Tonghuashun's net profit last year increased by 75% year-on-year to 3.2 billion yuan, with a proposed 10-for-4 bonus and a dividend of 5.1 yuan per share

Zhejiang Naxin Tonghuashun Network Information Co., Ltd. (referred to as “Tonghuashun,” 300033) achieved a net profit increase of over 75% last year.

On the evening of March 9, Tonghuashun released the “2025 Annual Report,” showing that during the reporting period, the company’s operating revenue was 6.029 billion yuan, a 44% increase year-over-year; net profit attributable to shareholders of the listed company was 3.205 billion yuan, a 75.79% increase year-over-year.

In 2025, Tonghuashun’s basic earnings per share were 5.96 yuan, a 75.81% increase year-over-year; as of the end of 2025, the company’s total assets were 15.833 billion yuan, up 44.24% from 10.977 billion yuan at the end of 2024. The company plans to transfer 4.0 new shares for every 10 shares held and distribute 51.0 yuan (tax included) per 10 shares, totaling a cash dividend of 2.742 billion yuan.

Quarterly, Tonghuashun’s revenue and net profit saw significant growth in Q4 2025.

Specifically, in terms of operating revenue, the first to third quarters of 2025 were 748 million yuan, 1.031 billion yuan, and 1.481 billion yuan, respectively; net profits were 120 million yuan, 381 million yuan, and 704 million yuan.

In Q4 2025, Tonghuashun’s operating revenue exceeded 2.7 billion yuan, reaching 2.768 billion yuan; net profit approached 2 billion yuan, at 1.999 billion yuan.

Main business segments, according to Tonghuashun’s 2025 annual report, include advertising and internet promotion services, value-added telecommunications services, software sales and maintenance, fund sales, and other transaction fees.

Among these, advertising and internet promotion services accounted for the largest share of total revenue at 57.43%, generating 3.462 billion yuan in 2025. Revenue from value-added telecommunications services accounted for 32.35% of total revenue, amounting to 1.951 billion yuan.

Software sales and maintenance, fund sales, and other transaction fees earned 399 million yuan and 217 million yuan, respectively, representing 6.62% and 3.60% of total revenue.

In terms of growth, in 2025, revenue from advertising and internet promotion services increased the most, with a year-over-year growth of 70.98%. Revenue from value-added telecommunications services, fund sales, and other transaction fees, as well as software sales and maintenance, all grew by more than 10%, at 20.71%, 14.24%, and 12.12%, respectively.

Regarding last year’s performance growth, Tonghuashun stated in its announcement that the increase in operating revenue and net profit was mainly due to the company’s increased investment in artificial intelligence and other fields, promoting product integration with large model technology, optimizing core product competitiveness and user experience, leading to rapid growth across various business areas.

“At the same time, the domestic capital market remains active, investor confidence is strong, market trading activity has significantly increased, and demand for financial information services has grown,” Tonghuashun further noted. “Additionally, with increased user activity on Tonghuashun’s website and app, the company has expanded into lifestyle, consumer, and technology clients, while demand from securities, funds, and other financial clients has also increased, resulting in higher revenue from advertising and internet promotion services.”

Notably, on September 6, 2025, Yi Zheng announced his first share reduction plan since the company’s listing. According to the announcement, the controlling shareholder, actual controller, and holder of 194 million shares (36.13% of total shares), Chairman Yi Zheng, and shareholder Hangzhou Kaisi Shun Technology Co., Ltd. (“Kaisi Shun”), which holds 48.1938 million shares (8.96%), planned to reduce no more than 1.3831 million shares (0.26% of total shares) within three months after 15 trading days from the announcement, through centralized bidding or block trading.

However, on September 9, 2025, Tonghuashun announced again that Yi Zheng decided to terminate the reduction plan early due to various factors and issued a notice of non-reduction and early termination of the plan.

“Since the company’s listing on December 25, 2009, nearly 16 years ago, the actual controller Yi Zheng has never reduced his holdings,” Tonghuashun stated at that time.

According to Tonghuashun’s 2025 annual report, during the reporting period, the shareholding ratio of the company’s actual controller Yi Zheng remained unchanged after the initial reduction plan was announced, at 36.13%.

As of the close on March 9, according to Dazhihui VIP, Tonghuashun’s stock price was 316.77 yuan per share, down 1.36%.