智通财经APP获悉，国泰海通发布研报称，预计2025H1上市券商业绩好于预期，归母净利润同比 +61.23%。从上市券商2025H1各项业务收入对营收增量贡献度看，预计投资业务对调整后营业收入增长 的贡献最大为60.51%，主因是权益市场相较2024H1收益率明显改善，且2025Q2单季度股、债两市收益 率环比/同比均提升。同时，经纪业务同比增长对调整后营收增量的贡献为32.40%，主因2025年上半年 市场交易额同比大幅提升。围绕科技与开放，市场投融资需求有望进一步提升，建议增持港股低估标的 与有并购预期标的。 国泰海通主要观点如下： 利率恢复下行，预计将驱动投资业绩超预期 预计2025H1上市券商业绩好于预期，归母净利润同比+61.23% 从上市券商2025H1各项业务收入对营收增量贡献度看，预计投资业务对调整后营业收入增长的贡献最 大为60.51%，主因是权益市场相较2024H1收益率明显改善，且2025Q2单季度股、债两市收益率环比/同 比均提升。同时，经纪业务同比增长对调整后营收增量的贡献为32.40%，主因2025年上半年市场交易 额同比大幅提升。此外，投行业务收入同比+19.45%至157.07 ...

新浪期货 根据交易所数据，截至7月22日收盘主力合约工业硅2509,涨跌+5.98%,成交量123.44万手，持仓数据显示前20席位呈现净 空，差额头寸为46416手。 根据合并数据显示，多头前三席位为国泰君安期货，总持仓56716、中信期货，总持仓39984、中信建投，总持仓35498；空头前三 席位为国泰君安期货，总持仓55297、浙商期货，总持仓42775、永安期货，总持仓41654； 主力合约前20席位中，多头增仓前三名分别是：海通期货、持仓14386、增仓4116，中信建投、持仓21107、增仓1591，银河期 货、持仓13590、增仓813；多头减仓前三名分别是：中信期货、持仓22088、减仓-2983，国泰君安期货、持仓45744、减 仓-2085，东证期货、持仓12153、减仓-1884； 主力合约前20席位中，空头增仓前三名分别是：永安期货、持仓32168、增仓2044，浙商期货、持仓16192、增仓1498，一德期 货、持仓6924、增仓739；空头减仓前三名分别是：中信期货、持仓13608、减仓-1580，国泰君安期货、持仓38069、减仓-1569， 广州期货、持仓10062、减仓-5 ...

主力合约前20席位中，多头增仓前三名分别是：国泰君安、持仓12697、增仓1039，海通期货、持仓8720、增仓667，东证期货、 持仓6368、增仓387；多头减仓前三名分别是：中信期货、持仓16427、减仓-912，国投期货、持仓2118、减仓-242，广发期货、 持仓2066、减仓-191； 主力合约前20席位中，空头增仓前三名分别是：海通期货、持仓5772、增仓615，国信期货、持仓3370、增仓304，招商期货、持 仓2817、增仓266；空头减仓前三名分别是：中信期货、持仓20240、减仓-706，中金财富、持仓2224、减仓-119，华泰期货、持 仓4783、减仓-75。 文章来源:新浪期货 | | | | | 2025年7月22日中证500指数期货主力合约2509持仓数据 | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | 名次 会员名称 成交量(双边) | | 增减 | 会员 | 持买車 | 增减 | 会员 | 持卖单 | 增减 | | ਹ | 中信期货 | 18,268 | 2,648 ...

