华安证券：一季度净利润5.25亿元 同比增长87.79% 智通财经4月28日电，华安证券(600909.SH)公告称，2025年第一季度营业收入为14.31亿元，同比增长 72.02%；归属于上市公司股东的净利润为5.25亿元，同比增长87.79%。主要原因为证券投资、经纪业 务、投资银行业务等业务收入同比增幅较大。 ...

Core Viewpoint - The company, Dongfang Caifu, has shown a significant recovery in its performance in 2024 and continues to grow in 2025, driven by increased trading volumes and net income from agency transactions [1][3][4]. Financial Performance - In Q1 2025, the company achieved total revenue of 3.486 billion yuan, a year-on-year increase of 41.93%, and a net profit attributable to shareholders of 2.715 billion yuan, up 38.96% [1][3]. - For the full year 2024, the company reported total revenue of 11.604 billion yuan, a 4.72% increase year-on-year, and a net profit of 9.61 billion yuan, growing by 17.29% [2][3]. - The net income from fees and commissions in 2024 reached 6.113 billion yuan, reflecting a year-on-year growth of 23.07% [2]. Business Segments - The company's net income from fees and commissions accounted for 56.17% of total revenue in Q1 2025, with a significant year-on-year increase of 65.57% [1]. - All three major business segments, including financial e-commerce services, financial data services, and internet advertising services, reported growth in Q1 2025 [4]. Debt Issuance and Financing - The company has completed the issuance of 3 billion yuan in bonds as part of a larger plan to issue up to 20 billion yuan in bonds to supplement its working capital [1][7]. - The company has also seen a significant increase in its financial asset sales and short-term borrowings, indicating an active expansion of its funding base [7]. Market Position and Future Prospects - The approval for Dongfang Caifu to engage in market-making trading activities is expected to enhance its market share and competitiveness in the brokerage industry [6]. - The company has experienced substantial growth over the past decade, with total revenue increasing approximately 18 times and net profit growing about 57 times from 2015 to 2024 [6].

