EASTMONEY Q3 revenue doubled year-on-year, net profit surged 78%, driven by commission and margin financing business growth | Earnings report insights

EASTMONEY's Q3 net profit surged by 78%, with total operating revenue reaching 4.733 billion yuan, a year-on-year increase of 100.65%. The main driver of performance growth comes from the securities business. In the first three quarters of this year, the company's net income from fees and commissions increased significantly by 86.79% year-on-year, and net interest income also grew by 59.71% year-on-year due to the expansion of the scale of funds lent out. On the 24th, EASTMONEY announced its Q3 2025 financial report: Net profit attributable to shareholders of the listed company was 3.530 billion yuan, a year-on-year increase of 77.74%; Total operating revenue reached 4.733 billion yuan, doubling year-on-year, an increase of 100.65%. Q3 Net Profit Surged by 78%, Commission and Margin Financing Drive Growth The main driver of performance growth comes from the securities business. In the first three quarters of this year, the company's total operating revenue reached 11.589 billion yuan, a year-on-year increase of 58.67%. Among them, net income from fees and commissions was the primary contributor to growth. From the beginning of the year to the end of the reporting period, this income reached 6.640 billion yuan, an increase of 86.79% compared to 3.555 billion yuan in the same period last year. The company clearly stated in the financial report that this was mainly due to the year-on-year increase in net income from securities brokerage business, reflecting the direct boost to the company's performance from market trading activity. At the same time, margin financing and securities lending also became another major engine for growth. In the first three quarters, the company achieved net interest income of 2.405 billion yuan, a year-on-year increase of 59.71%. The financial report explained that this was due to the "increase in interest income from funds lent out" year-on-year. As of the end of the reporting period, EASTMONEY's "scale of funds lent out" had reached 76.578 billion yuan, an increase of 30.11% compared to the beginning of the year. Balance Sheet Expansion, Cash Flow Under Pressure While the business scale and profits have risen simultaneously, EASTMONEY's balance sheet has also experienced significant expansion. The cash flow statement shows that from the beginning of the year to the end of the reporting period, the company's net cash flow from operating activities was -6.585 billion yuan, in stark contrast to a net inflow of 64.121 billion yuan in the same period last year, a year-on-year decline of 110.27%. The company explained in the financial report that this was mainly due to the "decrease in net cash received from the agency buying and selling of securities, and the year-on-year increase in the scale of funds lent out." To support the expansion of the asset side, the company has also actively financed on the liability side. At the end of the reporting period, the company's total assets reached 380.255 billion yuan, an increase of 24.12% compared to the beginning of the year. On the liability side, the scale of "payable short-term financing bonds" and "payable bonds" increased to 27.250 billion yuan and 29.708 billion yuan, respectively, a significant increase of 71.55% and 57.60% compared to the beginning of the year. The company's securities proprietary business profits have fluctuated. The "fair value change income" item in the profit statement recorded a loss of 196 million yuan in the first three quarters of this year, while the same period last year recorded a profit of 308 million yuan, a year-on-year decrease of 163.71%. The company explained that the main reason was the "decline in income from fixed income business in securities proprietary operations."