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Western Securities Co. (002673) investor relations material
Western Securities Co. Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Achieved net profit attributable to shareholders of RMB 1.75 billion, up 24.97% year-over-year, despite a 10.84% decrease in revenue to RMB 5.98 billion.
Completed the acquisition of a controlling stake in Guorong Securities, marking a major strategic breakthrough.
Maintained a strong capital position and continued to expand business lines, with total assets rising 26.78% to RMB 121.66 billion.
Financial highlights
Revenue: RMB 5.98 billion, down 10.84% year-over-year.
Net profit attributable to shareholders: RMB 1.75 billion, up 24.97% year-over-year.
Basic and diluted EPS: RMB 0.39, up 25.13% year-over-year.
Total assets: RMB 121.66 billion, up 26.78% from prior year-end.
Net assets attributable to shareholders: RMB 30.14 billion, up 4.61% year-over-year.
Cash dividend payout ratio: 30.54% of annual net profit.
Outlook and guidance
Focus on high-quality development, digital transformation, and integration of acquired businesses.
Plans to strengthen core competitiveness, expand overseas presence, and enhance risk management.
2026 marks the start of the new five-year plan, with a vision to become a leading national investment bank.
- Net profit surged 19.52% year-over-year despite a 2.59% drop in total revenue.002673
Q4 202418 Dec 2025 - Revenue and profit fell, but liquidity and risk metrics remained robust amid market headwinds.002673
Q2 202418 Dec 2025 - Net profit up 20.09% year-over-year, revenue down 16.23%, assets up 15.79%.002673
Q2 202518 Dec 2025 - Net profit jumped 48% year-over-year to ¥291 million, while revenue fell 24%.002673
Q1 202518 Dec 2025 - Q3 net profit jumped 510% year-over-year, with robust brokerage and investment banking gains.002673
Q3 202518 Dec 2025 - Revenue and profit declined sharply, but cash flow and capital strength improved.002673
Q3 202413 Jun 2025
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