点评：盖文国正式任职中银证券合规总监，表明公司合规管理迎来新领导，这或对中银证券的内部治理 和风险控制产生积极影响，投资者可能更关注其后续执行效果。 NO.3 前5个月私募证券基金备案量增逾45% 私募发行市场显著回暖。数据显示，截至5月底，今年以来新备案私募证券投资基金数量较去年同期增 长超45%。值得注意的是，不仅增量资金进场脚步加快，存量资金也积极谋攻。据统计，截至5月底， 股票主观多头策略型私募基金的平均仓位环比4月底小幅提升，其中高仓位私募占比明显增加。在业内 人士看来，伴随着政策效果逐步显现，增量资金加速进场，A股和港股的结构性机会将持续演绎，尤其 是中国优质科技企业的价值重估有望延续。 日前，证监会核准中央汇金成为三大AMC公司旗下8家金融机构的实控人。8家金融机构包括：3家券商 ——信达证券、东兴证券、长城国瑞证券；2家基金——东兴基金、信达澳亚基金；3家期货——东兴期 货、信达期货、长城期货。至此，中央汇金旗下基金公司达到6家，包括东兴基金、信达澳亚基金、中 金基金、银河基金、国泰基金、申万菱信基金。中央汇金旗下券商共计8家，分别为银河证券、中金公 司、中信建投、信达证券、东兴证券、申万宏源 ...

5月13日主力资金净流出114.55万元，占总成交额2.39%；游资资金净流出177.66万元，占总成交额 3.7%；散户资金净流入292.21万元，占总成交额6.09%。 以上内容为证券之星据公开信息整理，由AI算法生成（网信算备310104345710301240019号），不构成 投资建议。 当日关注点 交易信息汇总：5月13日主力资金净流出114.55万元，占总成交额2.39%；游资资金净流出177.66 万元，占总成交额3.7%；散户资金净流入292.21万元，占总成交额6.09%。 交易信息汇总 截至2025年5月13日收盘，全 聚 德(002186)报收于10.57元，上涨0.96%，换手率1.48%，成交量4.55万 手，成交额4795.91万元。 董秘最新回复 投资者： 端午节将至，全聚德在粽子销售上采取了哪些措施？对在京机关、国企、学校等单位如何营 销？ 董秘： 尊敬的投资者，您好。公司十分重视节令产品的营销，对于2025年端午节粽子销售工作，公司 食品板块结合渠道特点规划了营销方案。一方面通过线上直播带货、电商平台限时折扣及企业团购专属 优惠促销，推进2025年粽子产品动销，另一方面通过 ...

