证券代码：601901 证券简称：方正证券 公告编号：2025-037 方正证券股份有限公司 第五届董事会第十八次会议决议公告 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。 公司第五届董事会第十八次会议于 2025 年 10 月 30 日以现场加视频的方式在公司 会议室召开。本次会议的通知、补充通知和会议资料分别于 2025 年 10 月 20 日、27 日以电子邮件方式发出。本次会议由董事长施华先生召集和主持，应出席董事 9 名， 实际出席董事 9 名（施华先生、姜志军先生、宋洪军先生、张路先生、曹诗男女士、 林钟高先生、柯荣富先生视频参会，李岩先生、张忠民女士现场参会），公司 3 名监事 列席了会议。本次会议的召集、召开程序符合《公司法》、公司《章程》的有关规定。 经审议，本次会议形成如下决议： 一、审议通过了《2025 年第三季度报告》 《2025 年第三季度报告》与本公告同日刊登在《中国证券报》《上海证券报》《证 券时报》《证券日报》和上海证券交易所网站（www.sse.com.cn）。 此项议案已经董事会审计委员会 ...

方正证券股份有限公司 2025 年第三季度报告 证券代码：601901 证券简称：方正证券 方正证券股份有限公司 2025 年第三季度报告 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、主要财务数据 （一） 主要会计数据和财务指标 单位：元 币种：人民币 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整，不存 在虚假记载、误导性陈述或者重大遗漏，并承担个别和连带的法律责任。 公司负责人施华、主管会计工作负责人李岩及会计机构负责人（会计主管人员）祖坤保证季度报 告中财务信息的真实、准确、完整。 第三季度财务报表是否经审计 □是 √否 | | | 本报告期比 | | 年初至报告期 | | --- | --- | --- | --- | --- | | 项目 | 本报告期 | 上年同期增 | 年初至报告期末 | 末比上年同期 | | | | 减变动幅度 | | 增减变动幅度 | | | | (%) | | (%) | | 营业收入 | 3,418,897,129.32 | 99.89 ...

Group 1 - The core viewpoint of the article highlights the significant growth in revenue and net profit for the company in the third quarter and the first three quarters of the year [1] Group 2 - In the third quarter, the company's revenue reached 3.419 billion yuan, representing a year-on-year increase of 99.89% [1] - The net profit for the third quarter was 1.415 billion yuan, showing a year-on-year growth of 130.46% [1] - For the first three quarters, the total revenue amounted to 9.082 billion yuan, which is a year-on-year increase of 67.17% [1] - The net profit for the first three quarters was 3.799 billion yuan, reflecting a year-on-year growth of 93.31% [1]

方正证券公告，沈阳盛京金控投资集团有限公司向盛京银行全体股东发出全面要约，方正证券董事会同 意出售所持3亿股盛京银行内资股，交易对价合计为4.35亿元。本次交易不构成关联交易，也不构成重 大资产重组，已获董事会审议通过，无需提交股东大会审议。交易完成后，方正证券将不再持有盛京银 行股份，预计将减少本年度归属于上市公司股东净利润约4.49亿元。 ...

Market Overview - On October 30, the securities sector declined by 2.0%, with Shanxi Securities leading the drop [1] - The Shanghai Composite Index closed at 3986.9, down 0.73%, while the Shenzhen Component Index closed at 13532.13, down 1.16% [1] Individual Stock Performance - Shanxi Securities (002500) fell by 4.73% to a closing price of 6.45, with a trading volume of 973,200 shares and a turnover of 634 million [2] - Guosheng Securities (002670) decreased by 4.70% to 20.67, with a trading volume of 735,700 shares and a turnover of 1.544 billion [2] - Other notable declines include: - Huaneng Securities (600864) down 4.33% to 7.51 [2] - Dongfang Fortune (300059) down 3.25% to 25.63, with a significant trading volume of 4.676 million shares and a turnover of 12.134 billion [2] Capital Flow Analysis - The securities sector experienced a net outflow of 8.61 billion from institutional investors, while retail investors saw a net inflow of 5.583 billion [2] - Notable individual stock capital flows include: - Huatai Securities (601688) with a net outflow of 1.36 billion from institutional investors [3] - Fangzheng Securities (601901) had a net inflow of 28.79 million from institutional investors [3] - Nanjing Securities (601990) faced a significant net outflow of 23.81 million from institutional investors [3]

