 第五届监事会第六次会议决议公告 本公司及监事会全体成员保证信息披露的内容真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 第一创业证券股份有限公司（以下简称"公司"）第五届监事会第六次会议 通知于 2025 年 10 月 24 日以电子邮件方式发出，会议于 2025 年 10 月 30 日在深 圳以现场与视频会议相结合的方式召开。本次会议应出席监事 5 名，实际出席监 事 5 名，会议由监事会主席张长宇先生主持，公司部分高级管理人员列席会议。 会议的召集和表决程序符合《中华人民共和国公司法》和《第一创业证券股份有 限公司章程》的有关规定。 本次会议审议了会议通知列明的议案并形成如下决议： 一、审议通过《关于<公司 2025 年第三 ...

证券代码：002797 证券简称：第一创业 公告编号：2025-062 第一创业证券股份有限公司 一、审议通过《关于<公司 2025 年第三季度报告>的议案》 表决结果：八票同意，零票反对，零票弃权。 本议案已经公司第五届董事会审计委员会 2025 年第五次会议审议通过。 《第一创业证券股份有限公司 2025 年第三季度报告》与本决议同日公告。 第五届董事会第六次会议决议公告 本公司及董事会全体成员保证信息披露的内容真实、准确和完整，没有虚假记 载、误导性陈述或重大遗漏。 第一创业证券股份有限公司（以下简称"公司"）第五届董事会第六次会议通 知于 2025 年 10 月 24 日以电子邮件方式发出，会议于 2025 年 10 月 30 日在深圳以 现场与视频会议相结合的方式召开。本次会议应出席董事 8 名，实际出席董事 8 名， 会议由公司副董事长青美平措先生主持（代为履行董事长职责），公司监事和部分 高级管理人员列席会议。会议的召集和表决程序符合《中华人民共和国公司法》和 《第一创业证券股份有限公司章程》的有关规定。 本次会议审议了会议通知列明的各项议案并形成如下决议： 1 四、审议通过《关于提请召开公司 ...

第一创业证券股份有限公司 股东会网络投票管理办法 第二条 本办法所称公司股东会网络投票系统（以下简称"网络投票系统"）， 是指深圳证券交易所（以下简称"深交所"）利用网络与通信技术，为公司股东 行使股东会表决权提供服务的信息技术系统。网络投票系统包括深交所交易系统、 互联网投票系统（网址：http://wltp.cninfo.com.cn）。 公司可以选择使用现场投票辅助系统收集汇总现场投票数据，并委托深圳证 券信息有限公司（以下简称"信息公司"）合并统计网络投票和现场投票数据。 公司通过深交所网络投票系统为股东提供网络投票服务的，应当与信息公司签订 服务协议。 第三条 公司召开股东会，除现场会议投票外，应当向股东提供股东会网络 投票服务。 公司股东会现场会议应当在深交所交易日召开。 第四条 股东会股权登记日登记在册的所有股东，均有权通过网络投票系统 行使表决权。 1 （尚需提交股东大会审议） 第一章 总则 第一条 为规范第一创业证券股份有限公司（以下简称"公司"）股东会网 络投票行为，便于股东行使表决权，保护投资者合法权益，根据《上市公司股东 会规则》《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 ...

