Core Viewpoint - The company has released its first quarter report for 2025, ensuring the accuracy and completeness of the financial information presented [2][19][20]. Financial Data - The report indicates that the financial statements for the first quarter of 2025 are unaudited [3][15]. - The company has issued several bonds in 2025, including a perpetual subordinated bond of RMB 3 billion with a fixed interest rate of 2.10% for the first five years [7]. - The company also issued short-term bonds totaling RMB 30 billion with an interest rate of 1.85% and RMB 20 billion with an interest rate of 2.03% [6][7]. Shareholder Information - As of March 31, 2025, the company had a total of 741,154 shareholders, with 741,012 being A-share shareholders [6]. - China CITIC Financial Holdings Limited holds 2,939,832,712 shares, accounting for 19.84% of the total shares [6]. Operational Changes - The company has closed two securities business offices and relocated three others during the reporting period, maintaining a total of 38 branches and 199 securities business offices [10][11]. - CITIC Futures, a wholly-owned subsidiary, has also relocated two of its branches [11]. Legal Matters - The company is involved in a minor lawsuit related to a previous acquisition, with a claim amounting to RMB 1,828,167.34, which is not expected to pose significant risk [12]. Regulatory Actions - The company received a warning from the Shenzhen Securities Regulatory Bureau regarding deficiencies in managing risks associated with margin trading [13]. Performance of Subsidiaries - CITIC Securities' subsidiary, Huaxia Fund, reported a net profit of RMB 56,135.44 million for the first quarter of 2025 [14].

Core Viewpoint - The company, Kent Catalysts, has held its fourth board meeting and made several important decisions regarding financial reports, profit distribution, and the appointment of an auditing firm for the year 2025 [7][8][37]. Financial Reports - The first quarter financial report for 2025 was reviewed and approved by the board, with a unanimous vote of 9 in favor [24][65]. - The company has not conducted an audit for the first quarter financial report [3]. Shareholder Information - The company plans to submit various proposals, including the 2024 annual financial report and profit distribution plan, to the annual shareholder meeting for approval [10][15][60]. Auditing Firm Appointment - The board has proposed to reappoint Lixin Accounting Firm as the auditing agency for 2025, pending approval from the shareholders [37][47]. - Lixin Accounting Firm has a strong background, having been established in 1927 and is a member of the international accounting network BDO [37][38]. Capital Changes - The company plans to change its registered capital from RMB 67.8 million to RMB 90.4 million following a public offering of 22.6 million shares [49]. - The company type will change from "non-listed company" to "listed company" as part of the capital restructuring [50]. Internal Control and Governance - The board has approved the internal control evaluation report for 2024, which will also be submitted to the annual shareholder meeting [16][64]. - The company has established a comprehensive internal control system to ensure the accuracy and completeness of financial information [46].

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） | 0.0197 | 0.0185 | 6.49 | 0.0147 | | 每股净资产（元） | 1.78 | 1.7 | 4.71 | 1.65 | | 每股公积金(元) | 2.42 | 2.42 | 0 | 2.42 | | 每股未分配利润(元) | -1.77 | -1.85 | 4.32 | -1.90 | | 每股经营现金流(元) | - | - | - | - | | 营业收入(亿元) | 1.17 | 1.28 | -8.59 | 1.57 | | 净利润(亿元) | 0.13 | 0.13 | 0 | 0.1 | | 净资产收益率(%) | 1.11 | 1.09 | 1.83 | 0.90 | 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： 42076.26万股，累计占流通股比： 61.84%，较上期变化： 2054.95万股。 | 名称 | 持有数量 ...

Financial Performance - The company reported a basic earnings per share of -0.0100 yuan for Q1 2025, an improvement of 80% compared to -0.0500 yuan in Q1 2024 [1] - The operating revenue for Q1 2025 was 0.83 billion yuan, representing a 31.75% increase from 0.63 billion yuan in Q1 2024 [1] - The net profit for Q1 2025 was -0.01 billion yuan, showing an 80% improvement from -0.05 billion yuan in Q1 2024 [1] - The return on equity for Q1 2025 was -0.10%, a significant improvement from -0.85% in Q1 2024 [1] Shareholder Structure - The top ten unrestricted shareholders hold a total of 49.4475 million shares, accounting for 47.25% of the circulating shares, with a change of 32,700 shares from the previous period [1] - Shandong Kehui Investment Co., Ltd. is the largest shareholder, holding 28.3233 million shares, which is 27.06% of the total share capital [2] - New entrant Shenzhen Huayi Oriental Technology Co., Ltd. holds 0.92 million shares, representing 0.88% of the total share capital [2] Dividend Policy - The company has announced that it will not distribute dividends or transfer shares in the current period [3]

| 名称 | 持有数量(万股) | 占总股本比 | 增减情况 | | --- | --- | --- | --- | | | | 例(%) | (万股) | | 谢应波 | 1623.94 | 9.88 | 不变 | | 张庆 | 754.12 | 4.59 | 不变 | | 张华 | 754.00 | 4.59 | 不变 | | 王靖宇 | 753.93 | 4.58 | 不变 | | 许峰源 | 753.53 | 4.58 | 不变 | | 上海高毅资产管理合伙企业(有限合伙)-高毅邻山1号远望基 金 | 600.00 | 3.65 | 不变 | | 苏州钟鼎五号股权投资基金合伙企业(有限合伙) | 463.20 | 2.82 | 不变 | | 上海创丰昕汇创业投资管理有限公司-天津创丰昕华创业投 | | | | | 资合伙企业(有限合伙) | 375.88 | 2.29 | 不变 | | 中信证券股份有限公司-社保基金17052组合 | 274.31 | 1.67 | 不变 | | 上海科技创业投资股份有限公司 | 238.88 | 1.45 | 不变 | 三、分红送配方案情况 | 报告期指标 | 20 ...

