“叫板”银行股，74亿元扫货“先锋队”！半年净利增速超10倍券商加速“奔来”

Core Viewpoint - The banking sector has recently supported the Shanghai Composite Index to surpass 3500 points, but as the four major banks' stock prices have retreated, brokerage stocks have emerged as the new leaders in the market rally, attracting significant capital inflows [1][2]. Group 1: Market Performance - From July 7 to July 11, the securities industry saw a net capital inflow of 7.449 billion yuan, ranking first among industries, with a 5.73% increase [1]. - All stocks in the brokerage sector experienced gains, with Zhongyin Securities leading with a 22.56% increase, followed by Hatou Shares at 16.38%, and Zhongyuan Securities at 12.86% [1]. - On July 11, the A-share market continued to rise, with the Shanghai Composite Index reaching 3550 points, driven by the brokerage sector, which saw a peak increase of over 4% during the day [2]. Group 2: Earnings Forecasts - Several brokerage firms have reported significant expected earnings growth for the first half of 2025, with Huaxi Securities and Guolian Minsheng leading with over 10-fold increases in net profit [4]. - Huaxi Securities anticipates a net profit of 445 million to 575 million yuan, representing a year-on-year growth of 1025.19% to 1353.9% [5]. - Guolian Minsheng expects a net profit of approximately 1.129 billion yuan, an increase of around 1183% compared to the previous year [5]. Group 3: Factors Influencing Growth - The surge in new A-share accounts, particularly among individual investors, is expected to attract more capital from savings and real estate into the stock market, benefiting the securities industry [1]. - Analysts note that the recent approval of a comprehensive license for Guotai Junan International to provide virtual asset trading services has catalyzed interest in the brokerage sector [3]. - The overall market environment, including the recovery of the capital market and the implementation of stable market measures, is anticipated to enhance the performance and valuation of the securities sector [9].