Zhi Tong Cai Jing·2026-02-02 07:04Core Viewpoint - Cathay Securities (02611) has seen a stock price increase of over 4%, currently trading at HKD 39.84, with a transaction volume of HKD 20.525 million. The company announced an expected net profit attributable to shareholders for 2025 of RMB 27.533 billion to RMB 28.006 billion, representing a year-on-year increase of 111% to 115% [1] Group 1 - The company anticipates a net profit excluding non-recurring items for 2025 to be between RMB 21.053 billion and RMB 21.516 billion, reflecting a year-on-year growth of 69% to 73% [1] - The announcement highlights an expected increase in the activity and prosperity of the domestic capital market in 2025, which the company plans to leverage [1] - The company aims to optimize and upgrade its service systems for retail, institutional, and corporate clients to enhance overall capabilities and achieve historical highs in asset scale and operational performance [1] Group 2 - Significant growth is expected in revenue from wealth management, institutional, and trading businesses [1] - The company will recognize negative goodwill from the merger with Haitong Securities Co., Ltd. as part of its non-operating income [1]