Capital Securities Co.LTD(SH:601136) Zhong Guo Zheng Quan Bao·2025-11-26 23:38Core Viewpoint - The article emphasizes the importance of integrating cultural construction and social responsibility into the operations of securities companies, aligning with the "14th Five-Year Plan" and the strategic requirements of the China Securities Regulatory Commission to achieve high-quality development in the financial sector [1][2]. Group 1: Strategic Orientation - The company integrates its operational philosophy of "integrity, innovation, people-oriented, and win-win cooperation" into its development practices, focusing on enhancing investor returns and serving the real economy [2][4]. - The company has established a comprehensive cadre education and training system that includes theoretical, ethical, cultural, and professional courses to ensure alignment with national strategies [3]. Group 2: Business Performance - The company's asset management business reached a net asset value of 143.881 billion yuan by the end of 2024, with a year-on-year growth exceeding the industry average [4]. - Investment banking revenue grew by 65.59% year-on-year, with significant achievements in ABS issuance and underwriting, including the first corporate bond issuance on the Beijing Stock Exchange [4]. Group 3: Governance and ESG - The company has developed a governance system that clearly defines responsibilities and enhances operational efficiency, leading to an upgrade in its ESG rating from BBB to A by Wind in June 2025 [5]. - The integration of governance and business operations aims to resolve the disconnect between party building and business activities [3][5]. Group 4: Technological and Green Finance - The company is actively involved in both technological and green finance sectors, supporting strategic emerging industries through bond financing and equity services [6][8]. - The issuance of 22 technology innovation bonds in 2024 and the establishment of a private equity fund focused on carbon neutrality demonstrate the company's commitment to green finance [6][8]. Group 5: Social Responsibility and Investor Returns - The company maintains a cash dividend ratio of over 30% since its listing in 2022, with a total cash dividend amounting to 41.63% of the net profit attributable to shareholders in 2024 [9]. - The company engages in various social responsibility initiatives, including rural revitalization projects and investor education programs, to enhance community development and protect investor rights [10].