SCS(SH:601555) 2 1 Shi Ji Jing Ji Bao Dao·2025-10-15 02:05Group 1 - The A-share market saw a collective high opening for its three major indices, with the brokerage sector showing signs of recovery, particularly the brokerage ETF (159842) which rose by 0.93% and had a net inflow of over 580 million yuan in the last 10 trading days [1] - Dongwu Securities announced a significant profit forecast for the first three quarters of 2025, estimating a net profit of 2.748 billion to 3.023 billion yuan, representing a year-on-year increase of 50% to 65%, driven by growth in wealth management and investment trading [1] - The brokerage ETF tracks the CSI All Share Securities Companies Index, which consists of up to 50 securities companies to reflect the overall performance of the industry [1] Group 2 - Analysts predict that the overall performance of the brokerage industry will exceed expectations, with a consensus that net profits for the first three quarters will grow by over 50% year-on-year, and the third quarter alone may see close to 90% growth [2] - The brokerage sector is expected to experience a valuation recovery, as the market remains active and the performance of brokerages is likely to improve, with projected revenue growth of 42.4% and net profit growth of 62.8% for the third quarter of 2025 [2] - The non-bank sector has shown signs of stagnation this year, but with the current market conditions, there is potential for a "Davis Double" effect, suggesting that selecting undervalued stocks within the sector could yield favorable returns [2]