8月“新股民”，数据出炉！

Core Insights - The A-share market has seen a significant increase in new account openings, with August 2025 recording 2.6503 million new accounts, a 34.97% month-on-month increase and a 165.21% year-on-year increase [1][2][4] - The overall performance of the brokerage industry has improved, with total revenue for the first half of 2025 reaching 251.036 billion yuan, a 23.47% increase year-on-year, and net profit reaching 112.280 billion yuan, a 40.37% increase year-on-year [1][5][7] New Account Opening Data - In August 2025, individual investors accounted for the vast majority of new accounts, totaling approximately 2.6403 million, while institutional investors accounted for about 10,000 accounts [2] - The total number of new accounts opened in the first eight months of 2025 reached 17.2117 million, a 47.9% increase compared to the same period in 2024 [4] Brokerage Industry Performance - The brokerage industry has experienced widespread growth, with 85% of the 128 brokerages reporting profits in the first half of 2025 [1][5] - The brokerage sector's revenue structure remains stable, with proprietary trading being the largest source of income, followed by brokerage services, net interest income, investment banking, and asset management [7] Margin Trading and Financing - The margin trading balance has reached a historical high of 2.296991 trillion yuan, surpassing the previous peak of 2.2728 trillion yuan in June 2015 [5][6] - The influx of funds through margin trading has been a significant factor driving the market's upward momentum [6]