Alibaba Qianwen APP public beta ignites the software sector: valuation and profitability both bottoming out, AI applications accelerating implementation, industry showing initial signs of recovery!

HUAXI Securities pointed out that Alibaba's AI strategy is breaking through to the C-end, and the brand upgrade of "Qianwen" marks the product entering a new development stage. It believes that C-end AI applications are expected to become an important breakthrough direction in 2026. GUOSHENG SECURITIES confirmed with industry performance data that AI has become a growth "enabler" and analyzed that the current "underweight" status of the computer sector may welcome a capital inflow under policy catalysis, driving the industry's prosperity to continue to rise

HUAXI Securities released its performance for the first three quarters, with a net profit attributable to the parent company of 1.059 billion yuan, a year-on-year increase of 316.89%

According to the Zhitong Finance APP, HUAXI Securities released its third-quarter report for 2025. In the first three quarters, the company achieved operating revenue of 3.493 billion yuan, a year-on-year increase of 56.52%. The net profit attributable to shareholders of the listed company was 1.059 billion yuan, a year-on-year increase of 316.89%. The net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses was 1.056 billion yuan, a year-on-year increase of 310.39%

Huaxi Securities Q3 net profit up 155.0% Y/Y

Huaxi Securities Q3 net profit up 155.0% Y/Y

Multiple factors disturb the funding situation at the end of the quarter, institutions expect overall disturbances to be limited

As October comes to an end, the market faces a dual challenge of "large tax period + month-end." Industry insiders believe that short-term liquidity may tighten this week, but overall disturbances are limited, and central bank operations are expected to stabilize fluctuations. A report from HUAXI Securities suggests that the recent rapid decline in bill rates, coupled with large banks' continuous net purchases, may indicate that real financing demand remains weak and that there is insufficient momentum for credit expansion. This phenomenon has, to some extent, alleviated the tension caused by the tax period factors

HUAXI Securities released a research report stating that observing the changes in deposits in September, as the slope of the stock market rises tends to flatten, some funds may flow back to bank deposits, and the narrative around deposits is gradually shifting from "moving" to "returning." The current demand status of residents and enterprises urgently requires further implementation of "loose monetary" policies. Whether the central bank will restart bond purchases or implement a comprehensive reserve requirement ratio and interest rate cut policy in the fourth quarter may still require attention to feedback from other macroeconomic variables