DFZQ — Earnings Release 2025

Apr 14, 2025

Hong Kong Exchanges and Clearing Limited, The Stock Exchange of Hong Kong Limited and Hong Kong Securities Clearing Company Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

东方证券
—DFZQ—

(A joint stock company incorporated in the People's Republic of China with limited liability under the Chinese corporate name “东方证券股份有限公司” and carrying on business in Hong Kong as “東方證券” (in Chinese) and “DFZQ” (in English))

(Stock Code: 03958)

ANNOUNCEMENT ON PRELIMINARY FINANCIAL DATA FOR THE FIRST QUARTER OF 2025

This announcement is made by 東方證券股份有限公司 (the “Company”) pursuant to the Inside Information Provisions (as defined under the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the “Listing Rules”)) under Part XIVA of the Securities and Futures Ordinance (Cap. 571 of the Laws of Hong Kong) and Rule 13.09(2) of the Listing Rules.

The major financial data for the first quarter of 2025 as set out in this announcement is preliminary accounting data, which has not been audited by an accounting firm. The specific data should be those to be disclosed in the 2025 first quarterly report of the Company (the “2025 First Quarterly Report”). Investors are advised to pay attention to such investment risks involved.

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I. MAJOR FINANCIAL DATA AND INDICATORS FOR THE FIRST QUARTER OF 2025

Currency: RMB Units: 100 million

Item	The reporting period	The corresponding period of previous year	Increase or decrease (%)
Total operating revenue	53.82	36.11	49.04
Operating profit	17.15	8.67	97.81
Total profit	17.51	9.87	77.41
Net profit attributable to the shareholders of the listed company	14.36	8.86	62.08
Net profit after non-recurring profit or loss attributable to the shareholders of the listed company	14.08	7.94	77.33
Basic earnings per share (RMB)	0.16	0.10	60.00
Weighted average return on net assets (%)	1.79	1.11	Increased by 0.68 percentage point
	As at the end of the reporting period	As at the end of previous year	Increase or decrease (%)
Total assets	4,134.59	4,177.36	-1.02
Equity attributable to the shareholders of the listed company	826.53	813.97	1.54
Share capital	84.97	84.97	0.00
Net assets per share attributable to the shareholders of the listed company (RMB)	9.77	9.62	1.56

Note: The net assets per share attributable to the shareholders of the listed company in the table include the perpetual subordinated bonds issued by the Company. Excluding the effect thereof, the net assets per share attributable to the ordinary shareholders of the listed company as at the end of the reporting period shall be RMB9.18.

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II. DETAILS OF OPERATING RESULTS AND FINANCIAL POSITIONS

In the first quarter of 2025, the Company adhered to the general principle of “pursuing progress while ensuring stability”, closely followed the main line of high-quality development, seized market development opportunities, continuously optimized asset allocation, ensured sound progress in all business operations and achieved favourable operating results.

During the reporting period, the Company achieved operating revenue of RMB5,382 million and net profit attributable to the shareholders of the listed company of RMB1,436 million, representing an increase of 49.04% and 62.08% over the corresponding period of the previous year, respectively. The change in results of the Company was mainly due to the year-on-year increase in revenue from proprietary securities business and wealth management business.

As at the end of the first quarter of 2025, the Company’s total assets amounted to RMB413,459 million, representing a decrease of 1.02% from the end of the previous year; the equity attributable to the shareholders of the listed company amounted to RMB82,653 million, representing an increase of 1.54% from the end of the previous year.

III. RISK WARNINGS

The major financial data for the first quarter of 2025 as set out in this announcement is preliminary accounting data, which has not been audited by an accounting firm. The specific data should be those to be disclosed in the 2025 First Quarterly Report. Investors are advised to pay attention to such investment risks involved.

IV. DOCUMENTS AVAILABLE FOR INSPECTION

The comparative balance sheet and income statement which are signed and sealed by Mr. GONG Dexiong, the current legal representative of the Company, Mr. SHU Hong, the accounting chief and Mr. YOU Wenjie, person-in-charge of the accounting department of the Company.

By order of the Board of Directors
GONG Dexiong
Chairman

Shanghai, PRC
April 14, 2025

As at the date of this announcement, the Board of Directors comprises Mr. GONG Dexiong, Mr. LU Weiming and Mr. LU Dayin as executive Directors; Mr. XIE Weiqing, Mr. YANG Bo, Mr. SHI Lei, Ms. LI Yun, Mr. XU Yongmiao, Mr. REN Zhixiang and Mr. SUN Weidong as non-executive Directors; and Mr. WU Hong, Mr. FENG Xingdong, Mr. LUO Xinyu, Mr. CHAN Hon and Mr. ZHU Kai as independent non-executive Directors.

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