Dongxing Securities (601198) Q1 2025 earnings summary

Executive summary

• Q1 2025 revenue was RMB 1.43 billion, down 27.83% year-over-year; net profit attributable to shareholders was RMB 379.83 million, up 5.37% year-over-year.

• Basic and diluted EPS were RMB 0.118, up 5.36% year-over-year.

• Operating cash flow turned positive to RMB 5.54 billion from negative RMB 5.28 billion in Q1 2024.

Financial highlights

• Total assets at March 31, 2025: RMB 103.18 billion, down from RMB 105.23 billion at 2024 year-end.

• Shareholders' equity attributable to listed company: RMB 28.58 billion, up from RMB 28.35 billion at year-end.

• Net capital at parent company: RMB 24.22 billion, up from RMB 23.89 billion at year-end.

• Non-recurring profit items contributed RMB 1.98 million, mainly from asset disposal and government subsidies.

Outlook and guidance

• All risk control indicators remain compliant with regulatory requirements.