衢州发展及其一致行动人合计持有公司股份 1,154,282,767 股，占公司 总股本的 40.37%，本次解除质押后衢州发展及其一致行动人累计质押股份数量 为 1,022,441,893 股，占其持股数量的 88.58%，占公司总股本的 35.76%。 公司于近日接到衢州发展通知，获悉其所持有本公司的股份办理了解除质押 业务，具体事项如下： | 剩余被 | 剩余被质 | 质押股 | | | | | | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 占其所持 | 占公司总 | 持股 | 剩余被质押 | 押股份数 | 股东 | 本次解质股 | 持股数量 | 份数量 | 股份比例 | 股本比例 | 解质时间 | 比例 | 股份数量 | 量占其所 | | | 名称 | 份（股） | （股） | 占公司 | （%） | （%） | （%） | （股） | 持股份比 | 总股本 | | | | | | | | 例(%) | 比例(%) ...

Investment Rating - The report maintains a positive long-term outlook for the insurance sector, indicating a strong continuity in market performance despite recent fluctuations [2][12][16]. Core Insights - The financial sector experienced a mixed performance this week, with the non-bank financial index down by 1.45%, underperforming the CSI 300 index by 0.83 percentage points. The insurance sector saw a decline of 4.02%, while the brokerage sector decreased by 0.61% [1][10]. - The insurance sector's performance is driven by two main factors: policy support leading to economic recovery and liquidity easing combined with a strong stock market. The report suggests a shift from liquidity-driven growth to a focus on macro policy support and economic recovery expectations [2][13][16]. - The brokerage sector is expected to benefit from new regulations that enhance investment management quality, with a recommendation to focus on larger, undervalued firms and those involved in mergers and acquisitions [3][18]. - The banking sector is facing a slight decline, but there are signs of recovery in profitability for leading banks, with recommendations to focus on banks with high dividend yields and those expected to benefit from market conditions [19][21]. Summary by Sections Insurance Sector - The insurance sector's recent decline is attributed to short-term market sentiment and liquidity changes, but the long-term outlook remains positive due to strong support from both the liability and asset sides [2][12][16]. - Key recommendations include focusing on companies like China Pacific Insurance, China Ping An, China Life (H), and China Taiping, with a specific recommendation for New China Life [4][16]. Brokerage Sector - The brokerage sector's performance is slightly better than the overall market, with a focus on the new guidelines from the regulatory body that aim to improve fund management quality [3][17]. - Recommended firms include Guotai Junan, Huatai Securities, and others, particularly those with strong merger and acquisition prospects [4][18]. Banking Sector - The banking sector has shown a decline but is expected to stabilize, with recommendations to focus on banks with high earnings elasticity and strong dividend yields [19][21]. - Specific banks to watch include Hangzhou Bank, Ningbo Bank, and others, with a focus on those that have previously been undervalued [4][21].

证券之星消息，1月23日证券板块较上一交易日下跌0.07%，广发证券领跌。当日上证指数报收于4136.16，上涨0.33%。深证成指报收于 14439.66，上涨0.79%。证券板块个股涨跌见下表： | | | | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | | --- | --- | --- | --- | --- | --- | --- | | 002945 | 华林证券 | 17.86 | 3.78% | 47.60万 | | 8.46亿 | | 600095 | 湘财股份 | 11.70 | 2.18% | 59.79万 | | 7.01亿 | | 002670 | 国盛证券 | 16.51 | 2.04% | 25.59万 | | 4.21亿 | | 601456 | 国联民生 | 9.94 | 1.43% | 51.74万 | | 5.14亿 | | 601108 | 财通证券 | 9.07 | 1.23% | 75.58万 | | 6.85亿 | | 600909 | 华安证券 | 7.34 | 1.10% | 89.47万 | | 6.56亿 | | 6 ...

格隆汇1月23日丨湘财股份(600095.SH)在投资者互动平台表示，公司暂未建立财务共享中心，但公司建 有规范的财务管理制度和体系，科学系统地进行业务核算和财务管理工作。 ...

