利 润 表 资 产 负 债 表 | 编制单位：东莞证券股份有限公司 | | | 2025年6月30日 | | | | 单位：元 | | --- | --- | --- | --- | --- | --- | --- | --- | | 资 产 | 行次 | 期末余额 | 年初余额 | 负债和所有者权益（或股东权益） | 行次 | 期末余额 | 年初余额 | | 资 产： | | | | 负 债： | | | | | 货币资金 | 1 | 25,003,928,889.20 | 23,134,052,654.85 短期借款 | | 28 | | | | 其中：客户资金存款 | 2 | 23,960,390,757.00 | 22,106,171,756.27 应付短期融资款 | | 29 | 5,724,339,858.30 | 6,004,866,207.42 | | 结算备付金 | 3 | 5,064,147,866.65 | 6,036,596,040.97 拆入资金 | | 30 | 501,252,222.23 | 602,741,388.87 | | 其中：客户备付金 | 4 | 4,912,723 ...

资 产 负 债 表 2025年6月30日 | 编制单位:中山证券有限责任公司 | | --- | | 利 润 | 表 | | --- | --- | | 2025年1-6月 | | | 编制单位:中山证券有限责任公司 | | 单位：人民币元 | | --- | --- | --- | | 项 目 | 本年累计数 | 上年同期数 | | 一、营业收入 | 231,487,628.55 | 483,936,412.84 | | 利息净收入 | 61,527,957.99 | 44,501,605.24 | | 其中：利息收入 | 129,695,248.79 | 121,022,067.13 | | 利息支出 | 68,167,290.80 | 76,520,461.89 | | 手续费及佣金净收入 | 138,164,135.32 | 117,463,763.83 | | 其中：经纪业务手续费净收入 | 123,286,353.49 | 77,811,567.39 | | 投资银行业务手续费净收入 | 5,778,438.82 | 15,439,558.03 | | 资产管理业务手续费净收入 | 2,319,2 ...

根据全国银行间同业拆借中心《关于同业拆借市场成员披露 2025 年半年度财务报表的通知》（中汇交发〔2025〕230 号）的规定，广 东锦龙发展股份有限公司控股子公司中山证券有限责任公司（下称 "中山证券"）和参股子公司东莞证券股份有限公司（下称"东莞证 券"）2025 年 6 月 30 日的资产负债表（未经审计）和 2025 年上半 年利润表（未经审计）将在中国货币网披露。中山证券和东莞证券上 述资产负债表和利润表将随本公告同时在巨潮资讯网上披露。 特此公告。 广东锦龙发展股份有限公司董事会 二〇二五年七月十八日 证券代码：000712 证券简称：锦龙股份 公告编号：2025-46 广东锦龙发展股份有限公司 关于子公司 2025 年上半年度未经审计财务报表的公告 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。 ...

Core Viewpoint - The performance forecasts for the first half of 2025 from multiple listed securities firms indicate a significant rebound in profitability, driven by increased market activity and robust growth in wealth management and investment income [1][3][7]. Group 1: Performance Forecasts - A total of 27 listed securities firms have released their performance forecasts, with 14 firms expecting a year-on-year net profit increase exceeding 100% [1]. - Huaxi Securities anticipates a net profit range of 4.45 billion to 5.75 billion yuan, reflecting a year-on-year growth of 1025.19% to 1353.90% [1]. - Guolian Minsheng expects a net profit of 11.29 billion yuan, marking a year-on-year increase of 1183.00% [1]. Group 2: Market Activity and Business Growth - The increase in capital market activity has led to substantial growth in wealth management and securities investment income, contributing to the overall performance recovery of several firms [3][4]. - Guojin Securities projects a net profit of 10.92 billion to 11.37 billion yuan, representing a year-on-year increase of 140% to 150% [3]. - Hualin Securities expects a net profit of 2.7 billion to 3.5 billion yuan, with a growth rate of 118.98% to 183.86% [3]. Group 3: Investment Banking and Strategic Developments - Some firms have reported improvements in investment banking performance, contributing positively to their overall results [4]. - Guotai Haitong anticipates a net profit of 152.83 billion to 159.57 billion yuan, with a year-on-year growth of 205% to 218% [5]. - The firm attributes its growth to the successful integration of its operations and a focus on enhancing core capabilities [6]. Group 4: Industry Outlook - The securities industry has undergone a significant transformation since the market bottomed out in September last year, with many firms showing strong growth in their forecasts [7]. - Research institutions are optimistic about the future performance of the securities sector, highlighting a favorable operating environment and potential for valuation recovery [7]. - Key areas of focus for future growth include mergers and acquisitions, wealth management transformation, and innovative business licenses [7].

