（原标题：长城证券最新筹码趋于集中） 长城证券8月1日披露，截至7月31日公司股东户数为68148户，较上期（7月20日）减少3611户，环比降 幅为5.03%。这已是该公司股东户数连续第7期下降。 证券时报•数据宝统计，截至发稿，长城证券收盘价为8.81元，下跌0.11%，本期筹码集中以来股价累计 上涨0.91%。具体到各交易日，5次上涨，5次下跌。 公司发布的一季报数据显示，一季度公司共实现营业收入12.77亿元，同比增长41.02%，实现净利润 6.05亿元，同比增长71.56%，基本每股收益为0.1500元，加权平均净资产收益率2.00%。 7月14日公司发布上半年业绩预告，预计实现净利润13.35亿元至14.07亿元，变动区间为 85.00%~95.00%。（数据宝） 注：本文系新闻报道，不构成投资建议，股市有风险，投资需谨慎。 ...

Core Viewpoint - The company, Jiangsu Tongguang Electric Cable Co., Ltd., has decided not to exercise the early redemption rights of its convertible bonds, known as "Tongguang Convertible Bonds," after a thorough review by its board of directors and in consideration of current market conditions and the company's actual situation [5]. Summary by Sections Convertible Bond Basic Information - The total amount raised from the issuance of convertible bonds in 2019 was 297 million yuan, with a net amount of 286.972 million yuan after deducting issuance costs of 10.028 million yuan [1]. - The bonds were listed on the Shenzhen Stock Exchange on November 28, 2019, under the name "Tongguang Convertible Bonds" and the code "123034" [2]. - The conversion period for the bonds started six months after the issuance date, which was November 8, 2019, and will last until the maturity date [2]. Conversion Price Adjustment - The conversion price has been adjusted multiple times due to equity distribution, with the latest adjustment on July 19, 2023, changing the price from 7.91 yuan to 8.00 yuan per share [3]. - Future adjustments are scheduled, with the conversion price expected to decrease to 7.92 yuan on July 4, 2024, and further to 7.88 yuan on July 4, 2025 [3]. Conditional Redemption Terms and Triggering Conditions - The bonds have a conditional redemption clause that allows the company to redeem them if the stock price exceeds 130% of the conversion price for at least 15 trading days within a 30-day period [4]. - As of July 31, 2025, the stock price has met the condition for redemption, reaching 10.25 yuan, which is 130% of the conversion price of 7.88 yuan [4]. Reasons for Not Exercising Early Redemption - The board of directors held a meeting on July 31, 2025, and decided not to exercise the early redemption rights, considering market conditions and the company's situation [5]. - The company plans to redeem the bonds at maturity and delist them after the conversion period ends on November 3, 2025 [5]. Shareholder Trading Activity - There have been no transactions of "Tongguang Convertible Bonds" by major shareholders or executives in the six months prior to the redemption condition being met, and there are no plans for future reductions in holdings [5]. Sponsor's Opinion - The sponsor, Changcheng Securities, has reviewed the decision not to redeem the bonds early and found that the company followed necessary decision-making procedures and complied with relevant regulations [5].

Group 1: Company Performance and Strategy - In 2025, the company has adhered to the strategic philosophy of "safety, leadership, and service," focusing on building a new ecosystem for industrial finance and enhancing its service capabilities for the real economy, leading to steady performance improvement [1] - The company's wealth management and proprietary investment businesses have shown stable growth, while investment banking and asset management businesses have rebounded rapidly year-on-year, contributing to overall performance [1][2] Group 2: Investment Strategy - The company employs a flexible and balanced strategy for equity investments, covering various investment products such as stocks, ETFs, convertible bonds, and public funds across A-shares, Hong Kong stocks, and other markets [2] - The current market environment has shifted brokerages from traditional directional investments to a focus on stable returns, with differences in capital strength and business structure among brokerages significantly influencing proprietary equity investment strategies [2] Group 3: Shareholder Considerations - Shareholder assessments include comprehensive indicators such as operational performance, safety compliance, and functional services, with market value management being a part of the functional services assessment [2] - The controlling shareholder, Huaneng Capital, increased its stake in the company by 6,370,900 shares (0.16% of total shares) between April 9, 2025, and July 9, 2025, with an investment amount of approximately 50.17 million yuan, reflecting confidence in the long-term value of the domestic capital market and the company's future stability [2] Group 4: Regulatory Environment - Recent years have seen regulatory bodies optimizing the industry development ecosystem, enhancing supervision across various securities activities, and promoting a functional, intensive, professional, and specialized development direction for the industry [2] - Small and medium-sized brokerages are expected to leverage their unique resources and professional capabilities to achieve differentiated and specialized operations [2]

长城证券指出，近期市场持续活跃，交易定价反应了公募考核新规基准回补效应及去产能等政策效应， 市场量能有所放大，两融波动新高，券商、多元金融板块波动上行。我们判断，8月后国内外大事将继 续迎来密集交织期，宏大叙事或是决定市场可能进一步走强的关键因素，以券商为代表的非银金融有望 波动突破。 平安证券指出，券商2025年中报业绩普遍预增，截至7月27日，已发布业绩预告的25家券商中23家预 增。证券板块近期市场景气度改善，交投活跃度维持高位，从估值到业绩均具备β属性，全面受益。长 期看资本市场新一轮改革周期开启，券商仍有较大发展增量空间。证监会年中工作会议强调巩固市场回 稳向好态势，健全稳市机制，深化改革激发市场活力，推动中长期资金入市，利好行业长期发展。 （本文机构观点来自持牌证券机构，不构成任何投资建议，亦不代表平台观点，请投资人独立判断和决 策。） 资金流向来看，Wind数据显示，证券ETF（159842）昨日获资金净流入8073万元，已连续2日获资金净 流入，累计净流入额近1.3亿元。 券商ETF（159842）跟踪中证全指证券公司指数。该指数选取中证全指样本股中至多50只证券公司行业 股票组成，以反映该行 ...

