证券代码：300059 证券简称：东方财富 公告编号：2025-066 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假记载、误 导性陈述或重大遗漏。 东方财富信息股份有限公司 关于子公司东方财富证券股份有限公司 2025 年度第二期 短期融资券兑付完成的公告 特此公告。 东方财富信息股份有限公司董事会 二〇二五年九月十三日 东方财富信息股份有限公司（以下简称"公司"）子公司东方财富证券股份 有限公司（以下简称"东方财富证券"）于 2025 年 3 月 14 日成功发行了东方财 富证券股份有限公司 2025 年度第二期短期融资券（以下简称"25 东财证券 CP002"），发行金额为人民币 30 亿元，票面利率为 2.02%，期限为 179 天，兑付 日期为 2025 年 9 月 12 日。详情见公司于 2025 年 3 月 18 日在深圳证券交易所网 站和符合中国证监会规定条件的信息披露媒体披露的相关公告。 2025 年 9 月 12 日，东方财富证券完成了 25 东财证券 CP002 的本息兑付工 作。 ...

证券代码：300059 证券简称：东方财富 公告编号：2025-065 东方财富信息股份有限公司关于子公司 东方财富证券股份有限公司 2023 年面向专业投资者非公开发行 东方财富信息股份有限公司董事会 二〇二五年九月十三日 公司债券（第四期）本息兑付暨摘牌的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假记载、误 导性陈述或重大遗漏。 2023 年 9 月，东方财富信息股份有限公司（以下简称"公司"）子公司东方 财富证券股份有限公司面向专业投资者非公开发行公司债券（第四期），债券简 称：23 东财 04，债券代码：133660.SZ，本次发行规模为人民币 20 亿元，发行 价格为人民币 100 元/张，起息日为 2023 年 9 月 12 日，兑付日为 2025 年 9 月 12 日，债券期限为 2 年，每年付息一次，债券票面利率为 3.10%。详情见公司于 2023 年 9 月 13 日在深圳证券交易所网站和符合中国证监会规定条件的信息披露媒体 披露的相关公告。 2025 年 9 月 12 日，"23 东财 04"债券本金及 2024 年 9 月 12 日至 2025 年 9 月 ...

Group 1 - Main funds in the market experienced a net outflow of 37.278 billion yuan on September 12, with the ChiNext board seeing a net outflow of 18.948 billion yuan and the CSI 300 index stocks a net outflow of 18.506 billion yuan [1] - Among the 9 industries that received net inflows, the non-ferrous metals industry led with a net inflow of 1.599 billion yuan, followed by the pharmaceutical and biological industry with 565 million yuan [1] - The electronic industry faced the largest net outflow, amounting to 7.716 billion yuan, while the computer sector saw a net outflow of 5.367 billion yuan [1] Group 2 - The automotive parts stock, Shanzi Gaoke, saw a net inflow of 1.105 billion yuan, ranking first among individual stocks, with a trading volume of 5.279 billion yuan and a turnover rate of 20.5% [2] - The stock of Wolong Electric Drive in the electric motor sector hit the daily limit with a net inflow of 837 million yuan, marking the highest net inflow since March 26, 2025 [3] - The precious metals concept stock, Hunan Silver, experienced a net inflow of 549 million yuan, with its stock price also hitting the daily limit [3] Group 3 - The consumer electronics stock, Luxshare Precision, had the largest net outflow of 2.51 billion yuan, with its stock price declining by 0.36% [5] - Other notable stocks with significant net outflows included XianDao Intelligent and New Yi Sheng, each with outflows exceeding 1.2 billion yuan [5][6] - A total of 34 stocks saw net outflows exceeding 600 million yuan, with 15 stocks experiencing outflows over 1 billion yuan [9]

Group 1 - The core viewpoint indicates that the securities sector is experiencing a decline, with major stocks like Dongfang Securities and Guotai Haitong leading the drop, while the Securities ETF is seeing significant net inflows [1][2] - The market has shown a collective downturn, with the three major indices closing lower and a trading volume of 2.52 trillion yuan, which is an increase of 832 billion yuan compared to the previous trading day [1] - East China Securities suggests that the reduction in sales service fees and the differentiated commission structure will promote long-term investment behaviors, positively impacting the growth of brokerage businesses [1] Group 2 - The Securities ETF closely tracks the Guozheng Securities Leader Index, reflecting the performance of quality listed companies in the securities theme within the Shanghai and Shenzhen markets [2] - As of August 29, 2025, the top ten weighted stocks in the Guozheng Securities Leader Index account for 79.16% of the index, with Dongfang Wealth and CITIC Securities being the top two [2]

