Market Overview - The diversified financial sector experienced a decline of 1.73% on January 13, with Ailian Development leading the drop [1] - The Shanghai Composite Index closed at 4138.76, down 0.64%, while the Shenzhen Component Index closed at 14169.4, down 1.37% [1] Stock Performance - Notable gainers in the diversified financial sector included: - *ST Nengmao: Closed at 8.72, up 4.93% with a trading volume of 73,800 shares and a turnover of 63.17 million yuan [1] - Jianyuan Trust: Closed at 3.05, up 4.45% with a trading volume of 2.8035 million shares and a turnover of 871 million yuan [1] - *ST Rendo: Closed at 8.87, up 2.78% with a trading volume of 313,500 shares and a turnover of 281 million yuan [1] - Conversely, significant decliners included: - Yelian Youzhan: Closed at 5.65, down 10.03% with a trading volume of 371,400 shares and a turnover of 217 million yuan [2] - Lakala: Closed at 26.73, down 6.54% with a trading volume of 903,500 shares and a turnover of 2.471 billion yuan [2] - Ruida Futures: Closed at 25.41, down 5.82% with a trading volume of 178,900 shares and a turnover of 466 million yuan [2] Capital Flow - The diversified financial sector saw a net outflow of 1.042 billion yuan from institutional investors, while retail investors contributed a net inflow of 833 million yuan [2] - Key stocks in terms of capital flow included: - Jianyuan Trust: Experienced a net inflow of 139 million yuan from institutional investors, but a net outflow of 91 million yuan from retail investors [3] - Wukuang Capital: Had a net inflow of 20.94 million yuan from institutional investors, with a net outflow of 36.21 million yuan from retail investors [3] - Sichuan Shuangma: Recorded a net inflow of 10.96 million yuan from institutional investors, but a net outflow of 28.99 million yuan from retail investors [3]

陕国投A（000563）发布的2025年度业绩快报显示，2025年，实现营业总收入29.28亿元，同比增长 0.03%；营业利润达19.19亿元，同比增长4.53%；利润总额为19.17亿元，同比增长4.98%；净利润14.39 亿元，同比增长5.70%；扣除非经常性损益后的归属于上市公司股东的净利润14.35亿元，同比增长 15.27%；基本每股收益0.2813元，同比增长5.71%。 从资产规模来看，报告期末陕国投A总资产为297.5亿元，较期初增长16.89%；归属于上市公司股东的 净资产为191.66亿元，较期初增长7.15%；归属于上市公司股东的每股净资产为3.75元，较期初增长 7.14%。 日前，两家信托公司近日率先发布了2025年度业绩情况，引发行业关注。 与此同时，上海信托也通过官微发布了公司2025年度业绩情况。数据显示，上海信托2025年全年实现营 业收入23.99亿元，同比增长30%；实现净利润7.63亿元，同比增长14%。值得一提的是，其信托资产管 理规模近1.4万亿元，实现历史性突破，较2025年初增长50%。不过，据了解，相关数据为母公司口 径，未经审计。 ...

Core Viewpoint - Chang'an Bank, a city commercial bank in Shaanxi Province, is set to raise up to 10 billion yuan through a private placement of no more than 2.611 billion shares at a price of 3.83 yuan per share, with all investors being local state-owned enterprises [2][4][5]. Group 1: Capital Increase Details - The private placement aims to address the capital adequacy pressure faced by Chang'an Bank due to its business expansion [2][9]. - The total number of shares after the issuance will not exceed 10.188 billion, with the top ten shareholders holding 81.84% of the shares [4]. - Shaanxi Guotou A will participate with up to 800 million yuan, acquiring no more than 209 million shares, increasing its stake to 6.23% post-issuance [5][6]. Group 2: Financial Performance and Capital Adequacy - As of September 2025, Chang'an Bank's total assets reached 578.496 billion yuan, maintaining its leading position among city commercial banks in the western region [8]. - The bank's net profit for the first three quarters of 2025 was 1.882 billion yuan, a year-on-year increase of 6.11%, while its non-interest income showed a significant decline [8]. - The bank's capital adequacy ratios have declined, with the capital adequacy ratio, tier 1 capital ratio, and core tier 1 capital ratio at 11.66%, 9.62%, and 8.23% respectively, nearing regulatory minimums [9]. Group 3: Shareholding Structure and Control - The actual controller of Chang'an Bank remains the Shaanxi Provincial People's Government, with no single shareholder exceeding a 20% stake [4][6]. - Major shareholders include Shaanxi Yanchang Petroleum Group and Shaanxi Coal and Chemical Industry Group, both controlled by the Shaanxi State-owned Assets Supervision and Administration Commission [5][6]. Group 4: Historical Context and Future Outlook - Chang'an Bank was established in July 2009 through the merger of five city commercial banks and credit cooperatives in Shaanxi Province [7]. - Despite plans to support the bank's listing as outlined in the 2021 "14th Five-Year Plan for High-Quality Development of the Financial Industry in Shaanxi Province," no significant progress has been made in this regard over the past four years [9].

