东兴证券股份有限公司2025 年半年度报告 公司代码：601198 公司简称：东兴证券 东兴证券股份有限公司 2025 年半年度报告 1 / 185 东兴证券股份有限公司2025 年半年度报告 重要提示 一、本公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容的真实性、准确 性、完整性，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 二、公司全体董事出席董事会会议。 三、本半年度报告未经审计。 四、公司负责人李娟、主管会计工作负责人张芳及会计机构负责人（会计主管人员）王长成声 明：保证半年度报告中财务报告的真实、准确、完整。 五、董事会决议通过的本报告期利润分配预案或公积金转增股本预案 公司2025年半年度利润分配预案：拟以实施权益分派股权登记日登记的总股本为基数，向全 体股东每股派发现金红利0.076元（含税）。 截至2025年6月30日，公司总股本3,232,445,520股，以此计算合计拟派发现金红利人民币 245,665,859.52元（含税），占2025年上半年合并报表归属于母公司股东净利润的30.00%。如在 实施权益分派的股权登记日前公司总股本发生变动的，拟维持分 ...

Core Insights - The company reported strong financial performance for the first half of 2025, with operating income of 2.249 billion yuan, a year-on-year increase of 12.46%, and a net profit attributable to shareholders of 819 million yuan, up 42.12% [1] - The company is focusing on high-quality development and has made significant progress in its business transformation strategy [1] Wealth Management - The company optimized its branch layout and accelerated the intelligent upgrade of investment advisory services, achieving a 55.27% year-on-year increase in the scale of fund advisory services [1] - The net income from the agency sales of financial products reached 43.22 million yuan, a growth of 18.05% year-on-year [1] - The financing and securities lending business maintained a guarantee ratio of 267.33% at the end of the period [1] Investment Trading - The company is building a multi-product, multi-strategy, and multi-market all-weather investment system, achieving stable investment returns amid market volatility [2] - It ranked 25th among 68 securities firms in terms of actual bid amount for local government bonds, with a bid amount of 1.577 billion yuan [2] - The company has 8 ongoing equity investment projects in strategic emerging industries, with a total investment scale of 360 million yuan [2] Investment Banking - The company restructured its investment banking business to enhance management efficiency, ranking 3rd in the number of IPOs as the lead underwriter [2] - It was awarded the "Most Potential Investment Bank" in the 2025 New Fortune magazine best investment bank selection [2] Asset Management - The company received approval for an additional QDII investment quota of 4 million USD, raising the total QDII overseas securities investment quota to 18 million USD [3] - Several QDII products were established, enhancing global asset allocation capabilities [3] - The "Puxian Series" charity asset management product was recognized as a "2025 Typical Case in China's Asset Management Industry" [3] Other Business Areas - The company's futures segment reported client equity of 2.706 billion yuan, with an average daily client equity of 2.877 billion yuan [4] - The company successfully issued a 1 billion yuan technology innovation corporate bond with a coupon rate of 1.80%, which was well-received by investors [4] - The company actively participated in the issuance of technology innovation bonds following new regulations [4] Strategic Initiatives - The company is committed to supporting the growth of technology enterprises, exemplified by its collaboration with Guangxin Technology for its listing on the North Exchange [5][6] - The company launched the East Star Industry Upgrade Mixed Securities Investment Fund, focusing on long-term investment opportunities in sectors like artificial intelligence and advanced manufacturing [6] - The implementation of the "Five Major Financial Articles" policy framework is guiding the company's strategic development and internal reforms [6]

