Investment Banking and Brokerage

Dongxing Securities Co., Ltd.

Dongxing Securities Co., Ltd. released FY2026 Q1 earnings on April 29 Pre-Market (BJT), actual revenue CNY 889.21 M, actual EPS CNY 0.104

Dongxing Securities Co., Ltd. to Release FY2026 Q1 Earnings on April 30 Pre-Market BJT

Dongxing Securities Co., Ltd. released FY2025 Annual Earnings on March 30 After-Market (BJT), actual revenue CNY 4.62 B (forecast CNY 4.683 B), actual EPS CNY 0.647 (forecast CNY 0.57)

Dongxing Securities Co., Ltd. released FY2025 Q4 earnings on March 30 After-Market (BJT), actual revenue CNY 1.058 B, actual EPS CNY 0.1522

Dongxing Securities Co., Ltd. to Release FY2025 Earnings on March 31 After-Market (BJT), Forecast Revenue CNY 4.683 B, EPS CNY 0.57

CS Financial Technology Index Down, Financial Technology ETF Underperforming

Cinda Securities Discusses Potential Merger with CICC and Orient Securities

Multiple Securities Firms Hold Q3 2025 Earnings Briefings

Dongxing Securities Co., Ltd. released FY2025 9 Months Earnings on October 30 Pre-Market (BJT), actual revenue CNY 3.163 B, actual EPS CNY 0.4953

Dongxing Securities Co., Ltd. released FY2025 Q3 earnings on October 30 Pre-Market (BJT), actual revenue CNY 1.354 B, actual EPS CNY 0.2424

Dongxing Securities Co., Ltd. to Release FY2025 Q3 Earnings on October 31, Pre-Market BJT

Dongxing Securities Co., Ltd. released FY2025 Q2 earnings on August 26 After-Market BJT, actual revenue CNY 793.02 M, actual EPS CNY 0.1349

Dongxing Securities Co., Ltd. released FY2025 Semi-Annual Earnings on August 26 After-Market (BJT), actual revenue CNY 1.809 B, actual EPS CNY 0.253

Dongxing Securities Co., Ltd. FY2025 Semi-Annual Earnings Release on August 27, 2025 (BJT)

Dongxing Securities' Controlling Shareholder Changes to Central Huijin

Dongxing Securities Obtains CSRC Approval for Up to 5 Billion Yuan Perpetual Subordinated Corporate Bonds

Dongx 兴 Securities Approved to Issue Up to 2 Billion Yuan Company Bonds

Securities Firms Release July 2025 Golden Stocks Portfolio

Wudang Mountain Tourism Group Bond Project Accepted

Dongxing Securities Responds to Stock Price Fluctuations and Future Measures

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CICC announced that it is planning to absorb and merge Dongxing Securities Co., Ltd. and Cinda Securities through a share swap. Related audit and other work has not yet been completed. The company will convene a board meeting to review the relevant proposals and fulfill information disclosure obligations after completion

Wallstreetcn

Hwabao WP CSI All Share Investment Banking & Brokerage ETF

Yinhua CSI All Share Investment Banking & Brokerage ETF

CICC

Guotai CSI All Share Investment Banking & Brokerage ETF

Cinda Securities

CICC: Audit and other work related to the absorption and merger of Dongxing Securities Co., Ltd. and Cinda Securities is not yet complete

Dongxing Securities Co., Ltd. expects its 2025 operating revenue to be 47.11 billion yuan, a year-on-year increase of 10.25%; net profit attributable to the parent company to be 21.02 billion yuan, a year-on-year increase of 36.10%; and basic earnings per share to be 0.647 yuan. The company plans to distribute a cash dividend of 0.09 yuan (including tax) per share to shareholders, with an estimated total cash dividend distribution of 2.91 billion yuan (including tax)

Dongxing Securities Co., Ltd.: 2025 Net Profit Attributable to the Parent Company Increased by 36.10% Year-on-Year, Proposed Dividend of 0.09 Yuan per Share

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CICC is planning to conduct a share swap merger by issuing A-shares to all A-share shareholders of Dongxing Securities Co., Ltd. and Cinda Securities. This transaction is expected to constitute a significant asset restructuring but will not constitute a restructuring listing. Currently, the relevant audit work has not been completed, and the company will convene a board meeting to review the relevant proposals after the audit is completed and fulfill its information disclosure obligations

AASTOCKS

GF Fund CSI HK Connect Financials(ex Banks) Thematic ETF

CICC: The audit work for the absorption and merger of Dongxing Securities Co., Ltd. and Cinda Securities has not yet been completed

China International Capital Corporation (CICC) announced a merger with Dongxing Securities and Cinda Securities, creating an entity with over 900 billion yuan in assets. CICC will issue 3.1 billion new A shares to acquire all outstanding shares of the two companies. The merger aims to strengthen support for national strategies and optimize resource allocation in China's securities industry. Upon completion, Central Huijin's stake in CICC will decrease from 40.11% to 24.44%. The merger aligns with Beijing's goal to build global financial champions.

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Chinese brokerage CICC announces share swap merger details with Dongxing and Cinda

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The A-share index showed divergence, with the ChiNext Index down 0.91%. CICC plans to conduct a stock swap to absorb Dongxing Securities Co., Ltd. and Cinda Securities. CICC and Dongxing Securities hit the daily limit, while Cinda Securities rose nearly 7%. The Hong Kong stock market opened lower, with the Hang Seng Index down 0.54% and the Hang Seng Tech Index down 1.11%. Most domestic commodity futures rose, with coking coal up 4.61%. Government bond futures opened mostly flat

Direxion FTSE China Bear 3X

Direxion FTSE China Bull 3X

AH shares opened lower, the ChiNext dropped 0.91%, MuXi fell, CICC, Dongxing Securities Co., Ltd., and Cinda Securities surged, and the Hang Seng Index fell over 1%

CICC absorbs and merges Dongxing and Cinda, outlining a new trillion-yuan brokerage profile with share exchange pricing and structural arrangements

CICC's trillion yuan merger "kickoff"

CICC disclosed a plan to absorb and merge Dongxing Securities Co., Ltd. and Cinda Securities through a share swap. The three stocks will resume trading on December 18, constituting the most significant merger in the brokerage sector recently. The implementation of the plan has led to a preemptive strengthening of the sector. Based on static data estimates for the first three quarters of 2025, the merged CICC is expected to have an operating income of approximately 27.4 billion yuan, while its capital scale will significantly increase, making it the fourth brokerage in the industry with total assets exceeding one trillion yuan, and its net asset ranking will also rise to fourth place

- On December 17, China International Capital Corporation (CICC) announced a stock-swap absorption merger with Dongxing Securities and Xinda Securities, set to take effect on December 18.  
- The stock-swap price for CICC is set at 36.91 CNY per share, allowing shareholders of the other two firms to exchange their shares at a ratio of 0.5188.  
- This merger aims to enhance synergies and expand resources among the firms, with CICC projected to achieve significant revenue and asset growth post-merger, ultimately becoming one of the top securities firms in China.

Tomorrow resumes trading! CICC merges with Dongxing and Cinda plan implemented: the exchange price is set at 36.91 yuan/share

Dongxing Securities Co., Ltd.(601198.SH)