| 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 公告全部或任何部份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。 | | | --- | --- | | 股票發行人現金股息公告 | | | 發行人名稱 | 九方智投控股有限公司 | | 股份代號 | 09636 | | 多櫃檯股份代號及貨幣 | 不適用 | | 相關股份代號及名稱 | 不適用 | | 公告標題 | 截至2025年6月30日止六個月中期股息 | | 公告日期 | 2025年8月28日 | | 公告狀態 | 新公告 | | 股息信息 | | | 股息類型 | 中期（半年期） | | 股息性質 | 普通股息 | | 財政年末 | 2025年12月31日 | | 宣派股息的報告期末 | 2025年6月30日 | | 宣派股息 | 每 股 0.51 HKD | | 股東批准日期 | 有待公佈 | | 香港過戶登記處相關信息 | | | 派息金額及公司預設派發貨幣 | 每 股 0.51 HKD | | 匯率 | 1 HKD : 1 HKD | | 除淨日 | 有 ...

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之內容概不負責，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 賴該等內容而引致之任何損失承擔任何責任。 JF SmartInvest Holdings Ltd 九方智投控股有限公司 （於開曼群島註冊成立的有限公司） （股份代號：9636） 截至2025年6月30日止六個月 中期業績公告 九方智投控股有限公司（「本公司」）董事（「董事」）會（「董事會」）公佈本公司及 其附屬公司（「本集團」或「我們」）截至2025年6月30日止六個月（「報告期」或「本 期」）的未經審核合併中期業績，連同截至2024年6月30日止六個月（「同期」）的 比較數字如下。本期業績公佈的內容乃根據《香港聯合交易所有限公司證券上市 規則》（「上市規則」）項下有關業績公佈的適用披露規定，並根據香港會計師公會 （「香港會計師公會」）頒佈的香港財務報告準則（「香港財務報告準則」）編製。除特 別註明外，本公司的財務數據均以人民幣（「人民幣」）列示。 摘要 於報告期： 1 • 本集團總訂單金額約為人民幣1,705.4百萬元，較同期的約人民幣930 ...

| 基本数据 | 2025 | 年 | 08 | 月 22 | 日 | | --- | --- | --- | --- | --- | --- | | 收盘价（港元） | | | | 74.80 | | | 一年内最高/最低（港 | | | | 76.80/5.66 | | | 元） | | | | | | | 总市值（百万港元） | | | | 35,033.10 | | | 流通市值（百万港元） | | | | 35,033.10 | | | 资产负债率（%） | | | | 57.66 | | | 资料来源：聚源数据 | | | | | | 证券研究报告 非银金融 | 多元金融 港股|首次覆盖报告 hyzqdatemark 2025 年 08 月 25 日 证券分析师 陆韵婷 SAC：S1350525050002 luyunting@huayuanstock.com 市场表现： 九方智投控股(09636.HK) 投资评级： 买入（首次） ——投研、科技和运营能力优秀的在线投资决策解决方 案提供商，业绩对资本市场表现的弹性较大 投资要点： 联系人 九方智投控股是中国领先的在线投资决策解决方案提供商。公司的 ...

Group 1 - Jiufang Zhitu Holdings (09636) saw its stock price rise over 10% during trading, reaching a historical high of 82.6 HKD, and is currently trading at 79.65 HKD with a transaction volume of 476 million HKD [1] - The A-share market has experienced a continuous daily trading volume exceeding 2 trillion CNY, with margin financing balances returning to over 2 trillion CNY for the first time in ten years [1] - Guoyuan Securities suggests that investors should focus on the long-term development logic of the capital market, particularly on leading companies in the fintech sector [1] Group 2 - Xinda Securities (601059) highlights the vast market potential for retail securities investment consulting, driven by increasing wealth accumulation among residents [1] - The company is capitalizing on the short video traffic trend, with innovative business models leading to high growth rates [1] - The new round of placements targeting stablecoins and RWA is expected to open up a second growth curve for the company [1]

信达证券指出，散户证券投资咨询市场空间广阔，且随居民财富积累需求日益增加。同时，公司深度把 握短视频流量风口，商业模式创新带来高斜率成长。另外，公司新一轮配售直指稳定币、RWA，有望 开辟第二成长曲线。该行认为，公司作为金融科技及服务行业领先企业，以新颖高效的商业模式和扎实 的投教内容快速打开市场，并有望从未来国内居民端的财富增长中不断受益。 智通财经APP获悉，九方智投控股(09636)盘中涨超10%，高见82.6港元再创历史新高。截至发稿，涨 6.48%，报79.65港元，成交额4.76亿港元。 消息面上，近日，A股市场成交额连续多日突破2万亿元、两融余额时隔十年重回2万亿元以上。国元证 券指出，建议投资者关注资本市场的长期发展逻辑，并重点关注金融科技行业的头部公司。开源证券表 示，市场交易活跃度持续抬升，两融规模扩张、权益自营加仓和海外业务高景气有望带来券商业绩超预 期。推荐金融科技主线等。 ...

