A divergence in performance was observed among securities firms in the first quarter, with proprietary trading emerging as a critical factor in their financial results. As of April 28, 2026, 19 listed securities firms or their parent companies had disclosed their Q1 earnings. While CITIC Securities reported a record net profit exceeding 10 billion yuan for the first time, and Caitong Securities and Northeast Securities saw their net profits more than double year-on-year, some firms like Guosheng Securities and Xiangcai Co., Ltd. experienced declines in net profit. AI
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RANK_REASON The article discusses financial performance of securities firms, which is not directly related to AI.