Zheng Quan Ri Bao·2025-07-15 16:46Core Viewpoint - The majority of listed securities firms in A-shares are expected to report significant year-on-year profit growth in their mid-year results for 2025, driven by improved market risk appetite and active trading conditions [1][4]. Group 1: Company Performance - As of July 15, over half of the 42 listed securities firms have released their mid-year performance forecasts, with all expecting net profit growth compared to the previous year [1]. - Guolian Minsheng and Huaxi Securities are projected to see their net profits increase by over 1000%, with Guolian Minsheng forecasting a net profit of 1.129 billion yuan, up 1183% year-on-year [2]. - Other firms such as Guotai Junan, Shenwan Hongyuan, and Changjiang Securities also expect significant profit increases, with eight firms projecting over 100% growth and 14 firms expecting over 50% growth [2]. Group 2: Industry Trends - The overall performance of the securities industry is showing a positive trend, with the average daily trading volume in the A-share market exceeding 1.3 trillion yuan and new account openings surpassing 12.6 million [4]. - The implementation of the "Implementation Opinions" by the China Securities Association aims to enhance self-regulation and promote high-quality development in the securities industry, encouraging firms to shift from license-driven to capability-driven operations [3]. - The competitive landscape is evolving, with leading firms focusing on enhancing core capabilities and pursuing international standards, while smaller firms are concentrating on specialized development strategies [3].