Group 1 - The core viewpoint of the news is that Huayin Securities has shown a positive stock performance with a year-to-date increase of 14.55% and a recent market capitalization of 47.41 billion yuan [1] - As of January 23, Huayin Securities' stock price reached 17.56 yuan per share, with a trading volume of 1.64 billion yuan and a turnover rate of 0.35% [1] - The company has experienced a net inflow of main funds amounting to 20.12 million yuan, with significant buying and selling activities recorded [1] Group 2 - Huayin Securities, established on June 18, 1997, is located in Shenzhen, Guangdong Province, and was listed on January 17, 2019. Its main business includes securities brokerage, investment banking, credit services, asset management, and proprietary trading [2] - The revenue composition of Huayin Securities is as follows: wealth management business 60.28%, proprietary business 26.39%, other businesses 11.54%, investment banking 0.98%, and asset management 0.81% [2] - As of September 30, 2025, Huayin Securities reported a revenue of 1.20 billion yuan, reflecting a year-on-year growth of 18.08%, and a net profit attributable to shareholders of 440 million yuan, with a growth of 45.66% [2] Group 3 - Since its A-share listing, Huayin Securities has distributed a total of 891 million yuan in dividends, with 259 million yuan distributed over the past three years [3] - As of September 30, 2025, the number of shareholders of Huayin Securities was 52,800, a decrease of 5.46% from the previous period, while the average circulating shares per person increased by 5.78% to 51,138 shares [2][3] - The top ten circulating shareholders include notable entities such as Guotai Junan CSI All-Share Securities Company ETF and Hong Kong Central Clearing Limited, with varying changes in their holdings [3]

证券日报网讯 1月22日，华林证券在互动平台回答投资者提问时表示，公司严格遵守信息披露相关规 定，若达到应当披露业绩预告的情形，公司将在规定时间内履行信息披露义务。关于公司2025年的经营 情况，敬请关注公司届时披露的2025年年度报告。 （文章来源：证券日报） ...

Core Viewpoint - China Ocean Fund Management Co., Ltd. has announced the addition of Huajin Securities Co., Ltd. and Hualin Securities Co., Ltd. as sales agents for certain funds, effective January 21, 2026, allowing for fund conversion and regular investment services [1][5]. Group 1: Fund Sales and Services - Starting January 21, 2026, Huajin Securities will begin selling the following funds under a front-end fee model: - China Ocean Progressive Income Flexible Allocation Mixed Securities Investment Fund (Fund Code: 001252) - China Ocean Charm Yangtze River Delta Flexible Allocation Mixed Securities Investment Fund (Fund Code: 001864) [1] - Similarly, Hualin Securities will also start selling the same funds under the same fee model from the same date [5]. Group 2: Fund Conversion and Regular Investment - Fund conversion services will be available at Huajin Securities, with a minimum application amount of 1 share for each transaction [2] - Regular investment services will also be available at Huajin Securities, with a minimum deduction amount of 1 yuan per period [2] - Hualin Securities will offer the same fund conversion and regular investment services with identical minimum requirements [6] Group 3: Customer Service and Information - Investors can contact Huajin Securities at customer service number 956011 for inquiries [3] - For further details, investors can reach out to China Ocean Fund Management Co., Ltd. at 400-888-9788 or visit the company website at www.zhfund.com [3][6]

(责任编辑：徐自立) 中国经济网北京1月19日讯 华林证券(002945.SZ)今日股价收报17.47元，跌幅1.74%。 今日，证券板块跌0.01%，华林证券为该板块跌幅最大的上市公司。 ...

Market Overview - On January 19, the securities sector declined by 0.22%, with Huayin Securities leading the drop [1] - The Shanghai Composite Index closed at 4114.0, up 0.29%, while the Shenzhen Component Index closed at 14294.05, up 0.09% [1] Individual Stock Performance - Guolian Minsheng (601456) closed at 9.88, up 2.60% with a trading volume of 583,000 shares and a turnover of 577 million yuan [1] - Huayin Securities (002945) closed at 17.47, down 1.74% with a trading volume of 339,700 shares and a turnover of 594 million yuan [2] - Dongfang Caifu (300059) closed at 23.50, down 1.63% with a trading volume of 2,997,400 shares and a turnover of 7.065 billion yuan [2] Capital Flow Analysis - The securities sector experienced a net outflow of 1.866 billion yuan from institutional investors, while retail investors saw a net inflow of 1.136 billion yuan [2] - Major stocks like Guotai Junan (601211) had a net inflow of 118 million yuan from institutional investors, while retail investors had a net outflow of 66.72 million yuan [3] - The overall trend indicates a mixed sentiment among different investor types, with institutional investors pulling back while retail investors are more active [2][3]

