[中报]申万宏源(000166):2026年半年度报告
原标题:申万宏源:2026年半年度报告 ???????????? ?? 2026? 6? 30?? 6З??? ???? (????) ????? ???? ???????? 2604208? ???????????????Б? ????д??????????????? (????????????) ?И???? ???? 2026? 6? 30?????????ф?????? 2026? 6? 30?? 6З?? ???????????澝???????Б????????????????????? И???????澞??И?ы??????????澦??????? 32???И??? ??澧?????И???????????????????????????????? ??????п??????????澞 ????澦И??????????? 2101?????????澧?????д??? ?澞???????????????????И??????????????????? ?澞??П??й??????????ы?????????????????????? й??澞??????????????????澞 ???? (?) ???????? 2604208? ?????????????????з????????????И???????? ????????澦??????? 32???И?????澧?????澞 ????????з?? (??????) И?????? ??? И? ?ч 嚁?? 2026? 8? 27? ???????????? ???ф??? 2026? 6? 30? (???????????Оы???) ??? 2026? 2025? ??? 6? 30? 12? 31? (????) (???) ?ф ???? 1 173,215,678,937.83 149,645,867,530.26 ?И????? 125,218,607,850.60 112,656,907,772.87 ????? 2 29,656,402,826.76 30,404,078,682.90 ?И?????? 17,000,263,408.95 17,213,799,980.62 壝??? 3 112,110,655,611.71 95,973,305,902.50 ???壝?ф 4 8,901,859,723.47 4,773,454,107.84 ????? 5 37,896,485,246.44 33,898,909,994.75 ???? 6 3,416,675,492.49 3,094,547,678.55 б????壝?ф 7 9,448,173,260.57 14,558,334,076.30 ?壝??? с???壝?ф 8 310,040,019,387.34 267,624,677,452.29 ???? 9 2,830,280,594.85 3,531,198,684.36 ?????? 10 47,728,478,283.79 39,935,568,110.79 ???????? 11 79,413,365,809.13 87,955,926,401.78 ?????? 13 4,811,142,237.80 4,384,141,834.27 ?????ф 14 32,262,943.46 34,295,661.65 ???ф 15 870,742,537.75 995,440,340.85 ???? 16 200,960,907.03 196,832,774.53 ????ф 17 843,029,071.50 810,211,098.12 ???ф 18 346,104,653.01 395,992,252.49 ??????ф 19 1,007,005,201.96 913,022,639.02 ???ф 20 2,536,735,493.11 2,421,435,258.02 ?ф?? 825,306,058,220.00 741,547,240,481.27 ????????О??????????澞 ???????????? ???ф??? (?) 2026? 6? 30? (???????????Оы???) ??? 2026? 2025? ??? 6? 30? 12? 31? (????) (???) ?? ???? 22 3,032,369,020.17 2,503,732,632.40 ????壝?? 23 64,694,420,999.16 58,404,461,438.74 ???? 24 3,427,175,221.90 2,669,534,280.04 с???壝?? 25 19,187,259,265.15 11,547,110,315.15 ???壝?? 4 15,708,119,631.92 9,628,943,689.63 ?????壝?ф? 26 193,044,309,052.12 185,697,287,714.91 ??б???? 27 159,749,283,250.14 141,865,984,084.70 ??????? - 249,080,000.00 ????圈懙 28 6,497,552,124.49 6,492,214,984.15 ?с?? 29 1,426,224,982.00 434,338,965.58 ???? 30 37,402,860,184.35 28,338,496,319.83 ???? 31 145,844,877,257.50 123,160,377,229.68 ???? 32 852,989,766.30 814,689,247.26 ??????? 19 108,014,810.74 62,216,930.65 ???? 33 17,718,689.69 13,840,268.99 ???? 2,041,800.00 2,041,800.00 ???? 34 33,316,091,634.94 29,486,140,203.96 ???? 684,311,307,690.57 601,370,490,105.67 -------------------------- -------------------------- ????????О??????????澞 ???????????? ???ф??? (?) 2026? 6? 30? (???????????Оы???) ??? 2026? 2025? ??? 6? 30? 12? 31? (????) (???) ?Б?? ?? 35 25,039,944,560.00 25,039,944,560.00 ???? 36 19,238,948,056.70 19,247,513,167.53 ?????? 37 1,757,334,862.49 1,997,828,811.65 ???? 38 4,534,721,719.03 4,534,721,719.03 ▲????? 39 21,758,001,285.98 21,960,395,628.61 ????? 40 42,655,066,937.77 38,816,941,477.17 ??й????Б???? 114,984,017,421.97 111,597,345,363.99 ???Б?? 26,010,733,107.46 28,579,405,011.61 ??й??????Б??? 1,533,312,127.44 1,621,006,751.67 ??й???Б?????? ?????? 41 24,477,420,980.02 26,958,398,259.94 ?Б???? 140,994,750,529.43 140,176,750,375.60 -------------------------- -------------------------- ????Б???? 825,306,058,220.00 741,547,240,481.27 ??????й 2026? 8? 27??嗋з???澞 ??? ??? ??? ????ы П?????? ??????ы ????ы ????????О??????????澞 ???????????? ????ф??? 2026? 6? 30? (???????????Оы???) ??? 2026? 2025? ???? 6? 30? 12? 