Group 1 - The core viewpoint of the article is that Guolian Minsheng expects a significant increase in net profit for the fiscal year 2025, projecting a net profit of RMB 2.008 billion, which represents a year-on-year increase of RMB 1.611 billion, or approximately 406% growth [1] - The main reason for the performance change is the acquisition of control over Minsheng Securities through the issuance of A-shares, leading to the efficient integration of existing business with Minsheng Securities-related operations [1] - The company is actively exploring the deep integration of technology, finance, and industry, focusing on "synergistic empowerment" and "internal growth" to enhance comprehensive financial service capabilities, resulting in significant growth in securities investment, brokerage, and wealth management [1] Group 2 - The substantial increase in operating performance is also attributed to a low comparative base from the previous year, which has contributed to the large year-on-year growth [1]

智通财经APP讯，国联民生(601456.SH)披露2025年度业绩预增公告，公司预计2025年度实现归属于母 公司所有者的净利润人民币20.08亿元，同比增长406%左右。预计2025年度实现归属于母公司所有者的 扣除非经常性损益的净利润人民币19.44亿元，同比增长410%左右。由于上年同期比较基数较小，本期 经营业绩同比大幅提升。 ...

智通财经APP讯，国联民生(601456.SH)披露2025年度业绩预增公告，公司预计2025年度实现归属于母 公司所有者的净利润人民币20.08亿元，同比增长406%左右。预计2025年度实现归属于母公司所有者的 扣除非经常性损益的净利润人民币19.44亿元，同比增长410%左右。由于上年同期比较基数较小，本期 经营业绩同比大幅提升。 ...

国联民生证券股份有限公司 2025 年度业绩预增公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 一、本期业绩预告情况 （一）业绩预告期间 2025 年 1 月 1 日至 2025 年 12 月 31 日。 证券代码：601456 证券简称：国联民生 公告编号：2026-001 号 二、上年同期经营业绩和财务状况 （一）利润总额：人民币 3.73 亿元；归属于母公司所有者的净利润：人民 币 3.97 亿元；归属于母公司所有者的扣除非经常性损益的净利润：人民币 3.81 亿元。 （二）每股收益：人民币 0.14 元。 三、本期业绩预增的主要原因 报告期内，公司完成通过发行 A 股股份的方式收购民生证券股份有限公司 （以下简称"民生证券"）控制权，平稳有序推进公司原有业务与民生证券相关 业务的高效整合，并将其纳入财务报表合并范围。公司主动把握市场机遇，积极 探索科技、金融与产业的深度融合，以"协同赋能"和"内生增长"为主线提升 综合金融服务能力，证券投资、经纪及财富管理等业务条线实现显著增长，同时 由于上年同期 ...

人民财讯1月18日电，国联民生（601456）1月18日公告，公司预计2025年度实现归属于母公司所有者的 净利润20.08亿元，与上年同期相比，将增加16.11亿元，同比增长406%左右。报告期内，公司收购民生 证券控制权，并将其纳入财务报表合并范围。 ...

国联民生公告称，预计2025年1月1日至12月31日归属于母公司所有者的净利润20.08亿元，同比增加 16.11亿元，增长406%，扣非净利润19.44亿元，同比增加15.63亿元，增长410%。上年同期归母净利润 3.97亿元，扣非净利润3.81亿元。业绩预增主因公司收购民生证券控制权，推进业务整合并纳入合并报 表，相关业务条线显著增长，且上年基数较小。数据为初步核算，未经审计，准确数据以年报为准。 ...

