研报掘金丨太平洋：维持湘财股份“买入”评级，证券业务驱动增长，合并事项稳步推进

Core Insights - The report from Pacific Securities highlights that Xiangcai Co.'s net profit attributable to shareholders has more than doubled in the first three quarters, primarily due to the strong performance of its wholly-owned subsidiary, Xiangcai Securities [1] - During the reporting period, the company proactively adjusted its business structure by reducing its trading operations, leading to a significant change in its revenue composition [1] Financial Performance - The net profit attributable to shareholders exceeded a twofold increase compared to the previous year [1] - The revenue from non-financial operations was notably impacted by the strategic shift in business focus [1]