Core Viewpoint - Zhongyin Securities plans to invest 1.4 billion RMB to increase the registered capital of its wholly-owned subsidiary, Zhongyin International Investment, from 600 million RMB to 2 billion RMB, supporting its business development and aligning with the company's strategic planning [2][4]. Group 1: Investment Details - The capital increase will not involve related transactions and does not constitute a major asset restructuring, as it has been approved by the board of directors without needing shareholder approval [4]. - Zhongyin International Investment primarily engages in private equity investment fund operations and has made a total of 23 external investments, with 15 still in existence [4][5]. Group 2: Financial Performance - As of December 31, 2024, Zhongyin International Investment reported total assets of 910.54 million RMB, which slightly increased to approximately 914.69 million RMB by the end of the first quarter of 2025 [6][7]. - The company generated revenue of 23.01 million RMB and a net profit of 9.36 million RMB for the year 2024, with first-quarter revenue for 2025 at 6.21 million RMB and net profit at 1.38 million RMB [6][7]. Group 3: Industry Insights - The business model of brokerage private equity subsidiaries has evolved, focusing on "investment + investment banking" and "sponsorship + co-investment," while also using their own funds for equity investments, thus supporting the financing needs of enterprises and enhancing business synergies [8]. - Industry experts believe that capital increases are typically based on stable profitability of subsidiaries and a desire to allocate resources towards these businesses, with brokerage private equity subsidiaries expected to play a larger role in supporting technology innovation and high-end manufacturing [8].