Group 1 - The core viewpoint highlights that the brokerage industry has shown impressive performance in the first half of the year, with a significant increase in net profits among leading firms, reflecting enhanced market activity [1] - Among 32 brokerages that disclosed performance forecasts, 29 reported growth, with a total net profit expected to exceed 500 billion yuan, indicating a strong recovery in the sector [1] - The top-performing brokerages, such as Guotai Junan and CITIC Securities, have seen substantial profit increases, with Guotai Junan's net profit projected to grow by 205% to 218% year-on-year [1] Group 2 - Huatai Securities has received approval to issue company bonds totaling up to 40 billion yuan, which is expected to optimize its capital structure and support its stock price [2] - The approval reflects market confidence in Huatai Securities' qualifications and is likely to enhance the overall financing capacity of the brokerage sector, boosting market liquidity [2] Group 3 - Government investment funds have significantly increased their contributions, with a year-on-year growth of 151.22%, driven by favorable policies and regulatory easing [3] - This increase in funding is expected to improve the capital structure of companies and support various industry sectors, enhancing market confidence [3] Group 4 - Over 130 funds have been liquidated this year, indicating a trend towards market-driven fund issuance and exit, with popular themes like dividends and pharmaceuticals also facing challenges [4] - The trend of fund liquidation reflects the importance of market selection and fund management capabilities, leading to increased competition within the industry [4]

Core Viewpoint - The performance forecasts for the first half of 2025 from multiple listed securities firms indicate a significant increase in net profits, with many firms reporting growth rates exceeding 100% year-on-year, driven by improved market conditions and enhanced wealth management and investment returns [1][3][7]. Group 1: Performance Forecasts - A total of 27 listed securities firms or their subsidiaries released mid-year forecasts, with 14 firms expecting net profit growth exceeding 100% [1]. - Notable firms include Huaxi Securities, expecting a net profit of 445 million to 575 million yuan, representing a year-on-year increase of 1,025.19% to 1,353.90% [2]. - Guolian Minsheng is projected to achieve a net profit of 1.129 billion yuan, reflecting a growth of 1,183.00% [2]. Group 2: Drivers of Growth - The increase in profits is attributed to a rise in capital market activity, leading to substantial growth in wealth management and securities investment returns [3]. - Guotai Junan reported a projected net profit of 1.092 billion to 1.137 billion yuan, indicating a year-on-year increase of 140% to 150% due to enhanced wealth management and self-investment performance [3]. - Huayin Securities noted a significant increase in wealth management revenue and fair value changes in equity investments, forecasting a net profit of 270 million to 350 million yuan, up 118.98% to 183.86% [3]. Group 3: Sector Outlook - The overall operating environment for the securities industry is improving, with expectations for continued strong growth in mid-year performance [7][8]. - Analysts suggest that the securities sector is entering a new phase of high-quality development, with a focus on differentiated competition and refined management practices [8]. - Recommendations include monitoring mergers and acquisitions, wealth management transformations, and innovative business licenses as key investment themes [8][9].

