长城证券：前三季度净利润同比增长75.83%

Core Viewpoint - Changcheng Securities reported a significant increase in net profit and revenue for the third quarter and the first three quarters of 2025, driven by growth in financial asset returns and brokerage fees [1] Financial Performance - In Q3 2025, the company achieved operating revenue of 1.262 billion yuan, representing a year-on-year increase of 45.45% [1] - The net profit attributable to shareholders for Q3 2025 was 546 million yuan, up 44.99% year-on-year [1] - For the first three quarters of 2025, the total operating revenue reached 4.121 billion yuan, reflecting a year-on-year growth of 44.61% [1] - The net profit attributable to shareholders for the first three quarters was 1.931 billion yuan, marking a substantial year-on-year increase of 75.83% [1] Growth Drivers - The performance improvement is primarily attributed to increased returns from financial assets and higher net income from brokerage services and commissions [1]