证券代码：601901 证券简称：方正证券 公告编号：2025-026 每股分配比例 A 股每股现金红利0.0593元 相关日期 | 股份类别 | 股权登记日 | 最后交易日 | 除权（息）日 | 现金红利发放日 | | --- | --- | --- | --- | --- | | Ａ股 | 2025/7/24 | － | 2025/7/25 | 2025/7/25 | 差异化分红送转： 否 一、通过分配方案的股东大会届次和日期 本次利润分配方案经公司2025 年 5 月 30 日的2024年年度股东大会审议通过。 方正证券股份有限公司 2024年年度权益分派实施公告 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： 二、分配方案 1、发放年度：2024年年度 2、分派对象： 截至股权登记日下午上海证券交易所收市后，在中国证券登记结算有限责任 公司上海分公司（以下简称"中国结算上海分公司"）登记在册的本公司全体股东。 3、分配方案： 本次利润分配以方案实施前的公司总股本8,232,101,395股为基数，每股派 ...

Group 1 - Glyphosate is the second most used herbicide globally, with significant market demand growth driven by the ban and restriction of paraquat and increasing resistance issues with glyphosate [1] - Glyphosate has a unique herbicidal mechanism that inhibits the synthesis of glutamine in plants, leading to ammonia accumulation and cell metabolism disruption, establishing its important position in the pesticide market [1] - The global market share for glyphosate is projected to reach $499 million in 2024 [1] Group 2 - China is the largest producer of glyphosate, with a total production capacity of 151,000 tons by 2025, including major producers like Inner Mongolia Lingsheng (75,000 tons) and Shandong Yisheng (24,000 tons) [2] - BASF plans to cease glyphosate production at its Knapsack and Frankfurt facilities by the end of 2024 and 2025, respectively [2] - UPL's production capacity is only 8,000 tons [2] Group 3 - As of July 14, 2025, the average market price for glyphosate raw powder is 43,700 yuan per ton, below the industry cost of 56,900 yuan per ton [3] - Current inventory levels in the glyphosate industry have decreased by 8.94% week-on-week and 27.3% from the year's peak [3] - Demand from regions like South America and Southeast Asia is expected to drive price recovery, with some companies already scheduling orders into late August [3]

Core Viewpoint - Central Huijin Investment Co., Ltd. plays a crucial role in promoting the reform of major financial institutions and maintaining financial stability in China through capital injection and equity management [1] Group 1: A-share Banking Listed Companies - Industrial and Commercial Bank of China (ICBC) is the largest commercial bank globally, with a registered capital of 356.406 billion yuan and a market-leading position in corporate banking [3] - Agricultural Bank of China (ABC) has a strong presence in rural finance, with a registered capital of 349.983 billion yuan, and plays a vital role in the rural revitalization strategy [6] - Bank of China (BOC) is the oldest bank in China with a focus on foreign exchange and cross-border financial services, having a registered capital of 294.388 billion yuan [9] - China Construction Bank (CCB) excels in infrastructure financing and housing finance, with a registered capital of 250.011 billion yuan [12] - China Everbright Bank focuses on traditional banking services and has expanded into wealth management and consumer finance, with a registered capital of 59.086 billion yuan [14] Group 2: A-share Insurance Listed Companies - Ping An Insurance is the largest comprehensive financial services group in China, with a registered capital of 18.21 billion yuan, offering a wide range of financial products [27] - China Life Insurance is a leading state-owned life insurance company with a registered capital of 28.265 billion yuan, focusing on traditional life and health insurance products [29] - New China Life Insurance is recognized for its high-value business transformation, with a registered capital of 3.12 billion yuan, emphasizing health insurance growth [31] Group 3: A-share Securities Listed Companies - China International Capital Corporation (CICC) is the first Sino-foreign joint investment bank in China, with a registered capital of 4.827 billion yuan, focusing on high-net-worth clients [33] - Shenwan Hongyuan is a comprehensive securities company formed by the merger of two historical firms, with a registered capital of 25.04 billion yuan [35] - China Galaxy Securities has a strong presence in brokerage and asset management, with a registered capital of 10.934 billion yuan [41] Group 4: A-share Internet Financial Listed Companies - Eastmoney Information is a leading internet financial service platform in China, with a registered capital of 15.786 billion yuan, excelling in securities and fund sales [61] Group 5: A-share Diversified Financial Listed Companies - Zhejiang Dongfang has licenses in trust, futures, and insurance, with a registered capital of 3.415 billion yuan, focusing on digital transformation [63] - Shaanxi Guotou A is the first company in Northwest China to conduct comprehensive trust business, with a registered capital of 5.114 billion yuan [65] Group 6: Strategic Positioning - Central Huijin holds or heavily invests in 26 major financial listed companies, enhancing industry resource allocation and concentration, which is expected to boost stock prices and valuations [67]

