China Great Wall Securities (002939) H1 2025 earnings summary

Executive summary

• Achieved record performance in H1 2025, with revenue up 44.24% and net profit up 91.92% year-over-year.

• Industry ranking improved: revenue ranked 25th and net profit 18th among peers, both up from year-end 2024.

• Strategic focus on digital transformation, green finance, and energy sector integration.

• Maintained robust risk management and compliance, with no major regulatory or legal issues.

Financial highlights

• Operating revenue: ¥2.86 billion, up 44.24% year-over-year.

• Net profit attributable to shareholders: ¥1.38 billion, up 91.92% year-over-year.

• Basic and diluted EPS: ¥0.34, up 88.89% year-over-year.

• Operating cash flow: ¥7.55 billion, up 102.85% year-over-year.

• Total assets: ¥127.56 billion, up 3.49% from year-end 2024.

Outlook and guidance

• Plans to further strengthen digital wealth management and expand differentiated ETF and advisory services in H2 2025.

• Investment banking to focus on M&A, refinancing, and green/innovation bonds.

• Asset management to deepen product innovation and expand REITs and external mandates.

• Continued emphasis on risk control, technology-driven growth, and green finance.