Huaan Securities reports strong Q3 growth, updates accounting policy

Huaan Securities reported a robust third quarter for 2025, with operating revenue surging by 60.72% to 1,615,684,667.82 yuan and net profit attributable to shareholders increasing by 97.61% to 848,143,035.10 yuan compared to the same period last year. Year-to-date figures also showed strong growth, with operating revenue up 67.32% to 4,423,365,434.35 yuan and net profit attributable to shareholders rising 64.71% to 1,883,278,544.99 yuan. Basic and diluted earnings per share saw similar increases.

The company also announced a change in accounting policy, effective January 1, 2025, in response to new regulations from the Ministry of Finance regarding standard warehouse receipt transactions. This change reclassifies certain commodity financing activities as financial instruments, shifting related gains from "other business income" to "investment income" and associated costs from "other business costs" to "investment income."

This adjustment, which will be applied retrospectively, does not impact the company's asset-liability balance as of December 31, 2024, nor the total profit and net profit for January-September 2024. The policy change was approved by the board of directors and its audit committee, with the company emphasizing it will not materially affect its financial position, operating results, or cash flow.