[Current Period Performance Forecast](index=1&type=section&id=Item%20I.%20Current%20Period%20Performance%20Forecast) The company forecasts a return to profitability in the first half of 2025, with net profit attributable to shareholders projected between 105 million and 153 million yuan, and operating revenue expected to reach 390 million to 450 million yuan - The company anticipates achieving a turnaround to profitability in the first half of 2025[3](index=3&type=chunk) Key Financial Data for H1 2025 Performance Forecast | Project | Current Reporting Period (Jan-Jun 2025) | Prior Year Period (Jan-Jun 2024) (Restated after reorganization) | | :--- | :--- | :--- | | **Operating Revenue** | 390 million to 450 million Yuan | 300 million Yuan | | **Net Profit Attributable to Shareholders** | Profit: 105 million to 153 million Yuan | Loss: 110 million Yuan | | **Net Profit Excluding Non-recurring Items** | Loss: 112 million to 95 million Yuan | Loss: 102 million Yuan | | **Basic Earnings Per Share** | Profit: 0.117 to 0.171 Yuan/share | Loss: 0.122 Yuan/share | [Pre-audit Status of Performance Forecast](index=1&type=section&id=Item%20II.%20Pre-audit%20Status%20of%20Performance%20Forecast) The performance forecast data released is a preliminary estimate by the company's finance department and has not been pre-audited by a certified public accountant - This performance forecast has not been pre-audited by a certified public accountant[5](index=5&type=chunk) [Explanation of Performance Changes](index=2&type=section&id=Item%20III.%20Explanation%20of%20Performance%20Changes) The significant increase in performance and return to profitability are primarily due to a substantial investment gain from the transfer of 300 million shares of Dongguan Securities during the reporting period, which is classified as non-recurring income and is estimated to impact net profit by approximately 217 million to 248 million yuan - The significant year-over-year increase in the company's net profit is primarily due to a substantial investment gain from the transfer of **300 million shares** of Dongguan Securities[6](index=6&type=chunk) - During the reporting period, non-recurring gains are estimated to impact net profit by approximately **217 million to 248 million yuan**, primarily from the aforementioned equity transfer investment income[6](index=6&type=chunk) [Other Explanations](index=2&type=section&id=Item%20IV.%20Other%20Explanations) The company advises investors that this performance forecast is a preliminary estimate, with final accurate financial data to be disclosed in the '2025 Semi-Annual Report,' and reminds investors of investment risks - The company states this performance forecast is a preliminary estimate, with final data subject to the official semi-annual report, and advises investors to be aware of investment risks[7](index=7&type=chunk)

锦龙股份：预计2025年上半年营业收入为3.9亿元至4.5亿元，预计归属于上市公司股东的净利润为盈利 1.05亿元至1.53亿元。 ...

锦龙股份（000712）公告，预计2025年1月1日至6月30日营业收入为3.9亿元至4.5亿元，预计归属于上市 公司股东的净利润为盈利1.05亿元至1.53亿元。 ...

Core Viewpoint - The auction of 35 million shares of Jinlong Co., Ltd. ended without any bids, marking the second judicial auction of shares held by the controlling shareholder this year, indicating a lack of market interest despite the shares being divided into multiple lots to lower bidding thresholds [2][4][10]. Group 1: Auction Details - The auction for 35 million shares started on July 7 and lasted for one day, with a total starting price of 444 million yuan [4]. - The shares were divided into 17 lots, with 16 lots of 2 million shares each starting at 25.38 million yuan, and one lot of 3 million shares starting at 38.07 million yuan [4]. - Despite five bidders registering, all lots went unsold, reflecting a lack of interest in the auction [2][4]. Group 2: Pricing and Market Conditions - The calculated auction price was approximately 12.69 yuan per share, which is close to the closing price of 12.94 yuan on the auction day, suggesting that the auction price was not attractive enough for bidders [9]. - Previous auctions in February and April had lower average prices per share, indicating that the current auction's pricing may have deterred potential bidders [9]. - The auction's starting price was determined based on the average closing price over the previous 20 trading days, which may have contributed to the high starting price [9]. Group 3: Financial Context - Jinlong Co., Ltd. has faced financial difficulties, with its controlling shareholder being subject to multiple forced executions due to unpaid debts [12]. - The company recently sold a 20% stake in Dongguan Securities to improve its financial situation, receiving over 2 billion yuan in transfer payments [11][13]. - The company's debt ratio has increased to 81.09%, with total liabilities amounting to 19.196 billion yuan, indicating ongoing financial strain [12].