在证券行业并购整合持续深化背景下，一场备受瞩目的"券业联姻"迎来关键节点的业绩交叉验证。 近日，湘财股份与大智慧相继披露2025年业绩数据，呈现"冰火两重天"景象：拟作为存续主体的湘财证券净利 润同比激增157%，展现强劲增长势头；而正待被吸收合并的金融信息服务商大智慧，仍陷亏损，但亏损额已 大幅收窄。 据悉，湘财股份并购大智慧的交易仍在推进中，这场旨在融合券商牌照实力与金融科技流量的交易目前已进入 监管审核阶段，其最终能否成功仍然存在不确定性。 湘财证券净利润同比增长157% 1月19日，湘财股份披露其全资子公司湘财证券2025年度未经审计的财务报表。 湘财证券2025年实现营业总收入约19.55亿元，较2024年的约15.18亿元增长28.8%；净利润表现更为亮眼， 2025年实现净利润约5.53亿元，相较于2024年的2.15亿元，同比增幅高达157.5%。 具体业务方面，除投行业务收入有所下滑外，该公司其他主营业务均实现增长。其中，经纪业务手续费净收入 达7.42亿元，同比增长39%，成为收入增长的主要驱动力。资产管理业务手续费净收入为4006万元，同比增长 23%；投资收益实现3.84亿元，同比增长 ...

在证券行业并购整合持续深化的背景下，一场备受瞩目的"券业联姻"迎来了关键窗口业绩的交叉验证。 近日，湘财股份（600095）与大智慧相继披露2025年业绩数据，呈现"冰火两重天"景象：拟作为存续主 体的湘财证券，净利润同比大增157.5%至5.53亿元，而正待被吸收合并的金融信息服务商大智慧，净利 仍陷千万元级别的亏损。 1月17日，大智慧发布业绩预告称，预计2025年度归属于母公司所有者的净利润为-3400万元至-5000万 元，扣非后净利润为-6900万元至-8500万元。 尽管大智慧未能扭亏，但亏损幅度较2024年已显著收窄。数据显示，大智慧2024年归属于母公司所有者 的净利润亏损约2亿元。 据悉，湘财股份并购大智慧的交易仍在推进中，这场旨在融合券商牌照实力与金融科技流量的交易，目 前已进入监管审核阶段，最终能否成功存在不确定性。 湘财证券净利大增1.5倍 1月19日，湘财股份披露其全资子公司湘财证券2025年度未经审计的财务报表。 数据显示，湘财证券2025年实现营业总收入约19.55亿元，较2024年的约15.18亿元增长约28.8%；净利 润表现更为亮眼，2025年实现净利润约为5.53亿元，相 ...

中证报中证网讯（记者 林倩）1月19日晚间，湘财股份披露了子公司湘财证券2025年度未经审计财务报 表，2025年湘财证券实现营业总收入19.55亿元，同比增长28.79%，实现净利润5.53亿元，同比增长 157.21%。 炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ 转自：中国证券报·中证网 ...

Group 1: Economic Outlook - The International Monetary Fund (IMF) has raised China's economic growth forecast for 2025 by 0.2 percentage points to 5% and has also upgraded the 2026 growth expectations [3] Group 2: Government Announcements - The State Council Information Office will hold two press conferences on January 20, focusing on the implementation of the Central Economic Work Conference and the role of proactive fiscal policy in promoting high-quality economic development [3] - A press conference on January 21 will discuss the achievements in industrial and information technology development by 2025 [3] Group 3: Regulatory Developments - The Civil Aviation Administration of China introduced a revised Civil Aviation Law, encouraging the development of general aviation and establishing a supportive infrastructure network [4] Group 4: Company News - Yidian Tianxia will resume trading on January 20, not involving GEO business [7] - Tianjian Technology may face delisting risk warnings [7] - Huichuan Technology plans to issue H-shares and list on the Hong Kong Stock Exchange [7] - Far East Transmission expects a net profit increase of 25.06% to 41.96% in 2025 [7] - Guilin Tourism anticipates a profit of 11 million yuan in 2025, reversing losses [7] - ST Yuanzhi forecasts a net profit increase of 396.77% to 507.16% in 2025 [7] - Runfeng Co. expects a net profit increase of 128.85% to 159.95% in 2025 [8] - Xiangcai Securities anticipates a net profit of 553 million yuan in 2025, a 157% increase [8] - Haoshanghao expects a net profit increase of 115.64% to 175.35% in 2025 [8] - Hunan Yuneng forecasts a net profit increase of 93.75% to 135.87% in 2025 [8] - Libang Instruments expects a net profit increase of 75% to 105% in 2025 [8] - Chengdu Huamei anticipates a net profit increase of 74.35% to 108.73% in 2025 [8] - Jihong Co. expects a net profit increase of 50% to 60% in 2025 [8] - Guotou Securities anticipates a net profit of 3.4 billion yuan in 2025, a growth of over 35% [8] - Dinglong Co. expects a net profit increase of 34.44% to 40.2% in 2025 [8] - Ruimaite anticipates a net profit increase of 22.28% to 51.24% in 2025 [8] - Nanfang Energy expects a profit of 300 million to 360 million yuan in 2025, reversing losses [8] - Xianglu Tungsten Industry anticipates a profit of 125 million to 180 million yuan in 2025, reversing losses [8] - Feiwo Technology expects a profit of 32 million to 45 million yuan in 2025, reversing losses [8] - Yitong Century anticipates a profit of 8 million to 12 million yuan in 2025, reversing losses [8] - A controlling shareholder of Aotai Bio has proposed a share buyback of 100 million to 200 million yuan [8]

