Xingzheng Futures will achieve operating revenue of 325 million yuan and net profit of 73 million yuan in 2025.

On the evening of March 27, Xinyou Securities announced its full-year performance for 2025. At the same time, the specific operational situation of its wholly-owned subsidiary, XZ Futures, also came to light.

As of December 31, 2025, XZ Futures had total assets of 31.886 billion yuan, net assets of 2.423 billion yuan, reported operating income of 325 million yuan, and net profit of 73 million yuan.

The announcement also stated that XZ Futures has consistently adhered to institutional brokerage as its core business direction, by building four core capabilities: “investment, research, trading, and risk management,” forming a business model of “one body, two wings, and three layouts,” which is based on brokerage business, with futures asset management and risk management as the two wings, and market-making, proprietary trading, and international business as future strategic layouts. During the reporting period, leveraging the group’s collaborative advantages, the number of clients and asset scale steadily grew; deepening services for industrial clients, effectively utilizing futures derivatives to support the high-quality development of the real economy, the “insurance + futures” commercial project achieved breakthroughs and business model advancements. As of the end of 2025, XZ Futures had client equity of 28.584 billion yuan.

(Announcement)

(Editor: Xu Nannan)

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