CLS(SZ:002945) Zheng Quan Zhi Xing·2025-04-27 01:37Core Viewpoint - Huayin Securities reported strong financial performance in Q1 2025, with significant growth in revenue and net profit compared to the same period last year [1][5]. Operating Performance - The total operating revenue for Huayin Securities in Q1 2025 was 325 million yuan, a year-on-year increase of 19.07% from 273 million yuan [1]. - The net profit attributable to shareholders reached 103 million yuan, a substantial increase of 87.92% from 54.83 million yuan in the same quarter last year [1]. - The non-recurring net profit also showed strong performance, amounting to 106 million yuan, up 45.73% year-on-year [1]. Profitability - The company's net profit margin improved to 31.74%, compared to 24.61% in the same period last year, reflecting a year-on-year growth of 57.82% [2]. - Earnings per share were 0.04 yuan, representing a year-on-year increase of 88.18%, indicating robust growth in profitability [2]. Asset Status - As of the end of the reporting period, the company's cash and cash equivalents stood at 9.84 billion yuan, a 19.56% increase from 8.23 billion yuan year-on-year, indicating strong cash reserves and a solid financial position [3]. - The net asset value per share was 2.58 yuan, reflecting an 11.07% year-on-year growth, further enhancing the company's capital strength [3]. Cash Flow Situation - The operating cash flow per share was 2.1 yuan, slightly down by 2.47% from 2.15 yuan in the same period last year, but still maintaining a healthy level [4]. Debt Repayment Ability and Financing Dividends - Huayin Securities has a healthy cash asset position, demonstrating strong debt repayment capability [5]. - Since its listing, the company has accumulated a total financing amount of 977 million yuan and total dividends of 783 million yuan, with a dividend-to-financing ratio of 0.8, indicating a focus on shareholder returns [5].