Nanhua Futures (603093) Q1 2025 earnings summary

Executive summary

• Q1 revenue was RMB 533.7m, down 46.20% YoY, while net profit attributable to shareholders was RMB 85.7m, up 0.13% YoY; revenue fell due to a net presentation rule change, with no net profit impact.

• Q1 financial statements were unaudited.

Financial highlights

• Revenue was RMB 533.7m versus RMB 992.1m YoY; net profit attributable to shareholders was RMB 85.7m versus RMB 85.6m.

• Adjusted for non-recurring items, net profit attributable to shareholders was RMB 85.65m, up 0.74% YoY.

• Operating cash flow was negative RMB 11.76bn versus negative RMB 2.59bn in Q1 2024.

Key financial ratios and metrics

• Basic and diluted EPS were RMB 0.14 per share, unchanged YoY.

• Weighted average return on equity was 2.07%, versus 2.28% in Q1 2024.

• Total assets were RMB 39.28bn at March 31, 2025, down 19.61% from year-end 2024; equity attributable to shareholders was RMB 4.15bn, up 0.81%.