7月9日晚间，红塔证券发布了2025年半年度业绩预告，成为首家发布中报业绩预告的上市券商。 未经审计的数据显示，红塔证券今年上半年归母净利润预计在6.51亿元至6.96亿元，同比增长45%至55%。 今年上半年市场交投活跃度持续攀升，IPO及再融资规模也有所回温，在此背景下，上市券商上半年业绩受到 市场期待。多名券商非银分析师预测，上市券商二季度业绩有望延续高增势头，归母净利润可能超过20%。 首家业绩预告出炉 7月9日红塔证券发布今年上半年业绩预告，券商中国记者注意到，这是红塔证券连续第二年率先亮出中报业绩 预告。 红塔证券预告称，经财务部门初步测算，预计公司2025年半年度实现归属于母公司所有者的净利润为6.51亿元 至6.96亿元，同比增长45%至55%。在扣非净利润指标方面，预计上半年为6.34亿元至6.79亿元，同比增长40% 至50%。上述数据尚未经注册会计师审计。据悉，去年上半年红塔证券归属于母公司所有者的净利润为4.49亿 元。 券商中报业绩前瞻来了。 分析师预测上市券商二季度业绩高增长 今年上半年，一、二级市场双双呈现回暖态势，券商业绩随之受益增长。一季度数据显示，上市券商归母净利 润同比增 ...

【导读】红塔证券预计上半年净利润同比增长45%至55% 见习记者 舍梨 首家券商2025年半年报业绩预告出炉。 7月9日，红塔证券公布2025年半年报业绩预告，预计2025年半年度实现归属于母公司所有 者的净利润为6.51亿元至6.96亿元，与上年同期相比将增加2.02亿元到2.47亿元，同比增长 45%至55%。 数据显示，2024年，红塔证券自营投资业务实现收入13.65亿元，同比增长106.32%。在整 体营收结构中，自营投资仍为公司最主要的利润来源和增长引擎。 2025年一季度，红塔证券实现营业收入5.66亿元，同比增长46%；实现净利润2.96亿元，同 比增长147.24%。报告期公司减持部分债券资产兑现收益，投资收益较上年同期增长。 机构：券商中报业绩或延续高增长 今年上半年，A股市场交投较为活跃。Wind数据显示，上半年A股市场成交额为162.65万亿 元，远超2024年同期的100.94万亿元。 在机构人士看来，受益于市场回暖、政策环境友好，券商经纪、投行、资本中介等业务均有 望受益，建议关注优质龙头券商的投资机会。 开源证券非银首席分析师高超认为，上半年A股市场交易活跃度同比大幅提升、IPO ...

2025年的日历翻过一半，中国资本市场的浪潮依然奔涌不息。作为市场核心中介与"看门人"，证券公司 的一举一动，深刻映射着金融生态的脉动。 这个半年，全面注册制深化推进，IPO受理持续回暖，市场活力持续激发。潮水之下，我们关注到，有 些券商在业务狂奔中触碰红线，有些券商"走马换将"的人事变动频繁上演。 即日起，南都·湾财社将推出2025上半年券商行业系列报道。穿透数据表象，深入剖析违规惩戒的警示 意义、人事变动的深层逻辑、IPO市场的真实温度，勾勒一幅更为立体的券商行业半年图景。 2025 年上半年，券商行业的人事变动浪潮汹涌而至。据Wind平台与公司公告显示，截至6月30 日，已 有41家券商的 "董监高" 成员发生变动，涉及离职、新聘等多种情况，变动频次高达214次。 无论是上市券商还是未上市的中腰部券商，都卷入了这场人事调整的棋局，其中在重组浪潮中备受关注 的几家券商，更是在人事布局上动作频频。多家券商还进行了"董事长"的变动，新的掌舵人又将为行业 格局演变带来哪些影响？ 券商行业人事变动： 41家券商变动214频次 步入2025年，券商整体的人事调整尤为频繁，有人因年龄，到龄退休；有人因个人原因，另谋出 ...

在同业评价方面，评审委员会由券商研究所、独立财富管理机构、媒体等高级管理人员组成，其中领导力 评估模型包括前瞻力、控制力、创新力、合规性、影响力五大维度，评审委员对领军人物领导力能力进行 打分（打分维度为1-10分），最终综合所有评分并进行百分制换算，最终得出同业评价总得分。 据同业评价数据显示，长江证券刘元瑞同业评价总得分为87.88分，上市券商行业总排名第12名，其中合规 性维度得分最高，达90.34分（百分制），创新力维度得分较低，为83.42分（百分制）。 专题：上市券商领军人物领导力TOP榜 新浪财经首届上市券商领军人物领导力TOP榜结果出炉。本届"上市券商领军人物领导力TOP榜"以50家上 市券商为参评对象，根据2024年度营收规模进行排序，将参评券商划分为综合性券商（1-10名）、行业特 色发展券商（11-20名）、成长发展券商（21-50名）三个组别。明确组别后，综合考虑2024年度业绩表 现、同业评价、网络声量等多维度数据，对各组券商进行评分与排名。 其中前瞻力维度评比中，行业排名为第14名，评审委员最低打分为6分； 控制力维度评比中，行业排名为第11名，评审委员最低打分为7分； 创新力维度 ...

