首份A股上市券商半年报亮相 西南证券上半年营收、净利同比双增

Core Insights - Southwest Securities reported a steady increase in operating performance for the first half of 2025, achieving operating income of 1.504 billion yuan, a year-on-year growth of 26.23%, and a net profit attributable to shareholders of 423 million yuan, up 24.36% year-on-year [5] Financial Strength - As of June 30, 2025, Southwest Securities had total assets of 92.104 billion yuan, net assets of 25.738 billion yuan, and net capital of 16.714 billion yuan, with a weighted average return on equity of 1.63% [1] Main Business Development - The brokerage business laid a solid foundation, generating operating income of 819 million yuan in the first half of the year, focusing on creating differentiated competitive advantages [1] - The company had 106 securities branches and total customer assets exceeding 550 billion yuan, with a year-on-year growth of over 95% in bond assets [1] - The self-operated business achieved operating income of 459 million yuan, maintaining a steady investment style and exploring innovative business opportunities [1] Asset Management and Investment Banking - The asset management business accelerated its reform and transformation, achieving operating income of 9.6236 million yuan, with a total management scale of 17.659 billion yuan, a growth of 28% compared to the end of last year [2] - The investment banking business generated operating income of 9.06924 million yuan, focusing on equity financing, mergers and acquisitions, and bond financing [2] Future Business Planning - For the second half of the year, the company plans to enhance its brokerage services, strengthen research services, and expand institutional cooperation [3] - The investment banking sector will leverage its advantages to promote mergers and acquisitions in the Sichuan-Chongqing region [3] - The asset management business aims to grow in scale and improve service quality, focusing on equity products and asset-backed securities [3] Profit Distribution - The company announced a semi-annual profit distribution plan, proposing a cash dividend of 0.1 yuan per 10 shares, totaling 66.4511 million yuan [3]