[Global Network Finance Comprehensive Report] As of April 15, Choice data shows that a total of 30 A-share listed securities firms have released their annual reports for 2025. Among them, CITIC Securities continues to rank first in total operating revenue and net profit attributable to shareholders, achieving an operating revenue of 74.854 billion yuan for the year, a year-on-year increase of 28.79%; net profit attributable to shareholders exceeded 30 billion yuan, reaching 30.076 billion yuan, a year-on-year increase of 38.58%.
<img src="https://imageproxy.pbkrs.com/https://inews.gtimg.com/om_bt/OaNwGTx5aT0DzWUAGEaIUWyIfPWxqgN6fmfMS2fSrW6s4AA/641?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://inews.gtimg.com/om_bt/OaNwGTx5aT0DzWUAGEaIUWyIfPWxqgN6fmfMS2fSrW6s4AA/641"/>
(Source/Oriental IC)
According to statistics from Choice data, the 30 securities firms that have disclosed their annual reports achieved a total operating revenue of 484.7 billion yuan, of which 16 firms had revenues exceeding 10 billion yuan. The top three in revenue are: CITIC Securities (74.854 billion yuan), Guotai Haitong (63.107 billion yuan), and Huatai Securities (35.810 billion yuan).
In terms of revenue growth rate, 28 securities firms achieved positive year-on-year growth. Guolian Minsheng ranked first with a growth rate of 185.99%, followed by Guotai Haitong and Zhongyuan Securities in second and third places.
Regarding net profit attributable to shareholders, the 30 securities firms achieved a total of 193 billion yuan, of which 7 firms exceeded 10 billion yuan. The top three are: CITIC Securities (30.076 billion yuan), Guotai Haitong (27.809 billion yuan), and Huatai Securities (16.383 billion yuan). All 30 securities firms achieved positive growth in net profit attributable to shareholders, with Guolian Minsheng ranking first with a growth rate of 405.49%, followed by Xiangcai Co., Ltd. (325.15%) and Guotai Haitong (113.52%).
Institutions express strong optimism about the securities sector. Shenwan Hongyuan believes that the securities sector is ushering in high performance growth, with multiple factors such as GEM reform, easing suppression, and low valuations resonating and catalyzing, highlighting the characteristics of &#34;high ROE, low PB.&#34; It is expected that the first quarter reports of securities firms will maintain high growth. First, the operating environment in the first quarter is improving; except for the overall fluctuations in the equity market in March and the decline in net value of equity funds, other business lines have shown positive trends; second, it is expected that the core incremental growth for the year will come from brokerage, investment banking, asset management, and international businesses, focusing on the trend of rebalancing light and heavy assets to drive the improvement of ROE and PB recovery. (Wen Hui)

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As of April 15, 30 A-share listed securities firms have released their annual reports for 2025, all achieving positive net profit growth. CITIC Securities reported operating revenue of 74.854 billion yuan and net profit of 30.076 billion yuan, both ranking first in the industry. Overall, the 30 securities firms accumulated operating revenue of 484.7 billion yuan and net profit attributable to shareholders of 193 billion yuan, all achieving positive growth. Institutions are optimistic about the securities sector, expecting high growth to be maintained in the first quarter, benefiting from multiple catalytic factors

腾讯新闻 - 财经

CITIC SEC

CITIC Securities Co., Ltd.

Hwabao WP CSI All Share Investment Banking & Brokerage ETF

Yinhua CSI All Share Investment Banking & Brokerage ETF

China Southern CSI All Share Investment Banking & Brokerage ETF

Guotai CSI All Share Investment Banking & Brokerage ETF

GF Fund CSI HK Connect Financials(ex Banks) Thematic ETF

E Fund CSI 300 Financials (ex Banks) ETF

HTSC

Guolian Minsheng Sec

GLMS SEC

CCSC

CC SECURITIES

XIANGCAI

Shenwan Hongyuan

SWHY

Huatai Securities Co., Ltd. GDR Class A RegS

SWHYHK

30 securities firms are expected to achieve positive net profit growth in 2025, and the market is firmly optimistic