Group 1 - The "Top Leaders in Listed Securities Firms" ranking evaluates 50 listed securities firms based on their revenue scale for 2024, categorizing them into three groups: comprehensive securities firms (1-10), industry-featured development firms (11-20), and growth development firms (21-50) [1] - The evaluation considers multiple dimensions including industry data, peer evaluation, and online presence, with a total of 28 data indicators used as proxy variables for scoring [1] - The industry data evaluation encompasses six aspects: company scale, operating conditions, risk control, business quality, employee returns, and third-party ratings [1] Group 2 - Among the evaluated firms, Zhongtai Securities scored 66.93 points, ranking 41st among 50 listed securities firms and 9th among 9 industry-featured development firms [2] - In terms of company scale and third-party ratings, Zhongtai Securities performed relatively well, ranking 15th and 10th respectively among the 50 firms [3] - For 2024, Zhongtai Securities reported revenue of 10.891 billion yuan, ranking 15th in the industry, and total assets of 224.693 billion yuan, ranking 16th [3] Group 3 - Zhongtai Securities' performance in operating conditions, business quality, and employee returns was relatively poor, ranking 45th, 43rd, and 43rd respectively [3] - The firm experienced a revenue growth rate of -14.66% and a net profit growth rate of -47.92% [7] - Key financial metrics include a return on assets (ROA) of 0.51%, a return on equity (ROE) of 2.27%, and a total asset growth rate of 14.84% [8] Group 4 - The peer evaluation weights 40% of the total score, assessing aspects such as foresight, control, innovation, compliance, and influence [9][10] - The online presence evaluation accounts for 10% of the total score, reflecting the public sentiment and media coverage of the securities firm and its leaders [11]

Group 1 - The "Top Leaders in Listed Securities Firms" ranking evaluates 50 listed securities firms based on their revenue scale for 2024, categorizing them into three groups: comprehensive securities firms (1-10), industry-featured development firms (11-20), and growth development firms (21-50) [1] - The evaluation considers multiple dimensions including industry data, peer evaluation, and online presence, with a total of 28 data indicators used as proxy variables for scoring [1] - The industry data evaluation includes aspects such as company size, operational status, risk control, business quality, employee returns, and third-party ratings [1] Group 2 - Dongwu Securities scored 71.35 points in the industry data evaluation, ranking 17th among the 50 listed securities firms and 3rd among 9 participating industry-featured development firms [2] - In 2024, Dongwu Securities recorded a revenue of 11.534 billion yuan, ranking 14th in the industry, with total assets of 177.805 billion yuan, ranking 17th [3] - The bond business quality evaluation for Dongwu Securities improved by one level to A grade during the evaluation period [3] Group 3 - The company ranks 14th in company size and 17th in third-party ratings, indicating significant advantages [3] - Key performance indicators include a revenue growth rate of 2.24% and a net profit growth rate of 18.19% [6] - The return on equity (ROE) is 5.81%, with a total asset growth rate of 12.9% and a net asset growth rate of 5.07% [7] Group 4 - The peer evaluation consists of five dimensions: foresight, control, innovation, compliance, and influence, with a total weight of 40% [8] - The online presence evaluation accounts for 10% of the total score, reflecting the company's influence on social media and overall public sentiment [10] - The leadership evaluation is based on the current leaders as of December 31, 2024, with a minimum tenure requirement of six months [11]

Group 1 - The "Top Leadership Ranking of Listed Securities Firms" evaluates 50 listed securities firms based on their revenue scale for 2024, categorizing them into three groups: comprehensive securities firms (1-10), industry-featured development firms (11-20), and growth development firms (21-50) [1] - The evaluation considers multiple dimensions including industry data evaluation, peer evaluation, and online presence, with a total of 28 data indicators used as proxy variables [1][6] - The industry data evaluation encompasses six aspects: company scale, operating conditions, risk control, business quality, employee returns, and third-party ratings [1] Group 2 - Guoyuan Securities scored 80.42 points in the industry data evaluation, ranking 11th among the 50 listed securities firms and 1st among the 9 evaluated industry-featured development firms [2] - In terms of operating conditions and employee returns, Guoyuan Securities ranked 10th and 4th respectively among the 50 listed firms, with a revenue growth rate of 23.49% (12th in the industry) and a total asset growth rate of 29.54% (2nd in the industry) [3][6] - The company reported a year-on-year increase of 16.88% in per capita salary, ranking 6th in the industry [3] Group 3 - The evaluation metrics include revenue growth rate, net profit growth rate, return on assets (ROA), return on equity (ROE), total asset growth rate, and net asset growth rate [7] - Guoyuan Securities' ROA is 1.47% (15th in the industry), while its ROE is 6.27% [7] - The brokerage business profit margin is 57.05% (47th in the industry), and the investment banking business profit margin is -50.44% (42nd in the industry) [7] Group 4 - The peer evaluation consists of five dimensions: foresight, control, innovation, compliance, and influence, with a weight of 40% in the overall evaluation [8][9] - The online presence evaluation accounts for 10% of the total score, reflecting the public sentiment and influence of the securities firm and its leaders over the past year [10] Group 5 - The leadership evaluation is based on the main leaders in office as of December 31, 2024, with a requirement of at least six months in position [11]

