Zheshang Securities: Net profit in 2025 was 2.412 billion yuan, a year-on-year increase of 24.87%.

Zhejiang Merchants Securities announcement: In 2025, the operating income was 8.841 billion yuan, a year-on-year increase of 35.95%. Net profit was 2.412 billion yuan, a year-on-year increase of 24.87%. The company's profit distribution for the year 2025 will be in the form of cash dividends. Based on 4.535 billion shares, the company will distribute a cash dividend of 1 yuan for every 10 shares held by all shareholders, totaling a cash dividend of 4.54 billion yuan.