记者丨巫燕玲 编辑丨崔文静 实习生张长荣 8月13日，A股市场全天震荡走高，沪指突破去年10月8日高点，创近4年新高。身为"牛市旗手"的券商 股也一度冲高，国盛金控2连板。 对于投资者而言，除了股市大涨带来收益提升以外，还有一大收益正在默默增长——上市公司分红。 以证券行业为例，不少券商分红力度、规模均在增加。 当前是券商2024年报分红实施陆续落地、2025年中期分红逐步披露的关键时期。 21世纪经济报道记者根据Wind数据梳理发现，包括第一创业、华林证券、方正证券、西南证券等在内 的多家券商2024全年分红力度较2023年翻倍，其中华林证券2024年分红规模高达2023年的十倍之多。 此外，截至8月13日，制定2025年中期分红预案、提出三年股东回报规划的上市公司已达十余家。而在 2022年和2023年，进行中期分红的上市券商仅有2家和1家。 在证监会的引导下，2024年进行中期分红的券商大增至26家，2025年这一分红家数有望进一步突破。 哪些券商分红诚意相对更足？ 从每手分红规模来看，头部券商更具诚意。由于目前披露2025年中期分红具体规模的券商相对有限， 2024年报分红情况更具说服力。 就2024 ...

专题：专题|2024年度A股CFO数据报告：美的集团钟铮年薪946万，比亚迪周亚琳896万 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！ 作为上市公司核心管理层关键成员，财务总监CFO的地位与作用至关重要。新浪财经《2024年度A股 CFO数据报告》显示，2024年A股上市公司财务总监CFO群体薪酬规模合计达42.70亿元，平均年薪为 81.48万元。 薪酬远低于行业平均水平，这无疑是对他价值的低估。长期的低薪可能会打击他的工作积极性，甚至可 能导致人才流失。 责任编辑：公司观察 首创证券的老板们，应当重视这一问题，尽快为唐洪广涨薪。给予他与其贡献相匹配的薪酬，不仅是对 他个人的尊重和认可，更是激励他继续为公司发光发热、推动公司持续稳健发展的重要举措。 资料显示，唐洪广先生，1969年出生，中国国籍，无境外居留权，硕士研究生，2021年11月起担任本公 司总会计师（财务负责人），2020年8月至2021年10月担任本公司财务负责人。唐洪广先生曾任甘肃省 经济管理干部学院财金系讲师，西北师范大学经济管理学院会计系讲师，甘肃五联会计师事务所有限责 任公司项目经理，五联联合会计师事务所有 ...

登录新浪财经APP 搜索【信披】查看更多考评等级 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！ 证券代码：601136 证券简称：首创证券 公告编号：2025-027 首创证券股份有限公司 关于召开2025年第一次临时股东会的通知 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： 2025年第一次临时股东会 召开的日期时间：2025年8月28日 15点00分 召开地点：北京市朝阳区安定路5号院13号楼北投投资大厦会议室 （五）网络投票的系统、起止日期和投票时间。 网络投票系统：上海证券交易所股东大会网络投票系统 网络投票起止时间：自2025年8月28日 至2025年8月28日 采用上海证券交易所网络投票系统，通过交易系统投票平台的投票时间为股东会召开当日的交易时间 段，即9:15-9:25，9:30-11:30，13:00-15:00；通过互联网投票平台的投票时间为股东会召开当日的9:15- 15:00。 涉及融资融券、转融通业务、约定购回业务相关账户以及沪股通投资者的投票，应按照《上 ...

证券代码：601136 证券简称：首创证券 公告编号：2025-027 首创证券股份有限公司 关于召开2025年第一次临时股东会的通知 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： 股东会召开日期：2025年8月28日 本次股东会采用的网络投票系统：上海证券交易所股东大会网络投票系 统 一、召开会议的基本情况 （一）股东会类型和届次 2025年第一次临时股东会 （二）股东会召集人：董事会 （三）投票方式：本次股东会所采用的表决方式是现场投票和网络投票相 结合的方式 （四）现场会议召开的日期、时间和地点 召开的日期时间：2025 年 8 月 28 日 15 点 00 分 召开地点：北京市朝阳区安定路 5 号院 13 号楼北投投资大厦会议室 （五）网络投票的系统、起止日期和投票时间。 网络投票系统：上海证券交易所股东大会网络投票系统 网络投票起止时间：自2025 年 8 月 28 日 至2025 年 8 月 28 日 采用上海证券交易所网络投票系统，通过交易系统投票平台的投票时间为 股东会召开当日的交易时间段，即 ...