31? (????) (???) ?ф ???? 3,486,513,465.00 86,415,019.34 б????壝?ф 1,090,692,471.49 520,810,316.72 ?壝??? с???壝?ф 11,605,639,724.58 11,587,519,491.67 ???? 2,171,710,591.01 2,361,262,227.60 ?????? 1 63,233,942,120.58 63,173,845,100.75 ?????ф 101,434,918.70 105,003,768.17 ???ф 256,038,893.83 265,248,368.85 ???? 1,391,770.44 2,599,272.93 ???ф 974,225.94 829,679.56 ???ф 2 9,465,166,301.66 6,569,504,263.02 ?ф?? 91,413,504,483.23 84,673,037,508.61 ?? ????圈懙 179,119,210.00 182,460,711.96 ?с?? 1,455,564.45 15,596,725.20 ???? 3 29,041,269,283.31 25,793,064,355.60 ???? 2,019,677,355.85 117,007,060.20 ???? 31,241,521,413.61 26,108,128,852.96 -------------------------- -------------------------- ????????О??????????澞 ???????????? ????ф??? (?) 2026? 6? 30? (???????????Оы???) ??? 2026? 2025? 6? 30? 12? 31? (????) (???) ?Б?? ?? 25,039,944,560.00 25,039,944,560.00 ???? 23,811,448,219.46 23,811,448,219.46 ?????? (134,687.96) 18,736,383.73 ???? 3,944,250,116.60 3,944,250,116.60 ▲????? 3,849,860,528.88 3,849,860,528.88 ????? 3,526,614,332.64 1,900,668,846.98 ?Б???? 60,171,983,069.62 58,564,908,655.65 -------------------------- -------------------------- ????Б???? 91,413,504,483.23 84,673,037,508.61 ????????О??????????澞 ???????????? ????? ?? 2026? 6? 30?? 6З??? (???????????Оы???) ??? ?? 6? 30?? 6З??? ??? 2026? 2025? (????) (????) ▲澝???? 13,836,472,563.33 11,695,485,798.80 ????????? 42 5,138,245,466.68 3,682,663,256.32 ?И??????????? 3,778,816,031.21 2,487,054,544.73 ????????? ??? 618,983,526.60 626,940,688.36 ?ф??????? ???????? 357,933,266.65 330,905,512.28 ????? 43 672,660,733.87 198,766,605.99 ?И????? 4,952,283,660.60 4,365,958,723.09 ???? 4,279,622,926.73 4,167,192,117.10 ???? 44 9,696,342,247.93 7,710,426,732.75 ?И?????????? ???? 787,750,960.62 383,821,632.07 ???? 45 214,104,740.71 121,355,658.48 ???????? 46 (1,858,729,567.05) (29,923,472.10) ???? (77,066,108.94) (24,860,105.38) ?????? 47 48,871,659.44 36,326,501.01 ?ф???? 48 2,043,390.69 730,621.73 ????????О??????????澞 ???????????? ????? (?) ?? 2026? 6? 30?? 6З??? (???????????Оы???) ??? ?? 6? 30?? 6З??? ??? 2026? 2025? (????) (????) и澝???? 6,024,872,546.38 5,679,391,258.67 ????? 49 98,499,971.41 79,978,170.83 ?????? 50 5,900,041,148.88 5,419,634,637.46 ?????? 51 13,400,444.58 117,228,017.02 ???ф???? 52 3,256,775.68 43,832,352.27 ?????? 53 9,674,205.83 18,718,081.09 ?澝???? 7,811,600,016.95 6,016,094,540.13 ??????? 2,112,480.26 1,907,503.80 ??????? 54 13,687,744.05 32,573,125.57 ?澝???? 7,800,024,753.16 5,985,428,918.36 ??????? 55 1,555,029,445.67 1,182,332,254.47 м澝??? 6,244,995,307.49 4,803,096,663.89 -------------------------- -------------------------- ??????? 1. ??????? 6,244,995,307.49 4,803,096,663.89 2. ??????? - - (и) ???????? 1. ??й????Б? ??? 5,730,431,558.07 4,284,169,415.95 2. ???Б?? 514,563,749.42 518,927,247.94 ????????О??????????澞 ???????????? ????? (?) ?? 2026? 6? 30?? 6З??? (???????????Оы???) ??? ?? 6? 30?? 6З??? ??? 2026? 2025? (????) (????) ?澝??????????? 37 (490,547,700.91) 556,541,350.93 ??й????Б? ??????????? (457,198,547.26) 569,370,923.85 ????????? ?????? 1. ?????????? ?????? (728,366.65) 4,780,703.72 2. ???????? ?????? (321,707,412.11) 707,007,066.01 (и) ???????? ?????? 1. ????????? ?????? (23,037,074.20) (8,941,007.86) 2. ?????? ?????? 45,974,713.64 (91,825,872.17) 3. ?????? ?????? (1,456,669.56) 3,057,397.34 4. ???????? (156,243,738.38) (44,707,363.19) ??й???Б? ??????????? (33,349,153.65) (12,829,572.92) -------------------------- -------------------------- ?澝?????? 5,754,447,606.58 5,359,638,014.82 ??й????Б? ?????? 5,273,233,010.81 4,853,540,339.80 ??й???Б??????? 481,214,595.77 506,097,675.02 ?