Caitong Securities: Net profit in the first quarter decreased by 36.52% year-on-year.

Caifu Securities announced that its operating income in the first quarter of 2025 was 1.069 billion yuan, a year-on-year decrease of 24.16%; the net profit attributable to shareholders of the listed company was 290 million yuan, a year-on-year decrease of 36.52%. The main reason is that the decrease in operating income was due to the impact of financial asset investment income and fair value changes.