Brokerage sector performance growth and valuation recovery are progressing in tandem.

The active capital market is driving the securities industry into a prosperous cycle. The brokerage sector is undergoing a process from improving performance to restoring valuation under the multiple resonance of policy dividends release, increasing trading activity, and upgrading business structure. In this regard, Tao Shengyu, Chief Analyst of Non-Banking at Donghai Securities, stated in an interview with reporters: "Recently, listed brokerages have successively disclosed their interim reports, and the warming capital market has greatly boosted performance growth. It is expected that all business sectors will show significant marginal improvement trends, and it is recommended to pay attention to the allocation opportunities brought by the disclosure window."