澝???? 56 ?????? 0.23 0.17 (и) ?????? 0.23 0.17 ????????О??????????澞 ???????????? ?????? ?? 2026? 6? 30?? 6З??? (???????????Оы???) ??? ?? 6? 30?? 6З??? ???? 2026? 2025? (????) (????) ▲澝???? 3,626,129,642.97 1,851,041,933.43 ????????? - - ????? 4 (204,881,281.75) (255,087,562.19) ?И????? 180,110,532.75 134,472,823.27 ???? 384,991,814.50 389,560,385.46 ???? 5 3,882,509,207.90 2,079,551,929.66 ?И?????????? ???? (5,331,908.48) 3,394,767.66 ???? 504,503.14 547,271.37 ???????? 6 (77,723,792.67) 116,571.38 ?????? 25,721,006.35 25,913,723.21 и澝???? 124,563,436.06 163,817,345.66 ????? 7,085,272.63 7,146,745.55 ?????? 7 76,570,060.36 87,430,482.99 ?????? / (??) 34,879,124.60 (2,862,735.35) ???ф???? 2,460,129.00 68,581,265.78 ?????? 3,568,849.47 3,521,586.69 ????????О??????????澞 ???????????? ?????? (?) ?? 2026? 6? 30?? 6З??? (???????????Оы???) ??? ?? 6? 30?? 6З??? 2026? 2025? (????) (????) ?澝???? 3,501,566,206.91 1,687,224,587.77 ??????? 2,502,091.76 799,768.16 ??????? 126,971.01 4,882.54 ?澝???? 3,503,941,327.66 1,688,019,473.39 ??????? - 19,735,992.53 м澝??? 3,503,941,327.66 1,668,283,480.86 ?澝??????????? (18,871,071.69) (8,979,087.17) ????????? ?????? 1. ?????????? ?????? (728,366.65) (1,616,618.67) (и) ???????? ?????? 1. ????????? ?????? (18,142,705.04) (7,362,468.50) ?澝?????? 3,485,070,255.97 1,659,304,393.69 ????????О??????????澞 ???????????? ??????? ?? 2026? 6? 30?? 6З??? (???????????Оы???) ??? ?? 6? 30?? 6З??? ??? 2026? 2025? (????) (????) ▲澝????ф??????? Ос????????壝???? ?? - 10,330,421,902.81 ????澝????????? 12,978,420,732.66 11,118,657,440.92 ???????? 761,200,000.00 703,777,778.00 ?????????? 7,348,364,777.35 4,183,279,265.57 ??б?????????? 18,004,404,546.59 - 壝??????? - 1,984,840,529.05 ?????????????? 57(1) 14,036,498,737.16 4,543,237,923.51 ?????????? 53,128,888,793.76 32,864,214,839.86 -------------------------- -------------------------- Ос????????壝???? ?? 28,191,486,561.53 - 壝??????? 16,180,825,459.32 - ??б?????????? - 537,417,113.96 ????????????? 249,080,000.00 129,821,125.62 ????澝????????? 3,678,667,986.97 3,135,206,545.05 ??????О??????? 4,563,945,839.64 3,029,988,997.00 ??????? 1,606,371,092.67 1,080,663,762.61 ?????????????? 57(2) 8,588,092,131.57 8,367,876,593.40 ?????????? 63,058,469,071.70 16,280,974,137.64 -------------------------- -------------------------- ????(??) / ф???????? 57(3) (9,929,580,277.94) 16,583,240,702.22 -------------------------- -------------------------- ????????О??????????澞 ???????????? ??????? (?) ?? 2026? 6? 30?? 6З??? (???????????Оы???) ??? ?? 6? 30?? 6З??? ??? 2026? 2025? (????) (????) и澝????ф??????? ????????? 1,678,841,653.88 1,531,181,794.16 ??????????? 1,756,875,092.28 3,340,134,669.25 ?????ф澝???ф? ?????ф??????? 4,629,639.32 4,536,314.34 ?????????? 3,440,346,385.48 4,875,852,777.75 -------------------------- -------------------------- ?????ф澝???ф? ?????ф?????? 133,712,331.77 134,252,817.96 ?????????? 133,712,331.77 134,252,817.96 -------------------------- -------------------------- ????ф???????? 3,306,634,053.71 4,741,599,959.79 -------------------------- -------------------------- ????????О??????????澞 ???????????? ??????? (?) ?? 2026? 6? 30?? 6З??? (???????????Оы???) ??? ?? 6? 30?? 6З??? ??? 2026? 2025? (????) (????) ?澝????ф??????? ????????? 103,660,909,444.85 51,300,570,053.75 ????????? 1,341,373,584.63 1,109,912,980.61 ?????????? 105,002,283,029.48 52,410,483,034.36 -------------------------- -------------------------- ????????? 75,688,508,750.43 71,694,800,270.48 ????澝??????? ????? 2,196,689,981.17 2,497,651,430.24 ?И??????????Б ???澝?? 143,920,000.00 144,016,757.62 帱????????? 2,000,000,000.00 - ????????? 