一、主要会计数据和财务指标 | 报告期指标 | 2025年一季报 | 2024年一季报 | 本年比上年增减(%) | 2023年一季报 | | --- | --- | --- | --- | --- | | 基本每股收益（元） | 0.0382 | 0.0203 | 88.18 | 0.0233 | | 每股净资产（元） | 2.58 | 2.32 | 11.21 | 2.42 | | 每股公积金(元) | 0.25 | 0.25 | 0 | 0.25 | | 每股未分配利润(元) | 0.79 | 0.68 | 16.18 | 0.73 | | 每股经营现金流(元) | - | - | - | - | | 营业收入(亿元) | 3.25 | 2.73 | 19.05 | 2.43 | | 净利润(亿元) | 1.03 | 0.55 | 87.27 | 0.63 | | 净资产收益率(%) | 1.51 | 0.87 | 73.56 | 0.97 | 数据四舍五入，查看更多财务数据>> 前十大流通股东累计持有： 245273.72万股，累计占流通股比： 90.87%，较上期变化： -666.05万股。 | 名 ...

华林证券股份有限公司 2025 年第一季度报告 证券代码：002945 证券简称：华林证券 公告编号：2025-023 一、主要财务数据 （一） 主要会计数据和财务指标 华林证券股份有限公司 2025 年第一季度报告 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。 重要内容提示： 1.董事会、监事会及董事、监事、高级管理人员保证季度报告的真实、准确、完整，不存在虚假记载、误导性陈述或重 大遗漏，并承担个别和连带的法律责任。 2.公司负责人、主管会计工作负责人及会计机构负责人(会计主管人员)声明：保证季度报告中财务信息的真实、准确、完 整。 3.第一季度报告是否经审计 □是 否 公司是否需追溯调整或重述以前年度会计数据 □是 否 | | 本报告期 | 上年同期 | 本报告期比上年同期增减 | | --- | --- | --- | --- | | 营业总收入（元） | 324,608,904.09 | 272,614,220.78 | 19.07% | | 归属于上市公司股东的净利 | 103,031,497.92 | 54,827,177.26 | 87.92 ...

北京金诚同达（深圳）律师事务所 关于 华林证券股份有限公司 2024 年年度股东大会的 法律意见书 金深法意字[2025]第 188 号 深圳市福田区鹏程一路广电金融中心 42 层 518000 电话：0755-2223 5518 传真：0755-2223 5528 金诚同达律师事务所 法律意见书 北京金诚同达（深圳）律师事务所 关于华林证券股份有限公司 2024 年年度股东大会的 法律意见书 金深法意字[2025]第 188 号 致：华林证券股份有限公司 北京金诚同达（深圳）律师事务所（以下简称"本所"）接受华林证券股份 有限公司（以下简称"公司"）的聘请，指派本所律师出席公司 2024 年年度股 东大会（以下简称"本次股东大会"）并对会议的相关事项出具法律意见书。 本所律师根据《中华人民共和国公司法》（以下简称"《公司法》"）、《中 华人民共和国证券法》《上市公司股东大会规则》（以下简称"《股东大会规则》"）、 《律师事务所从事证券法律业务管理办法》《律师事务所证券法律业务执业规则 （试行）》等有关法律、法规和规范性文件的要求以及《华林证券股份有限公司 章程》（以下简称"《公司章程》"）的规定，对本次股东 ...

