2025年7月14日，国新证券发布公告称，截至2024年末，公司母公司报表未分配利润为-61.21亿元，公 司计划使用风险准备金、法定盈余公积、资本公积弥补亏损。一旦本次弥补亏损方案实施完成，母公司 报表口径累计未分配利润将归零。 当这一弥补亏损方案实施完成后，国新证券母公司的财务数据发生了显著变化。一般风险准备仅剩 170.78元，几乎归零，这意味着公司在风险缓冲方面的储备大幅减少；交易风险准备减少至0元，反映 出公司在交易风险抵御能力上的削弱；盈余公积同样减少至0元，显示出公司过往盈利积累在此次补亏 中的消耗殆尽；资本公积减少至56.29亿元，缩水近四成。 风险准备金是抵御市场风险的核心缓冲，清零后若遇市场波动（如自营投资亏损、信用风险），公司需 依赖注资，灵活性下降。 而母公司报表口径累计未分配利润终于归零，看似完成了一个阶段性的财务修复目标。相关事项在股东 会审议通过的当月进行账务处理，犹如在财务报表上按下了一个 "重置" 按钮，让国新证券有了重新出 发的可能。 在监管合规方面，国新证券面临着双重压力。一方面，需要满足证监会对券商风险覆盖率的硬性要求 （≥100%）。由于风险准备金大幅减少，公司需要通 ...

Financial Data and Indicators - Basic earnings per share decreased by 10.42% to 0.8600 yuan in 2024 from 0.9600 yuan in 2023 [1] - Net profit for 2024 was 1 billion yuan, a decrease of 3.85% compared to 1.04 billion yuan in 2023 [1] - Operating revenue increased by 8.74% to 7.71 billion yuan in 2024 from 7.09 billion yuan in 2023 [1] - Return on equity decreased to 7.60% in 2024 from 9.23% in 2023, a decline of 17.66% [1] - Net assets per share increased by 5.23% to 11.67 yuan in 2024 from 11.09 yuan in 2023 [1] Shareholder Structure - The top ten unrestricted shareholders hold a total of 22,029,700 shares, accounting for 43.29% of the circulating shares, with a decrease of 564,900 shares compared to the previous period [1] - Notable shareholders include Wen Juan Ying with 4,566,100 shares (8.97%), Cai Fang with 3,698,600 shares (7.27%), and Shen Wei Min with 3,000,000 shares (5.89%) [2] - Gu Lin Xiang saw a decrease of 1,160,000 shares, while Wang Qun Ying entered the list with 595,100 shares [2] Dividend Distribution - The company announced a dividend distribution plan of 10 yuan per 3 shares (including tax) [3]

Financial Performance - The basic earnings per share for Q1 2025 is 0.1400 CNY, a decrease of 18.79% compared to Q1 2024, which was 0.1724 CNY, and a significant drop from 0.3162 CNY in Q1 2023 [1] - The operating revenue for Q1 2025 is 1.13 billion CNY, reflecting a 2.73% increase from 1.1 billion CNY in Q1 2024 [1] - The net profit for Q1 2025 remains at 0.08 billion CNY, unchanged from Q1 2024, but down from 0.14 billion CNY in Q1 2023 [1] - The return on equity (ROE) for Q1 2025 is 0.95%, a decline of 13.64% from 1.10% in Q1 2024, and significantly lower than 3.26% in Q1 2023 [1] Shareholder Structure - The top ten unrestricted shareholders hold a total of 9.5402 million shares, accounting for 39.26% of the circulating shares, with an increase of 8.4326 million shares compared to the previous period [1] - Notable new entrants among the top shareholders include Weiying Equity Investment Fund with 813.44 million shares (33.47%), and several other new investors [2] - Previous top shareholders such as Zhang Tongliang and Jin Xuewei have exited the top ten list, indicating a shift in shareholder composition [2][3] Dividend Policy - The company has announced that there will be no distribution or transfer of dividends this time [4]