数据四舍五入，查看更多财务数据>> 一、主要会计数据和财务指标 | 报告期指标 | 2024年年报 | 2023年年报 | 本年比上年增减(%) | 2022年年报 | | --- | --- | --- | --- | --- | | 基本每股收益（元） | -0.2200 | -1.3274 | 83.43 | -0.9684 | | 每股净资产（元） | 0.06 | 0.05 | 20 | 1.15 | | 每股公积金(元) | 1.73 | 1.56 | 10.9 | 1.56 | | 每股未分配利润(元) | -2.72 | -2.55 | -6.67 | -1.46 | | 每股经营现金流(元) | - | - | - | - | | 营业收入(亿元) | 3.27 | 2.68 | 22.01 | 3.51 | | 净利润(亿元) | -1.16 | -6.56 | 82.32 | -4.8 | | 净资产收益率(%) | -3510.18 | -219.19 | -1501.43 | -54.79 | | 名称 持有数量(万股) | | 占总股本比例(%) | 增减情况(万股) | | -- ...

前十大流通股东累计持有： 7523.1万股，累计占流通股比： 35.51%，较上期变化： 95.71万股。 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） | 0.0271 | 0.0086 | 215.12 | -0.0475 | | 每股净资产（元） | 3.98 | 3.78 | 5.29 | 3.94 | | 每股公积金(元) | 1.16 | 1.16 | 0 | 1.16 | | 每股未分配利润(元) | 1.29 | 1.11 | 16.22 | 1.25 | | 每股经营现金流(元) | - | - | - | - | | 营业收入(亿元) | 1.43 | 1.57 | -8.92 | 1.39 | | 净利润(亿元) | 0.07 | 0.02 | 250 | -0.12 | | 净资产收益率(%) | 0.68 | 0.23 | 195.65 | -1.20 | 数据四舍五入，查看更多财务数据>> 二、前10名 ...

Financial Performance - The company reported a basic earnings per share of 0.0800 yuan for Q1 2025, a 300% increase compared to 0.0200 yuan in Q1 2024 [1] - Net profit for Q1 2025 reached 1.04 billion yuan, showing a significant increase of 447.37% from 0.19 billion yuan in Q1 2024 [1] - The return on equity (ROE) improved to 2.20% in Q1 2025, up from 0.47% in Q1 2024, marking a 368.09% increase [1] Shareholder Structure - The top ten unrestricted shareholders collectively hold 74,696.93 million shares, accounting for 59% of the circulating shares, with a decrease of 400.27 million shares compared to the previous period [1] - Ningbo Jihong Holding Group Co., Ltd. remains the largest shareholder with 26,925.66 million shares, representing 21.27% of the total share capital [2] - The second-largest shareholder, WING SING INTERNATIONAL CO., LTD., holds 14,688.00 million shares, which is 11.60% of the total [2] Dividend Policy - The company has announced that it will not distribute dividends or transfer shares in this period [3]

一、主要会计数据和财务指标 二、前10名无限售条件股东持股情况 前十大流通股东累计持有： 46299.58万股，累计占流通股比： 49.07%，较上期变化： 13.43万股。 | 名称 | 持有数量(万股) | 占总股本 | 增减情况 | | --- | --- | --- | --- | | | | 比例(%) | (万股) | | 安徽华茂集团有限公司 | 43786.06 | 46.41 | 不变 | | 浙江恒河实业集团有限公司 | 509.05 | 0.54 | 不变 | | 林正德 | 328.84 | 0.35 | -13.03 | | 沈汉江 | 303.38 | 0.32 | 不变 | | 武汉市信德置业投资发展有限公司 | 290.63 | 0.31 | 不变 | | 丁桂飞 | 245.69 | 0.26 | 16.08 | | 中信建投（601066）证券-中国中信金融资产管理股份有限公 | | | | | 司-中信建投-先锋单一资产管理计划 | 223.81 | 0.24 | 新进 | | 沈志径 | 210.62 | 0.22 | 2.85 | | 田菁 | 201.50 | 0. ...

前十大流通股东累计持有： 60248.54万股，累计占流通股比： 32.07%，较上期变化： -108.45万股。 | 名称 | 持有数量(万股) | 占总股本比例(%) | 增减情况(万股) | | --- | --- | --- | --- | | 诸暨市水务集团有限公司 | 52415.80 | 27.91 | 不变 | | 海口慧平广告有限公司 | 1824.09 | 0.97 | 不变 | | 王洪海 | 1243.85 | 0.66 | -68.64 | | 中国包装进出口有限责任公司 | 879.84 | 0.47 | 不变 | | 傅燕萍 | 751.97 | 0.40 | -8.70 | | 邹立英 | 704.32 | 0.37 | 新进 | | 马风兰 | 619.37 | 0.33 | 新进 | | 吴晓旗 | 605.00 | 0.32 | 不变 | | 香港中央结算有限公司 | 604.30 | 0.32 | 新进 | | 李绪坤 | 600.00 | 0.32 | 新进 | | | 较上个报告期退出前十大股东有 | | | | 王秀平 | 874.85 | 0.47 | 退出 | ...