178,988,602.88 212,260,136.18 ?????????????? 101,211,610.75 - ?????????? 80,165,398,945.23 74,404,711,836.90 -------------------------- -------------------------- ????ф? / (??)????? ?? 24,836,884,084.25 (21,994,228,802.54) -------------------------- -------------------------- ?澝???????? ???????? (77,066,108.94) (24,860,105.38) -------------------------- -------------------------- м澝????????????? 57(3)(c) 18,136,871,751.08 (694,248,245.91) ?????????????? 188,390,775,345.04 163,065,926,700.69 ?澝???????????? 57(4) 206,527,647,096.12 162,371,678,454.78 ????????О??????????澞 ???????????? ???????? ?? 2026? 6? 30?? 6З??? (???????????Оы???) ??? ?? 6? 30?? 6З??? ???? 2026? 2025? (????) (????) ▲澝????ф??????? Ос????????壝??? ??? 134,184,073.94 5,368,503,646.28 ????澝????????? 3,919,427.29 2,481,430.98 ?????????????? 58,678,153.25 44,751,494.49 ?????????? 196,781,654.48 5,415,736,571.75 -------------------------- -------------------------- ?????????? 552,406,747.96 500,000,000.00 ??????О??????? 63,944,344.04 40,771,352.74 ??????? 25,518,357.61 24,385,653.41 ?????????????? 6,721,032.94 32,831,403.93 ?????????? 648,590,482.55 597,988,410.08 -------------------------- -------------------------- ????(??) / ф????? ??? 8(1) (451,808,828.07) 4,817,748,161.67 -------------------------- -------------------------- ????????О??????????澞 ???????????? ???????? (?) ?? 2026? 6? 30?? 6З??? (???????????Оы???) ??? ?? 6? 30?? 6З??? 2026? 2025? (????) (????) и澝????ф??????? ????????? 167,533,738.57 - ??????????? 297,716,474.28 11,928,817.80 ?????????????? 1,416,555,591.77 1,905,586,515.04 ?????????? 1,881,805,804.62 1,917,515,332.84 -------------------------- -------------------------- ??????? 84,300,000.00 1,289,293,016.28 ?????ф澝???ф??? ???ф?????? 1,070,518.03 867,142.81 ?????????????? 800,000,000.00 860,000,000.00 ?????????? 885,370,518.03 2,150,160,159.09 -------------------------- -------------------------- ????ф? / (??) ????? ?? 996,435,286.59 (232,644,826.25) -------------------------- -------------------------- ????????О??????????澞 ???????????? ???????? (?) ?? 2026? 6? 30?? 6З??? (???????????Оы???) ??? ?? 6? 30?? 6З??? ???? 2026? 2025? (????) (????) ?澝????ф??????? ????????? 3,795,440,000.00 4,794,240,000.00 ?????????? 3,795,440,000.00 4,794,240,000.00 -------------------------- -------------------------- ????????? 500,000,000.00 4,800,000,000.00 ????澝??????? ????? 439,968,012.86 484,925,743.31 ?????????? 939,968,012.86 5,284,925,743.31 -------------------------- -------------------------- ????ф? / (??) ? ?????? 2,855,471,987.14 (490,685,743.31) -------------------------- -------------------------- ?澝???????? ???????? - - -------------------------- -------------------------- м澝????????????? 8(2) 3,400,098,445.66 4,094,417,592.11 ????????????? ? 86,415,019.34 76,154,482.11 ?澝???????????? 3,486,513,465.00 4,170,572,074.22 ????????О??????????澞 ???????????? ???Б????? ?? 2026? 6? 30?? 6З??? (???????????Оы???) ??й????Б?? ???Б?? ?? ???? ?????? ???? ▲????? ????? ?? ????Б ????????? ?Б?????? 35 ??? 36 ??? 37 ??? 38 ??? 39 ??? 40 ??? 41 26? 1? 1??? 25,039,944,560.00 19,247,513,167.53 1,997,828,811.65 4,534,721,719.03 21,960,395,628.61 38,816,941,477.17 111,597,345,363.99 1,621,006,751.67 26,958,398,259.94 140,176,750,375.6 ??????? ▲澝?????? - - (457,198,547.26) - - 5,730,431,558.07 5,273,233,010.81 7,876,403.99 473,338,191.78 5,754,447,606.5 и澝 ?Б????????? 1 帱???? - (2,924,528.30) - - - - (2,924,528.30) - (1,997,075,471.70) (2,000,000,000.02 ?? - (5,640,582.53) - - - - (5,640,582.53) (95,571,028.22) - (101,211,610.7 ?澝???? 1 ▲???????? - - - - (202,394,342.63) 202,394,342.63 - - - - 2 ??