Changjiang Securities Company (000783) Q1 2025 earnings summary

Executive summary

• Revenue for Q1 2025 reached RMB 2.51 billion, up 88.81% year-over-year; net profit attributable to shareholders was RMB 979.56 million, up 143.76%.

• Basic and diluted EPS were RMB 0.17, a 142.86% increase year-over-year.

• Operating cash flow decreased 45.88% year-over-year to RMB 3.26 billion.

Financial highlights

• Net profit excluding non-recurring items was RMB 967.24 million, up 150.36% year-over-year.

• Gross margin and segment details not specified, but investment income rose 295.39% to RMB 883.01 million.

• Total assets at quarter-end were RMB 159.04 billion, down 7.41% from year-end 2024.

• Shareholders’ equity increased 2.48% to RMB 40.17 billion.

Outlook and guidance

• No explicit forward guidance, but risk control and capital adequacy ratios improved, indicating a stable outlook.