证券行业周报：板块整体表现回暖，两融余额环比上涨

2025-02-282025-03-312025-04-30沪深3002025 月1;I5[行业证实业_-微[=业4业  -20.00%-15.00%-10.00%-5.00%0.00%5.00%2024-12-31证券行业推荐分别营: rIf, 9332 :A02; .aigyi : chiuxleekxr:i.c1机对护深3H树现网5.005-15KN2L8N, ,HI究管2325-13[__t, i. - 2: 2CoI's*, i14E.T 202 33，w.;xf/,k*29252323， 2C26 2025-01-31证券行业 日录Catalog情费盘·）权报：司证兴权标：）股：大司二广商平二涨1.8S务二，正瞬第业动态：证监交发市修训后的上中公司券车资金临管现则：）装高人法院、广回证冶会临台发公关“格公山报法司法务案罩资交立高成：发展的若导总业一）中国证监会发作修收后的《上市公司重人资产业组誉理办法）A成交致1.2万之，总案额[比上器0.19二）股进来3家分市，资金额超5：亿（）公司，场共计4只发们：）板当间值1.27（5，」15H）Unless otherwise indicated, please refer to the Valuation and Risk sections within the body of this report. For a complete set of reliable indicator of future results. Additional information will be made available upon request. UBS Securities Co. Limited is licensed to2025 01:39 AM GMT. UBS has designated certain UBS Global Research department members as Derivatives Research Analysts wheresecurity or issuer that the analyst covered in this report: (1) all of the views expressed accurately reflect his or her personal views abouthistorical performance information; certain additional disclosures concerning UBS Global Research recommendations; and terms and1112 、行情复盘（）板块：本周证券板块上涨2.18%，跑赢大档1.06%22（！15E），证举就-，、数-1.16、.U.4：正#快3指数.2点，下交本（，，司为13：指效1：1.1212可 .L5H1 34332..04fi.:1414-1-13 （一）个股：本周上市商平均上涨189%（.21），证2.1），A（1.，证（.11）(司（n.21）：获司尺4-2.484禁3·77-1124：，东7州;57-16，574：F1人F（-1.08本.12-1..1.4.12证举6.0：，中可（.11）、系证举（2.-3：客：3.2） 41 i.2.3sc;r.,21:4 车妆集与行业动态（）证监会发布惨计后的上市公司募荣资金监管舰则5月1日，证监公发布限计后的1公司票证会临规则（以下许打"主%产好则“：内，格1.，，好、安个、得甲，品，于山可1公情片，1公“及情"，小照，·监冶实用效，期，可，，！，：、买事核十可：几客置换，，产等，【二）最高大法院、回证监会联合发布关于严格公正执司法务保障资本市场高质量发的指导点见5月1号日，商人尺法院，中固证脂公项合变布主关了严路公正执法可法呢务保降本中场高发成的拍？（以下，“：，指提了22，一了权成木，对东层行的，运行会，优化市场生志，降账投资齐维投成。六，寸营人格之表收计行、长款保计，，法规非本，限范市场与大行为，净化资术市场生态，业以范级人行为面，控京！项将 ，司，：，中！化会商和信点共享工作机制行，将多，排动“尚、”宗，会，做，，，下的华：社“点”间产5』16，证监会安布了修总后的三上市公项人资产纠管办法：（以下称“处是准立重份对价分则支付机制，、次牛情改注则、划受资产：：，地税高对财务求说变北，同重竞尔和关联交好监管的也容度法将上分当两出独士”内安求，空为“本宝寸源关状发三上本受：“会与收新州立大“测影购产生分的易三是端股量组滑易市模程际，组运：则用后易组交易：正交品四是完兽额定期则女持上市公川之间略收合并。办认：确门公Ⅱ之股长合的实“，14 1运人 15 ,1. 2021-072021-082021-092021-102021-112021-122022-012022-022022-032022-042022-052022-062022-072022-082022-092022-102022-112022-122023-01沪深两市累计成交额（万亿元）（左轴）2024-05-062024-05-232024-06-122024-07-012024-07-182024-08-062024-08-232024-09-112024-10-092024-10-282024-11-142024-12-032024-12-202025-01-092025-02-052025-02-242025-03-132025/4/12025/4/212025/5/13区间换手率For financial instruments admitted to trading on an EU regulated market: UBS (excluding UBS Securities LLC) acts as a market maker or liquidity provider (in（）本周股口均城交额1.2万忆，两融余额怀比上涨019%网成1.6/.2.