Everbright Securities Company (601788) Q4 2025 earnings summary

Executive summary

• Achieved revenue of RMB 10.85 billion in 2025, up 13.06% year-over-year; net profit attributable to shareholders was RMB 3.72 billion, up 21.77% year-over-year.

• All major business clusters contributed to growth, with wealth management accounting for 55% of revenue.

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

• Audit report issued with standard unqualified opinion by KPMG.

Financial highlights

• Operating income: RMB 10.85 billion, up 13.06% year-over-year.

• Net profit attributable to shareholders: RMB 3.72 billion, up 21.77% year-over-year.

• Basic and diluted EPS: RMB 0.73, up 25.86% year-over-year.

• Total assets: RMB 318.1 billion, up 8.59% from previous year-end.

• Net assets attributable to shareholders: RMB 71.92 billion, up 5.17% year-over-year.

• Operating cash flow: RMB 13.91 billion.

Outlook and guidance

• 2026 strategy focuses on building a top-tier service-oriented investment bank, with emphasis on digital transformation, risk management, and high-quality growth.

• Plans to expand project reserves, deepen investment-banking integration, and enhance capital strength.

• Wealth management to focus on customer acquisition, digital innovation, and product matrix expansion.