Group 1 - Cathay Pacific Haikou expects a net profit increase of 205%-218% for the first half of 2025, with a projected profit of 15.283 billion to 15.957 billion yuan [1] - The main reason for the profit increase is the merger with Haitong Securities, which has led to significant growth in wealth management and trading revenues [1] - Shenyuan Hongyuan anticipates a net profit increase of 92.66%-111.46% for the first half of 2025, with a projected profit of 4.1 billion to 4.5 billion yuan [6][7] Group 2 - Southern Airlines expects a net loss of 1.338 billion to 1.756 billion yuan for the first half of 2025, primarily due to changes in passenger structure and international uncertainties [2] - China Eastern Airlines projects a net loss of 1.2 billion to 1.6 billion yuan for the first half of 2025, influenced by intense domestic market competition [3] - Air China anticipates a net loss of 1.7 billion to 2.2 billion yuan for the first half of 2025, affected by market supply imbalances and international uncertainties [4] Group 3 - HNA Group expects to turn a profit in the first half of 2025, with a projected net profit of 45 million to 65 million yuan, attributed to improved market conditions and operational adjustments [5] - CICC forecasts a net profit increase of 55%-78% for the first half of 2025, with a projected profit of 3.453 billion to 3.966 billion yuan [8] - CITIC Securities anticipates a net profit increase of 55%-60% for the first half of 2025, with a projected profit of 4.43 billion to 4.573 billion yuan [9] Group 4 - Shandong Gold expects a net profit of 2.55 billion to 3.05 billion yuan for the first half of 2025, representing an increase of 84.3%-120.5% [10] - Poly Developments anticipates a net profit decrease of 63.15% for the first half of 2025, with a projected profit of 2.735 billion yuan [11] - Luoyang Molybdenum expects a net profit increase of 51%-68% for the first half of 2025, with a projected profit of 8.2 billion to 9.1 billion yuan [13] Group 5 - Longi Green Energy expects a net loss of 2.4 billion to 2.8 billion yuan for the first half of 2025, but with a significant reduction in losses compared to the previous year [14] - Tongwei Co. anticipates a net loss of 4.9 billion to 5.2 billion yuan for the first half of 2025, influenced by ongoing industry challenges [15] - Ganfeng Lithium expects a net loss of 300 million to 550 million yuan for the first half of 2025, an improvement from the previous year's loss [16] Group 6 - Jianghuai Automobile expects a net loss of approximately 680 million yuan for the first half of 2025, primarily due to increased competition in the international market [21] - Yonghui Supermarket anticipates a net loss of 240 million yuan for the first half of 2025, attributed to ongoing transformation challenges [22] - ST Huatuo expects a net profit increase of 107.2%-159% for the first half of 2025, with a projected profit of 2.4 billion to 3 billion yuan [23] Group 7 - New Hope anticipates a net profit of 680 million to 780 million yuan for the first half of 2025, marking a turnaround from losses [25] - Linyi Intelligent Manufacturing expects a net profit increase of 32%-67% for the first half of 2025, with a projected profit of 900 million to 1.14 billion yuan [27] - Pengding Holdings expects a net profit increase of 52.79%-60.62% for the first half of 2025, with a projected profit of 1.198 billion to 1.26 billion yuan [29] Group 8 - Hengtong Electronics expects a net profit increase of 740.95% for the first half of 2025, with a projected profit of approximately 251 million yuan [30] - Shengyi Technology anticipates a net profit increase of 50%-56% for the first half of 2025, with a projected profit of 1.4 billion to 1.45 billion yuan [31] - Founder Securities expects a net profit increase of 70%-80% for the first half of 2025, with a projected profit of 2.299 billion to 2.43 billion yuan [33]

