SCS(SH:601555) Zhong Guo Ji Jin Bao·2025-10-14 23:53Core Viewpoint - Dongwu Securities is expected to report a significant increase in net profit for the first three quarters of 2025, with projections ranging from 2.748 billion to 3.023 billion yuan, representing a year-on-year growth of 50% to 65% [4][5]. Group 1: Company Performance - Dongwu Securities announced that its net profit for the first three quarters of 2025 is projected to be between 2.748 billion and 3.023 billion yuan, reflecting a year-on-year increase of 50% to 65% [4]. - The company attributes its performance to a focus on high-quality development, robust compliance and risk control, and a strong growth in wealth management and investment trading revenues [4][5]. - In the first half of 2025, Dongwu Securities achieved an operating income of 4.428 billion yuan, a year-on-year increase of 33.63%, and a net profit of 1.932 billion yuan, up 65.76%, significantly outperforming the industry average [4]. Group 2: Business Segments - The self-operated business saw a substantial revenue increase of 69.69%, becoming a key driver of overall revenue growth [4]. - Wealth management experienced a "double growth" in both client numbers and asset scale, with total clients reaching 3.1667 million and client assets exceeding 695.847 billion yuan, alongside a 35.70% increase in net income from brokerage services [4]. Group 3: Shareholder Returns - Dongwu Securities plans to distribute a cash dividend of 1.38 yuan per 10 shares (including tax), totaling 686 million yuan, which accounts for 35.50% of the net profit attributable to shareholders for the first half of 2025 [5]. Group 4: Industry Outlook - Other securities firms, such as Dongguan Securities, are also forecasting strong growth, with expected revenue increases of 44.93% to 60.18% and net profit growth of 78.26% to 97.02% for the first three quarters of 2025 [7]. - Analysts predict that the securities industry will experience high growth in the third quarter, which could drive up valuations across the sector [6][7]. - The anticipated increase in trading activity and margin financing in the A-share market is expected to further enhance the performance of securities firms [7].