证券代码：000776 证券简称：广发证券 广发证券股份有限公司 2025 年 11 月 14 日投资者关系活动记录表 编号：2025111401 投资者关系活动 类别 □特定对象调研 □分析师会议 □媒体采访 □业绩说明会 □新闻发布会 □路演活动 □现场参观 √其他 参与单位名称及 人员姓名 方正证券2026年年度策略会所邀请分析师和投资者 时间 2025年11月14日上午10:00-11:00 地点及形式 长沙君悦酒店，现场会议 上市公司接待人 员姓名 董事会办公室 王强女士 投资者关系活动 主要内容介绍 1、公司在业务方面有哪些重点布局及优势？ 答：2025 年初，公司系统部署了重点工作，目前均取 得了良好的进展。一是传统业务转型提速，业务竞争力提 升。二是优化业务结构，国际化战略纵深推进。三是深化客 需驱动发展，提升综合服务能力。四是拥抱科技革命，加快 数智化转型。 未来，公司以专业能力和综合服务能力为抓手，持续增 强服务实体经济的能力，进一步推进跨境业务联动，持续锻 造各业务板块的核心竞争力，促进功能发挥的同时推动自 身高质量发展。一是财富管理业务，坚定不移地推进买方投 顾业务转型。二是投资银行业 ...

中化新网讯 11月4日，铜陵化工集团与东铭实业集团有限公司签署全面战略合作协议。双方将围绕滤料 产品、智慧运维、产业链协同和数智化转型等领域开展深度合作。 此次合作秉承"平等互利、优势互补、相互支持"的原则，铜陵化工与东铭实业将在多个领域实现协同发 展。在主营业务方面，双方将聚焦高性能滤料产品供应和节能技术服务，通过应用低阻节能滤料技术， 助力铜陵化工实现滤袋寿命提升、系统能耗降低与超低排放目标；在数字化转型领域，双方将共建"蓝 天智维"工业互联网平台，融合AI算法、物联网、数字孪生等先进技术，推动除尘系统及高耗能设备实 现智能化改造与预测性维护；在供应链协同方面，双方将建立集采与战略采购机制，强化在聚苯硫醚 (PPS)树脂等原料方面的稳定合作。东铭实业将成为铜陵化工PPS短纤维产品在江苏区域的总代理，并 将共同推进合资建设PPS短纤维工厂的可行性论证，打造区域产业链优势。 此外，东铭实业还将在智能系统应用与物流平台方面为铜陵化工赋能，涵盖智能炼钢管控系统、高效节 能高压泵等产品，并提供全业务流程的工业数字化整体解决方案，包括ERP、MES、能源环保系统等， 全面提升铜陵化工供应链运营保障能力和整体运营效率。 ...

此外，东铭实业还将在智能系统应用与物流平台方面为铜陵化工赋能，涵盖智能炼钢管控系统、高效节 能高压泵等产品，并提供全业务流程的工业数字化整体解决方案，包括ERP、MES、能源环保系统等， 全面提升铜陵化工供应链运营保障能力和整体运营效率。 (陈源贵 柯瑞) 图为双方签约现场。(陈源贵 摄) 中化新网讯 11月4日，铜陵化工集团与东铭实业集团有限公司签署全面战略合作协议。双方将围绕滤料 产品、智慧运维、产业链协同和数智化转型等领域开展深度合作。 此次合作秉承"平等互利、优势互补、相互支持"的原则，铜陵化工与东铭实业将在多个领域实现协同发 展。在主营业务方面，双方将聚焦高性能滤料产品供应和节能技术服务，通过应用低阻节能滤料技术， 助力铜陵化工实现滤袋寿命提升、系统能耗降低与超低排放目标；在数字化转型领域，双方将共建"蓝 天智维"工业互联网平台，融合AI算法、物联网、数字孪生等先进技术，推动除尘系统及高耗能设备实 现智能化改造与预测性维护；在供应链协同方面，双方将建立集采与战略采购机制，强化在聚苯硫醚 (PPS)树脂等原料方面的稳定合作。东铭实业将成为铜陵化工PPS短纤维产品在江苏区域的总代理，并 将共同推进合资建 ...

Core Viewpoint - China Unicom's Zhongshan branch has launched a pilot project for a 10G park in collaboration with Huawei, marking a significant step towards the establishment of a 10G network era in Zhongshan [1] Group 1: Project Details - The pilot project is located in the Zhongshan Torch High-tech Industrial Park and utilizes Huawei's latest 50G PON and Wi-Fi 7 technologies [1] - The initiative aims to restructure production and management scenarios within the park, enhancing industrial competitiveness [1] Group 2: Future Plans - China Unicom plans to deepen strategic cooperation with Huawei to expand "10G + AI" application scenarios [1] - The project will support the development of a domestic industrial chain and establish a cross-regional digital corridor relying on the Shenzhen-Zhongshan Passage [1] - There is a focus on accelerating the large-scale deployment of 10G networks in parks, residential areas, and factories to empower high-quality economic development in Guangdong [1]

