Performance Overview - The company expects a net profit attributable to shareholders for the year 2025 to be between 400 million to 480 million yuan, representing a year-on-year growth of 62.70% to 95.24%. The non-recurring net profit is anticipated to grow by 100.08% to 138.19% year-on-year, driven by an overall upturn in the capital market and increased revenue from wealth management and securities investment businesses [2]. Subsidiary Development - The company's subsidiary, Zhongzhou Blue Ocean Investment Management Co., Ltd., has repeatedly reduced its registered capital since 2025, with a cumulative decrease of over 27%. This adjustment aims to optimize the parent company's capital utilization efficiency, but it may have a certain impact on the subsidiary's business expansion [3]. Stock Performance - As of February 11, 2026, the A-shares of the company experienced a price increase of 2.31% from February 4 to February 11, while the Hong Kong shares rose by 1.85% during the same period. On February 11, there was a net outflow of 1.8465 million yuan from the main funds in A-shares, while retail investors showed a net inflow [4]. Industry Policy and Environment - Dongwu Securities released an industry commentary on February 10, 2026, indicating that the optimization of refinancing measures by the Shanghai and Shenzhen Stock Exchanges may indirectly benefit the brokerage sector, including the company. However, attention should be paid to regulatory compliance requirements [5].
中州证券发布2025年度业绩盈喜预告，净利润预计大幅增长