Zhongyuan Securities' net profit in 2025 is 456 million yuan, with a decline in investment banking business. Zhongzhou Blue Ocean has reduced capital three times this year to slim down.

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Blue Whale News, March 27 (Reporter Wang Wanying) This evening, Zhongyuan Securities (601375.SH) released its 2025 annual report. For the full year, the company achieved operating revenue of RMB 1.963 billion, representing a year-on-year increase of 40.97%. Net profit attributable to shareholders of listed companies was RMB 456 million, up significantly by 85.41% year over year.

Of this, revenue from the wealth management business was RMB 1.056 billion, up by RMB 241 million, mainly due to an increase in revenue from brokerage securities trading business; revenue from the proprietary trading business was RMB 160 million, up by RMB 245 million, mainly due to an increase in investment business revenue; revenue from the headquarters and other businesses was RMB 16 million, up by RMB 102 million, mainly due to an increase in equity center investment fund income; credit business revenue was RMB 462 million, up by RMB 50 million, mainly due to an increase in interest income from financing business; revenue from the investment management business was RMB 171 million, up by RMB 17 million, mainly due to an increase in subsidiary investment fund income; overseas business revenue was RMB 20 million, down by RMB 26 million, mainly due to a decrease in investment income from financial products held by Zhongzhou International; futures business revenue was RMB 81 million, down by RMB 26 million, mainly due to a decrease in revenue from futures brokerage business; investment banking business revenue was RMB 20 million, down by RMB 28 million, mainly due to a decrease in securities underwriting revenue.

The reporter noted that there are two important pieces of information in the annual report worth paying attention to: first, the subsidiary Zhongzhou Blue Sea Investment Management Co., Ltd. completed a capital reduction; second, the company continues to promote the dividend and shareholder return mechanism. During the reporting period, Zhongzhou Blue Sea, an immediate controlling subsidiary at the first level, completed three rounds of capital reduction, bringing registered capital down from RMB 3.05 billion to RMB 2.226 billion.

The profit distribution plan reviewed and approved by the company’s board of directors is as follows: RMB 0.22 in cash dividends for every 10 shares (tax included). The total cash dividends proposed to be distributed are RMB 102 million (tax included). The company will not convert capital reserves into share capital, nor will it distribute bonus shares. This plan still requires approval at the shareholders’ meeting. In 2025, the company will distribute a total of RMB 0.30 in cash dividends for every 10 shares (tax included). (Blue Whale News Wang Wanying wangwanying@lanjinger.com)