Б??? - - - - - (1,877,995,842.00) (1,877,995,842.00) - - (1,877,995,842.03 ??????? ?????? - - - - - - - - (957,240,000.00) (957,240,000.0 ?澝?Б?????? 1 ???????? ???? - - 216,704,598.10 - - (216,704,598.10) - - - - 26? 6? 30??? (????) 25,039,944,560.00 19,238,948,056.70 1,757,334,862.49 4,534,721,719.03 21,758,001,285.98 42,655,066,937.77 114,984,017,421.97 1,533,312,127.44 24,477,420,980.02 140,994,750,529.4 ???????О??????????澞 124 ???????????? ???Б????? (?) ?? 2026? 6? 30?? 6З??? (???????????Оы???) ??й????Б?? ???Б?? ?? ???? ?????? ???? ▲????? ????? ?? ????Б ????????? ?Б?????? 35 ??? 36 ??? 37 ??? 38 ??? 39 ??? 40 ??? 41 25? 1? 1??? 25,039,944,560.00 19,273,551,585.37 2,492,518,245.54 4,365,471,466.89 19,871,947,928.78 33,740,663,038.48 104,784,096,825.06 1,606,430,559.77 26,958,398,259.94 133,348,925,644.7 ??????? ▲澝?????? - - 569,370,923.85 - - 4,284,169,415.95 4,853,540,339.80 31,411,538.03 474,686,136.99 5,359,638,014.8 и澝?Б????????? 1 ?? - (12,028,983.88) - - - - (12,028,983.88) 32,964,105.09 - 20,935,121.2 ?澝???? 1 ▲???????? - - - - 24,528,187.81 (24,528,187.81) - - - - 2 ??Б??? - - - - - (1,151,837,449.76) (1,151,837,449.76) (96,757.62) - (1,151,934,207.33 ??????? ?????? - - - - - - - - (957,240,000.00) (957,240,000.0 ?澝?Б?????? 1 ???????? ???? - - 155,024,096.86 - - (155,024,096.86) - - - - 25? 6? 30??? (????) 25,039,944,560.00 19,261,522,601.49 3,216,913,266.25 4,365,471,466.89 19,896,476,116.59 36,693,442,720.00 108,473,770,731.22 1,670,709,445.27 26,475,844,396.93 136,620,324,573.4 ???????О??????????澞 125 ???????????? ????Б????? ?? 2026? 6? 30?? 6З??? (???????????Оы???) ?? ???? ?????? ???? ▲????? ????? ?Б??? 026? 1? 1??? 25,039,944,560.00 23,811,448,219.46 18,736,383.73 3,944,250,116.60 3,849,860,528.88 1,900,668,846.98 58,564,908,655.6 ??????? ▲澝?????? - - (18,871,071.69) - - 3,503,941,327.66 3,485,070,255.9 и澝???? 1 ??Б??? - - - - - (1,877,995,842.00) (1,877,995,842.0 026? 6? 30??? (????) 25,039,944,560.00 23,811,448,219.46 (134,687.96) 3,944,250,116.60 3,849,860,528.88 3,526,614,332.64 60,171,983,069.6 ?? ???? ?????? ???? ▲????? ????? ?Б??? 025? 1? 1??? 25,039,944,560.00 23,811,448,219.46 18,919,269.67 3,774,999,864.46 3,849,860,528.88 2,405,652,087.09 58,900,824,529.5 ??????? ▲澝?????? - - (8,979,087.17) - - 1,668,283,480.86 1,659,304,393.6 и澝???? 1 ??Б??? - - - - - (1,151,837,449.76) (1,151,837,449.7 025? 6? 30??? (????) 25,039,944,560.00 23,811,448,219.46 9,940,182.50 3,774,999,864.46 3,849,860,528.88 2,922,098,118.19 59,408,291,473.4 ???????О??????????澞 126 ???????????? ?????? (???????????Оы???) ▲ ?????? ???????????? (?????????) ??????????????? (??? ???????) 澞???????????????????????????й 1996? ??????????????????й 2015? 1? 16???О?????????? ????澞 ???????????й 1988?????????1992???О??????????? Оы?? 600,000,000.00?澞?????????й 1988?????????????Оы ?? 35,000,000.00?????Оы?? 652,080,000.00?澞?И?ы????? [1996] 200??????????????????Б???????????Б???О??ы? ????????????????????Оы?? 1,320,000,000.00???????з ?????????????澞 ? 2002? 3? 4?И?????????? (?????????)澦?й???????? ?????????????澧(????? [2002] 61?) ?????????????Оы ?? 4,215,760,000.00???????з?????????????澞 ? 2005? 9? 28????澦?й????????????????????????? ???澧(????? [2005] 100?) ???И??????????? (?????И?? ??) ?ы?? 2,500,000,000.00???????? 2,500,000,000?????????з?????????????澞??????????????Оы?? 6,715,760,000.00 ?????????????????? 310000000046991????ы????澞 ? 2012? 2? 24?????????澦?й?????????????????? 5%? ?????Б???澧(?????? [2012] 42?) ???И?????????????? ?澝?????ф??????澝??????????澝???????ф??????? ?????????? 1,218,967,798???澞????????И??????????? ??? 3,718,967,798?澞 й 2014? 7? 25???????????????? (??????????) ??