Soochow Securities (601555) Q4 2024 earnings summary

Executive summary

• Achieved steady growth in a complex market, focusing on high-quality development and differentiated business strategies.

• Emphasized services for the real economy, wealth management, and regional development.

Financial highlights

• Operating revenue reached RMB 11,536.37 million, up 2.26% year-over-year.

• Net profit attributable to shareholders was RMB 2,366.18 million, up 18.19% year-over-year.

• Operating profit increased 17.17% year-over-year to RMB 3,060.58 million.

• Basic EPS rose 20% year-over-year to RMB 0.48.

• Total assets at year-end were RMB 177,848.65 million, up 12.92% from the start of the year.

Key financial ratios and metrics

• Weighted average ROE improved by 0.65 percentage points to 5.81%.

• Net assets per share increased 5.93% year-over-year to RMB 8.40.