本报记者 周尚伃 见习记者 于宏 作为重要的"市场风向标"之一，券商营业部龙虎榜的交易动向和排名情况一直备受市场关注。今年前5 个月，券商营业部龙虎榜位次变动较大，尤其是龙虎榜成交额前100名券商营业部（以下简称"百强营业 部"），与去年末相比，有39家新晋营业部。 值得一提的是，作为今年以来龙虎榜的一大看点，券商以分公司引领区域业务发展的战略成效有所显 现。 头部券商仍占主导地位 东方财富Choice数据显示，今年前5个月，共有5169家券商营业部合计登上龙虎榜5.38万次（除去机构 专用、深股通及沪股通专用席位），合计成交金额达1.18万亿元，其中，百强营业部成交金额合计 8060.02亿元，占比68.29%。 从整体榜单来看，综合实力雄厚的头部券商旗下营业部依然占据主导地位。除上述5个东方财富证券旗 下营业部外，榜单前十名席位还包括中金公司上海分公司、国泰海通总部、中信证券上海分公司、开源 证券西安西大街证券营业部、国泰海通上海浦东新区海阳西路证券营业部，分别位列第5名、第6名、第 7名、第8名、第10名。从成交额来看，龙虎榜前十名营业部今年前5个月的成交金额均超过210亿元。 纵观百强营业部，国泰海通 ...

Mergers and Acquisitions - Cixing Co., Ltd. plans to acquire 75% of Shenyang Shunyi Technology Co., Ltd. through a combination of issuing shares and cash payments, while also raising supporting funds from no more than 35 qualified investors [1] - United Optoelectronics intends to purchase 100% of Changyi Optoelectronics from 12 shareholders via share issuance and will also raise supporting funds [2] - Inte Group's subsidiary, Inte Pharmaceutical, successfully acquired 100% equity of Zhejiang Huadong Pharmaceutical Group Co., Ltd. for 369 million yuan and signed a transaction contract with the transferor [3] Shareholding Changes - Guokang Biochemical announced that shareholders plan to collectively reduce their holdings by no more than 6% of the company's total shares, with specific plans from two major shareholders to reduce by 3% each [4] - Ruilian New Materials reported that a major shareholder, Guofu Yongyu, plans to reduce its holdings by up to 3.33%, equivalent to 573,110 shares [5] - Hongxin Technology disclosed that two major shareholders, Baiqiang and Taizhou Qixin, plan to reduce their holdings by 2.62% and 2.12% respectively [6] Risk Matters - Sinovac Biotech highlighted the high-tech, high-risk, and high-value characteristics of its innovative drugs, emphasizing the uncertainties involved in the research and approval processes [7] - Zhongheng Design noted that the revenue from its low-altitude economy and commercial aerospace projects is minimal compared to its consolidated financial statements, despite winning several contracts in these sectors [8] Restructuring - *ST Xinyan announced that it received a notice from a creditor applying for the company's restructuring and pre-restructuring procedures [10]

Financial Performance Summary - In 2024, the total revenue of Xiangying Technology reached 873 million yuan, representing a year-on-year increase of 27.95% [1][2] - The net profit attributable to shareholders decreased to 8.06 million yuan, down 61.06% compared to the previous year [1][2] - The net profit after deducting non-recurring gains and losses was 2.10 million yuan, a decline of 88.21% year-on-year [1][2] - The net cash flow from operating activities was 27.53 million yuan, showing a slight increase of 4.02% [1][2] Quarterly Performance Overview - In Q1 2025, the total revenue was 16.66 million yuan, a decrease of 3.40% year-on-year [3] - The net profit attributable to shareholders surged to 4.97 million yuan, an increase of 689.47% compared to the same period last year [3] - The net profit after deducting non-recurring gains and losses was 500.51 thousand yuan, recovering from a loss of 2.38 million yuan in the previous year [3] - The net cash flow from operating activities reached 11.49 million yuan, up 41.98% year-on-year [3] Asset and Equity Status - As of the end of 2024, total assets amounted to 1.36 billion yuan, an increase of 10.11% from the previous year [2] - The net assets attributable to shareholders were 843.64 million yuan, a slight decrease of 1.01% [2] - By the end of Q1 2025, total assets decreased to 1.16 billion yuan, down 14.35% from the end of 2024 [3] IPO and Fundraising Information - Xiangying Technology raised a total of 643 million yuan during its IPO, with a net amount of 583 million yuan after deducting issuance costs [4] - The company initially planned to raise 350 million yuan, but the final net amount exceeded the original plan by 232 million yuan [4] - The funds raised are intended for expansion projects and working capital [4] Convertible Bond Issuance - On September 10, 2024, Xiangying Technology announced plans to issue convertible bonds with a total amount not exceeding 270 million yuan [5] - The proceeds from the bond issuance will be allocated to the construction of a production base in Vietnam, a research and development center, and to supplement working capital [5]

