长江商报奔腾新闻记者 徐佳 受益于资本市场活跃度提升，金融信息服务行业龙头同花顺（300033.SZ）业绩高速增长。 10月22日晚间，同花顺发布三季报。2025年前三季度，同花顺实现营业收入32.61亿元，同比增长 39.67%；归属于上市公司股东的净利润（以下简称"净利润"）12.06亿元，同比增长85.29%；扣除非经 常性损益的净利润（以下简称"扣非净利润"）11.71亿元，同比增长85.5%。 三季报显示，2025年前三季度，同花顺持续聚焦互联网金融信息服务主业，稳步推进年度经营计划，深 化人工智能技术与既有业务的融合应用，盈利能力显著提升。 长江商报奔腾新闻记者注意到，2025年前三个季度中，同花顺分别实现营业收入7.48亿元、10.31亿元、 14.81亿元，同比增长20.91%、33.82%、56.72%；净利润1.2亿元、3.81亿元、7.04亿元，同比增长 15.91%、47.27%、144.5%；扣非净利润1.13亿元、3.72亿元、6.86亿元，同比增长13.72%、51.5%、 139.4%，业绩增速逐季度提升，且第三季度净利润和扣非净利润均实现翻倍增长。 不仅如此，2025年前三季 ...

责任编辑：小浪快报 10月16日，东方财富跌0.47%，成交额60.49亿元。两融数据显示，当日东方财富获融资买入额11.27亿 元，融资偿还11.18亿元，融资净买入921.93万元。截至10月16日，东方财富融资融券余额合计287.22亿 元。 融资方面，东方财富当日融资买入11.27亿元。当前融资余额287.02亿元，占流通市值的7.14%，融资余 额超过近一年90%分位水平，处于高位。 融券方面，东方财富10月16日融券偿还6.08万股，融券卖出10.32万股，按当日收盘价计算，卖出金额 262.33万元；融券余量80.41万股，融券余额2044.03万元，低于近一年10%分位水平，处于低位。 资料显示，东方财富信息股份有限公司位于上海市徐汇区宛平南路88号东方财富大厦，成立日期2005年 1月20日，上市日期2010年3月19日，公司主营业务涉及证券业务、金融电子商务服务业务、金融数据服 务业务及互联网广告服务业务等。主营业务收入构成为：金融电子商务服务89.75%，金融数据服务等 10.25%。 截至6月30日，东方财富股东户数111.22万，较上期减少3.72%；人均流通股12026股，较上期增 ...

Core Insights - The stock price of Tonghuashun increased by 2.01% on September 29, reaching 367.14 CNY per share, with a total market capitalization of 197.37 billion CNY [1] - The company reported a year-to-date stock price increase of 29.09%, but a decline of 0.48% over the last five trading days and 7.59% over the last twenty days [1] - For the first half of 2025, Tonghuashun achieved operating revenue of 1.779 billion CNY, a year-on-year growth of 28.07%, and a net profit attributable to shareholders of 502 million CNY, up 38.29% [2] Financial Performance - The company has cumulatively distributed dividends of 7.991 billion CNY since its A-share listing, with 4.193 billion CNY distributed in the last three years [3] - As of June 30, 2025, the number of shareholders decreased by 2.77% to 86,800, while the average circulating shares per person increased by 2.84% to 3,175 shares [2] Shareholder Structure - As of June 30, 2025, Hong Kong Central Clearing Limited was the third-largest circulating shareholder, holding 12.2971 million shares, a decrease of 1.8611 million shares from the previous period [3] - The seventh-largest circulating shareholder, E Fund's ChiNext ETF, held 5.084 million shares, with a slight decrease of 4,721 shares [3] - The ninth-largest shareholder, Huatai-PB CSI 300 ETF, increased its holdings by 300,800 shares to 3.9361 million shares [3]