Economic Outlook - In 2024, the global economy is expected to show moderate recovery, with the US labor market remaining resilient and consumer demand stable, while inflation may decline slower than anticipated [9]. - The GDP of mainland China grew by 5.0% year-on-year in 2024, supported by strong external demand and inventory replenishment, with exports increasing by 5.9% [6]. - The company anticipates that the economic growth rate in 2025 will remain around 5%, despite short-term pressures on growth [9]. Market Performance - The Hang Seng Index rose by 17.67% in 2024, with the average daily trading volume on the main board reaching HKD 131.8 billion, a 26% increase compared to 2023 [7]. - In 2024, the number of new IPOs in Hong Kong decreased slightly to 67, while total fundraising increased to approximately HKD 87.7 billion, a year-on-year growth of about 102% [7]. - The A-share market saw a decline in new listings, with only 100 new stocks launched in 2024, a decrease of 68.05% year-on-year, raising a total of RMB 67.35 billion, down 81.11% [6]. Financial Performance - In 2024, the group's revenue decreased by 91% year-on-year to HKD 56 million, down from HKD 618 million in 2023 [14]. - The group recorded a loss attributable to shareholders of HKD 161 million in 2024, an improvement from a loss of HKD 192 million in 2023 [14]. - Commission and fee income increased by 3% to HKD 232 million in 2024, compared to HKD 225 million in 2023 [15]. - Interest income decreased by 12% to HKD 239 million in 2024, down from HKD 272 million in 2023 [15]. Business Segments - The wealth management business revenue decreased by approximately 12% year-on-year, with commission and fee income growing by 7% to HKD 70 million in Q4 2024 [19]. - The group achieved a significant turnaround in investment business, reporting a profit of HKD 10,000 in 2024 compared to a loss of HKD 71,000 in 2023 [18]. - Corporate finance business commission and fee income rose by 28% to HKD 90 million in 2024, up from HKD 70 million in 2023 [21]. Strategic Initiatives - The company plans to focus on expanding domestic demand and boosting consumption growth, alongside increasing infrastructure investment to stabilize economic recovery [9]. - The company will continue to optimize its trade layout in response to complex international trade environments and external pressures [9]. - The group aims to enhance its financial service capabilities and optimize its asset-liability structure while accelerating digital transformation [12]. Environmental, Social, and Governance (ESG) Efforts - The company aims to reduce direct greenhouse gas emissions from company vehicles to 12.48 tons, a 15% decrease from the end of 2019 [58]. - Direct greenhouse gas emissions from company vehicles in 2024 were reported at 2.99 tons of CO2, a reduction of approximately 38.85% compared to the previous year [56]. - The total greenhouse gas emissions (Scope 1 and 2) for 2024 were 464.57 tons, down 8.25% from 506.21 tons in 2023 [60]. - The company has identified 18 key ESG issues for 2024, including "Customer Information Security" and "Employee Welfare," which are deemed critical for stakeholders [54]. Employee and Training Metrics - The total number of full-time employees decreased to 256 in 2024 from 283 in 2023, with total employee costs amounting to approximately HKD 233 million, down from HKD 249 million in 2023 [45]. - A total of 196 employees received training in 2024, a decrease of 19% from 242 in 2023 [79]. - The percentage of employees receiving training in 2024 was 12.5%, a slight decrease from 14% in 2023 [79]. Corporate Governance - The company has maintained high levels of corporate governance, adhering to all applicable code provisions under the Hong Kong Stock Exchange Listing Rules for the year ending December 31, 2024 [110]. - The board consists of eight directors, including three executive directors and five non-executive directors, ensuring a balanced composition for independent judgment [116]. - The company emphasizes effective risk and compliance management as part of its core values to create sustainable long-term value for shareholders [111]. Risk Management - The company has implemented a "three lines of defense" model for effective risk management and internal control systems [162]. - The risk management department operates independently from business units to ensure effective monitoring and compliance with policies and procedures [164]. - The company has established a credit risk management framework to monitor customer accounts and ensure compliance with credit policies [175]. Shareholder Engagement - The company has adopted a shareholder communication policy to maintain ongoing dialogue with shareholders, which is regularly reviewed for effectiveness [199]. - Shareholders can propose resolutions at the annual general meeting if they represent at least 2.5% of the voting rights or at least 50 shareholders [198]. - The company has provisions for shareholders to request special general meetings if they hold at least 5% of the voting rights [194].

文/梧桐数据中心 榜单前三名： 随着4月25日众捷汽车（301560）在创业板上市，2025年1-4月A股合计新上市公司37家，其中沪市主板8家、科创板5家、深市主板5家、创业板16家、北交所3家。 相较去年同期的35家，同比增长5.71%。这37家新上市公司募资净额为219.58亿元，相较去年同期的237.06亿元，同比下降7.37%。 一、保荐机构业绩排名 2025年1-4月，共有22家保荐机构承担了这37家新上市公司的IPO上市业务。 第一名：国泰海通（5单）（注：国泰君安与海通证券合并计算，其中海通证券有3单，国泰君安有2单） 第二名：华泰联合（4单）、中信证券（4单） | 排名 | 保存机构 | 业务更数 | | --- | --- | --- | | | 国泰海通 | 5 | | | 华泰联合 | 4 | | 2 ● | > 中信证券 | | | --- | --- | --- | | 40 | | | | 5 | UIVVV 东兴证券 | | | 5 | 申万宏源 | 2 | | 5 | 天风证券 | 2 | | 8 | 华安证券 | 1 | | 8 | 东方证券 | 1 | | 8 | 光大证 ...

