Xiangcai Corporation: It is expected that the net profit will increase by 266.41% to 403.81% year-on-year in 2025.

Shandong Securities announced that it is expected to achieve a net profit attributable to the parent company's owners of RMB 400 million to RMB 550 million in 2025, representing an increase of 266.41% to 403.81% compared to the same period last year; it is also estimated that the net profit after deducting non-recurring gains and losses attributable to the parent company's owners will be RMB 350 million to RMB 450 million in 2025, with an expected increase of 54.00% to 97.99% compared to the same period last year. During the reporting period, the overall domestic capital market was on the rise and active in trading. The company's wholly-owned subsidiary, Shandong Securities Co., Ltd., actively seized market opportunities and optimized asset allocation. Wealth management and proprietary business, such as brokerage, credit, and investment advisory services, achieved significant growth in performance, driving a substantial increase in the company's net profit compared to the same period last year; during this reporting period, the company's affiliated company, Shanghai Great Wisdom Co., Ltd., is expected to reduce its losses significantly; the company continued to optimize its capital structure, resulting in a decrease in financial expenses compared to the same period last year.