| 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因 公告全部或任何部份內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 | | | --- | --- | | 股票發行人現金股息公告 | | | 發行人名稱 | 中國銀河證券股份有限公司 | | 股份代號 | 06881 | | 多櫃檯股份代號及貨幣 | 不適用 | | 相關股份代號及名稱 | 不適用 | | 公告標題 | 截至2025年12月31日止年度之末期股息 | | 公告日期 | 2026年3月30日 | | 公告狀態 | 新公告 | | 股息信息 | | | 股息類型 | 末期 | | 股息性質 | 普通股息 | | 財政年末 | 2025年12月31日 | | 宣派股息的報告期末 | 2025年12月31日 | | 宣派股息 | 每 10 股 2.25 RMB | | 股東批准日期 | 有待公佈 | | 香港過戶登記處相關信息 | | | 派息金額及公司預設派發貨幣 | HKD， 金額有待公佈 | | 匯率 | 有待公佈 | | 除淨日 | 有待公佈 | | ...

Dividend Distribution - The company plans to distribute a cash dividend of RMB 2,460,240,507.60 (including tax), which translates to RMB 2.25 per share based on a total share capital of 10,934,402,256 shares as of the end of 2025[5]. - The total expected cash dividend for the year 2025 is RMB 3,827,040,789.60 (including tax), combining the proposed annual and mid-year dividends[5]. - The company’s mid-year cash dividend for 2025 was RMB 1,366,800,282.00, amounting to RMB 1.25 per share[5]. Financial Performance - Total revenue for 2025 reached RMB 38,337,862 thousand, a 12.60% increase compared to RMB 34,047,951 thousand in 2024[40]. - Total expenses amounted to RMB 23,944,594 thousand, reflecting a 1.78% increase from RMB 23,525,561 thousand in the previous year[40]. - Profit before tax was RMB 14,413,178 thousand, marking a significant 37.03% increase from RMB 10,518,630 thousand in 2024[40]. - Net profit attributable to shareholders was RMB 12,519,719 thousand, up 24.81% from RMB 10,030,838 thousand in 2024[40]. - Basic earnings per share for 2025 was RMB 1.03, representing a 27.16% increase from RMB 0.81 in 2024[41]. Assets and Liabilities - Total assets increased by 16.04% to RMB 855,744,927 thousand from RMB 737,470,691 thousand in 2024[43]. - Total liabilities rose by 18.59% to RMB 707,948,510 thousand compared to RMB 596,971,247 thousand in the previous year[43]. - The equity attributable to shareholders increased by 5.20% to RMB 147,780,143 thousand from RMB 140,480,735 thousand in 2024[43]. - The debt-to-asset ratio was 76.65%, an increase of 1.22 percentage points from 75.43% in 2024[40]. Risk Management - The company has established a comprehensive risk control system to manage operational, market, credit, and liquidity risks, focusing on innovative business and product risk management[4]. - The company is exposed to various risks, including legal and compliance risks due to regulatory changes, strategic risks from market fluctuations, and operational risks from business model transformations[5]. - The company does not face any non-operational fund occupation by controlling shareholders or related parties[5]. Business Operations - The company operates in various sectors including securities business, public securities investment fund sales, and insurance agency services, among others[17]. - The company has established a comprehensive governance structure in compliance with relevant laws and regulations, enhancing operational efficiency[28]. - The company has a strategic focus on expanding its wealth management and investment banking services through its subsidiaries[29]. Subsidiaries and Market Presence - The company operates 37 subsidiaries across various regions in China, enhancing its market presence[33]. - The subsidiaries include major cities such as Shenzhen, Beijing, and Shanghai, which are critical for business operations[35]. - The company directly controls 1 overseas wholly-owned subsidiary and 4 domestic wholly-owned subsidiaries, with total registered capital of RMB 45 billion for Galaxy Futures and RMB 15 billion for Galaxy Innovation Capital[32]. Investment and Financing - The company aims to enhance its integrated financial services model, focusing on wealth management, investment banking, institutional business, international business, and investment trading[60]. - The company’s long-term equity investments increased by 56.47% to RMB 470 million, reflecting growth in joint venture investments[69]. - The company’s bond underwriting scale reached RMB 682.575 billion, a year-on-year increase of 37.3%, ranking 6th in the industry[88]. Awards and Recognition - The company received multiple awards in 2025, including the "All-round Wealth Brokerage" award and recognition for its wealth management team and financial technology initiatives[78]. - The company was awarded multiple accolades in 2025, including "Best Global Coordinator for Hong Kong IPOs" and "Outstanding Underwriter" in various industry awards[101]. Technology and Innovation - The AI-driven trading system has improved computational efficiency by 20% and response efficiency by 40% across multiple business scenarios[117]. - The company’s AI-based bond inquiry pricing robot was recognized as an innovative practice in financial technology by the China Securities Regulatory Commission[111]. Customer Base and Market Trends - The company's total customer base surpassed 19.3 million by the end of 2025, benefiting from a strong customer foundation that supports significant potential for synergistic growth across various business lines[78]. - The A-share market showed significant structural bull market characteristics, with the Shanghai Composite Index rising by 18.4% and the ChiNext Index rising by 49.6% in 2025[105].

