SWSC(SH:600369) Zheng Quan Zhi Xing·2025-08-14 16:26Key Points - The core viewpoint of the report is the financial performance of Southwest Securities Co., Ltd. for the first half of 2025, highlighting significant growth in revenue and profit metrics while also noting a slight decrease in net assets [1]. Financial Performance - Total assets at the end of the reporting period reached approximately 92.10 billion RMB, an increase of 10.64% compared to the previous year [1]. - The net assets attributable to shareholders decreased slightly to approximately 25.74 billion RMB, down by 0.28% from the previous year [1]. - Operating revenue for the period was approximately 1.50 billion RMB, reflecting a growth of 26.23% year-on-year [1]. - Total profit amounted to approximately 513.66 million RMB, representing a significant increase of 65.48% compared to the same period last year [1]. - Net profit attributable to shareholders was approximately 423.17 million RMB, up by 24.36% year-on-year [1]. - The net profit after deducting non-recurring gains and losses was not specified, but the net cash flow from operating activities was negative at approximately -1.03 billion RMB, a decrease of 133.65% [1]. - The weighted average return on equity increased to 1.63%, up by 0.30 percentage points from the previous year [1]. - Basic and diluted earnings per share were both 0.06 RMB, an increase of 20.00% compared to the previous year [1]. Shareholder Information - The total number of shareholders at the end of the reporting period was 121,465 [1]. - The top shareholder, Chongqing Yufu Capital Operation Group Co., Ltd., holds 29.51% of the shares, amounting to approximately 1.96 billion shares [3]. - Other significant shareholders include Chongqing Urban Construction Investment (Group) Co., Ltd. with 10.37% and Chongqing Jiangbei Central Business District Investment Group Co., Ltd. with 6.03% [3]. Important Events - The company plans to distribute a cash dividend of 0.1 RMB per 10 shares, totaling approximately 66.45 million RMB [1]. - There is an ongoing process for a change in the controlling shareholder, with Chongqing Yufu Capital Operation Group Co., Ltd. planning to transfer its shares to Chongqing Yufu Holding Group Co., Ltd. [3].