Group 1 - New Yi Sheng expects a net profit increase of 327.68%-385.47% for the first half of 2025, reaching between 37 billion to 42 billion yuan, driven by growth in AI-related computing power demand and product structure optimization [2][4] - Xinghui Entertainment plans to sell 99.66% of its stake in the Spanish club Espanyol for 1.3 billion euros, with half of the payment in cash and the other half in shares [3] - *ST Yushun intends to acquire 100% of three companies for a total of 33.5 billion yuan, aiming to diversify its business into data center infrastructure services and related products [4] Group 2 - Salted Fish plans to reduce its shareholding by up to 2.04%, with a major shareholder intending to sell 5,455,572 shares [5] - Lian Microelectronics expects a net loss of approximately 1.21 billion yuan for the first half of 2025 [6] - Meinian Health anticipates a net loss of 1.92 billion to 2.36 billion yuan for the first half of 2025, with revenue expected to decline by 0.12%-5.83% [7] Group 3 - Chengdi Xiangjiang forecasts a net profit of 28 million to 42 million yuan for the first half of 2025, marking a turnaround from a loss of 69.29 million yuan in the previous year [8] - Jinpu Titanium plans to acquire 100% of Nanjing Lide Oriental Rubber and Plastic Technology Co., Ltd., with stock resuming trading after the announcement [9] - Bohai Leasing expects a net loss of 1.8 billion to 2.4 billion yuan for the first half of 2025 due to goodwill impairment from a subsidiary's asset sale [10] Group 4 - Foton Motor anticipates a net profit increase of approximately 87.5% for the first half of 2025, reaching about 777 million yuan [11] - Shenwan Hongyuan expects a net profit growth of 92.66%-111.46% for the first half of 2025, estimating profits between 4.1 billion to 4.5 billion yuan [12] - Ganfeng Lithium predicts a net loss of 5.5 billion to 3 billion yuan for the first half of 2025, an improvement from a loss of 7.6 billion yuan in the previous year [13] Group 5 - Suzhou Planning intends to acquire 100% of Beijing Dongjin Aviation Technology Co., Ltd., with stock resuming trading after the announcement [14] - Xiangyang Bearing expects a net loss of approximately 13 million yuan for the first half of 2025, slightly worse than the previous year's loss [15] - Tianqi Lithium forecasts a net profit of 0 to 1.55 billion yuan for the first half of 2025, a significant improvement from a loss of 5.2 billion yuan in the previous year [16] Group 6 - Shandong Gold anticipates a net profit increase of 84.3%-120.5% for the first half of 2025, estimating profits between 2.55 billion to 3.05 billion yuan [17] - Yunnan Geology expects a net profit of 16 million to 23 million yuan for the first half of 2025, marking a turnaround from a loss in the previous year [18] - Four-dimensional Map expects a net loss of 319 million to 268 million yuan for the first half of 2025, with revenue growth of 3.07%-14.30% [19] Group 7 - Tangrenshen anticipates a net loss of 54 million to 69 million yuan for the first half of 2025, a significant decline from the previous year's profit [20] - Changbai Mountain expects a net loss of 2.58 million to 1.58 million yuan for the first half of 2025, with revenue decreasing by approximately 7.48% [21] - Jiu Gui Jiu predicts a net profit of 8 million to 12 million yuan for the first half of 2025, a decline of 90.08%-93.39% compared to the previous year [22] Group 8 - Hengsheng Electronics expects a net profit increase of 740.95% for the first half of 2025, estimating profits around 251 million yuan [23] - Qixia Construction anticipates a net profit of 5.5 million to 8 million yuan for the first half of 2025, driven by increased project completions [24] - Poly Development expects a net profit decrease of 63.15% for the first half of 2025, estimating profits around 27.35 billion yuan [25] Group 9 - Anyuan Coal anticipates a net loss of 259 million to 310 million yuan for the first half of 2025, worsening from the previous year's