Oriental Wealth's net profit exceeded 12 billion last year, and insiders have cumulatively reduced holdings and cashed out over 9 billion.

On the evening of March 19, East Money Information Co., Ltd. (300059.SZ) released its 2025 annual report. During the reporting period, the company’s total operating revenue was 16.068 billion yuan, an increase of 38.46% year-on-year; net profit attributable to shareholders of the listed company was 12.085 billion yuan, up 25.75% year-on-year.

As of the end of 2025, East Money’s total assets were 392.934 billion yuan, an increase of 28.25% year-on-year. According to the 2025 annual equity distribution plan, a cash dividend of 1.0 yuan per 10 shares is proposed, totaling 1.58 billion yuan in cash dividends.

Source: East Money Information

Looking at quarterly performance, East Money showed a stronger momentum in the second half of 2025.

In the first and second quarters of 2025, the company’s operating revenues were 3.486 billion yuan and 3.371 billion yuan, respectively; net profits attributable to the parent were 2.715 billion yuan and 2.852 billion yuan.

In the third and fourth quarters, East Money’s operating revenues exceeded 4 billion yuan each, reaching 4.733 billion yuan and 4.479 billion yuan; net profits attributable to the parent were 3.53 billion yuan and 2.987 billion yuan, respectively.

Business-wise, the 2025 annual report shows that the company’s main businesses during the period included securities services, financial e-commerce services, and financial data services.

Among industry segments, the securities industry accounted for over 70% of revenue, at 78.02%, with revenue of 12.535 billion yuan, an increase of 47.59% year-on-year; information technology services accounted for 21.95%, with revenue of 3.528 billion yuan, up 13.60% year-on-year.

By product, securities services accounted for the largest share of total revenue at 78.02%; financial e-commerce services accounted for 19.80%, with revenue of 3.182 billion yuan, up 11.99% year-on-year; financial data services accounted for 1.50%, with revenue of 240 million yuan, an increase of 25.18% year-on-year.

Source: East Money Information

Regarding subsidiaries, during the period, East Money Securities’ revenue was 13.672 billion yuan, with a net profit of 8.878 billion yuan.

The company stated in the annual report that during the period, East Money Securities actively seized market opportunities, solidified its retail brokerage business foundation, with a trading volume of 38.46 trillion yuan in brokerage and fund transactions. Additionally, East Money Securities was approved to list as a securities market maker, focusing on promoting listed fund market-making, actively expanding into the Beijing Stock Exchange and STAR Market stock market-making businesses, maintaining stable development of interbank and exchange-traded bond market-making, continuously broadening service coverage, and improving the quality and efficiency of market-making services.

Tiantian Fund’s revenue was 3.203 billion yuan, with a net profit of 180 million yuan.

East Money stated that as of the end of the reporting period, Tiantian Fund had launched 164 public fund managers and 21,900 fund products, with a non-money market public fund asset scale of 770.133 billion yuan and equity funds totaling 445.617 billion yuan. During the period, the company’s internet financial e-commerce platform facilitated 258 million fund subscription (including regular investment) transactions, with a sales volume of 2.61 trillion yuan. Non-money market funds accounted for 167 million subscription transactions, with sales of 1.58 trillion yuan.

Additionally, in 2025, East Money’s Chairman actually received a total pre-tax compensation of 4.9222 million yuan from the company, a decrease from 5.0198 million yuan in 2024.

Reviewing East Money’s announcements in 2025, actually did not reduce its holdings in the company, but its concerted action partners (father Shen Yougen and wife Lu Lili) had announced plans to reduce holdings in 2025.

On the evening of July 18, 2025, East Money announced that Shen Yougen planned to transfer 15.88 million shares via inquiry transfer, accounting for 1.00% of the company’s total share capital. On July 24, East Money announced that this inquiry transfer had been completed, with a transfer price of 21.66 yuan per share. Based on this, Shen Yougen had already cashed out approximately 3.439 billion yuan in July.

Two months later, on the evening of September 30, 2025, East Money announced that shareholders Lu Lili and Shen Yougen planned to transfer 238 million shares via inquiry transfer, accounting for 1.50% of the company’s total share capital, due to personal funding needs. On October 17, 2025, the transfer was completed at a price of 24.4 yuan per share. Calculated accordingly, Lu Lili and Shen Yougen collectively cashed out over 5.8 billion yuan in this transaction.

In other words, their family members had cumulatively cashed out over 9.2 billion yuan in 2025.

Actually chose to donate shares to their alma mater in February 2026. After market close on February 26, East Money announced that to support education development, promote talent cultivation and technological innovation, actually planned to donate 20 million unrestricted circulating shares to the Shanghai Jiao Tong University Education Development Foundation, representing 0.13% of the company’s total share capital. After the donation, actually’s shareholding ratio would decrease to 19.25%. Based on the current share price of 21.33 yuan per share, this donation’s market value is approximately 427 million yuan.

Reporting: Nandu·Wancai Society Reporter Liu Changyuan