Caitong Securities (601108) H2 2025 earnings summary

Executive summary

• Achieved record operating results in 2025, with revenue of ¥6.92 billion, up 10.13% year-over-year, and net profit attributable to shareholders of ¥2.63 billion, up 12.50% year-over-year.

• Total assets reached ¥161.41 billion, up 11.66% from the previous year; net assets attributable to shareholders rose 3.96% to ¥37.85 billion.

• Maintained a stable dividend policy, with total cash dividends and share buybacks for 2025 amounting to ¥806 million, representing 30.63% of net profit.

• Received an unqualified audit opinion from KPMG Huazhen.

Financial highlights

• Operating income: ¥6.92 billion, up 10.13% year-over-year.

• Net profit attributable to shareholders: ¥2.63 billion, up 12.50% year-over-year.

• Total assets: ¥161.41 billion, up 11.66% year-over-year.

• Basic EPS: ¥0.57, up 14.00% year-over-year; diluted EPS: ¥0.55.

• ROE: 7.08%, up 0.49 percentage points year-over-year.

• Net cash flow from operating activities: ¥5.36 billion, down 60.96% year-over-year.

Outlook and guidance

• Will continue to deepen customer-centric reforms and digital transformation, aiming to strengthen core competitiveness and risk resilience.

• Plans to further expand in technology finance, asset management, and international business, with a focus on high-quality growth and innovation.