A股股权融资

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2025年前三季度A股股权承销排行榜
Wind万得· 2025-10-01 03:18
2025年前三季度,中国A股股权融资市场延续活跃态势,呈现"结构分化明显、政策与创新双轮 驱动"的特征。据Wind数据统计,2025年前三季度,中国A股市场通过IPO、增发和可转债等多 种方式共完成全口径募资事件215起,较去年同期增加35起,合计募集资金为8540.44亿元,同 比增幅高达414.42%。 从融资方式来看,IPO融资规模稳健扩张,项目数量总计76起,同比增加7起,融资规模759.74 亿元,同比增长66.67%。前三季度,定增项目数量总计109起,同比增加28起,融资规模合计 7322.62亿元,较去年同期增长670.69%。分季度看,增发市场因财政部主导的特别国债资本补 充计划的政策支持实现超常规扩张,在今年二季度出现阶段性高峰,三季度回归常态节奏。若剔 除该政策性因素,2025年前三季度市场真实反映的股权融资规模仍达3340.44亿元,同比增长 101.21%;定增项目募资总规模达2122.62亿元,同比增长123.40%,A股股权融资市场仍展现 出稳健的内生增长动力。 从券商承销角度来看,中信证券以1864.47亿元的总承销金额位居承销金额榜榜首,承销数量48 起;中银证券以1315. ...
今年以来A股股权融资总额同比增长逾300%
Zhong Guo Zheng Quan Bao· 2025-08-12 21:06
Core Insights - The A-share equity financing market has shown strong growth, with 183 companies raising over 830 billion yuan, a year-on-year increase of over 300% [1][2] - The IPO market continues to recover, with 63 companies raising a total of 64.39 billion yuan, approaching the total for the entire year of 2024 [1][2] - The concentration of equity underwriting has significantly increased, with the top three brokers accounting for 53.01% of the market share [2] Equity Financing Overview - As of August 12, 2023, 183 A-share companies completed equity financing, raising a total of 832.87 billion yuan, a substantial increase of 363.85% compared to the previous year [1] - The IPO market has seen 63 companies listed this year, raising 64.39 billion yuan, which is a 21.15% increase year-on-year [1] Underwriting Market Dynamics - The leading brokers in equity underwriting are CITIC Securities, Guotai Junan, and CITIC Construction Investment, with underwriting amounts of 175.97 billion yuan, 127.08 billion yuan, and 100.10 billion yuan respectively, together holding 53.01% of the market [2] - In the IPO underwriting sector, CICC has taken the lead with 12.54 billion yuan, followed by CITIC Construction Investment and Huatai United Securities [2] IPO Acceptance Trends - The number of IPO applications has surged to 181, a 364.10% increase compared to the same period in 2024 [2][3] - The Beijing Stock Exchange has become the core area for IPO applications, accounting for 64.09% of the total [3] Sector and Regional Distribution - The top three provinces for IPO applications are Zhejiang, Guangdong, and Jiangsu, with 35, 35, and 29 applications respectively, making up 54.70% of the total [3] - Among the 22 companies accepted on the Sci-Tech Innovation Board, 7 reported negative net profits for 2024 [3] Policy Impact on Market - The introduction of the "1+6" policy measures aims to enhance the inclusivity and adaptability of the Sci-Tech Innovation Board, benefiting brokers and private equity investments [5][6] - The revised regulations on major asset restructuring are expected to lower barriers and improve transaction efficiency, providing a boost to the investment banking sector [6] Private Placement and M&A Trends - As of August 12, 2023, 95 companies have completed private placements, raising a total of 727.92 billion yuan, a year-on-year increase of 537.47% [4] - Major banks have led the private placement market, with each raising over 100 billion yuan for liquidity purposes [4] - Brokers are expected to benefit from increased underwriting volumes and strategic placements in high-quality targets during market downturns [4]
2025年上半年A股股权承销排行榜
Wind万得· 2025-06-30 22:33
Core Viewpoint - The A-share equity financing market in the first half of 2025 experienced significant structural growth, with a total of 132 financing events, raising a total of 709.85 billion yuan, a year-on-year increase of 520.69% [1][4]. Group 1: Financing Overview - In the first half of 2025, the A-share market completed 132 financing events, an increase of 19 events compared to the same period last year, with a total financing amount of 709.85 billion yuan [1][4]. - The number of IPO projects reached 48, raising 38.002 billion yuan, a year-on-year increase of 25.53% [1][4]. - The number of private placements (定增) was 64, raising a total of 641.577 billion yuan, a year-on-year increase of 801.31% [1][4]. - Excluding policy-driven factors, the actual financing scale for the first half of 2025 was adjusted to 189.85 billion yuan, a year-on-year increase of 66.01% [1][4][10]. Group 2: Financing Method Distribution - In the first half of 2025, IPOs accounted for 5.35% of the total equity financing market, while private placements accounted for 90.38% [7]. - Convertible bonds raised 30.275 billion yuan, representing 4.27% of the total market [7]. Group 3: Industry Distribution of Financing Entities - The banking sector led with a total fundraising of 520 billion yuan, followed by the automotive and defense industries with 22.081 billion yuan and 21.439 billion yuan, respectively [11][14]. Group 4: Regional Distribution of Financing Entities - Beijing ranked first in regional fundraising with 413.993 billion yuan, followed by Shanghai with 145.105 billion yuan and Guangdong with 39.472 billion yuan [15][17]. Group 5: IPO Trends - The number of IPOs in the first half of 2025 was 48, with a total fundraising of 38.002 billion yuan, marking a 25.53% increase year-on-year [20]. - The Shanghai and Shenzhen main boards accounted for 46.11% of the total fundraising, while the ChiNext accounted for 27.86% [25]. Group 6: Underwriting Overview - Guotai Junan led the underwriting amount with 123.377 billion yuan, followed by CITIC Securities with 117.808 billion yuan and CITIC Jianzhong with 110.359 billion yuan [2][54]. - In terms of the number of underwriting projects, CITIC Securities led with 28 projects, followed by CITIC Jianzhong with 17 projects and Guotai Junan with 16 projects [56].
中信证券财报出炉:营收增长6.20%,上海、北京增长失速
Nan Fang Du Shi Bao· 2025-03-26 14:26
中信证券财报出炉:营收增长6.20%,上海、北京 增长失速 3月26日晚,中信证券发布了最新的2024年财报。数据显示,多项关键指标平稳增长,其中营业收入 637.89亿元,同比增长 6.20%;归属于母公司股东净利润217.04亿元,同比增长10.06%。 海通证券与国泰君安的整合冲击了中信证券"一哥"的地位,不过从2024年的财报来看,中信证券的多项 数据依旧保持领先水平。 不同业务板块不同发展态势 中信证券的主营业务主要由5大业务板块构成,分别为经纪业务、资产管理业务、证券投资业务、证券 承销业务、其他业务。 具体来看,经纪业务实现收入165.57亿元,同比增长8.92%,显示出公司在客户资源拓展和服务质量提 升方面的成效;资产管理业务收入为114.73亿元,同比增长5.78%,在资产管理领域保持稳定发展;证 券投资业务收入240.40亿元,同比增长 23.95%,体现出公司投资业务上精准的市场把握和出色的投资 决策能力。 业务板块有增长的"欢喜",也有下滑的"悲痛"。中信证券的证券承销业务收入为40.33亿元,同比下降 35.43%,这主要是受到A 股股权融资发行规模及重大资产重组交易规模同比大幅下降 ...