Core Insights - The digital transformation in wealth management is centered around brokers enhancing their app platforms to create a new online service ecosystem [1][4] - In April, the total active users of securities apps reached 167 million, marking a year-on-year increase of 14.29% [2][4] - The trend of upgrading app functionalities, particularly through AI technologies, is becoming a focal point for brokers [3][4] Group 1: Market Activity - The A-share market has seen increased activity, with 9.4 million new accounts opened in the first four months of the year, a year-on-year growth of 31.51% [2] - In April, 11 brokers had apps with over 5 million monthly active users, with Huatai Securities' "Zhangle Wealth" leading at 11.22 million [2][4] - Despite a slight month-on-month decline of 2.7% in active users, the year-on-year growth remains strong [2] Group 2: Technological Advancements - Brokers are focusing on integrating AI and other advanced technologies into their app functionalities to enhance service quality and efficiency [3][4] - Recent updates to apps include features like intelligent investment tools, market tracking, and ETF investment options [3] - The use of AI models is seen as essential for brokers to meet diverse investor needs and improve resource allocation efficiency [4] Group 3: Competitive Landscape - The competition among brokers is intensifying, with a need to differentiate through unique features and services [5] - Brokers are encouraged to leverage user behavior data and AI algorithms to create customized investment solutions [5] - Future developments in broker apps are expected to focus on smart, scenario-based, and diversified services to enhance user engagement [5]

Investment Rating - The report maintains an "Overweight" rating for the securities industry [1] Core Insights - The report emphasizes the importance of a "sustained, stable, and active capital market" as a key driver for market sentiment and growth [6][7] - It highlights the significant growth in the securities industry, particularly in brokerage and proprietary trading, with a notable increase in revenue and net profit for listed brokers in Q1 2025 [36][37] Summary by Sections 1. Policy Interpretation on "Sustained, Stable, and Active Capital Market" - The report discusses recent policy measures aimed at stabilizing and invigorating the capital market, including support for long-term capital inflows and the promotion of new regulatory frameworks [8][7] - It outlines specific actions from the China Securities Regulatory Commission (CSRC) to enhance market liquidity and investor confidence [8] 2. Securities Industry Q1 2025 Performance Overview and Outlook - In Q1 2025, 42 listed brokers achieved revenues of CNY 125.93 billion, a year-on-year increase of 19%, and a net profit of CNY 52.18 billion, up 77.8% [37][38] - The fastest-growing segments were proprietary trading (up 45.5%) and brokerage services (up 43.2%), while investment banking and asset management saw slight declines [36][37] - The report notes that the average return on equity (ROE) for listed brokers improved to 8.05%, reflecting enhanced profitability across the sector [47][46] 3. Investment Recommendations - The report suggests that the ongoing reforms and market conditions present favorable investment opportunities within the securities sector, particularly in brokerage and proprietary trading [36][37] - It identifies potential benefits for underweighted sectors, indicating a shift in investment strategies towards areas with lower current allocations [15]

证券代码：002945 证券简称：华林证券 公告编号：2025-026 华林证券股份有限公司（简称"公司"）第三届董事会、监事会 将于 2025 年 5 月 16 日任期届满。鉴于公司董事会、监事会换届工作 尚在筹备中，为保持董事会、监事会工作的连续性，公司第三届董事 会、监事会需要延期换届选举，公司第三届董事会专门委员会、独立 董事专门会议和高级管理人员的任期亦相应顺延。 在换届选举工作完成之前，公司第三届董事会、监事会全体成员 及高级管理人员将根据相关法律法规和《公司章程》的有关规定继续 履行相应职责。 公司董事会、监事会延期换届不会影响公司的正常运营。公司将 尽快完成董事会、监事会换届选举工作，并及时履行相应的信息披露 义务。 特此公告。 华林证券股份有限公司董事会 华林证券股份有限公司 关于董事会、监事会延期换届选举的提示性公告 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。 二〇二五年五月十五日 1 ...

中荣股份于2022年10月26日在深交所创业板上市，公开发行股票4,830.00万股，发行价格为26.28元/ 股。中荣股份发行的保荐机构(主承销商)为华林证券（002945）股份有限公司，保荐代表人为陈坚、韩 志强。 上市首日，中荣股份盘中最高报25.28元，创上市以来股价最高点。目前该股处于破发状态。 中国经济网北京5月14日讯中荣股份（301223）(301223.SZ)昨日发布了关于实际控制人、董事长兼总经 理被监视居住的公告。 中荣股份发行募集资金总额为126,932.40万元，扣除发行费用后，募集资金净额为117,827.06万元。中荣 股份最终募集资金净额比原计划多28570.11万元。中荣股份2022年10月17日披露的招股书显示，公司拟 募集资金89,256.95万元，计划用于产能扩建项目、仓库建设项目(昆山)、管理信息系统升级项目(中 山)、偿还银行贷款和补充流动资金。 据中荣股份公告，公司于近日收到公司实际控制人、董事长兼总经理黄焕然家属的通知，黄焕然被中山 市公安局指定居所监视居住。 中荣股份在公告中称，目前，公司已对相关工作进行了妥善安排，除黄焕然外公司其他董事、监事和高 级管理人员 ...

