Sou Hu Cai Jing·2026-01-18 08:00Group 1 - The core viewpoint of the article is that Guolian Minsheng expects a significant increase in net profit for the fiscal year 2025, projecting a net profit of RMB 2.008 billion, which represents a year-on-year increase of RMB 1.611 billion, or approximately 406% growth [1] - The main reason for the performance change is the acquisition of control over Minsheng Securities through the issuance of A-shares, leading to the efficient integration of existing business with Minsheng Securities-related operations [1] - The company is actively exploring the deep integration of technology, finance, and industry, focusing on "synergistic empowerment" and "internal growth" to enhance comprehensive financial service capabilities, resulting in significant growth in securities investment, brokerage, and wealth management [1] Group 2 - The substantial increase in operating performance is also attributed to a low comparative base from the previous year, which has contributed to the large year-on-year growth [1]