新浪期货 根据交易所数据，截至7月22日收盘主力合约30年期国债期货2509,涨跌-0.40%,成交量11.59万手，持仓数据显示前20席位 呈现净多，差额头寸为2187手。 30年期国债期货期货全合约总计成交13.10万手，比上一日新增57手。全合约前20席位多头持仓12.62万手，比上一日增加2104手。 全合约前20席位空头持仓12.67万手，比上一日增加1970手。 根据合并数据显示，多头前三席位为中信期货，总持仓29083、国泰君安，总持仓17403、东证期货，总持仓9830；空头前三席位 为中信期货，总持仓15831、国泰君安，总持仓13323、东证期货，总持仓13065； 主力合约前20席位中，多头增仓前三名分别是：国泰君安、持仓13763、增仓693，国金期货、持仓6303、增仓576，平安期货、持 仓7585、增仓423；多头减仓前三名分别是：中信建投、持仓1540、减仓-806，海通期货、持仓1359、减仓-216，中金财富、持仓 937、减仓-168； 主力合约前20席位中，空头增仓前三名分别是：中信期货、持仓12359、增仓2320，国泰君安、持仓11798、增仓724，东证期货、 持 ...

| | 名次 会员名称 成交量(双边) | | 壇减 | 会员 | 持买車 | 增减 | 会员 | 持卖单 | 增减 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | ਹ | 中信期货 | 10,842 | 2,403 | 银河期货 | 4,229 | -835 | 中信期货 | 3,634 | -JT | | 2 | 国泰君安 | 9,322 | 1,737 | 国泰君安 | 3,423 | g | 方正中期 | 3,072 | J8 | | 3 | 银河期货 | 5,667 | 2,905 | 中信期货 | 3,076 | -723 | 物产中大 | 2,718 | -243 | | 4 | 东证期货 | 4,571 | 266 | 永安期货 | 1,650 | -847 | 国泰君安 | 2,562 | 141 | | 5 | 华泰期货 | 4,019 | 2,035 | 东证期货 | 1,514 | -163 | 花拳期货 | 2,055 | -373 | | 6 | 广发期货 | 3,407 | 1,649 | 走拳期 ...

| | | | | 2025年7月22日焦煤全合约持仓数据一览 | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | 名次 会员名称 成交量(双边) | | 增减 | | 会员 | 增减 | 会员 | 持卖单 | 增减 | | 1 | 国泰君安 | 405,501 | 55,234 | 国泰君安 | 47,629 | 1.946 | 国泰君安 | 67,645 | -8,583 | | 2 | 中信期货 | 382,222 | 39,184 | 中信期货 | 45,188 | -4.350 | 中信期货 | 67,455 | -5,028 | | 3 | 东证期货 | 213,503 | 19,174 | 东证期货 | 29,703 | -2,626 | 银河期货 | 34,461 | -9,150 | | ব | 广发期货 | 207,668 | 23.718 | 永安期货 | 26,402 | 610 | 一德期货 | 28,941 | -2,642 | | 5 | 华泰期货 | 197,263 | 11 ...

| | | | | 2025年7月22日氧化铝主力合约2509持仓数据一览 | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | 名次 会员名称 成交量(双边) | | 增减 | 会员 | 持买单 | 増減 | 会员 | 持卖单 | 增减 | | ਹ | 中信期货 | 163,088 | 12,134 | 国泰君安 | 13.505 | 21 | | 国泰君安 24,023 1,971 | | | 2 | 国泰君安 | 152,537 | -37,028 | 中信期货 | 12.653 | -894 | 中信期货 | 19,776 | 6,627 | | 3 | 东证期货 | 123,746 | 246 | 东证期货 | 11,852 | -3,686 | 东证期货 | 10,125 | 57 | | ব | 中泰期货 | 79,597 | -10,215 | 银河期货 | 10.244 | 284 | 国投期货 | 5,923 | -759 | | 5 | 浙商期货 | 62.731 | 7.968 | 徽 ...

