Group 1: New Stock Offerings - Medela's new stock offering has a subscription code of 920119, with an issue price of 41.88 yuan per share and a price-to-earnings ratio of 14.99 times, allowing a maximum subscription limit of 720,000 shares per account [2] Group 2: Fiscal Policy and Economic Measures - The Ministry of Finance will continue to implement a more proactive fiscal policy, aiming for increased total spending, improved structure, better efficiency, and stronger momentum, with necessary levels of fiscal deficit, total debt, and spending maintained through 2026 [3] - The Ministry of Finance has optimized the personal consumption loan interest subsidy policy, including credit card installment payments, removing restrictions on certain consumption areas, allowing all consumer loans to enjoy interest subsidies [3] - Starting April 1, 2026, export tax rebates for photovoltaic products will be canceled, and electronic product export tax rebates will be phased out over two years, promoting efficient resource use and guiding rational industrial structure adjustments [3] - Tax and fee preferential policies for community services such as elderly care, childcare, and housekeeping will continue, benefiting institutions providing these services [3] Group 3: Commodity Market Adjustments - The Shanghai Futures Exchange will adjust margin ratios and price fluctuation limits for futures contracts of copper, gold, and other commodities starting January 22, 2026 [4] - Domestic gasoline and diesel prices will increase by 85 yuan per ton due to rising international oil prices, marking the first price hike in 2026, with an average increase of 0.07 yuan per liter for 92 and 95 gasoline and 0 diesel [4] - Shanghai has released an action plan to enhance the linkage between spot and futures markets for non-ferrous metals, aiming to expand the international influence of "Shanghai prices" [4] Group 4: Company Earnings Forecasts - Huicheng Environmental Protection plans to increase its shareholding by 25 million to 50 million yuan [7] - JianTou Energy expects a net profit increase of approximately 253.38% year-on-year for 2025 [7] - Hikvision's performance report indicates a year-on-year growth of 18.46% in net profit attributable to shareholders for 2025 [7] - Longzi Co. anticipates a net profit increase of 245.25% to 302.8% year-on-year for 2025 [7] - Zhaoyan New Drug expects a net profit increase of 214% to 371% year-on-year for 2025 [8] - Huachen Equipment forecasts a net profit increase of 193.64% to 242.04% year-on-year for 2025 [8] - Qianyuan Power anticipates a net profit increase of 160% to 190% year-on-year for 2025 [8] - Jin Fang Energy expects a net profit increase of 123.97% to 193.7% year-on-year for 2025 [8] - Other companies such as Zhongfu Industrial, Batian Co., and Dongwei Technology also project significant year-on-year profit increases for 2025, ranging from 50% to over 300% [8][9]