Core Viewpoint - The continuous rise of the Shanghai Composite Index is expected to further catalyze the inflow of personal and institutional funds, indicating significant potential for residents' equity asset allocation, particularly in the non-bank financial sector, which is viewed positively for strategic allocation opportunities as the fundamentals improve [1] Group 1: Securities Industry - The average daily trading volume of stock funds reached 3.01 trillion yuan, a 21% increase week-on-week, with a cumulative average daily trading volume of 1.75 trillion yuan by August 22, representing a 90% year-on-year increase [2] - The China Securities Regulatory Commission (CSRC) has revised and officially implemented the "Securities Company Classification Evaluation Regulations," which aims to guide the industry towards more concentrated development and differentiated growth for small and medium-sized institutions [2] - Market trading activity continues to rise, with an expansion in margin financing and securities lending, as well as increased self-owned equity positions and robust overseas business, which are expected to lead to better-than-expected performance for securities firms [3] Group 2: Insurance Industry - According to a recent survey by the China Insurance Asset Management Association, insurance institutions have shown a significant rebound in confidence regarding the A-share and bond markets for the second half of 2025, with stocks being the preferred investment asset [4] - As of June 30, the balance of insurance funds reached 36.23 trillion yuan, an 8.9% increase from the beginning of the year, with a continued increase in equity and bond allocations while reducing bank deposits and non-standard investments [4] - The stable long-term interest rates and improved asset yield expectations are expected to enhance the return on equity (ROE) for insurance companies, leading to a potential recovery in price-to-book (PB) valuations, with recommendations for undervalued companies like China Pacific Insurance and Ping An Insurance [4] Group 3: Recommended Stocks - Recommended stocks include Guosen Securities, Dongfang Securities, China Pacific Insurance, Ping An Insurance, Jiangsu Jinzhong, Hong Kong Stock Exchange, and others [5] Group 4: Beneficiary Stocks - Beneficiary stocks include CICC, Tonghuashun, Jiufang Zhitu Holdings, and New China Life Insurance [6]

Group 1 - The core viewpoint of the report is that the 2C securities IT business is showing unexpected resilience, with potential valuation recovery space being twice that of the brokerage sector, driven by recent market activity and margin trading balance exceeding 2 trillion yuan [1] - The 2C securities IT sector is primarily divided into two categories: 2C, which targets retail users, and 2B, which sells and iterates system products to brokerages. The report suggests that 2C companies may outperform 2B companies in the current market environment [1][2] - Historical analysis indicates that during previous brokerage market rallies, the returns of leading 2C securities IT companies were generally double that of the brokerage index, and current valuations have not yet reached historical multiples [1][4] Group 2 - The 2C securities IT business includes traditional brokerage services, customer acquisition advertising, value-added telecom services, and advisory services, with the latter two often overlapping [2] - The report highlights three elastic business categories: hidden customer acquisition potential leading to increased advertising revenue, value-added services contributing to short-term elasticity, and brokerage services linked to market trading volume [3] - Historical data from significant bull markets shows that the current valuations of most 2C securities IT companies have not yet reached their one-year averages, indicating potential for further valuation increases as market liquidity grows [4]

智通财经获悉，九方智投控股(09636)涨超4%。截至发稿，涨4.07%，报74.2港元，成交额3.65亿港元。 消息面上，8月15日，九方智投控股旗下九方智擎入驻"模速空间"美好共建仪式在沪举行。据悉，作为 国家AI"头雁"平台，"模速空间"是上海打造全球人工智能高地"头雁效应"的核心载体，承载着构建大模 型"技术-产业-应用"闭环的国家使命。仪式当天，九方智擎还与腾讯云达成战略合作签约，双方将携手 探索AI人工智能领域的应用与落地。 此外，近日，上证指数迭创新高，市场交投的火热，也正迅速传导至券商一线。信达证券指出，公司作 为金融科技及服务行业领先企业，以新颖高效的商业模式和扎实的投教内容快速打开市场，并有望从未 来国内居民端的财富增长中不断受益。此外，公司新一轮配售直指稳定币、RWA，有望开辟第二成长 曲线。 本文源自：智通财经网 ...

此外，近日，上证指数迭创新高，市场交投的火热，也正迅速传导至券商一线。信达证券（601059）指 出，公司作为金融科技及服务行业领先企业，以新颖高效的商业模式和扎实的投教内容快速打开市场， 并有望从未来国内居民端的财富增长中不断受益。此外，公司新一轮配售直指稳定币、RWA，有望开 辟第二成长曲线。 九方智投控股(09636)涨超4%。截至发稿，涨4.07%，报74.2港元，成交额3.65亿港元。 消息面上，8月15日，九方智投控股旗下九方智擎入驻"模速空间"美好共建仪式在沪举行。据悉，作为 国家AI"头雁"平台，"模速空间"是上海打造全球人工智能高地"头雁效应"的核心载体，承载着构建大模 型"技术-产业-应用"闭环的国家使命。仪式当天，九方智擎还与腾讯云达成战略合作签约，双方将携手 探索AI人工智能领域的应用与落地。 ...

消息面上，8月15日，九方智投控股旗下九方智擎入驻"模速空间"美好共建仪式在沪举行。据悉，作为 国家AI"头雁"平台，"模速空间"是上海打造全球人工智能高地"头雁效应"的核心载体，承载着构建大模 型"技术-产业-应用"闭环的国家使命。仪式当天，九方智擎还与腾讯云达成战略合作签约，双方将携手 探索AI人工智能领域的应用与落地。 此外，近日，上证指数迭创新高，市场交投的火热，也正迅速传导至券商一线。信达证券指出，公司作 为金融科技及服务行业领先企业，以新颖高效的商业模式和扎实的投教内容快速打开市场，并有望从未 来国内居民端的财富增长中不断受益。此外，公司新一轮配售直指稳定币、RWA，有望开辟第二成长 曲线。 智通财经APP获悉，九方智投控股(09636)涨超4%。截至发稿，涨4.07%，报74.2港元，成交额3.65亿港 元。 ...