第一财经·2025-11-03 11:52Core Viewpoint - The A-share market experienced a significant upward trend in the first three quarters of the year, particularly in the third quarter, leading to a notable increase in the proprietary trading income of securities firms, which grew by 41% year-on-year [3][5]. Summary by Sections Proprietary Trading Income - In the first three quarters, 49 listed securities firms achieved a total proprietary trading income of 192.13 billion yuan, marking a year-on-year increase of 41.33% [5]. - CITIC Securities ranked first with a proprietary income of 31.60 billion yuan, up 45.88% year-on-year, while Guotai Junan ranked second with 20.37 billion yuan, up 90.11% [5][6]. - 40 out of 49 firms reported a year-on-year increase in proprietary income, with some firms like Changjiang Securities and Guolian Minsheng seeing increases exceeding 200% [6]. Heavy Holdings by Securities Firms - As of the end of the third quarter, 43 securities firms appeared among the top ten shareholders of 329 stocks, collectively holding 5.195 billion shares valued at 66.623 billion yuan [3][7]. - Huatai Securities had the highest number of heavy holdings at 50 stocks, followed by CITIC Securities with 39 and Guosen Securities with 36 [7]. New Entrances and Increases in Holdings - 31 securities firms entered the top ten shareholders of 193 new stocks, with Huatai Securities leading with 48 new entries [9]. - The market value of stocks held by securities firms exceeded 1 billion yuan for 32 stocks, with Guotai Junan holding the highest value in Postal Savings Bank at 727 million yuan [9]. Stock Performance - Several stocks saw significant price increases in the third quarter, with Tianpu Co., Haibo Technology, and Feiling Ge rising over 100% [9][10]. - Securities firms increased their holdings in 60 stocks, with notable increases in Inner Mongolia Huadian and Jialin Jie [11]. Reductions in Holdings - 59 stocks were reduced in holdings by securities firms, with Dongwu Securities reducing its stake in Zhongnan Media the most, decreasing by 16.91 million shares [11][12]. - Stocks like Jiadu Technology and Yingfang Micro also faced significant reductions despite their price increases in the third quarter [12].