剑南春25年来首次减持华西证券，或套现2.5亿元

Core Viewpoint - Sichuan Jian'nanchun plans to reduce its stake in Huaxi Securities for the first time in 25 years, citing liquidity needs, which will decrease its shareholding from 6.79% to 5.79% [4][5]. Group 1: Shareholding Changes - Sichuan Jian'nanchun intends to reduce its holdings by up to 26.25 million shares, representing no more than 1% of Huaxi Securities' total share capital [2][4]. - As of September 25, Huaxi Securities' stock price was 9.53 yuan per share, meaning Jian'nanchun's potential cash-out from the reduction could be approximately 250 million yuan [4]. - After the reduction, Jian'nanchun will remain the fourth largest shareholder of Huaxi Securities [5]. Group 2: Financial Performance - Huaxi Securities reported a significant increase in performance for the first half of the year, with operating income reaching 2.073 billion yuan, a year-on-year increase of 46.72% [5]. - The net profit attributable to shareholders was 512 million yuan, showing a remarkable year-on-year growth of 1195.02% [5]. - The brokerage and wealth management business accounted for over half of the revenue, generating 1.139 billion yuan, up 35.25% from the previous year [5]. Group 3: Shareholder Composition - The top three shareholders of Huaxi Securities are Luzhou Laojiao Group, Huaneng Capital, and Luzhou Laojiao Co., holding 18.13%, 11.34%, and 10.39% respectively, totaling nearly 40% of the shares [5]. - Since its listing in 2018, these major shareholders have not reduced their stakes [5]. Group 4: Broader Industry Context - Several securities firms have recently announced shareholder reductions, often citing business development needs or liquidity requirements [6][8]. - The trend indicates that these reductions are more related to individual shareholder financial strategies rather than negative outlooks on the firms' fundamentals [8].