证券之星消息，10月13日多元金融板块较上一交易日下跌0.62%，四川双马领跌。当日上证指数报收于 3889.5，下跌0.19%。深证成指报收于13231.47，下跌0.93%。多元金融板块个股涨跌见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | --- | --- | --- | --- | --- | --- | | 603300 | 海南华铁 | 8.15 | 3.95% | 461.06万 | 34.29 Z | | 000987 | 越秀资本 | 8.17 | 2.90% | 99.07万 | 8.10亿 | | 000958 | 电投产融 | 6.53 | 0.77% | 34.97万 | 2.26亿 | | 002961 | 瑞达期货 | 21.06 | 0.05% | - 4.64万 | 9614.01万 | | 600901 | 江苏金租 | 5.64 | 0.00% | 39.85万 | 2.23亿 | | 000617 | 中油资本 | 11.03 | -0.63% | 191.01万 | 20.88亿 | | 600927 | 永安期货 ...

中国创新投资(01217.HK)公布，于2025年9月30日，公司每股股份的未经审核资产净值约为 0.047 港 元。 | 指标 | 中国创新投资 | 多元金融 行业平均 | 行业排名 | | --- | --- | --- | --- | | ROE | 3.61% | -10.37% | 38 129 | | 港股流通市值 | 1.92亿 | 72.43 乙 | 86 129 | | 营业收入 | 3924.0万 | 24.96亿 | 89 129 | | 净利率 | 74.85% | -1247.62% | 11 129 | | 毛利率 | | 48.67% | | | 负债率 | 8.26% | 40.41% | 28 129 | 以上内容为证券之星据公开信息整理，由AI算法生成（网信算备310104345710301240019号），不构成 投资建议。 截至2025年10月13日收盘，中国创新投资(01217.HK)报收于0.01港元，与上一交易日持平，成交量 9707.2万股，成交额139.23万港元。投行对该股关注度不高，90天内无投行对其给出评级。 中国创新投资港股市值1.92亿港元，在多元金 ...

Investment Rating - The report maintains an "Overweight" rating for the non-bank financial industry [1] Core Insights - The report highlights the regulatory push for high-quality development in health insurance and the implementation of "reporting and operation integration" in non-auto insurance, which is expected to improve industry profitability [1][4] Summary by Sections Non-Bank Financial Subsector Performance - In the recent two trading days (October 9-10, 2025), all non-bank financial sub-sectors outperformed the CSI 300 index, with the securities sector rising by 0.55%, insurance by 0.72%, and diversified finance by 1.68%, while the overall non-bank financial sector increased by 0.71% [9][10] Non-Bank Financial Subsector Views Securities - Trading volume has increased year-on-year, with the average daily trading volume for October 2025 reaching CNY 30,222 billion, a 35.10% increase compared to October 2024 [14] - The margin trading balance as of October 9, 2025, was CNY 24,455 billion, up 58.00% year-on-year [14] - The average price-to-book (PB) ratio for the securities industry is projected at 1.4x for 2025 [19] Insurance - The regulatory body has issued guidelines to promote high-quality development in health insurance, aiming for a multi-tiered health insurance market by 2030 [21] - Health insurance premiums totaled CNY 7,598 billion from January to August 2025, reflecting a 2.4% year-on-year growth [25] - The implementation of "reporting and operation integration" in non-auto insurance is expected to enhance profitability, with total premiums for non-auto insurance reaching CNY 6,195 billion, accounting for 50.8% of total premiums [24] Diversified Finance - The trust industry saw its asset scale reach CNY 29.56 trillion by the end of 2024, a 23.58% increase year-on-year, although profits declined significantly [32] - The futures market recorded a trading volume of 839 million contracts and a turnover of CNY 65.08 trillion in August 2025, marking year-on-year increases of 13.98% and 21.38%, respectively [35] Industry Ranking and Key Company Recommendations - The report ranks the insurance sector highest, followed by securities and diversified finance, recommending companies such as China Ping An, New China Life, China Pacific Insurance, CITIC Securities, Tonghuashun, and Jiufang Zhitu Holdings [48]