1. Report Industry Investment Rating No information provided in the content. 2. Core View of the Report In March 2025, the leverage ratio of the inter - bank bond market increased month - on - month but was slightly lower than the historical average. The total bond custody scale of China Central Depository & Clearing Co., Ltd. (CCDC) and Shanghai Clearing House increased. Different institutions had different investment preferences for various bond types, with commercial banks significantly increasing their allocation of interest - rate bonds and broad - based funds increasing their allocation of inter - bank certificates of deposit [1][2][4]. 3. Summary According to the Directory 3.1 Bank - Inter Leverage Ratio: Up Month - on - Month, Lower than the Same Period in Previous Years At the end of March, the inter - bank bond market leverage ratio was 107.03%, up 0.8 pct from 106.23% at the end of the previous month, and slightly lower than the historical average [1][12]. 3.2 Custody Data Overview In March 2025, the total bond custody scale of CCDC and Shanghai Clearing House was 166.22 trillion yuan, a month - on - month increase of 2655.6 billion yuan. CCDC's custody scale increased by 1308.9 billion yuan, and Shanghai Clearing House's increased by 1346.7 billion yuan. Treasury bonds, local government bonds, policy - bank bonds, medium - term notes, and inter - bank certificates of deposit contributed to the increase, while enterprise bonds, short - term financing bonds, and private placement notes contributed to the decrease [2][15]. 3.3 By Bond Type: Net Financing of Treasury Bonds and Inter - bank Certificates of Deposit Increased, Credit Bonds Had Net Repayment - **Interest - rate Bonds**: In March 2025, the total custody scale of major interest - rate bonds was 109.14 trillion yuan, a month - on - month increase of 1584.1 billion yuan. Commercial banks and broad - based funds were the main buyers, increasing their holdings by 814.8 billion yuan and 401.4 billion yuan respectively. For treasury bonds, commercial banks were the main buyers; for policy - bank bonds, broad - based funds were the main buyers; for local government bonds, commercial banks and broad - based funds increased their holdings [3][17][48]. - **Credit Bonds**: The total custody scale of major credit bonds was 15.54 trillion yuan, a month - on - month decrease of 1.01 billion yuan. Broad - based funds and commercial banks increased their holdings. For enterprise bonds, all institutions reduced their holdings; for medium - term notes, commercial banks were the main buyers; for short - term financing bonds, broad - based funds were the main buyers; for ultra - short - term financing bonds, multiple institutions reduced their holdings [3][29][48]. - **Inter - bank Certificates of Deposit**: The custody scale was 21.18 trillion yuan, a month - on - month increase of 1115 billion yuan. Broad - based funds were the main buyers, increasing their holdings by 1306.6 billion yuan, while commercial banks were the main sellers, reducing their holdings by 264.8 billion yuan [3][45][48]. 3.4 By Institution: Commercial Banks Significantly Increased Allocation of Interest - rate Bonds, Broad - based Funds Increased Allocation of Inter - bank Certificates of Deposit - **Commercial Banks**: The custody scale of major bonds was 80.04 trillion yuan, a month - on - month increase of 561.1 billion yuan. They increased their holdings of interest - rate bonds and credit bonds by 814.8 billion yuan and 11.1 billion yuan respectively, and reduced their holdings of inter - bank certificates of deposit by 264.8 billion yuan. They increased their allocation of treasury bonds and local government bonds in interest - rate bonds and medium - term notes in credit bonds [4][49]. - **Broad - based Funds**: The custody scale of major bonds was 35.53 trillion yuan, a month - on - month increase of 1729.7 billion yuan. They increased their holdings of interest - rate bonds, credit bonds, and inter - bank certificates of deposit by 401.4 billion yuan, 21.8 billion yuan, and 1306.6 billion yuan respectively. They increased their allocation of local government bonds, treasury bonds, and policy - bank bonds in interest - rate bonds and medium - term notes and short - term financing bonds in credit bonds [4][49]. - **Overseas Institutions**: The custody scale of major bonds was 4.20 trillion yuan, a month - on - month increase of 146.5 billion yuan. They increased their holdings of interest - rate bonds, inter - bank certificates of deposit, and credit bonds by 3.2 billion yuan, 141.1 billion yuan, and 2.2 billion yuan respectively. They mainly increased their allocation of treasury bonds in interest - rate bonds and slightly increased their allocation of medium - term notes, short - term financing bonds, and ultra - short - term financing bonds in credit bonds [4][53]. - **Insurance Institutions**: The custody scale of major bonds was 4.03 trillion yuan, a month - on - month increase of 93.5 billion yuan. They increased their holdings of interest - rate bonds and inter - bank certificates of deposit by 93.1 billion yuan and 1.3 billion yuan respectively, and reduced their holdings of credit bonds by 1 billion yuan. They mainly increased their allocation of local government bonds and treasury bonds in interest - rate bonds and slightly reduced their allocation of medium - term notes and enterprise bonds in credit bonds [4][53]. - **Securities Companies**: The custody scale of major bonds was 2.76 trillion yuan, a month - on - month increase of 118.1 billion yuan. They increased their holdings of interest - rate bonds, credit bonds, and inter - bank certificates of deposit by 88.7 billion yuan, 3.3 billion yuan, and 26.1 billion yuan respectively. They mainly increased their allocation of treasury bonds in interest - rate bonds and increased their allocation of medium - term notes in credit bonds [4][53]. - **Credit Unions**: The custody scale of major bonds was 1.89 trillion yuan, a month - on - month decrease of 14.8 billion yuan. They increased their holdings of interest - rate bonds by 21.6 billion yuan and reduced their holdings of credit bonds and inter - bank certificates of deposit by 0.63 billion yuan and 35.8 billion yuan respectively. They increased their allocation of treasury bonds, policy - bank bonds, and local government bonds in interest - rate bonds [5][54].