Financial Performance - Total operating revenue for Q3 2025 reached ¥1,152,979,132.84, an increase of 31.48% compared to the same period last year[3] - Net profit attributable to shareholders was ¥285,146,777.90, reflecting an 18.23% year-over-year growth[3] - Basic earnings per share for the period was ¥0.07, up 22.81% from the previous year[3] - The company reported a net profit after deducting non-recurring gains and losses of ¥285,741,236.27, a 19.08% increase year-over-year[3] - Total operating revenue increased to ¥2,984,926,917.64 from ¥2,401,088,948.17, representing a growth of approximately 24.3% year-over-year[20] - Net commission and fee income rose to ¥1,299,383,499.52, up from ¥1,119,567,403.44, marking an increase of about 16.1%[20] - Investment income surged to ¥1,197,570,542.77, compared to ¥909,734,869.50, reflecting a growth of approximately 31.6%[20] - Operating profit improved to ¥1,067,880,314.17 from ¥783,637,842.14, an increase of around 36.4%[21] - Net profit attributable to shareholders reached ¥770,678,170.51, up from ¥641,104,673.58, indicating a growth of about 20.2%[21] - The company reported a total comprehensive income of ¥1,129,589,483.23, compared to ¥1,029,696,877.56, reflecting an increase of about 9.7%[21] - Basic and diluted earnings per share improved to ¥0.18 from ¥0.153, representing an increase of approximately 17.5%[22] Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥54,898,296,140.11, a 4.09% increase from the end of the previous year[4] - The total assets increased to CNY 54.90 billion from CNY 52.74 billion, reflecting a growth of approximately 4.1%[16] - The total liabilities reached CNY 37.27 billion, compared to CNY 35.93 billion, marking an increase of about 3.7%[18] - The company's equity attributable to shareholders rose to CNY 17.07 billion from CNY 16.31 billion, showing an increase of approximately 4.7%[18] Capital and Liquidity - Core net capital increased by 7.76% to ¥11,328,555,450.76 compared to the previous year-end[9] - The risk coverage ratio improved to 271.72%, an increase of 47.05 percentage points year-over-year[9] - The liquidity coverage ratio rose to 214.32%, up 24.80 percentage points from the previous year[9] - Cash and cash equivalents rose to CNY 12.29 billion, up from CNY 11.90 billion, indicating an increase of about 3.3%[16] - Cash and cash equivalents at the end of the period totaled ¥14,584,607,999.17, compared to ¥11,669,642,940.09 at the end of the previous period, an increase of approximately 25.9%[23] Shareholder Information - The total number of shares held by the top 10 shareholders accounted for 44.62% of the total shares outstanding[14] - The largest shareholder, Beijing State-owned Capital Operation Management Co., Ltd., holds 11.06% of the shares, totaling 464,686,400 shares[14] Other Financial Metrics - Customer deposits increased significantly to CNY 10.06 billion from CNY 8.58 billion, representing a growth of approximately 17.3%[16] - The short-term financing payable increased to CNY 1.10 billion from CNY 511.58 million, reflecting a significant rise of about 115.5%[18] - The company reported a significant increase in receivables, which rose to CNY 561.73 million from CNY 305.26 million, indicating an increase of approximately 84.0%[17] - The derivative financial assets decreased to CNY 6.29 million from CNY 22.55 million, a decline of about 72.0%[17] - Cash flow from operating activities generated a net amount of ¥1,706,744,973.86, slightly down from ¥1,716,131,734.64[22] - The company experienced a net cash outflow from investing activities of ¥1,681,211,796.42, compared to a net outflow of ¥450,657,020.24 in the previous period[23] - The company did not have any fundraising activities during the reporting period[10]

证券代码：002797 证券简称：第一创业 公告编号：2025-061 | 债券名称 | | 第一创业证券股份有限公司2025年面向专业投资者公开发 | | --- | --- | --- | | | 行科技创新公司债券（第二期） | | | 证券简称 | 25 一创 K2 | | | 债券代码 | 524486 | | | 信用评级 | 主体评级为 AAA | 级，债项评级为 AAA 级 | | 评级机构 | 大公国际资信评估有限公司 | | | 发行总额（亿元） | 10 | | | 债券期限 | 年期 3 | | | 票面年利率（％） | 2.07 | | | 利率形式 | 固定利率，单利按年计息，不计复利 | | | 付息频率 | 一年付息一次 | | | 发行日 | 年 月 日 2025 10 22 | | | 起息日 | 2025 年 10 月 22 日 | | | 上市日 | 2025 年 10 月 28 日 | | | 到期日 | 2028 年 10 月 22 日 | | | 债券面值 | 100 元/张 | | | 开盘参考价 | 元/张 100 | | （本页以下无正文） （此页无正文，为 ...

Core Insights - As of October 23, 16 listed brokerages have announced mid-year cash dividends totaling approximately 8 billion yuan, providing investors with a "mid-term red envelope" [1][2] - There is a significant disparity in dividend amounts among brokerages, with Guotai Junan leading with over 2.6 billion yuan in cash dividends and a dividend rate of 16.8%, while some smaller firms reported dividends below 100 million yuan [2][3] - The differences in dividend payouts reflect structural changes in the capital market, with leading brokerages benefiting from strong capital, diversified businesses, and stable governance [3] Dividend Analysis - The total cash dividends announced by brokerages reached 79.74 billion yuan, with Guotai Junan, China Merchants Securities, and Dongfang Securities being the top three in terms of total dividends [2] - Smaller brokerages like Zhongyuan Securities and First Capital have lower total dividends and dividend rates, indicating a disparity in profitability and capital [2][3] - A healthy dividend rate is generally considered to be above 30%, while rates exceeding 50% may strain cash flow [3] Investment Considerations - The brokerage sector shows significant internal differentiation, providing various investment perspectives [4] - The A-share market has seen a rise in brokerage stocks, with the brokerage index increasing by approximately 29% from April 8 to October 23 [4] - Investors should focus on market conditions, trading volumes, and other performance indicators rather than solely on dividend data [5] Financial Performance - All 42 listed brokerages reported positive growth in net profit for the first half of the year, with 37 experiencing revenue growth year-on-year [5] - Key drivers of performance include a 44% increase in brokerage income and a 54% increase in proprietary trading income [5] Balancing Dividends and Growth - Brokerages must maintain sufficient cash flow to meet dividend demands while ensuring funds for development [6] - Strategies may include flexible dividend policies based on business maturity and expansion, as well as adopting international models for dividends and share buybacks [6] - Enhancing financial transparency and strategic clarity is crucial for attracting long-term investors and achieving sustainable growth [6]