Group 1 - Lianhua Holdings expects a net profit of 250 million to 280 million yuan for the first three quarters of 2025, representing a year-on-year increase of 51.39% to 69.55% [1] - Yuexiu Capital anticipates a net profit of 2.922 billion to 3.094 billion yuan for the first three quarters of 2025, with a year-on-year growth of 70% to 80% [2] - Dongxin Co., Ltd. plans to transfer 3% of its shares, totaling 13.2675 million shares, due to the shareholders' funding needs [3] Group 2 - China Unicom intends to reduce its shareholding by up to 1.2%, amounting to a maximum of 375 million shares, between November 3, 2025, and February 3, 2026 [5] - Wavelength Optoelectronics' director plans to sell up to 180,400 shares, representing 0.16% of the total share capital, due to personal funding needs [7] - Hubei Energy reported a power generation of 3.138 billion kWh in September, a year-on-year decrease of 21.18% [9] Group 3 - Dongyangguang expects a net profit of 847 million to 937 million yuan for the first three quarters of 2025, reflecting a year-on-year increase of 171.08% to 199.88% [19] - Dao's Technology reported a net profit of 415 million yuan for the first three quarters of 2025, a year-on-year increase of 182.45% [20] - Lianhua Technology plans to acquire 20% equity of Hubei Juntai Pharmaceutical for 25 million yuan, achieving full ownership [21] Group 4 - Tongyu Communication is establishing a special fund in collaboration with Shenzhen Chengdian Dwei, aiming to invest in a leading low-orbit satellite internet company [23] - New Life plans to acquire 100% equity of Jinnan Magnetic Materials for 1.054 billion yuan, with the transaction expected to constitute a major asset restructuring [25] - Nengke Technology intends to raise 1 billion yuan through a private placement for the development of AI platforms and tools [26]

Core Viewpoint - Yuexiu Capital (000987) is expected to achieve a significant increase in net profit for the first three quarters of 2025, with projections indicating a year-on-year growth of 70% to 80% [1] Financial Performance - The projected net profit attributable to shareholders for the first three quarters of 2025 is estimated to be between 2.922 billion yuan and 3.094 billion yuan [1] - For the third quarter alone, the expected net profit is forecasted to be between 1.364 billion yuan and 1.536 billion yuan, reflecting a year-on-year growth of 94% to 118% [1] - The company's operational performance is set to reach a new high [1]

越秀资本公告，预计2025年前三季度净利润为29.22亿元到30.94亿元，同比增长70%-80%。预计第三季 度净利润为13.64亿元到15.36亿元，同比增长94%-118%。前三季度扣除非经常性损益后的净利润预计为 14.06亿元到15.78亿元，同比增长18%-32%。 ...

Investment Rating - The report maintains a "Positive" investment rating for the investment banking and brokerage industry [7] Core Insights - Recent market enthusiasm remains high, with Q3 brokerage performance expected to continue its growth trend. The long-term ROE central tendency is anticipated to rise. In the insurance sector, the logic of deposit migration, increased equity allocation, and improved new policy costs is confirmed, leading to greater certainty in long-term ROE improvement and accelerated valuation recovery. Overall, the cost-performance ratio for investment is gradually increasing [2][4] Summary by Sections Industry Performance - The non-bank financial index increased by 2.7% last week, with an excess return of 0.7% relative to the CSI 300. Year-to-date, the non-bank financial index is up 6.9%, but underperforms the CSI 300 by 11.0% [5][17] Market Activity - Market activity has slightly declined, with an average daily trading volume of 21,876.96 billion yuan, down 5.43% week-on-week. The average turnover rate is 2.28%, a decrease of 17.11 basis points [5][39] Insurance Sector - In August 2025, cumulative insurance premium income reached 479.99 billion yuan, a year-on-year increase of 9.63%. Life insurance premiums grew by 14.05%, while property insurance premiums increased by 4.67% [21][25] Brokerage Recommendations - The report recommends stable dividend-paying stocks such as Jiangsu Jinzhong, China Ping An, and China Pacific Insurance, along with companies like New China Life, China Life, Hong Kong Exchanges, CITIC Securities, Dongfang Wealth, and Tonghuashun based on performance elasticity and valuation [4][6] Financing Activities - In September 2025, equity financing reached 41.634 billion yuan, a month-on-month increase of 86.6%, while bond financing totaled 8.11 trillion yuan, up 8.3% [50]

