胸怀国之大者，把握省之大计。作为浙江省唯一的省属券商，财通证券（601108）坚持党建统领，聚焦 金融"五篇大文章"和浙江"三篇金融特色文章"，把助力创新浙江建设的任务融汇在科技金融的笔尖，将 共富先行的认知诉诸于普惠民生的纸端。近日，财通证券党委书记、董事长章启诚接受证券时报记者专 访，诠释财通证券如何履行"助企富民"的金融担当。 三是落实好行动举措，以协同为基石搭建浙商浙企培育新质生产力的"路"和"桥"。"我们要打通服务浙 商浙企的'最后一公里'。"章启诚强调。2025年初，财通证券启动"百千万"产融协同助力浙商浙企创新发 展专项行动，选拔"三投"人才打造数百人服务顾问队伍，联动生态圈伙伴组成数千人"智慧外脑"，走进 万家企业，以"一本账"目标化、清单式机制实现资源整合、价值共创。 以数智为基赋能普惠金融 浙江省丽水市青田县是著名侨乡，全县57万人口中有38万名华侨，留守独居的老人较多。为保障老年人 的资金安全，财通证券于2023年在青田设立了浙江省首个县域实体投教基地，帮助当地群众认识资本市 场，守好钱袋子。如今，该教育基地已成为青田群众预防金融诈骗、提升财商的"精神富矿"。 这是财通证券将投教工作与助 ...

Core Viewpoint - The A-share market has shown strong performance, leading to significant revenue and profit growth for listed securities firms in the first half of the year, primarily driven by proprietary trading income. Group 1: Financial Performance - In the first half of the year, 42 listed securities firms achieved a total operating income of 251.87 billion yuan and a net profit of 104.02 billion yuan, representing year-on-year growth of 11.37% and 65.08% respectively [1] - Proprietary trading contributed significantly, with total proprietary income reaching 112.35 billion yuan, a year-on-year increase of 53.53%, accounting for over 40% of total revenue [1][2] - Among these firms, CITIC Securities was the only one to exceed 10 billion yuan in proprietary income, achieving 19.05 billion yuan, which constituted approximately 57% of its total revenue [2] Group 2: Major Shareholdings - As of the end of June, the top three heavily held stocks by securities firms were Jiangsu Bank, Yong'an Futures, and CITIC Construction Investment, with holdings of 923 million shares, 439 million shares, and 383 million shares respectively [5] - The market value of these holdings was approximately 11.03 billion yuan for Jiangsu Bank, 6.51 billion yuan for Yong'an Futures, and 9.21 billion yuan for CITIC Construction Investment [5] - Other notable stocks included Sinopec, Shanghai Laishi, and Yuheng Pharmaceutical, with significant holdings by various securities firms [5] Group 3: Changes in Holdings - In the second quarter, securities firms significantly increased their positions in stocks such as Sichuan Chengyu, Hongchuang Holdings, and Yuntianhua, with increases of 9.89 million shares, 5.76 million shares, and 5 million shares respectively [6] - Conversely, stocks like Huangshi Group, Shanghai Mechanical, and Northeast Securities saw substantial reductions in holdings, with Huangshi Group experiencing a decrease of over 14 million shares [7][8] - Regulatory issues led to a sharp decline in holdings for certain stocks, with securities firms reducing their positions in Huangshi Group following investigations and penalties [8][9]