Core Viewpoint - Company is firmly implementing the "Community Central Kitchen" strategy, actively promoting new product launches, and continuously enriching its product matrix, leading to impressive Q3 performance and expected growth in Q4 [1] Revenue Growth - In Q3 2025, the company achieved total operating revenue of 18.50-20.50 billion yuan, representing a year-on-year increase of 13.60% to 25.80%, with a midpoint value of 19.50 billion yuan, reflecting a 19.70% increase [2] Profitability Improvement - The company reported core operating profit of 0.65-0.75 billion yuan in Q3 2025, a year-on-year increase of 44.40% to 66.70%, with a midpoint of 0.70 billion yuan, indicating a 55.50% increase [3] Store Expansion and Efficiency - The company is accelerating the rollout of new store models, with a total of 10,761 stores by the end of Q3 2025, netting an increase of 361 stores, which is a year-on-year growth of 98% [3]

Core Viewpoint - The company, Guoquan (锅圈), is firmly implementing its "Community Central Kitchen" strategy, actively launching new products, and expanding its store types to enhance single-store efficiency and accelerate channel growth, resulting in impressive Q3 performance [1][2]. Revenue Performance - In Q3 2025, the company achieved total operating revenue of 18.50-20.50 billion yuan, representing a year-on-year increase of 13.60% to 25.80%, with a midpoint of 19.50 billion yuan, reflecting a 19.70% growth [2][3]. Profitability - The company reported core operating profit of 0.65-0.75 billion yuan in Q3 2025, marking a year-on-year increase of 44.40% to 66.70%, with a midpoint of 0.70 billion yuan, indicating a 55.50% growth [2][4]. Store Expansion and Efficiency - The company is accelerating the rollout of its new store model, with a total of 10,761 stores by the end of Q3 2025, a net increase of 361 stores, representing a year-on-year growth of 98% [4].

Core Viewpoint - The company reported significant net profit growth in the first three quarters of 2025, driven by quality improvement, efficiency enhancement, and cost control measures [2]. Group 1: Financial Performance - The company achieved impressive net profit growth in the first three quarters of 2025 due to proactive market responses and continuous quality improvement initiatives [2]. - Effective management of operating costs and expenses, along with an increase in other income, contributed to the sustained enhancement of profitability [2]. Group 2: Business Expansion - Approximately 50% of the company's projects are related to heating and gas supply, with profit growth in this area being a result of overall quality and efficiency improvements [3]. - The company encourages subsidiaries to expand heating and gas supply services based on local conditions to enhance regional market competitiveness [3]. Group 3: M&A Plans in Solid Waste Sector - The company plans to focus on three types of targets for future acquisitions in the solid waste sector: projects not included in the 2023 major asset restructuring, external and market projects (including overseas), and expansion into other solid waste business areas to enrich service capabilities [4].

Core Viewpoint - The A-share brokerage stocks have shown significant upward movement, with notable gains in several firms, driven by strong performance in the third quarter and favorable market conditions [1] Group 1: Brokerage Performance - As of October 28, 14 brokerages reported their performance for the first three quarters, with 13 firms showing comparable data, resulting in a total net profit attributable to shareholders of approximately 46.726 billion yuan, reflecting a year-on-year increase of 46.42% [1] - Among these, three brokerages saw their net profits double, while eight firms experienced growth rates between 50% and 100% [1] Group 2: Market Environment - The stock price performance of brokerages, particularly those like CITIC Securities and East Money, is influenced not only by the third-quarter performance but also by the current market environment, as the Shanghai Composite Index approaches the critical 4000-point mark [1] - Market sentiment plays a significant role in influencing stock price movements during this period [1] Group 3: Stock Price Movements - Notable stock price movements include Huazhong Securities reaching a limit-up of 10.05%, Northeast Securities increasing by over 8%, and several others like GF Securities and East Money rising by more than 4% [2] - A majority of the listed brokerages have seen their stock prices increase by over 2% [2]

Core Viewpoint - Fangzheng Securities has shown a positive stock performance with a 2.07% increase on October 29, 2023, and a total market capitalization of 69.067 billion yuan [1] Company Overview - Fangzheng Securities, established on October 26, 1994, and listed on August 10, 2011, is located in Changsha, Hunan Province. The company engages in various financial services including securities brokerage, investment consulting, proprietary trading, asset management, and financial advisory [1] - The revenue composition of Fangzheng Securities includes wealth management (58.58%), investment and trading (34.86%), other services (6.38%), asset management (5.23%), and investment banking (2.28%) [1] Financial Performance - As of June 30, 2025, Fangzheng Securities reported a net profit of 2.384 billion yuan, representing a year-on-year growth of 76.43% [2] - The company has distributed a total of 3.775 billion yuan in dividends since its A-share listing, with 1.674 billion yuan distributed over the past three years [3] Shareholder Information - As of June 30, 2025, Fangzheng Securities had 194,200 shareholders, a decrease of 6.44% from the previous period, with an average of 42,394 shares held per shareholder, an increase of 6.89% [2] - The top ten circulating shareholders include Hong Kong Central Clearing Limited, which holds 655 million shares, an increase of 85.4878 million shares from the previous period [3]