Core Viewpoint - Citigroup's report indicates that HSBC Holdings achieved a pre-tax profit of $9.2 billion in Q2, exceeding market consensus by 10% [1] Financial Performance - HSBC's revenue was 5% higher than expected, with net interest income exceeding expectations by 2% and non-interest income by 13% [1] - The reported pre-tax profit of $6.3 billion was 9% lower than market consensus, primarily due to a $2 billion impairment charge from Hang Seng Bank [1] - Impairment losses reached $1.1 billion, which was 12% worse than market consensus, including $400 million related to Hong Kong commercial real estate [1] Capital and Dividends - As of June 30, HSBC's Common Equity Tier 1 (CET1) capital ratio was 14.6%, a decrease of 10 basis points quarter-on-quarter, but in line with market consensus [1] - The quarterly dividend and buyback plan remain unchanged at $0.10 per share and $3 billion, respectively [1] Guidance and Outlook - HSBC maintains its full-year guidance for 2025, including net interest income of approximately $42 billion and an adjusted cost growth rate of 3%, implying costs of about $33.3 billion [2] - The loan loss ratio guidance has been slightly adjusted upwards, with a forecast of around 40 basis points [2] - Despite concerns regarding the return on tangible equity (RoTE) guidance, HSBC's adjusted RoTE for the first half of 2025 reached 18.2%, suggesting the bank can comfortably meet its target range of 14-16% [2]

Company Overview - Liaoning Shuguang Automobile Group Co., Ltd. was established on March 2, 1993, and is listed on the Shanghai Stock Exchange with the stock code 600303 [1] - The company has a total issued share capital of 683.604211 million shares as of December 31, 2024 [1] - The controlling shareholder is Beijing Weizi West Consulting Management Center (Limited Partnership), with actual controllers being Quan Wei and Liang Zi [1] Business Activities - The company operates in the automotive manufacturing industry, focusing on the research and development, manufacturing, wholesale, and retail of automotive parts and components [1] - Main products and services include passenger cars, buses, pickups, special vehicles, and automotive retail business [1] Financial Reporting - The financial statements have been prepared in accordance with the accounting standards issued by the Ministry of Finance and relevant regulations [1] - The financial statements were approved by the board of directors on April 10, 2025, and will be submitted for shareholder review [1] Consolidation Scope - The company has included 28 subsidiaries in its consolidated financial statements for the current period, an increase of 4 compared to the previous period [1] Accounting Policies - The company adheres to the accrual basis of accounting and uses historical cost as the measurement basis, except for certain financial instruments measured at fair value [1][2] - The company evaluates its ability to continue as a going concern and has not identified any significant doubts regarding its ongoing viability [1] Financial Instruments - Financial assets and liabilities are recognized when the company becomes a party to the financial instrument contract [18] - The company classifies financial assets into three categories: measured at amortized cost, measured at fair value with changes recognized in other comprehensive income, and measured at fair value with changes recognized in profit or loss [17][18] Joint Arrangements - The company classifies joint arrangements into joint operations and joint ventures based on the structure and contractual terms [12] - In joint operations, the company recognizes its share of assets, liabilities, income, and expenses [12]

Core Viewpoint - The company, Fangzheng Securities, has undergone an audit of its 2024 financial statements, revealing significant details about its financial asset investments and the associated risks and losses incurred during the year [1][2]. Financial Performance - As of the end of 2024, the total financial investments held by the company amounted to 113.664 billion yuan, representing a year-on-year decrease of 13.91% [2][4]. - The company reported a net investment income and fair value change of 1.939 billion yuan, an increase of 22.49% compared to the previous year [4][9]. - The fair value losses from trading financial assets amounted to 649 million yuan, while losses from derivative financial instruments totaled 1.475 billion yuan [2][4]. Financial Asset Details - The breakdown of financial investments includes trading financial assets, other debt investments, equity investments, and derivative financial assets, with a total initial cost of 111.738 billion yuan [5][6]. - Specific asset categories include perpetual bonds (10.782 billion yuan), government bonds (25.190 billion yuan), and corporate bonds (2.408 billion yuan) [5][6]. Investment Losses - The company experienced significant losses in its financial asset investments, with a notable decline in the valuation of non-listed equity investments, which decreased by 1.003 billion yuan due to market conditions [9][10]. - The losses from derivative financial instruments were primarily attributed to hedging strategies that resulted in losses when the market rose [10][12]. Risk Management - The company has established a warning and tracking disposal team to manage assets with overdue or default situations, ensuring regular reviews of asset disposal processes [12][16]. - As of the end of the reporting period, there were nine financial products with overdue or default situations, with an initial cost of 475 million yuan and cumulative impairment of 405 million yuan [12][16]. Regulatory Compliance - The audit conducted by Ernst & Young confirmed that the financial statements of Fangzheng Securities complied with the relevant accounting standards, ensuring that the financial asset investments were accurately reported [13][14].

