Gelonghui, December 14 | Pacific Securities pointed out that as the Matai effect in the industry intensifies, it is optimistic that Xiangcai Co., Ltd. (600095.SH) will gradually focus on the main financial business, divest inefficient sectors, use technology to empower financial business development, and accelerate transformation to form a characteristic competitive advantage, which is expected to further improve operating efficiency and profitability. For the first time, it was covered by an “increase in holdings” rating. 3H1 Xiangcai Securities achieved revenue of 886 million yuan, the same as the same period last year, and net profit of 175 million yuan, up 386.12% year on year. It is expected to be mainly driven by self-operated business. Q3 achieved revenue of 566 million yuan in a single quarter, a year-on-year decrease of 11.09%, and net profit of 13 million yuan, turning a year-on-year loss into a profit.