Ge Long Hui·2025-11-05 23:53Core Viewpoint - The brokerage industry has experienced significant year-on-year growth in Q3, with listed brokerages reporting a 43% increase in operating revenue and a 63% increase in net profit attributable to shareholders, benefiting from a slow bull market [1] Group 1: Industry Performance - The brokerage industry's performance in Q3 has shown a continuation of high growth compared to the previous year [1] - Listed brokerages have achieved a 43% increase in operating revenue year-on-year [1] - Net profit attributable to shareholders for listed brokerages has increased by 63% year-on-year [1] Group 2: Future Outlook - The slow bull market is expected to persist, indicating a favorable environment for brokerages [1] - Despite being the "flag bearers" of the bull market, brokerages are currently experiencing overall stagnation, suggesting a need for increased attention and portfolio allocation [1]