SDIC Capital (600061) H2 2025 earnings summary

Executive summary

• Achieved consolidated net profit attributable to shareholders of RMB 3.28 billion in 2025, up 21.71% year-over-year; total assets reached RMB 329.43 billion, up 8.94% year-over-year.

• Core business segments (securities, trust, fund, futures) all contributed to growth, with securities business showing strong resilience and transformation progress.

• Maintained a stable dividend policy: proposed cash dividend of RMB 1.55 per 10 shares, totaling RMB 986.92 million, representing 30% payout ratio.

Financial highlights

• Operating income for 2025 was RMB 13.54 billion, up 3.79% year-over-year.

• Net profit attributable to shareholders was RMB 3.28 billion, up 21.71% year-over-year.

• Basic EPS was RMB 0.50, up 21.95% year-over-year; ROE was 6.08%, up 0.91 percentage points.

• Total assets at year-end were RMB 329.43 billion, up 8.94% year-over-year; net assets attributable to shareholders were RMB 56.74 billion, up 3.30%.

• Operating cash flow was RMB 14.89 billion, down 42.64% year-over-year due to changes in repo and investment activities.

Outlook and guidance

• 2026 focus: build a leading domestic industrial financial management platform, accelerate digital and AI-driven transformation, and strengthen risk management.

• Securities business to deepen industry investment banking and wealth management transformation; trust business to focus on family and charity trusts; fund business to enhance active management and product innovation.

• Continued emphasis on risk control, compliance, and sustainable growth.