Zhongtai Securities (600918) Q3 2025 earnings summary

Executive summary

• Achieved significant year-over-year growth in revenue and net profit, driven by wealth management, investment, and asset management business expansion.

• Net profit attributable to shareholders rose 480.78% for the quarter and 158.63% for the nine-month period compared to the same periods last year.

• Basic and diluted EPS increased 700% for the quarter and 183.33% for the nine-month period year-over-year.

Financial highlights

• Q3 revenue: RMB 3.75 billion, up 61.18% year-over-year; nine-month revenue: RMB 9.01 billion, up 21.30%.

• Q3 net profit attributable to shareholders: RMB 589 million; nine-month net profit: RMB 1.30 billion.

• Operating cash flow for the nine months: RMB 4.81 billion, down 82.78% year-over-year.

• Total assets at quarter-end: RMB 237.57 billion, up 5.73% from year-end.

Outlook and guidance

• Continued compliance with regulatory risk control requirements; focus on core capital and liquidity.

• Ongoing expansion in wealth management, investment, and asset management expected to support future growth.