Brokerages' net profit in 2025 continues to grow, with brokerage and proprietary trading businesses as the main drivers of growth.

People’s Finance News, April 7—As listed companies’ 2025 annual reports are gradually being released, the profits of listed brokerages are also becoming increasingly clear. According to Wind data, as of April 6, a total of 29 listed brokerages or their parent companies have disclosed their 2025 annual reports, accounting for nearly 60% of all listed brokerages. Year-over-year growth in net profit attributable to shareholders has been positive across the board. Eight listed brokerages each reported net profit attributable to shareholders of more than 10 billion yuan; among them, China Citic Securities’ net profit attributable to shareholders exceeded 30 billion yuan. Judging by performance in principal businesses, driven by the 2025 market upturn and heightened trading activity, revenue from brokerage commissions and proprietary trading at brokerages both saw strong growth, becoming the main impetus behind overall performance growth. In addition, investment banking revenues at some brokerages also recorded strong growth. Analysts believe that in 2025, the level of activity in China’s domestic capital markets continued to rise, and equity market sentiment gradually improved, driving comprehensive improvements across brokerages’ core business segments. The securities sector is seeing three marginal positive changes, and 2026 performance exceeding expectations is worth looking forward to. (China Securities Journal)