Soochow Securities (601555) Q1 2025 earnings summary

Executive summary

• Revenue for Q1 2025 reached RMB 3.09 billion, up 38.95% year-over-year, with net profit attributable to shareholders at RMB 979.61 million, a 114.86% increase year-over-year.

• Basic and diluted EPS both rose to RMB 0.20, up 122.22% from the same period last year.

• Operating cash flow declined 59.32% year-over-year to RMB 6.27 billion.

Financial highlights

• Total assets at March 31, 2025 were RMB 199.40 billion, up 12.14% from year-end 2024.

• Shareholders’ equity attributable to listed company shareholders increased 1.43% to RMB 42.32 billion.

• Net capital at the parent company was RMB 28.45 billion, with a risk coverage ratio of 262.41%.

• Non-recurring profit and loss items contributed RMB 7.37 million to net profit.

Outlook and guidance

• Revenue and profit growth attributed to higher brokerage commission income and investment returns.

• Management expects continued compliance with regulatory risk control requirements.