Everbright Securities Company (601788) Q4 2025 earnings summary

Executive summary

• Revenue for 2025 reached RMB15.84 billion, up 11.6% year-over-year; net profit attributable to shareholders was RMB3.72 billion, up 21.8% year-over-year.

• All core risk control indicators met regulatory requirements; KPMG issued a standard unqualified audit opinion.

• Proposed final cash dividend of RMB0.1740 per share, totaling RMB802 million, pending shareholder approval.

Financial highlights

• Fee and commission income rose 21% to RMB8.07 billion; interest income increased 6% to RMB5.14 billion.

• Net investment gains decreased 6% to RMB2.35 billion; other income and gains rose 58% to RMB283 million.

• Total expenses increased 5% to RMB11.30 billion; staff costs stable at RMB3.86 billion.

• Total assets grew 8.6% to RMB318.1 billion; equity attributable to shareholders rose 5.2% to RMB71.9 billion.

• Basic and diluted EPS were RMB0.73, up from RMB0.58 in 2024.

• Weighted average ROE was 4.58%, down from 6.91% in 2024.

Outlook and guidance

• Strategic focus on developing a first-class service-oriented investment bank in China, with emphasis on risk prevention, compliance, and technological empowerment.

• 2026 plans include expanding client base, enhancing digital transformation, and deepening integration of technology and business.

• Continued commitment to high-quality development, serving the real economy, and maintaining stable dividend policy.