公司利润总额增长主要由于 2025 年中国整体经济稳中向好，内地及香港地区资本市场交投活跃度显著 提升、主要股指呈上行态势，公司牢牢把握高质量发展主线，持续夯实客户基础、抓住投融资改革机 遇，财富管理、投资交易、资产管理业务板块收入同比增长。公司继续深入践行集约化、精细化成本管 理，在支持业务发展的基础上，继续推进提质增效，提升资源利用效率。 格隆汇1月23日丨光大证券(601788.SH)公布2025年度业绩快报，2025 年，公司坚守功能性定位，持续推 动服务实体经济和国家重大战略落实落细，紧扣监管政策要求与市场机遇，全力推进各项经营计划落地 见效，夯实稳健经营根基。全年实现营业收入108.63亿元、同比增长 13.18%，归属于上市公司股东的 净利润37.29 亿元、同比增长 21.92%。 ...

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！ 证券代码：601788 证券简称：光大证券 公告编号：2026-005 登录新浪财经APP 搜索【信披】查看更多考评等级 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗漏，并对其内容 的真实性、准确性和完整性承担法律责任。 重要内容提示： 2026年第一次临时股东会 (二)股东会召集人：董事会 (三)投票方式：本次股东会所采用的表决方式是现场投票和网络投票相结合的方式 (四)现场会议召开的日期、时间和地点 召开的日期时间：2026年2月27日 14点30分 召开地点：上海市静安区新闸路1508号静安国际广场 光大证券股份有限公司 关于召开2026年第一次临时股东会的通知 (五)网络投票的系统、起止日期和投票时间。 网络投票系统：上海证券交易所股东会网络投票系统 网络投票起止时间：自2026年2月27日 至2026年2月27日 采用上海证券交易所网络投票系统，通过交易系统投票平台的投票时间为股东会召开当日的交易时间 段，即9:15-9:25，9:30-11:30，13:00-15:00；通过互联网投票平台的投 ...

2026年被视为"存款到期大年" □据华泰证券测算，2026年一年期以上定存到期规模约50万亿元 □据国信证券基于六大行2025年半年报测算，全行业两年及以上定存到期规模约在59万亿元至71万亿 元，且大部分于2025年末至2026年初集中到期 2026年开年，一场关于"钱往哪里去"的讨论正在火热上演。一边是数十万亿元定期存款集中到期，一边 是利率中枢持续下探，居民财富配置站在一个熟悉又微妙变化的路口：继续"守"，还是开始"挪"？ 在安全性、收益性、流动性之间反复权衡后，一张徐徐铺展的开年投资图谱，正逐渐清晰。 不是逃离，而是重新安放 "2022年末理财赎回潮兴起的时候，不少客户把钱存成了三年定期，现在陆续都到期提取了。"一家农商 行的副行长向上海证券报记者描述了近期网点里的真实场景。与3年前3%以上的存款利率相比，如今不 同期限之间的利差明显收窄，许多客户选择将到期资金先置换为短期存款，秉持"不急着动，先看一 看"的观望态度。 银行理财成承接主力 随着各类银行定期存款利率进入"1字头"，越来越多储户也开始寻找"比存款多一点，比股票稳一点"的 去处，银行理财成为最主要的承接渠道之一。 银行业理财登记托管中心1 ...

Core Viewpoint - 2026 is identified as a significant year for maturing deposits, with a substantial amount of funds expected to be reallocated, reflecting a shift in investment strategies among depositors [1][2]. Group 1: Deposit Maturity and Market Dynamics - The total amount of one-year and above fixed deposits maturing in 2026 is estimated to be around 50 trillion yuan, with the total for two years and above ranging from 59 trillion to 71 trillion yuan [1][2]. - The trend of declining deposit interest rates has led to a narrowing of the interest rate spread, prompting many customers to convert their maturing funds into short-term deposits while adopting a wait-and-see approach [2][3]. - Despite the large volume of maturing deposits, it is anticipated that not all funds will leave the banking system, as the retention rate of bank deposits remains high, with a notable increase to 96% in 2025 [3]. Group 2: Investment Alternatives - With deposit rates falling into the "1" range, more depositors are seeking investment options that offer slightly higher returns than deposits but are more stable than stocks, leading to a rise in bank wealth management products [5]. - The bank wealth management market had a total scale of 33.29 trillion yuan by the end of 2025, reflecting an 11.15% increase from the beginning of the year, with projected growth of around 3 trillion yuan in 2026 [5]. - Wealth management products are characterized by higher yields compared to fixed deposits, with some fixed-income products yielding between 2% and 3% over the past year [5]. Group 3: Fee Adjustments and Product Innovation - In response to the large volume of maturing deposits, financial institutions are reducing fees on certain wealth management products to enhance their attractiveness [6]. - Some wealth management companies have introduced promotional periods with zero fees, aiming to capture funds transitioning from deposits [6]. - There is a need for banks to innovate in product structure and investment strategies to maintain competitiveness, focusing on low-volatility and stable-return products [6]. Group 4: Insurance and Fund Investments - Insurance products, particularly those offering a combination of savings and protection, are gaining traction among depositors, with significant new premium growth observed in early 2026 [7]. - The appeal of dividend insurance lies in its guaranteed returns, with a minimum interest rate of 1.75% and potential long-term internal rates of return between 3.0% and 3.8% [7]. - "Fixed income plus" funds are also emerging as a transitional option for low-risk investors, providing a blend of fixed-income assets with some exposure to equities and commodities to enhance returns [7][8].

