Sinolink Securities (600109) Q3 2025 earnings summary

Executive summary

• Revenue for Q3 2025 reached RMB 2.29 billion, up 41.84% year-over-year; YTD revenue was RMB 6.15 billion, up 43.36% year-over-year.

• Net profit attributable to shareholders for Q3 was RMB 589.55 million, up 34.36% year-over-year; YTD net profit was RMB 1.70 billion, up 90.27% year-over-year.

• Significant growth in fee and commission income and investment returns drove profit increases.

Financial highlights

• Total assets at Q3-end were RMB 146.07 billion, up 21.61% from year-end 2024.

• Basic and diluted EPS for Q3 were RMB 0.160, up 34.45% year-over-year; YTD EPS was RMB 0.461, up 90.50% year-over-year.

• Operating cash flow for the first nine months was RMB 1.15 billion, down 93.38% year-over-year due to increased investment and lending outflows.

• Net assets attributable to shareholders at Q3-end were RMB 34.92 billion, up 3.53% from year-end 2024.

Outlook and guidance

• The company adopted a “Quality Improvement, Efficiency Enhancement, and Return Focus” action plan for 2025, emphasizing operational capability, investor returns, and governance.