上述公告显示，持股6.79%的股东四川剑南春（集团）有限责任公司（以下简称剑南春公司）计划在未 来3个月内，通过集中竞价及大宗交易方式合计减持不超过2625万股，占公司总股本的1%。《每日经济 新闻》记者注意到，这是自2018年华西证券上市以来，作为"元老级"股东的剑南春公司首次抛出减持计 划。 此举之所以备受瞩目，不仅因为这是双方长达25年股权关系的一次重要变动，更在于其发生的微妙时间 点。就在不久前，华西证券交出一份堪称惊艳的半年报，2025年上半年，华西证券归母净利润同比飙升 1195.02%，增速位列上市券商之首，成为市场公认的"黑马"。 9月24日晚间，华西证券（002926）（SZ002926，股价9.53元，市值250.16亿元）一纸公告引发资本市 场关注。 业绩如此亮眼，为何一路相伴的"老朋友"却选择在此刻离场？根据公告，减持原因为"流动资金需求"。 若按9月24日的收盘价计算，此次顶格减持将为剑南春公司带来约2.55亿元现金。这背后究竟是单纯的 资金需求，还是股东战略层面的其他考量，引人深思。 3个月内将实施减持计划 根据华西证券披露的公告，剑南春公司的减持计划细节清晰。目前，剑南春公司共持 ...

Group 1 - Tongxing Technology announced that it accepted a research inquiry from Huaxi Securities on September 25, 2025, with the company secretary Liang Lufang participating in the reception and answering investor questions [1] - The A-share market's total market value has surpassed 116 trillion yuan, marking a significant milestone one year after the "9.24" event [1]

齐鲁晚报·齐鲁壹点记者 黄寿赓 截至目前，华西证券前三大股东为泸州老窖集团有限责任公司、华能资本服务有限公司、泸州老窖（000568.SZ），持股比例分别为18.13%、11.34%、 10.39%。本次拟减持的剑南春为华西证券的第四大股东，且为发起人之一。 2000年6月，华西证券初创，剑南春出资8000万元，与此同时，关联公司四川剑南春融信投资有限公司也出资了5000万元。此后经历股权调整、增资扩股、 股改上市等关键节点，剑南春对华西证券的持股比例定格于6.79%。 | 华西证券 | | | | | | --- | --- | --- | --- | --- | | 002926 融 深股通 L1 | | | | | | 回 9.65 市值 250.16亿 量比 9.53 | | | | 0 | | 流通 250.16亿 ਜ਼ਿੰ 换 | 9.51 | | | 1.3 | | -0.18 -1.85% 开 市盈 20.84 额 | 9.60 | | | 3.36 | | 同花顺 增减持计划：公司持股5%以上一般股东四川... ● | | | | | | 博诺 | | | | | | 分时 日K 周Ｋ 王目 ...

值得注意的是，剑南春公司是华西证券的"元老级"股东。 时间回溯到2000年6月，在华西证券成立之际，剑南春公司便作为发起人之一，出资了8000万元。此后 经过一系列的股权调整，在2010年，剑南春公司的直接出资额上升至8500万元。 2011年7月，华西证券实施了一次重要的增资扩股，剑南春公司继续加码，剑南春公司的出资额进一步 提升至1.2亿元，持股比例达到8.49%。三年后的2014年7月，华西证券完成股改，剑南春公司所持有的 出资额相应转换为1.78亿股股份，持股比例维持在8.49%不变。 9月24日晚，华西证券发布股东减持公告，持有华西证券总股本比例6.79%的股东剑南春公司计划自本 公告披露之日起15个交易日后的3个月内以集中竞价方式、大宗交易方式合计减持不超过2625万股的股 份，即减持股份不超过总股本的1%。 截止9月25日收盘，华西证券报收9.53元/股，最新市值为250.2亿元。按此计算，剑南春公司减持的1% 股份约为2.5亿元。 对于剑南春公司减持的原因，华西证券表示，是因为剑南春公司流动资金需求。 分季度来看，去年"924行情"以来的第四季度成为其业绩增长的保障，在第四季度，华西证券实现营 ...