，在185，（，，1万，，对」年降在，汽15.1.1股1换J7.5，降.9，宗4（5.5.1）1均两伞度为1.5：位.：.上漆.19%，对+年7.9%：中1均效1.，，：亲，7.75沪保商市累计岁交额（万亿无）（左抽）区间换手率 2023-022023-032023-042023-052023-062023-072023-082023-092023-102023-112023-122024-012024-022024-032024-042024-052024-062024-072024-082024-092024-102024-112024-122025-012025-02年度日均股基成交额（亿元）（右轴）05,00010,00015,00020,00025,000融资融券余额年度日均资基读交额（亿元）（右期）网：股化.25,000admitted to trading on a non-EU regulated market: UBS may act as a market maker save that where this activity is carried out in the US in accordance with the20,00015,00010,0005,000+: W 020004000600080001000012000140001600018000200002025-032025-04200UBs has policies and procedures, which include, without limitation, independence policies and permanent information barriers, that are intended, and upon1.600014000120001000 0.002.004.006.008.0010.002024-01-022024-01-192024-02-072024-03-052024-03-222024-04-12definition given to it by the laws and regulations of any other EU jurisdictions, such information is separately disclosed in this document. For financial instruments10.00prepared by UBS Europe SE, France Branch. Spain: Prepared by UBS Europe SE and distributed by UBS Europe SE and UBS Europe SE, Spain Branch. Where an6.004.00US persons are prohibited from purchasing or selling securities of certain companies designated as being associated with the Chinese Military in accordance withservices and transactions with regards to the client's profile). UBS Brasil CCTVM is a subsidiary of UBS BB Servicos de Assessoria Financeira e Participacoes S.A. （一）本周A股迎来3家公可上而，股校融资金额超55亿心本周共3家企业上市。系22551:11：以31:家：0：7家：727.11，15.1"5.1：股股长资.，面，股共"系·：：1.股学（428.B非，:：33.S，东技33115.STT）、降中高（993.57；、流k学（(647）完二间向地安7.5儿，3.3·，3亿，13忆，11.U(2):WNI行2.77.33:5i5.28包业()ttIM if3.1创业创"业fcI、1:2: 32, -IC.2:E （三）本周业场兴计34新基金发行新基金以指聚型基金为主（5.25.）：！？1金发，股，·敌，，★，儿，1型；：，2FOKT.!OFK.：>j7;-l-15中国农业执行收公与限=.中报三个2U25-{5-12平实东行股公限公! : t: :T:2025, (07 121537025-{5-12中n. f.i 12F.[-$0-97.0.23-:J25-{5-12中国让东行股公所*:-.-政汽管苏行股学非心=22U25-{5-14中学东行股公版公司[: T:025-{5-12型金2025-05-12E:合,2n. i 1?(41:型--.[-s0-sr.0.I- IM .+T-0)-26东行股n. f.i 1?可 ：3长信型儿要，2+1EA500编AK所+万基企理基广::2 nl 四、枯与投资建议【）证券板快当前估值1.27X（至5月16）1.，区1.1.2..#快.2x.（以1，高：决：（）投资建议成为，国家“长，学”行，iF下，一正、正： i 5.A.f.15.iL . 1' 五、风险提示 年初以求1中券表（收205年5H心「 1 :个视以来止券投块表境：至三025平：416H）.1本用证板块理（8.12-5.11）圣3：4:州二市券收价本现15.12-5.15]5:济深质市成交数± 5:以队（亿元):证券版FB估值（发2U5年5H15）表1：2（5.12-3.16）4股.5股权4资背表2：本（5.125.16）新发: 中国银河证券CGS分折师承诺支简升人的：，：人的点