150 brokerages achieve total revenue of 541.2 billion and net profit of 219.4 billion; investment advisory business sees significant growth

The securities industry’s overall operating performance for 2025 has been released. According to the latest disclosure from the China Securities Association, based on statistical results and relevant unaudited financial statements, 150 securities firms recorded operating revenue of 541.71 billion yuan in 2025 and net profit of 219.439 billion yuan. The combined total assets of the 150 securities firms were 1.483 trillion yuan, total net assets were 334.0 billion yuan, and net capital was 244.0 billion yuan. Of these, net revenue from brokerage and trading securities businesses (including transaction unit seat leasing) was 163.796 billion yuan, net revenue from securities underwriting and sponsorship was 33.711 billion yuan, net revenue from financial advisory business was 5.784 billion yuan, net revenue from investment consulting business was 7.694 billion yuan, net revenue from asset management business was 23.887 billion yuan, net interest income was 64.687 billion yuan, and securities investment returns (including changes in fair value) were 185.324 billion yuan, making it the business contributing the most to revenue. The 2025 operating data for securities firms improved across the board year over year versus 2024, with core businesses recovering across the board; in particular, investment advisory business revenue grew significantly, up more than 40% year over year, while only asset management business revenue declined slightly. (Caixin)