Nanjing Securities (601990) Q1 2025 earnings summary

Executive summary

• Net profit attributable to shareholders rose 5.32% year-over-year to RMB 276.54 million in Q1 2025.

• Operating revenue declined 11.62% year-over-year to RMB 779.36 million.

• Basic and diluted EPS both increased to RMB 0.08, up 14.29% year-over-year.

• Total assets reached RMB 75.68 billion, up 8.48% from year-end 2024.

Financial highlights

• Net cash flow from operating activities was negative RMB 2.998 billion, mainly due to increased outflows for trading financial instruments.

• Investment income surged to RMB 422.72 million from RMB 193.00 million year-over-year.

• Net interest income dropped to RMB 155.70 million from RMB 241.48 million year-over-year.

• Fee and commission income fell to RMB 342.92 million from RMB 409.47 million year-over-year.

• Public value change losses of RMB 38.68 million, compared to a gain of RMB 187.28 million last year.

Outlook and guidance

• All risk control indicators and net capital ratios remain compliant with regulatory requirements.