首创证券股份有限公司 2025 年第一次临时股东会 会议文件 2025 年 8 月 28 日·北京 2025 年第一次临时股东会会议文件 首创证券股份有限公司 2025 年第一次临时股东会议程 现场会议时间：2025 年 8 月 28 日（星期四）15 点 00 分 现场会议地点：北京市朝阳区安定路 5 号院 13 号楼北投投资大厦会议室 网络投票：采用上海证券交易所网络投票系统，通过交易系统投票平台的投票 时间为股东会召开当日的交易时间段，即 9:15-9:25，9:30-11:30，13:00-15:00； 通过互联网投票平台的投票时间为股东会召开当日的 9:15-15:00。 会议召集人：首创证券股份有限公司（以下简称公司或本公司）董事会 会议主持人：公司董事长（按照《公司章程》规定主持召开） 现场会议日程： 一、主持人宣布会议开始 二、宣布股东会出席情况、推选监票人和计票人 三、介绍会议基本情况 四、审议股东会议案（含股东发言、提问环节） 五、填写现场表决票并开始投票 六、休会（汇总统计现场投票情况和网络投票情况） 七、宣布会议表决结果（最终投票结果以公司公告为准） 八、公司聘请的见证律师宣读本次股东 ...

首席经济学家 政治局会议"托而不举",美国经济动能减弱 SAC 执证编号: S0110520110004 weizhichao@sczq.com.cn 电话:86-10-81152692 宏观经济分析报告 | 2025.8.8 相关研究 核心观点 韦志超 | 图 1 多数商品在政治局会议后价格回调（自 2025年7月15日开始的累计收益率,%） | | --- | | 图 2 30 大中城市商品房成交面积 7 月同比下降 18.6%至 649 万平方米（万平方米） | | 图 3 乘用车销量 7月同比上涨 6.1%至 183.4 万辆(万辆) | | 图 4 我国 7 月出口金额同比增加 7.2%至 3217.8 亿美元(亿美元) | | 图 5 制造业 7 月 PMI 显示呈现"价升量缩"特征（%）… | | 图 6 美国 7 月新增非农就业人数 7.3 万人,且 5-6 月数据累计下修 25.3 万人（万人） | | 图 7 美国 7 月制造业 PMI 边际收缩,但 7月失业率未大幅上升(%) | | 图 8 MSCI 全球与 MSCI 中国（美元）的收益率差距自 2024 年开始，波动幅度较窄（中枢 8 ...

Group 1 - The brokerage sector experienced significant upward movement, with Xinda Securities rising over 8% [1] - Other securities firms such as Hongta Securities, Dongxing Securities, Dongfang Securities, and Shouchuang Securities also saw increases in their stock prices [1]

Group 1 - In 2025, the Hong Kong capital market shows strong financing vitality, with total equity financing in the Hong Kong stock market reaching 291.64 billion RMB, a year-on-year increase of 288.75% [1] - On July 25, 2025, the company announced plans to issue H-shares and apply for listing on the Hong Kong Stock Exchange, marking the resumption of Hong Kong listings for brokers after six years [1] - Currently, there are 13 brokers listed in both A-share and H-share markets, including notable firms such as CITIC Securities and Huatai Securities [1] Group 2 - The company achieved a revenue of 2.418 billion RMB in 2024, a year-on-year growth of 25.49%, ranking 40th among A-share listed brokers; net profit reached 985 million RMB, up 40.49%, ranking 29th [2] - Asset management business has become a significant growth driver, with revenue of 909 million RMB in 2024, accounting for 37.61% of total revenue, and a year-on-year increase of 62.67% [2][4] - Investment banking business also saw substantial growth, with net income from fees reaching 184 million RMB, a year-on-year surge of 91.66% [5] Group 3 - The brokerage business has faced stagnation, with net income from fees remaining around 223 million RMB from 2021 to 2023, and a slight decline to 219 million RMB in 2024 [5] - Interest net income remains under pressure, showing a continuous decline since 2020, with a recovery to -95 million RMB in 2024, but still in a loss position [7] - In Q1 2025, the company experienced a significant decline in net profit by 31.42%, attributed to bond market volatility affecting asset management income [9][10] Group 4 - The company plans to invest up to 110 million RMB in purchasing an office building in Shanghai to enhance its operational capabilities and attract financial talent [11][12] - The dual strategy of seeking international capital through H-share listing and strengthening local operations through real estate acquisition reflects the company's determination to overcome challenges and transform [12][13]

