中国基金报·2025-10-30 15:38Core Viewpoint - The performance of 42 listed securities firms in China showed significant growth in the first three quarters of 2025, driven primarily by wealth management and proprietary trading businesses [2]. Group 1: Overall Performance - The average revenue growth for the 42 listed securities firms was 37.93%, while the average growth in net profit attributable to shareholders was 88.22% [4]. - The top performers included CITIC Securities, which reported revenue of 558.15 billion yuan, a year-on-year increase of 32.7%, and net profit of 231.59 billion yuan, up 37.86% [4][5]. - Guotai Junan, after merging with Haitong Securities, achieved a revenue of 458.92 billion yuan, a remarkable increase of 101.6%, and a net profit of 220.74 billion yuan, up 131.8% [4][5]. Group 2: Individual Firm Performance - CITIC Securities was the only firm with revenue exceeding 500 billion yuan in the first three quarters [4]. - Huatai Securities reported a revenue increase of only 12.55% and a net profit increase of 1.69%, but its net profit excluding non-recurring items was still high at 100.04% [4]. - Other firms with net profits exceeding 100 billion yuan included Huatai Securities, China Galaxy, and GF Securities, while several others like Guoxin Securities and CMB International reported net profits over 50 billion yuan [4]. Group 3: Third Quarter Highlights - In the third quarter, CITIC Securities reported revenue of 227.75 billion yuan, a year-on-year increase of 55.71%, and a net profit of 94.4 billion yuan, up 37.86% [6][7]. - Guotai Junan's third-quarter revenue was 220.19 billion yuan, with a year-on-year increase of 136%, and a net profit of 63.37 billion yuan, up 40.6% [7][8]. - Other notable performances in the third quarter included Huatai Securities with revenue of 109.09 billion yuan and net profit of 51.83 billion yuan [8][9].