澦?? ?????????????????????????????澧(?????????? ????) 澞??????????????????????Б?? A????????? ?Б???????????澞й 2014? 12? 1???????澦?й???????? ???????????????????????????澧(???? [2014] 1279?)? ?????????????????澞 й 2015? 1? 15???????澦?й???????????????? 2????? ??澧(???? [2015] 95?)???????????????????????ф??? ????????????????????????????????????????? ????????????????????????澞???????????????? ????澞???????????嗋з??и?????????????О?????? ??????????й 2015? 1? 16???д?????????????????澞 й 2015? 1? 20???????????????????д???????????? ??????????澞??????????????????ы?? 10ь?????? ???????????????????????ф??ы?? 12ь????????? ???????澞 й 2015? 1? 23?????с????????????????? 1?2.049????? ???????????澞????И??????? 8,140,984,977??????澞??? ?с???????????????Оы?? 14,856,744,977.00??????О 14,856,744,977?澞 й 2015? 1? 26??????????????????с????с??????О ???????????О?000166?澞 й 2016? 7? 6?????? 2015? 12? 31???? 14,856,744,977?О???????Б? 10??????? 3.50????????ы?? 5,199,860,741.00??????? ??? 20,056,605,718???й 2016? 11? 1???д??????????????? ???????澞 й 2018? 1? 16??????????????????ы?? 11,972,900,760.32??? И????ы?? 2,479,338,842.00??????ы?? 9,493,561,918.32?澞????????????Оы?? 22,535,944,560.00??????????? 100% 澞 й 2019? 4? 26??????????с?????? (????с??) П???? 2,504,000,000? H?澞?????????????О 25,039,944,560?澞 ???????И???Х????????ч?? 358??????? 20??????? ???И??ч????????? 19?澞 ????????? (?????????) ???з?П?????О??????澝壝?壝 ???澝??????澝?????????澝???ф????澝??????澝???? ????澝??????澝??????????????澞 й 2026? 6? 30?????????ы? 11,336ы (?????澝????ы?)??И? ??嗋з?????ы?ы? 14ы澞 ?????????嗋з?й 2026? 8? 27?????澞 и ????????? ?И???????И?ы??????? (?????????) й 2006? 2? 15??? ??????澦???????????澧澝????????????? (??????? ?????) ??澞 ?И?????????????澦??????? 32??И?????澧?И????? ????????澦????????????????????? 3?????????? ???澧(2025???) ??????????????澞?И????????????? ????????▲??????????????????????И????????? ????? 2025??????▲???澞 ?И??????????О????澞 ? ??????????? ?И???????澦??????? 32??И?????澧??????澝?????д ??????? 2026? 6? 30???????????????? 2026? 6? 30?? 6 З???????????????????澞 ? ???????? 1 ???????????? ???й????д???й???????????????????П???? -澦????????? 19?澧(?? [2025] 32?) -澦????????? 20?澧(?? [2026] 7?) ?????????????????????ф?????澞 ??????????? ?? 2026? 6? 30?? 6З?????? ?????????? ???? ??????????П???? П???? / ??? ??? ???? ??? ???? ???? ?????? (?) ????? (?) ?? ?? ?? ? ?????????澝壝?壝?澝 ????????? ?? ы?? 535ь? ????澝?ф??????? 100% - 100% ??????????? ??Х??? ы?? 57ь? ?????壝?壝? - 100% - 100 ??????????????? ??Х??? ы?? 10ь? ????????? - 100% - 100 ??????????? ?? ы?? 1.5ь? ?????? - 67% - 67 ?????????????? ?? ы?? 2,000?? ?????? - 90% - 90 ????????????? ?? ы?? 25ь? ??????????? - 100% - 100 ????????? ?? ы?? 10ь? ??????????? - 100% - 100 ??? (??) ?????? ?? ы?? 6ь? ?????? - 100% - 100 ????????? (?ч) ???? ?ч ы?? 1,000?? ?????? - 100% - 100 ????????????????? ???? ы?? 3,000?? ?????? - 51% - 51 ????????????????? ??僖? ы?? 2,000?? ?????? - 60% - 60 ???с?ф壝 (??) ???????? ?? ы?? 1,000?? ?????? - 51% - 51 ????????? ??Х??? ы?? 10ь? ?????? 100% - 100% ???ф??????????? ??Х??? ы?? 2ь? ?????? 100% - 100% ??? (??) ?????? ?? ?? 40.71ь? ???? Shenwan Hongyuan (International) Holdings Limited - 100% - 100????ф?????????????? ???? ы?? 1,000?? ?????? - 51% - 51 ??????????????? ???? ы?? 612?? ?????? - 100% - 100 ??????ф?????? ?? ы?? 25ь? ?ф???? - 100% - 100 ????? (?ч) ?????????? ?ч ы?? 1ь? ?????? - 100% - 100 131 ??????????? ?? 2026? 6? 30?? 6З?????? ▲????????????? П???? / ??? ??? ???? ??? ???? ???? ?????? (?) ????? (?) ?? ?? ?? ? ??????? ?ч ы?? 10ь? ?????? 100% - 100% ??????????? ?ч ы?? 5ь? ?????? 100% - 100% ????????? ?ч ы?? 20ь? ?????? 100% - 100% ?▲??????????