China Galaxy Securities (6881) Q3 2025 earnings summary

Executive summary

• Operating income for Q3 2025 rose 55.94% year-over-year, driven by growth in investment, brokerage, and investment banking businesses.

• Net profit attributable to shareholders increased 73.94% year-over-year for the quarter, with basic and diluted EPS up 90%.

• Total assets reached ¥861.1 billion as of September 30, 2025, up 16.76% from year-end 2024.

Financial highlights

• Q3 2025 operating income: ¥9.0 billion, up 55.94% year-over-year.

• Net profit attributable to shareholders: ¥4.48 billion, up 73.94% year-over-year.

• Basic and diluted EPS: ¥0.38 for the quarter, up 90% year-over-year.

• Net cash flow from operating activities for the first nine months: ¥33.1 billion, down 43% year-over-year.

• Total assets: ¥861.1 billion; owners’ equity: ¥152.4 billion as of September 30, 2025.

Outlook and guidance

• Growth attributed to robust performance in investment, brokerage, and investment banking segments.

• Net cash outflow from advances to customers expected to impact future operating cash flows.