申万宏源 光大证券 国联民生 东方证券 中原证券 中信建投 分时图 日K线 周K线 月K线 5.54 0.06 1.09% 1.28% 0.91% 0.36% 0.00% 0.36% 0.91% 1.28% 5.41 5.43 5.46 5.48 5.50 5.53 5.55 09:30 10:30 11:30/13:00 14:00 15:00 0 91万 183万 274万 今年以来存款利率持续下跌，叠加股市赚钱效应持续改善下，居民部门存款正逐渐流向资本市场以博取 更高收益，居民投资行为正呈现逐渐活跃的趋势。 中泰证券（600918）研报表示，持续看好券商板块的相对收益机会，建议关注：1）头部券商；2）充分 受益于市场交投活跃的金融科技龙头。 中资券商相关板块涉及港股： 昨日沪指盘中突破2021年2月高点，创下自2015年8月以来新高，创业板指涨幅近3%。市场全天成交2.7 万亿，较上个交易日放量超5000亿，两市超4000股上涨。 兴业证券认为，随着市场持续回暖，本轮行情中机构的优势也逐步显现，进一步与本轮"慢牛""健康 牛"实现共振和正向循环。 7月金融数据显示，非银行业金融机构存款大幅增加2.14万 ...

Core Viewpoint - The Chinese capital market is undergoing a significant transformation, with the A-share market experiencing increased trading activity and a resurgence in margin financing balance, surpassing 2 trillion yuan for the first time in ten years [1][13]. Market Activity - The A-share market's trading volume has been active, with the Shanghai Composite Index breaking through 3700 points for the first time since December 2021 [1]. - The securities sector has seen a strong rally, with the overall increase exceeding 4% and trading volume surpassing 120 billion yuan [1][3]. Individual Stock Performance - Notable stocks in the securities sector include: - Dongfang Caifu, up 10.34% to 26.88 yuan - Changcheng Securities, up 10.04% to 12.06 yuan - Tianfeng Securities, up 9.92% to 5.54 yuan - Zhongyin Securities, up 48.79% to 18.20 yuan [4][3]. Earnings Reports - Southwest Securities reported a 26.23% year-on-year increase in revenue to 1.50 billion yuan and a 24.36% increase in net profit to 423 million yuan for the first half of 2025 [7][8]. - Hato Co. achieved a 1.12% increase in revenue to 1.48 billion yuan and a remarkable 233.08% increase in net profit to 380 million yuan for the same period [9][10]. Industry Outlook - The number of new A-share accounts opened in July reached 1.96 million, a 71% year-on-year increase, indicating growing investor interest [13]. - Analysts believe that the combination of a margin financing balance exceeding 2 trillion yuan, strong earnings growth among securities firms, and favorable policy conditions presents a unique opportunity for the securities sector [13].

中国资本市场已发生史诗级蜕变。 近期A股市场交投活跃度持续攀升，时隔十年，A股市场两融余额再回2万亿大关；昨日盘中沪指突破3700点，为2021年12月以来首次；叠加上市券商中期业 绩有望超预期兑现，近期券商股异动频频。 今日券商板块更是强劲拉升，截止发稿，证券板块整体涨幅超4.%，成交额突破1200亿元， 上半年业绩爆发 昨日晚间，西南证券正式披露2025年半年度报告。 报告显示，上半年西南证券实现营业收入15.04 亿元，同比增长 26.23%；归属于母公司净利润4.23 亿元，同比增长 24.36%。 同时发布中期分红方案：每10股派发现金红利0.1元（含税），合计派现约6645万元（现金红利占净利润约 15.7%）。这是西南证券首次连续2年开展中期分 红，也是今年首家推出中期分红方案的上市券商。 | ● 分时 日 周 月 季 年 1分 5分 15分 30分 60分 多周期 设置 | 九转 亮 加自选 ■▼ | | | 证券 881157 | | --- | --- | --- | --- | --- | | 证券 分时 最新: 1749.054 1759� �� �� ���� ��� | 00084 ...

8月12日，上证指数高开续升，进一步逼近924行情高点，再创年内新高。券商板块延续活跃，国盛金控连续第2日盘中触及涨停，哈投股份涨近4%，锦龙股 份涨近3%，中银证券、广发证券、华泰证券等涨幅居前。 | 序号 | 代码 | 名称 | 内日容 | 现价 | 涨跌 | 涨跌幅 | | --- | --- | --- | --- | --- | --- | --- | | 1 | 002670 | 国盛会控 | | 17.74 | 1161 | d a 88% | | 2 | 600864 | 哈投股份 | | 7.25 | 0.26 | 3.72% | | 3 | 000712 | 锦龙股份 | | 14.94 | 0.47 | 3.25% | | 4 | 000776 | 广发证券 | HMa | 20.13 | 0.42 | 2.13% | | 5 | 601696 | 中银证券 | | 15.20 | 0.28 | 1.88% | | 6 | 600095 | 湘财股份 | | 11.36 | 0.17 | 1.52% | | 7 | 601688 | 华泰证券 | WAY | 20.52 | 0.23 | ...

Group 1 - The core viewpoint is that the securities sector is experiencing a strong performance, with the National Securities Leader Index rising by 2.31% and several key stocks, including China Galaxy and Dongfang Caifu, showing significant gains [1][2] - The Securities ETF Leader has seen continuous net inflows over the past six days, with a maximum single-day net inflow of 146 million yuan, totaling 474 million yuan, averaging 78.92 million yuan per day [1] - Multiple securities firms are actively issuing technology innovation bonds, with a total approved issuance limit of up to 93.8 billion yuan from five firms, including CITIC Securities and Guotai Junan Securities [1] Group 2 - Open Source Securities highlights that the valuation of the brokerage sector and institutional holdings are at low levels, with macro-level measures supporting the stock market, leading to a positive outlook for the sector [2] - The three main lines of opportunity identified are retail brokerages with performance elasticity, financial technology targets, and the Hong Kong Stock Exchange benefiting from the expansion and increased activity of IPOs [2] - As of May 30, 2025, the top ten weighted stocks in the National Securities Leader Index account for 80.15% of the index, with key players including Dongfang Caifu and CITIC Securities [2]