锚定目标 接续奋斗 凝心聚力谱写发展新篇 过去的一年,以习近平同志为核心的党中央带领亿万人民 不惧风雨、破浪前行,为基本实现社会主义现代化奠定更加坚实 的基础，不断开创强国建设、民族复兴伟业新局面。金秋时节, 党的二十届四中全会胜利召开,总结"十四五"重大成就,壁 画"十五五"宏伟蓝图。在这承前启后的关键时期,国信证券 立足金融国企的职责与使命,以高质量党建引领保障公司高质量 发展,保持战略定力、聚焦发展目标,抢抓机遇、奋勇攻坚,取 得一系列发展成果。 这一年,我们脱意进取、全力街动高质量发展。公司坚持固 本强基，统筹做好经营发展、客户服务、合规风控等各项工作， 助力增强资本市场内在稳定性;主要业务提质增效,呈现良好发 展态势;不断夯实稳健发展根基,保持境内券商最高的国际信用 评级(惠誉"BBB+");持续扩大品牌影响力,获得证券业金牛 奖、君鼎奖等多个权威媒体奖项;公司治理和可持续发展得到广 泛认可,连续3年荣获中国上市公司协会"上市公司董事会最佳实 践案例",MSCIESG评级提升至"A"级，达到行业领先水平。 专题：2026新年致辞 企业家展望2026新趋势 炒股就看金麒麟分析师研报，权威，专业，及时， ...

Core Viewpoint - Guosen Securities breaks the shackles of standardized services by customizing exclusive paths for different client groups [1] Group 1: Customized Wealth Management Services - Retail clients receive inclusive services through "Guosen Xintougu," which offers account health diagnostics and portfolio configuration advice, supported by over 3,000 frontline advisors using live broadcasts and short videos to explain market logic [2][5] - High-net-worth clients benefit from "Guosen Leading 30," which collaborates with top market managers to design tailored cross-market, multi-asset, and multi-strategy allocation plans that align wealth management with life planning [2][5] - Innovative services like "Guosen Xinzhi Investment" provide post-purchase management solutions, with a dedicated advisory team diagnosing portfolio status and customizing adjustment plans based on clients' risk tolerance and liquidity needs [2][5] Group 2: Service Advantages in Wealth Management - Since the inception of the "Golden Sunshine" advisory service brand in 2005, Guosen Securities has expanded its reach to nearly 5 million clients, managing assets close to 500 billion [5] - The company has developed a comprehensive service system that includes pre-investment diagnostics, ongoing support during investment, and post-investment tracking [5] - A full-dimensional tool system enhances investment efficiency, from capturing market trends to implementing strategies [5] - "Guosen Xintougu" provides account health diagnostics and portfolio configuration advice, making professional guidance easily accessible through a combination of standardized headquarters and personalized branch services [5] - "Guosen Leading 30" connects with top market managers to create customized allocation plans across various markets and assets [5]

Group 1: Brokerage Business and Internet Development - The company's brokerage business market share for stock-based transactions is 2.75% of the total market, with continuous improvement in client account numbers and quality [2] - The company emphasizes both new and existing clients, particularly leveraging internet methods to enhance operational efficiency and transform offline outlets [2] - There will be increased investment in digital operations to meet diverse client needs [2] Group 2: Wealth Management Ecosystem - For individual clients, the company has established a professional investment advisory team and various wealth management service brands, enhancing product offerings and quality [2] - For institutional clients, the company provides customized comprehensive financial services, addressing their investment pain points through an integrated service platform [2] Group 3: Proprietary Investment Business - The company employs a major asset allocation strategy to manage investments, utilizing stocks, bonds, derivatives, convertible bonds, and funds to mitigate volatility and market risks [3] - The focus is on dividend investment, value growth investment, and discount protection investment strategies, with a strong emphasis on stable fixed-income investments [3] - The derivatives business is conducted with a focus on compliance and risk control, aiming for high-quality development [3] Group 4: Acquisition of Wanhe Securities - The acquisition of Wanhe Securities has been approved by the Shenzhen Stock Exchange's merger and reorganization review committee, pending completion of registration and other procedures [4] - Post-acquisition, the company aims to leverage Wanhe Securities' advantages in cross-border asset management within the Hainan Free Trade Port [4] Group 5: Investment Banking Development Strategy - The investment banking division focuses on core responsibilities, enhancing professional capabilities, and increasing the scale of equity financing projects [4] - There is a push for business innovation, particularly in mergers and acquisitions, Hong Kong stock business, and technology innovation bonds [4] - Long-term planning is emphasized to develop an industrial investment banking model and enhance service capabilities for technology enterprises [4]