Key Points - Major asset restructuring plans are underway for several companies, including JiaoYun Co. and Dongzhu Ecology, with significant risks of termination noted for Dongzhu Ecology's restructuring efforts [11][12] - ST KeliDa is set to resume trading on January 12, 2026, following a proposed change in its actual controller [5] - NineLink Technology has terminated its major asset restructuring plans due to disagreements on core transaction terms [6] - Companies like Huazhou Laojiao and others have announced substantial profit distributions and performance forecasts, indicating positive growth trends [8][9][10] Focus Area 1: Asset Restructuring - JiaoYun Co. is planning a major asset swap involving its automotive sales and service segments with assets from its controlling shareholder [11] - Dongzhu Ecology is attempting to acquire control of Kai Rui Xing Tong Information Technology but faces significant termination risks due to valuation disagreements [12] - NineLink Technology has decided to halt its plans to acquire a 51% stake in Chengdu Neng Tong Technology after failing to reach consensus on key transaction details [6] Focus Area 2: Trading Resumption and Risk Warnings - ST KeliDa will resume trading on January 12, 2026, after a proposed change in its actual controller [5] - China First Heavy Industries and Oriental Pearl have issued risk warning announcements regarding their stock trading, highlighting the volatility and lack of revenue from certain projects [3][4] Focus Area 3: Performance Forecasts - Huazhou Laojiao expects a net profit of between 235 million to 271 million yuan for 2025, a significant recovery from a loss in the previous year [8] - China Shipbuilding Defense anticipates a net profit increase of 149.61% to 196.88% for 2025, driven by improved production efficiency and revenue from joint ventures [9] - Daotong Technology projects a net profit of 900 million to 930 million yuan for 2025, reflecting a growth of 40.42% to 45.10% [10]

登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：000563 证券简称：陕国投A编号：2026-02 注：上述数据以公司合并报表数据填列。 二、经营业绩和财务状况情况说明 2025年度实现营业总收入 292,837.36万元，同比增长0.03%；实现营业利润191,890.91万元，同比增长 4.53%；实现利润总额 191,670.38万元，同比增长4.98%；实现净利润143,864.19万元，同比增长5.70%； 扣除非经常性损益后的归属于上市公司股东的净利润143,548.53万元，同比增长15.27%；基本每股收益 0.2813元，同比增长5.71%。公司积极落实为实体经济让利的相关政策，主动降低融资成本，营业收入 总体保持平稳；净利润增长的主要原因是固有业务投资成效进一步显现，风险防控成效良好，整体运行 平稳。 报告期末，公司总资产2,974,971.90万元，较期初增长16.89%；归属于上市公司股东的净资产 1,916,583.31万元，较期初增长7.15%；归属于上市公司股东的每股净资产为3.75元，较期初增长 7.14%。 三、与前次业绩预计的差异说明 本次业绩快报披露前，公司 ...

（原标题：信托首家，业绩来了！） 【导读】陕国投披露业绩快报 中国基金报记者 江右 信托行业2025年首家业绩披露，A股上市的陕国投A率先发布。 陕国投业绩快报显示，2025年营业收入为29.28亿元，同比增长0.03%，略微保持了正增长；归母净利润 为14.39亿元，同比增长5.7%。 为实体经济让利，营收仅微增长 1月9日晚间，陕国投率先发布2025年业绩快报。2025年营业收入为29.28亿元，同比增长0.03%；归母净 利润为14.39亿元，同比增长5.7%。2025年的加权平均净资产收益率为7.82%，相比2024年增加0.05个百 分点。 相比而言，2025年前三季度，陕国投的营业收入为21.61亿元，同比增长7.18%。这意味着，陕国投2025 年四季度营收同比有所下降。 对于2025年的业绩表现，陕国投表示，公司积极落实为实体经济让利的相关政策，主动降低融资成本， 营业收入总体保持平稳；净利润增长的主要原因是固有业务投资成效进一步显现，风险防控成效良好， 整体运行平稳。 陕国投表示，2025年末，公司总资产达297.5亿元，较期初增长16.89%；归属于上市公司股东的净资产 为191.66亿元 ...