Core Insights - In the first half of 2025, 150 brokerage firms achieved operating income of 251 billion yuan, a year-on-year increase of 23%, and net profit of 112.3 billion yuan, a year-on-year increase of 40% [1] - Among 42 listed brokerages, total operating income reached 251.9 billion yuan, a year-on-year increase of 31%, with net profit attributable to shareholders of 104 billion yuan, a year-on-year increase of 65% [1] Group 1: Performance of Securities IT Companies - The performance of major listed companies in the securities IT industry varied, with companies like Tonghuashun showing the highest sales expenses and expense ratio [1][2] - Tonghuashun's operating income for the first half of 2025 was 1.779 billion yuan, a year-on-year increase of 28.07%, and its net profit attributable to shareholders was 502 million yuan, a year-on-year increase of 38.29% [2] - Despite strong performance, Tonghuashun had the highest sales expenses of 335 million yuan and a sales expense ratio of 18.82%, significantly above the average of 10.24% for the other five companies [2][5] Group 2: Financial Metrics and Ratios - Tonghuashun's sales expenses grew by 38.15%, outpacing its revenue growth of 28.07%, indicating a high dependency on marketing for its performance [5] - The asset-liability ratio for Tonghuashun was 33.64%, the highest among the six companies analyzed, while other companies had lower ratios ranging from 4.37% to 31.36% [5] - As of mid-2025, Tonghuashun held 8.618 billion yuan in cash, representing 83.41% of its total assets, with a low cash yield of approximately 0.79% [6][7] Group 3: Investment and Utilization of Cash - The lack of trading financial assets for Tonghuashun raises questions about the utilization of its substantial cash reserves, as it has not invested in financial products to enhance cash yield [6][7] - In contrast, another securities IT service provider, Dingdian Software, achieved a higher cash yield of approximately 1.23% due to its investment strategies [6][7]

资料显示，浙江核新同花顺网络信息股份有限公司位于浙江省杭州市余杭区五常街道同顺街18号，成立 日期2001年8月24日，上市日期2009年12月25日，公司主营业务涉及为各类机构客户提供软件产品和系 统维护服务、金融数据服务、智能推广服务,为个人投资者提供金融资讯、投资理财分析工具、理财产 品投资交易服务等。主营业务收入构成为：增值电信业务48.33%，广告及互联网推广服务36.01%，基 金销售及其他业务9.43%，软件销售及维护6.22%。 同花顺所属申万行业为：计算机-软件开发-垂直应用软件。所属概念板块包括：互联金融、彩票、金融 科技、数据要素、区块链等。 截至6月30日，同花顺股东户数8.68万，较上期减少2.77%；人均流通股3175股，较上期增加2.84%。 2025年1月-6月，同花顺实现营业收入17.79亿元，同比增长28.07%；归母净利润5.02亿元，同比增长 38.29%。 9月22日，同花顺盘中上涨2.05%，截至13:14，报368.01元/股，成交17.61亿元，换手率1.76%，总市值 1978.42亿元。 资金流向方面，主力资金净流出4163.91万元，特大单买入2.79亿元 ...

Core Insights - On September 17, Tonghuashun's stock rose by 3.83%, with a trading volume of 6.868 billion yuan [1] - For the same day, the financing buy amount was 1.199 billion yuan, while the financing repayment was 868 million yuan, resulting in a net financing purchase of 331 million yuan [1] - As of September 17, the total financing and securities lending balance for Tonghuashun was 6.489 billion yuan, indicating a high level of financing activity [1] Financing and Securities Lending - On September 17, Tonghuashun's financing buy was 1.199 billion yuan, with a current financing balance of 6.474 billion yuan, accounting for 3.31% of the circulating market value [1] - The financing balance is above the 90th percentile level for the past year, indicating a high position [1] - In terms of securities lending, 1,900 shares were repaid, and 700 shares were sold, with a selling amount of 273,300 yuan calculated at the closing price [1] - The securities lending balance was 14.7188 million yuan, also exceeding the 90th percentile level for the past year [1] Company Overview - Zhejiang Huaxin Tonghuashun Network Information Co., Ltd. was established on August 24, 2001, and listed on December 25, 2009 [1] - The company provides software products, system maintenance services, financial data services, and investment analysis tools for individual investors [1] - The revenue composition includes: 48.33% from value-added telecommunications services, 36.01% from advertising and internet promotion services, 9.43% from fund sales and other businesses, and 6.22% from software sales and maintenance [1] Financial Performance - As of June 30, the number of shareholders was 86,800, a decrease of 2.77% from the previous period [2] - The average circulating shares per person increased by 2.84% to 3,175 shares [2] - For the first half of 2025, Tonghuashun achieved operating revenue of 1.779 billion yuan, a year-on-year increase of 28.07%, and a net profit attributable to shareholders of 502 million yuan, up 38.29% year-on-year [2] Dividend Distribution - Since its A-share listing, Tonghuashun has distributed a total of 7.991 billion yuan in dividends, with 4.193 billion yuan distributed in the last three years [3] Institutional Holdings - As of June 30, 2025, Hong Kong Central Clearing Limited was the third-largest circulating shareholder, holding 12.2971 million shares, a decrease of 1.8611 million shares from the previous period [3] - E Fund's ChiNext ETF was the seventh-largest circulating shareholder, holding 5.084 million shares, a decrease of 4,721 shares [3] - Huatai-PB's CSI 300 ETF increased its holdings by 300,800 shares, while E Fund's CSI 300 ETF entered as a new shareholder with 2.7551 million shares [3]