Core Insights - The A-share market continues to rise, leading to a prosperous season for brokerage firms, with 42 listed brokerages achieving a total operating income of 251.87 billion yuan and a net profit of 104.02 billion yuan in the first half of the year, representing year-on-year growth of 11.37% and 65.08% respectively [1] - The significant increase in brokerage performance is largely attributed to proprietary trading, which generated a total income of 112.35 billion yuan, a year-on-year increase of over 50%, accounting for more than 40% of total income [1][2] - Among the brokerages, CITIC Securities stands out as the only firm with proprietary income exceeding 10 billion yuan, reaching 19.05 billion yuan, contributing approximately 57% to its total revenue [2] Brokerage Performance - In the first half of the year, 25 out of 42 listed brokerages reported proprietary income exceeding 1 billion yuan, accounting for nearly 60% of the total [2] - Notable performers include Changjiang Securities, which saw a staggering year-on-year increase of 668.35% in proprietary income, and Guolian Minsheng and Huaxi Securities with increases of 458.78% and 245.07% respectively [2] Stock Holdings - As of the end of June, the top three stocks held by brokerages were Jiangsu Bank, Yong'an Futures, and CITIC Construction Investment, with holdings of 923 million shares, 43.9 million shares, and 38.3 million shares respectively, translating to market values of 11.03 billion yuan, 6.51 billion yuan, and 9.21 billion yuan [4] - Brokerages have shown a preference for sectors such as non-bank financials, electronics, and biomedicine in their proprietary trading [1] Changes in Holdings - In the second quarter, significant increases in holdings were observed in stocks like Sichuan Chengyu, Hongchuang Holdings, and Yuntianhua, with increases of 9.89 million shares, 5.76 million shares, and 5 million shares respectively [6] - Conversely, stocks such as Huangshi Group, Shanghai Mechanical, and Northeast Securities experienced substantial reductions in holdings, with the largest decrease being 14 million shares for Huangshi Group [8][11] Regulatory Impact - Some stocks faced significant reductions in holdings due to regulatory penalties, with brokerages exiting positions in companies like Huangshi Group, which was under investigation for information disclosure violations [10][11]

Core Viewpoint - Suzhou Sileck Precision Equipment Co., Ltd. reported a total revenue of 920.41 million yuan for the first half of 2025, a year-on-year increase of 37.62%, but a net profit attributable to shareholders of the listed company of -20.27 million yuan, a year-on-year decrease of 214.98% due to increased costs from asset investment and revenue growth despite strong performance in the battery shell business [1][2]. Group 1: Financial Performance - The total revenue for the first half of 2025 was 920.41 million yuan, reflecting a 37.62% increase year-on-year [1]. - The net profit attributable to shareholders was -20.27 million yuan, marking a 214.98% decrease year-on-year [1]. - The battery shell business generated revenue of 621.13 million yuan, a 53.99% increase year-on-year, with improving gross margins [1][2]. Group 2: Business Development - The battery shell business is expanding due to technological advantages, maintaining double-digit revenue growth [2]. - Collaborations with major clients like CATL and new partnerships, including a memorandum of understanding with Dongwon Systems, aim to establish a joint venture for battery shell operations in the U.S. and Europe [2][3]. - The traditional can/cap industry is recovering, with new product developments such as disposable aluminum cups and a strategic cooperation agreement with Aorikin, projected to involve 500 million yuan over five years [2][3]. Group 3: Future Outlook - The company expects improved gross margins for the battery shell business in the second half of the year, supported by existing contracts [3]. - The company has made significant advancements in the development of harmonic reducer flexible wheels, enhancing its capabilities in ultra-precision metal processing [2][3]. - The partnership with Dongwon Systems will focus on battery shell operations in North America and Europe, utilizing DWI and DRD technologies for production [3].

Core Viewpoint - The report outlines the ongoing supervision and compliance of the acquisition process of Yunda Energy Technology Group Co., Ltd. by Zhejiang Electromechanical Group Co., Ltd., highlighting the completion of share issuance and adherence to regulatory requirements [1][2][6]. Group 1: Acquisition Details - Zhejiang Electromechanical Group's shareholding in Yunda Energy will increase from 40.01% to 46.50% after the issuance of new shares [1][2]. - The acquisition complies with the regulations allowing exemption from mandatory tender offers, as approved by the non-related shareholders at the general meeting [2][5]. - The total funds raised from the issuance amount to approximately RMB 699.99 million, with a net capital increase after deducting issuance costs [4][5]. Group 2: Compliance and Governance - Both the acquirer and Yunda Energy have fulfilled their information disclosure obligations as per regulatory requirements during the acquisition process [5][6]. - Yunda Energy has established a sound corporate governance structure and internal control system, with no violations reported during the supervision period [6][11]. - The acquirer has committed to avoiding any competition with Yunda Energy and has adhered to this commitment throughout the supervision period [7][8]. Group 3: Future Plans and Commitments - The acquirer has no immediate plans to change Yunda Energy's main business operations or make significant adjustments to its asset structure [9][10]. - There are no plans for major changes in the board of directors or senior management, although a resignation has been noted [10][11]. - Yunda Energy has announced a three-year dividend plan for 2025-2027, indicating no major changes to its existing dividend policy [12].

