Group 1 - The core viewpoint of the article highlights the strategic expansion of Huatu Shanding in response to the trends of returning to hometowns and diversification in the civil service exam training market [1] - Huatu Shanding has introduced a new class type called "Direct Train Class" that breaks the boundaries of exams and is based on subject types, leveraging rental and scale advantages for stronger profitability [1] - It is projected that by Q1 2026, the number of Direct Train Base Classes will exceed 70, with a potential growth to around 320 classes in the next three years, corresponding to an estimated profit of approximately 1 billion yuan [1] Group 2 - The company's expected operating revenue for 2025, 2026, and 2027 is forecasted to be 3.313 billion, 3.94 billion, and 4.676 billion yuan respectively, with year-on-year growth rates of 17%, 19%, and 19% [1] - The projected net profit attributable to the parent company for the same years is estimated to be 324 million, 400 million, and 596 million yuan, reflecting significant growth rates of 512%, 23%, and 49% respectively [1] - The report initiates coverage of the company with a "Buy" rating, indicating a positive outlook on its future performance [1]

Group 1 - The core viewpoint of the article highlights the growth potential of Huatu Shanding in the public examination training market, driven by trends towards localization and diversification of training programs [1] - Huatu Shanding is expected to launch a new direct train class model based on subject types, which will enhance profitability through rental advantages and economies of scale [1] - By the end of Q1 2026, the number of direct train base classes is projected to exceed 70, with a target of approximately 320 classes in the next three years, corresponding to a profit of around 1 billion yuan [1] Group 2 - Revenue forecasts for Huatu Shanding indicate total operating income of 3.313 billion yuan, 3.94 billion yuan, and 4.676 billion yuan for the years 2025, 2026, and 2027, reflecting year-on-year growth rates of 17%, 19%, and 19% respectively [1] - The company's net profit attributable to shareholders is expected to be 324 million yuan, 400 million yuan, and 596 million yuan for the years 2025, 2026, and 2027, with significant year-on-year growth of 512%, 23%, and 49% respectively [1] - The report initiates coverage of the company with a "buy" rating, indicating a positive outlook for its future performance [1]

经*ST立航财务部门初步测算，*ST立航预计2025年年度营业收入为32,000.00万元到35,000.00万元，扣 除与主营业务无关的业务收入和不具备商业实质的收入后的营业收入为32,000.00万元到35,000.00万元， 预计2025年年度实现利润总额-15,300.00万元到-19,300.00万元，预计归属于母公司所有者的净利润 为-15,000.00万元到-19,000.00万元，预计扣除非经常性损益后的净利润为-15,300.00万元到-19,300.00万 元，预计归属于母公司所有者的扣除非经常性损益后的净利润为-15,200.00万元到-19,200.00万元。 立航科技首次公开发行股票的发行费用总额为4450.37万元，其中，保荐与承销费用2966.98万元。 (责任编辑：马欣) MACD金叉信号形成，这些股涨势不错！ 2023年至2024年，立航科技营业收入分别为2.35亿元、2.90亿元，归属于上市公司股东的净利润分别 为-6,831.02万元、-9,393.56万元，归属于上市公司股东的扣除非经常性损益的净利润分别为-6,214.00万 元、-9,881.33万元，经营活动产生的 ...

记者丨李益文 编辑丨叶映橙 视频丨王学权 1月28日，现货黄金涨势不减再创新高，首次突破5200美元/盎司，截至发稿已站上5220美元/盎司，本月累计上涨逾880美元，涨幅超20%。 | W | 伦敦金现 | | | | | | --- | --- | --- | --- | --- | --- | | | SPTAUUSDOZ.IDC | | | | | | 5221.810 | | 昨结 | 5181.748 | 息量 | 0 | | +40.062 | | +0.77% 开盘 | 5179.233 | 现手 | 0 | | 最高价 | | 5224.020 持 仓 | 0 | 外 盘 | 0 | | 最低价 | 5156.570 | 增 仓 | 0 | 内 盘 | 0 | | 书时 | 五日 | | 周K | 重名 | (0) | | 叠加 | | | 均价:0.000 | | | | 5224.020 | | | | -----0:82% 卖一 5222.070 | | | | | | | 买一 5221.810 | | | | | | | 9:50 5222.048 | 0 | | | | | | ...

