港股通2025年中报分析:港股通ROE持续回暖 关注科技+深度价值

上海申银万国证...
Sep 05, 2025

25H1 港股通收入增速走弱,但港股通(非金融)利润增速、ROE 和净利润率边际改善,港股反映中国经济转型的特征突出:2025H1 港股通营业收入同比增速为1.4%,环比2024H2 下降1.3 个百分点,归母净利润增速为4.2%,环比2024 H2 下降3.9 个百分点。25H1 港股通非金融营业收入同比增速为0.5%,环比2024H2 下降1.0个百分点,归母净利润增速为7.2%,环比...

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