"Investment business shines again? Zhongtai Securities’ net profit last year expected to increase by 40% to 60%"
```
Zhongtai Securities’ strengths in large-scale investment business have become increasingly evident.
With the significant rebound in market activity in 2025, the recovery of the securities sector’s performance is continually being validated. On January 29, Zhongtai Securities issued a performance forecast announcement.
The company expects its net profit attributable to shareholders for the whole year to be between 1.312 billion and 1.5 billion yuan, a substantial increase of 40% to 60% compared to 937 million yuan in the same period of 2024.
Looking back at 2024, Zhongtai Securities’ attributable net profit was less than 1 billion yuan, with earnings per share at 0.11 yuan, even a sharp drop from the previous year. However, in 2025, the company has achieved a remarkable turnaround in performance.
Growth Logic: Seizing Market Opportunities + Performance in Three Key Businesses
The reasons behind Zhongtai Securities’ substantial growth can be traced to both the market environment and specific business capabilities.
On one hand, it benefited from the improvement in external conditions. The revival in market activity in 2025 and the warming of trading sentiment have provided fertile ground for various securities businesses to develop.
On the other hand, the results of internal strategic adjustments at Zhongtai Securities have become apparent. The company clearly stated in its announcement that the main drivers for its performance growth are year-on-year increases in income from “wealth management, asset management, and investment trading” businesses.
This may indicate that Zhongtai Securities has made progress in moving away from the traditional path of solely relying on brokerage business. By enhancing management efficiency and core competitiveness, the company has built a more distinctive income structure.
Excluding Non-recurring Profits: Even Faster Growth
The content disclosed in the performance report is limited, but the signals conveyed are significant.
For example, the “net profit excluding non-recurring items,” which reflects core business capability, is noteworthy. The announcement shows that Zhongtai Securities expects its net profit excluding non-recurring items attributable to shareholders to reach 1.26 to 1.452 billion yuan in 2025, representing a year-on-year increase of 44%–66%.
This growth rate is slightly higher than the increase in net profit attributable to shareholders, indicating the profitability quality of the company’s core businesses is being solidly enhanced.
Business Balance Remains to be Observed
Zhongtai Securities stated that the data in this performance forecast has been preliminarily calculated by the finance department and communicated with the annual auditing accountants; there are no major uncertainties. However, investors should note that the final financial data will be subject to the company’s formally disclosed 2025 annual report.
Additionally, other major businesses of securities companies—such as derivatives, investment banking, and research—were not mentioned in this performance report, so their subsequent performance is worth watching. For mid-sized brokers like Zhongtai Securities, in addition to highlighting their strengths, business balance in the future will also be important.
Analysts believe that the performance forecast not only reflects improvements in the company’s own operations, but also mirrors the sector-wide “beta gains” from the market rebound in 2025. As annual reporting season approaches, the market will further pay attention to data on specific business development and future strategic layout.
Risk Warning and DisclaimerThe market carries risks—investment should be approached with caution. This article does not constitute personal investment advice, nor does it take into account the specific investment objectives, financial situation, or needs of individual users. Users should consider whether any opinions, views, or conclusions in this article are suitable to their particular circumstances. Investment decisions based on this information are made at your own risk.
```