Listed securities companies have been distributing mid-term dividends one after another Two types of investment targets are expected to have good investment value.

In late September, A-share listed securities firms began to distribute their mid-term dividends for 2025: on September 19th, Nanjing Securities distributed a cash dividend of 0.05 yuan per share to all shareholders, totaling 1.84 billion yuan; the day before, China Merchants Securities distributed a cash dividend of 0.119 yuan per share to all shareholders, totaling 10.35 billion yuan. The overall operating performance of the first half of 2025 provided important support for the mid-term equity distribution of listed securities firms. In terms of future investment in the sector, "real money" is on the way, coupled with the overall improvement of A-share market performance and active trading volume since the second half of the year, the fundamental improvement trend in the securities industry is clear, and top securities firms and investment opportunities in the merger and reorganization sector are favored by institutions.