Southwest Securities (600369) H2 2025 earnings summary

Executive summary

• Achieved revenue of RMB 3.21 billion and net profit of RMB 1.06 billion in 2025, up 25.35% and 51.90% year-over-year, respectively.

• Core businesses saw robust growth, with investment banking, asset management, and brokerage all contributing to performance.

• Continued to deepen regional strategy, expand digital transformation, and enhance risk management.

• Maintained strong support for the real economy, with annual financing services exceeding RMB 93 billion.

Financial highlights

• Revenue: RMB 3.21 billion, up 25.35% year-over-year.

• Net profit: RMB 1.06 billion, up 51.90% year-over-year.

• Basic EPS: RMB 0.16, up 45.45% year-over-year.

• Total assets: RMB 104.74 billion, up 25.82% from prior year-end.

• ROE: 4.08%, up 1.35 percentage points year-over-year.

• Cash dividend payout ratio: 60.05% of net profit.

Outlook and guidance

• 2026 marks the start of the new five-year plan, with a focus on capital increase, digital transformation, and compliance.

• Targeting further growth in core businesses, enhanced risk management, and continued support for regional economic development.

• Plans to raise up to RMB 6 billion via A-share issuance to support business expansion.