Core Viewpoint - Multiple listed securities firms are expected to report positive performance for 2025, with significant year-on-year profit growth anticipated across the sector [1][2]. Group 1: Performance Forecasts - Several securities firms, including China Merchants Securities, Shenwan Hongyuan Securities, Dongfang Securities, and Hongta Securities, have released performance forecasts indicating net profit growth of 18.43%, 74.64%-93.83%, 67.8%, and 59.05% respectively for 2025 [1][3]. - Citic Securities, a leading firm, reported a projected revenue of 748.3 billion yuan and a net profit of 300.51 billion yuan for 2025, reflecting year-on-year increases of 28.75% and 38.46% respectively [5][7]. - Dongfang Securities anticipates a revenue of 153.4 billion yuan, up 26.0%, and a net profit of 56.2 billion yuan, up 67.8% [4][7]. Group 2: Market Dynamics - The A-share market is expected to continue its upward trend, with daily trading volume increasing significantly, reaching an average of 19.8 trillion yuan, a 67% year-on-year increase [8]. - The balance of margin financing and securities lending is projected to reach 2.5 trillion yuan by the end of 2025, marking a 36% increase [8]. - Analysts attribute the strong performance of securities firms to three main factors: a stable macroeconomic environment, increased market activity, and strategic upgrades within firms [8][9]. Group 3: Analyst Predictions - Analysts predict that the overall net profit of listed securities firms will grow by over 50% in 2025, driven by robust trading activity and improved brokerage income [9][10]. - Financial Street Securities forecasts a 53.24% year-on-year increase in daily trading volume, with brokerage income expected to rise by over 40% [9]. - According to analysts, the growth in net profit is primarily driven by brokerage and investment business performance [10].

每经记者｜陈晨 每经编辑｜彭水萍 2026年开年伊始，A股市场持续活跃，不仅点燃了投资者的热情，也让身处资本市场核心的证券公司面临资金考验。1月26日晚间，东北证券与西部证券分 别获批100亿元和180亿元的公司债注册申请，正式加入券商这场开年"补血"大军。此外，Wind数据显示，仅在1月1日至26日不足一个月的时间里，券商发 债规模已高达2480.2亿元，较去年同期增长了近230%。 记者进一步梳理发现，2026年开年以来，券商融资节奏明显加快。除了上述两家券商外，首创证券、东方财富、长江证券、申万宏源和广发证券等机构的债 券注册申请也先后获批。其中，头部券商的融资规模尤为引人注目：1月13日，申万宏源证券获批发行不超过600亿元公司债；1月22日，广发证券更是拿到 了不超过700亿元的巨额批文。 | 序号 | 类别 7 | 发行只数 T | 只数比重(%)了 | 发行额( | | --- | --- | --- | --- | --- | | 1 | 证券公司债 | 65 | 2.06 | | | 2 | 证券公司短期融资券 | 27 | 0.86 | | | 总和 | | 92 | 2.92 | 2 | ...

中国经济网北京1月27日讯 盈建科(300935.SZ)近日披露2025年度业绩预告。公司预计2025年归属于上 市公司股东的净利润为-8,500.00万元至-7,000.00万元；预计扣除非经常性损益后的净利润为-9,500.00万元 至-8,000.00万元。 | 项目 | | 本报告期 | | 上年同期 | | --- | --- | --- | --- | --- | | 归属于上市公司股东的净利润 | -8.500.00 | | -7.000.00 | -5.078.03 | | 扣除非经常性损益后的净利润 | -9,500.00 | | -8,000.00 | -6.249.51 | 盈建科首次公开发行股票的发行费用为6748.04万元，其中，承销保荐费4724.32万元。 2022年至2024年，盈建科的营业收入分别为1.67亿元、1.63亿元、1.34亿元；归属于上市公司股东的净 利润分别为-2794.19万元、-4018.93万元、-5078.03万元；归属于上市公司股东的扣除非经常性损益的净利 润分别为-4458.91万元、-5362.66万元、-6249.51万元。 盈建科2022年5月 ...

