Huatai Securities (601688) H2 2025 earnings summary

Executive summary

• Achieved stable growth in 2025 with total assets of RMB 1,077.35 billion and net profit attributable to shareholders of RMB 16.38 billion, up 6.72% year-over-year.

• Operating income reached RMB 35.81 billion, up 6.83% year-over-year; net assets attributable to shareholders at RMB 206.94 billion.

• Maintained industry-leading position in wealth management, investment banking, and international business.

• MSCI ESG rating sustained at AAA, the highest global investment banking level.

Financial highlights

• Operating income: RMB 35.81 billion, up 6.83% year-over-year.

• Net profit attributable to shareholders: RMB 16.38 billion, up 6.72% year-over-year.

• Total assets: RMB 1,077.35 billion, up 32.31% from previous year.

• Basic and diluted EPS: RMB 1.73, up from RMB 1.62 last year.

• Cash dividend per share: RMB 0.55 (including interim), payout ratio 30.30%.

Outlook and guidance

• Will continue to focus on AI-driven business transformation, global expansion, and digital finance.

• Plans to further enhance cross-border business, asset management, and technology-driven services in 2026.

• Strategic goal to be a top-tier investment bank with both local advantages and global influence.