Zheshang Securities Co., Ltd. 2025 Annual Performance Briefing Announcement

Stock Code: 601878 Stock Abbreviation: Zhaoshang Securities Announcement No.: 2026-018

Zhaoshang Securities Co., Ltd. 2025 Annual Performance Quick Report Announcement

The Board of Directors of the Company and all directors hereby guarantee that the contents of this announcement do not contain any false records, misleading statements, or material omissions, and assume individual and joint liability for the truthfulness, accuracy, and completeness of its contents.

The principal financial data for the 2025 fiscal year set forth in this announcement are preliminary accounting figures, not audited by an accounting firm. The specific data shall be subject to the figures disclosed in the Company’s 2025 annual report. Investors are hereby requested to pay attention to investment risks.

I. Principal Financial Data and Indicators for FY 2025

Unit: RMB yuan

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Note: In July 2025, the Accounting Department of the Ministry of Finance issued an implementation Q&A on accounting treatment related to standardized warrant trading. In accordance with the relevant requirements, the Company changed its accounting policy effective January 1, 2025, and used the retrospective adjustment method to make retrospective adjustments to the financial statements for 2024. This retrospective adjustment has no impact on the Company’s total assets as of December 31, 2024, total liabilities, total profit for FY 2024, and net profit.

II. Explanation of Operating Performance and Financial Position

In 2025, China’s domestic capital markets showed an upward trend, and market activity increased significantly. Facing an increasingly intense competitive environment, the Company maintained strategic resolve, seized opportunities for development, and comprehensively implemented the political and people-centered nature of financial work. Operating performance achieved steady growth. For the full year, the Company recorded operating revenue of 8.841 billion yuan, up 35.95% year over year; it achieved net profit of 2.843 billion yuan, up 41.64% year over year. By the end of 2025, the Company’s total assets increased 45.90% compared with the end of the previous year, and the shareholders’ equity attributable to the shareholders of the listed company increased 4.54% compared with the end of the previous year.

III. Risk Warning

The principal financial data for the 2025 fiscal year set forth in this announcement are preliminary accounting figures, not audited by an accounting firm. The relevant data may differ from the figures disclosed in the Company’s 2025 annual report. Investors are hereby requested to pay attention to investment risks.

IV. Documents for Reference

A comparative statement of assets and liabilities and a statement of profit and loss, signed and stamped by the Company’s current legal representative, the person in charge of accounting work, and the person in charge of the accounting institution.

This is hereby announced.

Board of Directors of Zhaoshang Securities Co., Ltd.

April 1, 2026

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