作者丨崔文静 编辑丨巫燕玲 券商行业迎来"大地震"！ 市场关注已久的中金公司合并消息终于落地，但此番合并对象并非此前市场猜测的银河证券， 而是东兴证券与信达证券。 这桩并购不仅是近期券商合并潮中最新且最引人注目的一例，更将直接引发行业座次的重磅洗 牌。 21世纪经济报道记者根据Wind数据梳理发现，合并后的新公司营业收入有望超越华泰证券， 跃居行业第三，总资产规模也将坐上第三把交椅，仅次于中信证券与国泰海通。这意味着，头 部券商的竞争格局正被重塑。 更为深远的是，此举被部分业内人士视为"汇金系"券商整合落下的第一子，背后蕴含着清晰的 资源整合与战略互补逻辑。 通过合并，中金公司将迅速吸纳东兴证券、信达证券遍布全国的近200家分支机构，极大弥补 自身零售网络的短板，实现高净值客户与广大零售客户资源的立体化融通。同时，中金公司也 有望借此获得在不良资产处置等领域的独特优势。 此次"三合一"并购并非孤立事件。纵观市场，从国泰君安与海通证券的强强联合，到国联证券 收购民生证券、浙商证券入主国都证券等多起案例，一场由政策引导、旨在优化资源配置、培 育一流投行的行业大整合已全面铺开。中国证券业，正迎来一个格局焕然一新的时 ...

Performance Highlights - Tencent Holdings (00700.HK) reported Q3 revenue of 192.87 billion yuan, a year-on-year increase of 15% and a quarter-on-quarter increase of 5%. Net profit reached 63.13 billion yuan, up 19% year-on-year and 13% quarter-on-quarter [2] - Semiconductor Manufacturing International Corporation (00981.HK) achieved Q3 sales revenue of 2.38 billion USD, a quarter-on-quarter increase of 7.8% and a year-on-year increase of 9.7%. Gross margin improved to 22.0%, up 1.6 percentage points quarter-on-quarter [3] - JD Group (09618.HK) reported Q3 total revenue of 299.06 billion yuan, a year-on-year increase of 14.85%, while net profit decreased by 55.03% to 5.28 billion yuan [4] - JD Logistics (02618.HK) recorded Q3 revenue of 55.08 billion yuan, a year-on-year increase of 24.1%, with operating profit rising by 125.3% to 1.24 billion yuan [5] - Bilibili (09626.HK) achieved Q3 net revenue of 7.69 billion yuan (1.08 billion USD), a year-on-year increase of 5%, and turned a profit with a net profit of 469 million yuan (65.9 million USD) [6] Company News - Heng Rui Medicine (01276.HK) received clinical trial approval for its drug, with similar products expected to generate global sales of approximately 11.04 billion USD in 2024 [7] - China Pacific Insurance (02601.HK) reported that for the first ten months, life insurance premium income reached 241.32 billion yuan, a year-on-year increase of 9.9% [8] - Zhong An Online (06060.HK) reported total original insurance premium income of approximately 29.82 billion yuan for the first ten months, a year-on-year increase of 5.18% [9] Buyback Activities - Yongsheng Services (01995.HK) plans to repurchase up to approximately 173 million shares, accounting for about 10% of the issued share capital [12] - Kintor Pharmaceutical (02171.HK) intends to repurchase up to approximately 25.46 million shares [13] - China Feihe (06186.HK) spent 87.86 million HKD to repurchase 20 million shares at prices ranging from 4.37 to 4.40 HKD [14]

Core Viewpoint - The company has adopted a stock option plan for 2025, aiming to enhance employee incentives and align their interests with shareholders [1] Group 1: Stock Option Plan - The board has resolved to grant 32.8 million stock options to three executive directors under the 2025 stock option plan [1] - Additionally, 27.8 million stock options will be granted to 29 other employees who are not directors, major executives, or major shareholders, pending the plan's effectiveness [1] Group 2: Share Buyback - The board believes that the current trading price of the shares does not fully reflect the company's value [1] - Depending on market conditions and the company's actual needs, the board may repurchase up to 172,855,400 shares, representing 10% of the total shares issued as of the annual general meeting date [1] - The cost of the repurchased shares will be paid from the company's existing cash reserves, and the repurchased shares will either be used as treasury shares for the 2025 stock option plan or canceled [1]

