（编辑 丛可心） 证券日报网讯 1月7日，东兴证券在互动平台回答投资者提问时表示，公司主要业务包括财富管理业 务、投资交易业务、投资银行业务、资产管理业务、期货业务和境外业务。其中，境外业务由公司全资 子公司东兴香港开展。东兴香港及其子公司的主要业务包括：投资控股；香港证监会核准的第1类（证 券交易）、第4类（就证券提供意见）、第6类（就机构融资提供意见）、第9类（提供资产管理）。 ...

截至发稿，中国银河市值为1719亿元。 每经头条（nbdtoutiao）——地产"优等生"受困20亿元到期债务，首次债务展期仍在博弈，明年还有超 百亿元公开债到期 （记者 王晓波） 每经AI快讯，中国银河（SH 601881，收盘价：15.72元）12月23日晚间发布公告称，公司第五届第十次 董事会临时会议于2025年12月23日以现场和通讯相结合的方式召开。会议审议了《公司与银河金控签订 <证券和金融产品交易框架协议>并设定2026-2028年持续性关联交易上限的议案》等文件。 2025年1至6月份，中国银河的营业收入构成为：证券经纪业务占比43.11%，投资交易业务占比 28.07%，其他母子公司一体化业务占比9.33%，海外业务占比8.0%，机构业务占比7.59%。 ...

截至发稿，东兴证券市值为424亿元。 每经头条（nbdtoutiao）——"太空快递"来了？全国首个民营飞船成功"上天"！背后公司创始人：正积 极开发"中型货运飞船"低成本产品 （记者 张明双） 每经AI快讯，东兴证券（SH 601198，收盘价：13.13元）12月17日晚间发布公告称，公司第六届第十一 次董事会会议于2025年12月17日在北京市西城区金融大街9号金融街中心18层第一会议室以现场及通讯 表决方式召开。会议审议了《关于暂不召开股东会审议本次交易相关事宜的议案》等文件。 2025年1至6月份，东兴证券的营业收入构成为：证券经纪业务占比38.98%，投资交易业务占比 37.14%，投资银行业务占比11.16%，其他业务占比6.78%，资产管理业务占比5.94%。 ...

中金公司、东兴证券、信达证券三家券商11月20日开市起正式停牌！预计停牌时间不超过25个交易日。 11月19日晚，中金公司、东兴证券、信达证券发布《关于筹划重大资产重组的停牌公告》，三家公司正 在筹划由中金公司通过向东兴证券、信达证券全体A股换股股东发行A股股票的方式换股吸收合并东兴 证券、信达证券。 此次整合，是2024年新"国九条"发布后又一例大型券商深度整合案例。 根据Wind数据，如果后续合并工作进展顺利，合并后，三家券商资产总额将超万亿元，达到10095.83亿 元，在业内将可居于第四，位于中信证券、国泰海通和华泰证券之后。 此前，中金公司、东兴证券、信达证券已拥有共同的实控人——中央汇金。此次重组筹划表明，中央汇 金券商板块新一轮大整合已经启幕。 第四家超万亿券商将诞生 根据Wind数据，如合并完成，三家券商合计总资产将超万亿元，达到10095.83亿元，营收合计为273.90 亿元，归母净利润合计为95.20亿元。 三家券商合并后资产总额将在业内排名第四，位居中信证券、国泰海通和华泰证券之后；归母净利润则 排名第六，位居中信证券、国泰海通、华泰证券、中国银河和广发证券之后。 根据2025年三季报 ...

Group 1 - Dongxing Securities (SH 601198, closing price: 12.94 yuan) announced on October 31 that its sixth board meeting will be held on October 30, 2025, in Beijing, discussing the revision of the internal audit system [1] - For the first half of 2025, the revenue composition of Dongxing Securities is as follows: securities brokerage business accounts for 38.98%, investment trading business for 37.14%, investment banking business for 11.16%, other businesses for 6.78%, and asset management business for 5.94% [1]

Group 1 - Dongxing Securities announced the resignation of Ms. Duosha as the securities affairs representative due to work adjustments, effective October 31, 2025 [1] - The board of directors appointed Ms. Shangwen as the new securities affairs representative to assist the board secretary in fulfilling responsibilities [1] Group 2 - For the first half of 2025, Dongxing Securities reported a revenue composition where securities brokerage accounted for 38.98%, investment trading for 37.14%, investment banking for 11.16%, other businesses for 6.78%, and asset management for 5.94% [1]