光大证券（601788）(06178)发布公告，董事会已于2026年1月23日通过决议，提名安雪松先生作为第七 届董事会非执行董事候选人提交2026年第一次临时股东会选举。本公司将于临时股东会审议及批准(如 认为适当)关于选举安雪松先生为本公司非执行董事的议案。 ...

Group 1 - JunDa Co., Ltd. announced that the comprehensive cost-effectiveness of perovskite photovoltaic technology in extreme space environments remains to be verified [2][5] - The company has invested 30 million yuan to acquire a 16.67% stake in Starwing Chip Energy, but no formal business agreement has been signed for space photovoltaic projects [2][5] - The technology shows potential advantages in lightweight, low cost, and high radiation resistance, but long-term reliability and cost-effectiveness in space are still uncertain [2][5] Group 2 - Aotewei stated that the "space photovoltaic" sector is still in the early exploration and research phase, with significant uncertainties in the industrialization process [3] - The company emphasized that product development to commercial application requires a considerable period, and the impact of related positive expectations on actual operating performance is highly uncertain [3] Group 3 - Tongyu Communications announced its participation in the A1 round financing of Beijing Blue Arrow Hongqing Technology, investing 30 million yuan for a 1.8293% stake [3] - The company will transition from direct to indirect ownership of Hongqing Technology through a partnership agreement [3] Group 4 - Huajin Technology received approval from the China Securities Regulatory Commission for the issuance of H-shares, planning to issue up to 101,573,100 shares [4] - Trina Solar announced a change in the use of remaining raised funds, reallocating 1.7 billion yuan to a new project for distributed smart photovoltaic power station construction [4][5] Group 5 - Yunnan City Investment plans to publicly transfer a 10.5% stake in Qicai Company with a base price of 293 million yuan [6] - Zijin Mining announced the completion of the second phase of the Giant Dragon Copper Mine, increasing production capacity to 350,000 tons per day [6] Group 6 - Shuaifeng Electric expects a net profit loss of 43 million to 62 million yuan in 2025, with potential delisting risk warnings for its stock [7] - Anqi Yeast plans to invest 222 million yuan in a green manufacturing project for yeast products with an annual output of 12,000 tons [7] Group 7 - Zhengzhou Coal and Electricity announced the cessation of production at the Chaohua Coal Mine due to resource depletion and safety risks, expecting a 311 million yuan impairment loss [8] - Oujing Technology announced partial production line shutdowns at its subsidiaries to reduce losses and operating costs [8] Group 8 - North Car Blue Valley plans to invest in the construction of a high-end platform model industrialization and digital upgrade project with a total investment of 1.991 billion yuan [9] - Jingzhida signed a significant contract worth 1.311 billion yuan for semiconductor testing equipment [9] Group 9 - Yanghe Co. announced a cash dividend plan for 2025-2027, committing to distribute no less than 100% of net profit each year [10] - Yanghe Co. also projected a net profit decline of 62.18% to 68.30% for 2025 due to market adjustments and increased channel inventory [10] Group 10 - Huitong Energy expects a net profit decrease of 69.51% to 75.82% for 2025, primarily due to the absence of non-recurring income from property relocation rewards [11] - Dahua Co. reported a net profit increase of 32.65% for 2025, driven by business optimization and cost control [12] Group 11 - Hangzhou Bank reported a net profit increase of 12.05% for 2025, maintaining a stable non-performing loan ratio [12] - Aotejia expects a net profit increase of 41.85% to 79.67% for 2025, supported by sales growth and cost control measures [12] Group 12 - Shenke Co. anticipates a net profit increase of 65.75% to 98.9% for 2025, benefiting from overseas strategy and revenue growth [13] - Pioneering Technology expects a net profit increase of 50.82% to 109.21% for 2025, driven by product technology iterations and market expansion [13] Group 13 - Shanchuang Technology expects a net profit increase of 81.77% to 134.78% for 2025, fueled by demand for enterprise-level storage products [14] - Anshuo Information anticipates a net profit increase of 52.44% to 98.83% for 2025, with government subsidies contributing to the growth [14] Group 14 - Zhongwei Company expects a net profit increase of 28.74% to 34.93% for 2025, driven by increased customer recognition of its plasma etching equipment [15] - Jingfang Technology anticipates a net profit increase of 44.41% to 52.32% for 2025, benefiting from the automotive industry's growth [16] Group 15 - Fuda Alloy expects a net profit increase of 119.14% to 219.95% for 2025, driven by strong demand in emerging applications [17] - Feirongda anticipates a net profit increase of 57.23% to 83.43% for 2025, supported by stable growth in communication and cooling business [17] Group 16 - Licheng Performing Arts expects a net profit decrease of 12.75% to 32.21% for 2025, impacted by regional travel environment fluctuations [22] - Lisheng Pharmaceutical anticipates a net profit increase of 116.77% to 138.44% for 2025, driven by market expansion and product sales [23] Group 17 - JMC reported a net profit decrease of 22.71% for 2025, despite a 2.07% increase in total revenue [27] - Daoshi Technology expects a net profit increase of 206.01% to 269.76% for 2025, driven by overseas business expansion [28] Group 18 - Jin Kai New Energy plans to repurchase shares worth 500 million to 600 million yuan, with a maximum repurchase price of 7.5 yuan per share [29] - Longyun Co. announced a stock suspension due to plans to acquire a 58% stake in Yuheng Film Industry [30]

