招商证券：2025年度业绩快报公告

Core Viewpoint - The announcement from China Merchants Securities indicates a strong financial performance for the year 2025, with significant growth in both revenue and net profit compared to the previous year [1]. Financial Performance - The total operating revenue for 2025 reached 2,489,959.05 million yuan, representing a year-on-year increase of 19.19% [1]. - The net profit attributable to shareholders of the parent company was 1,229,973.71 million yuan, showing a year-on-year growth of 18.43% [1].