登录新浪财经APP 搜索【信披】查看更多考评等级 炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ 证券代码：000686 证券简称：东北证券 公告编号：2026-003 东北证券股份有限公司 二〇二六年一月二十七日 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误导性陈述或重大遗 漏。 2026年1月26日，东北证券股份有限公司（以下简称"公司"）收到中国证券监督管理委员会（以下简 称"中国证监会"）《关于同意东北证券股份有限公司向专业投资者公开发行公司债券注册的批复》（证 监许可[2026]121号）。 根据上述批复，中国证监会同意公司向专业投资者公开发行面值总额不超过100亿元公司债券的注册申 请。上述批复自同意注册之日起24个月内有效，公司在注册有效期内可以分期发行公司债券。 公司将严格按照有关法律法规、上述批复文件的要求和公司股东会的授权，办理向专业投资者公开发行 公司债券的相关事宜，并及时履行信息披露义务。 特此公告。 东北证券股份有限公司董事会 关于向专业投资者公开发行公司债券 获得中国证监会注册批复的公告 ...

2026年1月26日，东北证券收到中国证监会《关于同意东北证券股份有限公司向专业投资者公开发行公 司债券注册的批复》（证监许可[2026]121号）。中国证监会同意公司向专业投资者公开发行面值总额 不超过100亿元公司债券的注册申请。批复自同意注册之日起24个月内有效，公司可在注册有效期内分 期发行公司债券。公司将按要求办理发行事宜并履行信息披露义务。 以上内容为证券之星据公开信息整理，由AI算法生成（网信算备310104345710301240019号），不构成 投资建议。 截至2026年1月26日收盘，东北证券(000686)报收于9.24元，上涨0.11%，换手率2.63%，成交量61.59万 手，成交额5.7亿元。 公司公告汇总关于向专业投资者公开发行公司债券获得中国证监会注册批复的公告 当日关注点 交易信息汇总资金流向 1月26日主力资金净流入6209.41万元；游资资金净流入378.71万元；散户资金净流出6588.11万元。 来自交易信息汇总：1月26日主力资金净流入6209.41万元，显示主力对公司的积极布局。 来自公司公告汇总：东北证券获证监会批复，同意其向专业投资者公开发行不超过100亿元 ...

Group 1 - The public fund market has seen rapid growth, with total net asset value reaching 37.49 trillion yuan as of January 26, 2025, a 14.03% increase compared to the same period in 2024 [2] - Five brokerage asset management companies have surpassed 100 billion yuan in public fund management scale by the end of 2025, with Dongfanghong Asset Management leading at 216.27 billion yuan, a 30.05% increase from 2024 [2] - Several smaller brokerage asset management firms have shown significant growth, with Changjiang Asset Management and Shanzheng Asset Management increasing their management scales by 47.39% and 49.04%, respectively [2][3] Group 2 - Different institutions have distinct product structures, with non-monetary market funds dominating the management products of Dongfanghong Asset Management, Zhongyin Securities, and Caitong Asset Management, while Huatai Securities has over 85% of its products in monetary market funds [3] - Brokerages are actively exploring differentiated development paths in the public fund sector, with some increasing their stakes in public fund companies to enhance control and improve business synergy [4] - Companies are focusing on expanding their product lines and enhancing their capabilities in active equity products, with a particular emphasis on technology themes and the STAR Market [4][5]

最新公告列表 《关于向专业投资者公开发行公司债券获得中国证监会注册批复的公告》 截至2026年1月26日收盘，东北证券（000686）报收于9.24元，较前一交易日上涨0.11%，最新总市值为 216.26亿元。该股当日开盘9.23元，最高9.34元，最低9.19元，成交额达5.7亿元，换手率为2.63%。 近日，东北证券披露《关于向专业投资者公开发行公司债券获得中国证监会注册批复的公告》。公告显 示，2026年1月26日，公司收到中国证监会《关于同意东北证券股份有限公司向专业投资者公开发行公 司债券注册的批复》（证监许可[2026]121号）。中国证监会同意公司向专业投资者公开发行面值总额 不超过100亿元公司债券的注册申请。批复自同意注册之日起24个月内有效，公司可在注册有效期内分 期发行公司债券。公司将按要求办理发行事宜并履行信息披露义务。 以上内容为证券之星据公开信息整理，由AI算法生成（网信算备310104345710301240019号），不构成 投资建议。 ...

