Everbright Securities Company (601788) Q4 2025 earnings summary

Executive summary

• Achieved revenue of RMB 10.85 billion in 2025, up 13% year-over-year; net profit attributable to shareholders was RMB 3.72 billion, up 21.77% year-over-year.

• All major business clusters (wealth management, investment banking, institutional, trading, asset management, private equity) contributed to growth.

• Board proposes a cash dividend of RMB 0.174 per share (pre-tax), totaling RMB 1.31 billion for 2025.

Financial highlights

• Operating income: RMB 10.85 billion (+13.06% YoY); net profit: RMB 3.72 billion (+21.77% YoY).

• Total assets: RMB 318.1 billion (+8.59% YoY); total equity: RMB 72.8 billion (+5.17% YoY).

• Basic and diluted EPS: RMB 0.73 (+25.86% YoY); ROE: 5.58% (+1.00ppt YoY).

• Cash flow from operations: RMB 13.91 billion; cash dividend payout ratio: 38.96%.

Outlook and guidance

• 2026 strategy focuses on building a top-tier investment bank, enhancing digital transformation, and expanding core business clusters.

• Plans to deepen client-centric service, strengthen risk management, and pursue high-quality growth.