Northeast Securities Co., Ltd.
Stock Abbreviation: Northeast Securities Stock Code: 000686
(Address: No. 6666 Changchun Street, Changchun City)
Announcement on the Public Offering of Short-Term Corporate Bonds (Phase III) to Professional Investors in 2026
Issuer: Northeast Securities Co., Ltd.
Amount of this bond issuance: Not exceeding RMB 10 billion (inclusive)
Guarantor: Unsecured
Lead Underwriter/Trustee: Great Wall Securities Co., Ltd.
Credit Rating Agency: United Credit Ratings Co., Ltd.
Issuer Credit Rating: AAA
Credit Rating of this Bond: A-1
Lead Underwriter, Bookrunner, Bond Trustee: Great Wall Securities Co., Ltd.
(Address: Units 10-19, South Tower, Energy Building, No. 2026 Jintian Road, Futian Street, Futian District, Shenzhen)
Date of Signing: July 8, 2026
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The Company and the entire Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed in this announcement and assume joint and several liability for any false representations or material omissions.
IMPORTANT NOTICE
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Northeast Securities Co., Ltd. (hereinafter referred to as the "Issuer," "the Company," or "the Company") has obtained approval from the China Securities Regulatory Commission (CSRC) with the document No. (2024) 1732, dated November 29, 2024, for the public offering of short-term corporate bonds with a face value not exceeding RMB 5 billion (hereinafter referred to as "this bond").
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This bond is issued in installments. Northeast Securities Co., Ltd. 2026 Public Offering of Short-Term Corporate Bonds to Professional Investors (Phase III) (hereinafter referred to as "this bond") is the eighth installment of the approved issuance. The issuance size of this bond shall not exceed RMB 1 billion (inclusive of RMB 1 billion). Each bond has a face value of RMB 100, the number of bonds issued shall not exceed 10 million, and the issue price is RMB 100 per bond. This bond is abbreviated as "26 Northeast D6" and its bond code is "524891.SZ".
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In accordance with the "Securities Law" and other relevant regulations, this bond is exclusively offered to institutional investors among professional investors. Retail investors and individual investors among professional investors are not permitted to participate in the subscription. After this bond is listed, investor suitability management will be implemented, and only institutional investors among professional investors will participate in trading. Any trading activities by retail investors or individual investors among professional investors for subscription or purchase will be invalid.
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United Credit Ratings Co., Ltd. has rated this bond as A-1 and the Issuer's issuer credit rating as AAA, with a stable outlook, according to the "Northeast Securities Co., Ltd. 2026 Public Offering of Short-Term Corporate Bonds to Professional Investors (Phase III) Credit Rating Report."
Prior to the issuance and listing of this bond, as of March 31, 2026, the Company's net assets on a consolidated basis were RMB 21.122 billion, with a consolidated asset-liability ratio of 75.03%. The parent company's asset-liability ratio was 76.42% (the calculation of the asset-liability ratio excludes amounts from agency securities trading and agency underwriting). Before the issuance of this bond, the Company's net profit attributable to parent company shareholders on a consolidated basis for 2023, 2024, 2025, and January-March 2026 were RMB 668 million, RMB 874 million, RMB 1.451 billion, and RMB 410 million, respectively. The average distributable profit for the last three fiscal years (2023, 2024, 2025) was RMB 998 million, which is expected to be no less than 1 times the annual interest of this bond. The Issuer's financial indicators prior to the issuance of this bond meet the relevant requirements.
- Upon completion of this issuance, the Company will promptly submit an application to the Shenzhen Stock Exchange for the listing of this bond.