研报掘金丨平安证券：维持东方财富“推荐”评级，受益于市场活跃，证券业务收入大幅增长

Core Insights - The report from Ping An Securities highlights a significant increase in Dongfang Caifu's securities business revenue in the first half of the year due to an active market [1] - The market has seen heightened trading activity and a notable increase in the issuance of equity funds since 2025, with market sentiment further improving in the third quarter [1] - The company's net profit forecasts for 2025 and 2026 have been raised to 12.344 billion and 13.456 billion yuan respectively, from previous estimates of 9.149 billion and 10.003 billion yuan, with a new forecast of 14.244 billion yuan for 2027 [1] - Dongfang Caifu continues to enhance its market share in brokerage and margin financing businesses, positioning itself as a leader in internet wealth management [1] - The company is actively promoting the intelligent upgrade of its products and services, with Tian Tian Fund improving its user operation system and focusing on high-net-worth user groups [1] - The integration of AI capabilities across various product lines is rapidly building and enhancing an intelligent internet wealth management ecosystem [1] - The company maintains a "recommended" rating [1]