loss [26] - Zhonghua Equipment plans to acquire 100% of Yiyang Rubber Machine and Beihua Machine, with stock suspension expected for no more than 10 trading days [27] - Bayi Steel expects a net loss of 650 million to 700 million yuan for the first half of 2025, primarily due to weak market conditions [28] Group 10 - Yuegui Co. anticipates a net profit increase of 58.67%-77.12% for the first half of 2025, estimating profits between 215 million to 240 million yuan [29] - Dalian Friendship expects a net loss of 38 million to 30 million yuan for the first half of 2025, with revenue impacted by tax-related issues [30] - Hangfa Power expects a net profit decrease of 84.53%-86.55% for the first half of 2025, estimating profits around 80 million to 92 million yuan [31] Group 11 - Dongfang Zirconium anticipates a net profit increase of 141.77%-156.80% for the first half of 2025, estimating profits between 25 million to 34 million yuan [32] - Hangzhou Steel expects a net profit decrease of 2% from a major shareholder's planned reduction [33] - Jingao Technology predicts a net loss of 2.5 billion to 3 billion yuan for the first half of 2025, worsening from the previous year's loss [34] Group 12 - Shanshan Co. expects a net profit increase of 810.41%-1265.61% for the first half of 2025, estimating profits between 160 million to 240 million yuan [35] - Guocheng Mining anticipates a net profit increase of 1046.75%-1174.69% for the first half of 2025, estimating profits between 493 million to 548 million yuan [36] - Jindi Group expects a net loss of 3.4 billion to 4.2 billion yuan for the first half of 2025, with significant declines in revenue [37] Group 13 - Founder Securities anticipates a net profit increase of 70%-80% for the first half of 2025, estimating profits between 22.96 billion to 24.32 billion yuan [38] - Hasi Lian expects a net loss of 98 million to 80 million yuan for the first half of 2025, a significant decline from the previous year [39] - Lanhua Ketech expects a net profit decrease of 89.12%-92.75% for the first half of 2025, estimating profits between 40 million to 60 million yuan [40] Group 14 - Shanxi Securities anticipates a net profit increase of 58.17%-70.72% for the first half of 2025, estimating profits between 5.04 billion to 5.44 billion yuan [41] - Xinda Real Estate expects a net loss of 3.5 billion to 3.9 billion yuan for the first half of 2025, with significant declines in revenue [42] - Xiangcai Co. anticipates a net profit increase of 63.64%-118.19% for the first half of 2025, estimating profits between 12 million to 16 million yuan [43] Group 15 - Longi Green Energy expects a net loss of 2.4 billion to 2.8 billion yuan for the first half of 2025, despite an increase in sales volume [44] - Wentai Technology anticipates a net profit increase of 178%-317% for the first half of 2025, estimating profits between 390 million to 585 million yuan [45] - Ruida Futures expects a net profit increase of 50.56%-83.15% for the first half of 2025, estimating profits between 206 million to 251 million yuan [46] Group 16 - Debang Co. anticipates a net profit decrease of 84.26%-87.86% for the first half of 2025, estimating profits between 40 million to 52 million yuan [47] - Jin Yi Culture expects a net loss of 20 million to 32 million yuan for the first half of 2025, a significant decline from the previous year [48] - Hongdian Film expects a net profit increase of 103.55%-160.09% for the first half of 2025, estimating profits between 180 million to 230 million yuan [49] Group 17 - Qiaqia Food anticipates a net profit decrease of 71.05%-76.25% for the first half of 2025, estimating profits between 80 million to 97.5 million yuan [50] - Guotai Haitong expects a net profit increase of 205%-218% for the first half of 2025, estimating profits between 15.283 billion to 15.957 billion yuan [51] - Xining Special Steel expects a net loss of approximately 234 million yuan for the first half of 2025, with revenue impacted by low steel prices [52]

