EASTMONEY(SZ:300059) Shenwan Hongyuan Securities·2025-10-25 11:13Investment Rating - The report maintains a "Buy" rating for the company [2] Core Views - The company reported a total revenue of 11.6 billion yuan for the first nine months of 2025, a year-on-year increase of 59%, with a net profit attributable to the parent company of 9.1 billion yuan, up 51% year-on-year [7] - The third quarter of 2025 saw a total revenue of 4.73 billion yuan, representing a year-on-year increase of 101% and a quarter-on-quarter increase of 40% [7] - The report highlights a significant increase in trading activity and new fund issuance, benefiting the company's brokerage and fund distribution businesses [9] Financial Data and Profit Forecast - The company is projected to achieve revenues of 14.17 billion yuan in 2025, with a year-on-year growth rate of 22.12% [8] - The net profit attributable to the parent company is expected to reach 11.42 billion yuan in 2025, reflecting an 18.82% year-on-year increase [8] - The report indicates an upward revision of profit forecasts due to improved market conditions, with net profits projected at 11.42 billion yuan for 2025, 12.40 billion yuan for 2026, and 12.47 billion yuan for 2027 [9]