Dongxing Securities (601198) H1 2025 earnings summary

Executive summary

• Achieved revenue of ¥2.25 billion in H1 2025, up 12.46% year-over-year; net profit attributable to shareholders rose 42.12% to ¥819 million.

• Basic EPS was ¥0.253, up 42.13% year-over-year; ROE increased by 0.74 percentage points to 2.84%.

• Proposed interim cash dividend of ¥0.076 per share, totaling ¥245.67 million, representing 30% of H1 net profit.

• Total assets reached ¥108.89 billion, up 3.48% from 2024 year-end; net capital at ¥24.72 billion.

Financial highlights

• Operating income: ¥2.25 billion, up 12.46% year-over-year.

• Net profit attributable to shareholders: ¥819 million, up 42.12% year-over-year.

• EBITDA/Total debt ratio: 0.0291, up 6.20%; interest coverage ratio: 2.55, up 23.19%.

• Cash flow from operations: ¥11.95 billion, a significant turnaround from negative in prior year.

Outlook and guidance

• Will continue to focus on wealth management transformation, digitalization, and product innovation.

• Plans to expand QDII quota, enhance cross-border business, and strengthen risk management.

• Aims to further develop investment banking, asset management, and international business.