登录新浪财经APP 搜索【信披】查看更多考评等级 聚焦高质量发展与投资者回报 8月26日，东兴证券股份有限公司（以下简称东兴证券或公司）正式发布2025年度"提质增效重回报"行 动方案。该方案以深入贯彻落实党的二十大及中央经济工作会议、中央金融工作会议精神为统领，积极 响应新"国九条"及上海证券交易所相关倡议，从党建引领、主业发展、投资者回报、服务国家战略、市 值管理和公司治理六大方面系统谋划，推动公司实现更高质量、更有效率、更可持续的发展，切实提升 投资者获得感和权益保障水平。 2025年，东兴证券将继续完善分红机制，增强分红频次和透明度，切实提升投资者获得感与满意度。 2025年中期，东兴证券拟向全体股东每10股派发现金红利0.76元（含税）。 践行国策："五篇大文章"赋能新质生产力 党建引领：把政治优势转化为治理效能 东兴证券始终坚持将党的领导贯穿于公司治理和经营管理的全过程，持续推动党建与业务深度融合。公 司党委切实发挥"把方向、管大局、保落实"的核心作用，确保党委会与董事会、监事会、管理层协同运 作，形成治理合力。 2025年，公司将认真贯彻落实党中央关于加强金融系统党的建设决策部署，聚焦中心工作， ...

证券代码：601198 证券简称：东兴证券 公告编号：2025-036 东兴证券股份有限公司 会计政策变更公告 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： 一、概述 财政部于 2025 年 7 月 8 日发布标准仓单交易相关会计处理实施问答（以下 简称问答），该问答解释了"企业在期货交易场所频繁买卖标准仓单（即由交割 库开具并经期货交易场所登记的标准化提货凭证）以从其短期价格波动中获取利 润、不涉及标准仓单对应商品实物提取的，应当如何进行会计处理"。根据该问 答，东兴证券股份有限公司（以下简称公司）需对相关业务的会计政策进行相应 变更。公司自 2025 年 1 月 1 日起执行上述会计政策，并对可比期间财务报表数 据进行追溯调整。 本次会计政策的变更是公司根据财政部发布的相关企业会计准则实施问答 而进行的相应变更，无需提交公司董事会和股东大会审议。 二、具体情况及对公司的影响 （一）具体情况 问答规定了"根据《企业会计准则第 22 号——金融工具确认和计量》（以下 简称 22 号准则）第八条并参考其应用指南 ...

证券代码：601198 证券简称：东兴证券 公告编号：2025-038 东兴证券股份有限公司关于 2025 年度"提质增效重回报"行动方案的公告 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。 公司始终坚持积极回馈股东、为股东创造价值的理念，不断优化分红政策， 增强投资者获得感。自 2015 年上市以来，公司已累计现金分红 48.10 亿元（含 税），且每年现金分红金额均占当期归属于上市公司股东净利润的 30%以上。公 司 2023 年年度股东大会审议通过了《东兴证券股份有限公司未来三年（2024 年-2026 年）股东回报规划》，建立对投资者持续、稳定、科学的回报机制，保 持利润分配政策的连续性和稳定性。公司积极响应上海证券交易所"提质增效 重回报"的倡议，按照新"国九条"和中国证监会关于一年多次分红的政策指 引，2024 年开展中期现金分红，2024 年全年合计派发现金红利 4.65 亿元（含 税），占 2024 年合并报表归属于母公司股东的净利润的 30.14%。 2025 年，公司将继续认真贯彻落实有关上市公司现金分红 ...

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： 拟续聘的会计师事务所名称：毕马威华振会计师事务所（特殊普通合伙） 东兴证券股份有限公司（以下简称公司）于 2025 年 8 月 26 日召开第六届董 事会第八次会议，审议通过了《关于聘请公司 2025 年度会计师事务所的议案》， 同意续聘毕马威华振会计师事务所（特殊普通合伙）（以下简称毕马威华振）为 公司 2025 年度会计师事务所。拟续聘的会计师事务所具体情况如下： 一、拟聘任会计师事务所的基本情况 证券代码：601198 证券简称：东兴证券 公告编号：2025-039 东兴证券股份有限公司 关于续聘会计师事务所公告 计师资格。于 2024 年 12 月 31 日，毕马威华振有合伙人 241 人，注册会计师 1,309 人，其中签署过证券服务业务审计报告的注册会计师超过 300 人。 毕马威华振 2024 年经审计的业务收入总额超过人民币 41 亿元，其中审计业 务收入超过人民币 40 亿元（包括境内法定证券服务业务收入超过人民币 9 亿元， 其他证券服务业务收 ...

