Southwest Securities (600369) Q1 2026 earnings summary

Executive summary

• Achieved revenue of RMB 791.25 million in Q1 2026, up 28.91% year-over-year.

• Net profit attributable to shareholders reached RMB 310.34 million, a 26.39% increase year-over-year.

• Operating cash flow turned positive to RMB 2.06 billion from a net outflow in the prior year.

Financial highlights

• Total assets at quarter-end were RMB 105.93 billion, up 1.13% from year-end 2025.

• Shareholders’ equity rose 1.34% to RMB 26.60 billion.

• Basic and diluted EPS were both RMB 0.05, up 25% year-over-year.

• ROE increased by 0.22 percentage points to 1.17%.

Outlook and guidance

• Received regulatory approval to issue corporate bonds to professional investors in February 2026.

• Approved to issue A-shares to specific investors, supporting future capital needs.