Group 1 - Liou Co., Ltd. announced that its stock price fluctuations have been investigated, confirming normal operations and no undisclosed significant information [1] - Tongfu Microelectronics expects a net profit of 1.1 billion to 1.35 billion yuan for 2025, representing a year-on-year growth of 62.34% to 99.24% [17][18] Group 2 - Zhongtung High-tech reported an increase of 91,700 tons in tungsten metal resources, which will not directly impact its current operations or financial situation [2] - Aibo Medical plans to acquire at least 51% of Demai Medical to gain control, aiming to cultivate new profit growth points in the sports medicine sector [2] Group 3 - Zhaojin Gold confirmed normal operations and no undisclosed significant matters after its stock price experienced abnormal fluctuations [3] - Riying Electronics stated that it has no revenue from humanoid robot-related businesses and emphasized the need for rational investment decisions [4] Group 4 - Yifan Transmission intends to purchase 87.07% of Beijing Helishi Electric Technology Co., Ltd., which is expected to constitute a major asset restructuring [5] - China Merchants Industry plans to build four 3000TEU traditional fuel container ships with a total investment of no more than 1.324 billion yuan [6] Group 5 - Jiangtian Chemical plans to invest 49.8 million yuan in a project to produce 60,000 tons of acrylic acid annually [7] - *ST Xinyan has received approval to lift its delisting risk warning after completing its restructuring plan [7] Group 6 - Kangxin New Materials intends to acquire 51% of Wuxi Yubang Semiconductor for 392 million yuan, marking its expansion into the semiconductor field [8] - Guoshun Quantum signed a technology implementation license contract with the University of Science and Technology of China [8] Group 7 - Zhenyu Technology reported a significant increase in orders from the robotics sector for Q4 2025, although these orders represent a small portion of its overall revenue [9] - Yongxing Materials announced that its lithium extraction project has reached full production capacity [9] Group 8 - Nanjing Julong plans to invest 110 million yuan in a production line for modified plastics with an annual capacity of 60,000 tons [9] - Guodian Nanzi signed a strategic cooperation agreement with Huawei to establish an AI technology innovation center [10][11] Group 9 - He Sheng New Materials plans to sell idle factory assets for no less than 80 million yuan [13] - He Sheng New Materials expects a net profit increase of 55% to 75% for 2025, driven by improved supply chain management [14] Group 10 - Kangda New Materials forecasts a net profit of 125 million to 135 million yuan for 2025, marking a turnaround from a loss in the previous year [15] - Yanjing Beer anticipates a net profit increase of 50% to 65% for 2025, supported by its large product strategy [16] Group 11 - Jinfang Energy expects a net profit of 109 million to 143 million yuan for 2025, reflecting a year-on-year growth of 123.97% to 193.7% [19] - Yandong Microelectronics predicts a net loss of 340 million to 425 million yuan for 2025 due to market changes and increased R&D costs [20] Group 12 - Taishan Petroleum forecasts a net profit increase of 30.88% to 66.11% for 2025, benefiting from reduced expenses [21] - Huayuan Holdings expects a net profit increase of 50.98% to 66.82% for 2025, driven by lower raw material prices [22] Group 13 - Huajin Co. anticipates a net loss of 1.6 billion to 1.9 billion yuan for 2025, although the loss is expected to be less than the previous year [23] - Zhongyuan Neipei expects a net profit increase of 80.47% to 109.9% for 2025, supported by steady growth in core business [24] Group 14 - Dongfang Tower expects a net profit of 1.08 billion to 1.27 billion yuan for 2025, reflecting a year-on-year growth of 91.4% to 125.07% [34] - Dali Long anticipates a net profit increase of 51.88% to 86.27% for 2025, driven by market expansion and operational efficiency [35] Group 15 - Hikvision reported a net profit increase of 18.46% for 2025, with total revenue reaching 925.18 billion yuan [44] - Zhongfu Industrial expects a net profit increase of 120.27% to 141.59% for 2025, primarily due to lower costs in the electrolytic aluminum business [45]

Core Viewpoint - Northeast Securities reported a nearly 70% year-on-year increase in net profit for 2025, driven by growth in investment and wealth management revenues [1][3]. Financial Performance - The net profit attributable to shareholders for 2025 is projected to be 1.477 billion yuan, representing a 69.06% increase compared to the previous year [2][3]. - The net profit after deducting non-recurring gains and losses is expected to be 1.457 billion yuan, also reflecting a 69.00% year-on-year growth [2]. - Basic earnings per share for 2025 are forecasted at 0.6311 yuan, up from 0.3733 yuan in the previous year [2][3]. Asset and Equity Growth - As of December 31, 2025, total assets are expected to reach 113.429 billion yuan, marking a 27.41% increase from the beginning of the year [1]. - Shareholders' equity attributable to the parent company is projected to be 20.151 billion yuan, a 5.40% increase from the start of 2025 [1]. Market Context - The growth in Northeast Securities' performance is attributed to the resilience and vitality of the domestic capital market, which has enhanced its functional role in serving the real economy [2]. - The company is focusing on strategic leadership and accelerating business model transformation to improve asset allocation efficiency and promote innovation in its major business areas [2]. Shareholder Information - As of the latest report, major shareholders include Jilin Yatai Group Co., Ltd. with a 30.81% stake and Jilin Trust Co., Ltd. with an 11.80% stake [3][6]. Industry Comparison - Northeast Securities is the third listed brokerage to announce a profit increase for 2025, following Southwest Securities and Guolian Minsheng, indicating a positive trend in the brokerage industry [4][7].

格隆汇1月20日丨东北证券(000686.SZ)公布，预计2025年归属于上市公司股东的净利润147,699.12 万元，比上年同期增长69.06%，归属于上市公司股东的扣除非经常性损益后的净利润145,693.06万元， 比上年同期增长69.00%。 （责任编辑：张晓波 ） 【免责声明】本文仅代表作者本人观点，与和讯网无关。和讯网站对文中陈述、观点判断保持中立，不对所包含内容 的准确性、可靠性或完整性提供任何明示或暗示的保证。请读者仅作参考，并请自行承担全部责任。邮箱： news_center@staff.hexun.com 2025年，国内资本市场向新向优发展，韧性和活力明显增强，服务实体经济的功能性作用进一步释 放。公司扎实做好金融"五篇大文章"，锚定主责主业，聚焦战略引领，加速业务模式转型升级，提升资 产配置效率，深化数字技术赋能，全面推进大财富、大投资、大投行三大业务创新发展、协同发力，充 分把握市场机遇，有效应对外部风险，经营业绩实现同比较好提升。报告期内，公司实现归属于上市公 司股东的净利润14.77亿元，较上年同期增长69.06%，主要是投资业务收益及财富管理业务收入增加所 致。截至2025年 ...