截至4月22日，已有26家上市券商发布了2024年年报，其中大型券商悉数披露完毕，新前十强名单浮出水面。 以归母净利润计算，与上一年相比，最新排行前十的券商名单中有3家座次生变。在业务结构方面，自营业务撑场 面，经纪业务显著回暖，投行业务仍然承压，资管业务则表现分化。 随着行业格局持续优化，多家大型券商在2024年度业绩说明会上分享了最新战略打法。 券商业绩十强座次生变 按照2024年年报披露的归母净利润排序，证券行业前十依次为中信证券、华泰证券、国泰海通、招商证券、中国银 河、广发证券、国信证券、中信建投、中金公司、申万宏源。这10家券商的归母净利润合计为1064.78亿元，占全行 业净利润的比重为64%。 需要注意的是，国泰海通仅计国泰君安业绩，如果按照与海通证券模拟合并的财务报表，总营收的位次仍然是第二 名，但净利润指标将跌至第七名。 在不计入海通证券的情况下，行业前十呈现"一超多强"格局。中信证券以637.89亿元的营收、217.04亿元的归母净利 润与之后的券商拉开明显差距。华泰证券、国泰海通、招商证券、中国银河这4家也稳居归母净利润"百亿俱乐部"。 中金公司和申万宏源相对薄弱，归母净利润在50亿至 ...

Group 1 - The core viewpoint of the news is that the recent evaluation results of securities companies by the Beijing Stock Exchange and the National Equities Exchange and Quotations reflect the competitive landscape and performance of various brokerages in the market, highlighting the strong performance of leading firms and the strategic positioning of smaller firms [1][2][4] Group 2 - In the first quarter of 2025, a total of 103 securities firms participated in the evaluation, with 102 firms scoring above 100 points. The top three firms were CITIC Securities with 152.22 points, Huatai Securities with 138.42 points, and Kaiyuan Securities with 128.03 points [2][3] - The evaluation system includes a professional quality score and compliance quality deductions, with a base score of 100 points, leading to significant changes in rankings compared to the previous year [2][3] - The top three firms in professional quality scores were CITIC Securities, Huatai Securities, and Kaiyuan Securities, with scores of 52.22, 38.42, and 30.31 respectively [3] Group 3 - Smaller securities firms are increasingly focusing on niche markets, particularly in the rapidly developing Beijing Stock Exchange and the New Third Board, to create differentiated competitive advantages [4][5] - Several smaller firms, such as Shichuang Securities and Guoyuan Securities, are actively developing their investment banking capabilities, targeting specialized clients and enhancing their service offerings [4][6] - The rapid growth of the Beijing Stock Exchange presents opportunities for smaller firms to establish a strong presence in specific business segments, avoiding direct competition with larger firms [5][6]

天眼查商业履历信息显示，深圳市怡亚通供应链股份有限公司，成立于1997年，位于深圳市，是一家以 从事批发业为主的企业。企业注册资本259700.9091万人民币，实缴资本103729.4424万人民币。公司法 定代表人为周国辉。 通过天眼查大数据分析，深圳市怡亚通供应链股份有限公司共对外投资了111家企业，参与招投标项目 1356次，知识产权方面有商标信息338条，专利信息23条，此外企业还拥有行政许可66个。 来源：金融界 金融界消息 截至2025年4月7日收盘，怡 亚 通（002183）报收于4.16元，下跌9.96%，换手率2.12%，成 交量54.94万手，成交金额2.32亿元。 资金流向方面，今日主力资金净流出3361.56万元，占比成交额14.48%。其中，超大单净流出1552.31万 元、占成交额6.69%，大单净流出1809.25万元、占成交额7.79%，中单净流出流入747.13万元、占成交 额3.22%，小单净流入2614.43万元、占成交额11.26%。 怡亚通最新一期业绩显示，截至2024三季报，公司营业总收入584.41亿元、同比减少14.41%，归属净利 润6126.98万元，同比 ...

