Group 1 - Guosheng Jin控 reached the daily limit increase, indicating strong market interest [1] - Huijin Co., Hato Co., and Tianli Technology saw increases of over 5%, reflecting positive investor sentiment [1] - Other companies such as Xiangcai Co., GF Securities, Bank of China Securities, and Xinda Securities also experienced upward movement, suggesting a broader trend in the market [1]

证券代码：600095 证券简称：湘财股份 公告编号：临 2025-047 湘财股份有限公司 关于控股股东之一致行动人股份 解除质押及质押的公告 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、准确性和完整性承担法律责任。 重要内容提示: 湘财股份有限公司（以下简称"公司"）控股股东的一致行动人衢州信 安发展股份有限公司（以下简称"衢州发展"）持有公司股份 464,427,406 股， 占公司总股本的 16.24%，本次解除质押及质押后衢州发展累计质押股份数量为 409,400,000 股，占其持股数量的 88.15%，占公司总股本的 14.32%。 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%，本次解除质押及质押后衢州发展及其一致行动人累计质押股 份数量为 1,099,191,893 股，占其持股数量的 95.23%，占公司总股本的 38.44%。 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 及质押业务，具体事项如下： 注：因四舍五入原因导致数据在尾数上略有差异。 二、本次 ...

金融界消息 截至2025年8月12日收盘，湘财股份（600095）报收于11.33元，上涨1.25%，换手率 3.05%，成交量87.07万手，成交金额9.86亿元。 资金流向方面，今日主力资金净流入1247.45万元，占比成交额1.27%。其中，超大单净流入1194.98万 元、占成交额1.21%，大单净流入52.47万元、占成交额0.05%，中单净流出流出1.78万元、占成交额 0.0%，小单净流出1245.67万元、占成交额1.26%。 天眼查商业履历信息显示，湘财股份有限公司，成立于1994年，位于哈尔滨市，是一家以从事资本市场 服务为主的企业。企业注册资本285918.7743万人民币，实缴资本114576万人民币。公司法定代表人为 史建明。 通过天眼查大数据分析，湘财股份有限公司共对外投资了21家企业，参与招投标项目1次，知识产权方 面有商标信息14条，此外企业还拥有行政许可3个。 来源：金融界 湘财股份最新一期业绩显示，截至2025一季报，公司营业总收入6.21亿元、同比增长5.44%，归属净利 润4916.79万元，同比减少45.75%，扣非净利润4997.38万元，同比减少43.40%，流动 ...

Group 1 - The three major indices opened higher and experienced fluctuations, with the securities sector performing well. The Securities ETF (159841) rose by 0.36%, with a trading volume exceeding 760 million yuan and an intraday premium rate of 0.11% [1] - The Securities ETF (159841) has seen continuous net inflows over the past six trading days, accumulating over 195 million yuan. As of August 11, its latest scale reached 5.991 billion yuan, making it the largest ETF in the same category in the Shenzhen and Shanghai markets [1] - The market has been active, with new A-share accounts reaching 1.9636 million in July 2025, representing a year-on-year increase of 70.5% and a month-on-month increase of 19.27%. By the end of July, a total of 14.5613 million new accounts had been opened this year [1] Group 2 - The financing balance of the two markets has surpassed 2 trillion yuan again, with the Shanghai Stock Exchange reporting a financing balance of 1.021792 trillion yuan and the Shenzhen Stock Exchange reporting 983.897 billion yuan, totaling 2.005689 trillion yuan, marking a significant increase of 167.36 billion yuan from the previous trading day [2] - Historical data indicates that the financing balance has only exceeded 2 trillion yuan previously between May 20, 2015, and July 1, 2015. The current balance is still 254.435 billion yuan short of the historical peak of 2.266635 trillion yuan reached on June 18, 2015 [2] - Analysts suggest that the rising margin financing reflects investors' recognition of marginal improvements in the market and a gradual increase in risk tolerance, leading to a positive outlook on market activity. The upcoming disclosure of brokerage firms' mid-year performance is expected to present investment opportunities [2]

湘财股份是一家综合性金融服务企业，主营业务包括证券、投资银行、资产管理等。公司注册地位于黑 龙江省，属于证券行业板块。2025年上半年业绩预告显示，公司预计实现净利润1.2亿至1.6亿元，同比 增长63.64%至118.19%。 截至2025年8月5日收盘，湘财股份股价报10.88元，较前一交易日下跌0.02元，跌幅0.18%。当日成交量 为550193手，成交金额达5.98亿元，振幅2.75%。 资金流向方面，8月5日主力资金净流出2948.24万元，占流通市值的0.09%。近五个交易日累计净流出 1.86亿元，占流通市值的0.6%。 风险提示：股市有风险，投资需谨慎。 消息面上，湘财股份作为大智慧股东，于8月4日解除质押322.7268万股公司股份，占其所持股份的 1.68%。解除质押后，湘财股份仍质押7980.9830万股大智慧股份，占其持股比例的41.54%。 ...