报告期内，公司实现归属于上市公司股东的净利润14.77亿元，较上年同期增长69.06%，主要是投资业 务收益及财富管理业务收入增加所致。 智通财经APP讯，东北证券(000686.SZ)披露2025年度业绩预告，公司预计归属于上市公司股东的净利润 14.77亿元，同比增长69.06%;归属于上市公司股东的扣除非经常性损益后的净利润14.57亿元，同比增长 69.00%。 ...

人民财讯1月20日电，东北证券（000686）1月20日发布业绩预告，预计2025年归母净利润14.77亿元， 同比增长69.06%。报告期内，公司实现归母净利润较上年同期增长主要是投资业务收益及财富管理业 务收入增加。 ...

Group 1 - The core viewpoint of the article is that Northeast Securities expects a significant increase in net profit for 2025, projecting approximately 1.477 billion yuan, which represents a year-on-year growth of 69.06% [1] - The increase in performance is attributed to the domestic capital market's development towards new and superior entities, enhancing resilience and vitality, and further releasing its functional role in serving the real economy [1] - The company is focusing on its main responsibilities and business, accelerating the transformation and upgrading of its business model, improving asset allocation efficiency, and deepening digital technology empowerment [1] Group 2 - Northeast Securities is advancing innovation and collaborative efforts in three major business areas: wealth management, investment, and investment banking [1] - The company aims to fully seize market opportunities and effectively respond to external risks, leading to a notable improvement in operational performance [1]

东北证券公告，预计2025年度净利润为14.77亿元，同比增长69.06%。2025年，国内资本市场向新向优 发展，韧性和活力明显增强，服务实体经济的功能性作用进一步释放。公司扎实做好金融"五篇大文 章"，锚定主责主业，聚焦战略引领，加速业务模式转型升级，提升资产配置效率，深化数字技术赋 能，全面推进大财富、大投资、大投行三大业务创新发展、协同发力，充分把握市场机遇，有效应对外 部风险，经营业绩实现同比较好提升。 ...

证券代码：000686 证券简称：东北证券 公告编号：2026-002 东北证券股份有限公司 2025年度业绩预告 截至2025年12月31日，公司总资产为1,134.29亿元，较年初增长27.41%；归 属于上市公司股东的所有者权益为201.51亿元，较年初增长5.40%。 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。 一、本期业绩预计情况 1.业绩预告期间：2025年1月1日-2025年12月31日 2.业绩预告情况：同向上升 | 项 目 本报告期 | | | 上年同期 | | | --- | --- | --- | --- | --- | | 盈利：147,699.12 归属于上市公司股东的 净利润 | 万元 | | 盈利：87,364.91 | 万元 | | 比上年同期增长：69.06% | | | | | | 归属于上市公司股东的 盈利：145,693.06 扣除非经常性损益后的 | 万元 | | 盈利：86,210.69 | 万元 | | 净利润 | 比上年同期增长：69.00% | | | | | 基本每股收益 盈利：0.6311 | | 元/ ...

Market Overview - On January 19, the securities sector declined by 0.22%, with Huayin Securities leading the drop [1] - The Shanghai Composite Index closed at 4114.0, up 0.29%, while the Shenzhen Component Index closed at 14294.05, up 0.09% [1] Individual Stock Performance - Guolian Minsheng (601456) closed at 9.88, up 2.60% with a trading volume of 583,000 shares and a turnover of 577 million yuan [1] - Huayin Securities (002945) closed at 17.47, down 1.74% with a trading volume of 339,700 shares and a turnover of 594 million yuan [2] - Dongfang Caifu (300059) closed at 23.50, down 1.63% with a trading volume of 2,997,400 shares and a turnover of 7.065 billion yuan [2] Capital Flow Analysis - The securities sector experienced a net outflow of 1.866 billion yuan from institutional investors, while retail investors saw a net inflow of 1.136 billion yuan [2] - Major stocks like Guotai Junan (601211) had a net inflow of 118 million yuan from institutional investors, while retail investors had a net outflow of 66.72 million yuan [3] - The overall trend indicates a mixed sentiment among different investor types, with institutional investors pulling back while retail investors are more active [2][3]