Core Viewpoint - The announcement of Shouchuang Securities planning to list in Hong Kong highlights a growing trend among Chinese brokers to pursue an "A+H" listing strategy, driven by the need for capital replenishment and international business expansion in a rapidly changing market environment [1] Group 1: Capital Strengthening - The move to list in Hong Kong aims to solidify the capital base and enhance overall competitiveness, as capital strength is crucial for business scale and risk management [1] - The "A+H" model allows brokers to optimize their capital structure and improve financial resilience, which is essential for expanding capital-intensive businesses and enhancing risk resistance [1] Group 2: Global Expansion - Hong Kong's status as an international financial center is increasingly significant, providing brokers with opportunities to grow their international business [2] - Listing in Hong Kong is a direct manifestation of brokers' internationalization strategies, enabling them to efficiently expand into high-value cross-border services, particularly under favorable policies like the "Cross-Border Wealth Management Connect" [2] Group 3: Differentiated Development for Small and Medium Brokers - For small and medium-sized brokers, listing in Hong Kong presents a viable path for achieving differentiated competition and overcoming resource constraints [3] - The Hong Kong market attracts numerous emerging technology and biopharmaceutical companies, allowing smaller brokers to focus on specialized services such as investment banking and cross-border mergers and acquisitions [3] - Expanding into international markets helps small brokers diversify their income sources, reduce reliance on a single market, and enhance overall service quality [3]

Group 1 - The report highlights that Shouchao Securities plans to list H shares, indicating a window for interest rate reduction, which is expected to enhance the company's capital strength and competitiveness in the international market [5][6] - The non-bank financial sector index rose by 3.5%, outperforming the CSI 300 by 1.8 percentage points, with brokerage and insurance indices also showing synchronized increases of 4.8% and 1.8% respectively [5][6] - The report notes a significant increase in the average daily trading volume of the stock market to 22,338 billion yuan, a week-on-week increase of 19.4%, alongside a 2.4% increase in margin trading balance [5] Group 2 - The report indicates that the preset interest rate for life insurance products has been adjusted down to 1.99%, a decrease of 14 basis points from the previous quarter, prompting several major insurance companies to lower their rates for various insurance products [7] - The adjustment in interest rates is expected to enhance the competitiveness of dividend insurance products, aligning with regulatory guidance to support their sales [7] - The report emphasizes that despite the downward adjustment, the attractiveness of insurance products remains, particularly in the context of declining interest rates in other financial products [7] Group 3 - The IMF has raised its economic growth forecast for China in 2025 to 4.8%, an increase of 0.8 percentage points from previous estimates, reflecting stronger-than-expected economic activity in the first half of the year [14][15] - The report mentions that the ongoing US-China trade talks in Stockholm are aimed at stabilizing economic relations and addressing mutual concerns, which could further influence economic conditions [15][16] Group 4 - The report provides an analysis of the A-share market, noting that the Shanghai Composite Index closed up by 0.33% at 3,609 points, with significant net outflows of large funds totaling over 123 billion yuan [17][18] - The healthcare services sector showed the highest increase among industry sectors, rising by 5.38%, while the aquaculture sector experienced a decline of 1.81% [22] - The report highlights that the market is approaching key resistance levels, necessitating close monitoring of volume and price indicators [18][19]