Listed securities firms' first quarter performance reports are being released one after another, with top institutions' allocation values being more favored.

According to statistics, as of 9 p.m. on April 23, four securities firms have disclosed their first quarter of 2026 reports, while three other securities firms have disclosed their first quarter performance forecasts. Overall, there is a divergence in the performance of these securities firms, with some experiencing a decrease in net profit attributable to the parent company in the first quarter. In the view of industry insiders, despite the diverging performance of some listed securities firms in the first quarter, the overall securities sector currently exhibits a resonance of "extremely low valuation + explosive performance + merger catalysis", indicating a significant bottom repair characteristic in the market, and the industry's prosperity is expected to continue throughout 2026. From an investment perspective, it is worth paying more attention to opportunities in large securities firms with strong capital strength and stable business operations.