CaiFu Trend's non-recurring net profit in 2025 is 247 million yuan, a decrease of nearly 10%, with software sales revenue of 110 million yuan, down 30% year-on-year.

Ask AI · Why did Wealth Trend’s net profit grow despite a decline in revenue?

( Image source: Visual China )

Blue Whale News April 1st (Reporter Wang Wanying) Recently, Wealth Trend (688318.SH) released its 2025 performance report. The company achieved a total operating revenue of 368 million yuan in 2025, a year-on-year decrease of 5.37%; net profit of 315 million yuan, a year-on-year increase of 3.77%; and non-recurring net profit of 247 million yuan, down 8.97% year-on-year. Among them, the company’s net profit attributable to shareholders in the fourth quarter was 131 million yuan, far higher than in other quarters.

Wealth Trend is a domestic provider of securities market trading system software and securities information services, with main businesses including software sales, maintenance services, and securities information services. It offers integrated solutions including software sales, software maintenance, and securities information services to securities financial institutions; and provides securities information services such as market data, news, and financial data to internet and individual investors.

Regarding the revenue decline, the company stated that it was mainly due to reduced demand from institutional clients in the securities market during the reporting period, leading to a decrease in sales of hardware and software compared to the previous period.

In terms of business structure, the company’s software service revenue in 2025 reached 169 million yuan, an increase of 6.64% year-on-year; software sales revenue was 110 million yuan, down 28.39% year-on-year; and securities information service revenue was 89 million yuan, an increase of 15.85% year-on-year.

The company’s R&D investment was 85.58 million yuan, a decrease of 6.44% year-on-year; R&D personnel decreased from 331 to 293, a reduction of 38 people. Despite the absolute decrease in investment and personnel, the R&D expense as a percentage of revenue remained high at 23.25%. Sales expenses were 6.66 million yuan, down 5.07% year-on-year.

In terms of dividends, the company plans to distribute a cash dividend of 3.8 yuan (tax included) for every 10 shares, totaling 97 million yuan in cash dividends, accounting for 30.86% of the company’s net profit attributable to shareholders in 2025; additionally, it will transfer 4 shares for every 10 shares from capital reserve to all shareholders.