Core Viewpoint - The announcement of a planned share reduction by the controlling shareholder of Tonghuashun led to significant market reactions, with investors expressing skepticism about the motives behind the reduction, labeling it as a "high-level cash-out" [1][4]. Group 1: Share Reduction Announcement - On September 5, Tonghuashun announced that its controlling shareholder, Yi Zheng, and another major shareholder, Kaishun Technology, planned to reduce their holdings by up to 1.3831 million shares, representing 0.26% of the total share capital [1][2]. - The announcement sparked controversy, with some investors mocking it as a "high-level cash-out invitation" [1][4]. Group 2: Market Reaction - Following the announcement, Tonghuashun's stock price fell sharply on September 8, dropping over 6% at one point and closing down 4.95%, resulting in a market value loss of approximately 9.623 billion yuan [4][2]. - The very next day, on September 9, Tonghuashun announced that Yi Zheng decided to terminate the planned share reduction, leading to the term "one-day tour" being used to describe the situation [2][4]. Group 3: Financial Implications - Based on the closing price of 361.5 yuan per share on September 5, the planned reduction could have resulted in cashing out approximately 500 million yuan, with Yi Zheng personally set to reduce 684,000 shares for about 247 million yuan [3][4]. - Yi Zheng had not sold any shares since the company's listing in December 2009, although there was a previous attempt to reduce holdings in March 2023 that did not materialize [5]. Group 4: Company Performance - Over the past year, Tonghuashun's stock price has increased by over 250%, reaching a historical high of 426.88 yuan per share on August 18 [6]. - For the first half of 2025, Tonghuashun reported a total revenue of 1.779 billion yuan, a year-on-year increase of 28.07%, and a net profit attributable to shareholders of 502 million yuan, up 38.3% [7]. - The growth in revenue was attributed to increased user activity on its website and app, as well as a rise in demand for financial information services due to a recovering capital market [7].

Company Overview - Tonghuashun, established on August 24, 2001, and listed on December 25, 2009, is located in Yuhang District, Hangzhou, Zhejiang Province. The company provides software products, system maintenance services, financial data services, and investment analysis tools for individual investors [1][2]. Financial Performance - For the first half of 2025, Tonghuashun achieved a revenue of 1.779 billion yuan, representing a year-on-year growth of 28.07%. The net profit attributable to shareholders was 502 million yuan, reflecting a growth of 38.29% [2]. - The company has distributed a total of 7.938 billion yuan in dividends since its A-share listing, with 4.14 billion yuan distributed in the last three years [3]. Stock Performance - As of September 11, Tonghuashun's stock price increased by 2.02% to 358.50 yuan per share, with a total market capitalization of 192.73 billion yuan. The stock has risen by 26.01% year-to-date and 48.02% over the past 60 days [1]. - The trading volume on September 11 was 1.991 billion yuan, with a turnover rate of 2.05% [1]. Shareholder Structure - As of June 30, 2025, the number of shareholders was 86,800, a decrease of 2.77% from the previous period. The average number of circulating shares per person increased by 2.84% to 3,175 shares [2]. - The top ten circulating shareholders include Hong Kong Central Clearing Limited, which holds 12.2971 million shares, and E Fund's various ETFs, with some holdings decreasing and others increasing [3]. Industry Classification - Tonghuashun is classified under the computer software development industry, specifically in vertical application software. It is associated with concepts such as Internet finance, lottery, financial technology, ChatGPT, and data elements [2].