Company Overview - Taxfriend Software Group Co., Ltd. is located in Hangzhou, Zhejiang Province, established on December 22, 1999, and listed on June 30, 2021. The company specializes in the research, sales, and technical services of financial and tax information technology products [1] - The main business revenue composition includes: Intelligent Financial and Tax Business 67.39%, Digital Government Business 32.56%, and Others 0.06% [1] Stock Performance - On September 2, Taxfriend's stock price fell by 1.14%, closing at 55.66 CNY per share, with a trading volume of 249 million CNY and a turnover rate of 1.11%. The total market capitalization is 22.617 billion CNY [1] - The stock has experienced a continuous decline for four consecutive days, with a cumulative drop of 5.82% during this period [1] Shareholder Information - Among the top ten circulating shareholders, a fund under Caitong Securities Asset Management has entered the list, holding 1.6051 million shares, which accounts for 0.4% of the circulating shares. The estimated floating loss today is approximately 1.0273 million CNY, with a total floating loss of 5.5215 million CNY during the four-day decline [2] - Caitong Asset Management Digital Economy Mixed Initiation A (017483) was established on December 26, 2022, with a latest scale of 649 million CNY. Year-to-date returns are 81.36%, ranking 152 out of 8184 in its category; the one-year return is 145.84%, ranking 66 out of 7971; and since inception, the return is 107.74% [2] Fund Management - The fund manager of Caitong Asset Management Digital Economy Mixed Initiation A is Bao Jianwen, who has been in the position for 3 years and 285 days. The total asset scale of the fund is 3.381 billion CNY, with the best fund return during the tenure being 101.45% and the worst being 8.01% [3]

Group 1 - The core viewpoint of the news is that Zhaofeng Co., Ltd. has seen a significant increase in its stock price, rising by 5.05% to 107.33 CNY per share, with a trading volume of 200 million CNY and a turnover rate of 1.94%, resulting in a total market capitalization of 10.975 billion CNY [1] - Zhaofeng Co., Ltd. is located in the Xiaoshan Economic and Technological Development Zone in Hangzhou, Zhejiang Province, and was established on November 28, 2002. The company was listed on September 8, 2017, and its main business involves the research, development, production, and sales of automotive wheel hub bearing units [1] Group 2 - From the perspective of major fund holdings, data shows that one fund under Caitong Securities Asset Management has a significant position in Zhaofeng Co., Ltd. The Caitong Asset Advanced Manufacturing Mixed Initiation A Fund (021985) held 224,700 shares, accounting for 4.54% of the fund's net value, ranking as the tenth largest holding [2] - The Caitong Asset Advanced Manufacturing Mixed Initiation A Fund (021985) was established on October 15, 2024, with a latest scale of 40.5917 million CNY. Year-to-date, it has achieved a return of 62.61%, ranking 412 out of 8,184 in its category, and has a cumulative return of 63.42% since inception [2] - The fund manager of Caitong Asset Advanced Manufacturing Mixed Initiation A Fund is Xu Jingze, who has been in the position for 323 days, managing total assets of 386 million CNY, with the best fund return during his tenure being 63.42% and the worst being 62.84% [2]