Core Viewpoint - China Galaxy Securities reported a strong performance in 2025, with significant growth in revenue and net profit, driven by various business segments and strategic expansions in both domestic and international markets [1][2][3] Group 1: Financial Performance - The company achieved an operating revenue of approximately 28.302 billion yuan, representing a year-on-year increase of 24.34% [1] - Net profit attributable to shareholders was around 12.52 billion yuan, with a year-on-year growth of 24.81% [1] - Basic earnings per share stood at 1.03 yuan, with a proposed cash dividend of 2.25 yuan per 10 shares (tax included) [1] - The weighted average return on equity was 9.84%, an increase of 1.54 percentage points year-on-year [1] Group 2: Revenue Growth Drivers - Net interest income increased by 16.48% compared to 2024, primarily due to higher interest income from lent funds and reduced financing interest expenses [1] - Net commission and fee income rose by 41.35%, mainly driven by increased brokerage fee income [1] - Investment income and fair value changes increased by 15.81%, attributed to higher investment gains from financial instrument disposals [1] - Other income decreased by 30.06%, mainly due to reduced government subsidy income [1] - Exchange gains increased, influenced by currency fluctuations [1] - Asset disposal gains surged by 208.70%, primarily from increased non-current asset disposal gains [1] Group 3: Market Expansion and Client Base - The company has established 37 branches and 458 business units across 31 provinces, autonomous regions, and municipalities in China, enabling close service to diverse client needs [2] - Benefiting from the "Belt and Road" initiative, the company expanded its international business network to Southeast Asia, covering countries like Singapore, Malaysia, Indonesia, Thailand, and South Korea [2] - The total number of clients surpassed 19.3 million, indicating significant growth potential through synergies across various business lines [2] Group 4: Wealth Management Strategy - The company is committed to transforming its wealth management business, focusing on creating multi-dimensional service value and enhancing investor experience [3] - The strategy emphasizes a standardized and personalized client service system, aiming to build a closed-loop operation for client acquisition, retention, and engagement [3] - Continuous optimization of product, advisory, and branch structures is underway to enhance comprehensive service capabilities and establish a robust business value system [3] - The company aims to develop a cross-border integrated wealth management ecosystem, reinforcing investor education and protecting their rights [3]

