Western Securities Co. (002673) Q1 2025 earnings summary

Executive summary

• Net profit attributable to shareholders rose 48.33% year-over-year to ¥291 million, despite a 23.75% decline in revenue to ¥1.22 billion.

• Basic and diluted EPS increased 48.52% year-over-year to ¥0.0652.

• Total assets grew 9.19% from the previous year-end to ¥104.78 billion.

Financial highlights

• Operating cash flow was negative at -¥100 million, down from ¥2.17 billion in the same period last year.

• Net profit excluding non-recurring items increased 51.31% year-over-year.

• Weighted average ROE improved by 0.31 percentage points to 1.01%.

• Non-recurring gains mainly from government subsidies and tax rebates totaled ¥5.76 million.

Outlook and guidance

• Management emphasized a focus on high-quality development, business chain integration, and efficiency improvement.