Core Viewpoint - Boen Group (001366.SZ) anticipates a net loss of 13.8 million to 15.3 million yuan for the first half of 2025, compared to a loss of 4.04 million yuan in the same period last year [1] Financial Performance Summary - The expected net profit attributable to shareholders for the first half of 2025 is a loss of 13.8 million to 15.3 million yuan, while the previous year recorded a loss of 4.04 million yuan [1][2] - The net profit after excluding non-recurring gains and losses is projected to be a loss of 14.5 million to 16 million yuan, compared to a loss of 6.11 million yuan in the same period last year [1][2] - For the year 2024, the company reported an operating income of 1.017 billion yuan, a decrease of 29.16% year-on-year [3] - The net profit attributable to shareholders for 2024 was a loss of 28.71 million yuan, down 158.95% from the previous year [3] - The net profit after excluding non-recurring gains and losses for 2024 was a loss of 31.29 million yuan, a decrease of 193.25% year-on-year [3] - The net cash flow from operating activities for 2024 was a loss of 30.85 million yuan, down 167.14% from the previous year [3] Quarterly Performance Summary - In the first quarter of 2025, the company achieved an operating income of 286 million yuan, an increase of 18.94% year-on-year [3] - The net profit attributable to shareholders for Q1 2025 was a loss of 511.73 thousand yuan, compared to a loss of 368.82 thousand yuan in the same period last year [3] - The net profit after excluding non-recurring gains and losses for Q1 2025 was a loss of 561.60 thousand yuan, compared to a loss of 397.95 thousand yuan in the same period last year [3] IPO and Fundraising Information - Boen Group was listed on the Shenzhen Stock Exchange on March 7, 2023, issuing 40.35 million shares at a price of 9.32 yuan per share [4] - The total amount raised was 376.06 million yuan, with a net amount of 319.05 million yuan allocated to various projects including feed production and a research center [4] - The total issuance costs amounted to 57.01 million yuan, with underwriting fees of 31.80 million yuan [4]

"投行未来仍需以产业深耕为核心，以数字化为工具、以合规为底线，实现从优秀到卓越的跨越。" 科创板开市六年来，中国科技创新加速发展，资本市场持续深化改革。在此过程中，投行不断转型适应市场新变化。 国泰海通证券业务总监、投资银行业务委员会总裁郁伟君接受第一财经专访时表示，开市六年来，科创板不仅是对资本市场融资平台的简单丰富， 更是科技创新的加速器，通过制度突破和资源集聚，有效推动了我国科技产业从跟跑向并跑、领跑跃升。 与此同时，投行也发生了较大变化。郁伟君告诉记者，一是角色转型，从传统通道型中介转向价值发现和全周期服务，投行从业人员会更加深度参 与企业前期战略规划、合规整改及上市后的资本运作；二是能力升级，包括行业研究能力提升、风险定价能力提高，以及跨市场服务能力强化。但 一以贯之地体会，始终还是要以专业+敬畏之心服务实体经济、服务科创企业。 但各投行间精细化运营能力、差异化竞争优势尚未完全形成。郁伟君认为，投行未来仍需以产业深耕为核心，以数字化为工具、以合规为底线，实 现从优秀到卓越的跨越。 科创板新政对支持优质未盈利科技型企业上市推出了一揽子具体举措。相关案例也陆续落地，2025年6月份受理了6单未盈利企业的 ...

Group 1 - Cathay Securities will implement a legal switch and client and business migration merger on August 22, 2025, after obtaining support from various regulatory bodies [2][4] - The company assures that its main business and services will continue to operate normally during the transition, although some cross-period services will need to be concluded or suspended [4][6] - Specific adjustments will be made to wealth management and fund business operations, including temporary suspensions of certain account openings and transactions for former clients of Haitong Securities [4][5] Group 2 - Cathay Securities has developed an emergency plan to protect investors' rights, allowing clients to transfer or close accounts if they do not wish to stop participating in certain cross-period services [6] - The company expects a significant increase in net profit for the first half of 2025, projecting between 15.283 billion to 15.957 billion yuan, representing a year-on-year growth of 205% to 218% [6] - The growth in net profit is attributed to substantial increases in revenue from wealth management, institutional, and trading services, as well as the recognition of negative goodwill from the merger [6]