Western Securities Co. (002673) Q4 2024 earnings summary

Executive summary

• Achieved net profit attributable to shareholders of RMB 1.393 billion, up 19.52% year-over-year, driven by higher investment income, brokerage commissions, and net interest income.

• Total operating revenue was RMB 6.716 billion, a decrease of 2.59% compared to the same period last year.

• Maintained a focus on high-quality development and improving operational efficiency.

Financial highlights

• Operating profit reached RMB 1.730 billion, up 12.02% year-over-year.

• Total profit was RMB 1.731 billion, up 13.03% year-over-year.

• Basic earnings per share (EPS) was RMB 0.31, up 19.23% year-over-year.

• Net assets attributable to shareholders at year-end were RMB 28.891 billion, up 3.39% from the start of the year.

Key financial ratios and metrics

• Weighted average return on equity was 4.90%, an increase of 0.66 percentage points year-over-year.

• Net asset per share at year-end was RMB 6.46, up 3.36% from the start of the year.