证券代码：600095 证券简称：湘财股份 公告编号：临2026-002 湘财股份有限公司董事会 2026年1月20日 根据中国外汇交易中心暨全国银行间同业拆借中心《关于同业拆借市场成员披露2025年度财务报表的通 知》（中汇交发〔2025〕484号），湘财股份有限公司（以下简称"公司"）全资子公司湘财证券股份有 限公司（以下简称"湘财证券"）未经审计的2025年12月31日母公司资产负债表、2025年度母公司利润表 及2025年12月31日的证券公司净资本计算表将在中国货币网（http://www.chinamoney.com.cn）披露。 上述财务报表详见同日披露在上海证券交易所网站（http://www.sse.com.cn）的本公告附件。 本公告所载湘财证券2025年度报表为其母公司数据，未经会计师事务所审计，具体数据以公司2025年度 报告中披露的数据为准。投资者应审慎参考，注意投资风险。 特此公告。 湘财股份有限公司 关于子公司湘财证券股份有限公司披露2025年度未经审计财务报表的提示性公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗漏，并对其内容 的真实性、准确 ...

Major Events - Hualing Cable announced the termination of the acquisition of control over Xingxin Aerospace due to failure to reach consensus on specific agreement terms, stating that this decision will not adversely affect its operations or financial status [1] - Xianglu Tungsten Industry expects a net profit of 125 million to 180 million yuan for 2025, driven by continuous price increases in tungsten raw materials and improved market conditions [1] Company Announcements - Zhongwei Semiconductor is set to launch its first non-volatile memory chip, a low-power SPI NOR Flash with a capacity of 4M bits, filling a product gap in the Flash sector [2] - Nanshan Aluminum plans to invest approximately 437 million USD in a 250,000-ton electrolytic aluminum project in Indonesia [4] - Xinfengming intends to acquire a 35% stake in Dushan Port Development to enhance its supply chain capabilities [5] - Jiangxi Copper signed a cooperation framework agreement with China Ordnance Material Group for the purchase and sale of copper and nickel products [6] Performance Forecasts - Wan Tong Development expects a net loss of 500 million to 750 million yuan for 2025, attributed to strategic shifts and increased impairment losses [12] - Hunan YN anticipates a net profit of 1.15 billion to 1.4 billion yuan for 2025, driven by growth in lithium battery materials [13] - Tianjian Technology forecasts a net loss of 176 million to 250 million yuan for 2025, with potential delisting risk due to financial performance [14] - Leading companies like Guotou Securities and Xiangcai Securities project significant profit growth for 2025, with Guotou expecting 3.42 billion yuan, a 35.18% increase [27][28] Industry Trends - The tungsten market is experiencing improved supply-demand dynamics, benefiting companies like Xianglu Tungsten [1] - The photovoltaic industry continues to face challenges, with companies like Trina Solar projecting substantial losses due to market pressures [19] - The aluminum sector is seeing investment growth, particularly in overseas projects, as indicated by Nanshan Aluminum's plans [4] Stock Movements - Hualing Cable's stock will not be adversely affected by the termination of the acquisition [1] - Companies like Hunan YN and Guotou Securities are expected to see positive stock performance due to favorable profit forecasts [13][27]