Core Insights - The report from Guolian Minsheng Securities highlights the transformation in the automotive industry driven by smart electric vehicles and global expansion, indicating a positive outlook for the supply chain of domestic and new energy vehicle manufacturers, as well as the growth of the smart and robotics sectors [1][2]. Group 1: Market Outlook - By 2026, the acceleration of smart and global trends is expected to lead to significant growth in humanoid robots, with the domestic wholesale vehicle sales projected to reach 30.3 million units, a year-on-year increase of 1.0% [2]. - The automotive parts sector's revenue is anticipated to grow by 8.3% year-on-year, driven by the increase in sales of domestic brands and the impact of vehicle replacement policies [2]. Group 2: Investment Strategy - The competitive landscape is being reshaped by the smart electric transformation, with a focus on high-quality customers from domestic brands and new energy vehicle manufacturers [3]. - The preferred investment tracks are identified as those with large market potential and favorable competitive dynamics [3]. Group 3: Customer Dynamics - Domestic manufacturers with significant sales growth, such as Geely and BYD, are favored, while the global expansion of Chinese automotive parts is supported by increasing production capacity and technological advantages [4]. Group 4: Product Dynamics - The trend towards smart driving is accelerating, with expectations for high-level autonomous driving to penetrate the mass market by 2026, driven by policy support and technological advancements [5]. - Humanoid robots are entering a production phase in 2026, with major tech companies leading the charge, and the industry is expected to shift from conceptual themes to long-term growth [5]. Group 5: Investment Recommendations - The report recommends focusing on the smart and new energy vehicle supply chain, highlighting specific companies in smart driving, smart cockpit, and tire sectors, as well as robotics-related firms [6].

Group 1 - The core viewpoint of the news is the adjustment of the minimum margin requirement for margin trading in the Shanghai and Shenzhen stock exchanges, increasing it from 80% to 100% for new margin contracts, which reflects a regulatory approach to stabilize the market and manage leverage [2][3] - The adjustment is expected to lead to a slowdown in the growth of margin financing in the short term, but it will create a more stable overall business environment for the securities industry [3] - The securities sector is anticipated to benefit from the migration of household deposits and the reconstruction of the stock market mechanism, which will support the growth of wealth management, investment banking, and institutional business [2][3] Group 2 - The adjustment of the margin requirement is seen as a measure to guide the market towards a healthier and more sustainable medium to long-term trend, similar to adjustments made in 2015 [2] - Companies in the securities industry, particularly those with strong capital and risk management capabilities, are recommended for investment opportunities [3] - The news highlights several Chinese securities firms listed in Hong Kong, including Huatai Securities, GF Securities, and China Galaxy, among others, indicating a broad interest in the sector [4]

Group 1 - The company Bo Shi Jie announced that on January 15, 2026, it will accept research from Ping An Asset Management, Huajin Securities, and Guolian Minsheng Securities, with participation from the company's Deputy General Manager and Board Secretary, Ms. Qian Biqiong, and Securities Affairs Representative, Mr. Wang Zhanchao, who will address investor inquiries [1] - Silver prices have surged over 80% in the last 50 days, indicating a level of market frenzy that surpasses that of gold, suggesting that historical surges in silver often signal a peak in the precious metals bull market [1] - The current situation in the silver market is noted to be different from previous instances, raising questions about the sustainability of this trend and its implications for the broader precious metals market [1]

Group 1 - The outlook for the US economy is pessimistic, with a strong likelihood of an interest rate cut as economic growth stabilizes but demand momentum weakens, leading to increasing economic downward pressure [1] - Consumer confidence index and personal disposable income growth have been declining since the beginning of the year, while the PMI for investments continues to trend downward, remaining below the threshold [1] - The unemployment rate has significantly increased, reaching its highest level since September 2021, indicating challenges for the Federal Reserve in balancing economic growth and inflation [1] Group 2 - Following the public health crisis, global central banks have significantly expanded their balance sheets, impacting monetary credit, with a historical positive correlation between gold reserves and gold prices [2] - Central banks have increased their gold purchases, with over 1,000 tons bought for three consecutive years, and China's central bank has continued to increase its gold holdings for 14 months [2] Group 3 - Geopolitical issues and tariff policies have heightened investment in safe-haven assets, with gold ETF holdings and trading activity reaching historical highs [3] - Emerging funds, including domestic insurance capital, are rapidly entering the gold market, providing new momentum for rising gold prices [3] Group 4 - Silver has dual pricing attributes, with over 50% of its demand coming from industrial use, particularly in solar applications, while supply growth remains limited, leading to an expanding supply-demand gap [4] - The historical relationship between the gold-silver ratio and PMI suggests that a decline in the gold-silver ratio could lead to a price increase for silver, especially with anticipated industrial demand [4]