Shanghai-listed brokers post 28.72% profit growth in first three quarters

The gap between headline profit growth and the faster rise in deducted non-recurring profit suggests core operations, not one-off items, drove the results — a more durable signal for the brokerage sector than the top-line figure alone. The mention of two delisted firms is a reminder that the 34-firm sample is not a clean read on the listed peer group. Whether this earnings momentum carries into the next reporting period, and how the delistings affect comparability, are the open questions worth tracking.