Core Viewpoint - The company's performance growth is driven by investment results, while asset sales have led to a decline in asset management business [1][2] Group 1: Investment Performance - The company's net income from investment business increased by 71.9% to 8.322 billion yuan, contributing 98.31% to the adjusted revenue growth [2] - The financial asset scale has increased by 20.64% compared to the end of 2024, reaching 434.059 billion yuan, primarily due to a 19.02% increase in trading financial assets [2] - Investment management revenue surged by 6487.85% to 1.928 billion yuan, driven by the valuation growth of private equity funds and alternative investment projects [2] Group 2: Asset Management Business - Following the sale of Assetmark, the asset management business net income decreased by 42.7% to 1.542 billion yuan, negatively impacting overall performance [2] Group 3: Balance Sheet and Market Opportunities - The company's balance sheet has fully resumed expansion, positioning it to better capture market opportunities from institutional and retail fund inflows [3] - The trading financial assets have shown significant increases, with stocks up by 5.1%, bonds by 19.2%, and other debt investments by 26.1% [3] Group 4: Market Catalysts - The continued activity and favorable trends in the equity market are seen as catalysts for further performance improvement [4]