Guosen Securities (002736) Q4 2025 earnings summary

Executive summary

• Achieved record-high operating results in 2025, with revenue of ¥24.14 billion and net profit of ¥11.07 billion, up 28.21% and 34.77% year-over-year, respectively.

• Total assets reached ¥576.77 billion, net assets ¥131.61 billion, up 15.01% and 10.88% from 2024 year-end.

• Completed acquisition of 96.08% of Wanhe Securities, expanding regional and business scope.

• Maintained leading industry position in profitability, risk management, and capital adequacy.

• Board proposed a cash dividend of ¥0.35 per share, with total annual cash dividend of ¥0.45 per share.

Financial highlights

• Operating revenue: ¥24.14 billion, up 28.21% year-over-year.

• Net profit attributable to shareholders: ¥11.07 billion, up 34.76% year-over-year.

• Basic and diluted EPS: ¥1.01, up 40.28% year-over-year.

• ROE: 10.69%, up 2.46 percentage points year-over-year.

• Total assets: ¥576.77 billion; net assets: ¥131.61 billion.

• Net cash from operating activities: ¥17.07 billion, down 49.41% year-over-year.

Outlook and guidance

• 2026 is the first year of the 15th Five-Year Plan, with focus on high-quality development, digital transformation, and AI integration.

• Plans to deepen wealth management, expand institutional services, and enhance international business.

• Will continue to strengthen risk management, compliance, and innovation to support sustainable growth.