Core Viewpoint - Shaanxi Guotou (陕国投) has released its performance report for 2025, showing slight growth in revenue and a more significant increase in net profit, indicating a stable operational performance while implementing policies to benefit the real economy [1][2][4]. Financial Performance - The total operating revenue for 2025 is 2.928 billion yuan, reflecting a year-on-year growth of 0.03% [2][3]. - The net profit attributable to shareholders is 1.439 billion yuan, with a year-on-year increase of 5.7% [2][3]. - The weighted average return on net assets for 2025 is 7.82%, up by 0.05 percentage points from 2024 [2][3]. Revenue and Profit Breakdown - Operating profit for 2025 is 1.919 billion yuan, showing a growth of 4.53% compared to 2024 [3]. - Total profit for 2025 is 1.917 billion yuan, which is a 4.98% increase from the previous year [3]. - Basic earnings per share for 2025 is 0.2813 yuan, up by 5.71% from 2024 [3]. Asset and Equity Growth - By the end of 2025, total assets reached 29.75 billion yuan, an increase of 16.89% from the beginning of the year [4]. - The net assets attributable to shareholders are 19.166 billion yuan, reflecting a growth of 7.15% [4]. - The net asset per share is 3.75 yuan, which is a 7.14% increase from the start of the year [4]. Strategic Initiatives - The company is actively implementing policies to reduce financing costs and benefit the real economy, which has contributed to stable revenue [4]. - Shaanxi Guotou is planning a private placement to raise up to 3.8 billion yuan to strengthen its capital base, which has been approved by relevant authorities [5][6]. - The raised funds will be used entirely to supplement the company's capital, enhancing its risk resilience and competitive strength [6].

Core Viewpoint - Shaanxi Guotou (陕国投) has released its performance report for 2025, showing slight growth in revenue and a more significant increase in net profit, reflecting the company's efforts to support the real economy while maintaining stable operations [2][4]. Financial Performance - The total operating revenue for 2025 is 2.928 billion yuan, a year-on-year increase of 0.03% [3]. - The net profit attributable to shareholders is 1.439 billion yuan, representing a year-on-year growth of 5.7% [3]. - The weighted average return on net assets for 2025 is 7.82%, an increase of 0.05 percentage points compared to 2024 [3]. Asset and Equity Growth - As of December 31, 2025, the total assets of the company reached 29.75 billion yuan, an increase of 16.89% from the beginning of the year [4]. - The net assets attributable to shareholders increased to 19.166 billion yuan, up 7.15% from the beginning of the year [4]. - The net asset per share is 3.75 yuan, reflecting a growth of 7.14% [4]. Capital Raising Plans - The company plans to raise up to 3.8 billion yuan through a private placement to strengthen its capital base [5]. - The fundraising plan has been approved by the company's board and shareholders, and is pending approval from the Shenzhen Stock Exchange and the China Securities Regulatory Commission [5]. - The raised funds will be used entirely to supplement the company's capital, enhancing its risk resistance and competitive strength [5]. Comparison with Industry Peers - As of the end of 2024, Shaanxi Guotou ranks between 10th and 15th in terms of net assets and management scale among publicly listed trust companies in China [5]. - The net capital as of September 2025 is 13.771 billion yuan, and the planned fundraising will significantly enhance the company's capital strength [6].

【导读】陕国投披露业绩快报 中国基金报记者 江右 信托行业 2025 年首家业绩披露， A 股上市的陕国投 A 率先发布。 陕国投业绩快报显示， 2025 年营业收入为 29.28 亿元，同比增长 0.03% ，略微保持了正 增长；归母净利润为 14.39 亿元，同比增长 5.7% 。 为实体经济让利，营收仅微增长 1 月 9 日晚间，陕国投率先发布 2025 年业绩快报。 2025 年营业收入为 29.28 亿元，同 比增长 0.03% ；归母净利润为 14.39 亿元，同比增长 5.7% 。 2025 年的加权平均净资产 收益率为 7.82% ，相比 2024 年增加 0.05 个百分点。 相比而言， 2025 年前三季度，陕国投的营业收入为 21.61 亿元，同比增长 7.18% 。这意 味着，陕国投 2025 年四季度营收同比有所下降。 对于 2025 年的业绩表现，陕国投表示，公司积极落实为实体经济让利的相关政策，主动降 低融资成本，营业收入总体保持平稳；净利润增长的主要原因是固有业务投资成效进一步显 现，风险防控成效良好，整体运行平稳。 陕国投表示， 2025 年末，公司总资产达 297.5 亿元 ...

（文章来源：证券日报） 证券日报网讯 1月9日，陕国投A发布公告称，公司2025年度实现营业总收入292，837.36万元，同比增 长0.03%；归属于上市公司股东的净利润143，864.19万元，同比增长5.70%。 ...