科技驱动增长，华林证券上半年业绩同比大增118.98%~183.86%

Core Viewpoint - Hualin Securities is expected to achieve significant growth in net profit for the first half of 2025, driven by a favorable A-share market and strategic transformation efforts in technology finance [1] Financial Performance - The company anticipates a net profit attributable to shareholders ranging from 270 million to 350 million yuan, representing a year-on-year increase of 118.98% to 183.86% [1] - The net profit after excluding non-recurring gains and losses is projected to be between 240 million and 320 million yuan, reflecting a year-on-year growth of 67.25% to 123.00% [1] Market Conditions - The A-share market has shown a fluctuating upward trend, with a notable increase in market activity during the first half of 2025 [1] - The enhanced market activity has positively impacted the company's financial performance [1] Strategic Initiatives - Hualin Securities is deepening its technology finance transformation strategy, which has effectively supported the expansion of its online business [1] - The growth in wealth management business revenue has been a significant contributor to the expected increase in net profit [1] - The fair value changes in equity investments have also seen a year-on-year increase, further boosting profitability [1]