山西证券股份有限公司 2025 年半年度财务报告 2025 年 08 月 山西证券股份有限公司 合并及母公司资产负债表(未经审计) 2025 年 6 月 30 日 (金额单位：人民币元) | | | 本集团 | | 本公司 | | | --- | --- | --- | --- | --- | --- | | | | 2025 年 | 2024 年 | 2025 年 | 2024 年 | | | 附注 | 6 月 30 日 | 12 月 31 日 | 6 月 30 日 | 12 月 31 日 | | 资产 | | | | | | | 货币资金 | 五 1 | 24,196,063,684 | 25,401,187,834 | 16,248,828,702 | 16,494,440,454 | | 其中：客户存款 | | 17,391,778,405 | 17,371,214,264 | 11,302,078,585 | 10,909,910,968 | | 结算备付金 | 五 2 | 3,983,517,826 | 4,020,926,094 | 4,278,962,977 | 5,082,480,845 | ...

2025 年上半年风险控制指标情况报告 山西证券股份有限公司 2025 年上半年风险控制指标情况报告 2025 年上半年，山西证券股份有限公司（以下简称"公司"）持 续完善以净资本和流动性为核心的风险控制指标体系，进行风险控制 指标动态监控系统（并表管理系统）改造，逐日动态监控风险控制指 标情况，运用压力测试全面评估面临的风险，合理进行资产配置和业 务规划。报告期内，公司以净资本和流动性为核心的风险控制指标持 续符合监管要求。 一、净资本和流动性等主要风险控制指标情况 | | 2025 年 6 月末 | 2024 年 12 月末 | | | | --- | --- | --- | --- | --- | | 项 目 | 指标值 | 指标值 | 监管预警标准 | 监管标准 | | | （未经审计） | （经审计） | | | | 核心净资本（亿元） | 104.30 | 99.23 | - | - | | 附属净资本（亿元） | 17.50 | 17.50 | - | - | | 净资本（亿元） | 121.80 | 116.73 | - | - | | 净资产（亿元） | 180.09 | 175.42 | ...

2025 年半年度报告摘要 证券代码：002500 证券简称：山西证券 公告编号：定 2025 半年报摘要 山西证券股份有限公司 2025 年半年度报告摘要 一、重要提示 本半年度报告摘要来自半年度报告全文，为全面了解本公司的经营成果、财务状况及未来发展规 划，投资者应当到证监会指定媒体仔细阅读半年度报告全文。 公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容的真实、准确、完整，不 存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 本报告经公司第四届董事会第二十六次会议审议通过。会议应参加董事 11 名，实际参加董事 11 名。 非标准审计意见提示 □适用 √不适用 董事会审议的报告期利润分配预案或公积金转增股本预案 √适用 □不适用 是否以公积金转增股本 □是 √否 经本次董事会审议通过的公司 2025 年半年度利润分配方案为：以 2025 年 6 月 30 日总股本 3,589,771,547 股为基数，向全 体股东每 10 股派发现金红利 0.50 元（含税），不送红股，不以公积金转增股本。 董事会决议通过的本报告期优先股利润分配预案 1、公司简介 | 股票简称 | 山西证 ...

证券代码：002500 证券简称：山西证券 公告编号：临2025-025 山西证券股份有限公司 2025年上半年募集资金存放和实际使用情况专项报告 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。 根据深圳证券交易所发布的《深圳证券交易所上市公司自律监管 指引第 1 号——主板上市公司规范运作》《深圳证券交易所公司债券 存续期业务指南第 3 号——募集资金管理重点关注事项（试行）》等 有关规定要求，现就山西证券股份有限公司（以下简称"公司"）2025 年上半年募集资金的存放与实际使用情况报告如下： 一、募集资金基本情况 （一）2025 年上半年募集资金基本情况 2025 年 4 月,公司收到中国证券监督管理委员会《关于同意山西 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〔2025〕815 号），同意公司向专业投资者发行面值总额不超 过 70 亿元的公司债券注册的申请。报告期内，公司分别于 5 月、6 月共计发行债券两期，合计 25 亿元，实际到账金额 2,495,000,000.00 元。募集资金主要用于科技创新领域投资、对科技创新相关 ...

山西证券(002500)8月27日晚间发布2025年半年度报告，公司上半年营业收入为16.41亿元，同比增长 17.22%；归属于上市公司股东的净利润5.24亿元，同比增长64.47%。公司拟向全体股东每10股派发现金 红利0.5元（含税）。 ...

