SCS(SH:601555) 券商中国·2025-10-15 06:50Core Viewpoint - The first batch of brokerage firms has released their third-quarter performance forecasts, indicating significant profit growth driven by an active market environment and increased trading volumes [1][2]. Group 1: Performance Forecasts - Dongwu Securities expects a net profit of 2.748 billion to 3.023 billion yuan for the first three quarters of 2025, representing a year-on-year increase of 50% to 65% [2][3]. - Dongguan Securities anticipates a net profit of 862 million to 953 million yuan for the same period, with a year-on-year growth of 77.77% to 96.48% [3][4]. Group 2: Market Activity - The significant increase in market activity has provided a favorable environment for brokerage firms' performance growth [5]. - The Shanghai Composite Index rose by 12.7% in the first three quarters, while the CSI 300 Index increased by 17.9% compared to the same period last year [5]. - New A-share account openings reached 2.9372 million in September 2025, a 60.73% increase year-on-year, contributing to a total of 20.15 million new accounts in the first three quarters, up 50% from 13.46 million in 2024 [5]. Group 3: Revenue Drivers - Brokerage firms are expected to see substantial growth in their brokerage business, with projected net income reaching 136.4 billion yuan, a year-on-year increase of 82.5% [6]. - Self-operated business performance is also strong, with expected investment income of 146.2 billion yuan, reflecting a 14.1% year-on-year growth [6]. - Analysts predict that the overall net profit for the securities industry in the first three quarters of 2025 could reach 180 billion yuan, marking a 55% increase [6].