China Great Wall Securities (002939) Q1 2025 earnings summary

Executive summary

• Q1 2025 revenue reached RMB 1.28 billion, up 41.02% year-over-year, with net profit attributable to shareholders at RMB 605 million, up 71.56% year-over-year.

• Growth driven by higher financial asset returns, brokerage, and investment banking fee income.

Financial highlights

• Operating cash flow was RMB 4.47 billion, down 5.78% year-over-year.

• Basic and diluted EPS were RMB 0.15, up 66.67% year-over-year.

• Total assets at period-end were RMB 125.84 billion, up 2.10% from year-end 2024.

• Net assets attributable to shareholders stood at RMB 30.64 billion, up 2.14% from year-end.

Outlook and guidance

• Management expects continued business development, supported by robust financial asset returns and fee-based business growth.