Core Insights - The logistics industry has transformed during the "Double 11" shopping festival, utilizing technology to manage increased order volumes without the previous issues of congestion and delays [1][3][4] Group 1: New Logistics Dynamics - The "Double 11" shopping festival has shifted from a single-day surge to a multi-wave release, allowing for a more manageable increase in order volume [3][4] - The average daily delivery volume in Nanjing is approximately 3.7 million packages, showing a slight decrease compared to the previous year, indicating a smoother operation due to distributed pressure [3][4] Group 2: Technological Empowerment - Companies are leveraging smart technologies for precise scheduling and efficient operations, resulting in improved service quality and faster delivery times [4][5] - AI technologies are being implemented across various logistics processes, enhancing decision-making and reducing package damage rates [5][6] Group 3: Enhanced Delivery Capabilities - The introduction of unmanned vehicles and drones has significantly improved delivery efficiency, with drone delivery times reduced from approximately 20 minutes to just 5 minutes [5][6] - Nanjing has established 35 unmanned vehicle routes and 200 unmanned delivery stations, enhancing service accessibility in urban and rural areas [6][7] Group 4: Agricultural Product Delivery - The logistics network has adapted to support the direct delivery of local agricultural products, such as crabs, with a reported 10% increase in delivery volume for these items [7] - The establishment of village-level service stations has improved rural delivery services, reducing costs and delivery times [7][8] Group 5: Industry Stability and Future Outlook - The postal management authority emphasizes maintaining safety, stability, and service quality during the "Double 11" period, with ongoing efforts to enhance digital transformation in logistics [8]

Core Viewpoint - The successful implementation of a 100 million yuan syndicated loan project by the Ji'an branch of Pudong Development Bank marks a significant breakthrough in supporting local economic development through innovative financial products and services [1] Group 1: Loan Projects and Financial Support - The Ji'an branch has provided over 4 billion yuan in various financing options to support local infrastructure and major livelihood projects, including loans for sewage treatment and urban redevelopment [2] - The branch's credit issuance has increased by 36% since the beginning of the year, with significant support directed towards the electronic information industry, totaling approximately 600 million yuan in credit to key enterprises [2] Group 2: Innovation in Financial Products - The Ji'an branch has continuously innovated financial products to meet the diverse needs of businesses, including green bills discounting and cross-border RMB loans, enhancing the local economy's financial liquidity [3] - The branch has facilitated the issuance of bonds totaling 1.5 billion yuan for local state-owned enterprises, showcasing its expertise in debt financing tools [3] Group 3: Digital Transformation and Service Enhancement - The Ji'an branch is focusing on digital transformation by implementing a comprehensive financial ecosystem that integrates various financial services for technology enterprises, aiming to provide efficient and tailored financing solutions [4] - By mid-2025, the branch achieved a technology loan balance of 379 million yuan, reflecting a significant increase in support for innovative companies [4] Group 4: Inclusive Finance Initiatives - The Ji'an branch has increased its allocation of resources for inclusive finance, with over 70 million yuan in new loans for small and micro enterprises, and a reduction in average interest rates for these loans compared to the previous year [5] - The branch has introduced new policies to optimize internal management and enhance the reach of inclusive loan products, further supporting local economic growth [5][6]

Group 1: Investment Management Business - The investment management segment includes asset management, public fund management, and private fund management, leveraging resources to create a diverse product supply system [2] - As of September 2025, the public fund management scale of Guangfa Fund and E Fund, excluding money market funds, ranks 3rd and 1st in the industry, respectively [2] Group 2: Wealth Management Business - The company focuses on high-quality customer management and efficient online operations, enhancing customer base and standardized operations [3] - It is accelerating the transition to buy-side investment advisory and improving multi-asset allocation capabilities [3] - The company is implementing AI service functions and promoting the application of wealth brokerage AI models [3] Group 3: Derivatives Business - As a primary dealer in the OTC derivatives market, the company strengthens team and system development, focusing on product creation and risk management solutions for institutional clients [4] Group 4: Investment Banking Business - The company aims to support the high-quality development of the real economy and enhance its role as a service provider for direct financing [5] - It is deepening its presence in key regions like the Greater Bay Area and Yangtze River Delta, while promoting cross-border collaboration [5] - The company is advancing its digital transformation and risk management capabilities to ensure stable development [5]

