Huatai Securities Holds 2025 Performance Briefing to Address Market Concerns on Share Price Falling Below Net Asset Value and Business Fluctuations

Securities Times Online, China Securities Network, reported (Liu Yuxi, reporter Xu Wei). On April 2, Huatai Securities held its 2025 annual performance briefing session. Senior executives including Zhou Yi, Executive Director, Chief Executive Officer, and Chair of the Executive Committee, as well as Zhang Hui, Executive Committee Member and Secretary to the Board, attended the meeting and responded to topics of concern to the market, such as the share price trading below net asset value, shareholder returns, fluctuations in international business, and the AI strategy.

Regarding the continuous decline in the share price and the issue of trading below net asset value, Huatai Securities’ management said that the company’s fundamentals are strong, its business development is steady, and there are no risks that should be disclosed but have not been disclosed. The share price’s fluctuations are influenced by multiple factors, including the economic environment and market supply and demand. The company formulated and implemented the《Huatai Securities Co., Ltd. Market Value Management System》in 2025, and in the future it will also scientifically and prudently evaluate other value-operations and value-realization approaches, focusing on boosting investors’ confidence.

In terms of shareholder returns, since the company’s A-share listing in 2010, it has delivered cash dividends 17 times in total, amounting to RMB 42.91 billion. For 2025, it is proposed to distribute a dividend of RMB 4.97B, accounting for 47.17% of the net profit of the parent company. Zhou Yi said that retaining net profit is the main source of the company’s net capital growth. When formulating relevant profit distribution policies, the company fully considers investor returns as well as future sustainable development.

For international business, Huatai International’s 2025 operating revenue and net profit both declined year over year. Zhou Yi explained that this was mainly because Huatai International’s 2024 revenue base included one-off gains and losses from the disposal of subsidiaries. After excluding this factor, according to Chinese enterprise accounting standards, Huatai International’s 2025 revenue increased 23.8% year over year, and net profit also achieved a substantial increase. At present, the company’s total overseas assets exceed HKD 200 billion, and international business revenue accounts for nearly 19% of the company’s total operating revenue. In 2025, Huatai ranked third in the market by the number of Hong Kong equity IPO sponsor projects; among the top ten Hong Kong equity IPOs, it participated in eight deals. In markets including Singapore, the United States, India, and Japan, it successively obtained key business licenses or completed the establishment of subsidiaries.

Regarding the AI strategy, Zhou Yi introduced that last year Huatai Securities officially established an “All in AI” strategy. During the year, it completed two major initiatives: first, it launched the AI-native financial trading terminal “AI Yuele” app; second, it built an AI-driven intelligent investment research system, using sectors such as new energy vehicles, intelligent driving, and innovative drugs as breakthrough areas to achieve dynamic tracking and in-depth analysis across the industrial chain. Looking ahead to 2026, the company will, on this basis, fully promote intelligent transformation, strengthen the data, computing power, and model foundation layer, and use AI to drive a restructured and upgraded rebuilding of business segments such as wealth management, asset management, and institutional services.

The annual report previously disclosed by Huatai Securities shows that in 2025, the company achieved operating revenue of RMB 35.81B, up 6.83% year over year; net profit attributable to shareholders of the parent company was RMB 16.38B, up 6.72% year over year.