上市公司2025年度业绩预告/快报陆续披露中。北京商报记者梳理公开信息统计，截至2月2日，已有26 只券商股及券商概念股报喜，预计2025年度归母净利润实现正收益且同比增长。具体来看，不仅有5家 机构预计归母净利润区间最大值超百亿元，还有多家机构同比增速翻倍，更有天风证券、锦龙股份同比 扭亏为盈。有业内人士预计，券商股在2026年仍会维持向好发展，但业绩增速或会弱于2025年整体表 现。 | | 2025年券商业绩预告/快报披露情况 | | | --- | --- | --- | | | 原保费团员书馆 | 同比增长情况 | | 机构名称 | [报告期] 2025年报 | [报告期] 2025年报 | | | [单位] 亿元 | [单位] % | | 中信证券 | 300.51 | 38.46 | | 国泰海通 | 275.33-280.06 | 111-115 | | 招商证券 | 123 | 18.43 | | 申万宏源 | 91-101 | 74.64-93.83 | | 中金公司 | 85.42-105.35 | 50-85 | | 东方证券 | 56.2 | 67.8 | | 方正证券 | 38.6 ...

上证公告（基金）【2026】238号 为促进天弘上证科创板芯片设计主题交易型开放式指数证券投资基金（以下简称科芯TH，基金代 码:589070）的市场流动性和平稳运行，根据《上海证券交易所基金自律监管规则适用指引第2号——上 市基金做市业务》等相关规定，本所同意国泰海通证券股份有限公司自2026年02月03日起为科芯TH提 供主做市服务。 炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ 2026年02月02日 特此公告。 上海证券交易所 ...

上海证券交易所 为促进华夏中证5G通信主题交易型开放式指数证券投资基金（以下简称5GETF，基金代 码:515050）的市场流动性和平稳运行，根据《上海证券交易所基金自律监管规则适用指引第2号——上 市基金做市业务》等相关规定，本所同意国泰海通证券股份有限公司自2026年02月03日起为5GETF提供 主做市服务。 2026年02月02日 炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ 特此公告。 上证公告（基金）【2026】236号 ...

特此公告。 为促进易方达中证软件服务交易型开放式指数证券投资基金（以下简称软件30，基金代 码:562930）的市场流动性和平稳运行，根据《上海证券交易所基金自律监管规则适用指引第2号——上 市基金做市业务》等相关规定，本所同意国泰海通证券股份有限公司自2026年02月03日起为软件30提供 主做市服务。 上海证券交易所 上证公告（基金）【2026】240号 2026年02月02日 ...

北交所券商执业质量最新"成绩单"出炉。 北交所、全国股转公司发布的2025年券商执业质量评价结果显示，头部券商已全面占据前列。国泰海通 证券以145.04分稳居榜首，华泰证券、招商证券、申万宏源、中信证券分别位列二至五名，与上年排名 相比，可谓经历了一次"大洗牌"。 拉长时间来看，位列第一梯队的券商，尤其是前五名乃至前十名，每年都会迎来大调整。在这背后，不 同券商的差异化竞争策略开始显现效果；另一方面，头部券商优势日益凸显。未来券商在北交所的执业 格局将走向何方？中小券商还有机会吗？ 北交所市场券商执业格局"大洗牌"，头部券商逐渐跃居前列 以往中小券商在北交所及新三板市场中占据主导地位，但2025年的评价结果显示，头部券商基本已实现 全面领跑，国泰海通、华泰证券、招商证券、申万宏源、中信证券五家券商排名靠前。 回顾2024年，中信建投以137.21分位列榜首，第二至第四名则由民生证券、东吴证券、国投证券、中泰 证券中小券商占据，部分大型券商被挤出前列。 纵观近年排名，榜首位置频繁易主。2022年，前五名分别为申万宏源、中泰证券、开源证券、中信建 投、安信证券（现国投证券），彼时，"一哥"中信证券还未跻身第一梯 ...

Industry Investment Rating - The industry investment rating is Neutral, maintained [1] Core Insights - The report highlights a "general increase with differentiation" in the performance of listed securities firms, with a median year-on-year net profit growth rate exceeding 60% for 26 firms. Leading firms like CITIC Securities and Guotai Junan achieved growth rates of 38.5% and 111%-115% respectively, supported by comprehensive, international, and merger integration advantages. Smaller firms showed even higher growth rates due to low base effects and unique business breakthroughs [4][16] - The report notes that despite strong fundamentals, the securities sector underperformed last week, with the Shenwan Securities II Index declining by 0.68%, lagging behind the CSI 300 Index by 0.77 percentage points. Current valuations remain significantly behind the pace of profit recovery [4][10] - The report emphasizes that the current market liquidity is abundant, with the SHIBOR 3M rate stable at a historical low of 1.59%. The A-share market remains active, with an average daily trading volume of 3.70 trillion yuan, reflecting a 7.63% increase compared to the previous week [5][21] Summary by Sections 1. Performance of Listed Companies - The report indicates that the securities industry experienced widespread high growth in 2025, driven by a favorable capital market environment, core business synergy, and policy resonance. The head firms benefited from scale effects and comprehensive service capabilities, while smaller firms achieved aggressive growth through mergers and unique business focuses [16][17] 2. Industry Fundamentals Tracking 2.1 SHIBOR 3M Rate - The SHIBOR 3M rate was reported at 1.59% as of January 30, 2026, indicating a stable and abundant liquidity environment [5][20] 2.2 Stock Fund Trading Volume - The average daily trading volume of A-share stock funds reached approximately 37,040 billion yuan, reflecting a significant increase of about 7.63% compared to the previous week [21][22] 2.3 Margin Trading Situation - The margin trading balance was reported at 27,393.63 billion yuan, maintaining a historical high level. The balance fluctuated slightly but remained above 27 trillion yuan [24][23] 2.4 Bond Market Index and Trading Volume - The bond market showed a "trading cooling, index rising" pattern, with a daily average trading volume of 30,927.60 billion yuan, reflecting a slight increase of about 3% compared to the previous week [27][28] 2.5 Stock-Bond Spread - The average yield of 10-year government bonds was reported at 1.82%, showing a slight decrease, while the stock-bond spread remained stable at an average of 4.90% [29][30] 3. Market Review - The Shenwan Securities II Index underperformed the CSI 300 Index, ranking 12th among 31 first-level industries. The report notes that the securities sector's performance over the past year was significantly lower than that of the CSI 300 Index [31][33]

