[industry insiders: the valuation of the brokerage sector is relatively low in the future, the performance and valuation of securities firms are expected to improve] according to data, 43 listed securities firms made a total profit of 127.248 billion yuan in 2022. Among them, 40 brokerages announced profit distribution plans for 2022, with a total dividend scale of more than 40 billion yuan. Judging from the progress of the implementation of the dividend plan, up to now, in addition to the four securities firms of Northeast Securities, Guohai Securities, Guoyuan Securities and Hualin Securities that have completed the implementation of the dividend plan and are waiting for the implementation of the dividend plan, another 9 brokerage dividend plans have been examined and approved by the shareholders' meeting, while the dividend plans of the remaining 27 brokerages have also been examined by the board of directors. Generally speaking, when the performance of listed companies is good, they tend to be more motivated to pay dividends. People in the industry interviewed are optimistic about the performance prospects and market performance of securities firms this year. In the view of people in the industry, with the continuous repair of the economy, the landing of the full registration system and the long-term improvement of the capital market, the valuation of the superimposed brokerage plate is relatively low, and the performance and valuation of brokerages are expected to improve in the future. (Securities Daily)