Guosen Securities (002736) Q3 2025 earnings summary

Executive summary

• Achieved significant year-over-year growth in revenue and net profit for the first nine months of 2025, driven by strong investment and brokerage business performance.

• Completed the acquisition of a 96.08% stake in Wanhe Securities, expanding business scale and market presence.

Financial highlights

• Operating revenue for Q3 2025 was ¥8.13 billion, up 101.11% year-over-year; year-to-date revenue reached ¥19.20 billion, up 69.41%.

• Net profit attributable to shareholders for Q3 was ¥3.77 billion, up 116.65% year-over-year; year-to-date net profit was ¥9.14 billion, up 87.28%.

• Basic and diluted EPS for Q3 were ¥0.36, up 140% year-over-year; year-to-date EPS was ¥0.85, up 107.32%.

• Total assets at period end were ¥561.1 billion, up 11.88% from the previous year-end.

• Net cash flow from operating activities for the first nine months was ¥25.49 billion, down 54.65% year-over-year.

Outlook and guidance

• Integration of Wanhe Securities expected to further enhance business synergies and market competitiveness.