Nan Fang Du Shi Bao·2025-10-30 15:34Core Insights - The company reported significant growth in both revenue and net profit for the third quarter of 2025, with a year-on-year revenue increase of 55.29% and a net profit increase of 79.21% [3][4] - The company has decided to abolish its supervisory board, transitioning to an audit committee under the board of directors, following the new Company Law effective from July 1, 2024 [7][8] Financial Performance - For Q3 2025, the company achieved operating revenue of 6.549 billion yuan, a 55.29% increase compared to the same period last year, and a net profit attributable to shareholders of 2.580 billion yuan, up 79.21% [3][4] - In the first three quarters of 2025, the company reported total operating revenue of 17.289 billion yuan, reflecting a 31.25% year-on-year growth, and a net profit of 7.089 billion yuan, which is a 64.95% increase [3][4] Business Segments - The investment business showed a strong recovery, generating 7.459 billion yuan in the first three quarters, which is a 113.61% increase year-on-year, attributed mainly to increased gains from the disposal of trading financial assets [5] - The brokerage business also contributed significantly to revenue growth, with net commission income reaching 9.09 billion yuan, a 40.08% increase, and brokerage fees alone amounting to 5.757 billion yuan, up 53.79% [6] Corporate Governance Changes - The decision to eliminate the supervisory board was unanimously approved, with the audit committee taking over its supervisory functions, as per the new legal framework allowing companies to opt for this governance structure [7][8] - Legal experts suggest that the audit committee may enhance operational efficiency by being closer to financial and internal control systems, thus improving corporate governance [8]