本公司及公司全体董事会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。 证券代码：002939 证券简称：长城证券 公告编号：2025-084 长城证券股份有限公司 关于 2025 年度第七期短期融资券兑付完成的公告 长城证券股份有限公司董事会 2025 年 10 月 28 日 长城证券股份有限公司（以下简称公司）于 2025 年 7 月 22 日发行了公司 2025 年度第七期短期融资券，发行金额为人民币 10 亿元，票面利率为 1.54%， 发行期限为 94 天，兑付日为 2025 年 10 月 24 日。 2025 年 10 月 24 日，公司兑付了 2025 年度第七期短期融资券本息共计人民 币 1,003,966,027.40 元。 特此公告。 ...

北京商报讯（记者 李海媛）10月27日，长城证券发布2025年第三季度报告。前三季度，长城证券实现营业收 入41.21亿元，同比增长44.61%，归母净利润19.31亿元，同比增长75.83%。 | | 本报告期 | 本报告期比上年同 | 年初至报告期末 | 年初至报告期末比 | | --- | --- | --- | --- | --- | | | | 期增減 | | 上年同期增减 | | 营业总收入(元) | 1.261.989.457.23 | 45.45% | 4.120.987.989.34 | 44.61% | | 归属于上市公司股东的净利 | 545.948.592.39 | 44.99% | 1.930.593.049.00 | 75.83% | | 润(元) | | | | | | 归属于上市公司股东的扣除 | 547,746,336.67 | 45.97% | 1.926.639.750.86 | 76.44% | | 非经常性损益的净利润(元) | | | | | | 经营活动产生的现金流量净 额(元) | | | 11,007,962,502.64 | -21.86% | | 基本每股 ...

Core Viewpoint - Changcheng Securities reported a significant increase in net profit and revenue for the third quarter and the first three quarters of 2025, driven by growth in financial asset returns and brokerage fees [1] Financial Performance - In Q3 2025, the company achieved operating revenue of 1.262 billion yuan, representing a year-on-year increase of 45.45% [1] - The net profit attributable to shareholders for Q3 2025 was 546 million yuan, up 44.99% year-on-year [1] - For the first three quarters of 2025, the total operating revenue reached 4.121 billion yuan, reflecting a year-on-year growth of 44.61% [1] - The net profit attributable to shareholders for the first three quarters was 1.931 billion yuan, marking a substantial year-on-year increase of 75.83% [1] Growth Drivers - The performance improvement is primarily attributed to increased returns from financial assets and higher net income from brokerage services and commissions [1]

长城证券股份有限公司 2025 年第三季度报告 证券代码：002939 证券简称：长城证券 公告编号：2025-083 长城证券股份有限公司 2025 年第三季度报告 本公司及公司全体董事会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。 重要内容提示： 1.董事会及董事、高级管理人员保证季度报告的真实、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。 2.公司负责人王军、主管会计工作负责人周钟山及会计机构负责人（会计主管人员）阮惠仙声明：保证季度报告中财务 信息的真实、准确、完整。 长城证券股份有限公司 2025 年第三季度报告 （二）非经常性损益项目和金额 3.公司 2025 年第三季度财务会计报告未经会计师事务所审计。 一、主要财务数据 （一）主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □ 是 √ 否 | | 本报告期 | 本报告期比上年同 | | 年初至报告期末 | 年初至报告期末比 | | --- | --- | --- | --- | --- | --- | | | | 期增减 | | | 上年同期增减 | | 营 ...

Market Performance - On October 27, the securities sector rose by 1.17%, with Dongxing Securities leading the gains [1] - The Shanghai Composite Index closed at 3996.94, up 1.18%, while the Shenzhen Component Index closed at 13489.4, up 1.51% [1] Individual Stock Performance - Dongxing Securities (601198) closed at 12.74, up 6.61% with a trading volume of 1.86 million shares and a turnover of 2.356 billion [1] - Xiangcai Shares (600095) closed at 13.12, up 5.55% with a trading volume of 1.6562 million shares and a turnover of 2.193 billion [1] - Other notable performers include: - Industrial Securities (601377) at 6.74, up 3.06% [1] - Huatai Securities (601688) at 22.45, up 2.98% [1] - XD Xinda Securities (601059) at 20.03, up 2.72% [1] Capital Flow Analysis - The securities sector experienced a net outflow of 1.848 billion from institutional investors, while retail investors saw a net inflow of 0.886 billion [2] - Notable capital flows include: - Huatai Securities (601688) with a net inflow of 0.323 billion from institutional investors [3] - Guangfa Securities (000776) with a net inflow of 0.275 billion from institutional investors [3] - Xiangxi Shares (600095) with a net inflow of 0.241 billion from institutional investors [3]

