Guosen Securities (002736) Q2 2025 earnings summary

Executive summary

• Achieved strong growth in H1 2025, with net profit attributable to shareholders up 71% year-over-year to ¥5.37 billion and revenue up 51.84% to ¥11.08 billion, driven by robust self-operated and brokerage businesses.

• Maintained industry-leading profitability and capital adequacy, with a focus on digital transformation, AI empowerment, and comprehensive financial services.

• Completed the acquisition of 96.08% equity in Wanhe Securities, further expanding business scale and market influence.

Financial highlights

• Operating income reached ¥11.08 billion, up 51.84% year-over-year; net profit attributable to shareholders was ¥5.37 billion, up 71%.

• Basic and diluted EPS were ¥0.49, up 88.46% year-over-year.

• Total assets at period-end were ¥518.18 billion, up 3.32% from year-end 2024; net assets attributable to shareholders were ¥124.83 billion, up 5.17%.

• Cash flow from operating activities was ¥32.26 billion, up 43.03% year-over-year.

• Investment income rose 78.99% to ¥5.07 billion; commission and fee income up 43.15% to ¥4.35 billion.

Outlook and guidance

• Management expects continued macroeconomic stability and policy support in H2 2025, with a focus on high-quality development, digital transformation, and comprehensive financial services.

• Will continue to strengthen core business, risk management, and digital innovation to drive sustainable growth.