Core Viewpoint - The A-share market is experiencing fluctuations, with the brokerage sector showing mixed performance, but overall, there are positive indicators for the sector's growth potential due to increased trading activity and favorable policies [1][3]. Group 1: Market Performance - On September 12, the A-share market showed volatility, with the Shanghai Composite Index reaching a new high during the session [1]. - The brokerage sector, which had a strong performance previously, saw a slight pullback, with individual stocks like China Merchants Securities rising by 2.76% [1]. - The brokerage ETF (512000) experienced a price drop of over 1% at one point but showed resilience with a real-time transaction volume of 8.76 billion yuan [1]. Group 2: Sector Analysis - Analysts suggest that the brokerage sector may benefit from a combination of favorable capital, policy, and fundamental factors, leading to potential performance improvements [3]. - Open-source Securities highlighted that the brokerage sector's valuation remains low, with institutional holdings being relatively low, indicating potential for growth driven by trading volume and policy catalysts [3]. - Dongwu Securities noted that the non-bank financial sector has a low average valuation, providing a safety margin, and the transformation within the brokerage industry could lead to new growth opportunities [3]. Group 3: ETF Insights - The brokerage ETF (512000) has surpassed 33.6 billion yuan in size, setting a new historical high, with an average daily trading volume of 9.57 billion yuan this year [5]. - The ETF passively tracks the CSI All Share Securities Company Index, encompassing 49 listed brokerage stocks, with nearly 60% of its holdings concentrated in the top ten leading brokerages [5]. - The ETF serves as an efficient investment tool, balancing investments in leading brokerages while also considering the high growth potential of smaller brokerages [5].

Market Performance - The Shanghai Composite Index rose by 1.65% to close at 3875.31 points, with an intraday high of 3875.31 points [1] - The Shenzhen Component Index increased by 3.36% to close at 12979.89 points, reaching a maximum of 12979.89 points during the day [1] - The ChiNext Index saw a rise of 5.15%, closing at 3053.75 points, with an intraday peak of 3053.75 points [1] Margin Trading Data - The total margin trading balance in the Shanghai and Shenzhen markets was 23326.59 billion yuan, with a financing balance of 23159.16 billion yuan and a securities lending balance of 167.43 billion yuan [1] - The margin trading balance increased by 147.61 billion yuan compared to the previous trading day [1] - The Shanghai market's margin trading balance was 11879.66 billion yuan, up by 32.94 billion yuan from the previous day, while the Shenzhen market's balance was 11446.93 billion yuan, increasing by 114.67 billion yuan [1] Top Margin Buying Stocks - A total of 3447 stocks had margin buying, with the top three being: - Shenghong Technology (胜宏科技) with a margin buying amount of 65.21 billion yuan [2] - Zhongji Xuchuang (中际旭创) with 48.24 billion yuan [2] - Xinyi Sheng (新易盛) with 46.75 billion yuan [2] New Fund Issuances - Four new funds were launched yesterday, including: - E Fund National Index Value 100 ETF Link Initiated A [3] - Donghai Qiheng Mixed Initiated A [3] - Donghai Qiheng Mixed Initiated C [3] - E Fund National Index Value 100 ETF Link Initiated C [3] Top Net Buying on Dragon and Tiger List - The top 10 net buying amounts on the Dragon and Tiger list were: - Luxshare Precision (立讯精密) with a net buying amount of 68725.39 million yuan [4] - Walden Nuclear Materials (沃尔核材) with 63579.06 million yuan [4] - Shannon Chip Creation (香农芯创) with 40183.27 million yuan [4] - Shanghai Electric Power (上海电力) with 32135.71 million yuan [4] - Dongshan Precision (东山精密) with 29324.87 million yuan [4]

Core Viewpoint - The securities brokerage sector is experiencing a recovery, with significant increases in trading volume, mergers and acquisitions, and a strong performance of the broker ETF, indicating a positive outlook for the industry [1][2][3]. Group 1: Market Performance - As of September 11, 2025, the broker ETF has seen a net value increase of 58.74% over the past year [2]. - The broker ETF's latest scale reached 33.63 billion, marking a new high since its inception and ranking second among comparable funds [1]. - The broker ETF has recorded continuous net inflows over the past 11 days, totaling 3.78 billion, with an average daily net inflow of 343 million [1]. Group 2: Mergers and Acquisitions - The China Securities Regulatory Commission has issued guidelines to strengthen the regulation of securities companies and public funds, aiming to establish 2 to 3 internationally competitive investment banks by 2035 [2]. - The pace of mergers and acquisitions among brokerages has accelerated, with notable combinations such as Guotai Junan + Haitong Securities and others currently in progress [2]. Group 3: Industry Trends - The overall equity market has shown a steady upward trend since the beginning of the year, with increased trading activity and recovery in key indicators such as transaction volume and margin financing balance [3]. - Regulatory support for industry consolidation is expected to enhance overall competitiveness and optimize resource allocation within the sector [3].