据观点新媒体了解，该公募品种由中信证券、甬兴证券、国泰海通联合承销，受理日期为2024年12月8 日，目前处于交易所反馈阶段。 观点网讯：2月2日，宁波开发投资集团有限公司60亿元可续期公司债券项目状态在上交所更新为"提交 注册"，债券面向专业投资者公开发行。 免责声明：本文内容与数据由观点根据公开信息整理，不构成投资建议，使用前请核实。 ...

（文章来源：每日经济新闻） 碳中和50ETF国泰（159861）跟踪的是环保50指数（930614），该指数从中国A股市场中选取与环境保 护相关的领先企业，涵盖清洁能源、污染防治、资源循环利用等行业，以反映绿色经济领域内具有代表 性的公司表现。指数样本强调环境友好型技术和可持续发展策略的应用，通常具备良好的成长性和较高 的社会责任感。 国泰海通证券指出，数据中心光储配套与太空光伏有望成为新一轮设备扩产的重要催化因素。算力需求 提升推动数据中心对稳定、低成本、可复制的光伏+储能方案需求加速增长，地面光伏装机逻辑从电力 驱动逐渐转向算力驱动。同时，低轨卫星与太空算力发展带动太空光伏进入产业化验证阶段，对高效 率、轻薄柔性等提出更高要求，打开高端制造及定制化设备增量空间。随着SpaceX申请部署百万颗卫 星以构建轨道AI数据中心网络，光伏作为太空场景的重要能源供给方式，有望在轨道数据中心建设过 程中获得更多应用机会，相关光伏设备厂商将持续受益。 ...

Investment Rating - The report maintains an "Increase" rating for the non-bank financial sector [5] Core Insights - The China Securities Regulatory Commission (CSRC) is expanding the types of strategic investors to enhance long-term capital engagement with listed companies, including pension funds, insurance funds, and public funds [1][2] - The report highlights a stable regulatory environment for the insurance sector, with long-term benefits expected from trends in deposit migration and increasing demand for healthcare and retirement security [3] - The securities sector is experiencing heightened market risk appetite and active trading, benefiting both IT companies and brokerages [3] Summary by Sections Industry Dynamics - Non-bank financial, securities II, insurance II, and fintech indices experienced fluctuations of +1.04%, -0.69%, +5.50%, and -5.78% respectively, while the Shanghai Composite Index decreased by -0.44% [10] - China Life Insurance led the insurance sector with an increase of +8.73% [10] Insurance - Ping An Life increased its stake in China Life H shares by purchasing 11.891 million shares at an average price of 32.0553 HKD, raising its holding to 9.14% [14] - The registered capital of China Life Property Insurance has increased from 18.8 billion RMB to 27.8 billion RMB, a growth of approximately 48% [14] - As of December, the original premium income for property insurance reached 1,470.3 billion RMB, a year-on-year increase of 2.60%, while life insurance premiums reached 4,649.1 billion RMB, up 9.05% [15] Securities - The A-share market was active in 2025, with daily average trading volume of 2.08 trillion RMB, a year-on-year increase of 70.36% [24] - The number of IPO approvals surged by 109.43% year-on-year, with fundraising amounts increasing by 208.01% [24] - Listed brokerages that have released earnings forecasts expect a net profit growth of 59%-66% year-on-year [24] Investment Recommendations - The report suggests a positive outlook for the insurance sector, despite short-term pressures on capital and sentiment, due to long-term trends in liabilities and stable interest rates [3][37] - In the securities sector, the report recommends focusing on companies like China Ping An A/H, China Life H, Guotai Junan, and Huatai Securities [3][37]

Group 1 - Wang Gang has been approved as the chairman of Lujiazui Guotai Life Insurance by the Shanghai Financial Regulatory Bureau on January 30 [2] - Wang Gang, born in 1982, holds multiple positions including member of the Party Committee and Deputy General Manager of Shanghai Lujiazui Financial Trade Zone Development Co., Ltd. [2] - His previous roles include various positions at the Shanghai Municipal Taxation Bureau, China Securities Regulatory Commission, and Hai Tong Securities [2]