Financial Performance - The total revenue for the year ended December 31, 2024, was HKD 55,897,000, a decrease from HKD 618,215,000 in 2023, representing a decline of approximately 91%[2] - The net loss for the year was HKD 160,726,000, an improvement from a loss of HKD 192,454,000 in the previous year, indicating a reduction in losses of approximately 16.4%[3] - The total comprehensive loss for the year was HKD 160,831,000, compared to HKD 169,705,000 in 2023, showing a decrease of about 5.1%[3] - The group reported a pre-tax loss of HKD 133.57 million for the year ended December 31, 2024, compared to a pre-tax loss of HKD 124.53 million in 2023[14] - Total revenue and other income for the year ended December 31, 2024, was HKD 306.24 million, a decrease from HKD 574.35 million in 2023[16] - The group recorded a loss attributable to shareholders of HKD 161 million in 2024, compared to a loss of HKD 192 million in 2023[35] Assets and Liabilities - Non-current assets decreased significantly to HKD 74,185,000 from HKD 405,398,000, a decline of approximately 81.7%[4] - Current assets also saw a reduction, totaling HKD 8,708,755,000 compared to HKD 12,446,464,000 in 2023, representing a decrease of about 30.5%[4] - The total liabilities decreased from HKD 10,014,755,000 in 2023 to HKD 6,152,199,000 in 2024, indicating a reduction of about 38.5%[4] - The company's equity attributable to ordinary shareholders decreased to HKD 2,629,347,000 from HKD 2,790,178,000, a decline of approximately 5.8%[5] - The company's accounts payable decreased to HKD 3,438,149,000 in 2024 from HKD 5,945,953,000 in 2023, reflecting a 42.1% reduction[27] Income and Expenses - Interest income calculated using the effective interest method increased to HKD 251,585,000 from HKD 200,307,000, reflecting a growth of about 25.5%[2] - Interest income from bank and other sources decreased to HKD 149.80 million in 2024 from HKD 173.69 million in 2023[16] - The group incurred interest expenses related to loans amounting to HKD 12.82 million in 2024, a decrease from HKD 72.29 million in 2023[18] - The estimated tax provision for the year was HKD 27.16 million, down from HKD 67.93 million in the previous year[20] Shareholder Returns - The company did not declare any dividends for the year, maintaining a consistent policy from the previous year[2] - The company did not declare any final dividends for the year ended December 31, 2024, consistent with the previous year[29] Market and Business Operations - The global economic environment in 2024 showed a mixed recovery, with the US economy growing moderately at 5.0% and the European economy facing continued pressure[31][32] - The average daily trading volume of the Hong Kong main board reached HKD 131.8 billion in 2024, a 26% increase from 2023[34] - The number of new IPOs in Hong Kong decreased slightly to 67 in 2024, while total fundraising increased by approximately 102% to HKD 877 million[34] - The group ranked 6th among Chinese brokers in Hong Kong IPO underwriting, participating in 15 projects during the reporting period[45] - The group completed 312 offshore bond projects, ranking 5th among Chinese brokers in offshore bond underwriting, focusing on RMB internationalization and green finance[46] Business Segments - Commission and fee income increased by 3% to HKD 232 million in 2024, despite a long-term market downturn[36] - Wealth management business revenue decreased by approximately 12% year-on-year, with commission and fee income growing by about 7% to HKD 70 million in Q4 2024[39] - Corporate finance business commission and fee income rose by 28% to HKD 89 million in 2024[42] - The investment business recorded a significant loss of HKD 436 million due to valuation adjustments[42] - The asset management business faced challenges with commission income dropping by 39% to HKD 11.26 million due to market volatility and regulatory pressures[52] Compliance and Future Outlook - The group is currently evaluating the impact of new accounting standards that are expected to be adopted in the future, with no significant impact anticipated on the consolidated financial statements[12] - The company plans to focus on high-quality development and enhance its overseas platform's professional advantages, actively integrating into the Guangdong-Hong Kong-Macao Greater Bay Area and the Belt and Road Initiative[55] - The company aims to optimize its business structure and enhance financial service capabilities while improving compliance and risk management systems[55] - The group is committed to improving compliance and risk management while seizing market opportunities in the second half of 2024[48] Employee and Operational Metrics - The total number of full-time employees decreased to 256 as of December 31, 2024, from 283 in 2023, with total employee costs amounting to approximately HKD 233 million, down from HKD 249 million[67] - The company has maintained a policy of ensuring sufficient liquidity to meet debt repayment obligations[57] Financial Position - As of December 31, 2024, the company issued a total of 1,561,138,689 ordinary shares, with total equity attributable to ordinary shareholders approximately HKD 2.629 billion, a decrease from HKD 2.790 billion as of December 31, 2023[56] - The company held cash of HKD 440 million as of December 31, 2024, down from HKD 1.287 billion in 2023, and financial assets measured at fair value amounted to HKD 3.032 billion, down from HKD 3.663 billion[58] - The company's unused bank credit facilities totaled HKD 7.406 billion as of December 31, 2024, compared to HKD 8.001 billion in 2023[58] - The current ratio (current assets to current liabilities) improved to 142% as of December 31, 2024, from 124% in 2023, while the debt-to-equity ratio decreased to 17% from 23%[58] Audit and Reporting - The preliminary financial results for the year ending December 31, 2024, have been verified by Deloitte, confirming alignment with the audited consolidated financial statements approved by the board on March 28, 2025[72] - The annual report for 2024 will be distributed to shareholders and will be available on the Hong Kong Stock Exchange and the company's website[73] - The board of directors consists of seven members, including four executive directors and three independent non-executive directors[73]