估计很多投资者看到这里，会觉得老生常谈了。确实"有行情，买券商"不是说说而已。证券公司业务与资本市场密切相关，因此能够快速反映行情冷 暖变化，充当"牛市旗手"率先反攻。在市场展露牛角时配置券商已成为A股老饕们的自我修养。 但除了上述原因之外，今年券商其实还有一个逻辑被很多投资者忽略了——补涨。 时隔8个月，今天沪指重返3500点，并且已经突破了去年924那波行情的高点，券商"暑期行情"历史规律再现？ 目前，券商的估值和机构配置都来到历史低位区间，被广泛讨论的公募基金新规引导基金配置向基准靠拢，券商的机构欠配矛盾亦值得关注。 最后分享一个有意思的现象。 2019年以来，每年的6~8月，券商都有一波行情，老巴把它称为券商的"暑期行情"。区间涨幅在10%+到40%+不等，持续时长最短的是2022年的10个 交易日，最长的是2023年的一个多月~ | 行情周期 | 券商ETF (512000) 涨跌幅 | | --- | --- | | 2024/7/9~2024/7/31 | 12.26% | | 2023/6/27~2023/8/10 | 25.15% | | 2022/6/1~2022/6/15 | 14.64 ...

Group 1 - The "Top Leaders in Listed Securities Firms" ranking by Sina Finance recognizes outstanding contributions and influence of leaders in the securities industry, with He Yagang of Founder Securities ranked 9th among comprehensive securities firms [1] - The ranking evaluates the management achievements of securities leaders over the past year based on industry data, peer evaluations, and online presence, aiming to promote sustainable development in the financial sector [1] Group 2 - He Yagang, born in May 1964, holds a master's degree in engineering and has held various leadership positions in the securities industry, currently serving as the president of Founder Securities [2] - The evaluation methodology includes three main components: industry data (40% weight), peer evaluation (50% weight), and online presence (10% weight [4][6] Group 3 - Founder Securities reported an operating income growth rate of 8.42% and a net profit growth rate of 2.55%, with a return on assets (ROA) of 0.91% and a return on equity (ROE) of 4.73% [5] - The total asset growth rate was 14.92%, while the net asset growth rate was 6.5%, indicating a positive trend in the company's financial health [5] Group 4 - In the peer evaluation, Founder Securities scored 76.67 for foresight, 88.19 for influence, 79.04 for control, 81.38 for innovation, and 77.34 for compliance, reflecting a strong performance in various leadership dimensions [6] - The online presence evaluation indicated the company's influence on social media and media coverage, which is crucial for assessing the public perception of the firm [9] Group 5 - In the overall ranking, Founder Securities achieved a comprehensive score placing it 9th among industry-specific securities firms, with specific rankings of 40th in industry data, 29th in peer evaluation, and 47th in online presence among 50 listed securities firms [13]

Core Insights - The first Leadership TOP List for listed securities firms by Sina Finance has been released, with Xue Zhen, President of Dongwu Securities, ranking 6th among industry-specific development securities firms [1][14] - The ranking aims to recognize the outstanding contributions and far-reaching influence of leaders in various securities firms, based on a comprehensive evaluation system that includes industry data, peer evaluations, and online presence [1][14] Industry Data Evaluation - Dongwu Securities achieved a score of 75.92 in industry data evaluation, ranking 17th among 50 listed securities firms and 4th among 9 evaluated industry-specific firms [14] - Key financial metrics include: - Revenue growth rate: 2.24% [6] - Net profit growth rate: 18.19% [6] - Return on Assets (ROA): 1.43% [6] - Return on Equity (ROE): 5.81% [6] - Total assets growth rate: 12.9% [6] - Net assets growth rate: 5.07% [6] - Brokerage business profit margin: 62.71%, ranking 43rd in the industry [6] - Investment banking business profit margin: 20.53%, ranking 23rd in the industry [6] - Proprietary business yield: 2.92%, ranking 28th in the industry [6] - Asset management business profit margin: 15.21%, ranking 40th in the industry [6] Peer Evaluation - Dongwu Securities received a score of 83.42 in peer evaluation, ranking 19th among 50 listed securities firms and 5th among 9 evaluated industry-specific firms [14] - Evaluation criteria include foresight, control, innovation, compliance, and influence [7][8] Online Presence Evaluation - The online presence evaluation score for Dongwu Securities was 67.20, ranking 48th among 50 listed securities firms and 9th among 9 evaluated industry-specific firms [14][10]