Financial Performance - Total operating revenue for Q1 2025 was ¥324,608,904.09, an increase of 19.07% compared to ¥272,614,220.78 in the same period last year[3] - Net profit attributable to shareholders reached ¥103,031,497.92, representing an 87.92% increase from ¥54,827,177.26 year-on-year[3] - The net profit after deducting non-recurring gains and losses was ¥106,055,350.88, up 45.73% from ¥72,776,322.55 in the previous year[3] - Basic and diluted earnings per share were both ¥0.0382, an increase of 88.18% compared to ¥0.0203 in the same period last year[4] - The company reported a significant increase in brokerage business net income, which rose by 53.33% to ¥174,302,275.45 compared to ¥113,679,329.09 in the same period last year[8] - The company’s total comprehensive income for Q1 2025 was ¥307,379,636.13, a significant increase compared to a loss of ¥71,574,588.06 in the same period last year[8] - Net interest income rose to ¥95,293,351.88, compared to ¥86,202,068.14 in the prior period, reflecting a growth of 12.5%[18] - Net commission and fee income surged to ¥192,305,153.79, a significant increase of 52.7% from ¥125,898,918.94[18] - Total operating expenses amounted to ¥202,301,791.55, up 28.5% from ¥157,356,425.05[19] - Net profit for the period reached ¥103,031,497.92, a substantial increase of 87.5% compared to ¥54,827,177.26 in the previous period[19] Assets and Liabilities - Total assets at the end of Q1 2025 were ¥30,349,466,175.62, a 24.06% increase from ¥24,464,465,071.71 at the end of the previous year[4] - Total liabilities rose to ¥23,381,698,564.46, an increase of 31.2% from ¥17,804,077,096.68[16] - The company's equity attributable to shareholders increased to ¥6,967,767,611.16, up from ¥6,660,387,975.03, reflecting a growth of 4.6%[16] - Total net assets increased to CNY 6,553,539,214.10 from CNY 6,259,100,969.86, reflecting a growth of 4.69%[9] - The total assets on and off the balance sheet reached CNY 20,631,355,218.46, up from CNY 14,362,399,907.15, indicating a significant increase of 43.73%[9] Cash Flow - The net cash flow from operating activities was ¥5,657,170,207.77, a decrease of 2.47% from ¥5,800,332,260.61 in the previous year[3] - Cash inflow from operating activities totaled 6,744,752,376.46 yuan, down from 7,606,781,310.83 yuan[20] - Cash outflow from investing activities was 6,846,600,050.96 yuan, compared to 5,857,505,725.42 yuan in the previous period[21] - Net cash flow from investing activities was -6,346,635,390.21 yuan, worsening from -5,756,713,277.87 yuan[21] - Cash inflow from financing activities was 359,570,000.00 yuan, down from 579,567,000.00 yuan[21] - Net cash flow from financing activities was -239,386,627.36 yuan, an improvement from -816,022,894.06 yuan[21] - The ending balance of cash and cash equivalents was 11,839,701,453.90 yuan, up from 9,570,648,675.24 yuan[21] Capital and Ratios - The weighted average return on equity rose to 1.51%, up 0.64 percentage points from 0.87% year-on-year[4] - Risk coverage ratio decreased to 195.20% from 266.63%, remaining above the regulatory benchmark of 100%[9] - Capital leverage ratio decreased to 24.05% from 33.93%, still above the regulatory minimum of 8%[9] - Liquidity coverage ratio improved to 323.81% from 215.29%, significantly exceeding the minimum requirement of 100%[9] - The total amount of financing (including margin trading) as a percentage of net capital is 102.81%, below the regulatory limit of 400%[9] Shareholder Information - The number of common shareholders at the end of the reporting period was 65,509[11] - The largest shareholder, Shenzhen Liyue Group Co., Ltd., holds 64.46% of shares, with 574,000,000 shares pledged[11] - The company has not reported any changes in the shareholding structure of the top 10 shareholders due to margin trading activities[12] Accounting and Audit - The company did not undergo an audit for the first quarter report[22] - The new accounting standards will be first implemented starting in 2025[22]