个股方面，胜宏科技成交额居首，为291亿元。其次是中际旭创、新易盛、寒武纪-U，成交额分别为 278亿元、277亿元、260亿元。 | 序号 代码 | | 名称 | O | 最新 | 涨幅% 成交额 ↓ | | | --- | --- | --- | --- | --- | --- | --- | | 1 | 300476 | 胜宏科技 | t | 338.00 | 16.28 | 291亿 | | 2 | 300308 | 中际旭创 | t | 439.97 | 14.28 | 278亿 | | 3 | 300502 | 新易盛 | 4 | 379.90 | 13.42 | 277 亿 | | 4 | 688256 | 寒武纪-U | t | 1387.00 | 8.96 | 260亿 | | 5 | 300059 | 东方财富 | | 27.27 | 4.12 | 189亿 | | 6 | 300274 | 阳光电源 | t | 137.34 | 7.05 | 176亿 | | 1 | 688041 | 海光信息 | t | 220.84 | 20.00 | 160亿 | | 8 | 688981 | 中 ...

Core Viewpoint - The A-share market is experiencing a significant rally, with the Shanghai Composite Index rising over 1.6% and trading volume exceeding 2.3 trillion yuan, marking 22 consecutive days of trading volume above 2 trillion yuan since August 13 [1][5]. Group 1: Market Performance - The leading Securities ETF (560090) has seen a 2.84% increase, with trading volume surging to 220 million yuan, accumulating over 380 million yuan in inflows over the past nine days [1][3]. - Major components of the Securities ETF index have all risen, with Dongfang Caifu increasing nearly 4% and trading volume surpassing 10 billion yuan [3][4]. Group 2: Regulatory Developments - The release of the draft regulations on public fund sales fees is a significant move by the China Securities Regulatory Commission (CSRC) aimed at promoting high-quality development in the public fund industry and protecting investor rights [5]. - According to Zhongtai Securities, the new sales fee regulations are favorable for the long-term steady development of the industry, maintaining the current commission payment ratios, which is better than market expectations [5]. Group 3: Liquidity and Investment Trends - Western Securities indicates that various funds are entering the market, with insurance companies increasing their stock allocation, and public fund issuance/net subscriptions showing signs of recovery [6]. - The ongoing trend of "deposit migration" among residents is just beginning, with a notable increase in net subscriptions to actively managed equity funds and a rise in new individual investor accounts [6][7]. - The capital market's total market value to residents' deposits ratio remains low at 0.59, suggesting significant room for growth as residents seek better returns in the stock market [6]. Group 4: Broker Sector Outlook - The broker sector is positioned for further gains, with a 74% increase in broker stocks from July 10 to August 31, driven by increased trading volume from resident funds [8]. - Historical data shows that significant increases in the A-share liquidity index coincide with broker stock performance, indicating potential for further upside as liquidity improves [7][8].

Core Viewpoint - The financial technology and brokerage sectors have seen significant gains, driven by a strong performance in the technology sector, with notable increases in related ETFs and stocks [1][2]. Group 1: Financial Technology Sector Performance - The Huaxia Financial Technology ETF (516100) closed up 4.38%, marking two consecutive days of strong performance, with holdings like Xinghuan Technology-U rising over 17% and Ronglian Technology hitting the daily limit [1]. - Other leading stocks in the financial technology sector include Zhinan Zhen, Yinzhijie, which both rose over 8%, along with Wealth Trend, New Morning Technology, and Electronic Science Digital [1]. - The brokerage ETF fund (515010) also experienced a significant increase of 3.23% [1]. Group 2: Regulatory Developments - The China Securities Association has implemented a new evaluation method focusing on five key areas: technology finance, green finance, inclusive finance, pension finance, and digital finance, effective immediately [1][2]. - The quantitative evaluation indicators emphasize the contributions and capabilities of securities firms in technology finance, reflecting the regulatory focus on this sector [2]. Group 3: Industry Insights - The technology finance indicators carry a total score of 50 points, highlighting the regulatory emphasis on the technology sector [2]. - A senior executive from a brokerage firm indicated that to excel in industry rankings, firms must enhance their focus on technology finance, making it a core priority for future operations [2]. - East Wu Securities noted that with policy support and economic stabilization, the demand for digital transformation in brokerages is accelerating, suggesting a positive outlook for the financial technology market [3].