Shenwan Hongyuan's 2025 performance forecast: Net profit upper limit breaks the 10 billion yuan mark.

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At the end of January, major securities firms announced positive performance news.

Shenwan Hongyuan recently released its performance forecast for 2025, expecting net profit attributable to shareholders of the listed company to be between 9.1 billion and 10.1 billion yuan, a year-on-year increase of 74.64% to 93.83%.

Judging from the forecast, the performance rebound is not driven by a single business, but is the result of coordinated efforts in investment trading, wealth management, and investment banking, laying a clear tone for the upcoming annual report.

This significant improvement forecast provides a clear direction for the company's soon-to-be-released annual report and brings relatively optimistic expectations for investors.

Performance Forecast: Significant Rise in Net Profit Range

Shenwan Hongyuan announced that the net profit attributable to shareholders of the listed company in 2025 is expected to be between 9.1 billion and 10.1 billion yuan, a year-on-year increase of 74.64% to 93.83%.

Given that the comparable base is not low, this increase reflects a marked enhancement in the company's overall business resilience.

It should be noted that the above data are the company's preliminary estimates. The final financial figures are subject to the audited 2025 annual report.

Business Focus: Core Businesses Recovers Together

Following the clues disclosed in the performance forecast, Shenwan Hongyuan's improvement in 2025 is not just a sporadic rebound but a simultaneous recovery across multiple business lines.

The company demonstrates strong development resilience in key areas such as investment trading, wealth management, and investment banking, with significant year-on-year growth in various business revenues. Against the backdrop of more structural market opportunities, these related businesses provide relatively balanced support to overall profits.

This description also means that the company's performance rebound in 2025 will not be overly dependent on a single market trend, but rather comes more from adjustments in business structure and operational mechanisms.

Investment Trading Seizes Market Fluctuation Opportunities

The announcement also highlights that institutional and operational reforms are an important background factor in improved business performance in 2025. Focusing on enhanced business synergy and resource allocation efficiency, the company continues to promote internal reforms and strengthen the linkages between business lines, maintaining a relatively stable business rhythm in a complex environment.

On this basis, the investment trading segment seizes opportunities from market fluctuations, the wealth management segment adapts to changes in residents’ asset allocation, and the investment banking business maintains resilience in serving the real economy, all jointly driving a significant increase in annual performance.

Performance Profile Becoming Clearer

Based on information disclosed in the performance forecast, the main business lines for Shenwan Hongyuan in 2025 have become relatively clear. The significant upward revision in the profit range, together with comments on the strong development across multiple core businesses, sets a positive tone for the full-year performance.

As the official annual report disclosure approaches, the specific contribution structure, sustainability, and cost-side changes of each business segment still need to be further verified with more detailed data.

Subsidiary Bond Issuance Progress

In addition to the performance forecast, Shenwan Hongyuan recently disclosed new progress regarding its subsidiary’s bond issuance.

According to approval from the China Securities Regulatory Commission, Shenwan Hongyuan Securities Co., Ltd. has been allowed to publicly issue short-term corporate bonds with a total outstanding value not exceeding 30 billion yuan to professional investors. On January 21, 2026, Shenwan Hongyuan Securities completed the first tranche of short-term corporate bonds for 2026 to professional investors, with an issuance size of 5 billion yuan.

Among them, Type I bonds were issued with a size of 2 billion yuan, term of 273 days, and a coupon rate of 1.69%. Type II bonds were issued with a size of 3 billion yuan, term of 365 days, and a coupon rate of 1.71%. After registration, this batch of bonds is intended to be listed and traded on the Shenzhen Stock Exchange.

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