Orient Securities Company (600958) Q4 2025 earnings summary

Executive summary

• Achieved strong growth in operating revenue and net profit attributable to the parent company, with year-over-year increases of 26.2% and 68.2% respectively for 2025.

• ROE improved by 2.85 percentage points year-over-year, reaching 8.00%.

• Total assets and net assets attributable to the parent company increased by 16.6% and 1.6% respectively compared to the beginning of the year.

• Maintained a stable dividend policy, with a payout ratio exceeding 45% over the past four years and a proposed 2025 cash dividend of RMB 1,690 million.

• Received multiple industry awards, including the 2025 Golden Bull Award and top rankings in wealth management and investment banking.

Financial highlights

• Operating revenue for 2025 reached RMB 153.6 billion, up from RMB 121.7 billion in 2024.

• Net profit attributable to the parent company was RMB 56.3 billion, a significant increase from RMB 33.5 billion in 2024.

• ROE rose to 8.00% from 5.15% in 2024.

• Total assets at year-end 2025 were RMB 4,868.8 billion.

• Net assets attributable to the parent company stood at RMB 826.9 billion.

Outlook and guidance

• Strategic focus for 2026 centers on groupization, digitalization, and internationalization.

• Plans to deepen growth in large-scale wealth, institutions, and investment banking businesses.

• Emphasis on leveraging fintech, expanding cross-border operations, and enhancing customer experience.