Shenwan Hongyuan Group Co (000166) Q2 2025 earnings summary

Executive summary

• Achieved consolidated operating revenue of RMB 11.70 billion, up 44.44% year-over-year for H1 2025.

• Net profit attributable to shareholders reached RMB 4.28 billion, up 101.32% year-over-year.

• Basic EPS was RMB 0.17, up 112.50% year-over-year; weighted average ROE was 4.00%.

• Cash dividend proposal: RMB 0.35 per 10 shares, totaling RMB 876 million, pending shareholder approval.

Financial highlights

• Operating revenue: RMB 11.70 billion (+44.44% YoY); net profit: RMB 4.80 billion (+67.78% YoY).

• Net profit attributable to shareholders: RMB 4.28 billion (+101.32% YoY).

• Net cash flow from operating activities: RMB 16.58 billion (vs. -RMB 20.26 billion YoY).

• Total assets: RMB 682.05 billion; total liabilities: RMB 545.43 billion.

• Adjusted net profit (excluding non-recurring items): RMB 4.22 billion (+104.32% YoY).

Outlook and guidance

• H2 2025 expected to see continued growth in investment banking and personal finance, leveraging policy tailwinds and market expansion.

• Focus on high-quality development, digital transformation, and comprehensive risk management.

• Will continue to strengthen capital market services, support national strategies, and enhance internationalization.