报告期内，公司完成通过发行A股股份的方式收购民生证券控制权，平稳有序推进公司原有业务与民生 证券相关业务的高效整合，并将其纳入财务报表合并范围。公司主动把握市场机遇，积极探索科技、金 融与产业的深度融合，以"协同赋能"和"内生增长"为主线提升综合金融服务能力，证券投资、经纪及财 富管理等业务条线实现显著增长，同时由于上年同期比较基数较小，本期经营业绩同比大幅提升。 消息面上，国联民生发布公告称，经公司财务部门初步测算，预计2025年度实现归属于母公司所有者的 净利润人民币20.08亿元，与上年同期相比，将增加人民币16.11亿元，同比增长406%左右。预计2025年 度实现归属于母公司所有者的扣除非经常性损益的净利润人民币19.44亿元，同比增长410%左右。 国联民生（601456）(01456)高开近5%，截至发稿，涨4.85%，报5.62港元，成交额419.25万港元。 ...

Core Viewpoint - Guolian Minsheng (01456.HK) expects a significant increase in net profit for the fiscal year 2025, driven by strategic acquisitions and business integration efforts [1] Financial Performance - The company anticipates a net profit attributable to shareholders of RMB 2.008 billion for 2025, an increase of RMB 1.611 billion compared to the previous year, representing a year-on-year growth of approximately 406% [1] - The expected net profit, excluding non-recurring gains and losses, is projected to be RMB 1.944 billion, which is an increase of RMB 1.563 billion year-on-year, reflecting a growth of around 410% [1] Strategic Initiatives - The company has successfully acquired control of Minsheng Securities through the issuance of A-shares, and is effectively integrating its existing business with that of Minsheng Securities [1] - The company is actively exploring the deep integration of technology, finance, and industry, focusing on "synergistic empowerment" and "internal growth" to enhance its comprehensive financial service capabilities [1] - Significant growth has been observed in the business lines of securities investment, brokerage, and wealth management, attributed to a low comparative base from the previous year [1]