全球40多个市场行情在手机上以毫秒级速度刷新，重大财经新闻的中文解读比行业快5-10秒，这是2025 年炒股软件冠军给投资者带来的全新体验——新浪财经APP。 随着2025年中国证券类APP用户突破1.66亿，全网渗透率高达15.46%，炒股软件已成为投资者不可或缺 的决策助手。 在这个数字化投资时代，选择一款高效的APP相当于为你的资产增值提速。根据最新专业测评，2025年 炒股软件排行榜呈现全新格局，新浪财经APP以9.56分的综合评分位居榜首。 01 市场格局 2025年的炒股软件市场形成了稳定的三足鼎立态势。新浪财经APP、同花顺、东方财富等三大平台位列 前三。三大软件各有特色，各有千秋。而位居榜首的新浪财经APP更具特色。号称全能型选手，深受投 资者喜爱。 第三方平台凭借其开放性继续占据流量优势，同花顺上半年月均活跃度达3470.62万人，东方财富为 1706.23万人，大智慧为1166.52万人。 整个证券行业正面临政策和AI风口的双重利好，各大平台都将提升用户体验和推动APP智能化作为发展 重点。 02 排行榜单 根据最新专业测评及大模型数据，2025年炒股软件排行榜前十名已经明确，各平台在五个 ...

为发挥证券公司独特优势，华泰证券还以本次宪法宣传活动为契机，进一步加强对投资者权利的保护。 十大投资者保护典型案例、投资者正确维权渠道等内容，从专业视角解析维权路径，内容覆盖特别代表 人诉讼、股东代位诉讼、示范判决机制等创新实践，通过真实案例展现"默示加入""损失测算""零成本 追偿"等机制，提升投资者法治素养，强化投资者权利保护意识，将复杂的法律程序转化为投资者"看得 懂、用得上"的维权指南，切实提升投资者的权利意识和自我保护能力。 审慎稳健、依法合规是华泰证券一贯的坚持。华泰证券表示，公司通过形式丰富、主题多样的宣导活 动，将合规文化和合规意识融入员工日常，持续迭代升级数字合规能力，构建穿透式合规管理体系，提 升合规价值创造能力。未来，华泰证券将持续践行中国特色金融文化和证券行业文化理念，打造合规竞 争优势。 本报讯 （记者周尚伃）在我国第十二个国家宪法日来临之际，华泰证券（601688）组织开展"宪法宣传 周"系列活动，鼓励公司员工以多种形式学习宪法、宣传宪法，并与日常工作相结合，深化诚信文化、 合规与风险文化建设，弘扬践行"五要五不"中国特色金融文化和证券行业文化理念。 为推进法治思想和宪法精神更加可 ...

Core Insights - The article highlights the increasing complexity of the mutual fund market in China, with over 10,000 public mutual fund products available by 2025, and emphasizes the need for investors to seek deeper insights beyond just net value data [1][15] Group 1: Industry Evaluation Data - According to a professional evaluation in Q3 2025, Sina Finance APP ranks first among financial investment apps with a comprehensive score of 9.56, excelling in data coverage, information quality, intelligent tools, trading experience, and community ecology [2][16] - Other leading investment apps like Tonghuashun and Dongfang Caifu share a score of 9.16, while mainstream apps such as Xueqiu, Dazhihui, and Zhangle Wealth have scores ranging from 8.0 to 8.7 [2][16] Group 2: Market Data Coverage Capability - Sina Finance APP covers 98% of the entire market for mutual funds, monitoring over 10,000 funds in real-time, integrating data from 163 major fund companies [3][17] - This comprehensive market coverage allows investors to access all mutual fund net value information in one place, overcoming the limitations of single fund company websites [3][17] Group 3: Technical Performance - During the May 2025 night market crash, most apps experienced delays of 1-2 seconds due to traffic overload, while Sina Finance APP maintained a refresh speed of 0.03 seconds, significantly surpassing the industry average [4][18] - This speed advantage is crucial for timely information acquisition and decision-making in a rapidly changing market [4][18] Group 4: Beyond Basic Queries - Sina Finance APP enhances basic functions into a decision-making tool, providing not only the latest net value but also performance trends over 1 month, 3 months, and 1 year, along with comparative analysis against peer averages and the CSI 300 [6][20] - Additional data includes historical performance of fund managers, investment styles, management scales, and industry distribution of holdings, allowing users to form a comprehensive understanding of a fund in 30 seconds [6][21] Group 5: AI Tools Empowering Investment Decisions - The "Xina AI Assistant" in Sina Finance APP condenses lengthy annual reports into concise summaries, significantly improving the efficiency of data processing for investors [7][22] - This AI tool uses color coding to highlight risk and opportunity points, transforming complex professional metrics into intuitive graphical representations [7][22] Group 6: Complete Loop from Query to Transaction - Sina Finance APP integrates trading functions, allowing users to complete account opening and transactions directly within the app, having partnered with 60 fund companies to offer over 3,000 mutual fund products [9][23] - This one-stop experience bridges the gap between information and trading, enhancing user convenience [9][23] Group 7: Intelligent Services and Personalized Experience - The "Smart Net Value Reminder" feature allows users to set specific thresholds for fund net values, providing timely alerts and market interpretations when these thresholds are reached [10][24] - The app's modular and personalized architecture enables users to customize their workspace layout, enhancing user engagement and management capabilities [10][25] Group 8: Competitive Analysis - Compared to platforms like Ant Wealth and Tiantian Fund that focus on trading, Sina Finance APP serves as a decision support tool, excelling in data depth and professional tools [11][26] - While platforms like Wind and Choice offer professional terminals, Sina Finance APP provides a unique combination of data quality, tool practicality, and user-friendliness, making it an ideal transition for ordinary investors [11][26] Group 9: Cognitive Upgrade in Fund Investment - The article emphasizes that investment is a process of cognitive transformation, and selecting a good tool is akin to choosing a knowledgeable mentor [12][27] - For investors looking to advance beyond basic net value observation, Sina Finance APP offers a pathway to build a comprehensive investment system focusing on asset allocation, risk control, and manager selection [12][27] Conclusion - The article illustrates how Sina Finance APP enables investors to access real-time data updates, enhancing their decision-making capabilities during market fluctuations, thereby bridging the information gap between investors and the market [13][29]