Core Viewpoint - The article emphasizes the role of the securities industry in supporting national strategies and deepening financial supply-side reforms, particularly through the integration of technology and finance to foster the growth of innovative enterprises [1]. Group 1: Strategic Focus - Longcheng Securities has identified "technology finance" as a key development direction in its "14th Five-Year Plan," aiming to become a leading securities company specialized in the power and energy sectors [3]. - The company is committed to enhancing its service matrix for technology finance, focusing on the integration of financial services with the development of innovative industries [2][3]. Group 2: New Financial Pathways - Longcheng Securities has established a new model for industry-finance integration, enhancing capabilities in value discovery, asset pricing, resource integration, and risk management to support technological innovation [3]. - The company has actively participated in the bond market, successfully issuing the first technology innovation bond by a securities company in Shenzhen, with a scale of 500 million yuan and a maturity of 2 years at a coupon rate of 1.79% [4][5]. Group 3: Building New Platforms - The "Technology Finance Port" is being developed as a new service model to support small and medium-sized technology enterprises, focusing on the dual carbon industry chain and providing comprehensive financial services throughout the enterprise lifecycle [6]. - Longcheng Securities has successfully integrated its resources to create a collaborative ecosystem, having accumulated 432 enterprises in the Huaneng industry chain and facilitating various investment and cooperation projects [7]. Group 4: Commitment to Innovation - The company aims to continue aligning with national strategic needs, enhancing financial services for innovative enterprises, and fostering high-quality development through effective risk management and financial support [7].

Core Viewpoint - The article emphasizes the role of Changcheng Securities in promoting the integration of technology and finance, focusing on supporting the growth of innovative enterprises through a comprehensive financial service matrix [1][2]. Group 1: Strategic Focus - Since 2021, Changcheng Securities has identified "technology finance" as a key development direction within its "14th Five-Year Plan," aiming to become a leading securities company specialized in the power and energy sectors [2]. - The company has established an industrial finance research and innovation team to leverage its platform advantages and resources, enhancing its role in investment guidance and industrial development [2]. Group 2: New Financial Models - Changcheng Securities is developing a new model of industrial-financial integration, focusing on value discovery, asset pricing, resource integration, and risk management to empower industries and support technological innovation [2]. - The company utilizes various financing tools, including equity and debt financing, to actively support emerging industries and facilitate the transformation of technological achievements [2]. Group 3: Innovative Financial Products - In May 2023, Changcheng Securities successfully issued the first technology innovation bond by a securities company on the Shenzhen Stock Exchange, with a scale of 500 million yuan and a maturity of 2 years, aimed at funding high-tech and strategic emerging industries [3]. - The company has positioned its underwriting of technology innovation bonds as a crucial part of its service to the main business and national technology innovation strategy, creating a comprehensive financial service system for the entire lifecycle of innovative enterprises [3][4]. Group 4: Technology Financial Port - Changcheng Securities is building a "Technology Financial Port" to provide integrated financial services for small and medium-sized enterprises with core technologies in the dual-carbon industry chain, promoting a virtuous cycle of technology, industry, and finance [5]. - As of September 2025, the company has accumulated a reserve of 432 enterprises within the Huaneng industrial chain and has invited 40 enterprises to join the port, facilitating multiple industrial-financial cooperation projects [5][6]. Group 5: Commitment to National Strategy - The company is committed to aligning its operations with national strategic needs, focusing on the political and public nature of financial work, and continuously enhancing its comprehensive financial services for innovative enterprises [6].