П???? П???? / ??? ??? ???? ??? ???? ???? ?????? (?) ????? (?) ?? ?? ?? ? ????????? ?? ы?? 14.42ь? ?????? - 100.00% - 100.00 ????澝???壝澝?ф? ??? (??) ???? ?? ?? 27.82ь? ?澝壝??帡?????? Shenwan Hongyuan (H.K.) Limited - 64.90% - 64.90 ? ????????О????????????????????Ф???????Ы???????????Ф???????О???????????????????????????????Ф?澞 132 2 ???П????????????????????? ?????????З???П?澞О???????????П?????П?????? ?????????П??????????????????ц????????П??? ????? (??????ф???????????) ????????П???????澞 ?????????????????????П?????澝????????П???? ???ц?????????????????????П??????????????? ?О?????????П?????????П???????????澞 й 2026? 6? 30???????????????П?????????????ф?? ?????????????????????澞????????????П???ф?? ??Оы?? 90,180,195,554.73? (2025? 12? 31??ы?? 88,751,238,359.08?)澞 й 2026? 6? 30??????О?????П??????????????????? ???澞 3 ??????????????????????????????? й 2026? 6? 30???????????????????????????????? ??????? (2025? 12? 31???)澞 4 ?????????????????????????? й 2026? 6? 30???????????????????????????????? (2025? 12? 31???)澞 5 ??????????? й 2026? 6? 30???? 80?ф?????ц??????????????????? ???? (2025? 12? 31??81?)澞 6 ?????????????? (1) ??????????????? ???????????????????澞 (2) ?????????????? ????????????????????澞 7 ??????▲??????? ???????????▲???????澞 8 ???????▲??????? ????????????▲???????澞 9 ??????П?????????? ???П????????????О???????????????????????? ??ф??????????с????????????????О? ???? ????????? 2026? 2025? 2026? 2025? 6? 30? 12? 31? 6? 30? 12? 31? ?? 0.86855 0.90322 0.88105 0.91617 ? ?????????? 1 ???? (1) ????? 2026? 6? 30? ???? ???? ы???? ?? ы?? 2,563.29 1.00000 2,563.29 ?? 72.22 6.81090 491.89 ?? 59,776.20 0.86855 51,918.62 ???? 23,843.60 ?? 78,817.40 -------------------- ???? ???? ы?? 44,708,874,391.47 1.00000 44,708,874,391.47 ?? 267,337,760.11 6.81090 1,820,810,750.30 ?? 956,780,204.92 0.86855 831,011,446.98 ???? 85,097,372.48 ?? 47,445,793,961.23 -------------------- ???? ы?? 119,272,156,901.58 1.00000 119,272,156,901.58 ?? 521,294,848.25 6.81090 3,550,487,081.97 ?? 2,707,130,403.38 0.86855 2,351,278,111.86 ???? 44,685,755.19 ?? 125,218,607,850.60 -------------------- ?????? 172,664,401,811.83 -------------------- ?????? ы?? 552,623,050.12 1.00000 552,623,050.12 -------------------- ?? 173,217,103,679.35 ?????? (1,424,741.52) ?? 173,215,678,937.83 ?И?壝?壝??? 2026? 6? 30? ???? ???? ы???? ?????? ы?? 12,943,544,325.54 1.00000 12,943,544,325.54 ?? 40,257,874.98 6.81090 274,192,360.68 ?? 949,425,517.14 0.86855 824,623,532.91 ???? 28,468,485.33 ?? 14,070,828,704.46 2025? 12? 31? ???? ???? ы???? ?? ы?? 2,564.38 1.00000 2,564.38 ?? 72.22 7.02880 507.62 ?? 59,776.20 0.90322 53,991.06 ???? 11,380.42 ?? 68,443.48 -------------------- ???? ???? ы?? 34,436,393,214.96 1.00000 34,436,393,214.96 ?? 151,049,553.68 7.02880 1,061,697,102.92 ?? 872,880,328.46 0.90322 788,402,970.27 ???? 96,249,370.39 ?? 36,382,742,658.54 -------------------- ???? ы?? 107,313,189,972.28 1.00000 107,313,189,972.28 ?? 342,712,722.36 7.02880 2,408,859,182.94 ?? 3,211,980,790.47 0.90322 2,901,125,289.57 ???? 33,733,328.08 ?? 112,656,907,772.87 -------------------- ?????? 149,039,650,431.41 -------------------- ?????? ы?? 607,724,004.64 1.00000 607,724,004.64 -------------------- ?? 149,647,442,879.53 ?????? (1,575,349.27) ?? 149,645,867,530.26 ?И?壝?壝??? 2025? 12? 31? ???? ???? ы???? ?????? ы?? 10,619,597,572.82 1.00000 10,619,597,572.82 ?? 46,356,729.32 7.02880 325,832,179.04 ?? 1,085,257,312.19 0.90322 980,226,109.52 ???? 27,902,574.27 ?? 11,953,558,435.65 (2) ???????? й 2026? 6? 30????????????????Оы?? 1,346,338,745.44? (2025? 12? 31??ы?? 1,529,295,670.30?) 澞 2 ????? 2026? 6? 30? ???? ???? ы???? ??????? ы?? 12,368,305,861.40 1.00000 12,368,305,861.40 ?? 