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） 業績說明會後，投資者可登陸上證路演中心網站( http://roadshow.sseinfo.com )查看 業績說明會的召開情況及主要內容。 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 2025年10月24日 於本公告日期，本公司執行董事為王晟先生（董事長）及薛軍先生（副董事長及總 裁）；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。 自願性公告 召開2025年第三季度業績說明會 中國銀河證券股份有限公司（「本公司」）將於2025年10月30日在香港交易及結算 所有限公司「披露易」網站( www.hkexnews.hk )公佈本公司2025年第三季度業績。 為了便於廣大投資者更全面深入地瞭解本公司2025年第三季度經營成果和財務 ...

证券代码：601881 证券简称：中国银河 公告编号：2025-095 中国银河证券股份有限公司（以下简称"本公司"）于 2025 年 7 月 16 日 成功发行了中国银河证券股份有限公司 2025 年度第十五期短期融资券（以下 简称"本期短期融资券"），本期短期融资券发行额为人民币 40 亿元，票面 利率为 1.59%，短期融资券期限为 99 天，兑付日期为 2025 年 10 月 23 日。（详 见本公司于 2025 年 7 月 17 日刊登于上海证券交易所网站（www.sse.com.cn） 的《中国银河证券股份有限公司 2025 年度第十五期短期融资券发行结果公告》）。 2025 年 10 月 23 日，本公司兑付了本期短期融资券本息共计人民币 4,017,250,410.96 元。 特此公告。 2025 年 10 月 25 日 中国银河证券股份有限公司 2025年度第十五期短期融资券兑付完成的公告 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、准确性和完整性承担个别及连带 责任。 中国银河证券股份有限公司董事会 ...

中国银河证券股份有限公司 证券代码：601881 证券简称：中国银河 公告编号：2025-096 关于召开 2025 年第三季度业绩说明会的公告 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、准确性和完整性承担个别及 连带责任。 重要内容提示： （网址：https://roadshow.sseinfo.com/） 会议召开方式：上证路演中心网络互动 投资者可于 2025 年 10 月 28 日（星期二）至 2025 年 11 月 3 日（星 期一）16:00 前登录上证路演中心网站首页点击"提问预征集"栏目或通 过 中 国 银 河 证 券 股 份 有 限 公 司 （ 以 下 简 称 " 公 司 "） 邮 箱 zgyh@chinastock.com.cn 进行提问。公司将在说明会上对投资者普遍关注 的问题进行回答。 公司将于 2025 年 10 月 31 日发布公司 2025 年第三季度报告，为便于广大 投资者更全面深入地了解公司 2025 年第三季度经营成果、财务状况，公司计划 于 2025 年 11 月 4 日下午 15:00-16:00 举行 202 ...

Group 1 - The core viewpoint of the article is that China Galaxy has given a "recommended" rating to Dongshan Precision (002384.SZ) based on its stable revenue growth and ongoing merger and acquisition activities [1] - Dongshan Precision's revenue has shown steady growth, although the net profit attributable to the parent company in Q3 was affected by mergers, acquisitions, and the launch of new factories [1] - The company is progressing smoothly with its merger and acquisition activities and is planning to issue H-shares for listing [1] Group 2 - The article highlights the booming secondary market for biomedicine, with overseas licensing deals in the sector reaching $80 billion this year [1] - There is a contrast noted between the hot secondary market and the cooling fundraising environment in the primary market for biomedicine [1]

| 表格序號 | 大股東/董事/最高行政人員名 作出披露的 買入 / 費出或涉及的 每股的平均價 | | | | 持有權益的股份數目 佔已發行的 有關事件的日期 | | | --- | --- | --- | --- | --- | --- | --- | | | 2 股份數目 | 原因 | | | (請參閱上述*註 | 有投票權股 (日 / 月 / 年) | | | | | | | | 份自分比 | | | | | | | | ( 96 ) | | CS20251022E00475 | 易方达基金管理有限公司 | 1101(L) | 3,800,500(L | HKD 11.2640 | 372,072,220(L) | 10.08(L) 17/10/2025 | 增持后，易方达基金管理有限公司最新持股数目为372,072,220股，持股比例由9.98%上升至10.08%。 | 股份代號: | 06881 | | --- | --- | | 上市法國名稱: | 中國銀河証券股份有限公司 - H股 | | 日期 (日 / 月 / 年): | 24/09/2025 - 24/10/2025 | 格隆汇10月24 ...

