Everbright Securities Company (601788) Q4 2024 earnings summary

Executive summary

• Achieved operating revenue of ¥9.60 billion, down 4.32% year-over-year; net profit attributable to shareholders was ¥3.06 billion, down 28.39% year-over-year, mainly due to a high base from non-recurring gains in 2023.

• Excluding non-recurring items, net profit attributable to shareholders increased 60.66% year-over-year.

• Proposed a cash dividend of ¥918 million for 2024, with a payout ratio of 34.40%.

Financial highlights

• Operating revenue: ¥9.60 billion, down 4.32% year-over-year.

• Net profit attributable to shareholders: ¥3.06 billion, down 28.39% year-over-year.

• Net profit excluding non-recurring items: ¥3.01 billion, up 60.66% year-over-year.

• Basic EPS: ¥0.58; ROE: 4.58%.

• Total assets: ¥292.96 billion, up 12.85% from previous year-end.

• Net cash from operating activities: ¥36.38 billion, up 133.50% year-over-year.

Outlook and guidance

• Strategic focus on building a leading service-oriented investment bank, supporting national strategies, and high-quality development.

• 2025 plans include strengthening core business clusters, enhancing risk management, and digital transformation.