Stock Abbreviation: Northeast Securities
Stock Code: 000686
Northeast Securities Co., Ltd.
(Address: No. 6666, Changchun Ecological Street)
Announcement on the 2026 Public Offering of Short-Term Corporate Bonds for Professional Investors (Phase IV)
Issuer: Northeast Securities Co., Ltd.
Amount of this Bond Issuance: Not exceeding RMB 15 billion (inclusive)
Guaranty Status: Unsecured
Lead Underwriter/Trustee: Great Wall Securities Co., Ltd.
Credit Rating Agency: United Credit Ratings Co., Ltd.
Issuer Credit Rating: AAA
Rating of this Bond: A-1
Lead Underwriter, Bookrunner, Bond Trustee:
Great Wall Securities Co., Ltd.
(Address: Floors 10-19, South Tower, Energy Building, No. 2026 Jintian Road, Futian Subdistrict, Futian District, Shenzhen)
Date of Signing: August 7, 2026
The Company and all members of the Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed in this announcement, and bear joint liability for any false records, misleading statements, or material omissions.
Important Notes
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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 Program").
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This Bond Program will be issued in installments. The 2026 Public Offering of Short-Term Corporate Bonds for Professional Investors (Phase IV) by Northeast Securities Co., Ltd. (hereinafter referred to as "this Bond") is the tenth issuance under the approval for this Bond Program. The issuance size of this Bond is not exceeding RMB 1.5 billion (inclusive), with a face value of RMB 100 per bond. The number of bonds issued is not exceeding 15 million, and the issue price is RMB 100 per bond. The short name for this Bond is "26 Northeast D7," and the bond code is "524944.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 listing, this Bond will be subject to investor suitability management, with only institutional investors among professional investors participating in trading. Subscriptions or purchases by retail investors and individual investors among professional investors will be invalid.
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According to the assessment by United Credit Ratings Co., Ltd. and based on the "Credit Rating Report for Northeast Securities Co., Ltd. 2026 Public Offering of Short-Term Corporate Bonds for Professional Investors (Phase IV)," the credit rating of this Bond is A-1, and the issuer's main body credit rating is AAA, with a stable outlook. As of March 31, 2026, prior to the issuance and listing of this Bond, 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 trading of securities and agency underwriting of securities). Before the issuance of this Bond, the consolidated net profit attributable to shareholders of the parent company for 2023, 2024, 2025, and January-March 2026 were RMB 6.68 billion, RMB 8.74 billion, RMB 14.51 billion, and RMB 4.10 billion, respectively. The average distributable profit for the last three fiscal years (2023, 2024, 2025) was RMB 9.98 billion, which is not less than one time the annual interest of this Bond. The Issuer's financial indicators meet the relevant regulations prior to the issuance of this Bond.