21世纪经济报道记者 黎雨辰 北京报道 鹏华基金指数与量化投资部总经理苏俊杰，将聚焦指数投资实战，分享关税冲击后高波市场中的ETF投 资策略，为机构投资者运用工具提升投资效能打开思路。 相聚资本总经理梁辉，将结合对2025年中美经济路径的推演和细分行业的观察，分享当前成长股投资中 的机会与挑战。 继首场"财富·中国行"战略峰会在沪掀起思想风暴、收获行业热烈反响后，5月13日，由21世纪经济报道 主办、鹏华基金战略支持的"财富·中国行"活动"共话共启·机构视野·投资新局——全球秩序裂变与机构 资产配置研讨会"北京站也将正式启幕。 站在初夏的时点回望，资本市场的脉搏正与全球政治经济格局的演变同频共振。开年以来，全球供应链 重构的浪潮叠加大国博弈升级，资本市场的波动率中枢持续上移。但与此同时，一揽子支持稳市场、稳 预期的金融政策，也正以前所未有的密度和力度释放暖意。 此次研讨会汇聚了40余位来自私募、公募、券商、保险、智库及媒体行业代表。与会嘉宾将聚焦全球秩 序重构下的投资变局，通过主旨演讲与圆桌对话，共同探讨如何把握政策红利、优化资产配置以及践行 责任投资。 在稳定股市方面，央行坚定支持汇金公司增持股票市场指数基 ...

证券代码：002945 证券简称：华林证券 公告编号：2025-025 华林证券股份有限公司 2024 年度权益分派实施公告 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。 华林证券股份有限公司（以下简称"公司"）2024 年度分红派息方 案，已于 2025 年 4 月 25 日经公司 2024 年年度股东大会审议通过， 现将分红派息事宜公告如下： 一、股东大会审议通过的 2024 年度利润分配方案情况 1、公司于 2025 年 4 月 25 日召开的 2024 年年度股东大会审议通 过了《公司 2024 年度利润分配预案》，方案为：以现有总股本 2,700,000,000 股为基数，向全体股东每 10 股派发现金红利 0.40 元（含 税），实际分配现金红利为 108,000,000.00 元，不送红股，不以资本 公积转增股本。 2、自 2024 年利润分配方案披露至实施期间，公司股本总额未发 生变化。 3、本次实施的分配方案与公司股东大会审议通过的分配方案一 致。 1 5、本次分派方案的原则是分配总额固定。 二、本次实施的 2024 年度利润分配方案 ...

Core Viewpoint - The 2024 annual reports of A-share listed securities firms have been fully disclosed, revealing significant variances in net profit growth among firms, with some experiencing substantial increases while others faced declines [1][2]. Summary by Category Net Profit Growth Leaders - The top ten securities firms by net profit growth in 2024 include: - Huayin Securities: Net profit of 0.353 billion yuan, up 1014.54% from 0.032 billion yuan in 2023 - Hongta Securities: Net profit of 0.762 billion yuan, up 166.83% - First Capital: Net profit of 0.963 billion yuan, up 148.57% - Dongxing Securities: Net profit of 1.551 billion yuan, up 88.71% - Huaxi Securities: Net profit of 0.727 billion yuan, up 72.93% - Nanjing Securities: Net profit of 1.009 billion yuan, up 47.70% - Shouguang Securities: Net profit of 0.985 billion yuan, up 40.51% - Guotai Junan: Net profit of 13.549 billion yuan, up 37.06% - GF Securities: Net profit of 10.545 billion yuan, up 34.11% - Northeast Securities: Net profit of 0.928 billion yuan, up 33.39% [4]. Net Profit Decline Leaders - The ten securities firms with the largest declines in net profit in 2024 include: - Tianfeng Securities: Net profit of -0.030 billion yuan, down 109.67% - Zhongtai Securities: Net profit of 0.0937 billion yuan, down 47.92% - Guolian Minsheng: Net profit of 0.0397 billion yuan, down 40.80% - Everbright Securities: Net profit of 0.306 billion yuan, down 28.39% - Pacific Securities: Net profit of 0.022 billion yuan, down 12.37% - Cinda Securities: Net profit of 0.1415 billion yuan, down 8.29% - Zhongjin Company: Net profit of 0.5674 billion yuan, down 7.94% - Guojin Securities: Net profit of 0.1678 billion yuan, down 3.85% - Fangzheng Securities: Net profit of 0.2167 billion yuan, down 3.61% [5]. Financial Performance Highlights - Huayin Securities reported a total operating income of 1.435 billion yuan in 2024, a 41.35% increase from 1.015 billion yuan in 2023, with a net profit of 0.353 billion yuan, reflecting a significant growth [2][3]. - Zhongtai Securities reported an operating income of 10.891 billion yuan in 2024, a decrease of 14.66% from 12.762 billion yuan in 2023, with a net profit of 0.937 billion yuan, down 47.92% [2][3].