答：公司作为中国华能旗下重要的金融平台，坚守产业办金融的 初心使命，积极践行深化金融产业协同相关工作要求，成立集团与战 略客户部统筹开展服务主业工作，建立"1+N"服务模式，充分发挥能 源券商专业优势，持续加大服务主业的力度、深度和广度。 近年来，公司与中国华能及体系内各单位开展了一系列合作，主 要聚焦以下五方面：一是聚焦负债管理，助力完成债权类融资，包括 助力中国华能发行科技创新公司债券、助力华能国际发行绿色中期票 据（碳中和债）等；二是聚焦降负债、补权益，助力开展权益融资， 包括中国华能类 REITs 项目等；三是聚焦资本市场运作，全面推动体 系内二级公司财务顾问服务；四是聚焦高质量发展需求，深度参与重 点课题研究，包括新能源资产经营效益分析、新能源发电项目并购投 资模式和策略研究等；五是聚焦战新产业发展，助力深化战新产业布 局，包括积极参与优质科创企业资本运作和科技成果转化等。 证券代码：002939 证券简称：长城证券 长城证券股份有限公司 2025 年 9 月 4 日投资者关系活动记录表 编号：2025-011 | | 特定对象调研 分析师会议 | | --- | --- | | 投资者关系活动 ...

Group 1: Company Strategy and Goals - During the "14th Five-Year Plan" period, the company focused on creating a specialized first-class securities firm in the power and energy sectors, guided by Xi Jinping's thoughts and the spirit of the 20th National Congress [1] - The company aims to enhance its core competitiveness and establish a new ecosystem for industrial finance, emphasizing the importance of serving the real economy [2] Group 2: Industry Trends and Mergers - Since the 2023 Central Financial Work Conference, regulatory support for mergers and acquisitions (M&A) has increased, making it a crucial strategy for securities firms to enhance competitiveness [3] - The trend of M&A is expected to reshape the industry landscape, with leading firms innovating through group operations and M&A to strengthen their positions [3] Group 3: Investment and Financial Performance - In Q1 2025, the company reported a significant increase in investment income and fair value changes, attributed to optimized asset allocation and market timing strategies [5] - The company successfully captured structural opportunities in the equity market while managing risks in the bond market, leading to substantial year-on-year investment returns [5] Group 4: Future Development and Internationalization - The company plans to develop two fund companies to align with national strategic areas such as technology innovation and green development, aiming to enhance its market position and product offerings [4] - The focus will be on creating comprehensive solutions that meet the long-term capital market needs, thereby supporting high-quality market development [4]