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]

Group 1 - Morgan Fund Management (China) Co., Ltd. has signed a fund sales agency agreement with Great Wall Securities Co., Ltd., allowing Great Wall Securities to act as a sales agent for certain funds starting from the date of the announcement [1] - Investors can conduct subscription, redemption, and regular investment operations through Great Wall Securities, with specific processes and timings subject to Great Wall Securities' regulations [1] Group 2 - Morgan Fund Management (China) Co., Ltd. has also signed a fund sales agency agreement with Ningbo Bank Co., Ltd., designating Ningbo Bank's Easy Manager platform as a sales agent for certain funds [3] - Investors can perform subscription, redemption, and regular investment operations through the Ningbo Bank Easy Manager platform, with specific processes and timings subject to the platform's regulations [3] Group 3 - The Morgan Enjoy Return 6-Month Holding Period Mixed Securities Investment Fund has had its net asset value fall below 50 million yuan for 30 consecutive working days as of October 21, 2025, which may trigger the termination of the fund contract [5][6] - The fund's contract stipulates that if the number of fund unit holders falls below 200 or the net asset value remains below 50 million yuan for 50 consecutive working days, the fund contract will terminate without the need for a unit holder meeting [5][6] Group 4 - If the fund contract is terminated, the fund manager will establish a fund property liquidation team to carry out the liquidation process, and no subscription, redemption, or regular investment operations will be conducted during this period [7] - Investors are advised to read the fund's contract and related legal documents for detailed information [8]

Core Viewpoint - Changjiang Securities announced a mid-term profit distribution plan for 2025, significantly increasing its cash dividend per share due to record-high performance in the first half of 2025 [1] Group 1: Dividend Distribution - The company will distribute RMB 0.76 per 10 shares (including tax), totaling RMB 307 million (including tax) [1] - This represents a doubling of the cash dividend from RMB 0.38 per 10 shares in the mid-term of 2024, with total cash dividends increasing from RMB 153 million to RMB 307 million year-on-year [1] Group 2: Financial Performance - In the first half of 2025, Changjiang Securities achieved total operating revenue of RMB 2.859 billion, a year-on-year increase of 44.24% [1] - The net profit attributable to shareholders of the listed company reached RMB 1.385 billion, marking a year-on-year growth of 91.92% [1]

Core Viewpoint - Changcheng Securities announced a significant increase in its mid-term profit distribution plan for 2025, reflecting strong financial performance in the first half of the year [1] Financial Performance - For the first half of 2025, Changcheng Securities reported total operating revenue of RMB 2.859 billion, representing a year-on-year growth of 44.24% [1] - The net profit attributable to shareholders reached RMB 1.385 billion, showing a remarkable year-on-year increase of 91.92% [1] Dividend Distribution - The company will distribute RMB 0.76 per 10 shares, which is a substantial increase from RMB 0.38 per 10 shares in the same period of 2024 [1] - The total cash dividend payout amounts to RMB 307 million, up from RMB 153 million in the previous year, indicating a more than 100% increase in the total dividend amount [1]

Group 1 - The core point of the article is that Changcheng Securities has approved a profit distribution plan for the first half of 2025, which includes a cash dividend of 0.76 yuan per 10 shares for all shareholders [1] - The total number of shares for the distribution is based on the existing total share capital of 4.034 billion shares [1] - The total cash dividend to be distributed amounts to 307 million yuan [1]

证券代码：002939 证券简称：长城证券 公告编号：2025-080 同意以公司总股本 4,034,426,956 股为基数，向全体股东每 10 股派发现金红 利 0.76 元（含税），合计派发 306,616,448.66 元，不送红股，不以资本公积转增 股本。公司剩余的未分配利润转入下一次分配。如本利润分配方案实施前公司总 股本发生变化的，将按照派发总额不变的原则相应调整。 表决情况：同意 14 票，反对 0 票，弃权 0 票。 《关于公司 2025 年中期利润分配方案的公告》于同日在《证券时报》《中 国证券报》《上海证券报》《证券日报》和巨潮资讯网（www.cninfo.com.cn）披 露。 本议案已经公司董事会审计委员会审议通过。 特此公告。 长城证券股份有限公司董事会 长城证券股份有限公司 第三届董事会第十四次会议决议公告 本公司及公司全体董事会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。 长城证券股份有限公司（以下简称公司）于 2025 年 10 月 15 日发出第三届 董事会第十四次会议书面通知。本次会议由董事长王军先生召集，于 2025 年 10 月 22 ...

长城证券股份有限公司 证券代码：002939 证券简称：长城证券 公告编号：2025-081 关于公司 2025 年中期利润分配方案的公告 本公司及公司全体董事会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。 2.公司（母公司）2025 年上半年实现净利润 1,333,466,837.76 元，其他综合 收益结转留存收益等影响 9,862,972.50 元。年初未分配利润为 4,710,602,847.46 元，2024 年全年公司合计向股东派发现金红利 371,167,279.95 元。截至 2025 年 6 月 30 日，公司累计可供分配利润余额为 5,682,765,377.77 元。根据《公司法》 《证券法》《金融企业财务规则》等法律法规的规定，公司分别按税后利润的 10%计提法定公积金、一般风险准备、交易风险准备各 133,346,683.78 元，按大 集合产品管理费收入的 10%计提风险准备 49,996.83 元，按重要货币市场基金销 售收入的 20%计提风险准备 946.34 元，公司 2025 年 6 月末未分配利润为 5,282,674,383.26 元。 ...

格隆汇10月22日｜长城证券公告，公司拟以公司现有总股本4,034,426,956股为基数，向公司全体股东每 10股派发现金红利0.76元（含税），合计派发306,616,448.66元，不送红股，不以资本公积转增股本。公 司剩余的未分配利润转入下一次分配。如本利润分配方案实施前公司总股本发生变化的，将按照派发总 额不变的原则相应调整。 ...

| 债券名称 | 长城证券股份有限公司 | | | 年面向专 2025 | | | | 长城证券股份有限公司 | | | | 2025 | 年面向专 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | 业投资者公开发行公司债券（第三期） | | | | | | | | 业投资者公开发行公司债券（第三期） | | | | | | （品种一） | | | | | （品种二） | | | | | | | | | | 债券简称 | 长城 25 05 | | | | 25 | 长城 | 06 | | | | | | | | | 债券代码 | 524469 | | | | | 524470 | | | | | | | | | | 信用评级 | AAA/AAA | | | | | AAA/AAA | | | | | | | | | | 评级机构 | 联合资信评估股份有限公司 | | | | | | | | 联合资信评估股份有限公司 | | | | | | | 发行总额（ ...

Group 1 - The company, 欧陆通, announced that it will accept investor research from October 13 to October 17, 2025, with participation from its Vice General Manager and Board Secretary, 蔡丽琳, among others [1] - The company is engaging with investors through a research initiative, indicating a proactive approach to investor relations [1] Group 2 - 林园, a notable figure in the investment community, expressed confidence despite recent market losses, emphasizing a continued focus on the liquor sector as a "happy demand" and indicating concerns over technology stocks [1]