[Key Financial Data and Indicators](index=1&type=section&id=Item%20I.%20Key%20Financial%20Data%20and%20Indicators%20for%20H1%202025) This section presents the company's core financial data for the first half of 2025, showing stable growth in operating profit and net profit attributable to shareholders despite a slight decrease in total operating revenue, alongside an expansion in total assets and shareholder equity Key Financial Data and Indicators for H1 2025 (Unit: Billion Yuan) | Item | Current Period | Prior Period/Beginning of Period | Change (%) | | :--- | :--- | :--- | :--- | | **Income Statement Items** | **(H1 2025)** | **(Prior Period)** | **(YoY)** | | Total Operating Revenue | 1.3668 | 1.4083 | -2.95% | | Operating Profit | 0.9687 | 0.9155 | 5.81% | | Total Profit | 0.9676 | 0.9146 | 5.80% | | Net Profit Attributable to Shareholders of Listed Company | 0.7256 | 0.6862 | 5.74% | | Net Profit Attributable to Shareholders (Excluding Non-recurring Items) | 0.7235 | 0.6755 | 7.10% | | Basic Earnings Per Share (Yuan) | 0.1419 | 0.1342 | 5.74% | | Weighted Average Return on Net Assets | 3.99% | 3.95% | Increased by 0.04 percentage points | | **Balance Sheet Items** | **(End of Current Period)** | **(Beginning of Current Period)** | **(vs. Beginning of Period)** | | Total Assets | 26.7898 | 25.4515 | 5.26% | | Shareholders' Equity Attributable to Shareholders of Listed Company | 18.3574 | 17.8875 | 2.63% | | Share Capital | 5.1140 | 5.1140 | 0.00% | | Net Assets Per Share Attributable to Shareholders of Listed Company (Yuan) | 3.59 | 3.50 | 2.57% | [Explanation of Operating Performance and Financial Position](index=2&type=section&id=Item%20II.%20Explanation%20of%20Operating%20Performance%20and%20Financial%20Position) During the reporting period, the company achieved profit growth despite a slight revenue decrease, attributed to proactive business transformation, optimized structure, and effective risk control, alongside stable growth in total assets and net assets - The company attributes net profit growth to: - Strengthening main business transformation and innovation[7](index=7&type=chunk) - Adjusting business structure to enhance quality and efficiency[7](index=7&type=chunk) - Effectively controlling risks to ensure stable operations[7](index=7&type=chunk) Performance and Asset Changes During the Reporting Period | Indicator | YoY/vs. Beginning of Period Growth Rate | | :--- | :--- | | Total Operating Revenue | -2.95% | | Operating Profit | 5.81% | | Net Profit Attributable to Shareholders | 5.74% | | Net Profit Attributable to Shareholders (Excluding Non-recurring Items) | 7.10% | | Total Assets | 5.26% | | Net Assets Attributable to Shareholders | 2.63% | [Explanation of Differences from Previous Performance Forecast](index=2&type=section&id=Item%20III.%20Explanation%20of%20Differences%20from%20Previous%20Performance%20Forecast) Prior to the disclosure of this performance express report, the company had not issued any operating performance forecasts for the first half of 2025 - Prior to the disclosure of this performance express report, the company did not provide any performance forecasts for the first half of 2025[8](index=8&type=chunk) [Documents for Reference](index=2&type=section&id=Item%20IV.%20Documents%20for%20Reference) This section lists the documents available for reference for this performance express report, primarily including financial statements signed and sealed by company management and other documents required by the Shenzhen Stock Exchange - Documents for reference include: 1. Comparative balance sheet and income statement signed and sealed by the company's legal representative, head of accounting, chief accountant, and head of accounting department[9](index=9&type=chunk) 2. Other documents required by the Shenzhen Stock Exchange[9](index=9&type=chunk)

Group 1 - The core viewpoint of the news is the successful issuance of the first "dual-label" intellectual property asset-backed securities (ABS) in the central and western regions of China, which is significant for innovation and demonstration [1] - The issuance scale of the Huake Chuanghe ABS Phase 1 is 100 million yuan, with a coupon rate of 2.79%, backed by intellectual property from eight high-tech enterprises [1] - Shaanxi Guotou A has actively participated in this project by establishing an intellectual property asset service trust, which opens a new path for financial support to technology innovation enterprises [1] Group 2 - Shaanxi Guotou A has previously engaged in the exploration of intellectual property ABS to help technology innovation enterprises broaden financing channels and enhance their innovation capabilities [2] - The company's 2024 annual report outlines a clear operational plan for 2025, focusing on innovative products like intellectual property service trusts to form a differentiated product system [2] - The company aims to leverage its trust advantages to continuously improve the intellectual property financial service system and support technology innovation and transformation of technological achievements [2]

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]

股东方面，截至2025年7月10日，陕国投A股东户数114145户，较上次增加4296户，户均持股市值35.28 万元，户均持股数量2.76万股。 7月14日，陕国投A今日收盘3.74元，下跌3.11%，滚动市盈率PE（当前股价与前四季度每股收益总和的 比值）达到13.86倍，总市值191.26亿元。 最新一期业绩显示，2025年一季报，公司实现营业收入7.06亿元，同比-1.15%；净利润3.87亿元，同比 5.27%。 从行业市盈率排名来看，公司所处的多元金融行业市盈率平均72.41倍，行业中值33.31倍，陕国投A排 名第6位。 陕西省国际信托股份有限公司的主营业务是信托业务、固有业务和投资顾问等中介业务。公司的主要产 品是资产服务信托、资产管理信托、公益慈善信托、自有资金贷款、投资业务、金融顾问服务、资产管 理服务。 来源：金融界 序号股票简称PE(TTM)PE(静)市净率总市值(元)2陕国投A13.8614.051.05191.26亿行业平均 72.4141.271.83233.75亿行业中值33.3125.831.82191.26亿1江苏金租12.2112.461.47366.66亿3越秀资本 1 ...

