Southwest Securities (600369) Q1 2025 earnings summary

Executive summary

• Revenue for Q1 2025 reached RMB 614.31 million, up 5.10% year-over-year.

• Net profit attributable to shareholders was RMB 245.55 million, a 6.98% increase year-over-year.

• Basic and diluted EPS both rose to RMB 0.04, up 33.33% from the prior year.

Financial highlights

• Operating cash flow turned negative at -RMB 4.12 billion, compared to a positive RMB 3.28 billion last year.

• Total assets at quarter-end were RMB 84.40 billion, up 1.39% from year-end 2024.

• Shareholders’ equity increased to RMB 25.97 billion, up 0.60% from year-end.

• Non-recurring profit items contributed RMB 24.70 million to net profit.

Outlook and guidance

• Management referenced the 2024 annual report for further details on business outlook.