Group 1 - The company issued the second phase of short-term financing bonds for the year 2025 on February 12, 2025, with a total issuance amount of RMB 1 billion and a coupon rate of 1.80% for a term of 167 days [1] - The maturity date for the bonds is set for July 29, 2025, when the company will repay the principal and interest [1] - On July 29, 2025, the company completed the repayment of the principal and interest totaling RMB 1,008,235,616.44 [2]

Group 1 - The closing price of Great Wall Securities (002939) on July 30, 2025, was 9.04 yuan, down 1.09%, with a turnover rate of 1.03%, a trading volume of 360,900 shares, and a transaction amount of 328 million yuan [1] - On July 30, 2025, the capital flow for Great Wall Securities showed a net outflow of 57.67 million yuan from main funds, a net inflow of 14.63 million yuan from speculative funds, and a net inflow of 43.03 million yuan from retail investors [1][3] Group 2 - Great Wall Securities completed the repayment of the second phase of short-term financing bonds for 2025, which were issued on February 12, 2025, with an issuance amount of 1 billion yuan, a coupon rate of 1.80%, and a term of 167 days, totaling 1,008,235,616.44 yuan in principal and interest paid on July 29, 2025 [2][3]

（编辑 任世碧） 证券日报网讯 7月30日晚间，长城证券发布公告称，公司于2025年2月12日发行了公司2025年度第二期 短期融资券，发行金额为人民币10亿元，票面利率为1.80%，发行期限为167天，兑付日为2025年7月29 日。2025年7月29日，公司兑付了2025年度第二期短期融资券本息共计人民币1，008，235，616.44元。 ...

关于 2025 年度第二期短期融资券兑付完成的公告 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。 长城证券股份有限公司（以下简称公司）于 2025 年 2 月 12 日发行了公司 2025 年度第二期短期融资券，发行金额为人民币 10 亿元，票面利率为 1.80%， 发行期限为 167 天，兑付日为 2025 年 7 月 29 日。 2025 年 7 月 29 日，公司兑付了 2025 年度第二期短期融资券本息共计人民 币 1,008,235,616.44 元。 特此公告。 长城证券股份有限公司董事会 2025 年 7 月 31 日 证券代码：002939 证券简称：长城证券 公告编号：2025-053 长城证券股份有限公司 ...

Core Insights - The 2025 World Intelligent Vehicle Conference will be held on July 30-31, highlighting the importance of intelligent vehicles in the automotive industry [1] - Dongwu Securities believes that the essence of automotive intelligence is a revolution in mobility, with 2025 potentially being a pivotal year for the industry [1] - The proliferation of urban NOA (Level 3 intelligent driving experience) is expected to make intelligent features a top three consideration for consumers when purchasing vehicles [1] - The automotive intelligence sector is characterized by a survival of the fittest model, leading to a future where companies will be categorized into three types: B-end Robotaxi operators, C-end personalized brands, and high-end vehicle manufacturers [1] Industry Trends - Longyuan Securities notes that leading automotive manufacturers both domestically and internationally are making breakthroughs in intelligent driving, indicating a period of rapid industry development [1] - The necessity for onboard large models to utilize core hardware components like lidar for information collection is emphasized, suggesting investment opportunities in modules and lidar hardware [1] - End-to-end large models are expected to become mainstream solutions due to their rapid iteration and cost advantages [1] - As advanced intelligent driving technology becomes available in vehicles priced between 100,000 to 200,000 yuan, the democratization of intelligent driving will gradually be realized, maintaining a positive outlook on investment opportunities within the intelligent driving supply chain [1]

1.公告基本信息 交银施罗德基金管理有限公司关于增加 长城证券股份有限公司为旗下基金的销售机构的公告 根据《交银施罗德定期支付双息平衡混合型证券投资基金基金合同》、《交银施罗德定期支付双息平衡 混合型证券投资基金招募说明书》的有关规定，交银施罗德基金管理有限公司决定自2025年9月1日起将 交银施罗德定期支付双息平衡混合型证券投资基金年化现金支付比率由6%调整为3%。 2.其他需要提示的事项 （1）自2025年9月起交银施罗德定期支付双息平衡混合型证券投资基金的定期支付按照调整后的年化现 金支付比率执行，敬请投资者关注。 （2）投资者可以通过本基金管理人网站（www.fund001.com）或客户服务电话400-700-5000（免长途话 费），021-61055000咨询有关详情。 风险提示：基金管理人承诺以诚实信用、勤勉尽责的原则管理和运用基金财产，但不保证基金一定盈 利，也不保证最低收益。基金的过往业绩并不代表其未来表现。投资有风险，敬请投资者认真阅读基金 的相关法律文件，并选择适合自身风险承受能力的投资品种进行投资。 特此公告。 交银施罗德基金管理有限公司 二〇二五年七月三十日 根据交银施罗德基金管理 ...