Group 1 - Shengke Communication's shareholding by the National Integrated Circuit Industry Investment Fund has decreased from 19.6% to 15% after a total reduction of 18.8569 million shares [1] - Guoxin Technology plans to reduce its shares by up to 4.5% through various trading methods between September 30, 2025, and December 29, 2025 [1][2] - Jingzhida has delivered its first high-speed testing machine to a key domestic customer, aimed at semiconductor memory testing [4][5] Group 2 - Nanxin Pharmaceutical's shareholder plans to reduce shares by up to 3%, totaling 823.2 million shares, due to funding needs [6] - *ST Taihe's shareholder intends to reduce shares by up to 3% for operational management needs [7] - Xincheng Technology's shareholders and directors plan to reduce shares by up to 2.03% due to personal funding needs [8] Group 3 - Huati Technology is planning to acquire shares of Huayi Microelectronics, leading to a stock suspension due to uncertainties [9] - Ruima Precision's subsidiary has received a project notification with a total lifecycle sales estimate of approximately 5.56 billion yuan [10] - Guoguang Electric's shareholders plan to reduce shares by up to 3.85% through various trading methods [10] Group 4 - Cangge Mining's shareholder plans to reduce shares by up to 0.6% due to funding needs [11] - Jujiao Co., Ltd. intends to reduce shares by up to 3% due to personal funding arrangements [12] - Maqu'er plans to reduce shares by up to 2% due to funding needs [13] Group 5 - Caesar Travel's subsidiary intends to acquire 100% equity of Qingdao Hansa for 16 million yuan [14] - Xinde New Materials' shareholders plan to reduce shares by up to 3% through various trading methods [15] - Huadong Heavy Machinery's shareholders plan to reduce shares by up to 1.5% [16] Group 6 - Zhejiang Zhongcheng's shareholder plans to reduce shares by up to 3% due to personal funding needs [17] - Huaxi Securities' shareholder plans to reduce shares by up to 1% due to liquidity needs [18] - Ameng Pharmaceutical's major shareholder opposes the introduction of a strategic investor due to concerns over financial strength and compliance [19] Group 7 - *ST Rindong plans to invest 100 million yuan in Jiangyuan Technology, with a post-investment shareholding of 4.14% [20][21] - International Industry plans to issue shares to its controlling shareholder to raise no more than 662 million yuan for working capital [22][23]

Core Viewpoint - The recent announcements of share reductions by multiple shareholders in the securities industry indicate a trend of capital adjustment and potential concerns regarding the stability of shareholder confidence in the sector [1][2][4]. Group 1: Shareholder Reduction Plans - Sichuan Jianan Spring plans to reduce its stake in Huaxi Securities by up to 1% within three months, citing "liquidity needs" as the reason for the reduction [1]. - Other securities firms have also seen similar shareholder reductions, with China Cinda not executing its planned 1% reduction due to market conditions, while Guokong Operations and Jiangxi Copper plan to reduce their stakes by up to 3% [2][3]. - The majority of these reductions are executed through centralized bidding and block trading, with most reductions kept within the 1% to 3% range [2]. Group 2: Motivations Behind Reductions - The motivations for these reductions are varied, often linked to "business development needs" or "liquidity requirements," indicating a focus on the shareholders' financial arrangements rather than a direct negative outlook on the brokers' fundamentals [3]. - Jianan Spring's reduction is characterized as a financial investment rather than a strategic business move, reflecting typical behavior for industrial capital [3]. - Jiangxi Copper's reduction is seen as a way to optimize cash flow amidst cyclical fluctuations in the metals industry [3]. Group 3: Market Implications and Industry Challenges - The disclosed reduction plans have not led to changes in control for the listed companies, and the impact on governance structures is considered limited [4]. - However, these announcements may influence market sentiment, as shareholder actions are often interpreted as signals regarding the industry's outlook [4][5]. - The securities industry continues to face challenges such as declining commission rates and increased competition, prompting some shareholders to adjust their asset allocations post-lockup [5]. - The phenomenon of shareholder reductions highlights a mismatch between financial and industrial capital cycles, suggesting that these actions should not be simplistically viewed as negative indicators for the brokers' future [5].