Core Viewpoint - Zhuzhou is positioning itself as a manufacturing city with a focus on advanced manufacturing, aiming to enhance its industrial and manufacturing GDP contributions by 2024, ranking first in Hunan Province [1] Group 1: Economic Contribution and Industrial Development - By 2024, Zhuzhou's industrial and manufacturing sectors are projected to contribute 39.9% and 37.4% to the GDP, respectively, showing increases of 0.9 and 1.2 percentage points since 2020 [1] - Zhuzhou has established itself as a key industrial base in China, recognized for its historical significance in the country's industrial development [1] - The city has cultivated three national advanced manufacturing clusters in rail transit equipment, small and medium-sized aviation engines, and ultra-high voltage transmission and transformation equipment [1] Group 2: Digital Transformation and Innovation - Zhuzhou is leveraging its large enterprises to drive digital transformation across the supply chain, achieving a digital network coverage rate of 81% among large manufacturing enterprises [2] - The city has developed the world's first intelligent manufacturing workshop for bogies and the first 5G automatic detection production line for ceramics in China [2] - Zhuzhou's digital transformation efforts have led to significant improvements in production efficiency and cost reduction for companies like Qianjin Pharmaceutical, which reported a 33% increase in output and a reduction in average R&D costs from 12.468 million yuan to 5.867 million yuan [4][5] Group 3: Future Industry and Strategic Planning - The city aims to build world-class industrial clusters in rail transit and small aviation engines by 2025, with a focus on strategic emerging industries such as new energy and new materials [6] - Zhuzhou has initiated the development of a Beidou industry cluster, achieving a scale of 11.3 billion yuan within three years and establishing the province's first commercial satellite factory [7] - The local government is providing substantial support for the Beidou industry, including a comprehensive development plan and lifecycle services for enterprises [8] Group 4: Performance Metrics and Growth - From January to September this year, Zhuzhou's manufacturing sector saw a year-on-year increase of 10.4% in added value, contributing significantly to the overall industrial growth of the city [9] - Key industrial clusters such as metal products and electrical machinery have shown remarkable growth rates of 36.8% and 30.8%, respectively [9]

Core Insights - QingCloud Technology officially launched AI Infra 3.0, emphasizing "All in One, One for AI" as its strategic core, aiming to transform the barriers of AI implementation into growth momentum for enterprises [1][2] Group 1: Challenges in Digital Transformation - Enterprises face three core challenges during digital transformation: balancing historical IT investments with AI innovation, simplifying management while meeting diverse business needs, and ensuring business stability alongside rapid technological iteration [2] - The CEO of QingCloud, Lin Yuan, highlighted the mismatch between the disruptive nature of technology iteration and the gradual nature of enterprise development as the essence of the pain points in digital transformation [2] Group 2: Key Features of AI Infra 3.0 - AI Infra 3.0 possesses four key characteristics: full-stack capability, on-demand scalability, standardized delivery, and smooth evolution [3][4][5][6] - The unified architecture provides a stable, scalable, and highly compatible technical foundation for enterprises, integrating virtualization, cloud, cloud-native, and AI computing capabilities [7] Group 3: Core Values of AI Infra 3.0 - The architecture creates four core values for enterprises: investment assurance (75% cost savings), transformation assurance (100% smooth upgrades), operational assurance (over 70% improvement in management efficiency), and innovation assurance (evolutionary architecture meeting future AI needs) [8] Group 4: Industry Applications - In the education sector, QingCloud provides GPU computing, model inference services, and high-performance computing resources, addressing the core challenges of diverse deployment and usage of computing resources in universities [9] - In smart manufacturing, the unified architecture enhances IT response speed by 75% and significantly shortens the cycle from AI model development to production [9] - In the media industry, the open architecture allows for rapid compatibility with various hardware, improving deployment efficiency and addressing the challenges of scattered computing resource management [9] Group 5: Ecosystem Collaboration - QingCloud aims to create a win-win ecosystem in the AI era by collaborating with partners, emphasizing standardization and openness throughout the design, development, testing, and delivery processes [11] - The AI Infra 3.0 architecture supports heterogeneous needs and helps partners meet customer demands through its open and plug-in architecture [11] Group 6: Partner Benefits - Numerous partners have benefited from the AI Infra 3.0 architecture, including a pharmaceutical research group that quickly launched medical AI analysis capabilities and an operator that achieved integrated deployment and management of AI solutions [12]

期货日报网讯（记者 刘威魁）在数字经济深度赋能资本市场的时代浪潮中，金融新业态、新应用、新模式不断涌现，提高了资本市 场运行服务效率。为积极响应证监会金融"五篇大文章"战略部署，近日，由中州期货主办、广东股权交易中心协办举办龙泉期货数智 平台3.0发布会来自行业协会、金融机构、高校代表、实体企业负责人及媒体朋友等70余人，共同探索产融协同服务实体经济新路 径。 据了解，发布会现场举行两大联盟成立的签约仪式。在"战略合作联盟"签约环节，中州期货与涵盖金融机构、权威媒体、高等院校等 领域的合作方达成深度合作，整合多元优质资源，为平台合规运营、技术迭代、人才培育筑牢根基，搭建行业跨界协同高效沟通桥 梁，为后续精准服务不同类型客户夯实基础。"产业&机构联盟"则汇聚实体产业与投资机构领域优质伙伴，聚焦实体企业最关心的价 格波动应对、库存管理优化、策略研发支撑等核心难题。 "通过联盟内的数据共建与风险对冲，我们能让龙泉系统的数智工具真正下沉到产业链'最后一公里'，实现规模化、普惠化应用。"陈 扬发表示，两大联盟的组建，实现金融资本、产业资源、学术力量有机融合，为区域经济高质量发展搭建高效协同的产业生态平 台。据陈扬发介绍 ...