JF SMARTINVEST (09636) surged nearly 5% in early trading. As of press time, the stock was up 4.05% to HK$74.5 with a trading volume of HK$110 million.
On the news front, according to data released by the Shanghai Stock Exchange, new account openings in August reached 2.6503 million, representing a month-on-month increase of 34.97% from July's 1.9636 million and a substantial year-on-year surge of 165% compared to 993,000 in August last year. Additionally, from a risk appetite perspective, market sentiment remains positive with margin trading balances climbing again. As of September 4, 2025, the combined margin financing and securities lending balance across both markets had risen to 2.28 trillion yuan, reaching a historic high.
Guotai Haitong Securities issued a research report stating that active market trading combined with the company's capitalizing on short video traffic dividends, with 63.06 million followers across all platforms, has created synergy resulting in substantial profit growth. With the improving market conditions, performance is expected to maintain high growth momentum.
Minsheng Securities noted that the company continues to strengthen efforts in channel expansion, product portfolio upgrades, and intelligent operations, utilizing AI technology to continuously empower both investment research and marketing functions. Alongside market recovery and increased trading activity, the company's profitability is expected to continue improving.