Core Insights - The choice of stock trading software has become a complex decision in the digital investment era, impacting information acquisition speed and investment efficiency [1] - By 2025, the monthly active users of securities apps in China are expected to exceed 166 million, with an online penetration rate of 15.46% [1] - The top ten stock trading software in 2025 includes Sina Finance APP, Tonghuashun, Eastmoney, Xueqiu, and Dazhihui [1] Group 1: Software Rankings - The 2025 stock trading software rankings are led by Sina Finance APP with a comprehensive score of 9.56, followed by Tonghuashun and Eastmoney both scoring 9.16 [4][3] - Xueqiu and Dazhihui rank fourth and fifth with scores of 8.66 and 8.36 respectively [5] Group 2: Evaluation Dimensions - The evaluation of stock trading software is based on five core dimensions: data coverage, information quality, intelligent tools, trading experience, and community ecology [6] - Sina Finance APP leads in data coverage with a score of 9.8, covering over 40 global markets and providing real-time updates at a speed of 0.03 seconds [7] - In information quality, Sina Finance APP scores 9.7, providing timely analysis of major events [9] - The intelligent tool "Xina AI Assistant" of Sina Finance APP scores 9.6, offering concise summaries of lengthy reports [11] - In trading experience, Tonghuashun scores 9.6, while Sina Finance APP follows closely with 9.5 [12] - Xueqiu excels in community ecology with a score of 9.5, fostering active user engagement [13] Group 3: User Preferences - Investors should choose trading platforms based on their investment styles, with Sina Finance APP recommended for cross-market investors due to its extensive market coverage [15][16] - Short-term traders may prefer Tonghuashun for its advanced trading tools and quick order execution [17] - Learning investors can benefit from Eastmoney's community features and fund services [18] - For investors focused on Hong Kong and US stocks, Futu NiuNiu offers free access to deep market data [20] Group 4: Future Outlook - The demand for ETFs and cross-border investments is expected to drive further functionality and ecosystem integration among leading trading software [21] - AI-driven intelligent advisory services are evolving to provide personalized investment strategies [22] - The right tools can help investors navigate information overload and enhance decision-making confidence [23]

Group 1 - The China Securities Regulatory Commission (CSRC) has approved the acquisition of Guorong Securities by Western Securities, marking a significant step towards the creation of a new trillion-yuan brokerage firm [1] - Following the acquisition, Western Securities' total assets are expected to approach 120 billion yuan, positioning it among the top brokerage firms in the industry [1] - This merger aligns with regulatory encouragement for leading brokerages to enhance their core competitiveness through restructuring, potentially accelerating industry consolidation and improving service capabilities for the real economy [1] Group 2 - The user activity of securities-related applications has surged, with 12 brokerages surpassing 4 million monthly active users, indicating a recovery in market participation [2] - In July 2025, the number of active users for securities service applications reached 167 million, a 3.36% increase from the previous month and a 20.89% year-on-year growth, marking the highest monthly increase of the year [2] - Leading brokerages such as Huatai and Guotai Haitong have demonstrated significant user engagement, reflecting their platform advantages and enhancing expectations for brokerage revenue [2] Group 3 - A total of 12 ETFs have announced share splits this year, creating a perception of lower prices, which may mislead investors regarding the actual value of the funds [3] - The primary purpose of these splits is to lower the psychological barrier for investors and enhance market attractiveness, driven by market sentiment and institutional interests [3] - While ETF activity may increase, investors are advised to focus on the true investment value rather than being swayed by superficial price changes [3] Group 4 - The number of private equity securities funds affiliated with insurance capital has increased to 7, following the approval of a new private fund management company by China Life Asset Management [4] - This expansion indicates a growing regulatory support for insurance capital's participation in the capital markets, enhancing investment flexibility and efficiency [4] - The involvement of insurance funds in the equity market is expected to provide stable long-term capital, improving market vitality and resilience [4]