Group 1 - Ruihu Mould achieved a net profit of 227 million yuan in the first half of 2025, a year-on-year increase of 40.33% [1] - The company reported an operating income of 1.662 billion yuan, representing a year-on-year growth of 48.3% [1] - The main business focuses on automotive manufacturing equipment and lightweight automotive components [1] Group 2 - Dongfang Fortune announced that shareholder Shen Yougen's inquiry transfer price is set at 21.66 yuan per share [1] - The transfer will not occur through centralized bidding or block trading, and the shares cannot be transferred within six months [1] - The company specializes in securities, financial e-commerce services, and financial data services [1] Group 3 - Yunnan Copper plans to purchase 40% of Liangshan Mining for 2.324 billion yuan through a share issuance [3] - The transaction involves issuing shares to the controlling shareholder and indirect controlling shareholder to raise matching funds [3] - The company is engaged in copper exploration, mining, smelting, and processing of precious and rare metals [3] Group 4 - Changchuan Technology reported a net profit of 427 million yuan in the first half of 2025, a year-on-year increase of 98.73% [15] - The company achieved an operating income of 2.167 billion yuan, reflecting a year-on-year growth of 41.8% [15] - The main business is focused on the research, production, and sales of integrated circuit equipment [15] Group 5 - ST Lingda reported a net loss of 105 million yuan in the first half of 2025, an improvement from a net loss of 168 million yuan in the same period last year [17] - The company achieved an operating income of 59.93 million yuan, a year-on-year increase of 72.39% [17] - The main business involves high-efficiency photovoltaic solar cells and photovoltaic power generation [17] Group 6 - Anning Co. plans to acquire 100% equity of three companies for 6.508 billion yuan through phased cash payments [14] - The acquisition aims to enhance resource reserves, business scale, market share, and profitability [14] - The company primarily engages in the mining, washing, and sales of vanadium-titanium magnetite [14] Group 7 - Huylv Ecological is planning a major asset restructuring, with stock suspension effective from July 22, 2025 [13] - The restructuring involves issuing shares and cash to acquire 49% equity of Wuhan Junheng Technology [13] - The company specializes in landscape engineering construction and design [13] Group 8 - ST Xifa is planning to acquire the remaining 50% equity of Lhasa Beer for cash, which will lead to full control of the company [26] - The transaction is in the planning stage and is expected to constitute a major asset restructuring [26] - The company is involved in the production and sales of beer [26]

浙江核新同花顺网络信息股份有限公司 2024 年度董事会工作报告 二、公司信息披露情况 2024 年，公司董事会严格按照《公司法》《证券法》《上市公司信息披露管理 办法》《深圳证券交易所创业板股票上市规则》《深圳证券交易所上市公司自律监 管指引第 2 号——创业板上市公司规范运作》《深圳证券交易所上市公司自律监 管指引第 5 号——信息披露事务管理》等法律法规、规范性文件及监管部门的相 关规定和要求，不断完善公司法人治理结构、建立健全公司内部管理和控制制度， 持续深入开展公司治理活动，不断规范公司运作，提升公司治理水平。现将公司 董事会 2024 年度工作情况汇报如下： 一、报告期内主要业务及经营情况 1.主要业务回顾 公司是国内领先的互联网金融信息服务提供商，产品及服务覆盖产业链上下 游的各层次参与主体，包括证券公司、基金、银行、保险、政府、研究机构、上 市公司等机构客户，以及广大个人投资者。公司主要业务是为各类机构客户提供 各类基于 AI 智能的软件产品和系统维护服务、金融数据服务、智能推广服务， 为个人投资者提供各类基于 AI 智能的金融资讯、投资理财分析工具、理财产品 投资交易服务等。 公司主要收入来 ...