Caida Securities: Net profit in the first quarter of 2025 was 118 million yuan, an increase of 6.34% year-on-year.

Caicheng Securities Announcement: In the first quarter of 2025, the operating income was 486 million yuan, a year-on-year increase of 12.91%. Net profit was 118 million yuan, a year-on-year increase of 6.34%.