Core Insights - Guoxin Securities is actively advancing the reform of state-owned enterprises (SOEs) and has engaged with 54 SOE groups, covering over 50% of the SOE sector as of the end of July [1] - The company has successfully implemented 37 out of 56 SOE projects, indicating a significant increase in the number of SOEs served compared to the previous year [1] - Guoxin Securities aims to contribute to the high-quality development of state-owned capital operations and SOEs through its "14th Five-Year" development plan [1] Service Offerings - The company integrates into China Guoxin's "big collaboration" business framework, addressing various business needs such as capital raising, financial advisory, and share reduction [2] - Notable completed projects include the targeted issuance of shares for China Communications Construction Company and Guoxin Health, as well as the issuance of innovative bonds for China National Building Material Group [2] - Guoxin Securities has also launched a series of technology innovation bonds, including the first "ESG + technology innovation" corporate bond in the national chemical industry [2] Regional Development Strategy - Guoxin Securities focuses on major national regional strategies, such as the coordinated development of Beijing-Tianjin-Hebei, Yangtze River Delta integration, and the Guangdong-Hong Kong-Macao Greater Bay Area [3] - The company has invested approximately 20 billion yuan in high-quality credit bonds that align with national regional development strategies since 2024 [3] - Guoxin Securities has set clear targets for improving return on equity (ROE) and aims to enhance its operational performance, business model, management standards, team capabilities, and brand image [3]

Core Viewpoint - Guoxin Securities has undergone significant transformation and development since joining China Guoxin, focusing on serving state-owned enterprises (SOEs) and contributing to national strategies through innovative financial services [1][2][3]. Group 1: Business Development and Achievements - Guoxin Securities has established connections with 54 SOE groups, achieving over 50% coverage in SOE services, and has facilitated 56 projects, with 37 successfully completed [2]. - The company has actively participated in various financing projects, including the issuance of bonds and asset-backed securities, supporting the main business development of SOEs [2][3]. - In the first half of 2025, Guoxin Securities achieved a bond underwriting scale of 9.793 billion, ranking 42nd in the industry, while its IPO underwriting and sponsorship ranked 23rd, marking a historical high [3][4]. Group 2: Compliance and Risk Management - Guoxin Securities emphasizes compliance and risk management as essential for high-quality development, integrating state-owned and securities regulatory requirements to ensure business innovation aligns with compliance standards [5][6]. - The company has implemented various compliance management initiatives, enhancing its management levels in anti-money laundering and integrity practices [5]. Group 3: Party Leadership and Governance - The company integrates party leadership with corporate governance, reinforcing the role of the party committee in guiding the company's direction and ensuring effective implementation of strategies [5][6]. - Guoxin Securities has established a standardized and normalized grassroots party organization, promoting deep integration of party building with business operations [6]. Group 4: Future Outlook - Guoxin Securities aims to continue its transformation and breakthroughs, focusing on enhancing operational performance, business models, management levels, and brand image, while contributing to the high-quality development of state-owned capital operations [6].