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Every AI Express, Tianfeng Securities released a research report on May 1, giving Guotai Haitong (601211.SH) a buy rating. The reasons for the rating mainly include: 1) After the merger, the performance in the first quarter of 2025 has significantly increased, with revenue in all business lines showing improvement; 2) The market trading is active, and the commission business revenue is impressive; 3) Both proprietary trading and credit business revenue have greatly increased, providing strong support for the overall performance. (Daily Economic News)
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