浙江沪杭甬2025 年中期报告

錨定導向 推動核心主業多維突破把握機遇 驅動證券業務提質增效 2025 2025 G552024100% 2202545132023 2729313334 68707172 2025 120256 306 20243.8%868,546278,7484.0%46.514.0%46.515.6% 2025 20256 306 2025GDP5.3%2025GDP5.8% 868,5463.8%513,24990.4%59.1%318,29913.4%36.6% 9513,2490.4%1.5% 20252025 2025201920254 25ETC 329202412 2620246 2820254 11 2025 13551% DeepSeekAI 2025A 318,29913.4%188,63617.2%129,6638.3%141,610146.4% 100%1,8914.0% 51%3,0893.8% 50%7335,1554.79%28,1526.5%11,71146.7% 50%145100%13551%6,994 30%99218520.3% 30%93 15%1399,91826.0% 20.08%24,78915.2% 10.61%35,0424.5% 4.96%2025 24.99%2,901 278,7484.0%46.514.0%46.515.6%6.0%8.7% 20256 301,8304,410202412 311,4592,43010.9%2024 12 3116.0%36.9%2024 12 3133.6%27.5%2024 12 3124.4%15.9%2024 12 3116.6%20256 301.302024 12 311.301.502024 12 311.60 20256 305032,304202412 313553,66354.1%5.5%26.9% 49519 20256 301,7676,277202412 311,4348,4009.7%5.4%18.4%17.4%38.1% 20256 305938,885202412317.5%1622,6506,32378,567803,821156,677152,627164,413623,4892304,14826,17052.9% 20256 302.60%3.35%2.27%3.03%4.60%2.70%3.70%20256 301.68%1.85%3.95%5.50%2.26%2.90%2.50%2.60%2.80%2.28%4.07%1.64%3.40% 74,953561,3757.520245.6 20256 3067.9%2024 12 3166.1%56.7%2024 12 3156.6% 20256 308368,0101,4644,6891523,2531508,33632.1%56.2%5.8%5.9%20256 30130.9%2024 12 31129.0% 53675,1003,23911,5423486 20256 304980474,2002274146,816249,514 50%2220256 3039,543 20256 30478,719 20256 3033,078 20256 30606,916 20256 30124,115 (i)H(ii)(iii)2021 12.30.27220259 9(iv)2021 74.7202671.638% 20211 2023,000202610022,900 2023202412 3152.020256 302.550.039.7 2025 + REITs 2025 + 20256 30XV352C3 20256 303365% 172,471,195HH3.66% 20256 30336 C1 20256 3010,358202412 3110,2715,097202412 314,9695,261202412 315,302 202520236 262025630 2024 – – –202412 31 20258 22 (www.hkexnews.hk)(www.zjec.com.cn) 1. 34 2. 20256 306202412 31 20251 1 21 3. 3. 4. 5. 6. 7. 25% 8. 8. 9. 9. 10. 10. 202563029,112,639,00028,821,00090,054,373,000202412 31 68,356,839,0006,987,780,000202412 313,962,276,000 11. 12. 20256 3010,201,881,000202412 3110,264,849,000 13. 15. 20256 30 16. 2021 2021120230,000,000202120212026 2021 (1) 202120213 220261 1020212021H8.831.009.51451.00202120256 305.84 16. 2021 (2) (i) 20261 202021100%2021 (ii) 3060100%2021 (a)20241 20202130202010H2021130% 202110% 16. 2021 (2) (iii)2021 202120241 20 2021 (a)183,297,0001,443,009,0004.74% (b)20212021 20218,427,515 1,711,247202112 316,716,2682021 16. 2021 20256 302021 20257 2920259 9 17. 2 0 2 542 720255 15202520255 18. (1) 18. (1) 10,354,000202410,033,000 3,730,00020244,000,000 18. (1) i:201111 ii: iii: 18. (1) (2) 18. (2) 40,000,000230,000,0002.70%35,000,000187,000,000 55,000,0002.77% 18. (2) 2024447,696,066500,000,000388,064,2732024931,685,5161,271,00020243,805,000 18. (2) 21,019,000202414,966,0002024144,623,000 20256 308,131,000202412 3115,213,000483,738,000202412 31283,729,000 2,918,000202459,554,000 202410 9180,000,0002%20254920255 8180,000,0001.65%20256271,304,00020242,348,000 19. 19. 19. 19. 19. 19. 19. 19. 202412 3120256 30 19. 20256 30202412 31202120212021 21. 20258 19A 22. 20258 22 1992501(310020)86-571-8798558886-571-87985599 143 1A11(310007) H 97927 183171712–1716 H0576 999852-3977 1892852-2815 1352 11710B852-2537 4295852-2537 4293 www.zjec.com.cn