Key Takeaways:
- East Money H1 net profit rose 45% to 8.06 billion yuan on revenue of 10.51 billion yuan.
- Tiantian Fund's non-money fund AUM topped 1 trillion yuan for the first time.
- The company declared no interim dividend for the first half.
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East Money profit jumps 45% as fund AUM tops 1 trillion
East Money reported H1 net profit of 8.06 billion yuan, up 45 percent year on year, as revenue rose 53 percent to 10.51 billion yuan.
"The company seized capital market development opportunities and deepened its core business while increasing investment in research and innovation," East Money said in its semi-annual report filed Aug. 21.
Securities fee and commission net income rose 55 percent to 5.96 billion yuan, while net interest income climbed 59 percent to 2.27 billion yuan. Brokerage stock and fund trading volume reached 26.45 trillion yuan in the first half. Fintech e-commerce services revenue gained 47 percent to 2.09 billion yuan with a 93 percent gross margin, and IT services revenue rose 44 percent to 2.27 billion yuan.
Tiantian Fund, the fund distribution arm, saw non-money market fund assets under management top 1 trillion yuan for the first time, reaching 1.01 trillion yuan at period end, up from 770 billion yuan at the start of the year. Equity fund AUM reached 526 billion yuan. The company declared no interim dividend.
The results track a record first half for China's A-share market. Total turnover reached about 317.5 trillion yuan, a half-year record, while new brokerage accounts rose 60 percent to 20.16 million. The ChiNext index gained 35.6 percent and the STAR 50 index climbed 64.3 percent, both hitting record highs.
East Money Securities, the brokerage unit, was rated A类AA级 in the securities regulator's classification for a fifth consecutive year. The unit's asset management business expanded its product lineup across fixed income, equity and fund-of-fund strategies.
The company spent 540 million yuan on research and development in the first half, up 8.3 percent, as it pushes its self-developed Miaoxiang AI model across products. It launched features including "Miaoxiang Claw" and a "Skill Square" during the period.
The no-dividend decision may disappoint income-focused investors, though the company distributed 1.58 billion yuan in cash for fiscal 2025 earlier this year. East Money's growth outpaced many regional and offline brokers, though it trailed larger peers such as CITIC Securities. Investors will watch second-half fund flows and whether the brokerage can sustain trading volume growth as market activity normalizes.
This article is for informational purposes only and does not constitute investment advice.
