China Galaxy Securities (6881) Q1 2025 earnings summary

Executive summary

• Operating income for Q1 2025 reached RMB 7.56 billion, up 4.77% year-over-year, with net profit attributable to shareholders surging 84.86% to RMB 3.02 billion, driven by strong performance in wealth management, investment trading, and investment banking.

• Basic and diluted EPS both rose to RMB 0.25, up from RMB 0.12 in Q1 2024.

• Weighted average return on net assets increased by 1.14 percentage points to 2.44%.

Financial highlights

• Net cash flow from operating activities dropped 91.04% year-over-year to RMB 7.38 billion.

• Total assets grew 1.70% from year-end 2024 to RMB 749.98 billion; owners' equity attributable to shareholders rose 1.24% to RMB 142.22 billion.

• Net profit excluding non-recurring gains or losses was RMB 3.02 billion, up 85.06% year-over-year.

Outlook and guidance

• Growth in net profit and EPS attributed to robust results across core business lines, with management highlighting continued momentum in wealth management, investment trading, and investment banking.