格隆汇1月23日丨光大证券(06178.HK)公告，关于非执行董事辞职的公告，当中提及公司于2026年1月6 日收到第二大股东中国光大控股有限公司的董事提名函，提名安雪松为公司非执行董事候选人。董事会 已于2026年1月23日通过决议，提名安雪松作为第七届董事会非执行董事候选人提交2026年第一次临时 股东会选举。 ...

Group 1 - The core viewpoint of the report is that with a stable fundamental base, the growth potential of the company is promising [1][3] - Hongrun Construction is one of the earliest private enterprises to enter the shield tunneling construction sector in China, with over 300 kilometers of cumulative tunneling in more than 20 cities, showcasing its leading position in technical experience and project management capabilities [1] - The company is deepening its engagement in core urban agglomerations under the "Yangtze River Delta Integration" strategy, with stable business segments in urban rail transit and underground space [1] Group 2 - The company is expanding its business from traditional infrastructure to include investments in photovoltaic power plants and energy storage, forming a more balanced growth structure [1] - The new energy business is entering a high growth phase, projected to achieve a revenue increase of 298% year-on-year in 2024 and 94% in the first half of 2025, contributing significantly to profit growth [1] - The strategic shift from "construction contracting" to "infrastructure + new energy" is beginning to show results as projects accelerate [1] Group 3 - The company is strategically investing in AI robotics, establishing a joint venture with Matrix Super Intelligence to focus on key modules such as servo motors and intelligent algorithms [2] - The construction industry is currently in a contraction phase due to tightening local finances, with new contracts declining for two consecutive years, leading to pressure on the company's main business profitability [2] - As debt reduction policies continue to improve the cash flow environment, there are signs of recovery in the company's operating cash flow and cash collection ratio for 2024-2025H1 [2] Group 4 - The partnership with Matrix Super Intelligence aims to promote the large-scale application of robotics in urban infrastructure and industrial operations [3] - The ongoing commissioning of new energy projects is expected to drive performance growth, while traditional municipal construction is anticipated to gradually recover as debt reduction progresses [3] - Overall, the company's growth potential remains promising with a stable fundamental base [3]

，光大证券[601788] 2026-01-23 15:00 5PMA = 10PMA = 20PMA = 30PMA = 19.32 19.00 18.68 18.36 18.04 17.72 17.40 17.08 16.76 80.59万 成交里:265086 60.44万 40.29万 20.15万 0 12-08 12-18 12-30 01-13 11 11-14 11-26 光大证券[06178] 2026-01-23 16:00 5PMA = 10PMA = 20PMA = 30PMA = 11.258 10.898 10.539 10.179 9.820 ites 9.461 9.101 8.742 8.382 1271万 成交里 : 2057000 953万 635万 318万 0=00 0 01-23 11-03 12-31 | | | | 项目 | 本报告期 | 上年同期 | 增减变动幅度 | | --- | --- | --- | --- | | | | | (%) | | 营业收入 | 1, 086, 327 | 959, 834 | 13. 18 | | 营业利润 | 465, ...

（编辑 任世碧） 证券日报网讯 1月23日，光大证券在互动平台回答投资者提问时表示，公司持续贯彻"以投资者为本"的 理念，切实加强投资者保护，制定和披露了《公司市值管理工作办法》，不断建立健全市值管理运作机 制，完善与资本市场的持续沟通交流机制。公司将继续加强经营管理，实现高质量发展，努力提升业绩 和股东回报水平；公司合法合规地开展市值管理，将继续加强与市场分析师、投资者的密切沟通交流， 进一步提升资本市场对公司投资价值的发现和认可，使公司股价更合理地体现公司价值。 ...