山西证券股份有限公司 2025 年半年度报告 （002500） 2025 年 08 月 2025 年半年度报告全文 第一节 重要提示、目录和释义 公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容的真实、准确、 完整，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 本报告经公司第四届董事会第二十六次会议审议通过。会议应参加董事 11 名，实际 参加董事 11 名。没有董事、监事及高级管理人员声明对本报告内容的真实性、准确性和 完整性无法保证或存在异议。 经本次董事会审议通过的公司 2025 年半年度利润分配方案为：以 2025 年 6 月 30 日 总股本 3,589,771,547 股为基数，向全体股东每 10 股派发现金红利 0.50 元（含税），不送 红股，不以公积金转增股本。 公司董事长侯巍先生、总经理王怡里先生、财务负责人汤建雄先生及会计机构负责人 张立德先生声明：保证本半年度报告中财务报告的真实、准确、完整。 公司 2025 年半年度财务报告未经会计师事务所审计。 公司所处金融行业。公司面临的重大风险主要包括政策性风险、流动性风险、市场风 险、信用风险、操作风险、声 ...

Group 1 - The core viewpoint of the report is that Shanxi Securities has given a "buy" rating to Kaineng Health (300272.SZ) based on its strong performance in high-margin terminal business and services, which are growing the fastest [1] - The report highlights that the Yuanneng Group focuses on third-party cell storage as its core business and is expanding into key health-related sectors [1] - The scale effect is driving improvements in profitability for Kaineng Health [1] Group 2 - The pet industry is experiencing a significant boom, with a market size of 300 billion yuan, leading to positive performance among listed companies in the sector [1]

Group 1 - The trend of shrinking imported coal volume is slowing down, with a marginal improvement in year-on-year negative growth and a month-on-month positive growth in July [1][2] - In July, the total imported coal price was $67 per ton, continuing a year-on-year decline, with a month-on-month decrease of $6.23 per ton [1] - Domestic coal production has contracted both year-on-year and month-on-month, leading to an increase in imported coal demand due to domestic supply gaps [2] Group 2 - The increase in import volume has not led to a rise in import prices, indicating that the overseas supply-demand structure has not significantly improved [3] - The expectation of coal demand remains uncertain due to recent domestic "anti-involution" initiatives and the stable growth outlook for various downstream industries [3] - Companies to watch for potential performance recovery in the coal sector include Huayang Co., Jinkong Coal, Shanmei International, and Luan Environmental Energy, among others [1][3]

Group 1 - Shanxi Securities experienced a decline of 1.02% on August 26, with a trading volume of 299 million yuan [1] - The financing buy-in amount for Shanxi Securities on the same day was 73.61 million yuan, while the financing repayment was 45.88 million yuan, resulting in a net financing buy-in of 27.73 million yuan [1] - As of August 26, the total margin balance for Shanxi Securities was 1.239 billion yuan, with the financing balance accounting for 5.08% of the circulating market value, indicating a high level compared to the past year [1] Group 2 - Shanxi Securities, established on July 28, 1988, and listed on November 15, 2010, is based in Taiyuan, Shanxi Province, and its main business includes securities brokerage, proprietary trading, asset management, and financial advisory [2] - The revenue composition of Shanxi Securities includes fixed income business (37.32%), securities brokerage (29.65%), entrusted asset management (12.08%), commodity trading and risk management (8.42%), futures brokerage (5.46%), investment banking (5.37%), and other proprietary investments (1.43%) [2] - As of August 20, the number of shareholders for Shanxi Securities was 113,500, an increase of 0.22% from the previous period, with an average of 31,631 circulating shares per person, a decrease of 0.22% [2] Group 3 - Since its A-share listing, Shanxi Securities has distributed a total of 4.214 billion yuan in dividends, with 969 million yuan distributed over the past three years [3] - As of March 31, 2025, the largest circulating shareholder of Shanxi Securities was Hong Kong Central Clearing Limited, holding 62.279 million shares, a decrease of 4.468 million shares from the previous period [3] - The Guotai CSI All-Share Securities Company ETF (512880) was the sixth largest circulating shareholder, increasing its holdings by 5.280 million shares to 36.679 million shares [3]

Core Viewpoint - The recent surge in the Shanghai Composite Index, surpassing 3800 points, has led to a significant increase in demand for investment advisory services from brokerages, with both contract signings and revenue rising concurrently [1][2]. Group 1: Demand for Investment Advisory Services - There has been a notable increase in the signing of equity portfolio products, reflecting a resurgence in investor confidence and enthusiasm for the equity market [2]. - The number of clients resetting passwords for dormant accounts has surged significantly in August, indicating a revival in trading activity [2]. - The demand for advisory services is driven by investors' concerns about market valuations, the sustainability of capital inflows, and specific asset allocation strategies [2][3]. Group 2: Brokerages' Response Strategies - Brokerages are actively enhancing their advisory services and launching promotional activities, particularly during the "818 Financial Festival," to attract and retain clients [3][4]. - Various brokerages are offering new client incentives, including high-yield financial products and advanced trading tools, to encourage new account openings [4]. - Investment education initiatives are being implemented to guide new clients in rational investment strategies, focusing on risk tolerance and diversified asset allocation [5][6]. Group 3: Operational Enhancements - Brokerages are investing in operational support, including customer service and educational resources, to better meet client needs [5][6]. - Technological improvements, such as app enhancements and intelligent service features, are being introduced to facilitate a better trading experience for clients [6].