Huatai Securities (601688) Q1 2025 earnings summary

Executive summary

• Revenue for Q1 2025 reached ¥8.23 billion, up 34.83% year-over-year, driven by active markets and growth in wealth management, institutional services, and investment management.

• Net profit attributable to shareholders was ¥3.64 billion, a 58.97% increase year-over-year.

• Basic and diluted EPS both rose to ¥0.38, up over 58% from the prior year.

Financial highlights

• Operating income: ¥8.23 billion, up 34.83% year-over-year.

• Net profit attributable to shareholders: ¥3.64 billion, up 58.97% year-over-year.

• Net cash flow from operating activities: -¥10.82 billion, compared to ¥31.56 billion in Q1 2024.

• Total assets at quarter-end: ¥823.25 billion, up 1.10% from year-end 2024.

• Shareholders’ equity: ¥195.27 billion, up 1.87% from year-end 2024.

Outlook and guidance

• Revenue and profit growth attributed to market recovery and increased trading activity.

• Wealth management, institutional services, and investment management expected to remain key growth drivers.