Core Viewpoint - The article highlights the performance of five brokerage firms preparing for IPOs in 2024, indicating a general trend of revenue and net profit growth among these firms, with specific emphasis on the leading positions of Caixin Securities and Dongguan Securities [1][2]. Group 1: Performance Overview - Five brokerage firms are in the IPO preparation stage, with Caixin Securities leading in both revenue and net profit [1][6]. - In 2024, four out of five firms achieved year-on-year growth in both revenue and net profit, with only Kain Securities showing a decline in revenue [3][4]. Group 2: Revenue and Profit Figures - Caixin Securities reported a revenue of 40.45 billion yuan, a 10.96% increase, and a net profit of 10.54 billion yuan, up 22.84% [4][8]. - Dongguan Securities achieved a revenue of 27.53 billion yuan, a 27.73% increase, and a net profit of 9.23 billion yuan, growing by 45.4% [10][11]. - Bohai Securities and Kain Securities reported revenues of 24.06 billion yuan and 28.59 billion yuan, with net profits of 7.42 billion yuan and 6.95 billion yuan, respectively [4][5]. Group 3: Business Segment Performance - Caixin Securities experienced growth in various business segments, with brokerage services generating 13.15 billion yuan (up 16.98%) and proprietary investment yielding 10.06 billion yuan (up 27%) [8]. - Dongguan Securities saw significant growth in its brokerage business, with net income from fees reaching 12.19 billion yuan (up 28.75%) and investment income increasing to 4.89 billion yuan (up 64.6%) [10][11]. Group 4: Market Context and Future Outlook - The article notes that the improved performance of these firms is attributed to a more active capital market following the introduction of new policies [10]. - Dongguan Securities anticipates continued growth in early 2025, projecting a revenue increase of 40.65% to 55.45% compared to the previous year [11].