19,243,306.84 6.81090 131,064,238.58 ?? 178,171,587.42 0.86855 154,750,932.25 ???? 18,840.98 ?? 12,654,139,873.21 -------------------- ??????? ы?? 1,999,544.60 1.00000 1,999,544.60 -------------------- ??????? 12,656,139,417.81 -------------------- ??????? ы?? 13,404,755,939.91 1.00000 13,404,755,939.91 ?? 114,082,317.23 6.81090 777,003,254.40 ?? 199,354,331.84 0.86855 173,149,204.92 ???? 27,268,044.52 ?? 14,382,176,443.75 -------------------- ??????? ы?? 2,618,086,965.20 1.00000 2,618,086,965.20 -------------------- ??????? 17,000,263,408.95 ------------------- ?? 29,656,402,826.76 2025? 12? 31? ???? ???? ы???? ??????? ы?? 12,927,585,800.50 1.00000 12,927,585,800.50 ?? 13,601,824.00 7.02880 95,604,500.55 ?? 182,755,761.25 0.90322 165,068,658.68 ???? 20,005.63 ?? 13,188,278,965.36 -------------------- ??????? ы?? 1,999,736.92 1.00000 1,999,736.92 -------------------- ??????? 13,190,278,702.28 -------------------- ??????? ы?? 15,028,229,173.60 1.00000 15,028,229,173.60 ?? 73,343,974.11 7.02880 515,520,125.21 ?? 225,191,599.36 0.90322 203,397,556.37 ???? 19,611,564.68 ?? 15,766,758,419.86 -------------------- ??????? ы?? 1,447,041,560.76 1.00000 1,447,041,560.76 -------------------- ??????? 17,213,799,980.62 -------------------- ?? 30,404,078,682.90 3 壝??? (1) ??????? 2026? 2025? 6? 30? 12? 31? ?? ?И?Зы 98,295,843,247.32 85,351,198,133.54 ?? 13,082,118,820.60 9,478,193,848.08 ?? 111,377,962,067.92 94,829,391,981.62 ?????? (233,910,302.29) (208,464,268.50) ?????? 111,144,051,765.63 94,620,927,713.12 -------------------------- -------------------------- ?? ?И?Зы 788,175,157.92 888,506,975.80 ?? 178,430,034.50 463,874,414.88 ?? 966,605,192.42 1,352,381,390.68 ?????? (1,346.34) (3,201.30) ?????? 966,603,846.08 1,352,378,189.38 -------------------------- -------------------------- ?????? 112,110,655,611.71 95,973,305,902.50 (2) 壝?壝?????????? 2026? 2025? 6? 30? 12? 31? ?? 352,265,141,047.82 292,925,763,497.59 ?? 16,269,871,618.53 11,607,131,646.97 ?? 8,436,107,902.77 6,830,947,815.41 ?? 142,073,857.08 87,541,578.22 ?? 377,113,194,426.20 311,451,384,538.19 4 ???壝?ф????壝?? 2026? 6? 30? ????? ?У?? ???? ?ф ?? ?????? 168,345,250,040.12 8,184,333,153.58 (14,897,089,531.67) ?????? 537,462,874,371.52 145,190,155.01 (266,662,688.45) ?????? 113,452,444,946.08 564,151,557.50 (539,486,611.55) ?????? 3,785,940,349.48 8,140,089.50 (4,833,295.25) ?????? 230,000,000.00 44,767.88 (47,505.00) ?? 823,276,509,707.20 8,901,859,723.47 (15,708,119,631.92) 2025? 12? 31? ????? ?У?? ???? ?ф ?? ?????? 160,425,034,688.75 3,829,791,432.31 (8,073,143,118.07) ?????? 397,346,425,374.44 186,914,291.89 (150,979,941.14) ?????? 107,558,191,080.16 753,559,870.83 (1,403,179,074.43) ?????? 1,266,081,254.42 2,338,135.38 (914,759.69) ?????? 230,000,000.00 850,377.43 (726,796.30) ?? 666,825,732,397.77 4,773,454,107.84 (9,628,943,689.63) ???????????????????????????????澝????澝???? ?澝??л????????ф??????????????????????壝???? И澞й 2026? 6? 30??????????????壝???????????ы?? 385,864,720.50? (2025? 12? 31????ы?? 224,377,832.18 ?) 澞 5 ????? 2026? 6? 30? ???? ???? ы???? с???? ы?? 30,413,432,660.98 1.00000 30,413,432,660.98 ?? 1,225,346.39 6.81090 8,345,711.74 ?? 44,224,969.33 0.86855 38,411,597.11 ?? 30,460,189,969.83 -------------------- ????? ы?? 108,328,554.06 1.00000 108,328,554.06 -------------------- ????? ы?? 6,813,322,869.36 1.00000 6,813,322,869.36 ?? 46,294,065.30 6.81090 315,304,249.37 ?? 123,336,632.00 0.86855 107,124,031.72 ?? 7,235,751,150.45 -------------------- ?壝???? ы?? 92,215,572.10 1.00000 92,215,572.10 -------------------- ?? 37,896,485,246.44 （未完）  |