Core Insights - As of April 21, 2024, 2,246 companies have released their annual reports, with 1,197 reporting a year-on-year increase in net profit, while 1,049 reported a decline [1] - A total of 1,341 companies saw an increase in operating revenue, whereas 904 experienced a decrease [1] - Companies that reported simultaneous growth in both net profit and operating revenue include 940 firms, while 648 companies saw declines in both metrics [1] - Notably, 234 companies achieved a net profit growth rate exceeding 100%, with Zhengdan Co., Ltd. leading at an impressive 11,949.39% increase [1] Company Performance Summary - Zhengdan Co., Ltd. (300641) reported earnings per share of 2.35 yuan, with a net profit of 1,189.89 million yuan, reflecting a year-on-year increase of 11,949.39%, and operating revenue of 348.02 million yuan, up 126.31% [1] - Guangxi Energy (600310) reported earnings per share of 0.043 yuan, with a net profit of 62.99 million yuan, a significant increase of 3,704.04%, but a decline in operating revenue by 76.48% to 393.16 million yuan [1] - Siwei (688213) achieved earnings per share of 0.98 yuan, with a net profit of 39.27 million yuan, marking a 2,662.76% increase, and operating revenue of 596.81 million yuan, up 108.87% [1] - Other notable performers include Andis (600299) with a net profit of 120.43 million yuan (up 2,208.66%) and operating revenue of 1,553.43 million yuan (up 17.83%) [1] - Companies like Huabei Pharmaceutical (600812) and Jiangsu Suo (600746) also reported significant changes in their financial metrics, with varying trends in net profit and operating revenue [1][2]

Group 1 - The brokerage business, traditionally a core area for securities firms, has shown positive performance in 2024 due to increased market activity and trading volume [1][2] - The overall net income from brokerage services for 150 securities firms reached 115.15 billion yuan, a year-on-year increase of 16.98% [2] - Among 25 listed securities firms, the total net income from brokerage fees was 81.42 billion yuan, reflecting a year-on-year growth of 8.77%, with 21 firms reporting growth [2][3] Group 2 - Leading firms such as CITIC Securities reported a net income of 10.71 billion yuan from brokerage fees, a growth of 4.79%, while other top firms also performed well [3] - Smaller firms like Guolian Minsheng and Hualin Securities showed remarkable growth rates of 39.44% and 30.02% respectively in their brokerage income [3] Group 3 - The ability to sell financial products has become a key indicator of the success of wealth management transformation for securities firms, with CITIC Securities leading in this area [4] - The total income from selling financial products among the 25 firms reached significant figures, with Guolian Minsheng and Hualin Securities showing high growth rates in this segment [4] Group 4 - Securities firms are enhancing their wealth management capabilities by improving service models and expanding product offerings to meet diverse client needs [5][6] - By the end of 2024, firms managed a total of 84.1 trillion yuan in client assets, with a 19.9% year-on-year increase in the scale of financial products sold [5] Group 5 - The construction of a buyer advisory system is becoming a core element of wealth management strategies, with firms focusing on differentiated strategies in client operations and product innovation [6] - CITIC Securities has adopted a comprehensive financial solution approach, while Guolian Minsheng is building a service system centered on asset allocation for different client categories [6] Group 6 - Looking ahead, firms like Shenwan Hongyuan and Huatai Securities are planning to enhance their asset allocation capabilities and develop a diverse product matrix to strengthen their wealth management brands [7]

Core Insights - As of April 15, 2024, 1,567 companies have released their annual reports, with 874 reporting a year-on-year increase in net profit, while 693 reported a decline [1] - A total of 942 companies saw an increase in operating revenue, whereas 625 experienced a decrease [1] - Companies that reported simultaneous growth in both net profit and operating revenue include Andisoo, among 686 others, while 437 companies saw declines in both metrics [1] Financial Performance Highlights - Guangxi Energy reported the highest net profit growth at 3,704.04%, with a net profit of 62.99 million and operating revenue of 393.16 million, which decreased by 76.48% [1] - North China Pharmaceutical achieved a net profit increase of 2,496.80%, with a net profit of 126.99 million and operating revenue of 986.96 million, down by 2.48% [1] - Andisoo's net profit rose by 2,208.66% to 1,204.33 million, with operating revenue increasing by 17.83% to 1,553.43 million [1] - Other notable performers include: - Shengyi Electronics: net profit up 1,428.23% to 331.97 million, operating revenue up 43.19% to 468.66 million [1] - Hualin Securities: net profit up 1,014.54% to 353.15 million, operating revenue up 41.35% to 143.48 million [1] Additional Company Insights - Companies with significant net profit increases also include: - Microelectronics: net profit up 815.36% to 5.21 million, operating revenue up 25.51% to 41.32 million [1] - Zhengzhou Coal: net profit up 783.88% to 282.66 million, operating revenue down by 2.74% to 420.49 million [1] - The report highlights a mix of performance across various sectors, indicating diverse trends in profitability and revenue growth among the listed companies [1][2]