Core Points - The company, Yongsheng Services (01995.HK), announced the adoption of the 2025 Share Option Plan, which requires shareholder approval at a special general meeting to be effective [1] - The board resolved to grant a total of 32.8 million share options to three executive directors and 27.8 million share options to 29 other employees, pending the plan's effectiveness [1] Summary by Categories Company Announcement - Yongsheng Services has adopted the 2025 Share Option Plan, which is classified as a share option scheme under the listing rules [1] - The plan will be subject to approval by shareholders at a special general meeting [1] Share Option Allocation - A total of 32.8 million share options will be granted to three executive directors: Zhou Hongbin, Lin Zhubo, and Zhou Di [1] - Additionally, 27.8 million share options will be granted to 29 non-director employees, pending the plan's implementation [1]

Core Viewpoint - The company has adopted a stock option plan for 2025, aiming to enhance employee incentives and align their interests with shareholders [1] Group 1: Stock Option Plan - The board has resolved to grant a total of 32.8 million stock options to three executive directors under the 2025 stock option plan [1] - Additionally, 27.8 million stock options will be granted to 29 other employees who are not directors, major executives, or significant shareholders, pending the plan's effectiveness [1] Group 2: Share Buyback - The board believes that the current trading price of the shares does not fully reflect the company's value [1] - Depending on market conditions and the company's actual needs, the board may repurchase up to 172,855,400 shares, which represents 10% of the total shares issued as of the annual general meeting date [1] - The cost of the repurchased shares will be funded from the company's existing cash reserves, and the repurchased shares will either be used as treasury shares for the stock option plan or canceled [1]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或完 整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部分內容而產生或因倚賴該等內 容而引致的任何損失承擔任何責任。 Ever Sunshine Services Group Limited 永升服務集團 有限公司 （於開曼群島註冊成立的有限公司） （股份代號：1995） (1) 建議採納 2025 年 購 股 權 計 劃； (2) 根 據 2025 年 購 股 權 計 劃 有 條 件 授 出 購 股 權；及 (3) 於場內回購股份之意向 (1) 建議採納2025年購股權計劃 董事會議決採納2025年購股權計劃。就上市規則第十七章而言，2025年購股權計 劃將構成涉及本公司就新股份授出購股權的股份計劃。因此，採納2025年購股權 計劃將須待（其中包括）股東於股東特別大會上批准後方可作實。 因此，將於股東特別大會上提呈一項普通決議案，以供股東考慮並酌情批准採納 2025年購股權計劃。 (2) 根據2025年購股權計劃有條件授出購股權 本公司將召開股東特別大會，以考慮及酌情批准建議採納2025年購股權計劃。一 份載有（其中 ...

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年10月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 永升服务集团有限公司 呈交日期: 2025年11月5日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 不適用 | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 01995 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 4,000,000,000 | HKD | | 0.01 HKD | | 40,000,000 | | 增加 / 減少 (-) | | | 0 | | | HKD | | 0 | | 本月底結存 | | | 4,000,000,000 | HKD | | 0.01 HKD | | 40,000,000 | 本月底法定/註冊股本總額： HKD 40,0 ...

Core Insights - The latest shareholder equity disclosures for 51 Credit Card (02051), Yongsheng Services (01995), Century United Holdings (01959), and China Carbon Neutral (01372) were made on October 27, 2025 [1] Group 1: Shareholder Changes - EasternGate SPC completely divested from 51 Credit Card, reducing its holdings from 101 million shares to 0 shares, resulting in a holding percentage change from 6.20% to 0% [2] - Lin Zhubo increased his holdings in Yongsheng Services from 500,000 shares to 600,000 shares, maintaining a holding percentage of 0.03% [2] - Yan Fei divested from Century United Holdings, reducing his holdings from 500,000 shares to 0 shares, resulting in a holding percentage change from 0.09% to 0% [2] - Legit Aiming Limited completely divested from China Carbon Neutral, reducing its holdings from 70 million shares to 0 shares, resulting in a holding percentage change from 11.84% to 0% [2]

Group 1 - The article reports on recent changes in shareholdings of specific companies, highlighting the increase in holdings by certain institutional investors [1] - Yongsheng Services (01995) saw an increase in shares held by Zhou Hongbin from 63.36 million shares to 63.46 million shares, maintaining a holding percentage of 3.67% [1] - Han Kong Holdings (01663) experienced an increase in shares held by both Wang Linbing and Chen Xiangling, from 1.333 billion shares to 1.351 billion shares, with the holding percentage rising from 54.10% to 54.82% [1] Group 2 - The changes in shareholdings may be influenced by corporate actions such as rights issues, consolidations, or stock splits, necessitating careful analysis of the actual circumstances [1]

Group 1 - The Vice Chairman of the board, Zhou Hongbin, increased his stake in Yongsheng Services (01995) by purchasing 100,000 shares at a price of HKD 1.82 per share, totaling HKD 182,000 [1] - After the purchase, the total number of shares held by Zhou is approximately 63.4608 million, representing a holding percentage of 3.67% [1]