格隆汇8月26日丨东兴证券(601198.SH)公布2025年半年度报告，报告期实现营业收入22.49亿元，同比增 长12.46%；归属于上市公司股东的净利润8.19亿元，同比增长42.12%；归属于上市公司股东的扣除非经 常性损益的净利润8.17亿元，同比增长42.06%；基本每股收益0.253元。公司拟向全体股东每股派发现 金红利0.076元（含税）。 ...

Group 1 - The stock price of Dongxing Securities (601198) closed at 12.54 yuan on August 22, 2025, with an increase of 4.76% and a turnover rate of 4.05% [1] - The trading volume was 1,309,100 hands, with a total transaction amount of 1.616 billion yuan [1] Group 2 - On August 22, 2025, the net inflow of main funds into Dongxing Securities was 145 million yuan, accounting for 8.96% of the total transaction amount [2][3] - Retail investors had a net outflow of 47.135 million yuan, representing 2.92% of the total transaction amount [2] - The company announced the successful completion of the repayment of the third phase of short-term financing bonds for 2024, with a total principal and interest of 1,529,250,000 yuan [2][3] - The short-term financing bond was issued on August 20, 2024, with a scale of 1.5 billion yuan, a coupon rate of 1.95%, and a maturity of 365 days [2]

Group 1 - A-shares experienced a strong upward trend, with the Shanghai Composite Index surpassing 3800 points, marking a ten-year high, driven by significant trading volume and participation from leading sectors [1][6][9] - The trading volume reached 2.58 trillion yuan in a single day, marking the eighth consecutive day of over 2 trillion yuan in trading, setting a historical record [1][6] - The AI sector, particularly the domestic AI industry chain, saw explosive growth, with stocks like Cambricon Technologies hitting new highs and the total market capitalization exceeding 520 billion yuan [1][5][6] Group 2 - The Science and Technology Innovation Board (STAR Market) is expected to see a rebound, with the domestic AI industry chain experiencing a surge due to three major catalysts, including advancements in AI models and significant policy developments [5][6][19] - The Science and Technology Innovation ETF (589520) surged by 8.26%, breaking its listing high, as the domestic AI sector gained momentum [2][5] - The market is currently favoring technology growth and small-cap stocks, with a positive feedback loop from increasing retail investor participation and private fund growth [2][6] Group 3 - The financial sector, particularly brokerage stocks, saw significant gains, with the top brokerage ETF (512000) rising by 3.4% and substantial trading volume, indicating strong market support [3][7][11] - The brokerage sector is benefiting from the ongoing bull market, with a notable inflow of capital, as evidenced by a net inflow of 140.65 billion yuan into the sector [9][11][13] - The current market environment is characterized by a "slow bull" trend, with expectations of continued upward momentum in the Chinese stock market due to moderate leverage and valuation levels [13][15] Group 4 - The AI sector continues to thrive, with significant gains in the AI application and computing hardware segments, as evidenced by the performance of stocks like Kunlun Wanwei and Deepin Technology [16][18] - The entrepreneurial board AI index has shown a remarkable increase of 11.77% over the week, with a strong performance from computing hardware stocks [18][20] - The focus on domestic AI models and the increasing investment in computing infrastructure are expected to drive further growth in the sector [19][20]

Core Points - Dongxing Securities (601198) closed at 12.54 yuan on August 22, 2025, marking a 6.0% increase from the previous week's closing price of 11.83 yuan [1] - The company's market capitalization is currently 40.535 billion yuan, ranking 31st out of 50 in the securities sector and 414th out of 5,152 in the A-share market [1] Company Announcements - Dongxing Securities completed the repayment of its third short-term financing bond for 2024, totaling 1,529,250,000 yuan, which includes both principal and interest [1] - The short-term financing bond had an issuance scale of 1.5 billion yuan, a coupon rate of 1.95%, and a maturity period of 365 days, with the repayment date being August 20, 2025 [1] - The board of directors of the company is responsible for the authenticity, accuracy, and completeness of the announcement [1]