中信证券排名第一，业务单数为2单；东兴证券、国元证券、华泰联合证券、平安证券、申港证券、申万宏源证券、天风证券、中国银河证券、中泰证券、中信建 投证券这10家券商各1单。 文/梧桐数据中心 随着1月27日海博思创（688411）、亚联机械（001395）两家公司成功上市，2025年1月A股合计新上市公司12家，其中沪市主板1家、科创板4家、深市主板2家、 创业板4家、北交所1家。相较去年同期的14家，同比下降14.29%。这12家新上市公司募资净额为62.70亿元，相较去年同期的106.99亿元，同比下降42.82%。 一、保荐机构业绩排名 2025年1月，共有11家保荐机构承担了这12家新上市公司的IPO上市业务。 | 1 | 本六世須 | TV | | --- | --- | --- | | 2 | 、国元証券TONWOOD TREE | | | 2 | 华泰联合证券 | 1 | | 2 | 平安证券 | 1 | | 2 | 申港证券 | 1 | | 2 | 申万宏源证券 | 1 | | 2 | 一天风证券 | | | 2 01 | 中国银河证券 | | | 2 | 中泰证券 | | | 2 | 中信建投 ...

NR 25 Y SHENWAN HONGYUAN SHENWAN HONGYUAN (H.K.) LIMITED 申 萬 宏 源 （ 香 港 ） 有 限 公 司 (於香港註冊成立之有限公司) (股份代號：218) 2024 中期報告 目錄 頁次 公司資料 2 業績 3 簡明綜合損益表 3 簡明綜合損益及其他全面收益表 4 簡明綜合財務狀況表 5-6 簡明綜合權益變動表 7 簡明綜合現金流量表 8-9 簡明綜合財務報表附註 10-27 管理層探討與分析 28-36 其他資料 37-40 申萬宏源（香港）有限公司 二零二四年中期報告 1 1 公司資料 | --- | --- | |------------------------|--------------------------------------| | | | | 董事 | 公司秘書 | | 執行董事 | 張啟昌 | | 吳萌 （主席） | | | 談偉軍 | | | 梁鈞 （行政總裁） | 主要往來銀行 | | 胡憬 （首席風險官） | 中國銀行（香港）有限公司 | | | 上海銀行（香港）有限公司 | | 非執行董事 | 中信銀行（國際）有限公司 | ...