证券代码：601901 证券简称： 方正证券 公告编号：2025-025 方正证券股份有限公司 2025 年半年度业绩预增公告 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。 本期业绩预告的适用情形：实现盈利，且净利润与上年同期相比上升 50%以上。 公司预计 2025 年半年度实现归属于母公司所有者的净利润 229,609 万 元到 243,202 万元，同比增长 70%到 80%；预计归属于母公司所有者的扣除非经 常性损益的净利润 229,892 万元到 243,029 万元，同比增长 75%到 85%。 一、本期业绩预告情况 （一）业绩预告期间 2025 年 1 月 1 日至 2025 年 6 月 30 日 （二）业绩预告情况 1、经财务部门初步测算，预计 2025 年半年度实现归属于母公司所有者的净 利润 229,609 万元到 243,202 万元，与上年同期相比将增加 94,498 万元到 108,091 万元，同比增长 70%到 80%。 2、经财务部门初步测算，预计 2025 年半年度实现归属于母公司所有者的扣 ...

为了更好地满足广大投资者的理财需求，根据融通基金管理有限公司（以下简称"融通基金"）与方正证 券股份有限公司（以下简称"方正证券"）签署的销售协议，从2025年7月14日起，融通基金旗下融通通 鑫灵活配置混合型证券投资基金新增方正证券为销售机构，并开通定期定额投资业务、转换业务，以及 参加前端申购费率优惠活动。现将有关事项公告如下： 4.上述适用基金的原相关费率参见基金的相关法律文件及本公司发布的最新相关公告。 一、适用基金及业务范围 ■ 二、费率优惠内容 1.自本公告日起，投资者通过上述销售机构申购（含定期定额申购，如有）上述基金，其申购费率享有 优惠，基金具体折扣费率以上述销售机构活动公告为准。若申购费率是固定费用的，则按固定费用执 行，不再享有费率折扣。 2.申购费率优惠活动仅适用于处于正常申购期的基金产品的前端收费模式的申购手续费，不包括基金的 后端收费模式的申购手续费和处于基金募集期的基金认购费及基金其他业务的基金手续费。 3.费率优惠活动的具体结束日期以上述销售机构公告为准，本公司不再另行公告。 三、其他提示 1.投资者仅能申请办理相同收费模式下基金代码的转换，即"前端收费转前端收费、后端收费转后 ...

证券经纪人这一角色正在慢慢淡出证券业。 记者了解到，业内不少券商计划取消证券经纪人这一角色，并将把经纪业务团队在未来全部转 为客户经理团队或者投顾，已有头部券商如此践行。 一方面，券商通过业务架构调整、数字化赋能、金融产品创新等多种途径向买方投顾转型，持 续推进财富管理转型之下，"全员投顾"的理念愈发深入。另一方面，近年来与证券经纪人有关 的罚单已不在少数，监管对券商合规管理已格外趋严，取消证券经纪人岗位，可以有效降低公 司的合规风险。 "以前高峰的时候，我们团队有10多个经纪人，现在只剩下3个人了，有一些人年纪大退休 了，还有一些人觉得不好做，就转岗做其他业务了。"华南一家中型券商营业部人士如此向财 联社记者描述。 这感受并非个例。数据显示，2018年初，证券业拥有9.05万证券经纪人，到了2024年底，这 一数量已减至2.88万人，七年间减少了超六万人。步入2025年，降低的趋势依然明显，最新 证券经纪人数量仅有2.5万人。 根据中证协官网以及东方财富Choice，在具有统计价值的91家券商中，目前仅有刚刚完成合 并的国泰海通证券以及具有庞大分支机构的方正证券两家券商，还拥有超过千名的证券经纪 人。 图为 ...

Group 1 - The core point of the news is the resignation of Xu Zibing, Vice President of Founder Securities, due to retirement, which is part of a series of recent executive changes within the company [1][5]. - Xu Zibing's resignation is effective immediately upon submission to the board, and the company expressed gratitude for his contributions during his tenure [1]. - This resignation marks the third executive departure in two months, following the resignations of Yuan Yuping and He Yagang due to personal reasons and retirement, respectively [5]. Group 2 - In 2024, Founder Securities reported an operating income of 7.718 billion yuan and a net profit attributable to shareholders of 2.207 billion yuan, reflecting a year-on-year growth of 2.55% [5]. - As of the end of 2024, the total assets of the group reached 255.628 billion yuan, a year-on-year increase of 14.92%, while net assets grew by 6.26% to 48.978 billion yuan [5]. - The Q1 2025 report indicated an operating income of 2.964 billion yuan, a year-on-year increase of 49.35%, and a net profit attributable to the parent company of 1.195 billion yuan, up 52.37% year-on-year [5].

| ੜੇ ਜ | 指标 | | --- | --- | | 管理规模 | 营 收入 | | | 资产总计 | | 经营状况 | 营收增长率 | | | 归母净利润增长率 | | | 总资产净利率ROA | | | 净资产收益率ROE | | | 总资产增长率 | | | 净资产增长率 | | 风险管控 | 容本和杆率 | | | 流动性覆盖率 | | | 净稳定资金率 | | | 风险覆盖率 | | | 经纪 务利润率 | | | △基金分仓成交额占比 | | | 估算佣金率 | | | 投行业务利润率 | | 业务表现 | △股权承销市场份额 | | | 散合率 | | | 自营业务收益率 | | | 资管 务利润率 | | | 区间诉讼次数 | | | 区间违规处罚次数 | | 员工回报 | 高管薪酬偏离中位数程度 | | | △员工人数 | | | △薪酬水平 | | 三方评级 | 监管评级 | | | 综合评级 | | | 评级机构家数 | 本届"上市券商领军人物领导力TOP榜"以50家上市券商为参评对象，根据2024年度营收规模进行排序，将 参评券商划分为综合性券商（1-10名）、行业特色发展券商（ ...