On a TTM basis through 2026Q1, pre-tax profit is currently about 664.0bn, equivalent to a pre-tax margin of 33.5%, but headline durability remains more sensitive to revaluation, with margin also improving by +11.5pp, pointing to better earnings quality. The revenue mix still leans mainly on trading at 56.2% but narrowing by 4.6pp, while lending has widened to 28.6%; brokerage and services have reached 15.2% and improved by +4.0pp, making diversification more visible. On the balance sheet, Equity / Assets is 21.8% while Leverage is about 3.59x, indicating that buffers and funding are not yet truly roomy, but buffers have thinned while leverage has risen further.