上市券商，业绩榜单出炉！

Core Insights - The performance of 42 listed securities firms in China showed significant growth in the first three quarters of 2025, driven primarily by the recovery of the stock market, wealth management, and proprietary trading businesses [2][3]. Group 1: Overall Performance - The average revenue growth for the 42 listed securities firms was 37.93%, while the net profit attributable to shareholders increased by 88.22% [3]. - Among the top firms, Citic Securities maintained its position as the industry leader with a revenue of 558.15 billion yuan, a year-on-year increase of 32.7%, and a net profit of 231.59 billion yuan, up 37.86% [2][4]. Group 2: Notable Firms - Guotai Junan, after merging with Haitong Securities, reported a revenue of 458.92 billion yuan, a remarkable growth of 101.6%, and a net profit of 220.74 billion yuan, an increase of 131.8% [2][4]. - Huatai Securities experienced a modest revenue growth of 12.55% and a net profit increase of only 1.69%, although its non-recurring net profit reached 100.04% due to a significant one-time gain from selling its U.S. subsidiary [3][4]. Group 3: Third Quarter Highlights - In the third quarter, Citic Securities reported a revenue of 227.75 billion yuan, a year-on-year increase of 55.71%, with a net profit of 94.4 billion yuan, up 37.86% [5][6]. - Guotai Junan's third-quarter revenue was 220.19 billion yuan, reflecting a 136% increase, and a net profit of 63.37 billion yuan, up 40.6% [5][6].