Huatai Securities (601688) Q3 2025 earnings summary

Executive summary

• Revenue for the first nine months of 2025 reached ¥27.13 billion, up 12.55% year-over-year, with net profit attributable to shareholders at ¥12.73 billion, a 1.69% increase year-over-year.

• Third quarter net profit attributable to shareholders was ¥5.18 billion, down 28.11% compared to the same quarter last year, while basic EPS for the quarter was ¥0.55, a 29.49% decrease year-over-year.

• Significant growth in core business income drove a 388.90% year-over-year increase in adjusted net profit for the quarter, and a 100.04% increase for the nine-month period.

Financial highlights

• Operating income for Q3 was ¥10.91 billion, a 6.94% decrease year-over-year; for the first nine months, operating income was ¥27.13 billion, up 12.55% year-over-year.

• Net cash flow from operating activities for the first nine months was ¥10.54 billion, down 88.89% year-over-year.

• Total assets at quarter-end were ¥1.03 trillion, up 25.98% from the end of last year.

• Owner's equity attributable to shareholders was ¥205.41 billion, up 7.17% from the end of last year.

Outlook and guidance

• The company continues to expand internationally, with subsidiaries obtaining new licenses and qualifications in Singapore, Hong Kong, and the US.