Summary of Key Points Core Viewpoint - China Galaxy Securities has successfully managed its short-term financing bonds, demonstrating effective capital management and liquidity position in the market [1][3]. Trading Information - On September 11, 2025, China Galaxy's stock closed at 17.48 yuan, an increase of 2.4%, with a turnover rate of 0.92% and a trading volume of 667,200 shares, amounting to a total transaction value of 1.152 billion yuan [1]. Fund Flow - On the same day, the net inflow of main funds was 19.34 million yuan, accounting for 1.68% of the total transaction value. In contrast, retail funds saw a net inflow of 33.82 million yuan, representing 2.93% of the total transaction value, while speculative funds experienced a net outflow of 53.16 million yuan, which was 4.61% of the total transaction value [1][3]. Company Announcements - China Galaxy completed the repayment of its 2025 Annual Twelfth Short-term Financing Bond on September 9, 2025, with a total amount of 3,012,627,945.21 yuan [1][3]. - The company issued its 2025 Annual Twenty-second Short-term Financing Bond on September 10, 2025, with a total issuance amount of 4 billion yuan and a coupon rate of 1.62% [1][3].