Core Viewpoint - The company has disclosed its first quarter report for 2025, ensuring the accuracy and completeness of the financial information, and has announced a provision for asset impairment totaling 7.0171 million yuan, reflecting its financial status as of March 31, 2025 [3][15][34]. Financial Data Summary - The company will distribute cash dividends of 3.33 yuan per 10 shares, totaling 37.74888 million yuan, and will increase its total share capital by 4 shares for every 10 shares held, resulting in a new total of 158.704 million shares [3]. - The company has made adjustments to its financial statements due to the new accounting standards, impacting the operating costs and sales expenses by 264,971.43 yuan [6]. - The total amount of impairment provisions for the first quarter of 2025 is 7.0171 million yuan, which includes 1.1259 million yuan for credit impairment losses and 5.8912 million yuan for inventory impairment losses [16][34]. Shareholder Information - The company has confirmed that there are no changes in the major shareholders or the number of shareholders holding more than 5% of the shares [7]. Meeting Resolutions - The third board meeting and the fourth supervisory meeting of the company were held on April 28, 2025, where the first quarter report and the asset impairment provision were approved unanimously [10][51]. - The board and supervisory committee have confirmed that the impairment provision is in compliance with accounting standards and accurately reflects the company's financial condition [40][38]. Investor Communication - The company will hold an online performance briefing on May 9, 2025, to enhance communication with investors and address their concerns [42][45].

（ 於 中 華 人 民 共 和 國 註 冊 成 立 的 股 份 有 限 公 司 ） (A joint stock company incorporated in the People's Republic of China with limited liability) （股份代號：939） 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。 2025年3月28日 於本公告日期，本行的執行董事為張金良先生、張毅先生和紀志宏先生，本行的 非執行董事為田博先生、夏陽先生、劉芳女士和李璐女士，本行的獨立非執行 董事為格雷姆 • 惠勒先生、米歇爾 • 馬德蘭先生、威廉 • 科恩先生、梁錦松先生、 詹誠信勛爵和林志軍先生。 中国建设银行股份有限公司 截至2024年12月31日止年度 财务报表 按中国会计准则编制 截至2024年12月31日止年度財務報表按中國會計準則編製 本公告乃根據《香港聯合交易所有限公司證券上市規則》第13.10B條刊登。茲載列 該公告（於上海 ...

中兴通讯股份有限公司 已审财务报表 2024年12月31日 中兴通讯股份有限公司 目 录 | | | 页 次 | | --- | --- | --- | | 一、 | 审计报告 | 1-7 | | 二、 | 已审财务报表 | | | | 合并资产负债表 | 8-10 | | | 合并利润表 | 11-12 | | | 合并股东权益变动表 | 13-14 | | | 合并现金流量表 | 15-16 | | | 公司资产负债表 | 17-18 | | | 公司利润表 | 19-20 | | | 公司股东权益变动表 | 21-22 | | | 公司现金流量表 | 23-24 | | | 财务报表附注 | 25-162 | | | 补充资料 | | | | 1.非经常性损益明细表 | 163 | | | 2.净资产收益率和每股收益 | 164 | 审计报告 安永华明（2025）审字第70007912_H01号 中兴通讯股份有限公司 中兴通讯股份有限公司全体股东： 一、审计意见 我们审计了中兴通讯股份有限公司的财务报表，包括2024年12月31日的合并及公司资产负 债表，2024年度的合并及公司利润表、股东权益变动表和 ...

新疆塔里木农业综合开发股份有限公司 审 计 报 告 大信审字[2025]第 12-00001 号 大信会计师事务所（特殊普通合伙） WUYIGE CERTIFIED PUBLIC ACCOUNTANTS LLP. 邮编 100083 网址 Internet： www.daxincpa.com.cn 大信会计师事务所 北京市海淀区知春路 1 号 学院国际大厦 22 层 2206 WUYIGE Certified Public Accountants.LLP Room 2206 22/F,Xueyuan International Tower No.1 Zhichun Road,Haidian Dist. Beijing,China,100083 电话 Telephone：+86（10）82330558 传真 Fax： +86（10）82327668 审计报告 大信审字[2025]第 12-00001 号 新疆塔里木农业综合开发股份有限公司全体股东： - 1 - 一、审计意见 我们审计了新疆塔里木农业综合开发股份有限公司（以下简称"贵公司"）的财务报表， 包括 2024 年 12 月 31 日的合并及母公司资产负 ...

广东绿通新能源电动车科技股份 有限公司 计 报 音 官 华兴审字[2022]20000010322 号 华兴会计师事务所(特殊普通合伙) 您可使用手机"扫一扫"或进入"在册会计师行业统一监管平台（http://acc.mof.gov.cn）"进 cc.mof.gov.cn) 报告编码: 闽22WAKBL 会计师事务所(特殊普通合 G CERTIFIED PUBLIC ACCOUN 152号中山大厦B座6-9楼 52 Hudong Road. Fuzhou. Fujian. China 申 法(Tel) -0591-87852574 Http://www.fihxcpa.com 告 it E 华兴审字[2022]20000010322号 广东绿通新能源电动车科技股份有限公司全体股东: 一、审计意见 我们审计了广东绿通新能源电动车科技股份有限公司(以下简称"绿通科技"或"公 司")的财务报表,包括 2019年12月 31日、2020年12月31日、2021年12月 31日和 2022年6月30日的资产负债表, 2019年度、2020年度、2021年度和2022年1-6月的 利润表、现金流量表,股东权益变动表,以及 ...