Guolian Minsheng Sec(SH:601456) Zhong Guo Zheng Quan Bao·2026-01-18 14:29Group 1 - The core point of the article is that Guolian Minsheng (601456) expects a significant increase in net profit for the year 2025, projecting a net profit of 2.008 billion yuan, which represents an increase of 1.611 billion yuan or approximately 406% year-on-year [1][5] - The company attributes this expected growth to the acquisition of Minsheng Securities and the effective integration of its operations, which has been reflected in the financial statements [8] - The overall performance of the company is also supported by the active capital market, which has led to substantial growth in various business lines, including securities investment, brokerage, and wealth management [8][10] Group 2 - Other securities firms, such as CITIC Securities and Southwest Securities, have also reported strong performance for 2025, with CITIC Securities projecting a net profit of 30.051 billion yuan, a year-on-year increase of 38.46% [4][10] - The industry is experiencing a favorable environment, with analysts noting that the current valuation levels of brokerage firms are low, indicating a potential for both fundamental and valuation recovery [11] - The regulatory environment for the brokerage industry is entering a more positive cycle, which is expected to support profitability in 2026, with a focus on investment banking, public funds, and overseas business [11][12]