Core Insights - The report emphasizes the importance of asset allocation strategies based on both long-term and short-term perspectives, utilizing historical data to optimize investment portfolios [21][22][23]. Asset Performance Overview - Equity assets showed strong performance, with the CSI 300 Index and Nasdaq 100 Index rising by 3.5% and 2.4% respectively over the past month, while the Indian Sensex 30 Index declined by 2.9% [7][6]. - In the bond market, government bond yields increased, leading to a 0.2% decline in the government bond index, while corporate bond indices remained stable due to narrowing credit spreads [12][11]. - Commodity assets experienced a 3.8% increase in the South China Commodity Index in July, although gold prices fluctuated, ending the month nearly flat [17][16]. Asset Allocation Strategies - The report suggests a debt-oriented asset allocation strategy comprising 10% Asia-Pacific emerging market stocks, 80% corporate bonds, and 10% gold [28]. - A mixed asset allocation strategy is recommended, including 23% Nasdaq 100 Index, 7% CSI 300 Index, 40% corporate bonds, and 30% commodities [28]. Strategy Performance Tracking - From April 2015 to July 2025, the mean-variance model strategy achieved an annualized return of 6.81% with a maximum drawdown of 3.6% and a Sharpe ratio of 2.76 [25]. - The strategy's performance from January 2025 to July 2025 yielded a cumulative return of 1.97%, with a notable return of -0.15% in July due to insufficient bond contributions and declines in the Indian market index [25][27]. Model Utilization - The report employs a mean-variance model for long-term asset allocation, which outperforms constant mix strategies, and integrates the Black-Litterman model to enhance return stability by combining historical and recent performance data [22][23][24].

证券之星消息，8月4日证券板块较上一交易日上涨0.22%，湘财股份领涨。当日上证指数报收于 3583.31，上涨0.66%。深证成指报收于11041.56，上涨0.46%。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) | | | --- | --- | --- | --- | --- | --- | --- | | 600095 | 湘财股份 | 10.90 | 1.87% | 46.01万 | | 4.96亿 | | 601059 | 信达证券 | 16.47 | 1.35% | 20.02万 | | 3.27亿 | | 300059 | 东方财富 | 23.35 | 0.78% | 206.02万 | | 47.90亿 | | 002670 | 国盛金控 | 15.17 | 0.73% | P 32.02万 | | 4.81亿 | | 002945 | 华林证券 | 15.16 | 0.66% | 9.76万 | | 1.47亿 | | 600918 | 中泰证券 | 6.71 | 0.60% | 18.47万 | | 1.23亿 | | 600 ...

Group 1 - The "Second Golden Qilin Best Investment Advisor Selection" event is currently ongoing, organized by Sina Finance in collaboration with Yinhua Fund, aiming to identify outstanding investment advisors and enhance the investment advisory IP construction [1][4] - The first month's (July) performance data shows that the top investment advisor in the ETF simulation trading group is Wu Yinchao from Caitong Securities, achieving a monthly return of 21.16% [1][2] - The second and third positions are held by Lin Huijie from Dongxing Securities with a return of 17.97% and Ren Youwei from Zhongtai Securities with a return of 15.58% respectively [1][2] Group 2 - The top 10 investment advisors in the ETF simulation trading group for July are as follows: 1. Wu Yinchao (Caitong Securities) - 21.16% 2. Lin Huijie (Dongxing Securities) - 17.97% 3. Ren Youwei (Zhongtai Securities) - 15.58% 4. Long Fengli (Shenwan Hongyuan Securities) - 14.33% 5. Sun Baoyan (Cinda Securities) - 13.61% 6. Luo Fayu (Dongxing Securities) - 13.55% 7. Yin Yongzhen (Founder Securities) - 13.46% 8. Yu Yang (Shenwan Hongyuan Securities) - 13.11% 9. Zhang Hongxin (Changjiang Securities) - 12.96% 10. Lu Xiujuan (Western Securities) - 11.85% [2][5][6]

国金证券7月30日发布研报称，给予湘财股份（600095.SH，最新价：11.22元）买入评级。评级理由主 要包括：1）湘财股份定位于金融科技赋能的特色财富管理发展路径，拟吸收合并大智慧打开盈利空 间；2）业务结构：证券业务为公司主要收入来源，经纪业务、信用业务是证券板块收入的压舱石， 2024年合计占比超六成；3）核心竞争优势：公司依托"平台+牌照"模式，将金融科技定位为业务发展的 核心驱动力，赋能财富管理转型。风险提示：1、宏观经济大幅下行；2、权益市场大幅下行；3、大股 东质押风险；4、未决诉讼风险；5、收购大智慧存在不确定性。 （文章来源：每日经济新闻） ...

Group 1 - The stock price of Xiangcai Co. closed at 11.22 yuan on July 29, 2025, down 1.23% from the previous trading day, with a trading volume of 771,173 lots and a transaction amount of 856 million yuan, showing a fluctuation of 3.43% [1] - Xiangcai Co. is primarily engaged in securities business and owns subsidiaries such as Xiangcai Securities. The company is currently advancing a merger with Dazhihui, which has been under audit and due diligence since March 2025 [1] - A recent announcement indicated that a lawsuit involving Yunnan Trust amounting to 343 million yuan has been sent back for retrial by the second-instance court. Xiangcai Co. has made a provision of 233 million yuan for expected liabilities in the 2024 fiscal year [1] Group 2 - For the first half of 2025, Xiangcai Co. expects a net profit between 120 million to 160 million yuan, representing a year-on-year growth of 63.64% to 118.19% [1] - On July 29, 2025, the net outflow of main funds for Xiangcai Co. was 91.09 million yuan [2]