Zheshang Securities(SH:601878) Xin Lang Cai Jing·2025-12-31 09:43Core Viewpoint - The company reflects on the significant year of 2025, emphasizing its role in China's modernization journey and the importance of the capital market as a driver of innovation and a bridge to common prosperity [4][16]. Group 1: Achievements in 2025 - The company issued 8 equity underwriting projects and surpassed a bond underwriting scale of 100 billion yuan, maintaining a leading position for three consecutive years in main underwriting scale [6][17]. - The establishment of multiple government-guided funds has facilitated investments in technology innovation and regional development, contributing to the growth of green industries and advanced technologies [6][17]. - The company has strengthened its core capabilities in brokerage, credit business, and asset management, achieving record market share and business scale [6][17][18]. Group 2: Embracing Change and Innovation - The company has actively pursued digital transformation, launching self-developed platforms and applications that enhance collaboration between humans and machines [7][18]. - It has expanded into new business areas such as cross-border wealth management and options market-making, obtaining new qualifications that enhance its professional service capabilities [7][18]. - Recognition as a "supporting collective for Zhejiang's development" highlights the company's commitment to serving the real economy [7][18]. Group 3: Future Directions - The company aims to adhere to three principles: serving national strategies, deepening reform, and promoting inclusive finance, to contribute to the construction of a financial powerhouse [8][19]. - It plans to focus on high-level technological self-reliance and optimize resource integration to build a comprehensive financial platform driven by technology and professionalism [8][19]. - The company expresses its commitment to supporting the high-quality development of China's capital market and contributing to the "14th Five-Year Plan" for economic and social development [8][19].