Southwest Securities Co., Ltd.

Southwest Securities Co., Ltd.

600369.SS
Southwest Securities Co., Ltd.CN flagShanghai Stock Exchange
4.18
CNY
+0.03
- -
27.78BMarket Cap
Southwest Securities Co., Ltd.
600369.SS
(Shanghai Stock Exchange)

Recent

price

4.18

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
0.45
0.2
0.25
0.39
0.63
1.46
0.61
0.51
0.45
0.56
0.46
0.41
0.23
0.3
0.36
0.44
0.42
Revenue per Share
0.2
0.06
0.08
0.13
0.24
0.63
0.16
0.12
0.04
0.18
0.18
0.16
0.05
0.09
0.11
0.16
0.13
Basic EPS, GAAP
-1.18
-0.74
-0.1
-0.22
0.96
0.39
-1.89
-0.77
0.4
0.21
-0.67
-0.05
0.46
-0.25
1.62
-0.71
1.01
Free Cash Flow per Basic Share
- -
0.24
0.02
0.05
0.07
0.2
0.29
0.23
0.19
0.17
0.22
0.22
0.2
0.11
0.14
0.14
0.08
Dividend per Share
0.84
0.5
0.57
0.62
0.71
1.51
1.47
1.48
1.4
1.45
1.62
1.53
1.53
1.45
1.54
1.52
1.6
Book Value per Share
2.65
2.04
2.24
2.3
3.05
3.39
3.35
3.52
3.29
3.32
4.09
3.87
4
3.77
4.03
3.93
4.16
Tangible Book Value per Share
4,130
4,776
4,565
4,669
5,579
5,642
5,735
5,573
5,671
5,789
6,064
6,488
6,188
6,691
6,358
6,640
6,139
Basic Weighted Avg Shares
1,838
974
1,152
1,818
3,517
8,234
3,480
2,868
2,569
3,218
2,791
2,676
1,414
2,031
2,283
2,940
2,598
Sales/Revenue/Turnover
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Operating Margin (%)
45
53
51
50
47
66
91
106
95
78
65
139
196
195
201
203
- -
Depreciation Expense
805
263
342
630
1,339
3,555
918
669
227
1,042
1,091
1,038
309
602
699
1,062
782
Net Income, GAAP
22.96
21.63
11.1
10.25
19.08
18.37
18.98
18.01
- -
12.25
10.51
1.26
- -
- -
16.36
7.45
24.38
Effective Tax Rate (%)
43.81
26.98
29.72
34.67
38.08
43.17
26.37
23.32
8.83
32.38
39.1
38.8
21.88
29.65
30.63
36.14
30.11
Profit Margin (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Working Capital
- -
- -
200
4,660
5,943
14,900
20,816
17,355
16,367
18,179
21,045
18,887
18,508
21,110
22,641
29,782
24,370
LT Debt
11,123
9,899
10,405
10,924
17,220
19,590
19,668
20,049
19,014
19,558
25,077
25,283
24,936
25,402
25,811
26,249
25,738
Total Equity
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
26.99
8.97
13.69
22.94
39.23
57.01
10.84
8.03
2.8
12.74
11.96
10.5
3.18
6.27
7.18
10.7
7.97
Return on Common Equity (%)

Capital Structure

FRC

in mil. unless spec.
Dec'24
Mar'25
Jun'25
ST Debt
- -
- -
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
6,645
6,645
6,645
Market Capitalization
35,730
26,642
26,703

Working Capital

FRC

in mil. unless spec.
Dec'24
Mar'25
Jun'25
Total Current Assets
- -
- -
- -
Cash, Cash Equivalents & STI
39,876
38,805
42,140
Accounts Receivable, Net
- -
- -
- -
Inventories
- -
- -
- -
Total Current Liabilities
- -
- -
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
3.29%
0.93%
1.7%
Free Cash Flow
-330.62%
-403%
-145.83%
Net Income, GAAP
28.43%
17.51%
51.9%
Sales/Revenue/Turnover
-4.03%
6.69%
28.74%
Total Cash Common Dividend
1.38%
-4.55%
0.39%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
530
540
519
700
2,283
2025
557
822
634
- -
2,940
2026
699
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.03
- -
- -
- -
0.11
2025
0.04
- -
- -
- -
0.16
2026
0.05
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.02
- -
- -
- -
0.14
2025
- -
- -
- -
- -
0.14
2026
0.01
- -
- -
- -
- -
Business
Southwest Securities Co., Ltd. (600369.SS) operates as a comprehensive securities firm in China, providing brokerage services for stocks, bonds, and futures; investment banking including underwriting, mergers and acquisitions advisory, and financial consulting; asset management encompassing public and private funds, wealth management products, and proprietary trading; and securities research and information services. The company serves institutional investors, high-net-worth individuals, and retail clients across brokerage, capital intermediation, investment management, and trading segments. Founded in 1991 and headquartered in Xi'an, Shaanxi Province, Southwest Securities maintains extensive operations throughout mainland China with branches in major financial centers such as Beijing, Shanghai, and Shenzhen. Recent strategic developments include the expansion of its wealth management business through new product launches in structured deposits and insurance-linked securities within the past year, alongside a key partnership with regional banks to enhance bond underwriting capabilities; additionally, the company completed a capital increase via issuance of A-shares in late 2024 to support digital transformation initiatives and risk management upgrades.