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研報掘金丨太平洋:維持紅塔證券“增持”評級,自營投資驅動利潤修復
格隆匯 07-03 14:26

太平洋證券研報指出,紅塔證券自營投資驅動利潤修復,非方向性策略強化穩健性。2024年,公司自營投資業務營業收入13.65億元,同比+106.32%;其中,投資收益11.12億元,同比+52.54%,佔總營收的比例約為55%。在整體營收結構中,自營投資仍為公司最主要的利潤來源和增長引擎。進入2025年一季度,受資本市場回暖等因素帶動,公司投資總收益同比+151.57%;在策略穩健與資產配置多元化的支持下,自營業務展現出較強的抗風險能力與盈利彈性。公司自營業務表現強勁,財富管理與機構服務持續優化,整體經營結構更趨穩健。維持“增持”評級。

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