中原证券：2025年第一季度净利润1.03亿元，同比下降21.28%

Group 1 - The core point of the article is that Zhongyuan Securities (601375) reported a significant decline in both revenue and net profit for the first quarter of 2025 compared to the same period last year [1] Group 2 - The company's revenue for Q1 2025 was 401 million yuan, representing a year-on-year decrease of 37.73% [1] - The net profit for Q1 2025 was 103 million yuan, showing a year-on-year decline of 21.28% [1]