Core Viewpoint - China Galaxy Securities reported a strong performance in 2025, with significant growth in revenue and net profit, driven by various business segments and strategic expansions in both domestic and international markets [1][2][3] Group 1: Financial Performance - The company's operating revenue for 2025 was approximately 28.302 billion yuan, representing a year-on-year increase of 24.34% [1] - Net profit attributable to shareholders was around 12.52 billion yuan, with a year-on-year growth of 24.81% [1] - Basic earnings per share were 1.03 yuan, and the company proposed a cash dividend of 2.25 yuan per 10 shares (tax included) [1] - The weighted average return on equity was 9.84%, an increase of 1.54 percentage points year-on-year [1] Group 2: Revenue Growth Drivers - Net interest income increased by 16.48% compared to 2024, primarily due to higher interest income from lending and reduced financing interest expenses [1] - Net commission and fee income rose by 41.35%, mainly driven by increased brokerage fee income [1] - Investment income and fair value changes increased by 15.81%, attributed to higher investment gains from the disposal of financial instruments [1] - Other income decreased by 30.06%, mainly due to reduced government subsidy income [1] - Exchange gains increased, influenced by currency fluctuations [1] - Asset disposal gains surged by 208.70%, primarily from increased non-current asset disposal gains [1] Group 3: Market Expansion and Client Base - The company has established 37 branches and 458 business offices across 31 provinces, autonomous regions, and municipalities in China, enabling close service to various client needs [2] - Benefiting from the "Belt and Road" initiative, the company expanded its international business network to Southeast Asia, covering Singapore, Malaysia, Indonesia, Thailand, and South Korea [2] - The total number of clients exceeded 19.3 million, indicating significant growth potential through synergies across various business lines [2] Group 4: Wealth Management Strategy - The company is committed to transforming its wealth management business, focusing on creating multi-dimensional service value and enhancing investor satisfaction [3] - The strategy emphasizes a standardized and personalized client service system, aiming to build a closed-loop operation for client acquisition, retention, and engagement [3] - Continuous optimization of product, advisory, and branch structures is underway to enhance the comprehensive service ecosystem [3] - The company aims to develop a cross-border integrated wealth management model and strengthen investor education and protection [3]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部分內容而產生或因依 賴該等內容而引致之任何損失承擔任何責任。 （在中華人民共和國註冊成立之股份有限公司） （股份代號：06881） 海外監管公告 本公告乃由中國銀河證券股份有限公司（「本公司」）根據香港聯合交易所有限公司 證券上市規則第13.10B條作出。 茲載列本公司於上海證券交易所網站發佈之《中國銀河證券股份有限公司2025年 度財務報表及審計報告》《中國銀河證券股份有限公司2025年度內部控制審計報 告》《中國銀河證券股份有限公司2025年度內部控制評價報告》《關於中國銀河證 券股份有限公司非經營性資金佔用及其他關聯資金往來情況的專項說明》《中國 銀河證券股份有限公司對會計師事務所履職情況評估報告》《中國銀河證券股份 有限公司董事會審計委員會對會計師事務所2025年度履職情況評估及履行監督職 責情況的報告》《中國銀河證券股份有限公司董事會審計委員會2025年度履職報 告》《中國銀河證券股份有限公司董事會對獨立董事獨立性自查情況的專項意見》 《中國銀河證券股份 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部分內容而產生或因依 賴該等內容而引致之任何損失承擔任何責任。 （在中華人民共和國註冊成立之股份有限公司） （股份代號：06881） 海外監管公告 本公告乃由中國銀河證券股份有限公司（「本公司」）根據香港聯合交易所有限公司 證券上市規則第13.10B條作出。 