LSEG 《前瞻》中国4月底政治局会议料不轻易露"底牌"，但会释放增量信号振奋信心 - Reuters News み 2025年4月25日 10:09:44 上午 中国财长和央行行长近日出席二十国集团（G20）会议，蓝佛安强调中国主张通过平等对话协商解决贸易和关税争议；潘功胜则表示 各方应加强合作，努力避免全球经济滑向'高摩擦、低信任'的轨道。 **明确增量预期** 张迪认为，4月政治局会议或释放更加积极的工作基调：一方面、加快已有政策工具的落实、包括加快政府债券的发行进度、为下半 年政策加码腾出空间；另一方面，给出增量政策信号， 待外部环境进入稳态后， 适时推出政策储备。 路透北京4月25日 - 中国4月底即将召开政治局会议，为全年经济工作开展"划重点"。但鉴于中美谈判形势尚未明晰，分析人士普 遍预期，会议可能难见"大水漫灌"式激进策略. 因为不轻易亮出全部"底牌"。预计随着贸易战进展"攻守兼备", 择机出动, 不过他们认为，总体会议在强调落实既有政策基础上，也会释放增量政策信号提振信心。具体来看，刺激内需尤其是消费的政策将 逐渐浮出水面, 如提高居民收入、提供育儿补贴等, 后续聚焦与社会保障体系密切相关的 ...

在长效公益机制建设层面，独创的"1+1+N"协作模式展现出强大的资源整合能力。该机制以金融机构与 律所的专业联盟为支点，辐射至社区，通过"金融法治进社区""法律知识进企业"等普惠行动，将投教服 务嵌入社会肌理。配套实施的"双通道入围"人才选拔体系，采用机构推荐与公开招募并举的路径，依 托"黄金三角评估模型"从专业力、公益力、传播力三个维度严选法律先锋。这些青年大使深度参与投教 内容创作，在社区普法讲座、企业合规咨询等多元场景中化身法治火种的传播者，形成专业价值与社会 责任的双向赋能。 专题：515投资者保护！新浪财经2025年度投教案例展播中 新浪财经"2025年度投教优秀案例评选"活动已于3月21日正式启动。东海基金"东海·青年律师公益投教 计划"投教品牌参选"最佳投资者教育创新奖"类别。>>活动详情 据悉，东海基金与东海证券投教基地共同发起的"东海·青年律师公益投教计划"，以跨界融合之势开辟 了投资者教育新范式。这项公益投教项目通过系统性整合法律专业力量与金融实务经验，构建起"知识 共享-人才培育-场景渗透"三位一体的服务生态，着力于提升投资者风险识别能力与权益保护意识，为 资本市场构筑起法治化运行的深层 ...

Core Viewpoint - Nomura Holdings reported a significant increase in Group net revenue for the fiscal year ending March 2025, indicating strong financial performance and growth potential in the investment banking sector [4]. Financial Performance - Group net revenue increased by 21% year-on-year [4]. - The conference call was held to discuss the fourth quarter and full-year operating results, highlighting the company's financial achievements [1]. Conference Call Details - The conference call was hosted by Takumi Kitamura, the Chief Financial Officer of Nomura Holdings, who provided an overview of the financial results [3]. - The call included participation from various securities firms, indicating a broad interest in the company's performance [1].

Group 1 - The China Securities Regulatory Commission (CSRC) announced a list of 287 proposed recruits for civil service positions in 2025, including 28 from brokerage firms and 7 from fund companies [1][2] - This trend of brokerage employees transitioning to regulatory roles is not new, with previous instances in March and April 2024 where employees from various brokerages were also included in civil service recruitment lists [2][3] - The CSRC aims to strengthen its regulatory capabilities by recruiting 331 professionals with backgrounds in law, accounting, finance, and computer science for various positions [3] Group 2 - The brokerage industry is experiencing a significant talent drain, with a total of 32.61 million employees as of April 15, 2024, down from 33.15 million at the end of the previous year, marking a decrease of 5,374 employees [4] - Major brokerages like GF Securities and CITIC Securities have reported substantial staff reductions, with GF Securities losing over 1,000 employees and CITIC Securities reducing its workforce by 856 [4] - The decline in employee numbers is attributed to decreasing salary attractiveness and market environment changes, particularly affecting investment banking roles due to a downturn in financing activities [4]