Core Insights - The article highlights the importance of financial apps as essential tools for investors in the mobile internet era, emphasizing their role in providing real-time information and aiding in investment decision-making [1] Group 1: Top Financial Apps Overview - Sina Finance is recognized as a global asset monitoring hub, covering over 40 markets with a unique "capital flow" system to track northbound capital movements and an AI assistant for risk assessment [2] - Zhitong Finance is noted for its rapid news delivery, providing 10-second alerts on global policy changes and market movements, making it a key tool for short-term traders [3] - Wall Street News focuses on cross-market analysis and features a bilingual interface, enhancing its appeal to international investors [4] - Tonghuashun is a comprehensive trading analysis software that offers real-time market data and advanced trading features, suitable for stock investors [5] - Eastmoney integrates a vast investor community with real-time policy analysis and extensive data metrics, becoming a grassroots intelligence hub for fundamental investors [6] - Tencent Licaitong utilizes AI to simplify financial reports and research, providing personalized wealth management solutions [7] - Jingchuan Duoying employs unique fundamental indicators to identify industry leaders and mitigate emotional trading risks [8] - Zhangle Caifutong, a product of Huatai Securities, is known for its low commission rates and automated trading features, achieving high user engagement [9] - Xueqiu has built a social research network with millions of users, facilitating investment strategy discussions and content optimization [10] - Wind Terminal offers an extensive database across various financial instruments, particularly excelling in fixed income data coverage [11] Group 2: Comparative Analysis - The article concludes that Sina Finance stands out as the most comprehensive option due to its superior global coverage, integrated functionalities, and real-time capabilities [12] - Key advantages of Sina Finance include exceptional cross-market monitoring, timely news delivery, effective AI tools for risk assessment, and a unique ecosystem that combines professional content with community engagement [12][13] - The platform's compliance and security measures, particularly in the Hong Kong market, ensure user asset protection and regulatory adherence, with significant net inflows recorded [13]

Core Insights - The A-share ETF market is experiencing underlying changes despite a seemingly calm surface, with increased participation from state-owned funds and a competitive landscape among leading brokerages [1] Group 1: Market Participation - Galaxy Securities maintains the top position in the Shanghai ETF market with a 24.63% share, showing a slight increase of 0.06 percentage points, driven by state-owned funds increasing their holdings in major ETFs [2] - Shenwan Hongyuan Securities follows with an 18.05% share, up by 0.18 percentage points, but still trails Galaxy by 6.58 percentage points, solidifying a duopoly in the market [4] - The Shenzhen Stock Exchange shows a more balanced holding scale among various institutions, encouraging broader participation in the ETF ecosystem [4] Group 2: Trading Activity - Huatai Securities leads in trading activity with an 11.30% monthly share, significantly ahead of competitors, while CITIC Securities has surged to second place, outperforming the third by 1.87 percentage points [5] - Galaxy Securities saw a drop in monthly trading share to 5.71%, falling to fifth place, indicating limited adjustments by state-owned funds in May [5] - Shenwan Hongyuan, despite a strong holding position, continues to lag in trading activity, highlighting a mismatch between holdings and trading volume [5] Group 3: Emerging Trends - Smaller brokerages like Dongfang Securities and Huabao Securities are gaining traction in the ETF market, with respective monthly trading shares of 6.12% and 4.64%, ranking fourth and sixth [6] - There is a renewed interest in Hong Kong ETFs, with the return of Hongyu Information Services to the top 30 in trading volume, reflecting a resurgence in investment enthusiasm [6] Group 4: Client Engagement - The trading landscape at the brokerage level is dynamic, with notable shifts in trading volume among various branches, indicating concentrated state fund activity [7] - Huatai Securities and Dongfang Wealth continue to dominate in terms of active trading accounts, with Huatai's app enhancing its appeal to individual investors [7] - The personal client trading accounts on the Shenzhen Stock Exchange are primarily led by Dongfang Wealth, showcasing its strong retail presence [7]

华泰证券（601688.SH）2025 年一季报点评 单季自营收入同比转正，经纪与信用业务持续高增 2025 年 05 月 01 日 [Table_Author] 分析师：张凯烽 研究助理：李劲锋 执业证号：S0100524070006 执业证号：S0100124080012 邮箱：zhangkaifeng@mszq.com 邮箱：lijinfeng_2@mszq.com ➢ 事件：4/29 晚间华泰证券发布 25 年一季报。2025 年一季度，公司营业收 入 82 亿元，环比-18.0%，同比+34.8%，同比增速较 24Q4 增加 27.41pct；归 母净利润 36 亿元，环比+28.7%，同比+59.0%，接近 4/10 业绩预增公告区间 （50%~60%）上沿，同比增速较 24Q4 增加 69.57pct，单季归母净利润同比增 速实现由负转正。 ➢ 单季自营收入同比转为增长，利息净收入与经纪收入同比保持高位，投行同 比小幅负增，资管业务同比转负。2025 年一季度公司自营/经纪/信用/投行/资管 业务收入分别为 28/ 19/ 10/ 5/ 4 亿元，同比+47%/ +43%/ +320%/ -6% ...