Market Overview - The market indices experienced significant gains, with the Shanghai Composite Index, Shenzhen Component Index, and ChiNext Index rising by 0.71%, 2.02%, and 3.57% respectively, and over 3,000 stocks rising while more than 2,200 stocks fell [4] - The trading volume approached 2 trillion yuan, indicating increased market activity [4] - The Shanghai Composite Index reached a new high for the year, while the ChiNext Index also returned to near its yearly high [5] Storage Sector - The storage sector opened strongly, with several stocks hitting the daily limit, including Xianggang Technology, Dwei Co., and Purun Co., among others [8] - The flash memory and DRAM sectors saw increases of 8.25% and 7.92% respectively, driven by price hikes from major companies like Samsung and SK Hynix, which raised prices by up to 30% [8] - The surge in the storage sector was also influenced by a significant rise in U.S. storage stocks, particularly SanDisk, which increased by over 13.6% [8] Financial Sector - The financial sector initially lagged behind the market, with no mentions in the recent five-year plan, leading to a perception of underperformance [12] - However, after a statement from a senior financial official emphasizing the importance of high-quality financial development, the sector saw a rebound, with brokerage stocks gaining 0.85% by the end of the day [12] Technology and Robotics - Jinfutech experienced a sharp rise after announcing a collaboration with Shanghai Hanzhi Information Technology and receiving a manufacturing order for humanoid robots [16] - This marked a significant advancement in the company's involvement in the robotics sector, moving beyond mere partnerships to actual manufacturing contracts [16]

Market Overview - On October 24, the securities sector rose by 0.87%, with Guosheng Jinkong leading the gains. The Shanghai Composite Index closed at 3950.31, up 0.71%, while the Shenzhen Component Index closed at 13289.18, up 2.02% [1]. Individual Stock Performance - The top-performing stocks included: - Tusheng Jinkong (002670) with a closing price of 22.75, up 4.79% and a trading volume of 1.2857 million shares, totaling 2.901 billion yuan in transaction value [1]. - Changcheng Securities (002939) closed at 11.68, up 3.09%, with a trading volume of 932,800 shares, amounting to 1.077 billion yuan [1]. - Huayin Securities (002945) closed at 16.68, up 1.96%, with a trading volume of 158,000 shares, totaling 261 million yuan [1]. Fund Flow Analysis - The securities sector saw a net inflow of 999.5 million yuan from institutional investors, while retail investors experienced a net outflow of 647 million yuan [2]. - Notable net inflows from major stocks included: - Dongfang Caifu (300059) with a net inflow of 595 million yuan, representing 6.48% of its trading volume [3]. - Huatai Securities (601688) with a net inflow of 15.9 million yuan, accounting for 8.80% of its trading volume [3]. Summary of Trading Data - The trading data for various securities showed mixed results, with some stocks experiencing declines, such as Guoxin Securities (002736) which closed at 14.07, down 0.85% [2]. - The overall trading volume and transaction values indicated active trading within the sector, with significant participation from both institutional and retail investors [2][3].

Market Overview - On October 23, the securities sector rose by 1.06%, with Haotou Co., Ltd. leading the gains [1] - The Shanghai Composite Index closed at 3922.41, up 0.22%, while the Shenzhen Component Index closed at 13025.45, also up 0.22% [1] Individual Stock Performance - Haotou Co., Ltd. (600864) closed at 8.03, up 6.22% with a trading volume of 1.66 million shares and a transaction value of 1.299 billion [1] - Other notable performers included: - Tuxin Securities (002736) at 14.19, up 4.11% [1] - Guosheng Financial Holdings (002670) at 21.71, up 2.99% [1] - Huaxin Co., Ltd. (600621) at 16.61, up 2.40% [1] Capital Flow Analysis - The securities sector saw a net inflow of 358 million in institutional funds, while retail investors experienced a net outflow of 618 million [2] - Major stocks with significant capital inflows included: - Dongfang Fortune (300059) with a net inflow of 325 million [3] - Haotou Co., Ltd. (600864) with a net inflow of 16.6 million [3] - CITIC Securities (600030) with a net inflow of 13.8 million [3] Summary of Trading Data - The trading data for various securities showed mixed results, with some stocks experiencing gains while others faced declines [2][3] - The overall trading environment indicates a cautious sentiment among retail investors, contrasting with institutional buying activity [2][3]