Investment Rating - The report maintains a "Positive" investment rating for the non-bank financial sector [7] Core Insights - The non-bank sector has shown weak overall performance this week, but some companies have disclosed high profit growth forecasts for 2025. The China Securities Regulatory Commission (CSRC) has issued guidelines to promote the return to fundamentals in the public offering securities investment fund industry, which is expected to drive long-term stable development [2][4] - The market trading volume has decreased, yet remains at historically high levels. The report suggests monitoring the sector's future performance [4] - In the insurance sector, the third-quarter reports have confirmed the logic of deposit migration, increased equity allocation, and improved new policy costs. The certainty of ROE improvement has increased, and valuations are expected to accelerate recovery [4] - The report highlights the increasing cost-effectiveness of overall allocations and ongoing revaluation in the sector [4] Summary by Sections Non-Bank Sector Performance - The non-bank financial index decreased by 1.5% this week, with an underperformance of 0.8% relative to the CSI 300, ranking 29th out of 31 sectors [5] - Year-to-date, the non-bank financial index has decreased by 1.6%, underperforming the CSI 300 by 3.1% [5] Market Overview - The average daily trading volume in the two markets was 27,988.78 billion yuan, down 19.23% week-on-week, with a daily turnover rate of 2.68%, down 68.47 basis points [5] - The leverage capital scale has rebounded, with a margin balance of 2.72 trillion yuan, up 0.23% [5] Insurance Sector Insights - The cumulative insurance premium income for November 2025 reached 57,629 billion yuan, a year-on-year increase of 7.56% [23] - Life insurance income was 41,472 billion yuan, up 9.06% year-on-year, while property insurance income was 16,157 billion yuan, up 3.88% [24] Company Recommendations - The report recommends companies with stable profit growth and dividend rates, including Jiangsu Jinzu, China Ping An, and China Pacific Insurance, due to their strong business models and market positions [4] - Additional recommendations include New China Life, China Life, Hong Kong Exchanges and Clearing, CITIC Securities, Dongfang Caifu, Tonghuashun, and Jiufang Zhitu Holdings based on performance elasticity and valuation levels [4]

北京商报讯(记者李海媛)1月26日，东北证券发布公告称，收到中国证监会批复，中国证监会同意公司向专业投资者公开发行面值总额不超过 100亿元公司债券的注册申请。上述批复自同意注册之日起24个月内有效，东北证券在注册有效期内可以分期发行公司债券。 ...

证券代码：000686 证券简称：东北证券 公告编号：2026-003 东北证券股份有限公司 2026年1月26日，东北证券股份有限公司（以下简称"公司"）收到中国证 券监督管理委员会（以下简称"中国证监会"）《关于同意东北证券股份有限公 司向专业投资者公开发行公司债券注册的批复》（证监许可[2026]121号）。 根据上述批复，中国证监会同意公司向专业投资者公开发行面值总额不超过 100亿元公司债券的注册申请。上述批复自同意注册之日起24个月内有效，公司 在注册有效期内可以分期发行公司债券。 公司将严格按照有关法律法规、上述批复文件的要求和公司股东会的授权， 办理向专业投资者公开发行公司债券的相关事宜，并及时履行信息披露义务。 特此公告。 东北证券股份有限公司董事会 二〇二六年一月二十七日 关于向专业投资者公开发行公司债券 获得中国证监会注册批复的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 ...