Core Viewpoint - The article highlights the strategic initiatives of Huaxi Securities in supporting the development of "new quality productivity" through innovative financial services, particularly focusing on technology-driven small and medium-sized enterprises (SMEs) in the Sichuan-Chongqing region [1][10]. Group 1: Financial Products and Services - Huaxi Securities has launched the first "investment-loan linkage" policy financial product in Sichuan, serving over 600 technology-based SMEs [1]. - The company has established a comprehensive financial service leadership group for technology SMEs, aiming to enhance service efficiency [1][7]. - The "investment-loan linkage" product is designed to meet the long-term financing needs of growing enterprises, with a term of 1-3 years, addressing a gap in the market for mid-to-long-term financing solutions [5][11]. Group 2: Case Study - Zhongke Zhuoer - Zhongke Zhuoer, a technology company with a focus on semiconductor technology, received significant support from Huaxi Securities, including 200 million yuan in equity financing and 800 million yuan in credit support [2][3]. - The collaboration led to a breakthrough in production capabilities, improving key performance indicators by 300% and overcoming production bottlenecks [2]. Group 3: Strategic Focus and Regional Development - Huaxi Securities emphasizes a deep-rooted strategy in the Sichuan-Chongqing region, aligning its services with local economic development and government initiatives [10][12]. - The company has established a unique "localized + total-to-total" cooperation ecosystem, enhancing its ability to respond quickly to local enterprise needs [12]. - The firm has created over 10 funds in the Sichuan region, focusing on specialized and innovative enterprises, with investments exceeding 3 billion yuan [8][12]. Group 4: Organizational Structure and Efficiency - In May 2023, Huaxi Securities restructured its organization to improve service efficiency for technology SMEs, integrating various departments to enhance collaboration [7][8]. - The establishment of the "Industry Finance Center" aims to provide comprehensive financial services tailored to enterprises at different development stages [8][11]. Group 5: Research and Development Support - The research department of Huaxi Securities plays a crucial role in evaluating investment projects, providing insights into industry trends and company performance [9]. - The firm leverages its research capabilities to identify innovative companies with core technologies, offering tailored financial solutions [11].

公开资料显示，华西证券股份有限公司源于1988年成立的四川省证券股份有限公司。2018年，公司在深交所上市。 近日，华西证券发布2025年半年报称，公司报告期内营业收入为20.73亿元，同比增长46.72%；归属于上市公司股东的净利润为5.12亿元，同比增长 1195.02%。 分业务来看，上半年，华西证券实现经纪及财富管理业务收入11.39亿元，同比增加35.25%；信用业务收入为4.32亿元，同比增加6.81%；投资业务收入为 3.93亿元，同比增加7358.56%。 华西证券表示，本次减持计划系公司股东根据自身经营发展需要进行的减持，不会对公司治理结构及持续经营情况产生重大影响。在减持期间内，股东将 根据市场情况、公司股价等因素择机决定是否实施及如何实施本次股份减持计划。减持的时间、数量和价格等存在不确定性。 9月24日晚间，华西证券（深市代码：002926）公告称，持有公司股份1.78亿股（占公司总股本比例6.79%）的股东四川剑南春（集团）有限责任公司（以 下简称"剑南春公司"）计划自本公告披露之日起15个交易日后的3个月内以集中竞价方式、大宗交易方式合计减持不超过2625万股的公司股份，即减持股 ...

新京报贝壳财经讯 9月24日，华西证券公告，持股6.79%的股东四川剑南春(集团)有限责任公司因流动资 金需求，拟自公告披露之日起15个交易日后的3个月内（2025年10月27日至2026年1月26日），通过集中 竞价和大宗交易方式合计减持不超2625万股，占公司总股本1%，其中集中竞价不超1312.5万股 （0.5%）、大宗交易不超1312.5万股（0.5%），减持价格按届时市场确定。 ...

人民财讯9月24日电，华西证券（002926）9月24日公告，公司持股6.79%的股东四川剑南春(集团)有限 责任公司(简称"剑南春公司")计划以集中竞价方式、大宗交易方式，合计减持公司股份不超过2625万 股，即不超过公司总股本的1%。 ...