Group 1 - The A-share financial sector has seen a significant rally, with notable increases in stocks such as Nanhua Futures, which has achieved two consecutive trading limits [1] - Other companies that experienced gains include Yuexiu Capital, China National Petroleum Capital, Hongye Futures, Bohai Leasing, and Shaanxi Guotou A [1]

Group 1 - The closing price of Shaanxi Guotou A on July 9 was 3.71 yuan, with an increase of 2.77%, and the rolling PE ratio reached 13.74 times, marking a new low in 126 days, with a total market value of 18.973 billion yuan [1] - In the multi-financial industry, the average PE ratio is 45.39 times, and the median is 28.78 times, placing Shaanxi Guotou A in 6th position within the industry [1] - As of June 30, 2025, the number of shareholders for Shaanxi Guotou A was 109,849, an increase of 1,142 from the previous count, with an average holding value of 352,800 yuan and an average holding quantity of 27,600 shares [1] Group 2 - Shaanxi International Trust Co., Ltd. primarily engages in trust business, proprietary business, and investment advisory services, with key products including asset service trusts, asset management trusts, public welfare trusts, self-owned fund loans, investment business, financial advisory services, and asset management services [1] - The latest quarterly report for Q1 2025 shows that the company achieved an operating income of 706 million yuan, a year-on-year decrease of 1.15%, while net profit was 387 million yuan, reflecting a year-on-year increase of 5.27% [1]

Company Overview - Shaanxi Guotou A closed at 3.61 yuan, up 1.40%, with a rolling PE ratio of 13.37 times and a total market value of 18.461 billion yuan [1] - The company ranks 6th in the multi-financial industry, which has an average PE ratio of 73.98 times and a median of 27.79 times [1] Shareholding Structure - As of the Q1 2025 report, 8 institutions hold shares in Shaanxi Guotou A, including 6 other institutions, 1 brokerage, and 1 fund, with a total holding of 271,010.42 thousand shares valued at 9.35 billion yuan [1] Business Operations - Shaanxi Guotou A's main business includes trust services, proprietary business, and investment advisory services [1] - Key products offered by the company include asset service trusts, asset management trusts, public welfare trusts, self-owned fund loans, investment business, financial advisory services, and asset management services [1] Financial Performance - For Q1 2025, the company reported an operating income of 706 million yuan, a year-on-year decrease of 1.15%, while net profit was 387 million yuan, reflecting a year-on-year increase of 5.27% [1]

Group 1 - The core viewpoint of the news is that Shaanxi Guotou A's stock price has decreased by 2.17% to 3.6 yuan, with a rolling PE ratio of 13.34 times, while the total market value is 18.41 billion yuan [1] - The average PE ratio for the diversified financial industry is 72.83 times, with a median of 28.94 times, placing Shaanxi Guotou A in 6th position within the industry [1] - On June 26, the net outflow of main funds for Shaanxi Guotou A was 138.45 million yuan, although there was an overall inflow of 35.94 million yuan over the past five days [1] Group 2 - Shaanxi Guotou A's main business includes trust services, proprietary business, and investment advisory services, with key products such as asset service trusts, asset management trusts, and financial advisory services [1] - The latest quarterly report for Q1 2025 shows that the company achieved an operating income of 706 million yuan, a year-on-year decrease of 1.15%, while net profit was 387 million yuan, reflecting a year-on-year increase of 5.27% [1]

Group 1 - The trust concept sector rose by 3.19%, ranking 6th among concept sectors, with 21 stocks increasing, including Aijian Group and Jianyuan Trust hitting the daily limit [1][2] - Leading stocks in the trust concept include Xinhuangpu, Shanguotou A, and Wukuang Capital, which increased by 8.01%, 6.98%, and 6.73% respectively [1][2] - The sector saw a net inflow of 655 million yuan from main funds, with 16 stocks receiving net inflows, and 6 stocks exceeding 50 million yuan in net inflow [2][3] Group 2 - The top net inflow stock was Shanguotou A, with a net inflow of 144 million yuan, followed by Jianyuan Trust, Wukuang Capital, and Aijian Group with net inflows of 134 million yuan, 117 million yuan, and 66.88 million yuan respectively [2][3] - Aijian Group, Jianyuan Trust, and Shanguotou A had the highest net inflow ratios at 40.51%, 16.42%, and 12.52% respectively [3][4] - The trading volume and turnover rates for leading stocks in the trust concept were significant, with Shanguotou A at 6.21% turnover and Jianyuan Trust at 5.13% [3][4]

Group 1 - The core viewpoint of the articles highlights that 陕国投A is currently trading at a PE ratio of 12.63, significantly lower than the industry average of 63.53 and the median of 28.03, indicating potential undervaluation in the multi-financial sector [1][2] - As of June 13, 陕国投A's market capitalization stands at 174.39 billion yuan, with a recent decline in stock price by 1.45% [1][2] - The company has experienced a net outflow of 26.74 million yuan in principal funds on June 13, contributing to a total outflow of 32.55 million yuan over the past five days [1] Group 2 - 陕国投A's main business operations include trust services, proprietary business, and investment advisory services, with key products such as asset service trusts and financial advisory services [1] - The latest quarterly report for Q1 2025 shows that the company achieved an operating income of 706 million yuan, reflecting a year-on-year decrease of 1.15%, while net profit increased by 5.27% to 387 million yuan [1]