Zhongtai Securities: Net profit expected to grow by 53.07% year-over-year in 2025; wealth management clients exceed 10 million

People’s Finance News, March 30—China Taiping Securities (600918) released its annual report on March 30. In 2025, the company achieved operating revenue of RMB 11.393 billion, up 17.58%; net profit attributable to shareholders of the parent company was RMB 1.435 billion, up 53.07%. By the end of the reporting period, the company’s wealth management business served 10.7434 million customers, marking its first time breaking the ten-million mark. It added 1.3006 million new accounts, managed customer assets of RMB 1.66 trillion, and generated operating revenue of RMB 4.552 billion from its wealth management business, serving as an important support for the company’s operating performance growth. The monthly active users (MAU) of the Zhongtai Qifutong app reached 6.0677 million, ranking 10th among broker apps. In terms of investment banking, the company completed six stock underwriting lead-underwriting projects and successfully carried out a private enterprise M&A restructuring project that became the first one to pass review on the Shanghai Stock Exchange’s main board since the implementation of the “Six Merger Lines.” For bond underwriting, the company completed 225 bond-type lead-underwriting projects throughout the year, with a total underwriting size exceeding RMB 88.8 billion. In asset management, its controlled subsidiaries, Wanjiа Fund and Zhongtai Asset Management, cumulatively managed assets totaling nearly RMB 700 billion.