Core Insights - The A-share listed securities firms are experiencing a significant recovery in 2024, driven by a series of favorable policies and a rebound in market trading activity [1][2][4] - Major securities firms reported impressive results, with many achieving year-on-year growth in both revenue and net profit [1][2] Industry Performance - In 2024, the overall revenue of 150 securities companies reached 4,511.69 billion yuan, with a net profit of 1,672.57 billion yuan, reflecting year-on-year growth of 11.2% and 21.3% respectively [2] - The self-operated business has become a crucial growth driver, with the industry generating 1,740.7 billion yuan in self-operated income, a 43% increase year-on-year [2][3] Company Highlights - CITIC Securities achieved a revenue of 63.789 billion yuan, up 6.2%, and a net profit of 21.704 billion yuan, up 10.06% [1] - Huatai Securities, Guotai Junan, and other major firms also reported significant revenue and profit growth, with Huatai Securities achieving a revenue of 41.466 billion yuan, up 13.37% [1] - Smaller firms like Hualin Securities and Hongta Securities showed remarkable performance, with Hualin's revenue growing over 41% and net profit increasing approximately 1015% [2] Business Segments - Brokerage and wealth management businesses are showing signs of recovery, with over 90% of the nearly 30 listed securities firms reporting positive growth in brokerage revenue [3] - The investment banking sector remains under pressure, primarily due to a slowdown in IPO activities [3] Future Outlook - The recovery in the securities industry is expected to continue into 2025, with anticipated increases in stock trading volume, financing balances, and equity fund issuance [4] - The trend towards higher asset returns and valuations for securities firms is expected to persist, supported by ongoing capital market reforms and consolidation among quality firms [4]

Core Viewpoint - Huayin Securities has received a regulatory penalty due to multiple violations in its investment banking operations, highlighting issues in due diligence, quality control, and internal review processes [1][2]. Regulatory Actions - The China Securities Regulatory Commission (CSRC) has imposed administrative measures on Huayin Securities, including regulatory talks with the responsible executives, due to insufficient due diligence and non-compliance with internal control guidelines [2][3]. - The company is required to conduct a thorough investigation and rectify the identified issues, establish strict internal control systems, and submit a written accountability report to the Tibet Securities Regulatory Bureau [1][2]. Previous Violations - This penalty marks the fifth regulatory action against Huayin Securities in the past two years, indicating a pattern of compliance issues [3]. - Previous penalties included a suspension of new private asset management product filings and warnings related to various operational deficiencies, such as inaccurate risk control reporting and inadequate management of investment products [3][4]. Financial Performance - In 2024, Huayin Securities reported a revenue of 1.435 billion yuan, a year-on-year increase of 41.35%, and a net profit of 353 million yuan, reflecting a significant growth of 1014.54% [5]. - However, the investment banking segment was a drag on the overall performance, with revenues from this sector dropping to approximately 16.82 million yuan, a substantial decline of 83.77% year-on-year due to tightened IPO and refinancing conditions [5].

（一）股东大会届次：2024年年度股东大会 （二）召集人：公司董事会 登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：002945 证券简称：华林证券 公告编号：2025-020 华林证券股份有限公司关于召开2024年年度股东大会的通知 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。 华林证券股份有限公司（以下简称"公司"）第三届董事会第二十四次会议审议通过《关于授权召开公司 2024年年度股东大会的议案》，同意授权公司董事长择机确定2024年年度股东大会的具体召开时间和地 点，由公司董事会秘书安排向公司股东发出召开2024年年度股东大会的通知。根据相关授权，现董事长 决定召开公司2024年年度股东大会（以下简称"本次会议"），现将本次会议有关事项通知如下： 一、召开会议基本情况 （三）会议召开的合法、合规性：公司于2025年3月27日召开第三届董事会第二十四次会议，根据会议 决定，同意授权公司董事长择机确定2024年年度股东大会的具体召开时间和地点，由公司董事会秘书安 排向公司股东发出召开2024年年度股东大会的通知或相关文件。现董事长决定于 ...