Group 1 - The article discusses the recent developments in the investment banking sector, highlighting the increasing competition and the need for innovation to stay relevant in the market [1] - It emphasizes the importance of adapting to changing market conditions and client needs, suggesting that firms must enhance their digital capabilities to improve service delivery [1] - The report indicates a trend towards consolidation in the industry, with several firms considering mergers and acquisitions to strengthen their market position [1] Group 2 - The article notes that regulatory changes are impacting the investment banking landscape, requiring firms to adjust their compliance strategies [1] - It mentions the growing significance of environmental, social, and governance (ESG) factors in investment decisions, pushing banks to integrate these considerations into their offerings [1] - The report highlights the performance metrics of leading investment banks, showing a mixed outlook with some firms reporting increased revenues while others face challenges [1]

Market Overview - The securities sector experienced a decline of 0.84% on January 16, with Huayin Securities leading the drop [1] - The Shanghai Composite Index closed at 4101.91, down 0.26%, while the Shenzhen Component Index closed at 14281.08, down 0.18% [1] Individual Stock Performance - Jinlong Co., Ltd. (000712) saw an increase of 1.38% in its closing price at 12.48, with a trading volume of 219,900 shares and a transaction value of 275 million [1] - Huayin Securities (002945) reported a significant decline of 3.42%, closing at 17.78, with a trading volume of 493,300 shares and a transaction value of 893 million [2] - Other notable declines included Caizheng Securities (601108) down 2.04% and Xiangcai Co. (600095) down 1.91% [2] Capital Flow Analysis - The securities sector saw a net outflow of 1.591 billion in main funds, while retail investors contributed a net inflow of 580 million [2] - The main funds showed a significant net inflow in stocks like Zhaokang Le Yuan (601211) with 446 million, while Huatai Securities (601688) had a net inflow of 113 million [3] - Conversely, stocks like Huayin Securities (002945) and Guangfa Securities (000776) experienced notable net outflows from main funds [3]

Group 1 - The core viewpoint of the article highlights the decline in stock prices of Huayin Securities and Caitong Securities, with Huayin Securities closing at 17.78 yuan, down 3.42%, and Caitong Securities closing at 8.66 yuan, down 2.04% [1] - The securities sector experienced an overall decline of 0.66%, with Huayin Securities and Caitong Securities being the largest decliners within this sector [1]

Core Viewpoint - The investment banking business of Huayin Securities has been declining significantly, leading to a downgrade in its operational rating from B to C, with a notable drop in revenue contribution from investment banking activities. Group 1: Business Performance - Huayin Securities' investment banking revenue has decreased from 171 million yuan in 2022 to 17 million yuan in 2024, representing declines of 19.5%, 39.33%, and 83.77% year-on-year respectively [1] - In the first half of 2025, the investment banking revenue was 8 million yuan, accounting for only 0.98% of total revenue, compared to 12.22% and 10.21% in 2022 and 2023 respectively [1] - The company currently has 15 IPO and refinancing projects in queue, with most projects terminated and only one under review by the regulatory authority [1] Group 2: Business Transformation - Due to the downturn in IPO and refinancing activities, Huayin Securities is shifting its focus towards financial advisory services, particularly in mergers and acquisitions [2] - Since 2024, the only merger and acquisition activity the company has participated in as an independent financial advisor involved a management buyout related to a shareholder transfer [2] - The company aims to enhance its internal controls and operational standards to improve the quality of its investment banking services following regulatory penalties for inadequate due diligence [2] Group 3: Management Changes and Overall Performance - There have been significant changes in the management team, with multiple high-level executives resigning for personal reasons, including the former secretary of the board [3] - Despite the challenges in the investment banking sector, Huayin Securities reported a revenue increase to 1.2 billion yuan in the first three quarters of the previous year, marking an 18.08% year-on-year growth, and a net profit increase of 4.4 billion yuan, up 45.66% year-on-year [3]

Core Viewpoint - Huayin Securities is currently focused on deepening its existing business areas and enhancing its core competitiveness through organic growth and technological transformation, with no plans for merging with listed brokerages at this time [1] Group 1 - The company is committed to steady development in various business capabilities [1] - Any updates regarding mergers or acquisitions will be communicated through official announcements [1]