Core Insights - The diversified financial sector experienced a slight increase of 0.39% on October 10, with Haide Co., Ltd. leading the gains [1] - The Shanghai Composite Index closed at 3897.03, down 0.94%, while the Shenzhen Component Index closed at 13355.42, down 2.7% [1] Stock Performance - Haide Co., Ltd. (000567) closed at 6.75, up 2.90% with a trading volume of 357,600 shares and a turnover of 241 million yuan [1] - Other notable performers included Xiangyi Rongtong (600830) with a closing price of 16.6, up 1.85%, and Electric Investment Production Finance (000958) at 6.48, up 1.57% [1] - The overall trading volume and turnover for the diversified financial sector showed significant activity, with major stocks contributing to the sector's performance [1] Capital Flow - The diversified financial sector saw a net outflow of 80.43 million yuan from institutional investors, while retail investors contributed a net inflow of 32.82 million yuan [2] - Notable stocks with significant capital flow included Zhongyou Capital (000617) with a net outflow of 30.38 million yuan from institutional investors [3] - Sichuan Shuangma (000935) and Xinli Financial (600318) also experienced notable net inflows from retail investors, indicating varied investor sentiment across the sector [3]

Market Overview - On October 9, the diversified financial sector rose by 0.83% compared to the previous trading day, with Zhongyou Capital leading the gains [1] - The Shanghai Composite Index closed at 3933.97, up 1.32%, while the Shenzhen Component Index closed at 13725.56, up 1.47% [1] Stock Performance - Zhongyou Capital (000617) closed at 10.95, with a gain of 4.29% and a trading volume of 2.1613 million shares, amounting to a transaction value of 2.351 billion [1] - Sichuan Shuangma (000935) closed at 22.28, up 4.01%, with a trading volume of 149,200 shares, totaling 329 million [1] - Lakala (300773) closed at 24.96, increasing by 2.55%, with a trading volume of 291,000 shares, resulting in a transaction value of 722 million [1] - Other notable performers include Wukuang Capital (600390) with a 1.69% increase and a closing price of 6.03, and Guowang Yingda (600517) with a 1.53% increase, closing at 5.96 [1] Fund Flow Analysis - The diversified financial sector saw a net inflow of 4.6744 million from institutional investors, while retail investors experienced a net inflow of 17.8885 million [2] - However, speculative funds recorded a net outflow of 22.5628 million [2] Individual Stock Fund Flow - Zhongyou Capital had a net inflow of 15.2 million from institutional investors, while it faced a net outflow of 13.198 million from speculative funds [3] - Sichuan Shuangma experienced a net inflow of 31.5265 million from institutional investors, but a net outflow of 9.3913 million from speculative funds [3] - Zhejiang Dongfang (600120) had a net inflow of 15.1213 million from institutional investors, with a net outflow of 13.9351 million from speculative funds [3]

Investment Rating - The report suggests a focus on three main lines of investment opportunities in the securities and insurance sectors, indicating a positive outlook for the industry [2][4]. Core Insights - The securities sector has seen a significant increase in daily trading volume, with a year-on-year growth of 117% as of Q3 2025, indicating strong market activity [1]. - The margin financing balance reached a record high of 24,287 billion yuan, with a year-on-year increase of 29.9%, suggesting robust investor engagement [1]. - The report anticipates strong performance in brokerage, interest, and proprietary trading revenues, with positive earnings expected in the third quarter [1]. - In the insurance sector, the recent regulatory guidance is expected to accelerate the development of health insurance, particularly in commercial medical insurance, which is projected to be a core growth area [3][4]. - The report highlights the potential for significant growth in diversified financial services, particularly for Hong Kong Exchanges, benefiting from deepening connectivity and increased trading activity [2]. Summary by Sections Securities Sector - Daily average stock trading volume reached 1 trillion yuan, up 117% year-on-year [1]. - The Shanghai Composite Index rose by 12.7% in Q3 2025, while the CSI 300 Index increased by 17.9% [1]. - The report recommends focusing on brokerage firms with high trading and margin financing ratios, particularly those with low valuations [2]. Insurance Sector - The health insurance market is expected to grow rapidly, driven by new regulatory support for commercial medical insurance [3]. - The report emphasizes the importance of specialized health insurance companies and the potential for positive earnings growth in Q3 2025 [4]. - Key recommendations include focusing on leading life insurance companies with strong business quality and low liability costs [4]. Market Dynamics - The report notes that the insurance trust market has surpassed 300 billion yuan, with a significant share held by major players like Ping An [38]. - The classification results for securities firms indicate a stable distribution of A, B, and C-rated companies, reflecting a healthy competitive landscape [39].