Core Viewpoint - China's green development policies have been continuously improved, deepened, and refined from the "12th Five-Year Plan" to the "14th Five-Year Plan," showing a progressive trend. Looking ahead to the "15th Five-Year Plan," sustainable industries such as marine economy, urban renewal, green transformation with low-carbon industries, technological independence, mineral resources, and circular economy are expected to become key focus areas for building a new pattern of high-quality development [1] Group 1 - The green development policies in China have evolved significantly over the past five years, indicating a structured approach to sustainability [1] - The upcoming "15th Five-Year Plan" is anticipated to emphasize sustainable industries, which include marine economy and urban renewal [1] - Key areas of focus for future development will include green transformation, low-carbon industries, and technological independence [1]

Group 1 - The core viewpoint is that China's green development policies have been continuously improved and refined from the "12th Five-Year Plan" to the "14th Five-Year Plan," showing a progressive trend [1] - Looking ahead to the "15th Five-Year Plan," key focus areas may include marine economy, urban renewal, green transformation and low-carbon industries, technological independence, mineral resources, and circular economy, which are expected to contribute to the construction of a new high-quality development pattern [1]

Core Insights - The forum hosted by China Galaxy Securities focused on investment opportunities and risk management in the commodity market amidst global industrial chain adjustments and green low-carbon transitions [1][2] Group 1: Market Dynamics - The complexity of the commodity market has increased significantly this year due to macroeconomic conditions and geopolitical factors [2] - Commodities serve as a fundamental support for the real economy, playing crucial roles in price discovery, resource allocation, and risk management [2] - The current global economic landscape is on the brink of a technological transformation led by artificial intelligence, necessitating urgent economic upgrades in China [3] Group 2: Business Model Transformation - China Galaxy Securities aims to transition from a traditional channel service provider to a comprehensive ecosystem service provider in the commodity sector [3][4] - The company is leveraging its research capabilities, risk management tools, and cross-border service efficiency to navigate the complex market environment [2][3] Group 3: Investment Strategies - A multi-dimensional approach is recommended for analyzing commodity prices, considering supply-demand fundamentals, financial attributes, inventory cycles, and macro liquidity [4] - In the current market, a hedging strategy focusing on strong short positions may be more effective than single-direction trend trading [4] Group 4: Sector-Specific Insights - The coal market is supported by effective production regulation and low transportation costs, with demand expected to grow at an annual rate of 5%-6% in China [6] - The oil market is experiencing a tightening supply of heavy crude oil, with geopolitical tensions continuing to create friction costs in trade [6] Group 5: Future Directions - China Galaxy Securities plans to enhance its role as a financial and industrial connector, supporting traditional industries and emerging sectors like new energy and materials [7] - The company is committed to digital transformation to improve trading efficiency and risk management in the commodity business [7]

Core Insights - The forum hosted by China Galaxy Securities focused on investment opportunities and risk management in the commodity market amidst global industrial chain adjustments and green low-carbon transitions [1][2] Group 1: Market Dynamics - The complexity of the commodity market has increased significantly this year due to macroeconomic conditions and geopolitical factors [2] - Commodities serve as a critical foundation for the real economy, reflecting economic conditions and supporting stable industrial operations [2][3] - The current phase of the commodity market is driven by macro debt cycles, global geopolitical situations, industrial policies, and energy transitions [6] Group 2: Strategic Insights - China Galaxy Securities aims to become a trusted "full-chain service provider" for institutional clients, integrating traditional financial services with deep involvement in the commodity sector [2][3] - The company is focusing on transforming from a traditional channel service provider to a full-chain ecological service provider in the commodity field [3][4] Group 3: Investment Strategies - Experts suggest that in the current market environment, a hedging strategy may be more effective than a single-direction trend trading approach [4] - The analysis of the coal market indicates strong support for domestic coal prices due to effective production regulation and low transportation costs [6] - In the oil and refined products market, there is a notable contrast between rising refining profits and declining chemical profits, with tight supply expected for gasoline and diesel [7] Group 4: Future Directions - China Galaxy Securities plans to enhance its role as a hub connecting finance and industry, supporting traditional industries while promoting strategic emerging industries [7] - The company is committed to digital transformation to improve trading efficiency and risk management capabilities in the commodity business [7]

Group 1 - The company announced the exercise of the redemption option for the "20 Yinhe Y1" perpetual subordinated bonds, indicating a full redemption of these bonds [3] - The "20 Yinhe Y1" bonds were issued on November 24, 2020, and the issuer has the right to redeem them at face value plus accrued interest on the fifth interest payment date and thereafter [2] - The company will ensure proper information disclosure and repayment of principal and interest related to the "20 Yinhe Y1" bonds [4] Group 2 - The company completed the issuance of the 25th short-term financing bond for the year 2025 on October 21, 2025, with relevant issuance details published on various financial websites [6]