Overview of Continuous Supervision Work - The sponsor institution has reviewed the company's information disclosure documents and supervised the establishment of regulations to prevent related parties from occupying company resources, manage raised funds, and ensure internal control [2] - The company effectively executed relevant regulations during the supervision period, with no major violations in operations [2] - The previous raised funds were utilized by October 2023, and there were no incidents requiring special on-site inspections [2] Issues Identified and Measures Taken - The company faced issues related to the execution of previous fundraising, but specific details were not applicable [3] Commitment Fulfillment Status - There were no violations or non-fulfillment of commitments by the company or its shareholders, and no applicable measures were noted [4] Other Matters - The company relies on raw materials such as copper and silicon steel, which are subject to price fluctuations in the commodity market, potentially impacting procurement costs and operating performance [6] - The manufacturing industry for power distribution and control equipment is technology-intensive, requiring continuous technological updates to maintain market share [6] - The company specializes in the R&D, manufacturing, and sales of core power distribution equipment, with market demand closely tied to the development of downstream applications [7] - The competitive landscape in the power distribution and control equipment manufacturing sector is intense, with numerous small enterprises competing primarily on price, and significant pressure from multinational corporations [8] - The company must attract and retain skilled professionals to sustain its technological advancements and operational capabilities, as competition for talent is increasing [9] - As of June 30, 2025, there were no pledges or freezes on shares held by the controlling shareholder, actual controller, directors, or senior management [9]

责任编辑：张恒星 专题：第二届新浪财经金麒麟最佳投资顾问评选 【股市热议】专业投顾市场观点：看好哪些板块？概念轮动节奏如何？ 【相关阅读】银华基金投顾每日观点 新浪财经主办、银华基金独家合作的"第二届金麒麟最佳投资顾问评选"活动火热进行中！财富管理最后一公里，谁是优秀的"引路人"？新浪财经与银华基金共同寻找优秀投资顾问，赋能投顾IP 目前金麒麟最佳投资顾问评选火热进行中！股票模拟交易、场内ETF模拟交易、公募基金模拟配置、社交服务评比……万名投顾大PK，8月月榜数据（周期为8月1日-8月31日）显示，场内ETF模拟 其次，方正证券投顾尹永振（来自延吉爱丹路证券营业部）以收益率33.43%居月榜第二位；国泰海通证券张叶峰（来自江西鹰潭环城西路证券营业部）以月收益率29.29%居月榜第三位。 以下为8月场内ETF模拟交易组TOP100榜单： ...

Group 1 - The central bank maintains a relatively loose liquidity stance, with expectations for September liquidity to remain reasonably ample due to accelerated fiscal spending [1] - In September, there is a significant liquidity gap, with 1.6 trillion yuan of medium- and long-term liquidity maturing, including 1 trillion yuan of 3-month reverse repos, 300 billion yuan of 6-month reverse repos, and 300 billion yuan of 1-year MLF [1] - Government bond net financing is approximately 1.43 trillion yuan, and tax payments are expected to be around 1.1 trillion yuan, indicating a tighter liquidity environment compared to August [1] Group 2 - Seasonal disturbances in liquidity are expected to increase in September, with heightened demand for liquidity at the end of the month due to banks and businesses preparing for holidays [2] - Fiscal spending typically accelerates in the last month of the quarter, which may provide some support to the liquidity environment, particularly in the final days of September [2] - The initial liquidity disturbance in September is primarily due to a large amount of public market maturities, but a self-adjusting loosening of liquidity is anticipated, supported by fiscal spending [2] Group 3 - The strong performance of the capital markets is a key factor to monitor in September, with non-seasonal factors potentially amplifying liquidity fluctuations [3] - The equity market's strength and increased market risk appetite may drive funds to reallocate across various assets, while the characteristics of credit issuance at the end of the quarter may be more pronounced this year [3] - The central bank's monetary policy remains loose, but there is an increased uncertainty in the liquidity environment due to the emphasis on preventing fund diversion and the removal of certain statements regarding government bond trading [3]