Core Insights - CITIC Securities has become the first domestic brokerage to surpass a total asset scale of 2 trillion yuan, reaching 2.03 trillion yuan as of September 30, 2025, marking a significant milestone in its growth [1][2] Financial Performance - For the first three quarters of 2025, CITIC Securities reported a substantial increase in net profit, with a total net profit of 94.4 billion yuan in Q3, reflecting a year-on-year growth of 51.54% and a quarter-on-quarter increase of 31.59% [2] - The company's operating revenue for Q3 2025 was 227.75 billion yuan, representing a year-on-year increase of 55.71% [2] - The net income from brokerage services reached 10.939 billion yuan, up 52.9% year-on-year, while investment banking services generated 3.689 billion yuan, a 30.88% increase [1] - Asset management services contributed 8.703 billion yuan, reflecting a year-on-year growth of 16.37%, and proprietary trading income surged to 31.603 billion yuan, marking a significant increase of 169.40% [1] Asset Management - As of September 30, 2025, CITIC Securities' total asset management scale exceeded 4.7 trillion yuan, indicating robust growth in this segment [2]

Core Viewpoint - CITIC Securities reported strong financial performance for Q3 2025, with significant year-on-year growth in both revenue and net profit, driven by increases in various business segments [1] Financial Performance - For Q3 2025, the company achieved operating revenue of 22.775 billion, representing a year-on-year increase of 55.71% [1] - The net profit attributable to shareholders for Q3 2025 was 9.440 billion, reflecting a year-on-year growth of 51.54% [1] - From the beginning of the year to the end of the reporting period, the total operating revenue reached 55.815 billion, marking a year-on-year increase of 32.70% [1] - The net profit attributable to shareholders for the year-to-date period was 23.159 billion, showing a year-on-year growth of 37.86% [1] Business Segments - The increase in revenue was primarily driven by growth in brokerage, investment banking, asset management, and investment trading businesses [1]

Core Viewpoint - CITIC Securities has reported a significant increase in total assets, surpassing 2 trillion yuan, marking it as the first securities company in China to achieve this milestone [1][3]. Financial Performance - As of September 30, 2025, CITIC Securities achieved total assets of 2.03 trillion yuan, with a year-on-year increase of 18.45% [2][3]. - The company reported operating income of 55.81 billion yuan for the first three quarters of 2025, reflecting a year-on-year growth of 32.70% [2][4]. - Net profit attributable to shareholders reached 23.16 billion yuan, up 37.86% compared to the same period last year [2][4]. - The return on equity (ROE) was 8.15%, an increase of 1.85 percentage points year-on-year [3][4]. Revenue Breakdown - The net income from commissions and fees was 24.56 billion yuan, a 35.67% increase year-on-year [5]. - Brokerage business net income was 10.94 billion yuan, while investment banking and asset management net income were 3.69 billion yuan and 8.70 billion yuan, respectively, all showing significant growth [5]. - Investment income surged to 32.84 billion yuan, marking a 190.05% increase due to higher returns from financial instruments [5]. Market Position and Achievements - CITIC Securities led the market in underwriting, completing 112.3 billion yuan in equity underwriting for the Sci-Tech Innovation Board, Growth Enterprise Market, and Beijing Stock Exchange from 2023 to Q3 2025 [5]. - The company also ranked first in the issuance of technology innovation bonds and green bonds, with amounts of 387.3 billion yuan and 181 billion yuan, respectively [5]. Stock Performance - As of October 24, 2025, CITIC Securities' A-share price closed at 29.87 yuan, with a total market capitalization of 442.69 billion yuan [6][7]. - The stock experienced significant trading activity, with a notable sell order of 1.04 billion yuan at the close of trading [6].

Core Insights - The company reported a significant increase in net profit for Q3, reaching 9.44 billion yuan, a year-on-year growth of 51.54% [1][3] - Total assets surpassed 2 trillion yuan for the first time, reaching 2.03 trillion yuan, reflecting an 18.45% increase compared to the end of the previous year [1][3] - Investment income for the first three quarters surged to 32.84 billion yuan, marking a dramatic increase of 190.05% year-on-year [1][3] Financial Performance - Q3 operating revenue reached 22.78 billion yuan, up 55.71% from the same period last year [2][3] - The net profit attributable to shareholders for the first three quarters totaled 23.16 billion yuan, a 37.86% increase year-on-year [3] - The net income from commissions and fees for the first three quarters was 24.56 billion yuan, reflecting a 35.67% year-on-year growth [3] Business Segments - The growth in revenue was driven by robust performance across brokerage, investment banking, and asset management businesses [3] - Brokerage fees saw a notable increase, rising from 7.15 billion yuan in the previous year to 10.94 billion yuan [3] - Investment banking and asset management also recorded steady growth in net income from fees [3] Investment Gains - The company achieved investment income of 32.84 billion yuan in the first three quarters, primarily due to increased gains from financial instruments [3] - Fair value changes resulted in a loss of 756 million yuan, contrasting sharply with over 10.7 billion yuan in gains from the previous year [3] Cash Flow and Assets - The net cash flow from operating activities for the first three quarters was 56.20 billion yuan, down 50.53% year-on-year, attributed to increased cash outflows for lending [4] - The company's asset management subsidiary, Huaxia Fund, reported a net profit of 866 million yuan for Q3, with total managed assets reaching 3.0068 trillion yuan [5]