Core Viewpoint - Current active funds are significantly underweight in the non-bank sector, indicating a potential opportunity for investment as the capital market remains active and reforms deepen [1] Group 1 - Active funds have a notable underallocation to the non-bank sector, suggesting a mispricing that could be corrected as market conditions improve [1] - The ongoing activity in the capital market, along with the deepening of reforms, is expected to attract more medium to long-term capital into the market [1] - There is an increasing trend of residents allocating more to equity investments, which bodes well for the non-bank financial sector [1] Group 2 - The non-bank financial sector is viewed positively for its beta characteristics, making it an attractive option for investors looking for growth [1]

智通财经APP讯，华西证券(002926.SZ)发布2025年度业绩预告，预计全年实现归属于上市公司股东的净 利润12.7亿元至16.5亿元，同比增长74.46%-126.66%。 2025年，我国资本市场整体呈现上行态势，投资者信心持续回暖，市场交投活跃度显著提升。公司积极 把握市场机遇，稳中求进，推动财富管理业务和投资业务均实现较高增长，经营业绩稳步提升。 ...

华西证券公告，预计2025年度净利润为12.7亿元–16.5亿元，同比增长74.46%-126.66%。2025年，我国资 本市场整体呈现上行态势，投资者信心持续回暖，市场交投活跃度显著提升。公司积极把握市场机遇， 稳中求进，推动 财富管理业务和投资业务均实现较高增长，经营业绩稳步提升。 ...

格隆汇1月27日丨华西证券(002926.SZ)公布，预计2025年归属于上市公司股东的净利润127,000.00 万元–165,000.00万元，比上年同期增长74.46%-126.66%，扣除非经常性损益后的净利润128,000.00万元– 166,000.00万元，比上年同期增长80.73%-134.38%。 【免责声明】本文仅代表作者本人观点，与和讯网无关。和讯网站对文中陈述、观点判断保持中立，不对所包含内容 的准确性、可靠性或完整性提供任何明示或暗示的保证。请读者仅作参考，并请自行承担全部责任。邮箱： news_center@staff.hexun.com 2025 年，我国资本市场整体呈现上行态势，投资者信心持续回暖，市场交投活跃度显著提升。公 司积极把握市场机遇，稳中求进，推动财富管理业务和投资业务均实现较高增长，经营业绩稳步提升。 （责任编辑：郭健东 ） ...

（文章来源：每日经济新闻） 每经AI快讯，1月27日，华西证券(002926.SZ)公告称，华西证券预计2025年归属于上市公司股东的净利 润为12.70亿元至16.50亿元，比上年同期增长74.46%至126.66%。2025年资本市场整体上行，投资者信 心回暖、交投活跃，公司把握机遇，推动财富管理及投资业务增长，业绩稳步提升。 ...

关于股东减持计划期限届满暨实施情况的公告 本公司及董事会全体成员保证信息披露的内容真实、准确和完整，没有 虚假记载、误导性陈述或重大遗漏。 华西证券股份有限公司（以下简称"公司"）于 2025 年 9 月 25 日披露了《关 于股东减持计划的预披露公告》。持有股份 178,329,599 股（占公司总股本比例 6.79%）的股东四川剑南春（集团）有限责任公司（以下简称"剑南春公司"） 计划自本公告披露之日起 15 个交易日后的 3 个月内以集中竞价方式、大宗交易 方式合计减持不超过 26,250,000 股的公司股份，即减持股份不超过公司总股本 的 1%。其中：通过集中竞价方式减持本公司股份不超过 13,125,000 股,即减持 股份不超过公司总股本的 0.5%；通过大宗交易方式减持本公司股份不超过 13,125,000 股,即减持股份不超过公司总股本的 0.5%。 公司近日收到剑南春公司出具的《关于减持计划期限届满暨实施情况的告知 函》，截至 2026 年 1 月 26 日，剑南春公司减持计划期限已经届满，具体减持实 施情况如下： 证券代码：002926 证券简称：华西证券 公告编号：2026-002 华 ...