茲載列本公司於上海證券交易所網站發佈之《中國銀河證券股份有限公司2025年 度可持續發展暨ESG報告摘要》，僅供參閱。 承董事會命 中国银河证券股份有限公司 2025 年度可持续发展暨 ESG 报告摘要 证券代码：601881 证券简称：中国银河 中国银河证券股份有限公司 2025 年度可持续发展暨 ESG 报告摘要 1 / 8 中国银河证券股份有限公司 2025 年度可持续发展暨 ESG 报告摘要 中國銀河證券股份有限公司 王晟 董事長及執行董事 中國北京 2026年3月30日 於本公告日期，本公司執行董事為王晟先生（董事長）、薛軍先生（副董事長及總 裁）及屈艷萍女士；非執行董事為楊體軍先生、李慧女士、黃焱女 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部分內容而產生或因依 賴該等內容而引致之任何損失承擔任何責任。 （在中華人民共和國註冊成立之股份有限公司） （股份代號：06881） 海外監管公告 本公告乃由中國銀河證券股份有限公司（「本公司」）根據香港聯合交易所有限公司 證券上市規則第13.10B條作出。 茲載列本公司於上海證券交易所網站發佈之《中國銀河證券股份有限公司2025年 年度報告摘要》，僅供參閱。 承董事會命 中國銀河證券股份有限公司 王晟 董事長及執行董事 中國北京 2026年3月30日 於本公告日期，本公司執行董事為王晟先生（董事長）、薛軍先生（副董事長及總 裁）及屈艷萍女士；非執行董事為楊體軍先生、李慧女士、黃焱女士及宋衛剛先 生；以及獨立非執行董事為羅卓堅先生、劉力先生、麻志明先生及范小雲女士。 中国银河证券股份有限公司 2025 年年度报告摘要 公司代码：601881 公司简称：中国银河 中国银河证券股份有限公司 2025 年年度报告摘要 1 1、 本年度报告摘要来自年度报告全文，为全面了解本 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部分內容而產生或因依 賴該等內容而引致之任何損失承擔任何責任。 （在中華人民共和國註冊成立之股份有限公司） （股份代號：06881） 海外監管公告 本公告乃由中國銀河證券股份有限公司（「本公司」）根據香港聯合交易所有限公司 證券上市規則第13.10B條作出。 茲載列本公司於上海證券交易所網站發佈之《中國銀河證券股份有限公司2025年 度報告》，僅供參閱。 承董事會命 中國銀河證券股份有限公司 王晟 董事長及執行董事 中國北京 2026年3月30日 於本公告日期，本公司執行董事為王晟先生（董事長）、薛軍先生（副董事長及總 裁）及屈艷萍女士；非執行董事為楊體軍先生、李慧女士、黃焱女士及宋衛剛先 生；以及獨立非執行董事為羅卓堅先生、劉力先生、麻志明先生及范小雲女士。 重要提示 一、本公司董事会及董事、高级管理人员保证年度报告内容的真实、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。 二、公司全体董事出席董事会会议。 三、本公司按照中国企业 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部分內容而產生或因依 賴該等內容而引致之任何損失承擔任何責任。 中國銀河證券股份有限公司 王晟 （在中華人民共和國註冊成立之股份有限公司） 董事長及執行董事 （股份代號：06881） 海外監管公告 本公告乃由中國銀河證券股份有限公司（「本公司」）根據香港聯合交易所有限公司 證券上市規則第13.10B條作出。 茲載列本公司於上海證券交易所網站發佈之《中國銀河證券股份有限公司關於續 聘會計師事務所的公告》，僅供參閱。 承董事會命 於本公告日期，本公司執行董事為王晟先生（董事長）、薛軍先生（副董事長及總 裁）及屈艷萍女士；非執行董事為楊體軍先生、李慧女士、黃焱女士及宋衛剛先 生；以及獨立非執行董事為羅卓堅先生、劉力先生、麻志明先生及范小雲女士。 证券代码：601881 证券简称：中国银河 公告编号：2026-032 中国银河证券股份有限公司 关于续聘会计师事务所的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导 性陈述或者重大遗漏，并对其内容的真实性、准 ...

Core Insights - In 2025, China Galaxy Securities achieved an operating income of 28.302 billion yuan, representing a year-on-year growth of 24.34% [1] - The net profit attributable to shareholders reached 12.520 billion yuan, marking a 24.81% increase and the highest level since the company's establishment [1] - Total assets rose to 855.745 billion yuan, an increase of 16.04% compared to the end of 2024, maintaining a strong position within the top five in the industry [1] Business Performance - Wealth management business generated an operating income of 13.472 billion yuan, up 28.36% year-on-year [1] - Investment banking business reported an operating income of 0.585 billion yuan, reflecting a growth of 22.18% [1] - Institutional business saw a remarkable increase in operating income to 1.740 billion yuan, a growth of 508.20% [1] - International business achieved an operating income of 2.569 billion yuan, with an 18.23% increase [1] - Investment trading business recorded an operating income of 7.026 billion yuan, growing by 10.76% [1] - Integrated business of parent and subsidiary companies generated an operating income of 2.767 billion yuan, up 11.16% [1]