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中信证券:头部券商优势进一步巩固,关注头部券商以及中型券商

intermediate36氪1 min read
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Grammar Points

同比+X%Year-over-year comparisonHSK 6

同比 (tóngbǐ) means 'compared to the same period last year'. The pattern 同比+percentage expresses year-over-year growth. 同比-percentage would indicate a decline.

"26Q1上市券商扣非归母净利润同比+39.9%"

"扣非ROE达2.35%、同比+0.46ppts"

A达X、B达YParallel achievement structureHSK 5

达 (dá) means 'to reach/achieve'. This pattern uses 达 with 顿号 (、) to list multiple metrics or achievements in parallel, common in formal reports and statistics.

"扣非ROE达2.35%、利润集中度达74.7%"

"轻重资本业务占比均为46%、结构趋于均衡"

A与B共同VJoint action with 与...共同HSK 5

与 (yǔ) means 'and/with' (formal), 共同 (gòngtóng) means 'jointly/together'. This pattern expresses that A and B jointly perform action V, emphasizing collaboration or combined effect.

"管理费率优化与信用减值释放共同支撑利润弹性"

受X拖累Passive causation with 受...拖累HSK 6

受 (shòu) introduces passive voice, 拖累 (tuōlěi) means 'to drag down/hinder'. This pattern expresses that something is negatively affected or hindered by X, common in business and economic contexts.

"投资交易受市场波动拖累但非方向性布局较深的头部券商表现稳健"

A但BAdversative conjunction with 但HSK 4

但 (dàn) means 'but/however'. This pattern creates contrast between two clauses, where B presents an exception or contrasting situation to A. Often used without 虽然 in formal writing.

"投资交易受市场波动拖累但非方向性布局较深的头部券商表现稳健"

Key Vocabulary

扣非kòu fēi
券商quàn shāng
净收入jìng shōu rù
同比tóng bǐHSK7

(statistics) compared with the same period of the previous year; year on year; year over year

利润lì rùnHSK5

profits

头部tóu bù
业务yè wùHSK5

CL:項|项[xiang4]

集中度jí zhōng dù
上市shàng shìHSK6

to hit the market (of a new product)

回升huí shēngHSK7

to rise again after a fall

支撑zhī chēngHSK6

strut

zhìHSK5

to arrive

比均bǐ jūn
HSK4

each

共同gòng tóngHSK4

joint

资本zī běnHSK6

capital (economics)

进一步jìn yī bùHSK5

(develop, understand, improve etc) more; further

轻重qīng zhòngHSK5

degree of seriousness

fēiHSK7

to not be; not

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