登录新浪财经APP 搜索【信披】查看更多考评等级 股票代码：000686 股票简称：东北证券 公告编号：2025-026 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误导性陈述或重大遗 漏。 重要内容提示： 1.公司董事会、监事会及董事、监事、高级管理人员保证季度报告的真实、准确、完整，不存在虚假记 载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 2.公司负责人李福春先生、主管会计工作负责人王天文先生及会计机构负责人刘雪山先生声明：保证季 度报告中财务信息的真实、准确、完整。 3.公司2025年第一季度报告未经会计师事务所审计。 一、主要合并财务数据 （一）主要合并会计数据和财务指标 报告期内，公司无需追溯调整或重述以前年度会计数据。 截止披露前一交易日的公司总股本： 用最新股本计算的全面摊薄每股收益： （二）合并非经常性损益项目和金额 （三）主要合并会计数据和财务指标发生变动的情况及原因 单位：（人民币）元 （四）母公司净资本及有关风险控制指标 单位：（人民币）元 单位：（人民币）元 公司不存在其他符合非经常性损益定义的损益项目的具体情况。 公司不存在将《公开发行证券的公 ...

Core Viewpoint - The company, Xinyi Securities, has announced its 2024 annual report and the first quarter report for 2025, ensuring the accuracy and completeness of the financial information provided [2][7]. Financial Data Summary - The financial statements for the first quarter of 2025 have not been audited [3]. - The company has reported significant financial data, including net capital and risk control indicators, which have been restated according to regulatory standards [3]. - Non-recurring gains and losses have been identified, with specific amounts noted, although detailed figures are not provided in the documents [4]. Shareholder Information - The total number of ordinary shareholders and the status of major shareholders have been documented, but no significant changes have been reported in the top ten shareholders [6]. Investor Communication - An investor briefing session is scheduled for May 12, 2025, from 16:00 to 17:00, to discuss the 2024 annual results and the first quarter of 2025 [8][10]. - The session will be held online at the Shanghai Stock Exchange Roadshow Center, allowing investors to submit questions in advance [12][13]. - Key company personnel, including the president and CFO, will participate in the session to address investor inquiries [10][11].

国海证券（000750）2024年度业绩说明会4月21日下午在全景网举行。在投资者交流环节，国海证券表 示，2024年，公司制定实施《服务"五篇大文章"工作方案》，扎实做好金融"五篇大文章"17项工作举 措，从融资端、投资端、研究端发力，引导金融资源服务新质生产力发展。科技金融和绿色金融方面， 全年为科技、绿色领域投融资38亿元，助力4家科创、绿色企业新三板挂牌，绿色、普惠金融债二级市 场交易量超172亿元。加强全产业链研究，发布科技、绿色、普惠等领域深度研究报告320篇。新设绿色 主体公募基金规模79.9亿元。普惠金融和养老金融方面，持续升级"她财富"服务品牌，打造"女性专属 财富教练、家庭财富管理专家"，2024年末管理大资管产品近1,900亿元，较上年末增长8%，零售业务 受托管理资产规模近2900亿元，较上年末增长5%。全年新设立普惠主题公募基金3只，募集规模87亿 元，持营普惠主题公募基金111只。开展"保险+期货"试点项目13个。丰富养老金融产品服务供给，管理 养老目标基金3只，持续升级优化适老化服务，为老年客户提供更加便捷、安全的服务。数字金融方 面，迭代优化金探号APP、数字员工、投顾平台等系 ...