Core Viewpoint - The company, First Venture (002797), stated on October 23 that it has no undisclosed information that should have been disclosed [1] Company Summary - First Venture responded to investor inquiries on an interactive platform, confirming the absence of any undisclosed information [1]

Market Overview - On October 23, the securities sector rose by 1.06%, with Haotou Co., Ltd. leading the gains [1] - The Shanghai Composite Index closed at 3922.41, up 0.22%, while the Shenzhen Component Index closed at 13025.45, also up 0.22% [1] Individual Stock Performance - Haotou Co., Ltd. (600864) closed at 8.03, up 6.22% with a trading volume of 1.66 million shares and a transaction value of 1.299 billion [1] - Other notable performers included: - Tuxin Securities (002736) at 14.19, up 4.11% [1] - Guosheng Financial Holdings (002670) at 21.71, up 2.99% [1] - Huaxin Co., Ltd. (600621) at 16.61, up 2.40% [1] Capital Flow Analysis - The securities sector saw a net inflow of 358 million in institutional funds, while retail investors experienced a net outflow of 618 million [2] - Major stocks with significant capital inflows included: - Dongfang Fortune (300059) with a net inflow of 325 million [3] - Haotou Co., Ltd. (600864) with a net inflow of 16.6 million [3] - CITIC Securities (600030) with a net inflow of 13.8 million [3] Summary of Trading Data - The trading data for various securities showed mixed results, with some stocks experiencing gains while others faced declines [2][3] - The overall trading environment indicates a cautious sentiment among retail investors, contrasting with institutional buying activity [2][3]

Group 1 - The three major indices opened lower, with the securities sector experiencing a slight decline [1] - The broker ETF (159842) saw a decrease of 0.34% with a trading volume exceeding 300 million yuan and a premium rate of 0.01% [1] - Among the constituent stocks, only Guosen Securities, First Capital Securities, Great Wall Securities, and GF Securities showed gains [2] Group 2 - The broker ETF recorded a net inflow of over 12 million yuan yesterday, accumulating over 1.06 billion yuan in the last ten trading days [2] - Several foreign institutions have expressed optimism about A-share growth, with firms like Goldman Sachs and JPMorgan predicting a bullish market outlook [2] - According to the analysis, the securities sector is currently undervalued, with strong earnings growth expected to support further valuation increases [2]

证券代码：002797 证券简称：第一创业 公告编号：2025-060 第一创业证券股份有限公司 2025 年面向专业投资者公开发行科技创新公司债券（第二期） 发行结果公告 本公司及其董事、监事、高级管理人员保证公告内容真实、准确和完整， 并对公告中的虚假记载、误导性陈述或者重大遗漏承担责任。 第一创业证券股份有限公司公开发行不超过人民币 80 亿元公司债券已获得 中国证券监督管理委员会"证监许可【2025】1976 号"文注册。根据《第一创 业证券股份有限公司 2025 年面向专业投资者公开发行科技创新公司债券（第二 期）发行公告》，第一创业证券股份有限公司 2025 年面向专业投资者公开发行 科技创新公司债券（第二期）（以下简称"本期债券"，债券简称：25 一创 K2， 债券代码：524486）发行规模不超过 10 亿元（含 10 亿元），发行价格为每张 100 元，采取网下面向专业机构投资者询价配售的方式发行。 本期债券网下发行时间为 2025 年 10 月 22 日，具体发行情况如下： 4、承销机构及关联方未参与本期债券的认购。 特此公告。 （本页以下无正文） 行科技创新公司债券（第二期）发行结果公告 ...